Budget 2016 at a glance

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About Robert Lovell

Business and finance journalist

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    avatar
    17th Mar 2016 11:28

    How does George keep getting away with it

    How does he do it, in 2008 he stated by 2015 he would balance the budget

    3 months ago he advised the outlook was steady

    Now he advises its the opposite

     

    He now advises by 2020 the books will balance......

     

    Scenario

    A Company accountant/ financial  advisor   states to his board, the future is rosy, 3 months later he advises the opposite, but dont worry in 4 years time it will be okay.

    How long would he remain in his job

    a) one day

    b) one week

    c) one month 

    d) one year

     

     

      

    Thanks (7)
    avatar
    18th Mar 2016 15:44

    One day

    AndrewV12 wrote:

    How does he do it, in 2008 he stated by 2015 he would balance the budget

    3 months ago he advised the outlook was steady

    Now he advises its the opposite

     

    He now advises by 2020 the books will balance......

     

    Scenario

    A Company accountant/ financial  advisor   states to his board, the future is rosy, 3 months later he advises the opposite, but dont worry in 4 years time it will be okay.

    How long would he remain in his job

    a) one day

    b) one week

    c) one month 

    d) one year

     

     

      

    and that is too long! I would fire him on the spot.

     

    Thanks (1)
    avatar
    By ShayaG
    17th Mar 2016 13:25

    e) indefinitely

    What I would find suspicious would be to hit a five year plan bang on budget....!

    Let's stop pretending that national politicians can have any more then a marginal impact on economic performance which is mostly driven by great global cycles of boom and bust.

    George's tax cutting - especially corporation tax - has not yielded any increase in tax yield through increasing the tax base.But it hardly matters in the overall scheme of things.

    The real scandal is the voters, who continue to borrow money that their children will have to pay back to fund pensions that are unaffordable.

    Thanks (1)

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