Healey U Turns on Defence Spending

 

 

Healey has u turned on his 3% defence spending pledge (made when he resigned as Defence Secretary under Starmer).

It is clear that resignation was done to bring down Starmer, in exchange for being given the role of Chancellor.

Healey's spineless u turn whilst certainly not benefitting the country, may also not benefit him. There is a possibility that Burnham calls a general election before the Budget. In the event Labour win, Burnham will sack Healey and put Miliband in the role. 

Little shitweasel! 

Rachel Reeves' Purdah-Busting Budget Blunder: Desperate Tax Threats, Economic Freefall, and a Chancellor Cornered in Panic – Is Labour's Fiscal Facade Finally Cracking?

Oh, what a grisly wake-up call for Britain this morning – Rachel Reeves, our beleaguered Chancellor with the poker face of a busted flush, striding into the spotlight for a "scene-setting" speech that's about as subtle as a sledgehammer in a china shop. Delivered bang on the eve of Budget purdah, this wasn't statesmanship; it was a frantic flare-up from a government gasping for air, all finger-pointing at phantom Tory ghouls while her own tax tinkering drags the economy into the abyss. Remember the promises of "stability" and "growth"? Yeah, those are evaporating faster than a summer shower in the Sahara. If you're a business owner watching orders dry up, a saver eyeing your shrinking nest egg, or just a punter footing the bill for Westminster's woes, this is your red-flag rally cry. Buckle up as we eviscerate Rachel Reeves' appalling Budget prelude: from unlawful kite-flying that's gutting confidence to the cold hard truth that her revenue raids are the real villains in our fiscal horror show.

The Purdah Breach: Unheard-Of Arrogance or Just Labour's Latest Law-Bending Lark?

Budget purdah – that hallowed hush where chancellors button it and let the bean-counters brew in peace – kicked in last week, a convention as old as the hills to keep the electoral pitch level. It's the one rule even the slickest spinners have tiptoed around, lest they look like they're gaming the system. Yet here comes Reeves, clocking in at 8am sharp with a barnstorming broadside, laying out "tough choices" ahead like she's auditioning for a sequel to The Thick of It. Unheard of? Bloody sacrilege, more like. Legal eagles are already sharpening their quills for judicial reviews, muttering about predetermination and electoral purity. This isn't bold leadership; it's a brass-necked bid to prime the pump for pain, all while the civil service seethes in the shadows. What does it say about a Chancellor so spooked she's shredding the rulebook? Desperation, darling – pure, unadulterated panic as the polls sour and the backbenches bristle.

Tax Policies: Reeves' Revenue Raids – The True Architects of Economic Decline

Spare us the sob story about "Tory inheritance," Rachel – we've heard it on loop since July, and it's wearing thinner than a welfare cheque. The economy's not just stumbling; it's in freefall, with OBR whispers of sub-1% growth, borrowing ballooning to £120bn, and productivity parked in neutral. And guess whose fingerprints are all over this mess? Those employer NI hikes you rammed through like a bull in a china – sorry, fiscal – shop, slapping an extra £25bn burden on businesses already battered by Brexit and bugs. Small firms are slashing shifts, investment's iced over, and the high street's haemorrhaging jobs faster than blood from a Treasury tourniquet. Broad-based tax rises looming? Don't rule 'em out, she coyly coos – income, corp, maybe a VAT vamp-up or inheritance tax inkling. It's not "fairness"; it's a fiscal mugging dressed as morality, funding your green gambles and union handouts while working folk foot the freight. If Labour's "change" means change for the worse, count me out – and so should you.

Kite-Flying Carnage: Endless Budget Leaks That Are Shredding Investor Confidence

Weeks of this nonsense, hasn't there? Reeves' spin machine churning out teaser torpedoes like confetti at a funeral: one day it's winter fuel whacks for pensioners, the next it's pension pot pilfering or capital gains carve-ups. "No ifs, no buts" on fiscal rules? Aye, right – until the next anonymous briefing drips doom via the Lobby. The City's not buying it; they're bunkering down, with the FTSE flickering like a faulty bulb and the pound playing yo-yo. Why expand when every dawn brings a fresh rumour of regulatory roulette? Confidence? That's a corpse Labour's been kicking since conference season, and this morning's monologue was the boot's final thud. Businesses aren't daft – they're diversifying abroad, where chancellors don't treat budgets like a bad game of Battleship. The fallout? Stagnant growth, spooked savers, and a high street hollowed out. Thanks, Rachel – your kite-flying's not just destroying trust; it's dynamiting the docks before the ships even sail.

Desperation Dialled Up: A Chancellor in the Crosshairs, with Panic Etched on Every Line

Let's call it what it is: this speech reeks of a cornered cat, claws out and hissing at shadows. Polls dipping into the forties, whispers of a "betrayal Budget" from your own red wall rebels, and Starmer's stare turning steely – it's got Reeves lashing like a lifeguard in a riptide. Not content with the landlord licence lunacy or the grooming gangs goose-chase, she's now torching purdah to tee up the torment. It's not strategy; it's survival mode, a sign the Chancellor's golden glow is tarnishing fast. Will she own the own-goal, or double down on deflection? History says the latter – but with the Budget black cloud bursting on the 26th, the deluge is coming. For survivors of this economic evisceration – the self-employed stung by NI, the families facing fuel freezes – it's time to roar back.

What hits hardest for you in Reeves' reckless rant: the purdah punt, the tax trap tightening, or the confidence con? Spill in the comments below – and if you're raging, share this far and wide. Contact your MP via TheyWorkForYou.org; demand accountability before the damage is done. Together, we expose the PalArse – because silence is complicity in this circus.

Rachel From Accounts Deals a Catastrophic Blow To The Airline Industry

 

Rachel Reeves' recent budget has sent shockwaves through the airline industry, with massive increases in business rates threatening to cripple an already struggling sector. The budget, which includes a fivefold increase in business rates for airports, has been widely condemned by industry leaders who warn that it will lead to route cancellations, higher costs for passengers, and a significant reduction in investment.

Crushing Business Confidence

The airline industry, still reeling from the impacts of the pandemic, is now facing an existential threat due to these punitive tax hikes. Airports, which are already some of the largest rate payers in the country, will see their average rates bills increase by more than 450%. This astronomical rise in costs is equivalent to doubling the corporation tax levied on the sector, at a time when stability and confidence are desperately needed.

Impact on Routes and Passengers

The immediate consequence of these rate increases will be the cancellation of routes to and from the UK. Airports will be forced to scale back their operations, leading to fewer flight options for passengers and higher ticket prices. This not only affects the convenience and affordability of air travel but also has broader implications for the UK's connectivity and trade. The loss of routes will hurt tourism, business travel, and international trade, further damaging the economy.

Investment and Growth Jeopardized

The budget's impact on investment cannot be overstated. With soaring rates bills, airports will have to cut back on essential investments in infrastructure and services. This will hinder the sector's ability to modernize and expand, putting the UK's status as a global aviation hub at risk. The government's ambition to secure the highest growth rate in the G7 and unlock an investment-led approach to transforming the economy will be materially damaged without the airline industry as a major partner.

Conclusion

Rachel Reeves' budget is a catastrophic blow to the airline industry. The massive increases in business rates are not only punitive but also short-sighted, threatening the viability of airports and the broader aviation sector. The consequences will be felt by passengers, businesses, and the economy as a whole. It is imperative that the government reconsiders these measures to avoid further damage to one of the UK's most vital industries.

Starmer and Ed had better watch out, ifthe airlines shut down routes, they won't be able to fly off on their Net Zero global junkets!

Reeves Has Fucked The Economy

 

Rachel Reeves' recent budget has been nothing short of a catastrophe for the UK economy. The latest GDP figures, which show a meagre growth of just 0.1% in the third quarter (with a fall of 0.1% in September), are a stark reminder of the disastrous impact of her fiscal policies. Despite her promises of economic stability and growth, the reality is that Reeves' budget has done more harm than good.

A Budget Built on False Promises

Reeves' budget was supposed to be a turning point for the UK economy, but it has turned out to be a colossal failure. Her plans to raise taxes by £40 billion and increase national insurance contributions for employers have stifled economic growth and burdened businesses. The promised benefits of these measures have yet to materialise, leaving the economy in a worse state than before.

Crushing Business Confidence

The uncertainty surrounding Reeves' budget has had a chilling effect on business confidence. Companies have been hesitant to invest and expand, fearing the impact of higher taxes and increased regulation. This lack of confidence has been reflected in the dismal GDP figures, with the economy growing at a snail's pace. The government's failure to provide a clear and stable economic plan has left businesses in limbo, unable to plan for the future.

Rising Costs for Households

Reeves' budget has also hit households hard. The increase in national insurance contributions and other taxes has left families with less disposable income, exacerbating the cost-of-living crisis. The promised relief measures, such as the increase in the minimum wage, have been insufficient to offset the financial strain on households. As a result, consumer spending has stagnated, further dragging down economic growth.

A Bleak Economic Outlook

The latest GDP figures paint a grim picture of the UK's economic future. With growth stalling and inflationary pressures mounting, the outlook is bleak. Reeves' budget has failed to address the underlying issues facing the economy, such as productivity stagnation and declining investment. Instead, it has created new problems, such as higher borrowing costs and increased national debt.

Conclusion

Rachel Reeves' budget has been a disaster for the UK economy. Her misguided policies have stifled growth, crushed business confidence, and left households struggling to make ends meet. The latest GDP figures are a testament to the failure of her economic plan. It is clear that the UK needs a new approach to economic policy, one that prioritizes growth and stability over short-term political gains.

It is hardly surprising she has fucked up, given that she was nothingmore than a complaints department manager at a retail bank and a very short term junior economist at the Bank fo England (facts that she lied about on her CV).

Reeves' Weasel Goes Pop - Budget Adds £2.5K Per Minimum Wage Employee

 

 

Pre election, the media and Civil Service went into hysteria when Tories claimed Labour’s plans would increase taxes by £2,000 per working household.

This will of course mean less people are employed and consumer prices will increase.

Reeves' Bad Budget

 As per Guido:

"Labour insiders are increasingly restive over the ‘dire’ comms plan around the Budget. Reeves’s team cancelled a scheduled TV interview at no notice with GB News and Times Radio – basic poor comms handling. Meanwhile, her major defensive line is that she wouldn’t want to repeat her own budget. Needs some work…

Elsewhere, the financial media has been neglected after a series of ‘curious’ briefing decisions – including a string of denials which subsequently proved to be true when the Budget documents were released."

A budget of around £74BN (tax rises and debt), that will achive fuck all other than depress wages, depress growth, increase unemployment and pump prime inflation.

Whatever Labour might try to claim, given that they sated they wouldn't increase debt and taxes, they do not have a mandate for this budget!

How To Hide a Clusterfuck - Dump Two Clusterfucks Within 24 Hours of Each Other

 

He knew about Al Qaeda immediately, he spent August lying about 'far right' and @elonmusk , he dumped the story out now so budget would hide it
RETWEET so people know https://t.co/NDERNYIXTW

— Dominic Cummings (@Dominic2306) October 30, 2024

There's a lot of chat going on about the terrorism charges levelled at the Southport child murder suspect...

Here's an attempt at a fair summary of events and what it might mean.

Starmer could be in serious trouble.
Thread 🧵 pic.twitter.com/EyAw6sQHYW

— The Stark Naked Brief. (@StarkNakedBrief) October 30, 2024

Liz Trolls Hunt

 

Story: https://t.co/MN53YbVcZz

— Politics UK (@PolitlcsUK) February 13, 2023

Face Into The Storm

 

Chancellor Hunt will give his Autumn Statement (Budget) in the next few minutes. In it he will tell us we are to "face into the storm", and outline spending cuts and tax rises that will amount to around £54BN.

There is a catch, many of these cuts/rises are set to come about over a five year period. The next election will be held within two years; as such, many of these cuts/tax rises may well never see the light of day!

SAGE Mark II - The OBR

 

During the pandemic the government allowed itself to become prisoner of SAGE, and based its response (lockdowns which wrecked the economy) on the dire forecasts of SAGE.

As we came to learn, forecasts (especially SAGE forecasts) were based on assumptions and variables that if tweaked, would produce totally different outcomes. Sadly the government lost its balls, and allowed policy to be dictated by SAGE and the hysterical media (egged on by SAGE).

Unfortunately the government is about to make the same mistake, this time financially; by slavishly following the forecasts of the OBR (set by by Brown). The OBR have forecast a whopping black hole of approximately £50BN. Yet the OBR has a track record of being wrong.

Given that the economy was wrecked by the SAGE dictated lockdowns, and has been further pummelled by Putin, it is hardly surprising that things are not as they could be. However, as with SAGE, if you tweak the assumptions and variables within the OBR forecasts the black hole can be made to almost disappear. 

To raise taxes when we are heading into recession is going to make matters worse. The government needs to grow a pair, and stand up to the OBR.

A Very British Coup - The Puppetmasters Reveal Themselves

 

Chancellor Hunt has just nixed Kwarteng's budget, whilst the FX and Gilt markets approve it may not be such a joyful occassion for mere humans.

Amongst others Hunt has:

-time limted the energy bailout to 6 months, 

-abandoned the reduction in income tax, 

-reintroduced the hated IR35 reforms, 

-scrapped the freeze on alcohol duties and 

-promised wide ranging spending cuts.

This of course is what the media and the markets, IMF etc have been pushing for.

Clearly Truss's days, and indeed the Tory Party's days, in office are limited (days/weeks/months....who knows?).

As such Labour and their suppoorters, not unreasonably, are champing at the bit to take power. However, they should bear this in mind, as and when they take office they will face exactly the same problems that Truss faces eg:

- global inflation

- gobal rising interest rates

- the war in Ukraine

- energy and food shortages

- hysterical media that looks to destroy whoever is in power etc.

As such, constrained by the markets and bullied by the media, the room for maneuver will be very limited. 

Like it or not UK interest rates are on an upward trajectory, and there will be spending cuts (whovere is in power). Labour will need to explain this to its supporters (who have yet to understand who really runs the country).

The Tories Are Back!

 

There is an audible gasp in the House of Commons as Kwasi Kwarteng abolishes the 45p tax rate.
One Tory back bencher texts me: “Rejoice we are Conservative again.”

— Christopher Hope📝 (@christopherhope) September 23, 2022

However, as some have noted this is more Reaganomics that Thatcherite!

When is a Budget Not a Budget?

 

When it is a tax reducing fiscal event!

"Best Budget in My 42 Years"

 

One of Labour's most honest former MPs makes his take on the budget. Fair to say, that's a pretty big compliment. #Budget2021 #PMQs pic.twitter.com/DMsXLoUP4t

— Alastair Thompson (@AlastairJT) March 3, 2021

The #COVID19 Budget

New: Rishi Sunak told Cabinet his coronavirus plans will 'make the UK one of the best placed economies in the world' to manage impact of the outbreak.

Budget will give those 'working on the front line against the virus get the support they need'.

— Jack Maidment (@jrmaidment) March 11, 2020

Budget Day 6th November

Breaking:

Sajid Javid announces Budget for 6th November

That was previously mooted by ministers as the most likely date for a Budget if the UK left the EU without a deal...

— Steven Swinford (@Steven_Swinford) October 14, 2019

Labour Backs Tory Budget

Shadow Chancellor @johnmcdonnellMP tells @BBCr4today he won't oppose Tory promise of £2.7 billion income tax cut as it will inject demand into economy. Labour backing tax cuts as Tories pledge to end austerity. Interesting times

— Nick Robinson (@bbcnickrobinson) October 30, 2018

It should also be remembered that labour are backing Brexit, which means there is no Opposition party at the moment!

Nuance Dear Boy, Nuance! - #Budget2018

Whereas May said it was over...

U Turn When You Are Told To

In memory of Hammond's last budget.

Philip Hammond Takes Us Through The Looking Glass

 

The Tory Chancellor (Philip Hammond), for reasons best known to himself, has decided to increase class 4 NI rates (ie increase taxes) on the self employed in yesterday's Budget.

Labour, for its part, are criticising this increase in taxes.

We truly have passed through the looking glass!