Corbyn quote at Runcorn ".....and it'll cost, I know, but every child will be able to learn a musical instrument..."
Yep. Not forced to.
The UK creative arts industry is a bigger earner of foreign money than UK manufacturing, and just below the financial industry.
The nurturing of creative talent is something the Tories see as just being a hobby, this Labour manifesto sees it as being of benefit to the individual and the country.
and I am sure there are numerous studies out there that show the benefits to child development, popular culture, happiness, dementia, anti-recidivism...
I wouldn't dispute that music is a great therapy etc., but he's proposed paying for every child in the country to learn to play an instrument, if they want to. This, on top of everything else he's proposed to plough loadsa money into.
Don't tell me.......err........corporation tax
He's making an exception to this one - not Corporation Tax, rather an additional punitive tax on former retail moguls now living beyond HMRC's net.
Corbyn quote at Runcorn ".....and it'll cost, I know, but every child will be able to learn a musical instrument..."
Yep. Not forced to.
The UK creative arts industry is a bigger earner of foreign money than UK manufacturing, and just below the financial industry.
The nurturing of creative talent is something the Tories see as just being a hobby, this Labour manifesto sees it as being of benefit to the individual and the country.
and I am sure there are numerous studies out there that show the benefits to child development, popular culture, happiness, dementia, anti-recidivism...
I wouldn't dispute that music is a great therapy etc., but he's proposed paying for every child in the country to learn to play an instrument, if they want to. This, on top of everything else he's proposed to plough loadsa money into.
Don't tell me.......err........corporation tax
He's making an exception to this one - not Corporation Tax, rather an additional punitive tax on former retail moguls now living beyond HMRC's net.
Scanned this list and couldn't find my nephew's school Forest Hill there. However the overwhelming list of names there is telling. If you went to school in the borough, as I did at firstly the now gone Plassey Road special school, and then Eliot Bank, and the now gone Brockley County you will very likely see your old school there, and even the names of some of your old teachers, now heads.
Most of the newspapers this morning seemed to be screaming at me, what a vile creature Jeremy Corbyn is. It seems that they think things were getting awkward and decided to trample all over him. The Sun said that they will investigate Jeremy Corbyn. I did not know that they did investigative journalism. There is always a first I suppose.
Corbyn quote at Runcorn ".....and it'll cost, I know, but every child will be able to learn a musical instrument..."
Yep. Not forced to.
The UK creative arts industry is a bigger earner of foreign money than UK manufacturing, and just below the financial industry.
The nurturing of creative talent is something the Tories see as just being a hobby, this Labour manifesto sees it as being of benefit to the individual and the country.
and I am sure there are numerous studies out there that show the benefits to child development, popular culture, happiness, dementia, anti-recidivism...
I wouldn't dispute that music is a great therapy etc., but he's proposed paying for every child in the country to learn to play an instrument, if they want to. This, on top of everything else he's proposed to plough loadsa money into.
Don't tell me.......err........corporation tax
He's making an exception to this one - not Corporation Tax, rather an additional punitive tax on former retail moguls now living beyond HMRC's net.
How many recorders can he buy with that ?
Corbyn has added that he will not be too extravagant - he's managed to get hold of a job lot of these:
Corbyn quote at Runcorn ".....and it'll cost, I know, but every child will be able to learn a musical instrument..."
Yep. Not forced to.
The UK creative arts industry is a bigger earner of foreign money than UK manufacturing, and just below the financial industry.
The nurturing of creative talent is something the Tories see as just being a hobby, this Labour manifesto sees it as being of benefit to the individual and the country.
and I am sure there are numerous studies out there that show the benefits to child development, popular culture, happiness, dementia, anti-recidivism...
I wouldn't dispute that music is a great therapy etc., but he's proposed paying for every child in the country to learn to play an instrument, if they want to. This, on top of everything else he's proposed to plough loadsa money into.
Don't tell me.......err........corporation tax
He's making an exception to this one - not Corporation Tax, rather an additional punitive tax on former retail moguls now living beyond HMRC's net.
Corbyn quote at Runcorn ".....and it'll cost, I know, but every child will be able to learn a musical instrument..."
Yep. Not forced to.
The UK creative arts industry is a bigger earner of foreign money than UK manufacturing, and just below the financial industry.
The nurturing of creative talent is something the Tories see as just being a hobby, this Labour manifesto sees it as being of benefit to the individual and the country.
and I am sure there are numerous studies out there that show the benefits to child development, popular culture, happiness, dementia, anti-recidivism...
I wouldn't dispute that music is a great therapy etc., but he's proposed paying for every child in the country to learn to play an instrument, if they want to. This, on top of everything else he's proposed to plough loadsa money into.
Don't tell me.......err........corporation tax
He's making an exception to this one - not Corporation Tax, rather an additional punitive tax on former retail moguls now living beyond HMRC's net.
How many recorders can he buy with that ?
One is too many....
A whole primary school class learning it would be worse than anything experienced in Guantanamo Bay.
Corbyn quote at Runcorn ".....and it'll cost, I know, but every child will be able to learn a musical instrument..."
Yep. Not forced to.
The UK creative arts industry is a bigger earner of foreign money than UK manufacturing, and just below the financial industry.
The nurturing of creative talent is something the Tories see as just being a hobby, this Labour manifesto sees it as being of benefit to the individual and the country.
and I am sure there are numerous studies out there that show the benefits to child development, popular culture, happiness, dementia, anti-recidivism...
I wouldn't dispute that music is a great therapy etc., but he's proposed paying for every child in the country to learn to play an instrument, if they want to. This, on top of everything else he's proposed to plough loadsa money into.
Don't tell me.......err........corporation tax
He's making an exception to this one - not Corporation Tax, rather an additional punitive tax on former retail moguls now living beyond HMRC's net.
How many recorders can he buy with that ?
One is too many....
A whole primary school class learning it would be worse than anyone experienced in Guantanamo Bay.
It's notable that people are very willing to believe that Trump has been compromised by a foreign power but dismiss as smears the suggestion that Corbyn might be in a similar situation. I'm not passing judgement on the merits of either case but the confirmation bias is plain to see.
Can we just reflect on this for a second (in order that we may laugh it out of court)
It's notable that people are very willing to believe that Trump has been compromised by a foreign power but dismiss as smears the suggestion that Corbyn might be in a similar situation. I'm not passing judgement on the merits of either case but the confirmation bias is plain to see.
Can we just reflect on this for a second (in order that we may laugh it out of court)
I must learn not to piss on a fanboys object of affection.
24 hours before the election and still haven't got a clue which way I will vote.
Labour is the obvious way - 5 more years of the Tories and our public services will collapse. But their proposals are unaffordable and how can you vote for Corbyn? And the thought of Diane Abbott as Home Secretary is a nightmare.
The Lib Dems? Their obsession with Europe turns me right off and Farron is a lightweight. And just seeing Clegg on TV makes me want to scream.
The Tories? Obviously the safe option but this campaign has really shown up May's limitations and how can you vote for a party that obviously wants to destroy the NHS?
We deserve so much better than this lot that I think I may just draw my own box on the voting slip saying none of the above.
Well seeing as we all know the Tories are going to win, your best protest vote will be to vote Labour and reduce their majority.
I'm genuinely not sure the Tories are going to romp away with this election.
They are not behind in one poll. They won't romp away like the predictions, but the best we can hope for is teh same or a slightly reduced majority. That could get rid of May and that would be a result because she is useless.
The most unscientific poll ever but will cheer you up!
Went to the dentist this morning. She, and her dental nurse, were chattering away and both said they had done a complete turn since the campaign started and were now going to vote Labour for the first time in their lives.
And they're not the only people I have heard say that.
I honestly think this will be a lot closer than you think.
Corbyn quote at Runcorn ".....and it'll cost, I know, but every child will be able to learn a musical instrument..."
Yep. Not forced to.
The UK creative arts industry is a bigger earner of foreign money than UK manufacturing, and just below the financial industry.
The nurturing of creative talent is something the Tories see as just being a hobby, this Labour manifesto sees it as being of benefit to the individual and the country.
and I am sure there are numerous studies out there that show the benefits to child development, popular culture, happiness, dementia, anti-recidivism...
I wouldn't dispute that music is a great therapy etc., but he's proposed paying for every child in the country to learn to play an instrument, if they want to. This, on top of everything else he's proposed to plough loadsa money into.
Don't tell me.......err........corporation tax
He's making an exception to this one - not Corporation Tax, rather an additional punitive tax on former retail moguls now living beyond HMRC's net.
It's notable that people are very willing to believe that Trump has been compromised by a foreign power but dismiss as smears the suggestion that Corbyn might be in a similar situation. I'm not passing judgement on the merits of either case but the confirmation bias is plain to see.
Can we just reflect on this for a second (in order that we may laugh it out of court)
It's notable that people are very willing to believe that Trump has been compromised by a foreign power but dismiss as smears the suggestion that Corbyn might be in a similar situation. I'm not passing judgement on the merits of either case but the confirmation bias is plain to see.
Can we just reflect on this for a second (in order that we may laugh it out of court)
I must learn not to piss on a fanboys object of affection.
Comparing Trump's obvious foreign collusion with anything Corbyn has ever done is entirely risible and you should expect nothing but mockery and contempt for doing so
24 hours before the election and still haven't got a clue which way I will vote.
Labour is the obvious way - 5 more years of the Tories and our public services will collapse. But their proposals are unaffordable and how can you vote for Corbyn? And the thought of Diane Abbott as Home Secretary is a nightmare.
The Lib Dems? Their obsession with Europe turns me right off and Farron is a lightweight. And just seeing Clegg on TV makes me want to scream.
The Tories? Obviously the safe option but this campaign has really shown up May's limitations and how can you vote for a party that obviously wants to destroy the NHS?
We deserve so much better than this lot that I think I may just draw my own box on the voting slip saying none of the above.
Well seeing as we all know the Tories are going to win, your best protest vote will be to vote Labour and reduce their majority.
I'm genuinely not sure the Tories are going to romp away with this election.
They are not behind in one poll. They won't romp away like the predictions, but the best we can hope for is teh same or a slightly reduced majority. That could get rid of May and that would be a result because she is useless.
The most unscientific poll ever but will cheer you up!
Went to the dentist this morning. She, and her dental nurse, were chattering away and both said they had done a complete turn since the campaign started and were now going to vote Labour for the first time in their lives.
And they're not the only people I have heard say that.
I honestly think this will be a lot closer than you think.
It's the north of the country where Labour will lose this election. A remarkable statement really.
1) Shy Tory syndrome rears its head again and May increases her majority, as was always expected. Corbyn is crushed and Labour finally ousts him. Most likely result.
2) Reduced Tory majority or even hung Parliament. Wolves baying for May. Somewhat less likely.
3) Labour is largest party. Very unlikely.
Thursday 22.05 ought to be interesting like it was last time.
Corbyn quote at Runcorn ".....and it'll cost, I know, but every child will be able to learn a musical instrument..."
Yep. Not forced to.
The UK creative arts industry is a bigger earner of foreign money than UK manufacturing, and just below the financial industry.
The nurturing of creative talent is something the Tories see as just being a hobby, this Labour manifesto sees it as being of benefit to the individual and the country.
and I am sure there are numerous studies out there that show the benefits to child development, popular culture, happiness, dementia, anti-recidivism...
I wouldn't dispute that music is a great therapy etc., but he's proposed paying for every child in the country to learn to play an instrument, if they want to. This, on top of everything else he's proposed to plough loadsa money into.
Don't tell me.......err........corporation tax
He's making an exception to this one - not Corporation Tax, rather an additional punitive tax on former retail moguls now living beyond HMRC's net.
How many recorders can he buy with that ?
Bass or treble?
I can do Busy Bee
You get a whole lot of tube and reed in a bass recorder, roughly four times the cost of a treble. I can remember the palpable excitement in our school recorder choir when Lord of the Dance was chosen as the morning hymn.
1) Shy Tory syndrome rears its head again and May increases her majority, as was always expected. Corbyn is crushed and Labour finally ousts him. Most likely result.
2) Reduced Tory majority or even hung Parliament. Wolves baying for May. Somewhat less likely.
3) Labour is largest party. Very unlikely.
Thursday 22.05 ought to be interesting like it was last time.
Very interesting. I'm looking forward to the exit polls and the Charlton life poll.
24 hours before the election and still haven't got a clue which way I will vote.
Labour is the obvious way - 5 more years of the Tories and our public services will collapse. But their proposals are unaffordable and how can you vote for Corbyn? And the thought of Diane Abbott as Home Secretary is a nightmare.
The Lib Dems? Their obsession with Europe turns me right off and Farron is a lightweight. And just seeing Clegg on TV makes me want to scream.
The Tories? Obviously the safe option but this campaign has really shown up May's limitations and how can you vote for a party that obviously wants to destroy the NHS?
We deserve so much better than this lot that I think I may just draw my own box on the voting slip saying none of the above.
Well seeing as we all know the Tories are going to win, your best protest vote will be to vote Labour and reduce their majority.
I'm genuinely not sure the Tories are going to romp away with this election.
They are not behind in one poll. They won't romp away like the predictions, but the best we can hope for is teh same or a slightly reduced majority. That could get rid of May and that would be a result because she is useless.
The most unscientific poll ever but will cheer you up!
Went to the dentist this morning. She, and her dental nurse, were chattering away and both said they had done a complete turn since the campaign started and were now going to vote Labour for the first time in their lives.
And they're not the only people I have heard say that.
I honestly think this will be a lot closer than you think.
It's the north of the country where Labour will lose this election. A remarkable statement really.
I think you will both be right. The vote share will be much higher in cities for Labour but it is in the North that Labour lose the election.
Corbyn quote at Runcorn ".....and it'll cost, I know, but every child will be able to learn a musical instrument..."
Yep. Not forced to.
The UK creative arts industry is a bigger earner of foreign money than UK manufacturing, and just below the financial industry.
The nurturing of creative talent is something the Tories see as just being a hobby, this Labour manifesto sees it as being of benefit to the individual and the country.
and I am sure there are numerous studies out there that show the benefits to child development, popular culture, happiness, dementia, anti-recidivism...
I wouldn't dispute that music is a great therapy etc., but he's proposed paying for every child in the country to learn to play an instrument, if they want to. This, on top of everything else he's proposed to plough loadsa money into.
Don't tell me.......err........corporation tax
He's making an exception to this one - not Corporation Tax, rather an additional punitive tax on former retail moguls now living beyond HMRC's net.
How many recorders can he buy with that ?
One is too many....
A whole primary school class learning it would be worse than anyone experienced in Guantanamo Bay.
Ahh so it's sonnez les matines. I always thought it was Semolina Tina. Thanks.
"1) Shy Tory syndrome rears its head again and May increases her majority, as was always expected. Corbyn is crushed and Labour finally ousts him. Most likely result."
Possibly but the average of the polls have May ahead enough to increase her majority. Hard to know if constituency-by-constituency tactical voting will have a say, but even without the shy tory I'd expect an increase in the tory lead. I don't believe that an increase in the youth vote will offset this either, sadly.
When I see that Eddie Izzard is campaigning in Eltham for Clive Efford it suggests to me that Lynton Crosby is doing a masterful job in this election in going after seats, it is a utilisation of the first past the post system to the advantage of the Tories. I can't criticise him for approaching the election like this, after all Trump had less overall votes than Clinton, but exploited the system and won. I wonder if Corbyn will get a large number of actual Labour votes, even more than in 2015, but lose even more seats.
I think that is quite possible, never really understood/agreed with our current system, in 2015 SNP v UKIP showed the issue better than ever when it cam to number of votes v's actual representation by MP's.
I'll be watching Eltham with interest as it's my constituency, I tried to engage with Efford, never responded on Twitter (maybe not a surprise) and he didn't respond to the two emails I sent via his website either, didn't help getting the Lewisham Labour leaflets either
I think the SNP v UKIP is not the best example as SNP are not a UK national party and only contested 58 odd seats. A better example is the amount of votes that it takes to win one seat. I did bring this up before but at the last election in was something like this.
SNP 25,000 votes per MP Cons 35,000 Lab 40,000 LD 400,000 Green 1,500,000 UKIP 4,000,000
Until we sort our voting system out can we ever truly be a modern democracy?
I never knew this?
Is this a thing? Surely most votes wins a seat? This is almost as embarrassing as the american system.... Actually it's equally bad.
Scrub that I think what this means is due to spread of votes and locations.
If 4,000,000 voted ukip but there was only a few per town or village, then that'd make sense.
just saw this on facebook very interesting the guy sounds like he knows what hes talking about.
LABOUR'S FULLY COSTED MANIFESTO
So by my maths and some research, this is how it stacks up...
The LABOUR MANIFESTO makes a loss of £12.43 billion per year for the next 5 years.
In context, our current borrowing per year (because we still need to borrow more money every year and are far from being in surplus) is at just under £60 billion pa, which is too high to be comfortable.
Our total deficit continues to increase every year and is currently at £1.727 trillion (or 86% of our GDP). This is worryingly high.
The total figure for government borrowing has only increased since the economic crash, not decreased despite austerity efforts.
Borrowing per year is down though - and this is a significant measure.
The Labour manifesto costs the country heavily and other than re-nationalising industries (very debatable as to the actual worth of this to the country) and giving students free education - will have achieved very little.
The manifesto does expose the UK to a huge amount of risk, however.
The Labour manifesto also compromises national growth by taxing companies more, effecting profits, investment and employment and makes the likelihood increase of our very small number of 1% top earners leaving the country.
- BREAKDOWN OF THE MANIFESTO:
The current amount of INCOME TAX generated by the whole of the UK is £182.1 bn
It is difficult to find the exact figures but the TOP 5% of TAX PAYERS seem to pay around 50% of the total Income Tax generated.
Through some very technical maths, we can work out that those people alone paying 45% tax currently are paying £91bn
Raising the tax rate from 45% to 50% will raise £101bn in total from these people - an increase of £10 billion from the current government's tax revenue of £91 billion.
- CORPORATION TAX only generates £42.7 bn in total - currently at a rate of 15%.
Working backwards from the taxable amount of £285 bn, adding a further 5% would take the total raised to £57 bn - an increase of £14.3bn
- THESE TWO CHANGES IN TOTAL combined raise a further (£14.3 bn + £10 bn pa) = £24.3 bn pa
- COSTS...
Labour want to give FREE HIGHER EDUCATION from September this year.
463,700 students from the UK (according to UCAS) began their higher education last year paying £9,200 pa in tuition fees per person.
This figure comes to £4.26 bn per year as a total annual bill.
Of course, there are three years of education happening at any one time so generally there will be a running cost of £4.6 x 3 = £12.8 bn per year.
- PAYING NURSES more money - above their current 1% pa cap.
Assuming their salaries are increased under Labour by 2% pa, in line with inflation, the bill works out as follows:
Assuming their salary is approx £33k pa:
285,000 nurses plus 21,604 midwives = 306,604 employees (this ignores doctors and ambulance staff) (306,604 x £33,000 = £10,117,93,000) * 2% = £202,358,640 pa .... (this is £0.2 bn extra pa)
- NATIONALISING ENERGY COMPANIES - this figure, according to a left-leaning newspaper, will be around £69bn as an up front cost
- NATIONALISING BRITISH RAIL - the track and infrastructure are still owned and operated by the government so they just need to buy back the rolling stock when the current operators' franchises on the line end. Very conservative estimate of £2 bn for rolling stock and rebranding.
- NATIONALISING ROYAL MAIL - this figure, according to a left-leaning newspaper, will be around £2.15 bn as an up front cost to buy a controlling 51% share in the company
- A SOFT BREXIT - and this is a big one - Corbyn and Labour believe we must have a soft Brexit and to have a soft Brexit we must pay our exit bill to appease the EU and retain definite access to the single market. This bill has been mooted as being as low as £50 bn and as high as £100 bn. I have assumed the minimal figure here, of £50 bn.
Theresa May will not be paying this figure and may well walk away from the negotiation entirely, of course.
- TOTALS:
ADDED TAX REVENUE:
Extra INCOME TAX: £11 bn pa. Over 5 years of govt = £55 billion
Extra CORPORATION TAX: £14.3 bn per year. Over 5 years of govt = £71.5 billion
TOTAL EXTRA TAX REVENUE: £25.3 bn per year. Over 5 years of govt = £126.5 billion
- COSTS:
FREE HIGHER EDUCATION: £12.8 bn per year. Over 5 years of govt = £64 billion
NURSES' PAY: £0.2 bn per year. Over 5 years of govt = £1 billion
NATIONALISING ENERGY COMPANIES: £69 billion
NATIONALISING ROYAL MAIL: £2.15 billion
NATIONALISING BRITISH RAIL: conservative estimate of £2 bn for rolling stock and rebranding
A SOFT BREXIT BILL: £50 billion
TOTAL COSTS OVER 5 YEARS: £188 billion
- DIFFERENCE IN CLAIM vs REALITY = (£188 billion - £126.5 billion) = £62.15 billion over 5 years
... or £12.43 billion per year
- I have also not costed further promises: - Doubling number of free child care hours from 15 to 30 - Limiting class sizes, presumably needing more teachers and more class rooms - Extra police to fight terrorism - Extra nurses to fund the NHS which Labour consistently refer to as 'understaffed'
just saw this on facebook very interesting the guy sounds like he knows what hes talking about.
LABOUR'S FULLY COSTED MANIFESTO
So by my maths and some research, this is how it stacks up...
The LABOUR MANIFESTO makes a loss of £12.43 billion per year for the next 5 years.
In context, our current borrowing per year (because we still need to borrow more money every year and are far from being in surplus) is at just under £60 billion pa, which is too high to be comfortable.
Our total deficit continues to increase every year and is currently at £1.727 trillion (or 86% of our GDP). This is worryingly high.
The total figure for government borrowing has only increased since the economic crash, not decreased despite austerity efforts.
Borrowing per year is down though - and this is a significant measure.
The Labour manifesto costs the country heavily and other than re-nationalising industries (very debatable as to the actual worth of this to the country) and giving students free education - will have achieved very little.
The manifesto does expose the UK to a huge amount of risk, however.
The Labour manifesto also compromises national growth by taxing companies more, effecting profits, investment and employment and makes the likelihood increase of our very small number of 1% top earners leaving the country.
- BREAKDOWN OF THE MANIFESTO:
The current amount of INCOME TAX generated by the whole of the UK is £182.1 bn
It is difficult to find the exact figures but the TOP 5% of TAX PAYERS seem to pay around 50% of the total Income Tax generated.
Through some very technical maths, we can work out that those people alone paying 45% tax currently are paying £91bn
Raising the tax rate from 45% to 50% will raise £101bn in total from these people - an increase of £10 billion from the current government's tax revenue of £91 billion.
- CORPORATION TAX only generates £42.7 bn in total - currently at a rate of 15%.
Working backwards from the taxable amount of £285 bn, adding a further 5% would take the total raised to £57 bn - an increase of £14.3bn
- THESE TWO CHANGES IN TOTAL combined raise a further (£14.3 bn + £10 bn pa) = £24.3 bn pa
- COSTS...
Labour want to give FREE HIGHER EDUCATION from September this year.
463,700 students from the UK (according to UCAS) began their higher education last year paying £9,200 pa in tuition fees per person.
This figure comes to £4.26 bn per year as a total annual bill.
Of course, there are three years of education happening at any one time so generally there will be a running cost of £4.6 x 3 = £12.8 bn per year.
- PAYING NURSES more money - above their current 1% pa cap.
Assuming their salaries are increased under Labour by 2% pa, in line with inflation, the bill works out as follows:
Assuming their salary is approx £33k pa:
285,000 nurses plus 21,604 midwives = 306,604 employees (this ignores doctors and ambulance staff) (306,604 x £33,000 = £10,117,93,000) * 2% = £202,358,640 pa .... (this is £0.2 bn extra pa)
- NATIONALISING ENERGY COMPANIES - this figure, according to a left-leaning newspaper, will be around £69bn as an up front cost
- NATIONALISING BRITISH RAIL - the track and infrastructure are still owned and operated by the government so they just need to buy back the rolling stock when the current operators' franchises on the line end. Very conservative estimate of £2 bn for rolling stock and rebranding.
- NATIONALISING ROYAL MAIL - this figure, according to a left-leaning newspaper, will be around £2.15 bn as an up front cost to buy a controlling 51% share in the company
- A SOFT BREXIT - and this is a big one - Corbyn and Labour believe we must have a soft Brexit and to have a soft Brexit we must pay our exit bill to appease the EU and retain definite access to the single market. This bill has been mooted as being as low as £50 bn and as high as £100 bn. I have assumed the minimal figure here, of £50 bn.
Theresa May will not be paying this figure and may well walk away from the negotiation entirely, of course.
- TOTALS:
ADDED TAX REVENUE:
Extra INCOME TAX: £11 bn pa. Over 5 years of govt = £55 billion
Extra CORPORATION TAX: £14.3 bn per year. Over 5 years of govt = £71.5 billion
TOTAL EXTRA TAX REVENUE: £25.3 bn per year. Over 5 years of govt = £126.5 billion
- COSTS:
FREE HIGHER EDUCATION: £12.8 bn per year. Over 5 years of govt = £64 billion
NURSES' PAY: £0.2 bn per year. Over 5 years of govt = £1 billion
NATIONALISING ENERGY COMPANIES: £69 billion
NATIONALISING ROYAL MAIL: £2.15 billion
NATIONALISING BRITISH RAIL: conservative estimate of £2 bn for rolling stock and rebranding
A SOFT BREXIT BILL: £50 billion
TOTAL COSTS OVER 5 YEARS: £188 billion
- DIFFERENCE IN CLAIM vs REALITY = (£188 billion - £126.5 billion) = £62.15 billion over 5 years
... or £12.43 billion per year
- I have also not costed further promises: - Doubling number of free child care hours from 15 to 30 - Limiting class sizes, presumably needing more teachers and more class rooms - Extra police to fight terrorism - Extra nurses to fund the NHS which Labour consistently refer to as 'understaffed'
just saw this on facebook very interesting the guy sounds like he knows what hes talking about.
LABOUR'S FULLY COSTED MANIFESTO
So by my maths and some research, this is how it stacks up...
The LABOUR MANIFESTO makes a loss of £12.43 billion per year for the next 5 years.
In context, our current borrowing per year (because we still need to borrow more money every year and are far from being in surplus) is at just under £60 billion pa, which is too high to be comfortable.
Our total deficit continues to increase every year and is currently at £1.727 trillion (or 86% of our GDP). This is worryingly high.
The total figure for government borrowing has only increased since the economic crash, not decreased despite austerity efforts.
Borrowing per year is down though - and this is a significant measure.
The Labour manifesto costs the country heavily and other than re-nationalising industries (very debatable as to the actual worth of this to the country) and giving students free education - will have achieved very little.
The manifesto does expose the UK to a huge amount of risk, however.
The Labour manifesto also compromises national growth by taxing companies more, effecting profits, investment and employment and makes the likelihood increase of our very small number of 1% top earners leaving the country.
- BREAKDOWN OF THE MANIFESTO:
The current amount of INCOME TAX generated by the whole of the UK is £182.1 bn
It is difficult to find the exact figures but the TOP 5% of TAX PAYERS seem to pay around 50% of the total Income Tax generated.
Through some very technical maths, we can work out that those people alone paying 45% tax currently are paying £91bn
Raising the tax rate from 45% to 50% will raise £101bn in total from these people - an increase of £10 billion from the current government's tax revenue of £91 billion.
- CORPORATION TAX only generates £42.7 bn in total - currently at a rate of 15%.
Working backwards from the taxable amount of £285 bn, adding a further 5% would take the total raised to £57 bn - an increase of £14.3bn
- THESE TWO CHANGES IN TOTAL combined raise a further (£14.3 bn + £10 bn pa) = £24.3 bn pa
- COSTS...
Labour want to give FREE HIGHER EDUCATION from September this year.
463,700 students from the UK (according to UCAS) began their higher education last year paying £9,200 pa in tuition fees per person.
This figure comes to £4.26 bn per year as a total annual bill.
Of course, there are three years of education happening at any one time so generally there will be a running cost of £4.6 x 3 = £12.8 bn per year.
- PAYING NURSES more money - above their current 1% pa cap.
Assuming their salaries are increased under Labour by 2% pa, in line with inflation, the bill works out as follows:
Assuming their salary is approx £33k pa:
285,000 nurses plus 21,604 midwives = 306,604 employees (this ignores doctors and ambulance staff) (306,604 x £33,000 = £10,117,93,000) * 2% = £202,358,640 pa .... (this is £0.2 bn extra pa)
- NATIONALISING ENERGY COMPANIES - this figure, according to a left-leaning newspaper, will be around £69bn as an up front cost
- NATIONALISING BRITISH RAIL - the track and infrastructure are still owned and operated by the government so they just need to buy back the rolling stock when the current operators' franchises on the line end. Very conservative estimate of £2 bn for rolling stock and rebranding.
- NATIONALISING ROYAL MAIL - this figure, according to a left-leaning newspaper, will be around £2.15 bn as an up front cost to buy a controlling 51% share in the company
- A SOFT BREXIT - and this is a big one - Corbyn and Labour believe we must have a soft Brexit and to have a soft Brexit we must pay our exit bill to appease the EU and retain definite access to the single market. This bill has been mooted as being as low as £50 bn and as high as £100 bn. I have assumed the minimal figure here, of £50 bn.
Theresa May will not be paying this figure and may well walk away from the negotiation entirely, of course.
- TOTALS:
ADDED TAX REVENUE:
Extra INCOME TAX: £11 bn pa. Over 5 years of govt = £55 billion
Extra CORPORATION TAX: £14.3 bn per year. Over 5 years of govt = £71.5 billion
TOTAL EXTRA TAX REVENUE: £25.3 bn per year. Over 5 years of govt = £126.5 billion
- COSTS:
FREE HIGHER EDUCATION: £12.8 bn per year. Over 5 years of govt = £64 billion
NURSES' PAY: £0.2 bn per year. Over 5 years of govt = £1 billion
NATIONALISING ENERGY COMPANIES: £69 billion
NATIONALISING ROYAL MAIL: £2.15 billion
NATIONALISING BRITISH RAIL: conservative estimate of £2 bn for rolling stock and rebranding
A SOFT BREXIT BILL: £50 billion
TOTAL COSTS OVER 5 YEARS: £188 billion
- DIFFERENCE IN CLAIM vs REALITY = (£188 billion - £126.5 billion) = £62.15 billion over 5 years
... or £12.43 billion per year
- I have also not costed further promises: - Doubling number of free child care hours from 15 to 30 - Limiting class sizes, presumably needing more teachers and more class rooms - Extra police to fight terrorism - Extra nurses to fund the NHS which Labour consistently refer to as 'understaffed'
A lot of people can sound like they know what they're talking about - I've made a career of it!
Did he cost the tory manifesto as well? (whoops, sorry - no numbers in that one). Or did he say how the tories will cut the budget deficit and reduce the national debt from its record level?
Just making the comment in an attempt to achieve balance ;-)
It's notable that people are very willing to believe that Trump has been compromised by a foreign power but dismiss as smears the suggestion that Corbyn might be in a similar situation. I'm not passing judgement on the merits of either case but the confirmation bias is plain to see.
Can we just reflect on this for a second (in order that we may laugh it out of court)
It's notable that people are very willing to believe that Trump has been compromised by a foreign power but dismiss as smears the suggestion that Corbyn might be in a similar situation. I'm not passing judgement on the merits of either case but the confirmation bias is plain to see.
Can we just reflect on this for a second (in order that we may laugh it out of court)
I must learn not to piss on a fanboys object of affection.
Comparing Trump's obvious foreign collusion with anything Corbyn has ever done is entirely risible and you should expect nothing but mockery and contempt for doing so
Piss off, that's not I said. I was comparing peoples reactions to the claims rather than the claims themselves. For what's its worth I'd be surprised if Corbyn hasn't compromised himself during a career of supporting numerous organisations or states that have been opposed to iurs but clearly nobody in their right mind would have set him up because nobody ever envisaged he'd be in this position. You're clearly a passionate poster Leuth but fuck off with your tone and fuck off with your ridiculously hyperbole.
Comments
However the overwhelming list of names there is telling. If you went to school in the borough, as I did at firstly the now gone Plassey Road special school, and then Eliot Bank, and the now gone Brockley County you will very likely see your old school there, and even the names of some of your old teachers, now heads.
It seems that they think things were getting awkward and decided to trample all over him.
The Sun said that they will investigate Jeremy Corbyn. I did not know that they did investigative journalism. There is always a first I suppose.
A whole primary school class learning it would be worse than anything experienced in Guantanamo Bay.
Went to the dentist this morning. She, and her dental nurse, were chattering away and both said they had done a complete turn since the campaign started and were now going to vote Labour for the first time in their lives.
And they're not the only people I have heard say that.
I honestly think this will be a lot closer than you think.
It's the north of the country where Labour will lose this election. A remarkable statement really.
1) Shy Tory syndrome rears its head again and May increases her majority, as was always expected. Corbyn is crushed and Labour finally ousts him. Most likely result.
2) Reduced Tory majority or even hung Parliament. Wolves baying for May. Somewhat less likely.
3) Labour is largest party. Very unlikely.
Thursday 22.05 ought to be interesting like it was last time.
Jeremy Corbyn 9/2.
(Curbs 16/1)
I can't believe her this time. She wouldn't want to go through this again.
Possibly but the average of the polls have May ahead enough to increase her majority. Hard to know if constituency-by-constituency tactical voting will have a say, but even without the shy tory I'd expect an increase in the tory lead. I don't believe that an increase in the youth vote will offset this either, sadly.
LABOUR'S FULLY COSTED MANIFESTO
So by my maths and some research, this is how it stacks up...
The LABOUR MANIFESTO makes a loss of £12.43 billion per year for the next 5 years.
In context, our current borrowing per year (because we still need to borrow more money every year and are far from being in surplus) is at just under £60 billion pa, which is too high to be comfortable.
Our total deficit continues to increase every year and is currently at £1.727 trillion (or 86% of our GDP). This is worryingly high.
The total figure for government borrowing has only increased since the economic crash, not decreased despite austerity efforts.
Borrowing per year is down though - and this is a significant measure.
The Labour manifesto costs the country heavily and other than re-nationalising industries (very debatable as to the actual worth of this to the country) and giving students free education - will have achieved very little.
The manifesto does expose the UK to a huge amount of risk, however.
The Labour manifesto also compromises national growth by taxing companies more, effecting profits, investment and employment and makes the likelihood increase of our very small number of 1% top earners leaving the country.
-
BREAKDOWN OF THE MANIFESTO:
The current amount of INCOME TAX generated by the whole of the UK is £182.1 bn
It is difficult to find the exact figures but the TOP 5% of TAX PAYERS seem to pay around 50% of the total Income Tax generated.
Through some very technical maths, we can work out that those people alone paying 45% tax currently are paying £91bn
Raising the tax rate from 45% to 50% will raise £101bn in total from these people - an increase of £10 billion from the current government's tax revenue of £91 billion.
-
CORPORATION TAX only generates £42.7 bn in total - currently at a rate of 15%.
Working backwards from the taxable amount of £285 bn, adding a further 5% would take the total raised to £57 bn - an increase of £14.3bn
-
THESE TWO CHANGES IN TOTAL combined raise a further (£14.3 bn + £10 bn pa) = £24.3 bn pa
-
COSTS...
Labour want to give FREE HIGHER EDUCATION from September this year.
463,700 students from the UK (according to UCAS) began their higher education last year paying £9,200 pa in tuition fees per person.
This figure comes to £4.26 bn per year as a total annual bill.
Of course, there are three years of education happening at any one time so generally there will be a running cost of £4.6 x 3 = £12.8 bn per year.
-
PAYING NURSES more money - above their current 1% pa cap.
Assuming their salaries are increased under Labour by 2% pa, in line with inflation, the bill works out as follows:
Assuming their salary is approx £33k pa:
285,000 nurses plus 21,604 midwives = 306,604 employees (this ignores doctors and ambulance staff)
(306,604 x £33,000 = £10,117,93,000) * 2% = £202,358,640 pa .... (this is £0.2 bn extra pa)
-
NATIONALISING ENERGY COMPANIES - this figure, according to a left-leaning newspaper, will be around £69bn as an up front cost
-
NATIONALISING BRITISH RAIL - the track and infrastructure are still owned and operated by the government so they just need to buy back the rolling stock when the current operators' franchises on the line end. Very conservative estimate of £2 bn for rolling stock and rebranding.
-
NATIONALISING ROYAL MAIL - this figure, according to a left-leaning newspaper, will be around £2.15 bn as an up front cost to buy a controlling 51% share in the company
-
A SOFT BREXIT - and this is a big one - Corbyn and Labour believe we must have a soft Brexit and to have a soft Brexit we must pay our exit bill to appease the EU and retain definite access to the single market. This bill has been mooted as being as low as £50 bn and as high as £100 bn. I have assumed the minimal figure here, of £50 bn.
Theresa May will not be paying this figure and may well walk away from the negotiation entirely, of course.
-
TOTALS:
ADDED TAX REVENUE:
Extra INCOME TAX: £11 bn pa. Over 5 years of govt = £55 billion
Extra CORPORATION TAX: £14.3 bn per year. Over 5 years of govt = £71.5 billion
TOTAL EXTRA TAX REVENUE: £25.3 bn per year. Over 5 years of govt = £126.5 billion
-
COSTS:
FREE HIGHER EDUCATION: £12.8 bn per year. Over 5 years of govt = £64 billion
NURSES' PAY: £0.2 bn per year. Over 5 years of govt = £1 billion
NATIONALISING ENERGY COMPANIES: £69 billion
NATIONALISING ROYAL MAIL: £2.15 billion
NATIONALISING BRITISH RAIL: conservative estimate of £2 bn for rolling stock and rebranding
A SOFT BREXIT BILL: £50 billion
TOTAL COSTS OVER 5 YEARS: £188 billion
-
DIFFERENCE IN CLAIM vs REALITY = (£188 billion - £126.5 billion) = £62.15 billion over 5 years
... or £12.43 billion per year
-
I have also not costed further promises:
- Doubling number of free child care hours from 15 to 30
- Limiting class sizes, presumably needing more teachers and more class rooms
- Extra police to fight terrorism
- Extra nurses to fund the NHS which Labour consistently refer to as 'understaffed'
-
Sources:
http://www.bbc.co.uk/news/business-39897498
https://www.ifs.org.uk/bns/bn09.pdf
http://www.telegraph.co.uk/news/2016/04/26/nearly-half-of-britons-pay-no-income-tax-as-burden-on-rich-incre/
http://www.telegraph.co.uk/finance/personalfinance/tax/10368203/Top-earners-to-pay-third-of-all-income-tax-despite-rate-cut.html
https://www.ifs.org.uk/uploads/gb/gb2015/ch10_gb2015.pdf
https://www.ucas.com/corporate/news-and-key-documents/news/record-numbers-students-accepted-uk-universities-and-colleges
https://www.theguardian.com/politics/2017/may/20/labour-renationalisation-rail-water-energy-cost-benefits
Did he cost the tory manifesto as well? (whoops, sorry - no numbers in that one). Or did he say how the tories will cut the budget deficit and reduce the national debt from its record level?
Just making the comment in an attempt to achieve balance ;-)