The Conservative Party

[bluethrunthru]

Hate to break this to you but he did scrap the FSA, in 2013, because it was institutionally inept, and replaced it with the FCA and PRA.

And that worked sooooo well eh?

 

[Brewster's millions]

Surprise, surprise. Nowt to do with Truss and Kwarteng then?

Well, in terms of the direct impact on the APF and to answer the question, the gilt purchases the Bank of England made in response to the problems caused by Truss and Kwarteng have already been reversed/unwound.

But, as I’ve said many times, Truss and Kwarteng were a pair of clowns and shouldn’t have been anywhere near the cabinet, let alone in the two top jobs.

 

[Brewster's millions]

And that worked sooooo well eh?

In terms of reducing the obvious risks within the banking sector, it does actually seem to have done a fair job.

 

[Vic]

Well, in terms of the direct impact on the APF and to answer the question, the gilt purchases the Bank of England made in response to the problems caused by Truss and Kwarteng have already been reversed/unwound.

But, as I’ve said many times, Truss and Kwarteng were a pair of clowns and shouldn’t have been anywhere near the cabinet, let alone in the two top jobs.

Reversed, unwound? So those higher mortgage rates aren't still going higher? How has the billions that mini budget cost been clawed back?

 

[bluethrunthru]

Reversed, unwound? So those higher mortgage rates aren't still going higher? How has the billions that mini budget cost been clawed back?

You are wasting your time with Brewster. Id they demanded he handed all his assets over to him or he swallowed the dump they took in his mouth I sense it would be all normal to him - the next GE he see's as a runaway Tory majority

 

[Brewster's millions]

Reversed, unwound? So those higher mortgage rates aren't still going higher? How has the billions that mini budget cost been clawed back?

You asked a question in terms of the APF and I’ve answered it.

 

[Brewster's millions]

You are wasting your time with Brewster. Id they demanded he handed all his assets over to him or he swallowed the dump they took in his mouth I sense it would be all normal to him - the next GE he see's as a runaway Tory majority

There’s no real point in having a discussion with you is there?

Your stock response to somebody challenging a view or offering a different opinion - even when it’s factually correct - is to revert to petty insults and name-calling. All a bit juvenile to be frank, and it adds nothing to the debate. But I suppose that’s actually your MO; to shut any discussion down and just post a load of nonsense from twitter.

Anyway, I’ve already wasted enough time on this.

 

[NPBlue]

I've long been a supporter of PR but its main drawback is that it doesn't prevent extremes, it gives them a voice and the chance of being in a coalition government. And look at which group the Tories joined in the European Parliament.

The last coalition in the UK had a middle of the road party enabling an ideological-driven party in an attack on the poor while enriching the rich, eventually leading to a quasi-fascist government wanting to remove human rights. Now with PR they might not have had power. Might...

PR would have stopped Brexit.

I take your point, but that coalition was the end result of the FPTP electoral system.

PR would have changed the whole landscape with regard to the number of MP's representing each party, and a different coalition would probably have emerged.

Ultimately, of course, if the country vote for various factions of right wing parties in their droves, we are going to end up with a right wing government. The same could be said for extreme left wing parties as well, but neither of those scenarios are realistic.

In reality, most voters don't support right wing parties. Another point worth considering, one you'll understand as a supporter of PR, is many more people would vote under PR because they would feel their vote would count, and enough research has taken place into voter apathy over the years that show Labour supporters would be more inclined to vote under that system.

With PR in place, it's far more likely moderate parties would increase their representation in Parliament, and extreme right wing parties, which we now have with this conservative Government, would lose theirs.

It depends on which side of the political fence you sit if you think right wing or left wing governments are good or dreadful, but compromises would have to be reached for a Government to be formed. I don't think a party representing extremes on both sides of the political spectrum would have enough MP's to be included in forming a government. They would be the absolute minority in a parliament full of MP's representing the middle ground.

 

[Vic]

You asked a question in terms of the APF and I’ve answered it.

I didn't. You just inferred that. You answered a question I didn't ask. Typical Tory.

 

[bluethrunthru]

There’s no real point in having a discussion with you is there?

Your stock response to somebody challenging a view or offering a different opinion - even when it’s factually correct - is to revert to petty insults and name-calling. All a bit juvenile to be frank, and it adds nothing to the debate. But I suppose that’s actually your MO; to shut any discussion down and just post a load of nonsense from twitter.

Anyway, I’ve already wasted enough time on this.

Its OK I am happy to not debate with someone who cannot accept this Tory Govt has got progressively shittier over 13 years and done more and more damage to the very fabric of the UK.

If you are happy with shit Govt and a fractured country then well done you won

 

[bluethrunthru]

going so so well - scorched earth - bankrupt the country whilst blaming the last Labour Govt and claiming you are the party of sound finances ha ha ha ha ha Tory Bastids

 

[Tiattos_Waterbottle]

My only thoughts on this lot are eloquently put over by Idles.

 

[Vic]

I take your point, but that coalition was the end result of the FPTP electoral system.

PR would have changed the whole landscape with regard to the number of MP's representing each party, and a different coalition would probably have emerged.

Ultimately, of course, if the country vote for various factions of right wing parties in their droves, we are going to end up with a right wing government. The same could be said for extreme left wing parties as well, but neither of those scenarios are realistic.

In reality, most voters don't support right wing parties. Another point worth considering, one you'll understand as a supporter of PR, is many more people would vote under PR because they would feel their vote would count, and enough research has taken place into voter apathy over the years that show Labour supporters would be more inclined to vote under that system.

With PR in place, it's far more likely moderate parties would increase their representation in Parliament, and extreme right wing parties, which we now have with this conservative Government, would lose theirs.

It depends on which side of the political fence you sit if you think right wing or left wing governments are good or dreadful, but compromises would have to be reached for a Government to be formed. I don't think a party representing extremes on both sides of the political spectrum would have enough MP's to be included in forming a government. They would be the absolute minority in a parliament full of MP's representing the middle ground.

Farage would have been an MP.

Nick Griffin might have been.

It legitimises extreme voices.

FPTP means that a party electing a lying avuncular buffoon as leader can end up on a minority vote with a majority of 80 seats and then transform into a dog-whistling racist rump parliament, but PR doesn't come free of the risk of
empowering extremism.

 

[Brewster's millions]

going so so well - scorched earth - bankrupt the country whilst blaming the last Labour Govt and claiming you are the party of sound finances ha ha ha ha ha Tory Bastids

Quite ironic and very fitting that you’re happy to post this from Twitter, but not have an actual discussion with people about the themes at play.

This is my last post on the issue, before I leave you to your daily routine, but like Peston yesterday, Coates is only half right sadly. Although it’s obviously not helpful that the cost of new government borrowing has risen so much, without the APF this ordinarily wouldn’t be a huge issue as the higher rates would only apply to new borrowing. The vast majority of existing government borrowing would still be subject to the lower fixed rates that were set when the gilts were first issued.

The real problem currently - and the mainstream media won’t latch onto this for months - is that there are still £800bn of gilts held in the APF, and the APF is funded at a (rising) floating rate of interest - bank rate - rather than the lower fixed rates the gilts were initially issued at.

This is why the government debt costs are rising so sharply, and it will remain a major problem for the next government too. For anybody thinking that Starmer is just playing a straight bat at the moment, and not announcing big fiscal plans because he’s keeping his powder dry, I would suggest instead that Starmer understands the real problem here and knows he will probably have very little room for manoeuvre.

Anyway, I hope everyone has a good day, and if they get a chance to read up on the APF they should do so, because the numbers involved are huge and it will be a major issue for the next government as well as the current.

 

[Kirkstall Blue]

” don’t mess with me”
Sarah Owens :)

 

[MillionMilesAway]

” don’t mess with me”
Sarah Owens :)

Anyone heard of Paul Howell (the Sedgefield MP)?
New in 2019, and surely a one-termer.

 

[bluethrunthru]

any excuse for a party eh the useless fuckers

 

[Kirkstall Blue]

Anyone heard of Paul Howell (the Sedgefield MP)?
New in 2019, and surely a one-termer.

He didn’t learn the rules, how ever much provoked “manners” same for Miss Owens :) feisty lady, although I think the speaker was rather slow to respond.
Maybe we need more fire in parliament now the Scottish MP has retired.

 

[MillionMilesAway]

He didn’t learn the rules, how ever much provoked “manners” same for Miss Owens :) feisty lady, although I think the speaker was rather slow to respond.
Maybe we need more fire in parliament now the Scottish MP has retired.

You mean Tam Dalyell?

It was a curious move at the time where there are complaints about bullying behaviour in Parliament to shout at an opponent.
Must be a bit thick.

 

[Kirkstall Blue]

any excuse for a party eh the useless fuckers

I wish they would go and lay the blame at Johnson‘s door, I always thought May was professional despite her politics being conservative ”all about them”