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I couldn't be more opposed to his politics and views than I am - that's a hideous list of what is wrong with the world today - and yet I would rather see someone with a quarter of his intellect in charge of the T*ries than the lightweight, deceitful, manipulative scumbags that are running this country as a cash cow at the expense of everything that is right and decent, and at the expense of all of our futures. I wouldn't mourn him in any way though.
I couldn't be more opposed to his politics and views than I am - that's a hideous list of what is wrong with the world today - and yet I would rather see someone with a quarter of his intellect in charge of the T*ries than the lightweight, deceitful, manipulative scumbags that are running this country as a cash cow at the expense of everything that is right and decent, and at the expense of all of our futures. I wouldn't mourn him in any way though.
That he undoubtedly had intellectual abilities, but would sell his soul to be a cheerleader for the fossil fuel industry makes him even worse.
And the conceit of inventing Nigella as a name for his daughter.
"How the revenue from that oil was spent — squandered on under-priced privatisations and tax cuts for the rich, buying Tory election victories rather than investing in long-term prosperity — is the real Lawson legacy we should be talking about. "
Norway set up a sovereign fund - the UK under Thatcher set up nothing, albeit she was little more than a mouthpiece for Walters/Joseph.
The best analogy would be of a farmer guzzling his way through next years seed corn. The countries oil revenues were used in some electoral Ponzi scheme. Yes, we were all rich. Shares for everyone, and debt uncontrolled as the country lived off the sale of its assets.
Till it all came crashing down, Debts had to be paid. Selling the shares did not meet the higher utility charges. Selling your house in falling market, saw tens of thousands simply hand back their keys.
Such economic lunacy means we have European state owned companies owning and running our utilities. Trains, electric, water .... you name them, they have got them. With a remit to generate profit, not provide service. The latter is what you do in your home country. Ever wondered why train fares are so high ? Or why sewage is dumped in our rivers ?
Sadly it is hard to separate the man from the politician. A legacy that still has a deathly grip on the country.
"How the revenue from that oil was spent — squandered on under-priced privatisations and tax cuts for the rich, buying Tory election victories rather than investing in long-term prosperity — is the real Lawson legacy we should be talking about. "
Norway set up a sovereign fund - the UK under Thatcher set up nothing, albeit she was little more than a mouthpiece for Walters/Joseph.
The best analogy would be of a farmer guzzling his way through next years seed corn. The countries oil revenues were used in some electoral Ponzi scheme. Yes, we were all rich. Shares for everyone, and debt uncontrolled as the country lived off the sale of its assets.
Till it all came crashing down, Debts had to be paid. Selling the shares did not meet the higher utility charges. Selling your house in falling market, saw tens of thousands simply hand back their keys.
Such economic lunacy means we have European state owned companies owning and running our utilities. Trains, electric, water .... you name them, they have got them. With a remit to generate profit, not provide service. The latter is what you do in your home country. Ever wondered why train fares are so high ? Or why sewage is dumped in our rivers ?
Sadly it is hard to separate the man from the politician. A legacy that still has a deathly grip on the country.
Norway has a population of 5.4m. The UK population is 67m. You don't need to be Einstein to work out why a sovereign wealth fund may have made more sense for the smaller country.
Norway has a population of 5.4m. The UK population is 67m. You don't need to be Einstein to work out why a sovereign wealth fund may have made more sense for the smaller country.
Also, Scottish oil is expensive to even get at due to the depth and I'm not even sure Scotland (or UK) actually own the sh1t anymore anyway - ?
Apparently, according Pint of Wine Paul, it's also very poor quality.
Does Scotland even own the rigs these days?
Genuine question.
“Hello, I'm your MP. Actually I'm not. I'm your candidate. Gosh.”
Boris Johnson canvassing in Henley, 2005.
Norway has a population of 5.4m. The UK population is 67m. You don't need to be Einstein to work out why a sovereign wealth fund may have made more sense for the smaller country.
This doesn't really follow as an argument. Norway has sovereign wealth funds worth over a trillion pounds for about 5-6 million people. The UK has zero pounds across a population of 65-70 million.
I'd argue the population bit makes literally no difference at all. If you've zero money in the kitty, it doesn't matter how many times you try and divy it up, you still have nothing.
This doesn't really follow as an argument. Norway has sovereign wealth funds worth over a trillion pounds for about 5-6 million people. The UK has zero pounds across a population of 65-70 million.
I'd argue the population bit makes literally no difference at all. If you've zero money in the kitty, it doesn't matter how many times you try and divy it up, you still have nothing.
Agreed, it's a genius idea
Didn't Corbyn want a National Investment Bank that was state owned, given one of our biggest industries is banking, it would make sense to try and get a share of that pie and expertise in the national interests, that was the logic behind it?
Alcohol is the answer but I can't remember the question!
Norway has a population of 5.4m. The UK population is 67m. You don't need to be Einstein to work out why a sovereign wealth fund may have made more sense for the smaller country.
The idea of using part of the oil revenue to build up a reserve for the time that revenue runs out ..... is not a good idea because of the size of the country !
Even in the lunatic Liz Truss la la land of extreme stupidity that makes no sense at all
That fund is currently worth £1.3 trillion
The disturbing thing is, not so much the Tories spunking away the countries one off bonus, but that there are still obsequious cap doffers desperate to defend their 'betters' by posting up such idiotic nonsense
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