DEATH PLEDGE

The lower and middle classes will just have to get off their arses and work harder and longer, dya know that some of them are sleeping nearly 8 hours a day.
 
Who is putting the nation’s finances in peril though? Surely it isn’t the Tory party the ones you can trust the economy with?
 
Central banks around the world have lost the plot on inflation and are playing catch up.

Our issues are magnified by the countries idiotic infatuation with house prices.

Since the financial crisis, inflation targeting hasn’t included reflecting house price inflation which has created a completely unsustainable bubble in debt funding from historic low interest rates which have become normalised.

They are morons.

The result is that the current Bank of England committee are petrified of catching up with inflation like other central banks due to the probability of house repossessions, therefore making it worse.

The idiocy of the Kwasi and Liz show is the straw that has broken the camels back. They are too arrogant to appreciate that they aren’t in charge. The bond market is.
 
hackneyfox said:
Who is putting the nation’s finances in peril though? Surely it isn’t the Tory party the ones you can trust the economy with?
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Didn't say that. In my lifetime Labour have not inherited a poor purse when talking over, this time they will and they won't have a free reign. They will need to manage the economy, something that historically they have miserably failed at.
Those of us that are older will never forget their incompetence of the 70's. Rampant inflation, worse than now. Every fucker on strike, you couldn't even bury the dead. Schools shut because of energy workers striking. Sitting in your house with no TV and candles because they were striking from either 4-8, or 8-12.
That's why Labour didn't get back in for nearly 20 years. People don't forget. They fucked the country up good and proper.
For the record, I think the Tories deserve to be kicked out, but I won't be ecstatic about the alternative.
 
Brauny said:
Didn't say that. In my lifetime Labour have not inherited a poor purse when talking over, this time they will and they won't have a free reign. They will need to manage the economy, something that historically they have miserably failed at.
Those of us that are older will never forget their incompetence of the 70's. Rampant inflation, worse than now. Every fucker on strike, you couldn't even bury the dead. Schools shut because of energy workers striking. Sitting in your house with no TV and candles because they were striking from either 4-8, or 8-12.
That's why Labour didn't get back in for nearly 20 years. People don't forget. They fucked the country up good and proper.
For the record, I think the Tories deserve to be kicked out, but I won't be ecstatic about the alternative.
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Not old enough to remember the Ted Heath government?
The reason Labour have to spend is due to the tories slashing spending on the rail, education, nhs etc to give tax cuts to the rich.
For most people surely the NHS and their kids education come first?
 
I still remember Blair and Brown setting up a dependency trap for working class people that gave them no alternative than to claim benefits rather than work.

A truly appalling policy that screwed the life chances of millions.

But I’m also with Brauny, sick of this lot but concerned about the alternative due to their past performance. Labour have a lot of convincing to do but i‘m happy to listen.
 
hackneyfox said:
Not old enough to remember the Ted Heath government?
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Not quite. I certainly remember Callaghan's.

hackneyfox said:
The reason Labour have to spend is due to the tories slashing spending on the rail, education, nhs etc to give tax cuts to the rich.
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The Tories take the blame ( some justified and some not) for making cuts. Whenever Labour have been in, the Tories usually inherit a failing economy that needs sorting out as confirmed in Labours Liam Byrne's 2009 ' no money in the pot, good luck ' letter on leaving government.
The Tories made unpopular decisions. Then they took the flak for some of Labours mismanagement i.e Gordon Browns criminal selling off, of the nation's gold at rock bottom prices.
What I find interesting is how will Labour tackle the current mess that they will surely inherit in 2 years time. This will be the first time in my lifetime where they wont be able to throw the kitchen sink at everything, because the economy is fooked . Let's see how they cope, if they do it well, then I'd be one sceptic that's converted, but at the moment history tells me it won't happen.
 
Brauny said:
Not quite. I certainly remember Callaghan's.



The Tories take the blame ( some justified and some not) for making cuts. Whenever Labour have been in, the Tories usually inherit a failing economy that needs sorting out as confirmed in Labours Liam Byrne's 2009 ' no money in the pot, good luck ' letter on leaving government.
The Tories made unpopular decisions. Then they took the flak for some of Labours mismanagement i.e Gordon Browns criminal selling off, of the nation's gold at rock bottom prices.
What I find interesting is how will Labour tackle the current mess that they will surely inherit in 2 years time. This will be the first time in my lifetime where they wont be able to throw the kitchen sink at everything, because the economy is fooked . Let's see how they cope, if they do it well, then I'd be one sceptic that's converted, but at the moment history tells me it won't happen.
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You’re not aware that every government leaves similar wind up letters when they lose power. This was the first time anyone had sunk low enough to use it as a political weapon. They often remove bulbs and door handles.
You seem happy to excuse the tories for previous slashing of spending, will you do the same when they bring in huge spending cuts due to fucking up last Friday?
 
hackneyfox said:
You’re not aware that every government leaves similar wind up letters when they lose power. This was the first time anyone had sunk low enough to use it as a political weapon. They often remove bulbs and door handles.
You seem happy to excuse the tories for previous slashing of spending, will you do the same when they bring in huge spending cuts due to fucking up last Friday?
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I don't need to defend them, as you mistakingly think I am a Tory, and you conveniently avoid why they 'slash spending '
 
hackneyfox said:
You’re not aware that every government leaves similar wind up letters when they lose power. This was the first time anyone had sunk low enough to use it as a political weapon. They often remove bulbs and door handles.
You seem happy to excuse the tories for previous slashing of spending, will you do the same when they bring in huge spending cuts due to fucking up last Friday?
Click to expand...
On a more serious note, I can just imagine Brendan sneaking round Seagrave nicking all the light bulbs and door knobs.
 
Quickest U-Turn in history.
Yesterday Truss was giving it her full support before later throwing Khazi under the bus saying it was his decision to cut the top rate and not inform the cabinet.
 
This U-Turn is not really primarily about the markets which it seems to me are (those corners of it that thrive on instability aside) just reacting to the vacuum that the Government created whilst giving the impression that they had something to hide.

Firstly they could not afford the cutting of the 45% tax rate to dominate their conference & give the impression of a fragmented party. But secondly they need the noise regarding the plan - and specifically the higher rate tax cut which was dominating - announced 2 Fridays ago to die down well in time for November 23rd (which is why they refuse to bring that date forward) when they start to spell out how they intend to pay for their plans. It is going to be a hard sell anyway but trying to sell real-term cuts in spending as a result of fiscal plans that include cuts in the tax burden for the wealthiest during a "cost of living crisis" would be political suicide.
 
buz_not_buzz said:
This U-Turn is not really primarily about the markets which it seems to me are (those corners of it that thrive on instability aside) just reacting to the vacuum that the Government created whilst giving the impression that they had something to hide.

Firstly they could not afford the cutting of the 45% tax rate to dominate their conference & give the impression of a fragmented party. But secondly they need the noise regarding the plan - and specifically the higher rate tax cut which was dominating - announced 2 Fridays ago to die down well in time for November 23rd (which is why they refuse to bring that date forward) when they start to spell out how they intend to pay for their plans. It is going to be a hard sell anyway but trying to sell real-term cuts in spending as a result of fiscal plans that include cuts in the tax burden for the wealthiest during a "cost of living crisis" would be political suicide.
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I'm not sure if I think the fact that they listened is a good thing or how they could be so daft in the first place.
 
The thing I didn't really understand was why they did it. It was never going to be a vote gainer because the people it helped were natural Tories anyway (except for our Gaz and Gormless Neville)
 
Truss and Starmer are your choices. Have you not worked out yet that neither of them give a fuck about you and are both as fucking useless as the other. Left, right, left, right, blah blah fucking blah..
 
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