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Patchy recoveries in the UK are normally tied to house prices and QE. They normally last 2/3 years before downward compression starts (money supply/private debt/ wage stagnation).

 

There is a voodoo like fear here with reg to soft state intervention (as practiced in Germany). Like that football handbook on how German football was transformed we need to nick the other one on how Engineering and Chemical Ind will save the world....

The other slight of hand is that greater and greater amounts of white goods (Siemens, Bosch) are made in Turkey and finished in Germany to get the EU badge and a lot of the motor industry has been moved out to Poland, Slovakia and Hungary.

 

I note that Audi's largest engine plant is in Hungary.

Eu expansion has always been about access to cheap labour markets.

 

One of the fav German tricks is loading up a new EU country with grants and infrastructure from EU funds (our money) and then parachuting in German industry to take advantage of it. :lol:

 

Basically our political class are just too thick.

 

JLR has been one of our success stories...But....

 

http://www.telegraph.co.uk/finance/newsbysector/industry/11176184/Jaguar-Land-Rover-opens-milestone-China-plant.html

 

In the 80's Capitalism in the West was making some of its biggest profits and instead of re-investing that locally they moved manufacturing out to utilize lower wages in the Far East and so on...Been downhill since then.

Edited by Park Life
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Some female Tory cunt has just stood up at PMQs and said that "the commitment of midwives is only matched by the commitment of the Conservative government to the NHS."

 

Seriously, kill yourself.

Edited by Gemmill
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Osborne is pragmatic, you have to give him that. He knows which way the wind is blowing. Got lucky with the OBR announcement on the public finances freeing up some cash. Plenty of stealth tax rises helping him out as well. Hilarious that he's going to have to explain to parliament why he's exceeded his own welfare cap :lol: but at least he listens

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The Lords can only delay the passing of acts of Parliament, CT.

Not true.

 

The tax credit bill was secondary legislation which the Lords can stop. The lib dems tried to do this a few weeks ago but the Lords went for the delay instead.

 

It was quite possible that had Osborne tried to get it through as is again, they would have simply killed it off then.

 

If you need anymore help with politics just message me. ;)

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Not true.

 

The tax credit bill was secondary legislation which the Lords can stop. The lib dems tried to do this a few weeks ago but the Lords went for the delay instead.

 

It was quite possible that had Osborne tried to get it through as is again, they would have simply killed it off then.

 

If you need anymore help with politics just message me. ;)

Yeah but they could go down the route of introducing a new bill.

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Trying to get a dig in about their new best friends but failed completely.

 

yeah, he was trying to take the piss out of osborne's charm offensive with the chinese. but it was ill advised. it's given them another thing to bring up again and again and again. it's like that letter from ed balls saying there was no money left. i can't believe he's still using that one.

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