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submitted 3 months ago* (last edited 3 months ago) by FuckyWucky@hexbear.net to c/the_dunk_tank@hexbear.net

She also plans to stop non-essential spending on consultants and sell off surplus property.

She means privatisation.

Those findings led the government to accuse the Conservatives of making significant funding commitments for this financial year “without knowing where the money would come from”.

You ask the Central Bank to type in some numbers that's how. You can at the same time increase taxes on the rich so they can't buy shit or hoard their wealth.

And despite billions spent to house migrants and combat the criminal gangs ferrying migrants across the English Channel on dangerous inflatable boats, the number of people making the crossing is still rising, Starmer’s office said.

hitler-detector

“The assessment will show that the UK is broke and broken — revealing the mess that populist politics has made of the economy and public services,” Downing Street said in a statement.

UK households and state assets are broken and broke because of austerity, not because the Government was spending too much or taxing (the poor) too little.

“The assessment will show that the UK is broke and broken — revealing the mess that populist politics has made of the economy and public services,” Downing Street said in a statement.

"Populist politics" they're referring to not increasing taxes on the poor.

  1. They refuse to increase spending by creating new money because it'll hit their City of London imposed rules.

  2. They refuse to raise taxes on the rich because they work for them.

  3. Because they can't increase spending without pushing the deficit beyond their self imposed limits or raise taxes on the rich to give them more room within their limits, the only "solution" is to tax the poor.

  4. Taxing the poor is ridiculous not just because they don't make much money but also due to reduction in total demand. With people having less money, stuff won't sell and capitalists will start firing workers etc....

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[-] Saeculum@hexbear.net 8 points 3 months ago

Of course they refused to ever get specific about what they were actually going to do to plug the £20bn deficit.

They did provide specifics though. Chief amongst them was bringing the rate of capital gains tax to parity with income tax, which is a direct tax on the wealthy.

[-] PKMKII@hexbear.net 13 points 3 months ago* (last edited 3 months ago)

That definitely is a good thing. However, the fact that they’re coming at it from the balanced “government as household” budget argument means the well is fundamentally poisoned. As long as they’re working from this idea that deficit spending means the country goes broke, there will always be a choke on social spending, let alone something more radical like nationalization, because the sky will fall if they don’t “find a way to pay for it.”

This isn’t left or center left economics, this is what conservative economics used to be.

[-] shitholeislander@hexbear.net 7 points 3 months ago* (last edited 3 months ago)

give it a week or two for them to roll this back after some investment bankers make some phone calls

this post was submitted on 29 Jul 2024
75 points (100.0% liked)

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