'The country is going to be poorer' because of Brexit - Osborne

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'The country is going to be poorer' because of Brexit - Osborne

Post by sassy on Tue Jun 28, 2016 1:40 pm

“It’s very clear that the country is going to be poorer as a result of what’s happening to the economy,” Chancellor George Osborne told BBC Radio Tuesday.



BBC Radio 4 Today Verified account @BBCr4today
"The country is going to be poorer" because of #Brexit vote, says George Osborne. Live: http://bbc.in/28ZKCfV 



Ensuring the UK’s fiscal stability is crucial in the wake of the referendum decision to leave the EU, said Osborne, adding that post-Brexit measures would “absolutely” include cuts in public spending and tax hikes.
"We are in a prolonged period of economic adjustment in the UK, we are adjusting to life outside the EU and it will not be as economically rosy as life inside the EU," he told BBC Radio. "I think we can provide a clear plan."

"We are absolutely going to have to provide fiscal security to people, we are going to have to show the country and the world that the government can live within its means," Osborne also said.
Asked if that meant tax rises and spending cuts, he said: "Yes, absolutely."
Osborne added: “That decision will come under a new prime minister.”
He said he warned of the risks associated with leaving the EU, but said he respects the decision of the electorate.
“I don’t think you can take the attitude: ‘The people have made a mistake, you need to elect a new people.’”
Just a week before the historic referendum, the minister had warned voters he would adopt new austerity measures if Britain decided to leave the EU.

Osborne stressed that his main aim was to restore stability to public finances, adding in order to do this an emergency budget including tax increases and spending cuts would have to be implemented.
“Quitting the EU would hit investment, hurt families and harm the British economy,” he said.
The fiscal measures will save the country £30 billion, according to Osborne.

He said the basic rate of income tax rate will rise 2 percentage points to 22 percent and the higher rate will climb by 3 points to 43 percent.
The ministry also plans to raise the inheritance, tax as well as duties on alcohol and petrol.
The minister’s remarks come as the decision to leave the EU has seen markets tumble and sterling plunge to its lowest levels in decades.


https://www.rt.com/uk/348653-osborne-brexit-taxes-spending/






Obvious that was going to happen.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by HoratioTarr on Tue Jun 28, 2016 1:53 pm

Perhaps all of us need to step back and stop focusing on money. We live in a society of vanity, greed, materialism and selfishness exacerbated by a whole generation that believes in self entitlement and little else. Perhaps a bit of financial hardship, like that suffered after two world wars were fought to keep this country free, might shake the lot of us up and realise that other things actually do matter.
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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by eddie on Tue Jun 28, 2016 1:54 pm

You've spent months deriding and disagreeing with everything he's said, and now you believe the Coke-snorting moron when he says something you agree with?
Sassy. Tut tut No

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by The Devil, You Know on Tue Jun 28, 2016 1:59 pm

sassy wrote:“It’s very clear that the country is going to be poorer as a result of what’s happening to the economy,” Chancellor George Osborne told BBC Radio Tuesday.



BBC Radio 4 Today Verified account @BBCr4today
"The country is going to be poorer" because of #Brexit vote, says George Osborne. Live: http://bbc.in/28ZKCfV 



Ensuring the UK’s fiscal stability is crucial in the wake of the referendum decision to leave the EU, said Osborne, adding that post-Brexit measures would “absolutely” include cuts in public spending and tax hikes.
"We are in a prolonged period of economic adjustment in the UK, we are adjusting to life outside the EU and it will not be as economically rosy as life inside the EU," he told BBC Radio. "I think we can provide a clear plan."

"We are absolutely going to have to provide fiscal security to people, we are going to have to show the country and the world that the government can live within its means," Osborne also said.
Asked if that meant tax rises and spending cuts, he said: "Yes, absolutely."
Osborne added: “That decision will come under a new prime minister.”
He said he warned of the risks associated with leaving the EU, but said he respects the decision of the electorate.
“I don’t think you can take the attitude: ‘The people have made a mistake, you need to elect a new people.’”
Just a week before the historic referendum, the minister had warned voters he would adopt new austerity measures if Britain decided to leave the EU.

Osborne stressed that his main aim was to restore stability to public finances, adding in order to do this an emergency budget including tax increases and spending cuts would have to be implemented.
“Quitting the EU would hit investment, hurt families and harm the British economy,” he said.
The fiscal measures will save the country £30 billion, according to Osborne.

He said the basic rate of income tax rate will rise 2 percentage points to 22 percent and the higher rate will climb by 3 points to 43 percent.
The ministry also plans to raise the inheritance, tax as well as duties on alcohol and petrol.
The minister’s remarks come as the decision to leave the EU has seen markets tumble and sterling plunge to its lowest levels in decades.


https://www.rt.com/uk/348653-osborne-brexit-taxes-spending/






Obvious that was going to happen.
so after 6 years of telling all who will listen that osbourn is wrong about everything you suddenly agree with every word he utters?
you are a card.


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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by The Devil, You Know on Tue Jun 28, 2016 1:59 pm

I think the message here is

short term pain, long term gain

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by sassy on Tue Jun 28, 2016 2:07 pm

eddie wrote:You've spent months deriding and disagreeing with everything he's said, and now you believe the Coke-snorting moron when he says something you agree with?
Sassy. Tut tut No

Agee with? Of course I don't agree with what he does, unfortunately though he will be the one doing it, and when tax hoes up and nhs gets even less money, we'll be the ones paying.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by eddie on Tue Jun 28, 2016 2:10 pm

Funnily enough, Dean literally said the same thing to you lol!

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by sassy on Tue Jun 28, 2016 2:16 pm

Yep, funnily enough, don't thi.k either of you want to acknowledge the financial implications of this. Mind you, why should dean care lol

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Guest on Tue Jun 28, 2016 2:18 pm

"We are in a prolonged period of economic adjustment in the UK, we are adjusting to life outside the EU and it will not be as economically rosy as life inside the EU," he told BBC Radio. "I think we can provide a clear plan."

"We are absolutely going to have to provide fiscal security to people, we are going to have to show the country and the world that the government can live within its means," Osborne also said.
Aaaaaand I'm finding this quite amusing;
The number of whiners {just on here} that have B & M regarding their own British Government for telling 'YOU' what to do are now going to be expected to - suck it up - tighten your belts - work together - show the world how well you can manage with LESS! 
OMG ...the volume and gnashing of teeth for living without is going to grow in proportion to the simplistic thought processed by the lower IQ'd. 
But then again - getting served up what you asked for is ...well rather justification - you wanted 'OUT' and 'OUT' is what you got!  Razz

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by eddie on Tue Jun 28, 2016 2:18 pm

Sassy, despite what people think, I predict that two years from now we will be just fine.

Two years - may be bumpy - but we will be fine.
The media are simply stirring up panic and hate.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by sassy on Tue Jun 28, 2016 2:20 pm

And I predict it will be a fucking disaster, but hey ho, got to go bbl

Ps, think we have had quite enough bloody bumpy without doing it on purpose

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Raggamuffin on Tue Jun 28, 2016 3:08 pm

HoratioTarr wrote:Perhaps all of us need to step back and stop focusing on money.   We live in a society of vanity, greed, materialism and selfishness exacerbated by a whole generation that believes in self entitlement and little else.   Perhaps a bit of financial hardship, like that suffered after two world wars were fought to keep this country free, might shake the lot of us up and realise that other things actually do matter.  

I totally agree, and it's amazing how the lefties are suddenly concerned with nothing but money. I said before the referendum that this country needs a shake up.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Lord Foul on Tue Jun 28, 2016 3:20 pm

the right remainders (you know...the greasy leftover last nights supper) and spitting because they might lose a fat cheque here and there

the lefties are , in the main spitting because their dream of a socialist state of europe, with its power base in brussels, and an infinite amount of fat cat jobs for the boys (and "correctly voting" saps) has just been pulled from under them....

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by HoratioTarr on Tue Jun 28, 2016 3:38 pm

Raggamuffin wrote:
HoratioTarr wrote:Perhaps all of us need to step back and stop focusing on money.   We live in a society of vanity, greed, materialism and selfishness exacerbated by a whole generation that believes in self entitlement and little else.   Perhaps a bit of financial hardship, like that suffered after two world wars were fought to keep this country free, might shake the lot of us up and realise that other things actually do matter.  

I totally agree, and it's amazing how the lefties are suddenly concerned with nothing but money. I said before the referendum that this country needs a shake up.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Raggamuffin on Tue Jun 28, 2016 3:41 pm

Exactly Horatio!

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Ben Reilly on Tue Jun 28, 2016 3:43 pm

WTF?! 20-somethings won't be growing up in the fifties, you know...

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Raggamuffin on Tue Jun 28, 2016 3:51 pm

Ben Reilly wrote:WTF?!  20-somethings won't be growing up in the fifties, you know...

If it hadn't been for a lot of old people, young people wouldn't have had much of a future here - unless they enjoy wearing jackboots of course.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by HoratioTarr on Tue Jun 28, 2016 4:11 pm

Ben Reilly wrote:WTF?!  20-somethings won't be growing up in the fifties, you know...

It has a bearing. The older people in our country can still remember that war, and what it cost us, and the rest of Europe. Those who died so we might have a better future. The British, particularly the older generation, are fiercely patriotic. So that perhaps explains why so many voted out. At the least the older ones. There are still many Brits who lost family in that war.

As for living in the Fifties...we may not have had 50 inch TV's, Broadband and McDonalds, but we were all a lot thinner and healthier. All we can hope for now, is the best. There's been enough negativity around this whole thing, and what it needs is less finger pointing and accusations, less tolerance of aggressive hate mongers, less trotter stamping by our self serving politicians and more positive thinking and deeds.
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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Ben Reilly on Tue Jun 28, 2016 4:17 pm

Raggamuffin wrote:
Ben Reilly wrote:WTF?!  20-somethings won't be growing up in the fifties, you know...

If it hadn't been for a lot of old people, young people wouldn't have had much of a future here - unless they enjoy wearing jackboots of course.

Which seems to be more of the older people's thing these days Smile

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by HoratioTarr on Tue Jun 28, 2016 4:25 pm

Ben Reilly wrote:
Raggamuffin wrote:

If it hadn't been for a lot of old people, young people wouldn't have had much of a future here - unless they enjoy wearing jackboots of course.

Which seems to be more of the older people's thing these days Smile

Everybody will be old one day.
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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by The Devil, You Know on Tue Jun 28, 2016 4:47 pm

sassy wrote:
eddie wrote:You've spent months deriding and disagreeing with everything he's said, and now you believe the Coke-snorting moron when he says something you agree with?
Sassy. Tut tut No

Agee with? Of course I don't agree with what he does, unfortunately though he will be the one doing it, and when tax hoes up and nhs gets even less money, we'll be the ones paying.
glad you agree that the country isnt going to poorer in the long run then

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Ben Reilly on Tue Jun 28, 2016 4:49 pm

HoratioTarr wrote:
Ben Reilly wrote:
Raggamuffin wrote:

If it hadn't been for a lot of old people, young people wouldn't have had much of a future here - unless they enjoy wearing jackboots of course.

Which seems to be more of the older people's thing these days Smile

Everybody will be old one day.  

I actually disagree. I think some people never truly get old, while others can't seem to wait to get old.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by The Devil, You Know on Tue Jun 28, 2016 4:49 pm

sassy wrote:Yep, funnily enough, don't thi.k either of you want to acknowledge the financial implications of this. Mind you, why should dean care lol
come back in 5 or 10 years and we will then know the financial implications. I am amazed that you are so worried about the markets and the banks all of a sudden having spent the last 6 years calling them the spawn of tee devil and wishing for their destruction.
you are a very confused old lady it would seem.

NURSE, NURSE sandy is out of bed again

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by The Devil, You Know on Tue Jun 28, 2016 4:51 pm

sassy wrote:And I predict it will be a fucking disaster, but hey ho, got to go bbl

Ps, think we have had quite enough bloody bumpy without doing it on purpose
well it will,m be if people like you and your party ever gettheir hands on power. Thankfully brave tories like me will continue to vote repeatedly for keeping #jihadijez as leader.,

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Ben Reilly on Tue Jun 28, 2016 4:51 pm

The Devil, You Know wrote:
sassy wrote:Yep, funnily enough, don't thi.k either of you want to acknowledge the financial implications of this. Mind you, why should dean care lol
come back in 5 or 10 years and we will then know the financial implications. I am amazed that you are so worried about the markets and the banks all of a sudden having spent the last 6 years calling them the spawn of tee devil and wishing for their destruction.
you are a very confused old lady it would seem.

NURSE, NURSE sandy is out of bed again

Okay, I'm going to have to jump in on this.

The big banks are corrupt and need major reforms.

That doesn't mean we on the left want to see them fail and people's life savings wiped out.

Christ on a donkey, is that really difficult to understand?

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by The Devil, You Know on Tue Jun 28, 2016 4:52 pm

HoratioTarr wrote:
Raggamuffin wrote:

I totally agree, and it's amazing how the lefties are suddenly concerned with nothing but money. I said before the referendum that this country needs a shake up.

that just about sums it up in two pictures.

I doubt few of those brave lads crawled up the normandy beaches thinking we are doing this so in 70 years Germany can be telling us what to do.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Raggamuffin on Tue Jun 28, 2016 4:56 pm

Ben Reilly wrote:
Raggamuffin wrote:

If it hadn't been for a lot of old people, young people wouldn't have had much of a future here - unless they enjoy wearing jackboots of course.

Which seems to be more of the older people's thing these days Smile

It would have been your "young" generation doing it if the nazis had had their way, and don't you forget it.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by The Devil, You Know on Tue Jun 28, 2016 4:57 pm

Ben Reilly wrote:
The Devil, You Know wrote:
come back in 5 or 10 years and we will then know the financial implications. I am amazed that you are so worried about the markets and the banks all of a sudden having spent the last 6 years calling them the spawn of tee devil and wishing for their destruction.
you are a very confused old lady it would seem.

NURSE, NURSE sandy is out of bed again

Okay, I'm going to have to jump in on this.

The big banks are corrupt and need major reforms.

That doesn't mean we on the left want to see them fail and people's life savings wiped out.

Christ on a donkey, is that really difficult to understand?
banks are somewhat different in britain and peoples money up to a certain limit is protected.
Banks should be open to market forces like every other business.

some banks needed bailouts when it would have been better to let them fail, other didn't. weak banks will be bought up by the strong ones.

lending money to people who have no way of paying it back it not the fault of the people borrowing it.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Ben Reilly on Tue Jun 28, 2016 4:59 pm

The Devil, You Know wrote:
Ben Reilly wrote:
The Devil, You Know wrote:
come back in 5 or 10 years and we will then know the financial implications. I am amazed that you are so worried about the markets and the banks all of a sudden having spent the last 6 years calling them the spawn of tee devil and wishing for their destruction.
you are a very confused old lady it would seem.

NURSE, NURSE sandy is out of bed again

Okay, I'm going to have to jump in on this.

The big banks are corrupt and need major reforms.

That doesn't mean we on the left want to see them fail and people's life savings wiped out.

Christ on a donkey, is that really difficult to understand?
banks are somewhat different in britain and peoples money up to a certain limit is protected.
Banks should be open to market forces like every other business.

some banks needed bailouts when it would have been better to let them fail, other didn't. weak banks will be bought up by the strong ones.

lending money to people who have no way of paying it back it not the fault of the people borrowing it.

The banks are not so different over here. The real problem is with personal banks acting like investment banks.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Tommy Monk on Tue Jun 28, 2016 5:11 pm

Canada and Australia prime ministers have said they are in a race to see who cans do a deal with uk outside the eu first!!!


So much for our demise eh doom mongers...!?


lol!

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by HoratioTarr on Tue Jun 28, 2016 5:27 pm

I had to laugh....

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by The Devil, You Know on Tue Jun 28, 2016 6:43 pm

ftse is up 2.3% today

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by eddie on Tue Jun 28, 2016 6:51 pm

Ben Reilly wrote:
HoratioTarr wrote:
Ben Reilly wrote:
Raggamuffin wrote:

If it hadn't been for a lot of old people, young people wouldn't have had much of a future here - unless they enjoy wearing jackboots of course.

Which seems to be more of the older people's thing these days Smile

Everybody will be old one day.  

I actually disagree. I think some people never truly get old, while others can't seem to wait to get old.

I'm never getting old.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Lord Foul on Tue Jun 28, 2016 7:20 pm

The Devil, You Know wrote:ftse is up 2.3% today

and about at the average it has been trading over the past year......

and the 250 is up on the year beginning and at the average for the past 12 months....

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by nicko on Tue Jun 28, 2016 9:00 pm

I'm. never getting old either, I might be 75 in years but i'm still 21 in mind
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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Syl on Tue Jun 28, 2016 9:04 pm

HoratioTarr wrote:
Raggamuffin wrote:

I totally agree, and it's amazing how the lefties are suddenly concerned with nothing but money. I said before the referendum that this country needs a shake up.


Wow...I love that. Laughing

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by The Devil, You Know on Wed Jun 29, 2016 12:37 am

Lord Foul wrote:
The Devil, You Know wrote:ftse is up 2.3% today

and about at the average it has been trading over the past year......

and the 250 is up on the year beginning and at the average for the past 12 months....
higher than 2 weeks ago. the £ has had a steadier day today.

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Irn Bru on Wed Jun 29, 2016 12:42 am

You guy's can dress it up any way you want but it's the long term effects that will show this up for what it is.

Now the Falkland Islanders are worried because 70% of their exports are to the EU. So what's your message to them because they are seriously worried?

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Lord Foul on Wed Jun 29, 2016 12:55 am

Dont worry falklands.....

the argentinians will look after you just fine....probably the week after a labour govt gets let in Rolling Eyes which will likely be a long time in the future

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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Tommy Monk on Wed Jun 29, 2016 1:11 am

Irn Bru wrote:You guy's can dress it up any way you want but it's the long term effects that will show this up for what it is.

Now the Falkland Islanders are worried because 70% of their exports are to the EU. So what's your message to them because they are seriously worried?


And you have proof and details of this claim...?



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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by veya_victaous on Wed Jun 29, 2016 1:55 am

Tommy Monk wrote:Canada and Australia prime ministers have said they are in a race to see who cans do a deal with uk outside the eu first!!!


So much for our demise eh doom mongers...!?


lol!

lol so naive
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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by Tommy Monk on Wed Jun 29, 2016 2:09 am

veya_victaous wrote:
Tommy Monk wrote:Canada and Australia prime ministers have said they are in a race to see who cans do a deal with uk outside the eu first!!!


So much for our demise eh doom mongers...!?


lol!

lol so naive
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Australia are vultures...?



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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by veya_victaous on Wed Jun 29, 2016 2:42 am

Yes always looking for a quick/easy dollar.

we were still selling wheat to Iraq (even though we weren't supposed to) up until the USA told as we were going to war with them.


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Re: 'The country is going to be poorer' because of Brexit - Osborne

Post by WhoseYourWolfie on Wed Jun 29, 2016 6:02 am

Ben Reilly wrote:
Raggamuffin wrote:

If it hadn't been for a lot of old people, young people wouldn't have had much of a future here - unless they enjoy wearing jackboots of course.


Which seems to be more of the older people's thing these days Smile


Idea

APPARENTLY Ragg's and Deano buy their jackboots and riding crops in Turkey !?!

Nothing like putting one's money where your mouth is..


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