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howard
24 Sep 26 08:52
Joined:
Date Joined: 09 Mar 03
| Topic/replies: 70,805 | Blogger: howard's blog
https://www.bbc.co.uk/news/articles/c920vy2jxle8o


Don't you just buy your mate food  or whatever he wants and he gives you the cash ?
Pause • Switch to Standard View Tories "back to work " benefits card...
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Report 1st time poster • September 24, 2026 9:09 AM BST
bookmakers queuing up outside no 10 to volunteer for a tax increase Laugh
wonder what % of £ in a FOBT or a PUB TILL is BENEFIT £ ?
Report Grenade1972 • September 24, 2026 9:11 AM BST
No booze, no cash payments. Lovely lot the Tories.
Report aberdonia • September 24, 2026 11:19 AM BST
i thought the tories were all about freedom of choice......bloody socialists telling folk what to do.
Report howard • September 24, 2026 11:26 AM BST
I wonder if you can buy a ticket for the Accrington Stanley match
Report 1st time poster • September 24, 2026 12:33 PM BST
now the loony ighnorant of racing/punting  kemi has stepped down the bookmaking rabbit hole,you just no she,ll now be lobbied by those in horse racing, some bookies before the next GE and this policy will be refined so benefit £ will not allowed to be used on FOBT,/caino games but ok to  be used for horses racing/sorts betting,the same FOBT,s that todays she,s camaigning not to be  taxed more
Report Busyfool • September 24, 2026 1:22 PM BST
Grenade1972 Joined: 02 Apr 25
Replies: 28124 Sep 26 09:11 
No booze, no cash payments. Lovely lot the Tories



this is the twerp that started a thread celebrating the sudden and early death of someone and called him a c

not quite so lovely himself
Report bettinghelp • September 24, 2026 2:40 PM BST
Middle aged adults loitering outside off-licenses waiting to ask teenagers to buy booze for them.

The times they are a-changin'
Report HoratioNelson • September 24, 2026 2:48 PM BST
pandora will be raging
Report ALIEN SEX FIEND • September 24, 2026 2:57 PM BST
Gimmick, get the sentiment, however as already said and on various networks, they will get friends to buy it.
Report ALIEN SEX FIEND • September 24, 2026 2:58 PM BST

Sep 24, 2026 -- 2:40PM, bettinghelp wrote:


Middle aged adults loitering outside off-licenses waiting to ask teenagers to buy booze for them.The times they are a-changin'


Laugh

Report jamee1 • September 24, 2026 3:04 PM BST

Sep 24, 2026 -- 2:40PM, bettinghelp wrote:


Middle aged adults loitering outside off-licenses waiting to ask teenagers to buy booze for them.The times they are a-changin'


Laugh

Report ----you-have-to-laugh--- • September 24, 2026 4:50 PM BST
Pop down the unlicensed bookies bet yer benefits
card on fav at newmarket

Win 2 benefits cards,

KERCHING...
Report sageform • September 24, 2026 5:15 PM BST
Won't work as pointed out by others but lets be clear. It is not their money. It is the taxpayers who supply the cash for benefits.
Report CLYDEBANK29 • September 24, 2026 5:36 PM BST
It's the government and the public that provide the infrastructure to taxpayers to make money.
Report CLYDEBANK29 • September 24, 2026 5:38 PM BST
Just like how Betfair works
Report 1st time poster • September 24, 2026 7:50 PM BST
if as the argument goes the state pension is your right because youve paid for it with ni contributions
how many yrs  of job seekers allowance have you earned with 30 yrs of tax for example ?

and this is the really laughable bit,tory minister is possibly very shortly going to face jail,becasuse he was found guilty of taking his taxpayer funded wage and using it to bet on date of GE using inside info given to him by the taxpayer paid uk PM LaughLaugh
Report saddo • September 24, 2026 8:07 PM BST
Why pick 30 years? Why not five, or never worked at all?
Report leif • September 24, 2026 9:41 PM BST
^^^
agree to an extent.
When I was young it was a stigma relying on benefits.
Nowadays, and been like it for a while, it's a lifestyle with the challenge of how much can you rinse out of the taxpayer.
Take daytime television off the air. Might encourage the layabouts to look for work (work being something that can occupy their lives instead of being a couch potato getting obese and diabetic, alongside developing 'mental illness' brought on by living a life of a benefit ponce and layabout.
Report saddo • September 25, 2026 10:04 AM BST
YouTube has significantly more viewers in the UK than traditional daytime TV.
It won't be long before the TV licence fee is replaced by an internet tax.
Report spyker • September 25, 2026 10:23 AM BST
Thank god I can still spend my pip on my smack and crack without the tories stepping in.
Report sageform • September 25, 2026 11:04 AM BST
and even my pension (which I have of course paid for).
Report howard • September 25, 2026 11:42 AM BST
...."but lets be clear. It is not their money"      As soon as the benefit is legally in your bank account it is YOUR money.  Think you will pay less tax if there's no unemployed ?
Report Cider • September 25, 2026 1:03 PM BST
That the point isn't it. The government takes money off of one person and hands it to another. Under the theory that the recipient needs it to survive [not for gambling or weed]

The Labour government is borrowing £billions per MONTH. Half of that is just to service its existing debt pile Laugh
Report Cider • September 25, 2026 1:04 PM BST
UK Government borrowing rose in August to the second-highest level for the month on record, coming in above forecasts and piling pressure on Chancellor John Healey ahead of his first autumn Budget, figures show.

Public sector net borrowing rose to £18.3 billion in August, which was £3.5 billion more than what official Government forecasters had been expecting, the Office for National Statistics (ONS) said.
Report Cider • September 25, 2026 1:09 PM BST
I'd estimate 10% of this forum have a good grasp of what goes on in regard to fiscal policy, borrowing, benefits policy et al.

You can half that for the general public, aside from how to maximise their own benefit claims.

The amount of people that believe there actually is a magic money tree, 50%+
Report Busyfool • September 25, 2026 1:22 PM BST
healey will follow his namesake to the imf when we crash n burnham because the bugtank backbenchers wont have any reduction of the barmy benefits bill

cancel hs2. its a white elephant already

the bbc licence fee is an anachronism and it should be funded by subscription to whatever decent progs it still makes, if there are any
Report howard • September 25, 2026 1:24 PM BST
"I'd estimate 10% of this forum have a good grasp of what goes on in regard to fiscal policy, borrowing, benefits policy et al....You can half that for the general public


You really think the % of bright people on the forum  is twice that of the general public. Laugh
Report Cider • September 25, 2026 1:26 PM BST
In regards to those topics. Gambling on horse racing is tilted to being somewhat numerate.
Report Busyfool • September 25, 2026 1:28 PM BST
but not literate

its halve
Report Cider • September 25, 2026 1:33 PM BST
The level of general financial know-how is genuinely shocking. At least in my experience. I work in accounting and so many of my colleagues are unaware of basics such as pensions and savings accounts.

You only need to watch one of those Martin Lewis shows. The government had to ruin the domestic energy market, as searching and switching to lower costs suppliers was beyond much of the general public.
Report Cider • September 25, 2026 1:36 PM BST
its halve

The pedants inevitably do it to themselves Laugh
Report 1st time poster • September 25, 2026 1:51 PM BST
6.7 million adults not in work
if all 6.7 million decided they wanterd to start work on mon,you,d have to beg 6 million of them to stay out of the workplace as currently theres only 750,000 job vaccancies,and they,ll include 10,s of 1000,s in the public sector paid for by the taxpayer
the maffs aint maffing
Report Busyfool • September 25, 2026 1:59 PM BST
thats hardly pedantic. it was pertinent and mildly amusing

martin lewis makes more of a programme than a show, which is light-hearted amusing or drama
Report Cider • September 25, 2026 2:03 PM BST
Pretty amusing that you posted five words about literacy, and one of them demonstrated your lack of it Grin
Report Cider • September 25, 2026 2:12 PM BST

Sep 25, 2026 -- 1:51PM, 1st time poster wrote:


6.7 million adults not in workif all 6.7 million decided they wanterd to start work on mon,you,d have to beg 6 million of them to stay out of the workplace as currently theres only 750,000 job vaccancies,and they,ll include 10,s of 1000,s in the public sector paid for by the taxpayerthe maffs aint maffing


The foreign-born population rose from about 10.7 million to 13.1 million between the last census (in March 2021 for England, Wales and Northern Ireland, and March 2022 for Scotland), and June 2024. As a result, the non-UK-born now make up 19% of the population.

Report Busyfool • September 25, 2026 2:13 PM BST
it did not

stop wriggling
Report Cider • September 25, 2026 2:14 PM BST
Quite extraordinary numbers I think you'll agree, 1st timer. Not in a good way.
Report Cider • September 25, 2026 2:19 PM BST
The number one rule, if you're going to randomly snipe about someone's grammar, is to get it right yourself, when sniping. Otherwise, it's fairly embarrassing. Or should that be, its ;)
Report Busyfool • September 25, 2026 2:31 PM BST
it is not any rule and your use of comas is a grammatical solecism

its not embarrassing in the least. ewe fink im unawear?

i disdain literary convention when engaging in frivolous epistolary activity on a platform where the majority are partially or wholly unawhere of all but the most egregious errors

also, i cant be @rsed, its so trivial
Report Cider • September 25, 2026 2:36 PM BST
not bovvered, but still wittering on about it over an hour later. bovvered, not bovvered :)
Report CLYDEBANK29 • September 25, 2026 2:41 PM BST
It doesn't matter if there is unlimited money.  Money has no intrinsic value.  It just competes to buy available goods and services.   What matters is distribution.
Report Busyfool • September 25, 2026 2:41 PM BST
course not. just give it up then

neither is i. you prolonged this babble unnecessarily

i note youve swapped smilies for cymbals
Report CLYDEBANK29 • September 25, 2026 2:42 PM BST
and how distribution effects quality of life and production
Report Busyfool • September 25, 2026 2:43 PM BST
why does its distribution matter?
Report Cider • September 25, 2026 2:58 PM BST
Fiat money now relies on goodwill.

On a £20 note, the monarch states I PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF TWENTY POUNDS

What does that mean nowadays. Bugger all. Currency used to be backed by something tangible.

It should reflect value, ie cash facilitates the exchange of value between two parties. What's the difference between money printed by the royal mint or hasbro. Not a lot, beyond goodwill and faith.

They can print (or digitally create) as much sterling as they want. It doesn't increase the underlying value of the goods and services it's supposed to represent. The definition of devaluation.
Report Cider • September 25, 2026 3:00 PM BST
It does make physical, tangible assets rather appealing.
Report 1st time poster • September 25, 2026 3:01 PM BST
half of the £324BN welfare bill is spent on OAP,s, £146BN of it  on the state pension, its an aging populations thats spending all the £, with AI coming down the tracks eating job a it does, with an aging population  the 7,6 million adults not working number  will only get bigger
Report howard • September 25, 2026 3:04 PM BST
don't worry. war coming.
Report Cider • September 25, 2026 3:05 PM BST
The state pension is money well spent. On the people that worked for 35-40 years accumulating their right to it via full time working.

Out of the vast selection of government waste to choose from, the SP is very low down.

I'm not opposed to a tweaking of it.
Report CLYDEBANK29 • September 25, 2026 3:05 PM BST
The economic argument is that it matters because the very wealthy only spend a tiny fraction of their wealth.  The more evenly spread money is, the more money that is spent, and the more that is produced to meet that demand.  Asset prices increase because the very wealthy buy them up with the money they are not spending.  The argument is that this is an increasing spiral.  That argument is backed up by growth rates and asset prices in OECD countries over the last 80 years.

The social argument is that it means less power in a few people's hands = less corruption and leaves the majority of people happier and healthier and with more equal opportunities.  If there was one person who owned everything is the extreme example.

Russia is a prime example of where almost everything is owned by a tiny handful of corrupt people.  The US is heading that way
Report howard • September 25, 2026 3:06 PM BST
just which type comes firstWink
Report Cider • September 25, 2026 3:08 PM BST
That's velocity, not distribution.

Increased taxes cause a slow down in velocity. Stamp duty is prime example.
Report Cider • September 25, 2026 3:11 PM BST
Literally if they decreased VAT for example, it would increase activity.

But the people doing what they are doing know what they are doing and why they are doing it. They aren't stupid. The slow destruction and managed decline is very much deliberate.

The foreign-born population rose from about 10.7 million to 13.1 million between the last census (in March 2021 for England, Wales and Northern Ireland, and March 2022 for Scotland), and June 2024. As a result, the non-UK-born now make up 19% of the population.
Report saddo • September 25, 2026 3:11 PM BST
People will be more willing to fight a civil one than the other, howard.
Report CLYDEBANK29 • September 25, 2026 3:14 PM BST
When I was a young man I bought into the argument of trickle down economics, but history has proven that it's BS.
Report Cider • September 25, 2026 3:19 PM BST
It's not an argument. Quite obviously if there is more buying and selling of properties, it leads to economic activity not directly related to the property ownership exchange.

I genuinely think some people reckon trickle down economics means people who don't do anything will become more affluent. Well, not really. It would help you, in my example, if you had the gumption to start a removals business. But sitting on your arse watching Netflix, not so much.
Report Busyfool • September 25, 2026 3:22 PM BST
very wealthy cant spend it. they can lose it. or they can do what many in the u.s. do and turn to philanthropy, an alien concept in other places, but thats another story

if it was all spread out evenly it might not be possible fro anyone to spend anything, although im speculating. also if it was likely to be spread it wouldnt exist as there would be the incentive to acquire it in the first place and nobody would have any to splurge

economic and social arguments are aren to be treated witth deep scepticism. not for nothing is economics known as the dismal scoence. economists make astrologers look good

the u.s. accumulation of wealth isnt corrupt. its derived by free markets, razor-sharp competition, robust law of contract and intellectual property and the ability to make stuff people desire

russia produces nothing (what have you ever bought that was russian-made?)and its is based on theft. big difference
Report CLYDEBANK29 • September 25, 2026 3:26 PM BST
If the UK prints loads of money, inflation rises massively and the £ is devalued, so that it buys the same number of global goods and services as before.  It's worse than that ofc because inflation lads to instability and lack of investment.

If actual money mattered rather than distirbution, then I could just print myself billions of counterfeit pound notes.  Would that be good for the economy or not?
Report CLYDEBANK29 • September 25, 2026 3:28 PM BST
In my example suppose that no one ever knew I'd printed myself billions of counterfeit currency.  Is that good for the economy or not?
Report Cider • September 25, 2026 3:31 PM BST
That doesn't make any sense. But obviously people who have a lot of assets valued in sterling can easily realise the value in another currency.
Report Cider • September 25, 2026 3:35 PM BST
You want people who have lots of assets in sterling keep them in sterling. I do agree they should be incentivised to utilise/deploy them. Or government actively encourages people to either sell sterling assets or hoard them, as if they try to use them, they are heavily scalped.
Report Cider • September 25, 2026 3:36 PM BST
'Our' government
Report CLYDEBANK29 • September 25, 2026 3:45 PM BST
I just want an answer to this question..

In my example suppose that no one ever knew I'd printed myself billions of counterfeit currency.  Is that good for the economy or not?

Good for the UK economy?  Good for the World Economy?
Report Cider • September 25, 2026 3:47 PM BST
Like I said, it makes no sense. Under the assumption that nobody will treat it as genuine money, it's completely irrelevant.
Report Busyfool • September 25, 2026 3:51 PM BST
sterlings association with silver and its implied worth is on the way to being a misnomer given whats coming down the track
Report Busyfool • September 25, 2026 3:51 PM BST
north korea does exactly that
Report Cider • September 25, 2026 3:52 PM BST
You could of course use crypto as an example, as enough people put faith in it to make it have a value in fiat currency.

Crypto is a theoretical threat to the fiat cash house of cards.
Report CLYDEBANK29 • September 25, 2026 3:54 PM BST
No one can answer the question then?
Report CLYDEBANK29 • September 25, 2026 3:58 PM BST
It's not a simple question imo.  But I'd have thought it should be a straight forward answer for many.
Report CLYDEBANK29 • September 25, 2026 3:59 PM BST
One valid answer would be it depends what I did with the money.
Report Cider • September 25, 2026 4:00 PM BST
Pretty difficult to answer in the way you are asking, as the premise is fundamentally flawed. If you print pictures of banknotes on your HP, it makes no tangible difference to anyone. Perhaps your paper supplier, ink supplier, electricity provider. Currys if you need a new printer.
Report Cider • September 25, 2026 4:01 PM BST
Negligible impacts. Your real money is probably most impacted, depending on the volume of printing.
Report CLYDEBANK29 • September 25, 2026 4:12 PM BST
I'll reframe the question but it makes no difference.  Suppose I bought thousands of Bitcoins at £1 each on inception, I'd lost my code, until yesterday.  Now my Bitcoin is worth £100Bn.  Is that good for the economy or not?
Report CLYDEBANK29 • September 25, 2026 4:21 PM BST
and also assume that I've only moved to the UK after realising my bitcoin profits
Report Busyfool • September 25, 2026 4:23 PM BST
not as bad as the uk govt.

100 billion is about what we are spending interest
Report CLYDEBANK29 • September 25, 2026 4:26 PM BST
I don't pay any UK tax because my wealth is sat in offshore holding accounts
Report CLYDEBANK29 • September 25, 2026 4:27 PM BST
How much of that £100bn am I going to spend on UK goods and services?
Report Busyfool • September 25, 2026 4:34 PM BST
as you are a scot, not much

its hard to spend that much on just about anything, unless you are a pothouse gamboller

on a basic assumption, if tons of snidey moolah is sloshing around, the spend on goods and services would produce inflation as the resulting scarcity would push up prices. i dunno. not my scene. too dull
Report CLYDEBANK29 • September 25, 2026 4:39 PM BST
Exactly my point.  That is why distribution matters.
Report Cider • September 25, 2026 4:45 PM BST
Wealth doesn't work like that. Nobody has £100Bn in an offshore account and leaves all of their wealth in cash.

What you would do though is hire expensive advisers and you would take your wealth where you could retain most of it, and eventually pass it on to your benefactors.

Which would mean the UK was near the foot of the possible options.
Report Cider • September 25, 2026 5:08 PM BST
It's a completely unrealistic hypothetical, obviously. But if you converted BTC to sterling, the person or people that had that assumed value in sterling have passed it to you.

It depends upon how your portfolio is constructed, and the performance, but someone or people will get fees for managing it. Assuming you are mortal, it will be passed on to your beneficiaries. The impact of that depends up the jurisdiction.

It does happen like that in the real world. Billionaires spend an awful lot of money, and pay an awful lot of tax. Plenty of the mega rich 'lose' it all.
Report Cider • September 25, 2026 5:09 PM BST
fecking forum, doesn't happen like that.
Report Cider • September 25, 2026 5:10 PM BST
As I just watched a race in Listowel, think JPM. And how much he spends on his jump racing hobby.
Report CLYDEBANK29 • September 25, 2026 9:07 PM BST
JPM hasn't paid tax in Ireland since 1995.  He's based in Switzerland
Report leif • September 25, 2026 9:10 PM BST
What has Macca got to do with getting layabouts back to work?
Report CLYDEBANK29 • September 25, 2026 9:12 PM BST
Switzerland has mandatory wealth taxes.  Not sure how that works for JPM.  Probably not very effectively
Report CLYDEBANK29 • September 25, 2026 9:25 PM BST
According to th elatest study I've jus made up he reduces the number of layabouts in the UK by 2 thanks to Henderson on Jonjo employing 1 extra person each.
Report leif • September 25, 2026 9:40 PM BST
The money/power game is ****, and as George Carling used to say,
"It's one big big club, and you ain't in it"
Report Cider • September 25, 2026 9:50 PM BST
In fact the entire horse racing industry is pretty much 'trickle down'.
Report leif • September 25, 2026 11:20 PM BST
The 'creation of money' into circultion not taught in schools for hundreds of years.
Fractional reserve banking, 'money' created and circulated as debt.
You sign a mortgage agreement - Is it your signature that creates the loan, or does the lender have it in reserve?
I deposit a tenner's worth of gold with you, youz realise I'm unlikely to ask for it back for many a year so you lend as the banker 10 x the value of it to 'other' lenders and charge 10% interest on every other tenner you lend.
Report leif • September 25, 2026 11:21 PM BST
circulation*
Report Cider • September 26, 2026 8:42 AM BST
Nothing unusual about that.

Gordon Brown and other politicians cheated the system by 'creating' money and lending it out at effective negative borrowing rates.

They got away with it as the pain it creates comes much further down the line, when borrowing rates normalise, and inflation catches up.
Report howard • September 26, 2026 12:13 PM BST
Britain's benefits bonanza has worsened since Labour swept to power, with a car scheme handing 13,000 premium motors to claimants last year.

New analysis exposes the sheer scale of the handouts, with 3.23 million people now claiming Personal Independence Payments (PIP) even as taxes sit at their highest level since WW2.

The high-end cars dolled out to claimants include Mercedes, BMWs and Audis, and four in every five PIP claimants also trouser a mobility handout worth between £30.30 and £80 a week.   Laugh
Report CLYDEBANK29 • September 26, 2026 12:33 PM BST
The PIP scheme is broken but this "even as taxes sit at their highest level since WW2." is deliberately complete BS.  Top rates of tax were 90%+ in the US and UK in the 50s.

It doesn't matter what the tax rates are for the super rich though.  They don't pay tax.  All their money is in offshore holding accounts and current tax law doesn't address it.
Report CLYDEBANK29 • September 26, 2026 12:35 PM BST
And if that is clearly complete BS, I suspect the other figures are too.
Report formoftheace • September 26, 2026 12:37 PM BST
Hotel Britannia.
Report Cider • September 26, 2026 1:05 PM BST
The PIP scheme is broken but this "even as taxes sit at their highest level since WW2." is deliberately complete BS.  Top rates of tax were 90%+ in the US and UK in the 50s.


This calculation is the tax take out of THE WHOLE ECONOMY. Not about bespoke rates.

Of the top of my head, it is pushing 40%

Not from 'professional' gamblers, obviously :)
Report Cider • September 26, 2026 1:06 PM BST
Or PIP claimants, since that is handed out tax free and not means tested Laugh
Report Cider • September 26, 2026 1:08 PM BST
Here you go. From the horse's mouth...

In 2025/26, UK government raised around £1,232 billion (£1.232 trillion) in receipts – income from taxes and other sources. This is equivalent to around 40% of the size of the UK economy, as measured by GDP. Receipts were last consistently around 39%-40% of GDP in the early-1980s.


https://commonslibrary.parliament.uk/research-briefings/cbp-8513/
Report Cider • September 26, 2026 1:14 PM BST
Yes, it is a joke. Over one thousand £billions collected in tax each year. And they still need to borrow even more every single month to just pay the interest on existing debt, to remain solvent.

In the real world, only degenerates borrow more money to service the interest on existing borrowing. So, degenerates and the government.

Yes, you'd be forgiven for thinking it is deliberate. As it is.
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