Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Nickbat on 17 January 2011, 16:17:27
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... I really thought that the Coalition government was cutting spending to deal with the deficit.
Er, no. They're still spending like mad.
http://www.johnredwoodsdiary.com/2011/01/17/deficir-reduction-and-cuts/
So what about the deficit?
"The main weapons to tackle the deficit will be the higher VAT rate, higher fuel duties, higher National Insurance, and the estimated increased taxes from growth and inflation."
They really couldn't run a pi**-up in a brewery could they? ::) ::) >:(
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....not to mention the £200,000,000 (yes, that`s two hundred million pounds!) that they`ll have to pay NOT to continue with the Nimrod programme.....The same money that would`ve been used to complete `planes will now have to be spent on closing the project down (incl. paying contractual compensation to BAE)......evidently, dismantling of 9 of the very-nearly complete `planes is now well underway!!!! :o
......500 highly skilled men out of work, and we`ll still be without an airborne early warning/patrol system and will have to contract-in another country`s technology/planes/crews.....what a great idea, bringing great savings: not! >:(
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They really couldn't run a pi**-up in a brewery could they? ::) ::) >:(
Yes I quite agree Nick. As far as I can see this country has not been served at all well by recent governments.
Very much a case of the tail wagging the dog in terms of the self-interest shown by many politicians, public servants and those in the private sector.
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The Coalition could not slap on the brakes instantly to stop spending. Blimey wouldn't that have caused a stink amongst you all as hundreds of thousands of people lost their jobs as the money stopped flowing!!
No, the Coalition are doing the saving over a long term period, although a shorter period than Labour would have done, so no real savings will be apparent yet.
If in 18 months time the spending has still not decreased, then raise the issue, but it is far too early yet to see the results. We are certainly far better off already as a country on the world stage by not having Labour still in power ! ;) ;) ;)
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And they are being paid to do all this??????? :( :( :( >:( >:(
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The Coalition could not slap on the brakes instantly to stop spending. Blimey wouldn't that have caused a stink amongst you all as hundreds of thousands of people lost their jobs as the money stopped flowing!!
No, the Coalition are doing the saving over a long term period, although a shorter period than Labour would have done, so no real savings will be apparent yet.
If in 18 months time the spending has still not decreased, then raise the issue, but it is far too early yet to see the results. We are certainly far better off already as a country on the world stage by not having Labour still in power ! ;) ;) ;)
The point is they have increased spending! Sorry, Lizzie, but I put the Cleggerons firmly into the "useless" tray. >:(
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The Coalition could not slap on the brakes instantly to stop spending. Blimey wouldn't that have caused a stink amongst you all as hundreds of thousands of people lost their jobs as the money stopped flowing!!
No, the Coalition are doing the saving over a long term period, although a shorter period than Labour would have done, so no real savings will be apparent yet.
If in 18 months time the spending has still not decreased, then raise the issue, but it is far too early yet to see the results. We are certainly far better off already as a country on the world stage by not having Labour still in power ! ;) ;) ;)
People still don't get it! Just because the government of the day has changed the mandarins actually still in power (continously) feed the government ministers "crap" and they in turn then base policy on that. Why hasn't the architect of the Nimrod programme been sacked. Why hasn't the government minister behind the latest Condem change been sacked? Answer , we the people CANNOT sack these HIGHLY paid morons who waste OUR money with gay abandon. Next petrol prices will be rising to pay for it. :y
PS It has gone up here another 2% since last week. Grim City..............
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simple mistake to make, but due to the lower standard of education south of the border allow me to explain:
current spending as the right honourable John "Spock" Redwood helpfully shows us, is up - it has to be its things like medicines, text books and salaries so a month by month figure is hardly going to decrease is it? even if you let thousands of workers go - you're still paying them until they leave. as for medicine i dont recall that being affected in the spending review, or did i miss the report that stated our increasing and more elderly population need less medication? :o
i think you and Spock have forgotten about capital spending you know, the big stuff - schools, hospitals, roads, etc :y
you're welcome ::)
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simple mistake to make, but due to the lower standard of education south of the border allow me to explain:
current spending as the right honourable John "Spock" Redwood helpfully shows us, is up - it has to be its things like medicines, text books and salaries so a month by month figure is hardly going to decrease is it? even if you let thousands of workers go - you're still paying them until they leave. as for medicine i dont recall that being affected in the spending review, or did i miss the report that stated our increasing and more elderly population need less medication? :o
i think you and Spock have forgotten about capital spending you know, the big stuff - schools, hospitals, roads, etc :y
you're welcome ::)
Patronising stuff as usual, Banjax. I don't think this has anything to do with medicines and textbooks. The coalition announced, to great fanfare, big cuts in spending. As Debs has pointed out, this included capital projects like Nimrod, and I know for a fact that a number of schools have had their capital projects scrapped. However, public spending is still increasing and is set to continue to increase to £739.9bn in 2015 from £689.5bn in 2011.
You're welcome. ::) ::) ::)
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Do those figures take into account inflation? (No, it's an honest question!)
Because surely inflation alone on £685b is an increase of some £20b per year?
If the figures are inflation-adjusted then that makes that point null and void, of course.. either that or I just don't understand numbers (entirely possible)
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Do those figures take into account inflation? (No, it's an honest question!)
Because surely inflation alone on £685b is an increase of some £20b per year?
If the figures are inflation-adjusted then that makes that point null and void, of course.. either that or I just don't understand numbers (entirely possible)
Fair point. I'm unsure whether these government projections are in "real terms" (i.e adjusted for inflation) or not. Either way, it sure doesn't look like they are cutting public spending - which the majority of people expected them to do - to tackle the debt mountain. :y
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Tbh, this Govt. is performing even worse than I thought it would. The only consolation is the fact that I cant imagine it possible that they will do worse than the last lot, who were imo undoubtedly the worst Govt of the last century.
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simple mistake to make, but due to the lower standard of education south of the border allow me to explain:
current spending as the right honourable John "Spock" Redwood helpfully shows us, is up - it has to be its things like medicines, text books and salaries so a month by month figure is hardly going to decrease is it? even if you let thousands of workers go - you're still paying them until they leave. as for medicine i dont recall that being affected in the spending review, or did i miss the report that stated our increasing and more elderly population need less medication? :o
i think you and Spock have forgotten about capital spending you know, the big stuff - schools, hospitals, roads, etc :y
you're welcome ::)
Patronising stuff as usual, Banjax. I don't think this has anything to do with medicines and textbooks. The coalition announced, to great fanfare, big cuts in spending. As Debs has pointed out, this included capital projects like Nimrod, and I know for a fact that a number of schools have had their capital projects scrapped. However, public spending is still increasing and is set to continue to increase to £739.9bn in 2015 from £689.5bn in 2011.
You're welcome. ::) ::) ::)
well at the end of the day public spending never really goes down and as we hit the baby boomers retirement age there is always ´going to be this problem and if you think a new government is going to change that then you need to wake up but cutting things that are already too far gone in the contract is incorrect and government seem to have a good grasp on this!! the biggest scariest thought is as the demographic goes down, which it inherrantly is what kind of pension do you forsee in the future?
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what about that stupidly huge amount we give china (so i have heard?) i was told it something close to the £billion's
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simple mistake to make, but due to the lower standard of education south of the border allow me to explain:
current spending as the right honourable John "Spock" Redwood helpfully shows us, is up - it has to be its things like medicines, text books and salaries so a month by month figure is hardly going to decrease is it? even if you let thousands of workers go - you're still paying them until they leave. as for medicine i dont recall that being affected in the spending review, or did i miss the report that stated our increasing and more elderly population need less medication? :o
i think you and Spock have forgotten about capital spending you know, the big stuff - schools, hospitals, roads, etc :y
you're welcome ::)
Patronising stuff as usual, Banjax. I don't think this has anything to do with medicines and textbooks. The coalition announced, to great fanfare, big cuts in spending. As Debs has pointed out, this included capital projects like Nimrod, and I know for a fact that a number of schools have had their capital projects scrapped. However, public spending is still increasing and is set to continue to increase to £739.9bn in 2015 from £689.5bn in 2011.
You're welcome. ::) ::) ::)
Thanks :y
Being called "patronising" by Nickbat - isn't that a bit like Paul Daniels calling you annoying? ;D
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To further expand on my earlier post, I will say that for those of us who have managed very large commercial operations in a "business", knows it takes at least 6 months to settle into your new role and get a handle on what the previous incumbant has been doing, let alone turn the business around. A Chairman of our company once put it into these words for me; "it takes a huge amount of energy and time to turn a supertanker around from its previous course, and turning a large business around is the same!"
You get to know the P & L, along with balance sheets, relatively quickly, but to organise a proper and effective way forward takes planning over far longer than a few hours!
The Coalition has been in power just over 7.5 months, and their six months settling in period is up, but to start to turn around the colossal and complex business of UK plc will take considerably more time.
For those who have never been in a senior position within a huge international company you perhaps cannot understand what it takes, but believe me to turn around the UK economy and show positive results will take time. Up to 18 months I estimate!
Be patient, have faith, and go with it. If in 18 months the situation is no better, then I will be one of the first to shout loudly, but not yet! ;) ;) ;)
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Imo interest rates need to start rising quickly, or we are going to be in more trouble with high inflation.
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Imo interest rates need to start rising quickly, or we are going to be in more trouble with high inflation.
Seems like the Bank Of England are starting to discuss that possibility Albs , and many financial experts are also forecasting they will rise.
There are far too many people who are now seeing their savings producing next to no return, but rising inflation is eroding their capital :'( :'( :'(