Sunak is a creature of Goldman Sachs, probably the most ‘up or out’ organization in the world and noted for a rapacious focus on the short-term, invariably to the detriment of wider society. I suppose one could say that Eat Out To Help Out was a perfect example of this type of thinking. (Eat In To Stay Thin might have been more sensible).
The Stamp Duty holiday was equally insane. If you’re trying to suppress a virus why would you make it more likely that people will view properties and hire removals companies to transport stuff hither and thither?
I presume you are already a home owner? For those who want to take first steps towards owning their first home or trade up as maybe their family expands, SDLT relief is very valuable. So much so, in fact, that it should stay permanently ‘on holiday’ on purchases below £500k.
There is no evidence that food establishments in August caused Covid outbreaks. None at all. Not sure about returning holidaymakers from Spain etc. but the real uptick started as soon as Universities and Schools went back. This allowed parents to return to workplaces. It’s pretty simple to see if you look at the dates and numbers. It was also easy to see older teens and uni students NOT social distancing.
At least Sunak’s got some relevant experience of Finance in a pressurised environment – and it shows. I’d view that as a strength. On the other hand, Labour’s Anneliese Dodds has no financial, economic or business experience at all – and it shows. She studied PPE and then taught politics. Someone tell me what benefit that would be to a Chancellor, let alone in a crisis?
Fraser Bailey
3 years ago
I have no doubt that Mr Sunak will survive the budget. It remains to be seen whether or not the same can be said of thousands of small businesses and their employees.
The biggest take away truth of this covid fiasco is that WE ARE NOT ALL IN THIS TOGETHER. The wage for life animals, public sector espicably, are much more equal than the independent earning animals. Sit at home and get paid vs the sit at home and watch everything you worked to make in your life waste away.
The poor cash in hand guys, I really feel bad for them! Being in the trades a very great many folk I know work for cash, do not declare their income to the tax man, but get no handouts, just make their own living of their own sweat. In USA the Social Security pension is all based on contribution over your life, so they are not even gaming that. They work and they make their living and I admire them for it, free thinkers and independment people, and not a bought in member of the greaqt economic game of selling yourself to the boss man.
They work hard! They lost work, they get nothing!!!!!! The government paid the welfare recipients, the legally employed, but not the huge amount of free guys who do a great deal of the actual parts of making society function in building, cleaning, grass cutting, roofing, carpentry, home care, and on and on. In USA huge numbers of these people exist, a huge amount, as USA is 10 times more free and independent minded that Europe – and they got sc** wed.
This Ivroy Tower gravy train driver, he takes care of the ones who will not work, the ones who work for others, self employed to a small degree, but free people? NO.
‘The poor cash in hand guys, I really feel bad for them! Being in the trades a very great many folk I know work for cash, do not declare their income to the tax man, but get no handouts, just make their own living of their own sweat.’
With the greatest of respect that is utter cobblers.
Those who do not declare their incomes, partly or as a whole, are essentially indirectly forcing others to make up that tax shortfall not ‘just making their own living off their own sweat’.
To imagine that they are somehow ‘off radar, fiercely independent, diehard libertarian pioneers’ whilst they go about making their livings in safe, stable societies that require taxation in order to maintain and sustain themselves but that they apparently have no personal responsibility for, as you seem to believe, is a reckless, frankly dumb, assertion.
Who delivers them into this world, who buries them when they leave it, who educates them and their kids, who polices their streets, how do they get to work, who cares for them if they’re sick, the list goes on.
Last edited 3 years ago by G Harris
Michael Joseph
3 years ago
Will Rishi Sunak survive this Budget?The Chancellor’s ability to move fast and not break things may yet be his undoing Seeing that Peter Franklin wrote this piece, I would bet money on Rishi not only surviving this budget, but becoming a phenomenally successful Prime Minister.
Last edited 3 years ago by Michael Joseph
Gary Ransome
3 years ago
Wishy Washy Sunak will continue the furlough holiday season and it will soon morph into Universal credit
Peter Ian Staker
3 years ago
,
Last edited 3 years ago by Peter Ian Staker
Fraser Bailey
3 years ago
‘In the last 50 years, there have been 12 Chancellors of the Exchequer, plus the current incumbent.’
That’s not so many when you think that we’ve had 10 PMs in that time. Only three of them were any good, or had time to be any good. Namely, Howe, Lawson and Clark. And one could argue that even Lawson was responsible for a somewhat irresponsible boom.
Brown had us all by the shorts. I can still feel the pain. But it’s 13 in 51 years if you start with the deranged Barber in 1970. So, around four years per tenancy, especially as Sunak will almost certainly be there for a few more years.
John Chestwig
3 years ago
This article has some interesting ideas, though has some fundamentally flawed elements in the middle. It is highly contentious as to whether anything which occurred over the summer was ‘responsible’ for “the pandemic’s second wave”, given that covid-19 is a seasonal, high-transmissible virus that was already endemic throughout the country as we went into summer. It is also arguable that the UK was too complacent in summer in terms of unlocking, rather that unlocking should have been far faster and more widespread, to encourage spread of the (originally) less transmissible variant to occur more rapidly amongst low-risk groups who were at their peak of summer health, and whilst the hospitals are typically empty of people suffering from other winter-related diseases.
What should be a main criticism of Sunak, is that he has overseen the biggest collapse in UK finances for 300 years and he should be held accountable on the basis of collective responsibility amongst the cabinet. Decades of paying off debt and relative underspending must inevitably follow, as a result of decisions taken during his stewardship of the Treasury.
He also has to take responsibility for staying in a cabinet which has overseen the biggest removal of personal liberties for centuries, with a disgraceful disregard for the role of parliament and fanatical desire to both terrify the public and treat them as infants.
He may not get much blame in future for the above, but some of our grandkids will still be feeling significant pain from the egregious economic and societal developments for which he is heavily responsible.
Well said John. This writer using his tarot cards to discover the eat out caused the next wave should not count as fact, or even good theory.
I think Sunak is merely one of the biggest of the army of rats eating away at the hull of the ship of state. Tell us of Sunak’s cost/benefit studies of lock down. He comissioned none, he took it on faith like a person being told by a medium that the ‘other side’ wants him to spend money on shakey causes.
Fallow the science? What Science? It was pure emotional blackmail, MSM gas-lighting, and billionaires getting more billions as the economy, freedom, education, sanity, jobs, personal finance, future pensions, were killed off.
Yes, he should answer for this disaster, every one of them should.
Francis Arabin
3 years ago
Poorly researched article. James Callaghan was chancellor and prime minister.
But Callaghan was Chancellor before the time period referred to by the writer i.e. he was Chancellor circa 1968-70, following on from the somewhat alcoholic Brown (was is George Brown?).
david bewick
3 years ago
Instead of kicking the virus when it was down, we moved too soon to unlock the country and its borders Really? There’s a very good argument that we should’ve been open a lot sooner and right through the summer months when people recharge their immune systems and acquire defences against viruses and other pathogens. It’s worth remembering that peak deaths was on 8th April, the peak infection was before the first lockdown and we weren’t opened until 4th July. All the evidence suggests the govt and their advisers tried to kick it when it was down and failed…..miserably.
Greg C.
3 years ago
Rishi Sunak is merely following the herd of Finance Ministers around the globe : he embraced MMT. The primary objective is, by a combination of arcane language, funny money and fishy statistics, to maintain, in so far as one can, full employment, not balance the books. Balancing the books only mattered when we had Bond Vigilantes.
Sunak is a creature of Goldman Sachs, probably the most ‘up or out’ organization in the world and noted for a rapacious focus on the short-term, invariably to the detriment of wider society. I suppose one could say that Eat Out To Help Out was a perfect example of this type of thinking. (Eat In To Stay Thin might have been more sensible).
Eat out to help out was bunce for the haves and rather than supporting the housing market the Stamp Duty holiday boosted it which was not needed.
The Stamp Duty holiday was equally insane. If you’re trying to suppress a virus why would you make it more likely that people will view properties and hire removals companies to transport stuff hither and thither?
That’s because crowds don’t view propoerties and it’s easy peasy for agents and removals people to work Covid securely.
I presume you are already a home owner? For those who want to take first steps towards owning their first home or trade up as maybe their family expands, SDLT relief is very valuable. So much so, in fact, that it should stay permanently ‘on holiday’ on purchases below £500k.
There is no evidence that food establishments in August caused Covid outbreaks. None at all. Not sure about returning holidaymakers from Spain etc. but the real uptick started as soon as Universities and Schools went back. This allowed parents to return to workplaces. It’s pretty simple to see if you look at the dates and numbers. It was also easy to see older teens and uni students NOT social distancing.
At least Sunak’s got some relevant experience of Finance in a pressurised environment – and it shows. I’d view that as a strength. On the other hand, Labour’s Anneliese Dodds has no financial, economic or business experience at all – and it shows. She studied PPE and then taught politics. Someone tell me what benefit that would be to a Chancellor, let alone in a crisis?
I have no doubt that Mr Sunak will survive the budget. It remains to be seen whether or not the same can be said of thousands of small businesses and their employees.
The biggest take away truth of this covid fiasco is that WE ARE NOT ALL IN THIS TOGETHER. The wage for life animals, public sector espicably, are much more equal than the independent earning animals. Sit at home and get paid vs the sit at home and watch everything you worked to make in your life waste away.
The poor cash in hand guys, I really feel bad for them! Being in the trades a very great many folk I know work for cash, do not declare their income to the tax man, but get no handouts, just make their own living of their own sweat. In USA the Social Security pension is all based on contribution over your life, so they are not even gaming that. They work and they make their living and I admire them for it, free thinkers and independment people, and not a bought in member of the greaqt economic game of selling yourself to the boss man.
They work hard! They lost work, they get nothing!!!!!! The government paid the welfare recipients, the legally employed, but not the huge amount of free guys who do a great deal of the actual parts of making society function in building, cleaning, grass cutting, roofing, carpentry, home care, and on and on. In USA huge numbers of these people exist, a huge amount, as USA is 10 times more free and independent minded that Europe – and they got sc** wed.
This Ivroy Tower gravy train driver, he takes care of the ones who will not work, the ones who work for others, self employed to a small degree, but free people? NO.
Yes, all true. The free thinking and productive are being persecuted by the UK and US governments. But I’m afraid that will always be the case.
‘The poor cash in hand guys, I really feel bad for them! Being in the trades a very great many folk I know work for cash, do not declare their income to the tax man, but get no handouts, just make their own living of their own sweat.’
With the greatest of respect that is utter cobblers.
Those who do not declare their incomes, partly or as a whole, are essentially indirectly forcing others to make up that tax shortfall not ‘just making their own living off their own sweat’.
To imagine that they are somehow ‘off radar, fiercely independent, diehard libertarian pioneers’ whilst they go about making their livings in safe, stable societies that require taxation in order to maintain and sustain themselves but that they apparently have no personal responsibility for, as you seem to believe, is a reckless, frankly dumb, assertion.
Who delivers them into this world, who buries them when they leave it, who educates them and their kids, who polices their streets, how do they get to work, who cares for them if they’re sick, the list goes on.
Will Rishi Sunak survive this Budget?The Chancellor’s ability to move fast and not break things may yet be his undoing
Seeing that Peter Franklin wrote this piece, I would bet money on Rishi not only surviving this budget, but becoming a phenomenally successful Prime Minister.
Wishy Washy Sunak will continue the furlough holiday season and it will soon morph into Universal credit
,
‘In the last 50 years, there have been 12 Chancellors of the Exchequer, plus the current incumbent.’
That’s not so many when you think that we’ve had 10 PMs in that time. Only three of them were any good, or had time to be any good. Namely, Howe, Lawson and Clark. And one could argue that even Lawson was responsible for a somewhat irresponsible boom.
15 in 51 years! Typically a 3 year tenancy. Only Brown exceeded 6; and that’s because he had the PM by the shorts.
Brown had us all by the shorts. I can still feel the pain. But it’s 13 in 51 years if you start with the deranged Barber in 1970. So, around four years per tenancy, especially as Sunak will almost certainly be there for a few more years.
This article has some interesting ideas, though has some fundamentally flawed elements in the middle. It is highly contentious as to whether anything which occurred over the summer was ‘responsible’ for “the pandemic’s second wave”, given that covid-19 is a seasonal, high-transmissible virus that was already endemic throughout the country as we went into summer. It is also arguable that the UK was too complacent in summer in terms of unlocking, rather that unlocking should have been far faster and more widespread, to encourage spread of the (originally) less transmissible variant to occur more rapidly amongst low-risk groups who were at their peak of summer health, and whilst the hospitals are typically empty of people suffering from other winter-related diseases.
What should be a main criticism of Sunak, is that he has overseen the biggest collapse in UK finances for 300 years and he should be held accountable on the basis of collective responsibility amongst the cabinet. Decades of paying off debt and relative underspending must inevitably follow, as a result of decisions taken during his stewardship of the Treasury.
He also has to take responsibility for staying in a cabinet which has overseen the biggest removal of personal liberties for centuries, with a disgraceful disregard for the role of parliament and fanatical desire to both terrify the public and treat them as infants.
He may not get much blame in future for the above, but some of our grandkids will still be feeling significant pain from the egregious economic and societal developments for which he is heavily responsible.
Well said John. This writer using his tarot cards to discover the eat out caused the next wave should not count as fact, or even good theory.
I think Sunak is merely one of the biggest of the army of rats eating away at the hull of the ship of state. Tell us of Sunak’s cost/benefit studies of lock down. He comissioned none, he took it on faith like a person being told by a medium that the ‘other side’ wants him to spend money on shakey causes.
Fallow the science? What Science? It was pure emotional blackmail, MSM gas-lighting, and billionaires getting more billions as the economy, freedom, education, sanity, jobs, personal finance, future pensions, were killed off.
Yes, he should answer for this disaster, every one of them should.
Poorly researched article. James Callaghan was chancellor and prime minister.
But Callaghan was Chancellor before the time period referred to by the writer i.e. he was Chancellor circa 1968-70, following on from the somewhat alcoholic Brown (was is George Brown?).
Instead of kicking the virus when it was down, we moved too soon to unlock the country and its borders
Really? There’s a very good argument that we should’ve been open a lot sooner and right through the summer months when people recharge their immune systems and acquire defences against viruses and other pathogens. It’s worth remembering that peak deaths was on 8th April, the peak infection was before the first lockdown and we weren’t opened until 4th July.
All the evidence suggests the govt and their advisers tried to kick it when it was down and failed…..miserably.
Rishi Sunak is merely following the herd of Finance Ministers around the globe : he embraced MMT. The primary objective is, by a combination of arcane language, funny money and fishy statistics, to maintain, in so far as one can, full employment, not balance the books. Balancing the books only mattered when we had Bond Vigilantes.
Time for a UBI; if you agree, please sign my petition: Support Avtar Singh’s petition – Petitions (parliament.uk)