Happy Face 29 Posted July 5, 2016 Share Posted July 5, 2016 So much for more iraqis dying from our invasion than allied forces died at the Somme, there was a story about a new restaurant opening in my news feed yesterday. :s Link to comment Share on other sites More sharing options...
Dr Gloom 22151 Posted July 5, 2016 Share Posted July 5, 2016 So much for post Brexit Armageddon, all the news cycles are full of Chris Evans. On the money as always From the Brexit leader in today's FT: Ten days on from Britains vote to leave the EU, there is little to inspire confidence in the near-term prospects for the UK economy. Sterling remains close to 30-year lows. Negative yields on gilts reflect investors expectations of a downturn. Deals and hiring are expected to slow and construction activity is contracting; rival financial centres are already seeking ways to steal a march on the City. Link to comment Share on other sites More sharing options...
Dr Gloom 22151 Posted July 5, 2016 Share Posted July 5, 2016 Osborne's solution, to argue Britain should be turned into a low tax jurisdiction for companies has been scorned in the same FT editorial. The immediate task is to find ways to stabilise the economy and counter the shock to demand. The Bank of England is on the front line, with governor Mark Carney already hinting that monetary easing is on the cards. Mr Osborne can reinforce this with fiscal policy. He has already sensibly conceded that there is nothing to be gained from an emergency dose of austerity and has scrapped his misconceived target of achieving a budget surplus by 2020. The commitment to regional investments is also welcome, as is the hint at a further funding for lending scheme to lessen the constraints on growth. Mr Osborne could consider other tools to stimulate demand, such as cuts to national insurance to encourage hiring, or to value added tax to encourage consumer spending. A public programme of housebuilding, at a time when construction activity is slowing abruptly, would do more to boost the economy in the short term than complex infrastructure projects that take years of planning. Yet none of these measures can address the overriding concern about Britains long-term place in the global economy. A pitch for Chinese investment which has already proved ill-targeted in projects such as the overpriced Hinkley Point nuclear plant cannot compensate for loss of access to the huge market on Britains doorstep. Questions such as corporation tax may come into play later on, if Brexit negotiations leave Britain unable to serve as a base for trade into the EU. But at this stage, that is a situation that any UK chancellor should be fighting to avoid. All still sounds like business as usual doesn't it, CT Link to comment Share on other sites More sharing options...
Christmas Tree 4827 Posted July 5, 2016 Author Share Posted July 5, 2016 Osborne's solution, to argue Britain should be turned into a low tax jurisdiction for companies has been scorned in the same FT editorial. All still sounds like business as usual doesn't it, CT Of course it's not business as usual!!!!! Chris Evans has left top gear. Link to comment Share on other sites More sharing options...
NJS 4411 Posted July 5, 2016 Share Posted July 5, 2016 Did anyone see Carney's press conference the other day? He asked the assembled journalist who included those from the Ft and the economist, reps of institutions and of course those from the Telegraph, mail, sun etc whether any of them would like to argue whether the warnings he'd given about the shit hitting the fan were in any way incorrect. Total silence was the response. Link to comment Share on other sites More sharing options...
Dr Gloom 22151 Posted July 5, 2016 Share Posted July 5, 2016 CT would have piped up if he'd been there Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted July 5, 2016 Share Posted July 5, 2016 CT would have piped up if he'd been there Link to comment Share on other sites More sharing options...
Rayvin 5297 Posted July 5, 2016 Share Posted July 5, 2016 Sounds like the FT is countenancing anti-austerity policies there. Link to comment Share on other sites More sharing options...
Park Life 71 Posted July 5, 2016 Share Posted July 5, 2016 Just read this morning that the bloke who ran the catastrophic Lib Dem election campaign in 2015 was the lead strategist for Remain. Link to comment Share on other sites More sharing options...
Renton 22002 Posted July 5, 2016 Share Posted July 5, 2016 I was listening to a programme on the radio the other day which stated food prices are likely to increase 50%. CT should be very worried. Link to comment Share on other sites More sharing options...
Park Life 71 Posted July 5, 2016 Share Posted July 5, 2016 Sounds like the FT is countenancing anti-austerity policies there. Yeah cause the taxpayer pays for growth and recessions. Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted July 5, 2016 Share Posted July 5, 2016 Sounds like the FT is countenancing anti-austerity policies there. I think they always have, the FT is a centrist paper and is staffed by economists who have a firm grasp of the pro's and con's of market monetarism vs fiscal policy and the relevance of the very low interest rates to this debate. Quantitative easing, the de facto policy of the world's central banks, is not a proven policy tool that was deployed based on sound theory and analysis. It is the only policy option open to central bankers who are solely charged (in the UK) with managing aggregate demand. The FT knows this is a political choice, not a conclusion based on sound economics. Link to comment Share on other sites More sharing options...
Rayvin 5297 Posted July 5, 2016 Share Posted July 5, 2016 I was listening to a programme on the radio the other day which stated food prices are likely to increase 50%. CT should be very worried. 50% is high... Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted July 5, 2016 Share Posted July 5, 2016 In 10 years time, we will be living in the Britain depicted in Alfonso Cuaron's Children of Men. Link to comment Share on other sites More sharing options...
Christmas Tree 4827 Posted July 5, 2016 Author Share Posted July 5, 2016 I was listening to a programme on the radio the other day which stated food prices are likely to increase 50%. CT should be very worried. Absolute bollocks Link to comment Share on other sites More sharing options...
Renton 22002 Posted July 5, 2016 Share Posted July 5, 2016 Absolute bollocks Don't shoot the messenger tubs. Have you seen the price of food in Norway, Iceland, and Switzerland? Link to comment Share on other sites More sharing options...
Andrew 4857 Posted July 5, 2016 Share Posted July 5, 2016 Everythings FINE! https://www.theguardian.com/business/live/2016/jul/05/mark-carney-to-outline-bank-of-englands-brexit-stability-moves-business-live Link to comment Share on other sites More sharing options...
The Fish 10966 Posted July 5, 2016 Share Posted July 5, 2016 Everythings FINE! https://www.theguardian.com/business/live/2016/jul/05/mark-carney-to-outline-bank-of-englands-brexit-stability-moves-business-live Link to comment Share on other sites More sharing options...
Rayvin 5297 Posted July 5, 2016 Share Posted July 5, 2016 Brexiters initially concluded Mark Carney was taking a strong and determined stance, and that he was an example of how we should all be in the face of this - now he's 'one of the elites' and trying to scaremonger. People in this country really hate intelligence. Link to comment Share on other sites More sharing options...
Meenzer 15721 Posted July 5, 2016 Share Posted July 5, 2016 People in this country really hate intelligence. This, more than anything, is what I'm taking away from the whole sorry affair. I'm starting to feel like I'm done with big movements and the greater good and understanding opposing views - right now I'd settle for being decent to friends and family, making things a bit nicer in my immediate neighbourhood and otherwise sitting in a comfy corner with a big pile of books for the rest of my days. Link to comment Share on other sites More sharing options...
Alex 35587 Posted July 5, 2016 Share Posted July 5, 2016 This, more than anything, is what I'm taking away from the whole sorry affair. I'm starting to feel like I'm done with big movements and the greater good and understanding opposing views - right now I'd settle for being decent to friends and family, making things a bit nicer in my immediate neighbourhood and otherwise sitting in a comfy corner with a big pile of books for the rest of my days. I sort of feel that way too and I noted Gemmill making a remark along the lines of when turkeys keep voting for Christmas there comes a time when you just have to say "enjoy your Christmas". The real sadness to that is that when people like yourselves start to feel that way I think it's a massive victory for the right, neo-liberalism, Thatcherism (or whatever else you want to call it). Perhaps their ultimate victory in England. As an aside, what a cowardly chancer Farage is if he means it and he's walking away from politics. Link to comment Share on other sites More sharing options...
NJS 4411 Posted July 5, 2016 Share Posted July 5, 2016 (edited) This, more than anything, is what I'm taking away from the whole sorry affair. I'm starting to feel like I'm done with big movements and the greater good and understanding opposing views - right now I'd settle for being decent to friends and family, making things a bit nicer in my immediate neighbourhood and otherwise sitting in a comfy corner with a big pile of books for the rest of my days. My dad's advice to me was to look after yourself , your family and your friends in your day to day life then when it comes to the election you should vote to look after everyone else. If there is nobody to do the latter and you start to feel that everyone else doesn't matter then the world has gone to shit. Edited July 5, 2016 by NJS Link to comment Share on other sites More sharing options...
Renton 22002 Posted July 5, 2016 Share Posted July 5, 2016 The two engineers of Brexit, after the greatest victory of their political lives, decide they want no further part in molding our country's future. They've just shat on the sofa and left it there. Farage is staying as an MEP though to further rub the shit in as much as he can. The fact that the brexiters are acting like this should be a massive concern for all of us. We have literally no plan going forward, what possible good can come of that? Link to comment Share on other sites More sharing options...
Christmas Tree 4827 Posted July 5, 2016 Author Share Posted July 5, 2016 Don't shoot the messenger tubs. Have you seen the price of food in Norway, Iceland, and Switzerland? No, I only shop at Aldi Link to comment Share on other sites More sharing options...
Rayvin 5297 Posted July 5, 2016 Share Posted July 5, 2016 I sort of feel that way too and I noted Gemmill making a remark along the lines of when turkeys keep voting for Christmas there comes a time when you just have to say "enjoy your Christmas". The real sadness to that is that when people like yourselves start to feel that way I think it's a massive victory for the right, neo-liberalism, Thatcherism (or whatever else you want to call it). Perhaps their ultimate victory in England. As an aside, what a cowardly chancer Farage is if he means it and he's walking away from politics. I really feel this way. I'm ultimately not in the group that will be most affected by this nonsense, and have generally tried to vote for the greater good at each available opportunity (as NJS suggests we should do). Which is why I voted Corbyn, knowing full well that his priority should he ever get elected would be people other than myself. But it's clear that this is a pointless exercise. The EU vote has brought me to the brink of not giving a fuck about who governs the country any more beyond thinking that I should just vote in my immediate self interest. That's what everyone else is clearly doing. To be honest, I feel like a bit of an idiot for thinking that there were enough people in this country who believed in fairness and the common good. Link to comment Share on other sites More sharing options...
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