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Post by Bentley on Oct 9, 2023 22:21:00 GMT
it was a hung Parliament with a coalition government - if you didn't know that why are you on a political forum? But I did know that - never the less Mark Carney WAS appointed by a Conservative Chancellor under a Conservative Prime Minister. But now Mark Carney is suggesting to the British public that ( in his opinion ) Rachel Reeves is a very clever person, a very good economist, and should be given the chance to run the countrys finances. Must be embarresing for the Tories You seem to be missing the point that Carnegie made many predictions that never came about so predicting that Reeves would make a great chancellor might not carry the authority that you imagine it would.
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Post by dodgydave on Oct 10, 2023 2:43:26 GMT
I was listening to her speech and found it frustrating. It was basically full of lies designed to win Labour the next election.
She is clever enough, and so is Starmer, to know the honest truth. Our public services are suffering because we as a nation do not want to pay the levels of taxation required to fund them properly. Yet to my dismay she kept claiming we are suffering from the results of high taxes, when she knows we have one of the lowest tax burdens in The West... and THAT IS THE ACTUAL PROBLEM!!
Please, please, please can we at least have one party with the balls to have an adult conversation with us. Yeah sure, Labour's lies about non-dom, Tory mismanagement of the economy being responsible for inflation / energy prices, Tory austerity was for no good reason... is going to win them the next election... but then what? Liz Truss demonstrated to the world what happens when the markets don't think your sums add up. They are basically going to win the next election then be financially shackled by their own stupidity!
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Post by steppenwolf on Oct 10, 2023 7:41:40 GMT
What Mark Carney means is that he agrees with what Ms Reeves says - but I don't think that necessarily makes her a "serious economist". Mark Carney was a very political economist whose economic judgements were heavily influenced by his political dogma - which is not a good thing. The thing is that we've already got plenty of this type of economist in the Treasury. The last thing we need is a Chancellor who agrees with the Treasury.
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Post by Deleted on Oct 10, 2023 7:42:59 GMT
I think the bottom line ( and the way most people seem to be thinking ) is that putting trust in Starmer and Reeves is worth a go, because it certainly cannot be any worse than how things are, and have been for years.
Its another case of "Things can only get better"
To me, the most poignant part of her speech was a promise to look into the absolute disgrace of BILLIONS of pounds of tax payers money thrown down the drain or given to dodgy companies, often with Tory shareholders in the PPE scandal - and it was a scandal.
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Post by sheepy on Oct 10, 2023 7:46:59 GMT
I think the bottom line ( and the way most people seem to be thinking ) is that putting trust in Starmer and Reeves is worth a go, because it certainly cannot be any worse than how things are, and have been for years. Its another case of "Things can only get better" To me, the most poignant part of her speech was a promise to look into the absolute disgrace of BILLIONS of pounds of tax payers money thrown down the drain or given to dodgy companies, often with Tory shareholders in the PPE scandal - and it was a scandal. Well of course, those bloody Tories have had at it with the spoils, where are our spoils? the EU were always good at sharing some out.
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Post by Pacifico on Oct 10, 2023 7:49:46 GMT
I would just point out to people like Sid who think its a great idea to have a Bank of England economist in a position of power, that the last BoE economist we had in power was Matt Hancock......
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Post by Deleted on Oct 10, 2023 8:19:48 GMT
The Tories are frothing at the mouth over this one.π€£
Sue Gray, Johnson's ex wife and now Carney.
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Post by steppenwolf on Oct 11, 2023 6:58:11 GMT
I think the bottom line ( and the way most people seem to be thinking ) is that putting trust in Starmer and Reeves is worth a go, because it certainly cannot be any worse than how things are, and have been for years. Its another case of "Things can only get better" To me, the most poignant part of her speech was a promise to look into the absolute disgrace of BILLIONS of pounds of tax payers money thrown down the drain or given to dodgy companies, often with Tory shareholders in the PPE scandal - and it was a scandal. Do you seriously think, Sid, that getting a different bunch of idiots in will make any difference? Hasn't it dawned on you yet that the Civil Service are the cause of most of our problems - they do the actual running of the country. Everything will just carry on in the same cack-handed fashion with Labour in charge. Govt projects will still be mismanaged on a grand scale and we'll continue to take no advantage of our new freedoms after Brexit.
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Post by om15 on Oct 11, 2023 8:00:39 GMT
I think that it could. Much, much worse. Socialism simply doesn't work. By the way, you haven't told me a single prediction of Carney's that was right.
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Post by The Squeezed Middle on Oct 11, 2023 8:24:04 GMT
...it certainly cannot be any worse than how things are... Oh, it can - as every previous Labour government has shown.
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Post by Deleted on Oct 11, 2023 8:39:43 GMT
When Tony Blair left office in 2007, prior to the International Banking Crisis and the recession which followed, the economy of this country was absolutely fine. Growth was good, inflation low, living standards rising, and all combined with much improved public services.
In 2007 the NHS was in very good shape, waiting lists had come down, waiting times were down, the numbers of NHS procedures was up, cancer treatments and out comes improved, and the same with heart desease.
ALL WITHOUT EXCESS BORROWING
Supporters of the Conservatives ( strange that there still is any ) cannot use the excuse of "borrowing", firstly because the Blair government DID NOT borrow large sums of money, but also because the government in 2020 had to borrow heavily due to the Pandemic ... precisely the same as what Gordon Brown had to do post The Financial Meltdown and Recession, and the same as John Major had to do in the early 1990s recession.
The period 1997 - 2008, was the last time where the UK economy was in a good state, and where living standards improved at the same time.
Since 2010, the UK economy has flopped or bounced along the bottom, living standards have fallen, and all public services have deteriorated.
Simple, basic, facts
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Post by om15 on Oct 11, 2023 8:55:19 GMT
Indeed, and much of the blame can be laid at the door of those who work in them. The wages of those who work in the NHS, Civil Service and so on are, when pensions are taken into consideration, better than those who pay their wages. And now they want a 35% pay rise, and Labour are prepared to pay that increase.
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Post by Deleted on Oct 11, 2023 10:47:49 GMT
Indeed, and much of the blame can be laid at the door of those who work in them. The wages of those who work in the NHS, Civil Service and so on are, when pensions are taken into consideration, better than those who pay their wages. And now they want a 35% pay rise, and Labour are prepared to pay that increase. Thinking just like a Conservative and at the very heart of Conservative thinking is the concept of "The Free Market" So, just as a customer, consumer, service user or client can choose based on such things as cost, value, quality or convenience, so can a doctor or a nurse, or any NHS worker, they can go and work somewhere else, and unfortunately they are doing. Those that feel NHS workers are on too good a thing, must realize that the reason why there is a staff shortage, which is affecting the delivery of services, is because staff (A) are leaving, and (B) qualified people dont want to work in the NHS. 13 years of effectively LOWER pay and worse terms and conditions are to blame, so how would a person with very traditional Conservative views suggest we put things right. ? I agree that asking for a 35% pay increase is unreasonable, especially in the current economic climate, but on the other hand, this is the figure which would restore pay back to where it was. Would it not help if the government kept on talking with doctors, to see if there can be a way throght, to attempt to find a compromise. ? Why cannot the government restore some of the lost real terms pay over a number of years, via both wages and other non-financial incentives.
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Post by om15 on Oct 11, 2023 10:57:45 GMT
Better to disband the NHS, and use our contributions to fund private health care, it would still be free at point of use and health care would be in the hands of those who would provide a decent care in return for making a profit.
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Post by Red Rackham on Oct 11, 2023 11:42:22 GMT
This is surely a huge blow for Rishi Sunak and the Conservatives, indeed this is unprecidented. The former Bank Of England Governer said this "Rachel Reeves is a serious economist. She began her career at the Bank of England, so she understands the big picture. But crucially, she understands the economics of work, of place and family. And, look, it is beyond time we put her energy and ideas into action" --------------------------------------------------------------------------------------- Rachel Reeves is an economist, she has degrees in Economics, she went on to work for the internationally renowned London School Of Economics before working for the Bank Of England. Mark Carney! ' Mark Carney' LOL. I seem to remember Mark Carney as govenor of the BoE predicting economic disaster if the UK voted for Brexit, indeed he predicted an almost immediate recession. Later he had to appear before a select committee to explain why his predictions of economic disaster were so wrong. Carney is famously left wing, he is currently a UN Envoy for 'climate action', and openly backs Labour. As such anything he says must be taken with a shovel full of salt.
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