Politics

[Guest alex]

It will be to the people who lose their jobs and the people who lose their jobs as a result and I think it probably will be to the region as a whole. Anyway, round in circles stuff now.

[Renton 21223]

It's not like the two sectors are completely separate, CT. Not least in places like the N.E. You've got some brass neck accusing people of not getting the basics whilst making massive, facile generalisations like that.

 

 

The point I was making Alex was I though a simple one.

 

The private sector got hammered in real time as the crash happened

 

The public sector was protected to a large degree by Labour

 

Cant see what problem you have with those generilastions which most analysts agree with?

It isn't that simple. Surely you can see the massive reliance on public sector jobs in a region like ours in terms of driving the private sector too. Someone from the N.E. Chamber of Commerce (proper Commie type, y'knaa?) was on the radio recently saying that something like 30% of all private sector income was connected to the public sector. Might have been higher actually, but you take my point.

 

But even if those figures are true it just reaffirms my point.

 

If 30% comes from the public sector, 70% comes from the private sector so when the private sector died in the crash of 2008 the effects were / are alot worse than 5% a year cuts on 30% could possibly be to the private sector now.

You're oversimplifying it again. It's 5% cuts across the board but places like the NE will be disproportionately affected where the cuts will be higher in terms of the working population which will have a big knock-on effect on the local private sector. That's his argument, not mine btw.

 

I do understand that, just point out that when it happens, it still wont be as bad as the crash of 2008

 

You really think the worst is over for the NE? Astounding.

[Meenzer 15361]

The "crash of 2008" and the next few years aren't even comparable. They don't relate to the same groups of people at all.

[Matt 0]

The thing, I've noticed that I can get a loan at the drop of a hat, I'm constantly having stuff put through my door, phonecalls from my bank, etc. offering my loans, presumably because I'm deemed low risk. But even then the interest rates are much higher than interest rates. So I think perhaps it's a case of those who need really them can't get them and those who don't are being encouraged to take out loans but at a rate which is very high in relation to the base rate.

 

Banks fund themselves well over base-rate, base-rate is only what the BoE will lend to banks on an overnight basis when secured (typically on UK Gov Debt). You have to consider longer term funding at something like 5% for example.

[Christmas Tree 4679]

It's not like the two sectors are completely separate, CT. Not least in places like the N.E. You've got some brass neck accusing people of not getting the basics whilst making massive, facile generalisations like that.

 

 

The point I was making Alex was I though a simple one.

 

The private sector got hammered in real time as the crash happened

 

The public sector was protected to a large degree by Labour

 

Cant see what problem you have with those generilastions which most analysts agree with?

It isn't that simple. Surely you can see the massive reliance on public sector jobs in a region like ours in terms of driving the private sector too. Someone from the N.E. Chamber of Commerce (proper Commie type, y'knaa?) was on the radio recently saying that something like 30% of all private sector income was connected to the public sector. Might have been higher actually, but you take my point.

 

But even if those figures are true it just reaffirms my point.

 

If 30% comes from the public sector, 70% comes from the private sector so when the private sector died in the crash of 2008 the effects were / are alot worse than 5% a year cuts on 30% could possibly be to the private sector now.

You're oversimplifying it again. It's 5% cuts across the board but places like the NE will be disproportionately affected where the cuts will be higher in terms of the working population which will have a big knock-on effect on the local private sector. That's his argument, not mine btw.

 

I do understand that, just point out that when it happens, it still wont be as bad as the crash of 2008

 

You really think the worst is over for the NE? Astounding.

 

 

Compared to 2008, yes.

[Guest alex]

Must've hit Boldon badly because it wasn't that bad where I live.

[Christmas Tree 4679]

The "crash of 2008" and the next few years aren't even comparable. They don't relate to the same groups of people at all.

 

 

Not sure if your agreeing or disagreeing.

 

The crash of 2008 effected the majority of the private sector which is 4 or 5 times bigger than the public sector.

[Christmas Tree 4679]

Must've hit Boldon badly because it wasn't that bad where I live.

 

 

the biggest financial disaster the world has seen?????

 

Where the fuck do you live?

[Guest alex]

Must've hit Boldon badly because it wasn't that bad where I live.

 

 

the biggest financial disaster the world has seen?????

 

Where the fuck do you live?

Depends how you define that, CT. The banks were in bother but the man on the street kept his job, generally speaking. I know which concerns me more.

[Guest alex]

2008 worse than the Great Depression btw? I think you're being facetious now, CT.

[Renton 21223]

It's not like the two sectors are completely separate, CT. Not least in places like the N.E. You've got some brass neck accusing people of not getting the basics whilst making massive, facile generalisations like that.

 

 

The point I was making Alex was I though a simple one.

 

The private sector got hammered in real time as the crash happened

 

The public sector was protected to a large degree by Labour

 

Cant see what problem you have with those generilastions which most analysts agree with?

It isn't that simple. Surely you can see the massive reliance on public sector jobs in a region like ours in terms of driving the private sector too. Someone from the N.E. Chamber of Commerce (proper Commie type, y'knaa?) was on the radio recently saying that something like 30% of all private sector income was connected to the public sector. Might have been higher actually, but you take my point.

 

But even if those figures are true it just reaffirms my point.

 

If 30% comes from the public sector, 70% comes from the private sector so when the private sector died in the crash of 2008 the effects were / are alot worse than 5% a year cuts on 30% could possibly be to the private sector now.

You're oversimplifying it again. It's 5% cuts across the board but places like the NE will be disproportionately affected where the cuts will be higher in terms of the working population which will have a big knock-on effect on the local private sector. That's his argument, not mine btw.

 

I do understand that, just point out that when it happens, it still wont be as bad as the crash of 2008

 

You really think the worst is over for the NE? Astounding.

 

 

Compared to 2008, yes.

 

Genuinely amazed at this.

[Holden McGroin 6471]

CT started on the windup, now he believes himself.

[Guest alex]

Rise in unemployment announced I see.

[Kevin S. Assilleekunt 1]

Gordon Brown's new book is out: Beyond the Crash: Overcoming the First Crisis of Globalisation

 

 

Teenage girls across the country are stampeding through bookstores in a frenzied rampage upon hearing of its release.

[Billy Castell 0]

I now have this mental image of Brown doing a book signing in front of thousands of girls like he's in JLS, wearing some Kanye West style sun glasses and an updated Bay City Roller tartan attire in another misjudged attempt at being 'down with the kids.' And I won't mention the inpromptu rap in this vision.

[Mac-Toon 1]

I now have this mental image of Brown doing a book signing in front of thousands of girls like he's in JLS, wearing some Kanye West style sun glasses and an updated Bay City Roller tartan attire in another misjudged attempt at being 'down with the kids.' And I won't mention the inpromptu rap in this vision.

No mate, just a Gabrielle eye patch.

[Happy Face 29]

I see a country where the poorest children go to the best schools not the worst, where birth is never a barrier.

 

No, we will not make it if we pull in different directions, follow our own interests, take care of only ourselves.

 

But if we pull together, come together, work together — we will get through this together.

 

And when we look back we will say not that the government made it happen … not that the minister made it happen … but the businesswoman made it happen … the police officer made it happen … the father made it happen …the teacher made it happen.

 

Council spending review

 

Average cuts in the North are 6.1%.

Average cuts across the Midlands are 5.85%.

Average cuts in the South are 4.83%.

[Happy Face 29]

The councils that face the biggest cuts are still overwhelmingly the poorest in the country, including many London boroughs and northern towns. In contrast, many of the "shire" councils face negligible cuts.

 

Hackney, Tower Hamlets, Newham, Manchester, Rochdale, Knowsley, Liverpool, St Helens, Doncaster and South Tyneside (enjoying them apples CT?) are among the 36 local authorities that take the maximum cut of 8.9%.

 

Meanwhile, Dorset gets a 0.25% increase in funding and Windsor and Maidenhead, West Sussex, Wokingham, Richmond upon Thames and Buckinghamshire all get cuts of 1% or below.

 

 

http://www.guardian.co.uk/politics/2010/de...cil-budget-cuts

 

[Happy Face 29]

The councils that face the biggest cuts are still overwhelmingly the poorest in the country, including many London boroughs and northern towns. In contrast, many of the "shire" councils face negligible cuts.

 

Hackney, Tower Hamlets, Newham, Manchester, Rochdale, Knowsley, Liverpool, St Helens, Doncaster and South Tyneside (enjoying them apples CT?) are among the 36 local authorities that take the maximum cut of 8.9%.

 

Meanwhile, Dorset gets a 0.25% increase in funding and Windsor and Maidenhead, West Sussex, Wokingham, Richmond upon Thames and Buckinghamshire all get cuts of 1% or below.

 

 

http://www.guardian.co.uk/politics/2010/de...cil-budget-cuts

 

 

South Tyneside would have seen a 10.5% cut in spending power had it not been given a £3m grant to bring the cut down to 8.9%.

 

So it'll be worse next year too.

[Happy Face 29]

Some eyebrows will be raised about the settlement in Tyne and Wear though. All of the councils in the old metropolitan area face cuts to spending power of at least 7.89%, except one.

 

That exception is North Tyneside - the only one run by the Conservatives.

 

Democracy

 

[Park Life 71]

Personally I think that was on the cards until the spending reveiw was announced and is also why I think we'll see a pre christmas and new year surge now.

 

An absolutely bizarre belief imo, and based on what, exactly? You seem to think that a 5% annual cut on services for 5 consecutive years is insignificant and will breed confidence. Unlikely imo, I think we will officially be in a double dip by spring.

 

If we actually ever came out of the first one, which I seriously doubt.

[Happy Face 29]

The Business Secretary told undercover reporters from the Daily Telegraph that being in coalition government is like "fighting a war" and that he may step down from government.

 

He was candid about his opposition to Conservative-driven government policy, and suggested that David Cameron has plans to scrap the winter fuel allowance paid to pensioners.

 

Asked about his influence over coalition policy, Cable said that he had some bargaining power with the Conservatives because he could bring down the government by resigning from his cabinet position.

 

"I have a nuclear option; it's like fighting a war," Cable said.

 

"They know I have nuclear weapons, but I don't have any conventional weapons."

 

Cable said he had severe concerns with the pace and direction of coalition policy, describing the programme of reform as a "kind of Maoist revolution" which is "in danger of getting out of control".

 

"If they push me too far then I can walk out and bring the government down and they know that.

 

"So it is a question of how you use that intelligently without getting involved in a war that destroys all of us.

 

"That is quite a difficult position to be in and I am picking my fights. Some of which you may have seen."

 

"We are trying to do too many things, actually," he said. "Some of them are Lib Dem inspired, but a lot of it is Tory inspired. The problem is not that they are Tory inspired, but that they haven't thought them through. We should be putting a brake on them."

 

http://www.newstatesman.com/2010/12/cable-...nment-coalition

 

Fighting a war? Seems more like appeasement to me.

[Guest alex]

Cracks showing already.

[Christmas Tree 4679]

Shock horror that it's the labour councils who were already doing very well and now need trimming back.

[NJS 4365]

Shock horror that it's the labour councils who were already doing very well and now need trimming back.

 

You do get that theres a link between average wealth (or however you want to put it) and council expenditure don't you?

 

"Trimming back" = somone loses out - better to be people in ST or those in Windsor?