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Post by see2 on Jun 14, 2024 7:11:50 GMT
By eliminating the till robbing CEOs and their personal bank account before business attitudes? How is it eliminating CEO's - it is complementary to existing energy companies and it will have a (very well paid) CEO of it's own. Do you understand anything about the proposal? It is their money grabbing attitude that would be eliminated, replaced by CEOs who earned their corn. It happened when Cable & Wireless was nationalised around 1948, which sorted out the useless money grabbers from those who earned their income. IIRC C&W never made a loss during its years as a nationalised industry and it did win the 'Queens Award to Industry' on the year Thatcher started to sell it off to her friends on the Stock Market. There are other ways of making energy cheaper for users if it is cheaper to produce in the first place. |
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Post by johnofgwent on Jun 14, 2024 7:16:22 GMT
Labour had thirteen years to renationalise the railways after John Major privatised them in the 1990's & to create a new state owned energy company etcetera, why did they not do so in the 90's? Your hero Blair continued with Privatisation, didn't he? What makes you think Starmer can be trusted? Some employers are already at the limit of what they can afford to pay staff. Being in business doesn't mean being billionaires. Will Labour take into account annual turnover, profits, losses? I certainly won't be taking anyone on if Labour push up wages. I REMMEMBER YOU SAYING no one can afford the minimum wage loads will go bankrupt but you was wrong then as well Actually You ought to take a long hard look at footfall and customer numbers in NMW sectors The fact is fewer customers are there because fewer can afford the prices needed to pay those wages Now part of the problem is the way the cost of living has rocketed. But labour and the SNP have sat back and done fuck all except adopt policies designed to push it up in their devolved fiefdoms |
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Post by see2 on Jun 14, 2024 7:20:31 GMT
I do love these posters who defend Labours financial regulation system (that they created) when Gordon Brown has already apologised for it failing.. Brown apologized for not being perfect, and in reality not foreseeing the actual pitfall that hit. A pitfall that no one forecast and no one thought to guard against. If Brown has a problem it is that unlike Righties he is perhaps too honest. I do dislike these Rightist posters who do their best to deny reality and the circumstances when it comes to Brown. |
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Post by sheepy on Jun 14, 2024 7:23:18 GMT
I do love these posters who defend Labours financial regulation system (that they created) when Gordon Brown has already apologised for it failing.. Brown apologized for not being perfect, and in reality not foreseeing the actual pitfall that hit. A pitfall that no one forecast and no one thought to guard against. If Brown has a problem it is that unlike Righties he is perhaps too honest. I do dislike these Rightist posters who do their best to deny reality and the circumstances when it comes to Brown. I think we should be fair about it, Brown was put up as a wizard of economics when in reality much like the rest of them, he didn't have a clue what he was doing or even a clue about what was actually going on. |
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Post by johnofgwent on Jun 14, 2024 7:26:57 GMT
Re-writing history again I see. New Labour continued with much of the policies of Thatcher and Major which did lead to good growth. The only problem was that much of this growth (retail, services, property) was built on consumer debt. AGAIN, you fail to mention how New Labour's deregulation of Britain's financial system left us FUCKED when the US subprime market collapsed. Yes Brown did act quickly once it happened, but it was his policies that left us so exposed in the first place! Come on, you lived through those times like the rest of us, stop pretending you didn't see the explosion of irresponsible lending that occurred during that time. You could get a buy-to-let mortgage with zero checks (self-certification) for fuck sake! You know nothing but your distorted and totally biased approach politics. Complete nonsense. Thatcher enjoyed the full benefit of North sea Oil and Natural Gas income (before she sold them off) Plus the income from selling off Oil and Gas etc. Yet still left two huge economic black holes where the NHS and State Education used to be, along with extra thousands of people without a job. An unhealthy economy which was improved slightly but not repaired by John Major. Brown ended her use of controlling the economy with government Boom and Bust using inflation and deflation. Which led to a more stable economy. Labour's deregulation levels where continuously called for by the Tory Party and by Industry. There was a continuous whinge about too much 'red tape'. Even so, Labour did not cause the international financial meltdown which so damaged Western economies. The Banks were overflowing with money, they determined the level of lending and mortgages available. Aided and abetted by Mortgage companies including Banking, and Banks including Mortgages, all thanks to Changes made by Thatcher. The problem hit when the Banks found out the money and income they were enjoying turned out to be worthless, i.e. the meltdown. Your silly biased and distorted thinking wants to put all the blame on Labour, and that makes you a political knob-head. Under Brown, financial services were allowed to peddle second mortgages and sub prime mortgages as a way to pay for foreign holidays FFS And don't bother denying it I was there doing the IT to let it happen The woman at the head of associate services lending (the dept that dealt with the deals the bank I then worked for did with zero interest home furnishings and the like) said openly to me and others that the country she was born in regulated the home loans business to the point the only things you could get a mortgage for were to BUY property, to pay the costs of work that needed doing to property or the costs of work that past history showed would increase the value of property. And that last one required concrete proof that property in the area had been valued, marketed and sold at a higher price not some jerk salesman saying it would. She forecast the crash years before it came. Yes they had "interest free" deals on furniture and the like just as we did, but these all covered costs by the retailer jacking up the price and the bank only giving the retailer a percentage of the sale price and retaining the rest as their commission. And those deals were based on unsecured loan rates. The idea of getting a reduced rate loan for furniture by securing it on your home was laughable. Pity no one in government publicly could |
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Post by Pacifico on Jun 14, 2024 7:32:45 GMT
How is it eliminating CEO's - it is complementary to existing energy companies and it will have a (very well paid) CEO of it's own. Do you understand anything about the proposal? It is their money grabbing attitude that would be eliminated, replaced by CEOs who earned their corn. It happened when Cable & Wireless was nationalised around 1948, which sorted out the useless money grabbers from those who earned their income. IIRC C&W never made a loss during its years as a nationalised industry and it did win the 'Queens Award to Industry' on the year Thatcher started to sell it off to her friends on the Stock Market. There are other ways of making energy cheaper for users if it is cheaper to produce in the first place. No CEO's are going to be replaced by this proposal - I'm not sure where you get this idea from. And how are you going to make energy cheaper to produce? - the plan is to do away with cheap fossil fuels and replace them with more costly renewables. |
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Post by Pacifico on Jun 14, 2024 7:34:52 GMT
I do love these posters who defend Labours financial regulation system (that they created) when Gordon Brown has already apologised for it failing.. Brown apologized for not being perfect, and in reality not foreseeing the actual pitfall that hit. A pitfall that no one forecast and no one thought to guard against. If Brown has a problem it is that unlike Righties he is perhaps too honest. I do dislike these Rightist posters who do their best to deny reality and the circumstances when it comes to Brown. Brown scrapped the existing Financial Regulation system that had worked fairly well for decades and replaced it with one of his own design - which then crashed and burned at the first crisis it came across. Damn right he needed to apologise. |
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Post by see2 on Jun 14, 2024 7:38:41 GMT
You know nothing but your distorted and totally biased approach politics. Complete nonsense. Thatcher enjoyed the full benefit of North sea Oil and Natural Gas income (before she sold them off) Plus the income from selling off Oil and Gas etc. Yet still left two huge economic black holes where the NHS and State Education used to be, along with extra thousands of people without a job. An unhealthy economy which was improved slightly but not repaired by John Major. Brown ended her use of controlling the economy with government Boom and Bust using inflation and deflation. Which led to a more stable economy. Labour's deregulation levels where continuously called for by the Tory Party and by Industry. There was a continuous whinge about too much 'red tape'. Even so, Labour did not cause the international financial meltdown which so damaged Western economies. The Banks were overflowing with money, they determined the level of lending and mortgages available. Aided and abetted by Mortgage companies including Banking, and Banks including Mortgages, all thanks to Changes made by Thatcher. The problem hit when the Banks found out the money and income they were enjoying turned out to be worthless, i.e. the meltdown. Your silly biased and distorted thinking wants to put all the blame on Labour, and that makes you a political knob-head. Under Brown, financial services were allowed to peddle second mortgages and sub prime mortgages as a way to pay for foreign holidays FFS And don't bother denying it I was there doing the IT to let it happen The woman at the head of associate services lending (the dept that dealt with the deals the bank I then worked for did with zero interest home furnishings and the like) said openly to me and others that the country she was born in regulated the home loans business to the point the only things you could get a mortgage for were to BUY property, to pay the costs of work that needed doing to property or the costs of work that past history showed would increase the value of property. And that last one required concrete proof that property in the area had been valued, marketed and sold at a higher price not some jerk salesman saying it would. She forecast the crash years before it came. Yes they had "interest free" deals on furniture and the like just as we did, but these all covered costs by the retailer jacking up the price and the bank only giving the retailer a percentage of the sale price and retaining the rest as their commission. And those deals were based on unsecured loan rates. The idea of getting a reduced rate loan for furniture by securing it on your home was laughable. Pity no one in government publicly could Banking decisions made at a time when the Banks were overflowing with cash that just kept pouring in, and which the Banks put the brakes on as soon as they began to understand that they were in financial trouble, i.e. that the cash they were dealing with didn't actually exist. Brown didn't run the Banking businesses, that was left to the people who were supposed to know what they were doing. |
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Post by see2 on Jun 14, 2024 7:47:08 GMT
It is their money grabbing attitude that would be eliminated, replaced by CEOs who earned their corn. It happened when Cable & Wireless was nationalised around 1948, which sorted out the useless money grabbers from those who earned their income. IIRC C&W never made a loss during its years as a nationalised industry and it did win the 'Queens Award to Industry' on the year Thatcher started to sell it off to her friends on the Stock Market. There are other ways of making energy cheaper for users if it is cheaper to produce in the first place. No CEO's are going to be replaced by this proposal - I'm not sure where you get this idea from. And how are you going to make energy cheaper to produce? - the plan is to do away with cheap fossil fuels and replace them with more costly renewables. New CEOs will be required for the new government led programme. Research, improvements, increased productivity along with the absence of the money grabbers will lead to cheaper energy. Some use of fossil fuels will continue. |
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Post by see2 on Jun 14, 2024 7:51:50 GMT
Brown apologized for not being perfect, and in reality not foreseeing the actual pitfall that hit. A pitfall that no one forecast and no one thought to guard against. If Brown has a problem it is that unlike Righties he is perhaps too honest. I do dislike these Rightist posters who do their best to deny reality and the circumstances when it comes to Brown. Brown scrapped the existing Financial Regulation system that had worked fairly well for decades and replaced it with one of his own design - which then crashed and burned at the first crisis it came across. Damn right he needed to apologise.Foolish and distorted untruths ^^^ from a Rightist who is just pissed at the thought that the ever failing Tories look like getting their arse tanned for their decades upon decades of failing the UK. |
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Post by johnofgwent on Jun 14, 2024 10:08:29 GMT
Under Brown, financial services were allowed to peddle second mortgages and sub prime mortgages as a way to pay for foreign holidays FFS And don't bother denying it I was there doing the IT to let it happen The woman at the head of associate services lending (the dept that dealt with the deals the bank I then worked for did with zero interest home furnishings and the like) said openly to me and others that the country she was born in regulated the home loans business to the point the only things you could get a mortgage for were to BUY property, to pay the costs of work that needed doing to property or the costs of work that past history showed would increase the value of property. And that last one required concrete proof that property in the area had been valued, marketed and sold at a higher price not some jerk salesman saying it would. She forecast the crash years before it came. Yes they had "interest free" deals on furniture and the like just as we did, but these all covered costs by the retailer jacking up the price and the bank only giving the retailer a percentage of the sale price and retaining the rest as their commission. And those deals were based on unsecured loan rates. The idea of getting a reduced rate loan for furniture by securing it on your home was laughable. Pity no one in government publicly could Banking decisions made at a time when the Banks were overflowing with cash that just kept pouring in, and which the Banks put the brakes on as soon as they began to understand that they were in financial trouble, i.e. that the cash they were dealing with didn't actually exist. Brown didn't run the Banking businesses, that was left to the people who were supposed to know what they were doing. And it was pretty obvious they didn’t I was the first in Barclays to realise things were going to tank. After they had several managers seemed not to understand why And the Regulators put in pkace since are BS. Read the last couple of chapters of Liz Truss’s book to understand how your pension was really put at rosk, and who by |
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Post by Pacifico on Jun 14, 2024 10:51:20 GMT
No CEO's are going to be replaced by this proposal - I'm not sure where you get this idea from. And how are you going to make energy cheaper to produce? - the plan is to do away with cheap fossil fuels and replace them with more costly renewables. New CEOs will be required for the new government led programme. Research, improvements, increased productivity along with the absence of the money grabbers will lead to cheaper energy. Some use of fossil fuels will continue. Oh look..  |
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Post by Pacifico on Jun 14, 2024 10:53:18 GMT
Brown scrapped the existing Financial Regulation system that had worked fairly well for decades and replaced it with one of his own design - which then crashed and burned at the first crisis it came across. Damn right he needed to apologise.Foolish and distorted untruths ^^^ from a Rightist who is just pissed at the thought that the ever failing Tories look like getting their arse tanned for their decades upon decades of failing the UK. Labours system of Financial Regulation failed - other countries that had better systems of Financial Regulation were not as badly affected during the crisis. The responsibility lies with Labour |
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Post by see2 on Jun 14, 2024 11:57:42 GMT
New CEOs will be required for the new government led programme. Research, improvements, increased productivity along with the absence of the money grabbers will lead to cheaper energy. Some use of fossil fuels will continue. Oh look.. That's what you do when you have no answers ^^^ LOL |
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Post by see2 on Jun 14, 2024 12:06:05 GMT
Foolish and distorted untruths ^^^ from a Rightist who is just pissed at the thought that the ever failing Tories look like getting their arse tanned for their decades upon decades of failing the UK. Labours system of Financial Regulation failed - other countries that had better systems of Financial Regulation were not as badly affected during the crisis. The responsibility lies with Labour The UK was hit hardest, as acknowledged by the IMF. The reason being that because Thatcher had destroyed probably thousands of Industries on her way to adding 2million to the numbers out of work, leaving the UK over reliant on Financial Services and it was an international financial meltdown. Does your mum still look after you? |
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