Bombshell Update Shows How Badly Tories Messed Up As A £20Billion Black Hole Found ?

[gulliver1]

Rachel Reeves will tell MPs how bad things are after taking over the reigns from the Self serving, Con Crony, Trousering Tory Party. Saying she has uncovered a whopping great £20Bn black hole in the outgoing Tory accounts.She is going to address the commons on monday to tell all. So that people will know where their money has been going in the last fourteen years ,,,Get the popcorn out folks I can't wait.😎

[gulliver1]

The Chancellors audit is expected to find £20bn in commitments left unaccounted for by the outgoing previous TORY govt.Leaving Labour with the worst set of circumstances since WW2. 😎Wonder how much the Tory MPs managed to trouser on the way out.😎

[gulliver1]

After 14 years of stalling economic growth and with Public Services wafer thin, there is plenty of evidence to back up the new Labour Chancellor argument.

[gramps85]

Gulliver Doesn't it show the incompetence of the Chancellor that she was not able identify any shortfall before now.  We now know what to expect from this Chancellor, ignore the facts, raise taxes and blame somebody else.

I refer you to a post from newmodenarmy which you have chose to ignore.

On June 10, Paul Johnson, director of the independent Institute of Fiscal Studies, called out Reeves in advance.

 

He said: "We will be very rude if a new government comes in and says 'This is a terrible shock, we've opened the books and the Office for Budget Responsibility have told us something we never expected'."

Johnson added: "The books are open. Everyone knows exactly the problems a new government will inherit."

[naomi24]

//"The books are open. Everyone knows exactly the problems a new government will inherit."//

 

Everyone except Rachel Reeves.  Perhaps she didn't bother to look. 

[douglas9401]

Surely not. Everything in the garden was rosy under the previous administration with plans aplenty to improve the lot of every citizen.

Well, once their own had been taken care of anyway, the crumbs being redistributed to 'good causes' and high profile flavours of the month while the train wreck of an economy careered headlong for the cliff-edge.

[gramps85]

But Douglas whatever the state of the economy was in, surely the Chancellor had every chance to identify this 20 billion shortfall when she had the opportunity to inspect the books leading up to  the election. The fact she was unable to identify this supposed shortfall must call into account her ability to run the economy in a competent manner.

 

[douglas9401]

It's been identified, the real problem is that it existed in the first place.

More smoke and mirrors from the party of low taxes, scheming and jobs for the boys.

[gramps85]

I agree about the problem that the shortfall existed in the first place, but the real problem is Chancellors inability to identify this when inspecting the books prior to the election.  And again I refer you to the statement by Paul Johnson of the Independent Institute of Fiscal Studies, previously posted by newmodarmy.

 

[gulliver1]

Gramps 11.53 The Tories have had fourteen years of fiddling the books . Labour are only three weeks into unravelling the mess the Tories left the books in.😎 They will propably have to call in an enigma code expert to decipher them.😎

[Old_Geezer]

Every government blames the last. Especially those who promise the Earth knowing, and being explicitly told, the funds aren't there. (Well there would be little to spare after the farcical response this nation had to a pandemic, not to mention necessary support of a nation being invaded by a belligerent "superpower".)

[gramps85]

Gulliver. I give up trying to have a sensible discussion with you, for when even when you are presented with the facts from an Independent viewpoint, you choose to continue to wear rose tinted glasses.  Come back in a few months time when we can witness the damages this Government will inflict upon us.

[gulliver1]

Rachel Reeves. Would need the likes of "Alan Turing" To help her crack the code of all the handouts given to the Con Cronies.

[Sinead_O]

Don't be deceived- this is Labour looking for any excuse to hike taxes.  Mark my words.

[gulliver1]

Gramps 12.49 "Come back in a few months when when we can witness the damage this Government will inflict upon us" Gramps I can assure you it will take more than a few months to uncover and put right the damage the outgoing Tory Govt inflicted on you over  the past 14 years.😎

[Sinead_O]

Here comes the Labour tax raid.

 

[cashier]

We are still trying to sort out the damage created by the thirteen years of Blair and Brown. If they can't afford to give the payrises to nurses then they shouldn't. They will though because Lady Starmer works for the NHS. Inalso think all state employed  people should get the same rise not 5.5% for nurses, another 10% for doctors, 1% for policemen. They should all get the same.

[tommy39]

gulliver,you should change your name to ...gulibble. it is just an excuse to raise taxes,after stating that the would not...the first of many u turns

[Untitled]

the £20 billion shortfall is not new information. It was identified long before the election... labour ignored it because they did not wish to commit to tax rises before the election and the tories ignored it because it highlights their economic incompetence 

labour have behaved deceitfully with regards to the timing but they have not made the £20bn up. it is a fact. they ought to have acknowledged it before the election and told the electorate what they would do about it and chose not to. but it is still true and it is one example of the damage done by the conservatives.

[vulcan42]

comment @ 23:15 reported.