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Sephiroth 30-07-2019 20:01

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36004571)
I don't get the entire point of the discussion if just taking on debt counts as being costed.

What's a mortgage, then?

jfman 30-07-2019 20:22

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004569)
But surely the meaning of "fully costed" is open to interpretation. Like when they costed it, they thought it was fully costed but the out-turn was different hence deficit.

Calling OB a liar isn't right at all.

I think it's entirely unreasonable that any person or of average intelligence would describe consistently spending more than you earn as "fully costed'.

---------- Post added at 19:22 ---------- Previous post was at 19:20 ----------

Quote:

Originally Posted by Sephiroth (Post 36004574)
What's a mortgage, then?

A mortgage is debt to fund the purchase of an asset. I'd say consistently borrowing to fund your annual expenditure is more like a payday loan.

Sephiroth 30-07-2019 20:34

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by jfman (Post 36004576)
I think it's entirely unreasonable that any person or of average intelligence would describe consistently spending more than you earn as "fully costed'.

---------- Post added at 19:22 ---------- Previous post was at 19:20 ----------



A mortgage is debt to fund the purchase of an asset. I'd say consistently borrowing to fund your annual expenditure is more like a payday loan.

We can go on all day. So I'll just agree to differ.

Meanwhile sit back and watch the Boris show.

jfman 30-07-2019 20:40

Re: [Update 2] PM Boris forms a government
 
Oh I enjoy car crash television as well.

heero_yuy 30-07-2019 20:58

Re: [Update 2] PM Boris forms a government
 
Quote:

Quote from jfman:Oh I enjoy car crash television as well.
Diane Abbot. :D

jfman 30-07-2019 20:59

Re: [Update 2] PM Boris forms a government
 
Facepalm :D

Damien 30-07-2019 21:10

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004574)
What's a mortgage, then?

As has been mentioned taking on debt to fund an asset, especially one which creates further value, is different to taking on debt to sustain day to day spending.

Taking on debt to fund investment in infrastructure is not what New Labour are criticised for. It was funding annual spending via increasing deficits. This was the 'bad state of the economy' people are referring too likewise when they say Labour didn't 'fix the roof whilst the run was shining'. The whole justification for austerity and the central project of the Conservative Government from 2010-2016 was to eliminate the deficit.

When people say 'balance the books' they mean the budget and not investment in things like HS2.

If Boris Johnson intends to fund social care via running higher deficits then this isn't a costed proposal, this isn't balancing the books and it is ultimately kicking the bill down the road until it's picked up by future governments.

If you count that as 'costed' then fine but it makes the discussion pointless because ultimately everything we spend will be funded by debt and the entire argument OB was making about the Labour government is undermined.

(There is an argument that running permeant deficits is sustainable so long as the economy grows faster but that's more a lefty vision of the world ;) )

Sephiroth 30-07-2019 21:26

Re: [Update 2] PM Boris forms a government
 
I think that Boris understands how creating wealth ultimately funds improved public services. I hope he knows how to do this.

Hugh 30-07-2019 21:37

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004589)
I think that Boris understands how creating wealth ultimately funds improved public services. I hope he knows how to do this.

Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.

The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.

1andrew1 30-07-2019 21:38

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004589)
I think that Boris understands how creating wealth ultimately funds improved public services. I hope he knows how to do this.

If his experience with the garden bridge, Routemasters and the cable car is anything to go by, then I'm afraid the answer is just two letters long.

Dave42 30-07-2019 22:27

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Hugh (Post 36004591)
Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.

The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.

exactly it trickle up economics that's what tories are best at making the rich more richer

Maggy 30-07-2019 22:39

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Hugh (Post 36004591)
Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.

The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.

:tu:

Pierre 30-07-2019 23:05

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36004585)
As has been mentioned taking on debt to fund an asset, especially one which creates further value, is different to taking on debt to sustain day to day spending.

Borrow to invest - is the road to success.

Borrow to spend - is the road to the end.

denphone 31-07-2019 06:53

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Hugh (Post 36004591)
Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.

The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.

+1

Mr K 31-07-2019 08:44

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Hugh (Post 36004591)
Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.

The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.

You could write the Tory manifesto Hugh ! ;) Will you be out campaigning for Bozza when the GE comes ?

Sephiroth 31-07-2019 10:12

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by 1andrew1 (Post 36004592)
If his experience with the garden bridge, Routemasters and the cable car is anything to go by, then I'm afraid the answer is just two letters long.

It is sad that this is the best you can do - just snipe using irrelevancies to the case in point.

I'm no Boris fan and I hope that his advisers are guiding him soundly, but I do at least give him credit for understanding the core principle of creating wealth.

Hugh 31-07-2019 10:24

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004613)
It is sad that this is the best you can do - just snipe using irrelevancies to the case in point.

I'm no Boris fan and I hope that his advisers are guiding him soundly, but I do at least give him credit for understanding the core principle of creating wealth.

Which is?

And creating wealth for who?

For instance, the people who own Wal-Mart are wealthy, but their workers need food stamps...

Carth 31-07-2019 11:03

Re: [Update 2] PM Boris forms a government
 
Why bother creating 'wealth' when it gets spent on crap?

This brilliant high speed rail link will cost £billions, but the NHS is falling apart and schools are going bankrupt :rolleyes:

Sephiroth 31-07-2019 17:08

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Hugh (Post 36004615)
Which is?

And creating wealth for who?

For instance, the people who own Wal-Mart are wealthy, but their workers need food stamps...

Oh please - you are just being difficult. You’ve introduced another irrelevancy.

Mr K 31-07-2019 17:21

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004637)
Oh please - you are just being difficult. You’ve introduced another irrelevancy.

What ? The 'not we' poor people ?

Hugh 31-07-2019 18:34

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004637)
Oh please - you are just being difficult. You’ve introduced another irrelevancy.

OK, I'll keep it simple - you said "I do at least give him credit for understanding the core principle of creating wealth."

What is the core principle of creating wealth?

Sephiroth 31-07-2019 19:44

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Hugh (Post 36004640)
OK, I'll keep it simple - you said "I do at least give him credit for understanding the core principle of creating wealth."

What is the core principle of creating wealth?

If you don't know then I'm not going to tell you. You're only trying to trip me up. But the clue is tax receipts from all sources.

Hugh 31-07-2019 20:09

Re: [Update 2] PM Boris forms a government
 
OK, then...

I thought it was creating markets for goods and services that people want and can afford, and also ensuring people earn/keep enough to recycle their earnings by purchasing goods and services, but also pay their fair share of taxes to support the things we value in society.

Depends if one means wealth for individuals or a wealthy society, which isn’t solely monetary...

Mobes 31-07-2019 23:08

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Pierre (Post 36004599)
Borrow to invest - is the road to success.

Borrow to spend - is the road to the end.

I'd love you to give an example of each and tell us how it's fundamentally different. I bet you can't :)

jfman 31-07-2019 23:28

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Mobes (Post 36004650)
I'd love you to give an example of each and tell us how it's fundamentally different. I bet you can't :)

It’s a simplistic two liner but the underlying fundamentals are quite true. Borrowing long term to meet day to day, month to month expenditure is more problematic than borrowing to “invest” in for example infrastructure projects that will yield long term economic benefits.

£30bn on the right infrastructure project (e.g. HS2 - note I’m not saying that is the right one it’s only an example) could employ thousands of people directly, tens of thousands more in the areas around construction. Many will be highly paid, skilled and relatively stable jobs. If the project reduces the costs to business, takes pressure off housing in the south east then it could yield benefits realised in the long term far in excess of £30bn. It has to be the right project though and not a big damp squib.

Note it's going to be easy to criticise the above specific to HS2 which is why I'm specifically not defending it.

Pierre 01-08-2019 13:24

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Mobes (Post 36004650)
I'd love you to give an example of each and tell us how it's fundamentally different. I bet you can't :)

I'd love to but JFman did it for me.

Borrow money to just pay directly for public services and you'll always be borrowing that money.

Borrow to invest in projects, that increase productivity, create jobs and strengthen the economy, and you'll raise taxes to pay for your public services and pay of the debt that you borrowed.

jfman 01-08-2019 22:53

Re: [Update 2] PM Boris forms a government
 
I don't often agree with Pierre ;)

You could borrow your way out the troughs in an economic cycle but that's a careful calculation and by exception.

tweetiepooh 02-08-2019 11:15

Re: [Update 2] PM Boris forms a government
 
Don't borrow on anything that doesn't (normally) appreciate. Good for personal as well as national finances. The difference is you can choose not to get that new ?? and make do but nationally you are choosing for others.

The problem is the holes are nearly all "infinite". No matter how much you spend, someone will miss out. Projects nearly all over run or cost too much, usually because they aren't managed well and there are too many fingers in the pie looking out for their own interests.

When it comes down to it, our leaders have forgotten that they are really our servants.

Sephiroth 02-08-2019 18:29

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by tweetiepooh (Post 36004762)
<SNIP>

When it comes down to it, our leaders have forgotten that they are really our servants.

Ah - yes.

ianch99 02-08-2019 19:10

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by tweetiepooh (Post 36004762)
Don't borrow on anything that doesn't (normally) appreciate. Good for personal as well as national finances. The difference is you can choose not to get that new ?? and make do but nationally you are choosing for others.

The problem is the holes are nearly all "infinite". No matter how much you spend, someone will miss out. Projects nearly all over run or cost too much, usually because they aren't managed well and there are too many fingers in the pie looking out for their own interests.

When it comes down to it, our leaders have forgotten that they are really our servants.

Not true. Investment, underwritten by borrowing, invariably applies to "assets" that do not "appreciate" as you put it. Investing to improve the NHS, for example, does not lead to an appreciating asset in the way you have alluded to.

The mistake is to transpose maxims applying to personal finance to the national macro-economic stage ..

---------- Post added at 18:10 ---------- Previous post was at 18:08 ----------

Quote:

Originally Posted by Sephiroth (Post 36004780)
Ah - yes.

They have not forgotten. They know *exactly* who they are responsible to ... and it is not the vast majority of people in this country.

OLD BOY 02-08-2019 20:36

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by ianch99 (Post 36004784)
Not true. Investment, underwritten by borrowing, invariably applies to "assets" that do not "appreciate" as you put it. Investing to improve the NHS, for example, does not lead to an appreciating asset in the way you have alluded to.

The mistake is to transpose maxims applying to personal finance to the national macro-economic stage .

I think you need to think more deeply than this. For example, you say that investing in the NHS does not lead to an appreciating asset. Yet in believing that, you are completely ignoring the loss of productivity resulting from delays in treatment by the NHS and the decline in the nation's health resulting from delayed treatments and a lack of availability of appropriate remedial treatments. If you are relatively healthy and have not had to rely on their responses, you are likely to be completely ignorant of the problems patients face with its inefficiency.

I appreciate that many socialists don't like the comparisons between managing household budgets and the management of the national economy, but the same general principles apply.

---------- Post added at 19:36 ---------- Previous post was at 19:32 ----------

Quote:

Originally Posted by ianch99 (Post 36004784)
They have not forgotten. They know *exactly* who they are responsible to ... and it is not the vast majority of people in this country.

On the contrary, MP's are responsible to their (whole) electorate.

Pierre 02-08-2019 20:38

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by ianch99 (Post 36004784)
Not true. Investment, underwritten by borrowing, invariably applies to "assets" that do not "appreciate" as you put it. Investing to improve the NHS, for example, does not lead to an appreciating asset in the way you have alluded to.

Any investment in the NHS will only serve to lessen the amount you may have to spend on the NHS. Which is a good thing, but to pay for the NHS you need to to be directing your borrowing to fund projects that will increase your economic output and not at directly funding the NHS (there will be a blend obviously).

Also borrowing to increase spending on public services, increasing massive public sector jobs, a favourite of Labour, to reduce jobless figures is not the answer. current employment figures in this age of austerity shows that it isn’t necessary.

HS2, I think is a good thing and necessary and the links to the North far more important than Birmingham.

Northern Cross Rail and linking that to HS links to Manchester and Leeds is what is required. But it needs to be within the next 10 years and the problem we are so terrible at delivering big infrastructure projects on time, in budget and within a decent timeline we miss the opportunities.

Damien 02-08-2019 21:47

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by OLD BOY (Post 36004786)
I think you need to think more deeply than this. For example, you say that investing in the NHS does not lead to an appreciating asset. Yet in believing that, you are completely ignoring the loss of productivity resulting from delays in treatment by the NHS and the decline in the nation's health resulting from delayed treatments and a lack of availability of appropriate remedial treatments. If you are relatively healthy and have not had to rely on their responses, you are likely to be completely ignorant of the problems patients face with its inefficiency.

The NHS is a continuing expense. It's not the same thing unless you're talking about building hospitals or something. Every year the NHS requires funding so to make it sustainable you need to meet that funding via income not debt. You can borrow to fund HS2 because ultimately the bulk of that funding will end and you can start paying it back over a longer timeframe.

Quote:

Originally Posted by OLD BOY (Post 36004786)
I appreciate that many socialists don't like the comparisons between managing household budgets and the management of the national economy, but the same general principles apply.

No, economists don't like the comparison. Households don't issue government bonds or have central banks. You can't print money. Your spending doesn't really impact the economy as a whole. You don't have the ability to literally shape the economy you're in. You Also if you spend money in a shop that's money gone for you and gained for them but government spending, at least that within the country, is money moving around the same system. That changes quite a bit about how you make decisions.

For what we're talking about the comparison with households work but really it would break down if went any further. It gets to what I said earlier that some economists don't see an issue with governments running managed deficits.

ianch99 02-08-2019 22:36

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by OLD BOY (Post 36004786)
I think you need to think more deeply than this. For example, you say that investing in the NHS does not lead to an appreciating asset. Yet in believing that, you are completely ignoring the loss of productivity resulting from delays in treatment by the NHS and the decline in the nation's health resulting from delayed treatments and a lack of availability of appropriate remedial treatments. If you are relatively healthy and have not had to rely on their responses, you are likely to be completely ignorant of the problems patients face with its inefficiency.

I appreciate that many socialists don't like the comparisons between managing household budgets and the management of the national economy, but the same general principles apply.

---------- Post added at 19:36 ---------- Previous post was at 19:32 ----------



On the contrary, MP's are responsible to their (whole) electorate.

I am thinking deeply I assure you. What is not needed is a cartoon-like 2 dimensional analysis of the complex socio-economic challenges. The application of simplistic analogies to reduce these issues to sound bites is why we are here today. "Labour bad, Tories good", "Free Market good, Nationalisation bad", etc."

The 4 decades old free market economy has run its course. It has failed to deliver what the original proponents promised. We are in the end game. If the country survives the No Deal abyss, the centre ground of politics lies vacant to accomodate a new social democratic approach: one that discards the blinkered Old Labour, New Labour, Right Wing Tory mindset.

The future will have to redeploy the wealth held in the hands of the few to invest in *all* the country for the benefits of *all* the citizens. The climate emergency demands no less. The wealthy do not care about you or me and they do not care about the planet.

Johnson claims to be wanting to spend 3 billion for the neglected North to try and address some of the reasons so many felt "left behind" and disenfranchised. To put this in context, the City of London had a bonus pool, remember these people already have very high salaries, of 20 billion in 2018. Yes, 20 billion for 1 year. These are the people that you, me and, yes, the people in the neglected north bailed out to the tune of 100's of billions in 2008 and caused the decade of austerity.

The childish responses like "politics of envy", etc. just do not work anymore. Everyone can see the evidence before their eyes. You would be a fool to believe the free market is the future. The market must be controlled: intervention where strategic and national interests dictate and control where it does not.

The system is broken and when people who cling to the debunked "rising tide floats all boats" maxim try and sell the "greed is good" snake oil, it really is depressing. I find it interesting to see the people defending the current system: they seem to be invariably those who comes from the baby boomer period where they had the fortune to find a good job easily, to have a final salary pension that we can only dream of today, to be able to easily afford to buy a house that now has risen many, many times in value and to have enjoyed the best of social service quality during this period.

These are the people who will now say: "I got where I am today through bloody hard work" .. well, truth be told, they were just very lucky. The sinister part is that they feel entitled: "how dare you take away what I worked hard to get". The awareness that the wealth and opportunities they enjoyed will never be available for the current generation is just absent. This lack of empathy underwrites a lot of the current politics.

While I am rambling on, I would like to thank Hugh for his many posts expounding, as I see it, his One Nation Conservatism. His views on how those that have most have a moral duty to those who do not is to be applauded ... loudly. Views like his are seldom heard from the political right .. :(

Sephiroth 02-08-2019 23:21

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by ianch99 (Post 36004793)
I am thinking deeply I assure you. What is not needed is a cartoon-like 2 dimensional analysis of the complex socio-economic challenges. The application of simplistic analogies to reduce these issues to sound bites is why we are here today. "Labour bad, Tories good", "Free Market good, Nationalisation bad", etc."


<SNIP>

The system is broken and when people who cling to the debunked "rising tide floats all boats" maxim try and sell the "greed is good" snake oil, it really is depressing. I find it interesting to see the people defending the current system: they seem to be invariably those who comes from the baby boomer period where they had the fortune to find a good job easily, to have a final salary pension that we can only dream of today, to be able to easily afford to buy a house that now has risen many, many times in value and to have enjoyed the best of social service quality during this period.

These are the people who will now say: "I got where I am today through bloody hard work" .. well, truth be told, they were just very lucky. The sinister part is that they feel entitled: "how dare you take away what I worked hard to get". The awareness that the wealth and opportunities they enjoyed will never be available for the current generation is just absent. This lack of empathy underwrites a lot of the current politics.

<SNIP>
. :(

Although you've decried "sound bites"the term "baby boomer" is just that and highly offensive - although I know you did not intend any offence. These people essentially repopulated the UK after WW2.

You are right - the system is broken, albeit that it is the same system in force since 1951. That system worked well up to around 1992 which is when the EMU crisis broke. Since then the economic dynamics across the world have changed and this has affected us (within the same system) not to mention the huge increase in UK population that has imposed serious strain on our public services at the time when the economic position is at its nadir.

Where I probably differ from you, is that the system is not specifically broken for the reasons you have given. It has been broken by the politicians refusing to deliver the Referendum result - public trust has been lost. That is a very serious position.

How to repair the system? For a start, at the next GE, there should be a single alternative vote.

Turning to your assessment of why the system is broken, I don't see how any system can deal with the psychology of power, the slice of power that each MP wants leading to the ultimate trip for some of them. DO we need a benevolent dictator? Possibly but that won't happen. We won't get honest politicians - they have become increasingly dishonest since 1997 - all of them.

I fear there is no answer.


papa smurf 02-08-2019 23:31

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by ianch99 (Post 36004793)
I am thinking deeply I assure you. What is not needed is a cartoon-like 2 dimensional analysis of the complex socio-economic challenges. The application of simplistic analogies to reduce these issues to sound bites is why we are here today. "Labour bad, Tories good", "Free Market good, Nationalisation bad", etc."

The 4 decades old free market economy has run its course. It has failed to deliver what the original proponents promised. We are in the end game. If the country survives the No Deal abyss, the centre ground of politics lies vacant to accomodate a new social democratic approach: one that discards the blinkered Old Labour, New Labour, Right Wing Tory mindset.

The future will have to redeploy the wealth held in the hands of the few to invest in *all* the country for the benefits of *all* the citizens. The climate emergency demands no less. The wealthy do not care about you or me and they do not care about the planet.

Johnson claims to be wanting to spend 3 billion for the neglected North to try and address some of the reasons so many felt "left behind" and disenfranchised. To put this in context, the City of London had a bonus pool, remember these people already have very high salaries, of 20 billion in 2018. Yes, 20 billion for 1 year. These are the people that you, me and, yes, the people in the neglected north bailed out to the tune of 100's of billions in 2008 and caused the decade of austerity.

The childish responses like "politics of envy", etc. just do not work anymore. Everyone can see the evidence before their eyes. You would be a fool to believe the free market is the future. The market must be controlled: intervention where strategic and national interests dictate and control where it does not.

The system is broken and when people who cling to the debunked "rising tide floats all boats" maxim try and sell the "greed is good" snake oil, it really is depressing. I find it interesting to see the people defending the current system: they seem to be invariably those who comes from the baby boomer period where they had the fortune to find a good job easily, to have a final salary pension that we can only dream of today, to be able to easily afford to buy a house that now has risen many, many times in value and to have enjoyed the best of social service quality during this period.

These are the people who will now say: "I got where I am today through bloody hard work" .. well, truth be told, they were just very lucky. The sinister part is that they feel entitled: "how dare you take away what I worked hard to get". The awareness that the wealth and opportunities they enjoyed will never be available for the current generation is just absent. This lack of empathy underwrites a lot of the current politics.

While I am rambling on, I would like to thank Hugh for his many posts expounding, as I see it, his One Nation Conservatism. His views on how those that have most have a moral duty to those who do not is to be applauded ... loudly. Views like his are seldom heard from the political right .. :(

Pull your finger out ,try putting "your" back into it and quit moaning that old people have every thing that you want:td:

ianch99 03-08-2019 00:28

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by papa smurf (Post 36004797)
Pull your finger out ,try putting "your" back into it and quit moaning that old people have every thing that you want:td:

Why don't you try again? This time with something sensible. Go on, you can do it! We believe!!

BTW, I am old ... :)

---------- Post added at 23:28 ---------- Previous post was at 23:14 ----------

Quote:

Originally Posted by Sephiroth (Post 36004796)
Although you've decried "sound bites"the term "baby boomer" is just that and highly offensive - although I know you did not intend any offence. These people essentially repopulated the UK after WW2.

You are right - the system is broken, albeit that it is the same system in force since 1951. That system worked well up to around 1992 which is when the EMU crisis broke. Since then the economic dynamics across the world have changed and this has affected us (within the same system) not to mention the huge increase in UK population that has imposed serious strain on our public services at the time when the economic position is at its nadir.

Where I probably differ from you, is that the system is not specifically broken for the reasons you have given. It has been broken by the politicians refusing to deliver the Referendum result - public trust has been lost. That is a very serious position.

How to repair the system? For a start, at the next GE, there should be a single alternative vote.

Turning to your assessment of why the system is broken, I don't see how any system can deal with the psychology of power, the slice of power that each MP wants leading to the ultimate trip for some of them. DO we need a benevolent dictator? Possibly but that won't happen. We won't get honest politicians - they have become increasingly dishonest since 1997 - all of them.

I fear there is no answer.


Maybe you take offence easily? The Baby Boomer term is not a sound bite rather it describes a generation that had advantages long since removed from the current one. This needs to be recognised. It is an important backdrop to the current attitudes of these people today. BTW, I am a Baby Boomer myself ..

I appreciate your engagement in the points I raised. It is refreshing when compared to some who just snipe ..

We need to step back and above Brexit. Brexit is a symptom of the failed system we are inhabiting rather the cause. Your suggestions are good: PR would go a long way to normalising politics. The corruption point: so true. Far too many politicians although eager to do good at first are ground down by the system and end up as bottom feeders waiting for the time to get their pay off i.e. directorships, plum seats on quangos, peerages, etc.

We should introduce laws precluding post-Parliament "payoffs" for minimum of X years and pay the MP's a decent salary while they serve. Remove the tie in between lobby groups and politics and you increase the likelihood that MP's will work to serve the nation rather than work to serve themselves.

Maggy 03-08-2019 01:09

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36004792)
The NHS is a continuing expense. It's not the same thing unless you're talking about building hospitals or something. Every year the NHS requires funding so to make it sustainable you need to meet that funding via income not debt. You can borrow to fund HS2 because ultimately the bulk of that funding will end and you can start paying it back over a longer timeframe.



No, economists don't like the comparison. Households don't issue government bonds or have central banks. You can't print money. Your spending doesn't really impact the economy as a whole. You don't have the ability to literally shape the economy you're in. You Also if you spend money in a shop that's money gone for you and gained for them but government spending, at least that within the country, is money moving around the same system. That changes quite a bit about how you make decisions.

For what we're talking about the comparison with households work but really it would break down if went any further. It gets to what I said earlier that some economists don't see an issue with governments running managed deficits.

:clap: good points.

jfman 03-08-2019 10:17

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36004792)
The NHS is a continuing expense. It's not the same thing unless you're talking about building hospitals or something. Every year the NHS requires funding so to make it sustainable you need to meet that funding via income not debt. You can borrow to fund HS2 because ultimately the bulk of that funding will end and you can start paying it back over a longer timeframe.

No, economists don't like the comparison. Households don't issue government bonds or have central banks. You can't print money. Your spending doesn't really impact the economy as a whole. You don't have the ability to literally shape the economy you're in. You Also if you spend money in a shop that's money gone for you and gained for them but government spending, at least that within the country, is money moving around the same system. That changes quite a bit about how you make decisions.

For what we're talking about the comparison with households work but really it would break down if went any further. It gets to what I said earlier that some economists don't see an issue with governments running managed deficits.

Old Boy doesn’t do economics sadly.

Pierre 03-08-2019 10:24

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by ianch99 (Post 36004793)
The 4 decades old free market economy has run its course.

The free market economy is somewhat older than that, much older, try a few hundred years.

Quote:

It has failed to deliver what the original proponents promised.
No it hasn’t every generation ( and i’m talking over the several hundreds of years) has largely enjoyed a better standard of living and had more possessions than the one previous.

Quote:

The future will have to redeploy the wealth held in the hands of the few to invest in *all*
. Here we go comrade, the revolution will be televised.

Such actions by a state always work well.

Quote:

The system is broken and when people who cling to the debunked "rising tide floats all boats" maxim try and sell the "greed is good" snake oil, it really is depressing. I find it interesting to see the people defending the current system: they seem to be invariably those who comes from the baby boomer period where they had the fortune to find a good job easily, to have a final salary pension that we can only dream of today, to be able to easily afford to buy a house that now has risen many, many times
The system is far from perfect but more preferable than the alternatives.

Quote:

These are the people who will now say: "I got where I am today through bloody hard work" .. well, truth be told, they were just very lucky. The sinister part is that they feel entitled: "how dare you take away what I worked hard to get". The awareness that the wealth and opportunities they enjoyed will never be available for the current generation is just absent. This lack of empathy underwrites a lot of the current politics.
What about those that have worked hard? there are people that came from quite humble beginnings and have worked hard and now enjoy a very good standard of living, and you just dismiss them as lucky. They can’t all be lucky and i’m Afraid in this statement you do come across as envious. Unfortunately in life there will always be people doing better than you, that’s just life, bleating about it doesn’t help you.

papa smurf 03-08-2019 11:15

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by ianch99 (Post 36004799)
Why don't you try again? This time with something sensible. Go on, you can do it! We believe!!

BTW, I am old ... :)

---------- Post added at 23:28 ---------- Previous post was at 23:14 ----------



Maybe you take offence easily? The Baby Boomer term is not a sound bite rather it describes a generation that had advantages long since removed from the current one. This needs to be recognised. It is an important backdrop to the current attitudes of these people today. BTW, I am a Baby Boomer myself ..



I appreciate your engagement in the points I raised. It is refreshing when compared to some who just snipe ..

We need to step back and above Brexit. Brexit is a symptom of the failed system we are inhabiting rather the cause. Your suggestions are good: PR would go a long way to normalising politics. The corruption point: so true. Far too many politicians although eager to do good at first are ground down by the system and end up as bottom feeders waiting for the time to get their pay off i.e. directorships, plum seats on quangos, peerages, etc.

We should introduce laws precluding post-Parliament "payoffs" for minimum of X years and pay the MP's a decent salary while they serve. Remove the tie in between lobby groups and politics and you increase the likelihood that MP's will work to serve the nation rather than work to serve themselves.


Some of the boomer generation had to be the servants so don't beat yourself up
if you have nothing to pass on to the next generation it's not the end of the world .;)

ianch99 03-08-2019 13:39

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by papa smurf (Post 36004811)
Some of the boomer generation had to be the servants so don't beat yourself up
if you have nothing to pass on to the next generation it's not the end of the world .;)

If you have nothing to contribute, best say nothing. You are embarrassing yourself ...

---------- Post added at 12:39 ---------- Previous post was at 12:22 ----------

Quote:

Originally Posted by Pierre (Post 36004809)
The free market economy is somewhat older than that, much older, try a few hundred years.

The free market I am referring to is the neocon deregulated variant started during the Thatcher/Reagan era. Peter Hitchens, a renowned conservative commentator, describes it as:

https://www.dailymail.co.uk/debate/a...d-Britain.html

Quote:

I am so sorry now that I fell for the great Thatcher-Reagan promise. I can’t deny that I did. I believed all that stuff about privatisation and free trade and the unrestrained market. I think I may even have been taken in by the prophecies of a great share-owning democracy.
Quote:

Originally Posted by Pierre (Post 36004809)
No it hasn’t every generation ( and i’m talking over the several hundreds of years) has largely enjoyed a better standard of living and had more possessions than the one previous..

You are just describing the basic trend. The issue is not that wealth creation has increased, the issue is how it is disproportionately distributed.

Quote:

Originally Posted by Pierre (Post 36004809)
Such actions by a state always work well..

You lack imagination

Quote:

Originally Posted by Pierre (Post 36004809)
The system is far from perfect but more preferable than the alternatives..

See above

Quote:

Originally Posted by Pierre (Post 36004809)
What about those that have worked hard? there are people that came from quite humble beginnings and have worked hard and now enjoy a very good standard of living, and you just dismiss them as lucky. They can’t all be lucky and i’m Afraid in this statement you do come across as envious. Unfortunately in life there will always be people doing better than you, that’s just life, bleating about it doesn’t help you.

Yet again a simplistic, one size fits all response. Of course people can and have "worked hard". The people today who did not have the advantages I speak of also work hard. And?

You fall back on the lazy entitlement narrative where people who have had advantages, of various sorts, have "worked hard" and those that don't, and will never have them, just have to suck it up.

Sephiroth 03-08-2019 13:56

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by ianch99 (Post 36004799)
Why don't you try again? This time with something sensible. Go on, you can do it! We believe!!

BTW, I am old ... :)

---------- Post added at 23:28 ---------- Previous post was at 23:14 ----------



Maybe you take offence easily? The Baby Boomer term is not a sound bite rather it describes a generation that had advantages long since removed from the current one. This needs to be recognised. It is an important backdrop to the current attitudes of these people today. BTW, I am a Baby Boomer myself ..

I appreciate your engagement in the points I raised. It is refreshing when compared to some who just snipe ..

We need to step back and above Brexit. Brexit is a symptom of the failed system we are inhabiting rather the cause. Your suggestions are good: PR would go a long way to normalising politics. The corruption point: so true. Far too many politicians although eager to do good at first are ground down by the system and end up as bottom feeders waiting for the time to get their pay off i.e. directorships, plum seats on quangos, peerages, etc.

We should introduce laws precluding post-Parliament "payoffs" for minimum of X years and pay the MP's a decent salary while they serve. Remove the tie in between lobby groups and politics and you increase the likelihood that MP's will work to serve the nation rather than work to serve themselves.

Apart from your ‘baby boomer’ remark, I largely agree with you. On the matter of baby boomer, Sajid Javid used the term extensively much along your lines, wanting to take from them to level matters out for the equally insulting term ‘millenials’ and later. To categorise people in this insulting way -people- is to be deplored.

The so-called ‘baby boomers’ did not have advantages. They worked to and responded to normal market conditions.

Those market conditions changed round a bout the time of Maastricht - I do see a connection. Economics changed, dependencies changed, employer behaviour changed, population influx eventually stretched the housing market and screwed the NHS much of that at a time when there was a global financial crisis and austerity.

Then throw Brexit into the mix, a decision taken by the population in the light of the above. The system actually broke, possibly irrevocably, when politicians went rogue and declared themselves as individuals who knew better than the people. That is unforgivable and it needs a clear out. As I said, a single transferable vote would be best - PR brings chaos through coalition and the associated political jostling.

Edit:
I should add that to bring housing into affordable bounds, land value has to reduce. The guvmin could compete with the private sector by giving up large swathes of land for free to developers who would be constrained by contract as to price and profit. That would eventually trickle through to general market conditions. This, in turn, would leave people with greater spending power and that would trickle through into employment, manufacturing and so on.

Something has to give.


.

ianch99 03-08-2019 14:15

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004820)
Apart from your ‘baby boomer’ remark, I largely agree with you. On the matter of baby boomer, Sajid Javid used the term extensively much along your lines, wanting to take from them to level matters out for the equally insulting term ‘millenials’ and later. To categorise people in this insulting way -people- is to be deplored.

The so-called ‘baby boomers’ did not have advantages. They worked to and responded to normal market conditions.

Those market conditions changed round a bout the time of Maastricht - I do see a connection. Economics changed, dependencies changed, employer behaviour changed, population influx eventually stretched the housing market and screwed the NHS much of that at a time when there was a global financial crisis and austerity.

Then throw Brexit into the mix, a decision taken by the population in the light of the above. The system actually broke, possibly irrevocably, when politicians went rogue and declared themselves as individuals who knew better than the people. That is unforgivable and it needs a clear out. As I said, a single transferable vote would be best - PR brings chaos through coalition and the associated political jostling.

.

We disagree. Here a Telegraph article making the points I make:

https://www.telegraph.co.uk/finance/...an-beings.html

Quote:

The facts speak for themselves. More than 80pc of the nation's £6.7trn in wealth is owned by baby boomers (those born between 1946 and 1964). Collectively, the country owns £2.6trn in shares and savings – and those aged 50 to 64 own £1trn of this. A third of the £1.8trn held in pension funds is owned by this age group (and a further quarter is owned by those aged between 45 and 50). And they own 40pc of the £2.5trn tied up in property. In fact, property has been such a staggeringly good investment for this generation that one in five baby boomers owns a second home.

As Will Hutton of the Work Foundation – and a baby boomer himself – pointed out: "Having enjoyed a life of free love, free school meals, free universities, defined benefit pensions, mainly full employment and a 40-year-long housing boom, [the baby boomers] are bequeathing their children sky-high house prices, debts and shrivelled pensions. A 60 year-old today is a very privileged and lucky human being."
These are the facts. You may not like to hear them but there are what they are ..

Sephiroth 03-08-2019 14:23

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by ianch99 (Post 36004823)
We disagree. Here a Telegraph article making the points I make:

https://www.telegraph.co.uk/finance/...an-beings.html


These are the facts. You may not like to hear them but there are what they are ..

I’m looking at the underlying cause of what we both have described. You are pinned to the mast of inequality.

Boris, not my choice of PM, wants to open up the land of opportunity and bring boom back to the country. Laudable, but needs all of the measures I have suggested and more. Is a Boris guvmin capable of taking the bold Steps?




Chris 03-08-2019 14:25

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004820)
Apart from your ‘baby boomer’ remark, I largely agree with you. On the matter of baby boomer, Sajid Javid used the term extensively much along your lines, wanting to take from them to level matters out for the equally insulting term ‘millenials’ and later. To categorise people in this insulting way -people- is to be deplored.

The so-called ‘baby boomers’ did not have advantages. They worked to and responded to normal market conditions.

Those market conditions changed round a bout the time of Maastricht - I do see a connection. Economics changed, dependencies changed, employer behaviour changed, population influx eventually stretched the housing market and screwed the NHS much of that at a time when there was a global financial crisis and austerity.

Then throw Brexit into the mix, a decision taken by the population in the light of the above. The system actually broke, possibly irrevocably, when politicians went rogue and declared themselves as individuals who knew better than the people. That is unforgivable and it needs a clear out. As I said, a single transferable vote would be best - PR brings chaos through coalition and the associated political jostling.

Edit:
I should add that to bring housing into affordable bounds, land value has to reduce. The guvmin could compete with the private sector by giving up large swathes of land for free to developers who would be constrained by contract as to price and profit. That would eventually trickle through to general market conditions. This, in turn, would leave people with greater spending power and that would trickle through into employment, manufacturing and so on.

Something has to give.


.

Your comments about boomers are so far off-beam its hard for me not to assume you are one. Who else could insist that black is white, up is down and move along, there’s nothing to see here, in the way you have.

This generation has consistently ridden the wave of the welfare state where and when it was most generous, bought houses cheaply while new building was a major activity and seen the value of their property soar even as the cost of their mortgages was inflated away.

You may despise the label “baby boomer” and what it insinuates but it is a cold, hard fact that those born in the two decades after WW2 continue to enjoy enormous economic advantages, often at the direct cost of their grandchildren.

Paul 03-08-2019 14:59

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004796)
[COLOR="Blue"]..... "the term "baby boomer" is just that and highly offensive

No its not, I'm not even remotely "offended".

ianch99 03-08-2019 15:41

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Chris (Post 36004825)
Your comments about boomers are so far off-beam its hard for me not to assume you are one. Who else could insist that black is white, up is down and move along, there’s nothing to see here, in the way you have.

This generation has consistently ridden the wave of the welfare state where and when it was most generous, bought houses cheaply while new building was a major activity and seen the value of their property soar even as the cost of their mortgages was inflated away.

You may despise the label “baby boomer” and what it insinuates but it is a cold, hard fact that those born in the two decades after WW2 continue to enjoy enormous economic advantages, often at the direct cost of their grandchildren.

:clap:

Thank you ..

Sephiroth 03-08-2019 16:54

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Chris (Post 36004825)
Your comments about boomers are so far off-beam its hard for me not to assume you are one. Who else could insist that black is white, up is down and move along, there’s nothing to see here, in the way you have.

This generation has consistently ridden the wave of the welfare state where and when it was most generous, bought houses cheaply while new building was a major activity and seen the value of their property soar even as the cost of their mortgages was inflated away.

You may despise the label “baby boomer” and what it insinuates but it is a cold, hard fact that those born in the two decades after WW2 continue to enjoy enormous economic advantages, often at the direct cost of their grandchildren.

It says little for you that you cast that age-group as akin to villains who are gorging on their fortunate situation.

They were born when they were born; schooled in the system of the day; worked in the available jobs; bought houses as per the market of those times and managed to see a doctor same day.

To characterise them as having ridden a wave of which they were unaware at the time is disgraceful.

The following generation are the victim of poor government and wider circumstances that I have described in this debate.

As to the insulting term "baby boomer", it's only ever used in a denigratory sense and it is discriminatory.



---------- Post added at 15:54 ---------- Previous post was at 15:51 ----------

Quote:

Originally Posted by ianch99 (Post 36004831)
:clap:

Thank you ..

I thought more highly of you than to applaud what Chris has said. It saddens me that I'm wrong.

The people born after the war were completely unaware that the future would disadvantage the cohort born in the 1980s.

To characterise them as priviliged and by implication villains is grossly unfair.

Chris 03-08-2019 17:56

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004832)
It says little for you that you cast that age-group as akin to villains who are gorging on their fortunate situation.

They were born when they were born; schooled in the system of the day; worked in the available jobs; bought houses as per the market of those times and managed to see a doctor same day.

To characterise them as having ridden a wave of which they were unaware at the time is disgraceful.

The following generation are the victim of poor government and wider circumstances that I have described in this debate.

As to the insulting term "baby boomer", it's only ever used in a denigratory sense and it is discriminatory.



---------- Post added at 15:54 ---------- Previous post was at 15:51 ----------



I thought more highly of you than to applaud what Chris has said. It saddens me that I'm wrong.

The people born after the war were completely unaware that the future would disadvantage the cohort born in the 1980s.

To characterise them as priviliged and by implication villains is grossly unfair.

Grow up. There was a baby boom when world war 2 ended and large numbers of conscripts were demobbed and sent home. The infants born to the generation who fought the war are, and have always been, known as baby boomers. It’s a fact of history and it’s utterly hilarious of you to claim it’s discriminatory. If you’re of that generation, and especially if you’re white, male and middle class, you have been best placed of anyone in that generation to benefit from being
the first born into the welfare state and, as a young adult, among the ones who fought for, and achieved, social liberation, and also among the ones who saw housing cheap and mortgage values shrink almost by the month. You of all those who have lived in this country since the war are the most economically privileged and least discriminated against in our entire history.

I have never claimed that all of these circumstances were brought about deliberately by boomers. Some indeed were the deliberate and direct outcome of policies boomers campaigned and voted for; others were not. However, the massive wealth pile this generation now sits on, and votes to ensure it retains, is a problem that boomers as a generation are obviously unwilling to easily part with, even though they are clearly intelligent enough to understand the negative consequences their second homes and triple-locked pensions are having on their children and their grandchildren’s own future prospects.

Observe the way Teresa May crashed and burned for daring to suggest that this generation ought to pay back a little, which it could well afford to pay, out of its pension pot. That tells you everything you need to know about the priorities of this generation.

Sephiroth 03-08-2019 18:22

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Chris (Post 36004834)
Grow up. There was a baby boom when world war 2 ended and large numbers of conscripts were demobbed and sent home. The infants born to the generation who fought the war are, and have always been, known as baby boomers. It’s a fact of history and it’s utterly hilarious of you to claim it’s discriminatory. If you’re of that generation, and especially if you’re white, male and middle class, you have been best placed of anyone in that generation to benefit from being
the first born into the welfare state and, as a young adult, among the ones who fought for, and achieved, social liberation, and also among the ones who saw housing cheap and mortgage values shrink almost by the month. You of all those who have lived in this country since the war are the most economically privileged and least discriminated against in our entire history.

I have never claimed that all of these circumstances were brought about deliberately by boomers. Some indeed were the deliberate and direct outcome of policies boomers campaigned and voted for; others were not.

However, the massive wealth pile this generation now sits on, and votes to ensure it retains, is a problem that boomers as a generation are obviously unwilling to easily part with, even though they are clearly intelligent enough to understand the negative consequences their second homes and triple-locked pensions are having on their children and their grandchildren’s own future prospects.

Observe the way Teresa May crashed and burned for daring to suggest that this generation ought to pay back a little, which it could well afford to pay, out of its pension pot. That tells you everything you need to know about the priorities of this generation.

Didn't the Nazis decide that the Jews were too privileged to be allowed to keep their wealth?

You'll no doubt rail against me for making the comparisons with the Nazis - but it's valid in terms of bemoaning the possessions of those who had no control over the times in which the lived, worked and saved.

And what do you mean that these so-called 'boomers', a term I deplore, that the should pay something back out of their pension pot? That's the politics of envy and criticises people who have lived, worked and saved in good society faith. To want to dip into their savings is disgraceful.

Society is struggling with mixed cultures, over-population and poor government. There is no reason to attack the 1964-64 cohort.


Chris 03-08-2019 18:44

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004836)
Didn't the Nazis decide that the Jews were too privileged to be allowed to keep their wealth?

You'll no doubt rail against me for making the comparisons with the Nazis - but it's valid in terms of bemoaning the possessions of those who had no control over the times in which the lived, worked and saved.

And what do you mean that these so-called 'boomers', a term I deplore, that the should pay something back out of their pension pot? That's the politics of envy and criticises people who have lived, worked and saved in good society faith. To want to dip into their savings is disgraceful.

Society is struggling with mixed cultures, over-population and poor government. There is no reason to attack the 1964-64 cohort.


I call Godwin’s law.

I’m also disappointed that someone who comments so forthrightly as you do on economic matters apparently doesn’t understand that pensioners are not being paid the money they have saved. Current pension liability is paid out of current income, whether that be tax in the case of the state pension, or contributions and investment income in the case of private pensions.

You did not save for your pension, you paid out for your parents’ and your grandparents’, and in return the benefits you would get when the time came were defined for you. Defined, as it turns out, in a way that was totally unsustainable.

The baby boom generation has, by a mixture of luck and design, contrived to have its welfare and its pension benefits defined, whereas those coming up afterwards have only their contributions defined, and lack the inflationary circumstances and the access to the housing market that might make up some of the shortfall.

Much of the financial well-being experienced by boomers was the result of the politics of their generation. Redressing the balance must be the politics of the present generation. I would dearly love to see a genuine, one-nation Tory government lance that boil, because if it doesn’t, all it will take will be a lot of young, angry people suddenly to realise they might try voting for someone else to have a go. Then you’ll properly understand what the politics of envy looks like.

Hugh 03-08-2019 19:01

Re: [Update 2] PM Boris forms a government
 
Benefits people born post ‘64 have, that we "baby boomers" didn’t have when we were your age.

Vastly improved access to Higher Education (50% vs <10%)
Better Healthcare - people bitch about waiting times, but the range of services, medication, and operations available would have been unimaginable in the 50s and 60s
Reasonable mortgage rates (I still shudder thinking about when my first mortgage, in the mid-80s, went up from 9% to 15%)
Access to technology and media that were Science Fiction when we were growing up
Reasonably cheap travel to countries, near and far
No 3 day weeks or rolling power cuts
Low unemployment rates (not the 10-12% peaks in the 80’s and 90s)
Not worrying about the constant likelihood of thermonuclear war

A thing about Final Salary pensions - not all companies offered these, even in the 70s and 80s; small/medium companies often didn’t offer pension schemes, usually only the large Corporates/Government/Local Government did. I have 8 pensions, 4 Final Salary, 4 Contribution based - my 4 Contribution based are from jobs in the 80s, 90s, and 00s, whilst the Final Salary ones are from the 70s (RAF, a whole £1400 pa), and the others are from the 00s and 10s, so those schemes were available to people born after the ‘baby boom’.

Not every "baby boomer" has gold-plated pensions, just like not every millennial eats crushed avocados on toast or can’t afford a mortgage.

Whilst I agree about the house prices point (pointing out that 80% don’t have second homes), remember when we shuffle off this mortal coil, our kids will inherit this...

pip08456 03-08-2019 19:31

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Hugh (Post 36004842)
Benefits people born post ‘64 have, that we "baby boomers" didn’t have when we were your age.

Vastly improved access to Higher Education (50% vs <10%)
Better Healthcare - people bitch about waiting times, but the range of services, medication, and operations available would have been unimaginable in the 50s and 60s
Reasonable mortgage rates (I still shudder thinking about when my first mortgage, in the mid-80s, went up from 9% to 15%)
Access to technology and media that were Science Fiction when we were growing up
Reasonably cheap travel to countries, near and far
No 3 day weeks or rolling power cuts
Low unemployment rates (not the 10-12% peaks in the 80’s and 90s)
Not worrying about the constant likelihood of thermonuclear war

A thing about Final Salary pensions - not all companies offered these, even in the 70s and 80s; small/medium companies often didn’t offer pension schemes, usually only the large Corporates/Government/Local Government did. I have 8 pensions, 4 Final Salary, 4 Contribution based - my 4 Contribution based are from jobs in the 80s, 90s, and 00s, whilst the Final Salary ones are from the 70s (RAF, a whole £1400 pa), and the others are from the 00s and 10s, so those schemes were available to people born after the ‘baby boom’.

Not every "baby boomer" has gold-plated pensions, just like not every millennial eats crushed avocados on toast or can’t afford a mortgage.

Whilst I agree about the house prices point (painting out that 80% don’t have second homes), remember when we shuffle off this mortal coil, our kids will inherit this...

:clap::clap::clap:

Sephiroth 03-08-2019 19:35

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Chris (Post 36004837)
I call Godwin’s law.

I’m also disappointed that someone who comments so forthrightly as you do on economic matters apparently doesn’t understand that pensioners are not being paid the money they have saved. Current pension liability is paid out of current income, whether that be tax in the case of the state pension, or contributions and investment income in the case of private pensions.

You did not save for your pension, you paid out for your parents’ and your grandparents’, and in return the benefits you would get when the time came were defined for you. Defined, as it turns out, in a way that was totally unsustainable.

The baby boom generation has, by a mixture of luck and design, contrived to have its welfare and its pension benefits defined, whereas those coming up afterwards have only their contributions defined, and lack the inflationary circumstances and the access to the housing market that might make up some of the shortfall.

Much of the financial well-being experienced by boomers was the result of the politics of their generation. Redressing the balance must be the politics of the present generation. I would dearly love to see a genuine, one-nation Tory government lance that boil, because if it doesn’t, all it will take will be a lot of young, angry people suddenly to realise they might try voting for someone else to have a go. Then you’ll properly understand what the politics of envy looks like.

I've paid into my pension(s) all my working life. The only pension that is not entirely funded by me is the state pension. However the SERPS supplements have been funded by me. Thus the bulk of my pension (I still work, btw) is occupational.

I don't disagree with you that the balance must be redressed, but not by any form of confiscation (however it is dressed) on people who are here by reason of the date they were born.

No political party in present circumstances can redress this balance unless wealth is created to fund taxes that fund public services.

And, btw, if I were to have contracted Alzheimers pre 1992, the state or NHS would have taken care of me. Now it won't; who can tell what will happen to the next generation if the balance does ever get redressed.

What I won't stand for is an implicit criticism of my generation. It is profoundly unfair and I'ms surprised that it comes from you above most in this debate.


Damien 03-08-2019 20:30

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004845)
I don't disagree with you that the balance must be redressed, but not by any form of confiscation (however it is dressed) on people who are here by reason of the date they were born.

No one is talking about confiscation. But if people think they've paid into the state pension then they might perceive the removal of the triple-lock as such.

Quote:

No political party in present circumstances can redress this balance unless wealth is created to fund taxes that fund public services.
Some policies to redress the balance will see voters punish them at the ballot box. Chris has already pointed out what happened to the Tories when they said house value should be used to help pay for social care, rather than the taxes of the following generations. If the government were to do anything to stop inflating house prices, drastically increasing supply for example, they would be punished too.

Sephiroth 03-08-2019 20:56

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36004846)
No one is talking about confiscation. But if people think they've paid into the state pension then they might perceive the removal of the triple-lock as such.


Some policies to redress the balance will see voters punish them at the ballot box. Chris has already pointed out what happened to the Tories when they said house value should be used to help pay for social care, rather than the taxes of the following generations. If the government were to do anything to stop inflating house prices, drastically increasing supply for example, they would be punished too.

I have a plan for that which would lead to praise for the government.

Swathes of government land can be used to build homes. They would sell it to developers with strict conditions on quality, price and margin for the developers. That would take land prices out of the equation and bring land prices down, etc.

Ib one of Boris' lot cares to contact me .....

ianch99 04-08-2019 00:06

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36004832)
It says little for you that you cast that age-group as akin to villains who are gorging on their fortunate situation.

They were born when they were born; schooled in the system of the day; worked in the available jobs; bought houses as per the market of those times and managed to see a doctor same day.

To characterise them as having ridden a wave of which they were unaware at the time is disgraceful.

The following generation are the victim of poor government and wider circumstances that I have described in this debate.

As to the insulting term "baby boomer", it's only ever used in a denigratory sense and it is discriminatory.



---------- Post added at 15:54 ---------- Previous post was at 15:51 ----------



I thought more highly of you than to applaud what Chris has said. It saddens me that I'm wrong.

The people born after the war were completely unaware that the future would disadvantage the cohort born in the 1980s.

To characterise them as priviliged and by implication villains is grossly unfair.

I am really not sure what books you are reading but "Baby Boomer" is just used to identity a specific generation. Nothing more .. The facts do speak for themselves as Chris has reinforced and I, for one, feel that my generation, having gained more than most generations have done, have a duty to help the current one.

---------- Post added at 22:49 ---------- Previous post was at 22:48 ----------

Quote:

Originally Posted by Chris (Post 36004837)
I call Godwin’s law.

I’m also disappointed that someone who comments so forthrightly as you do on economic matters apparently doesn’t understand that pensioners are not being paid the money they have saved. Current pension liability is paid out of current income, whether that be tax in the case of the state pension, or contributions and investment income in the case of private pensions.

You did not save for your pension, you paid out for your parents’ and your grandparents’, and in return the benefits you would get when the time came were defined for you. Defined, as it turns out, in a way that was totally unsustainable.

The baby boom generation has, by a mixture of luck and design, contrived to have its welfare and its pension benefits defined, whereas those coming up afterwards have only their contributions defined, and lack the inflationary circumstances and the access to the housing market that might make up some of the shortfall.

Much of the financial well-being experienced by boomers was the result of the politics of their generation. Redressing the balance must be the politics of the present generation. I would dearly love to see a genuine, one-nation Tory government lance that boil, because if it doesn’t, all it will take will be a lot of young, angry people suddenly to realise they might try voting for someone else to have a go. Then you’ll properly understand what the politics of envy looks like.

Strange times but I totally agree with Chris again :) His last sentence is prophetic:

Quote:

Redressing the balance must be the politics of the present generation. I would dearly love to see a genuine, one-nation Tory government lance that boil, because if it doesn’t, all it will take will be a lot of young, angry people suddenly to realise they might try voting for someone else to have a go. Then you’ll properly understand what the politics of envy looks like.


---------- Post added at 23:06 ---------- Previous post was at 22:49 ----------

Quote:

Originally Posted by Hugh (Post 36004842)
Benefits people born post ‘64 have, that we "baby boomers" didn’t have when we were your age.

Vastly improved access to Higher Education (50% vs <10%)
Better Healthcare - people bitch about waiting times, but the range of services, medication, and operations available would have been unimaginable in the 50s and 60s
Reasonable mortgage rates (I still shudder thinking about when my first mortgage, in the mid-80s, went up from 9% to 15%)
Access to technology and media that were Science Fiction when we were growing up
Reasonably cheap travel to countries, near and far
No 3 day weeks or rolling power cuts
Low unemployment rates (not the 10-12% peaks in the 80’s and 90s)
Not worrying about the constant likelihood of thermonuclear war

A thing about Final Salary pensions - not all companies offered these, even in the 70s and 80s; small/medium companies often didn’t offer pension schemes, usually only the large Corporates/Government/Local Government did. I have 8 pensions, 4 Final Salary, 4 Contribution based - my 4 Contribution based are from jobs in the 80s, 90s, and 00s, whilst the Final Salary ones are from the 70s (RAF, a whole £1400 pa), and the others are from the 00s and 10s, so those schemes were available to people born after the ‘baby boom’.

Not every "baby boomer" has gold-plated pensions, just like not every millennial eats crushed avocados on toast or can’t afford a mortgage.

Whilst I agree about the house prices point (pointing out that 80% don’t have second homes), remember when we shuffle off this mortal coil, our kids will inherit this...

Hugh, really?

Quote:

Vastly improved access to Higher Education (50% vs <10%)
Access yes but at what cost? Lifetime of debt for most and significantly lesser prospects of getting the same vocational career we enjoyed

Quote:

Better Healthcare - people bitch about waiting times, but the range of services, medication, and operations available would have been unimaginable in the 50s and 60s
Thats a given, technology & science will always improve but when most people wanted to access common services e.g. GP, Dentist, A&E, Outpatients, the quality of service (appointment waiting times) available in that period was much better from my recollection.

Also add in social care during retirement. Also add in more available social housing ...

Quote:

Reasonable mortgage rates (I still shudder thinking about when my first mortgage, in the mid-80s, went up from 9% to 15%)
Massive deflection. The cost of a mortgage relative to the house price and salaries was highly favourable. You then factor in the elephant in that room and that is the actual ability to buy a flat/house in the SE in the first place.

Try and repeat what you did then now ...

Quote:

Reasonably cheap travel to countries, near and far
Not sure how relevant this is to the wealth disparity of the generation in question

Quote:

No 3 day weeks or rolling power cuts
See above

Quote:

Low unemployment rates (not the 10-12% peaks in the 80’s and 90s)
Employed at what salary, with what prospects and job security?

Quote:

Not worrying about the constant likelihood of thermonuclear war
Again not related to the point in question

You fall in the trap of 'Not all ...." Not the point here. The issue is the combined wealth disparity of this generation compared with those that followed. It is a cheap trick to deflect with the "Not every "baby boomer" has gold-plated pensions". Of course not. Not every one bought a house .. so what?

Carth 04-08-2019 13:59

Re: [Update 2] PM Boris forms a government
 
Back in the day we didn't waste our money on a TV in every room, a new car every 3 years, a £700 mobile phone that you 'upgrade' every year, a foreign holiday every 4 months, and superfast broadband (whut? ) in order to moan that we're skint ;)

denphone 04-08-2019 14:09

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Carth (Post 36004894)
Back in the day we didn't waste our money on a TV in every room, a new car every 3 years, a £700 mobile phone that you 'upgrade' every year, a foreign holiday every 4 months, and superfast broadband (whut? ) in order to moan that we're skint ;)

No car in this household as our cousin is very helpful on that score , a monthly tariff mobile phone which one can upgrade every 2 to 3 years , Foreign holiday what the hell is that?? and reasonable broadband speeds split three ways financially.

Three TV's though although one is as ancient as the ark.;)

Budgeting the finances of the household does work wonders though.;)

Damien 04-08-2019 14:09

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Carth (Post 36004894)
Back in the day we didn't waste our money on a TV in every room, a new car every 3 years, a £700 mobile phone that you 'upgrade' every year, a foreign holiday every 4 months, and superfast broadband (whut? ) in order to moan that we're skint ;)

You also had affordable housing. Pretty big advantage.

House prices used to be around 3 or 4 times annual salary rather than 7 or 8 times. Cutting out the iPhone isn't going to make up that difference.

Chris 04-08-2019 14:23

Re: [Update 2] PM Boris forms a government
 
There’s been some interesting discussions about generational changes in our economy and expectations but we have rather drifted away from the topic...

Carth 04-08-2019 14:26

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36004897)
You also had affordable housing. Pretty big advantage.

House prices used to be around 3 or 4 times annual salary rather than 7 or 8 times. Cutting out the iPhone isn't going to make up that difference.


We (the boomers) didn't do that though. We just lived & worked in the environment that the Government gave us.

Gov't giveth, Gov't taketh away

Maggy 04-08-2019 16:01

Re: [Update 2] PM Boris forms a government
 
I just lived my life. However after seeing my mother widowed at 44 struggling to make ends meet on a very miserly widow's pension of £40 a month and in the situation of only being able to take low paying jobs because if she earned more than £10 each week her widows pension would be docked I decided I was never going to be in that situation.

So I got as good an education as I could relying on the fact that I was from a single parent family so I got a full free grant,worked at a variety of low paying jobs during my summer vacations so as to support myself and not be a burden on my mother.Not all baby boomers had it easy.

I'm still living in the first house I and my husband bought in 76. Apart from child benefit I have never taken another penny from the state and I only took that because I was a stay at home parent while my husband was away serving in the Royal Navy and wanted to make sure that my NI was paid so I would be entitled to an pension.

OLD BOY 05-08-2019 13:25

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by denphone (Post 36004896)
No car in this household as our cousin is very helpful on that score , a monthly tariff mobile phone which one can upgrade every 2 to 3 years , Foreign holiday what the hell is that?? and reasonable broadband speeds split three ways financially.

Three TV's though although one is as ancient as the ark.;)

Budgeting the finances of the household does work wonders though.;)

Which, of course, demonstrates that this country is not full of rich pensioners. There are still many who are worse off and can't even afford to heat their houses properly.

This ageist nonsense that we are hearing from some on here has got to stop.

denphone 05-08-2019 13:45

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by OLD BOY (Post 36004975)
Which, of course, demonstrates that this country is not full of rich pensioners. There are still many who are worse off and can't even afford to heat their houses properly.

This ageist nonsense that we are hearing from some on here has got to stop.

My parents had very reasonable jobs as Dad was in the Royal Navy and Mum worked in the Civil Service for the last 20 years of her working life before she has to retire early because of ill health.

l can assure you they are not well off as they have to budget everything just like our household does.

whether someone is 49 , 68 . 80 or whatever age they are its only a age at the end of the day and it does not make a iota of difference at the end of the day.

OLD BOY 05-08-2019 20:14

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by denphone (Post 36004977)
My parents had very reasonable jobs as Dad was in the Royal Navy and Mum worked in the Civil Service for the last 20 years of her working life before she has to retire early because of ill health.

l can assure you they are not well off as they have to budget everything just like our household does.

whether someone is 49 , 68 . 80 or whatever age they are its only a age at the end of the day and it does not make a iota of difference at the end of the day.

I am sure you are right, Den, and the majority of people are certainly not well off in old age.

However, to see some of the posts on here you would think that pensioners were slimy, child eating monsters cashing in at the expense of the younger generation. I think these ageists need to look at how much the old age pension actually is and wonder whether they could live on that.

ianch99 05-08-2019 21:16

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by OLD BOY (Post 36005009)
I am sure you are right, Den, and the majority of people are certainly not well off in old age.

However, to see some of the posts on here you would think that pensioners were slimy, child eating monsters cashing in at the expense of the younger generation. I think these ageists need to look at how much the old age pension actually is and wonder whether they could live on that.

George Orwell would have be proud of you. Respinning a discussion based on objective facts into pearl clutching outrage. Bravo ..

The temporary diversion of the relative disparity of the Baby Boomer generation's wealth & advantage was never about the individual. To make it one, as some have tried to so, is disingenuous. Discussions of trends on a macro scale can never be defined by individual case studies.

BTW, I think this diversion away from the topic of Mr Johnson is at an end?

Damien 05-08-2019 21:24

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by OLD BOY (Post 36005009)
However, to see some of the posts on here you would think that pensioners were slimy, child eating monsters cashing in at the expense of the younger generation. I think these ageists need to look at how much the old age pension actually is and wonder whether they could live on that.

I think a lot of young people feel that the pension, that they don't expect to get, should be high for old people. You don't find any of the parties that younger people support supporting a reduction in the state pension.

What they're angry about is that the government doesn't do anything to address the economic problems of younger people. In fact the Government makes those problems worse but cutting as much as possible from jobseekers allowance for the under-25s, tripling tuition fees and prioritising protecting property values rather than increase the supply.

Sephiroth 06-08-2019 07:59

Re: [Update 2] PM Boris forms a government
 
Boris’s guvmin has been told by the EU that there’s nothing to talk about.

OLD BOY 06-08-2019 09:13

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36005054)
Boris’s guvmin has been told by the EU that there’s nothing to talk about.

That's why Boris is preparing for a no deal Brexit.

They won't be doing EU countries any favours by continuing that stance. Ah, well, at least we will have overcome the backstop stalemate.

ianch99 06-08-2019 10:40

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Sephiroth (Post 36005054)
Boris’s guvmin has been told by the EU that there’s nothing to talk about.

You forgot to add the important part that Johnson told the EU that he will not talk to them unless the backstop is removed:

https://www.theguardian.com/politics...scrap-backstop

Quote:

Boris Johnson is refusing to sit down for talks with EU leaders until they agree to ditch the Irish backstop from the Brexit withdrawal agreement, despite invitations to meetings from the German chancellor, Angela Merkel, and the French president, Emmanuel Macron.
In fact, the Leavers pulling Johnson's strings are quite brazen about it:

https://www.theguardian.com/politics...enario-eu-told

Quote:

Boris Johnson has no intention of renegotiating the withdrawal agreement and a no-deal Brexit is his “central scenario”, European diplomats have been told, amid hardening evidence in Westminster that the government is expecting to crash out of the EU.

Brussels diplomats briefed after a meeting between the prime minister’s chief envoy and senior EU figures in Brussels said that Britain’s refusal to compromise was understood to have been clear to those attending.
This whole deal spin is just a sham. Those who control the PM just want the ruinous No Deal. Nothing else. In fact the ERG are quite open about it:

Mark Francois says ERG will vote down Withdrawal Agreement even if Boris Johnson gets rid of the backstop

So even if the EU cave in which is unlikely, the ERG would impose their vision of hell on this country.

Hugh 06-08-2019 11:59

Re: [Update 2] PM Boris forms a government
 
In today’s Times

https://www.thetimes.co.uk/article/b...TM_1Imag_CR1_2

Quote:

Boris Johnson would refuse to resign even after losing a confidence vote so he could force through a no-deal Brexit on October 31, under plans being considered by Downing Street.

Dominic Cummings, the prime minister’s most senior aide, told colleagues last week that Mr Johnson would not quit if Tory Remainers voted with Labour to bring down the government.

The Times has been told that Mr Johnson could stay on as prime minister even if Tory MPs were able to form a “government of national unity” opposed to a no-deal Brexit. Mr Johnson would ignore the result of the confidence vote and call a “people v politicians” general election to be held shortly after Britain had left the EU.

Damien 06-08-2019 12:30

Re: [Update 2] PM Boris forms a government
 
By what convention can a PM be removed if they refuse to acknowledge losing the confidence of Parliament?

Maggy 06-08-2019 12:31

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36005073)
By what convention can a PM be removed if they refuse to acknowledge losing the confidence of Parliament?

Just what I was wondering..

Chris 06-08-2019 12:31

Re: [Update 2] PM Boris forms a government
 
Seems fair enough. Mr Speaker and his allies have played fast and loose with convention often enough over the last few months. They should have realised the chickens would come home to roost eventually. When you work in a system that is governed so extensively by convention, then you can’t afford to try to pick and choose the conventions you respect and the ones you’re prepared to bend or break to suit your agenda. There is no written statute that compels Her Majesty’s Prime Minister to resign following a lost no confidence vote; choosing instead to remain PM until after the outcome of a general election may not have the same weight of convention behind it, but then we’ve been led to believe convention is quite flexible, especially when it’s inconvenient.

I think the reality is, there is going to have to be a general election right after Brexit anyway. Bojo’s Commons majority is barely workable as it is and might be expected to vanish well before 2022. With the Brexit Party neutralised and the possibility of some of the pro-EU uber-rebels getting deselected, it’s as good a time as any for him to go all in.

It would appear that’s the plan anyway. His grand tour of the UK followed by NHS spending announcements looks suspiciously like the opening salvo of an election campaign.

BenMcr 06-08-2019 12:35

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36005073)
By what convention can a PM be removed if they refuse to acknowledge losing the confidence of Parliament?

Thing is though I'm not sure that's how it works:

https://commonslibrary.parliament.uk...ral-elections/
Quote:

The statutory no confidence process
The Fixed-term Parliaments Act 2011 sets a five-year term between general elections, subject to the two ‘triggers’ for an early election above. The ‘no confidence’ trigger is pulled if a motion of no confidence is passed and no alternative Government is confirmed by the Commons within 14 days by means of a positive motion of confidence.

Section 2 of the Act specifies the form of the motion:

“That this House has no confidence in Her Majesty’s Government.”

If this motion is carried, there is a 14 calendar-day period in which a Government may be confirmed in office by a resolution in the form:

“That this House has confidence in Her Majesty’s Government.”

Under Standing Orders, a debate on a motion arising from an Act is limited to 90 minutes. However, it is likely that a longer debate would be provided on a motion of no confidence.
Quote:

What happens if a Government does not gain the confidence of the House of Commons in the 14-day period?

If a new Government cannot be formed within this time period, an early general election will take place and dissolution is triggered. There is no provision for an extension of the 14-day period. Dissolution need not follow immediately on a triggering event, as section 2(7) allows for the Prime Minister to recommend a suitable polling day to the Crown. A proclamation for a new Parliament can then be issued.
So there isn't actually a requirement for the PM to resign, as it's a no confidence vote against the whole Government.

Damien 06-08-2019 12:39

Re: [Update 2] PM Boris forms a government
 
But in this case they're saying even if a 'Government of National Unity' is formed, i.e Parliament has confidence in a different Government, he would refuse to acknowledge that. Until there is a Government the last PM remains but if Parliament says 'Hey, this is the government and this is who leads it' what compels the last PM to go?

Mr K 06-08-2019 12:41

Re: [Update 2] PM Boris forms a government
 
Time for the Roundheads to reform and assert Parliamentary democracy. Boris' head on a stake at Traitors gate I should think ;)

Chris 06-08-2019 12:41

Re: [Update 2] PM Boris forms a government
 
Appointing the PM is the Queen’s job, having taken advice as to who is most likely to command the confidence of the Commons. The PM, plus whoever s/he appoints as a minister, is the government. All the Commons can do is vote to express its confidence on the government. It cannot hire or fire a government.

In fact, the FTPA’s effect here would appear to be to strengthen Boris’ hand in staying in post for 14 days, enduring a second lost confidence vote and then seeing a general election triggered. As long as the election date falls after 31 October, he gets his wish.

BenMcr 06-08-2019 12:42

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36005078)
But in this case they're saying even if a 'Government of National Unity' is formed, i.e Parliament has confidence in a different Government, he would refuse to acknowledge that. Until there is a Government the last PM remains but if Parliament says 'Hey, this is the government and this is who leads it' what compels the last PM to go?

That's covered in the link above I think:
Quote:

The IfG points out that a Prime Minister who has lost a vote in such circumstances would have to choose between hanging on and hoping to regain the confidence of the House; or handing over to the leader of the Opposition,even if they seemed unlikely to be able to put together a parliamentary majority.

Damien 06-08-2019 12:44

Re: [Update 2] PM Boris forms a government
 
I think it's a bluff. In the end, I don't think he has the power to ignore Parliament passing confidence in a new Government, otherwise what would stop someone doing that upon losing an election other than moral weight?

The Queen can send in the guards to turf him out if needs be :D

---------- Post added at 11:44 ---------- Previous post was at 11:43 ----------

Quote:

Originally Posted by BenMcr (Post 36005081)
That's covered in the link above I think:

But again that precedes Parliament passing confidence in someone else. If they've done that how can he hold on?

Mr K 06-08-2019 12:44

Re: [Update 2] PM Boris forms a government
 
And what happens to UK plc amongst all this chaos?? Who the hell is going to invest anything in this shambles of a country run by a Muppet?

Chris 06-08-2019 12:47

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36005082)
I think it's a bluff. In the end, I don't think he has the power to ignore Parliament passing confidence in a new Government, otherwise what would stop someone doing that upon losing an election other than moral weight?

The Queen can send in the guards to turf him out if needs be :D

But this is the whole point. It isn’t about who has the power to do what; it is about what has always happened as a result of convention, and sadly the principle of convention has been somewhat undermined recently.

Only the Queen can appoint a Prime Minister and only the Queen can replace one. If Parliament wished to force Boris to resign then it would have to petition the Queen directly and ask her to do it. That would place her directly into a political position. In our constitution that’s about as close to pulling the nuclear trigger as you can get. If the alternative was a general election, following which Boris would resign in the conventional fashion if he lost, then there is absolutely no way the Queen would intervene. She would always follow the path that does not require her intervention.

BenMcr 06-08-2019 12:53

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36005082)
But again that precedes Parliament passing confidence in someone else. If they've done that how can he hold on?

Because as I read it, it doesn't force the government out directly.

They (and the PM) are allowed to stay during the 14 day window to try and regain the confidence of parliament. They can choose to hand over to someone else to try to form a government if they wish, but it's not required.
Quote:

The Cabinet Manual says that in the 14-day period: “an alternative Government can be formed from the House of Commons as presently constituted, or the incumbent Government can seek to regain the confidence of the House.”

If an alternative Government is formed, the fact that the second motion must express confidence in ‘Her Majesty’s Government’ means that its leader must have been appointed Prime Minister by the Queen before he or she can test the opinion of the House by putting the second motion.
The forcing out is if they can't gain confidence, and haven't allowed anyone else to, an election must be called.

Damien 06-08-2019 13:18

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Chris (Post 36005085)
Only the Queen can appoint a Prime Minister and only the Queen can replace one. If Parliament wished to force Boris to resign then it would have to petition the Queen directly and ask her to do it. That would place her directly into a political position. In our constitution that’s about as close to pulling the nuclear trigger as you can get. If the alternative was a general election, following which Boris would resign in the conventional fashion if he lost, then there is absolutely no way the Queen would intervene. She would always follow the path that does not require her intervention.

I think the Queen would be brought into irrespective when faced with a PM who refuses to leave despite having a Parliament that has confidence in someone else. That seems like a rubicon crossed if that ever actually happens. I mean what would she do if this were after an election and the existing PM refused to go? She would have to fire them.

The question is how far can you break convention before the Queen does have to enter politics? Because in the end, the buck does stop at her door.

From what we know about Boris Johnson I don't him being the one willing to do it either. I suspect this is a bluff.

Chris 06-08-2019 13:27

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36005089)
I think the Queen would be brought into irrespective when faced with a PM who refuses to leave despite having a Parliament that has confidence in someone else. That seems like a rubicon crossed if that ever actually happens. I mean what would she do if this were after an election and the existing PM refused to go? She would have to fire them.

From what we know about Boris Johnson I don't him being the one willing to do it either. I suspect this is a bluff.

You’re going too far down the road of “what ifs”. It isn’t after an election. Calling an election rather than resigning is unconventional but not illegal and I agree with Ben’s reading of the FTPA; that Act does in my view strengthen the PM’s moral authority to sit through two no confidence motions and then take it to the country rather than simply resigning.

Damien 06-08-2019 13:55

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Chris (Post 36005091)
You’re going too far down the road of “what ifs”. It isn’t after an election. Calling an election rather than resigning is unconventional but not illegal and I agree with Ben’s reading of the FTPA; that Act does in my view strengthen the PM’s moral authority to sit through two no confidence motions and then take it to the country rather than simply resigning.

Losing a no-confidence vote and going into an election is fine. No problem.

But there is a part of the FTPA that states another government can be formed in those 14 days without an election. We're talking about a scenario where that has happened, a confidence motion is passed in another grouping not led by Boris Johnson. In this case, they are saying they would ignore it.

In which case how does it even led to an election since the 14-day deadline was circumvented by the confidence motion?

Quote:

If this motion is carried, there is a 14 calendar-day period in which a Government may be confirmed in office by a resolution in the form:

“That this House has confidence in Her Majesty’s Government.”
The only confusion I can see here is if anyone is even allowed to try and form a government. Which is Ben's point here:

Quote:

They can choose to hand over to someone else to try to form a government if they wish, but it's not required.
But I don't see where that is specifically made clear.

If such a motion passes then how can Boris Johnson stay on and if he does how can he then call an election if, as my reading of the act leads me to believe, the 14-day deadline doesn't get reached?

What point of your point I am missing? Are we just disagreeing on if it's possible for another government to be formed because I don't see where that is made clear in the act....

---------- Post added at 12:55 ---------- Previous post was at 12:50 ----------

Looking at the cabinet advice thing: https://publications.parliament.uk/p.../1813/1813.pdf

Quote:

The Act provides no guidance on what occurs during the 14-day period following an
Fixed-term Parliaments Act 2011 no confidence motion being passed. As the Clerk of the
House told us, what occurs during this period is a matter politics, and not of procedure.
Evidence to this inquiry and the Cabinet Manual set out that the Prime Minister would
be expected to continue in office unless someone else could command the confidence
of the House. If someone else could command the confidence of the House, the Prime
Minster would be expected to resign. Not doing so would risk drawing the Sovereign
into the political process, something the Cabinet Manual is very clear it intends to avoid.
At any point during this period, a motion of confidence in Her Majesty’s Government
under the Fixed-term Parliaments Act 2011 could be put down and that that would
prevent the election. After 14 days a general election would automatically follow.
Suggests to me that another government could be formed and the cabinet office views it as the responsibility being on the PM to resign to avoid brining the Queen into it.

But if he doesn't then what? The advice there suggests no election and yet no government....

BenMcr 06-08-2019 13:55

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36005098)
The only confusion I can see here is if anyone is even allowed to try and form a government. Which is Ben's point here:

But I don't see where that is specifically made clear.

If such a motion passes then how can Boris Johnson stay on and if he does how can he then call an election if, as my reading of the act leads me to believe, the 14-day deadline doesn't get reached?

What point of your point I am missing? Are we just disagreeing on if it's possible for another government to be formed because I don't see where that is made clear in the act....

So there is a bit more in the Cabinet Manual than the previous page I linked to. This is in Section 2.19:

Quote:

The Prime Minister is expected to resign where it is clear that he or she does not have the confidence of the House of Commons and that an alternative government does have the confidence.
However it's 'expected' rather than 'required', so I still don't see that it forces a resignation.

The problem here is that this has never been tested in principle or law - currently the rules are all theoretical. By the time they're tested, it may be too late for the No Deal avoidance people are hoping these achieves.

Damien 06-08-2019 14:00

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by BenMcr (Post 36005100)

However it's 'expected' rather than 'required', so I still don't see that it forces a resignation.
.

Yup, but then we also don't have an election either way because the confidence motion was passed.

There is this massive loophole in the whole process where the election has been avoided, FTPA has done it's job, but the incumbent doesn't resign.

EDIT; Actually reading the flowchart there suggests the 14-day timer continues while they await the confidence motion. So yeah Boris can wait it out and refuse to resign.

BenMcr 06-08-2019 14:02

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36005101)
There is this massive loophole in the whole process where the election has been avoided, FTPA has done it's job, but the incumbent doesn't resign.

That would only happen if the government got a confidence vote after the no confidence one.

Otherwise without a confidence vote, the election must be called. But then the date is set by the outgoing government.

Damien 06-08-2019 14:07

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by BenMcr (Post 36005103)
That would only happen if the government got a confidence vote after the no confidence one.

Otherwise without a confidence vote, the election must be called. But then the date is set by the outgoing government.

Yeah, I thought the FTPA could be stopped simply by passing a confidence motion in someone else whilst in opposition. Reading the flowchart the words 'Parliament has Confidence in HMG' makes more sense. :D

I kind of want to see this all play out really. Be fun to see what actually happens in those 14 days.

Also, we probably need to legislate what happens if a PM refuses to resign to protect the Monarchy in future.

nomadking 06-08-2019 14:08

Re: [Update 2] PM Boris forms a government
 
Convention only applies when it's something the Liberals and the Left agree with. Eg Honouring a referendum vote.

ianch99 06-08-2019 14:49

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by Damien (Post 36005104)
Yeah, I thought the FTPA could be stopped simply by passing a confidence motion in someone else whilst in opposition. Reading the flowchart the words 'Parliament has Confidence in HMG' makes more sense. :D

I kind of want to see this all play out really. Be fun to see what actually happens in those 14 days.

Also, we probably need to legislate what happens if a PM refuses to resign to protect the Monarchy in future.

Protect the Monarchy from what exactly?

jonbxx 06-08-2019 17:46

Re: [Update 2] PM Boris forms a government
 
Hey, we could end like Belgium who didn't have a government for 535 days after their General Election in 2010 - https://brussels-express.eu/fun-fact...ut-government/

If Boris refused to go, I could see the Queen passing the buck to the Privy Council to sort things. There are some right characters in there - https://en.wikipedia.org/wiki/List_o..._Privy_Council

Hugh 06-08-2019 18:09

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by jonbxx (Post 36005116)
Hey, we could end like Belgium who didn't have a government for 535 days after their General Election in 2010 - https://brussels-express.eu/fun-fact...ut-government/

If Boris refused to go, I could see the Queen passing the buck to the Privy Council to sort things. There are some right characters in there - https://en.wikipedia.org/wiki/List_o..._Privy_Council

Quote:

How did the Belgians make it through the crisis?

Belgium managed its national affairs under a caretaker government run by Leterme.

OLD BOY 06-08-2019 20:01

Re: [Update 2] PM Boris forms a government
 
Quote:

Originally Posted by ianch99 (Post 36005065)
You forgot to add the important part that Johnson told the EU that he will not talk to them unless the backstop is removed:

https://www.theguardian.com/politics...scrap-backstop



In fact, the Leavers pulling Johnson's strings are quite brazen about it:

https://www.theguardian.com/politics...enario-eu-told



This whole deal spin is just a sham. Those who control the PM just want the ruinous No Deal. Nothing else. In fact the ERG are quite open about it:

Mark Francois says ERG will vote down Withdrawal Agreement even if Boris Johnson gets rid of the backstop

So even if the EU cave in which is unlikely, the ERG would impose their vision of hell on this country.

No deal is not 'ruinous' and Parliament won't approve a deal containing a backstop.

Chris 06-08-2019 20:17

Re: [Update 2] PM Boris forms a government
 
Also, there are plenty of Labour backbenchers who voted against the WA three times and are now waking up to the fact that all they may have achieved is to bring about the default alternative outcome, namely No Deal. If any kind of revised WA is put before the Commons, don’t be surprised to see it carried if not by Labour votes, but by a lot of Labour abstentions.

The ERG won’t be able to prevent a deal - if one is forthcoming of course.

1andrew1 06-08-2019 20:18

Re: [Update 2] PM Boris forms a government
 
Some great measured and informative posts in this thread recently in particular from BenMcr, Chris and Damien. Thanks, guys.

denphone 08-08-2019 18:06

Re: [Update 2] PM Boris forms a government
 
No 10 refuses to rule out election shortly after 31 October Brexit.

https://www.theguardian.com/politics...october-brexit

Quote:

Speculation about the timing of an autumn election is rife as Downing Street tries to figure out how to deal with the fallout if Tory rebels join with opposition parties to vote down the government.
Quote:

No 10 did not deny that this could be a possible course of action in the event of losing a no-confidence vote, after the Spectator mooted the possible date of a post-Brexit election as 1 November and the FT reported it would happen in the “days after”.
Pretty inevitable l would say.


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