Starmer's vision quest

[Dorset Boy]

Terrible news for some.

View attachment 12486

Why is it terrible news for some? Though it could be.

Mind you, it's still an £11.6 bn shortfall according to the headline.
Just because something is lower than expected doesn't necessarily mean it is good.

 

[bobzmyunkle]

Terrible news for some?
https://www.independent.co.uk/news/...urnham-gorton-denton-byelection-b2905487.html

 

[CXRAndy]

The borrowing is still the 10th worst figure of all time.

The primary reason were increases of tax and NI raised slightly more.

 

[briantrumpet]

Why is it terrible news for some?

You might like to reflect why the laugh reactions to my comment.

 

[Dorset Boy]

You might like to reflect why the laugh reactions to my comment.

You were trying to be a smartarse obviously. Without fully understanding the context of the borrowing figure.

 

[briantrumpet]

You were trying to be a smartarse obviously. Without fully understanding the context of the borrowing figure.

Strangely enough, I didn't think you'd find it amusing, given it doesn't match your predictions of economic doom at the time of the Budget and Reeves's incompetence.

 

[Dorset Boy]

Strangely enough, I didn't think you'd find it amusing, given it doesn't match your predictions of economic doom at the time of the Budget and Reeves's incompetence.

Brian, lower than expected, doesn't mean it's not a worryingly high figure.
Reeves entered No11 talking about the need for economic growth to rescue the UK economy which I am sure we can agree on as being needed.
Now just what has she done in her budgets to stimulate that growth? On balance her budgets have had a negative effect. And the serial leaks and U-turns in the build up to her last budget had a seriously negative impact.
And I never predicted economic doom, just that she wouldn't achieve the growth we need with her policies.

 

[Shortfall]

Brian, lower than expected, doesn't mean it's not a worryingly high figure.
Reeves entered No11 talking about the need for economic growth to rescue the UK economy which I am sure we can agree on as being needed.
Now just what has she done in her budgets to stimulate that growth? On balance her budgets have had a negative effect. And the serial leaks and U-turns in the build up to her last budget had a seriously negative impact.
And I never predicted economic doom, just that she wouldn't achieve the growth we need with her policies.

This.

As one of the doom merchants on here I'm pleasantly surprised that borrowing last month is below that which was predicted, but one swallow doesn't make a Summer so let's see where we are at the next election. Everything Reeves and the Labour front bench has done so far has been anti business and anti growth and there are plenty of other metrics we could judge her on rather than one month's borrowing figures. Believe it or not Brian I don't want the economy to fail, it's just that everything this government does leads me to think that it will.