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Originally posted by Lyons550
Yep, that would've been me...however I do agree with CE when he suggests that borrowing now at historical low rates would make fiscal sense in order to implement some of the ideas....as long as anything borrowed is at a 'fixed rate'. I too am not disagreeing with doing it now. I would and did disagree with it during the Tory/Lib Dem coalition however. I am disillusioned with all of this. I want Brexit but I want some UK meaningful policies and perhaps some pinching of other partys' policies. Tories offer the former but little of the latter I predict. Labour go silent on Brexit and Corbyn cannot, when questioned, we'll actually leave, even though article 50 has been triggered. The swaying public want Brexit, but probably want progressive policies as well, even though they're not saying both, but can't trust a party that'll try and satisfy every requirement going. Oh that s me, although I am saying both. I bet there's plenty more too. Edited by Rudi Hedman (12 May 2017 11.13am)
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Originally posted by Kermit8
Pity Blair din't have Corbyn's ideas and plans back in '97. He didn't have the balls to implement radical social policy for the benefit of the majority in his own country but did have the balls to help invade a pretty defenceless one. UK could, would have been more at ease with itself today. That's why we voted The Tories out back then but a worse lot of 'em are in power now and for the next five years. They will drag the place down even further. He promised the aspirational he wouldn't raise income tax. Corbyn is feared he would.
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Originally posted by dannyh
"30 billion black hole" in Compo's spending spree shocker Edited by dannyh (12 May 2017 9.53am) You criticised using the Guardian as a source yesterday and now are simply posting a Telegraph article... Main source is a "Thatcherite think tank"... The vast majority of well respected economists would point to the failure of austerity and its lack of substance in both theory and practice. Many would also point to the fact that there is a lot of spare capacity in the UK economy and expansionary fiscal policy which targets reduced inequality is precisely what the economy needs let alone the services relying on the investment. Given the manifesto has not been properly released so the costings can't be assessed this is little more than conjecture from a right wing Tory supporter. It's also not based on any sensible economic analysis.
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Originally posted by Rudi Hedman
I know you don't need global demand to increase government spending. I don't need demand in products to hire a gardener or decorator or more relevant, a private carer for a relative. The problem with large increases in government spending is that the effects wear off if it's increasing supply of public amenities only. They don't increase economic growth for very long. I agree with investment and government spending now and going back a few years, but not in 2008, 2010, and for a handful of years after. And what would you or Ed Balls have done if there was another global economic crisis? Claim theory was right and it's not your fault? Edited by Rudi Hedman (12 May 2017 10.17am) What? This makes no sense. The whole point of investment is it has long term benefits. They're not suggesting just digging holes and filling them back in again. Building a hospital (£350m a week is now available for that) provides jobs in construction now and improved health and productivity in the future. 2008-2012 was exactly when government spending was most needed!! Austerity is so damaging and utterly discredited. It's not only theory. The evidence is clear as well.
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Originally posted by susmik
That's the Labour story always has been..spend spend spend and get the country into mega debt. This was pretty comprehensively disproved yesterday on this very thread.
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Originally posted by Lyons550
...also...what would the benefit(s) be of re-nationalisation over what exists now? Apart from anything else a rail franchise is a for profit entity. So they must include an element of profit on ticket prices. Also some franchises, like southern rail, get paid by the government whether or not their service is sh**e and it's the taxpayer that has to foot the refunds for late running services.
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Originally posted by Username
I agree with what you are saying, and again across all parties, but then I also think that a manifesto is an indication of direction. It's a party saying 'This is our vision. We think this is all important and worth looking at. Ok, we might not end up being able to do all of it, but this is what we're aiming for.' In that case, I'd much rather vote for the party that seems to be looking at improving the quality of life for the vast majority of people in the country. Also, if something is on a manifesto, there is a principle that the Lords will not block any bill which is an enactment of a manifesto pledge. So if Labour get voted in and their manifest says they will renationalise the Railways or abolish the Tories Health and Social Care Act then the Lords will not block it. It's therefore important to have policies on all areas that you want to address over the next 5 years.
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Originally posted by CambridgeEagle
What? This makes no sense. The whole point of investment is it has long term benefits. They're not suggesting just digging holes and filling them back in again. Building a hospital (£350m a week is now available for that) provides jobs in construction now and improved health and productivity in the future. 2008-2012 was exactly when government spending was most needed!! Austerity is so damaging and utterly discredited. It's not only theory. The evidence is clear as well. Ok well it doesn't increase growth as much as investment and expansion of industry. Both are essential of course. I didn't hear a single audience member on QT last night pipe up when one of the panel said more austerity would be the eventual outcome of Scottish independence. Even the the female SNP MP kept quiet.
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Originally posted by Rudi Hedman
I too am not disagreeing with doing it now. I would and did disagree with it during the Tory/Lib Dem coalition however. I am disillusioned with all of this. I want Brexit but I want some UK meaningful policies and perhaps some pinching of other partys' policies. Tories offer the former but little of the latter I predict. Labour go silent on Brexit and Corbyn cannot, when questioned, we'll actually leave, even though article 50 has been triggered. The swaying public want Brexit, but probably want progressive policies as well, even though they're not saying both, but can't trust a party that'll try and satisfy every requirement going. Oh that s me, although I am saying both. I bet there's plenty more too. Edited by Rudi Hedman (12 May 2017 11.13am)
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Originally posted by CambridgeEagle
This was pretty comprehensively disproved yesterday on this very thread. I wouldnt say it was disproved...as you,I and others have pointed out in various ways everyone has an angle. It was however a very interesting article...but even on the article looking through the comments (ignoring the blatantly politically biased ones) that tried to interpret the data further...there was more than enough doubt as to the context within which the data used dealt with other extenuating drivers / factors for both sides figures. As an analyst myself that was clear to see...for anyone other than those happy to just accept the data on face value.
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Originally posted by CambridgeEagle
Apart from anything else a rail franchise is a for profit entity. So they must include an element of profit on ticket prices. Also some franchises, like southern rail, get paid by the government whether or not their service is sh**e and it's the taxpayer that has to foot the refunds for late running services.
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Originally posted by CambridgeEagle
This was pretty comprehensively disproved yesterday on this very thread. You tell me then where all this dosh is coming from that comrade Corbyn is going to spend in his "plans"??
Supported Palace for over 69 years since the age of 7 and have seen all the ups and downs and will probably see many more ups and downs before I go up to the big football club in the sky. |
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Originally posted by nickgusset
I got as far as Julian Jessop, chief economist at the Thatcherite think tank the Institute of Economic Affairs..... before I took it with a pinch of salt. Ohh the irony.
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Originally posted by npn
If I may use your own tactic - which figures specifically do you disagree with? They're basing figures on something where the costings haven't been released.
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Originally posted by Ginger Pubic Wig
Does anybody know how much money the British government owes the rest of the world on a net, aggregated basis, and how that has evolved over the past half a century? Same question for our net import/exports of goods and services. Aren't answers to these questions the driving forces for every single decision this country has to make and, by extension, who we vote for? I know we can probably carry on as we are for many years with our current economic `model' (Willo-style quote marks deliberate) if we're lucky, but at some point this bites us when those whose stuff we buy find we are not a good market, or those who lend us money start thinking they wouldn't mind it back? Have you asked Google?
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Originally posted by Lyons550
No there isn't. Nor was National Rail the wonder that some suggest. But nationalisation of the railways has failed to deliver a massive improvement in service (other than increases in customer numbers) but has seen prices rise completely out of sync with inflation and continued under investment. The problem is that the railways aren't a natural fit for the market as it has been implemented. Because there is not genuine competition. It could have been done better and then might have worked but the franchise system that we have is not an effective one. Nationalisation doesn't make sense in all instances. The Royal Mail for example has been quite successful as a privatisation, the energy industry works to an extent (there is competition and the consumers who switch do experience benefits, but too few are still using that). The abolition of tuition fees, while expensive, is welcome. There is stuff in the leaked manifesto that needs discussion. And deserves it. And the likelihood is that - as has been shown a few times already - Labour will manage to push the agenda into the Tory plans. But some of it seems nonsense. Edited by OknotOK (12 May 2017 1.43pm)
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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Originally posted by Lyons550
Have you asked Google? Wow...never thought of that. Are you some kind of super researcher?
If you want to live in a world full of kindness, respect and love, try to show these qualities. |
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Originally posted by Lyons550
I wouldnt say it was disproved...as you,I and others have pointed out in various ways everyone has an angle. It was however a very interesting article...but even on the article looking through the comments (ignoring the blatantly politically biased ones) that tried to interpret the data further...there was more than enough doubt as to the context within which the data used dealt with other extenuating drivers / factors for both sides figures. As an analyst myself that was clear to see...for anyone other than those happy to just accept the data on face value. The previous comment was that Labour get the country into mega debt. However the data suggests the Tories borrow more and always have done. To argue that it's Labour's fault, which is what the poster said, would imply that over the 42 years that the Tories have been in power they've been forced to borrow due to Labour's spending. That's utterly incredible and suggests that the Tories own policies had nothing to do with it. I find it hard to explain these figures in the context of 42 years of borrowing being the fault of the party NOT in government at the time. This is true even taking into account inflation and ignoring the GFC. The biggest surplus run over those 70 years was in the post-war Labour government, which undertook significant government led expansionary Keynesian economic policies. But all of this data could just be coincidental.
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Originally posted by Rudi Hedman
Labour go silent on Brexit and Corbyn cannot, when questioned, we'll actually leave, even though article 50 has been triggered. Edited by Rudi Hedman (12 May 2017 11.13am) I think to be fair Labour did come out afterwards and say that Corbyn would go through with Brexit. And more importantly, Corbyn himself was always in favour of Brexit, that just happened to be contrary to the policy of the PLP. But by not answering LK questioning, I think Corbyn was hoping to leave it sufficiently up in the air that he might convince some Remainers to vote Labour. I think personally it risked making Labour look even more confused.
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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