2015 post UK election discussion

[Toffeelover]

The bigger the national debt that builds up, the more expensive it is to meet interest payments. At some point it becomes more difficult and more expensive for governments to borrow extra money because people become reluctant to lend to them.

But we are nowhere near that point in the UK.

Greece got their first, buggar. We come in second again.

 

[bring the ghost on]

From the repeal of the Corn Laws, through the introduction of the Old Age Pension, NHS, Minimum Wage, Equal Pay for Women, gay rights, every socially progressive measure has been opposed by the Tories.

This is an inescapable truism of British politics.

 

[bizzaro]

The Child Poverty Act is a UK law which this Government are failing to comply with. Child poverty is not being reduced by 100k a year - it's going up. It will not be 5% by 2020. The government are breaking the law.

Reducing unemployment will do more to reduce child poverty than anything else.

As was stated here:

https://www.gov.uk/government/publications/child-poverty-strategy-2014-to-2017

So you're wrong again!

 

[daylightrobber]

Greece got their first, buggar. We come in second again.

Glad you raised this because as we continue to lend more money to bail others out, we strengthen our own economic situation. A bit like banks doing better when more people are in debt.

 

[bizzaro]

Glad you raised this because as we continue to lend more money to bail others out, we strengthen our own economic situation. A bit like banks doing better when more people are in debt.

Wrong. That only applies if they pay the money back.

 

[Clint Planet]

Few succinct points on the outcome of the election:

• Astonishing result for the Tories. No government has ever been given such a mandate after one term in office since the early 1900's.
• The SNP are and will continue to be incredible and somewhat likeable, even if they wrong about many things.
• If the PLP and Labour supporters go on thinking that the reason Labour lost was because some newspapers didn't like Ed, they'll continue to lose elections. They lost because they had a weak leader and sh*t policies.
• The Liberals in the Lib Dems need to split from the SDP-types and reform the Liberal Party.
• The Scottish Labour Party needs to completely split from the Westminster Labour Party.

Tories in 1983?

 

[The Esk]

We were close to bankruptcy since the international creditors were unhappy.

It is those that decide if the UK is solvent or not and if they will give future loans.

If they think that they will not get their money back or a default the UK will quickly slide into difficulties.

Due to the sheer size of the UK debt.


This is a fact.

This is not fact, it is an opinion, no more.

Look at 10 year Gilt yields - not once did they show any suggestion that we were even close to bankruptcy.

You should examine the bid to cover ratios which show how many investors are bidding for gilts at auction. Again there was nothing to demonstrate that the UK was even close to bankruptcy.

 

[daylightrobber]

Reducing unemployment will do more to reduce child poverty than anything else.

As was stated here:

https://www.gov.uk/government/publications/child-poverty-strategy-2014-to-2017

So you're wrong again!

For a start I'd appreciate it if you didn't simply say that I'm wrong and then expect that to win an arguement. It is your view. Nothing more.

We had this discussion extensively on the other thread. The coalition record on poverty is one to be ashamed of. I don't want to have to go into my connections with Banardos again, or into my involvement with social housing. I'm happy that I know what I'm talking about as I see it day in day out. Your opinions are based on nothing more than Right Wing propaganda and are far removed from reality.

 

[bizzaro]

This is not fact, it is an opinion, no more.

Look at 10 year Gilt yields - not once did they show any suggestion that we were even close to bankruptcy.

You should examine the bid to cover ratios which show how many investors are bidding for gilts at auction. Again there was nothing to demonstrate that the UK was even close to bankruptcy.

Did not the fact that the UK lost its AAA credit rating for the first time in 35 years not suggest otherwise?

How quickly would that of dropped if a debt reduction programme hadn't been initiated is anyone's guess.

 

[Clint Planet]

Are you saying that if you have a talent and a will to work then you will be successful? I work with families everyday who would not recognise this I'm afraid. It is simply not true.

And what if you don't have a talent? It's a libertarian myth that graft guarantees success.

 

[daylightrobber]

Wrong. That only applies if they pay the money back.

Ffs. I guess banks and countries across the globe are just giving money away and not getting richer. There will always be some defaulters but the law of averages means that when you lend with interest, you make money.
Possibly the worst argument you've come up with so far and that's saying something.

 

[bizzaro]

For a start I'd appreciate it if you didn't simply say that I'm wrong and then expect that to win an arguement. It is your view. Nothing more.

We had this discussion extensively on the other thread. The coalition record on poverty is one to be ashamed of. I don't want to have to go into my connections with Banardos again, or into my involvement with social housing. I'm happy that I know what I'm talking about as I see it day in day out. Your opinions are based on nothing more than Right Wing propaganda and are far removed from reality.

The fact you quoted the 'International Covenant on Economic, Social and Cultural Rights' entirely wrongly shows you were wrong!

 

[Khalekan]

I buy the Mail near everyday but laugh at the infantile propaganda passed off as political comment inside.

I must admit I buy the Mail for Madame Khal now and again and the Mail on Sunday every week.

Once you get past the right wing bollox and populist headlines it provides excellent sports coverage, review sections and lifestyle features.

I won't be buying it for a week or two though, until the gloating over the Election is finished

 

[marty mcfly]

This is not fact, it is an opinion, no more.

Look at 10 year Gilt yields - not once did they show any suggestion that we were even close to bankruptcy.

You should examine the bid to cover ratios which show how many investors are bidding for gilts at auction. Again there was nothing to demonstrate that the UK was even close to bankruptcy.

Sorry are you seriously saying we should have gone on borrowing?

Until when exactly? What age are you, maybe it's because by the time we are bankrupt you'll be dead.

At some point rebalancing the books had to occur. The debt has been going up for decades to fund all those progressive policies. You might not think that's a big deal but to me who probably won't get a pension or people younger that are having a hard time getting work it is.

 

[daylightrobber]

The fact you quoted the 'International Covenant on Economic, Social and Cultural Rights' entirely wrongly shows you were wrong!

And if you were following (keep up at the back) we were also discussing the Child Poverty Act. How difficult is it?