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Post by Vinny on Nov 15, 2024 10:26:11 GMT
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Post by Baron von Lotsov on Nov 15, 2024 11:49:06 GMT
They sound like a bunch of spastics. That report is utterly stupid and the remarks from so-called economists are like the comments at a dinner table in casual conversation. There is nothing analytical.
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Post by thomas on Nov 15, 2024 12:24:43 GMT
They sound like a bunch of spastics. That report is utterly stupid and the remarks from so-called economists are like the comments at a dinner table in casual conversation. There is nothing analytical. I did laugh t the first comment on aunties article.... Under the Tories the economy grew an impressive 0.7% in the first three months of 2024, beating every country in the G7, and lifting total growth to 1.2% for the six months to June 30. The Labour government arrived on 5th July and they started talking the economy down, telling all and sundry that the UK was in a mess and things would get worse before they'd get better.
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Post by Baron von Lotsov on Nov 15, 2024 13:24:06 GMT
They sound like a bunch of spastics. That report is utterly stupid and the remarks from so-called economists are like the comments at a dinner table in casual conversation. There is nothing analytical. I did laugh t the first comment on aunties article.... Under the Tories the economy grew an impressive 0.7% in the first three months of 2024, beating every country in the G7, and lifting total growth to 1.2% for the six months to June 30. The Labour government arrived on 5th July and they started talking the economy down, telling all and sundry that the UK was in a mess and things would get worse before they'd get better.It's bollox though. The 0.7% is next to a minus 0.3 and a minus 0.1. You often get this in financial plots. If you get an unusual negative drop, then it is likely to be offset by a rise immediately after. The usual reasons is to do with people defer investment or spending for one reason or another. It matters little. What matters is the overall trend, which to me is flatlining. You won't see the effects of Labour's policy for another year, where you can get a trend estimate. The economy has a large inertia. The cow has no idea what she is doing and thinks all the job involves is shouting down to those below her to make it grow more, which is what she is doing.
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Post by thomas on Nov 15, 2024 13:31:50 GMT
I did laugh t the first comment on aunties article.... Under the Tories the economy grew an impressive 0.7% in the first three months of 2024, beating every country in the G7, and lifting total growth to 1.2% for the six months to June 30. The Labour government arrived on 5th July and they started talking the economy down, telling all and sundry that the UK was in a mess and things would get worse before they'd get better.It's bollox though. The 0.7% is next to a minus 0.3 and a minus 0.1. You often get this in financial plots. If you get an unusual negative drop, then it is likely to be offset by a rise immediately after. The usual reasons is to do with people defer investment or spending for one reason or another. It matters little. What matters is the overall trend, which to me is flatlining. You won't see the effects of Labour's policy for another year, where you can get a trend estimate. The economy has a large inertia. The cow has no idea what she is doing and thinks all the job involves is shouting down to those below her to make it grow more, which is what she is doing. thats the thing though , I repeatedly keep saying to be fair about these muppets , labour are only four months in , but every poll , in every prediction , things are looking to get worse under them. They have no clue whatsoever , and im not suggesting the dizzy tories are any better , only that it appears to be more of the same medicine we have had , if not worse. nit picking over tiny fractions of a percentage , while broadly there is barely a fag papers width in policy between the two cheeks of the same arse party. I said this morning , when I read about the financial regulations being relaxed back to pre financial crash by Reeves , expect nothing more than a rehash of blair and brown policies.
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Post by Baron von Lotsov on Nov 15, 2024 16:03:04 GMT
It's bollox though. The 0.7% is next to a minus 0.3 and a minus 0.1. You often get this in financial plots. If you get an unusual negative drop, then it is likely to be offset by a rise immediately after. The usual reasons is to do with people defer investment or spending for one reason or another. It matters little. What matters is the overall trend, which to me is flatlining. You won't see the effects of Labour's policy for another year, where you can get a trend estimate. The economy has a large inertia. The cow has no idea what she is doing and thinks all the job involves is shouting down to those below her to make it grow more, which is what she is doing. thats the thing though , I repeatedly keep saying to be fair about these muppets , labour are only four months in , but every poll , in every prediction , things are looking to get worse under them. They have no clue whatsoever , and im not suggesting the dizzy tories are any better , only that it appears to be more of the same medicine we have had , if not worse. nit picking over tiny fractions of a percentage , while broadly there is barely a fag papers width in policy between the two cheeks of the same arse party. I said this morning , when I read about the financial regulations being relaxed back to pre financial crash by Reeves , expect nothing more than a rehash of blair and brown policies. They all think in the same stupid way because they have all been educated by the same stupid people. If you really want to boost production efficiency then you must work out the fastest, cheapest, and easiest way to do something, or to put it another way you apply the minimalist philosophy. In this country we make everything as complicated as we can. I mean a typical example is the range of contracts one can have with the same fucking company for the same product. Look up the contracts for your average energy or telecoms supplier. It is just mental. I think it requires one to study the business methodology of successful countries. We teach error to our students. We are teaching them to be complete fuckwits.
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Post by Red Rackham on Nov 16, 2024 12:46:25 GMT
Yes indeed... ...The UK economy expanded by only 0.1% in the three months to September compared to the previous quarter, offset by declines in manufacturing. linkLabour governments are usually remembered for: high unemployment, high borrowing, economic decline. And after three months I think we can safely say, this government are not going to disappoint.
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Post by Hutchyns on Nov 16, 2024 14:25:13 GMT
Red Rackham
I think it's an extremely safe bet to conclude our economic fortunes will be heading in a decidedly downward direction. I was recently reminded of the old saying 'Socialists never understand economics .... if they did they wouldn't be Socialists !'. And of course more recently the Question Time panellist who asserted that thus far no nation had ever succeeded in an attempt to tax itself into prosperity, and that Britain's current attempt to buck that trend would result in the usual dismal failure.
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Post by Red Rackham on Nov 16, 2024 15:11:11 GMT
Red Rackham I think it's an extremely safe bet to conclude our economic fortunes will be heading in a decidedly downward direction. I was recently reminded of the old saying 'Socialists never understand economics .... if they did they wouldn't be Socialists !'. And of course more recently the Question Time panellist who asserted that thus far no nation had ever succeeded in an attempt to tax itself into prosperity, and that Britain's current attempt to buck that trend would result in the usual dismal failure. I agree, yet incredibly a minority of people in this once great country have just voted into power a left wing socialist government. Some people never learn, or perhaps it might be more accurate to say, the majority of those who voted Labour are young, idealistic and very inexperienced. Which is of course why Labour want ballot boxes in Schools.
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Post by thomas on Nov 16, 2024 16:14:51 GMT
Red Rackham I think it's an extremely safe bet to conclude our economic fortunes will be heading in a decidedly downward direction. I was recently reminded of the old saying 'Socialists never understand economics .... if they did they wouldn't be Socialists !'. And of course more recently the Question Time panellist who asserted that thus far no nation had ever succeeded in an attempt to tax itself into prosperity, and that Britain's current attempt to buck that trend would result in the usual dismal failure. I agree, yet incredibly a minority of people in this once great country have just voted into power a left wing socialist government. Some people never learn, or perhaps it might be more accurate to say, the majority of those who voted Labour are young, idealistic and very inexperienced. Which is of course why Labour want ballot boxes in Schools. Be fair Red. I wouldn't say a minority voted labour into power , more that they fell into power via the dodgy system because a large minority of people sat at home and let them instead of casting their vote. Labour only win when we stay at home , as both blair and starmer have shown.
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Post by Red Rackham on Nov 16, 2024 16:26:38 GMT
I agree, yet incredibly a minority of people in this once great country have just voted into power a left wing socialist government. Some people never learn, or perhaps it might be more accurate to say, the majority of those who voted Labour are young, idealistic and very inexperienced. Which is of course why Labour want ballot boxes in Schools. Be fair Red. I wouldn't say a minority voted labour into power , more that they fell into power via the dodgy system because a large minority of people sat at home and let them instead of casting their vote. Labour only win when we stay at home , as both blair and starmer have shown. Well OK, as a proportion of the people who were eligible to vote, a minority voted Labour.
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Post by thomas on Nov 16, 2024 16:30:46 GMT
Be fair Red. I wouldn't say a minority voted labour into power , more that they fell into power via the dodgy system because a large minority of people sat at home and let them instead of casting their vote. Labour only win when we stay at home , as both blair and starmer have shown. Well OK, as a proportion of the people who were eligible to vote, a minority voted Labour. 20% of the electorate as we know , a third of one of the lowest turnouts in history , and they got awards anti democratically two thirds of the seats. Ive been searching in my spare time to see anywhere in the western developed world where this sort of anti democratic result happens , and I cant see it anywhere else .
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Post by Red Rackham on Nov 16, 2024 16:40:01 GMT
Well OK, as a proportion of the people who were eligible to vote, a minority voted Labour. 20% of the electorate as we know , a third of one of the lowest turnouts in history , and they got awards anti democratically two thirds of the seats. Ive been searching in my spare time to see anywhere in the western developed world where this sort of anti democratic result happens , and I cant see it anywhere else . I know FPTP is far from perfect, and I know we've done this to death, but I still prefer it to PR.
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Post by thomas on Nov 16, 2024 16:42:48 GMT
20% of the electorate as we know , a third of one of the lowest turnouts in history , and they got awards anti democratically two thirds of the seats. Ive been searching in my spare time to see anywhere in the western developed world where this sort of anti democratic result happens , and I cant see it anywhere else . I know FPTP is far from perfect, and I know we've done this to death, but I still prefer it to PR. I have to disagree. What you are seeing now though( which in part explains labours loveless landslide) is pr style voting for Westminster , ie multi party voting , while the system is geared up for the stale two auld parties. So it will throw up more and more of these crazy results as things continue to break down. I would bet you anything you like if reform uk game the system in england like the snp did in scotland , and we see a reform uk government at Westminster , labour and tory will be running to change the uk voting system. Mark my words.
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Post by Red Rackham on Nov 16, 2024 17:03:47 GMT
I know FPTP is far from perfect, and I know we've done this to death, but I still prefer it to PR. I have to disagree. What you are seeing now though( which in part explains labours loveless landslide) is pr style voting for Westminster , ie multi party voting , while the system is geared up for the stale two auld parties. So it will throw up more and more of these crazy results as things continue to break down. I would bet you anything you like if reform uk game the system in england like the snp did in scotland , and we see a reform uk government at Westminster , labour and tory will be running to change the uk voting system. Mark my words. I doubt Reform will win the next election, that would be unprecedented. Reform may however be in a position to be kingmakers/coalition with the Tories perhaps, and that wouldn't be such a bad thing.
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