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Trooper
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Post subject: The budget Posted: Wed Mar 11, 2020 14:45 |
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ugvm'er at heart... |
Joined: 4th Mar, 2010 Posts: 22366
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Well, that was interesting. I do wonder where all the money is coming from to pay for all of this. If this had been a labour budget the tories (and the ragtops) would be going apoplectic over the amount being spent etc... https://www.bbc.co.uk/news/uk-politics-51832634
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Bamba
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Post subject: Re: The budget Posted: Wed Mar 11, 2020 15:37 |
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Excellent Member |
Joined: 25th Jul, 2010 Posts: 11128
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There does seem to be a shitload extra going out, and very little more coming in (assuming that BBC article is comprehensive). So, yeah: where's it expected to come from?
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myp
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Post subject: Re: The budget Posted: Wed Mar 11, 2020 15:43 |
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UltraMod |
Joined: 27th Mar, 2008 Posts: 55717 Location: California
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Magic money tree
_________________ I am currently under construction. Thank you for your patience.
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Kern
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Post subject: Re: The budget Posted: Wed Mar 11, 2020 15:46 |
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Joined: 12th Apr, 2008 Posts: 17918 Location: Oxford
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The short burst of spending will help offset any economic crunch from the coronavirus and (whispers) the end of the Brexit transitional phase. Like hair-of-the-dog, however, the brief respite will probably be followed by more pain.
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Squirt
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Post subject: Re: The budget Posted: Wed Mar 11, 2020 15:47 |
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Heavy Metal Tough Guy |
Joined: 31st Mar, 2008 Posts: 6586
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The UK government can currently borrow money at less than the rate of inflation. It essentially does have a magic money tree.
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JBR
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Post subject: Re: The budget Posted: Wed Mar 11, 2020 17:25 |
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Soopah red DS |
Joined: 2nd Jun, 2008 Posts: 3286
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That is always true, really - the idea that the government has to carefully account for all the money in advance of spending it (which it cannot do, in any case) is some powerful righty bullshit.
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