Discussion in 'Speaker's Corner' started by Dirk Diggler, Dec 13, 2019.
Was he making any more sense then when he did his UN AI speech?
Apparently a lot of the money being promised are just rehashes of old promises.
It never feels like its Boris actually controlling things. It always seems like its other people.
According to Peston all the money has already been promised, there is no new money. It is just spin and blathering from BoZo. Anyway, come on, £5Bn is supposed to make him the new FDR. Most of that will go to banks and the big four accountancy firms to come up with plans.
It's amazing how they are so constantly rubbish they are. Everything that is ever said is dishonest or spin or distraction
Previous governments used those things as tactics in between actual work being done but this one is just those tactics and nothing else
It's like that person everyone has at work who always puts more time and effort into avoiding work than the actual work would require if they just got on with it
Just imagine if Boris was actually in control *shudders* It'll be like a toddler with a chainsaw.
Besides, he has a history of his member(s) controlling his actions and then denying any responsibility...
So lets compare Boris with Roosevelt.
Pretty much every country is in trouble. The furlough scheme has already cost billions, he's [BJ] said we're not going to have austerity to pay down this crisis at the moment and promised more borrowing and investment. What more could anyone do at this stage. If we borrow too much we'll end up like Venezuela.
Ahh the Venezuelan boogermans.
If it didn't bankrupt the US in 1933, it won't bankrupt us now. The whole point is that the spending pays for itself. Though it'd seem that whole point of this government is to just hand the state over to the Tory grandees so they can have their way with what remains of the taxpayer.
There is also no crisis in terms of current borrowing, not with the interest rates as they are, that's a whopping big carcass of a dead cat.
They kicked the can further down the road rather than getting away with it. You can't just borrow unlimited amounts of money or use it to create unlimited pointless state owned jobs as money will become worth less and inflation will sky rocket along with taxes to cover higher borrowing costs and a larger state.
But those jobs aren't pointless if they're to boost future prosperity.
The one thing that this country needs above all is a massive house-building exercise, especially if we're remotely serious about helping out Hong Kong residents escape the encroaching fascism of the CCP.
To miss this opportunity again will be a much greater disaster, i'm rather tired of living in a country that has no ambition and no leadership.
The public sector jobs won't boost prosperity as everyone else has to pay for them with higher taxes on top of what will eventually likely be higher taxes anyway due to increased borrowing thus far.
As for houses, I would say we need more dwellings / plots rather than houses and these need to be predominantly apartments, high density living in the right places such as cities and close to transport links. You won't make any housing truly affordable without a housing market reset and / or changes to foreign investment and buy to let. Even if some of that happened I doubt the big builders would be rushing to build much on smaller returns.
I think you're conflating leadership and wanting reckless unfettered spending.
Underated quip, have a knowing nod from me.
It's not public sector jobs being created, the money will be pumped into private sector contracts. And there's no worry about inflation any time soon, for multiple reasons, if anything deflation has been more of a concern. And even though we're borrowing more, due to the ridiculously low interests rates, our forecasted cost of borrowing has come down fairly significantly, so we're not going to turn into Venezuela any time soon either
High debt isn't ideal and leaves you vulnerable to a rise in interest rates, but they've been low now for 10+ yes and there's nothing on the economic horizon looking to change that in the short to medium term
Find somebody who wants to rent you theirs, you rent them yours
To an extent, if the economic growth isn't there it doesn't and you do indeed end up with runaway inflation, if your (the government) going to go on a spending spree you also need to increase how many people are working, how many business are doing business, manufacturing, and all that stuff. Increasing those things when we're about to cut ourselves off from one of the largest trading blocks on earth and a ready supply of labor is going to prove difficult, not impossible but certainly risky.
Yeah that's how it seems to me, and great analogy! Every single major issue seems to be met with dishonest bluster rather than anything genuine. World class barrel scrapers.
This 'new deal' and the accompanying PR is unfortunately exactly the kind of thing you'd expect. Part of me wonders if they are working up a bigger plan to implement when the recession really starts to bite, but not sure about that at all!
We've got a plentiful supply of labor without importing more from the EU, thousands are loosing their jobs every day and this is only the beginning of the economic consequences of having to lock down. Also, leaving the EU will allow us more freedom to maneuver and promote business growth without having to negotiate with the EU in the same way as an EU member will have to. Now is the time to be nimble, progressive and adaptable rather than bogged down in EU red tape for the sake of EU uniformity and protected interests of the big EU players.
One of the things being worked on to boost manufacturing is the 1 billion set aside to attract new rechargeable battery manufacture(s) and Elon Musk has already been here viewing sites so we'll see. Not every business closure is bad news it's also part of evolution as the economy evolves.
Has Elon Musk changed his mind then?
However there is a glimmer of hope we might get one factory:
However they need to raise the £4bn from "Scandinavian and Middle Eastern investors" first but lets hope they can. They claim they have every confidence, even with Covid, that they can raise the £4bn needed.
I get the feeling you didn't think that through before saying it because the lock down isn't going to last forever and people aren't loosing their jobs because of lock down, they're losing their jobs because the jobs don't exist anymore, you've conflated the available jobs with how many people are doing jobs.
So tell me, how will this freedom to maneuver and promote business growth be done, what 'maneuvers' are we going to conduct, how are we going to promote business growth at a time that, as you said, thousands are loosing their jobs every day, how is this new found nimbleness be put to use, how are we going to adapt, what progressive steps are we going to take, because you'll have to forgive me for saying this but that all sound like bovine scatological rhetoric.
We'll have to see it's a fluid situation, more so than at any time in living memory. If he's chosen Germany then so be it but this is the same Germany that can't control it's financial system without loosing ~1.9bn (Wirecard). London is still the epicenter of finance and the UK still has a great deal to offer in skills, culture and location. I also think a great many people will pay more attention in the years ahead to who they're spending their money with. I for one would look upon buying a Tesla more favourably if they were manufacturing in the UK.
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