UK Conservative Party Leadership Election

ChopleyIOM

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This is what the privatised water companies think of the UK, this footage is taken from a Lincolnshire beach yesterday. Or should I say Lincolnshite....

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mack341

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This is what the privatised water companies think of the UK, this footage is taken from a Lincolnshire beach yesterday. Or should I say Lincolnshite....

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I'm not a great expert on sewage, but if you've got 70 million people it must be a nightmare to do something with it. Maybe we can turn it into energy, interesting:

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mcgameboy

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This is what the privatised water companies think of the UK, this footage is taken from a Lincolnshire beach yesterday. Or should I say Lincolnshite....

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You could even call it Stincolnshire. Or Stincolnshite.
 

dunover

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This is what the privatised water companies think of the UK, this footage is taken from a Lincolnshire beach yesterday. Or should I say Lincolnshite....

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So despite obviously noticing effluent and filming that as opposed to the kids, she lets them run about in it for a while to make an effect....?:rolleyes:

I think I'd have got the kids out before filming it. Still, I'm sure it earned her a few more shares and likes.

I tell you what - why doesn't she find a damaged fence by a high speed railway track, let her kids through it and make a 'shock' video about that?
 

ChopleyIOM

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So despite obviously noticing effluent and filming that as opposed to the kids, she lets them run about in it for a while to make an effect....?:rolleyes:

I think I'd have got the kids out before filming it. Still, I'm sure it earned her a few more shares and likes.

I tell you what - why doesn't she find a damaged fence by a high speed railway track, let her kids through it and make a 'shock' video about that?

Victim blaming at its finest. Well done on identifying the villain of the piece dunover!
 

ChopleyIOM

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EU is getting the energy companies to pay a chunk of their profits towards keeping bills down via massive windfall taxes.

Truss has chosen to load £150bn of fresh debt onto the UK taxpayer.

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pinnit2014

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Britains reputation on pollution has never been great - was it not, under nationalisation, known as the Dirty Man of Europe?

As for ladening the tax payer with 'costs' - well there are many current schemes that do just that eg. in Scotland, I Pads for kids in each household etc. Tabs picked up somewhere.
 

ChopleyIOM

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Who gives a flying fuck what Ursula thinks or says

Well yes it is more pertinent what Truss thinks or says, unfortunately she seems to think that the answer here is to let the energy companies keep all of their projected £170bn profits over the next two years for themselves and their shareholders, whilst saddling the UK taxpayer with £150bn of fresh government debt.

And remember, they're selling stuff that belongs to the UK, out on the international markets at huge benefit to themselves, and then the UK taxpayer gives them billions upon billions to buy it back.
 

ChopleyIOM

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A decent article detailing the blunders that it looks like Truss and Kwarteng are making, or likely to make, that could lead to a full-on currency crisis for the pound.

In essence Mason is arguing that there are six key economic indicators, and the UK is doing badly on all of them. Inflation, investment, trade, debt, sterling and the current account - the numbers aren't good.

Truss and Kwarteng are waxing lyrical about economic growth, which they are prioritising above everything else, the problem is their plan isn't going to work, not least because it ignores two of the main things that are required for that growth to happen, investment and redistribution.

Yes Paul Mason is a left wing commentator, but a lot of prominent economists agree with his assessment. If they're right, the UK and its currency are heading into very dangerous waters.

It's a decent article, with clearly laid out arguments, and it's not that long either.

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ChopleyIOM

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All looking fine so far.

Outside of ERG/hard-right headbanger circles, there's scarcely a single notable economist who doesn't think the current Truss plans are anything other than economically incoherent and liable to cause great damage to the UK's position.

I will say one thing for Truss, she certainly believes in what she's saying and isn't afraid to say it, absolutely brazening out raising the cap on bankers' bonuses whilst admitting it will increase inequality in the UK, insisting that the benefits will 'trickle down'. (They won't.)

If you're not already financially comfortable, things are about to get considerably worse.

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In addition to this, Jacob Rees-Mogg has decided that he's now a seismologist and is increasing the threshold for what counts as an earthquake following fracking, saying that the current limit of 0.5 is 'too low'. (Spoiler alert - a lot of the proposed fracking sites are up in Northern 'Red Wall' areas.)

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ChopleyIOM

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Backbench Tory MPs kicking off about fracking, I think this is a serious misstep by Truss, and very early on too.

There just isn't any public support for these massive companies to start smacking the fuck out of England, polluting the water table, causing fucking earthquakes, and not even any promise of cheaper energy, since it'll all go on the international markets anyway.

It's also a clear breach of a crystal clear manifesto pledge at the last election, as a Tory MP points out to Rees-Mogg.

The way to fix this is for the UK to keep the energy it makes for itself right now, we have an abundance of it, adding fracking into the mix, several years down the line (because it will take a long time to become productive), to just go into the same speculative pot won't help anyone except the massive, very rich companies and their shareholders. (Ahhhh right, the riddle is solved......)

And by all accounts there isn't even that much gas down there, AND it'll be very hard to extract because of the geology of the UK.


 

mcgameboy

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Backbench Tory MPs kicking off about fracking, I think this is a serious misstep by Truss, and very early on too.

There just isn't any public support for these massive companies to start smacking the fuck out of England, polluting the water table, causing fucking earthquakes, and not even any promise of cheaper energy, since it'll all go on the international markets anyway.

It's also a clear breach of a crystal clear manifesto pledge at the last election, as a Tory MP points out to Rees-Mogg.

The way to fix this is for the UK to keep the energy it makes for itself right now, we have an abundance of it, adding fracking into the mix, several years down the line (because it will take a long time to become productive), to just go into the same speculative pot won't help anyone except the massive, very rich companies and their shareholders. (Ahhhh right, the riddle is solved......)

And by all accounts there isn't even that much gas down there, AND it'll be very hard to extract because of the geology of the UK.
Maybe they should just smack/frack the fuck out of you then, given that you are an ABUNDANT source of gas and hot air.....

 

ChopleyIOM

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Maybe they should just smack/frack the fuck out of you then, given that you are an ABUNDANT source of gas and hot air.....



Politics in the politics thread, whatever next!

Mr Kinnock awards your post 3/10.
 

ChopleyIOM

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The blue bars are previous government borrowing estimates, the red bars are what Truss's plans are going to do. (And these are reckoned to be at the lower end.)

Brace for impact folks.

Pound is falling again, and the UK government is having to pay more interest on its debt, so this borrowing is more expensive than it would have been a year or two ago.

They are betting the ranch on massive economic growth, by making the rich richer.

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dunover

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Yay! Top rate lowered 5% and the basic rate 1% AND NI rise removed so more spends! Pound weakening and I'm paid mostly in Euros and a bit in Dollars so a good day all round! 🥂 🥂

Now I can afford Staryucks and Greggs again so help to keep people in work and premises open in the retail and leisure sector! Exactly how trickle-down is supposed to be. I know @ChopleyIOM will excusively read contrary posts on social media, treating their opinions as gospel but economically there is a good case for it, keeping money circulating.

I also realized last night that as we have a very energy-efficient household with bills annually well under £1500 that (according to that annoying, preaching Martyn Lewis's graph last night on ITV) that we are at a usage level which means with the price cap AND £400 discount we will actually pay LESS than before. Apparently low-users in the £500-£1500 range all will do.

And of course with the interest rates going up to 2.25% I can actually earn money on savings again.

So all-in-all Quasi Quartend and the BofE have directly or indirectly given a quintuple whammy in my direction so no complaints here. I'm not a rich man at all but will benefit like many, but I'm sure matey will predict doom and disaster.
 

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4% 2 year fixed term cash saving account with Atom came out yesterday - highest guaranteed return we had for about ten years, about time savers had something back. Hopefully the green tax crap will also be abolished soon.

(And it’s covered by the £80k odd regulator guarantee)
 
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Webzcas

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Pound is falling again, and the UK government is having to pay more interest on its debt, so this borrowing is more expensive than it would have been a year or two ago.

Yes as is the Euro which has dropped over past few weeks more steeply than the pound against the dollar. You can't even get a full $1 for €1 now. So please keep things in context.

Screenshot 2022-09-23 at 12.40.57.png As for the 'Mini Budget' - This is massive!!! As in MASSIVE!!! One thing about Liz Truss, she didn't lie during her leadership campaign. Not only has she earlier this week at the UN in New York, double downed on her pledge to increase defence spending to 3% of GDP by 2030, she has now with this budget, reaffirmed all her pledges.

This is a serious punt and one can only hope it kick starts growth to another level. Inflation is the main worry though and by not nationalising the oil and fuel producers operating in the North Sea, we could see everything crashing around us in a few years time.

What this budget is though, is kick ass bold IMO. Like going all in on a game of poker, betting your house and not entirely confident you are going to win when the cards are turned over.

Short term though, this budget is a big boost to the self employed and those who employ people. Not so much those low earners, although they have been thrown a crumb in the form of a 1% reduction in the basic rate.
 

ChopleyIOM

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What this budget is though, is kick ass bold IMO. Like going all in on a game of poker, betting your house and not entirely confident you are going to win when the cards are turned over.

There was a time a Conservative government would have considered betting an entire country's economy on a thoroughly debunked economic model (SPOILER ALERT - THIS ISN'T GOING TO WORK) was, dare I say, rather reckless.

Let's call it what it is, it's a budget by the wealthy, for the wealthy. The better off you already are, the better off you're going to be. Those towards the middle or the bottom are expected to be happy with any scraps that may (or may not....) fall off the table.

The markets certainly didn't like it, and I'm not surprised, considering this is a huge and uncosted increase in government borrowing, with no idea of how to pay for it except for 'Future growth which is definitely going to happen even though we have no idea where it's actually going to come from'.

Still, as I said the other day, at least we know where Truss stands, she's absolutely unapologetic about what she's doing and why she's doing it. Unlike Johnson who would say anything at all, to anyone, just to get through the next hour or day or week, Truss is driven by ideology and a belief that what she's doing will work, so at the next general election voters will have a clear choice.

I note dunover's ecstatic reaction above, which reminds me very much of his giddy delight at Johnson's amazing Brexit deal - (it's still in the Brexit thread, I'll spare his blushes and not exhume it here, but it's safe to say it hasn't stood the test of time very well) - and I am quite sure that this AMAZING MINI-MASSIVE BUDGET will also age like milk on a hot day, just as Johnson's Brexit deal did.

Anyway, time will tell, all we can really do is watch.

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dunover

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There was a time a Conservative government would have considered betting an entire country's economy on a thoroughly debunked economic model (SPOILER ALERT - THIS ISN'T GOING TO WORK) was, dare I say, rather reckless.

Let's call it what it is, it's a budget by the wealthy, for the wealthy. The better off you already are, the better off you're going to be. Those towards the middle or the bottom are expected to be happy with any scraps that may (or may not....) fall off the table.

The markets certainly didn't like it, and I'm not surprised, considering this is a huge and uncosted increase in government borrowing, with no idea of how to pay for it except for 'Future growth which is definitely going to happen even though we have no idea where it's actually going to come from'.

Still, as I said the other day, at least we know where Truss stands, she's absolutely unapologetic about what she's doing and why she's doing it. Unlike Johnson who would say anything at all, to anyone, just to get through the next hour or day or week, Truss is driven by ideology and a belief that what's she doing will work, so at the next general election voters will have a clear choice.

I note dunover's ecstatic reaction above, which reminds me very much of his giddy delight at Johnson's amazing Brexit deal - (it's still in the Brexit thread, I'll spare his blushes and not exhume it here, but it's safe to say it hasn't stood the test of time very well) - and I am quite sure that this AMAZING MINI-MASSIVE BUDGET will also age like milk on a hot day, just as Johnson's Brexit deal did.

Anyway, time will tell, all we can really do is watch.

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I have to laugh at your hypocrisy in using these one-day graphs. These arise as a result mainly of rich speculators/investors and money traders' activities which you usually bemoan (and you recently called out in context of wholesale energy prices.)

It does however endorse my purchase of gold which is always good to have in times of inflation and money devaluation, plus it's traded in USD so that's a sixth positive whammy I forgot to mention yesterday. Labour and some markets may not like it, but they never liked Thatcher's strategy which proved after time to be one which lifted the UK out of the socialist doldrums of the 1970's and raised us steadily up the league of richest nations. People under 40-50 would not be aware of that.

It has generally been well received among businesses and taxpayers and has certainly benfited me and I'd guess many others on here. Obviously in your tax haven IoM you won't benefit yourself from most of it, so no need to get crabby ol' chap!
 
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The Euro dropped against the dollar too yesterday showing a graph similar to the one posted a few posts up.

Well at least the traders and speculators will be making some money on it, and will look forward to their bonus next year that will be a massive one because of the cap that is proposed to be lifted on said bonuses. They can then finally be proper rich and make all the poor people in the UK their servants.

I predict that in a few years time people will emigrate to North Korea because that is the better country to happily live in.
 

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Have to say (as a lifetime Tory voter) the horseshit emanating from the current Government - no more windfall taxes, ridiculous borrowing, shoving more money and tax cuts at already rich folk - is somewhat dispiriting. All very reckless, and against the national interest. Putting future unborn generations into crippling debt.

They won't get the "growth" they are looking for because the structure of the economy is moribund and the people tired, mostly broke and unmotivated. They'll just add fuel to inflation and pad some peoples' bank accounts.

But the answer isn't useless Labour. I'll die before I ever vote for a woke red rosette.

Officially politically homeless now.
 

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