UK ministers warned to prepare for tough decisions on spending
https://www.theguardian.com/politics/article/2024/aug/11/chancellor-rachel-reeves-treasury-budget-tough-spending-decisions?CMP=Share_AndroidApp_Other
Posted by JimJonesdrinkkoolaid
UK ministers warned to prepare for tough decisions on spending
https://www.theguardian.com/politics/article/2024/aug/11/chancellor-rachel-reeves-treasury-budget-tough-spending-decisions?CMP=Share_AndroidApp_Other
Posted by JimJonesdrinkkoolaid
30 Comments
Glad to see that consultancy contracts are in the firing line…the past 10 years have really been massive bonanza for anyone in the business
Anyday day that government cuts Spending is a good one.
And yet it will be us who will have the tougher time.
The only tough decisions will be what to cut to protect the triple lock on pensions.
Reeves needs to find £10 billion EXTRA a year, EVERY year on top of what we already spend.
Labour have just made a right song and dance about the cuts required to pay for a £20 billion black hole.
Yet to maintain triple lock they need to plug another 2 £20 billion black holes on top of the current one by the end of their 4 year term.
This is how insanely unaffordable Triple Lock is for the country and it’s directly coming at the expense of no money for anything else.
Ramming through even more austerity than the Tories left us with, using the exact same excuses the Tories used in 2010.
And so, the UK economy for the mass of people continues to circle the drain.
Is the decision, is that the current form Government is no longer fit for purpose?
Back into full austerity then I guess
Fuck this country has been so shit for the last 15 years
I genuinely don’t understand how these obvious liars continuing a Tory agenda won any election, let alone by a landslide. We only have ourselves to blame
Well, ourselves and an absolutely pathetic media
Where did all this money go?
https://www.gov.uk/government/news/prime-minister-unveils-295bn-of-investment-at-historic-global-investment-summit
Getting very bored of these constant speculative headlines.
Nobody knows yet what exactly is going to be announced.
Glad to see that absolutely fucking nothing changes.
Why is it so difficult to tax the ultra rich corporations? Record profits every year, yet we never tax them as we should.
Tough decisions always means tough for the poor, never for the rich.
Anyone else see Ashworth on GMB laughing about this btw? He was blatantly mocking us. People need to give up with this naive idea that this Labour government has any intentions of supporting those who need it, they’re too busy lining their own pockets.
Tough decisions are literally the job. It’s not just nice cars, historical buildings, big pensions and regular junkets. Tough decisions are what the Tories have avoided for over a decade, always opting for the easy option.
Hope that everyone who voted for these neoliberal ghouls to “get the Tories out” is enjoying the Tory austerity they voted for – ever get the feeling you’ve been cheated?
I have worked all my life and paid tax I’m still at work at 70. They tax my pension. If you all had any sense you would be fighting to keep it as you will need it in years to come. They should try taxing Starbucks google Nando’s u er aviva insurance the list is endless. That’s where the money should be coming from
Axing the triple lock or implementing any form of state pension means testing would make a huge difference.
The triple lock will cost roughly an extra £10B every year moving forward (depending on which of the 3 is highest). It’s fundamentally unaffordable and will need to be axed at some point because due to its nature it guarantees that tax income can never keep up with benefit rises over the long term.
It would be disastrously unpopular but if there’s ever a time to implement something that loses a lot of votes then it’s now – far enough from a GE that might just get voted back in.
If they could just….. do something.
That would be great.
Still waiting for the utopia this sub promised when Labour got into power.
I’m sure it’s right around the corner…
How does Germany afford there massive pensions? Genuine question?
Why don’t they ask the illegal immigrants crossing the channel to pay for it?
I wonder if one of those tough decisions will include not granting politicians any bonuses until the situation is sorted.
We’re struggling for money so why are we giving it anyway and/or housing undocumented men that came over here from France in the million+ in accomadation? We should be prioritizing our own taxpayers, people that actually pay in to the system or have all their lives.
Then Labour can enjoy being a single term government. Are they seriously reading the room right now as a public desire for penny pinching and austerity 2.0?
Let me guess they will lower the threshold to pay higher taxes for lower and middle class people, cut lifetime pension allowance and give us an ISA allowance so we eventually pay more tax.
Can we have a government that’s interested in actually growing our economy and not taxing us to death ffs.
I’m sure we will get hammered with more tax on everything
The great financial brains of reddit assembling to yell “JUST TAX GOOGLE IT’S EASY”
I need to go back to school and reskill and then get the fuck out of this London centric paper tiger economy. The warning signs are all over the walls. I need to run.
She will come after the disabled as the easy target, as all past governments do. The job market is currently tough with firms not hiring and only less than a million jobs available but 7 million plus out of work.
So getting people back into work, without creating millions of new jobs isn’t going to happen at all.
Maybe stop sending funds to Israhell and Ukraine, and chop the heating/housing/ food allowances for MPs