Well its that time of the year again when we can look forward to everything we like going up, like beer,wine,ciggies,petrol etc etc.

 

This may be the most important budget for decades, but it looks like it will cost us plenty if we are in work.

 

He will have to plug the borrowing one way or another, so either he puts up income tax (vote loser), or he cuts public expenditure (vote loser) or he puts up stealth taxes (no one notices till too late).

 

So what do we expect our competent Government to come up with?

I swear to god, if they push bloody Petrol tax up to pay for the damn banks :angry:

 

We get ripped off as it is for bloody petrol, Australia gets it for half the price we do! <_<

Darling as of late has been introducing these budgets, pumping money into the economy or whatever he's doing, which reminds me of Roosevelt, and guess what, it didn't work.

 

As stupid as it sounds, I think for the time being the government needs to stop trying to solve recession. Stabilize the banks, try and reduce levels of unemployment then tackle the problem. Either way, we'll always get out of recession, but it kinda just happens, I can't recall many incidences where someone has actually solved economic crisis's' single-handedly..

Any way you look at the budget its not gonna be good for us just in general and its not really going to help the economy become stable again.

 

Its lose-lose.

What ever happens, it's quite likely to end up driving Labour out and the Torries in, so a lose-lose-lose :(

What ever happens, it's quite likely to end up driving Labour out and the Torries in, so a lose-lose-lose :(

And of course each government just seems to make everything worse and worse :( Labour made all the mistakes in the 70's then Thatcher made it worse then Blair and Brown lied to us all and just carried everything on! I certainly can't see Cameron making anything much better.. If the Lib Dems weren't such wimps then maybe they'd have a chance but it seems it's not going to get any better in the near future. Even once Obama gets a couple of years to do what he wants in America I'm sure the world will still not be any better than it is now.

as per usual..... fags, drink, petrol... <_<

And of course each government just seems to make everything worse and worse :( Labour made all the mistakes in the 70's then Thatcher made it worse then Blair and Brown lied to us all and just carried everything on! I certainly can't see Cameron making anything much better.. If the Lib Dems weren't such wimps then maybe they'd have a chance but it seems it's not going to get any better in the near future. Even once Obama gets a couple of years to do what he wants in America I'm sure the world will still not be any better than it is now.

In what way do you think the Lib Dems are wimps?

Darling as of late has been introducing these budgets, pumping money into the economy or whatever he's doing, which reminds me of Roosevelt, and guess what, it didn't work.

 

As stupid as it sounds, I think for the time being the government needs to stop trying to solve recession. Stabilize the banks, try and reduce levels of unemployment then tackle the problem. Either way, we'll always get out of recession, but it kinda just happens, I can't recall many incidences where someone has actually solved economic crisis's' single-handedly..

Just LOL at this post. Keynes pretty much proved in the 30s that Roosevelt was right - the only problem was that certain organisations were doing differently to what they said they were doing, and actually saving when they said they were spending, hence why most of his work was ineffectual. Keynes proved the view that recession are like bad weather - i.e. just sit them out - wrong, and demonstrated it through the paradox of thrift. As consumers see times are getting harder, they sensibly cut back on spending which leads to further economic downfall - what is sensible for the individual isn't sensible for society. Therefore the government needs to step in and plug the gap...and I think stabilising the banks counts as trying to solve the recession? :P Everything you're saying is a method of trying to get out of the recession! This is just damage limitation...

 

Oh, and budgets happen every year in case you didn't notice :P

The stimulus package down under would have been so much better than the vat cut.

 

K Rudd gave every Aussie who'd earnt over a specific amount a $900 check

 

Most aussies got it, it was mainly the under 18's that didn't. Everyone was encouraged to go out and spend it in Aussie shops to buy Aussie products.

 

So, in effect he gave people $900 to spend on a shopping spree. Which is pretty good for the economy

Wouldn't that lead to inflation though as shops realise everyone's suddenly got $900 to spend? :lol:

$900 isn't very much, it's only £450.

 

Some spent it on holidays and some put it in savings.

 

STA Travel on capus are advertising stimulus packages, the main one is a $730 week long skiing trip to New Zeeland. Most shops that sell expensive things like white goods and pc's have put together special offers that are $900 and under to try and shift what they've got

Ah yes, that's why I wouldn't have thought it would work - I'm shocked not more put it in savings tbh :lol:

Australia still aren't officially in recession, and depending on what happens in the UK and the US over the next few months they might not reach an official recession.

 

The Reserve bank says Aus basically is, but things can change to improve Australia's situation depending on what happens in the UK/USA

In what way do you think the Lib Dems are wimps?

Well when we got involved in the war in Iraq they had a big chance to really stand up and be counted and say we shouldn't go but they did nothing, they decided to get rid of their best leader in ages because he liked his drink and replace him with someone who young voters (who they really need to reach to) just couldn't connect with (Campbell). They've always been my favourite out of the three parties but everytime I think they may be getting somewhere they always seem to bugger it up and having Clegg isn't making me think they have any chance of getting anywhere this time hence why I'm reluctantly swinging towards Labour as the thought of David Cameron being Prime Minister is just haunting really.

Ah yes :lol: That's why it wouldn't have worked here...although the VAT cut made no economic sense to me tbh. It's not like a few pennies off has much of a multiplier effect on the nation...

Well when we got involved in the war in Iraq they had a big chance to really stand up and be counted and say we shouldn't go but they did nothing, they decided to get rid of their best leader in ages because he liked his drink and replace him with someone who young voters (who they really need to reach to) just couldn't connect with (Campbell). They've always been my favourite out of the three parties but everytime I think they may be getting somewhere they always seem to bugger it up and having Clegg isn't making me think they have any chance of getting anywhere this time hence why I'm reluctantly swinging towards Labour as the thought of David Cameron being Prime Minister is just haunting really.

I think you'll find that every Lib Dem MP voted against the war in Iraq. They took every opportunity to stand up and say we shouldn't go.

I notice they used the Budget today to release the 12 men without charge held over the supposed Manchester terror plot ^_^

I notice they used the Budget today to release the 12 men without charge held over the supposed Manchester terror plot ^_^

If the decision was made before today, that would be a disgraceful piece of news manipulation (by the police, not the government). However, if the decision was only made today, I hope you're not suggesting that they should have been held for a further 24 hours.

Just LOL at this post. Keynes pretty much proved in the 30s that Roosevelt was right - the only problem was that certain organisations were doing differently to what they said they were doing, and actually saving when they said they were spending, hence why most of his work was ineffectual. Keynes proved the view that recession are like bad weather - i.e. just sit them out - wrong, and demonstrated it through the paradox of thrift. As consumers see times are getting harder, they sensibly cut back on spending which leads to further economic downfall - what is sensible for the individual isn't sensible for society. Therefore the government needs to step in and plug the gap...and I think stabilising the banks counts as trying to solve the recession? :P Everything you're saying is a method of trying to get out of the recession! This is just damage limitation...

 

Oh, and budgets happen every year in case you didn't notice :P

Hush :heehee: I personally just find that everything the British Government have done so far/trying to do is pretty pointless.