Member's Login
Not yet a member? Register now
|
|
#161 (permalink) | |
|
Reserve Team Player
Join Date: Oct 2007
Location: Uncle Tom's Cabin
Posts: 3,209
|
Quote:
Dont get me started on labours manifesto promise of no top up fees.....
|
|
|
|
|
|
|
#162 (permalink) | |
|
Reserve Team Player
Join Date: Aug 2006
Location: exiled in Worcester
Posts: 2,718
|
Quote:
And it's the broken promises that have a direct impact on you or your family that often moulds the way you think about politicians and their manifestos. And the divergence of opinion in this thread reflects how different individuals have been shafted by different political parties at different times. Some of us have been shafted by the tories, others by labour and some by both. Sadly, the older you get, the more you get used to it. Or possibly more bitter and twisted. |
|
|
|
|
|
|
#163 (permalink) | |
|
Reserve Team Player
Join Date: Jun 2006
Posts: 4,082
|
Quote:
tbh I've learned quite a bit from this so thanks iguanamanc. |
|
|
|
|
|
|
#164 (permalink) | |
|
Reserve Team Player
Join Date: Oct 2007
Location: Uncle Tom's Cabin
Posts: 3,209
|
Quote:
|
|
|
|
|
|
|
#165 (permalink) | |
|
Reserve Team Player
Join Date: Aug 2006
Location: exiled in Worcester
Posts: 2,718
|
Quote:
The leap of nearly six per cent since the start of the year has added an estimated £500 million to the nation’s monthly groceries bill, as the cost of living continues to stretch already strained household finances. A basket of typical weekly shopping now costs £7.48 more than in January, up 5.8 per cent — nearly double the official rate of inflation. Analysts offered little prospect of future price cuts, predicting bills would continue to rise for at least the rest of the year. http://www.telegraph.co.uk/news/ukne....html#continue and wider afield..... http://www.reuters.com/article/marke...89059920080530 or perhaps you'll believe the World Bank......... http://siteresources.worldbank.org/N...note_apr08.pdf |
|
|
|
|
|
|
#166 (permalink) |
|
united.7
Join Date: Mar 2007
Location: "I am a man with simple tastes - I am always satisfied by the best"
Posts: 3,369
|
What is wrong with New Labour?
Starting off with strong socialist connections and now ending up like every bastardising government that has ever existed, over-taxing has done nothing for the people of this country and seems to be the foundation of New Labours belief system. This is not Marxist, it is dilluted Thatcherism. I just cannot agree with excessively subsidising other areas of the government with money from inelastic markets such as petrol, cigarettes, alcohol etc. All should pay their share, and more, but it should not be burdened on drivers, smokers and drinkers to prop up the unresourceful bastards of this government. The opposite of the original governments objectives; the poorer man loses out because his vices are deemed uneconomical, whereas just about everybody else can still afford to pay the duty, levy or tax and continues in the same vain as before, albeit slightly out of pocket. Instead of shortening the poverty gap, it is being widened and while the state school systems continue to be overburdened because of the free movement of labour and other immigration issues that we have. While these things persist; we cannot properly educate or even attempt to distribute the wealth of this nation evenly. More schools are needed, better resouces for familes etc. It will not be done overnight, free courses and EMA do not solve fuck all, short term solutions to long term problems is how Labour have sustained any credibilty, it is a complete falsehood. The Tories need to lay out and stick with long term objectives otherwise we will stay stuck in this vicious cycle. What the Tories do have is ideas, whether they are as successful in practice as in theory we are yet to see. Competition is what has been lacking for a while now, thank God for the opposition parties, if only they had come sooner instead of rising out of the dust of Labours many failures. |
|
|
|
|
|
#167 (permalink) | |||||||
|
Paz's ion
Join Date: Oct 2001
Location: Walking in a whisky wonderland.
Posts: 24,186
|
Quote:
Quote:
Quote:
In any case you should check your facts. The previous Bank target was set using RPIX, RPI excluding mortgage payments... Quote:
Quote:
Quote:
Quote:
But I'm not saying that the average family's shopping bill hasn't risen - of course it has. Mine though, has actually fallen. You did ask. |
|||||||
|
|
|
|
|
#168 (permalink) |
|
Banned
Join Date: Aug 2004
Location: Sheffield
Posts: 1,344
|
The economy originally turned around under Kenneth Clarke not Brown so Brown although can take credit for his period of being Chancellor he can't take credit for the original turn around just like he can't be fully blamed for the downturn. I don't see how stuff like rising oil prices, world food shortages and Sub-prime mortgages can be held against him.
|
|
|
|
|
|
#169 (permalink) | |
|
Reserve Team Player
Join Date: Aug 2006
Location: exiled in Worcester
Posts: 2,718
|
Quote:
The OECD report has singled out the UK Government, and therefore Brown at its helm, for the economy being in the guano, see today's news e.g.; "The OECD has warned that the UK is in big trouble. It reckons the Bank of England needs to cut interest rates to 4.25%, but says it must hold off until next year because of inflation risks. The Bank will be announcing its decision on interest rates later today, and is widely expected to keep them on hold at 5%. Why the government should be spending more right now but can't It also says that the Government probably shouldn’t be pulling in the reins in terms of public spending. The idea is that when times get hard, the Government spends a bit more to keep the economy ticking over until the private sector gets back on its feet. But of course, this isn’t really possible, because the Government has bled the country dry during the good times. Gordon Brown has taken money that would once have gone into private sector pensions (which would have enabled more of our citizens to take care of themselves in the future, rather than relying on the state), borrowed a whole load more, and then sprayed it all over the public sector to almost no apparent effect at all (if you still have trouble believing this, read Squandered by David Craig - do remember to take your blood pressure pills first though). As the OECD puts it, a little less bluntly: “The Government’s options have been limited by excessively loose fiscal policy in past years when economic growth was strong.” It’s unusually tough talking from this type of body. Of course, the Treasury said the OECD was wrong. “The UK economy remains strong, and is well-placed to get through these global problems.” All I can say is, it’s little wonder that British consumer confidence is at a record-low ebb." http://www.moneyweek.com/file/48262/...recession.html |
|
|
|
|
|
|
#170 (permalink) |
|
Paz's ion
Join Date: Oct 2001
Location: Walking in a whisky wonderland.
Posts: 24,186
|
It's all relative. To put it into perspective, the UK budget deficit is around 3.4% of GDP, the current account deficit is around 5.6% of GDP, national debt is 44% of GDP. That's pretty good for Europe. It raises a couple of alarm bells, but the corrective mechanisms are already beginning to work (sterling is being caned in the FX markets, for example). Everyone thinks it's going to be a "bad" recession, but "bad" is going to be relatively mild compared to the early 90s.
|
|
|
|
|
|
#171 (permalink) | |
|
Reserve Team Player
Join Date: Aug 2006
Location: exiled in Worcester
Posts: 2,718
|
Quote:
|
|
|
|
|
|
|
#172 (permalink) |
|
Paz's ion
Join Date: Oct 2001
Location: Walking in a whisky wonderland.
Posts: 24,186
|
![]() Of course not. I hope you're not going to trot out that silly rubbish about how you need to experience something to know what it's like. I'm not talking about how people feel - why would I know or care anything about that? I'm talking about the relative severity of recession, something which is easily analysed by looking at some numbers. |
|
|
|
|
|
#173 (permalink) | |
|
First Team Sub
Join Date: May 2001
Posts: 6,530
|
Quote:
|
|
|
|
|
|
|
#174 (permalink) | |
|
Paz's ion
Join Date: Oct 2001
Location: Walking in a whisky wonderland.
Posts: 24,186
|
Quote:
I took a stab at it not too long ago though, and I reckon that adding back all the things that weren't truly shifted off the government balance sheet would raise national debt up to 55% of GDP at most (not including Northern Rock). I think that's accurate to the nearest 5% (allowing for some Northern Rock), which means that at worst the debt situation is poor but not dire. The debt service burden is still calculated off 44% of GDP, unless things go horribly wrong (which they might). |
|
|
|
|
|
|
#177 (permalink) | |
|
Reserve Team Player
Join Date: Oct 2007
Location: Uncle Tom's Cabin
Posts: 3,209
|
Quote:
Also, if they are solely focused on managing inflation why were rates cut a few months back to ease liquidity in the markets? Special scenario? |
|
|
|
|
|
|
#178 (permalink) | ||
|
Paz's ion
Join Date: Oct 2001
Location: Walking in a whisky wonderland.
Posts: 24,186
|
Quote:
Quote:
It was a fine line in any case - the MPC's models showed inflation dropping back to around 2% in 2 years while rising to just below 3% in the short term. Then they cut rates and the oil price shot up. The revised predictions are likely to show the short term spike now goes above 3% and still falling back to a more acceptable level in 2 years. Don't forget that they set policy with a 18-24 month lag. |
||
|
|
|
|
|
#180 (permalink) | |
|
Paz's ion
Join Date: Oct 2001
Location: Walking in a whisky wonderland.
Posts: 24,186
|
Quote:
In the coming / current downturn, GDP growth may not dip below 0%, i.e. the economy will still grow. Currently, average earnings are rising around the same rate per annum, but inflation is now around 4% (using RPI) so the real increase is 0%. However the debt level is a lot higher, and inflation reduces the real impact of debt payments by more year on year, chipping away at the problem. Working out the net impact is a bit tricky, but there's a good chance the consumer comes out slightly ahead in real terms. The good thing is that the more indebted consumers get their debt inflated away faster. Therefore the coming downturn (may not technically be a recession) may feel "bad", but is likely to be relatively quick and mild compared to 1990-1993. Of course, there are 4-5 other major reasons, but that was the easiest to show using publicly available statistics. EDIT: oh yeah, the missing piece is that the debt level is a lot higher but the debt service burdens are a lot lower, and can be inflated away relatively quickly. |
|
|
|
|
|
|
#181 (permalink) | |
|
Clown
Join Date: Sep 2004
Location: I love librarians
Posts: 15,111
|
Quote:
as I said, amazingly, you do know fuck all
|
|
|
|
|
|
|
#184 (permalink) | |
|
Reserve Team Player
Join Date: Aug 2006
Location: exiled in Worcester
Posts: 2,718
|
Quote:
Absolutely spot on - that one sentence sums you up in a nutshell.
|
|
|
|
|
|
|
#185 (permalink) | |
|
Reserve Team Player
Join Date: Aug 2006
Location: exiled in Worcester
Posts: 2,718
|
Quote:
I've never thought that you represent the average family - or anything else average for that matter. Nonetheless, I'm intrigued how in the face of rising prices in basic foodstocks such as cereal, rice, potatoes, other vegetables, meat etc. you have achieved this. I take it we're not talking about down-grading from Beluga and Cristal for Savruga and Dom Pom? Will you enlighten us, because - and to be serious - many of us would welcome sensible advice? |
|
|
|
|
|
|
#187 (permalink) | |
|
Clown
Join Date: Sep 2004
Location: I love librarians
Posts: 15,111
|
Quote:
I await with bated breath the response
|
|
|
|
|
|
|
#188 (permalink) |
|
Reserve Team Player
Join Date: Aug 2006
Location: exiled in Worcester
Posts: 2,718
|
From todays Daily Mail
Abu Hamza's Muslim lawyer earns £1m a year in legal aid from representing terror suspects
By Stephen Wright Last updated at 12:38 AM on 07th June 2008 A lawyer who represents high-profile terror suspects was paid nearly £1million in legal aid in just 12 months. Official figures show that taxpayers have handed Mudassar Arani's firm £3.5million to defend extremist suspects over recent years. The Ugandan-born solicitor tells Muslims never to talk to police and warns that those who speak out against Islamic terrorists 'are playing into the hands of the Government'. Her clients include hate cleric Abu Hamza, dirty bomb plotter Dhiren Barot and three of the 21/7 attackers. Miss Arani, 44, is being investigated by Scotland Yard after she was accused in court of trying to bribe another defendant in the 21/7 trial to change his alibi. According to figures released under the Freedom of Information Act, her payments from the Legal Services Commission have almost quadrupled over the past seven years. In 2001/2002, Arani and Co was paid £230,314 in legal aid, but in the past year it was paid £890,922. Miss Arani, whose firm is based in Southall, West London, drives a Mercedes and lives in a smart semi-detached home. The mother-of-two once boasted in a magazine that those accused of terrorism come to her first. She also bragged in 2004: 'I have won every case and I hope it stays that way.' Her firm has printed leaflets urging those contacted by anti-terror police to remain silent. It reads: 'Do not talk to them regarding any matter.' In contrast, the Muslim Council of Britain calls for 'the fullest co-operation' with police. In a recent lecture, Miss Arani said: 'The rule of thumb in a terrorist case is: Do not answer any questions put to you. Full story....http://www.dailymail.co.uk/news/arti...-suspects.html |
|
|
|
|
|
#192 (permalink) |
|
Ingadus Speramus
Join Date: Jun 2000
Location: Centre Back
Posts: 49,868
|
When in the UK I tend to read the Guardian and the Times but find the bias of both a bit irritating. Here I read The Sydney Morning Herald and The Australian which are both similarly biased.
In general I find newspapers worse and worse at reporting the news in an unbiased way. |
|
|
|
|
|
#193 (permalink) | |
|
Reserve Team Player
Join Date: Aug 2006
Location: exiled in Worcester
Posts: 2,718
|
Quote:
I prefer the Telegraph and the Times, however I sometimes read the Daily Mail which I have to agree is a right-wing rag, but it seems to stir up some vitriolic debate with posters. I find myself reading more news online. And ironically, the one left-wing paper - the Morning Star, which I used to read at University and which is affiliated to the Communist party - is the only e-newspaper that you cannot access directly. You can only read it by subscription....... http://www.morningstaronline.co.uk/i...hp/ex/examples Wonder if Comrade Spoonov has one? |
|
|
|
|
|
|
#195 (permalink) | |
|
Clown
Join Date: Sep 2004
Location: I love librarians
Posts: 15,111
|
Quote:
|
|
|
|
|
|
|
#196 (permalink) | |
|
Reserve Team Player
|
Quote:
Yes I agree. But realistically a voter can only get shafted by his own side. Particuarly true when the middle ground and floating voters are the battleground. All politics (all VOTING) is a mixture of Idealism and Self Interest. For example you might want the best education system in the world but if you dont actually have any children you may not think it a priority. You may believe in NHS but faced with enduring pain being on a waiting list for surgery, you might pay to jump the queue. Although I live in "Northern Ireland" in an English context I would be mainstream Labour voter. I have seen the nonsense of the "loony left" AND the "betrayal" of New Labour. But thats how I expect it. Labour expects the vote of Guardian reading social workers, nurses, hospital cleaners, desk jockeys in the Dept of Environment whatever. It does not have to fight for that vote......so periodically it can sell them out......and rally the core vote when an election looms. Similary the Tories can rely on farmers, merchant bankers (thats cockney rhyming slang I think), small business owners, retired army officer types and Daily Telegraph readers. So occasionally they can afford to shaft them also. For example New Labour can be tough on immigration and still look like it cares but the new Tories have to look compassionate. In the fight for the middle ground both sides can lose its core vote. Thus Labour in Iraq...loses a core vote. Traditionalists will feel shafted. Thus Tories out there hugging hoodies and praising single mums on housing estates makes their Traditionalists feel shafted. |
|
|
|
|
|
|
#198 (permalink) | |
|
Clown
Join Date: Sep 2004
Location: I love librarians
Posts: 15,111
|
Quote:
haven't bought an English newspaper for years and here in Spain I buy the local weekly English rag. I read the journals on line in this order The Sun - the footie and gossip colums The Mail - Sport and the news the left leaning papers don't like printing The Times - For a broad and in depth albeit biased news and in depth sport but unfortunatel since Murdoch took it on its became less The Thunderer more The Aussie Whine The Inde - Ditto The Telegraph - Ditto but more biased Guardian - Just to see the other side of the Mail bias Never read the FT - this is a read for the sharks or the Daily Worker as its past its sell buy date occasionally buy The Economist but usually get on line freebies and often buy Time and Newsweek Morning Star different name same crap |
|
|
|
|
|
|
#199 (permalink) | |
|
Reserve Team Player
Join Date: Aug 2006
Location: exiled in Worcester
Posts: 2,718
|
Quote:
![]() He sold 400 tonnes of gold bullion at a 20-year low price, without consulting the Bank of England. This was in 1999-2002. He lost about 2 billion pounds against the new price of gold (as of April 2007). Much of it was snapped up in the Far East, especially China. http://www.timesonline.co.uk/tol/new...cle1654931.ece |
|
|
|
|