George Osborne's autumn statement 2011

[denphone]

http://www.guardian.co.uk/uk/blog/20...statement-live


Well these are the main bits to take out of the autumn statement today and pretty grim reading it is too but what are your opinions on it.

• 2011 growth forecast cut to 0.9%
• Pension age to rise to 67 by 2028
• Bank levy increased to 0.088%, raising £2.5bn
• OBR predicts 710,00 public sector job losses by 2017

A delay in a 3p rise in fuel duty to come into effect in January;

A new public pay cap at 1 per cent for two years;

A freeze in working tax credits;

A £40billion credit easing scheme to help small firms;

A £5billion cash boost for over 500 infrastructure projects – including roads, railways, airports and broadband expansion. A further £25billion could be spent in future years;

A trimming Britain’s foreign aid budget so that it does not overshoot its 0.7 per cent spending target by 2013;

An increase in the Bank levy to raise £2.5billion;

An extra £1.2bn will be spend on education - including £600m for authorities that need new school places;

Rail fares capped at 1 per cent above inflation next year;

A £1billion fund to help the young unemployed;

Mortgage indemnity scheme to help 100,000 people get onto the property ladder;

£500m housebuilding plan in England;

January rise in regulated rail fares to be capped at 6.2%, not 8.2%;

A £250million scheme to ease the impact of climate change taxes on energy intensive firms;

£380m to double free nursery places for toddlers

[Alan Fry]

Worst...Budget...Ever...!

[Hugh]

Why?

[Gary L]

Originally Posted by Hugh

Why?

Because the price of fags is going up.

[papa smurf]

Originally Posted by Gary L

Because the price of fags is going up.

no no no Garyl one doesn't pay for a fag is a right of tradition

http://en.wikipedia.org/wiki/Fagging

[Sirius]

Originally Posted by Alan Fry

Worst...Budget...Ever...!

Says you

[martyh]

probably the best we could expect ,and overall not too bad .For all those nay sayers out there just remember he could have put income tax up by 2p

[devilincarnate]

I thought that Gordon was back after the comments from Nick, Robert and Stephanie

[mertle]

Pension thing the most bizzare stupid idea's in my opinion has no thought about the kind job which being undertaken or could be undertaken.

Take teacher in school hardly going to be wanting to try deal with brats at 66 bad enough when they coming to the end of pensionable age now.

Equally physical job not going to be viable too.

Its also at time when jobs market shrinking due to cuts and mechanism in real world should infact retirement Age be reduced than extended. Only ones being that can teach a trade to the next generations be able to move beyond or due to skills shortage.

Most likely employers will dump them on the dole anyway so think its rather distasteful to deny those 2 years of pension.

Its lack forsight by this government hope next government consigns idiotic move to the bin.

[Gary L]

Originally Posted by papa smurf

no no no Garyl one doesn't pay for a fag is a right of tradition

http://en.wikipedia.org/wiki/Fagging

That'll please him then

[Alan Fry]

Originally Posted by Hugh

Why?

I will no do anything major to help the economy and the the public sector pay cap is really just proves the the government want to fight the public sector unions

Plus we are giving aid to other counteries when 20% of our fellow UK citizen are in poverty

This Country is going down the dogs and nether the Tories/Lib Dems or Labour has any policys to deal with the economy

[Hugh]

Originally Posted by mertle

Pension thing the most bizzare stupid idea's in my opinion has no thought about the kind job which being undertaken or could be undertaken.

Take teacher in school hardly going to be wanting to try deal with brats at 66 bad enough when they coming to the end of pensionable age now.

Equally physical job not going to be viable too.

Its also at time when jobs market shrinking due to cuts and mechanism in real world should infact retirement Age be reduced than extended. Only ones being that can teach a trade to the next generations be able to move beyond or due to skills shortage.

Most likely employers will dump them on the dole anyway so think its rather distasteful to deny those 2 years of pension.

Its lack forsight by this government hope next government consigns idiotic move to the bin.

Two things...

A) People are living longer because of healthier living and better healthcare - how would you suggest the increased length of pension payments are funded?

B) The previous government didn't win any prizes for foresight, did it?

[devilincarnate]

Originally Posted by Alan Fry

I will no do anything major to help the economy and the the public sector pay cap is really just proves the the government want to fight the public sector unions

Plus we are giving aid to other counteries when 20% of our fellow UK citizen are in poverty

This Country is going down the dogs and nether the Tories/Lib Dems or Labour has any policys to deal with the economy

OK George

[Alan Fry]

Originally Posted by devilincarnate

OK George

what i meant to say was

It will no do anything major to help the economy and the the public sector pay cap is really just proves the the government want to fight the public sector unions

Plus they are giving aid to other counteries when 20% of our fellow UK citizen are in poverty

This Country is going down the dogs and nether the Tories/Lib Dems or Labour has any policys to deal with the economy

[devilincarnate]

Originally Posted by Hugh

Two things...

A) People are living longer because of healthier living and better healthcare - how would you suggest the increased length of pension payments are funded?

I will not comment as it would cause public outrage.