the economy.

[SWP's back]

Much of what you have said is quite wrong, there is no evidence that the poor have got poorer but rather the opposite. The average wage in this country hit it's highest on record this year at a time of the lowest unemployment rate so it is just an impossible argument to make. There is of course evidence that the rich have got richer but is that a surprise in a growing economy? The disparity between the two is growing though which is what I think you really mean.

Bar the disparity I don't really see the problem, we live in a free country where 'rich' people are the key to creating jobs and if they are richer there is a direct correlation between their growth in wealth and the poorest. Judging by the employment boom over the last few years I don't think you can say that trickle down economics is not working, I think you are trying to create an argument peddled by the likes of Corbyn which just does not support the facts. This is a man who will borrow billions at a time when inflation must be controlled against a devalued currency in the most economically dangerous time we have ever seen. Total lunacy but at least we will all end up on benefits to take our cut of it, I guess that is socialism.

The biggest threat to the poor is currently the ratio of wage growth to inflation, thankfully the latter has been stable but that is slowly changing. It is highly unlikely with a devalued pound and relatively more expensive import market that inflation will stay close to zero. That is the threat to the poor not to mention the vast majority of lower skilled jobs are in big import type companies such as supermarkets who are already being hit hard.

So on Wednesday I think we can expect him to announce as much for business as possible whilst the details of Brexit are unknown and it is vital he does so to protect the poorest who are employed by and directly rely on the strength of these companies.

You've saved me a job. Great post.

 

[Blue Maverick]

I'm now on £50 less a month than I was in 2009, my house price has plummeted by 20%, at work we have cuts galore, roads are shit, wife's job is always uncertain, I've got to work 8 years longer to get less pension while paying in more, yep Tory policies have done me the world of good.

 

[Len Rum]

Much of what you have said is quite wrong, there is no evidence that the poor have got poorer but rather the opposite. The average wage in this country hit it's highest on record this year at a time of the lowest unemployment rate so it is just an impossible argument to make. There is of course evidence that the rich have got richer but is that a surprise in a growing economy? The disparity between the two is growing though which is what I think you really mean.

Bar the disparity I don't really see the problem, we live in a free country where 'rich' people are the key to creating jobs and if they are richer there is a direct correlation between their growth in wealth and the poorest. Judging by the employment boom over the last few years I don't think you can say that trickle down economics is not working, I think you are trying to create an argument peddled by the likes of Corbyn which just does not support the facts. This is a man who will borrow billions at a time when inflation must be controlled against a devalued currency in the most economically dangerous time we have ever seen. Total lunacy but at least we will all end up on benefits to take our cut of it, I guess that is socialism.

The biggest threat to the poor is currently the ratio of wage growth to inflation, thankfully the latter has been stable but that is slowly changing. It is highly unlikely with a devalued pound and relatively more expensive import market that inflation will stay close to zero. That is the threat to the poor not to mention the vast majority of lower skilled jobs are in big import type companies such as supermarkets who are already being hit hard.

So on Wednesday I think we can expect him to announce as much for business as possible whilst the details of Brexit are unknown and it is vital he does so to protect the poorest who are employed by and directly rely on the strength of these companies.

True what you say about wealth inequality.
The poorest 10% have seen their incomes fall.
The rest of your post is a conventional economic argument as the Govt reacts to it's latest cock up - austerity now Brexit- and then simply moves the goalposts and spins the economic arguments.
Without getting too woffly what I am saying is that Maggie promised to help the JAMs in her conference speech. No ifs ,no buts. The conventional long term 'trickle down' economics is not good enough in the light of that promise even though you may think that makes good economic sense.
Same with borrowing on infrastructure spending which Labour are proposing ( and the Don himself in the good old US of A). What better way to directly stimulate the economy?
Can't do it you say because of an inflation/ devalued currency ( caused by the Tories) and yet with this Govt we had austerity which crashed the economy in 2012 and then a borrowing splurge to revive it and win an election.Tories have borrowed 900 bn in the last six years so it's a bit rich to criticize Jez for borrowing to spend on infrastructure.
You're just promising more of the same.
Let's see if Phil will do what his boss said at the Tory party conference, rather than more of the same.
Unfreezing of in work benefits and increasing the basic rate of personal tax allowance ( 10 to 12.5k) would help as a start.

 

[Len Rum]

Meanwhile in other news:
May - October 2016. Tory party conference.MANDATORY for companiies to have worker representatives on Company boards
May- November 2016. Prepared talk to CBI. No longer mandatory.
First U turn.
Looks as though the JAMs might be disappointed after all.
It was an embarrassing awkward speech, just spin and soundbites read out from notes.
She gave herself away at the end when like a novice she visibly relaxed and then got animated in the Q&A session.

 

[SWP's back]

Meanwhile in other news:
May - October 2016. Tory party conference.MANDATORY for companiies to have worker representatives on Company boards
May- November 2016. Prepared talk to CBI. No longer mandatory.
First U turn.
Looks as though the JAMs might be disappointed after all.
It was an embarrassing awkward speech, just spin and soundbites read out from notes.
She gave herself away at the end when like a novice she visibly relaxed and then got animated in the Q&A session.

Thanks for the update.

 

[Len Rum]

Thanks for the update.

No probs mate.
Always happy to keep you abreast of developments in the world of politics, particularly where U turns and sleight of hand are involved.

 

[Division]

Corporation tax will be the lowest in the top 20 developed countries - Theresa May.

They broke the toy and are trying to fix it will sellotape.

Will they go lower than Irelands 12.5% CT rate? Will the EU allow them to trade freely after Brexit? Probably not.

 

[aguero93:20]

Will they go lower than Irelands 12.5% CT rate?

Your effective rate for multinational corporations is already around the 1-2% range. Cutting CT for SMEs could be a positive catalyst, the SMEs need to be making a taxable profit in the first place though.

 

[Ban-jani]

I'm now on £50 less a month than I was in 2009, my house price has plummeted by 20%, at work we have cuts galore, roads are shit, wife's job is always uncertain, I've got to work 8 years longer to get less pension while paying in more, yep Tory policies have done me the world of good.

And it would be much worse if the red mob were in.

 

[jonmcity]

Corporation tax will be the lowest in the top 20 developed countries - Theresa May.

They broke the toy and are trying to fix it will sellotape.

Will they go lower than Irelands 12.5% CT rate? Will the EU allow them to trade freely after Brexit? Probably not.

Its not the developed countries they use as tax havens now is it.