Missed the Theresa May part but I must say Corbyn at least believes in what he says which makes a change for politics. In my opinion if he didn't have himself surrounded with people like Abbott and McDonnell people would be much more inclined to vote for him.
He's thrown a bit of a wobbly on the nuclear weapons questions and as someone said earlier he answers every question in a vague way by expanding the answer in to other things, as I type this he's completely dodged the blokes questions about business' moving abroad (this is one of my big worries)
Corporation tax at 26% still lower than the other G7 countries. There, answered
That literally hasn't answered the question he was asked..
Didn't it? The suggestion was that if Corporation Tax was raised, companies would move to other countries. The response was that Labour's proposal to raise Corporation Tax would still result in the UK having the lowest rates of the other G7 countries, and with CT still being lower that it was in 2010. So, if companies did decide to leave the UK, it would clearly be for other reasons.
Why couldn't they move to Ireland?
Do they want to do business in our very wealthy economy? We are about to leave the EU after all and about to negotiate a lot of new trade deals.
Indeed. However, it'd be easier, and more profitable, to move their registered head office to Ireland and pay corporation tax there. Everything else stays in place for them.
It seems that those that were fretting about business leaving the UK as a result of Brexit, are now advocating trying to further push them away.
The EU consumer will pay 10% more for UK imports to increase EU inflation, or we export to countries that want to trade with us, that's good for the EU?
A 7% corporation tax does not help the economy unless the money government takes away from businesses, that otherwise would have invested, is better invested to improve output and is not pissed up the wall. It's not the motives that are necessarily wrong, it's the idea Corbyn and Abbott and McDonnell have a have a scooby doo how to achieve their aims.
Much more likely is an alliance between the Labour government Unite and Momentum to nationalise everything, fuel wage inflation without productivity gains, burn all the money they raise from tax and borrowing, run out of cash and then blame business and the rich for making the country bankrupt.
In a funny peculiar way I would like to see Corbyn get elected and sit back and watch the fun.
I will not vote Tory out of a genetic abnormality, but through a simple process of elimination of the parties least likely to destroy the economy. That's ignoring the Labour party led by chancers who have spent their attention seeking political careers as "radicals" and now in the uncomfortable position of having to justify and explain their bizarre past activities. If May is winging it Labour are flying on a wing and a prayer.
- Cutting corporation tax has led to an estimated 1/2% increase in the deficit. In addition a two thirds reduction in bank profits since 2007 hasn't really helped. - The 15% devaluation of sterling after the Brexit vote has led to inflation and increased import costs for the NHS - for pharma and medical equipment. Estimated at £1Bn a year or more - On the one hand the Tories cut corporation tax but on the other they reduce aggregate demand by restricting public sector pay and cutting public sector jobs. These are all people all consume in the high street and the wider economy and they spend just about every penny which comes in. - And they refuse to deliver adequate capital investment - in social housing, transport, schools etc. even when interest rates are 1/2% and the government can print free money. - Labour aren't proposing to "nationalise everything" - just the railways and utilities (which might not be the best use of cash) - for sure Abbott and McDonnell are not inspiring but at least they are not lying through their teeth on a daily basis
Obviously anybody can state that government expenditure on services is "pissing money up against the wall". Just as one might justify the deliberate reduction of social care budgets on the basis that the "nation can't afford it". But that is something of an insult to the one million working on the NHS and all those others in the public sector working in schools and other services.
The country can't afford pay rises but it can afford corporation tax cuts to make us the cheapest around in a vain hope that we will win in the battle to locate global business and FDI.
It's vain because global business wants economic and political stability. And that is not something which Brexit delivers. We are about to leave the single biggest market in the world - 44% of our exports go to the EU. Estimates are talking of losing between 20% and half of that 44%. Now that's pissing money against the wall!
Austerity and cutting taxes is a massive con trick based on an ideological approach to smaller government - people are starting to see through it. Possibly not the bigger picture but they are joining the dots of the Labour manifesto which has been crafted over months... and not on the back of a fag packet! The reality is that what is happening is an accelerated programme to reduce the size of the state - the dementia tax is just the first proposal within a whole suite of ideas that will tear down equal access to health and other services.
And the irony is that leave.EU had the audacity to blame the outcome of stagnant living standards, declining services and no new housing on immigrants and the EU! IDS, Johnson and Gove went around telling people all this.
And here's the funny part: Labour kept the Debt:GDP ratio at around 40% from 1997 to 2007 and it then went up to 60% due to the global crash. Bailing out banks, cutting VAT and watching corporation tax receipts disappear does not come cheap. Labour showed global leadership but their successors failed to defend their hard won reputation so Cameron wiped the floor with them. Twice!
So after seven years the responsible conservatives have fixed everything? Not really as Debt: GDP has shot up to 85%. Who are the profligate ones? Labour grew the deficit to bail out banks and save the economy. The Tories have sold Lloyds back to the private sector, failed to solve RBS after ten years and still bleed money all over the show.
The other day May issued dire warnings about failing to secure a good Brexit deal whilst simultaneously threatening to walk away with no deal at all.
Yesterday she states that "if we get a good Brexit deal we have a bright future". What is this good deal of which she speaks? The empress with no clothes methinks! (hope nobody choles on their cornflakes!)
Unfortunately her and Boris have pissed off Europe and never have the 27 been so united... and that's before Trump decided to leave the Paris accord. This has train wreck written all over it! This affects real people and real jobs.
Of course my observations might be wrong and sunny uplands are just over the horizon?
But the manifesto and the fact that we are about to walk away from over 750 EU treaties with the rest of the world (without any replacements) suggests otherwise. I know we will just hire some treaty negotiators and regulators to ensure we show the same standards as our business partners... what was that you were saying about pissing money against the wall?
In plain english the proposal from Farrage and now May is that we repatriate pooled sovereignty across those 750 international agreements so that we "take back control". If the UK doesn't follow banking, aviation and nuclear standards to the letter then we will have no access. So if we do not agree to those same 750 agreements then we are screwed.
Trouble is that we will no longer have any influence on how those sectors evolve nor how they are regulated. These are the subtleties which Remain failed to communicate last year but we are now in a different place. Article 50 is invoked and the train is leaving the station. May and others continually try to talk to individual European leaders and they just say go away - talk to Barnier.
And then Barnier will sit down with Davies and then say - I'll get back to you as I need to talk to the 27.
After 18 months of nothing being agreed we are faced with "no deal". The outcome of this election and the rapid evolution of the political landscape will determine if May is still in charge in 2019.
I digress but the point is relevant - Brexit, risk management and running the economy are inextricably linked. And the Labour Party are suddenly looking competent at all three!
I'm sure the genial landlord will welcome him with open arms if he does....
Actually, whilst I cannot pretend that Izzard is my political soulmate, I have the utmost respect for his physical prowess in running 40 plus marathons in as many days a year or two back.
Labours policies make no sense whatsoever! For example: £10 minimum wage sounds wonderful but it's unrealistic for small businesses and the cost of living would go higher. It won't help when Labour want to increase Corporation Tax so that'd place an extra burden on small and medium sized businesses.
Labour also want to put extra tax on the rich and their businesses- It's all very well doing this but the rich will end up moving to other countries which wouldn't help.
We need to encourage people to start a business and Labour will be doing the exact opposite.
But of course when the shit hits the fan from Labour's mad policies Brexit will be blamed by the hard lefties
Did Theresa May actually answer any questions? Did she even seem as though she wanted to? Yeah she said there are challenges, yeah she said there are tough decisions to be taken, yeah she said she wants a good deal over brexit, she peppered it all with lots about being clear which she wasn't. Theresa may did say she would consult about her Dementia Tax, but I was left wondering if any of her consulting would change the policy, or if she would do a Clough. Apart from mentioning Ken Livingstone by name, which I think Jeremy Corbyn did, I don'r remember him naming anybody else, sorry he mentioned Kier Starmer, but he didn't mention any of the opposition. Theresa May put down opponents by name several times.
Labours policies make no sense whatsoever! For example: £10 minimum wage sounds wonderful but it's unrealistic for small businesses and the cost of living would go higher. It won't help when Labour want to increase Corporation Tax so that'd place an extra burden on small and medium sized businesses.
Labour also want to put extra tax on the rich and their businesses- It's all very well doing this but the rich will end up moving to other countries which wouldn't help.
We need to encourage people to start a business and Labour will be doing the exact opposite.
But of course when the shit hits the fan from Labour's mad policies Brexit will be blamed by the hard lefties
Agree, it's totally nuts - £10ph on a 37.5hr week is equivalent to nearly £20k pa.....
Labours policies make no sense whatsoever! For example: £10 minimum wage sounds wonderful but it's unrealistic for small businesses and the cost of living would go higher. It won't help when Labour want to increase Corporation Tax so that'd place an extra burden on small and medium sized businesses.
Labour also want to put extra tax on the rich and their businesses- It's all very well doing this but the rich will end up moving to other countries which wouldn't help.
We need to encourage people to start a business and Labour will be doing the exact opposite.
But of course when the shit hits the fan from Labour's mad policies Brexit will be blamed by the hard lefties
Theresa May has said there could be 'no deal' over brexit. That sounds like a fan shit combo to me.
We will see how much of a non issue it is over the next few days.
Because it's being spun the wrong way, its fucked me off tonight how they're making a guy wanting world peace and not wanting to destroy the planet as bad publicity, bad ideas, bad leadership.
Funny that Trump wants to use nukes and leave the Paris Accord and the world rightly see's that as bad...
Labour policies are so worrying and hearing Jc go on about them worries me even more. Some of the principles may be good but totally unrealistic. A cost of something like £50bn a year which is basically funded by pie in the sky tax increases likely to raise a fraction of that amount in reality. The lack of insight into how tax raising works in a global economy is frightening. Worse from Labour in their policies but also bad from tories in not challenging them more on them. An example is the proposed tax on derivatives. Currently global companies, in many cases with little presence in UK, do business through London because it is best and most efficient market in the world. Taxing this gives places like Zurich a huge advantage and much of this business will be lost. New tax revenue less than forecast, existing corp tax falls and fewer jobs so less income tax, NI and Vat as well as more unemployment.
May was better than I thought she would be, fairly presentable but very cheeky of her to try and make out this was a proper debate: 6/10. Corbin did well and was quite authoritative until hit by the expected nuclear/IRA questions. I think he edged it 7/10 but you know tomorrows headlines will be all about, 'Masterful May' mauling Corbyn.
May was better than I thought she would be, fairly presentable but very cheeky of her to try and make out this was a proper debate: 6/10. Corbin did well and was quite authoritative until hit by the expected nuclear/IRA questions. I think he edged it 7/10 but you know tomorrows headlines will be all about, 'Masterful May' mauling Corbyn.
Mrs Plum scored it 6/10 for each of them. She mentioned how Macron is a much more impressive politician than anybody in the UK.
Theresa May pulls out the magic money tree for her pals but can't justify more than a 1% pay increase for nurses who she apparently recognises do a good job.
I forgot that Theresa May did actually mention a specific detail. When talking about mental health i believe she actually said that the Conservatives would put a counsellor in every school. Will she pay for that by using a magic money tree?
Labours policies make no sense whatsoever! For example: £10 minimum wage sounds wonderful but it's unrealistic for small businesses and the cost of living would go higher. It won't help when Labour want to increase Corporation Tax so that'd place an extra burden on small and medium sized businesses.
Labour also want to put extra tax on the rich and their businesses- It's all very well doing this but the rich will end up moving to other countries which wouldn't help.
We need to encourage people to start a business and Labour will be doing the exact opposite.
But of course when the shit hits the fan from Labour's mad policies Brexit will be blamed by the hard lefties
Can I suggest you re-read @seriously_red 's post above? It really nails the myth that only the Tories are economically viable...just the reverse actually.
Comments
It seems that those that were fretting about business leaving the UK as a result of Brexit, are now advocating trying to further push them away.
- The 15% devaluation of sterling after the Brexit vote has led to inflation and increased import costs for the NHS - for pharma and medical equipment. Estimated at £1Bn a year or more
- On the one hand the Tories cut corporation tax but on the other they reduce aggregate demand by restricting public sector pay and cutting public sector jobs. These are all people all consume in the high street and the wider economy and they spend just about every penny which comes in.
- And they refuse to deliver adequate capital investment - in social housing, transport, schools etc. even when interest rates are 1/2% and the government can print free money.
- Labour aren't proposing to "nationalise everything" - just the railways and utilities (which might not be the best use of cash)
- for sure Abbott and McDonnell are not inspiring but at least they are not lying through their teeth on a daily basis
Obviously anybody can state that government expenditure on services is "pissing money up against the wall". Just as one might justify the deliberate reduction of social care budgets on the basis that the "nation can't afford it". But that is something of an insult to the one million working on the NHS and all those others in the public sector working in schools and other services.
The country can't afford pay rises but it can afford corporation tax cuts to make us the cheapest around in a vain hope that we will win in the battle to locate global business and FDI.
It's vain because global business wants economic and political stability. And that is not something which Brexit delivers. We are about to leave the single biggest market in the world - 44% of our exports go to the EU. Estimates are talking of losing between 20% and half of that 44%. Now that's pissing money against the wall!
Austerity and cutting taxes is a massive con trick based on an ideological approach to smaller government - people are starting to see through it. Possibly not the bigger picture but they are joining the dots of the Labour manifesto which has been crafted over months... and not on the back of a fag packet! The reality is that what is happening is an accelerated programme to reduce the size of the state - the dementia tax is just the first proposal within a whole suite of ideas that will tear down equal access to health and other services.
And the irony is that leave.EU had the audacity to blame the outcome of stagnant living standards, declining services and no new housing on immigrants and the EU! IDS, Johnson and Gove went around telling people all this.
And here's the funny part: Labour kept the Debt:GDP ratio at around 40% from 1997 to 2007 and it then went up to 60% due to the global crash. Bailing out banks, cutting VAT and watching corporation tax receipts disappear does not come cheap. Labour showed global leadership but their successors failed to defend their hard won reputation so Cameron wiped the floor with them. Twice!
So after seven years the responsible conservatives have fixed everything? Not really as Debt: GDP has shot up to 85%. Who are the profligate ones? Labour grew the deficit to bail out banks and save the economy. The Tories have sold Lloyds back to the private sector, failed to solve RBS after ten years and still bleed money all over the show.
The other day May issued dire warnings about failing to secure a good Brexit deal whilst simultaneously threatening to walk away with no deal at all.
Yesterday she states that "if we get a good Brexit deal we have a bright future". What is this good deal of which she speaks? The empress with no clothes methinks! (hope nobody choles on their cornflakes!)
Unfortunately her and Boris have pissed off Europe and never have the 27 been so united... and that's before Trump decided to leave the Paris accord. This has train wreck written all over it! This affects real people and real jobs.
Of course my observations might be wrong and sunny uplands are just over the horizon?
But the manifesto and the fact that we are about to walk away from over 750 EU treaties with the rest of the world (without any replacements) suggests otherwise. I know we will just hire some treaty negotiators and regulators to ensure we show the same standards as our business partners... what was that you were saying about pissing money against the wall?
In plain english the proposal from Farrage and now May is that we repatriate pooled sovereignty across those 750 international agreements so that we "take back control". If the UK doesn't follow banking, aviation and nuclear standards to the letter then we will have no access. So if we do not agree to those same 750 agreements then we are screwed.
Trouble is that we will no longer have any influence on how those sectors evolve nor how they are regulated. These are the subtleties which Remain failed to communicate last year but we are now in a different place. Article 50 is invoked and the train is leaving the station. May and others continually try to talk to individual European leaders and they just say go away - talk to Barnier.
And then Barnier will sit down with Davies and then say - I'll get back to you as I need to talk to the 27.
After 18 months of nothing being agreed we are faced with "no deal". The outcome of this election and the rapid evolution of the political landscape will determine if May is still in charge in 2019.
I digress but the point is relevant - Brexit, risk management and running the economy are inextricably linked. And the Labour Party are suddenly looking competent at all three!
Actually, whilst I cannot pretend that Izzard is my political soulmate, I have the utmost respect for his physical prowess in running 40 plus marathons in as many days a year or two back.
Labour also want to put extra tax on the rich and their businesses- It's all very well doing this but the rich will end up moving to other countries which wouldn't help.
We need to encourage people to start a business and Labour will be doing the exact opposite.
But of course when the shit hits the fan from Labour's mad policies Brexit will be blamed by the hard lefties
Apart from mentioning Ken Livingstone by name, which I think Jeremy Corbyn did, I don'r remember him naming anybody else, sorry he mentioned Kier Starmer, but he didn't mention any of the opposition.
Theresa May put down opponents by name several times.
That sounds like a fan shit combo to me.
Funny that Trump wants to use nukes and leave the Paris Accord and the world rightly see's that as bad...
The lack of insight into how tax raising works in a global economy is frightening. Worse from Labour in their policies but also bad from tories in not challenging them more on them.
An example is the proposed tax on derivatives. Currently global companies, in many cases with little presence in UK, do business through London because it is best and most efficient market in the world. Taxing this gives places like Zurich a huge advantage and much of this business will be lost. New tax revenue less than forecast, existing corp tax falls and fewer jobs so less income tax, NI and Vat as well as more unemployment.
He is such a childish public school twat. This man is our foreign secretary!
She mentioned how Macron is a much more impressive politician than anybody in the UK.
When talking about mental health i believe she actually said that the Conservatives would put a counsellor in every school.
Will she pay for that by using a magic money tree?
If I passed.
If someone referred to a politician as a Comp school twat that wouldn't go down well would it.