tag:blogger.com,1999:blog-6214838.post1974644222507093424..comments2024-03-04T17:54:32.559+00:00Comments on Iain Dale's Diary: Budget Open ThreadIain Dalehttp://www.blogger.com/profile/03270146219458384372noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-6214838.post-26350595543418779262009-04-23T12:54:00.000+01:002009-04-23T12:54:00.000+01:00Yes, plonker!
John *Maynard* Keynes.
Agree with ...Yes, plonker!<br /><br />John *Maynard* Keynes.<br /><br />Agree with you about Laffer, tho'.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-71435778822990291722009-04-23T10:39:00.000+01:002009-04-23T10:39:00.000+01:00Forgot to mention - If John Milton Keynes was aliv...Forgot to mention - If John Milton Keynes was alive today he'd be turning in his grave.Major Plonquerhttp://plonquer.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-33735468025352639612009-04-23T08:09:00.000+01:002009-04-23T08:09:00.000+01:00Why such a focus only on the economics in the Budg...Why such a focus only on the economics in the Budget - as though it was the only game in town? <br /><br />I think I must be the only person who noticed that Alistair Darling's trimmed his eyebrows. Now he no longer looks like Groucho Marx, although he sounds increasingly like the other Marx Brother, Karl.<br /><br />Laffer described the point T* as the optimum point of taxation on his infamous Curve. Alistair Dalek has changed that. Read the mathematical treatise on my blog for the REAL truth behind the budget figures.<br /><br />And next Budget, pay attention.Major Plonquerhttp://plonquer.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-80151308304318246122009-04-22T19:12:00.000+01:002009-04-22T19:12:00.000+01:00Alex Williams. Yes but this is no ordinary recessi...Alex Williams. Yes but this is no ordinary recession, this is a Gordon Brown recession...<br />Z.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-59737496660939522842009-04-22T15:28:00.000+01:002009-04-22T15:28:00.000+01:00"We used to think that you could spend your way ou..."We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step." <br /><br />Jim Callaghan, Speech to Labour Conference, 1976.Alex Williamshttp://jatwilliams.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-11362328622092169282009-04-22T15:15:00.000+01:002009-04-22T15:15:00.000+01:00A city banker said that reading the small print - ...A city banker said that reading the small print - gilt sales are likely to be £260 billion.<br /><br />Sigh - Anam Boulton has just called cable 'widely respected'.<br /><br />cable did demolish the budget.<br /><br />Basically there is no roadmap out of debt from this budget.<br /><br />Car scrappage -- its 1000 from govt 1000 from industry and industry have to do paperwork and disposal.<br /><br />its a waste of space which is just as well as it will only help the east europe car industry and the Korean industry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-1242583468683516122009-04-22T14:56:00.000+01:002009-04-22T14:56:00.000+01:00So where was the " I will save £180 billion at a s...So where was the " I will save £180 billion at a stroke by dissolving all Quangos"? This public spending is absolutely ridiculous and will saddle our children and theirs with colossal debts.Dr Evilhttps://www.blogger.com/profile/00176521760477086914noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-27969688835264347382009-04-22T14:45:00.000+01:002009-04-22T14:45:00.000+01:00Am I right in thinking that the Treasury have acc...Am I right in thinking that the Treasury have accused the IMF of getting their figures wrong?<br />Pot,kettle and black spring to mind.Will Brown/Balls ever get it right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-48552260027197795902009-04-22T14:43:00.000+01:002009-04-22T14:43:00.000+01:00Re the 2K for old cars - who scraps it, motor deal...Re the 2K for old cars - who scraps it, motor dealer or punter? Who checks that it actually HAS been scrapped?? More bureacracy and plenty of scope for the unscrupulous to mint it. Lunacy and a strange sense of priorities.Pam Nashhttps://www.blogger.com/profile/07371835641538430316noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-28875362724815903912009-04-22T14:39:00.000+01:002009-04-22T14:39:00.000+01:00I'm an optimist, so I'll pick out the only thing I...I'm an optimist, so I'll pick out the only thing I liked in an otherwise sh*7 budget. The increase in the ISA allowance; I wish it was this year, but I'm not 50 yet...VJnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-51484987574792502482009-04-22T14:28:00.000+01:002009-04-22T14:28:00.000+01:00An irrelevant, tired and trivial Budget from an ir...An irrelevant, tired and trivial Budget from an irrelevant, tired and trivial Government.Lord Dickiehttps://www.blogger.com/profile/11695189296705925333noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-78366462260958898172009-04-22T14:26:00.000+01:002009-04-22T14:26:00.000+01:00We've seen some pretty rubbish budgets in the last...We've seen some pretty rubbish budgets in the last few years but this really takes the cake.<br /> The 'Do Nothing' budget of April 2009 will go down in history and history will not be kind.<br /> The most expensive period of drift for the country ever. A complete and utter failure, for people on all incomes. All Low Politics, No Statesmanship, no common sense. Pathetic student politics, no regard for the world outside Brown's bubble.<br /> This budget will hurt the private sector and the public sector. In short, it is a total disaster.Conandhttps://www.blogger.com/profile/18028671462205997161noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-20476035521151513262009-04-22T13:53:00.000+01:002009-04-22T13:53:00.000+01:00Cameron was highly entertaining and watching the s...Cameron was highly entertaining and watching the soon to be opposition's monkey poh faces was a joy to behold.<br /><br />Labout out of ideas, out of money and out of government!<br /><br />CDCrazyDaisyhttps://www.blogger.com/profile/17649222063383489990noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-76122136969884505212009-04-22T13:51:00.002+01:002009-04-22T13:51:00.002+01:00Hilarious, that was the single worst budget i have...Hilarious, that was the single worst budget i have had the misfortune to sit through, open mouthed as well. I'm speechless, where the hell is all that money coming from, the business editor on Sky just basically said, the city is laughing at Darling's figures, he was incredulous. The city paying 50%, they are going to slaughter Brown.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-6875150823203079692009-04-22T13:51:00.001+01:002009-04-22T13:51:00.001+01:00This car scrappage scheme thingy...
Now I am assu...This car scrappage scheme thingy...<br /><br />Now I am assuming that there must be some kind of 'one car per person' rule else it could be a good little earner.<br /><br />Buy up a load of old bangers at a couple of hundred a piece. £2000 scrappage money - decent margin, nice little earner!<br /><br />Small glimmer of amusement in an otherwise depressing budget.<br />50%!!!!!!!!!!!?????????????<br />£170+ billion debt!??<br />Unreal.<br />Time for an election.Tory Teacakehttps://www.blogger.com/profile/07873969606011183139noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-39386727969646282022009-04-22T13:51:00.000+01:002009-04-22T13:51:00.000+01:00Given we now have to unravel the budget and work o...Given we now have to unravel the budget and work out reality versus presentational gloss - the place to start digging was highlighted by Cameron:<br /><br />"The Trampoline Recovery" forecast.Trend Shedhttps://www.blogger.com/profile/04817609330878848716noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-84170214473349786352009-04-22T13:49:00.000+01:002009-04-22T13:49:00.000+01:00I thought Cameron did well, concentrating o the ma...I thought Cameron did well, concentrating o the main points and getting them across. 10/10Tim Hedgeshttps://www.blogger.com/profile/17847114837719427755noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-68386273191841064722009-04-22T13:45:00.000+01:002009-04-22T13:45:00.000+01:00A do nothing budget.
9 bn cuts over 5 years will...A do nothing budget. <br /><br />9 bn cuts over 5 years will not be enough. That's 5 pct. They need at least 3 pct on the 175bn figure.<br /><br />Not good at all.javelinhttps://www.blogger.com/profile/04685858339910528013noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-24685115167829870162009-04-22T13:41:00.000+01:002009-04-22T13:41:00.000+01:00I would be effected by the 50% "super tax". Guess ...I would be effected by the 50% "super tax". Guess where my company is going to be operating from in the very near future. That's right, one of those tax havens that Brooon cries about so often...<br /><br />50% taxation is f*cking madness! Why should I pay anymore than anyone else to bail out the incompetent shower of sh*t?Nullhttps://www.blogger.com/profile/14097211775158236323noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-63643644356919022872009-04-22T13:36:00.000+01:002009-04-22T13:36:00.000+01:00All the growth assumptions are nonsense. Its a cla...All the growth assumptions are nonsense. Its a classic budget from a zombie Government waiting for the electorate to drive a stake through its heart.<br /><br />"We promise there will be growth after the next election when we are no longer in power and therefore wont carry the can for the failure to deliver"<br /><br />"Disabled children need extra help so we will give them an extra £100 in their Child Trust Fund (which few parents have claimed because its really not worth the administration and which is now only worth £70 anyway because we have buggered up the pound)"<br /><br />"Everyone under 25 will get a 'job' or place on a training scheme so we take them off the unemployment list before the election and force them into no-jobs. Oh yes and we will have to employ many more civil servants to run those non-jobs, administer the schemes etc. So everyone wins... don't they?"Cynichttps://www.blogger.com/profile/04852867933348403214noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-42809547633229054832009-04-22T13:33:00.000+01:002009-04-22T13:33:00.000+01:00I'm helping out in Edinburgh South West this Satur...I'm helping out in Edinburgh South West this Saturday - Darling's constituency - and a major Conservative target. After this farce, I'm going to enjoy it *so* much more...Ruari Chttps://www.blogger.com/profile/15008934843155666376noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-45429718396545502402009-04-22T13:32:00.000+01:002009-04-22T13:32:00.000+01:00Someone help me out here.
09/10 Borrowing will be...Someone help me out here.<br /><br />09/10 Borrowing will be £175bn (12.4% GDP) => GDP = £1,411bn<br />10/11 Borrowing will be £173bn (11.9% GDP) >= GDP = £1,454bn<br /><br />That comes out at 3% growth to me, not 1.25%<br /><br />The following years' numbers he gave suggest GDPs of £1,538bn, £1,653bn then £1,764bn, growth of 5.8%, 7.4% then 6.7%.<br /><br />Am I missing something here?Mark Mhttps://www.blogger.com/profile/00437341898224311426noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-32842239939274953792009-04-22T13:25:00.000+01:002009-04-22T13:25:00.000+01:00Good on you Mr Darling, the worst thing to do woul...Good on you Mr Darling, the worst thing to do would be to try to cut the way out of the recession.<br />Top Rate of Tax rises, lovely.<br />Spending cuts, necessary.<br /><br />I know you lot won't like it, which means he's probably done the right thing....<br />couldn't resistBearded Socialisthttps://www.blogger.com/profile/17177734192167273165noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-41997880111371633102009-04-22T13:23:00.000+01:002009-04-22T13:23:00.000+01:00Spend, spend, spend.
or
Debt, debt, debt.
Growth ...Spend, spend, spend.<br />or<br />Debt, debt, debt.<br /><br />Growth will return before the year is out? Labour really have lost the place. Crazy predictions last year proved to be way out, and now he's looking for even more optimistic predictions this year? Nope, bad one. Debt = 79% of GDP? WOW!Political Dissuasionhttps://www.blogger.com/profile/11444377943477287319noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-84797328041179714562009-04-22T13:14:00.000+01:002009-04-22T13:14:00.000+01:00CU has what he should be doing.
Darling chose to d...CU has what he should be doing.<br />Darling chose to do the <br /><A HREF="http://cityunslicker.blogspot.com/2009/04/alertnative-uk-budget-2009.html" REL="nofollow">opposite</A>Bill Quango MPhttps://www.blogger.com/profile/14861116614665461655noreply@blogger.com