Good Morrrrrrrning Economic Plan!

[Hypognosis]

Since nobody was able to answer my previous question, we all had to wait for the 'product launch', which was today and all this week, apparently. Anyway, here it is.

https://www.conservatives.com/plan.aspx

The bullet points are just a repeat of the rhetoric of recent months. I'll read the detail pages if the thread generates any interest. (Which is more than my bank can manage, at the moment. (boom! boom!)

Of great curiosity to me is that they mention tax cuts (for businesses) *and* creation of jobs. They mean -private sector jobs-, of course. What part of trousering a tax cut do they not inderstand?

Or do they mean job creation in the yacht industry?

[Gromit]

1. REDUCING THE DEFICIT so we deal with our debts, safeguard our economy for the long term and keep mortgage rates low.

The Conservatives promised us the deficit would be gone in 5 years. At the same time the deficit has not reduced as much as expected, the Government have doubled our National Debt, adding £750,000billion in 5 years. Reducing the deficit is a good idea, but Osborne has failed this term.

[Gromit]

2. CUTTING INCOME TAX AND FREEZING FUEL DUTY to help hardworking people be more financially secure.

Cutting the deficit is not best achieved by cutting the Chancellor's income by reducing tax. It just means spending has to be slashed even further. Freezing fuel duty is an easy one to deliver as world oil and gas prices have plummeted.

[Gromit]

3. CREATING MORE JOBS by backing small business and enterprise with better infrastructure and lower jobs taxes.

I have no idea what the 'jobs tax' is? Its sounds like a good idea to reduce it or scrap it. One wonders why the Coaition have been taxing jobs in the first place.
They promised to end red tape last time, so the fact they are promising it again shows they failed on that pledge. Investment in infrastructure is welcomed,

[Gromit]

4. CAPPING WELFARE AND WORKING TO CONTROL IMMIGRATION so our economy delivers for people who want to work hard and play by the rules.

Two of the Coaltion's big failures. It is difficult to cut welfare further as the majority of it is the Old Age Pension. And their promises on immigration have to be seen in the context that they have added 1 million new immigrants to the population since 2010. File this pledge under pie in the sky.

[Svejk]

You've slightly exaggerated our debt, gromit. By x1,000. ;-)

[Svejk]

Apologies if you factored in 5 years of Labour gov. ;o)

[Gromit]

5. DELIVERING THE BEST SCHOOLS AND SKILLS FOR YOUNG PEOPLE so the next generation can succeed in the global race.

There are 750,000 young people unemployed. Many of those in employment are earning the princely sum of £2.72 an hour apprenticeship rate. Either they have not been delivering the best schools, or the promise of future success is baloney.

[jno]

it'll soon be there

http://www.nationaldebtclock.co.uk/

[Svejk]

Apart from that, I do agree with you, they're fecking useless.

[Gromit]

Svejk,
No I haven't. It is currently nearly £1.5trillion. Double what is was in 2010.

If you have other figures, please post them

[jno]

it was £750 billion when Osborne got to work rather than £750 trillion

[Svejk]

that's right 750billion. You've put 750trillion.

[mikey4444]

"Vote Tory and have an even bigger national debt !"

Doesn't sound like a very good vote winner for the Tories to me !

[Gromit]

Svejk,

I wrote // the Government have doubled our National Debt, adding £750,000billion in 5 years. //

Might help you if I write it out in figures.

£750,000,000,000 when Osborne became Chancellor.
£1,500,000,000,000 our Bational Debt now.

[mikey4444]

Gromit...you are in danger here of confusing people, with facts !

[Svejk]

What is it with you Lefty's. When you make a mistake, don't keep digging, it makes you look foolish. I didn't make a big deal of your mistake, I even gave you a smiley face. A simple 'oops' would have finished it, but you'd rather draw attention to your ridiculous mistake. Well done.

[Svejk]

Another genius chips in. hah.

[Svejk]

Perhaps if you go study for another hour you'll get it.

[jim360]

Gromit... you put 750,000 billion. That's 750 trillion in modern terms. It's just a simple typo, but a typo all the same.

[New Judge]

Quite so. £750,000,000,000 (which is the correct figure) is £750 thousand million or £750 billion (using the now generally accepted definition of a billion being a thousand million).

Of course had we enjoyed five years of Labour "managing" the economy it would have reduced to zero, I'm sure !!!