General Election June 8th

[SWP's back]

itd help him see

Good point

 

[Blue Mooner]

One us the subtraction of earnings against spending. You made the point they reduced the deficit by 75% as if that was a good thing. It would only be good if that reduction was achieved through growth in GNP. It hasn't it was achieved mainly due to cuts. The Opportunity Cost; you live economics so know what that means) of these cuts is that growth is impeded through no multiplier effect.

We can have a surplus of but if that is not achieved through growth then it's a race to the bottom.

You made a bug deal if the reduction, but while that us achieved at the expense of growth through too little stimulus to the economy means we need to look at the debt to see the real story of our economic position.

Deficit reduction achieved through cuts too deep, may reduce your deficit over a period but your borrowing shows wether that strategy is working to stimulate growth.

We have added £900b to the debt the deficit is a snap shot of what we have left after we pay our bills. Bills can reduce through not spending. Deficit easy to reduce by cutting services. Debt the real indicator and if you think reducing the deficit by 75% is good in the context of an increase of £900b debt, then I would advise getting a new economics book,

Your talking so much gobbledegook you're confusing yourself. I fail to understand how you can have a deficit and yet somehow reduce a debt. A deficit is a deficit. If GDP goes up that will have a cosequential positive impact on the ability to reduce that deficit (assuming you decide to pay that down rather than spend it elsewhere)

The tories have reduced that deficit by 3/4's but it is still a deficit - therefore the debt will continue to rise.

How you seem to think borrowing more will help to reduce the deficit is frankly crass. If you need to stimulate the economy to encourage growth to help reduce the deficit you don't do that by taxing businesses more (affecting inward investment) and the wealth creators (the rich that socialists hate/envy so much) Increasing the minimum wage is likely to further discourage inward investment (growth) by encouraging businesses to invest where it is cheaper to fund employees.

What you are suggesting is the economics of the madhouse and indicates that you think Government is the economy when in actual fact the Government is nothing without the businesses and private individuals that create jobs, attract inward investment and sell goods and services abroad that brings revenue into the country - punish them and you are punishing yourself, it's like self flagellation and simply idiotic to believe otherwise.

 

[Prestwich_Blue]

It had fucking well better be, Colin, because unless we either remain in the single market (or some compromise version that includes an ability to provide financial services to the other 27 members) or Art 50 is simply revoked, we have got less than 21 months in which to work out how to replace the huge loss of national income that will flow from the end of passporting. If that happens and we revert to WTO rules the effect on the debt, the defecit and the economy generally will make this discussion a bit like the one about where the deck chairs should be placed on the upper deck of the Titanic.

And my fear is that the Tories will pander to the UKIP tendency in their party & the electorate instead of being pragmatic.

 

[jay_mcfc]

If Farage was still leader of UKIP would Labour be in a much better position?

 

[BLUEMATT23]

voted conservative and hopeful of a comfortable victory.
Stunned that the vote above suggests more Labour support.

 

[SWP's back]

If Farage was still leader of UKIP would Labour be in a much better position?

They weren't last time around. UKIP took more Labour votes than Tory.

 

[Chris in London]

Don't worry mate, Theresa's got it all under control.
I hope you're not suggesting she's weak,inept,and lacking any of the necessary personal characteristics to negotiate a deal or that she's so in hock to the right wing in her party, the right wing media and now former UKIP voters that compromise is impossible for her, or that a stronger and more united Europe will make life difficult for the UK in negotiations.
I sincerely hope you're don't hold the above views because that would be to ignore the new business that we will be forging with "old friends and new allies" (alright in twenty years time but you have to patient and not grumble).
Stay strong ( and stable), like Cameron said in 2015 ( what went wrong there?).

Actually, I was suggesting that we are all pissing in the wind if the City's access to Europe isn't sorted out post Brexit. I tend to agree with Prestwich Blue that we will in the end have that access - it's too important not to have it - and we will end up paying through the nose for it, because Brexit has put the country into an unsustainable and untenable position. And for the hefty financial contribution that will be exacted from us we will end up with access to the single market but zero influence in how the laws that affect it are made. YCNMIU.

 

[CityStu]

The deficit is the rate of change of the debt. The debt can't decline without the deficit being a surplus (excepting the sales of assets).

Think of it as a car - the debt is your speed and the deficit is how much you're accelerating. When Labour left the car was going quickly and they had their foot planted. The Tories took over the car and eased off the accelerator but haven't begun braking. The car's still going faster than it was initially, but not as quickly as if we'd kept accelerating at the rate we were.

 

[NeilYoungIsBack]

I've been following the chatter on the UK Voting Intentions website.

A number of people are reporting on a higher than normal turnout of young people at polling stations.

If true this could be closer than the final opinion polls have predicted.

Having said that, my home-office window overlooks our village polling station and I see nothing but oldies arriving to cast their vote...

 

[Chris in London]

And my fear is that the Tories will pander to the UKIP tendency in their party & the electorate instead of being pragmatic.

Well given that retaining access to Europe's markets was always incompatible with closing our frontiers, there was always going to come a time when the nation, or at least whoever we vote in today, was going to have to choose between the national economic interest and not setting their faces against the Mail and the Sun.

We will know in 21 months.