16-05-2017, 16:46
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#511
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 13,740
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Re: June 8th General Election
Quote:
Originally Posted by Osem
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he doesn't need too he's nationalising hope .
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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16-05-2017, 16:52
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#512
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Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,394
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Re: June 8th General Election
Quote:
Originally Posted by peanut
◾Cuts to bereavement support payment will be scrapped, as will the bedroom tax and the "punitive sanctions regime"
I'd say that's a start at least. It'll be interesting to see what the Tories are going offer those that really need help. Or will they just concentrate on helping the rich at the poor's expense.
Though they are all as bad as each other anyway.
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That about sums it up peanut as truth and sincerity are in very short supply sadly with most politicians nowadays.
__________________
“The only lesson you can learn from history is that it repeats itself”
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16-05-2017, 17:55
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#513
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Inactive
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
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Re: June 8th General Election
... and here's McDonnell explaining how what Labour said would be fully costed manifesto proposals aren't fully costed in the case of water privatisation which would cost many tens of billions.
https://order-order.com/2017/05/16/m...-fully-costed/
Not really a surprise is it. They just can't seem to get a grip on those pesky numbers.
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17-05-2017, 01:21
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#514
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cf.mega pornstar
Join Date: Jan 2006
Posts: 18,849
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Re: June 8th General Election
Quote:
Originally Posted by heero_yuy
Labour's plan for 30% corpoaration tax is going to make Ireland's 12.5% look very attractive to big business whereas smaller businesses that have already been hard hit by revalued business rates, cannot re-locate and are struggling are likely to go under.
The current rate here around 20% on many £billions is better than 30% of diddley squat.
It happened under Labour in the 70's with the resulting mass unemployment and rocketing interest rates. Under Corbyn's . Labour it would happen again only much worse. The last few years in France and more severely Venezuela, should be a lesson to all.
Could you afford your mortgage with a 15% interest rate?
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What like it was under John Major?
I read an interesting article on the '70's crisis (cough, to young to remember it) that said LBJ threatened to wreck the UK economy if we didn't join the war in Vietnam, not many years later that happened, not sure if it's true or to what extent there was economic arm twisting or if I'm even remembering the article 100% correctly!!
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17-05-2017, 08:37
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#515
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Perfect Soldier
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 67
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Posts: 11,023
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Re: June 8th General Election
Quote:
Originally Posted by TheDaddy
What like it was under John Major?
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Now you know full well that that is not a valid comparison: The sky high interest rate under Major was due to the almost suicidal attempt to stay in the snake, the predecessor of the Euro, and was only temporary. Unlike the economic failure under Calaghan that had us going begging, cap in hand, to the IMF for a bailout worth £8bn in todays money to prevent the country going bankrupt as no one else would loan us anything as "The sick man of Europe" couldn't pay it's debts.
Quote:
I read an interesting article on the '70's crisis (cough, to young to remember it) that said LBJ threatened to wreck the UK economy if we didn't join the war in Vietnam, not many years later that happened, not sure if it's true or to what extent there was economic arm twisting or if I'm even remembering the article 100% correctly!!
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I'll get my tin foil hat out.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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17-05-2017, 10:03
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#516
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Trollsplatter
Cable Forum Team
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 37,105
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Re: June 8th General Election
Quote:
Originally Posted by TheDaddy
What like it was under John Major?
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You'd have to ask Edwina Currie.
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17-05-2017, 10:03
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#517
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Inactive
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
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Re: June 8th General Election
Quote:
Originally Posted by heero_yuy
Now you know full well that that is not a valid comparison: The sky high interest rate under Major was due to the almost suicidal attempt to stay in the snake, the predecessor of the Euro, and was only temporary. Unlike the economic failure under Calaghan that had us going begging, cap in hand, to the IMF for a bailout worth £8bn in todays money to prevent the country going bankrupt as no one else would loan us anything as "The sick man of Europe" couldn't pay it's debts.
I'll get my tin foil hat out.
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Labour's capacity to mismanage the economy is legendary and it's always been others who've had to pick up the pieces and do the dirty work to get things back on track. It wasn't the Tories who let the banking sector run riot, it was a certain G. Brown.
Even now we're having to pay £billions in interest every year on the massive debts accrued on their watch and if Brown had won in 2010, they'd have faced the very same problem rather than the coalition, then and the Tories now.
Last edited by Osem; 17-05-2017 at 10:18.
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17-05-2017, 10:22
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#518
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,223
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Re: June 8th General Election
Quote:
Originally Posted by Osem
Labour's capacity to mismanage the economy is legendary and it's always been others who've had to pick up the pieces and do the dirty work to get things back on track.
Even now we're having to pay £billions in interest every year on the massive debts accrued on their watch and if Brown had won in 2010, they'd have faced the very same problem rather than the coalition.
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And yet public sector debt is much bigger now than under labour and still rising, even after 7 years of austerity. Maybe the medicine isn't working.
[img][/img]
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17-05-2017, 10:57
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#519
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cf.mega poster
Join Date: Dec 2013
Posts: 14,343
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Re: June 8th General Election
Quote:
Originally Posted by Mr K
And yet public sector debt is much bigger now than under labour and still rising, even after 7 years of austerity. Maybe the medicine isn't working.
[img][/img]
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An interesting chart.
The trouble is that the UK doesn't want to pay the taxes necessary to pay down the debt and cover the spending levels we need given increased demands on the NHS and other areas. We'd rather discuss inefficiencies in Government spending whilst letting future generations pick up the tab.
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17-05-2017, 11:24
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#520
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Trollsplatter
Cable Forum Team
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 37,105
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Re: June 8th General Election
Quote:
Originally Posted by Mr K
And yet public sector debt is much bigger now than under labour and still rising, even after 7 years of austerity. Maybe the medicine isn't working.
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Another Labour cheerleader who doesn't appear to understand the difference, and the relationship between, deficit and debt.
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17-05-2017, 11:26
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#521
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 13,740
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Re: June 8th General Election
Quote:
Originally Posted by Chris
Another Labour cheerleader who doesn't appear to understand the difference, and the relationship between, deficit and debt.
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a student of the Diane Abbott school of economics
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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17-05-2017, 11:45
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#522
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Cable Forum Team
Join Date: Jun 2003
Posts: 15,105
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Re: June 8th General Election
Quote:
Originally Posted by Chris
Another Labour cheerleader who doesn't appear to understand the difference, and the relationship between, deficit and debt.
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Mr K, take heed, this is Education education education.
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17-05-2017, 11:46
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#523
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,223
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Re: June 8th General Election
Quote:
Originally Posted by Chris
Another Labour cheerleader who doesn't appear to understand the difference, and the relationship between, deficit and debt.
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I understand this Govt. has totally failed to generate any significant growth, although they are very good at cutting, I'll give them that.
p.s. I've never voted Labour.
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17-05-2017, 12:16
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#524
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[NTHW] pc clan
Join Date: Jun 2003
Location: Tonbridge
Age: 56
Services: Amazon Prime Video & Netflix. Deregistered from my TV licence.
Posts: 21,950
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Re: June 8th General Election
Quote:
Originally Posted by Chris
You'd have to ask Edwina Currie.
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At least Major had slightly better taste than Corbyn!
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Step by step, walk the thousand mile road...
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17-05-2017, 12:21
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#525
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Inactive
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
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Re: June 8th General Election
Quote:
Originally Posted by papa smurf
a student of the Diane Abbott school of economics
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A senior lecturer more like.
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