Re: General Election campaign : Mon Mar 09, 2020 2:36 pm  

What is the current stock market "crash" going to do to the Tories and Boris' spending plans.
Our flat ecconomy is now taking on water. Glug, glug, glug.

More austerity or could Boris adopt the Labour policy of spending our way out of trouble. Oh the irony !

The US stock market has been suspended and there is every chance that others may follow, some major, major Schmidt lays ahead.

Re: General Election campaign : Mon Mar 09, 2020 4:29 pm  

wrencat1873 wrote:

What is the current stock market "crash" going to do to the Tories and Boris' spending plans.
Our flat ecconomy is now taking on water. Glug, glug, glug.

More austerity or could Boris adopt the Labour policy of spending our way out of trouble. Oh the irony !

The US stock market has been suspended and there is every chance that others may follow, some major, major Schmidt lays ahead.

It was suspended for 15 minutes - this is being caused by an oil war simple Russia v Saudi Arabia. Does the lowering of a stock impact government spending - no it doesn't.

Does a virus that "could" impact millions yes - best thing is we all get it a few will die but they could have done anyway get it over and done with - symptoms for most are very minor, doesn't seem to impact kids or normally healthy people.

Re: General Election campaign : Mon Mar 09, 2020 6:13 pm  

wrencat1873 wrote:

What is the current stock market "crash" going to do to the Tories and Boris' spending plans.
Our flat ecconomy is now taking on water. Glug, glug, glug.

More austerity or could Boris adopt the Labour policy of spending our way out of trouble. Oh the irony !

The US stock market has been suspended and there is every chance that others may follow, some major, major Schmidt lays ahead.

Was listening to politics live today, the census seemed to be that Boris might lower taxes (might have been corporation Tax not income tax) instead of keeping them as they are, and that they will carry on borrowing as the interest rate is so low and therefore would be foolish not to.

Re: General Election campaign : Mon Mar 09, 2020 9:43 pm  

Sal Paradise wrote:

Does a virus that "could" impact millions yes - best thing is we all get it a few will die but they could have done anyway get it over and done with - symptoms for most are very minor, doesn't seem to impact kids or normally healthy people.

This sums up the difference between the wartime generation and the entitled boomers and descendants that came after them.

Wartime generation - literally risked their lives to keep their fellow citizens from losing their freedom to the Nazis. Then lived through years of rationing and lower living standards to build up a society based on providing housing and a welfare state on the principle that the most vulnerable in society were the priority.

The generations that followed - as long as I'm alright, feck the vulnerable.

The sad thing is the dwindling number of WWII vets are the most vulnerable right now. In their 90s or older, probably in failing health. Their time on this earth is limited and they understand that. But they deserve better than to die on a trolley in an overstretched ward because of an NHS that has had to make 'harsh prioritisation decisions' due to being swamped by an epidemic that could have been mitigated through people putting up with some minor inconveniences that weren't even close to what people had to go through during the war.

Re: General Election campaign : Mon Mar 09, 2020 9:55 pm  

sally cinnamon wrote:

This sums up the difference between the wartime generation and the entitled boomers and descendants that came after them.

Wartime generation - literally risked their lives to keep their fellow citizens from losing their freedom to the Nazis. Then lived through years of rationing and lower living standards to build up a society based on providing housing and a welfare state on the principle that the most vulnerable in society were the priority.

The generations that followed - as long as I'm alright, feck the vulnerable.

The sad thing is the dwindling number of WWII vets are the most vulnerable right now. In their 90s or older, probably in failing health. Their time on this earth is limited and they understand that. But they deserve better than to die on a trolley in an overstretched ward because of an NHS that has had to make 'harsh prioritisation decisions' due to being swamped by an epidemic that could have been mitigated through people putting up with some minor inconveniences that weren't even close to what people had to go through during the war.

What a load of garbage, do you believe even half of the crud you type?

Re: General Election campaign : Tue Mar 10, 2020 8:49 am  

POSTL wrote:

Was listening to politics live today, the census seemed to be that Boris might lower taxes (might have been corporation Tax not income tax) instead of keeping them as they are, and that they will carry on borrowing as the interest rate is so low and therefore would be foolish not to.

Borrowing on the never, never is what got us to where we are now.
Hell, we've just had 10 years of austerity to try and reduce the nations debt and now you are advocating borrowing more, interesting.

What we will find out is that despite all of the Brexit rhetoric, all of those EU immigrants weren't actually the problem but, that they were a handy scapegoat.

Despite all of the "strong and stable", "get Brexit done" tag lines, our ecconomy is not strong or stable and Brexit is just a smokescreen.

Re: General Election campaign : Tue Mar 10, 2020 1:04 pm  

wrencat1873 wrote:

Borrowing on the never, never is what got us to where we are now.
Hell, we've just had 10 years of austerity to try and reduce the nations debt and now you are advocating borrowing more, interesting.

What we will find out is that despite all of the Brexit rhetoric, all of those EU immigrants weren't actually the problem but, that they were a handy scapegoat.

Despite all of the "strong and stable", "get Brexit done" tag lines, our economy is not strong or stable and Brexit is just a smokescreen.

Can I just ask where have I advocated spending more?, I assume it may have been my comment "it would be rude not to" with regards to the low interest rates, theses were the comments of a A financial expert in answer to what Johnsons views may be on future spending.

Re: General Election campaign : Tue Mar 10, 2020 10:56 pm  

When the interest rate at which government can borrow is lower than the rate at which the private sector is borrowing, and the private sector is not investing, it makes sense for government to fill the gap.

If the investment is used on infrastructure projects that improve the UK's production capacity then you can get a higher return (through future taxes) than the repayments of the debt, so it isn't necessarily "burdening future generations", any more than a private company borrowing to finance productive investment burdens future shareholders.

If the money is squandered...well thats a different matter.

Also where government debt is held by UK institutions, when the government repays the debt it isn't money lost to the economy, it gets paid in to the private sector.

Re: General Election campaign : Wed Mar 11, 2020 12:28 pm  

My son works for a prominent merchant bank in the US and their view is before long the UK will be getting paid to borrow money

Re: General Election campaign : Fri Mar 13, 2020 12:44 am  

Sal Paradise wrote:

My son works for a prominent merchant bank in the US and their view is before long the UK will be getting paid to borrow money

And yet Jeremy Corbyn was going to "crash the economy" through borrowing....