That is inevitable.
It won't be this year. It will be probably nearer the end of next. But it is inevitable.
Just imagine if that crashed the economy. Oh. That has been done for them.
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Liz Truss PM - Gone Within a Year?
- Thread starter MOIC
- Start date
It won't be this year. It will be probably nearer the end of next. But it is inevitable.
Just imagine if that crashed the economy. Oh. That has been done for them.
4%/£470 is that millions, thousands or just £470.
From my personal experience it seems like a low figure. I'll give the benefit of doubt and presume it's adjusted for inflation because if it's not then basing economic acitivity based on £ spent seems like a distorted measure because the price of goods coming in from the continent is huge now.
I'd be interested to see what the actual units/pallets/containers numbers crossing borders between the EU and UK is.
Brexit makes it much more difficult for smaller businesses than big business. A conglomorate can export several shipping containers of shampoo in one go. It's just 1 set of paperwork. For a small organic astisan shampoo maker D2C (each bottle shampoo needs its own paperwork) - their exports to the EU have flatlined.
I doubt any trade deal with Canada, News Zealand, Australia, US will make it worthwhile from buyers there to buy products direct from a UK seller.
THe UK small business sector had a huge competitive edge over mainland europe. Because the most popular 2nd language is English. There's a sizeable English speaker based in every EU country. It was so easy to get customers from Europe just from having an English language website.
ireland is going to benefit hugely from our exit out of EU/
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I have just received an email from change.com with the acting editor of the Independent stating:
Who is leading our country should be decided in a general election, not in the strange bubble of yet another Conservative leadership election.
It is time for voters to decide who should govern the country and uphold the democratic principles our governing bodies are built on. For this reason we are calling for a general election now.
It is sad that such a senior journalist doesn't know the way politics and elections work in the UK. Even more interesting is that, in a few hours, he has got almost 50k people agreeing with him!
AND people are 'chipping in' to help pay for this petition!
Who is leading our country should be decided in a general election, not in the strange bubble of yet another Conservative leadership election.
It is time for voters to decide who should govern the country and uphold the democratic principles our governing bodies are built on. For this reason we are calling for a general election now.
It is sad that such a senior journalist doesn't know the way politics and elections work in the UK. Even more interesting is that, in a few hours, he has got almost 50k people agreeing with him!
AND people are 'chipping in' to help pay for this petition!
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Boris to return nearer to reality?
Crazy times do not finish with Liz Truss departure.
The vote for the new PM requires a minimum of 100 MP’s to back the candidate, so Boris and Rishi are the only two likely to get through.
However, despite the result being announced next Friday at the latest, the party membership supposedly WILL be getting to vote, and Boris is so popular I could see Rishi not bothering to run.
Of course, knowing the Conservatives all this might change by midnight. What crazy times we are living at the moment.
Crazy times do not finish with Liz Truss departure.
The vote for the new PM requires a minimum of 100 MP’s to back the candidate, so Boris and Rishi are the only two likely to get through.
However, despite the result being announced next Friday at the latest, the party membership supposedly WILL be getting to vote, and Boris is so popular I could see Rishi not bothering to run.
Of course, knowing the Conservatives all this might change by midnight. What crazy times we are living at the moment.
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Not correct. The PM is selected by MPs not the electorate. In an election you vote for your local MP.
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people have the memory of a goldfish, boris is damaged, he's known as a liar. if he comes back again, he's not going to get anything done and the press will hound him for the lies he's made 2 years ago. plus the findings of the partygate thing will come out in 3 months.
conservatives need to get some boring and non-scanadelous PM in like IDS or Dave Cameron and the press need to stop treating politics like reality tv and let them get on with the job.
conservatives need to get some boring and non-scanadelous PM in like IDS or Dave Cameron and the press need to stop treating politics like reality tv and let them get on with the job.
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Sorry, but
https://www.bbc.co.uk/news/uk-england-oxfordshire-63242200.amp
I can’t think of any other PM where people felt able to refer to him on first name terms!
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Whatever the right's and wrongs of the PM, there has been a one sided consorted effort by the press to get her out, we used to have the main TV channels offer both sides of the arguments i.e. for and against. now we have 100 percent attacks,
According to the press we are the only country in the world with high inflation, high food prices and high fuel costs
Do we also need poor questions, like "are you finding it hard to buy food or heating" such loaded questions is crap reporting
According to the press we are the only country in the world with high inflation, high food prices and high fuel costs
Do we also need poor questions, like "are you finding it hard to buy food or heating" such loaded questions is crap reporting
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Cameron, of course, starts to look excellent compared with all that came after!
He would never be accepted though, due to his have supported the Remain camp. And I assume he would rather poke his eyeballs out with a fork.
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Me! Me! She resigned.
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Liz/Kwatang had 1 plan and no back up
It was to reduce as much as possible all taxes and regulation - it is the very essence of why a certain faction wanted Brexit. The theory is/was that by removing market inefficiencies the resultant average gain results lead to greater profits in total so a lesser % is still a larger absolute amount and/or the reduced size of the state (less regulation and other public expenditure reduces the cost of govt) means that tax take is still greater than state expenditure so the books balance.
However she was undone by a few things
1. Lag - everything mentioned above takes time to play out and the reduction in income (tax) comes well in advance of the efficiencies working through the system to increase total output and also well before govt expenditure decreases work through. When you are fighting a deficit and with nflation roaring away is precisely when you cant afford to it
2. Risk Aversion - the majority of economists don't believe the increase in output and decrease in spending would be enough that the reduced % tax take would be compensated for.
3. People - people don't want a smaller state on average - they all want some parts of the state reduced but those are the bits that don't affect them, few will vote to reduce the spend on the bits they use. Parents more more on education, pensioners want more on bus bases and pensions, the sick (and relatives thereof) want more on the NHS, drivers more on roads, farmers more in subsidies. LOADS more on defence when Putin is raging
Add those together (plus some others) and it is obvious that the political and economic currents were so strong that an attempt to plough on with no communication or attempt to take the detractors with her was suicide.
What do you expect the BBC/SKY, Bloomburg, FT to say - "it works on SimCity so give her a couple of years to see if it works in real life, in the meantime be prepared for deprivation for it will be worth it maybe"
Her inability to hold a crowd, present to her peers (let alone the public) made her near impossible task definitely futile and her pace made it suicidal.
As an aside the likely direction of travel now for public finances and public sector priorities renders Brexit even more pointless - honestly what "red tape" (otherwise called essential regulation) do you see being removed (as opposed to just renamed in imperial) or what competitive advantage do you think we have as a country outside the SM without undercutting through reduced regulation
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T
The Byre
You can never reduce spending without restructuring. That applies to everything and everybody - it is why we have the Austerity Anomaly.
The only problem the UK government has is time - lag if you prefer! It takes years to implement structural change. 10 years, maybe 20 years - they think in months! "The polls are against us - what is popular right now?"
"Ah, yes! Tax cuts and more spending - so we'll borrow and borrow and borrow and . . ." and now paying back all that borrowing costs c.a. £90bn p.a. - double the defense budget!
Also gov. spending is now 45% of GDP. Gov. revenues stop increasing once gov. spending hits around 35% (the infamous Laffer curve). That's what Jam Tomorrow policies can do for you!
- You cannot cut down on heating by buying less heating oil - you must insulate.
- You cannot cut down on Diesel for a truck - you must buy a more efficient truck.
- You cannot free up 10,000 NHS bed-blockers - you must build and staff more care homes.
The only problem the UK government has is time - lag if you prefer! It takes years to implement structural change. 10 years, maybe 20 years - they think in months! "The polls are against us - what is popular right now?"
"Ah, yes! Tax cuts and more spending - so we'll borrow and borrow and borrow and . . ." and now paying back all that borrowing costs c.a. £90bn p.a. - double the defense budget!
Also gov. spending is now 45% of GDP. Gov. revenues stop increasing once gov. spending hits around 35% (the infamous Laffer curve). That's what Jam Tomorrow policies can do for you!
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And did she announce a single measure around restructuring - if so i didnt notice them
If she had them in the pipeline maybe if she had announced them first and seen how they went down before announcing the bonanza giveaway she might have got a better reception from the markets
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Suprised no candidate ever has the kahunas to simply tell the country what we all already know. There is going to be a worldwide recession/depression, things are tough, and they are going to be tougher in the future.
Interest rates on mortgages now at 6.75% Apr for most, those will increase again come Nov 3rd, if not before, and will stay high for 2-5years before any hope of them reducing again.
The Nation has to stop expecting the Government to solve these problems, everyone needs to take responsibility wherever they can for themselves. I have never known any Government truly help anyone in my lifetime, tax is running at an all time high.
So people have two simple choices, cut their spending, or earn a lot more to maintain their standard of living.
Interest rates on mortgages now at 6.75% Apr for most, those will increase again come Nov 3rd, if not before, and will stay high for 2-5years before any hope of them reducing again.
The Nation has to stop expecting the Government to solve these problems, everyone needs to take responsibility wherever they can for themselves. I have never known any Government truly help anyone in my lifetime, tax is running at an all time high.
So people have two simple choices, cut their spending, or earn a lot more to maintain their standard of living.
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No different from any other government in that respect, be it a conservative, Labour or coalition. Simple reason, there is no real accountability, it is always easy to spend other people’s money rather than your own.
Be it illegal wars to botched medical computer systems, to aircraft carriers we cannot land planes on for a few years, or way back when previous warplanes onboard radars failed to work.
No one ever pays the price, why not reduced pensions, or even complete reductions in exceptional cases such as police lying to courts or ignoring evidence etc.
End of the day the UK has the politicians it deserves, because most people do not care about things really, they will moan for a day or two, then carry on as normal. That is what the Brits have been doing for the last fifty years.
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- Original Poster
- #312
Agree 100%
Skin In The Game
Is it about time that our politicians have 'skin in the game', whereby if they do not live up to their promises, they get a penalty, financial, demotion or both? The same could be applied to other people in power that fail to live up to their promises. (Force majeure to be take into account)...
www.ukbusinessforums.co.uk
It's what's needed to ensure our politicians don't lie, just to get elected.
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I agree that the media should be impartial. They should also report the facts. I cannot see, with regard to Truss, that the mainstream media did anything other than that.
What I hate is when, in order to look impartial, the bBC puts up anyone it can find with an oppowing view, no matter how completely mad the opposing view is. This is particularly the case with climate change - an academic who specialises in weather patterns explains what is happening to the climate and the BBC drags in some nerd from the street to discuss the position and all they can do is keep saying 'it's all just natural change'. No evidence, no discussion of theories. just a repeated statement of their personal belief.
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“Comparison of the records from Sicily Channel studied in this work (thick dark blue line) in comparison with other samples – Alboran Sea (thick light blue line), Minorca Basin (thick red line) and Aegean Sea (thick dark and light green lines). They support the claim that the Roman Period saw a 3.6°F rise in temperatures in the Med
The Empire coincided with a 500-year period, from AD 1 to AD 500, that was the warmest period of the last 2,000 years in the almost completely land-locked sea. “ Net zero watch.
After many scientists warned of the Great Barrier Reef was about to be decimated by warming sea temperatures, it currently has possibly the largest size it has ever been.
The one point I would make, which is not scientific in the slightest, just my observations of sixty years on this earth, just because someone is a scientist doesn’t mean they are right, more often than not time seems to prove them wrong. Maybe it is because they get paid to push the narrative wanted by politicians with the various funding and fees for their findings, and like everyone else they are happy to use the data in whatever context they desire, only to find later it doesn’t always stand up to scrutiny.
Green policies allow the world Govs to tax people and force new industries onto them, against their will. Having a population either scared or evangelical about a cause and potential threatened outcomes makes introducing taxes and draconian measures so easy.
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As if by magic - exactly what i said is repeated by a major tory donor
UK doomed without Brexit rethink, warns past Tory backer
Financier Guy Hands claims the UK is facing an IMF bailout because of the way its EU exit was negotiated.
www.bbc.co.uk
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In other words, it's all Boris' fault!As if by magic - exactly what i said is repeated by a major tory donor
UK doomed without Brexit rethink, warns past Tory backer
Financier Guy Hands claims the UK is facing an IMF bailout because of the way its EU exit was negotiated.
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T
The Byre
No - it's the fault of all the numpties that thought that a man who has been fired from every position he has ever held and has a proven track record for dishonesty, foolishness and for being totally untrustworthy was somehow fit to be prime minister.
England has always had a strange relationship with the rest of Europe - as if the UK was not really a part of Europe at all. The facts about imports and exports and career opportunities just get ignored by most of the UK population - that attitude really is quite strange.
In a way, it is a bit like the xenophobic attitudes one comes across in the US and Japan - their country is just the best on Planet Earth and everything else is somehow morally and spiritually inferior.
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this is the exact bit which is exactly my thoughts as well, which is what i meant by "they had 1 plan and no backup". So Cameron, May, BoJo and Liz combined
"The reality is when they did Brexit, they had a dream. And the dream was a low-tax, low-benefit economy," he told the BBC's Today programme.
Outgoing Prime Minister Liz Truss had tried to push through those policies, he said, but it had not worked.
"Once you accept that you can't actually do that, then the Brexit that was done is completely hopeless, and will only drive Britain into a disastrous economic state," Mr Hands said.
"So I think [if] the Tory party can own up to the mistake they made and how they negotiated Brexit and have somebody leading who actually has the intellectual capability and the authority to renegotiate Brexit, there is a possibility of turning around the economy, but without that the economy is frankly doomed."
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