Budget: Will We See Plan B?

[Gromit]

Will we see Plan B?
Do we need Plan B?
Is it too late for Plan B?

Plan B can be defined as anything that isn't more austerity cuts. In particular, iniatives designed to put more money into consumers' pockets through Tax cuts and more building and infrastructure projects.

My view is that Osborne will continue cutting, and go for Plan A-, and not properly cut taxes enough and not enough new infrastructure projects. The result will be still no growth.

[ChillDoubt]

I daresay the same Rothchilds who aren't subsidised by the British taxpayer and who weren't implicated in nor responsible for the Libor scandal and set aside massive bonuses for staff who are rewarded for abject failure and possible criminal activity?

Yeah, that must be the one.

[Bazile]

^^^^

What's that got to do with the point being made by JTP ?

[cassa333]

I do not think that initiatives to 'put more money' into peoples pockets and there for they will spend more will work.

Over the past few years too many people have had a sudden and sometimes catastrophic fall in income and disposable income and will try to put some aside (savings) to try to shelter from even more long down time or another dip.


Savings interest rates may be at an all time low but that doesn't stop people worrying about the future and keeping some back. It's not as if the meager extra pounds the public will have will make a difference. It will just go on council tax or utilities.

I would rahter have slow growth rather than an unsustainable spurt.

[ChillDoubt]

Try and work it out for yourself Bazile, it's not difficult.....

Clues: One is a successful business working (as far as anyone can tell) within financial laws and regulations.

One had a disgraced former CEO who presided over the loss of over £24 billion just 5 years ago, resulting in a bailout by the UK taxpayer. It continues to gain negative media attention for failings and scandals. It holds the Government to ransom when it's so called financial wizards threaten to move and work abroad when its motives, bonus schemes and workings are questioned.

Shouldn't take you too long.....

[Bazile]

ChillDoubt - don't patronize me fella

I think you'll find that the point JTP was making was that Redwood was only putting forward his proposal , because N M Rothchilds for whoom he works, would throw their hat in the ring ; if RBS was put up for sale

[ChillDoubt]

Then why ask a daft question when you can see the answer right in front of you, which would be that Redwood or someone similar from a thriving, profitable bank would in all probability turn round the fortunes of a company that is frankly a scandalous embarrassment and has drained taxpayer's resources which will never be returned?

[Bazile]

There was nothing daft about my question to you .

Your post was in direct response to JTP's and missed the main allegation / point he was making

[starone]

Seems to me there is not much we can do about it. Whoever is in power will tell us what they are doing and we are stuck with it. So how does the 'man in the street' cope with it all. And here is what I do not understand - people are still spending on what might be termed 'luxuries' but are obviously 'necessities' for some people. Cigarettes, alcohol, expensive clothes, well, you will know what I mean. There are cheaper brands you can buy, cheaper supermarkets you can go to, but no, people are looked down upon if they even try. Go to Lidl or Aldi instead of Waitrose. Oh dear no, couldn't do that, what would the neighbours think. I will never understand people. And basically it is 'people' who set the trend. I think until we change our attitudes the economy will not recover.

[PhilipGeorge]

So much for a penny an pint tax relief. Just went for a Sunday lunch drink and a pint has gone up by 10 pence. Punch Taverns - well miss-named. Worse for my friend who drinks light & bitter, 10 pence on the bottle and another 10 pence on the half of bitter (no rounding as the pup does not five pence pricing).

[margk2004]

I don't think Gideon Osborne has a Plan B. If he just listened to what the people are saying and stopped sending money abroad to people who don't need it and in some cases don't want it, then that would go a good way to cutting the deficit.