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Six years of austerity....

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And the economy will be £122 billion worse off by 2020 than was previously predicted. Any other highlights from the Autumn Statement? Read More
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8m, 3d agoPosted 8 months, 3 days ago
And the economy will be £122 billion worse off by 2020 than was previously predicted.

Any other highlights from the Autumn Statement?
HotEnglishAndWelshDeals Avatar
8m, 3d agoPosted 8 months, 3 days ago
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(5)
14 Likes
I have found a shot of the OP at Speakers' Corner:

http://cdn.ltstatic.com/2007/August/SD533851_942long.jpg
10 Likes
HotEnglishAndWelshDeals
sparxuk
HotEnglishAndWelshDeals
sparxuk
HotEnglishAndWelshDeals
Shengis
HotEnglishAndWelshDeals
Shengis
davewave
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.
Borrow and spend culture with low interest rates, here we go again. Might as well spend the money while its still worth 'something' X)
Might as well spend now because prices of goods and raw materials are increasing too - post-Christmas the prices of even essential items will increase.
That's ok if you've just received a wage increase but if you haven't or you're on a fixed income, then you're in trouble.
Yep, everything set to increase but still so many people in denial. Had a conversation with somebody earlier about housing prices in which he claimed they were becoming 'more affordable'. My response was that foreigners with $$$$ would get a LOT more for their money then. Didn't go down too well LOL. Trolling ITRW, can't be beaten, you get to see their faces X)
Stepping back, there is some huge irony in that the people who believed the strongest in Brexit, who thought that this was their chance to get back at the elite are the ones who are being hit the hardest still, whilst those who were benefitting before the referendum are getting all of these goodies from the government.
I think we all get your views on brexit, is there really any need for you log on here every single day, and keep repeating the same old stuff? what do you get out of it? Im genuinely interested.
Im all for debate and interesting conversations about how people see the world in different ways, but i really don't see how reposting the exact same points over and over again achieves anything
I could post something else but it simply wouldn't be true.
Are you asking if I get some enjoyment out of seeing people who thought Brexit would change their lives slowly realise that it won't do any of that, and will instead increase the gap between the 'haves' and 'have-nots'?
No, course not.
No I'm asking, why do you feel the need to say the same stuff over and over again?
It's a simple question, there must be a reason why when you log onto your computer, you decide to visit this site and post the same points that you have already made, and have already been debated with other members.
Every action that somome takes is done for a reason
Are you looking for a different outcome to the previous ones?
Or is it just a love of debating?
At first, it was because there were some interesting views. Now it's just enjoyable seeing people reaching the same conclusion.


Admission of baiting which is against HUKD code of conduct.
9 Likes
Zzzzz x 122 Billion = this thread.
8 Likes
HotEnglishAndWelshDeals
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
Actually immigrants are a net benefit to the economy.
118luke
Ah good ol' Tory propaganda. You have to love it.
Well, lets see what more they can cut off the bone - Osbourne cut pretty much all the meat off and left us with crippled services. Still, they did a good job at keeping the Rich wealthy and making the poor even poorer.
And they'll likely continue that.
This is a statement that is good for business and largely good for those with decent-paying jobs. The top-rate band increase is still in place and new housing in desirable areas will be good for investors.
The effects of Brexit have been made clear, but they'll affect the most vulnerable rather than those at the top. All in all, business as usual with a very unambitious statement.
OMG you wanted to talk about Brexit and immigrants - give it a rest!!!!!!!!
8 Likes
HotEnglishAndWelshDeals


Brexit so far has been atrocious for the economy as a whole with more bad news to come after Christmas. Prices are going to go up, growth is going to slow and the government's answer has been to pump more money into business in London and the South-East.
Now if you work in the private sector and live in those areas then Brexit so far has been good for you. If you're a foreign investor then Brexit has been good for you.
But if you're a public sector worker for instance who doesn't live in the capital and voted for Brexit then well done, you played yourself. X)

Funny that the assumption of mass price increases and government cuts occured to other EU countries in recent memory - by joining the euro.

You conveiniently avoid considering the effect on the economy at the point of EU's colapse for all members within, and how that compares to any brexit fallout.

If you want to proclaim the worst then do it without bias.

Edited By: delusion on Nov 23, 2016 17:39

All Comments

(75) Jump to unreadPost a comment
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#2
lots, re-read it.
9 Likes #3
Zzzzz x 122 Billion = this thread.
4 Likes #4
Tory dogma. They would have made cuts, recession or not. The fact remains that if you take money from the poor, you take money out of the economy. If you give money to the rich, it just gets hoarded.
3 Likes #5
We're approaching 2 trillion in debt. So what difference does 122 billion make. Like swimming in a pool and complaining because someone throws a bucket of water on you.

Good for headlines though and feeding tribal politics.
1 Like #6
Key points
OBR cuts UK growth forecasts for 2017 and 2018
Growth forecast for 2016 is 2.1 per cent and 2017 is 1.4 per cent
Public sector net borrowing is now forecast to be £120bn more over the five years to 2021
Infrastructure gets boost from £23bn productivity fund
More funding for affordable housing
1 Like #7
The government will crack down on “salary sacrifice” programmes but pensions, childcare, ultra low-emission cars and cycle-to-work schemes will be exempt. There is a new tax evasion and avoidance package set to raise £2bn over five years.

Mr Hammond froze fuel duty planned for April 2017, costing the exchequer around £500m a year. A new savings bond that will be sold through the NS&I will pay 2.2 per cent gross interest over a three-year term.

The chancellor also said he would abolish the Autumn Statement. Instead, there would be a full autumn Budget and a “Spring Statement” that will respond to the OBR’s forecasts but will not be a “major fiscal event”.
#8
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.

Financial markets, however, have been less sanguine with the pound falling 12 per cent against Britain’s main trading partners and economists expect higher import prices and uncertainties over Brexit to hit consumer spending and business investment next year.

The yield on the UK’s benchmark 10-year sovereign debt ticked up to 1.43 per cent after the chancellor revealed increased public sector net borrowing requirements. The yield, which rises when investors reduce their exposure to the debt, was up 7 basis points over the session after the announcement, having been 5 basis points higher beforehand.

The pound has moved up from earlier intraday losses during the speech to reach $1.2422, leaving it at the flatline for the day. It had earlier been down 0.2 per cent at $1.2313.

John McDonnell, the shadow chancellor, claimed Mr Hammond’s spending plans offered “no hope for the future” after six “wasted” years. He said the figures outlined in the Autumn Statement “speak for themselves”, with economic growth, wage growth and business investment down.

Edited By: davewave on Nov 23, 2016 15:26
#9
https://pbs.twimg.com/media/Cx9M6DjXcAAydc5.jpg
#10
The chancellor said a national productivity investment fund would receive more than £23bn in funding over five years. “Raising productivity is essential for a high wage, high skill economy,” he said.

Part of this will be used to fund infrastructure to unlock land so new housing can be built. Annual capital spending on housing will more than double from the previous plan.

Of the £23bn infrastructure fund, £1.1bn will go to English local transport infrastructure and more than £1bn to digital infrastructure.

Mr Hammond confirmed departments needed to find £3.5bn in additional cuts but would allow £1bn of these savings to be reinvested.

On the subject of taxation, he announced more generous transitional relief on business rates, helping companies in London, the south-east of England and in rural areas.
3 Likes #11
Ah good ol' Tory propaganda. You have to love it.
Well, lets see what more they can cut off the bone - Osbourne cut pretty much all the meat off and left us with crippled services. Still, they did a good job at keeping the Rich wealthy and making the poor even poorer.
4 Likes #12
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
1 Like #13
118luke
Ah good ol' Tory propaganda. You have to love it.
Well, lets see what more they can cut off the bone - Osbourne cut pretty much all the meat off and left us with crippled services. Still, they did a good job at keeping the Rich wealthy and making the poor even poorer.
you think Labour wouldn't recommend their own policies of overspend, calling it propaganda is such a hollow criticism.
#14
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.

Actually immigrants are a net benefit to the economy.


118luke
Ah good ol' Tory propaganda. You have to love it.
Well, lets see what more they can cut off the bone - Osbourne cut pretty much all the meat off and left us with crippled services. Still, they did a good job at keeping the Rich wealthy and making the poor even poorer.

And they'll likely continue that.

This is a statement that is good for business and largely good for those with decent-paying jobs. The top-rate band increase is still in place and new housing in desirable areas will be good for investors.

The effects of Brexit have been made clear, but they'll affect the most vulnerable rather than those at the top. All in all, business as usual with a very unambitious statement.
8 Likes #15
HotEnglishAndWelshDeals
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
Actually immigrants are a net benefit to the economy.
118luke
Ah good ol' Tory propaganda. You have to love it.
Well, lets see what more they can cut off the bone - Osbourne cut pretty much all the meat off and left us with crippled services. Still, they did a good job at keeping the Rich wealthy and making the poor even poorer.
And they'll likely continue that.
This is a statement that is good for business and largely good for those with decent-paying jobs. The top-rate band increase is still in place and new housing in desirable areas will be good for investors.
The effects of Brexit have been made clear, but they'll affect the most vulnerable rather than those at the top. All in all, business as usual with a very unambitious statement.
OMG you wanted to talk about Brexit and immigrants - give it a rest!!!!!!!!
3 Likes #16
davewave
118luke
Ah good ol' Tory propaganda. You have to love it.
Well, lets see what more they can cut off the bone - Osbourne cut pretty much all the meat off and left us with crippled services. Still, they did a good job at keeping the Rich wealthy and making the poor even poorer.
you think Labour wouldn't recommend their own policies of overspend, calling it propaganda is such a hollow criticism.

I don't think Labour would've weighed the benefits quite so heavily in favour of the wealthiest in society and established businesses.

You can almost look at the map of Brexit and the areas that voted for it in highest numbers will be the areas least helped by this statement. Conversely metropolitan areas with large business centres will likely continue to reap the rewards.

Do you know, I'm starting to think this Brexit thing might not be such a bad thing after all. X)
3 Likes #17
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
Surely all those immigrants come here to work and then reinvest their money back into the UK rather than send it back home? ;)
I'm sure the UK economy can afford to lose £11 million a day (latest figure I could find)

Edited By: stuarthanley on Nov 23, 2016 15:46: .
2 Likes #18
davewave
118luke
Ah good ol' Tory propaganda. You have to love it.
Well, lets see what more they can cut off the bone - Osbourne cut pretty much all the meat off and left us with crippled services. Still, they did a good job at keeping the Rich wealthy and making the poor even poorer.
you think Labour wouldn't recommend their own policies of overspend, calling it propaganda is such a hollow criticism.

Dont take it as a positive comment for Labour - they arent saints either. But after Cameon and Osborne blatantly lied after they promised to protect vital services from cuts and went against their word - yet came out smelling of roses in the public eye (a remarkable feat in itself). Very rare i take anything that the tories say seriously these days
1 Like #19
stuarthanley
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
Surely all those immigrants come here to work and then reinvest their money back into the UK rather than send it back home? ;)

Numerous studies have shown they contribute more to the economy than they receive.
2 Likes #20
davewave
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.
Borrow and spend culture with low interest rates, here we go again. Might as well spend the money while its still worth 'something' X)
2 Likes #21
Shengis
davewave
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.
Borrow and spend culture with low interest rates, here we go again. Might as well spend the money while its still worth 'something' X)

Might as well spend now because prices of goods and raw materials are increasing too - post-Christmas the prices of even essential items will increase.

That's ok if you've just received a wage increase but if you haven't or you're on a fixed income, then you're in trouble.
3 Likes #22
HotEnglishAndWelshDeals
stuarthanley
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
Surely all those immigrants come here to work and then reinvest their money back into the UK rather than send it back home? ;)

Numerous studies have shown they contribute more to the economy than they receive.



tax paid v benefits claimed maybe,
there is a lot more to the argument than that.
#23
Shengis
davewave
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.
Borrow and spend culture with low interest rates, here we go again. Might as well spend the money while its still worth 'something' X)
Public sector net borrowing as a percentage of GDP will fall from 4% last year to 3.5% this year, and will continue to fall over the Parliament, reaching 0.7% in 2021-22.

This will be the lowest deficit as a share of GDP in two decades.
#24
shadey12
HotEnglishAndWelshDeals
stuarthanley
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
Surely all those immigrants come here to work and then reinvest their money back into the UK rather than send it back home? ;)
Numerous studies have shown they contribute more to the economy than they receive.
tax paid v benefits claimed maybe,
there is a lot more to the argument than that.
And what would that be? In your opinion.

Edited By: RonChew on Nov 23, 2016 15:54
2 Likes #25
HotEnglishAndWelshDeals
Shengis
davewave
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.
Borrow and spend culture with low interest rates, here we go again. Might as well spend the money while its still worth 'something' X)
Might as well spend now because prices of goods and raw materials are increasing too - post-Christmas the prices of even essential items will increase.
That's ok if you've just received a wage increase but if you haven't or you're on a fixed income, then you're in trouble.
Yep, everything set to increase but still so many people in denial. Had a conversation with somebody earlier about housing prices in which he claimed they were becoming 'more affordable'. My response was that foreigners with $$$$ would get a LOT more for their money then. Didn't go down too well LOL. Trolling ITRW, can't be beaten, you get to see their faces X)
1 Like #26
RonChew
shadey12
HotEnglishAndWelshDeals
stuarthanley
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
Surely all those immigrants come here to work and then reinvest their money back into the UK rather than send it back home? ;)
Numerous studies have shown they contribute more to the economy than they receive.
tax paid v benefits claimed maybe,there is a lot more to the argument than that.
And what would that be? In your opinion.
Please lets try and keep this thread on track, you can look through all the other brexit threads if you really want to know.
3 Likes #27
RonChew
shadey12
HotEnglishAndWelshDeals
stuarthanley
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
Surely all those immigrants come here to work and then reinvest their money back into the UK rather than send it back home? ;)
Numerous studies have shown they contribute more to the economy than they receive.
tax paid v benefits claimed maybe,
there is a lot more to the argument than that.
And what would that be? In your opinion.


schools,
hospitals,
doctors,
accommodation,
3 Likes #28
The minimum wage will rise 4% from £7.20 to £7.50 an hour.
1 Like #29
Shengis
HotEnglishAndWelshDeals
Shengis
davewave
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.
Borrow and spend culture with low interest rates, here we go again. Might as well spend the money while its still worth 'something' X)
Might as well spend now because prices of goods and raw materials are increasing too - post-Christmas the prices of even essential items will increase.
That's ok if you've just received a wage increase but if you haven't or you're on a fixed income, then you're in trouble.
Yep, everything set to increase but still so many people in denial. Had a conversation with somebody earlier about housing prices in which he claimed they were becoming 'more affordable'. My response was that foreigners with $$$$ would get a LOT more for their money then. Didn't go down too well LOL. Trolling ITRW, can't be beaten, you get to see their faces X)

Stepping back, there is some huge irony in that the people who believed the strongest in Brexit, who thought that this was their chance to get back at the elite are the ones who are being hit the hardest still, whilst those who were benefitting before the referendum are getting all of these goodies from the government.
14 Likes #30
I have found a shot of the OP at Speakers' Corner:

http://cdn.ltstatic.com/2007/August/SD533851_942long.jpg
#31
Agharta
I have found a shot of the OP at Speakers' Corner:http://cdn.ltstatic.com/2007/August/SD533851_942long.jpg

I am rather fetching in my Green vest though.

(FYI - the sign now says 'Been on Zoopla - Thanks Brexit voters xxx') X)
#32
HotEnglishAndWelshDeals
Agharta
I have found a shot of the OP at Speakers' Corner:http://cdn.ltstatic.com/2007/August/SD533851_942long.jpg
I am rather fetching in my Green vest though.
(FYI - the sign now says 'Been on Zoopla - Thanks Brexit voters xxx') X)
You could offer it as a prize in a competition. Or has that already been done? :p
banned#33
davewave
you think Labour wouldn't recommend their own policies of overspend, calling it propaganda is such a hollow criticism.

So is cutting & pasting news articles without even reading them
5 Likes #34
HotEnglishAndWelshDeals
Shengis
HotEnglishAndWelshDeals
Shengis
davewave
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.
Borrow and spend culture with low interest rates, here we go again. Might as well spend the money while its still worth 'something' X)
Might as well spend now because prices of goods and raw materials are increasing too - post-Christmas the prices of even essential items will increase.
That's ok if you've just received a wage increase but if you haven't or you're on a fixed income, then you're in trouble.
Yep, everything set to increase but still so many people in denial. Had a conversation with somebody earlier about housing prices in which he claimed they were becoming 'more affordable'. My response was that foreigners with $$$$ would get a LOT more for their money then. Didn't go down too well LOL. Trolling ITRW, can't be beaten, you get to see their faces X)
Stepping back, there is some huge irony in that the people who believed the strongest in Brexit, who thought that this was their chance to get back at the elite are the ones who are being hit the hardest still, whilst those who were benefitting before the referendum are getting all of these goodies from the government.

I think we all get your views on brexit, is there really any need for you log on here every single day, and keep repeating the same old stuff? what do you get out of it? Im genuinely interested.

Im all for debate and interesting conversations about how people see the world in different ways, but i really don't see how reposting the exact same points over and over again achieves anything
2 Likes #35
Shengis
davewave
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.
Borrow and spend culture with low interest rates, here we go again. Might as well spend the money while its still worth 'something' X)

And we haven't even come out of EU yet. These are just predictions so the brexiters should be defending it and saying we're going to improve and come out of it all intact and prosperous and that the predictions are wrong.

As I've said before we're not going to feel the full impact for about 5 years and then see what happens.
1 Like #36
davewave
HotEnglishAndWelshDeals
stuarthanley
Mark2111
All the more reason to stop any Tom, Dick and Harry from abroad, coming to live in the Uk and claim benefits and housing.
Surely all those immigrants come here to work and then reinvest their money back into the UK rather than send it back home? ;)
Numerous studies have shown they contribute more to the economy than they receive.
bait bait bait
To late. :(
2 Likes #37
We're going to improve and come out of it all intact and prosperous and that the predictions are wrong.
#38
sparxuk
HotEnglishAndWelshDeals
Shengis
HotEnglishAndWelshDeals
Shengis
davewave
Britain’s economy has performed better than expected since the Brexit vote as consumer confidence and spending have held up so far.
Borrow and spend culture with low interest rates, here we go again. Might as well spend the money while its still worth 'something' X)
Might as well spend now because prices of goods and raw materials are increasing too - post-Christmas the prices of even essential items will increase.
That's ok if you've just received a wage increase but if you haven't or you're on a fixed income, then you're in trouble.
Yep, everything set to increase but still so many people in denial. Had a conversation with somebody earlier about housing prices in which he claimed they were becoming 'more affordable'. My response was that foreigners with $$$$ would get a LOT more for their money then. Didn't go down too well LOL. Trolling ITRW, can't be beaten, you get to see their faces X)
Stepping back, there is some huge irony in that the people who believed the strongest in Brexit, who thought that this was their chance to get back at the elite are the ones who are being hit the hardest still, whilst those who were benefitting before the referendum are getting all of these goodies from the government.
I think we all get your views on brexit, is there really any need for you log on here every single day, and keep repeating the same old stuff? what do you get out of it? Im genuinely interested.
Im all for debate and interesting conversations about how people see the world in different ways, but i really don't see how reposting the exact same points over and over again achieves anything

I could post something else but it simply wouldn't be true.

Are you asking if I get some enjoyment out of seeing people who thought Brexit would change their lives slowly realise that it won't do any of that, and will instead increase the gap between the 'haves' and 'have-nots'?

No, course not.
1 Like #39
123thisisme
We're going to improve and come out of it all intact and prosperous and that the predictions are wrong.

https://media.giphy.com/media/l2Je2ifGlRZEWDbb2/giphy.gif
3 Likes #40
HotEnglishAndWelshDeals

I could post something else but it simply wouldn't be true.


Straight out of the multi's mouth!:D

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