@@barracuda008l4Read the OBR's letter. It's there for everyone to read. obr.uk/docs/dlm_uploads/Letter-from-Richard-Hughes-to-the-Treasury-Select-Committee-on-the-OBR-review-of-the-March-2024-forecast-for-departmental-expenditure-limits.pdf
Hopefully they do raise taxes. On rich people. They've had 14 years of a government that looked after the interests of the super rich. Notwithstanding the theft of billions by tory donors. Tax rises are fine for those that can afford it because they aren't paying enough. They're all 'patriots' after all. So they won't mind helping their country when they have to......
it used to be the working class that put labour in office but this time in my opinion it is the ELITES.They have got STARMER just where they want him & the sad thing is he doesn't realise it.
Can someone explain this? We've been running a deficit for years. Public spending has exceeded revenue for all that time. So doesn't that mean that there is always a hole in public finances? Why should we be surprised?
Because the previous goverment said the deficiet was £80B, they lied it was £100B+ If there is a deficiet it can be covered by borrowing and using savings but there wasnt even enough of that left because they wasted that too They covered up the extra £20B, not just from the public but also from the rest of goverment so people & communities were promised money that didnt exist.
@@darrenhopkins6829 More Tory lies, from another Tory bot. Regardless of if Labour knew or not, the fact remains the Tories lied and squandered all the cash through incompetence and corruption.
The last thing Labour would do is ignore the public. They are in office to serve us, Tories are in power to serve people with large wealth accumulated and unadulterated greed.
The huge black hole was kept a secret so labour have no choice but to tax or cut. Let's see what they do in October. Hope they tax the rich first and most.
What a dangerous woman first opportunity she gets she takes off the vulnerable pensioners - she is lying through her teeth it’s obvious She had access to all the figures
She didn't nobody did only central government had the full figures and didn't give them to either Labour or organisations such as the IFS who have called these overspends shocking "Nonetheless, some of the specifics are indeed shocking, and raise some difficult questions for the last government. If the scale of these overspends and spending pressures was apparent in the spring - and in lots of cases, there’s no reason to suppose otherwise - then it is hard to understand why they weren’t made clear or dealt with in the Spring Budget. Jeremy Hunt’s £10 billion cut to national insurance looks ever less defensible. On asylum costs, the decision to effectively stop processing claimants, and to budget virtually nothing for the resultant costs of housing them, looks like very poor policy making. The new Chancellor is right to be cross."
@@alsayedfakhri4597 Pensioners on benefits will still recieve winter fuel payments, as it stands even Paul McCartney can claim it. It's fair as the most vulnerable pensioners will still be able to claim. They've not announced any tax rises so theres no point being fussed over a 'maybe'. Dont blame Labour for the failire of the previous government. The tories purposely made it as hard as possible because they knew they were going to lose.
What happened after COVID ?? The govt saved many companies with a furlough scheme in addition to supporting the Ukriane. Your memory is conveniently short.
She seemed very hesitant to call him a liar, when she did she then went on a massive rant, I’m not defending tories or labour. But why send 11.3 BILLION to foreign countries... don’t see anyone else giving the uk any money?
But how’s that relevant to what she’s talking about she’s the chancellor or the exchequer she’s responsible for managing the money the government spends on rather fiscally conservative myself and I’m appalled at the apparent state of finance left by the conservative government which I always tend to agree with more personal responsibility and lower tax. But the Conservative Party failed to deliver on what they promised
We don't want migrants and refugees here anymore the world is so different even the reasons for them coming here are not the same and people here need a good education here about how the world has changed since ww1 and ww2 now and about our colonial history and empire in the UK that all over the world was British in a world that was completely different and about the middle East today which would be nothing like it is today had we not won ww1.
we are not talking about "rich" pensioners though? we are talking about pensioners who aren't scroungers, that's all. As usual the only people happy with labour are the people on benefits.
The Scottish marches for independence are 100% Scottish Nationalists yet there are no riots , police assault,looting etc . England has a problem with people coming to their shores from foreign countries, I think that England should only allow people in if they belong to a country that England invaded first , that should cut the numbers by 10% ISH
The only way to pull the country out of this is by INVESTING. Invest in communities, invest in infrastructure, invest in education. Austerity does nothing but sow the seeds for more austerity
The problem is people will have different definitions of what constitutes an 'investment'. I could tell my wife my new car is an 'investment in myself' but I don't think that'd fly. Money alone isn't the solution, it needs to be spent wisely on things that generate growth and funded in ways that limit harm to growth.
Its turning a universal benefit into a means tested one. That means pensioners in need will get it, those who do not, will not. Just like every other benefit so why should pensioners be any different?
So she has STOLLEN the Pensioners Winter Heating Allowance…in order to pay the Doctors who are on strike. She is also TAXING THEIR OLD AGE PENSION as the utility bills will be surging from Autumn onwards. REEVES IS AN UTTER DISGRACE AND NEEDS TO GO !! How much does she pay herself per year?
pensioners who meet the criteria for winter heating allowance will still get it- pensioners shouldn't get it just because they're old. Giving pay rises to people who are actually contributing to society makes way more sense. Maybe lay off the caps lock.
H@Blitz0z does anyone remember how much energy costs went up over the last 2 years? Penshioners don't have income from work to cover this, they only have their pensions and savings to live off.
@@matthewclifton2510 yes. We are ALL paying those costs and the majority of us don’t have triple - lock pensions. Just wages that have fallen in real terms.
She is treating the public like fools, the 20 billion black hole includes 11 billion of pay rises that the tories never committed too. Its labour giving junior doctors a 22 % pay rise.
WE COULD SAVE MONEY BY STOPPING SUBSIDISING MP@S LUNCHES & MAKE THEM PAY FOR THEIR OWN DRINKS> .STARMERS TAKING FROM US WHAT HE COULD BE SAVING SO LET US HAVE IT SAVED> ENOUGH IS ENOUGH. I THINK WITH THEIR WAGES THEY CAN BUY THEIR OWN LUNCH WITHOUT US HAVING TO SUBSIDISE IT>
I am sick and tired of hearing "all our hearts go out to the families" they allow these people to come here and will not do anything about it. AS USUAL!!!!!
There isn't unlimited spending for war and Ukraine though. The UK has sent £3 billion to Ukraine. That's £3 billion out of £1189 billion in spending going to Ukraine.
A tiny 0.5% of our GDP goes on aid and an even smaller amount of that goes to military aid... It's miniscule!... We have lots of wastage but that's way down the massive list to fix!
@davidholgate123 ahhh yes we love people justify spending our money on wars we are Not directly involved with that teeny tiny bit of money yiur talking about could get spent on Oh i dont know the british public, we also love giving Billions away in Aid to nations who steal it.
What's the difference between austerity under Labour and austerity under the Tories? Labour supporters kept telling me things would be different, so what is it that's different?
@@heliotropezzz333 Cutting future infrastructure spending and not announcing any new infrastructure projects won't *create* growth, it will do the opposite.
@@gavinclarke5079 They arent asking them though , they are telling them. While I do not doubt for one second that things are financially bad for the UK the Labour party were well aware of this and I understand why taxes need to rise what I dont understand is why Labour or Conservative MPs just cant be honest about it.
This is the guy who was used to be the Health secretary. After ruined the NHS, he then continuedly ruined the country's finances. How on earth he was allowed to charged the most important roles in the country? 🤦♂🙄🙄🙄
So what was osterity for then? How has tax revenue gone up so much in the last 10 years but national debt has tripled as well? Services are at their worst but we're paying more and more. The 40% tax bracket is the equivalent of 38K ten years ago, the upper working/lower middle class are giving more and more and getting less and less... The mind boggles as to what has gone so wrong.
Here we go.As expected the culture of blame thrives in the govenment. We will wake up one day and employ proper people to run the country instead of the following career minded people. Labour, Conservatives and other parties. We need to change.
A £22 Billion black hole based on the labour manifesto. Tories have always been more conservative on public spending... it's in their name! How is she surprised that the labour manifesto requires more funding than made available by the Tories?! I read the Labour policies and my first question was "where is that money going to come from?". They're 5 minutes in and we can already see a bumpy road ahead...
The tories don't spend money on the public because they spend it all on the private sector. Billions and billions of pounds to protect rail CEO's bottom line, rewarding them for the awful job they've been doing! Absolutely disgusting
Its impossible to think that labour didn't know this already. The economic data available to the previous ruling party is the same data available to the opposing party. They're third party auditors and non party civil servants involved in getting this data. Implying that "wow this is such a shock, we didn't see this coming" is insane.
Chancellor/Labour government keeps giving, without democratic consent, ever-flowing millions upon millions of taxpayers’ money to illegal & legal immigrants, whilst announcing that she will take money from British pensioners, putting our most vulnerable at even greater risk of having to choose between heating and eating this winter, or dying of hypothermia. What an arse
"The debate over how much of the fiscal inheritance is a surprise obscures the bigger picture, which is that the last government was reckless. The Conservatives cut taxes twice in the run-up to the election when it was not affordable to do so. Funding those tax cuts required the Conservatives to essentially ignore some of the funding pressures documented in Reeves’ audit and pencil in unrealistic spending commitments for after the election." “If the scale of these overspends and spending pressures was apparent in the spring… then it is hard to understand why they weren’t made clear or dealt with in the Spring Budget,” Paul Johnson, director of the IFS said “Jeremy Hunt’s £10bn cut to national insurance looks ever less defensible,” Johnson added.
The interviewer called him a liar twice, pushed her to use the word, and then highlighted the importance of ensuring facts are checked before calling someone a liar. 😂 Wtf?
why should ordinary working people pay more tax when we lose billions in tax from google, facebook, amazon and others who effectively pay no tax while making billions in profits.... I pay my gas bill so British Gas can make 100s of billions in profits and they get to claim tax back to "invest"... how is it fair? while they still have billions in untaxed pure profit...
plenty of money for illegal immigrants, but cutting winter fuel payments for pensioners, disgusting. waspi women have no chance of getting anything.Again disgusting.
So Sunak banging on about Labour costing everyone £2000 ,because their manefesto hadn’t calculated their budget was correctly funded ! So Labour lied ! She was able to see the books and probably did ! I’ve no faith in them
tbf we still don't know for sure how much Labour will cost everyone, but yes I do wonder if Sunak's words are closer to the truth than they were portrayed
Lied on tv and in parliament kick him out of parliament and jail him it’s taxpayers money they have stolen to give to there mates and guaranteeing them a job after political career is over feathering their nest at our expense jail him
@nitsujism doing better at what lol? All they've done is said what they wouldn't do and raise taxes to give into the unions. They are doing absolutely nothing to benefit UK citizens.
More Tory lies, from another Tory bot. Regardless of if Labour knew or not, the fact remains the Tories lied and squandered all the cash through incompetence and corruption.
That is one merciless, relentless, power seeking woman, Her number 1 priority is the obliteration of her political adversaries, consolidation of power. The economy is mere window dressing. Wow. Just wow.
Rachel Reeves, well the way she carries on for Labour she's as bad as any Conservative. Saying 'liars' - very professional indeed. Come on Labour knew the situation and now a great cover for them excusing tax rises coming down the line heavily now and saying the public finances are worse than expected. All political parties are a nightmare and they spend our tax! What they are great at is slagging-off one-another - Period.
The money spent by government has to be put on display in parliament and has to be under a parliament vote so labour new exactly where that money went .
they are all fecking useless - time to get rid of political parties and run the country like a multinational company with competent folks who can manage it and earn a bonus for savings and more efficiency. Why do we need some fcuk wits amateurs with 2 brain cells pretending to do it.
I actually really like Rachel Reeves. She spokes so kindly about public sector workers and gave them a decent payrise. Hunt shamed her for giving them good payrises. Just shows that Labour treats workers with respect
Over the last 14 years, we witnessed governments via the BOE, printing money and IOUs like there was no tomorrow. (the USA was doing the same). Money dished out to the banks for FREE, (at near zero % int. rates), for them to spend as they so wished......Gambling on the stock markets which inflated the markets and lending it out at low interest rates which increased DEBT. It was almost like the 1920's with debt driving up the Markets.....After all, the Markets coud not fail and borrowed chips on the casino tables always paid out. Then along came covid and a war in Ukraine. Now our World is awash with DEBT....There is more debt on the planet than the value of all stocks and shares.... Property and rent prices were also inflated which benefitted the "buy to lets" and crucified those starting out with nothing. (the younger generations). Here in the UK, in the last financial year, to March 2024, the government borrowed £122.1bn. The most recent monthly figures show that borrowing was £14.5bn in June , £3.2bn less than in the same month last year. The total amount the government owes is called the national debt. It is currently about £2.7 trillion.19 Jul 2024. Tne USA is in a similar position with a national debt of about $33 trillion. If Russia defeats the Ukrainians, then look out, as bond interest rates will double to about 10% then we will really be in trouble! Even though, the DEBT need servicing and repaying and we are in a situation almost akin to post WW1 and WW2 in a totally different world where the rest of the world is advancing at a terrific rate especially China and India. We can no longer rely on cheap goods along with food and energy imported to support businesses like retail and production. Getting back to "normal" (i.e. pre 2008 financial crash) may prove impossible because the culprits that caused the crash are still alive and kicking.....
More Tory lies, from another Tory bot. Regardless of if Labour knew or not, the fact remains the Tories lied and squandered all the cash through incompetence and corruption.
Covering up :Concealment of wrongdoing, especially through deception, withholding of information, and destruction of evidence, often accompanied by a refusal to cooperate with investigators. A cover-up frequently involves obstructing justice.
When it was assessed that Johnson had misled The House, he was forced to resign. If Labour hold themselves to the same standards, Reeves will be gone before the end of the day. I'm a nobody, but I knew about a deficit of around £20b months ago. Add to that, in line with tradition, Labour have had full access to all treasury staff and data since January of this year. She lied and needs to go.
Something stinks we expected some shortfall but not a cosmic catastrophe , wheres the money gone ithink reeves is lying too we need reform and quickly this labour is no good whatso ever .
Do the illegal immigrants in the comfy well warmed, hotel's paid for by pensioners as well, stop laughing at us as a country, never mind perhaps we'll all perish thru hypothermia in the winter,can she be charged with helping assisted dying.
The way she has gone about calling Jeremy Hunt a liar and so forth will come back to bite her. Not very smart politics. She's going to have to make some tough decisions and go back on the promises she made to the public. She too will be called a liar then. Even though they got a large majority, this Labour government will have to tread carefully. They really don’t have a compelling vision for the future.
When are the billionaires and multi millionaires going to pay their share in tax? The wealth gap has grown massively over last few decades.
Never, that was a lie they told
Get the IMF investigators in - we need to know the truth
Easy... the IFS already did ( all the information formation is in the public domain), and she is lying
i welcome that
@@barracuda008l4Read the OBR's letter. It's there for everyone to read. obr.uk/docs/dlm_uploads/Letter-from-Richard-Hughes-to-the-Treasury-Select-Committee-on-the-OBR-review-of-the-March-2024-forecast-for-departmental-expenditure-limits.pdf
@@barracuda008l4 source?
@@barracuda008l4 if it's in the public domain, give me a link.
Why does it feel like this is a lie to just tee up putting up the taxes they claimed they wouldn't raise
Because this is exactly what it is!
everything is signed off and checked by the OBR , they just want to put up taxes any excuse to get round it
Because she is a liar that’s why
Hopefully they do raise taxes. On rich people. They've had 14 years of a government that looked after the interests of the super rich. Notwithstanding the theft of billions by tory donors. Tax rises are fine for those that can afford it because they aren't paying enough. They're all 'patriots' after all. So they won't mind helping their country when they have to......
Check out the OBRs statement on their website from yesterday, it's not a lie.
There are over a million retired millionaires - they will not miss £6 a week, more of the rich tax loop holes will be focused on in October
it used to be the working class that put labour in office but this time in my opinion it is the ELITES.They have got STARMER just where they want him & the sad thing is he doesn't realise it.
Can someone explain this? We've been running a deficit for years. Public spending has exceeded revenue for all that time. So doesn't that mean that there is always a hole in public finances? Why should we be surprised?
The black hole of public spend added to borrowing by the CON party since 2010. Hence the debt grew from 1 trillion to 3 trillion.
Because the previous goverment said the deficiet was £80B, they lied it was £100B+
If there is a deficiet it can be covered by borrowing and using savings but there wasnt even enough of that left because they wasted that too
They covered up the extra £20B, not just from the public but also from the rest of goverment so people & communities were promised money that didnt exist.
@@steve18421this current Labour government knew full well where every penny goes and comes from.
"I didn't know" seems to be the Labour theme tune
@@darrenhopkins6829 More Tory lies, from another Tory bot. Regardless of if Labour knew or not, the fact remains the Tories lied and squandered all the cash through incompetence and corruption.
@@darrenhopkins6829If it's not reported, they don't know.
The hunt lied? Surely not? How could he? A person of proven probity like him?
Why is he not facing prosecution for lying about public finance ?
Maybe she isn’t telling thre truth either.
@@jmcc2275 she most certainly isn't.
Labour may have the same problems as the tories by not listening to the British public, big mistake.
The last thing Labour would do is ignore the public. They are in office to serve us, Tories are in power to serve people with large wealth accumulated and unadulterated greed.
The same british public that voted for brexit and then was wondering why theve gotten poorer
Keir Starmer promised there would be no return to Austerity and yet here we are facing cuts to public services just because Labour won't tax the rich
The huge black hole was kept a secret so labour have no choice but to tax or cut. Let's see what they do in October. Hope they tax the rich first and most.
The rich can flock to The UAE 🇦🇪 😎 🙌 😏 👌 🤣 I think Reeves is trying to balance it though private school 🏫 fees are now VAT charged 😀
Well the financial situation is much worse than we thought to be fair
Tory liars
@@aaronaaronson7600Almost like leaving a note saying 'There is no money' 😂
Different colour hats
£6.5 Billion just on illegal immigrants
Only gonna get worse!
Remember that bill all goes to their tory pals who own the hotel chains
@@xaiano794you think the hotel bill is big, wait until they all have legal costs, houses, benefits and offspring funded by the tax payer……
@@TonyWelch75 Exactly, the tory/brexiteer mess will cost us all
Actually it’s 8 billion so far!
What a dangerous woman first opportunity she gets she takes off the vulnerable pensioners - she is lying through her teeth it’s obvious
She had access to all the figures
She didn't nobody did only central government had the full figures and didn't give them to either Labour or organisations such as the IFS who have called these overspends shocking
"Nonetheless, some of the specifics are indeed shocking, and raise some difficult questions for the last government. If the scale of these overspends and spending pressures was apparent in the spring - and in lots of cases, there’s no reason to suppose otherwise - then it is hard to understand why they weren’t made clear or dealt with in the Spring Budget. Jeremy Hunt’s £10 billion cut to national insurance looks ever less defensible. On asylum costs, the decision to effectively stop processing claimants, and to budget virtually nothing for the resultant costs of housing them, looks like very poor policy making. The new Chancellor is right to be cross."
The figures the OBR confirmed were wrong in their statement on their website yesterday?
Not lying just adjusting the priorities I qualify for heating allowance but I don’t need it not all pensioners are affected only the poor pensioners
4 weeks in and already on the defensive. She's not going to last
She's painting it black to give herself more wiggle room
No, people want her and Labour to fail, im afraid thats just the way it is.
What a joke, Labour continuing austerity. This economy will be going to pants.
Gave Junior doctors and other public services a pay increase. How is that austerity?
What a strange comment. How the hell is giving public sector workers an above inflation pay rise austerity.
@@alsayedfakhri4597 Pensioners on benefits will still recieve winter fuel payments, as it stands even Paul McCartney can claim it. It's fair as the most vulnerable pensioners will still be able to claim. They've not announced any tax rises so theres no point being fussed over a 'maybe'. Dont blame Labour for the failire of the previous government. The tories purposely made it as hard as possible because they knew they were going to lose.
Suddenly people are concerned about the debts ? What happened for the last 15 years ? Who was responsible for these debts? It was the past government.
What happened after COVID ?? The govt saved many companies with a furlough scheme in addition to supporting the Ukriane. Your memory is conveniently short.
She seemed very hesitant to call him a liar, when she did she then went on a massive rant, I’m not defending tories or labour. But why send 11.3 BILLION to foreign countries... don’t see anyone else giving the uk any money?
Jeremy hunt should be done for misconduct in public office, it can lead to a prison sentence.
There's more austerity coming. Labour wouldn't have got such an easy ride from the media if they hadn't promised this to their funders.
Tony Blair lied about Arms in Iraq...........
and the Tories lied about everything in every party ever. There is a reason we all say "Never Trust A Tory"
Boris Johnson lied about...everything.
But how’s that relevant to what she’s talking about she’s the chancellor or the exchequer she’s responsible for managing the money the government spends on rather fiscally conservative myself and I’m appalled at the apparent state of finance left by the conservative government which I always tend to agree with more personal responsibility and lower tax. But the Conservative Party failed to deliver on what they promised
We don't want migrants and refugees here anymore the world is so different even the reasons for them coming here are not the same and people here need a good education here about how the world has changed since ww1 and ww2 now and about our colonial history and empire in the UK that all over the world was British in a world that was completely different and about the middle East today which would be nothing like it is today had we not won ww1.
That’s one lie. Every powerful Tory has lied many many times during the last 14 years.
It’s not similar in the slightest
taking from pensioners and giving to zelenski 👏👏👏
Rich pensioners should not be subsidised
we are not talking about "rich" pensioners though? we are talking about pensioners who aren't scroungers, that's all. As usual the only people happy with labour are the people on benefits.
Keep at it, Chancellor Reeves. Please build a better economy.
She couldn't build a lego house
How long she going to harp on with the blame game, to save her own neck.
3 weeks post election is fine, Tories were still blaming Labour in the last election which haven't been in power for 3 terms.
Until she and Angela open their OF accounts and fill in that black hole
eh?? lol!
Ok second hunt, labour have been in for 3 weeks. At least they dont lie to your face as the tories have. Quick to judge
The Tories blames Labour for the US subprime crash for over 10 years to excuse their austerity for the masses whilst funneling money to the wealthy.
Will we be able to see a doctor once they get a 22% pay rise. I bet we dont
They will go on holiday
@secretsquirrel6124 🙄
Huge pay rises for people on huge pay….. pay rises of this nature should only apply to those earning less than 100k per year.
@@paulk9534 on average a junior doctor is on 35k
22% pay rise only to have an Internet consultation 🙄
The Scottish marches for independence are 100% Scottish Nationalists yet there are no riots , police assault,looting etc . England has a problem with people coming to their shores from foreign countries, I think that England should only allow people in if they belong to a country that England invaded first , that should cut the numbers by 10% ISH
What a shameless lie. Terrible excuse for austerity and tax rises
The biggest cons are hunt,
Freezing the tax thresholds will bring in more tax revenues without "increasing taxes".
A Sunak policy
@@harlyslamm2888Adopted gratefully by the Labour Party
FROM THE LOWEST PAID!!! REFORM HAD THE RIGHT IDEA!. Labour may well finish the job of destruction of the UK.
@@richardyates7280 and make every pensioner and worker worse off. I have lost an extra £3000 in income tax in the last 2 years..
@mikel8850 The rates will not increase but the amount taken will. Anyone with any nous would expect that.
The only way to pull the country out of this is by INVESTING. Invest in communities, invest in infrastructure, invest in education. Austerity does nothing but sow the seeds for more austerity
The problem is people will have different definitions of what constitutes an 'investment'. I could tell my wife my new car is an 'investment in myself' but I don't think that'd fly. Money alone isn't the solution, it needs to be spent wisely on things that generate growth and funded in ways that limit harm to growth.
Where does the money come from
And the labour party are screwing the pensioner
Its turning a universal benefit into a means tested one. That means pensioners in need will get it, those who do not, will not. Just like every other benefit so why should pensioners be any different?
So she has STOLLEN the Pensioners Winter Heating Allowance…in order to pay the Doctors who are on strike.
She is also TAXING THEIR OLD AGE PENSION as the utility bills will be surging from Autumn onwards.
REEVES IS AN UTTER DISGRACE AND NEEDS TO GO !!
How much does she pay herself per year?
pensioners who meet the criteria for winter heating allowance will still get it- pensioners shouldn't get it just because they're old. Giving pay rises to people who are actually contributing to society makes way more sense. Maybe lay off the caps lock.
Stollen? It’s not Christmas yet
H@Blitz0z does anyone remember how much energy costs went up over the last 2 years? Penshioners don't have income from work to cover this, they only have their pensions and savings to live off.
Stollen? Don't mention the war. 😂
@@matthewclifton2510 yes. We are ALL paying those costs and the majority of us don’t have triple - lock pensions. Just wages that have fallen in real terms.
Why don't they tax the rich and powerful who have the funds to meet the demands of inherited debts?
She is treating the public like fools, the 20 billion black hole includes 11 billion of pay rises that the tories never committed too. Its labour giving junior doctors a 22 % pay rise.
True.
maybe because public sector pay has slipped behind the private sector year on year because of, get this, the torys.
@@mr.pigeons6228 They have had reasonable pay rises under The Conservatives.
WE COULD SAVE MONEY BY STOPPING SUBSIDISING MP@S LUNCHES & MAKE THEM PAY FOR THEIR OWN DRINKS> .STARMERS TAKING FROM US WHAT HE COULD BE SAVING SO LET US HAVE IT SAVED> ENOUGH IS ENOUGH. I THINK WITH THEIR WAGES THEY CAN BUY THEIR OWN LUNCH WITHOUT US HAVING TO SUBSIDISE IT>
No the tories have shattered the UK economy. Only under the tories have we lost our AAA credit rating.
I am sick and tired of hearing "all our hearts go out to the families" they allow these people to come here and will not do anything about it.
AS USUAL!!!!!
Rachel Reeves did very well in this interview. I believe her. I can believe that Jeremy Hunt lied.
Only a fool would believe her
The OBR and others have backed the Chancellor's claims of the previous treasury team not being transparent.
@@karlclark8625 Interesting because everyone knew the state of the economy beforehand.
Remember when Liebour were always pressing for more "Lock downs" during COVID?, they were more than desperate for them.
@@hyperbole6529They knew it was shafted, but not by how much in terms of a figure.
Everything has to be costed and planned when it comes to spending on us but there’s unlimited billions for wars weapons and Ukraine
The most intelligent comment I have read today.
There isn't unlimited spending for war and Ukraine though.
The UK has sent £3 billion to Ukraine.
That's £3 billion out of £1189 billion in spending going to Ukraine.
A tiny 0.5% of our GDP goes on aid and an even smaller amount of that goes to military aid... It's miniscule!... We have lots of wastage but that's way down the massive list to fix!
Found the Russian Bot! A greater expense will come to us all if we allow Ukraine to fall to Russia.
@davidholgate123 ahhh yes we love people justify spending our money on wars we are Not directly involved with that teeny tiny bit of money yiur talking about could get spent on Oh i dont know the british public, we also love giving Billions away in Aid to nations who steal it.
What's the difference between austerity under Labour and austerity under the Tories? Labour supporters kept telling me things would be different, so what is it that's different?
Pay rises, housebuilding, NHS improvement, investment to produce growth.
The difference is being fair. For example asking richer pensioners to give up money they dont need
@@heliotropezzz333 what your not mentioning is the inevitable tax increases, and the effect already happening to pensioners...
@@heliotropezzz333 Cutting future infrastructure spending and not announcing any new infrastructure projects won't *create* growth, it will do the opposite.
@@gavinclarke5079 They arent asking them though , they are telling them.
While I do not doubt for one second that things are financially bad for the UK the Labour party were well aware of this and I understand why taxes need to rise what I dont understand is why Labour or Conservative MPs just cant be honest about it.
This is the guy who was used to be the Health secretary. After ruined the NHS, he then continuedly ruined the country's finances. How on earth he was allowed to charged the most important roles in the country? 🤦♂🙄🙄🙄
So what was osterity for then? How has tax revenue gone up so much in the last 10 years but national debt has tripled as well? Services are at their worst but we're paying more and more. The 40% tax bracket is the equivalent of 38K ten years ago, the upper working/lower middle class are giving more and more and getting less and less... The mind boggles as to what has gone so wrong.
Blair "these are not the WMDs I was looking for". True.
Here we go.As expected the culture of blame thrives in the govenment. We will wake up one day and employ proper people to run the country instead of the following career minded people. Labour, Conservatives and other parties. We need to change.
A £22 Billion black hole based on the labour manifesto. Tories have always been more conservative on public spending... it's in their name! How is she surprised that the labour manifesto requires more funding than made available by the Tories?! I read the Labour policies and my first question was "where is that money going to come from?". They're 5 minutes in and we can already see a bumpy road ahead...
The tories don't spend money on the public because they spend it all on the private sector. Billions and billions of pounds to protect rail CEO's bottom line, rewarding them for the awful job they've been doing! Absolutely disgusting
Here we go cut cut cut scrap scrap scrap
14 years of austerity and managed decline started by Cameron/Osborne has ruined this country and these bozo's are seeking to continue with that
shes literally spending more money
That is an unhinged take on this situation. Seek help
It wasn't managed decline at all, it was through economic incompetence and corruption.
Started by Tony Blair who started selling our manufacturing plants actually.
@@Micfri300 started with Maggie Thatcher who sold off everything... actually!
Its impossible to think that labour didn't know this already. The economic data available to the previous ruling party is the same data available to the opposing party. They're third party auditors and non party civil servants involved in getting this data. Implying that "wow this is such a shock, we didn't see this coming" is insane.
Chancellor/Labour government keeps giving, without democratic consent, ever-flowing millions upon millions of taxpayers’ money to illegal & legal immigrants, whilst announcing that she will take money from British pensioners, putting our most vulnerable at even greater risk of having to choose between heating and eating this winter, or dying of hypothermia. What an arse
"The debate over how much of the fiscal inheritance is a surprise obscures the bigger picture, which is that the last government was reckless.
The Conservatives cut taxes twice in the run-up to the election when it was not affordable to do so.
Funding those tax cuts required the Conservatives to essentially ignore some of the funding pressures documented in Reeves’ audit and pencil in unrealistic spending commitments for after the election."
“If the scale of these overspends and spending pressures was apparent in the spring… then it is hard to understand why they weren’t made clear or dealt with in the Spring Budget,” Paul Johnson, director of the IFS said
“Jeremy Hunt’s £10bn cut to national insurance looks ever less defensible,” Johnson added.
IMF when they reviewed UK economy just before election they said black hole of around £40billion. Due to the NI cut the made in last 2 budgeta
The interviewer called him a liar twice, pushed her to use the word, and then highlighted the importance of ensuring facts are checked before calling someone a liar. 😂 Wtf?
Sly News!!
Counting down to the tax increase
why should ordinary working people pay more tax when we lose billions in tax from google, facebook, amazon and others who effectively pay no tax while making billions in profits.... I pay my gas bill so British Gas can make 100s of billions in profits and they get to claim tax back to "invest"... how is it fair? while they still have billions in untaxed pure profit...
are people really surprised that politicians lie 🤣
The Telegraph reported Sir Keir got a special "tax unregistered" pension scheme when he stood down as Director of Public Prosecutions (DPP) in 2013.
plenty of money for illegal immigrants, but cutting winter fuel payments for pensioners, disgusting. waspi women have no chance of getting anything.Again disgusting.
So Sunak banging on about Labour costing everyone £2000 ,because their manefesto hadn’t calculated their budget was correctly funded ! So Labour lied ! She was able to see the books and probably did ! I’ve no faith in them
tbf we still don't know for sure how much Labour will cost everyone, but yes I do wonder if Sunak's words are closer to the truth than they were portrayed
Such a breath of fresh air hear and see to a grown up politician take the stage at long last! 🙏
Liars double hate Liars
She is probably the best person for the job in Parliament right now.
Lied on tv and in parliament kick him out of parliament and jail him it’s taxpayers money they have stolen to give to there mates and guaranteeing them a job after political career is over feathering their nest at our expense jail him
How could labours manifesto be fully costed if they didnt even actually know what money was available. Sounds like they lied as well.
The books are supposed to be shared, which she saw they were, but she says other parts were hidden.
shes still stuck to her fully funded manifesto commitments so it doesn't actually change much
😂is that the sound of a "petard" going off?
Labour sound more conservative than the conservatives. Politics has definitely shifted , let's hope the Tories never darken our doors ever again
The tories were terrible but labour will be way worse.
@@charlieshorto6558They're already way, way better. They're actually doing stuff.
@@nitsujism yes like increasing taxes and letting in more asylum seekers and refugees from backwards third world countries how good of them.
@nitsujism doing better at what lol? All they've done is said what they wouldn't do and raise taxes to give into the unions.
They are doing absolutely nothing to benefit UK citizens.
@@charlieshorto6558 Worse by what metric? From what I've seen they're doing pretty well so far.
She's not in parliament so that is possibly actionable under slander laws
Thanks, Wilf. I wish Chancellor Reeves had gone point by point through Jeremy Hunt’s rebuttal given in Parliament yesterday.
Foreshadowing is such an underrated story telling device.
Preparing us for.....Austerity?😅
We've never been out of austerity
@ohyesitsme Very clever. So will this be austerity lite?
@@richardyates7280 Nah they need to make it sound cool and attractive "Austerity X"
Public sector pay rises, investment initiatives, building homes is the opposite of austerity.
Like she wasn't fully aware 😅 All Labour is good at is blaming everything else.
More Tory lies, from another Tory bot. Regardless of if Labour knew or not, the fact remains the Tories lied and squandered all the cash through incompetence and corruption.
They will be doing this for the next five years.
In this instance the fault does lie with the Tories. She is not responsible for this black hole, hunt is.
Hunt may well have not lied he may simply did not understand what the situation was.
He has never come across as the sharpest tool in the box.
That is one merciless, relentless, power seeking woman, Her number 1 priority is the obliteration of her political adversaries, consolidation of power. The economy is mere window dressing. Wow. Just wow.
Tory mess
Rachel Reeves, well the way she carries on for Labour she's as bad as any Conservative. Saying 'liars' - very professional indeed. Come on Labour knew the situation and now a great cover for them excusing tax rises coming down the line heavily now and saying the public finances are worse than expected. All political parties are a nightmare and they spend our tax! What they are great at is slagging-off one-another - Period.
She's a lier full of it
It wasn’t ‘SAT’ on her desk….
It was ‘SITTING’ on her desk….did Rachel Reeves actually pass her English grammar GCSE?
Well it on record so let's see who's pants or knickers are on fire?
Someones credibility is on the line.
if there is 22bn hole how can the doctor pay rises be afforded
Tax the 1 percent for 1
The last labour government left a £158 billion deficit
That’s a little less than it is now
Ask her why the police chief ‘lied’ about there the murderer originated from 😤
Can someone explain to me why they think pensioners whom are literal millionares should get the winter fuel payments? I'll wait here.
He more than likely did, however I don’t believe Labour when they say they didn’t, not…one…bit🤬😒
The money spent by government has to be put on display in parliament and has to be under a parliament vote so labour new exactly where that money went .
Print more money like the US. Tax free heaven . Ireland is one example.
I'm going to spend an extra £24 Billion on the public sector wage bills etc. Then blame the Tories for the 'blackhole' I just created. 😂😂😂
The OBR confirmed the blackhole
She is very competent compared to the Tory chancellor's
Labour are a disaster already
PATHETIC
they are all fecking useless - time to get rid of political parties and run the country like a multinational company with competent folks who can manage it and earn a bonus for savings and more efficiency. Why do we need some fcuk wits amateurs with 2 brain cells pretending to do it.
And Reeves knew 6 ago , she lied too
When she is kicking the pensioners ,will she be wearing expensive designer shoes?
I actually really like Rachel Reeves. She spokes so kindly about public sector workers and gave them a decent payrise. Hunt shamed her for giving them good payrises. Just shows that Labour treats workers with respect
💯
I don't get why ministers are wasting time at news channel buildings. Don't they have more important things to do?
Over the last 14 years, we witnessed governments via the BOE, printing money and IOUs like there was no tomorrow. (the USA was doing the same).
Money dished out to the banks for FREE, (at near zero % int. rates), for them to spend as they so wished......Gambling on the stock markets which inflated the markets and lending it out at low interest rates which increased DEBT.
It was almost like the 1920's with debt driving up the Markets.....After all, the Markets coud not fail and borrowed chips on the casino tables always paid out.
Then along came covid and a war in Ukraine.
Now our World is awash with DEBT....There is more debt on the planet than the value of all stocks and shares....
Property and rent prices were also inflated which benefitted the "buy to lets" and crucified those starting out with nothing. (the younger generations).
Here in the UK, in the last financial year, to March 2024, the government borrowed £122.1bn. The most recent monthly figures show that borrowing was £14.5bn in June , £3.2bn less than in the same month last year. The total amount the government owes is called the national debt. It is currently about £2.7 trillion.19 Jul 2024.
Tne USA is in a similar position with a national debt of about $33 trillion.
If Russia defeats the Ukrainians, then look out, as bond interest rates will double to about 10% then we will really be in trouble!
Even though, the DEBT need servicing and repaying and we are in a situation almost akin to post WW1 and WW2 in a totally different world where the rest of the world is advancing at a terrific rate especially China and India.
We can no longer rely on cheap goods along with food and energy imported to support businesses like retail and production.
Getting back to "normal" (i.e. pre 2008 financial crash) may prove impossible because the culprits that caused the crash are still alive and kicking.....
This labour government is already a total disaster and their not even a month in to the job.
Go on.
Labour did the same thing
More Tory lies, from another Tory bot. Regardless of if Labour knew or not, the fact remains the Tories lied and squandered all the cash through incompetence and corruption.
This woman worked in the bank of England? Must have been as a cleaner
Austerity with a smile. Another party, same goals.
I have never seen a more annoyed MP,after hearing tory lies.
Covering up :Concealment of wrongdoing, especially through deception, withholding of information, and destruction of evidence, often accompanied by a refusal to cooperate with investigators. A cover-up frequently involves obstructing justice.
The Tories NEVER LIED IN 14 YEARS!😂😂😂😂😂
HAHAHAHHAHAHAHAHAHAAHHAHAHAHAAHHAAHAHAHHAHAAHHAHAHAAHHAHAHAHA
Damn! I was going to point that out. Especially Honest Boris and his cronies.
Sleeping in these 14 yrs
When it was assessed that Johnson had misled The House, he was forced to resign.
If Labour hold themselves to the same standards, Reeves will be gone before the end of the day.
I'm a nobody, but I knew about a deficit of around £20b months ago. Add to that, in line with tradition, Labour have had full access to all treasury staff and data since January of this year.
She lied and needs to go.
She knew about the finances. She said it herself in an interview with the times which wasn’t long ago.
why did they give 3 billion away soon as they came into power
Something stinks we expected some shortfall but not a cosmic catastrophe , wheres the money gone ithink reeves is lying too we need reform and quickly this labour is no good whatso ever .
Anyone with a brain knew the Tories were doing this anyway, why are people surprised now it’s come to light
Hunt is a shameless sham. Since being Health Minister he deserves ZERO respect. Vile nan
SHE IS A LYING PIG
Do the illegal immigrants in the comfy well warmed, hotel's paid for by pensioners as well, stop laughing at us as a country, never mind perhaps we'll all perish thru hypothermia in the winter,can she be charged with helping assisted dying.
''Thoughts and prayers'' definitely not an Irish leftie....as for holes in finances... the late Garret Fitzgerald patented that one many years ago!
The way she has gone about calling Jeremy Hunt a liar and so forth will come back to bite her. Not very smart politics. She's going to have to make some tough decisions and go back on the promises she made to the public. She too will be called a liar then. Even though they got a large majority, this Labour government will have to tread carefully. They really don’t have a compelling vision for the future.
The difference is the Tories purposefully left a poisoned chalice. An incredible example of party over people.