Autumn Budget statement

Bails · **Joined:** Tue Jun 08, 2010 10:16 am **Posts:** 957

Faisal Islam has just tweeted "Per capita real household disposable income in 2016 will be lower than 2006. This is incredible. Worst previous decade saw 14% growth #ifs"

I haven't looked for rthe source, but I guess it's the institute for fiscal studies.

Malcolm Armsteen · **Posted:** Wed Nov 30, 2011 4:48 pm

I think it is, I saw the same info from another source. Hashtag is #ifs

Gourami · **Joined:** Wed Jul 20, 2011 10:51 pm **Posts:** 2005

Bails wrote:

Faisal Islam has just tweeted "Per capita real household disposable income in 2016 will be lower than 2006. This is incredible.

I heard something similar on the radio but can't think which programme, something late on Radio 4 last night.

Tubby Isaacs · **Posted:** Thu Dec 01, 2011 12:39 am

Newsnight just had Lord Skidelsky, a former Tory peer, arguing a Keynsian case. He sounded like a far leftist by the standards of the current debate.

Claire Perry, a current Tory MP, did some "in the real world" rubbish in reply. She mention the costs of bonds and he rather pertinently said that it was nice to save money on interest, but was it quite worth all the money wasted by having so many people doing nothing?

Tubby Isaacs · **Posted:** Thu Dec 01, 2011 12:41 am

One of Perry's mates has written her wiki entry:

Quote:

As the first person in her family to go to university, and indeed the first to stay in education past the age of 16, Claire believes passionately that every child should receive the best possible education.

mattomac · **Posted:** Thu Dec 01, 2011 1:13 am

As I was one of the first generation to go University in my family (My Half Brother and Brother beat me in terms of family members) I also agree that everyone should have the best education. Sadly I believe my secondary education looking back failed me, being told I was dreaming when I said I want to go to university says it all about my teaching. Which Government was in charge for every year but one of it. Oh the Tories.

College and University were a different matter, infact both gave me chances that I hadn't had and I took them so to them I will always be thankful. Anyhow that's a bit off top.

Robert Skidelsky by the way is Keynes Biography and basically knows everything and anything about Keynes, he's constantly in the New Statesman and along with Blanchflower and Krugman have been pretty much spot on. About time they invited someone on who has predicted what we have correctly as opposed to the usual blind failed "experts" of the Adam Smith Institute or some other failed Tory Think Tank.

And how can you say "bonds" and the "real world"? It's not what the person on the street understands, they are lucky at the moment to be saving anything.

Abernathy · **Posted:** Thu Dec 01, 2011 1:25 am

But the Cameron/Osborne/Clegg/Alexander axis aren't about to take any notice of Robert Skidelsky, more's the pity. Why? Because as Paul Krugman puts it they "are so deeply identified with the austerity doctrine that they cannot change course without effectively destroying themselves politically"

http://krugman.blogs.nytimes.com/2011/11/30/bleeding-britain/

Gourami · **Joined:** Wed Jul 20, 2011 10:51 pm **Posts:** 2005

Abernathy wrote:

Because as Paul Krugman puts it they "are so deeply identified with the austerity doctrine that they cannot change course without effectively destroying themselves politically"

*insert 'you've made your bed' comment here*

smod · **Posted:** Thu Dec 01, 2011 2:58 am

Abernathy wrote:

But the Cameron/Osborne/Clegg/Alexander axis aren't about to take any notice of Robert Skidelsky, more's the pity. Why? Because as Paul Krugman puts it they "are so deeply identified with the austerity doctrine that they cannot change course without effectively destroying themselves politically"

http://krugman.blogs.nytimes.com/2011/11/30/bleeding-britain/

Very well put.

mattomac · **Posted:** Thu Dec 01, 2011 1:32 pm

http://www.guardian.co.uk/politics/real ... it-poverty

He gets better this guy :roll:

Abernathy · **Posted:** Fri Dec 02, 2011 1:17 am

NAIL. ON. THE. FUCKING. HEAD.

http://www.newyorker.com/online/blogs/johncassidy/2011/11/the-message-from-britain-a-failed-experiment-in-austerity-policies.html?mbid=social_mobile_FBshare&t=Rational+Irrationality%3A+Austerity+Britain%3A+An+Experiment+That+Failed+%3A+The+New+Yorker

Tubby Isaacs · **Posted:** Sat Dec 03, 2011 9:14 pm

Skidelsky lectured at Occupy London today, I think. He's a lord, isn't he?

Can we lean on the government and get him installed instead of Osborne?

Abernathy · **Posted:** Sat Dec 03, 2011 9:35 pm

Robert Skidelsky is 72 years old. He was a Tory for eight years or so in the 90s, but started out as a member of the Labour party and these days sits on the cross benches in the Lords.

He is widely acknowledged as a brilliant economist and is renowned for his expertise of the principles expounded by John Maynard Keynes, hence his trenchant and crystal clear opposition to what the Tory LibDem coalition is doing.

I rather think that David Cameron would chew his own cock off before he offered Skidelsky a post in government.

oboogie · **Posted:** Sat Dec 03, 2011 10:27 pm

Abernathy wrote:

NAIL. ON. THE. FUCKING. HEAD.

http://www.newyorker.com/online/blogs/johncassidy/2011/11/the-message-from-britain-a-failed-experiment-in-austerity-policies.html?mbid=social_mobile_FBshare&t=Rational+Irrationality%3A+Austerity+Britain%3A+An+Experiment+That+Failed+%3A+The+New+Yorker

That's an impressive analysis. Abernathy.

Big Rob · **Posted:** Sat Dec 03, 2011 11:06 pm

I can see Abernathy's point. Joblessness is the real issue at the heart of government debt.

Autumn Budget statement

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