Former Bank of England Governor: Government needs to reform public services ahead of Budget 2024

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  • Опубликовано: 26 окт 2024

Комментарии • 45

  • @anthonyf7821
    @anthonyf7821 2 часа назад +22

    This is the same man who said that a 125% mortgage was a sound investment idea in 2006. This concept collapsed two years later.

  • @willkinmont611
    @willkinmont611 Час назад +5

    He ‘never saw it coming’ referring to the 2008 crash. Everything that’s wrong with the UK governance.

  • @nicholasbrus8628
    @nicholasbrus8628 2 часа назад +21

    Public sector pensions are a £2.54 Trillion unfunded liability and £40 Billion deficit is only 1.57% of that. These public sector pensions are unfair and pay out on average 4 times more than the equivalent in the private sector, yet the private sector is forced to fund them while we can't even fund our own. This is the first place that should be reformed as it is demonstrably unfair to tax the private into oblivion, when simply bring public sector pensions into line would negate any need for tax rises and fund a whole raft of infrastructure improvements. Instead Labour has chosen to give inflation busting pay rises to the public sector (herself and husband) while ensuring those who pay her wages are taxed into oblivion.

    • @taffyterrier
      @taffyterrier Час назад

      … yet junior doctors and NHS consultants will probably be striking again soon in spite of their recent 20-22% pay rises and taxpayer subsidised gold plated, index linked pensions.

  • @user-bu9nb8wr6e
    @user-bu9nb8wr6e 2 часа назад +20

    So let's just get this right, we have a person who lied about being a chess champion, an economist and had her parliamentary credit card blocked for spending 4k she couldn't account for running the economy. What could possibly go wrong 😂

  • @Peter-q8v6v
    @Peter-q8v6v Час назад +2

    Office for value for money? Another unaccountable quango which serves no purpose.

  • @med7743
    @med7743 Час назад +1

    I already am paying more than my parents/grandparents , and i am 47, let alone my grandkids - trying to leave this country as its completely broken and no fiscal plan to recover , its a dead country

  • @J_Bone1888
    @J_Bone1888 Час назад +1

    remember when we were taxing the oil and gas companies to pay for everything?

  • @Simon-d3n
    @Simon-d3n Час назад +1

    Just more of the same, whatever the question, its just take more and more tax from people, when we get to 100% tax, the govener will say, just a bit more tax. Mr King should know that to reduce spending on the over bloted public sector!

    • @taffyterrier
      @taffyterrier Час назад

      Start with their pay, pensions and bonuses.

  • @flyinghedgehog3833
    @flyinghedgehog3833 39 минут назад

    Cut 30% of civil servants... For starters

  • @CloningIsTooGoodForSheep
    @CloningIsTooGoodForSheep Час назад +1

    Inflation is a tax on working people but they still insist on 2% a year as a minimum.

    • @jhutfre4855
      @jhutfre4855 Час назад

      it is a tax on people with too much cash savings.

    • @kevinsyd2012
      @kevinsyd2012 44 минуты назад

      @@jhutfre4855 It's a tax on the financially illiterate.

    • @jhutfre4855
      @jhutfre4855 40 минут назад

      @@kevinsyd2012 ???

  • @Adam-xx2tz
    @Adam-xx2tz 40 минут назад

    Reform is key, as we continue to pay more for less.

  • @lodoss118
    @lodoss118 19 минут назад

    Wait is there a way to borrow without paying interest m?

  • @przemyslawszymczak8180
    @przemyslawszymczak8180 Час назад +1

    For Kier Liar Starmer self-employed delivery man is not working person.

  • @garnhamr
    @garnhamr Час назад

    WE will be in a difficult position, sure

  • @Simon-d3n
    @Simon-d3n Час назад

    Why are we listening to this guy, he has ovenseen the spendingspree that got us into this mess in the first place!

  • @TonyWelch75
    @TonyWelch75 Час назад

    Spend spend spend, why don’t we spend more money looking at waste

  • @nicks4934
    @nicks4934 Час назад

    King supports Brexit. The budget simply fills that gap.

  • @T5Zplayer
    @T5Zplayer 2 часа назад +9

    King is the fat cat who said the poor could survive. Don't forget.

  • @bumberClart1000
    @bumberClart1000 2 часа назад +1

    9 bob note alert 😮

  • @adrianappleyard4005
    @adrianappleyard4005 3 часа назад +2

    I agree with your statement, with the exception about supporting Ukraine.

  • @fintamaria2429
    @fintamaria2429 7 минут назад

    🤦🤦

  • @itsrossrobinson
    @itsrossrobinson 2 часа назад +2

    Nice to hear a grown up speaking. If only this man would have been a politician.

    • @brianevans2819
      @brianevans2819 Час назад

      He is too honest to be a politician and doesn’t seem like he could or would be corruptible.

    • @Peter-q8v6v
      @Peter-q8v6v Час назад +3

      He's the same person who contributed to your lower standard of living.

  • @NY-Dani
    @NY-Dani 53 минуты назад

    Sounds way too sensible