This 22 Million black hole ?

[TRUEBRIT66 2,261]

OK so we were lied to by Reeves so no surprise there.

But what I don't get is for 18 months Labour have been banging on about the state of the economy they had been left with by the Tories so my question is why didn't the Tories stand up and say not true we left with 4.2 million in the black? Did the Tories not know they were in the black when they left government which is just as bad or am I missing something?   

[tatsblisters 11,199]

It all goes way above my head mate though i tend to think all this black hole and other jargon the politicians come out with is just a smoke screen to keep rinsing us with higher taxes and what not.

[mC HULL 16,930]

9 minutes ago, tatsblisters said:

It all goes way above my head mate though i tend to think all this black hole and other jargon the politicians come out with is just a smoke screen to keep rinsing us with higher taxes and what not.

We're funding a war thats f**k all to do with us again that has cost billions and were paying for it again 

[chartpolski 28,764]

31 minutes ago, TRUEBRIT66 said:

OK so we were lied to by Reeves so no surprise there.

But what I don't get is for 18 months Labour have been banging on about the state of the economy they had been left with by the Tories so my question is why didn't the Tories stand up and say not true we left with 4.2 million in the black? Did the Tories not know they were in the black when they left government which is just as bad or am I missing something?   

It was the latest financial projection by the OBR for the next financial year. 
The OBR told the Labour government that they forecasted a production downturn for next year that would lead to a £16 billion deficit,(a black hole), BUT increased revenue from taxes would wipe out the deficit and actually result in a £4 billion surplus.

Reeves held a press conference and only released half the information, the black hole deficit and didn’t mention the surplus. There wasn’t any “black hole” !

She used the surplus to pay for benefits rises to appease Labours back benches and imposed tax rises so she would have more money to spend.

The head of the OBR Produced letters they had sent to Reeves and Starmer proving that they had lied about the state of the economy.

As bad as the Tory’s are/were, this was nothing to do with them.

The Labour government lied to us, simple as that ……

Cheers..

 

[TRUEBRIT66 2,261]

27 minutes ago, tatsblisters said:

It all goes way above my head mate though i tend to think all this black hole and other jargon the politicians come out with is just a smoke screen to keep rinsing us with higher taxes and what not.

Yep just seems mental the Tories havent disputed it. The latest seems to be "tackling child poverty" which must have become a thing since the last budget as they didnt seem to give a shit about the kids when they were dishing out pay rises to the public sector and train drivers!  

[TRUEBRIT66 2,261]

2 minutes ago, chartpolski said:

It was the latest financial projection by the OBR for the next financial year. 
The OBR told the Labour government that they forecasted a production downturn for next year that would lead to a £16 billion deficit,(a black hole), BUT increased revenue from taxes would wipe out the deficit and actually result in a £4 billion surplus.

Reeves held a press conference and only released half the information, the black hole deficit and didn’t mention the surplus. There wasn’t any “black hole” !

She used the surplus to pay for benefits rises to appease Labours back benches and imposed tax rises so she would have more money to spend.

The head of the OBR Produced letters they had sent to Reeves and Starmer proving that they had lied about the state of the economy.

As bad as the Tory’s are/were, this was nothing to do with them.

The Labour government lied to us, simple as that ……

Cheers..

 

I get that mate but surely the Tories would have known the financially state of the country and the OBR forecast when they left office ? 

[tatsblisters 11,199]

24 minutes ago, mC HULL said:

We're funding a war thats f**k all to do with us again that has cost billions and were paying for it again 

Yep and foreign aid. 

[chartpolski 28,764]

20 minutes ago, TRUEBRIT66 said:

I get that mate but surely the Tories would have known the financially state of the country and the OBR forecast when they left office ? 

They would have, when the OBR reported before THEIR budgets, but the OBR report on next years finances is based on the last Labour budget.

The OBR gives its forecasts before every budget. They give the forecast to the government who are producing the budget, not the opposition parties.

What was taken into account is the projected downturn in productivity for next year, and the increase in revenue from the tax take from Labours last budget.

As I said, lower productivity projected for NEXT year will result in a drop of £16 billion, BUT increased tax revenue from Labours previous budget resulted in a £20 billion rise in the finances, leaving a £4 billion surplus. Nothing to do with the last Tory government, in this case.

Its done on a year to year basis.

Reeves only told half the story ; the bad part about the deficit, not the good part about the surplus.

The Tory’s are probably just as bad, but in this case it’s entirely on Labour.

Cheers.

Edited 1 hour ago by chartpolski

[WILF 51,601]

While everyone is talking about “the black hole” and whether Reeves lied or not……they are sneaking doing away with jury trial and digital ID in the back door !

Pay attention lads because the “black hole” is meaningless and the right to jury trial and digital ID is really, really, really f***ing serious !! 
 

Game, set and match to the government and its media propaganda machine again !

Edited 35 minutes ago by WILF

[scotty12 4,501]

2 hours ago, mC HULL said:

We're funding a war thats f**k all to do with us again that has cost billions and were paying for it again 

Mind that time they all said the uk wasn’t that bad and there was a lot worse counties than us Lol    

[mC HULL 16,930]

27 minutes ago, WILF said:

While everyone is talking about “the black hole” and whether Reeves lied or not……they are sneaking doing away with jury trial and digital ID in the back door !

Pay attention lads because the “black hole” is meaningless and the right to jury trial and digital ID is really, really, really f***ing serious !! 
 

Game, set and match to the government and its media propaganda machine again !

Once that  happens like  at magistrates your guilty its just to be sentenced pure communism along with the digital id 

All the intelligent people are going to look daft again the  conspiracy nuts the fools been right all along lol again!!

[mC HULL 16,930]

13 minutes ago, scotty12 said:

Mind that time they all said the uk wasn’t that bad and there was a lot worse counties than us Lol    

Called Russia China and Korea  

The uk more people in jail for tweets then anywere  

None as blind as them that won't see lol

[mC HULL 16,930]

Thank f**k for an English man with some brain power in tommy Robinson without him I recon it would a been game over 

A nation full of followers letting the country be raped and pillaged 

[chartpolski 28,764]

32 minutes ago, WILF said:

While everyone is talking about “the black hole” and whether Reeves lied or not……they are sneaking doing away with jury trial and digital ID in the back door !

Pay attention lads because the “black hole” is meaningless and the right to jury trial and digital ID is really, really, really f***ing serious !! 
 

Game, set and match to the government and its media propaganda machine again !

Just my opinion, Wilf, but I think digital ID will quietly be dropped due to cost and public opinion. It’s not due to be introduced until 28/29 and Labour will be out of power by then. 
As for jury trials, Lammy is appearing to back track and water down his proposals right now. He probably realised, or more likely had been told, it wasn’t in Labours manifesto and the Lords will do everything to block and delay it, and again, Labour will be out of power by then.

Just my views, but It won’t stop Labour coming back with more “socialist” policies.

Cheers.