March 20th, 2013

CHART: Spending v Receipts in Full


215 Comments

  1. 1
    Tom watson says:

    Yummy I like Pie Charts.

  2. 2
    Pickles and Prescott says:

    Mmmmmmmmmm

    A Pie chart.

  3. 3
    David Minibanana says:

  4. 4
    annoyed user says:

    Most half arsed pie charts ever, large to small clockwise, is that so hard?

  5. 5
    Hard Working Singleton says:

    Way too much spent on “social protection”, a load of this goes on winter fuel payments for posh pensioners and money doled out in tax credits to people who are miles from the breadline.

    And that’s before we get to the lazy slobs who claim unemployment benefit for months on end.

    Yes to protection but no to funding lazy lifestyles, spare rooms and plasma TVs.

  6. 6

    Reblogged this on James-J Walsh and commented:
    Spending v Receipts in Full

  7. 7
    Hard Working Singleton says:

    The louder Ed shouts, the worse he is.

    He’s a man of bluster who rushes into things. I’m worried about him going near government, he tends to rush things. Look how he cooked up a deal with Hacked Off in the middle of the night, what a stupid mistake.

    He can’t be trusted when the pressure is on.

  8. 8
    I like tax cuts says:

    I’m relatively pleased with the budget. The tax cut and rise in personal allowance suits me fine. I’m not flush with money, so whilst the rise in allowance won’t make any difference to the rich, I like to keep more of the money I earn.

  9. 9

    Pie Charts are OK but they only show 100%.

    Since we spend so much more than we raise, we need Pie Spirals.

  10. 10
    Huge Grant says:

    Hands up on the front bench if you’ve ever watched one of my films.

  11. 11
    Lies Damn Lies and Pie Charts says:

    In my experience, Pie charts are like statistics and always presented with a bias.

  12. 12
    Blue Sky Thinking says:

    Why not cut business taxes altogether? Watch the private sector explode, foreign companies flood in, jobs multiply, personal tax receipts rise, social spending drop.

  13. 13
    RED ED - SON OF BROWN says:

    Did I look butch and statesmanlike today ?

  14. 14
    Bless their pointy little heads says:

    Have governments ever thought about making an appointment with the citizens advice borough, you know basic advice about how to your match expenditure with your income and don’t fall into the trap of borrowing from money lenders at exorbitant rates.

  15. 15

    Google search headlines for Budget 2013

    BBC – Osborne halves growth forecast

  16. 16
    Good question says:

  17. 17
    Frank Butcher says:

    Butch? You got butchered. You plonker.

  18. 18
    RED ED - SON OF BROWN says:

  19. 19
    The BBC are cunts says:

    :)

  20. 20

    Budget 2013: UK economic growth downgraded
    The Guardian‎ –
    Budget: 2013 Growth Forecast Is Cut In Half
    – Sky News
    Budget 2013: Price of beer cut by 1p, …
    The Independent

    Not like the gloom-doom Indy to care about a pint of beer.

  21. 21
    Hard Working Skiver says:

    What were you smoking Ed? Must have been a banned substance.

  22. 22
    Lest we forget says:

  23. 23
    Anonymous says:

    Deficit £108bn for 13/14 before 13/14 starts when 13/14 ends it will be over £130bn.

  24. 24
    Soapy is worth a thousand BBC Journalists says:

  25. 25
    Anonymous says:

    How come corporation tax so small? It is because big companies can pay what they like?

  26. 26
    Fuck it says:

    How hard can it be to cut fucking spending?

  27. 27
    himindoors says:

    In the “good times”, does that invert to become a Pie Hole?

  28. 28
    Anonymous says:

    What is personal social service? It sounds very dodgy.

  29. 29
    Deepthroat says:

    George seems to have a terrible frog in his throat. Is it Baron de Rothschild’s cock?

  30. 30
    Bless their pointy little heads says:

    Must be sarcasm… 1 pence.

  31. 31
    Pardon? says:

    Corporation tax kills jobs.

    Which would you prefer, high corporation tax and higher unemployment and higher cost to consumers, or lower tax, higher employment and lower costs?

  32. 32
    Kevin T says:

    Next time criticise the budget rather than just rehash your sarky-voice PMQs schtick. Economic criticism doesn’t work coming from you, you’re less trusted than the Tories.

  33. 33
    Amazon says:

    What is ‘tax’?

  34. 34
    (I don't need no doctor) says:

    Ed Miliband lost it completely in his reply. Apart from insults what did Miliband have to offer as an alternative. It seems Miliband and Balls are stuck in the comprehensive school playground..

  35. 35
    Eddie Balls says:

    My plan is to have negative interest rates…Then these new home owners will be making money as house prices rise, and on the negative interest on their debts.

  36. 36
    Anonymous says:

    Others £53bn. How can others be so big? This is where whole loads of things will be hidden.

  37. 37
    Pardon? says:

    As does ‘other’ 84 billion between them, a lot of room for chop, chop there.

  38. 38
    S says:

    No. It is generally recognised around the world that corporation tax is very inefficient. It’s based on company profits and that is to say the least a very flexible thing. A lot of effort by all governments is going into finding something better. So in effect the rate is just a headline figure that means diddly squat in the real world.

  39. 39
    Kevin T says:

    1) Go around every public sector office in the country and find everyone with the word “diversity” in their job title. Shoot them in the head.

    2) Get a list of every public sector employee who has been on the sick for more than a month and doesn’t have something like bone cancer. Go to their homes and shoot them in the head.

    Simple and effective way to start.

  40. 40

    Its f~ing impossible.
    I can’t even get the local library shut. People moaning and wailing and placarding the high street.

    About 30 people a day use it. Around 4 an hour. There are more people outside protesting about saving it, than there are inside using it.

  41. 41
    Pardon? says:

    Given that Miliband was the architect of the idiotic Climate Change Act, it is somewhat surprising that he trusted with anything at all.

  42. 42
    UK= spiv central says:

    Funny how the most successful major-country economy in the world gets by with 29% company profits tax. But then, unlike the mostly degenerated sociopathic British scum, the Germans still hang on to this outdated notion called society.

  43. 43
    Bless their pointy little heads says:

    And they can’t read anyway.

  44. 44

    I missed a lot of what he said after the downgraded chancellor. Partly , as its a reflex action to mentally tune him out, and also because LBC radio said .. “lets leave it there for Mr Miliband and go and talk to someone else…”

    Sensible people.

  45. 45
    Hang them all says:

    Interest rates kept low. Savers have effectively a negative rate of interest. Might as well be in Cyprus and have it stolen by the gummint.

  46. 46
    Anonymous says:

    Corporation tax doesn’t kill jobs. Green tax, free trade with slave labour countries, etc kill jobs.

    Corporation taxes in China, India, etc are higher than UK, still jobs move from UK to China, India, etc.

  47. 47
    Pardon? says:

    How much of that ‘social protection’ is housing benefit to scrounger families who NEVER work, or ever intend to?

  48. 48
    Anonymous says:

    Nothing from Millitwat. No political debate just insults. He is a numpty.

  49. 49
    EU Watch says:

    This could be another ‘unconventional’ mechanism that could be considered in the UK:

    Not sure how that is going to work. Taking 0.2% out of banks capital will weaken the banks and translate into a reduction in interest payments on deposits, and an increase in mortgage rates / fees.

    Under BASEL rules this could put some into very iffy territory.

  50. 50
    steve smith says:

    Comprehensivly outclassed again and what is blinky mouthing at Osborne constantly? He looks like a mong

  51. 51
    Jesus wept says:

    Were you educated under Labour? Do you know what the singular of pence is? Look at a 1p piece and it’ll tell you.

  52. 52
    Hang em says:

    Think of the cost of bullets though

  53. 53
    Frank Butcher says:

    Ed Miliband. What. A. Drongo.

  54. 54
    EU Watch says:

    And the following demonstrates that Troika have Cyprus banks firmly in the cross hairs.

    Cyprus banks will reopen next week, but may be trading in Cypriot Pounds rather than euros. This rhetoric is designed to push Cyprus out of the euro.

  55. 55
    Frank Butcher says:

    It says something when he gets done over by Osborne.

    Bleedin open goal and he slips, falls flat on his face and the ball trickles to Osborne.

    What a plonker Labour have for a leader.

  56. 56
    Anonymous says:

    Corporation tax is very low in Cyprus (10%), Ireland (12.5%), etc; these are the countries going around the world with a begging ball. Why?

  57. 57
    Another Engineer says:

    Then again, the banks might decide to “charge” customers 0.2% of their deposit per year for them to “look after” it.

    Cyprus II

  58. 58
    David Minibanana says:

    A pretty little girl named Suzy was sitting on the pavement in front of her home.

    Next to her was a basket containing a number of tiny creatures; in her hand was a sign announcing ‘FREE KITTENS’.

    Suddenly a line of cars pulled up beside her.
    Out of the lead car stepped a grinning man.

    “Hi there little girl, I’m Ed Miliband, prime minister in waiting”
    What do you have in the basket?” he asked.

    “Kittens,” little Suzy said.

    “How old are they?” asked Miliband.

    Suzy replied, “They’re newly born.”

    “And what kind of kittens are they?”

    “Labour supporters,” answered Suzy with a smile.

    Miliband was delighted.

    As soon as he returned to his car, he called his PR chief and told him about the little girl and the kittens.

    Recognizing the perfect photo op, the two of them agreed that he should return the next day;
    and in front of the assembled media, have the girl talk about her discerning kittens.

    So the next day, Suzy was again on the pavement with her basket of “FREE KITTENS,”

    Suddenly Milliband’s entourage pulled up, this time followed by vans from BBC, ITV, ABC, CNN and Sky News,

    Cameras and audio equipment were quickly set up, then Miliband got out of his car and walked over to little Suzy.

    “Hello, again,” he said, “I’d love it if you would tell all my friends out there what kind of kittens you’re giving away.”

    “Yes sir,” Suzy said. “They’re Tory supporters.”

    Taken by surprise, Ed stammered, “But…but…yesterday, you told me they were LABOUR SUPPORTERS.”

    Little Suzy smiled and said, “I know.

    But today, they have their eyes open.”

  59. 59
    Anonymous says:

    Rules are to be broken. Clearly if you express it in your way the wording becomes crowded in one corner.

    I like the message this arrangement sends:

    All income taxes and beer provide half the receipts.

    Over half the cost is targeted at a limited part of the population. As opposed to services to aid the whole population.

    So income tax and drinking simply pays for those that cannot work. So how many do I support?

  60. 60
    Bless their pointy little heads says:

    How many gold teeth have they got Angela?.

  61. 61
    V1le, vicious Labour ruined my Country says:

    This will be including the cockroach MPs secret allowances that will remain secret now the press are muzzled.

  62. 62
    Pardon? says:

    Because Osborne is locked into tax and spend and too blinkered to look at alternatives to the present Keynesian bollocks?

  63. 63
    Anonymous says:

    Corporation tax in Cyprus is 10% and Ireland 12.5%; these countries are bankrupt why?

    From what you are saying they should be creating loads and loads of jobs, but in reality they are bankrupt.

  64. 64
    Lord Oakeshott says:

    I’m a pompous arsehole with a big gob, and I’m delusional. I have it all.

  65. 65
    George O says:

    Thanks to my policies, the state will bankrupt the country in May 2019, a good 9 months later than it otherwise would have. I commend this budget to the house.

  66. 66
    Mr Pepper says:

    It shows how he loses it when under the pressure. He’s fine with scripted jokes fed to him by speechwriters but he falls apart when he has to think on his feet.

    He’d get mullered at an EU summit.

  67. 67
    Anonymous says:

    Where is our contribution to the EU in the spending pie chart?

  68. 68
    V1le, vicious Labour ruined my Country says:

    There should be a choice on housing welfare, either take it as a repayable loan or be moved into a caravan. We can’t afford to keep these sponging swine anymore.

  69. 69
    Ah! Monika says:

    I cringed on behalf of the British People and Parliament when Miliband brought up the booing of the Chancellor.

    Worse than crass.

    Brown was never booed?

    B Liar was never booed.?

  70. 70
    Anonymous says:

    A company that the government recently touted as a success in growth, doubled its investment when a group of public sector workers exceeded all expectations. The on-going denigration of the public sector made them believe that the expansion would be a hard fight. It was not the case. They enlarged their investment.

    The public sector does not spend anything on marketing. So they do not promote themselves and are only unfairly slated by politicians. Then hypocritically their success is used by the exact same politicians to promote the government. Would you work for a private company that had no ability to market their own achievements.

    It seems fair game to bully and insult the defenceless. It shows the mental state of these politicians.

  71. 71
    Brillo says:

    I’m the only person in the BBC news department who has even read a book about economics so naturally when it’s the Budget they give me a day off.

  72. 72
    (I don't need no doctor) says:

    BBC News Budget. FFS let Alexander answer your questions without continually interrupting.

  73. 73
    Ah! Monika says:

    PS I then switched off. Sounds like he got worse.

  74. 74
    (I don't need no doctor) says:

    Yes where are you?

  75. 75
    Anonymous says:

    Voluntary payment for you.

  76. 76
    Lying Politicians and Thieving Banksters says:

    All your money are belong to us.

  77. 77
    Kevin T says:

    Which company was that then? An actual private company or one of the parasitic organisms run by ex civil servants that make all their money by sucking politicians’ cocks to get state contracts? Was it a diversity team that doubled its investment?

  78. 78
    Anonymous says:

    With no interest rates and a risk of this “charge” the money will leave.

    Money is free. The only thing left in this country that does have freedom. Concreting in safe tomorrow.

  79. 79
    In a surprise move says:

    The Cypriot government have asked Ed Balls to sort out their financial mess.

  80. 80
    (I don't need no doctor) says:

    Tom Watson ate it.

  81. 81

    No. That is Pie in the Sky which Spirals out of Control.

  82. 82
    Bless their pointy little heads says:

    Penny for your thoughts.

  83. 83
    Anonymous says:

    Corporation tax in Russia 6%, Ireland 12.5%, and Cyprus 10%. Tell me how many jobs these countries created and why are they in a mess.

    Germany with 33% corporation tax is doing well compared to countries with much lower corporation tax.

  84. 84
    Gerry Mandering says:

    You will find that the EU does not allow this. If you get out of line on tax e.g. Ireland, you will get hammered by high cost areas like Germany.

    Keep the pound, get out of the EU and dump Europe. The future is BRIC and not the types that GO wants to inflate – to keep the stupid bankers from defaulting on all those loans they got from BoE based on their toxic balance sheets.

    Vote UKIP

  85. 85
    Wee Timmy Tim says:

    Plato, is that you ?

  86. 86
    Historian of our times says:

    Here is an interesting objective nalysis from an I s r a e l i commentator

    Look carefully at his language

    http://www.globes.co.il/serveen/globes/docview.asp?did=1000830898&fid=4241

  87. 87
    fruitcake says:

    Yeah, I like Soapy

  88. 88
    Execute Every Last Mother Fucking One of Them says:

    I recall someone said there was no such thing as society? Not round here anymore for sure, the locals have been moved on and the New Citizens are here in droves, they love the free NHS, schools, housing benefit, tax credit and child allowance. Much better than back home in Shitovia

  89. 89
    Debt says:

    Lets see..does it have something to do with owing 150 times GDP {Ireland} Or 853 times {Cyprus}

  90. 90
    fruitcake says:

    Ah, the charge of the lard brigade

  91. 91
    Anonymous says:

    £97 billion a year wasted on teaching kids how not to read and write.

  92. 92

    Why don’t you lend your savings to a first time buyer and take an equity share.

  93. 93
    Universal Hiss says:

    Well it is in Labour’s DNA.

  94. 94
    Harriet Harman says:

    I like PIE.

  95. 95
    EU Watch says:

    Merkel is picking up flak, but it is Wolfgang Schäuble who is the primary problem in Germany.

    This decision will be Troika, of which Merkel does not have complete control over. Not trying to defend her, but scapegoating an outgoing chancellor is fishy in the extreme, and misses the real problems.

    In Soviet style systems it always pays to look at the #2 person.

    Here is some more detail, as Schaeubel et al. have got GBP in their cross hairs. Good trading partners generally do not try to destroy your currency:

    http://www.dailymail.co.uk/news/article-2063103/Germanys-war-pound-Youll-join-euro–sooner-think-Cameron-told.html

    This is dangerous as well with Federal elections coming up. There is a clear axis between CDU Schäuble and the SPD who most would expect to win the September Federal elections.

    One suspects that the German people have figured this out which is why Alternative für Deutschland, AfD (German UKIP) is picking up support now, Gr!llo style.

    The left wing consensus axis I allude to runs through Hollande, Barroso, and the other EU / ECB rogues, as well as Lagarde at the IMF.

  96. 96
    Execute Every Last Mother Fucking One of Them says:

    Don’t think he’s looking at all just a small group of Treasury Mandarins more like tell him what to do and Dave who’s equally clueless just nods it through. Common Purpose most likely planted them years ago.

  97. 97
    Pardon? says:

    Who pays corporation tax you economic illiterate? The corporation or the corporations customers? Sure the corporation write the cheque, but where do they get the money from in the first instance?

    Higher taxes result in higher cost, which translate into higher prices and higher unemployment, lower taxes result in the opposite.

    It’s not rocket science.

  98. 98
    Lord Stansted says:

    Meanwhile, all the BBC could come up with were comments from a trade union official (predictable), a bloody vicar (predictable), an agressive Labour MP (predictable) and MIng Campbell.

  99. 99
    Execute Every Last Mother Fucking One of Them says:

    You look Butch in lesbian way you f_cking woman

  100. 100
    Calamity Clegg, Chief Cockroach says:

    You’re also a LibDem. Welcome to the Cockroach Club.

  101. 101
    fruitcake says:

    I think they just use more dimensions

  102. 102
    john in cheshire says:

    I think it’s sensible to say the basis of any plan for recovery boils down to: 1.Stop taxing; and reduce taxes in real terms,2. Stop spending; drastic reductions in government spending our money, 3.Increase interest rates; this will feed disposable to the savers who will then have a chance to spend it and thus stimulate the economy which in turn will create more proper jobs.

  103. 103
    EU Watch says:

    The banks could not easily do that, unless they decide to set up an account fee based as such, or a negative interest rate.

    The reason banks do not do that is because it will discourage savers.

    A bank deposit is a loan to a bank by the depositor.

    If the bank charges you to store your money, capital will flow out reducing the banks capital and put it out of business. A competitor bank will simply not charge an account fee and attract deposits, or people will put their money into some other instrument.

    The point is that such a tax levied against banks based on deposits will weaken the banks. The banks are meant to still be weak which is the reason for the bailouts. So, the fallacy of the move is that in order to support the banks you will weaken them. It does not compute. :-)

  104. 104
    RED ED - SON OF BROWN says:

    Cue monetary meltdown.

  105. 105
    Uncle Joe says:

    This man will go far, till i have him shot!

  106. 106
    The BBC is biased....get over it says:

    Don’t be daft the BBC never ever lets anyone from the Government(even if they are LibDem answer a question without interupting before they have answered. It’s in the contract)However Balls is now live on BBC Budget programme and being allowed free rein to give his views whilst the BBC interviewers nod in agreement at his answers and views of Osborne’s incompetence and how the budget is hitting the poorer in society whilst rewarding millionaires in the Cabinet….Bedroom Tax ! Bedroom Tax ! Bedroom Tax !

  107. 107
    Anonymous says:

    Whatever happened to eliminating the deficit during course of this parliament? Too busy paying down the debt I guess.

  108. 108
    Pardon? says:

    Try and compare oranges with other oranges. If you can. Comparisons between Germany and Cyprus, are frankly, ridiculous.

  109. 109
    Uncle Joe says:

    I can get people to increase their productivity by 1000% every day!

  110. 110
    Anonymous says:

    Debt, this is what happen when you cut corporation tax. Over the years if they had gone and collected reasonable amount in corporation tax they will not be in this mess.

    Russia is another e.g. corporation tax is 6% but except energy (natural) there is no other industry. People and companies doesn’t even want to keep there money there even though taxes are low.

  111. 111
    Anonymous says:

    Employer’s NI doesn’t help.

  112. 112
    Tom Watson says:

    You’ll f**king regret that (belch)

  113. 113
    Ed Balls - Shallow Chancer says:

  114. 114
    MI5 says:

    Gideon wants to crack down on tax evasion

    He is quite right

    He should start with the Russians in London…

    This is how it works in Cyprus

    http://www.log-analyzer.net/why-cyprus-is-called-a-money-laundering-machine-for-russian-criminals/

    The same system is used widely in London except no one wants to talk about it…

    Why do you think ALL the major UK banks have been fined billions for this offence?

  115. 115
    Pardon? says:

    You’re wasting your time with anonymong, he clearly hasn’t a clue. But then, what toilet cleaner would?

  116. 116
    Huge End O'Scope says:

    Hugh, you want my hands up on the front bench, me bent over and my legs splayed, is this correct?

  117. 117
    Lord Oakshitt says:

    …and I don’t know the meaning of the word, ‘loyalty’

  118. 118
    If Dave couldn't beat Brown he has absolutely no chance against Miliband says:

    He’ll still win a land slide in 2015….so WHICH party has the plonker for a leader ??

  119. 119
    Labourunionsbbc are one under the EU says:

    Seeing little ed waggle his finger today I realise he’s good at one thing: waggling his finger in a very headmaster like manner.

    But he’s no statesman, not by a long way.

  120. 120
    How Camoron wastes our wages says:

    ‘Others’ includes:
    £20 billion wasted on EU contributions.
    £11 billion wasted on foreign aid.

    Various other billions wasted on euro bailouts and so on.

  121. 121
    Anonymous says:

    Pardon, you are the one who said corporation tax kill jobs. Then explain why Ireland and Cyprus are in this state and Russia 6% corporation tax hasn’t got any other industry then energy (natural).

    Even the rich Russians and their companies doesn’t even want to keep their money there.

  122. 122
    Herman van Rumpboy says:

  123. 123
    Pawn Sandwich says:

    So what is the name of this company? Please tell. Ask your mate down the pub to tell you the name.

  124. 124
    Fishy says:

    McDoom gets the reception he deserves

  125. 125
    The BBC rubbishes the Budget says:

    Whilst doing Outside Broadcasts from Labour areas “oop t’North” to “gauge Public’s Response” to the Tory Budget…Now THAT is predictable

  126. 126
    Anonymous says:

    Pardon, based on your argument Russia (6%), Albania (10%), Cyprus (10%) and Ireland (12.5%) should be heaven on earth. But for most of the people living there its hell.

  127. 127
    Florence Nightingale says:

    My idea. I wish I had copyrighted them.

  128. 128
    Anonymous says:

    Its five years moving target in other words mirage.

  129. 129
    Kebab Time says:

  130. 130
    Fishy says:

    I think that they were worried that you might ask Muddleband or Balls some real questions…those should only be asked of the Coalition today.

  131. 131
    Fourth party watch says:

    *BREAKING NEWS*

    As a result of lord oakshit’s recent announcement the Cockroach party is moving from behind the cooker to behind the fridge.

    Apparently there is a large deposit of goo there.

  132. 132
    Another Engineer says:

    I understand the point. It is similar to banks here being told to lend more and increase their capital ratio at the same time.

    Our banks have been bleating on about “the end of free banking” for a while though, but the cartel hasn’t quite got organised yet.

    Does anyone with substantial savings really keep them all in a bank?

  133. 133
    National Debt says:

    £51 billion debt interest. Thanks for the investment LibLabCon.

  134. 134
    Anonymong says:

    Recycle. Ditch the pistol and use a sledgehammer.

  135. 135
    Gonk III says:

    For a career traitorous politician of the anti nation state generation, a cut is only comprehended when discussing hedges and hair.

  136. 136
    Ballsup is the biggest mong since Healey says:

    Cue spectacular monetary meltdown. With cherries on top.

  137. 137
    Anonymong says:

    Uncle Joe, you are quoting tractor stats. You are Gordon Brown and I demand my five pounds. Of gold, not that promisory note bollocks.

  138. 138
    Anonymous says:

    Better check whether the “Tweeter” has any political leanings!

  139. 139
    English lessons for Gruadian writers says:

    Bloggers’ meeting.

  140. 140
    Christine says:

    Lagarde meurt mais ne se rend pas!

  141. 141
    Anonymous says:

    Pardon, you haven’t got a clue or you are promoting this view to pay less tax, while most employed people are paying over 50% of their income taxes.

    I support cutting taxes for hard working people (middle classes and poor) and not cutting taxes for the supper rich.

  142. 142
    Pardon? says:

    “Debt is what happen ( sic ) when you cut corporation tax”

    No, it’s what happens when you mismanage the economy and borrow ever greater amounts to ‘pay’ for benefits and services.

    Taxing success and employment, is a recipe for a failure of both.

  143. 143
    Loves Europe, Hates the EU says:

    Ad hominem attacks are the opening salvo of any socialist “discussion”.

    Vote UKIP!

  144. 144
    EU Watch says:

    That is not the point.

    A deposit is a loan to the bank.

    Why should either you or the bank be taxed on a loan which you make to it ?

    By this logic, credit card companies should be paying you to borrow their money.

  145. 145
    Anonymous says:

    Just looking at the numbers over £100bn can be cut and given as tax cuts to the middle classes and poor.

  146. 146
    Jack says:

    10 years later and still no Chilcot report

    Is there no accounability ib Britain?

  147. 147
    Bless their pointy little heads says:

    Covered in what?.

  148. 148
    EU Watch says:

    More to the point: Luxembourg.

  149. 149
    Chariot Kiddyfiddler says:

    I have always supported the PIE objectives.

  150. 150
    Storm clouds over Camoron says:

    I see blinky is all over the 24hour tv news service, being the expert he is a losing money, I suppose it’s a good idea to have him and his expertise telling how he and Broon saved the world and get Osborne to do the opposite.

  151. 151
    EU Watch says:

    I can only guess with glee at what they will find.

    Unless this is on the tip off that some of her new friends in Russia may have left her a gift.

    Perhaps time for her to resign.

  152. 152
    Anonymous says:

    In UK most middle class and poor pays over 50% of their income as taxes, you are not bothered about cutting taxes for them. But you want the tax very rich people who owns companies like Osborne’s dad pay being cut.

  153. 153
    Anonymous says:

    A sign of our times:

    http://www.dailymail.co.uk/news/article-2296214/Imie-Harrison-Pictured-Schoolgirl-6-died-falling-freezing-canal-playing-twin-brother.html

    So ignoring all the implications of 6 year olds alone near a road. Why was there no one around to see them playing? Did no one think it was odd?

    The canals of this country are the remnants of an industrial age. For example like a train track would be if we abandoned rail travel. Yet in those days the canals were vibrant places of work and living. They were busy with people and designed with use in mind.

    Yet now we have them as a legacy, but the policy is to depopulate them. It seems that their use is only for sunny days of the summer. Every boat is being moved off the canals to marinas and so the safety and observance of the canals has been lost.

    Falling in was not a problem if others were around to hear the splash. Even now whole sections of deep water have no means of escape, and the government thinks this is normal. In France the canals even have steps added for ducks but UK does not even believe children need adequate means of escape or ability to raise the alarm.

  154. 154
    Pardon? says:

    Servicing Rothschild’s cock, is costing us all £51 billion this year. Enough to make anyone choke, I would have thought.

  155. 155
    Kinky Harriet HarPIE says:

    Chains hopefully. Lots of chains.

    And brought before me to beg forgiveness.

  156. 156
    Gonk III says:

    You looked like a 6th form stamp collector with a selection of penny blacks crammed up your arse after they were put in a shoe box for safe keeping.

  157. 157
    Tiger Toes says:

    “Response” to the Tory Budget…”

    Correction: Coalition Budget

  158. 158
    Anonymous says:

    Part of the economic mismanagement was irresponsible cuts in corporation tax. I do support giving tax relief for investment, but Osborne went and cut investment relief.

  159. 159
    Casual Observer says:

    Apparently they are looking for evidence of wrongdoing when she was finance minister back in 2008.

    Wouldn’t be credible to get her for sexually harassing Boris ;-)

  160. 160
    Jack says:

    How come Cypriot banks were offering 5 to 9 percent on deposits?

    And then suddenly went bust?

    And how come THEIR BANK DEPOSITS REPRESENT 800 PERCENT OF GDP.

    see 112 below for answer

  161. 161
    Bless their pointy little heads says:

    That sounds like Mosley territory, and we must not go there.

  162. 162
    Axe The Telly Tax & Religion says:

    Check the latest German opinion polls. They show Merkel CDU/CSU is way ahead of both the SPD and the ecolooney Greens. The AfD hardly register.

    Merkel will win easily.

  163. 163
    Tiger Toes says:

    Employers NI is a tax on jobs.
    It’s a great disincentive to employ more staff.

  164. 164
    Gideon the Great Escapologist says:

    You must focus. I am eliminating the deficit over the life of this parliament but I don’t have the figures to prove it……………yet!

  165. 165
    Casual Observer says:

    Not to make light of the tragedy, but wasn’t government policy and propaganda convinced that global warming would see people frying eggs on their car bonnets this time of year ?

  166. 166
    Our type of expert says:

    Menzies Campbell – dribbling moron who can’t pronounce his name right.

  167. 167
    Socrates says:

    Plato is that really you?

  168. 168
    MI5 says:

    Cypriot banks just ran a massive money washing machine

    Combined with Ponzi scheme

    They just imitated the UK banks until they collapsed in 2007-8

    Same causes same methods and same results

  169. 169
    Dr Evan Harris says:

    Can I join the Cockroach Club?
    After all I’m a prime supporter of Hacked Off whilst claiming to be a campaigner for free speech and human rights!

  170. 170
    SP4BS says:

    I don’t believe you. But then, I wear piss coloured spectacles.

  171. 171
    Uncle Joe says:

    Mines already gone, just keep the very bare minimum to handle direct debits and just top up as needed. All my savings are out of the Ponzi banking system totally. I’m not rich I’ve had to work all my life (paid all my taxes, never broken the law, never claimed any state benefit even when i was unemployed for 4 months a few years ago) i’m not an intelligent man i just know that unless you have money from birth you have to work, but i also know that we’re being ruled by people who don’t respect work or other peoples money. So their not having the small amount i have.

  172. 172
    Bless their pointy little heads says:

    Can’t understand it, the University of East Anglia told us all we would never see snow again, I blame it on the computer model.

  173. 173
    Casual Observer says:

    Most of the large fines for that offence imposed on British banks have been in the US, and by US regulators.

    This is for several reasons, but mainly:

    i) Treading on Wall Streets toes / undermining US foreign policy objectives
    ii) Regulation is not enforced in London as it would damage business

    It can also be regarded cynically as the way in which regulators in the US fund themselves. For deeper understanding, look into the political aspects of US regulation.

  174. 174
    Anonymous says:

    Bit too light for me, considering the amount of deaths in canals. The official government line is that falling in, is unavoidable and they will not do anything. The unwritten assumption is that death is the consequence. The lack of being able to exit the water was confirmed as perfectly OK by this government in writing.

    Even after specifically proposing a cheap solution (used and mandatory elsewhere) to a problem that had claimed a child’s life previously, they refuse to discuss it at all.

  175. 175
    SP4BS says:

    Simplistic logic. vaguely ridiculous.

    If banks don’t want to “look after” your money for you, they’re allowed to charge you. up to them.
    But surely banks and bankers are reallly really clever and know what to do with money given to them other than give it to the bank of england, if they don’t want the money going to themselves any more.

    If someone invents a business model where credit companies give away money, thats fair enough. but you might have noticed that credit card interest isn’t the same as Bank of England rate.

  176. 176
    Casual Observer says:

    Indy said the same thing. The next generation would not know what snow is, it said back in 2000.

    I blame the sun. Not the newspaper mind, the big bright thing in the sky which the mongs at East Anglia Uni should have paid a bit more attention to, rather than their spreadsheets.

  177. 177
    Helpful serf says:

    Yes, that’s why GO did something to help alleviate it today. Many SMEs will be delighted with this quite major reduction in their costs columns.

  178. 178
    The Sun says:

    Sheila with her tits out is disappointed that there weren’t changes to capital allowances in the Budget. He ought to have recognised my good points.

  179. 179
    Lobby Ludd says:

    You are a war criminal and I claim ny £5.

  180. 180
    Casual Observer says:

    Agree, but then we did have a lot of deaths under Labour for 13 odd years, and the Canals themselves have been around for over 100 years.

    They are dangerous, and during the credit boom years, why didn’t Labour attempt to fix this ?

    The duck step idea from France sounds like a good approach.

    Mind, during that boom, a lot of disabled ramps and stuff were put in, so why no attention to canal safety ? Should have been a socialist no brainer for job creation.

  181. 181
    SP4BS says:

    “In France” you’ve seen all the canals in france then have you?
    There are plenty of dangers out there for children, in Britain, France everywhere.

    You can’t even blame Thatcher for this one. Canals haven’t been busy since the 19th century

  182. 182
    Bless their pointy little heads says:

    None of them ever do mention the Sun, rather odd what?.

  183. 183
    Coo I bet those ideas took a good long mind shower says:

    Ah! The Jeremy Clarkson School of Management. Almost as good as the Ed Miliband Diction Academy!

  184. 184
    Casual Observer says:

    And indeed it was Labour who cleaned them up, made them accessible and encouraged people to start using them again.

    This death is a cross party issue, but Labour has more blame as they did not address the obvious safety concerns when opening up canals to the people again.

  185. 185
    Helpful serf says:

    Since international trade died up, there is a huge surfeit of empty 40′ containers. They do make excellent homes…. and all free too!

  186. 186
    SP4BS says:

    I don’t believe this “duck step” bollocks. And would you really fit them to the thousands (well, many hundreds) of miles of canal, every 50 metres perhaps.

    Perhaps you’d like all rivers and hills to have big fences round them, and cotton wool piles at the bottom.

  187. 187
    Helpful serf says:

    ‘died’ is appropriate, but I meant ‘dried’.

  188. 188
    Huge End O'Scope says:

    What bloggers then? Was it just Evan and HuffPo or something equally representative?
    Hacked Off are so busy dictating policy perhaps they could spend some time managing the EU budget as well…certainly could do with some class-act meddling and interference

  189. 189
    Yes, but.. says:

    Ah, now. If you put ladders along the edges of canals to allow children (or adults) to climb out, you are to an extent encouraging children to jump in, and they might get tangled in a discarded shopping trolley if they do. So unintended consequence: more deaths.

    But more importantly, ladders discriminate against disabled people in wheelchairs and electric buggies, who may not have arms and legs capable of climbing ladders. So if you start putting ladders everywhere, you are absolutely guaranteed to get half a dozen spanners in wheelchairs on the BBC 6 o’clock news wailing that they’re being discriminated against by an “evil Tory government”.

  190. 190
    SleeplessInKirkaldy says:

    Average take home pay in Germany is lower and productivity is higher. Corporations pay more tax and employees earn less so the sums still add up. That’s why German companies are still competitive. Happy to tax UK companies more but then we’d have to cut pay rates. WhIch do you want?

  191. 191
    Loves Europe, Hates the EU says:

    The wobble of the lard brigade.

  192. 192
    I'm with you says:

    Where is it?

  193. 193
    BBC PR Dept says:

    Look, you don’t understand…if it’s Tory then it’s a tax
    If it’s Labour, then it’s a benefit
    If it’s Lib-Dem, it’s a lie
    and UKIP is just a protest movement on a single issue.

    Hope that’s helped your day, now pay your licence fee you peasant.

  194. 194
    Curly says:

    But the nodding donkeys behind him thought he was THE actual dog’s bollox today. I fear for my children’s futures if they ever get back into power.

  195. 195
    Curly says:

    or do basic sums – although I bet lots of them can tell you how bookies’ odds work and do the calcs in their heads too.

  196. 196
    Turd says:

    Fuck me, that slime ball just had to in there too.

  197. 197
    Tramp O'Lene says:

    But it is nice and warm in there when it’s a bit parky and raining outside and there’s a free coffee machine in the corner too.

  198. 198
    Matilda says:

    .. by the chosen ones ?

  199. 199

    I shall alert the media

  200. 200
    Casual Observer says:

    Only because they can’t tax it.

  201. 201
    Anonymous says:

    I have not seen all the Motorways in the UK but have seen enough to know how they work. Same for French canals, it took 2 weeks from bottom to top.

    As for who I blame, it is nothing to do with colours of politics. It is the inability of all politicians in general, and two in particular.

  202. 202
    Matilda says:

    Good, that will get him out of the country for a few weeks.

  203. 203
    Matilda says:

    Talking sound common sense is not permitted in here. The door is over there >>>>>

  204. 204
    Anonymous says:

    SleeplessInKirkaldy; pay and living standards in Germany are much higher than UK for the middle class and the poor.

    Only for the very rich pay and living standards in Germany is less.

  205. 205
    Matilda says:

    With just the teeniest bit of imagination, canal safety observance could have been added to the job description of the local council’s posse of diversity canal path dog walkers.

  206. 206
    Anonymous says:

    All is needed are people. Living and loving the canal environment. A presence. Un-paid, zero cost safety. Society looking after itself. Permanent long term moorings evenly distributed around the whole network. Available to all those that are around to watch and walk a stretch regularly.

    But that is not allowed.

  207. 207
    Sir Jimmy Saville says:

    We know.

  208. 208
    the savant 10.4 highway patrol says:

    Chart 1 – Personal Social Service s £31 billion .

    We assume this covers a multitude of sins such as the daily food requirements of ” Wilfred” Pickles , the cost of dead crocodile imports for “Tracey” May’s hand made shoe collection and the fur lined collars for Avuncular Uncle Vince’s overcoats etc .etc.

  209. 209
    Nigel Farage says:

    Wouldnt be great if it was for shagging her way in to the IMF job.

  210. 210
    Global Green Shite says:

    Was that before or after they got a huge grant?.

  211. 211
    Giddit says:

    social protection – what is that? –

    Social protection describes help given to those in need or at risk of hardship. Regarded as a safety net meant to provide a minimum decent standard of living it is designed to protect the vulnerable in society such as those affected by, for example, illness, low income, family circumstances or age.“.

    from http://www.statistics.gov.uk/hub/people-places/people/social-protection-and-benefits

    It appears to form aound 28-29% of spending – does this not say that the country is sick, underpaid and truly the gov is failing in its essential function of improvement of living for the poorest and most vulneable in society! Moreover it is likely that more and more people are falling into this category.

    it is sad is it not that they have swallowed the divide and conquer pill – low-empathy attitudes will only make things worse and contributes nothing to humanity!

  212. 212
    fire's too good for them says:

    exactly, none of the central banks around the world are independent. They are private corporations, they are given names like Bank of England or Federal reserve or European Central bank. ‘Government bonds’ are nothing of the sort, money is created out of thin air and you and I pay for it in interest and tax contributions. Suprised more people don’t ask this question as to what the Bank of England really is.

  213. 213
    Anonymous says:

    Just to make the point they are installing ladders for voles. So higher priority than women and children.

    http://www.narrowboatworld.com/index.php/leatest/5540-water-voles-have-their-own-ladders

  214. 214
    Leedschris says:

    But businesses also pay the business rates and a good chunk of the VAT too….so actually business contributes quite a bit and it is not just the corporation tax element.

  215. 215
    Jimmy says:

    So Iranian TV aren’t fans then?


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Alan Milburn says Labour’s scaremongering campaign for an unreformed NHS will not win election…

“It would be a fatal mistake, in my view, for Labour to go into this election looking as though it is the party that would better resource the National Health Service but not necessarily put its foot to the floor when it comes to reforming. Look, reforms are not easy, but the Labour Party is not a conservative party. It should be about moving things forward not preserving them in aspic. You have got a pale imitation actually of the 1992 general election campaign, and maybe it will have the same outcome. I don’t know.”


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