tag:blogger.com,1999:blog-34112832.post7079473323259314350..comments2023-11-05T09:37:36.840+01:00Comments on A View From Rural Wales: Much ado about nothingGlyn Davieshttp://www.blogger.com/profile/10442114752573417252noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-34112832.post-75165722435930752122009-03-26T21:16:00.000+01:002009-03-26T21:16:00.000+01:00Sorry Glyn our borrowing requirement also smaller ...Sorry Glyn our borrowing requirement also smaller by some margin than other countries including those most admired by tories. The fact is if you guys cut spending you will deflate reducing tax revenues and increasing benefit payments. No other country in the developed world is proposing this. It is 19thcenturyeconomics and 1980s politics.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34112832.post-73213227558720575592009-03-25T23:27:00.000+01:002009-03-25T23:27:00.000+01:00Patriot - Didn't you listen to Mervyn King yesterd...Patriot - Didn't you listen to Mervyn King yesterday? Its not the size of the fiscal stimulus that matters. Its the borrowing requirement of the Government. The collapse in tax revenues, and the increases in social security benefits, combined with increased public spending have made it very risky to spend even more. The next two years borrowing requirement has so alarmed the Governor that he felt obliged to intervene in such an unusual way.<BR/><BR/>DC Guy - I viewed it on Guido's blog. It was an amazing attack on the Prime Minister. Can't imaging such a forensic dismantling of Gordon Brown's record being allowed by Mr Speaker at Westminster.Glyn Davieshttps://www.blogger.com/profile/17344589217554138315noreply@blogger.comtag:blogger.com,1999:blog-34112832.post-37171969150723940572009-03-25T21:33:00.000+01:002009-03-25T21:33:00.000+01:00... well, great speech from Daniel Hannan, MEP. h...... well, great speech from Daniel Hannan, MEP. <BR/><BR/>http://www.youtube.com/watch?v=94lW6Y4tBXsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34112832.post-77808387464042958812009-03-25T14:57:00.000+01:002009-03-25T14:57:00.000+01:00BBC news confirmed last night Glyn that UKs fiscal...BBC news confirmed last night Glyn that UKs fiscal stimulus is smaller than USA, same size or smaller than all European countries and smaller than any developed country in year 2. Touche I think. You had better tell the spending cutting Etonians in the cabinet as it looks as though they have missed economics off the syllabus there........Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34112832.post-38508251481611699032009-03-24T09:31:00.000+01:002009-03-24T09:31:00.000+01:00Bonetired - Spot on.Frank - I don't agree with you...Bonetired - Spot on.<BR/><BR/>Frank - I don't agree with your take on this. Ken Clarke has been given a very significant role, and he is being 'used' as a spokesman a lot. Neither has he been slapped down. I'm not on the inside track, but it seems that the new meaning given to the word 'aspiration' in politics (not going to happen) gave the wrong impression about Conservative policy. There has not been any change from our 0ctober '07 promise to change Inheritance Tax rules, and levying a tax on non-doms to pay for it. There also seems a sensible pragmatic approach not to implement this manifesto promise until we have brought some order to our public finances.<BR/><BR/>Dalesman - I think the intention is that the cost of any change is bourne by non doms. I also suspect that the cost of the change has fallen a fair bit, as house prices and the value of investments have fallen.<BR/><BR/>Patriot - Lets wait until next week's G20 to see if every nation is as keen on loading impossible burdens on the next generation as you are. Thought I read that the CBI take the same view that I do on this.Glyn Davieshttps://www.blogger.com/profile/17344589217554138315noreply@blogger.comtag:blogger.com,1999:blog-34112832.post-79944025085936428202009-03-23T23:59:00.000+01:002009-03-23T23:59:00.000+01:00Stick to rugby Glyn you clearly know far more abou...Stick to rugby Glyn you clearly know far more about that than economics. This is a global problem affecting everywhere. All countries including the capitalist altar the Tories worship at - the USA- are following exactly the same fiscal stimulus route as the Labour Government- most are investing more proportionately. Only your lot are planning to cut spending and reinforce the down turn. The 1980s all over again if the British public fall for it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34112832.post-88258851521410759402009-03-23T23:41:00.000+01:002009-03-23T23:41:00.000+01:00Seems to me that ken Clarke is the only one talkin...Seems to me that ken Clarke is the only one talking sense in the shadow cabinet.<BR/>The Tories are talking of having to save money but are going to push through the inheritance tax changes which will cost about £3 billion.<BR/>Someone needs to talk sense, so good on Ken.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34112832.post-88207872549003172292009-03-23T20:17:00.000+01:002009-03-23T20:17:00.000+01:00What's wrong with your party? You bring back Clark...What's wrong with your party? You bring back Clarke to give some bottom to the shadow cabinet, but instead of putting him in charge of the treasury brief you give him a shadow-shadow job. Then you slap him down when he tries to bring some sense into the presentation of your policies.Frank Littlehttps://www.blogger.com/profile/12447989626809704972noreply@blogger.comtag:blogger.com,1999:blog-34112832.post-2517545972550336712009-03-23T19:43:00.000+01:002009-03-23T19:43:00.000+01:00All of this reminds me of Macmillan's famous attri...All of this reminds me of Macmillan's famous attribution about "Events dear boy, events" ...<BR/><BR/>It would be lovely to have tax cutting exercise to bing us back to a low taxation economy but the first duty is to get the country on some form of economic firm ground - and that will involve the Conservativs making some decisions that will hurt.Bonetiredhttps://www.blogger.com/profile/03758749688525988504noreply@blogger.com