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Post by partickpotter on May 19, 2022 14:10:36 GMT
Know more than you… quite possibly. But don’t lower me down to that miserable institution’s level thank you very much. Somebody didn't get into LSE... Damn right. Went to Manchester Poly. A far superior institution. Better place for decent pubs too. Shame Blair fucked it up. But there you are.
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Post by Huddysleftfoot on May 19, 2022 14:19:14 GMT
2:45 to 3:30, nails it. But, I think those people just don't care. its all gone quiet over there. While I have no time for Starmer he has said he will resign if he is found to have broken the law. Meanwhile, your hero Boris....
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Post by Huddysleftfoot on May 19, 2022 14:20:28 GMT
Somebody didn't get into LSE... Damn right. Went to Manchester Poly. A far superior institution. Better place for decent pubs too. Shame Blair fucked it up. But there you are. Bloody hell...so did I.....
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Post by cobhamstokey on May 19, 2022 14:31:33 GMT
l is it me or does anyone else find OBrien thoroughly depressing. I’m not saying he’s not right re Johnson but he seems to have a downer on literally everything. Not the sort of chap you’d want to go on a night out with.
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Post by mrcoke on May 19, 2022 14:34:04 GMT
I agree with most of that and agree that Brexit has caused wages to increase fueling inflation. The low paid have benefitted from Brexit and the basic minimum wage in April rose by much more than 4.2%. The vast majority of the inflation is due to energy prices rising since last summer. The raising of the cap on domestic energy costs in October and April has led to a huge increase in domestic energy costs, despite the fact that wholesale gas price has declined recently. The main reason other countries inflation is lower is because of their governments greater action, but in most cases their inflation is only just less than the UK in April and was higher in previous months until the UK's 2% increase in April when the UK leap flogged countries like Germany. The Netherlands inflation is falling but still higher than the UK and they haven't left the EU! The £ has not slumped. The dollar has increased massively against 6 main currencies including the Euro, so yes food purchased in dollars is more expensive, but how much food is that. The Euro has gone down against the dollar. The dollar has risen because there is a war which always happens, dealers go to the safest currency. Most food price increase is energy costs for farmers, transport of food from the EU, and little to do with Brexit, we haven't introduced controls yet (apart from NI) as anti Brexiteers keep reminding us. In conclusion inflation is due largely to energy costs for industry for nearly a year, oil prices for nearly a year since the world started recovering from the pandemic, energy prices for domestic users since October, with another big hike in April, the rise in the $ due to the war, wage increases particularly for the low paid such a HGV drivers, for which you can blame Brexit. Only France in Europe has had significantly lower inflation than the UK and much of Europe, which is primarily due the Macron capping energy costs last year particularly for industry - I could be cynical and say there was an election to be won! - but France is far better placed to weather the energy storm with 70% of power generated by nuclear power by the largely government owned power industry. Brexit has cost most people very little unless they live in NI , or are selling cheese or shellfish to the EU. I believe the government is letting prices rip now knowing next year it will make inflation look much lower when the price rises in the last 12 months drop out of the calculation and we are a year closer to the next election. But that's me being cynical again. According to the IMF, CPI inflation in the G7 is predicted to average the following across 2022-23: UK 6.3%, US 5.3, Germ 4.2, Can 4, It 3.9, Fra 3, Jap 0.9 The pound has lost 10% of its value against the dollar in the last 120 days, the euro 7%. It's pretty obvious that 'additional factors' (probably Brexit) have played a substantial part in putting Britain in a more disadvantageous position than it would otherwise have been. It'd be unwise to deny that, the important bit is does the government have a plan to mitigate the effects or is it simply that's what we voted for, tough? Once again forecasts of doom and gloom by those opposed to Brexit. Here is what the IMF predicted on GDP April 2021, as usual they underestimated how the UK would perform: www.reuters.com/article/uk-imf-worldbank-britain-idUKKBN2BT1JEI don't engage in predictions apart from the one that all predictions are invariably wrong. It seems that those opposed to Brexit want the UK economy to falter. Remember all the predictions of unemployment, recession, house price collapse if we voted to leave the EU in 2016. We have now had 6 years of predictions of doom and gloom by those opposed to Brexit and all we get is false attributions of problems due to Brexit, the latest being inflation. Time will tell what inflation rates of the G7 will be for 2022-23, but we will not know the truth till April next year. Plenty of time to keep knocking our country. A difference in value of 3% between the £ and Euro over 4 months is hardly significant particularly on food prices which are more affected by seasonal fluctuations. Personally I am quite happy to see UK exports cheaper to the EU. The UK imports about 2/3rds of our food, and about half that from the EU, so maybe a third of UK food is affected by a 3% devaluation over 120 days. I would venture to suggest the impacts on fuel price, energy costs, food from Ukraine and Russia, the ban on tomatoes from Morocco etc. have had a far greater impact. Our farmers are screaming about their fuel, power, animal feed, labour costs etc. but some people still want to blame Brexit for everything. The other major impact on inflation is the minimal action by our government compared with other governments, although they have very sensibly not introduced import controls from the EU. Nevertheless inflation is higher in the Netherlands where a large proportion of our EU food imports comes from. Do you imagine the Netherlands would be selling us that food cheaper if we had remained in the EU? To get back to the topic of this thread. The UK generally performs better than all the experts predictions. That is because of the talent and hard work of our population and the resources we are blessed with. As someone who spent over 40 years in business, and for over half the time at a senior level, I believe the UK continues to succeed as the 5th largest economy in the world and 9th largest manufacturer in the world, despite successive UK governments, not because of them. We not only succeed economically but also as a major force for peace, and charitable work worldwide because of the talent and dedication of the people, and in the last couple of decades had to fund the EU with a large net financial contribution and huge trade deficit. That is coming to an end. The EU will have to manage without us and spend a lot more on their defence. They have launched a huge 7 year budget of trillions of Euros, which thankfully we will not have to support. All we need is a good government, but like the USA that is something that seems to elude us.
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Post by partickpotter on May 19, 2022 14:38:33 GMT
Damn right. Went to Manchester Poly. A far superior institution. Better place for decent pubs too. Shame Blair fucked it up. But there you are. Bloody hell...so did I..... They’d let anyone in there. Including me!
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Post by partickpotter on May 19, 2022 14:39:49 GMT
l is it me or does anyone else find OBrien thoroughly depressing. I’m not saying he’s not right re Johnson but he seems to have a downer on literally everything. Not the sort of chap you’d want to go on a night out with. He’s just a shock jock. Not to be taken seriously.
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Post by thewonderstuff on May 19, 2022 14:45:07 GMT
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Post by Huddysleftfoot on May 19, 2022 15:01:27 GMT
Bloody hell...so did I..... They’d let anyone in there. Including me! And again...me too!!
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Post by partickpotter on May 19, 2022 15:02:52 GMT
They’d let anyone in there. Including me! And again...me too!! When were you there?
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Post by Huddysleftfoot on May 19, 2022 15:03:28 GMT
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Post by Huddysleftfoot on May 19, 2022 15:52:39 GMT
Oops....
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Post by wannabee on May 19, 2022 15:57:06 GMT
Who do we believe? The prime minister’s newspaper, or LSE? A specialist in economics or the prime minister’s propaganda machine. Ha ha ha Hilarious Julian Jessop who currently earns his crust as the Mouthpiece for BrexitCentral and previously headed up the rabid right wing Think Tank IEA as head of their Brexit Unit Not biased at all bwahahaha Even Mr Coke quotes the LSE Report as a reliable source
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Post by cobhamstokey on May 19, 2022 16:09:45 GMT
i think it humanises her.
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Post by thewonderstuff on May 19, 2022 16:29:07 GMT
i think it humanises her. It also paints her as being dangerously underqualified for her brief, blazingly incompetent and there just as a useful idiot for far more dangerous people in their culture war. As does this www.bbc.co.uk/news/uk-politics-61508170As does this As does pretty much anything she does and says in public.
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Post by Huddysleftfoot on May 19, 2022 16:30:02 GMT
i think it humanises her. Seriously?
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Post by cobhamstokey on May 19, 2022 16:51:44 GMT
i think it humanises her. Seriously? it was meant as a joke
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Post by elystokie on May 19, 2022 16:53:33 GMT
i think it humanises her. It also paints her as being dangerously underqualified for her brief, blazingly incompetent and there just as a useful idiot for far more dangerous people in their culture war. As does this www.bbc.co.uk/news/uk-politics-61508170As does this As does pretty much anything she does and says in public. She's as thick as mince, how in the name of sweet baby Jesus she was made frigging Culture Secretary will baffle folk for years.
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Post by partickpotter on May 19, 2022 16:57:20 GMT
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Post by wannabee on May 19, 2022 17:47:46 GMT
It also paints her as being dangerously underqualified for her brief, blazingly incompetent and there just as a useful idiot for far more dangerous people in their culture war. As does this www.bbc.co.uk/news/uk-politics-61508170As does this As does pretty much anything she does and says in public. She's as thick as mince, how in the name of sweet baby Jesus she was made frigging Culture Secretary will baffle folk for years. Surely it's a pisstake by Boris shes about as far removed from Culture as you could get. On the other hand as Digital Minister she can and is doing serious damage
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Post by PotteringThrough on May 19, 2022 17:48:30 GMT
i think it humanises her. It also paints her as being dangerously underqualified for her brief, blazingly incompetent and there just as a useful idiot for far more dangerous people in their culture war. As does this www.bbc.co.uk/news/uk-politics-61508170As does this As does pretty much anything she does and says in public. I can only imagine the response of a couple on this board if it was Diane Abbot getting those numbers wrong…
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Post by toppercorner on May 19, 2022 18:09:17 GMT
It also paints her as being dangerously underqualified for her brief, blazingly incompetent and there just as a useful idiot for far more dangerous people in their culture war. As does this www.bbc.co.uk/news/uk-politics-61508170As does this As does pretty much anything she does and says in public. She's as thick as mince, how in the name of sweet baby Jesus she was made frigging Culture Secretary will baffle folk for years. not really, allegedly shagging ..... someone in parliament
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Post by toppercorner on May 19, 2022 18:11:12 GMT
how nadine can get her numbers so wrong all the time is embarrassing.
she's anti-culture
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Post by Gob Bluth on May 19, 2022 18:18:08 GMT
i think it humanises her. She’s brain dead and that’s why she is where she is.
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Post by foghornsgleghorn on May 19, 2022 18:24:39 GMT
i think it humanises her. She’s brain dead and that’s why she is where she is. Let's face it if she's so crap at numbers it's probably better that she's no longer a nurse. I wouldn't trust her to measure 5 mls of Buttercup Syrup.
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Post by wannabee on May 19, 2022 19:54:31 GMT
It’s an interesting article. It raises a very good (and substantial) question of the lack of resilience in the UK economy. I completely agree with that as an issue and generally agree with much of what is said. Imo, the root cause of this goes back decades and the problems we have had as a manufacturing nation which leaves us with largely a service economy a consequence of which is a lack of resilience. Absolutely. Plus if London sneezes the whole of Britain catches a cold, the weight of the economy needs a total reset. Not in a patronising "levelling up" way but by using practical methods such as moving departments across the country to areas in need of development, proper affordable rail links from city to city, high end broadband etc etc. I agree with the beginning and end of your post The middle not so much Previous attempts at relocations in this country and elsewhere have ended costing more money than actual savings. The main reasons are a lot of employees (not al) simply don't want to move resulting in protracted negotiations with unions about relocation compensation and disturbance payment. Not all functions move, generally the decision making one's and liason group spring up to interact between central and remote location The Service Industry accounts for about 80% of GDP Manufacturing 20% Agriculture 0.6% Therefore a 1% in Service is equivalent a 4% increase in Manufacturing The Service industry includes Retail, IT, Hospitality, Civil Service, Medical, etc etc but is dominated in terms of GDP by Financial Services specifically from the City Due to Covid most service sectors have been devastated As people now have less discretionary spending power I can't see a quick rebound The City has performed reasonably well despite the B Word and Only 7000 Jobs have relocated to EU but 44% of Firms have moved at least some operations but £1.3 Trillion of Assets have moved to EU. in the absence of Services being included in EU Trade Agreement and not likely to be anytime soon we could expect a continuous trickle of Jobs and Assets out of City to EU. The City is innovative and resilient and I'd expect them to forge new markets but this takes time It worries me that Rishi indicated his intention to relax Financial Regulations, this is what got us into the Shit in 2008 Overall I can't see a significant growth in this sector in the near future A lot of people overlook that Inflation is Cumulative For instance Inflation in 2021 was 5.6% expected to be about 10% this year and about 5% next year. That means something which cost £100 at the end of 2020 will cost £120 by end of next year I don't forsee the average worker or Benefits recipients receiving increases to match that meaning real income or purchasing power has reduced Some of the levers available to Government are to cut costs Obviously after many years austerity this isn't an option It can also invest in large-scale Infrastructure projects thus giving Indigenous companies the ability to increase Productivity and therefore Exports and Profits Many people are urging BofE to systematically increase interest rates to suppress inflation I disagree not only would it directly affect Mortgage Holders it would reduce Industry's appetite for Investment The area I most strongly agree with you is I believe Government should massively borrow while interest rates are relatively low and embark on a 5-10 year infrastructure programme This would include Energy including Nuclear, Housing including refit, Transportation including electric/battery operated Buses/Trams in all major Cities and Towns, Broadband certainly If this could be done via Private/Government Joint Venture so much the better A big impediment to these types of projects is often poor Planning (of the project) and Planning Permissions caused mostly by Nimbyism If the Government can pass laws to break International Treaties then surely they could do similar for Planning Permission New Technologies particularly in Green Energy is a massive potential growth area for whoever cracks the right "Formulae" I'm not convinced that reducing what we are doing now and doing things a bit better is going to be sufficient to meet the targets we need to get to. Individual Countries are selfish and it'll be a case of "After you Claude " We have seen during Pandemic how Technology dug us out of the Shit. Invest in University Technology Hubs linked to appropriate industries to dream and invent these prototype technologies While I'm on a rant give proper respect and promote Vocational Education we will need these Plumbers, Electricians, Bricklayers, Roofers, Etc etc Encourage and give real choice to Students to enter these Professions by establishing real apprenticeships Academic and Practical like in Germany rather than doing some obscure BA in Medieval Studies
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Post by essexstokey on May 19, 2022 20:57:04 GMT
Somebody didn't get into LSE... Damn right. Went to Manchester Poly. A far superior institution. Better place for decent pubs too. Shame Blair fucked it up. But there you are. well i went the next uni across the university of Manchester and was taught by rafo and hall
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Post by partickpotter on May 19, 2022 20:59:01 GMT
Damn right. Went to Manchester Poly. A far superior institution. Better place for decent pubs too. Shame Blair fucked it up. But there you are. well i went the next uni across the university of Manchester and was taught by rafo and hall Well, that explains everything. You missed out on the higher seat of learning. Manchester Poly was way better than the Uni. And that is a fact.
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Post by essexstokey on May 20, 2022 2:19:08 GMT
well i went the next uni across the university of Manchester and was taught by rafo and hall Well, that explains everything. You missed out on the higher seat of learning. Manchester Poly was way better than the Uni. And that is a fact. One of the oldest unites home of the first computer vs Manchester polly no contest😁😁 Hope you to know who raffo and hall are hint textbook 😁😁 Ps Also taught by Sarah riches better known for the law textbook Keenan and diches 😁
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Post by toppercorner on May 20, 2022 6:11:30 GMT
Nancy Pelosi has said there's going to be no free trade between the UK and USA if we unilaterally tear up the Northern Ireland Protocol.
That puts us in a particularly sticky situation .... and could isolate us further.
Good job we have a crack team by at hand (sarcasm).
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