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The banker loving, baby-eating Tory party thread (regenerated)


blandy

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59 minutes ago, Genie said:

I’m surprised it’s not EU Lawyers trying to tell the UK what it can and can’t do.

You’d hope people would start to see through this bullshit

’vote leave to stop the EU telling us what to do’

*we leave the EU and still can’t do whatever we want to do*

’lefty judges’

what next? No more courts?

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I’m not an economist so can anyone help me with my question:

If we give more people access to the existing limited housing stock, will this help more people get homes, or will the usual rules of supply and demand apply?

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Quote

Rishi Sunak has been accused of failing to act soon enough to save £11bn of taxpayers' money that has been used to pay interest on government debt.

The National Institute of Economic and Social Research (NIESR) said the losses stemmed from the chancellor's failure to insure against interest rate rises.

It meant higher than necessary payments on £900bn of reserves created through the quantitative easing (QE) programme.

The Treasury said it has "a clear financing strategy" on debt.

The NIESR's Professor Jagjit Chadha, told the Financial Times that Mr Sunak's actions had left the country with "an enormous bill and heavy continuing exposure to interest rate risk".

According to the FT report, the Bank of England (BoE) created £895bn of money through quantitative easing, most of which was used to buy government bonds from pension funds and other investors.

When those investors put the proceeds in commercial bank deposits at the Bank, it had to pay interest at its official interest rate.

Last year, when the official rate was still 0.1%, the NIESR - an economic research group - said the government should have insured the cost of servicing this debt against the risk of rising interest rates.

It suggested converting the debt into government bonds with longer to pay it back.

Prof Chadha said Mr Sunak's failure to do this had cost taxpayers £11bn.

"It would have been much better to have reduced the scale of short-term liabilities earlier, as we argued for some time, and to exploit the benefits of longer-term debt issuance," he told the FT.

BBC

Just £11b spent unnecessarily on interest.

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9 hours ago, markavfc40 said:

First time I have seen this picture of the Johnsons. Who'd have guessed back then the teenage girl on the left would become PM.

A family divided: how Brexit fractured the Johnsons | Boris Johnson | The  Guardian

Who would have thought that the little one on the right would grow up to become Jimmy Saville

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Few things I noticed in the States is that they have a lot of the issues we have.

Fuel costs, whilst much lower than ours are accelerating fast.

Inflation is a major issue and food/drink prices are rising rapidly.

Labour shortages also a big issue. Several restaurants we went in had notices about shortages of staff and supply chain issues meaning a reduced menu offering. Big theme parks who usually have waiting lists of staff are having to advertise for vacancies.

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12 hours ago, markavfc40 said:

First time I have seen this picture of the Johnsons. Who'd have guessed back then the teenage girl on the left would become PM.

A family divided: how Brexit fractured the Johnsons | Boris Johnson | The  Guardian

He even looks like a word removed back then

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5 hours ago, Genie said:

BBC

Just £11b spent unnecessarily on interest.

What are people voting for when they vote for these guys now? 

Is life better under them? 

The corruption, the wasted money, the cuts to public services, the disaster that is GPs and Hospital emergency rooms. 

Whats so scary about labour or others that people deem this is the best way for the country to go?

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4 minutes ago, DCJonah said:

What are people voting for when they vote for these guys now? 

Is life better under them? 

The corruption, the wasted money, the cuts to public services, the disaster that is GPs and Hospital emergency rooms. 

Whats so scary about labour or others that people deem this is the best way for the country to go?

They are all the same seems to be the stock response. Based on nothing. 

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9 minutes ago, DCJonah said:

What are people voting for when they vote for these guys now? 

Is life better under them? 

The corruption, the wasted money, the cuts to public services, the disaster that is GPs and Hospital emergency rooms. 

Whats so scary about labour or others that people deem this is the best way for the country to go?

Yes, even if you were a massive fan of Brexit and loving life outside of the EU it’s done now and in the past. You don’t need to keep voting for the Tories on that basis. There really is nothing else is there?

Maybe this is why Labour / Starmer are keeping quiet on the B subject as The Tories will be all over it “if you vote Labour they’ll try and rejoin the EU” which will alienate a lot of voters.

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Just now, Genie said:

Yes, even if you were a massive fan of Brexit and loving life outside of the EU it’s done now and in the past. You don’t need to keep voting for the Tories on that basis. There really is nothing else is there?

Going to make a clumsy analogy here, you get U2 fans who bought the first few albums, loved them and continued to buy them, time went on, the albums got weaker but you still bought it because the Joshua tree* was a blinding album, you can't give up as you invested in it, you are a fan, it's who you are even if they really are not what you are anymore. 

That's the Tories, you were in for Brexit, it was fantastic, but as time has gone on, things change, they aren't you anymore, you are committed though, you gave them your vote but it's been so long now you can't remember why. 

 

*It's not. It's like every other recording by U2, putrid beer with cigarette ends floating in it. 

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13 minutes ago, Seat68 said:

Going to make a clumsy analogy here, you get U2 fans who bought the first few albums, loved them and continued to buy them, time went on, the albums got weaker but you still bought it because the Joshua tree* was a blinding album, you can't give up as you invested in it, you are a fan, it's who you are even if they really are not what you are anymore. 

That's the Tories, you were in for Brexit, it was fantastic, but as time has gone on, things change, they aren't you anymore, you are committed though, you gave them your vote but it's been so long now you can't remember why. 

 

*It's not. It's like every other recording by U2, putrid beer with cigarette ends floating in it. 

Yeah, given how tribal Brexit was there will be an element of doubling down to avoid any “told you so”. 

Saying that, I’ve seen plenty of Brexiteers on social media putting the boot into Boris and his parties antics.

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49 minutes ago, Seat68 said:

*It's not. It's like every other recording by U2, putrid beer with cigarette ends floating in it. 

It isn’t. It’s the last album they made before disappearing up their own fundament. It’s a decent album.

Politics and the tories, it’s like there have and always will be only 2 bands, U2 and Coldplay. What a terrible thought.

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3 minutes ago, blandy said:

It isn’t. It’s the last album they made before disappearing up their own fundament. It’s a decent album.

Politics and the tories, it’s like there have and always will be only 2 bands, U2 and Coldplay. What a terrible thought.

Can't get on with them, never could, Joshua tree made them unavoidable. Like the Tories. 

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