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Post by followyoudown on Sept 24, 2022 17:00:03 GMT
Huddy has already posted this on the Shambles thread, but it deserves to go here as well. Brexit was not all about bankers and the super-rich, it was about tearing up the countryside Fake news from Huddy what are the chances...... the investment zones just show whole counties, the local authorities would decide where they'd go I'd kind of assume they'd look for areas with good road / rail links close to population areas to provide staff rather than tarmac over nature reserves but what do I know.....
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Post by yeokel on Sept 24, 2022 17:05:55 GMT
It is interesting that no brexiteers have responded to yours, my and others who have posted that yesterday’s budget was exactly what brexit was really about for those leading the leave campaign. Johnson didn’t do it because he wasn’t a true brexiteer. He just saw an opportunity for power and he grasped it but he never really believed in true deregulation. I know many on here consider themselves left wing and voted for brexit. I wonder how they feel now about everything. Presumably furious that the tories have taken politics so far right, but what I don’t get is how those left wing brexiteers didn’t see this coming with a leave vote!? Or perhaps they did and still think brexit was worth it. “ He just saw an opportunity for power and he grasped it but he never really believed in true deregulation” Are you talking about Nick Clegg or Vince Cable in the above? “ I know many on here consider themselves left wing and voted for brexit. I wonder how they feel now about everything” Being slightly presumptuous, I’m going to assume that I might be one of those referred to? Either way, the cap fits. As for my answer, I’ve said many times on this messageboard that my Brexit vote had nothing to do with economics or deregulation. I am opposed to “ever closer union” and think it will lead to a civil war in Europe. As such, I wish for my friends and family, and for my country, to be as far away from involvement in that outcome as possible. Knowing this country’s penchant for involving itself in conflicts, it is probably a forlorn hope on my part, but that’s why I voted for Brexit, and I stand by that. At the time, I had no doubt in this country’s ability to stand “on its own two feet” and, given a fair wind, I still have no doubts about that. I always thought we would travel along a bumpy road for a few years, but didn’t expect us to be laying the land mines in our way ourselves. I didn’t believe that Johnson was quite as inept, useless and corrupt as he’s now been shown to be. And I wouldn’t have believed that, once he had been discovered and turfed out, he would be replaced with something that is as extreme and right wing as what we have now. In summary, I would say that, to date, I don’t regret my vote in favour of leaving the EU, but I do regret our choice of political leaders and governments who have completely failed to grasp any of the opportunities which might have been available to us and who appear to be steering us towards a very dark future.
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Post by Rednwhitenblue on Sept 24, 2022 17:16:47 GMT
Huddy has already posted this on the Shambles thread, but it deserves to go here as well. Brexit was not all about bankers and the super-rich, it was about tearing up the countryside Fake news from Huddy what are the chances...... the investment zones just show whole counties, the local authorities would decide where they'd go I'd kind of assume they'd look for areas with good road / rail links close to population areas to provide staff rather than tarmac over nature reserves but what do I know..... Hmmm, tarmac over nature reserves.....I'm trying to recall a major engineering project currently doing just that....
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Post by foghornsgleghorn on Sept 24, 2022 17:17:20 GMT
Huddy has already posted this on the Shambles thread, but it deserves to go here as well. Brexit was not all about bankers and the super-rich, it was about tearing up the countryside Fake news from Huddy what are the chances...... the investment zones just show whole counties, the local authorities would decide where they'd go I'd kind of assume they'd look for areas with good road / rail links close to population areas to provide staff rather than tarmac over nature reserves but what do I know..... "Liberalised planning rules to release more land for housing and commercial development" says the HM Treasury itself Is a nature reserve about to be built on? Probably not. It's not all about nature reserves though is it? Is the green corridor next to the trunk road at risk from liberalised planning rules? Quite possibly.
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Post by followyoudown on Sept 24, 2022 17:45:07 GMT
Fake news from Huddy what are the chances...... the investment zones just show whole counties, the local authorities would decide where they'd go I'd kind of assume they'd look for areas with good road / rail links close to population areas to provide staff rather than tarmac over nature reserves but what do I know..... "Liberalised planning rules to release more land for housing and commercial development" says the HM Treasury itself Is a nature reserve about to be built on? Probably not. It's not all about nature reserves though is it? Is the green corridor next to the trunk road at risk from liberalised planning rules? Quite possibly. The only thing most politicians stand for is re-election ultimately they'll generally go for whats popular rather than right hence the lack of nuclear or housebuilding, these investment zones will require support of local councils and population if they dont have it the mp or council will get voted out so the location will be their choice. One of the benefits the uk system has over being in the EU dont like it vote them out.
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Post by toppercorner on Sept 24, 2022 17:46:45 GMT
Fake news from Huddy what are the chances...... the investment zones just show whole counties, the local authorities would decide where they'd go I'd kind of assume they'd look for areas with good road / rail links close to population areas to provide staff rather than tarmac over nature reserves but what do I know..... "Liberalised planning rules to release more land for housing and commercial development" says the HM Treasury itself Is a nature reserve about to be built on? Probably not. It's not all about nature reserves though is it? Is the green corridor next to the trunk road at risk from liberalised planning rules? Quite possibly. with regards to freeports, firstly, it's hard for me personally to understand just why they're needed. vast areas of land that are tax free? So what happens to businesses in the area? Why are employees who move there mooted to pay no tax? crucially, doesn't this lead to a shortfall in tax that has to be made up elsewhere? (ie, us). it is alleged that the freeports will be run by corporations independent to the local councils/govt. Why? All we've seen so far from such zones in places in south america and Caribbean is utter chaos and disorder. from what i've read (i'm sure some will argue differently) that any freeports around the world currently serve no purpose but to launder goods/money and avoid tax. Finally, (none of this is directed at you btw), would you trust the tories to not build over areas of outstanding beauty and national parks? i wouldn't. theres a good article on here > bylinetimes.com/2022/08/11/in-the-hands-of-sunak-and-truss-freeports-are-a-threat-to-democracy/
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Post by mrcoke on Sept 24, 2022 18:19:08 GMT
I am not in the least alarmed at the ECB raising interest rates, and not at all surprised at the BoE repeatedly raising rates. In fact the BoE are to be applauded for taking prompt action early, and persistently, much to the annoyance of the government I suspect. Whereas I think the ECB have been rather dilatory. I expect both organisations to continue to raise interest rates until there is a clear indication of the end of rising inflation. With the war in Ukraine and price of gas escalating I don't expect that to be any time soon. The points I was making in reply to Bayern are that we have seen sharp drops in the value of the £ during EU membership, and the BoE are not alone in raising interest rates as the ECB had raised their interest rate by a record amount. We have been through these cycles before: before joining the EEC, during membership of the EEC/EU, and now since leaving the EU. There is a war and, as normal, financial investors "flee" to the almighty US$, which has risen strongly in value against all the other major currencies. Despite this on Wednesday the US Federal Reserve raised the benchmark federal funds rate target to between 3% and 3.25%, the highest it has been in nearly 15 years. This has not been done to strengthen the US$ but to fight US inflation, just as the BoE and ECB and trying to fight inflation. If I am surprised at anything it is the action by Japan. Japan has continued serenely through the world pandemic and the war this year. This week though, although the Japanese did not raise interest rates as they have little inflation, the Bank of Japan has intervened in the FX market, buying Yen for US dollars, which is the first time the BoJ has intervened in the market since June 1998. With war raging, inflation going through the roof in many countries, banks/governments raising interest base rates or in Japan's case intervening in the market, and recession in the US with the UK following, and the economic slump in China, I expect we are in for a torrid time. Some people will continue to blame Brexit in this country if they choose to, but it clearly a worldwide issue. I take issue with your erroneous comment "already weak Inward Investment ". Please read my review of quarter 2 2022 on page 1,490, section A6 Finance, sub-section Investment, where I spell out at length what has happened with UK investment, including inward investment since leaving the EU. Here are a few snippets: " The UK continues to be Europe’s most attractive location for international investment into financial services ....................
"London has retained its title as Europe’s most attractive city for foreign direct investment
"Gross Fixed Capital Formation in the United Kingdom increased to a record £102billion in the first quarter of 2022 ................. and now at its highest level ever in UK history."
I have written much more (as usual) including the data for FDI for the G7 nations in 2021 where the UK FDI exceeds Japan, France, and Italy. My comments are all supported by independent references. Consequently I believe your assertion that the UK investment is weak is incorrect. You are simply wrong When you watch a football match you just don't simply look at one side of the pitch and count the goals scored Oh no and sadly for Stoke and UK you must also count the goals conceded. NET Foreign Direct Investment NFDI is negative for the second consecutive quarter The only Country in G20 this has happened to. Of course you have to look at these things over a longer period and it was true to say up to 2016 NFDI was quite buoyant but has dropped off considerably since then I wonder what event may have happened in 2016 to cause this to happen 🤔 tradingeconomics.com/united-kingdom/foreign-direct-investmentYesterday's debacle of a Budget will make this even worse The Markets have given their answer already. There is no confidence in UK Economy and International Economic Commentators have been universally scathing The Bond Market which UK uses to fund its Current Account Deficit is in meltdown with 10 Years Gilts at their highest since 2010 5 Year Gilts and under are at about 4% 4 times what they were six weeks ago Sterling is at its weakest since 1985 and many are predicting parity (lol with Governments uncapped Energy Bill the forecasted cost will be a fraction) and continues to fall against Euro now 14% weaker since Brexit Of course in this scenario there may be some easy pickings for Foreign Investors to pick off given Sterling weakness but there aren't too many large Companies to raid as Energy, Transportation, Car Industry and your beloved Steel Industry have already been sold off. This of course would artificially boost FDNI as it has done in the past To extend your football analogy, you have changed the rules and claimed a victory. My comments related to your claim of " weak inward investment". I gave my answer relating to investment in the UK, including inward FDI. I made statements of fact. You now want to introduce outward investment to support your statement that investment in the UK is "weak". Does this graph look weak, I would say strong recovery from the pandemic: tradingeconomics.com/united-kingdom/gross-fixed-capital-formation
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Post by yeokel on Sept 24, 2022 19:00:37 GMT
"Liberalised planning rules to release more land for housing and commercial development" says the HM Treasury itself Is a nature reserve about to be built on? Probably not. It's not all about nature reserves though is it? Is the green corridor next to the trunk road at risk from liberalised planning rules? Quite possibly. …….Finally, (none of this is directed at you btw), would you trust the tories to not build over areas of outstanding beauty and national parks? Unless they own them.
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Post by wannabee on Sept 24, 2022 19:06:15 GMT
"Liberalised planning rules to release more land for housing and commercial development" says the HM Treasury itself Is a nature reserve about to be built on? Probably not. It's not all about nature reserves though is it? Is the green corridor next to the trunk road at risk from liberalised planning rules? Quite possibly. 1.The only thing most politicians stand for is re-election ultimately they'll generally go for whats popular rather than right hence the lack of nuclear or housebuilding, these investment zones will require support of local councils and population if they dont have it the mp or council will get voted out so the location will be their choice. 2.One of the benefits the uk system has over being in the EU dont like it vote them out. I agree with your point I've marked 1 and not the one I marked 2 because we always had opportunity to boot out MPs and Free Zones and Freeports were always possible in EU so don't bother using that argument either The main problem I have with Free Zones and as usual we don't have enough detail to consider the Environmental Impact is they simply don't work. What happens is depending on the logistics some Companies take advantage of the Tax Breaks available and simply relocate from another location creating few if any new Jobs. Over time what happens the area surrounding the Free Zone becomes a no man's land devoid of activity A simple way to overcome the first part is to restrict the Tax Breaks to New Jobs created and New Plant and Equipment Purchased. Do I think this will happen, err no. The other thing that is fuzzy at the moment is who owns the land, Private or Council? I'll assume Council which may well allow some creative valuations and who gets the money the local Council or the Exchequer Anyway I doubt I'll have to worry about it too much as it will develop into another white elephant providing suitable distraction
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Post by Rednwhitenblue on Sept 24, 2022 19:07:14 GMT
…….Finally, (none of this is directed at you btw), would you trust the tories to not build over areas of outstanding beauty and national parks? Unless they own them. Good point. HS2 bends remarkably conveniently to avoid the wealthier parts of George Osborne's old constituency of Tatton. A deviation which added 6 miles at a cost of £93m per mile to the route. Complete coincidence. If they ever get round to building that part, of course...
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Post by oggyoggy on Sept 24, 2022 19:42:40 GMT
It is interesting that no brexiteers have responded to yours, my and others who have posted that yesterday’s budget was exactly what brexit was really about for those leading the leave campaign. Johnson didn’t do it because he wasn’t a true brexiteer. He just saw an opportunity for power and he grasped it but he never really believed in true deregulation. I know many on here consider themselves left wing and voted for brexit. I wonder how they feel now about everything. Presumably furious that the tories have taken politics so far right, but what I don’t get is how those left wing brexiteers didn’t see this coming with a leave vote!? Or perhaps they did and still think brexit was worth it. “ He just saw an opportunity for power and he grasped it but he never really believed in true deregulation” Are you talking about Nick Clegg or Vince Cable in the above? “ I know many on here consider themselves left wing and voted for brexit. I wonder how they feel now about everything” Being slightly presumptuous, I’m going to assume that I might be one of those referred to? Either way, the cap fits. As for my answer, I’ve said many times on this messageboard that my Brexit vote had nothing to do with economics or deregulation. I am opposed to “ever closer union” and think it will lead to a civil war in Europe. As such, I wish for my friends and family, and for my country, to be as far away from involvement in that outcome as possible. Knowing this country’s penchant for involving itself in conflicts, it is probably a forlorn hope on my part, but that’s why I voted for Brexit, and I stand by that. At the time, I had no doubt in this country’s ability to stand “on its own two feet” and, given a fair wind, I still have no doubts about that. I always thought we would travel along a bumpy road for a few years, but didn’t expect us to be laying the land mines in our way ourselves. I didn’t believe that Johnson was quite as inept, useless and corrupt as he’s now been shown to be. And I wouldn’t have believed that, once he had been discovered and turfed out, he would be replaced with something that is as extreme and right wing as what we have now. In summary, I would say that, to date, I don’t regret my vote in favour of leaving the EU, but I do regret our choice of political leaders and governments who have completely failed to grasp any of the opportunities which might have been available to us and who appear to be steering us towards a very dark future. Clegg and Cable certainly never stood for deregulating. As to the rest of your answer, I cannot understand how you ever thought brexit, driven so passionately by the right of the tory party since thatcher, was ever going to lead to anything other than a very right wing country. I completely share your thoughts in the last part of your last paragraph.
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Post by bayernoatcake on Sept 24, 2022 20:05:22 GMT
Taking back control.
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Post by andystokey on Sept 24, 2022 20:14:48 GMT
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Post by foghornsgleghorn on Sept 24, 2022 20:18:18 GMT
"Liberalised planning rules to release more land for housing and commercial development" says the HM Treasury itself Is a nature reserve about to be built on? Probably not. It's not all about nature reserves though is it? Is the green corridor next to the trunk road at risk from liberalised planning rules? Quite possibly. The only thing most politicians stand for is re-election ultimately they'll generally go for whats popular rather than right hence the lack of nuclear or housebuilding, these investment zones will require support of local councils and population if they dont have it the mp or council will get voted out so the location will be their choice. One of the benefits the uk system has over being in the EU dont like it vote them out. Of course they go for what's popular at a 'local' rather than what's right for the bigger picture. The planning laws are there to ensure correct checks and balances. One of the arguments made for Brexit was that it will be good for the UK's countryside and environment. I don't see how loosening planning controls for vast swathes of England will help deliver that.
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Post by foghornsgleghorn on Sept 24, 2022 20:29:17 GMT
What a surprise. So they are admitting that immigration policy post-Brexit is holding back growth. Edit: genuine question- is the minimum salary requirement for overseas workers being increased annually in line with salary increases?
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Post by Paul Spencer on Sept 25, 2022 1:04:52 GMT
I don’t regret my vote in favour of leaving the EU, but I do regret our choice of political leaders and governments who have completely failed to grasp any of the opportunities which might have been available to us and who appear to be steering us towards a very dark future. Even though those political leaders were the very architects of our leaving the EU? If the actual pioneers of Brexit have been unable to grasp the 'opportunities' which might have been presented by it, how on earth do you expect any other poor fucker to do anything with it? If a builder builds a house and that house then proceeds to fall down, is it somebody else's fault?
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Post by Rednwhitenblue on Sept 25, 2022 7:33:41 GMT
What a surprise. So they are admitting that immigration policy post-Brexit is holding back growth. Edit: genuine question- is the minimum salary requirement for overseas workers being increased annually in line with salary increases? You just have to laugh, don't you! The Brexit con unravels that bit further. And its adherents still cling desperately to it, swinging monkey bars style onto one of the few remaining holds as they rot away behind them... A few bankers and hedge funds will get rich on the back of Brexit deregulation. Ordinary Brits, the environment and living and working standards will suffer.
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Post by Huddysleftfoot on Sept 25, 2022 7:46:40 GMT
Huddy has already posted this on the Shambles thread, but it deserves to go here as well. Brexit was not all about bankers and the super-rich, it was about tearing up the countryside Fake news from Huddy what are the chances...... the investment zones just show whole counties, the local authorities would decide where they'd go I'd kind of assume they'd look for areas with good road / rail links close to population areas to provide staff rather than tarmac over nature reserves but what do I know..... If it is fake news (which it isn't) it's from a very concerned RSPB. You really will die on this hill defending this shower.
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Post by andystokey on Sept 25, 2022 8:07:06 GMT
Fake news from Huddy what are the chances...... the investment zones just show whole counties, the local authorities would decide where they'd go I'd kind of assume they'd look for areas with good road / rail links close to population areas to provide staff rather than tarmac over nature reserves but what do I know..... If it is fake news (which it isn't) it's from a very concerned RSPB. You really will die on this hill defending this shower. It is consistent, I think the environment is now secondary. It looks like the Government are about to abolish the Elms scheme, its not even been running a year. The Environment Land Management Scheme (Elms), devised by the former environment secretary Michael Gove, was constructed to encourage farmers to create space for rare species including wading birds and dormice, as well as absorbing carbon to help England reach its net zero target.
Instead, Department for Environment, Food and Rural Affairs (Defra) sources disclosed, they are considering paying landowners a yearly set sum for each acre of land they own, which would be similar to the much-maligned EU basic payments scheme of the common agricultural policy.
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Post by foghornsgleghorn on Sept 25, 2022 8:18:40 GMT
Fake news from Huddy what are the chances...... the investment zones just show whole counties, the local authorities would decide where they'd go I'd kind of assume they'd look for areas with good road / rail links close to population areas to provide staff rather than tarmac over nature reserves but what do I know..... If it is fake news (which it isn't) it's from a very concerned RSPB. You really will die on this hill defending this shower. It's not just the RSPB (1.1 million). Add the National Trust (6 million members) and the Wildife Trusts (over 870,000 members), but what do they know about the countryside and wildlife ? Apologies for posting a Guardian link: www.theguardian.com/environment/2022/sep/24/conservation-groups-brand-mini-budget-an-attack-on-natureOf course FYD only needs to see one countering Tweet from a Tory MP to dismiss it all as fake news.
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Post by Rednwhitenblue on Sept 25, 2022 9:17:32 GMT
If it is fake news (which it isn't) it's from a very concerned RSPB. You really will die on this hill defending this shower. It is consistent, I think the environment is now secondary. It looks like the Government are about to abolish the Elms scheme, its not even been running a year. The Environment Land Management Scheme (Elms), devised by the former environment secretary Michael Gove, was constructed to encourage farmers to create space for rare species including wading birds and dormice, as well as absorbing carbon to help England reach its net zero target.
Instead, Department for Environment, Food and Rural Affairs (Defra) sources disclosed, they are considering paying landowners a yearly set sum for each acre of land they own, which would be similar to the much-maligned EU basic payments scheme of the common agricultural policy.
The environment is always a long way down the list of policy priorities for Tory voters and probably most Brexiteers, who are often one and the same thing, both of whom are desperate for any growth to make things look a tiny bit better. My guess is climate change will be the next target for the current lot. Basically, fuck the environment, no-one inclined to vote for us gives much of a shit about that stuff when push comes to shove. Brexit was inevitably going to be about loosening standards in all areas. It had to be, if everything needs to be done more cheaply because the country is so much poorer. How else could it "work"?
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Post by andystokey on Sept 25, 2022 9:31:57 GMT
It is consistent, I think the environment is now secondary. It looks like the Government are about to abolish the Elms scheme, its not even been running a year. The Environment Land Management Scheme (Elms), devised by the former environment secretary Michael Gove, was constructed to encourage farmers to create space for rare species including wading birds and dormice, as well as absorbing carbon to help England reach its net zero target.
Instead, Department for Environment, Food and Rural Affairs (Defra) sources disclosed, they are considering paying landowners a yearly set sum for each acre of land they own, which would be similar to the much-maligned EU basic payments scheme of the common agricultural policy.
The environment is always a long way down the list of policy priorities for Tory voters and probably most Brexiteers, who are often one and the same thing, both of whom are desperate for any growth to make things look a tiny bit better. My guess is climate change will be the next target for the current lot. Basically, fuck the environment, no-one inclined to vote for us gives much of a shit about that stuff when push comes to shove. Brexit was inevitably going to be about loosening standards in all areas. It had to be, if everything needs to be done more cheaply because the country is so much poorer. How else could it "work"? It does give the opposition parties a policy area to own, uncontested. I think the Tories are out of touch, it's old school thinking. The younger electorate have this close to the top of their priorities, perhaps higher than health. The Labour conference this week will be about green energy growth and equitable taxation. Those are the only two agenda items they need to worry about just now.
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Post by Rednwhitenblue on Sept 25, 2022 9:41:33 GMT
The environment is always a long way down the list of policy priorities for Tory voters and probably most Brexiteers, who are often one and the same thing, both of whom are desperate for any growth to make things look a tiny bit better. My guess is climate change will be the next target for the current lot. Basically, fuck the environment, no-one inclined to vote for us gives much of a shit about that stuff when push comes to shove. Brexit was inevitably going to be about loosening standards in all areas. It had to be, if everything needs to be done more cheaply because the country is so much poorer. How else could it "work"? It does give the opposition parties a policy area to own, uncontested. I think the Tories are out of touch, it's old school thinking. The younger electorate have this close to the top of their priorities, perhaps higher than health. The Labour conference this week will be about green energy growth and equitable taxation. Those are the only two agenda items they need to worry about just now. I agree about the young wanting much more focus on the environment and climate change, after all it's their future. But they don't vote Tory generally, apart from a few besuited weirdos, and it's the middle-aged and elderly that the Tories need to target. Perhaps there should be an upper age voting limit as well as the lower one! That way you wouldn't have had the disaster that is Brexit and we might successfully move towards a cleaner, more sustainable, more equitable future... I jest obviously. But it'd certainly stop oldtimers fucking up a future they're not going to be around to see. Although, that said, they don't appear to have learnt much from 30 of the last 43 years!
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Post by foghornsgleghorn on Sept 25, 2022 9:41:45 GMT
It is consistent, I think the environment is now secondary. It looks like the Government are about to abolish the Elms scheme, its not even been running a year. The Environment Land Management Scheme (Elms), devised by the former environment secretary Michael Gove, was constructed to encourage farmers to create space for rare species including wading birds and dormice, as well as absorbing carbon to help England reach its net zero target.
Instead, Department for Environment, Food and Rural Affairs (Defra) sources disclosed, they are considering paying landowners a yearly set sum for each acre of land they own, which would be similar to the much-maligned EU basic payments scheme of the common agricultural policy.
The environment is always a long way down the list of policy priorities for Tory voters and probably most Brexiteers, who are often one and the same thing, both of whom are desperate for any growth to make things look a tiny bit better. My guess is climate change will be the next target for the current lot. Basically, fuck the environment, no-one inclined to vote for us gives much of a shit about that stuff when push comes to shove. Brexit was inevitably going to be about loosening standards in all areas. It had to be, if everything needs to be done more cheaply because the country is so much poorer. How else could it "work"? Agree with most of that but I suspect a decent proportion of members of those bodies mentioned in the Guardian vote Tory.
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Post by andystokey on Sept 25, 2022 10:03:28 GMT
It does give the opposition parties a policy area to own, uncontested. I think the Tories are out of touch, it's old school thinking. The younger electorate have this close to the top of their priorities, perhaps higher than health. The Labour conference this week will be about green energy growth and equitable taxation. Those are the only two agenda items they need to worry about just now. I agree about the young wanting much more focus on the environment and climate change, after all it's their future. But they don't vote Tory generally, apart from a few besuited weirdos, and it's the middle-aged and elderly that the Tories need to target. Perhaps there should be an upper age voting limit as well as the lower one! That way you wouldn't have had the disaster that is Brexit and we might successfully move towards a cleaner, more sustainable, more equitable future... I jest obviously. But it'd certainly stop oldtimers fucking up a future they're not going to be around to see. Although, that said, they don't appear to have learnt much from 30 of the last 43 years! I know you only jest but it does raise a serious point when any group can saddle the country with debts that they will never pay, can destroy a planet they won't be alive to see and stifle a housing market that the young can't even hope to get on.
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Post by wannabee on Sept 25, 2022 13:37:39 GMT
You are simply wrong When you watch a football match you just don't simply look at one side of the pitch and count the goals scored Oh no and sadly for Stoke and UK you must also count the goals conceded. NET Foreign Direct Investment NFDI is negative for the second consecutive quarter The only Country in G20 this has happened to. Of course you have to look at these things over a longer period and it was true to say up to 2016 NFDI was quite buoyant but has dropped off considerably since then I wonder what event may have happened in 2016 to cause this to happen 🤔 tradingeconomics.com/united-kingdom/foreign-direct-investmentYesterday's debacle of a Budget will make this even worse The Markets have given their answer already. There is no confidence in UK Economy and International Economic Commentators have been universally scathing The Bond Market which UK uses to fund its Current Account Deficit is in meltdown with 10 Years Gilts at their highest since 2010 5 Year Gilts and under are at about 4% 4 times what they were six weeks ago Sterling is at its weakest since 1985 and many are predicting parity (lol with Governments uncapped Energy Bill the forecasted cost will be a fraction) and continues to fall against Euro now 14% weaker since Brexit Of course in this scenario there may be some easy pickings for Foreign Investors to pick off given Sterling weakness but there aren't too many large Companies to raid as Energy, Transportation, Car Industry and your beloved Steel Industry have already been sold off. This of course would artificially boost FDNI as it has done in the past To extend your football analogy, you have changed the rules and claimed a victory. My comments related to your claim of " weak inward investment". I gave my answer relating to investment in the UK, including inward FDI. I made statements of fact. You now want to introduce outward investment to support your statement that investment in the UK is "weak". Does this graph look weak, I would say strong recovery from the pandemic: tradingeconomics.com/united-kingdom/gross-fixed-capital-formationYou have multiple times on this thread used Foreign Direct Investment as a measure to support the Brexit decision. If you only consider one side of the coin you deliberately distort the true picture you are not alone in this as most Tory Politicians do it also. Its like boasting about your Income without without considering your expenses. If you think the graph is positive you are easily pleased but my major point If that since Brexit it has become considerably worse. I would suggest there are two major reasons for this The uncertainty Brexit has created Industry doesn't deal with uncertainty and secondly a terrible Tory Government who brought us Brexit as an Idealogical concept and doesn't know what to do with it and is flip flopping all the time.
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Post by oggyoggy on Sept 26, 2022 6:50:11 GMT
£1 bought you $1.51 on the eve of the 2015 election. It now buys you about $1.05. What unique event to the UK happened between 2015 and now? Pandemic - no. War in Ukraine - no. Brexit….
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Post by andystokey on Sept 26, 2022 7:18:43 GMT
£1 bought you $1.51 on the eve of the 2015 election. It now buys you about $1.05. What unique event to the UK happened between 2015 and now? Pandemic - no. War in Ukraine - no. Brexit…. Crispin Odey likes this.
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Post by gawa on Sept 26, 2022 8:37:28 GMT
Pound keeps slipping. Bloody labour... Can't be trusted with the economy.
None of this is related to brexit though lads. Just a massive coincidence.
Plus at least we've taken back control of our laws and can now fill our beaches with literal shit. Silver linings and all that.
Now Where's that plonker whose gonna write a 10000 word essay with resources form page 38919 on Google to try and tell us all how this is everything but brexit fault and without brexit the pound would actually be worth $0.02 now
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Post by foghornsgleghorn on Sept 26, 2022 11:33:35 GMT
£1 bought you $1.51 on the eve of the 2015 election. It now buys you about $1.05. What unique event to the UK happened between 2015 and now? Pandemic - no. War in Ukraine - no. Brexit…. In fairness since 2015 we've had the worst governments in history which is unique to the UK, but then again we have Brexit to blame for the Tories winning in 2019, so yes, this avalanche of incompetence is Brexits fault.
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