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fishbiscuits Wrote:

-------------------------------------------------------

> "Fully costed"... as Labour keep telling us.

> Except their massive re-nationalisation scheme

> will involve...

>

> - Issuing tens, or hundreds of billions of pounds

> worth of bonds

> - Buying shares at inflated rates, either due to

> typical takeover premiums, or market shock, or

> both

> - Relying on these companies to return almost

> perpetual profit to meet bond repayments, impeding

> reinvestment

> - Depreciating assets due to natural decline of

> some sectors (e.g. mail)



Labour is publishing a separate "grey book" alongside its manifesto, to show how it will fund its promises.

Sue Wrote:

-------------------------------------------------------

> Labour is publishing a separate "grey book"

> alongside its manifesto, to show how it will fund

> its promises.


Yes yes, but it will almost certainly claim that the nationalisation programme doesn't need funding because the asset offsets the liability. This has been their line all along.

dbboy Wrote:

-------------------------------------------------------

> Funniest thing this morning on radio 4 was Angela

> Rayner boasting that when she was Education

> minister on 13th December she'd abolish tuition

> fee's. It was so arrogant of her, it was cringe

> worthy. Can't wait till the 13th to see her swept

> away.


Sajid Javid wasn't that good on Sky News - Just wants to talk about Labour not his own policies.


Seems we have one of the worst groups of politicians in memory

Half the electorate weren't alive when Derek Robinson was active. You've also fallen into the trap as 40 years ago the press was as rabid as they are now. I expect that Labour is full of candidates with similar politics to Mr R. Perhaps you might want to contribute more constructively to the debate.


It's like saying how long before an Enoch Powell or Oswald Moseley emerges if BoJo gets into power.

DulwichFox Wrote:

-------------------------------------------------------

> How will Labour fund its promises.. ?

>

> If you drive a car, I'll tax the street

> If you try to sit, I'll tax your seat

> If you get too cold, I'll tax the heat

> If you take a walk, I'll tax your feet

>

> 'Cause I'm the taxman, yeah, I'm the taxman



Unless you earn over ?80,000 , Labour's changes are not likely to affect your income :)

Sue Wrote:

-------------------------------------------------------

> DulwichFox Wrote:

> --------------------------------------------------

> -----

> > How will Labour fund its promises.. ?

> >

> > If you drive a car, I'll tax the street

> > If you try to sit, I'll tax your seat

> > If you get too cold, I'll tax the heat

> > If you take a walk, I'll tax your feet

> >

> > 'Cause I'm the taxman, yeah, I'm the taxman

>

>

> Unless you earn over ?80,000 , Labour's changes

> are not likely to affect your income :)



Well, they sorta will, as they will kill the economy, and probably make your income zero, because you won't have a job.....but it's okay, coz we can all wrap ourselves in a blanket of comfort that we stuck it to the rich guys.....

JohnL Wrote:

-------------------------------------------------------

> dbboy Wrote:

> --------------------------------------------------

> -----

> > Funniest thing this morning on radio 4 was

> Angela

> > Rayner boasting that when she was Education

> > minister on 13th December she'd abolish tuition

> > fee's. It was so arrogant of her, it was cringe

> > worthy. Can't wait till the 13th to see her

> swept

> > away.

>

> Sajid Javid wasn't that good on Sky News - Just

> wants to talk about Labour not his own policies.

>

> Seems we have one of the worst groups of

> politicians in memory


Maybe it's time to raise MP pay.......;)

I'm going to vote conservative as I want the NHS sold to USA medical corporations so that the vulnerable in our country are unable to access the medical help they need.


OR


I'm going to vote Labour as they have a very socialist manifesto (great - more money for NHS, school, infrastructure) that requires such huge investment it can only come from rich people (who can choose to live elsewhere, effectively reducing the tax they currently pay - which isn't enough)



Wait, hold on......

Does anyone seriously think that the Cons want to 'sell' the NHS or make health care unaffordable?


Everyone is aware - even the flint hearted Tories - that the NHS is as close to a religion as we get in this septic isle and to attempt to do anything with it but tinker at the edges would bring a 2,000 tonne shithammer down on their heads


The fact that the NHS needs a major overhaul is something none of them can address because to do so would be to invite street riots.


Have no fear ye wee trembling, superstitious folk, you won't be getting your wounds bandaged whilst being force fed chlorinated chicken at a $1,000 dollars a second any time soon

Captain Marvel Wrote:

-------------------------------------------------------

> Does anyone seriously think that the Cons want to

> 'sell' the NHS or make health care unaffordable?

>

> Everyone is aware - even the flint hearted Tories

> - that the NHS is as close to a religion as we get

> in this septic isle and to attempt to do anything

> with it but tinker at the edges would bring a

> 2,000 tonne shithammer down on their heads

>

> The fact that the NHS needs a major overhaul is

> something none of them can address because to do

> so would be to invite street riots.

>

> Have no fear ye wee trembling, superstitious folk,

> you won't be getting your wounds bandaged whilst

> being force fed chlorinated chicken at a $1,000

> dollars a second any time soon


you haven't got a clue what you're talking about

Captain Marvel Wrote:

-------------------------------------------------------

> Does anyone seriously think that the Cons want to

> 'sell' the NHS or make health care unaffordable?

>

> Everyone is aware - even the flint hearted Tories

> - that the NHS is as close to a religion as we get

> in this septic isle and to attempt to do anything

> with it but tinker at the edges would bring a

> 2,000 tonne shithammer down on their heads

>

> The fact that the NHS needs a major overhaul is

> something none of them can address because to do

> so would be to invite street riots.

>

> Have no fear ye wee trembling, superstitious folk,

> you won't be getting your wounds bandaged whilst

> being force fed chlorinated chicken at a $1,000

> dollars a second any time soon



it'll be like an onion - they'll remove the NHS layer at a time.


https://www.independent.co.uk/news/uk/politics/nhs-us-trade-deal-trump-boris-johnson-healthcare-drug-prices-liz-truss-a9175261.html

Captain Marvel Wrote:

-------------------------------------------------------

> I can't (paywall) see that but I guess it's the

> Indy usual

>

> PK, since you obviously have a clue, please

> enlighten me



If you think ?enlightenment? comes off a few words of a local forum, I guess it just shows how clueless you are


I suspect you know what you?ve written is not based on reality, but you think it?s funny or clever


To start, you could ask yourself whether you know anything about how the US will save the day (but not the environment) or whether no one does (because in fact no one does) and in fact they won?t

Mahoody Wrote:

-------------------------------------------------------

> Corbyn has been on a promising a totally

> unrealistic spending spree that can only be done

> through increasing debt with the inevitable

> consequences. As the debt gets bigger, the

> interest rate goes up. It's like maxing out on

> multiple credit cards. It all catches up in the

> end.


The Tories are warning voters that Jeremy Corbyn would wreck the economy. I?m sure they?re right. I?ve got just one question.


Why should the rest of the country believe them?


After all, many Tories have spent the past three years telling the public to ignore all predictions about the economy, because predictions about the economy are always wrong. Lurid depictions of economic armageddon are merely Project Fear. Our great British businesses will thrive no matter what, and to suggest otherwise is to talk Britain down. If we can survive the Blitz, we can survive anything. And anyway, some things are more important than money.

Interesting graph Mahoody, can you credit a source to it and provide context.


I suspect the negative growth in the chart also relates to companies being over taxed and either closing or restricting growth due to lack of finances or imperative to grow.


Sadly taxing the rich and businesses had never resulted in equality as the resultant collapse of economic growth results in job losses and downwards pressure on wages further down the employment chain.


With retail suffering from online competition at the moment, we should be encouraging them to survive and create local jobs, not adding tax pressure to their struggling finances.

pk Wrote:

-------------------------------------------------------


'If you think ?enlightenment? comes off a few words of a local forum, I guess it just shows how clueless you are


I suspect you know what you?ve written is not based on reality, but you think it?s funny or clever


To start, you could ask yourself whether you know anything about how the US will save the day (but not the environment) or whether no one does (because in fact no one does) and in fact they won?t'



pk! I'm crushed! However, I didn't say the US would save anything

Mahoody Wrote:

-------------------------------------------------------

> a) There is an inverse relationship between growth

> and spending. Any govt borrowing (to "invest")

> has to be repaid later together with interest. The

> more govt borrows, the higher the interest rate.

> All of the repayments have to come out of tax on

> people and business. After a few years the burden

> of repayments means that govt has to cut back on

> services and employment - especially in the civil

> service and state sector eg NHS, education &

> social care. An unvirtuous circle.


No government I know of has ever paid back borrowing for long - Thatcher did for a while (The Public Sector Debt Repayment) - they do pay the interest. Trump is also borrowing heavily at low interest rates - very heavily - at the moment and it appears to be working as US growth is going well This economist (Olivier Blanchard) argues debt is OK as long as the government is spending it wisely.


https://www.independent.co.uk/voices/government-borrowing-debt-economy-gdp-fiscal-illusions-office-budget-responsibility-a8725116.html

Thinking further - investing in the economy can only grow GDP if there is room to grow. but with Brexit - there is so much we need to grow (to do ourselves, rather than sharing it with the EU) that I think a huge national investment is going to be required whoever wins the election.

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