Consultants, private contracts to G4S and Capita, diversity and inclusion specialists, communication consultants (PR). It's fucking ridiculous what they waste money on.
£11 billion of that 22 billion is on the 5.3% pay rise to public sector workers that Labour announced (claiming that the Tories did not budget for it) !!!
@@allykhan8594 sorry but your numbers are vastly wrong and here's why in your £269b so called spend £134b is pensions, £60b on Universal credit, £14b on housing, £44b on health related benefits, child benefit £13b, personal tax credits £9b, pension credit £5b so where does that £77b come from because all the applicable benefits are in the £269b you mentioned all these numbers are from the office for national statistics
@@allykhan8594 no, what are YOU talking about? There's a common inverse relationship between competence and confidence. You seem certain of your numbers, and yet your numbers are demonstrably wrong. www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/articles/howisthewelfarebudgetspent/2016-03-16
@@CrazyTobster Scandanavian countries are run far more equitably than poisonous GB. The levels of inequality in GB are disgusting.... that mindset is far less of an accepted norm in the Nordics. IN GB its normalised....
No, reduce benefits on those too lazy to work, clamp down hard on benefit cheats and tax/fine those who moonlight for cash whilst claiming universal credit. These measures would bring in £3.2 billion alone.
Brainless comment, if you were a multi-billionaire and you were about to lose your billions through tax what would you do ? THINK. Monaco here we come 🤦♂🤦♂
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
The Tories refuse to accept the welfare state should exist. Atlee started it , and it was all funded by tax. Lots of it. There was no free lunch . If you wanted it, only those alive should pay for fit. Not the unborn via debt.. Back came the Tories, let’s cut tax and fund the welfare state with debt. By 1962 we had almost as much debt as we had in 1945.. back come labour in 1962. Back comes Atlees economics. We need to tax to fund the welfare state, and pay back debt . And this cycled would have continued if it hadn’t been for North Sea oil and gas. Thatcher could cut tax, and pay for the welfare state with its revenue..
She also built up the banks and tore down industry which was why the 2007-2008 banking crisis hit us so hard, and we ended up with the flawed austerity ideology of the Tories being imposed on us for 14 years while the Tories ran up the debt, shrank the economy, and took us out of the EU, damaging trade irreparably.
And the Labour Party open the floodgates to illegal immigrant who are given the handouts and accommodation people in this country should be given. They legalise them and gain the votes!
@@NessieT Wow. You really have not been paying attention to how the Tories have utterly fumbled the ball on immigration and asylum seeking in the past 14 years.
If the tories hadn’t gave huge tax cuts for the rich or bought £15 Billion on substandard PPE fthat was never used and we wouldn’t need to cut heating allowance for the elderly. There is something seriously wrong with the way the economy is run. This could also have saved NHS cuts.
The obsession of the Tories with shrinking the state led to a huge amount of waste. They were given 14 years to do it. Labour can't magically make that go away in three weeks. Things will get better but patience will be the only way to get through it.
You mean like the announcement of promising to increase defence spending to 2.5% two weeks before the election? For the last 12 months I've felt that the Cons were focused on setting up financial traps for Labour rather than managing the economy.
During the last election, Kier Starmers lies, deceit and dishonesty (saying he isn't a zionist/ is a Zionist/does support Israel war crimes/doesn't support Israels war crimes, and the rest...) was Never mentioned... or his membership of the Trilateral Commission... Why?
Because much of it goes to Landlords and Bankers, goes offshore and stays there. People need to STOP spending with huge corporations as they barely pay tax and the money goes straight back to the US in the main. Shop local, keep the money local, keep the money circulating ... All else is simply stacked in the Virgin Islands..... hence Brexit seeking to evade European laws on such matters.
If the budget black hole is a failure of anyone it’s a failure of journalism. As said, much of it was already known about immediately. I remember watching CZcams vids from independent after pundits talking about it months ago. The fact this is likely the first thing most people are hearing about it shows just how incompetent British media were at holding the Tories to account. This should have been front page and headline news on every newspaper and broadcast as soon as it became clear the Tories numbers didn’t add up to the tune of tens of billions. But even after the Liz truss fiasco our media mostly ignored the tories blatant lies that would cost us all directly in our pockets and salt the ground for the inevitable next labour government, intentionally making it more difficult for them to enact positive change, in favour of gossip about Tory infighting and Westminster politicking
I find it odd that the opposition has no visibility of the government's books in the way Labour says they didn't. They should have, and the same goes for the Tories while in opposition.
They have visibility through the Office for Budget Responsibility this was even admitted by reeves and i quote " you dont need to win an election to find out about the public finances " , this lot will be worse than the tories and thats saying something .
Do Channel 4 also sign up to economic illiteracy, the pay agreements will not cost £9.4bn pounds because the vast majority of those pay increases will come back to the treasury in taxation, unless Junior Doctors don't eat out, don't drive, don't drink and don't get paid PAYE. It's called the multiplier effect and it is economics 101.
They wasted 37 Billion on corona tracing. They cut wages for junior doctors in 2016 by 20%. They reduced pay for night shifts and even pushed normal working hours up to 9 PM.
@@juliaratto5210let’s bring back capital controls then. The average Brit might not like the effect on their holiday plans but if they want to keep money in the country….
@@juliaratto5210 That may possibly be true for some Junior Doctors but clearly not all and I only used the Junior Doctors as an example, this argument is not viable for the teachers pay rise.
Wealth tax is the only way to redistribute the wealth. There should also be a total lifetime cap on ISA. Increase inheritance tax and reduce the loop holes rich people use to avoid paying taxes.
What planet are you on ? I don't know or see any rich people in England anyone with money would not stay in the country they would be insane, we live in a climate of envy in Britain .
No one doubts how bad the situation is, but it's Labour's responsibility to actually fix things, not just cave to austerity demands while saying how angry they are
@@eric-id6bk what are you talking about? Taxing those that benefit the most from the society and infrastructure built by previous generations? Taxing those that make billions from exploiting human time and labour? It’s worked before - that’s how the middle class was built.
@@samuelocansey9924 That has been looked at an is impossible to enact. Assets will be sold to third parties, or sent offshore, or leased back etc etc. The whole capitalist structure globally would need to change in unison. In the meantime, more wealth would leave the UK which would be disaster. Taxing the middle bracket is the only real option politicians have these days, that's incomes between 40k - 150k, or hit corporation tax, which Labour have ruled out. They need to look to grow the whole economy, for all of us, rich and poor.
If you are young enough with skills then please leave this country, NZ, Australia, Singapore, Malaysia or even Canada. My Eldest daughter and her partner leave for South Island NZ over Christmas joining my middle daughter and family. You are selected on ability and skills , You cannot just turn up and stay like in some countries. Since Bliar this country has gone down hill and is now a basket case. Our best have been and continue to leave, Do yourself a favour join them.
This is tories making sure all there friends stay happy so they can get a great paying job. All lobbying should be banned any MP who goes on a free trip out.
I fully understand that we are in debt. The conservatives should never have reduced the national insurance by 4% this has what has caused this. But now us pensioners have to give up their winter fuel allowance to help pay for this. I am a labour supporter but I am getting doubts already. They should have gone for the oil, Gas and electric excess profits first and close the non doms. Loop hole first.
It's always the previous government's fault, whichever side is in power, but the constant excuse that everything is the Tories' fault leaves me cold. Life is going to get tougher for the working population. The problem is that the Labour government now has the power to do anything they want and we have to bear it while they rake in their big salaries.
So more austerity under Labour then? Central government budgets don’t have to (shouldn’t) balance. To suggest otherwise is economically illiterate. Never trust any of these people again.
As someone who usually is very skeptical of Labour I have to say that the Tories did as much damage as they possibly could on their way out knowing Labour would inherit the mess. Like squatters trashing a house before they were evicted. The well and truly put party before country.
You're missing the bigger picture though, saying there isn't any money was same lie the Tories told in 2010. We've seen under them that austerity doesn’t work, and are you really going to believe Reeves didn't know about the shortfall before the GE?
There are massive waste of money, people falsely claiming universal credit and other benefits. Local council corruption in relation to housing and roadside construction.
No poor pensioners will have their Winter allowance taken away. It's the ones who don't need it will have it removed. Do you think for example a millionaire should have Winter allowance payments if they are a pensioner?
@@emma24ism oh poor pensioners, they been sitting pretty pretty the last 14 while everyone else suffered, time to give them the austerity ride, have no sympathy whatsoever.
Pensioners just had an 10% increase because of the triple lock. Labour already stopped transactions to Rwanda. Over 250 Million Pound were already wasted on it.
Wow, a few comments from volunteer puppets, throw your fellow citizen under the bus why don't you? Honestly, you're actually bitter and jealous that granny's had it too cushy the last few years? Have you no shame at all? Statistics from 2016 show that on average at least 25,000 older people in the UK die prematurely from cold related illnesses each year, but they're the enemy to you people? What good little tools you are for the agenda. Off course they will go after those on benefits and many elderly aren't receiving the benefits they're entitled too.
There is a clear need for two Royal Commissions, one for all the tory sleaze over the years (PPP equipment etc.) and another for the huge hole in the state finances
Welcome to the world of Labour. Reward your mates in the NHS and stuff the pensioners and any other marginalised group. I work in the public sector but the most I've had in any year since 2010 has been an inflation busting 3.88%. And for most years up to 2018 it was 0%. Anybody remember Darren Jones saying that Labour had to make 'choices' when deciding that they'd scrap the 3rd child benefit, despite being told that there are millions of kids living in poverty; well, I think we can all see how much Labour thinks of the poor and needy - they'd rather have people on benefits than making it worthwhile for people to work.
Brexit has cost £140 Billion and rising, the Government should levy a new Brexit tax, put the failure of the Brexiteers front and centre, and let everyone know who is to blame.
Here's a radical idea...how about we stop funding foreign wars & paying for ungrateful entitled migrants & while we are at it, stop all foreign aid. Maybe focus all the saved resources on our own issues, like the NHS our crumbling infrastructure & job creation.. Imagine that a government that actually acts for the benefit of the people it's supposed to govern.
It should be by law that if a government wastes money, they should pay it back out of their own pockets, if not they should serve time in prison. They are not above the law and should be held responsible and accountable.
They already knew it was there, a youtuber was talking about a £20 billion hole in public finances in June this year, if he knew you can be sure labour knew.
No YOU Channel 4 and mainstream media failed to confront The Conservatives or Labour during the election campaign about this hole in the finances. You knew about it. Plenty of independent news channels who predicted it and talked about it. Now we are all faced with Austerity Mk 2
Darren Jones. Shame. He'll become like the other political non-entities in his party. Seems to be a nice man, but the lies of Labour politburo will ruin his integrity sooner rather than later.😊
It's not even a rich person issue. Rich people dodge inheritance tax through trusts and tax free gifts. It's a middle class issue / London home owner issue. Just raise taxes on the top 10% of earners and close the loopholes FFS
Labour are clearly lying. What is the point of the OBR if they are supposed to audit government spending but they can also claim that they were lied to by the Treasury. The whole point of the OBR is to audit the Treasury’s plans. Get rid of the OBR and place the responsibility firmly at the Chancellors door then their is no dispute as to who’s fault it is. This system worked all the way up to 2010 so why change it?
But you knew this before the election chancellor ! By not taxing the rich puts Labour values on trial. The wealthiest 10% of households held 43% of all the wealth in Great Britain in the latest period; in comparison the bottom 50% held only 9%.
No... this is a new black hole just on this years finances. This was withheld by the tories from the obs and therefore labour. This is separate to the "black hole" talked about during the election. That was a 20b black hole over 5 years. This is a 20b black hole in one year.
Don't forget, the wealthiest 10% also have the wealth to take everyone else's assets which they regularly set out to do and also own all your outlets for news. They control the narrative. You can see the huge bias they have against Labour through the media and also the bot comments you see all over the internet. Constantly trying to sway the narrative to keep them rolling on the gravy train. Greedy pricks they are. Nothing is ever enough for this group of people.
Increase CGT to match income tax, increase top brackets Inheritence tax, enact a 2% FTT, increase windfall tax, enact a 1% wealth tax, 10% LVT, etc. Corporate tax is bad and evidently increases in CGT and Inheritence tax is not a tax on working people 😂
The pensioner bashing has started, labour such a caring party as long as you've just arrived on a boat, every extra one in is another vote, will the fools who voted them in see what there've done now
One of the first things Labour should have done is close the border to arriving migrants, it's costing the tax pay millions, with more arriving. Yet what do we see, Labour taking allowances from pensioners, who have already paid into The UK economy over years. Then they award junior doctors a 22% pay rise over two years, with other sector workers now wanting more. Here come the unions, strikes and more disruption. I'll give Labour 26/27 before there is a leadership challenge or snap election.
If Labour doesn't raise taxes, it can't fund the resurrection of the NHS, or even maintain welfare services at the current level. And people will vote them out. If Labour raises taxes, people will vote them out. As ever, you get the government you deserve.
I am a labour supporter and would like to tell them that if the Labour Party is honest, then they should put the ones who made millions behind bars but that's not possible because these corrupt politicians support each other. Simple 😊😊😊
HI,ALL, ( SO LET'S UNDERSTAND THIS PAYING 40, YEARs TAX AND INSURANCE, ? AND WHEN I GET My PENSION AGAIN AM TAX AND RIPPED OF BY THIS NEW GOVERNMENT, TIME FOR REVOLUTION,
Or come on...! What's the problem with a 9 billion, a billion with a Big 'B' Bail out for a failure London mayor Sadie and that's 9 billion So that's not too small a number of the big picture..!
Před měsícem
Hiw about this? Stop sending money out of the UK until the black hole has been filled
though it's true that the tories did leave the books unbalanced, a lot of that cost pressure was directly a result of the lockdown.. the same lockdown that labour wanted to extend. so this is just politicking as far as i'm concerned
@@rezwhap if you mean exact figures then I yes, but surely it's obscurity from the public was a result of the tory establishment media that chose to not report on it in detail. we all knew that as soon as the lockdown came into effect britain were going to pay dearly for it down the line. but obv labour can't go after the journalists otherwise they won't win again.
@gigabyte2573 got nothing to do with what I'd do if I have to pay something then I have to pay something, why would it be any different for a rich fuckwit or an old person? Tax them both they been getting richer off the backs of the working class the working classes should receive the needed help not the elderly and the entitled and ultra wealthy.
I mean she is just like all Liebour politicians, she even mentioned the transparency of government finances in and interview with the FT, this is just a shameless blame game to justify their higher taxes.
Richard Murphy said the IFS was 'embedded in all the normal, standard pro-market assumptions that dominate conventional economic thinking in the UK and elsewhere'."[5] Murphy also stated in a report that the "Institute for Fiscal Studies is a body that persistently recommends tax increases that benefit the wealthiest in society at cost to those who make their living from work and the poorest in society."[21]
Krishnan asked the question that I myself was pondering. Whilst the Tories were most certainly guilty of incompetent management of well, everything, I strongly suspect Treasury civil servants shenanigans going on here. Rachel Reeves needs to do more digging and if she follows the money and is very, very clever about how she goes about things, she will very likely find HM Treasury employees have a part to play. I suspect a cooking of the books to make it look as if £22 billion is missing so that Reeves will increase taxes and that will be of benefit to the civil service elites which will magically and miraculously find that lump sum once Reeves has raised the taxes.
Wtf did £22 billion get spent on!! We've had no public services for the entire reign!!!
Consultants, private contracts to G4S and Capita, diversity and inclusion specialists, communication consultants (PR). It's fucking ridiculous what they waste money on.
£11 billion of that 22 billion is on the 5.3% pay rise to public sector workers that Labour announced (claiming that the Tories did not budget for it) !!!
Kevinsyd, that's not correct. For every one else asking how, you must have been asleep for 14 years!!
Their was no money left years ago! A nagic money tree didnt just appear then locking a country down doesnt help I guess?
4p NI cut before the election.
Return the wealth tax on wealth of 10+ million to what it has been in the past and end the punishment of poverty on the poor
Out of £750,000,000,000 raised. £269,000,000,000 goes to welfare, £77,000,000,000 tax credits and other benefits. What you talking about????
@@allykhan8594 sorry but your numbers are vastly wrong and here's why in your £269b so called spend £134b is pensions, £60b on Universal credit, £14b on housing, £44b on health related benefits, child benefit £13b, personal tax credits £9b, pension credit £5b so where does that £77b come from because all the applicable benefits are in the £269b you mentioned all these numbers are from the office for national statistics
@@johnsellers-fn7riit's still vast amounts on benefits.
@@allykhan8594 no, what are YOU talking about?
There's a common inverse relationship between competence and confidence. You seem certain of your numbers, and yet your numbers are demonstrably wrong.
www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/articles/howisthewelfarebudgetspent/2016-03-16
@@allykhan8594socialism the politics of envy
Thing is you can’t live like Scandinavia without taxing like Scandinavia
👍👏👏👏✌
The thing is the standard living in Scandinavia super exceeds of what you can expect in the UK
@@CrazyTobster Scandanavian countries are run far more equitably than poisonous GB. The levels of inequality in GB are disgusting.... that mindset is far less of an accepted norm in the Nordics. IN GB its normalised....
60% of uk wealth is held by the top 1% and 90% of that is held by the top 0.01% who dont pay tax
They need to cough up or f off.
And the newer taxes will likely be applied to regular people instead of these
Where did you get this data from?
@@AlexThipthorp He made it up
Tax the richest in society! The billionaires 😠
And they will move away and we'll get even less.... You know they have private jets and homes around the world right?
They now own the Labour Party.
No, reduce benefits on those too lazy to work, clamp down hard on benefit cheats and tax/fine those who moonlight for cash whilst claiming universal credit. These measures would bring in £3.2 billion alone.
@@kevinsyd2012👍👍👍
Brainless comment, if you were a multi-billionaire and you were about to lose your billions through tax what would you do ? THINK. Monaco here we come 🤦♂🤦♂
What did they expect when they put Boris in charge? 🤷🏻♂️
Hunt did not deny the cover-up. That is the crux.
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
The Tories refuse to accept the welfare state should exist. Atlee started it , and it was all funded by tax. Lots of it. There was no free lunch . If you wanted it, only those alive should pay for fit.
Not the unborn via debt..
Back came the Tories, let’s cut tax and fund the welfare state with debt. By 1962 we had almost as much debt as we had in 1945..
back come labour in 1962. Back comes Atlees economics. We need to tax to fund the welfare state, and pay back debt .
And this cycled would have continued if it hadn’t been for North Sea oil and gas.
Thatcher could cut tax, and pay for the welfare state with its revenue..
Welfare is a privilege not a right.
She also built up the banks and tore down industry which was why the 2007-2008 banking crisis hit us so hard, and we ended up with the flawed austerity ideology of the Tories being imposed on us for 14 years while the Tories ran up the debt, shrank the economy, and took us out of the EU, damaging trade irreparably.
And the Labour Party open the floodgates to illegal immigrant who are given the handouts and accommodation people in this country should be given. They legalise them and gain the votes!
@@NessieT Wow. You really have not been paying attention to how the Tories have utterly fumbled the ball on immigration and asylum seeking in the past 14 years.
@@JackKing12. The War time Churchill led coalition declared it a right. A reward for the working class sacrifices required to win the war.
If the tories hadn’t gave huge tax cuts for the rich or bought £15 Billion on substandard PPE fthat was never used and we wouldn’t need to cut heating allowance for the elderly. There is something seriously wrong with the way the economy is run. This could also have saved NHS cuts.
That’s because you can’t ‘run’ an economy, you can only alter what you do as a result of economic activity.
The obsession of the Tories with shrinking the state led to a huge amount of waste. They were given 14 years to do it. Labour can't magically make that go away in three weeks. Things will get better but patience will be the only way to get through it.
Take a guess what went wrong with the UK economy within the last 10 years. I’ll give you a hint: It rhymes with “exit.”
but the tories WANT NHS cuts, they want it to fail. so they can get the US system in , and profit personally
The Tories knew they were going to lose so they promised a very vulnerable public. The earth knowing they were not going to have to pay for it
You mean like the announcement of promising to increase defence spending to 2.5% two weeks before the election? For the last 12 months I've felt that the Cons were focused on setting up financial traps for Labour rather than managing the economy.
Wealth tax!!!
But what about the trickle down money we all get. Can you live without that?
The Tories have completely fucked us all over. can't say I'm surprised.
Government, not blue versus red
Fucked over for a long time
a tory talking about trust what a joke
Good to see the toys being exposed for their lies. Everything they say demonstrates the poison and garbage they were selling..
During the last election, Kier Starmers lies, deceit and dishonesty (saying he isn't a zionist/ is a Zionist/does support Israel war crimes/doesn't support Israels war crimes, and the rest...) was Never mentioned... or his membership of the Trilateral Commission... Why?
How does putting more money in working people’s pockets with a payrise (who will then spend it in the economy) not amount to growth?
Because much of it goes to Landlords and Bankers, goes offshore and stays there.
People need to STOP spending with huge corporations as they barely pay tax and the money goes straight back to the US in the main. Shop local, keep the money local, keep the money circulating ... All else is simply stacked in the Virgin Islands..... hence Brexit seeking to evade European laws on such matters.
If the budget black hole is a failure of anyone it’s a failure of journalism. As said, much of it was already known about immediately. I remember watching CZcams vids from independent after pundits talking about it months ago. The fact this is likely the first thing most people are hearing about it shows just how incompetent British media were at holding the Tories to account. This should have been front page and headline news on every newspaper and broadcast as soon as it became clear the Tories numbers didn’t add up to the tune of tens of billions. But even after the Liz truss fiasco our media mostly ignored the tories blatant lies that would cost us all directly in our pockets and salt the ground for the inevitable next labour government, intentionally making it more difficult for them to enact positive change, in favour of gossip about Tory infighting and Westminster politicking
I find it odd that the opposition has no visibility of the government's books in the way Labour says they didn't. They should have, and the same goes for the Tories while in opposition.
They have visibility through the Office for Budget Responsibility this was even admitted by reeves and i quote " you dont need to win an election to find out about the public finances " , this lot will be worse than the tories and thats saying something .
@@bartley7953 They are better so far. Dropped Rwanda, and fixed the junior doctors strike. You are already forgetting how bad the Tories were.
The orthodoxy was united so labour would be too.
They did. She is lying and the Labour supporters have fallen for it.
Watch Novara Media's coverage on this, much more in depth and also holds labour to account
Do Channel 4 also sign up to economic illiteracy, the pay agreements will not cost £9.4bn pounds because the vast majority of those pay increases will come back to the treasury in taxation, unless Junior Doctors don't eat out, don't drive, don't drink and don't get paid PAYE. It's called the multiplier effect and it is economics 101.
They wasted 37 Billion on corona tracing.
They cut wages for junior doctors in 2016 by 20%. They reduced pay for night shifts and even pushed normal working hours up to 9 PM.
You also have to factor in the value in preventing future strikes…
Many of the foreign staff would most likely be sending money out of the country to be spent elsewhere
@@juliaratto5210let’s bring back capital controls then. The average Brit might not like the effect on their holiday plans but if they want to keep money in the country….
@@juliaratto5210 That may possibly be true for some Junior Doctors but clearly not all and I only used the Junior Doctors as an example, this argument is not viable for the teachers pay rise.
Wealth tax is the only way to redistribute the wealth. There should also be a total lifetime cap on ISA. Increase inheritance tax and reduce the loop holes rich people use to avoid paying taxes.
What planet are you on ? I don't know or see any rich people in England anyone with money would not stay in the country they would be insane, we live in a climate of envy in Britain .
Typical socialism driven by spite and envy stealing from the successful to keep the feckless to the standard they've come to expect.
yeah lets give it all to the lazy sponging scroungers who refuse to work
@@rolandhawken6628 wdym? there are 165 billionaires in this country lol? theyre not in derby, theyre in mayfair and the city of london
@lighting, some people are just dim! We are packed full of millionaires and billionaires
No one doubts how bad the situation is, but it's Labour's responsibility to actually fix things, not just cave to austerity demands while saying how angry they are
They should legalise, regulate and tax cannabis.
It would reduce the burden on the courts and bring in a pretty penny or two.
It ain’t the cure-all you make it out to be, but it can help. A Michigander’s perspective, just in case you’re wondering.
The black hole of £22 billion represents 1% of total GDP of £2.27 trillion in 2023 in the UK. Not exactly an emergency is it!
Reeves is like an angry schoolmistress. Labour was always going to raise taxes. Cut the overseas aid budget. Stop the boats. Stop funding proxy wars.
I wouldn’t insult a headmistress of a school. She’s more like a petulant child. “Miss, he said, she said, they did it - wahhhhhhh”.
Why is it so difficult.. tax the billionaires!
Because that’s not how it works?
@@eric-id6bk what are you talking about? Taxing those that benefit the most from the society and infrastructure built by previous generations? Taxing those that make billions from exploiting human time and labour? It’s worked before - that’s how the middle class was built.
It won't raise enough money ongoing... and it won't work. They don't have taxable income.
@@Billywoo12you can tax their assets...
@@samuelocansey9924 That has been looked at an is impossible to enact. Assets will be sold to third parties, or sent offshore, or leased back etc etc. The whole capitalist structure globally would need to change in unison. In the meantime, more wealth would leave the UK which would be disaster. Taxing the middle bracket is the only real option politicians have these days, that's incomes between 40k - 150k, or hit corporation tax, which Labour have ruled out. They need to look to grow the whole economy, for all of us, rich and poor.
If you are young enough with skills then please leave this country, NZ, Australia, Singapore, Malaysia or even Canada.
My Eldest daughter and her partner leave for South Island NZ over Christmas joining my middle daughter and family.
You are selected on ability and skills , You cannot just turn up and stay like in some countries.
Since Bliar this country has gone down hill and is now a basket case.
Our best have been and continue to leave, Do yourself a favour join them.
This is tories making sure all there friends stay happy so they can get a great paying job. All lobbying should be banned any MP who goes on a free trip out.
I fully understand that we are in debt. The conservatives should never have reduced the national insurance by 4% this has what has caused this. But now us pensioners have to give up their winter fuel allowance to help pay for this. I am a labour supporter but I am getting doubts already. They should have gone for the oil, Gas and electric excess profits first and close the non doms. Loop hole first.
It's always the previous government's fault, whichever side is in power, but the constant excuse that everything is the Tories' fault leaves me cold. Life is going to get tougher for the working population. The problem is that the Labour government now has the power to do anything they want and we have to bear it while they rake in their big salaries.
Is everyone forgetting furlough?
£70 Billion, 11.7 million jobs saved.
1.3 million using the scheme up to September 2021!
So more austerity under Labour then? Central government budgets don’t have to (shouldn’t) balance. To suggest otherwise is economically illiterate. Never trust any of these people again.
The solution is simple. Massive, massive taxes on the fossil fuel industry. Problem solved.
As someone who usually is very skeptical of Labour I have to say that the Tories did as much damage as they possibly could on their way out knowing Labour would inherit the mess. Like squatters trashing a house before they were evicted. The well and truly put party before country.
You're missing the bigger picture though, saying there isn't any money was same lie the Tories told in 2010. We've seen under them that austerity doesn’t work, and are you really going to believe Reeves didn't know about the shortfall before the GE?
There are massive waste of money, people falsely claiming universal credit and other benefits.
Local council corruption in relation to housing and roadside construction.
Tories should never be in charge of our economic finances especially when we saw Liz Truss
Watch national debt continue to rise and rise under Zionist Labour...
They can find all the money in the world to send abroad, but our pensioners shall freeze to death. This is true evil.
No poor pensioners will have their Winter allowance taken away. It's the ones who don't need it will have it removed. Do you think for example a millionaire should have Winter allowance payments if they are a pensioner?
Pensioners on benefits will keep the support. The ones losing it are for the majority the ones who don't need it.
@@emma24ism oh poor pensioners, they been sitting pretty pretty the last 14 while everyone else suffered, time to give them the austerity ride, have no sympathy whatsoever.
Pensioners just had an 10% increase because of the triple lock.
Labour already stopped transactions to Rwanda.
Over 250 Million Pound were already wasted on it.
Wow, a few comments from volunteer puppets, throw your fellow citizen under the bus why don't you? Honestly, you're actually bitter and jealous that granny's had it too cushy the last few years? Have you no shame at all? Statistics from 2016 show that on average at least 25,000 older people in the UK die prematurely from cold related illnesses each year, but they're the enemy to you people? What good little tools you are for the agenda. Off course they will go after those on benefits and many elderly aren't receiving the benefits they're entitled too.
There is a clear need for two Royal Commissions, one for all the tory sleaze over the years (PPP equipment etc.) and another for the huge hole in the state finances
What about the £310 thousand she just paid herself from the taxpayers money a few days ago.ask her about that.. theiviing lying hypocrite
Where was this reported?
Stop the £15 billion foreign aid budget, stop the £5 billion illegal migrant budget and that big black hole becomes a tiny black hole
Welcome to the world of Labour. Reward your mates in the NHS and stuff the pensioners and any other marginalised group. I work in the public sector but the most I've had in any year since 2010 has been an inflation busting 3.88%. And for most years up to 2018 it was 0%. Anybody remember Darren Jones saying that Labour had to make 'choices' when deciding that they'd scrap the 3rd child benefit, despite being told that there are millions of kids living in poverty; well, I think we can all see how much Labour thinks of the poor and needy - they'd rather have people on benefits than making it worthwhile for people to work.
It’s of no benefit to pensioners - people who disproportionately make use of the NHS - if doctors are striking and waiting times are rising.
What parliament needs more than anything is a snooker referee calling "settle down please" every 20 seconds.
this is all theatre. It's performance. Labour wanted to introduce new taxes from the beginning. Don't give 11b for overseas aid.
Brexit has cost £140 Billion and rising, the Government should levy a new Brexit tax, put the failure of the Brexiteers front and centre, and let everyone know who is to blame.
Here's a radical idea...how about we stop funding foreign wars & paying for ungrateful entitled migrants & while we are at it, stop all foreign aid. Maybe focus all the saved resources on our own issues, like the NHS our crumbling infrastructure & job creation.. Imagine that a government that actually acts for the benefit of the people it's supposed to govern.
It should be by law that if a government wastes money, they should pay it back out of their own pockets, if not they should serve time in prison. They are not above the law and should be held responsible and accountable.
Cut down the civil service and government instead..
The cheeky of hunt to say worst budget when his predecessor broke the economy to give bankers better bonuses 🤷♂️
They already knew it was there, a youtuber was talking about a £20 billion hole in public finances in June this year, if he knew you can be sure labour knew.
No YOU Channel 4 and mainstream media failed to confront The Conservatives or Labour during the election campaign about this hole in the finances. You knew about it. Plenty of independent news channels who predicted it and talked about it. Now we are all faced with Austerity Mk 2
How were we meant to get to hiden Goverment data ??? Not even the obr had
Predicted or could proof it is not the same. Why shouldn't the report on it?
Darren Jones. Shame. He'll become like the other political non-entities in his party. Seems to be a nice man, but the lies of Labour politburo will ruin his integrity sooner rather than later.😊
Labour knew this all along don't be fooled
normal people never have to worry about inheritance tax. It is rich people issue
It's not even a rich person issue. Rich people dodge inheritance tax through trusts and tax free gifts. It's a middle class issue / London home owner issue.
Just raise taxes on the top 10% of earners and close the loopholes FFS
Who's normal? My grans 3 bed house in London is worth £2 million. Are you saying she should be taxed because of rising house prices?
It's probably time for taxes to go up anyway. We've been living on lean for far too long.
Does this woman have children. Or a heart ? Children have been massacred known to mI6 and from an illegal immigrant.
Give it time. This year blame the Tories. In 5 years it'll be Labour.
Labour are clearly lying. What is the point of the OBR if they are supposed to audit government spending but they can also claim that they were lied to by the Treasury. The whole point of the OBR is to audit the Treasury’s plans. Get rid of the OBR and place the responsibility firmly at the Chancellors door then their is no dispute as to who’s fault it is. This system worked all the way up to 2010 so why change it?
She is there to do a job and move the economy forward simply looking over her shoulder to blame the 'other lot' just looks pathetic!
How are we going to get HS2 into Euston? The window for starting the tunnel is closing. Where is this private money coming from?
But you knew this before the election chancellor ! By not taxing the rich puts Labour values on trial. The wealthiest 10% of households held 43% of all the wealth in Great Britain in the latest period; in comparison the bottom 50% held only 9%.
No... this is a new black hole just on this years finances. This was withheld by the tories from the obs and therefore labour.
This is separate to the "black hole" talked about during the election. That was a 20b black hole over 5 years.
This is a 20b black hole in one year.
Don't forget, the wealthiest 10% also have the wealth to take everyone else's assets which they regularly set out to do and also own all your outlets for news. They control the narrative. You can see the huge bias they have against Labour through the media and also the bot comments you see all over the internet. Constantly trying to sway the narrative to keep them rolling on the gravy train. Greedy pricks they are. Nothing is ever enough for this group of people.
What did Labour leave
"The Labour Cuts" begin.
Well where do you get the money from when you allow grifters to manage the coffers for 14 years
So the NHS will be stretched because of pensioners with cold related illnesses, good thinking labour.
The black hole is in Labours budget, not the public purse, as usual!
Labours answer: punish pensioners.
Stop sending foreign aid to nations who can afford space programmes
Darren Jones is a bit of a rising star..
Check out his work in the select commities as part of the opposition. He gives you hope.
Found billions yet take pensioners winter payment 😂 makes sense
Increase CGT to match income tax, increase top brackets Inheritence tax, enact a 2% FTT, increase windfall tax, enact a 1% wealth tax, 10% LVT, etc.
Corporate tax is bad and evidently increases in CGT and Inheritence tax is not a tax on working people 😂
The Conservatives failed, end of story. Support Labour 👍🏼✌🏼❤️😀
How trustworthy were the Tories? They lied and cheated their way through everything.
The labour voters felll for this one hook,line and sinker
The pensioner bashing has started, labour such a caring party as long as you've just arrived on a boat, every extra one in is another vote, will the fools who voted them in see what there've done now
The black hole is not £22 billion its actually 6inches from her left ear to her right ear nothing in between
Net zero Ed got £11 billion to send overseas to help with climate challenges.
One of the first things Labour should have done is close the border to arriving migrants, it's costing the tax pay millions, with more arriving. Yet what do we see, Labour taking allowances from pensioners, who have already paid into The UK economy over years. Then they award junior doctors a 22% pay rise over two years, with other sector workers now wanting more. Here come the unions, strikes and more disruption. I'll give Labour 26/27 before there is a leadership challenge or snap election.
If Labour doesn't raise taxes, it can't fund the resurrection of the NHS, or even maintain welfare services at the current level. And people will vote them out.
If Labour raises taxes, people will vote them out. As ever, you get the government you deserve.
Even bigger with the pay rises for future votes.....
picked on poor pensioners ...an absolute DISGRACE !!!.... this is never a labour gov. ( bet all these mp's are warm & cosy this winter ..sickening.
I am a labour supporter and would like to tell them that if the Labour Party is honest, then they should put the ones who made millions behind bars but that's not possible because these corrupt politicians support each other. Simple 😊😊😊
I've never heard Jeremey Cunty boy speak with so much passion!! 🤣🤣🤣🤣
His bid for leadership…
The guy is a lying scumbag but I guarantee it, people will be begging for him back after the next two budgets.
HI,ALL, ( SO LET'S UNDERSTAND THIS PAYING 40, YEARs TAX AND INSURANCE, ? AND WHEN I GET My PENSION AGAIN AM TAX AND RIPPED OF BY THIS NEW GOVERNMENT, TIME FOR REVOLUTION,
Or come on...! What's the problem with a 9 billion, a billion with a Big 'B' Bail out for a failure London mayor Sadie and that's 9 billion So that's not too small a number of the big picture..!
Hiw about this? Stop sending money out of the UK until the black hole has been filled
Jeremy Hunt lying through his teeth. Exercise Cygnus totally ignored by Hunt.
If they had listened to and implemented its recommendations, how many people would still be alive I wonder.
@@thecheesefactor Exactly. They have blood on their hands. They are dishonest.
Royal should pay same tax as everyone else.illegals out.foreign aid suspended till we are stable.
Politicians and bureaucrats must compensate by giving up properties, salaries, benefits, shares, stocks, bonds, etc.
though it's true that the tories did leave the books unbalanced, a lot of that cost pressure was directly a result of the lockdown.. the same lockdown that labour wanted to extend. so this is just politicking as far as i'm concerned
It’s not about the books being unbalanced. Everyone knows that. It’s about the true extent of the imbalance not being public.
@@rezwhap if you mean exact figures then I yes, but surely it's obscurity from the public was a result of the tory establishment media that chose to not report on it in detail. we all knew that as soon as the lockdown came into effect britain were going to pay dearly for it down the line. but obv labour can't go after the journalists otherwise they won't win again.
How hauntingly racist
And that is it. The Ministers would have been briefed they are the people that make the choices.
In June 2024, the UK government borrowed approximately 14.5 billion British pounds, compared with almost 17.7 billion pounds in June 2023.
That's net borrowing. Net debt more than doubled from £1,152.5bn in 2010 to £2,658.2bn in 2023.
Boycott olympics ,shame on france witj last supper
Will you be pressing charges for this?
If not why not?
Didn't the SNP scream from the rooftops that they both knew about it and said there was around an 18b black hole
Wealth taxes is what the people want
there are no wealthy people in Britain
Only the feckless benefit classes.
What would you do if you were one of those wealthy people ? Try and be honest !
@@gigabyte2573 Lwould say i eared that money by saving not having top of the range phones tvs cars holidays and no hand outs from the tax payer
@gigabyte2573 got nothing to do with what I'd do if I have to pay something then I have to pay something, why would it be any different for a rich fuckwit or an old person? Tax them both they been getting richer off the backs of the working class the working classes should receive the needed help not the elderly and the entitled and ultra wealthy.
Another waste of space labour mp
What about the 3 trillion debt and nothing to show for it for it get looking into bank accounts and jail them for treason and fraud
Spending far too much on illegal immigration??
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Shame on Cathy Newman of Channel 4 News for her poor interviewing on Jan 16, 2018!
dude get over it
I mean she is just like all Liebour politicians, she even mentioned the transparency of government finances in and interview with the FT, this is just a shameless blame game to justify their higher taxes.
Richard Murphy said the IFS was 'embedded in all the normal, standard pro-market assumptions that dominate conventional economic thinking in the UK and elsewhere'."[5] Murphy also stated in a report that the "Institute for Fiscal Studies is a body that persistently recommends tax increases that benefit the wealthiest in society at cost to those who make their living from work and the poorest in society."[21]
The ifs is a tory think tank
Krishnan asked the question that I myself was pondering. Whilst the Tories were most certainly guilty of incompetent management of well, everything, I strongly suspect Treasury civil servants shenanigans going on here. Rachel Reeves needs to do more digging and if she follows the money and is very, very clever about how she goes about things, she will very likely find HM Treasury employees have a part to play. I suspect a cooking of the books to make it look as if £22 billion is missing so that Reeves will increase taxes and that will be of benefit to the civil service elites which will magically and miraculously find that lump sum once Reeves has raised the taxes.