Mecky Posted February 25, 2013 Share Posted February 25, 2013 So when the country borrows money, the interest rates aren't as high. We don't want to be like Greece and have to ring ocean finance when we want to pay nurses. We're not borrowing money or so we're told, although borrowing is actually up. In fact we're selling grannies! Confusing isn't it? Link to comment Share on other sites More sharing options...
caparo Posted February 25, 2013 Share Posted February 25, 2013 they could pull in more tax if they stopped messing about with vodaphone/costa etc but for some reason they wont . borrowing money is something osbourne seems to be good at pity he cant get the sums right I thought the government were the ones highlighting the tax dodgers and clamping down on them. It was the last government that just let them get away with it. Link to comment Share on other sites More sharing options...
I1L2T3 Posted February 25, 2013 Share Posted February 25, 2013 As previously said, I was being slightly flippant. But it will push interest rates up won't it, eventually. Or as you seem to be alluding to, it makes sod all difference. According to figures on the bbc, sterling has steadied at a drop of 0.01 against the dollar (0.4%). Confidence doesn't seem too badly dented so is this just a political stick labour (and some Tory dissenters apparently) can beat osbourne with ? You can't have it all ways. It is primarily a political issue and Osborne is responsible for builing it into that. He can't have it both ways either - he can' t make a issue of the rating then pretend it find't matter after all. What could turn this into a major issue is Osborne's performance. If he screws up the budget like he did last year he is toast. Link to comment Share on other sites More sharing options...
MrSmith Posted February 25, 2013 Share Posted February 25, 2013 It is primarily a political issue and Osborne is responsible for builing it into that. He can't have it both ways either - he can' t make a issue of the rating then pretend it find't matter after all. What could turn this into a major issue is Osborne's performance. If he screws up the budget like he did last year he is toast. It's a small issue for Osborne but not as humongous has Gordon Brown's - Link to comment Share on other sites More sharing options...
Anna B Posted February 25, 2013 Share Posted February 25, 2013 I thought the government were the ones highlighting the tax dodgers and clamping down on them. It was the last government that just let them get away with it. They've barely scratched the surface, and only now because they realise public awareness on this issue is rising. It's the big boys with a lot of clout (not to mention big party donations) the government seems reluctant to touch. Link to comment Share on other sites More sharing options...
I1L2T3 Posted February 25, 2013 Share Posted February 25, 2013 It's a small issue for Osborne but not as humongous has Gordon Brown's - Is it not against forum rules to use super huge text. Link to comment Share on other sites More sharing options...
Manlinose Posted February 25, 2013 Share Posted February 25, 2013 the downgrading in itself matters a lot less economically than it does politically but it isn't helpful to an economy that needs all the assistance it can get missing borrowing and growth targets are more of an issue economically Link to comment Share on other sites More sharing options...
caparo Posted February 25, 2013 Share Posted February 25, 2013 They've barely scratched the surface, and only now because they realise public awareness on this issue is rising. It's the big boys with a lot of clout (not to mention big party donations) the government seems reluctant to touch. You mean at places like Pimco? I wonder how keen Ed Balls was to sort them? http://www.guardian.co.uk/business/2012/may/01/ed-balls-brother-57m-pimco Andrew Balls, the brother of shadow chancellor Ed, has shared £57m in pay with six other directors of the European arm of Pimco, the world's largest bond investor. ---------- Post added 25-02-2013 at 15:01 ---------- Is it not against forum rules to use super huge text. Why do they provide it then? Link to comment Share on other sites More sharing options...
MrSmith Posted February 25, 2013 Share Posted February 25, 2013 Is it not against forum rules to use super huge text. I wouldn't have thought so, I used them to highlight GB's supper huge error. Link to comment Share on other sites More sharing options...
WeX Posted February 25, 2013 Share Posted February 25, 2013 It's a small issue for Osborne but not as humongous has Gordon Brown's - How about "We saved the world" Link to comment Share on other sites More sharing options...
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