Thoughts on the budget

[davywavy]

Well, that's the economy rescued, then. *Phew*

Incidentally, since you started reading this post the UK national debt has risen by over £5,000.









Oh, and again.









Yup, that's another five grand right there. I hope your grandchildren are hard working.

Comments

[riksowden.livejournal.com]

I missed the budget due to getting a review at work - what are the highs and lows?

[davywavy.livejournal.com]

Well, booze & fags will be more expensive, decent tax accountants are going to make a killing, and borrowing will rise by a further £175,000,000,000 this year.

So we may expect the recession to take the message and tootle off any minute now.

[rssefuirosu.livejournal.com]

I believe the highs are debt for the next forever, and the lows are national morale.

[robinbloke.livejournal.com]

Also fuel is going up by 2p in September then yearly 1p rises in April.

[davywavy.livejournal.com]

Did you notice the clever way they racked up the price of booze just before St George's Day?

[(Anonymous)]

Are you kinda hoping some of your brane dead socilaist apologist associates will pop their heads over the parapet for us to vent our righteous fury at?

I don't think they will.

[diamondkelt.livejournal.com]

Welcome to the jungle? lol

Tell us oh Great One how does this work then?

[(Anonymous)]

As someone who's Degree theoretically includes Economics, I have often wondered:

Who exactly does the Govt. borrow money from? When Darling says "can I have 175 thousand million please, and you can have the population of Salford as Slaves if I don't pay you back before next Tuesday" Who is he asking? And in what form does he get the the Wonga? Is it a bloke called Le Chiffre with a large pile of gold?

D

Re: Tell us oh Great One how does this work then?

[(Anonymous)]

I believe he's asking Robert Mugabe to print it out for us.

If that doesn't work then there is a little stratagem known as cap-in-hand-to-the-imf......

Re: Tell us oh Great One how does this work then?

[(Anonymous)]

Who was silly enough to give the IMF the dough?

D

[raggedyman.livejournal.com]

Are you suggesting that borrowing your way out a crisis that was caused by excess borrowing may not have been the best plan ever? Dear lord, next your going to say that firemen shouldn't run around with flame-throwers.

[(Anonymous)]

What, and 'eat yourself thin' might not be the best way to lose weight?

[thegreenman.livejournal.com]

"I hope your grandchildren are hard working"

I wisely decided not to breed....

[applez.livejournal.com]

Nah, just depreciate to the point that our grandchildren will pay £5,000 for a loaf of bread, and it'll all be okay. ;-)

[davywavy.livejournal.com]

Wierdly, gold prices have been very stable the last few days. I suspect that deflationary expectation is already in the price.

Guido has a theory about the gold, if you noticed

[(Anonymous)]

"Gordon has convinced fellow members of the IMF to sell the fund’s gold reserves, this visibly holds down the gold price as the relative value of paper money is destroyed."

H

Re: Guido has a theory about the gold, if you noticed

[davywavy.livejournal.com]

I can't see what he could possibly have said to get them to sell, though. You'd have to be a madman to sell gold at the moment. If true, though, I should buy some more whilst someone is being stupid enough to flog it.

[mrmmarc.livejournal.com]

50p in the £ tax rate for the 'ultra rich'?

*blinks*

About the lovely Mr. Darling.
I have had it in mind for a while now that the man is a moron.
I mean really...

No offense to anyone, but he is not the brightest spark in the room.
Oooo, he is usually honest... that's WHY he got the job you know.
They gave it to the guy who was least likely to bullshit ("We needs someone who people will BELIEVE!")
Intelligence was never part of the job.

I mean, sure he can like... you know... walk and chew gum and stuff... but he is NO MENSA member yeah?

And the truth is...

the 50p tax rate is the biggest piece of crap I have seen in ages. A symbolic gesture that is put there ONLY to cover the fact that they are about to mullah all public spending.

(looks around)
That's it- I am so out of this country...

[(Anonymous)]

Did you follow the FT liveblog of the budget? It was highly entertaining, a bunch of tax accountants and financial journalists getting progressively more sarcastic. "Oh here he comes, eight minutes in and we have the words 'global downturn'" "I've got a spread bet on how often he uses the phrase 'hard working families'" And when they announced the 50% rate the Price Waterhouse man said, and I mean as an immediate, knee-jerk, reflex reaction, without having to think, "Expect a lot of bonuses between now and next April."

H

[vulgarcriminal.livejournal.com]

You know, I enjoy feeling smug. I mean, I have little faith in our current government's plan actually working, but Obama is brown, and NOT Brown.

That makes me happy.

For god's sake go......

[(Anonymous)]

http://petitions.number10.gov.uk/please-go/#detail