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General Election 2017

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steeleye20 Flag Croydon 16 May 17 10.26pm Send a Private Message to steeleye20 Add steeleye20 as a friend

Originally posted by hedgehog50

It is a fact that Corbyn has appointed Andrew Murray to a leadership role in his campaign team. Murray was a member of the Communist party until December 2016. Do you expect us to believe any 'source's and 'facts' that he comes out with given the well known relationship of communists to truth.

I don't have any problem with communists becoming labour or ukip people becoming tory.

Tired old philosophies of left and right dump them.

 

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Yellow Card - User has been warned of conduct on the messageboards Hrolf The Ganger Flag 16 May 17 10.29pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by CambridgeEagle

Boris Johnson, IDS, Liam Fox, David Davis, Gove, Jeremy C*nt, Leadsom, Grayling.

Loathsome and damaging

You don;t really want a head to head comparison with the shadow cabinet do you?

Emily 'Bollocks' 'White van man' Thornberry, John 'apologist' McDonnell, Diane 'Blue Eyed Nurses' Abbott, Angela 'I bottled it' Eagle, Andy 'I love myself' Burnham and let's not forget good old 'No Nukes' Jezza himself.

What a scary bunch.

 

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.TUX. Flag 16 May 17 10.55pm

Originally posted by Hrolf The Ganger

What pitiful situation?

We own nothing but owe much.

 


Buy Litecoin.

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hedgehog50 Flag Croydon 16 May 17 11.37pm

Originally posted by steeleye20

I don't have any problem with communists becoming labour or ukip people becoming tory.

Tired old philosophies of left and right dump them.

Well you should. Most of the electorate will.

 


We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]

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nickgusset Flag Shizzlehurst 16 May 17 11.51pm

Attention students...

[Link]

 

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matt_himself Flag Matataland 17 May 17 4.52am Send a Private Message to matt_himself Add matt_himself as a friend

Excellent analysis of the Labour manifesto by the Resolution Foundation, which are hardly an alt right mouthpiece:

[Link]

 


"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

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croydon proud Flag Any european country i fancy! 17 May 17 8.05am

Cameron, Osborne, their glamorous chum and the great uber stitch- up! Conservative prime minister, conservative chancellor and conservative mayor of London! (Revealed:the disturbing links between No.10 and the online taxi firm sweeping britain,and guess what,,,,one of its major investors now has the ex -chancellor on its payroll! Daily mail, march 25, scary reading from the mail itself, corruption at the very very top!

 

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matt_himself Flag Matataland 17 May 17 8.47am Send a Private Message to matt_himself Add matt_himself as a friend

Originally posted by croydon proud

Cameron, Osborne, their glamorous chum and the great uber stitch- up! Conservative prime minister, conservative chancellor and conservative mayor of London! (Revealed:the disturbing links between No.10 and the online taxi firm sweeping britain,and guess what,,,,one of its major investors now has the ex -chancellor on its payroll! Daily mail, march 25, scary reading from the mail itself, corruption at the very very top!

Are you a taxi driver?

 


"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

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croydon proud Flag Any european country i fancy! 17 May 17 8.55am

Originally posted by matt_himself

Are you a taxi driver?

Yes matt, among other stuff, that was unbelievable what cameron did and i feel for my collegues who dont have the other stuff to fall back on

 

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CambridgeEagle Flag Sydenham 17 May 17 9.14am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Y Ddraig Goch

I looked at this when you said this previously. There is an element of pedantry as a country can default which by and large is similar. If it happens its doesn't matter what it is called it is a Lorry load of pain


It's quite an important distinction. All the UK's debts are in GBP as it issues bonds in GBP and can just issue new bonds as and when it likes so it cannot go bankrupt. A country can choose to default on its debt but that would be a political choice and not an economic one.

The point you're making is really one relating to a situation where the pound is overvalued and the currency massively devalues, which effectively makes the pound cheaper and as we saw in the early 90s causes capital flight and usually a recession. It's not the same thing.

If you look at Japan they have debt at over 230% of their GDP (more than double ours) and they can borrow at lower rates than our government. While borrowing cannot be extended forever we still have the capacity and ability to borrow to invest in the UK. The government can issue long term gilts at very low rates of interest and even index linked bonds at low rates. Now is the time to invest in our economy.

Instead of worrying about a bankrupt government, we should be focused on employment and inflation and how best to spend as much money as we need to put people to work without causing inflation, which is the real worry (not bankruptcy). There is still significant spare capacity in our economy and a savings glut with the private sector reluctant to invest. The recent growth we've seen has been from credit backed consumer spending. A very dangerous state of affairs. Consumers, by the way, can go bankrupt.

 

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Rudi Hedman Flag Caterham 17 May 17 9.48am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

The economy relying on consumer spending and everyone going crazily spending in shopping centres was what we warned of in 2008. A few years later the economic correspondents are hailing the growth on the high street. Idiots.

I'm not saying we should wear old leather waistcoats and check shirts, operating under maximum efficiency 24/7 as the Germans did, and some probably still wear their sex pest clobber, but there are extremes. High productivity vs high indulgence in credit and imported stuff. ''Buying stuff. The uk's favourite pastime.'' Andrew Marr's final comment on the history of Britain.

 


COYP

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.TUX. Flag 17 May 17 10.21am

The FTSE-100 stock market index hits an all-time high of 7454, simultaneously the British government releases statistics showing that debt judgements and bankruptcy filings across the UK soared 35% in the first quarter of 2017 to the highest level in a decade. British consumers are on a debt binge, borrowing (and now defaulting) at record levels.

'Strong and stable'?

 


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