net social benefits paid by central government increased by £2.7
central government departmental spending on goods and services increased by £1.3 billion to £35.7 billion, as inflation and pay rises increased running costs
In July 2024, the interest payable on central government debt was £7.0 billion. This was the second highest interest payable in any July since records began (for this component), in 1997.
I’m not sure why that would be unexpected, because it is tied to the inflation rate and they knew what that was.
It does indicate that there is “something” that had been kept off the books.
Truss is the gift that keeps on giving. I suspect a very large tranche of that interest is on short-term gilt (3 years or less) that went to market as she was setting fire to public finances. It would be ‘unexpected’ in the sense that schedules of that debt may not be readily available.
I’ve only seen a snapshot of what Starmer said. Worrying. I hope we’re not facing austerity 2.0 on top of what we’ve already been through and to some degrees still in.
A higher tax on MP second incomes would be nice to see.
I’ve always thought that line was bollocks. That’s like saying that those who work the hardest should and allow others to slack off.
Q a bombing raid from the left of stage……
That presupposes that those that work the hardest are the best paid. If anything, it is usually the opposite: those with multiple jobs and working insane hours are usually the poorest paid.
I can only imagine the comment you are referring to, but this shit from the right doesn’t half boil my piss.
The idea that nurses, teachers etc don’t work hard. What nauseating, insulting bullshit.
We’ve known public finances are fucked for ages. We have known what Labour were about to inherit. For that we can blame the Tories for literally giving away all the money. 20 odd billionaires in the UK in 2010. More than 200 now. What a fucking con. I hope Starmer absolutely rinses the extremely wealthy. Tine for that money to come back, insofar as it ever can with these slippery fuckers.
No it absolutely doesn’t. It means that because you do, you must to pay for those who won’t. Do broad shouldered people earn more than slim people? No idea, but then that’s not the point.
What boils my piss is a grown adult who can’t keep their word.
I assume you’re referring to Starmer and his pre election promise that they wont increase taxes for normal working people?
Well, personally I’m waiting for the budget to see what they’re definition of normal working people is and I’ll go from there. Will I be pissed if it includes me? Yes, definitely.
