The Labour Government

inbetween said:
I also agree with this. Modernisation of the rail network is key and trains are by nature the perfect target for automation. They need to start putting passengers first and passengers do not care about who is driving the train.

The biggest benefit of driverless trains is they're safer, the driver works for free and he'll always turn up on time.
Click to expand...
How much safer?

www3.nhk.or.jp

Driverless trains under scrutiny after accident | NHK WORLD-JAPAN News

More than a dozen people were injured when a driverless train in the city of Yokohama, south of Tokyo, suddenly started traveling the wrong way before crashing into a station buffer. The accident happened on June 1 on the Kanazawa Seaside Line. All trains on the system, known as an automated...
www3.nhk.or.jp www3.nhk.or.jp
 
Chippy_boy said:
Honestly I think Bailey is a buffoon. What he and his committee of experts never factored in was that the biggest driver of increasing prices was NOT excess demand, prices were rising due to supply-side pressures and cost increases working their way through the system. About which dampening demand with higher interest rates, is completely the wrong response. He's kept interest rates far too high for far too long and all that has done is depress growth, make people poorer and ultimately due to falling demand, put companies out of business. I hear TGI's is another one to fall this morning. If people don't have spare cash in their pockets, they are not buying non-essentials and the high interest rates and energy costs are crippling peoples' mortgage payments and fuel bills.

If we had 4%, 5% growth and the economy was overheating - demand outpacing our ability to grow capacity - then fair enough. But that is hardly the situation now, is it.
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Wow. I concur absolutely with the daftness of putting up mortgages to deal with inflation caused by external events (and mad Truss policies).
 
Vic said:
How much safer?

www3.nhk.or.jp

Driverless trains under scrutiny after accident | NHK WORLD-JAPAN News

More than a dozen people were injured when a driverless train in the city of Yokohama, south of Tokyo, suddenly started traveling the wrong way before crashing into a station buffer. The accident happened on June 1 on the Kanazawa Seaside Line. All trains on the system, known as an automated...
www3.nhk.or.jp www3.nhk.or.jp
Click to expand...
Significantly, 75% of all accidents across the European rail network are caused by human error. Thats not to say its all drivers, this includes signallers, maintenance etc but drivers erm well...

https://www.enfieldindependent.co.uk/news/23654108.enfield-town-train-crash-caused-driver-cocaine/

https://www.reuters.com/world/europ...-spains-worst-train-crash-decades-2024-07-26/

http://www.orr.gov.uk/search-news/driver-sentenced-eight-months-imprisonment-causing-crash

There are many more examples. The reason why human factors is so important in the design of safety critical systems is because humans are highly prone to making errors when interpreting data and acting upon it. Fully automated systems dont remove all risk and can still be prone to systematic error if not designed correctly. But assuming they have been developed with the systematic errors removed or mitigated they are exceptionally safe.
 
PPT said:
The politics of the left mate.
Let’s be honest, Labour haven’t exactly got off to a flyer have they?
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Not really these guys are very much Starmer/Blair status quo centrists. They are very much Kenneth Clarke rather than Tony Benn.

They tend to be middle England, they will throw the odd poor person a bone for the sake of their conscience but even a hint of the 3 bed semi losing value, gdp falling or coughing up to prevent old people dying will make them turn full on Tory within a click of their fingers.
 
Alan Harper's Tash said:
The irony of this post landing under a reply by chippy not wanting to debate because someone has a “shit attitude” isn’t lost on most.

This thread is utterly pointless now as it’s dominated by 2 people calling everything and anything shit because the vote didn’t go their way.
Click to expand...

I know people calling things shit because they didn't get their way it's why I don't post in this thread muc.......


Shit sorry thought I was in the Brexit thread.

Carry on :-)
 
mosssideblue said:
It won’t, nor should it
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Huh?

Consumer confidence = consumer spending

More consumer spending = growth.
Less consumer spending = contraction.

Growth = lower welfare bills and more money to spend on other public services
Contraction = higher welfare bills and less money to spend on other public services.

Less money to spend on public services when the government have already suggested there will be cuts to public spending is a double whammy.

Yeah you’re probably right she should just ignore it.
 
metalblue said:
Huh?

Consumer confidence = consumer spending

More consumer spending = growth.
Less consumer spending = contraction.

Growth = lower welfare bills and more money to spend on other public services
Contraction = higher welfare bills and less money to spend on other public services.

Less money to spend on public services when the government have already suggested there will be cuts to public spending is a double whammy.

Yeah you’re probably right she should just ignore it.
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She won't change position so close to the budget. We all know the country is in a mess and they have been perfectly clear in that difficult decisions will need to be made to stabilise the ship.

I would be surprised if consumer confidence wasn't high at this point, but she will rightly (imo) stick with what the plan is and not buckle at the first hint of discontent
 
Vic said:
How much safer?

www3.nhk.or.jp

Driverless trains under scrutiny after accident | NHK WORLD-JAPAN News

More than a dozen people were injured when a driverless train in the city of Yokohama, south of Tokyo, suddenly started traveling the wrong way before crashing into a station buffer. The accident happened on June 1 on the Kanazawa Seaside Line. All trains on the system, known as an automated...
www3.nhk.or.jp www3.nhk.or.jp
Click to expand...
Human error factors into the vast majority of transport accidents, in aviation today it is the sole or contributing cause to 99% of accidents. Accidents are rare but there is a huge amount of mitigation required to get to that but the driver is still the weak link. It also costs tens of thousands to train one person to drive a train, for pilots it's hundreds of thousands.

There is no statistic in existence that says driven trains are safer. We'd prefer it in aviation if we could remove the pilots but planes are stupidly complicated to automate and the technology doesn't exist so it isn't safer. Trains aren't complicated, they drive in a straight line and even the signalling is already automated.

www.bbc.co.uk

Human error to blame for train crash - Greek PM

At least 43 people died in the head-on collision between a passenger service and freight train.
www.bbc.co.uk www.bbc.co.uk
www.nytimes.com

Human Error Likely Caused Subway Crash and Derailings, Officials Say (Published 2024)

The collision of two trains, which injured 26 people, appears to have been caused by confusion over which vehicle had the right of way.
www.nytimes.com www.nytimes.com
www.standard.co.uk

Train crash kills 13 people in India as human error blamed

An express train rammed into a stationary train, derailing two carriages
www.standard.co.uk www.standard.co.uk
www.theolivepress.es

Train crash in Spain’s Malaga causes multiple injuries - Olive Press News Spain

THIRTEEN people have been injured after a train crash in Spain’s Malaga. Photo: Consorcio Provincial de Bomberos de Málaga The incident occurred on
www.theolivepress.es www.theolivepress.es
 
mosssideblue said:
She won't change position so close to the budget. We all know the country is in a mess and they have been perfectly clear in that difficult decisions will need to be made to stabilise the ship.

I would be surprised if consumer confidence wasn't high at this point, but she will rightly (imo) stick with what the plan is and not buckle at the first hint of discontent
Click to expand...

Ah I get you now, apologies. No I don’t think she will change what she does but there needs to be a bit of cheer in what she says (that was what I meant in my original post but appreciate it wasn’t clear). If you read the article savings have gone up - people are battening down the hatches because they expect things to get significantly worse - given that’s what they’ve been told for the past couple of months.

I get they want to make sure the public blame the tories for the state of everything for a good while yet - it’s sensible politics - but there is a case of them overdoing the rhetoric on that.
 
I'll post this here, not looking for any replies. Not even expecting the Labour zealots to watch it. If any of you do though, just let the first 3 or so minutes sink in. Please don't come back saying how it's all perfectly justifiable. It isn't. You know it isn't. I know, we all know. So let's not getting into a silly discussion about how it's all perfectly normal and OK. It just makes you look daft, and I am not going to engage in any such nonsensical discussion anyway, so there's no point. Just watch it, let in sink in a bit and reflect on what sort of bloke is in No 10.

 
metalblue said:
Ah I get you now, apologies. No I don’t think she will change what she does but there needs to be a bit of cheer in what she says (that was what I meant in my original post but appreciate it wasn’t clear). If you read the article savings have gone up - people are battening down the hatches because they expect things to get significantly worse - given that’s what they’ve been told for the past couple of months.

I get they want to make sure the public blame the tories for the state of everything for a good while yet - it’s sensible politics - but there is a case of them overdoing the rhetoric on that.
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Yes I agree, I posted a few days back that you can see delays in spending on Defence, Energy, Transport and other Infrastructure projects. The government departments are all waiting until the fall out from the budget and then will go off into their huddles for a couple of months. Meanwhile the economy is slowing. Its a very delicate balance and if it does completely stall restarting it will take large cash injections that will defeat the objective of controlling spending.
Furthermore if you slow major projects down too much and timescales get stretched inflation starts to cause overspends.
 
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Brewster's millions said:
I’m afraid that’s an entirely inaccurate description of how quantitative easing and government financing works in the UK.

QE does not directly fund the UK government - it does not equate to monetary financing - and the Bank of England’s actual ability to directly fund the UK government during emergency periods is done via the Ways and Means facility. The W&M is entirely distinct from QE, and is effectively an overdraft facility which is only used for a short finite period and in exceptional circumstances, when it is believed that the government’s funding requirements - which are managed by the DMO - would risk unsettling bond markets.

As for QE, this doesn’t equate to direct government financing due to the fact that (i) when the BoE purchases bonds as part of QE operations, it only buys from the secondary market, I.e. from the stock of outstanding gilts held by investors, rather than directly from the DMO/government, and (ii) the funds used to make QE purchases create another, separate liability for the government, such that QE changes the nature of government debt, rather than the immediate level.

QE purchases do boost the level of bank deposits across the economy, because investors who previously held gilts are now holding cash, but these are distinct from government financing, and an increased level of deposits does not necessarily boost bank lending, as typically proved the case in the UK.
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Thanks for the clarification. My post was written quite quickly. The main thrust was to show that BoE and ergo HMG are directly responsible for determining the source of money in the economy. I don't think I said that QE was actually funding HMG but was pumped into the economy generally.
 
Chippy_boy said:
I'll post this here, not looking for any replies. Not even expecting the Labour zealots to watch it. If any of you do though, just let the first 3 or so minutes sink in. Please don't come back saying how it's all perfectly justifiable. It isn't. You know it isn't. I know, we all know. So let's not getting into a silly discussion about how it's all perfectly normal and OK. It just makes you look daft, and I am not going to engage in any such nonsensical discussion anyway, so there's no point. Just watch it, let in sink in a bit and reflect on what sort of bloke is in No 10.

Click to expand...

The first 60 seconds of that video tells you all you need to know...
Absolutely shameful.
 
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