January 25th, 2012

Chancellor Zero

Even if the GDP numbers are not entirely unexpected, they are still a failure, a failure to grow the economy. The deficit can only be paid down if the economy grows, we can’t borrow our way out of a debt crisis. It is time for a supply-side revolution, why is the government implementing a policy of selected regional enterprise zones, why not make the whole economy an enterprise zone? It was a mistake to hike VAT and it is a strategic error to burden industry with crushingly high green taxes and penal marginal income tax rates of over 50% discourage entrepreneurs from coming to invest in Britain.

If the government is going to miss the deficit target, and it is, miss it because the government slashed taxes to grow the economy. The international bond markets will forgive a finance minister with a growing economy who misses his deficit target, they won’t forgive a finance minister with a contracting economy in any circumstances. Chancellor Zero knows that with no growth there is no hope for the deficit.


156 Comments

  1. 1
    Issac Hunt says:

    Add a dollop of EU sovereign debt and fun times ahead.

    Like

    • 3
      Lord Wayne of Trombone says:

      The former Archbishop of Canterbury said Britain’s public debt, which yesterday topped £1trillion, was the “greatest moral scandal” facing the country. He added that the welfare system rewarded “fecklessness and irresponsibility” and fuelled a “poverty of aspiration”.
      The peers, some of whom quoted from the Bible during Monday’s debate on welfare reform, could not claim the “moral high ground”, Lord Carey said.

      quoted the bible?
      are you fucking mad?
      we need to get shot of these cnuts

      George O – simple – cut taxes, remove limits to enterprise.. I d hire tomorrow.. reward entrepreneurs instead of taxing their arses off.

      Like

      • 13
        Tessa Tickles says:

        “quoted the bible?”

        It’s fucking scary, isn’t it? Who voted for these people?

        Like

        • 27
          morbidly obese Dave says:

          Bollocks fat bogtrotter boy, with your negative talk on Britain’s great economy! My hat maker was telling me only the other day that my head has increased 64% since May 2010!

          Like

          • Popeye says:

            Yes! Knock George ye armchair chancellors who with no responsibility, could do better.
            I’m glad it’s George in charge and not a Socialist loser.

            Like

          • confused.con says:

            is guido saying “Balls is right “????

            Like

          • confused.con says:

            government spin is still crap…..

            “defecit from last government”….. eh “Labour legacy” name and shame…. so at next elections folks remember….

            Labour spin “too fast, too deep” still spot on.. only thing that is…. but they can spin! boy can they spin! and voters luv it – !!!!

            beware the id(l)es of march

            Like

          • Evil Landlord says:

            I think he is saying Balls is right after all – Balls the Messiah !!!

            Like

        • 29
          Anonymous says:

          Bible says a lot of other things as well. What its view on having children by many fathers?

          Like

          • Lord Wayne of Biology says:

            technically a child can only have one father – it is biology.

            thanking you

            Like

          • Anonymous says:

            There are mothers in this country who doesn’t know which man is the father of their child.

            Like

          • Ed the Axeman says:

            Not any more.

            1 mother donates the egg.
            1 mother donates the genetic material
            1 mother is the surrogate.
            2 mothers adopt.

            Legally – 5 mothers.

            You can also have two or more fathers. 1 the sperm donor, 1 the legal parent. If that parent dies the child could be adopted, making 3 fathers

            You need to keep up with technology and the law struggling to keep up. ie. We need to get the money from one or more parents.

            Like

          • M says:

            And thousands of us paying for them

            Like

        • 38
          shit PR man Dave says:

          Rejoice! Rejoice!

          UK 2011 GDP growth: +0.7%, Germany 2011 GDP growth: +3.0%

          That proves conclusively that Britain’s shit economy is all due to the fucking Eurozone and the fucking Krauts, and not due to the City bankers and their politician puppets who stole trillions of pounds! QED.

          Like

          • Mervyn, north London says:

            +1

            Like

          • Shit poster says:

            UK 2011 GDP +0.9

            And the other Euro countries?

            Like

          • sockpuppet #4 says:

            And thats got nothing to do with Germans just making stuff that people want to buy.

            Like

          • bedwetter's nemesis says:

            2011 GDP:

            Austria +2.9%
            Belgium +2.2%
            Holland +1.8%
            Luxemburg +1.6%
            France +1.6%
            Ireland +1.1%
            Spain +0.7%
            Italy +0.5%
            Eurozone +1.7%

            Sweden +4.0%
            Poland +4.0%
            Hungary +1.4%
            Denmark +1.2%
            EU27 +1.6%

            USA +1.6%

            Let’s face it mate, UK’s a shithole, full of morons, run for, by criminals.

            Like

        • 119
          Rage Against the Political Elite says:

          Put the TAX up. Put the VAT up. Take more money out of the economy, so the Government can deploy more troops and spend more of our money abroad. Development AID, HA HA HA. Is it not kick back money into Swiss bank accounts from corrupt governments?? Just wondered. Scam merchants in Charge.

          Like

      • 22
        Anonymous says:

        I don’t care whether we cut expense or increase expense as long as this country grows and create jobs. I don’t even care whether it is a right wing government or left wing government.

        Current government’s plans aren’t working things are getting only worse than before. We need change, Cameron, Osborne, Clegg and Alexander should be replaced as they are unable to help the country grow.

        I also believe taxes should be cut, there is no point in taking tax from a person and giving him / her benefits.

        Like

        • 70
          Rip van Wrinkle says:

          Oh yes there is. Control. Government control. You do as you’re told, you vote for us or we cut the lifeline.

          Power corrupts, absolute power corrupts absolutely.

          Like

      • 89
        Ed the Axeman says:

        The former Archbishop of Canterbury said Britain’s public debt, which yesterday topped £1trillion.

        That’s just the borrowing bit.

        Add another 6 trillion for pensions.

        Not included, bailing out the feckless.

        Like

      • 121
        Bogeyman says:

        Which bits did they quote? A lot of if is pretty sound, you know. JC was no fool.

        Like

      • 135
        Robin Hood and Robbing You says:

        Cut taxes! No chance the so called best brains in the country are just coming up with new ways to scew business. Check out the plan from Nottingham City Council to tax working place parking! No mandate, no justification they just do it to fund a tram that can’t make money! Can’t be any truth in the rumour of the £50k bribe to all the key decsion makers I’m sure!

        Like

    • 67
      Sophie says:

      This is like an ultra slow motion car wreck.

      Why have the Conservatives abandoned what they know to be right?:

      Low taxes

      Small state

      Close DFID

      Stop EU payments

      Leave Afghanistan

      Is it any wonder Tories in exile are flocking to UKIP?

      We are not going to rebuild the country & its economy by following the fiscal policies of Gordon Brown & Ed Balls.

      What is wrong with George & Dave? Any supporters of these clowns out there?

      Vote UKIP

      Like

      • 83
        Anonymous says:

        “flocking to UKIP”? Where and when?

        Like

      • 86
        sockpuppet #4 says:

        And don’t even think about war in Iran.

        Like

      • 122
        Fish says:

        So who exactly would be UKIP’s Chancellor, Sophie? One of those UKIP fraudster MEPs sent to prison? You live in some sort of fantasy world

        Like

      • 124
        Me & Mine says:

        Dopey Sophie. YOU MAY GO (and take your half baked ideas with you.

        Like

        • 127
          Marmite says:

          Hear hear.

          Like

        • 130
          Sophie says:

          Oh dear, the Cameroon liberal troll posse is getting very panicky now.

          Good.

          I remind you – Cameron could not win against McMental before we knew how weak is was.

          How do you think he will fair this time round?

          Like

        • 131
          Tax Slave says:

          Errr, what is so dopey about low taxes, small state and looking after our own first?

          I think you need to go back to CiF.

          Like

          • The Golem says:

            +1 Dave and George could just be following orders, of course. When these islands are reduced to a state of ruin, where else will our politicians take us but into serfdom under the despots of Brussels.

            Like

    • 81
      Up sh1t creek says:

      Like

    • 103
      Wikifax says:

      Time to increase foreign aid again methinks. Right Dave?

      Like

  2. 2
    Tim says:

    The chancellor is completely out of his depth. Osborne out now!!!!

    Like

    • 32
      Anonymous says:

      It is not just him!

      Like

    • 34
      Sir Barrington Minge says:

      What?…I suppose you want BALLS in charge…

      Socialism is a mental disease and the Labour party is the asylum!!

      Like

      • 69
        Sophie says:

        Agreed – but why are George & Dave following Brown & Balls fiscal idiocy to the letter?

        Like

        • 95
          Archer Karcher says:

          Because they are merely errand boys, like the previous mob of Labour fraudsters, doing others bidding?

          Like

      • 77
        Anonymous says:

        There could be some other conservative as well like Davis Davis, Ken Clark or even Balls. Its hard to be worse than Osborne.

        Like

    • 66
      Spartacus says:

      Agreed – we need Vince to take the reins

      Like

      • 92
        Ed the Axeman says:

        God help us if he does.

        Apparently he likes wearing the reins, and being disciplined.

        Like

      • 98
        Disliker of Bankers says:

        Drown Balls whatever happens.
        Osbore has always looked like a woman’s shoe salesman to me.
        Vince always looks like the man who can.

        Like

    • 85
      Ed Nutsacks says:

      What do you mean “we can’t borrow our way out of a debt crisis” ?

      Of course we can – that is a key part of my cunning 5-point plan! Yvette and I discussed this the other night and we rolled with laughter that Osborne cannot see the light. Sell the country!!

      We agreed that Ed M is out of his depth and I’ll be taking over. The Labour Party will soon have a pair of Balls.

      UK debt – so what?
      More debt – doesn’t matter as nobody cares

      Like

  3. 4
    Quim says:

    Maybe they not implement the pay rise for scroungers and restore the personal allowance for everyone?

    Like

  4. 5
  5. 6
    Anonymous says:

    FLAT TAX!

    Like

    • 36
      Anonymous says:

      Might be progressive to current system as the supper rich doesn’t pay now.

      Like

    • 46
      Vince Cable says:

      As well as flats, what about my mansion tax?

      Like

    • 125
      Major Eyeswater says:

      Yep, that’ll do it. A single universal tax rate of 25% for all income, capital gains, corporate profits, dividends etc with a £15k ish zero rate allowance. This should link up with the new single universal benefit for those on incomes below £15k. Reduce expenditure by obliging healthy welfare claimants to volunteer locally (+ leave the EU etc, natch).

      Or we can just keep on taxing the rich at 65%+ marginal rates (inclusive of both types of NI) and wondering why on earth the economy won’t grow.

      Like

  6. 7
    Hang The Bastards says:

    Tin hats on Lads !

    e are going to have to suffer hours of spouting chite “Too hard too fast” from Blinkey Balls

    Like

  7. 8
    Barry O'Barma says:

    Cut taxes. Cut foreign aid. Cut green bullshit. Cut EU contributions. Give 12 months’ notice of end to dole, benefits. Levy EU pensions, tax-free income. Invest in nuclear. Re-arm.
    In economic warfare, the deal is the same as real war: Guns or Butter. The economic choice of butter is killing the UK

    Like

    • 16
      Gordon Brown says:

      Tax cuts take money out of the economy.

      Like

      • 37
        English and proud of it says:

        Wanker, fat scots wanker!!!

        Like

      • 80
        Legal crook says:

        Scots are always on the take.

        Like

        • 149
          Rob Roy says:

          I have never heard a Scottish MP quoting Wordsworth on St George’s day.

          Fat boy Cameron just could not resist and this will be part of his own plan for our independence as even the Glaswegians will have spotted his mealy mouthed comments.

          Us Scots are not always on the take.

          We had a sound and tested Banking system until it was raided by Halifax PLc and Nat West with leveraged money provided by the English City of London.

          You are going down. Don’t rely on the Scots to save you.

          your days of inflicting misery on us are coming to an end.

          Like

    • 94
      Yuk ... lager! says:

      I can’t believe it’s not Bitter.

      Like

  8. 10
    Up sh1t creek says:

    To make regional enterprise zones is to target constituencies for votes. I thought anyone could work that out! Even mentioned in Yes Minister / Yes Prime Minister TV series.

    There is PLENTY that can still be cut from the public sector, but the government chooses not to. £100bn a year QUANGOS still hanging around like a bad smell, senior management in councils and council bosses have unlimited pay, getting paid more than the PM who is suppose dot run an entire country not just a little areas. Whitehall has little cuts in staff instead of routing the lazy people.

    Then there is the idiotic economic policy itself. Raping savers to bailout borrowers is plunging the UK ever further into crisis. In normal downturns savers spend not just to survive, but buy stuff they want at discount etc. – but it keeps an economy moving. With savers money instead going to feed the credit habit of feckless borrowers who have no money, the spending has stopped. Savers will not spend to save you now, we have had enough of propping you up.

    The UK’s housing market MUST collapse, it is unsustainable, propping up prices to stop negative equity is seriously harming the UK economy.

    The biggest problem is that Parliament is chock full of Keynesian idiots, happy to spend spend spend and steal from savers, while those that are MOST able to keep an economy moving are being destroyed – DELIBERATELY.

    Oh, and why would people trust politicians who aid and abetted the criminal bankers, where not one of them has been arrested for defrauding taxpayers.

    Until you get someone as chancellor AND Prime Minister with brains, the UK economy will continue to be forked!

    Like

  9. 10
    Cynical-old-bag says:

    Not entirely unexpected, but it’s what the government will do to put it right which is most important. They haven’t grasped the nettle just yet.

    Like

    • 58
      Archer Karcher says:

      We are borrowing the best part of £450 million a day just to keep going and are paying £48+ billion a year in interest on what we owe.
      Nettles should have been grasped on day one and someone should have had the balls to say no more spending on shit that is of no benefit.
      Instead Osborne tinkered at the edges with even more Keynsian bollocks, and added to the burden with raised taxes and green subsidy garbage. Now of course he is wondering why everything is going tits up and scrambling around, what a tool.

      Like

      • 90
        Blackadder says:

        If we got shot of Huhne and his bloody windmills, and unsigned ourselves up for all this green stuff that costs both industry and the individual, we’d be doing ourselves a lot of favours. All the present green imposts have bugger all to do with little birds and bees and a great deal to do with a public and industrial subsidy to a number of smart operators who will make vast profits out of their useless schemes.

        Like

      • 101
        Fish says:

        Right.

        Take a look at the graphs on this site – particularly those related to gross national debt.

        In particular, take a look at the Labour years. The economic legacy that the Tories left labour and the fact that they initially stuck to the Tory spending plans meant that in the early 80’s we were in fact paying down debt.

        That was the moment , in the early 90’s that the foundations for prospeirt could be built on. If the government held that course we would, like other economies, have weathered the banking storm – but the criminally incometent Brwon took another direction – took the economy into a series of defecits – building his client state.

        The increase in public debt was astonishing. Brown created an economy out of control. It will take 20 years to sort out.

        Gordon brown should be in prison.

        http://www.ukpublicspending.co.uk/spending_chart_1989_2010UKb_11s1li111mcn_G0t

        Like

  10. 12
    Trinny says:

    It all started in America/Greece/Europe (delete as applicable)

    Like

  11. 14
    Ah! Monika says:

    Save a fortune. Don’t replace Huhne.

    Clock is ticking

    Like

  12. 15
    Drop a Daisy cutter on the BBC says:

    Has anyone else listened to the bollocks pumped out by Radio 5 over Scottish independence this morning? Nicky Campbell (a self confessed Scots nat) has been bigging up Salmond and distorting the facts and not asking the real questions.

    For example, Salmond states that Scotland will continue to use the English pound, yet how can he do this?

    For example suppose Scotland’s economy starts to tank badly and Salmond needs a bail out, who does he go to? The Bank of England? What if he goes to the IMF? If Scotland’s economy gets as fucked as Ireland’s or Iceland’s it could drag the English pound DOWN even though the fuckers north of the border are nothing to do with us.

    I can’t see how Scotland can get away with not having its own currency or reserves or its own central bank.

    Why is this not being addressed as fiscal self reliance is surely the bed rock of an independent nation, not the fucking national anthem?

    Like

    • 19
      Boudicca says:

      Paxman conducted an excellent interview with Salmond on Newsnight last night- worth checking out.

      Like

    • 25
      Tessa Tickles says:

      Salmond seems to be in the same puddle as those other political chancers, the LibDems – make lots and lots of wonderful promises when in opposition, but once you’re in power and your promises are put under careful scrutiny under the cold cruel light of day, it all goes to Hell in a handcart.

      Like

    • 33
      Anonymous says:

      his country needs him… Bye Bye Nicky

      Like

    • 54
      Up sh1t creek says:

      Like

    • 100
      Ed the Axeman says:

      And how are they going to handle

      a) Barnett formula share of the debts
      b) Taking over the mess at RBS (Royal bank of Scotland), and HBOS (Halifax bank of Scotland).
      c) 50% of the workers working for the state.

      The sooner the UK is shot of the winging scots the better.

      Kick them out of the pound.
      Veto joining the EU.

      Unless they play ball on taking the mess with them

      Like

  13. 17
    Drop a Daisy cutter on the BBC says:

    I can fix the economy dead easy.

    1. Shut the BBC (gives everyone £145 back right off)

    2. Cut fucking spending and benefits to fat c u nt s with greasy hair who drop their stained knickers on a Friday nigh to breed yet another chav twat.

    3. Cut fucking taxes.

    Like

  14. 18
    A. W-Thompson says:

    Today’s Tesco money-saving tip!

    When planning to prepare a rich tasty gravy, its very important to include a good stock in your ingredients. I often take stock from Tesco which saves a lot of time and money at the tills.

    Like

  15. 21
    Nothing better to do. says:

    Georgie is just another big state know nothing. He’ll carry on talking the talk of cuts but doing as little as he can to actually cut anything. If you can find any difference between him and the socialists you’ll be doing well.

    Like

  16. 24
    Bishop Cnut says:

    Give all benefit claimants 100,000 pounds a year. Their expenditure will instantly revitalise the economy

    Like

  17. 26
    Steve Miliband says:

    Cut fucking taxes.
    Of every £1 made by a small company how much ends up in the entrepreneurs pocket? Fuck all.

    Like

  18. 31
    Taxfodder says:

    I COULD NOT AGREE MORE.

    Anybody who has run or been in business knows there is a point when its just not worth working your bollocks off with no or little reward.

    Why risk all you have so the government take the lions share not to mention landlords banks insurance and business tax all having a dip.

    The Government is where it deserves to be….in the shit and sinking.

    You can bet your boots if they get off their arse it will be too little too late!

    Like

  19. 39
    Widescreen2010 says:

    Inevitable.
    The UK economy had been ‘growing’ on increased debt, both private and public.
    The bedt bubble is deflating, so we are returning to ‘normal’.
    There isn’t a ‘clever’ way to get out of it.
    This has to happen.
    While proper businesses continue to grow (mine is growing >10% pa), the recession in the sham side of the economy (which is huge) cancels-out that growth in the final figures.
    Simples.

    Like

  20. 40
    DANGER says:

    <> Dumbo, you are a dumbo…

    Did you predict this? No! And when it happens you act all surprised and call for supply-side reforms!

    It’s austerity, dumbo! I predicted it — because of austerity. Europe and the UK are entering a recession — because of austerity. The US is growing, albeit slowly — because the US is not doing austerity. It’s simple, dumbo!

    <> Dumbo, you are a dumbo…

    Like

    • 48
      sockpuppet #4 says:

      So the government borrows lots of money, and everyone is happy.

      And somehow, sometime, something magic will happen in a few years time that lets you pay the money off. On the horses perhaps?

      Like

    • 64
      Rip van Wrinkle says:

      We’re going into recession? We’ve been in a fucking depression since 2000. Yes, 2000.

      For the first 7 years, the depression was covered up by a credit expansion of monumental proportions; private, corporate and government. That credit found it’s way into one asset class – property – and everyone thought they were rich. Not into production, not into investment, just property. 2007 saw the explosion of the private and corporate debt bubbles, government ramped up borrowing to fill the hole and now the shit is hitting the fan.

      Only two ways out of this. Take the pain for eighteen months and rebuild from scratch. Or print money. Either way, Mr Average Joe and Mrs Average Jane are going to get shafted.

      Like

  21. 42
    Munky says:

    Well fuck me ragged. HMRC posts results saying record tax take up by £1.5bn and the economy tanks.

    Who could ever have seen that one coming?? My two year old for a start.

    CUT BLOODY TAXES! Drop fuel taxes at the pump, cut the ridiculous green taxes on household fuel bills! Stop printing bloody money raise interest rates and get inflation under control.

    Muppets.

    Like

    • 57
      Hang The Bastards says:

      There is more money in savings. If they raised the interest rates, these people would pay more tax.

      simples !

      Like

    • 140
      Mando Lynne says:

      I’m pissed off, fed up seeing my hard earned savings completely down the shitter, get hold of Merv strip him of his knighthood and tell the bastard to get real and smell the coffee, put up interest rates tell those thieves at the banks they are already screwing everyone with exorbitant take it or leave it mortgage deals they have conned everyone into. The same goes for the credit card companies and cut fuel and corporation tax. Then it might instill some confidence.

      Like

  22. 43
    Jasmin Alibi Cunt says:

    Stop giving scrounging filth handouts, and stop giving mansions to 12 kid Somalian fucks wot used to live in mud uts

    Like

    • 152
      Widescreen2010 says:

      From the Beeb:-
      ‘The UK government has failed in an appeal against a decision which blocked its attempts to reduce solar power subsidies.’
      So, more taxpayer money into the sham economy.

      Like

  23. 47
    Peter Hain D.U.E.M.A Champion says:

    Good to see D.U.E.M.A back on form.

    Like

  24. 48
    Rip van Wrinkle says:

    Wrong, wrong, wrong, wrong. Supply side reforms my arse. It’s got fuck all to do with entrepreneurs and a 50% tax rate. When you set up a limited company one of the advantages is to pay yourself by way of dividends/investment income resulting in at least part of your tax being paid via corporation tax. And, in any case, in the early years of building a business, any profit made is going to be reinvested into the business.

    Osbourne has simply got to cut INCOME TAX particularly on the low paid. He’s got to put money back in people’s pockets. More demand, more jobs.

    This is a DEMAND problem, NOT a supply problem for fuck’s sake.

    Like

    • 136
      Major Eyeswater says:

      And the capital to set up that company, where did that come from? If it comes from people who pay a top marginal rate of 65% including both sorts of NI how can you claim that tax isn’t slowing new business investment?

      I agree with you that the low paid should not be asked to pay income tax if they also receive benefits – why must we have a wasteful bureaucratic money-go-round?

      Flat taxes with a zero rate band set at £14k, in line with the new universal benefit. I’d
      make the flat rate universal too – 25% for all income, capital gains, dividends etc.

      Demand side timulus has failed around the world. It’s time we got Thatcherite on it.

      Like

  25. 50
    himindoors says:

    Frack Lancashire!

    Like

    • 55
      sockpuppet #4 says:

      There are resources in Oxfordshire too you know. Perhaps it needs doing there sooner rather than later, just in case it would do anything to make HS2 subside.

      Like

      • 65
        himindoors says:

        I thought the Nimby concept is to make HS2 subside as much as possible? Whack! Two birds, one stone.

        Like

        • 93
          sockpuppet #4 says:

          I believe that some folks complained about cracks in their houses from the first TGV lines. Theres a real bonanza for lawyers there if theres fracking and HS2 in the same location.

          Like

  26. 56
    The BBC says:

    Hurray…hurray……whooooppeeeee. At last we have the negative figures we so desperately wanted so we can trash Britain and the evil Tories.

    This is all Thatcher’s fault. Bring back labour and our gifted dear leader Ed.

    More champagne anyone?…

    Like

  27. 59
    Fish says:

    Meanwhile the DT has uneathered an E-mail from Lord Owen in which he is caught plotting to bring down the Coalition and bring Labour back to power.

    He uses the National Death Service reforms as the vehicle to attack the Tories, mobilising it seems fellow peers including ‘Glenys’ (Kinnock?) who made the transition from school dinner lady to trougher in one easy jump.

    So that’s a non-elected Liberal DEMOCRAT trying to bridng down an elected governenment.

    Typical fucking socialist. http://www.telegraph.co.uk/news/politics/9037011/Lord-Owens-plot-to-topple-the-Coalition.html

    Like

    • 63
      Anonymous says:

      Funny how these old dinosaurs like Dr Death and Paddy Pantsdown have started crawling our from under their stones.
      Neither have any credibility whatsoever and I’d thought they were dead.

      Like

    • 75
      simple science says:

      The irony in the name. Social democrat, as if one could possibly exist…

      NHS legislation? Yeah (bangs drums) we want MORE managers!!!!!

      Like

    • 82
      Grumpy Old Man says:

      If the DT has the story right, and that’s a big “If”, then Clegg should refuse Owen the Whip at the very least. Look for flying pigs as a Sign.

      Like

  28. 76
    Anonymous says:

    It really isn’t worthwhile working hard today, end of story. Why should I work hard and pay giant taxes so my neighbour with her housing benefit and 6 kids can benefit?

    Not any more.

    There really is a game change going on here now

    Like

    • 91
      Grumpy Old Man says:

      There’s a thing called self-respect, my friend. Why allow yourself to be brought down to the lowest common denominator?

      Like

      • 106
        Archer Karcher says:

        There is also a thing called piss taking and for the last fifteen years, governments have been doing it relentlessly.

        Like

      • 108
        jgm2 says:

        The self-respect cuts both ways. Why work like a fucking slave to hand over all your cash to crooks.

        Like

        • 123
          Osama the Nazarene says:

          All your cash? A touch of hyperbole here, something of which Liebor are ALWAYS guilty.

          Like

        • 129
          Beverly Howells from Merthyr says:

          The DM’s worst rated comment on the £26,000 benefit cap. Read it and weep.

          I dont think this is enough. its disgusting. I have 9 children and no job, how am I supposed to clothe and feed them on this measly amount. Because Im a full time stay at home mum who also home educates as I refuse to send my children to a school where they have to compulsary learn the backward welsh languge, I dont have the time to go to a full time job. £26000 is pathetic Camewron. You try living on this.
          – Beverly Howells, Merthyr Tydfil, 23/1/2012 21:21

          Can’t be real, can it?

          Like

          • Trevor from Treherbert says:

            when the Soviet Republic went bust they said this:

            ‘ Comrades the handouts stop on Monday’

            and now they own half the Premier League

            Like

  29. 78
    Fat Cat Watch says:

    Like

    • 99
      Gordon Brown says:

      I am very good at ‘Cross Training’
      Rule 1 shout a lot
      Rule 2 Shout some more
      Rule 3 Throw a phone at them

      Like

      • 113
        Here on Planet Earth says:

        Oh dear poor Sarah.
        How dreadful for her not being able to find a running machine in any of those ski- hotels….

        Like

    • 111
      Fish says:

      Sarah,

      Hope you are having a good time on the slopes….whilst the rest of us at home facing up to the consequences of your husband’s incompetence. What does it feel like to be living with the moron who destroyed the financial wealth of a great nation and the well-being of its people?

      Now fuck off and break a leg

      Like

    • 112
      The General Public says:

      She really is is the most boring individual on earth.

      Like

  30. 87
    Charlie says:

    Here’s a good idea: reverse the 2004 tax on dividends for small businesses. It is a real disincentive to growth – and therefore empolying people… (yes – I run a small business)

    Like

  31. 102
    The Doddering Old Fart says:

    Parliament and the upper house is full of subversive treacherous shit like Owen and whoever are his paymasters. Not interested in whats best for Britain, just how do I fuck up whats here and working. Liars cheats and the thieves the whole fucking bent lot of them. Stop paying Europe 50 million a day, stop importing unemployable shyte from god knows where and stop sending benefits abroad to dependants of the scroundgers that have been let in. So endeth the lesson.

    Like

  32. 109
    Booby prize says:

    Remove the PIP implants from every council and from all Whitehall departments. Axe the QUANGOs immediately. They were given adequate warning to find another use for their talents.

    Like

    • 138
      George Brown says:

      Twerp.

      ‘Ministers have underestimated the cost of implementing their “bonfire of the quangos”, the Whitehall spending watchdog has warned.

      ‘The Government said it would save the taxpayer £2.6 billion by 2014/15 by axing 262 public bodies in the biggest Whitehall restructuring for decades.

      ‘However, the National Audit Office (NAO) said the transition costs would be at least £830 million – almost double the £425 million ministers estimated when they launched the plan in October 2010. As a result, the Government will now have to find total savings of £3.5 billion if they are to meet the 2014/15 target.’

      Like

      • 150
        Vraiment incroyable says:

        What transition costs? Giving Ministers back the responsibilties for which we pay them?

        Like

  33. 110
    George Brown says:

    ‘It is time for a supply-side revolution…’ Yes, cut wages, cut purchasing power, cut demand, and put even more businesses on the scrapheap.

    Like

  34. 114
    jgm2 says:

    0.2% of a total quarterly economic output of what, about 400bn? So 800 million quid of ‘negative growth’?

    Osborne will just ‘bring forward’ a couple of billion quid of spending this quarter – buy a few tanks or helicopters or a couple of hospitals and rig +0.3% of growth for this quarter. Way-hey – technical recession averted.

    Just you watch.

    Like

  35. 115
    Rumboid says:

    Finally you give Osborne & the coalition a kick in the pants. About time, Guido. The defunct Labour Party is a sideshow & you give it more attention than the coalition’s failures. Your financial instincts seem sound & make more sense in the short term (but green taxes once growth is established again, please) than anything Osborne is doing… starting with VAT…

    PS WHY has no tabloid jumped on your subsidised meals for MPs campaign???? They could easily get people agitated about it, as they should be. Makes me blud boil, m’lud.

    Like

  36. 116
    Edward speaks Balls says:

    Too far and too fast I TOLD YOU SO but you ignored my five point plan.

    Like

  37. 117
    The Cabinet Secretary says:

    So the UK economy is being run by a clown that spent his formative years consuming cocaine and shagging black whores.

    Like

  38. 118
    El Jezza says:

    Let’s see Flashman sort this one out.

    Silly sod.

    Like

  39. 120
    Edward speaks Balls says:

    Too far and too fast I TOLD YOU SO!

    Like

  40. 126
    inside- out says:

    Surely a change of Chancellor would make no difference.Its not one man running the economy its hundreds of Civil servants,Osbourne is only the mouthpiece.According to interview I read in F.T weekend magazine he only drops in to Treasury for 2 or 3 hrs a day.He just lets No11 get on with it.

    Like

  41. 128
    Phil Officer-Stone says:

    Perhaps people are not aware of the fact that Cameron was indoctrinated at Oxford in PPE, so worships in the same temple as Balls and all the other pseudo-intellectual theoretical socialists. His book keeper, Irish George, read Modern History – mainly written by his tutors.

    People who advocate job creation are fantasists. Governments and politcicians do not create jobs. Inventing administrative posts in the public sector is not job creation, it is cost raising.

    The majority of jobs in the UK are created by small and medium size businesses which are created by, in the main, ambitious and independent individuals.

    Similarly, reliance on financial services as an ‘industry’ is delusional nonsense. Financial transactions do not add value to ‘products’. They merely re-organise them into more attractive ‘opportunities. In reality, they hide the risks and pass them on. At each stage, costs are added, not value.

    Value is added to materials by altering form or properties to make that material useful to people who are willing to pay for that usefulness.

    Thatchers government destroyed industry because she believed that the whole country could become rich by applying shines to the arses of their trousers sitting in meetings. This is, of course, utter shite.

    The stupidity of the Tories was compounded by the wickedness of Blair’s government that convinced themselves, and millions of idiots, that we could become a nation of wealth by managing and exploiting technology. This ignores the question of where the technology is made.

    In order to have technological advantage in the world market place, the UK would need to be training engineers and scientists, constantly to invent and develop technologies that less intelligent or well educated nations might wish to buy. Sadly, this ignores the fact that some research has shown that Asian people are significantly more effectively intelligent than European Caucasians. They are also much more willing to work very hard. So, we are double fucked.

    When considering the ‘progress’ that has been made by Tory and Labour governments in the field of education in the last 25 years, we see that we are thrice fucked. Selling qualifications as a lifestyle commodity has rather undone the ability of our graduate classes to engineer or science their way through the skin of a rice pudding. Those who have taught overseas students in our universities will have interesting insights into the quality of education in, for example, China and India. In short, they do in secondary school what our kids do in Universities.

    On the whole, I have reached the view, in this late stage of my life, that the real problem we face is that there is no part of human existence that is not thoroughly embuggered by the self selecting, lunatic, ego-maniacal political class.

    I keep trying to persuade the younger members of my family to learn metal craft, woodworking, plastering, carpentry, bricklaying or plumbing. They would become financially secure in very short order.

    Like

  42. 141
    Pundit says:

    Time for drastic action. All public sector pensions capped at £15000 pa.

    Like

  43. 145
    I hate Blue Labour says:

    Osborne is the very definition of a boy to do a man’s job.

    Like

  44. 148
    sanelynch says:

    Did Ed Balls write this piece?

    Like

  45. 151
    Thomas from Tonna says:

    19 of 57 PMs have come from Eton including the present PM.

    the current UK opposition cites Keynes as the way forward.

    Keynes went to Eton too!!

    Like

  46. 156
    bill hague's bitch says:

    fcuking incompetent government: they come over here, ruin our economy, take our jobs, shag our men. they should go back to eton.

    Like


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