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Player Coach | 8893 | No Team Selected |
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| Labour are 20 points behind in the polls, only 17% of the electorate believe Corbyn would make a decent PM. The fixed-term parliaments act was put in place to specifically stop governments calling snap elections when the polls suit them.
All May had to do was point to the cliff she wanted Corbyn to lead the Labour Party off and he ran at it like the political moron he is.
Jeremy, engage the peanut you have masquerading as a brain and try and imagine what the political landscape will look like in two years time. An incompetent Brexit agreement, including two years of slap downs for our negotiating team, a health service in ruin and the Scots leaving the U.K. All brought on us by Theresa May. She will have no bunker to hide in, no excuses and will have to face months of election build up.
But no, Jeremy, you're living in a delusional dream world.
The other rumour I heard was that Corbyn was thinking of stepping down in autumn. No wonder May wanted an election now.
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Club Captain | 1401 | No Team Selected |
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| Quote Sal Paradise="Sal Paradise"We have very interest rates which keeps mortgages at very affordable levels we have very low inflation numbers, so whilst wages may not have grown household costs have actually dropped - lower fuel costs, lower food costs etc.
Lower corporation tax means company's have more available cash to invest - if you believe Keynes that is the start of growth in the 10 year cycle - whilst they may not give a damn they will if it keeps them in a job or it means the company has the available cash to pay them?
This is a culture that encourages the best to progress where earnings are basically limitless - so if you are really good this is a great country to maximise the earning potential of your skill set. Why else would so many want to come here as opposed to France, Italy, Spain, Greece, Holland Belgium?
Are you saying crime levels are rising?'"
You're wasting your time, wrencat and his mates simply want Labour in, they have no substantive argument as to why and what Labour would do.
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International Star | 17993 | No Team Selected |
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Apr 2011 | 14 years | |
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| Quote Sal Paradise="Sal Paradise"We have very interest rates which keeps mortgages at very affordable levels we have very low inflation numbers, so whilst wages may not have grown household costs have actually dropped - lower fuel costs, lower food costs etc.
Lower corporation tax means company's have more available cash to invest - if you believe Keynes that is the start of growth in the 10 year cycle - whilst they may not give a damn they will if it keeps them in a job or it means the company has the available cash to pay them?
This is a culture that encourages the best to progress where earnings are basically limitless - so if you are really good this is a great country to maximise the earning potential of your skill set. Why else would so many want to come here as opposed to France, Italy, Spain, Greece, Holland Belgium?
Are you saying crime levels are rising?'"
Where are you measuring from ?
Yes, we have extremely low interest rates but, they were at 0.5% in 2009, so no credit to the Tories for that and wages have been largely stagnant over the same period.
The only social group that is better off, compared to when the Tories cam to power are the over 65's, so , I just dont get where you believe that we are in a better position.
Finally, could you please point out which household costs have reduced over the last 7/8 years as I'm really struggling to find any.
Having said all of this, I dont think that anyone really believes that Labour would control national expenditure better than the current government and their plans to re nationalise some of the utilities is quite scary, although, this is irrelevant as they will be nowhere near in the forthcoming election.
The major benefit for most people has been the extremely low cost of borrowing, which has given many people more cash in their pockets but, the interest rates "crashed" before the Tories came into power.
The danger with the interest rates, though, is the alarming levels of personal debt and IF, inflation starts to increase more quickly, interest rates would have to increase and this would have a massive effect on our potential for growth.
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International Chairman | 14845 | No Team Selected |
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Dec 2001 | 23 years | |
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Oct 2021 | Jul 2021 | LINK |
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| Quote Sal Paradise="Sal Paradise"It will also get us away from low taxation, reasonable growth levels, solid employment levels, increased living standards, an economy that embraces talent, low corporation tax, low crime levels etc.'"
Low taxation - overall tax burden has increased (you seem to fall for the idiocy surrounding the basic rate of income tax)
Reasonable growth levels - growth in what - headline DGP? How does that translate into an improvement in people's day to day lives?
Solid employment levels - yes, although how many are part-time; zero-hours; pensioners carrying on working because of financial need; and the involuntary self-employed?
Increased living standards - not for most people. Still below 2008 levels.
An economy that embraces talent? By under-funding and undervaluing scientific research, etc - ie the only things that can make the country's future prosperous.
Low corporation tax - yes, but is that a good thing? Especially as notwithstanding it being low so many avoid it my transfer-pricing, sale and lease-back arrangements; offshoring intellectual property and royalties; etc. Lower CT means a higher personal tax burden for all UK resident and domiciled taxpayers and reduced funds for public services. Granted dividend payments are enhanced but given the lack of investment returns it hardly helps.
Low crime? Only the other day it was announced there had been a huge increase in violent crime in the capital city, including of knife and gun crime.
Are you reading 19th century newspapers or something?
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Rank | Posts | Team |
International Chairman | 14845 | No Team Selected |
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Dec 2001 | 23 years | |
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Oct 2021 | Jul 2021 | LINK |
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| Quote Sal Paradise="Sal Paradise"We have very interest rates which keeps mortgages at very affordable levels we have very low inflation numbers, so whilst wages may not have grown household costs have actually dropped - lower fuel costs, lower food costs etc.
Lower corporation tax means company's have more available cash to invest - if you believe Keynes that is the start of growth in the 10 year cycle - whilst they may not give a damn they will if it keeps them in a job or it means the company has the available cash to pay them?
This is a culture that encourages the best to progress where earnings are basically limitless - so if you are really good this is a great country to maximise the earning potential of your skill set. Why else would so many want to come here as opposed to France, Italy, Spain, Greece, Holland Belgium?
Are you saying crime levels are rising?'"
Low interest rates are a moral hazard created by the excessive credit and its consequence - the 2008 crisis. Low-interest rates serve to reduce investment returns and so stifle investment. They also result in excessive debt burden being taken on - which will lead to another, deeper crisis. As to affordability, only for those with pre-existing mortgages - who are in effect being subsidised by savers and the prudent. For new borrowers, capital values are higher as a result (ie no more affordability. In fact, if you read a 21st century newspapers you may realise that young people are in fact priced out of the housing market in many areas even where earning several times the national average income).
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Rank | Posts | Team |
International Chairman | 14845 | No Team Selected |
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Dec 2001 | 23 years | |
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Oct 2021 | Jul 2021 | LINK |
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| Quote DHM="DHM"Labour are 20 points behind in the polls, only 17% of the electorate believe Corbyn would make a decent PM. The fixed-term parliaments act was put in place to specifically stop governments calling snap elections when the polls suit them.
All May had to do was point to the cliff she wanted Corbyn to lead the Labour Party off and he ran at it like the political moron he is.
Jeremy, engage the peanut you have masquerading as a brain and try and imagine what the political landscape will look like in two years time. An incompetent Brexit agreement, including two years of slap downs for our negotiating team, a health service in ruin and the Scots leaving the U.K. All brought on us by Theresa May. She will have no bunker to hide in, no excuses and will have to face months of election build up.
But no, Jeremy, you're living in a delusional dream world.
The other rumour I heard was that Corbyn was thinking of stepping down in autumn. No wonder May wanted an election now.'"
Talking of delusional dream worlds - do you really think Jeremy, of the Metropolitan Elite, will be reading your message to him on a rugby league fans website? Do you think he knows or cares what rugby league is?
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Rank | Posts | Team |
International Chairman | 18072 | No Team Selected |
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Feb 2002 | 23 years | |
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Feb 2025 | Feb 2025 | LINK |
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| Quote Dally="Dally"Low taxation - overall tax burden has increased (you seem to fall for the idiocy surrounding the basic rate of income tax)
Reasonable growth levels - growth in what - headline DGP? How does that translate into an improvement in people's day to day lives?
Solid employment levels - yes, although how many are part-time; zero-hours; pensioners carrying on working because of financial need; and the involuntary self-employed?
Increased living standards - not for most people. Still below 2008 levels.
An economy that embraces talent? By under-funding and undervaluing scientific research, etc - ie the only things that can make the country's future prosperous.
Low corporation tax - yes, but is that a good thing? Especially as notwithstanding it being low so many avoid it my transfer-pricing, sale and lease-back arrangements; offshoring intellectual property and royalties; etc. Lower CT means a higher personal tax burden for all UK resident and domiciled taxpayers and reduced funds for public services. Granted dividend payments are enhanced but given the lack of investment returns it hardly helps.
Low crime? Only the other day it was announced there had been a huge increase in violent crime in the capital city, including of knife and gun crime.
Are you reading 19th century newspapers or something?'"
I would say there are are millions of people who have a better standard of living than they did in 2008 - anyone who has had any kind of career development and there will be millions will be in a better position than they were in 2008.
Low CT means corporations can either pay more dividends - benefits most with a pension, can invest in people or projects and they generate more cash that they can decide what to do with rather than the state deciding for them. Has the overall take for CT dropped/increase/stayed the same since the drop in rates?
Growth GDP seems to be growing or is that being made up by the ONS? 2.6% in 2014 etc.
This country is one of the most innovative in the world for its size- what bit of scientific research is not carried out here?
Crime rates have been falling in this country since 2003
I ask again if this country is so bad why do so many want to come and work here as opposed to other sizable economies in Europe?
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International Chairman | 18072 | No Team Selected |
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Feb 2002 | 23 years | |
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| Quote Dally="Dally"Low interest rates are a moral hazard created by the excessive credit and its consequence - the 2008 crisis. Low-interest rates serve to reduce investment returns and so stifle investment. They also result in excessive debt burden being taken on - which will lead to another, deeper crisis. As to affordability, only for those with pre-existing mortgages - who are in effect being subsidised by savers and the prudent. For new borrowers, capital values are higher as a result (ie no more affordability. In fact, if you read a 21st century newspapers you may realise that young people are in fact priced out of the housing market in many areas even where earning several times the national average income).'"
Complete rubbish - low interest only reduce investment returns if you stick the money in the bank. Invested correctly in capital projects low interest rates give very interesting investment opportunities. As a business we can borrow any amount we want at 1.4% over base - guess what we have borrowed substantial sums and invested in a variety of projects which we would not otherwise have as low interest rates shorten ROI time frames considerably
Young people can buy property in a host of places - plenty of cheap property in Bradford, Wakefield, Halifax, Oldham, Rochdale etc. Yes they may not be able to buy in London or Cornwall but there are plenty of places young people can afford to live the fact they choose not to is a different matter
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Player Coach | 4651 | No Team Selected |
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Mar 2010 | 15 years | |
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| Quote Sal Paradise="Sal Paradise"I ask again if this country is so bad why do so many want to come and work here as opposed to other sizable economies in Europe?'"
I can't remember which channel showed it but there was a documentary before the EU referendum following the lives of a few Eastern Europeans preparing to come to the UK. One lad had been researching unskilled factory work and said he could earn more money in one day in the UK than he could earn in Poland in a week.
It didn't really ring true with the experiences I've had of working alongside Eastern Europeans about 17 years ago during a Summer job I had while at Uni. Most of them saw the UK as a stepping stone to the USA and saw UK factory work as 'donkey work for crap pay'. Some of them were massively overskilled for the work they were doing, often fluent in 4 or 5 languages. Whether or not they are now living the American dream... Who knows?
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International Star | 17993 | No Team Selected |
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Apr 2011 | 14 years | |
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| Quote Sal Paradise="Sal Paradise"Complete rubbish - low interest only reduce investment returns if you stick the money in the bank. Invested correctly in capital projects low interest rates give very interesting investment opportunities. As a business we can borrow any amount we want at 1.4% over base - guess what we have borrowed substantial sums and invested in a variety of projects which we would not otherwise have as low interest rates shorten ROI time frames considerably
Young people can buy property in a host of places - plenty of cheap property in Bradford, Wakefield, Halifax, Oldham, Rochdale etc. Yes they may not be able to buy in London or Cornwall but there are plenty of places young people can afford to live the fact they choose not to is a different matter'"
Just taking up on your low interest rates, which, of course are beneficial to anyone borrowing money.
IF inflation continues to rise, which it has slowly begun to do (largely on the back of currency inflation) and still has some way to go, what happens to the millions of people and businesses that have borrowed using "cheap money".
A 0.5 or 1% increase in base bank rates would hit these people very, very hard and any growth in the economy will disappear faster than an ice cube in a tea pot.
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Player Coach | 8893 | No Team Selected |
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May 2006 | 19 years | |
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Apr 2024 | Apr 2024 | LINK |
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| Quote Dally="Dally"Talking of delusional dream worlds - do you really think Jeremy, of the Metropolitan Elite, will be reading your message to him on a rugby league fans website? Do you think he knows or cares what rugby league is?'"
Well, if we're going to talk about pointless posting on a rugby league website I guess I have to bow to your expert opinion.
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International Chairman | 18072 | No Team Selected |
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Feb 2002 | 23 years | |
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| Quote wrencat1873="wrencat1873"Just taking up on your low interest rates, which, of course are beneficial to anyone borrowing money.
IF inflation continues to rise, which it has slowly begun to do (largely on the back of currency inflation) and still has some way to go, what happens to the millions of people and businesses that have borrowed using "cheap money".
A 0.5 or 1% increase in base bank rates would hit these people very, very hard and any growth in the economy will disappear faster than an ice cube in a tea pot.'"
£ is now at c1.20 euro that what it was a two years ago and better than it was three years ago so it could be inflation will fall back especially if oil pricing stabilises.
Given that most banks aren't into giving business overdrafts not a lot, the borrowing will be in the form of loans at fixed interest rates so an increase in interest rates will not impact their existing exposure what it might do is make them consider future borrowing more carefully. You would hope most business will have made hay whilst the sun shines.
Interest rates on ID facilities and the likes are pretty competitive - lots of players out there - pretty secure lending as most debtors will pay up even if you go bust and they will only lend you 90% of the book less if they think matters are looking grim - low risk low rates.
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