David Algonquin
@surplustakes
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Amazing really that they fit this around their other duties
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Just stupid to hear Mel Stride Defending The Tory Record and saying Reeves has Crashed The Economy Everyone knows things have been terrible for years and years, normie Punch & Judy Her Majesty's Opposition politics is not going to work - you need to offer genuine renewal
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The extra tax revenue is going towards: a) more welfare spending b) cost-of-living interventions c) much higher headroom Totally legitimate political choices - but they are CHOICES
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The bodge-it budget "With the deficit still gaping at 4.5% of GDP, Ms Reeves succumbed to her own worst instincts and those of her backbenchers by increasing borrowing, relative to her previous plans, for four years" My leader and our cover story https://t.co/iE5Coigewk
economist.com
Without ambitious reform, the country will not thrive
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We have a lot of experience with Afghan migrants in Germany. They are by pretty much every measure the most violent and troublesome migrant ethnicity there is. (We're still flying them in by the planeload because we're retarded, btw.)
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If you think this was a fiscal tightening, you haven't been paying attention
Lord make me solvent but not yet: the IFS points out that, despite the OBR's forecast changes being more modest than feared, Reeves has taken advantage of the (deliberate) looseness of the fiscal rules to borrow an additional £57bn over the rest of the Parliament.
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Worst thing in the Budget is the reduction in capital allowances. A rather lefty tax policy wonk just said to me it's "straightforwardly anti-growth". I agree.
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@surplustakes Dunedin in New Zealand tracked the life outcomes of an entire birth cohort. 20% of that age group counted for circa 80% of crimes, 80% of fatherless kids, 70% of welfare claims, 60% of hospital visits and 50% of all insurance claims. The leviathan state created to deal with the
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Of families benefitting from today's abolition of the 2-child benefit cap, 60% (!) already receive health or disability benefits
The Chancellor has scrapped the two-child limit, benefitting more than half a million families. In April 2025, out of families impacted by the limit: - 6 in 10 had 3 children. - 6 in 10 had at least one person in work. - And 6 in 10 are receiving a health or disability benefit.
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Lord make me solvent but not yet: the IFS points out that, despite the OBR's forecast changes being more modest than feared, Reeves has taken advantage of the (deliberate) looseness of the fiscal rules to borrow an additional £57bn over the rest of the Parliament.
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I always thought this was just a bit of antediluvian fun, but I watched a bit of his 1996 Budget speech the other day and he was audibly slightly drunk throughout
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Despite everything, if Britain had: - a welfare system that did not incentivise exiting the workforce - a balanced current budget - a sane & functioning permitting regime - an unapologetically 100% selective immigration system ...it would do very well. Throw in intelligent
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I've explained this ~20 times since 2021. In 2020 in the secret review of the MoD -- conducted in No10 with officials & without the involvement of the SoS because he was seen as a security risk to the process -- the MoD ADMITTED that AJAX was a 'total shitshow and dangerous to
I don't understand how everything the British Army touches turns to shit. There were literal universities called in to measure noise and vibration on this thing. Have they lied? Has their true assessment been hidden? What?
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Big day for housebuilding. Expanding the Landfill Tax to rubble will add £20,000 to the cost of a new build home (and millions to the cost of infrastructure projects.) The Chancellor hasn’t ruled it out yet. If it goes ahead, it will be a disaster. https://t.co/6RS4hc57NI
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"They have taken the bridge and the second hall..."
Westminster Voting Intention [London]: LAB: 32% (=) RFM: 23% (+8) CON: 20% (-1) LDM: 11% (-2) GRN: 10% (-3) Via @Savanta_UK, 30 Oct - 7 Nov. Changes w/ 29 Apr - 21 May.
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