The General Election - June 8th 2017

TelMc32 said:

Dippenhall said:

Red_in_SE8 said:

Dippenhall said:

PragueAddick said:

@Dippenhall

Lots to consider there as usual. I'll be fact checking a lot of your assertions with my Swedish mate. dont worry, he is far to the right of me, and is CEO of Haki, a scaffolding company. Nevertheless....

In the meantime, i am glad you brought up the issue of economic predictions of Remainers. I tried to explain ad nauseam that no sensible person with any economic background was predicting instant recession. My personal prediction was that we would see U.K. growth slowing to a rate lower than that in leading euro zone countries. ( wheats for most of last year it was outperforming most, as much touted by Bojo and co.

In that regard, what then are your comments about the Q1 GDP growth figures for,the U.K., and for the euro zone?

Never disputed the possibility of Brexit causing a short term drop in growth. Consumption is what drives our economy and anything that reduces consumer spending will hit output. There would be no double standards if I voted for Brexit, Corbyn and a recession.

If following Brexit, (the dumbest decision in the history of the World I am reliably informed), results in a 3% increase in unit cost of production, or even 10% on some goods, by way of EU tariffs, and is a disaster for UK profitability, can someone tell me why a 7% hit on actual profits themselves will have no impact on UK business that concerns a Corbyn Remain voter. Answers on the back of stamp.

Who will benefit from the 10% tariffs? The EU economy.

Who will benefit from a 7% increase in corporation tax? The UK economy.

The increase in corporation tax will help fund government investment in education, training, NHS and transport infrastructure to name just a few things. Government investment in big ticket items like these leads to increased GDP in the longer term, increased consumer demand and bigger profits for UK companies.

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.

@Dippenhall I always read your posts with interest, but I am always fascinated by this notion that the Conservatives are better custodians of the economy than Labour.

These guys run a lot of analysis on Public Spending, Budget Deficits, Public Investment, Public Debt and Unemployment. Labour come out very well on all points and appear to be more fiscally conservative than, well, the Conservatives.

http://www.primeeconomics.org/articles/taq30tk04ljnvpyfos059pp0w7gnpe


Full Fact seem to suggest that performance of both parties over more recent years has been pretty similar and Labour were overseeing a pretty steady ship - to be expected in a growing economy - until the GFC.
https://fullfact.org/economy/labour-and-conservative-records-national-debt/

I'm not sure there's anything to suggest that the Conservatives are so much better managing the economy. Other than the usual suspects of Fleet Street and other forms of Murdoch media telling us that is the case.

I'm not saying I believe everything in the Labour manifesto will be delivered - no government ever does - but they have had a go at costing it and independent analysis has been only as critical of them as they have of the Conservatives.

I would be interested in understanding why you believe the Conservatives will be less likely to ruin the economy, which I am not convinced they have handled that well in the last 7 years.

guinnessaddick said:

She can find money for Trident, how about spending some of that money on the police?