UK pre budget report

[Lazy Lob]

Gordon Brown knows that the likelihood of Labour losing the May elections is big. His and Darling’s pre budget report is out a bit later on today and it seems that Labour are on a slash and burn spree to make sure the Tories have a nasty time in office. Raw politics that, we Joe Public will have to pay for.

What a mess.

[Mr Gently Benevolent]

Makes no difference really as the Tories are planning there own slash and burn of public projects and spending.

[Imp]

I'm no expert, but isn't a "slash and burn of spending" like, umm, totally needed? You know, unless of course Britain finds a couple hundred billions pounds lying around somewhere.
Of course, the slashing and burning will be of the military budget, and other actually important things, instead of the bottomless pit of welfare, health and pensions. Reforming those things would actually be of use, but no politician has the brains or the balls to do it.

[Lazy Lob]

I wasn’t referring to the spending cuts. They are vital. They shouldn’t have gone on such a spending binge anyway. I’m no fan of the bankers but when Labour lent them our money they should have imposed more stringent conditions. Now they want to tax these tossers at 50% on any bonus above £25,000. A lot are going to jump ship as have quite a few companies.

Will City survive as a major financial centre?

National insurance up as well. Our economy has contracted 4.75% I think and they expect we’re going to grow 1.5% next year. Bollocks. Seems we’re very close to the edge of a very lengthy and painful recession. If they’re not careful they’re going to destroy the little tax base we still have.

[a_very_ex_STAB]

If you like a good laugh - Gordon Brown's 2007 budget was in the Daily Telegraph online today.

A read of that 2 years on gives a pretty good idea what planet our ZaNuLiabour leaders are on ;-)

[gazell]

I am under the sad impression that extremist left, call it whatever, are overtaking Europe, there is not much difference between parties - that might well have to do with there is the same power behind them all -, so no, I do not hope for much of a difference.

That shall come from public discontent if it carries on like that and it won't be pleasant.

I hope, I am so wrong.

[coltfan111]

If you like a good laugh - Gordon Brown's 2007 budget was in the Daily Telegraph online today.

A read of that 2 years on gives a pretty good idea what planet our ZaNuLiabour leaders are on ;-)

Yer ,made me laugh and cry.

[Flagg]

I wasn’t referring to the spending cuts. They are vital. They shouldn’t have gone on such a spending binge anyway. I’m no fan of the bankers but when Labour lent them our money they should have imposed more stringent conditions. Now they want to tax these tossers at 50% on any bonus above £25,000. A lot are going to jump ship as have quite a few companies.

Will City survive as a major financial centre?

National insurance up as well. Our economy has contracted 4.75% I think and they expect we’re going to grow 1.5% next year. Bollocks. Seems we’re very close to the edge of a very lengthy and painful recession. If they’re not careful they’re going to destroy the little tax base we still have.

I'm afraid the next 10 years for the UK will make the worst of the 70's/80's look pleasant by comparison....especially since the North Sea is not available to save Thatcher's economic @ss.

There's just no avoiding the eventual pain.......delaying it will soon no longer be an option.

Will Brown be held at least morally and ethically accountable(if not legally) for handing over the reigns of what can only be described as a somewhat intentionally sabotaged nation?

His time as Exchequer, performing the bidding as the #1 b!tch of the false UK FIRE economy, and selling the UK's Gold at a longterm low can only be called ignorant, stupid, retarded, and reckless.

But his more recent efforts to paint the next opposition government into a tiny corner can only be described as criminally irresponsible.

Many around the world have complained about Bush(some with good reason and eloquence), but I think the case against Brown is even easier to make.

Over the next decade, the economic decline of the UK could impact us all.

What's going to happen to the UK's permanent security council vote as it declines relative to it's developing world peers?

What's going to happen to the UK's often undervalued diplomatic and intelligence capabilities?

What's going to happen to the often undervalued and underleveraged Commonwealth if it's centre of gravity is a geopolitical equivalent of a compulsive lying crack whore?

Tough times ahead.....I sincerely hope they are faced head on with effective leadership focused on the long-term.

[Lazy Lob]

Will Brown be held at least morally and ethically accountable(if not legally) for handing over the reigns of what can only be described as a somewhat intentionally sabotaged nation?

This is the danger in the modern media/spin age. Lies are told and forgotten as the latest news muffles the previous lies. The question is:

How could politicians be held accountable for their actions. This man has destroyed the last remnants of a nation singlehandedly. He has put in power an unprecedented number of unelected people and pissed about like tw@t with lead soldiers. Lies and double speak are his only tools.

We are totally buggered and we are in a state of denial. I was hearing Gordon's and Darling's verbal diarrhoea this afternoon when we were compared to Spain. I thought "how could he with the sodding nutter they've put in power". Brown is this nutter's cousin.

We have scraped the last dregs from the bottom of the barrel, and as you said we've no safety net this time. No empire, no oil, no industry.

[Kilgor]

Children of Men - documentary.

[Mr Gently Benevolent]

Will City survive as a major financial centre?

National insurance up as well. Our economy has contracted 4.75% I think and they expect we’re going to grow 1.5% next year. Bollocks. Seems we’re very close to the edge of a very lengthy and painful recession. If they’re not careful they’re going to destroy the little tax base we still have.London and to some extent New York investment banking sectors will not survive in their present form pretty much because western capital markets have peaked. There is nothing any government can do to stop the investment banking sector drifting Eastwards its really a case of follow the money and the money is no longer in the mature and somewhat spent US and Euro economies. Given that Goldman Sachs maybe thinking of a float in China to get them in the front door of the Chinese debt markets the situation looks even worse for us as that would free up many of the Chinese banks who have presently been funding large corporations and allow them to focus on the small and medium sized businesses and fuel Chinese economic growth even further. All the UK will be left with in the next 20 years is a retail banking sector and probably a decent share of the foreign exchange market. There is no saying that this is the way of things forever but it looks like we have seen the best of the UK financial industry in our lifetime.

Some reading material: www.mckinsey.com/locations/.../Global_Capital_Markets_Sept_2009.pdf

[Connaught Ranger]

I doubt it will be as severe as the one just inflicted on the citizens of the Irish Republic by their political overlords.rofl

[CMNot]

Turns out through some quirk of genealogy that my father could claim Australian citizenship through his father/grandfather. Now that he has an Australian passport, I reckon I've got a good shot at one.

I hear the Gold Coast is nice this time of year.

UK, it's ****ed. Yes I am the master of understatement. Tony and Gord may Madge look like saintly. We would have been better off under Operation Sealion than under these ****s.

Remember, guilty until proven innocent. Ya bunch of pedos.

ON TOPIC: Good. Education, defence, central Government, local Government, health. All of it needs the sword.


I am under the sad impression that extremist left, call it whatever, are overtaking Europe

Is this a waaaaah?

Centrist politics is what has been killing us for the past 12 years. I loathe Old Labour, but better the devil you know...


http://img.photobucket.com/albums/v600/Preacher_01/Demon_Eyes_2006.jpg

[gazell]

We would have been better off under Operation Sealion than under these ****s.

Haha, I was just thinking that.


Centrist politics is what has been killing us for the past 12 years. I loathe Old Labour, but better the devil you know...Is it centrist? I shall stand corrected in that case. I'm confused these days with old terminology for parties, it does not seem to fit.

[a_very_ex_STAB]

Haha, I was just thinking that.

Is it centrist? I shall stand corrected in that case. I'm confused these days with old terminology for parties, it does not seem to fit.

What is mean't by the term 'centrist' in relation to current UK politics is an 'ideology-free', multicultural, politically correct, EUrophile consensus between the 3 main parties and the mainstream media which is used to stifle all debate on issues that most of the population would like to have hotly debated as they watch helplessly as the ship of state that is currently crewed by the aforementioned fools goes over the waterfall.

Hope that clears things up :-)

[gazell]

What is mean't by the term 'centrist' in relation to current UK politics is an 'ideology-free', multicultural, politically correct, EUrophile consensus between the 3 main parties and the mainstream media which is used to stifle all debate on issues that most of the population would like to have hotly debated as they watch helplessly as the ship of state that is currently crewed by the aforementioned fools goes over the waterfall.

Hope that clears things up :-)

Yes, who is not centrist then, tirara...

[Lazy Lob]

London and to some extent New York investment banking sectors will not survive in their present form pretty much because western capital markets have peaked. There is nothing any government can do to stop the investment banking sector drifting Eastwards its really a case of follow the money and the money is no longer in the mature and somewhat spent US and Euro economies. Given that Goldman Sachs maybe thinking of a float in China to get them in the front door of the Chinese debt markets the situation looks even worse for us as that would free up many of the Chinese banks who have presently been funding large corporations and allow them to focus on the small and medium sized businesses and fuel Chinese economic growth even further. All the UK will be left with in the next 20 years is a retail banking sector and probably a decent share of the foreign exchange market. There is no saying that this is the way of things forever but it looks like we have seen the best of the UK financial industry in our lifetime.

Some reading material: www.mckinsey.com/locations/.../Global_Capital_Markets_Sept_2009.pdf

One thing is the markets dictating their own evolution another is a government actively destroying a cash cow for political reasons.

[Mr Gently Benevolent]

One thing is the markets dictating their own evolution another is a government actively destroying a cash cow for political reasons.Although I don’t like the idea of the punitive one off tax I do feel bankers were given lots of opportunity to show some
humility but hey no joy there after we bailed them out and continue to support them they still wanted to pay massive bonuses. I admire the way Goldman have dealt with issue in the US and strive to avoid public animosity by deferring cash payments and paying bonuses in equity. Alexander Hoare of C. Hoare has some interesting things to say on bankers bonuses and how the rewards have been skewed for years, Cameron seems to feel that Labour have not went far enough with punitive actions against bankers I don’t know if he really serious about much more stringent controls on banks or nothing more than point scoring but this could be the end of the Conservative laissez-faire attitude to finance. On a side note; the Conservatives may still be smarting after investment bankers dropped support for the Tories and many big donators fled to Labour and the Liberals they even lost one of their most connected former city boys MP Quentin Davis to Labour.

[Lazy Lob]

Although I don’t like the idea of the punitive one off tax I do feel bankers were given lots of opportunity to show some
humility but hey no joy there after we bailed them out and continue to support them they still wanted to pay massive bonuses. I admire the way Goldman have dealt with issue in the US and strive to avoid public animosity by deferring cash payments and paying bonuses in equity. Alexander Hoare of C. Hoare has some interesting things to say on bankers bonuses and how the rewards have been skewed for years, Cameron seems to feel that Labour have not went far enough with punitive actions against bankers I don’t know if he really serious about much more stringent controls on banks or nothing more than point scoring but this could be the end of the Conservative laissez-faire attitude to finance. On a side note; the Conservatives may still be smarting after investment bankers dropped support for the Tories and many big donators fled to Labour and the Liberals they even lost one of their most connected former city boys MP Quentin Davis to Labour.

I have nothing but sheer contempt for all of Westminster regardless of stance (mind you try and spot the difference between one lying git and another) and above all the bankers but I do feel Brown could have instituted more controls at the very beginning when he lent them our money.

This is out today:

http://www.timesonline.co.uk/tol/news/politics/article6954613.ece

Hundreds of bosses flee UK over 50% tax

This measure doesn’t differentiate between bankers or entrepreneurs.
As I’ve said before I feel Brown has and is destroying the UK’s financial base at an ever increasing rate. He is inept to the n’th degree.