General Election - December 12th, 2019

[The perfect fumble]

This is why Labour are so dangerous.

Yeah, they're always dangerous....

 

[Chippy_boy]

Yeah, they're always dangerous....

Good old Fumble. Why get embroiled into a sensible debate you will lose, when a silly jpeg will do. Not so silly actually, but never mind.

 

[The perfect fumble]

Good old Fumble. Why get embroiled into a sensible debate you will lose, when a silly jpeg will do. Not so silly actually, but never mind.

Labour is always dangerous because it wants to take your hard earned money and spend it on wastrels, ne'er-do-wells and worst of all foreigners.

That's what that Blair poster was tapping in to and it's what you bang on about ad nauseam.

 

[Ifwecouldjust.......]

Labour were committed to a fiscal credibility rule in their 2017 manifesto meaning they would balance the deficit in the next Parliament.

If they are keeping this rule then it is inevitable that general taxation (NI, fuel duty, VAT etc) are all going to go up MASSIVELY.

You just cannot pay out £200-£500bn and pay for it with modest tax increases on the rich, impossible. Even tightening taxation on the rich for example by stopping avoidance/evasion will not raise that amount of money.

Of course the other answer is they are going to borrow it (breaks their credibility rule) OR they will print the money instead.

If it's the latter and they print money then their other plans like minimum wage increases, 4 day week etc are completely and totally pointless because of inflation. You then probably have a collapsing £ and interest rate rises which will bankrupt half the country.

This is why Labour are so dangerous.

Please research what the Tories have been doing under the title of 'Quantitive Easing ' ..... they have doubled the national debt in the last ten years

https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing

 

[Chippy_boy]

Labour is always dangerous because it wants to take your hard earned money and spend it on wastrels, ne'er-do-wells and worst of all foreigners.

That's what that Blair poster was tapping in to and it's what you bang on about ad nauseam.

Apart from it being about my money, and about foreigners, then yes I agree. I haven't seen too many Labour party proposals about donating money to foreigners, so obviously you just added that bit on, to add a bit of a racist slur to suit your purposes.

Of course we all know what the REAL danger is. That the buffoon at the helm of the Labour party would plunge the country into yet another Labour-induced economic crisis.

 

[The perfect fumble]

Apart from it being about my money, and about foreigners, then yes I agree. I haven't seen too many Labour party proposals about donating money to foreigners, so obviously you just added that bit on, to add a bit of a racist slur to suit your purposes.

Of course we all know what the REAL danger is. That the buffoon at the helm of the Labour party would plunge the country into yet another Labour-induced economic crisis.

Yeah, who can forget Labour plunging the world in to the terrible financial crisis of 2007–2008, I know I won't.

 

[Chippy_boy]

Yeah, who can forget Labour plunging the world in to the terrible financial crisis of 2007–2008, I know I won't.

They were still running a deficit, Fumble, even before the crash. Brown had raided every tax pot he could think of, sold off our gold and even in the boom times, still spending at an unsustainable rate. You've obviously forgotten all of that as well.

I'm not surprised you forgot, since you are after all, the man who knows the cost of nothing but the value of everything. Labour's answer to everything, spend, spend, spend, spend, tax, borrow, tax and borrow and spend some more. Of "other people's" money.

 

[inbetween]

Please research what the Tories have been doing under the title of 'Quantitive Easing ' ..... they have doubled the national debt in the last ten years

https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing

QE is a process of recapitalising the banks and increasing the money supply so that the banks could lend to people and businesses.

It has nothing to do with the national debt and it is a decision made by the BoE and not just the government.

Tasking the BoE to print money for the government to spend is completely different.

 

[Ifwecouldjust.......]

QE is a process of recapitalising the banks and increasing the money supply so that the banks could lend to people and businesses.

It has nothing to do with the national debt and it is a decision made by the BoE and not just the government.

Tasking the BoE to print money for the government to spend is completely different.

It devalues the Domestic Currency and increases the cost of imports / reduces the cost of exports .. thus reducing imports and increasing the cost of exports ... this has given the UK population a false sense of security in the UK operating in the world markets.

 

[Mike D]

Boris Johnson sets out plan raise national insurance threshold to £12,000

The prime minister appears to have made a key tax offer at a visit to a factory on Teesside, where he promised a "low tax for working people".

Workers pay national insurance once earning above £8,600 at the moment, so it could be quite a significant boost to pay packets.

Johnson said: "If we look at what we’re doing, and what I’ve said in the last few days, we’re going to be cutting national insurance up to £12,000 [ie, lifting the threshold up to £12,000

A new boast for Johnson "And we are now taking xmillion people out of paying national insurance altogether!!

Wow that's just amazing so if you pay NI at everything that you earn over £166 (8,632) per week at 12%, raising the limit to £12k (£231 pw) gives a difference of £3,368 x 12% = £404 or £7.77 pw. This going to be life changing for these people it might even cover part of their weekly bus ticket. Thanks Boris!!

But forgetting that this is universal and everyone earning over £12k gets the benefit to but that doesn't matter its the thought that counts.

 

[inbetween]

It devalues the Domestic Currency and increases the cost of imports / reduces the cost of exports .. thus reducing imports and increasing the cost of exports ... this has given the UK population a false sense of security in the UK operating in the world markets.

2008 was not a debt crisis, it was a money supply crisis.

Many banks lost most if not all of their capital as huge amounts of borrowers in the US defaulted on their mortgages. The housing market crashed and so the borrowed money tied up in those assets vanished.

That money needs to be replaced or else banks can't lend which means businesses are starved of funding, people can't get a mortgage etc and so the economy collapses.

That is why the government bailed out the banks and the BoE had to print more money to keep lending costs down and get banks lending again.

The potential crisis we face now is a debt crisis and that would be accelerated by a period of slow growth (due to the world economy) combined with high spending which is exactly what Labour want.

It is exactly what happened in Greece who ran out of money and no-one would lend to them meaning they had to request a bailout.

 

[Chippy_boy]

2008 was not a debt crisis, it was a money supply crisis.

Many banks lost most if not all of their capital as huge amounts of borrowers in the US defaulted on their mortgages. The housing market crashed and so the borrowed money tied up in those assets vanished.

That money needs to be replaced or else banks can't lend which means businesses are starved of funding, people can't get a mortgage etc and so the economy collapses.

That is why the government bailed out the banks and the BoE had to print more money to keep lending costs down and get banks lending again.

The potential crisis we face now is a debt crisis and that would be accelerated by a period of slow growth (due to the world economy) combined with high spending which is exactly what Labour want.

It is exactly what happened in Greece who ran out of money and no-one would lend to them meaning they had to request a bailout.

Again, spot on.

People too young to remember or too daft to learn, should be reminded of this:

When Britain Went Bust - The 1976 IMF crisis
"The 1976 IMF Crisis was a financial crisis in the United Kingdom in 1976 which forced James Callaghan's Labour Party government to borrow $3.9 billion ($17.2 billion in 2018) from the International Monetary Fund (IMF), at the time the largest loan ever to have been requested from the IMF.

The IMF loan meant that the United Kingdom's economy could be stabilised whilst drastic budget cuts were implemented."

John McDonnell says, "Bring it on".

 

[The perfect fumble]

Apart from it being about my money, and about foreigners, then yes I agree. I haven't seen too many Labour party proposals about donating money to foreigners, so obviously you just added that bit on, to add a bit of a racist slur to suit your purposes.

Of course we all know what the REAL danger is. That the buffoon at the helm of the Labour party would plunge the country into yet another Labour-induced economic crisis.

Always nice to see the usual right wing tropes wheeled out so immaculately.

Well done again, Best in Class!

 

[Len Rum]

Boris Johnson sets out plan raise national insurance threshold to £12,000

The prime minister appears to have made a key tax offer at a visit to a factory on Teesside, where he promised a "low tax for working people".

Workers pay national insurance once earning above £8,600 at the moment, so it could be quite a significant boost to pay packets.

Johnson said: "If we look at what we’re doing, and what I’ve said in the last few days, we’re going to be cutting national insurance up to £12,000 [ie, lifting the threshold up to £12,000

A new boast for Johnson "And we are now taking xmillion people out of paying national insurance altogether!!

Wow that's just amazing so if you pay NI at everything that you earn over £166 (8,632) per week at 12%, raising the limit to £12k (£231 pw) gives a difference of £3,368 x 12% = £404 or £7.77 pw. This going to be life changing for these people it might even cover part of their weekly bus ticket. Thanks Boris!!

But forgetting that this is universal and everyone earning over £12k gets the benefit to but that doesn't matter its the thought that counts.

Hold on there tiger.
The threshold is to be raised initially to 9.5k (£2 a week extra) with an AMBITION to raise it to 12k.
Yeah. Right.

 

[Chippy_boy]

Always nice to see the usual right wing tropes wheeled out so immaculately.

Well done again, Best in Class!

It's amazing how easy it is to remember things when they are true. You never get caught out, because you can just go back to the same facts again and again and surprisingly enough, they never change. You should try it.

 

[Chippy_boy]

Hold on there tiger.
The threshold is to be raised initially to 9.5k (£2 a week extra) with an AMBITION to raise it to 12k.
Yeah. Right.

Like the ambition to wipe out student debt eh Len.

 

[Mike D]

Hold on there tiger.
The threshold is to be raised initially to 9.5k (£2 a week extra) with an AMBITION to raise it to 12k.
Yeah. Right.

Sorry Lem my trousers were like a plasters radio after reading that, Its a bit like the 40 hospitals when its actually 6.

 

[Chippy_boy]

Sorry Lem my trousers were like a plasters radio after reading that, Its a bit like the 40 hospitals when its actually 6.

A bit like Labour's promises to provide 40 of anything and people only having to pay for 6.

 

[bronco]

A bit like Labour's promises to provide 40 of anything and people only having to pay for 6.

Comedy gold ....must be that lie in you had today ?? Anyone covered the election fraud from the Tory party on twitter last night ? " Nobody gives according a toss " according to raab? His great uncle Paul Joseph must be proud , wherever he may be .

 

[Chippy_boy]

Comedy gold ....must be that lie in you had today ?? Anyone covered the election fraud from the Tory party on twitter last night ? " Nobody gives according a toss " according to raab? His great uncle Paul Joseph must be proud , wherever he may be .

How much extra will you have to pay under Labour then Mr Comedy Gold? What the figure you're expecting to pay personally for all the Labour freebies?

Or are you yet another Labour freeloader wanting something for nothing, at someone else's expense? Hmmmm, now let me guess....