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Re: Brexit
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Comrade Corbyn is loving all this, Boris is also his route to power. |
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Of all the candidates vying to be PM to replace Theresa May, it is Boris who is most likely to win over Labour voters. If Boris becomes PM (which is now a foregone conclusion), the Conservative Party will rise again and Labour will be nowhere to be seen. Provided, of course, that Brexit is delivered. *But we already knew that, didn't we? |
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The issue abuut Boris's proposal regarding the higher rate of tax simply re-sets the position to where it was when the higher tax rate was introduced. This happens more regularly with other taxes (for example the minimum wage, which is increased annually) and it is long overdue. You may not be aware, but when tax rates for higher earners is reduced, it tends to bring in more income for the treasury and so there is no case for leaving these rates as they are. A Brexit without a deal would not be a disaster. That is just hype based on forecasts which take into account only the downsides without giving credit for the upsides. The result is unduly pessimistic forecasts, which is no surprise, surely? Corbyn would totally ruin the economy, and the poor would be the first to suffer. Could you manage with the rampant inflation that would be caused by the excessive money printing programme he would have implemented for his ridiculous spending projects? That would be just the start, believe me. The money makers would invest their dosh elsewhere and emigrate. So there would be little investment and Corbyn would boast that he had abolished the rich in this country. Then he would find that tax income had slumped and so tax rates for everyone (including those currently not taxed under Conservative policies) would rise substantially. Everyone still living in the UK would end up poorer (except the Westminster elite and their hangers on) and Corbyn would say he had achieved pay equality outside his little bubble. The Conservatives have received a bad press as a result of the austerity measures introduced to avoid the bankruptcy we were headed towards after the Blair/Brown mismanagement of the economy over 13 years, which saw Gordon Brown plunder our gold reserves, steal money from our pension schemes and squander it all with not much to show for it.. However, the end of austerity is now with us, and you will soon see what the Conservatives can do to help the poor. If they get another term at the end of this Parliament with a decent majority, you will see what I mean by that. The best man for that job is Boris, because he can deliver Brexit and he can get the votes from the electorate. You'll see. |
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"Significant damage to the economy" doesn't seem to bother the the majority of current Tory party members, depending on what they're getting in return of course. |
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In retrospect we would probably have done better to have copied the example from America where they had a massive stimulus package to try and boost the economy. Compare the 2008-2018 performance of the U.S. Economy to our own. Obviously that's speculative, there is no way to know for sure, but austerity wasn't the answer either. |
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I'm not convinced that a stimulus package would have been the answer in our case. We have had pretty full employment here, and such a package would have required money we did not have, which would have meant more borrowing. Shame that Gordon Brown spent all our gold reserves and left no balances. Same old Labour shambles. |
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And whilst the deficit has reduced, our debt as a % of GDP has doubled - not so good. |
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Brown did sell off a lot of gold but I don't see the massive issue around it. You can only sell it once, it doesn't provide a stream of income, we don't use it to back our currency. So the only real reason to hold it is to later have an intent to sell it. The issue is then when do you sell it and this is where Brown made a mistake as gold later increased in price. However we only know that in hindsight - gold doesn't naturally have to increase in value. You might as well call him an idiot for not moving the money into Apple shares.
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