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The budget https://www.beexcellenttoeachother.com/forum/viewtopic.php?f=3&t=11468 |
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Author: | Trooper [ Wed Mar 11, 2020 14:45 ] |
Post subject: | The budget |
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 |
Author: | Bamba [ Wed Mar 11, 2020 15:37 ] |
Post subject: | Re: The budget |
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? |
Author: | myp [ Wed Mar 11, 2020 15:43 ] |
Post subject: | Re: The budget |
Magic money tree |
Author: | Kern [ Wed Mar 11, 2020 15:46 ] |
Post subject: | Re: The budget |
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. |
Author: | Squirt [ Wed Mar 11, 2020 15:47 ] |
Post subject: | Re: The budget |
The UK government can currently borrow money at less than the rate of inflation. It essentially does have a magic money tree. |
Author: | JBR [ Wed Mar 11, 2020 17:25 ] |
Post subject: | Re: The budget |
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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