4 ms·

Surely this means the government will lower taxes and interest rates. Right?

merth 3y ago
will lower taxes and interest rates. Right? (MEME)
threeseed 3y ago
Interest rates are set by the Bank of England which is independent of the government. And globally inflation has been high but trending down. Same as in the UK.
pjc50 3y ago
Several billion needs to be spent on collapsing schools and Birmingham has just gone bankrupt. We need a significant amount of public spending just to maintain the country.
- gumballindie 3y ago
  Then we should probably spend less on projects benefiting tory friends? Or is the ultimate goal to tax everyone at a 100% rate? Also the NHS should be privatised already, it’s painful to see all the money wasted on it.
  - pjc50 3y ago
    > Then we should probably spend less on projects benefiting tory friends? Yes, obviously. > Also the NHS should be privatised already, it’s painful to see all the money wasted on it What's an acceptable casualty level for this transition? 100k or 1m? There's 4.8m diabetics in the UK, how many of them do you expect to not be able to afford insulin?
- gadders 3y ago
  Yes! The UK can tax it's way to prosperity.
  - ben_w 3y ago
    I can save €6k per year by not paying any rent, but doing so will cause a huge number of problems, starting almost immediately. Getting a cheaper place isn't completely impossible, but I'd just have to go somewhere far enough away that commuting may be impossible or impractical and that will upset my current employers. Governments aren't the same as households — I can't force people to accept any "money"[0] I might try to "print"[0], nor do I run a central bank whose interest rates I get to set, nor do I collect taxes or customs duties — but there are analogies, and "infrastructure ≈ housing" is one. What the UK needs more than anything else right now is a realistic economic plan; unfortunately the UK government appears to be unable to tell the difference between that, their rhetoric, and their wishful thinking. [0] it isn't money if no one accepts it, literally printing something that even tries to be money is something I assume to be a crime without checking, and money is increasingly digital these days so why even do that?
tonyedgecombe 3y ago
Decreasing taxes right now is likely to increase inflation and hence interest rates.
drumhead 3y ago
Well, possibly. There's a lot of political pressure on them from the right to do that. But if they did it would probably be targeted at businesses, maybe rates relief.

will lower taxes and interest rates. Right? (MEME)

Interest rates are set by the Bank of England which is independent of the government. And globally inflation has been high but trending down. Same as in the UK.

pjc50 3y ago

Several billion needs to be spent on collapsing schools and Birmingham has just gone bankrupt. We need a significant amount of public spending just to maintain the country.

gumballindie 3y ago
Then we should probably spend less on projects benefiting tory friends? Or is the ultimate goal to tax everyone at a 100% rate? Also the NHS should be privatised already, it’s painful to see all the money wasted on it.
- pjc50 3y ago
  > Then we should probably spend less on projects benefiting tory friends? Yes, obviously. > Also the NHS should be privatised already, it’s painful to see all the money wasted on it What's an acceptable casualty level for this transition? 100k or 1m? There's 4.8m diabetics in the UK, how many of them do you expect to not be able to afford insulin?
gadders 3y ago
Yes! The UK can tax it's way to prosperity.
- ben_w 3y ago
  I can save €6k per year by not paying any rent, but doing so will cause a huge number of problems, starting almost immediately. Getting a cheaper place isn't completely impossible, but I'd just have to go somewhere far enough away that commuting may be impossible or impractical and that will upset my current employers. Governments aren't the same as households — I can't force people to accept any "money"[0] I might try to "print"[0], nor do I run a central bank whose interest rates I get to set, nor do I collect taxes or customs duties — but there are analogies, and "infrastructure ≈ housing" is one. What the UK needs more than anything else right now is a realistic economic plan; unfortunately the UK government appears to be unable to tell the difference between that, their rhetoric, and their wishful thinking. [0] it isn't money if no one accepts it, literally printing something that even tries to be money is something I assume to be a crime without checking, and money is increasingly digital these days so why even do that?

tonyedgecombe 3y ago

Decreasing taxes right now is likely to increase inflation and hence interest rates.

drumhead 3y ago

Well, possibly. There's a lot of political pressure on them from the right to do that. But if they did it would probably be targeted at businesses, maybe rates relief.