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| Quote Sal Paradise="Sal Paradise"Corbyn would be a disaster as a PM - he would do what most Labour governments do tax heavily - and McDonald has already hinted at that anyone on >70k he considers rich and they will be taxed accordingly which must include himself!! - spend on the most inefficient sector i.e. the public sector. He will bring in a maximum earning level which will result in an exodus of talent. You will see the rise of union power once again. If he thinks he can take on the corporates and beat them he really is delusional.
Welcome to the world of theoretical Socialism!! It doesn't work it never has and it never will'"
The only reason why 70k doesn’t go far in this country is because everything is overpriced and the corporates need to be held accountable for ripping everyone off. When it is cheaper to get a flight into mainland Europe than it is to get a train from Leeds to London then something needs to change. Taxpayers would get much better value for money if the railways were nationalised and the heavier tax will be worth it because we will all get better services again.
Parts of the private sector can be just as inefficient as some of the public sector. The private sector does not have a monopoly on efficiency. In the space of a week my complaint recently went from a senior customer service manager to a national manager and a national team manager. How many managers does this private company need to deal with complaints?
The exodus of talent is already happening with many quitting vital jobs over here to get a fairer deal abroad. Brexit has been handled disastrously under the conservatives and more jobs are set to go if they’re re-elected and follow through with a hard Brexit.
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International Chairman | 9565 | No Team Selected |
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May 2002 | 23 years | |
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| Isn't Corbyn now making noises that he won't quit, even if Labour get smashed - at least long enough to change the rules again to make it harder for the Parliamentary party to dominate selections for leadership positions. If ever you wanted evidence that to Jeremy and his mates all that matters is control of the party and not winning an election, there it is.
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International Chairman | 14845 | No Team Selected |
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Dec 2001 | 23 years | |
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| If Corbyn gets out, meets people, gets on the megaphone and uses a massive social media he can will this election. He just needs one hook to engage people. With a Trump it was controversial comments that caused the tweeting idiots faux outrage. That gave him the oxygen of publicity to invigorate a leadership campaign that was going nowhere fast.
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International Chairman | 18094 | No Team Selected |
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Feb 2002 | 23 years | |
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| Quote Dally="Dally"What has the £ / € ex rate to do with the inflation rate?
As to loans - usually expressed as a % above base or LIBOR and so rates do increase with interest rate rises. Even if genuinely fixed at some point they will need renegotiating when conditions and rates are likely to be significantly different.
Low rates and cheap money creating big debts are what caused the 2008 crash. There has been more of the same since and it is likely than the next downturn will be a depression rather than recession. Maybe that's why there is so much warmongering going on at present?'"
Most loans are at an agreed rate for the term of the loan at its inception - otherwise how can you plan an investment if you don't actually know the cost of the funding? Overdrafts are obviously a different matter as is an ID facility which appears to have replaced a lot of overdrafts these days.
Given we import far more than we export I would the exchange rate of the £ wil have a huge impact on the rate of inflation - would you not agree?
What caused the crash was a sector of business that could not be allowed to go bust i.e. banking. Most commercial businesses would have simply gone out of business and there would not have been the need to bail them out. Banks knew they had a get out of jail card no matter how they behaved - which was appallingly and most of the directors should have been struck off IMO.
Personal debt is too high I would agree with you but there will be a balancing of this as its part of cycle. As soon as interest rates increase even by 1/2% demand for new borrowing will decrease it is just a question of time
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Player Coach | 4655 | Wakefield Trinity |
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Mar 2010 | 15 years | |
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| Quote Sal Paradise="Sal Paradise"What caused the crash was a sector of business that could not be allowed to go bust i.e. banking. Most commercial businesses would have simply gone out of business and there would not have been the need to bail them out. Banks knew they had a get out of jail card no matter how they behaved - which was appallingly and most of the directors should have been struck off IMO.'"
When the bubble burst in 2008 there should have been an example made and it should have been 'day zero'. Instead the bubble was patched up and re-inflated to carry on with this ponzi scheme circus of an economy.
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International Chairman | 14845 | No Team Selected |
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| Quote Sal Paradise="Sal Paradise"
Given we import far more than we export I would the exchange rate of the £ wil have a huge impact on the rate of inflation - would you not agree?'"
You mentioned specifically the Euro rate rather than, say, the dollar rate. The stuff we buy from Europe can be substituted e.g. German cars for British made ones, fancy food and wines from other places, etc. So no specific need to impact on inflation, other than via business supply chains, which again could generally be substituted over time.
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International Star | 18001 | Wakefield Trinity |
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Apr 2011 | 14 years | |
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| Quote Dally="Dally"You mentioned specifically the Euro rate rather than, say, the dollar rate. The stuff we buy from Europe can be substituted e.g. German cars for British made ones, fancy food and wines from other places, etc. So no specific need to impact on inflation, other than via business supply chains, which again could generally be substituted over time.'"
Have you not seen the value of the £ against the $.
1.43 last Jan to 1.24 today, a 17/18% drop ??
Although suppliers can close their eyes in the short term, these changes have a direct effect on the cost of goods that we all buy on the high street.
On the flip side, a weak currency certainly helps exports.
If only we had a strong manufacturing sector in the UK.................
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International Chairman | 4961 | London Skolars |
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Jun 2002 | 23 years | |
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| I'll be voting Labour 100%
The Tories "hammer the young/poor/low paid/disabled + tax breaks for the rich" policies don't sit well with me at all.
Where as Corbyn has his faults, but he's a man of principle who is struggling to adapt to the phoney world of front bench politics. The policies are pretty good and I feel investment in the North is much better safeguarded by a Labour Government.
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| How could you vote for anything other than 100%? Put a single line instead of a cross in the box?
When you say Corbyn is a man of principle, shouldn't that translate to accepting that his MPs can and should vote against him on the basis of conscience? That's the flag he hid behind when doing so umpteen times. I'd also argue that if he was genuinely principled, his aim should be to get his party into power. If he can't he should quit and let someone else have a go. Otherwise he's actually letting down all Labour supporters, except for the mindless few who think running the Labour party is more important than running the country.
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International Chairman | 18094 | No Team Selected |
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| Quote TrinityIHC="TrinityIHC"I'll be voting Labour 100%
The Tories "hammer the young/poor/low paid/disabled + tax breaks for the rich" policies don't sit well with me at all.
Where as Corbyn has his faults, but he's a man of principle who is struggling to adapt to the phoney world of front bench politics. The policies are pretty good and I feel investment in the North is much better safeguarded by a Labour Government.'"
The problem is his naivety - what does he actually think he going to do about the 'tax dodgers' these are companies/individuals using legitimate tax avoidance methods to reduce the amounts of tax they pay. Does he honestly think he is going to get the likes of Green and Ashley to pay more? If he changes the rules you will end up with less tax take. Putting CT back to 30% isn't going to increase the tax take it will probably have the opposite effect.
Next its Southern Rail - so he wants to re-nationalise the railways. So commuters see the impact unions have on a business that is trying to run more efficiently can you imagine what it would be like if the railway was in public ownership!! If Labour got in you would see a huge swing in power to the unions and we have seen this week in Unite what happens when you expose their true practises and challenge the status quo.
Next there is going to be a cap on what companies can pay their top performers - that should be fun in the PL!! Its naive rhetoric from bunch of idealists who haven't had a job outside of politics and have no connection to ordinary working people.
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International Chairman | 4961 | London Skolars |
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| Quote BrisbaneRhino="BrisbaneRhino"How could you vote for anything other than 100%? Put a single line instead of a cross in the box?
When you say Corbyn is a man of principle, shouldn't that translate to accepting that his MPs can and should vote against him on the basis of conscience? That's the flag he hid behind when doing so umpteen times. I'd also argue that if he was genuinely principled, his aim should be to get his party into power. If he can't he should quit and let someone else have a go. Otherwise he's actually letting down all Labour supporters, except for the mindless few who think running the Labour party is more important than running the country.'"
No I mean i'm 100% decided.
I think he can and does accept his MP's voting against him, just not when its deliberately done to sabotage the party and having Blairs old crew trying to derail him at every opportunity.
He's also obviously trying to get Labour in, it's a long shot according to the polls but stranger things have happened recently.
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