Cable Forum - PM Boris forms a government

The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate.

The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%.

The ECB also said it was re-starting quantitative easing. It will buy €20bn of debt a month from 1 November.

I confess not to understand the negative interest stuff, but pretty darn sure that 'buying debt' didn't go so well a few years ago :rolleyes:

Propping up failing economies seems to be the in thing, pity we're still part of it

jfman

12-09-2019 17:31

Re: PM Boris forms a government

Quote:

Originally Posted by Carth (Post 36009864)

I may as well post this here, the other thread is still closed.

https://www.bbc.co.uk/news/business-49674176

I confess not to understand the negative interest stuff, but pretty darn sure that 'buying debt' didn't go so well a few years ago :rolleyes:

Propping up failing economies seems to be the in thing, pity we're still part of it

What it's telling you, along with Trump's trade wars and Boris and his bold spending plans, that capitalism is on its knees.

Hugh	12-09-2019 18:29

Re: PM Boris forms a government

Quote:

Originally Posted by Carth (Post 36009864)

Theres a big difference between debt and bad debt - the 2008 collapse was (mostly) due to bad debt being hidden in CDOs.

Hugh	12-09-2019 20:03

Re: PM Boris forms a government

1 Attachment(s)

https://www.thetimes.co.uk/article/c...548e161ef78e78

Quote:

Several Tory rebels who were expelled by Boris Johnson after voting for legislation that blocks a no-deal Brexit on October 31 have been invited to apply to rejoin the party.

In a move that could pave the way for a climbdown, Mark Spencer, the chief whip, wrote to some of the 21 MPs, including Philip Hammond, the former chancellor, on Monday to make the offer. Mr Hammond continues to question the legality of the original decision, according to his allies.

Mr Spencer warned the rebels that he had sole discretion about whether to allow an appeal against their expulsion. He also insisted that the original decision was justified to restore discipline. “For too long the Conservative government has been hampered by those who believe that the normal rules of party politics do not apply to them,” he said.

Screen cap of article attached.

Mr K	12-09-2019 20:40

Re: PM Boris forms a government

Quote:

Originally Posted by Hugh (Post 36009878)

https://www.thetimes.co.uk/article/c...548e161ef78e78

Screen cap of article attached.

So only 'favoured' rebels then !? If they have any self respect, they'll tell the party to 'do one'.

Bozza is desperate for votes, wonder why? Is he about to knife the DUP?

BenMcr

12-09-2019 23:05

Re: PM Boris forms a government

Quote:

Originally Posted by pip08456 (Post 36009861)

After the Acts of Union, in 1707 English law became one of two legal systems in different parts of the same united kingdom

Yes, that's when the whole island of Ireland was part of the United Kingdom and covered by English law. However:

https://en.m.wikipedia.org/wiki/Northern_Ireland_law

Quote:

Northern Irish law refers to the legal system of statute and common law operating in Northern Ireland since the partition of Ireland established Northern Ireland as a separate jurisdiction within the United Kingdom in 1921.

Maggy

12-09-2019 23:06

Re: PM Boris forms a government

Quote:

Mr Spencer warned the rebels that he had sole discretion about whether to allow an appeal against their expulsion. He also insisted that the original decision was justified to restore discipline. “For too long the Conservative government has been hampered by those who believe that the normal rules of party politics do not apply to them,”

Pot,kettle,black..

pip08456

13-09-2019 08:16

Re: PM Boris forms a government

Quote:

Originally Posted by BenMcr (Post 36009897)

Yes, that's when the whole island of Ireland was part of the United Kingdom and covered by English law. However:

https://en.m.wikipedia.org/wiki/Northern_Ireland_law

Quote:

The Supreme Court is the highest court in the land for both criminal and civil appeal cases in Northern Ireland and any decision it makes is binding on every other court in the same jurisdiction, and often has persuasive effect in its other jurisdictions.

BenMcr

13-09-2019 08:31

Re: PM Boris forms a government

Yes, the Supreme Court's jurisdiction is the UK, so affects all three law areas within the UK.

The recent rulings were in the High Court in Northern Ireland, the Court of Session in Scotland, and the High Court for England and Wales. Each of those are the highest court within their own law area and as far as I understand it have equal legal standing to one another.

You can't say that the Scottish ruling only applies to Scotland and then say the Northern Ireland ruling can apply to Westminster and Parliament and across the UK.

So it will be the Supreme Court that now has to decide due to the different rulings, and I hope everyone agrees with our highest court whichever way it falls, as dragging doubt of law into Brexit shouldn't be anything anybody wants.

Carth

13-09-2019 10:11

Re: PM Boris forms a government

Quote:

Originally Posted by BenMcr (Post 36009907)

. . . dragging doubt of law into Brexit shouldn't be anything anybody wants.

where have you been for the last few months? :D ;)

Mick	13-09-2019 10:46

Re: PM Boris forms a government

Quote:

Originally Posted by BenMcr (Post 36009907)

Using the Judiciary to test legal standards against a Royal Prerogative power is unconstitutional, but we do not have a written constitution, therein, we are in untested times. We should not be bringing such matters in to the political arena.

Pierre

13-09-2019 13:00

Re: PM Boris forms a government

I haven't read the judgement, but if suspending parliament is "unlawful" what law has been broken?

papa smurf

13-09-2019 13:46

Re: PM Boris forms a government

Quote:

Originally Posted by Pierre (Post 36009923)

I haven't read the judgement, but if suspending parliament is "unlawful" what law has been broken?

It's here in our unwritten constitution

A .......................................
B.............................................
C.................................................

:)

Given the shenanigans going on in parliament and the unelected house, a law could be cobbled together and applied retrospectivly .

Mick	13-09-2019 14:44

Re: PM Boris forms a government

John Bercow at it again last night, seriously destroying the historic role of the Speaker. Threatening Boris, not to break the Benn law passed last week.

Brexit is breaking our Constitution and it will need absolute reform. Radical remainers have become constitutional vandals. Cobbling dodgy laws via the legislature.

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