Labour to oppose budget surplus rule after U-turn
 

Labour has withdrawn its support for plans to force future governments to keep a budget surplus, prompting anger among some of its MPs.

Shadow chancellor John McDonnell told MPs they would oppose the chancellor's plan in Wednesday's vote, despite previously saying they would back it.

http://www.bbc.co.uk/news/uk-politics-34508959

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What a shambles they are :laugh:

Joke of a party

:joker: Now the fun begins.

I think that a few of us on here predicted this. It is fecking sad really. It used to be a valid party when I was a kid.

Calm down, they changed their minds is all, like there have been plenty of U turns of late from this and the previous govt.

its a pretty fundamental change of heart. They are basically saying when they get in to government, they want to be able to put the country in debt. Only 2 weeks ago the shadow chancellor was saying that labour are responsible and wouldn't put the country in debt. Therefore, by definition, they now want to be irresponsible. Great way to gain the confidence of voters .... not

For Sure Kizzy

I don't see the need for Osbornes plan for such a level of a budget surplus.

I certainly don't want to see a budget surplus that is in fact unnecessary built on the creation of more hardships of the most vulnerable sick and disabled in the UK.

I welcome this move, it is time the opposition to this heartless govt planned to oppose more not help give it more and more blank cheques.

The sooner we get a surplus the better, isn't there another recession just around the corner?

No! It's is a brilliant time to buy a house... go on! you don't need a silly deposit. Deflation?..pffft ignore that, come on borrowwwwwwwwww.

When people are cold and starving and services languishing in one of the richest countries do you think they want a budget surplus?...

Seems some people do want it Kizzy, even it that is to the total detriment of sick, disabled and vulnerable citizens on the UK.

It seems it doesn't matter if they cannot afford to heat their homes as long as the govt can build a surplus on the backs of those weakest in society.

Frankly I would be sick to the stomach of a govt having a surplus while sick and disabled and vulnerable people were being denied care and help by the heartless cuts this govt is making and has been making for over 5 years now.

Just today they went back on their promise not to sell the 13% stake in Royal mail, they have and that's nicely in the coffers ... maybe they'll buy a nice shiny nuclear sub who knows?

This isn't a U-turn.

McDonnell changed the policy, it never should have been in favour of the fiscal charter because Harriet was not an elected leader and she never will be. Lmao what kind of world do you people want to live in where ideas never change?

he made the announcement to support the government at the labour conference 2 weeks ago though .... if that's not a u turn, i don't know what is :laugh:

I don't think that would have been any of the top team saying that..

it was the shadow chancellor that said it ... the same man who u turned now :laugh:

In which case, I assume it was a case of policy not yet being properly formed and so he didn't question it.

It would only have been a U-turn really though if he had come out saying it was an amazing idea that would fully be supported and then announce he wouldn't. All he was doing was following what he was told until policy was changed - and it's not like McDonell has ever been pro-austerity, let's face it.

https://orderorder.files.wordpress.c...pg?w=540&h=364
:joker::joker::joker:

Farage responds upon hearing about the U turn. :joker::joker::joker:

http://cdn.images.express.co.uk/img/...814-400985.jpg

Mr Osborne said Labour's economic policy had "lurched from chaos to incredibility".

"Two weeks ago ‎they said they were going to vote for a surplus - now we know they want to keep on borrowing forever. That would be a grave threat to the economic security of working people‎," he said.

This has to be the best quote on that link because it relies on public stupidity.


A government in surplus can only mean one thing... the private sector goes into debt.

Its simple accounting

Oh well it's perfect then because we have plenty of stupid public!

Jeremy Corbyn telling Luke Skywalker and Princess Leia... may the farce be with you. :joker::joker::joker:
http://i.dailymail.co.uk/i/pix/2010/...37_634x335.jpg

Josh, read the article and the events as they happened. Each time I have responded to you, its been because your excuses don't match the events laid out in the article. The statement was made by the shadow chancellor at labours annual conference.

Its a clear U-turn and a pretty bloody awful one at that

It's not that awful, he is dedicated to budget responsibility while maintaining an anti austerity stance.
How can we very well be amassing a ruddy great surplus while the NHS is on the verge of collapse, where is the civil responsibility?

Because by getting in to a position of surplus, it means we are not having to service debt interest payments, which means that all the uk hard earned income can go toward extra funding of things like the NHS rather than being wasted paying interest