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	<title>Comments on: Let&#8217;s borrow more to cut borrowing!</title>
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	<description>Incisive and topical campaigns and commentary on today&#039;s issues and tomorrow&#039;s problems</description>
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		<title>By: Johnny Norfolk</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7854</link>
		<dc:creator>Johnny Norfolk</dc:creator>
		<pubDate>Wed, 12 Nov 2008 01:16:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7854</guid>
		<description>He appears to be more interested in not upsetting the leftie media. He needs to come out fighting for the future of our country. They are to timid. We are back to labour over spending. The basic tactics Mrs T used then need to be used again. they worked then and will work now. 
 There are to many front bench wets. </description>
		<content:encoded><![CDATA[<p>He appears to be more interested in not upsetting the leftie media. He needs to come out fighting for the future of our country. They are to timid. We are back to labour over spending. The basic tactics Mrs T used then need to be used again. they worked then and will work now.<br />
 There are to many front bench wets.</p>
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		<title>By: Freeborn John</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7853</link>
		<dc:creator>Freeborn John</dc:creator>
		<pubDate>Tue, 11 Nov 2008 01:43:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7853</guid>
		<description>Good to see you on &#039;Newsnight&#039;. With the polls tightening the Conservatives really needed to bring in the fast bowlers on economic policy, and it certainly looked like you scuttled out the Labour tail-ender tonight. </description>
		<content:encoded><![CDATA[<p>Good to see you on &#039;Newsnight&#039;. With the polls tightening the Conservatives really needed to bring in the fast bowlers on economic policy, and it certainly looked like you scuttled out the Labour tail-ender tonight.</p>
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		<title>By: Johnny Norfolk</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7852</link>
		<dc:creator>Johnny Norfolk</dc:creator>
		<pubDate>Tue, 11 Nov 2008 01:08:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7852</guid>
		<description>Good to see you on Newsnight John. It was good you were not letting that Labour man get away with his stupid remarks. 
 
The whole programme should have been taken up with this, so we could get to the truth of the matter. 
 But that would never do for Labour/BBC </description>
		<content:encoded><![CDATA[<p>Good to see you on Newsnight John. It was good you were not letting that Labour man get away with his stupid remarks. </p>
<p>The whole programme should have been taken up with this, so we could get to the truth of the matter.<br />
 But that would never do for Labour/BBC</p>
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		<title>By: Matthew Reynolds</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7851</link>
		<dc:creator>Matthew Reynolds</dc:creator>
		<pubDate>Tue, 11 Nov 2008 01:06:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7851</guid>
		<description>As Labor are talking about &#163;15 billion in tax cuts might I suggest  going slightly further &amp; going for &#163;16 billion ? This could mean raising the basic personal allowance by &#163;2,000 plus inflation thus giving most taxpayers a  reduction worth up to &#163;400 p/a ? 
 
The coping classes &amp; low earners would find their cash flow helped thus boosting demand and helping those who need it meaning that one gets economic and social liberalism at the same time. 
 
Interest rates are now 3% and it might not be prudent to lower them much more meaning that fiscal policy might have to be active as part of a recession beating policy. They have fallen by 2% very quickly and another 2% off is surely the most that can be cut from the price of money. 1% has not worked in Japan as monetary policy while important is not the only solution - rather a partial remedy. 
 
The effect of a bigger personal allowance could be a holding operation thus shoring up GDP until the effects of  lower base rates fully filter through into the economy. 
 
Mortgage regulation , the red tape driving up building industry costs and our planning laws all need streamlining  to get the property market going again. 
 
Surely it is commonsense to give people some of their cash back in tax relief so that they can service debt better or save money in the banks ? If the banks need more capital then rather than buy bank shares lower taxes will possibly aid the bankers by getting them some more funds . It strikes me that more economic liberalism and not less (i.e. tax cuts not banks being state run )could help solve this ? 
 
Pledging to slash the cost of QUANGO&#039;s by 60% over six years with a view to balancing the budget might be an idea as by hiving them off , axing them or merging them to that extent you could save &#163;60 billion eventually . By replacing Job Seekers Allowance &amp; Incapacity Benefit with one payment designed to curtail economic inactivity the public sector job shedding that my plan involves need not add to unemployment overall if others where got back to work &amp; if smaller government was boosting GDP and thus employment levels ( as in Eire ). 
 
A big tax cut now partially funded by less bank subsidy and a hatchet to Brown&#039;s client state would minimize the recession in the short term while in the long run a recovery would not be threatened by economic instability ( caused by vast public borrowing driving up interest rates as investors demanded a better return before lending to the Treasury ). </description>
		<content:encoded><![CDATA[<p>As Labor are talking about &pound;15 billion in tax cuts might I suggest  going slightly further &amp; going for &pound;16 billion ? This could mean raising the basic personal allowance by &pound;2,000 plus inflation thus giving most taxpayers a  reduction worth up to &pound;400 p/a ? </p>
<p>The coping classes &amp; low earners would find their cash flow helped thus boosting demand and helping those who need it meaning that one gets economic and social liberalism at the same time. </p>
<p>Interest rates are now 3% and it might not be prudent to lower them much more meaning that fiscal policy might have to be active as part of a recession beating policy. They have fallen by 2% very quickly and another 2% off is surely the most that can be cut from the price of money. 1% has not worked in Japan as monetary policy while important is not the only solution &#8211; rather a partial remedy. </p>
<p>The effect of a bigger personal allowance could be a holding operation thus shoring up GDP until the effects of  lower base rates fully filter through into the economy. </p>
<p>Mortgage regulation , the red tape driving up building industry costs and our planning laws all need streamlining  to get the property market going again. </p>
<p>Surely it is commonsense to give people some of their cash back in tax relief so that they can service debt better or save money in the banks ? If the banks need more capital then rather than buy bank shares lower taxes will possibly aid the bankers by getting them some more funds . It strikes me that more economic liberalism and not less (i.e. tax cuts not banks being state run )could help solve this ? </p>
<p>Pledging to slash the cost of QUANGO&#039;s by 60% over six years with a view to balancing the budget might be an idea as by hiving them off , axing them or merging them to that extent you could save &pound;60 billion eventually . By replacing Job Seekers Allowance &amp; Incapacity Benefit with one payment designed to curtail economic inactivity the public sector job shedding that my plan involves need not add to unemployment overall if others where got back to work &amp; if smaller government was boosting GDP and thus employment levels ( as in Eire ). </p>
<p>A big tax cut now partially funded by less bank subsidy and a hatchet to Brown&#039;s client state would minimize the recession in the short term while in the long run a recovery would not be threatened by economic instability ( caused by vast public borrowing driving up interest rates as investors demanded a better return before lending to the Treasury ).</p>
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		<title>By: Bazman</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7850</link>
		<dc:creator>Bazman</dc:creator>
		<pubDate>Mon, 10 Nov 2008 22:47:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7850</guid>
		<description>I&#039;m quite impressed with John Redwoods predictions on the economy. </description>
		<content:encoded><![CDATA[<p>I&#039;m quite impressed with John Redwoods predictions on the economy.</p>
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		<title>By: Francis Purdue-Horan</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7849</link>
		<dc:creator>Francis Purdue-Horan</dc:creator>
		<pubDate>Mon, 10 Nov 2008 22:03:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7849</guid>
		<description>Gareth @ 1.23pm 
 
That&#039;s right, lets have a go at Mrs Thatchers Gov&#039;t and forget Gordon Brown has been running the economy since 1997 (and still is as PM.) 
 
Lets go back to the days of waiting for up to six months for a basic landline telephone and all the other disasterous policies of &quot;old&quot; Labour. 
 
And another thing, why should I be responsible for the credit agreement contract that I signed for (as an adult with human rights,) when I took the cash for an extension to the house, but instead, blew it on a new car and a holiday. </description>
		<content:encoded><![CDATA[<p>Gareth @ 1.23pm </p>
<p>That&#039;s right, lets have a go at Mrs Thatchers Gov&#039;t and forget Gordon Brown has been running the economy since 1997 (and still is as PM.) </p>
<p>Lets go back to the days of waiting for up to six months for a basic landline telephone and all the other disasterous policies of &quot;old&quot; Labour. </p>
<p>And another thing, why should I be responsible for the credit agreement contract that I signed for (as an adult with human rights,) when I took the cash for an extension to the house, but instead, blew it on a new car and a holiday.</p>
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		<title>By: StevenL</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7848</link>
		<dc:creator>StevenL</dc:creator>
		<pubDate>Mon, 10 Nov 2008 20:56:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7848</guid>
		<description>As a single young bloke with no kids I&#039;ll eat my hat if GB gives me a tax cut. 
 
He&#039;ll say &#039;tax cuts for hardworking families&#039; but I bet he means higher tax-credit benefit payments, paid for by a few pence on my Christmas whisky and my 0% threshold rising a lot slower than the 5% CPI figure. </description>
		<content:encoded><![CDATA[<p>As a single young bloke with no kids I&#039;ll eat my hat if GB gives me a tax cut. </p>
<p>He&#039;ll say &#039;tax cuts for hardworking families&#039; but I bet he means higher tax-credit benefit payments, paid for by a few pence on my Christmas whisky and my 0% threshold rising a lot slower than the 5% CPI figure.</p>
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		<title>By: jean baker</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7847</link>
		<dc:creator>jean baker</dc:creator>
		<pubDate>Mon, 10 Nov 2008 15:55:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7847</guid>
		<description>Johnny Norfolk, 
 
David Cameron showed his mettle throughout Channel 4&#039;s overtly aggressive interview after the Tory Conference.   He&#039;s done likewise in Parliamentary debates.   Brown&#039;s ignored his 1p tax cut and VAT freeze proposals to assist small businesses.  Brown hitched a ride on Cameron&#039;s NICE proposals. 
 
Brown&#039;s focus is appeasing voters as opposed to long term proposals to rectify the historic, financial disasters he created. 
He&#039;s grown used to raiding pension funds and leeching off taxpayers to fund lucrative &#039;closed shop privatization of Britain&#039;. 
 
Nulabor in truth loathes democracy;  the first government to waste billions of taxpayers hard earned money on manipulative/brainwashing TV mockumentaries and 24/7 IT monitoring spyware.   British citizens are the most &#039;spied upon&#039;  in the EU. </description>
		<content:encoded><![CDATA[<p>Johnny Norfolk, </p>
<p>David Cameron showed his mettle throughout Channel 4&#039;s overtly aggressive interview after the Tory Conference.   He&#039;s done likewise in Parliamentary debates.   Brown&#039;s ignored his 1p tax cut and VAT freeze proposals to assist small businesses.  Brown hitched a ride on Cameron&#039;s NICE proposals. </p>
<p>Brown&#039;s focus is appeasing voters as opposed to long term proposals to rectify the historic, financial disasters he created.<br />
He&#039;s grown used to raiding pension funds and leeching off taxpayers to fund lucrative &#039;closed shop privatization of Britain&#039;. </p>
<p>Nulabor in truth loathes democracy;  the first government to waste billions of taxpayers hard earned money on manipulative/brainwashing TV mockumentaries and 24/7 IT monitoring spyware.   British citizens are the most &#039;spied upon&#039;  in the EU.</p>
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		<title>By: APL</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7846</link>
		<dc:creator>APL</dc:creator>
		<pubDate>Mon, 10 Nov 2008 15:46:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7846</guid>
		<description>Mikestallard: &quot;I don&#8217;t think the government ought to be allowed to fly Jumbo jets or design ladies&#8217; clothes either, actually.&quot; 
 
Really, I thought fatty P from Hull would be a shoe in for that one. 
By the way, if he really was suffering from bulemia, wasn&#039;t he just a tad oversized? 
 
Acorn: &quot;Just how much debt can our government take on before the bond markets and those that insure holders of those bonds start to think things are starting to get; err; just a little bit tricky over in dear old UK.&quot; 
 
This is called Stress testing, Gordon has so much confidence in the strength of the british economy after ten years as chancellor and who knows how long as PM but it seems like ten years already. He is sure he can test it to destruction !* :-0 
 
Amanda: &quot;What came next, I&#8217;ve forgotten? What do we need to swallow to catch the spider?&quot; 
 
In that case we have already swollowed a fly, next, I think a bird. But it is probably long past that stage, the old lady didn&#039;t ever get past a horse did she? I wonder if she lived in Threadneedle street? 
 
Johnny Norfolk: &quot;I just wish the Tory party was on the attack about all this. &quot; 
 
If they are not Mr Norfolk, what is the Tory party for? 
 
Johnny Norfolk: &quot;Our Tory party is far to timid.&quot; 
 
Yes they are. So they are not on the attack! </description>
		<content:encoded><![CDATA[<p>Mikestallard: &quot;I don&rsquo;t think the government ought to be allowed to fly Jumbo jets or design ladies&rsquo; clothes either, actually.&quot; </p>
<p>Really, I thought fatty P from Hull would be a shoe in for that one.<br />
By the way, if he really was suffering from bulemia, wasn&#039;t he just a tad oversized? </p>
<p>Acorn: &quot;Just how much debt can our government take on before the bond markets and those that insure holders of those bonds start to think things are starting to get; err; just a little bit tricky over in dear old UK.&quot; </p>
<p>This is called Stress testing, Gordon has so much confidence in the strength of the british economy after ten years as chancellor and who knows how long as PM but it seems like ten years already. He is sure he can test it to destruction !* :-0 </p>
<p>Amanda: &quot;What came next, I&rsquo;ve forgotten? What do we need to swallow to catch the spider?&quot; </p>
<p>In that case we have already swollowed a fly, next, I think a bird. But it is probably long past that stage, the old lady didn&#039;t ever get past a horse did she? I wonder if she lived in Threadneedle street? </p>
<p>Johnny Norfolk: &quot;I just wish the Tory party was on the attack about all this. &quot; </p>
<p>If they are not Mr Norfolk, what is the Tory party for? </p>
<p>Johnny Norfolk: &quot;Our Tory party is far to timid.&quot; </p>
<p>Yes they are. So they are not on the attack!</p>
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		<title>By: R.Rowan</title>
		<link>http://johnredwoodsdiary.com/2008/11/10/lets-borrow-more-to-cut-borrowing-2/#comment-7845</link>
		<dc:creator>R.Rowan</dc:creator>
		<pubDate>Mon, 10 Nov 2008 14:48:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2032#comment-7845</guid>
		<description>Well said John but when is Osbourne going into attack dog mode instead of his cuddly little speeches that lack bite,the best thing I have seen is the Conservative home video on Brown enjoying his recession. We need more of these type of attacks to regain the momentum along with sound policies on how we intend to solve the problem. </description>
		<content:encoded><![CDATA[<p>Well said John but when is Osbourne going into attack dog mode instead of his cuddly little speeches that lack bite,the best thing I have seen is the Conservative home video on Brown enjoying his recession. We need more of these type of attacks to regain the momentum along with sound policies on how we intend to solve the problem.</p>
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