General election autumn 2022?
- Thread starter Notch7
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Deleted member 18243
Caused entirely by the government policy of inflating the money supply. Both the Conservative and the Labour Party did this; both parties act against the interests of the country, both parties need to go.
The pound fell to its lowest level against the dollar since 1985 as the markets reacted to the results.
The slide halted when the Bank of England said it stood ready with £250bn of extra funding to ensure market stability. But the pound remains 8% down against the dollar, and 6% lower against the euro.
Flanked by his wife Samantha, Mr Cameron announced shortly after 08:15 BST that he had informed the Queen of his decision to remain in place for the short term and to then hand over to a new prime minister by the time of the Conservative conference in October.
Project fear.
The slide halted when the Bank of England said it stood ready with £250bn of extra funding to ensure market stability. But the pound remains 8% down against the dollar, and 6% lower against the euro.
Flanked by his wife Samantha, Mr Cameron announced shortly after 08:15 BST that he had informed the Queen of his decision to remain in place for the short term and to then hand over to a new prime minister by the time of the Conservative conference in October.
Project fear.Free market right wing libertarian ideology is what acts against the interests of this country
You believe in having no state intervention and free markets
unfortunately you don’t understand that means the richest people get to rip off the poor - ie you and me
Not entirely and when all major countries do it the effect is different. While they say that problems are down to the world waking up post oovid that excuse is well worn out now. It's supply and demand. However we do have a currency that has been weakened at times which is what printing money does. Globalisation figures in it all as well. All countries want real productive work. Some get more than others usually on the basis of cost but those costs will increase over time. They always do as living standards improve in the countries where things are made. I suspect that will take a long time in China due to their population size. India may do better than it currently does - eventually.
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Deleted member 18243
Calling it funding is a lie; the new money does not come from a fund, it is simply made up. It didn't exist before. Extra money in circulation drives prices up - but the new money is not distributed evenly, the first people to recieve it benefit greatly because they can buy goods at existing prices. The rest of us suffer later.
I doubt that you are poor and I certainly am not; but we are being robbed, and so are our succeeding generations. Money inflation is effectively borrowing from the future. How many future decades' money have we already spent? Borrowing is the main characteristic of a left-wing administration, and this is why the current so-called Conservative party is not actually conservative. It doesnt have to be this way; only desperate, badly run countries need to borrow. The right way is for a country to produce its own goods, stop giving things away to and paying for the problems of other countries, and do without things until they can be afforded.
I know. BBC's words not mine. Another way of looking at it is that the money supply is increased. A term used for currency is fiat - all are. They aren't backed by anything really other than trading figures. Actually a positive trade balance used to be the holy grail. It isn't any more for a number of countries including us and the USA. GDP is used instead which in simple terms is how much the economy spends.
The fashionable debt to GDP ratio varies over time. It has a habit of increasing when problems crop up. Debt is used to stabilise the economy. Also the money supply. Inflation means that has to increase all of the time really as we always have some.
You go on to talk about left right politics. Irrelevant really. Eg Currently a nuclear power station is being built - how do you think the cost of that is covered? It's being built by a state owned company. Do you really think they will be using their own cash? I assume it will be "owned" by the UK wing of that company or that company will take out a leasing option on it. In both cases it's funded by debt. The only way they could pay for it themselves is to collect the money in total up front from customers. Hinckley will cost around £23b. Several £b have been spent in this country - useful. By building more of the same others should work out cheaper. Boris recently said he wants 10 of them. It seems other PM's have wanted more. Toshiba were going to build but dropped out.
Corbyn would say gov borrow the ,money. Customers would still have to fund the debt. Over all it's a valid argument as it should reduce costs to us. The main problem with nationalised industry really is government interference. If for instance costs increase for some reason increasing charges is not good for votes as is making unwanted people redundant. Employing too many brings unemployment down. Other factors are mentioned but those are the main ones. Like any business they also need to make a profit or things finish up like the NHS - general taxation is used to cover the cost. That is an attractive way for a gov to run a utility even if there is a specific charge for the service - top up from general taxation. Hiding cost increases via general taxation isn't a good idea. The NHS is interesting in that respect. Look at how it's funded yourself.Corbyn
blimey if he had been PM how would he have dealt with this Ukranian caper
yes exactly
Just the same as Boris - what his advisors in various areas told him to do. He like some others would also spend time talking to both sides in the hope of reaching a solutions.
Could you imagine - all that wasted Russian cash trying to keep the Tories in power. Blimey.Corbyn
blimey if he had been PM how would he have dealt with this Ukranian caper
yes exactly
we are poor compared to the wealthy mates of Tories who feather their own pockets
Im not sure reality backs that up.....
Denmark, left wing: debt to GDP 40%
New Zealand, left wing: debt to GDP 57%
America definitely right wing debt to GDP 133%
nonsense corbyn would have done nowt and certainly would never have supplied weapons
he would probably have beat macron to Moscow to brown nose Putin
