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Re: What now for the UK? : Fri Dec 16, 2011 10:36 pm  
We need another Labour Government:

The Labour message that 'everyone can have anything now without paying for it' is far more appealing than the coalition message that one must pay for what one consumes.

The economic boom of the last 10 years was an illusion built largely upon cheap credit and people getting rich quick off the back of massive rises in the housing market. Now the time has come to repay the debts the economy has gone massively t1ts up.
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Re: What now for the UK? : Fri Dec 16, 2011 11:07 pm  
The Video Ref wrote:
We need another Labour Government:

The Labour message that 'everyone can have anything now without paying for it' is far more appealing than the coalition message that one must pay for what one consumes.

The economic boom of the last 10 years was an illusion built largely upon cheap credit and people getting rich quick off the back of massive rises in the housing market. Now the time has come to repay the debts the economy has gone massively t1ts up.


So the Conservative party will presumably be regulating the credit market to ensure that this does not happen again?

I expect they will also be regulating the financial services sector so that the banks cannot squander savers money whilst paying themselves high bonuses and leave the risk to the taxpayer if they become insolvent?
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Re: What now for the UK? : Fri Dec 16, 2011 11:13 pm  
Don't worry i'm sure a resource based economy is just around the corner.
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Re: What now for the UK? : Sat Dec 17, 2011 1:17 am  
Horatio Yed wrote:
Don't worry i'm sure a resource based economy is just around the corner.


Soylent Green, it's the new black
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Re: What now for the UK? : Sat Dec 17, 2011 1:24 am  
The Video Ref wrote:
We need another Labour Government:


Agreed

The Video Ref wrote:
The Labour message that 'everyone can have anything now without paying for it' is far more appealing than the coalition message that one must pay for what one consumes.


Now when did Labour ever say such a thing?

The Video Ref wrote:
The economic boom of the last 10 years was an illusion built largely upon cheap credit and people getting rich quick off the back of massive rises in the housing market. Now the time has come to repay the debts the economy has gone massively t1ts up.


The last ten years?

Go back a little further sunshine, it was t'conservatives that deregulated banks and laid the path for demutualising building societies. They were the ones that flogged off the nation's assets in the name of free-enterprise & choice. Tell me which water supplier you chose to buy from?

It was also the conservatives that directly gave us the unsustainable house price boom. You can't seriously lay that one at Labour's door, not even noooooo Labour
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Re: What now for the UK? : Sat Dec 17, 2011 11:13 am  
Staffs FC wrote:
It was a response to the fact you didn't like the fact I (unwittingly) quoted an independent think tank that you think (probably rightly) is Eurosceptic.

I didn't dislike it. I pointed out that it was hardly a balanced take on what happened.

Staffs FC wrote:
I originally quoted the Guarniad, a quote which which you ignored, and I followed that up with a joke suggesting that I couldn't find anything more left wing than that to support my argument.

I didn't ignore the Grauniad quote. I didn't comment on it because there was nothing in it that I had a problem with, although subsequently I've commented that I don't agree with your interpretation of what they had to say. That probably explains why I didn't understand your quip about the SW.

Staffs FC wrote:
I was replying to a charge that Blair would have successfully sorted this problem. Apparently he was such a good negotiator that it wouldn't have been any problem whatsoever for Tony to have sorted this. My argument, which I stand by, is that he failed to deliver what he set out to deliver in previous negotiations and therefore the idea that he would have sorted this one was flawed. That's my view and the one I stick with. It isn't a support for Cameron - I haven't stated my view on Cameron's performance at the last summit nor have I stated my view on the single market.

And I wasn't supporting Blair per se nor agreeing with the position that he would have sorted the current situation with a snap of his fingers. I think he was a far better diplomat and negotiator that Cameron will ever be, but the main thrust of my posts were disagreeing with the accuracy of the evidence presented rather than agreeing with the opposite view. If you see what I mean. :)

Staffs FC wrote:
As you well know I have worked for a French multi national for 22 years who manufacture in this country mainly because they sell lots of their products in this country and it makes sense to do so. Of course there are exports and imports involved and the single market is crucial. Unfortunately the single market is no longer the main issue - which it should be. As the doomed single currency in the Eurozone breaks down we see individual countries (and at the moment one predictable one in particular) begin to lash around and attack us because they wish they hadn't joined. Amusingly the likes of Blair (and that political genius heavyweight Ashdown) have said within the last month that we still could join. Whoever was slagging Brown in a previous post should think again. He might have destroyed Britain's private sector pension industry with the removal of tax relief on dividends paid into pension funds (the single main reason today why public and private sector employees are at odds with each other in regard to pension provision) but at least he stopped Tony from joining the most ill thought out Franco German project of all time that was always doomed to failure. The five economic tests - well done Gordon.

And as you well know I've worked for the last 30-odd years in a major industry where the opposite applies and where companies have set up shop in the UK specifically because of the single market. Make no mistake about it - dropping out of the single market would do enormous harm to the UK economy. Assuming that the single market survives the current crisis of course...

As far as the Euro goes I am and always have been in favour of it in principle. I have also always been critical of the way that it was actually implemented - in particular the waiving or ignoring of critical and eminently sensible rules on admission to the Eurozone just to expand it as rapidly as possible. What is happening now is not a reflection on the fundamental practicality of a single currency but the reaping of a whirlwind sown when the likes of Greece and Italy were admitted to it when they were nowhere near fulfilling the criteria. I haven't seen the comments from Blair and Ashdown (a man I loath BTW) as I've been out of the country for the last three days, but if either is suggesting that we could join the Euro any time soon then they need to put away their crack pipes. Europe is in a mess, and the path they're going down at the moment - one I fundamentally disagree with as it is hugely undemocratic - is not going to sort it out.
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Re: What now for the UK? : Sat Dec 17, 2011 12:38 pm  
Kosh wrote:
As far as the Euro goes I am and always have been in favour of it in principle.


Me too, in fact the main reason that the UK didn't join the Euro at its inception was because too many dipsticks thought it should be called "Pound" instead of euro, an attitude that wasn't prevalent across the whole of the rest of Europe where renaming your centuries old currency was just not a big deal at all - no wonder they despair of us sometimes.
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Re: What now for the UK? : Sat Dec 17, 2011 3:05 pm  
Staffs FC wrote:
... Whoever was slagging Brown in a previous post should think again. He might have destroyed Britain's private sector pension industry with the removal of tax relief on dividends paid into pension funds (the single main reason today why public and private sector employees are at odds with each other in regard to pension ...


Pension holidays, anyone?
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Re: What now for the UK? : Sat Dec 17, 2011 3:07 pm  
El Barbudo wrote:
... Maybe he hasn't twigged that if you will allow businesses (e.g. Vodafone) to avoid tax (e.g. £6bn) when you've already got a legal judgement to force them to do so, you will get less tax take, won't you?


How much was it that Goldman Sachs got let off, with a handshake, in fines for unpaid taxes, IIRC?
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Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total

Re: What now for the UK? : Sat Dec 17, 2011 4:46 pm  
Dally wrote:

Arguably, at t=o he made the correct choice. He has then revised it based on events..


The "events" presumably being every aspect of the economy getting worse and every one of his predictions having turned out to be wrong
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