The 2009 Budget - Lies, Spin & Class WarfareThe 22nd April 2009 shall now forever be known as the day that the cupboard was truly laid before the general public as being bare. The Chancellor Allistair Darling has proven to the United Kingdom the two main points that we Conservatives have been arguing for many years...
This Government Has Spent Vastly Too Much Money
We were all enlightened, very quickly of course in attempt for Messrs Darling & Brown to save face, as to the sheer scale of Britain's Debt Crisis this past Wednesday. It was revealed to us that the Government was intending to borrow £175 Billion this year followed by £173 Billion next year. Leading to the scenario were our debt will be a massive 79% of GDP within the space of a few years.
Even more worrying still is that even these sensational borrowing figures are based on the Chancellor's, and I quote, "ludicrously optimistic" estimates for growth. In all of his wisdom, much on the same level as his predecessor one would guess, Mr Darling believes that we will have returned to growth of 1.25% by the end of the year. He also believes that the negative growth for this year, vastly recalculated after the diasterous PBR, will be only 3.5% when the IMF is already reporting a recession of at least 4.1% and a further fall of 0.4% next year. It boggles the mind to even begin to think of the levels of borrowing that will be present where the IMF's predictions to be true or ever worse!
It is clear from all of these facts that the New Labour government has spent vastly too much money and yet achieved next to nothing in terms of improving our services or in terms of reducing our tax burden. Simply put this Labour Government has basically maxed out our Credit Card and gone on a booze cruise. It was the Conservatives lead by Michael Howard in the 2005 Election who assured us all that we needed to bring down the massive debt burden but a combination of an unfair electoral advantage and a poorly ran campaign allowed Labour to hang on a decimate the country further.
This Labour Government Cares Far More About Saving It's Political Skin Than Helping This Country Recover
It doesn't take an economic genius to discover what is mysteriously absent from the budget this year, and it also does not take a political analyst to discover why this is the case. The simple fact is Labour has refused to cut spending by the degree needed to bring our debt crisis under control, instead it has continued to borrow vast sums of money and appeal to the Labour core vote. How so you may ask? Well by going for the two main thing that get the core Labour vote out their to vote for the wealth destroyers... benefits.
We have seen a increase of £20 to child tax credit... you remember that measure that Tony Blair brought in which resulted in a massive increase in teenage pregnancy? (a complete coincidence of course, it would be blasphemy against the liberal establishment to suggest otherwise about these "victims of society") By increasing a benefit one will of course immediately have those who contribute nothing to our economy crawling out to vote for the socialists who aim to raise them up at the cost of every hard-working individual in the United Kingdom.
In the meantime we have pretty much a complete absence of spending cuts, so much is clear by the fact that we are facing a borrowing bill of £175 Billion this year. Labour could never dare to be associated with spending cuts and so instead has decided to resort to no form of public sector reform whatsoever merely babbling about "efficiency drives". Yet again as we have come to expect, all spin no subtance.
Yet again Labour have proven that they are more interested in shoring up support in their seats than they are in protecting this country from the biggest peacetime debt crisis it has ever faced. But what else could we expect from a party that destroyed the very principle of Habeus Corpus in an attempt to look "tough on terrorism".
....and let's just throw in an old Labour campaign classic!!!
Class Warfare!
That's right consider New Labour and the pro-enterprise approach well and truly dead because the old-school class warfare system is back with us through the announcement of the new 50% top rate of income tax, thereby ditching a manifesto pledge to not raise Income Tax.
Now of course it is no surprise to any intelligent individual why this tax band has been brought in. I'm sure anyone who is foolish enough to believe Brown's assertion that this tax is about "fairness" was going to be voting for him anyway. This is nothing more than an attempt to portray the Conservatives as the "party of the few" through our opposition to this proposal, it seems that messrs Cameron & Osborne are not going to take the bait on this but let's hope this translates into positive action following a general election.
Economic think-tanks have already readily condemned the tax rise as pointless with the Institute of Fiscal Studies warning that the treasury's predictions regarding the tax have a "very high degree of uncertainty" and many predicting that this could lead to an overall loss in government revenue rather than a gain with businesses simply moving abroad and many using loopholes to declare their income as Capital Gains.
This tax is not about prudence, it is not about economics, it is purely political and it sets the tone for a nasty election campaign that we were already expecting after the "Smeargate" affair. Class Warfare is back, prepare party members to be attacked as toffs and just about everything else going as Labour prepares to appeal to the bitter economic hangers on that exist within Blair & Brown's Britain.
Ignore the slogans about a "Budget for Jobs" and a "Green Revolution" this budget is purely about one thing, old labour politics and the return of the bitter redistributionist policies of Healey and Callaghan...
New Labour is Dead.... Old Labour Is Back
It's Time For The Return Of The New Right... Thatcherism Must Return To Make Britain Great Once More
This Government Has Spent Vastly Too Much Money
We were all enlightened, very quickly of course in attempt for Messrs Darling & Brown to save face, as to the sheer scale of Britain's Debt Crisis this past Wednesday. It was revealed to us that the Government was intending to borrow £175 Billion this year followed by £173 Billion next year. Leading to the scenario were our debt will be a massive 79% of GDP within the space of a few years.
Even more worrying still is that even these sensational borrowing figures are based on the Chancellor's, and I quote, "ludicrously optimistic" estimates for growth. In all of his wisdom, much on the same level as his predecessor one would guess, Mr Darling believes that we will have returned to growth of 1.25% by the end of the year. He also believes that the negative growth for this year, vastly recalculated after the diasterous PBR, will be only 3.5% when the IMF is already reporting a recession of at least 4.1% and a further fall of 0.4% next year. It boggles the mind to even begin to think of the levels of borrowing that will be present where the IMF's predictions to be true or ever worse!
It is clear from all of these facts that the New Labour government has spent vastly too much money and yet achieved next to nothing in terms of improving our services or in terms of reducing our tax burden. Simply put this Labour Government has basically maxed out our Credit Card and gone on a booze cruise. It was the Conservatives lead by Michael Howard in the 2005 Election who assured us all that we needed to bring down the massive debt burden but a combination of an unfair electoral advantage and a poorly ran campaign allowed Labour to hang on a decimate the country further.
This Labour Government Cares Far More About Saving It's Political Skin Than Helping This Country Recover
It doesn't take an economic genius to discover what is mysteriously absent from the budget this year, and it also does not take a political analyst to discover why this is the case. The simple fact is Labour has refused to cut spending by the degree needed to bring our debt crisis under control, instead it has continued to borrow vast sums of money and appeal to the Labour core vote. How so you may ask? Well by going for the two main thing that get the core Labour vote out their to vote for the wealth destroyers... benefits.
We have seen a increase of £20 to child tax credit... you remember that measure that Tony Blair brought in which resulted in a massive increase in teenage pregnancy? (a complete coincidence of course, it would be blasphemy against the liberal establishment to suggest otherwise about these "victims of society") By increasing a benefit one will of course immediately have those who contribute nothing to our economy crawling out to vote for the socialists who aim to raise them up at the cost of every hard-working individual in the United Kingdom.
In the meantime we have pretty much a complete absence of spending cuts, so much is clear by the fact that we are facing a borrowing bill of £175 Billion this year. Labour could never dare to be associated with spending cuts and so instead has decided to resort to no form of public sector reform whatsoever merely babbling about "efficiency drives". Yet again as we have come to expect, all spin no subtance.
Yet again Labour have proven that they are more interested in shoring up support in their seats than they are in protecting this country from the biggest peacetime debt crisis it has ever faced. But what else could we expect from a party that destroyed the very principle of Habeus Corpus in an attempt to look "tough on terrorism".
....and let's just throw in an old Labour campaign classic!!!
Class Warfare!
That's right consider New Labour and the pro-enterprise approach well and truly dead because the old-school class warfare system is back with us through the announcement of the new 50% top rate of income tax, thereby ditching a manifesto pledge to not raise Income Tax.
Now of course it is no surprise to any intelligent individual why this tax band has been brought in. I'm sure anyone who is foolish enough to believe Brown's assertion that this tax is about "fairness" was going to be voting for him anyway. This is nothing more than an attempt to portray the Conservatives as the "party of the few" through our opposition to this proposal, it seems that messrs Cameron & Osborne are not going to take the bait on this but let's hope this translates into positive action following a general election.
Economic think-tanks have already readily condemned the tax rise as pointless with the Institute of Fiscal Studies warning that the treasury's predictions regarding the tax have a "very high degree of uncertainty" and many predicting that this could lead to an overall loss in government revenue rather than a gain with businesses simply moving abroad and many using loopholes to declare their income as Capital Gains.
This tax is not about prudence, it is not about economics, it is purely political and it sets the tone for a nasty election campaign that we were already expecting after the "Smeargate" affair. Class Warfare is back, prepare party members to be attacked as toffs and just about everything else going as Labour prepares to appeal to the bitter economic hangers on that exist within Blair & Brown's Britain.
Ignore the slogans about a "Budget for Jobs" and a "Green Revolution" this budget is purely about one thing, old labour politics and the return of the bitter redistributionist policies of Healey and Callaghan...
New Labour is Dead.... Old Labour Is Back
It's Time For The Return Of The New Right... Thatcherism Must Return To Make Britain Great Once More
