Do you want to discuss boring politics? (10 Viewers)

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MalcSB

MalcSB

Well-Known Member
shmmeee said:
You think it’s made up. There’s no evidence either way. That’s politics. Labour didn’t crash the economy in 2008 but the Tories dined out on that for 14 years.
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Only because a twat left physical evidence in the form of a note. It’s a bit daft to do so even if it was intended as a joke,
 
shmmeee

shmmeee

Well-Known Member
MalcSB said:
Only because a twat left physical evidence in the form of a note. It’s a bit daft to do so even if it was intended as a joke,
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What’s daft is to pretend decades old political traditions aren’t just that. And he didn’t admit it. He said there’s no money, not “we crashed the economy”.

Do you have a single belief that’s not based on nonsense?
 
W

wingy

Well-Known Member
MalcSB said:
This isn’t about anyone being a political genius, which Starmer equally clearly isn’t.

This is about someone making something up, spreading it as if it was undeniable fact 🤣 and damaging someone’s reputation, potentially contributing to the loss of their seat as an MP. I hope she does sue, wins and that it acts as a marker to politicians that they don’t have carte balance to spout a load of lies.

Can you imagine a world where politicians were open, honest and answered questions they wer asked rather than the ones that they had prepared for.

We would be living in a world where you could buy Kentucky Fried Spicy Pork Wings mind yo, but that wouldn’t necessarily be too bad. Unless the porcine bastards were taking a rest on your guttering.
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Have you walked around a supermarket lately, absolute carnage, apparently it's the post Xmas shortage!
I still think the BOE could have done more, whoever got the gig.
 
MalcSB

MalcSB

Well-Known Member
www.dailymail.co.uk

UK borrowing costs and Pound are hammered AGAIN

The yield on 10-year gilts rose further to 4.85 per cent this morning, while for 30-year the level was up to 5.41 per cent. And the problems gathered pace at lunchtime.
www.dailymail.co.uk www.dailymail.co.uk

Dont read the right wing Tory press article. Watch the video of her non appearance in Parliament. How many times have they done that in 6 months. Fucking cowards.
 
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MalcSB

MalcSB

Well-Known Member
shmmeee said:
Whaaat? Being Chancellor is more stressful than being Shadow Chancellor? I’m shocked!
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It is when you realise you have fucked it up despite your party having 14 years to think about what they wanted to do.

As an economist she should have had her eyes open. I guess the jump from retail bank customer support team manager to Chancellor was just a bit of a big one.
They clearly thought being in power would be easy
 
shmmeee

shmmeee

Well-Known Member
MalcSB said:
It is when you realise you have fucked it up despite your party having 14 years to think about what they wanted to do.

As an economist she should have had her eyes open. I guess the jump from retail bank customer support team manager to Chancellor was just a bit of a big one.
They clearly thought being in power would be easy
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What are you even basing this on. I posted the data that shows gilt and GBP fluctuations have been less under Reeves than any previous chancellor with even the bad days not being close to the Truss mini budget.
 
Bugsy

Bugsy

Well-Known Member
CovValleyBoy said:
Looks like we have run out of money : the good news is we still have a weeks supply of gas.
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Is this the government or CCFC U on about lol 🤣
 
MalcSB

MalcSB

Well-Known Member
shmmeee said:
We’re talking about multiple things here.

On boats I think it’s a fairness thing and the numbers are fairly irrelevant if we can show everyone has genuine need. I’m not sure we can do that, but in theory.

On work I think most would accept high skill workers but we don’t need to import Deliveroo drivers or barbers.

On study I think again as long as people are tracked and leave when they should I don’t think most would care.

The problem is I’m not sure what you could do to make people trust the asylum process and education visa process again.

if Coventry University (London Campus) shuts down I don’t think anyone would shed a tear, but we’ve got some genuinely high quality institutions doing good work in otherwise economic deserts that do rely on (genuine) foreign students.
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Is London an economic desert?
 
MalcSB

MalcSB

Well-Known Member
CovValleyBoy said:
I do believe storage plant facility project was recently cancelled (?)
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Well, is that a huge surprise given this governments attitude to new oil licences etc? And their stated aim for renewables?

Why would any company spend a fortune on something which won’t get used. Surely a project for GB Energy.
 
chiefdave

chiefdave

Well-Known Member
MalcSB said:
Well, is that a huge surprise given this governments attitude to new oil licences etc? And their stated aim for renewables?

Why would any company spend a fortune on something which won’t get used. Surely a project for GB Energy.
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You're not going to be happy but it wasn't under this government that all the gas storage was shut down.
www.theguardian.com

‘Relying on luck’: why does the UK have such limited gas storage?

Analysis: Closure of huge storage plant, misplaced optimism in fracking and demise of North Sea gas have all played a part
www.theguardian.com www.theguardian.com
 
MalcSB

MalcSB

Well-Known Member
chiefdave said:
You're not going to be happy but it wasn't under this government that all the gas storage was shut down.
www.theguardian.com

‘Relying on luck’: why does the UK have such limited gas storage?

Analysis: Closure of huge storage plant, misplaced optimism in fracking and demise of North Sea gas have all played a part
www.theguardian.com www.theguardian.com
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I do know that. But investment in new storage was cancelled under this government. As your article says, it’s Uk energy policies that are the issue. That being the case, such investment should fall on the government if they want to avoid running out during a very cold spell and a consequential increase in unexpected deaths and hospitals full of semi frozen patients.
 
C

CCFCSteve

Well-Known Member
fernandopartridge said:
The Deficit Myth
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Thought of you the other day FP when I saw Kelton on Bloomberg. At the end of the interview she’s very much labouring the risk of inflation which is what most people have always said is the major risk/concern with people’s interpretation on MMT

www.bloomberg.com

Breaking the Mold: Brian Moynihan's Enduring Tenure, AI Enters Food Space

This week, we follow Brian Moynihan's tenure of "responsible leadership" at Bank of America and the network of regional presidents he has developed. We look at the role of AI in feeding the growing need for healthier snacks, and the intersection of geopolitics and economic risks in the coming...
www.bloomberg.com www.bloomberg.com

What I’m not sure about is whether some people who follow MMT theory are willing to link the fact that if there’s inflation, central banks will increase rates, which means it costs more for governments to borrow, governments then need to print more to service borrowing costs and by doing so they then debase the value of their currency

I agree with the principle that basically governments can borrow/print as much as they want* but ultimately unless inflation remains low/stable and you can service the deficit without printing ever increasing amounts (QE) you end up debasing the currency ie people can’t afford to buy as much with the £/$ in their pocket.

I’ve always seen inflation/debasing currency as the most unprogressive form of tax on a population ie it ultimately costs the poorest the same as it costs the richest. The richest though own/can buy tangible assets which in many cases appreciate in value against the ever depreciating £/$. The gamble for governments is whether they can improve the lives of the population to justify the borrowing and debasement….it remains unprogressive/sneaky form of taxation though

*people can view taxation as taking money out of economy to help control inflation or reduce the amount that governments have to borrow, doesn’t bother me - either way people will need to be taxed at a certain level to make either theory/system work
 
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