Have the Tories trashed the economy? | The Daily T Podcast
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- Опубликовано: 8 сен 2024
- The Chancellor Rachel Reeves says it is time to ‘level with the public’ about the economic inheritance left by Tories after finding a £20 billion black hole in the public finances. So could this be setting us up for more tax rises?
As Reeves is set to axe rail and road projects to plug the budget shortfall, Camilla and Gordon Rayner are joined by Andrew Griffith, Shadow Secretary of State for Science, Innovation & Technology, to react to the chancellor's plans.
Plus we'll have the latest on the Conservative leadership race as Kemi Badenoch announces her bid. And after an Olympics double win, is Andy Murray Britain’s greatest athlete?
#politics #world #news
Well the obvious next step is taxing the people who have gotten more wealthy by multiples over the last decade under the tories, but that isnt something your papers owners want to even put in the public mind as a viable option
Labour do excacly the same thing. They allow their friends to get richer. Difference between the 2 is that labour continuously target the working class
Moronic post.
the telegraph is the tory rag following the daily mail, why bother with finding new leader for the tories, they are a bunch of crooks,
And liberals are a bunch of cockold bitches
How are labour looking any different? Cutting pensioner credits and raising tax for us
I don’t believe a word Jeremy hunt says’ I believe Rachel reeves
@@catherinemartin6258 they are all in it for them selves , they'll find money for zelenski and illegal immigrants
I don't believe either of them, just because Jeremy Hunt is a dirty liar doesn't make Reeves honest.
There was a £20bn black hole in March, Reeves claims to have rediscovered it !
Remeber how many have died at the Tory's hands while the Telegraph watched and just applauded it all
Economy has been trashed for a while, pretty much since the GFC in 2007/08. They chose to kick the can into the long grass with QE. Also the covid spend: Absolutely biblical amounts of money, a lot of it for nought, a lot of it pilfered away by people with low morals. But definitely the straw that's brought all those long kicked chickens home to roost a bit sooner than anyone wanted. Labour won't do any better, none of the political class are capable in this regard. And besides, I wouldn't be surprised to find their hands completely bound between rocks and hard places. Someone, at some point is going to have to do something really unpopular. Its like a game of pass the parcel, but the parcel is a bomb with a dicky timer. Our economy isn't performant enough, we're a low productivity country and the state requires vast sums of money to barely stand still. There is no chance of moving forward whilst we build a hollow economy of deliveroo riders and amazon warehouse operatives whilst we let the very same businesses syphon the money out of the country.
Very good post. Re Covid, in my small Town was a One Man Business that wasa barely going even before Covid. The owner - a man around 70 - received a Cheque from the Government for £10,000 - he didn't apply for it - it just arrived. A tiny example of the Open Cheque Book approach that Johnson & co had in 2020 & 21.
No one should ever take a single thing seriously from a person that uses the word 'Holibobs'
Or who works in media.
OK grandad
I wouldn't quite go that far but it is infantile language...
@@clockblower6414 I'm 39😂😂
Hunt hid £35bn of unfunded promises from the OBR.
So attempting to accuse Labour of lying, 'because they had access to the OBR figures' doesn't work.
Must be tough for the Torygraph to hear reality.
This was a really balanced and nuanced discussion 🤥😂 Telegraph is hilarious.
Sorry the reason for this is the pandemic bail out and closing the country down and what would have Labour have done? Everything plus plus how quickly we forget.
Tories or Labour both will end up taking it out on the poorest and most vulnerable in society, while of course looking after their rich mates and likely enriching themselves off government contracts.
Vote Reform
Best read the OBR letter, she had the smoking gun!
Wait a minute here. The tories have been in power for 14 yrs and none of these issues were addressed by them. Labour in power for 4 weeks and u r down their throat. Fcking incredible!
The economy has been trashed since labour left and left with a note saying "best of luck there's nothing left"
Successive governments have let the populace down.
I say politicians should fear for their lives.
Actually It was the tories that last left the note saying theres nothing left old chum after ransacking the UK back in 2000s, labour did this to the tories back in the 80s however wasnt anywhere near as severe
She’s been watching too much of the Post Office enquiry .
Conservatives have the main challenge of making people believe them regarding immigration. 14 yrs of not tackling immigration will not be forgotten, and will be even more imperative after 4 yrs of Labour destroying the national population.
Sounds like a deja vu
It is an overspend and not super massive.
Ridiculous Telegraph cobblers
Yeah and…. We already know That they screwed everything up… probably went on May’s shoes and dresses lmao 🤣
taking from our pensioners and giving to zelenski 👏👏👏
Putting up illegals in hotels
Rather Zelenski than new arrivals
Putin is a kiddy fiddler
Obr says labour knew.
Try again, without lying.
The OBR have literally published a letter, stating that Hunt hid £35bn of spending promises from them.
The £20bn black hole was known about in March.
Hunt banging on about 'working people'. Never got his hands dirty in his life.....
Why assume only people with dirty hands know what hard work is like ?
They get their hands dirty because they haven't learn't how to use their brains and work smarter. I always work smarter.
Lockdown and immigrants and Ukraine.
Except overall immigration has long been found to be a net positive for the UK public coffers. I smell a Brexit voter.
@@Heathen.Deity. if those jobs were available to natives, tax receipts would been same ,unemployment would have been down so savings on welfare benefits. less burden public service as now too many are trying to access
@@mort421 most of those jobs aren’t being taken up by “natives”. We’re massively short in almost every relevant work sector. Don’t blame the immigrants, blame those “natives” who aren’t taking the jobs. Why are the job sectors of healthcare, farm labouring and many others so short on employees, despite all these “natives” crying about immigrants taking the jobs?
Such a lazy argument.
A big black hole …. Only Labour and fix this ‘black hole’ created by the Tories and their cronies.
Andy Murray has done more for UK tennis than anyone else ever has .
Tory wrong on the detail again: Christine Keeler did NOT say those words, Mandy Rice-Davies did. They just can't get anything right, can they....
Reeves hasn't cancelled any infrastructure projects, because they would have to have been begun, or at least funded, for them to be 'cancelled'.
The Tories never set asude funding for any of these commitments, therefore there's nothing to be cancelled.
There was in £20bn black hole in March, so Reeves hasn't discovered anything new.
Back to granny and granddad freezing in their frozen homes this winter. 🥶
They voted for this lol all for a free NHS sheeple will always be bahhh
A quarter of pensioners are millionaires (Source: ONS)
Have they thought about buying less Starbucks coffee?
"Warm and friendly" might not be good enough. What they need is someone who can talk passionately and loudly to get good points across. I'm not holding my breath, but watch with interest.
The same £20bn black hole as in March which everyone knew about ?
Yes, the Tories trashed the economy by locking down so hard during the pandemic. Labour would have gone harder.
Rubbish Tory boy
would've could've should've . The Tories made the decisions . They are responsible . They had an 80 seat majority
@@sfactory8253 totally, but the idea that Labour would have magically done better is for the birds. There was (and still is) a massive failure of talking about the financial impact of the pandemic and reactions to it. The parliamentary inquiry into Covid is a joke.
fine the tory party,get their wages back for the last 3 years.
get the tory politician's wages paid back for the last 3 years. their responsibility.
Hard but vian words. If Tory has been so wrong, why not hold people responsible for corruption?
Lobour 😂 its like a comedy show, proper bellends
Like £34,000,000 on Keegans department for renovations, yes not new build or rebuild, £34,000,000 on renovations. Who’s this stooge talking crap as usual.
Stop blaming the Torys it's embarrassing. Labour does not have the interests of its citizens at heart. Give all the money to foreign countries and immigrants, and go on to punish those who worked to give governments their money.
Stop giving money to other countries, some savings there
Like the Billions Sunak sent to India and the deals he gave to Indian companies?!
I wonder if £8 million pounds a day on illegal immigrants has anything to do with it ..and it was labour that opened the borders
Ask reeves about the £310 thousand she paid herself just last week.
The money isnt missing.
Every politician, regardless of party, has spent 15 year enriching themselves.
Labour have been privy to it all.
Except tory front bench for the last 14years is responsible for it
In the famous words of Mandy Rice Davies. And she never said in the first place.
Some of the Tory overspending is outrageous. £6.5bn on ‘undisclosed’ asylum?!! (Hotel bills?). £1.7bn more than claimed on the Ukraine prock-sea-war (leave US to their own battles). The focus now needs to be on spending cuts, not crippling tax rises.
Found the Putin asset.
Nobody has run a surplus since major why are the acting shocked we have no money?
If there is a black hole it because of the obsession with net zero
The economy was crashed by the previous labour administration "good luck, there's no money left". Prepare for more austerity and motorists being hammered with taxes of all kinds. All the old favourites.
20bn went to Israel
Exactly..to fund genocide, 800bn to the wealthiest tory donors 1% 8 billion to wasted PPE, the list goes on and on and on
Imagine had we still been a member of the EU, that black hole would be 100billion on top just for been a member of a trade body we still enjoy over 95% access to.
???????????!!?????? Pulling numbers out your arse mate, if we didnt leave the EU we wouldnt be in this fkin mess
@@LemmyAttum Not out of my arse, that was the continuous yearly fee which had we stayed would be annually around 20billion now giving the other EU member increases over the last several yrs, please explain what mess we wouldn't be in had we stayed in the EU because as it stands both France and Germany are in a real mess both politically, economically and immigration.
No Kamal... great
A black hole but labour and going spend billions billions more 😂
Yeah this happens every time, tories redistribute all the taxpayers money into wealthy hands, crash the economy cause uproar and then abandon ship. Then labour cant fix anything because theres no money left then they get voted out and the tories shaft us all again! Revolving door of idocracy
Labours answer to plugging the blackhole is just like the compulsive gambler, keeping throwing more money at the problem.
to put the country right after the mess the Torys have left it in.
Don't blame only the government. Look in the mirror and think of what the voters have done with Brexit.
But it was the Tories and their propaganda that foisted Brexit on us! Then they stuffed their pockets whilst running the country into the ground.
Remember Osbourne's promise to pay off the deficit?
Remember how they are the party of fiscal responsibility. Just a party... no responsibility at all.
When Labour lost power in 2005, the then-chief secretary to the Chancellor left a note on his boss's desk for his successor, it read: 'I'm afraid there is no money. Kind regards - and good luck!'
Government initiated...
It's all the governments fault.
No, the voters voted for Brexit. They didn't vote for politicians to obstruct & sabotage Brexit.
I Think All these finances Should be publicly put in papers " ..No more Guessing games Did Winston Churchill or labour Raise this in the past !! ..Publicly announced in papers !!! Spender finances..
Unfortunately the level (lack) 0f ethics the previous conservative government is well established in many areas. To accept the Tory spin re spending can not be based on their previous actions...leopard and spots.
Saw the name Reeves and a song came to mind, Cliff Richards DEVIL WOMEN
oooh ! Camilla @ 29.11, that was inappropriate ...
What about the consistency which which Tory leadership has demonstrated as complete incompetentcy (feeding the richest 1 percent and biting hard on those escalions of societal class struggling to do the right thing)? Surely transport medical health and education are the staples to keep a country self sustaining and improving both economically and the welfare and health of all? Many highly educated hard working parents in these sectors have ended up losing their family homes thanks to the conservatives and soaring mortgage interest rates!!
Bless. But Labour can find billions for non British non tax payers. Old folk can do one. Anything seriously wrong with this picture.
It's the Tories threw the borders wide open, and housed them in Tory hotels, to funnel our money to Tory hotel owners.
what billions?
Oh no project funding has been cut for the poor deprived people of...west sussex...how will they ever cope?!
There is deprivation in every part of the uk mate
@@LondonMoneyCashEnterprise yes and the south west of England definitely is the area which is most in need of infrastructure bills and spending
@@vrabgaz9944 we don’t have to choose between developing one or another. We just need to tax the rich
What a charlatan, the government should find efficiencies, wasn't that his previous job? Talking about growth, maybe GDP is higher but GDP per capita is dropping and the wealth gap is widening.
How about instead of scrapping winter fuel payments for pensioners born here, we remove benefits on everyone here illegally, send economic migrants home and start defending our borders?
People here illegally can't claim any benefits.
our economy and population would collapse
@@aaron-dl7dh
In respect of immediate action without preparation to stabilise the country, that might be the case.
But the spirit of your comment is a conceited lie.
Or both.
@@markianross
Yes, they do. Just not in the manner that citizens of the UK do.
Being in this country and utilising its services, employment opportunities etc is a benefit in of itself.
Not to mention what those held for processing are given.
This isnt a podcast, its a video.
I do think Hunt and Griffith’s argument that they would have mitigated the Tories 3x (and counting) overspend of reserves by blocking settlement of the BMA’s dispute, and by making the dumb Rwanda scheme work, as laughable. But, then again, I should remember who the audience that still listens to these clowns is: Telegraph readers. Good grief 😂
show whAt? I mean lol, literally So Wowww. Got it, Aruma!
Ridiculous work by these "journalists" no facts on their sides, just dripping contempt. If the tories lied, which OBR (which was created by the tories, remember) seems to strongly imply they did, then obviously there has to be some change.
Labour has a tough job ahead, obviously, no one denies it, but it is very weird that the Telegraph sounds downright giddy that they have to take difficult decisions.
OK I'm won over. The sarcasm totally speaks to me.
They're going to have to make an embarrassing climbdown, when the OBR letter backing Reeves goes viral.
Look how many comments and views, talk about talking in a vacuum! Start reporting the fact that Tories, like Republicans haven’t got a clue only ways to reward themselves.
Furlough equals inflation
Green and theft cause Inflation
Yup, furlough money got printed and ended back in the hands of the rich, the money never came back round into the economy, the wealthy are hoarding assets and the poor are poorer than ever! Middle class will be abolished and nobody will own anything!
The largest redistribution of wealth ij history ever recorded happened in covid and because the papers say its all immigrants fault everyone believes them!
Bollocks
The government has chosen to pay for housing illegal immigrants in hotels paid for by British pensioners having their winter fuel payment taken away
That's not why we're in this mess it's just a scapegoat
Millions on Ukraine war that’s got nothing to do with uk
@@shahidhussain9176standing up to Putin on this matter is, at a minimum, a whole of Europe issue (and by extension, a UK issue). To think otherwise is exceedingly narrow minded.
Also, the highly beneficial aid to Ukraine in the past year was less than 0.00001% of public spending over that same period.
*sniff*
Only three options, 1 - Raise taxes, 2 - Borrow money, 3 - Redirect money from other projects.
Clear accent😊😮
Ugh this Camila woman is toxic
NO IT IS NOT.
THAT WAS A LYING MISLEADING STATMENTS BY HER
Try again without lying.
The OBR have backed her up, saying Hunt hid £35bn uncosted commitments from them.
Maybe try following events, before allowing yourself to expose yourself as ignorant of current affairs, on a public platform?
Does Hungary take immigrants that are British nationals and what's the weather like there? Ummm maybe worth considering.
Reform is our only way to sort this country out.
😂😂😂😂😂😂😂😂😂😂
Definitely no
Reform has the same economic policy as the tories, they just disagree on immigration
Nein
Is that the Reform Ltd, whose main shareholder told interviewers none of the company's policies were costed, because he had no chance of being the government?
Thereby admitting he could say and print any old guff, to impress simpletons?
This country is full we nees to sort the imigration issue out desperately also we sont need non skilled migrants although allways a place for genuine refugees should be kept
There's more UK land dedicated to golf courses, than all the urban development put together.
We aren't remotely full.