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 Post subject: The budget
PostPosted: Wed Mar 11, 2020 14:45 
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ugvm'er at heart...

Joined: 4th Mar, 2010
Posts: 21304
Well, that was interesting. I do wonder where all the money is coming from to pay for all of this.
If this had been a labour budget the tories (and the ragtops) would be going apoplectic over the amount being spent etc...

https://www.bbc.co.uk/news/uk-politics-51832634


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 Post subject: Re: The budget
PostPosted: Wed Mar 11, 2020 15:37 
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Excellent Member

Joined: 25th Jul, 2010
Posts: 10792
There does seem to be a shitload extra going out, and very little more coming in (assuming that BBC article is comprehensive). So, yeah: where's it expected to come from?


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 Post subject: Re: The budget
PostPosted: Wed Mar 11, 2020 15:43 
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Can't re-member

Joined: 27th Mar, 2008
Posts: 54160
Location: Liberty City
Magic money tree

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 Post subject: Re: The budget
PostPosted: Wed Mar 11, 2020 15:46 
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Joined: 12th Apr, 2008
Posts: 15004
Location: Oxford
The short burst of spending will help offset any economic crunch from the coronavirus and (whispers) the end of the Brexit transitional phase. Like hair-of-the-dog, however, the brief respite will probably be followed by more pain.


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 Post subject: Re: The budget
PostPosted: Wed Mar 11, 2020 15:47 
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Heavy Metal Tough Guy

Joined: 31st Mar, 2008
Posts: 5601
The UK government can currently borrow money at less than the rate of inflation. It essentially does have a magic money tree.


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 Post subject: Re: The budget
PostPosted: Wed Mar 11, 2020 17:25 
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Soopah red DS

Joined: 2nd Jun, 2008
Posts: 2166
That is always true, really - the idea that the government has to carefully account for all the money in advance of spending it (which it cannot do, in any case) is some powerful righty bullshit.


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