On
Sunday in a TV interview, David Cameron said they would not
invest the odd £1bn here and there, because it wouldn’t
do any good, as they were going to invest £3 trillion
over the next 4 years. As he said it he grimaced, as though
he realised he had got it wrong again. George Osborne in his
speech mentions it only once, commenting that details would
be announced in November. Both Cameron and Osborne looked
very worried at the conference.
George Osborne said, “halfway through the financial
year, it was apparent Whitehall departments were going to
spend "a little way short" of the £350bn expected”.
"This is often the case but sometimes governments have
just sat on that money because it hasn't mattered so much.
I think at times like this if we've got anything spare, we
should spend it." [not pay off debts]
Scotland will get an extra £67.5m in its block grant
but ministers are still deciding how to spend it, this £67.5m
will hopefully get the Tories re-elected in Scotland. The
SNP had already pledged to freeze council tax for five years.
George Osborne and David Cameron have both said that spending
the odd £1bn now won’t do any good if they are
going to spend £3 trillion over the next 4 years to
get the economy growing. [They both say they have a plan]
George Osborne also said he would increase the science budget
by £200m, in addition to the £802m give away to
councils who don’t increase the poll tax. That’s
just slightly over the odd £1bn both Cameron and Osborne
say won’t do any good. It is supposed to benefit the
poor, and the average extra amount people would have had to
pay is £72. It’s a bit like saying, ‘we
were going to increase income tax for everyone by £100
a week, but decided not to. This will save everyone £100
a week, generating a massive boost to the economy’
Osborne at the Coalition Conference [he referred to the benefits
the Lib Dems brought to the coalition several times] told
the party faithful that part of his plan to grow the economy
was to bring in ‘credit easing’ because the banks
won’t keep to their agreement to lend to small businesses.
Credit easing the latest Tory invention nobody knows for sure
what ‘credit easing is’.
He didn’t outline the plan, only in very vague terms,
you might ask yourself ‘If they have a plan to grow
the economy, why haven’t they done this before?’
Or you could ask why they need to release the details in November?
Why not now? Maybe it will take so long to invent the plan.
£3 trillion doesn’t sound a lot when you say it
fast, but you may ask where it is coming from? The government
made the largest borrowing in August since records began.
Why? If they have all this money stashed away did they have
to borrow so much? Why don’t they pay off their debts,
instead of hitting the poor with benefit cuts, and job cuts?
Will it come from the Bank of England in the form of ‘Quantative
Easing’ The party faithful seemed to lap it all up,
maybe they already know the plan, and know where the £3
trillion is stashed.
Osborne is already blaming the proposed union strikes and
the Euro zone for future failures. The unions are striking
because their pensions will decrease as their payments into
their pension plans increase, and they say it will all go
straight to the treasury.
Is that where the £3 trillion is coming from?
Both Cameron and Osborne showed their fear of Ed Balls at
the conference. It was pathetic the way they had to use snide
remarks to try and rejuvenate their party faithful. Childish
behaviour such as this doesn’t help the party in the
electorate’s mind, rather it helps to cement the opinion
held by the British public, that the coalition have no idea
what they are doing, and the fact that that the party faithful
encouraged their leaders to make a fool of themselves, shows
the collective mentality of the conference delegates to be
lacking.
We heard today that allegedly a convicted criminal could not
be deported, under the Human Rights Act, because he had a
cat. At least the party faithful didn’t believe it,
or accept it as a valid reason to scrap the human rights bill.
Some of the party faithful have woken up to the fact that
the increase in the overseas
aid budget of £3bn could have been used to avoid
the massive hike in the university fees. The argument behind
this stupid decision was quite forcible.
• It would force every family in Britain to pay an
extra £300 pound to contribute to the overseas aid
fund. A sort of stealth tax to benefit dictators in other
countries.
• It paved the way, to introduce the increased University
Tuition Fees.
• This in turn increased government spending, as they
had to pay the University fees up front, and students have
to pay them back later. Unfortunately the government found
out that they had grossly
under estimated the cost by 15% .
• Gave more credence to increase VAT.
• The conservatives could flex their muscles and make
the LibDems back the tuition fee increase.
The party faithful haven’t realised that after the IMF
‘half’ backed the ConDems plans, our government
gave them IMF £10bn.
There have been some good points raised at the conference,
mainly bringing back the labour policies the Tory led coalition
cancelled.
Osborne told the party conference that we had more apprenticeships
now than at any other time, so why do we have such a massive
amount of young people of apprenticeship age out of work?
He also said they were the party of low tax, as long as you
don’t include the VAT hike, which hits the working class
and the poor the hardest.
George Osborne has gone to lecture the EU on how to create
growth, I hope he reads it out of a book, and doesn’t
recant his failings over the last 12 months.
With growth at 0.1% for the second quarter, I don't think
he will have much to shout about.
