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The Tory Government.

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jamiemartin721 Flag Reading 23 Oct 15 1.23pm

Quote Hrolf The Ganger at 23 Oct 2015 1.06pm

Quote ghosteagle at 22 Oct 2015 7.01pm

Quote nickgusset at 22 Oct 2015 10.32am

Quote Hoof Hearted at 22 Oct 2015 10.12am

Quote Dweeb at 22 Oct 2015 8.49am

Isn't it also funny how the government is allowed to nationalise banks, but can do nothing for the steel industry


The government bought shares in the banks as a temporary bailout, reasonably certain that at some point in the future they could sell the shares (hopefully for a profit) because the Banks had a credit crunch rather than being unsound. As it is, most have been redeemed and not much of a loss.... only RBS has a significant government stake, but for only another year I reckon.

The problem with the steel industry is more complex. The Chinese have been dumping cheap steel on the market as their appetite for construction has considerably slowed. This has caused the global price of steel to fall, and for our steel producers that means it is uneconomic to produce basic steel.

The only thing the government could do would be to put a tariff on imported steel, but this would mean our car manufacturers would have to pay more for their steel and that would hit their profit margins.

Some UK steel manufacturers, producing higher quality steel, are doing okay.

What do you suggest the government does in this situation?

Edited by Hoof Hearted (22 Oct 2015 10.14am)


Look after British workers.


What a ridiculous statement. The government rejects any suggestion that it has any interest in the british worker or his welfare. You are living in an outdated version of the past if you think that the job of the british government is to protect and look after working people.

This statement makes no sense.

Just saying.

If you mean the government doesn't care about British workers, then explain how they can deal with the steel industry to your satisfaction.

Is it sensible to prop up an industry that cannot compete in the world market ?

Should it prop up any private industry, or provide any kind of subsidy into businesses at all? Most foreign aid generally ends up as an incentive or subsidy towards UK business interests as well as direct subsidy, tax relief and breaks etc.


 


"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
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View chris123's Profile chris123 Flag hove actually 23 Oct 15 1.50pm Send a Private Message to chris123 Add chris123 as a friend

Quote jamiemartin721 at 23 Oct 2015 1.23pm

Quote Hrolf The Ganger at 23 Oct 2015 1.06pm

Quote ghosteagle at 22 Oct 2015 7.01pm

Quote nickgusset at 22 Oct 2015 10.32am

Quote Hoof Hearted at 22 Oct 2015 10.12am

Quote Dweeb at 22 Oct 2015 8.49am

Isn't it also funny how the government is allowed to nationalise banks, but can do nothing for the steel industry


The government bought shares in the banks as a temporary bailout, reasonably certain that at some point in the future they could sell the shares (hopefully for a profit) because the Banks had a credit crunch rather than being unsound. As it is, most have been redeemed and not much of a loss.... only RBS has a significant government stake, but for only another year I reckon.

The problem with the steel industry is more complex. The Chinese have been dumping cheap steel on the market as their appetite for construction has considerably slowed. This has caused the global price of steel to fall, and for our steel producers that means it is uneconomic to produce basic steel.

The only thing the government could do would be to put a tariff on imported steel, but this would mean our car manufacturers would have to pay more for their steel and that would hit their profit margins.

Some UK steel manufacturers, producing higher quality steel, are doing okay.

What do you suggest the government does in this situation?

Edited by Hoof Hearted (22 Oct 2015 10.14am)


Look after British workers.


What a ridiculous statement. The government rejects any suggestion that it has any interest in the british worker or his welfare. You are living in an outdated version of the past if you think that the job of the british government is to protect and look after working people.

This statement makes no sense.

Just saying.

If you mean the government doesn't care about British workers, then explain how they can deal with the steel industry to your satisfaction.

Is it sensible to prop up an industry that cannot compete in the world market ?

Should it prop up any private industry, or provide any kind of subsidy into businesses at all? Most foreign aid generally ends up as an incentive or subsidy towards UK business interests as well as direct subsidy, tax relief and breaks etc.



And we have antitrust laws which mean state subsidy isn't really an option.

 

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View We are goin up!'s Profile We are goin up! Flag Coulsdon 26 Oct 15 10.16pm Send a Private Message to We are goin up! Add We are goin up! as a friend

Tax credits cuts defeated in the Lord's.

Regardless of whether you think it's right or wrong policy, should the Lord's be completely rejecting decisions made by those who have been democratically elected? I'm not convinced that's its job.

Having said that, a softening of the blow will probably now happen and I think that's a good thing. First time I've doubted Osborne's credentials.

 


The problem with socialism is that you eventually run out of other people's money.

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View serial thriller's Profile serial thriller Flag The Promised Land 26 Oct 15 10.19pm Send a Private Message to serial thriller Add serial thriller as a friend

Quote We are goin up! at 26 Oct 2015 10.16pm

Tax credits cuts defeated in the Lord's.

Regardless of whether you think it's right or wrong policy, should the Lord's be completely rejecting decisions made by those who have been democratically elected? I'm not convinced that's its job.

Having said that, a softening of the blow will probably now happen and I think that's a good thing. First time I've doubted Osborne's credentials.


I think that becomes very shaky ground when we're talking about a policy specifically rejected by the Tories before the election.

 


If punk ever happened I'd be preaching the law, instead of listenin to Lydon lecture BBC4

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View Sportyteacher's Profile Sportyteacher Flag London 27 Oct 15 7.10am Send a Private Message to Sportyteacher Add Sportyteacher as a friend

Cameron to now seek reform of The Lords following last night's vote re: Tax Credit Cuts. This coming from the party whose manifesto and television promises assured the electorate that no tax credit cuts would occur. Osborne likewise smarting from the reality that The Lords exercised its professional duty, despite being strategically stuffed with Tory ex-Ministers & MPs; donors and other key supporters.

 

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View matt_himself's Profile matt_himself Flag Matataland 27 Oct 15 7.19am Send a Private Message to matt_himself Add matt_himself as a friend

I am morally opposed to Tax Credits. They are a taxpayer subsidy to business, which allows business to underpay people.

As capitalism is the only system around that can improve lives and living standards, business needs to pay fair wages in order to convince people of its importance in their lives.

 


"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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View Y Ddraig Goch's Profile Y Ddraig Goch Flag In The Crowd 27 Oct 15 8.24am Send a Private Message to Y Ddraig Goch Add Y Ddraig Goch as a friend

Tax Credits do need to be abolished and people get paid a decent days pay for a decent days work.

However, those at the bottom should not be f***ed over whist it happens. Well done the House of Lords

I am amazed that Cameron could not see this coming. They have nassively misjudged public opinion and now they are going to compound the issue by taking revenge on the House of Lords. It looks pathetic because it is.

 


the dignified don't even enter in the game

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View Willo's Profile Willo Flag South coast - west of Brighton. 27 Oct 15 8.27am Send a Private Message to Willo Add Willo as a friend

Quote Sportyteacher at 27 Oct 2015 7.10am

The Lords exercised its professional duty, despite being strategically stuffed with Tory ex-Ministers & MPs; donors and other key supporters.

No, the Lords went against convention stretching back a few hundred years resulting in a constitutional crisis.

As for the Lords being strategically "Stuffed" full of Tories lets look at the composition of the peers by party :

Conservative 249, Labour 213, Lib Dems 212, Crossbenchers 176 etc etc.

 

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View Kermit8's Profile Kermit8 Flag Hevon 27 Oct 15 8.44am Send a Private Message to Kermit8 Add Kermit8 as a friend

Osborne looking shaky and repetitive in his BBC interview.

A spoilt little brat used to getting his own way in his younger days doing a bit of toy throwing today.

It's great to see.

A lot of these workers that would have been affected are employed by the public sector so it's not quite as simple as increasing wages commensurate with the losses incurred. Not everyone doing the same job will be getting the low pay top-up.

This is something Gordon Brown got right. A rare moment.

Tax credits are a valued and moral and earned benefit. Something the Tories should have respected.

 


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View We are goin up!'s Profile We are goin up! Flag Coulsdon 27 Oct 15 9.17am Send a Private Message to We are goin up! Add We are goin up! as a friend

Quote matt_himself at 27 Oct 2015 7.19am

I am morally opposed to Tax Credits. They are a taxpayer subsidy to business, which allows business to underpay people.

As capitalism is the only system around that can improve lives and living standards, business needs to pay fair wages in order to convince people of its importance in their lives.


Completely agree with all of that but the policy is bad. To slash the tax credits at such an alarming rate and so soon is never going to be a good sell to the public. Much like you say business needs to convince people that capitalism is for them, so does a capitalist, free marketeer government and I don't think they're doing that particularly well here.

 


The problem with socialism is that you eventually run out of other people's money.

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View Willo's Profile Willo Flag South coast - west of Brighton. 27 Oct 15 9.22am Send a Private Message to Willo Add Willo as a friend

Quote We are goin up! at 27 Oct 2015 9.17am

To slash the tax credits at such an alarming rate and so soon is never going to be a good sell to the public. .

Do it early in the life of Parliament so by the time the election comes round the tax cuts, Living wage etc will have kicked in and people will have forgotten about the tax credits !


 

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View matt_himself's Profile matt_himself Flag Matataland 27 Oct 15 9.36am Send a Private Message to matt_himself Add matt_himself as a friend

Quote We are goin up! at 27 Oct 2015 9.17am

Quote matt_himself at 27 Oct 2015 7.19am

I am morally opposed to Tax Credits. They are a taxpayer subsidy to business, which allows business to underpay people.

As capitalism is the only system around that can improve lives and living standards, business needs to pay fair wages in order to convince people of its importance in their lives.


Completely agree with all of that but the policy is bad. To slash the tax credits at such an alarming rate and so soon is never going to be a good sell to the public. Much like you say business needs to convince people that capitalism is for them, so does a capitalist, free marketeer government and I don't think they're doing that particularly well here.

I didn't comment on the Policy but on Tax Credits itself.

Personally, I think the Policy is wrong as it will hit hard working people. However, in the long run, the Government needs to pass the cost to business and business needs to accept it, as a) the right thing to do, and, b) as a way of showing that business' objectives are to benefit people by raising their living standards as well as making a profit for shareholders.

 


"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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