Starmer's vision quest

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CXRAndy

Legendary Member
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Germany can do it
 

Stevo 666

Über Member
Oh dear, Rachel from accounts has an estimated £51bn black hole to fill:
https://uk.finance.yahoo.com/news/chancellor-warned-tax-rises-needed-073414295.html

Although at least Labour will be able to say that their black hole is bigger than the Tories one 🙂
 

monkers

Shaman
Oh dear, Rachel from accounts has an estimated £51bn black hole to fill:
https://uk.finance.yahoo.com/news/chancellor-warned-tax-rises-needed-073414295.html

Although at least Labour will be able to say that their black hole is bigger than the Tories one 🙂

The black hole is said to be £41.2bn.

To be honest, you'd need to be pretty dim not to realise that the cost of servicing the debt mountain left by the Tories has increased by about £20.6bn per year (typo amended).

You'd also need to be pretty dim to be gloating that the country is in trouble due to that and the Brexit fiasco. Yes Yes, yabber yabber, Covid and Ukraine - nothing to do with the fast lane contracts and the wealth gap being out of control.
 
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monkers

Shaman
As of September 2024, UK national debt reached £2.8 trillion, equivalent to 101% of GDP.

As of August 2025, the UK's national debt is estimated to be £2.83 trillion, which is roughly 96% of GDP.

Figures via copilot.
 

First Aspect

Über Member
I think she'll raid pension pots and freeze income tax thresholds, combined with some more cuts.

Triple lock should go and I suspect there will be movement on state pension age sooner than is included on those forecasts.
 

briantrumpet

Veteran
I think she'll raid pension pots and freeze income tax thresholds, combined with some more cuts.

Triple lock should go and I suspect there will be movement on state pension age sooner than is included on those forecasts.

But will no-one think of the pensioners?

I was talking to a younger (early 30s) musician last week, and he was mentioning his current retirement age being 68... I opined that that is highly likely to change well before he gets there, and there was just a kind of shrug.

Incidentally, I'd never taken in what 'WASPI' stood for - "women against state pension inequality". I assume that they'd been making lots of noise for all the years when women could retire at 60 while men had to carry on to 65 for their state pension. Maybe I missed all that noise somehow.
 
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Stevo 666

Über Member
The black hole is said to be £41.2bn.

To be honest, you'd need to be pretty dim not to realise that the cost of servicing the debt mountain left by the Tories has increased by about £20.6bn per year (typo amended).

You'd also need to be pretty dim to be gloating that the country is in trouble due to that and the Brexit fiasco. Yes Yes, yabber yabber, Covid and Ukraine - nothing to do with the fast lane contracts and the wealth gap being out of control.

The article linked said £51bn. Either way it's still larger than the last one, wouldn't you agree? And you'd have to pretty thick to think it wasn't at least in part down to the party currently in charge.
 

Pross

Active Member
But will no-one think of the pensioners?

I was talking to a younger (early 30s) musician last week, and he was mentioning his current retirement age being 68... I opined that that is highly likely to change well before he gets there, and there was just a kind of shrug.

Incidentally, I'd never taken in what 'WASPI' stood for - "women against state pension inequality". I assume that they'd been making lots of noise for all the years when women could retire at 60 while men had to carry on to 65 for their state pension. Maybe I missed all that noise somehow.

I think they made a mistake in their acronym and should be WFSPI or WASPE (the latter probably works better). It's very ironic that they are campaigning for inequality to be extended at least long enough to benefit them and I'm amazed how they seem to get such positive coverage, maybe as they look like WI members and people think they'll invest the extra pension into making nice Victoria sandwiches.
 
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