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All this Budget Speculation 23:28 - Oct 18 with 31698 viewsJACKMANANDBOY

The plan seems to be to raise taxes like IHT and Capital Gains and maybe on Non-Doms etc. whilst changing the rules to borrow more.
There a realistic risk here, if the tax income does not increase as planned, the very rich can work their way around these increases, and if growth is slow then the cost of borrowing increases as bond rates will go up as confidence is lost in the money markets and we will have a slow burn Liz Truss effect.

With all that is happening in the World having some gold makes a lot of sense right now.

Besian Idrizaj Forever a Jack
Poll: When will Duff Revert to 4 at the Back

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All this Budget Speculation on 16:59 - May 26 with 1176 viewsjohnlangy

All this Budget Speculation on 14:22 - May 26 by SullutaCreturned

There are approx 30,000 UK civil service jobs in Wales, I'd be surprised if we needed 25% of that if we went Indy and we couldn't afford the same pay scales.The head of the UK civil service gets over 200k. Copy and paste sorry...

civilserviceworld.com/professions/article/cabinet-office-reveals-highest-earners-with-hs2-chief-at-top#:~:text=Cabinet%20secretary%20and%20civil%20service,of%20£210%2C000-£214%2C999.

We already have too many politicians in Wales, before we increaseed them, how many civil service jobs will this bunch of spongers employ? We only have a 3.2 million population.

Then will they get the same expense accounts as the Westminster spongers emply?


The Welsh population is 5% of the UK population. The UK civil service is about 500,000. DVLA has about 5000 of them.

If it ended up like for like Wales would need about 5% of those numbers. That's 25,000 civil servants including about 250 in the Welsh equivalent of the DVLA.

If the Senedd in an independent Wales structured the new Welsh civil service similar to the current UK one that is an approximation of the numbers needed.

They may do things differently but based on what we have now that is a simple description of what would happen.
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All this Budget Speculation on 18:57 - May 27 with 1070 viewsSullutaCreturned

All this Budget Speculation on 16:59 - May 26 by johnlangy

The Welsh population is 5% of the UK population. The UK civil service is about 500,000. DVLA has about 5000 of them.

If it ended up like for like Wales would need about 5% of those numbers. That's 25,000 civil servants including about 250 in the Welsh equivalent of the DVLA.

If the Senedd in an independent Wales structured the new Welsh civil service similar to the current UK one that is an approximation of the numbers needed.

They may do things differently but based on what we have now that is a simple description of what would happen.


Tha is a simple description of what should happen but I'd bet we ended up with twice the number, or even more.

We have 22 LGA's for pete's sake, when has common sense riled Welsh politics?
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All this Budget Speculation on 19:05 - May 27 with 1058 viewsSullutaCreturned

All this Budget Speculation on 07:17 - May 23 by Dr_Winston

The older I get the more I start to think that benevolent dictatorship is the best form of Government.


Would that be absolute espotism OR enlightened absolutism?

Are you a fan of de Maupeou?
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All this Budget Speculation on 19:57 - May 27 with 1046 viewsDr_Winston

All this Budget Speculation on 19:05 - May 27 by SullutaCreturned

Would that be absolute espotism OR enlightened absolutism?

Are you a fan of de Maupeou?


I'm really more of a Lee Kuan Yew kinda guy.

Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.

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All this Budget Speculation on 21:24 - May 27 with 1008 viewsmajorraglan

IMF are further upgrading the growth forecast for the UK economy which is great news. Let’s hope the are right.

https://www.bbc.co.uk/news/articles/cx2jy0jk231o

The comments about having 22 local authorities are bang on, why on earth do we need 22 local authorities. It’s mental.
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All this Budget Speculation on 13:13 - Jul 2 with 780 viewsDr_Winston

We seem to have reached the point where the Chancellor of the Exchequer is crying in the House of Commons.

The poor quality of our elected representatives is becoming an existential threat to the Nation.

Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.

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All this Budget Speculation on 13:53 - Jul 2 with 758 viewsonehunglow

All this Budget Speculation on 13:13 - Jul 2 by Dr_Winston

We seem to have reached the point where the Chancellor of the Exchequer is crying in the House of Commons.

The poor quality of our elected representatives is becoming an existential threat to the Nation.


I've missed this until now

Look at the state we're in

[Post edited 2 Jul 13:54]

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All this Budget Speculation on 14:15 - Jul 2 with 736 viewsJACKMANANDBOY

We can expect some significant tax rises to balance the books. Gilts rates up, to add to the shortfall, today.
[Post edited 2 Jul 14:19]

Besian Idrizaj Forever a Jack
Poll: When will Duff Revert to 4 at the Back

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All this Budget Speculation on 14:24 - Jul 2 with 719 viewsDr_Winston

All this Budget Speculation on 14:15 - Jul 2 by JACKMANANDBOY

We can expect some significant tax rises to balance the books. Gilts rates up, to add to the shortfall, today.
[Post edited 2 Jul 14:19]


The amount of people claiming some sort of sickness based benefit has quadrupled in the last five years or so. The system is clearly being abused, and even a fairly tame attempt to correct that was shouted down by Labour back benchers.

We're in a mess.

Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.

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All this Budget Speculation on 14:40 - Jul 2 with 713 viewsJACKMANANDBOY

All this Budget Speculation on 14:24 - Jul 2 by Dr_Winston

The amount of people claiming some sort of sickness based benefit has quadrupled in the last five years or so. The system is clearly being abused, and even a fairly tame attempt to correct that was shouted down by Labour back benchers.

We're in a mess.


Carrying too much debt and welfare costs escalating, anti business measures in last budget and bond markets getting increasingly nervous. More taxes in the next budget and if that does not work we have the prospect of significant cuts.
We are in for a rough ride.

Besian Idrizaj Forever a Jack
Poll: When will Duff Revert to 4 at the Back

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All this Budget Speculation on 14:40 - Jul 2 with 713 viewsraynor94

All this Budget Speculation on 14:24 - Jul 2 by Dr_Winston

The amount of people claiming some sort of sickness based benefit has quadrupled in the last five years or so. The system is clearly being abused, and even a fairly tame attempt to correct that was shouted down by Labour back benchers.

We're in a mess.


Yep the tail is wagging the dog

You give it out, you take it back it`s all part of the game
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All this Budget Speculation on 15:03 - Jul 2 with 705 viewsDr_Winston

All this Budget Speculation on 14:40 - Jul 2 by JACKMANANDBOY

Carrying too much debt and welfare costs escalating, anti business measures in last budget and bond markets getting increasingly nervous. More taxes in the next budget and if that does not work we have the prospect of significant cuts.
We are in for a rough ride.


We have to cut. Welfare budgets, asylum costs, borrowing costs, public spending. We have to cut taxes on doing business and employing people. We have to encourage people to remain in the UK and pay tax instead of driving them away.

Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.

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All this Budget Speculation on 15:37 - Jul 2 with 682 viewsJACKMANANDBOY

All this Budget Speculation on 15:03 - Jul 2 by Dr_Winston

We have to cut. Welfare budgets, asylum costs, borrowing costs, public spending. We have to cut taxes on doing business and employing people. We have to encourage people to remain in the UK and pay tax instead of driving them away.


Starmer is a fence sitter, he'll try to muddle through until it hits the fan.

Besian Idrizaj Forever a Jack
Poll: When will Duff Revert to 4 at the Back

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All this Budget Speculation on 17:14 - Jul 2 with 646 viewsDr_Winston

The mentality we're dealing with...


Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.

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All this Budget Speculation on 19:14 - Jul 2 with 601 viewsSullutaCreturned

All this Budget Speculation on 17:14 - Jul 2 by Dr_Winston

The mentality we're dealing with...



Does he understand the debt and deficit and increasing the deficit, or not cutting it, means having to borrow more money? Not by the sounds of it, jeepers, I could do a better job.

PS, I had to look Lee Kwan Yew up, I like the sound of "greening" and wouldn't it be nice to live in a green and pleasant land
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All this Budget Speculation on 19:33 - Jul 2 with 594 viewsDr_Winston

All this Budget Speculation on 19:14 - Jul 2 by SullutaCreturned

Does he understand the debt and deficit and increasing the deficit, or not cutting it, means having to borrow more money? Not by the sounds of it, jeepers, I could do a better job.

PS, I had to look Lee Kwan Yew up, I like the sound of "greening" and wouldn't it be nice to live in a green and pleasant land


He was a fascinating guy. Almost a strict parent to his country. Took them from tropical backwater to economic powerhouse in one generation with a mix of full on Capitalist and some quasi-Socialist policies, but tolerated little dissent and mucking about in the process.

Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.

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All this Budget Speculation on 20:37 - Jul 2 with 565 viewsLuther27

All this Budget Speculation on 17:14 - Jul 2 by Dr_Winston

The mentality we're dealing with...



Dear God. I hope his wife controls the family budget with a mentality like that.
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All this Budget Speculation on 20:41 - Jul 2 with 563 viewsSullutaCreturned

All this Budget Speculation on 19:33 - Jul 2 by Dr_Winston

He was a fascinating guy. Almost a strict parent to his country. Took them from tropical backwater to economic powerhouse in one generation with a mix of full on Capitalist and some quasi-Socialist policies, but tolerated little dissent and mucking about in the process.


He does sound like my kind of guy, a good idea s a good idea be it from left or right. He sounds very driven too, just what you need, a leader with drive, a vision that actually works who will accept ideas (this bit is my take) no matter what side of politics they come from.

If only we had UK politicians like him.
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All this Budget Speculation on 20:45 - Jul 2 with 555 viewsDr_Winston

All this Budget Speculation on 20:37 - Jul 2 by Luther27

Dear God. I hope his wife controls the family budget with a mentality like that.


It's how too many on the left think. It's not our money, so lets spend more of it.

Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.

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All this Budget Speculation on 10:56 - Jul 3 with 476 viewsAnotherJohn

I'm 5000+ miles away and had let my attention stray away from the UK news. So this morning I was disconcerted to see reports of Rachel crying in the HoC. It looks like the bond market is getting more skittish than at any time since the Liz Truss fiasco and the GBP fell over 1% against the USD. I noticed the exchange rate fall here. Worrying times. Let us hope that Starmer can hold firm with so many Labour back benchers lacking any grasp of basic economics.
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All this Budget Speculation on 10:30 - Jul 4 with 385 viewsJACKMANANDBOY

All this Budget Speculation on 10:56 - Jul 3 by AnotherJohn

I'm 5000+ miles away and had let my attention stray away from the UK news. So this morning I was disconcerted to see reports of Rachel crying in the HoC. It looks like the bond market is getting more skittish than at any time since the Liz Truss fiasco and the GBP fell over 1% against the USD. I noticed the exchange rate fall here. Worrying times. Let us hope that Starmer can hold firm with so many Labour back benchers lacking any grasp of basic economics.


The US has voted to increase borrowing which will push up UK bond rates.

Reeves will have to:
Put up taxes
Cut expenditure
or change her fiscal rules
[Post edited 4 Jul 10:33]

Besian Idrizaj Forever a Jack
Poll: When will Duff Revert to 4 at the Back

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All this Budget Speculation on 21:55 - Jul 4 with 301 viewsSullutaCreturned

All this Budget Speculation on 10:30 - Jul 4 by JACKMANANDBOY

The US has voted to increase borrowing which will push up UK bond rates.

Reeves will have to:
Put up taxes
Cut expenditure
or change her fiscal rules
[Post edited 4 Jul 10:33]


What if she put up taxes AND cut spending?
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All this Budget Speculation on 06:56 - Jul 5 with 244 viewsAnotherJohn

All this Budget Speculation on 10:30 - Jul 4 by JACKMANANDBOY

The US has voted to increase borrowing which will push up UK bond rates.

Reeves will have to:
Put up taxes
Cut expenditure
or change her fiscal rules
[Post edited 4 Jul 10:33]


Yep, the newspapers are echoing what you said.

https://www.msn.com/en-gb/money/other/rachel-reeves-doomed-as-donald-trump-drops
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All this Budget Speculation on 10:35 - Jul 5 with 206 viewsmajorraglan

All this Budget Speculation on 06:56 - Jul 5 by AnotherJohn

Yep, the newspapers are echoing what you said.

https://www.msn.com/en-gb/money/other/rachel-reeves-doomed-as-donald-trump-drops


Harvey jones is hardly an impartial observer - he’s an editor from the Daily Express. Things aren’t great, but I suspect they aren’t as bad as he’s making out. Let’s see what happens.
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All this Budget Speculation on 15:12 - Jul 5 with 169 viewsAnotherJohn

All this Budget Speculation on 10:35 - Jul 5 by majorraglan

Harvey jones is hardly an impartial observer - he’s an editor from the Daily Express. Things aren’t great, but I suspect they aren’t as bad as he’s making out. Let’s see what happens.


Others too are worried about the impact of Trump's One Big Beautiful Bill on the bond markets and the implications of some of the US tax changes for the UK. Harvey Jones gets a lot of things wrong, but isn't he right about the likely rise in the cost of government borrowing?

https://uk.finance.yahoo.com/news/trump-big-beautiful-bill-bad-121105142.html

https://inews.co.uk/news/world/what-trumps-power-grab-means-for-the-uk-3778086

https://edition.cnn.com/2025/05/22/investing/bond-market-selloff
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