Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#1
Plan `A` has been punctured many times it is only Osborne`s ego and Government
admitting failure that hides the fact we are in a mess with no sign of improvement.
I.M.F. tells Osborne to kick start the Economy now or Britain faces years of depression.
I.M.F. normally diplomatic when addressing countries is more forthright saying the
depression could become a permanent loss of productive capacity......
Confidence is at an all time low and uncertainty is high.....
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#2
Dream on....
One thing is sure, the IMF are not approving of Balls approach which would certainly lead to decades of depression.
I have said it before.
What is missing is supply side reform to generate growth.
That means some proper faster public spending cuts to reduce the tax burden and to make it easier for firms, specially small firms, to hire and fire with a bonfire of obstructive regulation.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#3
On the other hand...
What would help is less of the blunderbuss assault on the population and more thought and action on the stimulus front.
-Adopting the energy-pricing arrangement I have mentioned before. (not my idea, but a good one)
-Ceasing the Head-Line-grabbing nonsense, and wasted expense of, getting people back to work that does not exist and getting those same people back into education and training. (this would require a reassessment and re-branding of the 'potential' workforce as assets and NOT scroungers)
-Freeing-up the Banking regulations so that more of the "Bank of Dave"* can become high street fixtures, to the benefit of local communities.
In short;Educating, training and freeing the populace to earn and spend and save.
*
http://www.channel4.com/programmes/bank-of-daveIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#4
We come down to what is a stimulus.
I would suggest reducing the burden on the private sector and chopping out red tape is itself a stimulus aimed directly at the section of the economy that can dig us out of recession.
But of course we all have to keep this in perspective. The Eurozone crisis is having a dampening effect on the whole world's economy and growth rates in Asia, the USA and Europe are all being downgraded as they are here. But, on the positive side there are good signs of how our businesses are coping with the increase in exports to countries outside of the ailing EU and this demonstrates the potential for further success if Osborne were to really get to grips with getting the dead hand of government out of the way.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#5
What you suggest Barry merely represents a 'semblance' of stimulus, I suggest. In much the same way as the repeated 'money-printing' was to ensure increased lending to SMEs.
The raised-eyebrows of surprise and befuddlement, being the sole response of government to the non-event, do a lot more for the owners of the eyebrows than our economy.
You, Barry, have shot yourself in the foot by arguing that a drop in the top rate of tax would, in like vein to QE, result in marked growth. [no meat, as yet, on them export bones either]
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#6
Tom - a reduction in the top rate of tax, alongside other measures would most certainly help growth. We have not yet seen such a drop as the 45p rate will not be implemented until next year and, besides, 45p is still too high and is only slightly less damaging than the 50p rate.
I have never, at any time, suggested that there is any one single silver bullet that will solve these problems. Domestically it needs a range of supply side measures to help business, some of which I have mentioned here, because it is a simple fact that only businesses can get us out of this mess and governments just get in the way.
Ultimately though, I do not think the economy is going to go far until the Eurozone breaks up but that should not stop the UK doing what it can to ensure its domestic economy is in as good a shape as possible.
Guest 673- Registered: 16 Jun 2008
- Posts: 1,388
#7
A half yearly dividend certificate for the London Chatham and Dover Railway came up on eBay recently. It is dated 1882 and the income tax deduction is shown as 5d in the £ (remembering that the old pound consisted of 240 pence).
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#8
Fascinating, thanks Ed.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#9
240 pennies to the Pound, perhaps denominated into quarters of a penny coinwise and yet:parts of this same Pound do not count for tax purposes. [Then along came WW1.]
This adds a whole new dimension to the current pricing policy of £X.99?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#10
#6
My list is also endless, yet from the off it is set to produce the 'promised' stimulus. No ifs, no buts.
"... only businesses can get us out of this mess..."
As we have seen elsewhere, with this Thomas Pascoe cove, there are to be exports without wages so as to be without imports, but at least with all that he says, he admits of the link between earners & spenders.
With the 'solutions' put forward from your quarter Barry, there is not the least acceptance of the need for disposable income for the mass of the population. Where is the market for what your businesses (supposedly) produce? Is it your thinking that the worker (producing for the 'business') is to be paid mere subsistence wages? Chained to increased indebtedness. Increased indebtedness to some of (the vast majority of, is my guess) these same businesses that you claim to be the saviours of our ailing economy. These same businesses then to claim the increasing debt as an actual asset and, perhaps, parcelling these debts as tradeable assets?
Where have I heard that solution before?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#11
You really must live in a different world Tom, it certainly is not this one. Your concept of business and business attitudes is so far from those of real business people that you may as well be on Mars. This, though, is not unusual for the political left, we see equally strange ideas (and a lot of bigotry) from others of a 'left' persuasion. This whole artificial division of interests between 'the worker' and 'bosses' was even out of date in the 1970's. The employees of any business have a vested interest in the profitability of the business they work in on one hand and on the other hand we can all gain a direct stake in the success of business by the purchase of shares or of collective investments, you can do so for £20 a month upwards.....
There is nobody else, other than businesses, who can create and win the trade to grow our economy and create jobs. That is the only way and we need to ensure that they are 'match fit', lean, and hungry, able to chase down that business they need to win against competition from the Far East and elsewhere. The more costs you pile on them through taxes, beaurocracy and red tape the less fit and able these businesses are to do what we need them to do.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#12
Sad, really. Is it not?
The artificial setting of Coolie-Oriental against Coolie-Occidental.
How businesses, in your own perverse imagining, must become "leaner and fitter" by cheapening and impoverishing the consumer. How a business can exploit a workforce to enhance it's profits, how business must squeeze every drop of 'efficiency' from those it deigns to employ...and that relies, oh so, heavily on Big Government to conjure-up any and all spending power for the bulk of the consuming, that each business 'may' require in order to turn what it produces into hard cash.
Coals to Newcastle, sand to the Arabs and now 'rice' to the far-East?
If, strictly speaking, I were to fight fire-with-fire, I could more correctly be disdainful of the class of hangers-on, of which the IFA is one prime example, than rail against the corrupt and corrupting dogmas and practices of the whole financial framework as it has developed.
But, no.
You may never utter a single word that does not have the overriding purpose of self promotion, but I try to aim a little higher. Even if i say so myself.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#13
Very strange there Tom....
Your myopic view of the world is thankfully not shared by many people. Once again you look for division where there is none and that is what the warped and bankrupt ideology of the left trades on.
Relying on 'big government'? that alone demonstrates how you lack understanding. I have said many times that big government, government in fact, stands in the way and hinders enterprise. We need less government and to leave companies free to compete and win in the world. That is the only way to full employment and improved standards of living for all.
To you though it is all us and them. You see business only as wanting to put people down and not as benefiting people. That says more about you than it does business.
Me, an IFA - a 'hanger on? I can only assume that this little dig is tongue in cheek. You will have no knowledge, of course, of the elderly lady for whom I am devising an investment strategy to make her financially secure for the rest of her life. You will not know about the 65 year old man for whom I was able to find a £66,000 pension fund he did know existed, helping to raise his retirement income from £8000 to well over £12000 as year. You will know nothing about the widow who needed guidance dealing with the financial jungle after her husband died. A hanger-on, me?... if that is what a hanger-on does then we need a lot more hangers on, a hanger on who works long hours and pays £16k plus a year in tax incidentally. Self-promotion, well maybe but who am I to judge, I am no less guilty of that than anyone else on this forum or elsewhere.
I never cease to be amazed how, out argued and with the facts against them, the left wing posters turn to silly and highly personal digs. This has been the second such pettiness today.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#14
we seem back to big government and left wing posters again barry, hardly adds to the argument by labelling someone that disagrees in that way.
i can officially confirm that neither gordon brown or ed balls are responsible for the recent bad weather.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#15
Howard - I was responding directly to what Tom was saying, he speaks from that particular perspective.
As for your last sentence.
I have only ever blamed Brown and the last government for what they really were responsible for and did. I also quote the specifics. Unlike some people what I do not do is blame someone who left office over 20 years ago for the problems of today, when said Brown had uninterrupted 13 years in power in the intervening period.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#16
the problem i have is with all this left/right stuff barry, it is so dated.
the last time we had idealogues leading the two main parties was 30 years ago, now we have pragmatists like dave and previously tony blair.
only at election time does the rhetoric change, this applies right across western europe.
dogma from people like thatcher or foot would be laughed at today.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#17
....40 love Tom....trainer on for opponent suffering from lock jaw.....
Osborne and Cameron suffer from thinking they are always right...they are not alone...
...unfortunately for us they have been so wrong....
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#18
I am not talking about dogma Howard, or ideology. There is a clear left/right divide, not the old social divide or the old divide between capital and labour, I have always said how that is outdated and do so above. This is more about attitudes and there is a clear divide in attitudes being displayed here with a distinct left/right differentiation.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#19
what i read whilst away was the I.M.F., said osbourne has got it wrong
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#20
No Keith - re-read it.
I have said he has got it wrong,many times.
