| A question for any economists among us 12:21 - Sep 23 with 4531 views | Keno |
Can you reduce inflation while at the same stimulating growth?
(and with the ghosts of Mr Gosling & Mr Wilcox casting their shadows you dont have to show your workings out) |  |
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| A question for any economists among us on 13:53 - Sep 23 with 1109 views | Mookamoo |
| A question for any economists among us on 13:47 - Sep 23 by Lord_Lucan |
The biggest way to combat inflation is to get the £ back up to > 1.50
We paid at 1.11 yesterday - if it continues as it is we will rise our prices by 20%
Coupled with freight profiteering these are the two big reasons for UK current disaster. Energy will add to the problem but it hasn't really kicked in yet.
My analysis is that we are screwed for 5 years. |
https://www.bbc.co.uk/news/business-63009173
"The pound has fallen to a fresh 37-year low against the dollar as markets react to the biggest tax cutting budget in 50 years."
That all worked then. |  | | |
| A question for any economists among us on 13:56 - Sep 23 with 1098 views | HARRY10 |
| A question for any economists among us on 13:41 - Sep 23 by SuperKieranMcKenna |
I have a degree but not much time for a long rambling answer!
My view is that we are heading into a fairly dire global slowdown. There are few economic indicators that suggest room for growth. Personally I don’t think oil and gas prices will ever ‘normalise’ now and it’s essential to ramp up the energy transition with state funded investments - ie not subsidising private investors. We should look to become world leaders for once and sell expertise abroad. My opinion is the best bet to stimulate the economy is to enhance government spending on projects and services. The US stimulus scheme implemented by Biden during the pandemic was very successful in creating economic growth in the US. The problem is of course things like construction have incredibly high rates of inflation because of the cost increases to building materials. With the global economy so interlinked it’s hard to see how that can be avoided.
The strong dollar is also causing a lot of issues not only for the UK and EU but also in Asia. It makes importing more expensive, exasperates commodity prices and increases the cost of any USD demominated borrowing. There will be a benefit however to the FTSE 100 firms who earn most of their income in dollars.
The last point I’d make is rejoining the single market would help significantly, what we have is not a free trade deal as it was sold as. That doesn’t appear to be on the table by either of the parties that could feasibly elected. |
Some good points James. However, what the past decade has shown is it is not in Tory thinking to invest in the long term training/infrastructure, but to generate short term gains hence privatisation.
Returning to the SM/CU is of course essential, and has already begun - albeit slowly. The fear has to be how much will be lost as companies and business head out of the UK at an alarming rate. Gas prices will drop, as a global slowdown will cut demand.
I watched QT last night, just the fracking bit, and listened to two incredible stupid blokes. One who thought that there is not the ability to store power. Whereas battery power is massively growing. And the other cretin in total denial of what the fracking company said, and believes the UK merely has to poke a pipe into the ground, and hey presto, problem solved.
Today has seen some bizarre claims. One being that the lower paid need pay cuts and sanctions to be more productive, whereas the better paid need greater pay for the same end. Low productivity is a result of low investment. Measure the productivity of one man with a combine v 10 men with scythes.
This budget is no more than a sit or bust gamble that things will look marginally better to fight what is currently a lost next GE.
That millions will suffer this winter as a consequence, seems to matter little to this lot. |  | | |
| A question for any economists among us on 14:11 - Sep 23 with 1073 views | WeWereZombies |
| A question for any economists among us on 13:56 - Sep 23 by HARRY10 |
Some good points James. However, what the past decade has shown is it is not in Tory thinking to invest in the long term training/infrastructure, but to generate short term gains hence privatisation.
Returning to the SM/CU is of course essential, and has already begun - albeit slowly. The fear has to be how much will be lost as companies and business head out of the UK at an alarming rate. Gas prices will drop, as a global slowdown will cut demand.
I watched QT last night, just the fracking bit, and listened to two incredible stupid blokes. One who thought that there is not the ability to store power. Whereas battery power is massively growing. And the other cretin in total denial of what the fracking company said, and believes the UK merely has to poke a pipe into the ground, and hey presto, problem solved.
Today has seen some bizarre claims. One being that the lower paid need pay cuts and sanctions to be more productive, whereas the better paid need greater pay for the same end. Low productivity is a result of low investment. Measure the productivity of one man with a combine v 10 men with scythes.
This budget is no more than a sit or bust gamble that things will look marginally better to fight what is currently a lost next GE.
That millions will suffer this winter as a consequence, seems to matter little to this lot. |
'what the past decade has shown is it is not in Tory thinking to invest in the long term training/infrastructure'
Just the last decade, Harry ? You've missed a maximum rant point there... |  |
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| A question for any economists among us on 14:22 - Sep 23 with 1055 views | SuperKieranMcKenna |
| A question for any economists among us on 13:56 - Sep 23 by HARRY10 |
Some good points James. However, what the past decade has shown is it is not in Tory thinking to invest in the long term training/infrastructure, but to generate short term gains hence privatisation.
Returning to the SM/CU is of course essential, and has already begun - albeit slowly. The fear has to be how much will be lost as companies and business head out of the UK at an alarming rate. Gas prices will drop, as a global slowdown will cut demand.
I watched QT last night, just the fracking bit, and listened to two incredible stupid blokes. One who thought that there is not the ability to store power. Whereas battery power is massively growing. And the other cretin in total denial of what the fracking company said, and believes the UK merely has to poke a pipe into the ground, and hey presto, problem solved.
Today has seen some bizarre claims. One being that the lower paid need pay cuts and sanctions to be more productive, whereas the better paid need greater pay for the same end. Low productivity is a result of low investment. Measure the productivity of one man with a combine v 10 men with scythes.
This budget is no more than a sit or bust gamble that things will look marginally better to fight what is currently a lost next GE.
That millions will suffer this winter as a consequence, seems to matter little to this lot. |
Absolutely- I don’t expect any of my comments on investment would see fruition. They are morally bankrupt and devoid of any ideas.
The “magic money tree” comments will be wheeled out despite the fact the ‘party of the economy’ has overseen two sovereign credit rating downgrades. | | | |
| A question for any economists among us on 14:38 - Sep 23 with 1040 views | Churchman |
| A question for any economists among us on 13:41 - Sep 23 by SuperKieranMcKenna |
I have a degree but not much time for a long rambling answer!
My view is that we are heading into a fairly dire global slowdown. There are few economic indicators that suggest room for growth. Personally I don’t think oil and gas prices will ever ‘normalise’ now and it’s essential to ramp up the energy transition with state funded investments - ie not subsidising private investors. We should look to become world leaders for once and sell expertise abroad. My opinion is the best bet to stimulate the economy is to enhance government spending on projects and services. The US stimulus scheme implemented by Biden during the pandemic was very successful in creating economic growth in the US. The problem is of course things like construction have incredibly high rates of inflation because of the cost increases to building materials. With the global economy so interlinked it’s hard to see how that can be avoided.
The strong dollar is also causing a lot of issues not only for the UK and EU but also in Asia. It makes importing more expensive, exasperates commodity prices and increases the cost of any USD demominated borrowing. There will be a benefit however to the FTSE 100 firms who earn most of their income in dollars.
The last point I’d make is rejoining the single market would help significantly, what we have is not a free trade deal as it was sold as. That doesn’t appear to be on the table by either of the parties that could feasibly elected. |
I don’t disagree with any of this.
The government approach looks ill thought through and shambolic. No change there. It’s little wonder the markets responded the way they did. |  | | |
| A question for any economists among us on 15:19 - Sep 23 with 1010 views | Lord_Lucan |
| A question for any economists among us on 13:53 - Sep 23 by Mookamoo |
https://www.bbc.co.uk/news/business-63009173
"The pound has fallen to a fresh 37-year low against the dollar as markets react to the biggest tax cutting budget in 50 years."
That all worked then. |
I withheld a larger payment as I was hoping the statement would result in a rise to 1.13, as it is it's gone down to 1.10
This small difference costs us an extra £3k |  |
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| A question for any economists among us on 15:40 - Sep 23 with 992 views | Churchman |
| A question for any economists among us on 15:19 - Sep 23 by Lord_Lucan |
I withheld a larger payment as I was hoping the statement would result in a rise to 1.13, as it is it's gone down to 1.10
This small difference costs us an extra £3k |
It has further to fall. I don’t think anyone is expecting better than parity in the short term.
One of the problems here is that the government has abandoned any form of methodical approach. There was a time when ministers and whoever would come up with policy ideas. They’d then put them to government departments and associated specialists to scope and work up like you would any project. They’d then go back to the minister with costs, benefits, impacts, suggestions, recommendations, risks, issues, timescales etc etc and the minister would either bin it (that’s what happened to the majority of policy ideas), amend it or authorise it and take it further.
Yes, the process could and was deviated from in rare instances where necessary, but by and large the Chancellor would stand up in the house with measures that’d withstand scrutiny because a lot of that would already have been done. Did it always work? No, otherwise we wouldn’t have the mess of a country we have, but it was better than the fag packet brigade who, like Reece Mogg, don’t ‘do’ reading.
I gather this has all gone out of the window. That’s why you get insane decisions like Ruanda that can never work, even if they were morally acceptable and todays shambles of announcements.
Chaos. [Post edited 23 Sep 2022 15:46]
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| A question for any economists among us on 15:47 - Sep 23 with 990 views | MJallday |
Short answer :yes, but it takes time, focused and joined up effort
Right now, Some of The key(s) to low inflation are
* a ready supply of low- cost, manufactured goods or supplied services
* a boyuant,competitive consumer market
(In short high demand, high supply,low cost of
production, and an accessible market)
The challenge is now-
* we have high costs of production
* we have medium to low consumer demand
* our marketplace is restricted
to counter high inflation you’d usually therefore increase interest rates, encouraging people to have that “market” (ie more to spend ) BUT the cost of
Production is so high, thanks to Energy prices, proves this strategy in isolation is unlikely to work . Of course you then could extend your marketplace, but that ship sailed a few years ago with the B word
The above is hugely simplified, and there are lots of missing elements. (Interest rates, labour supply, taxation, legislation, foreign currency movement etc)but the above essentially is
The nuts and bolts of it [Post edited 23 Sep 2022 15:48]
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| A question for any economists among us on 15:58 - Sep 23 with 976 views | WeWereZombies |
| A question for any economists among us on 15:47 - Sep 23 by MJallday |
Short answer :yes, but it takes time, focused and joined up effort
Right now, Some of The key(s) to low inflation are
* a ready supply of low- cost, manufactured goods or supplied services
* a boyuant,competitive consumer market
(In short high demand, high supply,low cost of
production, and an accessible market)
The challenge is now-
* we have high costs of production
* we have medium to low consumer demand
* our marketplace is restricted
to counter high inflation you’d usually therefore increase interest rates, encouraging people to have that “market” (ie more to spend ) BUT the cost of
Production is so high, thanks to Energy prices, proves this strategy in isolation is unlikely to work . Of course you then could extend your marketplace, but that ship sailed a few years ago with the B word
The above is hugely simplified, and there are lots of missing elements. (Interest rates, labour supply, taxation, legislation, foreign currency movement etc)but the above essentially is
The nuts and bolts of it [Post edited 23 Sep 2022 15:48]
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Except that a low cost supply of services and manufactured goods prolongs the unfairness both nationally and globally, which in turn creates a fertile breeding ground for political instability. In short the low cost goods are really low cost bads.
And a buoyant consumer market is amongst the things driving us down environmentally, so is unsustainable in the long term - and increasingly in the medium term too (just to counter anyone who trots out the Keynesian 'in the long term we are all dead'.)
So even the best current economic theories just lead to a cliff edge. But that's what our Government excels in, isn't it. I wonder when they will run out of cliff edges ? | |
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| A question for any economists among us on 16:21 - Sep 23 with 949 views | lowhouseblue |
| A question for any economists among us on 13:08 - Sep 23 by HARRY10 |
Current energy prices are artificially high because the government is allowing companies to make excess profits.
the comparison is not between what those prices might be and what they will be, but what they were and what they are now.
ie ITFC announce that they will double the price of all season tickets next season, then later state they will only increase the prices by half - is that holding down inflation, of course not |
relative to where we would be without them, price caps make prices lower. hence the forecast that, with the price caps, inflation will peak at a lower rate than would otherwise be the case. |  |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| A question for any economists among us on 16:24 - Sep 23 with 937 views | Kropotkin123 |
I'm not an economist. But I have been reading what economists have said and have anecdotal experience. There is a line of arguement that agrees with what Lowhouse said. That it depends on the source of inflation.
The argument goes that the current source of inflation is a supply problem, not a demand problem. So doing things like central banks raising interest rates will not help, rather it will negatively impact growth, whilst doing nothing to reduce inflation, as you are providing a demand solution to a supply problem.
This group of economists are concerned that the actions will force an unnecessary recession.
These same economists suggest that lifting sanctions on Russia (which has caused supply issues) and addressing COVID-19 supply impacts (I'm not sure what these are) would help reduce inflation. Note, they are not saying to lift the sanctions, rather to recognize the impact.
As an employee of a robotics company, I can anecdotally confirm that we are seeing supply chain issues, but we have built out our inventory to much higher levels than the norm, and are continuing as normal (we currently fulfill 96% of orders within our stated turnaround time, which is extremely aggressive compared to our competitors). Increased interest rates do not impact positively or negatively our supply side issues, and therefore seems like an inappropriate measure (again anecdotally speaking).
So we could stimulate growth while tackling supply issues that reduce inflation. But, do we want to? Lifting sanctions on Russia, for example, would be unpopular, and a short-term solution that puts us back in a dependent position. [Post edited 23 Sep 2022 20:30]
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| Submit your 1-24 league prediction here -https://www.twtd.co.uk/forum/514096/page:1 - for the opportunity to get a free Ipswich top. | | Poll: | Would you rather | | Blog: | Round Four: Eagle |
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| A question for any economists among us on 17:02 - Sep 23 with 882 views | Keno |
| A question for any economists among us on 16:24 - Sep 23 by Kropotkin123 |
I'm not an economist. But I have been reading what economists have said and have anecdotal experience. There is a line of arguement that agrees with what Lowhouse said. That it depends on the source of inflation.
The argument goes that the current source of inflation is a supply problem, not a demand problem. So doing things like central banks raising interest rates will not help, rather it will negatively impact growth, whilst doing nothing to reduce inflation, as you are providing a demand solution to a supply problem.
This group of economists are concerned that the actions will force an unnecessary recession.
These same economists suggest that lifting sanctions on Russia (which has caused supply issues) and addressing COVID-19 supply impacts (I'm not sure what these are) would help reduce inflation. Note, they are not saying to lift the sanctions, rather to recognize the impact.
As an employee of a robotics company, I can anecdotally confirm that we are seeing supply chain issues, but we have built out our inventory to much higher levels than the norm, and are continuing as normal (we currently fulfill 96% of orders within our stated turnaround time, which is extremely aggressive compared to our competitors). Increased interest rates do not impact positively or negatively our supply side issues, and therefore seems like an inappropriate measure (again anecdotally speaking).
So we could stimulate growth while tackling supply issues that reduce inflation. But, do we want to? Lifting sanctions on Russia, for example, would be unpopular, and a short-term solution that puts us back in a dependent position. [Post edited 23 Sep 2022 20:30]
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Thats a really well thought out and intelligent reply thank you
the only thing I'm not well thought out and intelligent and all I can think it 'wow Kropty build Metal Mickey!!', thats the coolest thing on TWTD ever | |
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| A question for any economists among us on 17:11 - Sep 23 with 870 views | Lord_Lucan |
| A question for any economists among us on 15:40 - Sep 23 by Churchman |
It has further to fall. I don’t think anyone is expecting better than parity in the short term.
One of the problems here is that the government has abandoned any form of methodical approach. There was a time when ministers and whoever would come up with policy ideas. They’d then put them to government departments and associated specialists to scope and work up like you would any project. They’d then go back to the minister with costs, benefits, impacts, suggestions, recommendations, risks, issues, timescales etc etc and the minister would either bin it (that’s what happened to the majority of policy ideas), amend it or authorise it and take it further.
Yes, the process could and was deviated from in rare instances where necessary, but by and large the Chancellor would stand up in the house with measures that’d withstand scrutiny because a lot of that would already have been done. Did it always work? No, otherwise we wouldn’t have the mess of a country we have, but it was better than the fag packet brigade who, like Reece Mogg, don’t ‘do’ reading.
I gather this has all gone out of the window. That’s why you get insane decisions like Ruanda that can never work, even if they were morally acceptable and todays shambles of announcements.
Chaos. [Post edited 23 Sep 2022 15:46]
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I have gambled that it will rise by Monday - otherwise I'm even more screwed.
I could have paid at 1.16 but I thought that was too low 
Worst thing is i bought a container over as a favour for someone making no profit - so I told him I paid it at 1.16 in the hope that it would go back to around 1.25 and I could earn a bottle of beer - looks like I'm going to pay < 1.10 so I'm actually going to lose money by doing someone a favour.
Expensive mistake, there's probably a moral to this. | |
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| A question for any economists among us on 17:46 - Sep 23 with 824 views | HARRY10 |
As stated elsewhere, we no longer have a government of pro active decision-making but clowns re acting to the consequences of their own ignorance. How many times was the bloater forced into a U-turn ?
The blindingly obvious flaw in this 'cunning plan' is workers. Prior to 2020 the UK could draw upon a huge labour resource, the EU. Whether unskilled/skilled they were there. That door has been shut.
Now some will argue that EU countries are similarly suffering labour shortages. Which puts the UK in a far worse position. If there was an abundance of labour across the EU then many would be willing to pay the money and go through the huge rigmarole that now exists to work in the UK. Evidence shows they are not.
And it is sheer stupidity to imagine that applying sanctions to those sick, disabled or too mentally unwell is what is needed to get them into work. Despite the cretins on the Mail forum, there are not hoards of skivers laying in bed all day (if there are, what does that say about 12 years of Tory rule ?)
Many lack the skills needed. Others are stuck in areas of the country barring them from finding accommodation in the prosperous areas where there is work.
Growth suggests an expansion of current production, and/or new production. To benefit the economy it requires less burden on global trade. Whereas it is now weighed down with huge regulation caused by the UK leaving the EU.
https://www.theguardian.com/business/2022/may/30/brexit-uk-firms-eu-trade-northe
Business is currently voting with its feet, and shifting out of the UK. The same reasons are similarly causing inward investment to fall. Nothing announced today will address that reality. Meanwhile, those at the bottom are in for a very hard time.
I wonder which one of these idiocies announced today will be the first to be reversed - and which of these idiots will be the first to go. | | | |
| A question for any economists among us on 18:02 - Sep 23 with 801 views | Swansea_Blue |
| A question for any economists among us on 15:19 - Sep 23 by Lord_Lucan |
I withheld a larger payment as I was hoping the statement would result in a rise to 1.13, as it is it's gone down to 1.10
This small difference costs us an extra £3k |
Yeah, we’ve got a project we’re being paid in dollars that was priced up a fair few months ago. Several thousand gone on that one as well; all the overhead’s gone. Luckily it’s very small beer for us. Our last EU projects are all taking a hammering as well, they’re not small beer and least we’ve still got them (until max mid-next year).
France was chuffin expensive on holiday this year too! (First world problems). |  |
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| A question for any economists among us on 18:30 - Sep 23 with 773 views | Kropotkin123 |
| A question for any economists among us on 17:02 - Sep 23 by Keno |
Thats a really well thought out and intelligent reply thank you
the only thing I'm not well thought out and intelligent and all I can think it 'wow Kropty build Metal Mickey!!', thats the coolest thing on TWTD ever |
Haha, I'm not that cool. I find the people to do the cool stuff. But it does mean I'm expected to be speaking on a certain basic level as them. | |
| Submit your 1-24 league prediction here -https://www.twtd.co.uk/forum/514096/page:1 - for the opportunity to get a free Ipswich top. | | Poll: | Would you rather | | Blog: | Round Four: Eagle |
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| A question for any economists among us on 18:50 - Sep 23 with 760 views | Churchman |
| A question for any economists among us on 17:02 - Sep 23 by Keno |
Thats a really well thought out and intelligent reply thank you
the only thing I'm not well thought out and intelligent and all I can think it 'wow Kropty build Metal Mickey!!', thats the coolest thing on TWTD ever |
Here’s a good idea. There’s something in Europe called ‘the single market’. At a stroke, issues over tariffs, border controls, standards, all gone. Dealt with.
The recently recruited staff to man the borders post Brexit are all going to have to go to meet the 91k headcount reduction anyway. The numbers were only ever increased to meet border needs post 2020, so problem solved. Paperwork slashed, issues over the City all dealt with.
Ah, but we took back control of our borders! No we didn’t. 1000+ arrived yesterday and a new record this year has already been set. The numbers are extraordinary.
Ah, but what about new trade agreements? Well we will never get one with the US and don’t need one that purely benefits them (what trump was after). Pre Brexit they were our single biggest trading partner anyway. What about the the Trans Pacific Trade Partnership, I hear you cry. Even if the U.K. joins it, which I doubt, it’ll make very little difference to UKs GDP.
The U.K. is literally falling apart. No investment other than investors from outside the U.K. picking off its best companies like cherries from a tree. A fire sale. There are problems here way beyond any European country, including energy poverty which will be the worst. Why? Storage facilities have all been flogged off and there’s been no investment or energy planning for years.
Joining the single market loses little and gains us a lot. I’m surprised the tools in government haven’t thought of it, but thinking is a concept a little beyond that shower.
My views here are facetious, but let’s face it, Brexit and government policy in the last 12 years has had nothing whatsoever with benefitting the people.
I blame Simply Red (see music thread) | | | |
| A question for any economists among us on 18:53 - Sep 23 with 755 views | OldFart71 |
Giving someone wealthy £5,000 whilst giving someone poor £150 won't stimulate the economy. Allowing my fuel bill, whether regarded by the Government as a cut, going from £68 per month up to £200 won't stimulate anything from me except anger at what I see as taking from the poor and giving to the rich. I have voted Tory most of my life having been brought up in the rural County of Suffolk. But what I have seen and been through over the last few years that will cease. I'm not voting for Starmer either as any Party that cannot overcome a Party that's out on it's feet like the Tories isn't worth voting for either. What is required is a Party neither linked to Business or the wealthy or one linked to the Unions. | | | |
| A question for any economists among us on 18:58 - Sep 23 with 751 views | Swansea_Blue |
| A question for any economists among us on 18:50 - Sep 23 by Churchman |
Here’s a good idea. There’s something in Europe called ‘the single market’. At a stroke, issues over tariffs, border controls, standards, all gone. Dealt with.
The recently recruited staff to man the borders post Brexit are all going to have to go to meet the 91k headcount reduction anyway. The numbers were only ever increased to meet border needs post 2020, so problem solved. Paperwork slashed, issues over the City all dealt with.
Ah, but we took back control of our borders! No we didn’t. 1000+ arrived yesterday and a new record this year has already been set. The numbers are extraordinary.
Ah, but what about new trade agreements? Well we will never get one with the US and don’t need one that purely benefits them (what trump was after). Pre Brexit they were our single biggest trading partner anyway. What about the the Trans Pacific Trade Partnership, I hear you cry. Even if the U.K. joins it, which I doubt, it’ll make very little difference to UKs GDP.
The U.K. is literally falling apart. No investment other than investors from outside the U.K. picking off its best companies like cherries from a tree. A fire sale. There are problems here way beyond any European country, including energy poverty which will be the worst. Why? Storage facilities have all been flogged off and there’s been no investment or energy planning for years.
Joining the single market loses little and gains us a lot. I’m surprised the tools in government haven’t thought of it, but thinking is a concept a little beyond that shower.
My views here are facetious, but let’s face it, Brexit and government policy in the last 12 years has had nothing whatsoever with benefitting the people.
I blame Simply Red (see music thread) |
If anyone was genuinely serious about “unchaining” UK business and growing the economy, we’d be having grown up conversations about the SM/CU. But they’re not serious and there are no grown ups. | |
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| A question for any economists among us on 19:02 - Sep 23 with 746 views | Keno |
| A question for any economists among us on 18:50 - Sep 23 by Churchman |
Here’s a good idea. There’s something in Europe called ‘the single market’. At a stroke, issues over tariffs, border controls, standards, all gone. Dealt with.
The recently recruited staff to man the borders post Brexit are all going to have to go to meet the 91k headcount reduction anyway. The numbers were only ever increased to meet border needs post 2020, so problem solved. Paperwork slashed, issues over the City all dealt with.
Ah, but we took back control of our borders! No we didn’t. 1000+ arrived yesterday and a new record this year has already been set. The numbers are extraordinary.
Ah, but what about new trade agreements? Well we will never get one with the US and don’t need one that purely benefits them (what trump was after). Pre Brexit they were our single biggest trading partner anyway. What about the the Trans Pacific Trade Partnership, I hear you cry. Even if the U.K. joins it, which I doubt, it’ll make very little difference to UKs GDP.
The U.K. is literally falling apart. No investment other than investors from outside the U.K. picking off its best companies like cherries from a tree. A fire sale. There are problems here way beyond any European country, including energy poverty which will be the worst. Why? Storage facilities have all been flogged off and there’s been no investment or energy planning for years.
Joining the single market loses little and gains us a lot. I’m surprised the tools in government haven’t thought of it, but thinking is a concept a little beyond that shower.
My views here are facetious, but let’s face it, Brexit and government policy in the last 12 years has had nothing whatsoever with benefitting the people.
I blame Simply Red (see music thread) |
when you say "but we took back control of our borders" we actually only have one border
and we have right royally screwed that up!! | |
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| A question for any economists among us on 19:12 - Sep 23 with 735 views | eireblue |
I am not sure.
But, I believe the current U.K. government is very much a fan of Neoliberal economics.
In simple terms I think this means, just trust free markets.
Unfortunately the global market seems to have decided that the pound is worth less, and organisations better charge more interest when lending to the U.K., and the stock market has dipped a bit.
So…that’s all a bit awkward. |  | | |
| A question for any economists among us on 19:20 - Sep 23 with 726 views | Keno |
| A question for any economists among us on 19:12 - Sep 23 by eireblue |
I am not sure.
But, I believe the current U.K. government is very much a fan of Neoliberal economics.
In simple terms I think this means, just trust free markets.
Unfortunately the global market seems to have decided that the pound is worth less, and organisations better charge more interest when lending to the U.K., and the stock market has dipped a bit.
So…that’s all a bit awkward. |
Maybe there is a case for Britain giving up and joining Ireland | |
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| A question for any economists among us on 19:34 - Sep 23 with 711 views | Churchman |
| A question for any economists among us on 19:20 - Sep 23 by Keno |
Maybe there is a case for Britain giving up and joining Ireland |
There is.
The response from that know about these things is that the boneheads couldn’t have got it more wrong if they tried.
https://www.bbc.co.uk/news/business-63009173
But then that’s what you get when a bunch of mugs who know nothing and aren’t interested in advice from people who do.
Looks like there may not be anything left to salvage after the next election. | | | |
| A question for any economists among us on 19:49 - Sep 23 with 689 views | BanksterDebtSlave |
| A question for any economists among us on 19:34 - Sep 23 by Churchman |
There is.
The response from that know about these things is that the boneheads couldn’t have got it more wrong if they tried.
https://www.bbc.co.uk/news/business-63009173
But then that’s what you get when a bunch of mugs who know nothing and aren’t interested in advice from people who do.
Looks like there may not be anything left to salvage after the next election. |
The comments on the link are priceless...must be all those BBC commie types! |  |
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| A question for any economists among us on 20:06 - Sep 23 with 672 views | jeera |
| A question for any economists among us on 19:20 - Sep 23 by Keno |
Maybe there is a case for Britain giving up and joining Ireland |
Any chance you and Penny could adopt me? |  |
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