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"Where does it say 'largely' down to increase in benefits? Plus it's also down to the energy support scheme and paying higher interest payments on Government debt.." The details are in the ONS report for May. Yes, some exceptional payouts, and also index-linked pensions and dept payments. A perfect storm of public expenditure. But it still means we are up to our necks in debt. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. " This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. " If we paid people a proper wage they’d not need benefits and top-ups. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. " Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. If we paid people a proper wage they’d not need benefits and top-ups." Whilst I agree with the sentiment, most people in the UK are employed by SME. Paying more pushes inflation higher again. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. If we paid people a proper wage they’d not need benefits and top-ups." Fully agree with this. No person putting in a full weeks work should then require top-benefits. It's demeaning and demotivating. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. " The "exceptional" payments for COVID really are just that. Incredibly large and specific. The debt run-up is now also being paid back at higher rates with each additional round of borrowing, which makes the calculation bleaker. However, for years the UK taxpayer has subsidised large company profits. The state has stepped in to subsidise basics which should be paid for by a wage. Meanwhile the low wages lead to larger corporate profits which have all sorts of ways to avoid tax which a paycheck wouldn't. So yes, we are probably living beyond our means, but not just because people are lazy and soft. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. If we paid people a proper wage they’d not need benefits and top-ups." A recent newspaper report said a restaurant owner was paying staff £4 an hour he got a small fine & was allowed to carry on the business | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. " The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. " The increase (versus last May debt increase) was driven by : 3.4bn staff costs, 1.4bn subsidies (largely energy schemes) and 2.9bn inflationary increase in social benefits. So the shock message here is that debt is going up because of costs are going up with inflation. I'm guessing tax income isnt. I have no idea how much benefits are as a percentage of debt. Couldn't see it see it on the ons article. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them." Maybe you missed the £1.8 billion that fossil fuels just cost the country? In anycase. I know you don't want to understand climate change, or energy costs etc. So we can skip this point or the thread will descend into another anti-science ranting festival. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. The "exceptional" payments for COVID really are just that. Incredibly large and specific. The debt run-up is now also being paid back at higher rates with each additional round of borrowing, which makes the calculation bleaker. However, for years the UK taxpayer has subsidised large company profits. The state has stepped in to subsidise basics which should be paid for by a wage. Meanwhile the low wages lead to larger corporate profits which have all sorts of ways to avoid tax which a paycheck wouldn't. So yes, we are probably living beyond our means, but not just because people are lazy and soft." I think the exceptional payments were energy subsidy related in May. We have foolishly become a low-wage economy instead of investing in automation. Excessive profits and crazy bonuses are bad, but we everyday businesses need to make a fair profit, or why else would shareholders invest in them? Most people are not 'lazy and soft', but still far too many settle happily into a benefits lifestyle. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. If we paid people a proper wage they’d not need benefits and top-ups. A recent newspaper report said a restaurant owner was paying staff £4 an hour he got a small fine & was allowed to carry on the business " Argos, Amazon , WHSmiths and a number of other companies all failed to pay the minimum wage aswell | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them." Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. " popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. " The longer we leave it, the greater the cost, and coincidentally, the greater the profits for the fossil fuels industry (although I am sure this is coincidental). | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Maybe you missed the £1.8 billion that fossil fuels just cost the country? In anycase. I know you don't want to understand climate change, or energy costs etc. So we can skip this point or the thread will descend into another anti-science ranting festival. " Not at all. As I said before. We moved to green. We decided against nnclear and fossil. Wind should supply roughly 50% or more of our domestic energy needs. I think full capacity is 62%? When will d doesn't blow. The cost of gas is a direct result of moving the wind. So it's a cost of green policy. Because we didn't buy bigger supply contracts, we didn't invest in gas extraction or nuclear. So it's a cost bearable to the green policy. As a crude comparison. If I buy a Tesla and my friend buys a petrol car. And we go to drive 500 miles He has the direct cost of the fuel. When I breakdown after the 300 mile range is exhausted and they send out to a tow truck to tow me the remaining 200 miles. The cost of the truck fuel, call put etc is a direct result of the policy to buy Tesla. Not the unleaded fuel price. A great thread on it if you Google this on twitter "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." By @loftusteve | |||
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"I think we need a pause on non essential spending, starting with any payments being made to energy firms and any project that has no significant short term gain. Any legal actions should be managed with forced delays and renegotiation should take priority. I would want to see significant improvements on the value add for the money being spent anywhere, and if departments cannot demonstrate the ROI or value add the money allotted will be paused until the start of the next financial year, were the process of ROI and value add will begin again. Finally I would like to know that talks with Ukraine are covering off the rebuilding of infrastructure and services and the UK are at the table as suppliers in equal measure to the US. " Maybe a proper plan on how to limit some of the damage Brexit is doing to the economy and British businesses. Rejoining wouldn't simply undo all the problems caused. I don't think there is a simple solution, but there should be a project undertaken to look at what needs to be done. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. The "exceptional" payments for COVID really are just that. Incredibly large and specific. The debt run-up is now also being paid back at higher rates with each additional round of borrowing, which makes the calculation bleaker. However, for years the UK taxpayer has subsidised large company profits. The state has stepped in to subsidise basics which should be paid for by a wage. Meanwhile the low wages lead to larger corporate profits which have all sorts of ways to avoid tax which a paycheck wouldn't. So yes, we are probably living beyond our means, but not just because people are lazy and soft. I think the exceptional payments were energy subsidy related in May. We have foolishly become a low-wage economy instead of investing in automation. Excessive profits and crazy bonuses are bad, but we everyday businesses need to make a fair profit, or why else would shareholders invest in them? Most people are not 'lazy and soft', but still far too many settle happily into a benefits lifestyle." Yup. Its been a problem for 2 decades. Why invest in a machine for 20m which may need repairs or breakdown. When year on year you can hire cheap labour for 500k. The risk rewards just isn't there. Which depresses wages because of unlimited immigration and stopped productivity growth because . Well machines re quicker than humans. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Maybe you missed the £1.8 billion that fossil fuels just cost the country? In anycase. I know you don't want to understand climate change, or energy costs etc. So we can skip this point or the thread will descend into another anti-science ranting festival. Not at all. As I said before. We moved to green. We decided against nnclear and fossil. Wind should supply roughly 50% or more of our domestic energy needs. I think full capacity is 62%? When will d doesn't blow. The cost of gas is a direct result of moving the wind. So it's a cost of green policy. Because we didn't buy bigger supply contracts, we didn't invest in gas extraction or nuclear. So it's a cost bearable to the green policy. As a crude comparison. If I buy a Tesla and my friend buys a petrol car. And we go to drive 500 miles He has the direct cost of the fuel. When I breakdown after the 300 mile range is exhausted and they send out to a tow truck to tow me the remaining 200 miles. The cost of the truck fuel, call put etc is a direct result of the policy to buy Tesla. Not the unleaded fuel price. A great thread on it if you Google this on twitter "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." By @loftusteve" Yep. This is what I wanted to avoid. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. " Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. " They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. | |||
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"I think we need a pause on non essential spending, starting with any payments being made to energy firms and any project that has no significant short term gain. Any legal actions should be managed with forced delays and renegotiation should take priority. I would want to see significant improvements on the value add for the money being spent anywhere, and if departments cannot demonstrate the ROI or value add the money allotted will be paused until the start of the next financial year, were the process of ROI and value add will begin again. Finally I would like to know that talks with Ukraine are covering off the rebuilding of infrastructure and services and the UK are at the table as suppliers in equal measure to the US. Maybe a proper plan on how to limit some of the damage Brexit is doing to the economy and British businesses. Rejoining wouldn't simply undo all the problems caused. I don't think there is a simple solution, but there should be a project undertaken to look at what needs to be done. " I agree, and this is something that was a known when leave was announced, any deal we have with the EU will need to be renegotiated as it will not be a straight fit. There will be costs to that the the UK will need to shoulder but it should be spun up now under a continual service improvement budget that I hope was baked into the exit costings. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it." https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices." do you think voters will vote with true conservatism? The difficult bit, not the tax cut bit? | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/" "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. | |||
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"I think we need a pause on non essential spending, starting with any payments being made to energy firms and any project that has no significant short term gain. Any legal actions should be managed with forced delays and renegotiation should take priority. I would want to see significant improvements on the value add for the money being spent anywhere, and if departments cannot demonstrate the ROI or value add the money allotted will be paused until the start of the next financial year, were the process of ROI and value add will begin again. Finally I would like to know that talks with Ukraine are covering off the rebuilding of infrastructure and services and the UK are at the table as suppliers in equal measure to the US. Maybe a proper plan on how to limit some of the damage Brexit is doing to the economy and British businesses. Rejoining wouldn't simply undo all the problems caused. I don't think there is a simple solution, but there should be a project undertaken to look at what needs to be done. I agree, and this is something that was a known when leave was announced, any deal we have with the EU will need to be renegotiated as it will not be a straight fit. There will be costs to that the the UK will need to shoulder but it should be spun up now under a continual service improvement budget that I hope was baked into the exit costings. " I don't think any party is bringing this to the table though. Not even the Lib Dems. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/" Yeah he deals.with this in his thread. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on." Not read article just your quote but how bloody typical! The slooooooow moving machinery of Govt to change legislation and regulations (which can actually happen far more quickly if things are a Govt priority). Always the little guy getting screwed over...taxpayers and consumers! | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on." It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices." Was Truss ‘true conservatism’ ?  | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. Not read article just your quote but how bloody typical! The slooooooow moving machinery of Govt to change legislation and regulations (which can actually happen far more quickly if things are a Govt priority). Always the little guy getting screwed over...taxpayers and consumers!" Ita not just the UK but EU a d some US states too. It just says that none of them actually care about consumers to me. | |||
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"Where does it say 'largely' down to increase in benefits? Plus it's also down to the energy support scheme and paying higher interest payments on Government debt.. The details are in the ONS report for May. Yes, some exceptional payouts, and also index-linked pensions and dept payments. A perfect storm of public expenditure. But it still means we are up to our necks in debt." I also used the ONS report but couldn't find where they specifically said largely down to any single factor.. It seems to be the case I agree that us and other economies continually live in debt.. It's not sustainable.. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. Not read article just your quote but how bloody typical! The slooooooow moving machinery of Govt to change legislation and regulations (which can actually happen far more quickly if things are a Govt priority). Always the little guy getting screwed over...taxpayers and consumers! Ita not just the UK but EU a d some US states too. It just says that none of them actually care about consumers to me." Twas ever thus! | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. If we paid people a proper wage they’d not need benefits and top-ups. Fully agree with this. No person putting in a full weeks work should then require top-benefits. It's demeaning and demotivating. " This..
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. If we paid people a proper wage they’d not need benefits and top-ups. Fully agree with this. No person putting in a full weeks work should then require top-benefits. It's demeaning and demotivating. " Well said | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ? "Much truer. And ironically her policy wouldn't have led to higher spending and borrowing. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing."Her ‘experiment ‘ spectacularly failed, nobody will ever vote for that | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing."tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ? | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.
Her ‘experiment ‘ spectacularly failed, nobody will ever vote for that "It didn't. It was enver implemented. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.
Her ‘experiment ‘ spectacularly failed, nobody will ever vote for that
It didn't. It was enver implemented. "Thankfully, just the thought of it crashed the markets, nobody will ever vote for that shambles | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ? "Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.
Her ‘experiment ‘ spectacularly failed, nobody will ever vote for that
It didn't. It was enver implemented.
Thankfully, just the thought of it crashed the markets, nobody will ever vote for that shambles "The markets had begun going down considerably beforehand as we have already been over and the bofe intervention stopped it going worse doing its job it's meant to do From the on improvement I gdp a d tax receipts instead we got a higher debt. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.
Her ‘experiment ‘ spectacularly failed, nobody will ever vote for that
It didn't. It was enver implemented.
Thankfully, just the thought of it crashed the markets, nobody will ever vote for that shambles
The markets had begun going down considerably beforehand as we have already been over and the bofe intervention stopped it going worse doing its job it's meant to do
From the on improvement I gdp a d tax receipts instead we got a higher debt."It was a disaster, nobody will vote for that , Truss and Kwartang were pathetically inept | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading." You need to stop telling these fibs, Morley. You’ll grow out of it  | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it "You didnt read it before replying. We k ow you didn't. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing."Low tax = Low investment = failing services | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.
Low tax = Low investment = failing services"tell Ireland That | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't."We know you get a lot of information from Dubious twitter ‘sources’ that don’t add up to squat. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.
Low tax = Low investment = failing services"In fact. This is the most economically illiterate piece I have ever read on here | |||
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| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat. "‘All’ his information | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat. "Feel free to debunk the thread I highlighted above. I await | |||
(closed, thread got too big) | |||
| Reply privately |
| |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat.
Feel free to debunk the thread I highlighted above.
I await "I posted a piece pointing out that green energy costs continue to fall You’re welcome. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat. "Did you bother to read the sources information? How about actually discussing what was written rather than attacking a poster because you don't like him. At least read what he writes and attempt to debunk it. BTW, yesterday you were complaining about being called a liar and now you're calling someone a liar 
Fancy replying to the quote I picked from your article? Or is this just gonna turn into another shambles thread? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.
Her ‘experiment ‘ spectacularly failed, nobody will ever vote for that
It didn't. It was enver implemented.
Thankfully, just the thought of it crashed the markets, nobody will ever vote for that shambles
The markets had begun going down considerably beforehand as we have already been over and the bofe intervention stopped it going worse doing its job it's meant to do
From the on improvement I gdp a d tax receipts instead we got a higher debt.
It was a disaster, nobody will vote for that , Truss and Kwartang were pathetically inept "Indeed. The very prospect of their policies being enacted was enough to send shockwaves through the economy | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat.
Did you bother to read the sources information?
How about actually discussing what was written rather than attacking a poster because you don't like him. At least read what he writes and attempt to debunk it.
BTW, yesterday you were complaining about being called a liar and now you're calling someone a liar
Fancy replying to the quote I picked from your article? Or is this just gonna turn into another shambles thread?"Another shambles I feel. | |||
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| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat.
Did you bother to read the sources information?
How about actually discussing what was written rather than attacking a poster because you don't like him. At least read what he writes and attempt to debunk it.
BTW, yesterday you were complaining about being called a liar and now you're calling someone a liar
Fancy replying to the quote I picked from your article? Or is this just gonna turn into another shambles thread?"I never called you a liar - I said you get a lot of info from dubious sources, and also gave an article that backed up my point. I’m out now, work calls. Ciao. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat.
Feel free to debunk the thread I highlighted above.
I await
I posted a piece pointing out that green energy costs continue to fall
You’re welcome."The problem is your piece didn't address what the twitter thread did. The twitter thread debunked what was I the piece.  | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat.
Did you bother to read the sources information?
How about actually discussing what was written rather than attacking a poster because you don't like him. At least read what he writes and attempt to debunk it.
BTW, yesterday you were complaining about being called a liar and now you're calling someone a liar
Fancy replying to the quote I picked from your article? Or is this just gonna turn into another shambles thread?
I never called you a liar - I said you get a lot of info from dubious sources, and also gave an article that backed up my point.
I’m out now, work calls. Ciao."Its OK fun fella. You can come back at ANY point in the next week with a debunking of the twitter feed. I wait. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat.
Did you bother to read the sources information?
How about actually discussing what was written rather than attacking a poster because you don't like him. At least read what he writes and attempt to debunk it.
BTW, yesterday you were complaining about being called a liar and now you're calling someone a liar
Fancy replying to the quote I picked from your article? Or is this just gonna turn into another shambles thread?
I never called you a liar - I said you get a lot of info from dubious sources, and also gave an article that backed up my point.
I’m out now, work calls. Ciao."You didn't call me a liar no, you did Morley though. Do I need to quote it for you? I replied with a quote from your article. Fancy discussing it? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them." Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. The "exceptional" payments for COVID really are just that. Incredibly large and specific. The debt run-up is now also being paid back at higher rates with each additional round of borrowing, which makes the calculation bleaker. However, for years the UK taxpayer has subsidised large company profits. The state has stepped in to subsidise basics which should be paid for by a wage. Meanwhile the low wages lead to larger corporate profits which have all sorts of ways to avoid tax which a paycheck wouldn't. So yes, we are probably living beyond our means, but not just because people are lazy and soft. I think the exceptional payments were energy subsidy related in May. We have foolishly become a low-wage economy instead of investing in automation. Excessive profits and crazy bonuses are bad, but we everyday businesses need to make a fair profit, or why else would shareholders invest in them? Most people are not 'lazy and soft', but still far too many settle happily into a benefits lifestyle." We have not become a low wage economy purely because of lack of automation investment, although that is the story for some parts of the economy. We are massively underinvested compared to the rest of the G7 and beyond. That was a choice not driven purely by labour supply. It's driven by short-termism. Fruit picking, shelf stacking, cleaning and hospitality and care are not easily automated sectors but we have chosen to underpay people working in them whilst allowing companies to draw huge profits. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.
Low tax = Low investment = failing services tell Ireland
That
"Ireland is in recession, and there awful wealth disparity. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing."thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.
Low tax = Low investment = failing services tell Ireland
That
Ireland is in recession, and there awful wealth disparity. "Ireland are in recession but as we keep being told 'if you've experiegrowth but started from shit then it's still shit', the same is also true in reverse re. Ireland. | |||
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"I think we need a pause on non essential spending, starting with any payments being made to energy firms and any project that has no significant short term gain. Any legal actions should be managed with forced delays and renegotiation should take priority. I would want to see significant improvements on the value add for the money being spent anywhere, and if departments cannot demonstrate the ROI or value add the money allotted will be paused until the start of the next financial year, were the process of ROI and value add will begin again. Finally I would like to know that talks with Ukraine are covering off the rebuilding of infrastructure and services and the UK are at the table as suppliers in equal measure to the US. " "No significant short-term gain" is pretty much at the route of all of our problems. We have spent generations only looking at short-term benefits with the time horizon getting progressively shorter. Long-term strategic think and investment for long-term growth has become progressively more rare. We don't plant trees anymore and if we do it is cheap pines not valuable Oaks. | |||
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"I think we need a pause on non essential spending, starting with any payments being made to energy firms and any project that has no significant short term gain. Any legal actions should be managed with forced delays and renegotiation should take priority. I would want to see significant improvements on the value add for the money being spent anywhere, and if departments cannot demonstrate the ROI or value add the money allotted will be paused until the start of the next financial year, were the process of ROI and value add will begin again. Finally I would like to know that talks with Ukraine are covering off the rebuilding of infrastructure and services and the UK are at the table as suppliers in equal measure to the US. "No significant short-term gain" is pretty much at the route of all of our problems. We have spent generations only looking at short-term benefits with the time horizon getting progressively shorter. Long-term strategic think and investment for long-term growth has become progressively more rare. We don't plant trees anymore and if we do it is cheap pines not valuable Oaks." Short term gains may well be at the root of our problems but that's the society we live in. Take Brexit as a blatant example, people want benefits right now, they don't want them in 5,10,20 years. We only have ourselves to blame re. short termism | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Maybe you missed the £1.8 billion that fossil fuels just cost the country? In anycase. I know you don't want to understand climate change, or energy costs etc. So we can skip this point or the thread will descend into another anti-science ranting festival. Not at all. As I said before. We moved to green. We decided against nnclear and fossil. Wind should supply roughly 50% or more of our domestic energy needs. I think full capacity is 62%? When will d doesn't blow. The cost of gas is a direct result of moving the wind. So it's a cost of green policy. Because we didn't buy bigger supply contracts, we didn't invest in gas extraction or nuclear. So it's a cost bearable to the green policy. As a crude comparison. If I buy a Tesla and my friend buys a petrol car. And we go to drive 500 miles He has the direct cost of the fuel. When I breakdown after the 300 mile range is exhausted and they send out to a tow truck to tow me the remaining 200 miles. The cost of the truck fuel, call put etc is a direct result of the policy to buy Tesla. Not the unleaded fuel price. A great thread on it if you Google this on twitter "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." By @loftusteve" We didn't subsidise has extraction. The price we pay is set by the global market. More UK gas doesn't change how much the consumer pays. The electricity price is still defined by the gas price as the most expensive generator. The cost of petrol or diesel is defined by OPEC varying production to maximise profits. Both are highly influenced by geopolitics. The lack of investment in nuclear twenty or more years ago is telling and returns to the point about short-term thinking by business and government. All nuclear projects are underwritten by the taxpayer. We failed to invest in the grid storage needed to bin off much of the base load requirement. That will change. An electric vehicle does not "break down" when it runs out of energy any more than running the tank dry of petrol or diesel. Petrol stations were built at great cost over decades. The same is needed faster for EV charging. All would have been cheaper and at a slower pace if the need to transition due to climate change wasn't denied and delayed for decades. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading." The point is that renewables are cheaper and fossil fuels are inflating the cost to the consumer both because of the pricing system and the fact that we have no control over fossil fuel prices. It contradicts what you're pushing but you seem unaware of it. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.""Smaller fiscal policy attempts to run a surplus" by cutting tax to the wealthy, cutting income whilst maintaining spending. That is what an "unfunded tax cut is". Then "trickle down economics" making everyone magically richer. It has never worked except for the wealthy. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.
Her ‘experiment ‘ spectacularly failed, nobody will ever vote for that
It didn't. It was enver implemented.
Thankfully, just the thought of it crashed the markets, nobody will ever vote for that shambles
The markets had begun going down considerably beforehand as we have already been over and the bofe intervention stopped it going worse doing its job it's meant to do
From the on improvement I gdp a d tax receipts instead we got a higher debt."Still don't understand that markets function in anticipation of events as much as a consequence of them then. | |||
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"I think we need a pause on non essential spending, starting with any payments being made to energy firms and any project that has no significant short term gain. Any legal actions should be managed with forced delays and renegotiation should take priority. I would want to see significant improvements on the value add for the money being spent anywhere, and if departments cannot demonstrate the ROI or value add the money allotted will be paused until the start of the next financial year, were the process of ROI and value add will begin again. Finally I would like to know that talks with Ukraine are covering off the rebuilding of infrastructure and services and the UK are at the table as suppliers in equal measure to the US. "No significant short-term gain" is pretty much at the route of all of our problems. We have spent generations only looking at short-term benefits with the time horizon getting progressively shorter. Long-term strategic think and investment for long-term growth has become progressively more rare. We don't plant trees anymore and if we do it is cheap pines not valuable Oaks. Short term gains may well be at the root of our problems but that's the society we live in. Take Brexit as a blatant example, people want benefits right now, they don't want them in 5,10,20 years. We only have ourselves to blame re. short termism" It's not the society that China, Korea Japan and even France, Germany, the Netherlands and chunks of the USA live in. It is the society that we live in. We do not all have to accept it, but we as a society choose to. We all vote for easy answers with quick solutions which we know don't exist but do so again and again. Knowing what the benefits of Brexit are and what their value might be over the unspecified time frame compared to the losses might help that impatience... | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat.
Did you bother to read the sources information?
How about actually discussing what was written rather than attacking a poster because you don't like him. At least read what he writes and attempt to debunk it.
BTW, yesterday you were complaining about being called a liar and now you're calling someone a liar
Fancy replying to the quote I picked from your article? Or is this just gonna turn into another shambles thread?
I never called you a liar - I said you get a lot of info from dubious sources, and also gave an article that backed up my point.
I’m out now, work calls. Ciao.
Its OK fun fella. You can come back at ANY point in the next week with a debunking of the twitter feed.
I wait. "Nobody has to "debunk" a Twitter thread. They are the opinions of random individuals arguing whatever perspective they favour with selective data or just lying. It's no different to what happens on this thread If you have an a coherent argument make it and provide something to back it up rather than "alternative facts" and reinventions of economics and business. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. The "exceptional" payments for COVID really are just that. Incredibly large and specific. The debt run-up is now also being paid back at higher rates with each additional round of borrowing, which makes the calculation bleaker. However, for years the UK taxpayer has subsidised large company profits. The state has stepped in to subsidise basics which should be paid for by a wage. Meanwhile the low wages lead to larger corporate profits which have all sorts of ways to avoid tax which a paycheck wouldn't. So yes, we are probably living beyond our means, but not just because people are lazy and soft. I think the exceptional payments were energy subsidy related in May. We have foolishly become a low-wage economy instead of investing in automation. Excessive profits and crazy bonuses are bad, but we everyday businesses need to make a fair profit, or why else would shareholders invest in them? Most people are not 'lazy and soft', but still far too many settle happily into a benefits lifestyle. We have not become a low wage economy purely because of lack of automation investment, although that is the story for some parts of the economy. We are massively underinvested compared to the rest of the G7 and beyond. That was a choice not driven purely by labour supply. It's driven by short-termism. Fruit picking, shelf stacking, cleaning and hospitality and care are not easily automated sectors but we have chosen to underpay people working in them whilst allowing companies to draw huge profits." It's a mindset thing. Instead of automating factories, warehouses, even fruit picking (yes, it can be done!) we just bring in cheap labour which undercuts wages. Yes, it's shortterm-ism. But there's also a circular element to this : consumers want cheap food, supermarkets screw farmers, farmers can't afford automation and investment. So we are all partly to blame. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing." No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. " Who is the author of this Twitter thread? | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.
Low tax = Low investment = failing services tell Ireland
That
Ireland is in recession, and there awful wealth disparity. "They are currently yes. But on both measures look at fdi, and services 3xports and imports after they'd ripped their tax rate. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do. "Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Maybe you missed the £1.8 billion that fossil fuels just cost the country? In anycase. I know you don't want to understand climate change, or energy costs etc. So we can skip this point or the thread will descend into another anti-science ranting festival. Not at all. As I said before. We moved to green. We decided against nnclear and fossil. Wind should supply roughly 50% or more of our domestic energy needs. I think full capacity is 62%? When will d doesn't blow. The cost of gas is a direct result of moving the wind. So it's a cost of green policy. Because we didn't buy bigger supply contracts, we didn't invest in gas extraction or nuclear. So it's a cost bearable to the green policy. As a crude comparison. If I buy a Tesla and my friend buys a petrol car. And we go to drive 500 miles He has the direct cost of the fuel. When I breakdown after the 300 mile range is exhausted and they send out to a tow truck to tow me the remaining 200 miles. The cost of the truck fuel, call put etc is a direct result of the policy to buy Tesla. Not the unleaded fuel price. A great thread on it if you Google this on twitter "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." By @loftusteve We didn't subsidise has extraction. The price we pay is set by the global market. More UK gas doesn't change how much the consumer pays. The electricity price is still defined by the gas price as the most expensive generator. The cost of petrol or diesel is defined by OPEC varying production to maximise profits. Both are highly influenced by geopolitics. The lack of investment in nuclear twenty or more years ago is telling and returns to the point about short-term thinking by business and government. All nuclear projects are underwritten by the taxpayer. We failed to invest in the grid storage needed to bin off much of the base load requirement. That will change. An electric vehicle does not "break down" when it runs out of energy any more than running the tank dry of petrol or diesel. Petrol stations were built at great cost over decades. The same is needed faster for EV charging. All would have been cheaper and at a slower pace if the need to transition due to climate change wasn't denied and delayed for decades." Actually it does. Because there would be no need for forward contracts a d agreements and any agreement where we share the value would see that cost decrease because of the bigger supply in that chain. Petrol or diesel has nothing to do with this conversation. No idea why you brought it up. A lot of whay you're saying is dealt with in the twitter thread. Please at least read it. Breakdown is s colloquialisms I have used here. It's called breakdown cover. You wouldn't call the AA and say I haven't broken down I've supply run out of fuel. " failure to progress" is the definition. If you can't progress further in your drive. You have broken down. The logic is sound though. If you invest in wind to supply 60% of your energy and on days when that wind doesn't blow and you require gas tk.vmcover the shortfall. That is the failure of the move to wind to supply energy without negotiating covering gas contracts for shortfall. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat.
Did you bother to read the sources information?
How about actually discussing what was written rather than attacking a poster because you don't like him. At least read what he writes and attempt to debunk it.
BTW, yesterday you were complaining about being called a liar and now you're calling someone a liar
Fancy replying to the quote I picked from your article? Or is this just gonna turn into another shambles thread?
I never called you a liar - I said you get a lot of info from dubious sources, and also gave an article that backed up my point.
I’m out now, work calls. Ciao.
Its OK fun fella. You can come back at ANY point in the next week with a debunking of the twitter feed.
I wait.
Nobody has to "debunk" a Twitter thread.
They are the opinions of random individuals arguing whatever perspective they favour with selective data or just lying.
It's no different to what happens on this thread
If you have an a coherent argument make it and provide something to back it up rather than "alternative facts" and reinventions of economics and business."OK well then. No one has proven it incorrect. And thus green energy as defined in that thread is more expensive than gas. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? " Check the @ Think that's self explanatory. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory." LoftusSteve? Another Twitter nobody | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. " Going by the majority of responses on here, it would appear that government debt being the largest since 1961 and over 100% that of GDP can be explained away quite simply and is of no concern. Either people are very naive or deficits mean very little in the grand scheme of things. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory. LoftusSteve? Another Twitter nobody "Feel free to address any point he made. I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits. Maybe youncould do the same? | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory. LoftusSteve? Another Twitter nobody
Feel free to address any point he made.
I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits.
Maybe youncould do the same?"His ‘points’ have been debunked by other posts on the thread, try reading them. I am certainly not going to take notice of a nobody on Twitter, his profile and retweets are enough evidence that he is untrustworthy | |||
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| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory. LoftusSteve? Another Twitter nobody
Feel free to address any point he made.
I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits.
Maybe youncould do the same?
His ‘points’ have been debunked by other posts on the thread, try reading them. I am certainly not going to take notice of a nobody on Twitter, his profile and retweets are enough evidence that he is untrustworthy "Any particular reply you think debunked. I'd like to see. As most reply attempts he's replied to and his position was correct. | |||
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"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… " I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory. LoftusSteve? Another Twitter nobody
Feel free to address any point he made.
I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits.
Maybe youncould do the same?
His ‘points’ have been debunked by other posts on the thread, try reading them. I am certainly not going to take notice of a nobody on Twitter, his profile and retweets are enough evidence that he is untrustworthy
Any particular reply you think debunked.
I'd like to see.
As most reply attempts he's replied to and his position was correct."Try reading the thread, why do you rely on unqualified Twitter nobodies for all your so called ‘information ‘ | |||
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"I'm struggling to follow the train of thought on his twitter thread. Are we paying more for green than gas ? " It’s nonsense, the author is obviously copy and pasting the ‘information ‘ from his pay masters , | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory. LoftusSteve? Another Twitter nobody
Feel free to address any point he made.
I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits.
Maybe youncould do the same?"You never did debunk all of the points in that article, thanks for the reminder, dude! This is where I get to call you a liar, right? | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory. LoftusSteve? Another Twitter nobody
Feel free to address any point he made.
I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits.
Maybe youncould do the same?
His ‘points’ have been debunked by other posts on the thread, try reading them. I am certainly not going to take notice of a nobody on Twitter, his profile and retweets are enough evidence that he is untrustworthy "Which particular retreat makes him 'untrustworthy'? Come on, you usually love twitter as a source | |||
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"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. " monetary expansion being QE right? | |||
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"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… " Cost people jobs and disproportionately attack the poorest in society. That sounds sensible. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible."HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
"The north part of HS2 has been cancelled? | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?"In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham. The project should have started in the north, and been completed to its original plan. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan. "You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate? | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
"As I said, I suspect HS2 will never go beyond Birmingham. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham. "So not cancelled then? Just your suspicions. Why didn't you just say that? | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?"No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network. And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry. | |||
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"I'm struggling to follow the train of thought on his twitter thread. Are we paying more for green than gas ? " Essentially the government puts out contracts for supply of wind energy. Private firms say we can supply 200mw for £100 and win a contract. But they never have to take up that contract. So they get advertised as £100 contracts for renewables we are all paying. In reality that firm never supplied it. The current cheapest one I actually operation is 3 times the price of the lowest submission of these bids in 2019 However looking at the running costs kf these turbines and capital costs. They re going up not down. So it's counter intuitive to think that the costs of turbine electricity is going down. Because the initial capital investment costs is going up. Estimates put the break even cost for that capital investment increase for new contracts at £165 per mwh The current price of gas is£70 mwh on next day market prices( but typically gas supply contracts are 18month-3 years in length. So your supplier probably is still at peak supply rate of around £150( I am being very very kind d here) its likely lower. So when wind diesnt blow. Gas gets burned. The cost of turning on a gas turbine for steam because win is t blowing is mor expensive than just keeping the gas turning twirling itself. ( think like a combustion engine. If you ignite the engine then turn it of, you go through fuel quicker than just driving a steady rate of 60mph) None of this includes the green levy and subsidies paid to these firms either. Essentially the cost of green currently is about £107 that we can say with absolute certainty based on a taken up contract. The historic price of gas is about £50 ( again I am.being very kind here) | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory. LoftusSteve? Another Twitter nobody
Feel free to address any point he made.
I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits.
Maybe youncould do the same?
You never did debunk all of the points in that article, thanks for the reminder, dude!
This is where I get to call you a liar, right? "Did you miss the number 5 in my sentence | |||
(closed, thread got too big) | |||
| Reply privately |
"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. monetary expansion being QE right? " Yes | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory. LoftusSteve? Another Twitter nobody
Feel free to address any point he made.
I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits.
Maybe youncould do the same?
You never did debunk all of the points in that article, thanks for the reminder, dude!
This is where I get to call you a liar, right?
Did you miss the number 5 in my sentence"You said 5 links. I gave you one link with 15 Brexit failures 
It’s ok, don’t be sad you can’t debunk them. Nobody can  | |||
(closed, thread got too big) | |||
| Reply privately |
"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. monetary expansion being QE right? Yes" 101 economic understanding here, but the BoE was about to start QT wasn't it? (Eg what you see as being needed). But had to u turn on that to provide more expansive policies. | |||
(closed, thread got too big) | |||
| Reply privately |
"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. monetary expansion being QE right? Yes 101 economic understanding here, but the BoE was about to start QT wasn't it? (Eg what you see as being needed). But had to u turn on that to provide more expansive policies. "Essentially the market got so used to money being printed and it erects rates low. They're now stuck in a void where pushing up interest rates and QT would mean many investors Go bankrupt ( this was poor speculating much like.tbe housing market never expext interest rates to seemingly ever go up ahsin) so just like in the early 90s and 2000a have been giving more mortgages out with little consideration to if the rates change. Hence the housing boom again after 2010 You don't have to QT now. But stop expansion and one of the actual good bits of carney ideas (though he fucked up the implementation) was the forward guidance. Tell the markets you're going to stop QE and that in 3 years QT will start. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
"So one fork has been cancelled? Why didn't you say that rather than exagerrating? Twenty years in the rail industry? You do get around don't you, and your what, 40ish? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?"Get around? Hardly. I’m 43 and have worked on the railway since I was 22. Not that that’s anyone’s business. And the cancelled fork is significant indeed, it was a key part of ‘northern powerhouse’ (remember that?). | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?"20 years in the rail industry ...convenient He has a source in the commons that said some one was bojos secret daughter in thr honours list Then was it a brother who was a virologist. | |||
(closed, thread got too big) | |||
| Reply privately |
"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. monetary expansion being QE right? Yes 101 economic understanding here, but the BoE was about to start QT wasn't it? (Eg what you see as being needed). But had to u turn on that to provide more expansive policies.
Essentially the market got so used to money being printed and it erects rates low. They're now stuck in a void where pushing up interest rates and QT would mean many investors Go bankrupt ( this was poor speculating much like.tbe housing market never expext interest rates to seemingly ever go up ahsin) so just like in the early 90s and 2000a have been giving more mortgages out with little consideration to if the rates change. Hence the housing boom again after 2010
You don't have to QT now. But stop expansion and one of the actual good bits of carney ideas (though he fucked up the implementation) was the forward guidance.
Tell the markets you're going to stop QE and that in 3 years QT will start.
"but QT was signposted and about to start. At least that's what I thought was going to happen last year. When was the last expansion ? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
"Don't forget access to the press  | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
Get around? Hardly. I’m 43 and have worked on the railway since I was 22. Not that that’s anyone’s business.
And the cancelled fork is significant indeed, it was a key part of ‘northern powerhouse’ (remember that?)."I didn't say it wasn't significant. I said 'the north' is an exagerration. You know it is, all I've asked is why didn't you say what you actually meant. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Only after massive global subsidy to an industry over which we have minimal control on supply and pricing. No subsidies form the uk to the fossil industry I am afraid. We went over this Infact they re taxed more to subsidise wind. We went over this. And it's in the twitter thread. Who is the author of this Twitter thread? Check the @ Think that's self explanatory. LoftusSteve? Another Twitter nobody
Feel free to address any point he made.
I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits.
Maybe youncould do the same?
You never did debunk all of the points in that article, thanks for the reminder, dude!
This is where I get to call you a liar, right?
Did you miss the number 5 in my sentence
You said 5 links.
I gave you one link with 15 Brexit failures
It’s ok, don’t be sad you can’t debunk them. Nobody can "No I didn't "Feel free to address any point he made. I had the pleasure of debunking 5 of funfellas ill-advised link on brexit benefits." 5 points were debunked in your link. As always, reading what is written, seems not to be your forté. | |||
(closed, thread got too big) | |||
| Reply privately |
| |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
"21 years. Trainee driver. Driver. Instructor. Trainer. Manager. Yes, My brother is a consultant. He got the brains. Yes, have a friend who’s a journalist. Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs). | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs)."How about a wee wager. If I prove all among the above - perhaps via email - You leave fabs. I’m game. Fancy taking me up on it? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs)."if I call you a liar will you DM me the WhatsApp message ? It's my favourite BoJo rumour ATM. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).if I call you a liar will you DM me the WhatsApp message ? It's my favourite BoJo rumour ATM. "Anyone can fake a WhatsApp message
I can send you one if you really want it 'confirmed' | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs)."Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself. No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).if I call you a liar will you DM me the WhatsApp message ? It's my favourite BoJo rumour ATM. "Done | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name."I will not provide a reporters name, for reasons that you should be capable of understanding. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name.
I will not provide a reporters name, for reasons that you should be capable of understanding."Come on mate, any journo worth their salt will put their name to TRUTH. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name.
I will not provide a reporters name, for reasons that you should be capable of understanding.
Come on mate, any journo worth their salt will put their name to TRUTH."And as soon as the truth about Johnson’s mistress/daughter/whatever is out, that’ll be fine. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name."It seems your DM’s are off. But you need to answer my challenge. If I prove you wrong, you gonna leave fabs? | |||
(closed, thread got too big) | |||
| Reply privately |
"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. monetary expansion being QE right? Yes 101 economic understanding here, but the BoE was about to start QT wasn't it? (Eg what you see as being needed). But had to u turn on that to provide more expansive policies.
Essentially the market got so used to money being printed and it erects rates low. They're now stuck in a void where pushing up interest rates and QT would mean many investors Go bankrupt ( this was poor speculating much like.tbe housing market never expext interest rates to seemingly ever go up ahsin) so just like in the early 90s and 2000a have been giving more mortgages out with little consideration to if the rates change. Hence the housing boom again after 2010
You don't have to QT now. But stop expansion and one of the actual good bits of carney ideas (though he fucked up the implementation) was the forward guidance.
Tell the markets you're going to stop QE and that in 3 years QT will start.
but QT was signposted and about to start. At least that's what I thought was going to happen last year.
When was the last expansion ? "The last expansion was the intervention into the temp gilts intervention of 19bn 14bn now sold. Of the bofe gilts we sole 7bn. But we still have monetary expansion and creation from the government expenditure.( the increase in deficit) The only way this can be financed really is through A) Tax receipts improving B) inflation and lowering the future value of the pound and so it becomes easier tompaynoff( bad for the working man and woman) C)More QE | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name.
It seems your DM’s are off.
But you need to answer my challenge.
If I prove you wrong, you gonna leave fabs? "Should be able to send now. I'll verify with the reporter they are saying bojo is putting an illegitimate daughter in the Lords. I'll check the working papers with your brothers name Your brother was a virologist? Then I'll be happy to apologise. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name.
I will not provide a reporters name, for reasons that you should be capable of understanding.
Come on mate, any journo worth their salt will put their name to TRUTH.
And as soon as the truth about Johnson’s mistress/daughter/whatever is out, that’ll be fine."Isn't it up to the journalist to expose the truth? Or they have a suspicion but no evidence? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name.
I will not provide a reporters name, for reasons that you should be capable of understanding.
Come on mate, any journo worth their salt will put their name to TRUTH.
And as soon as the truth about Johnson’s mistress/daughter/whatever is out, that’ll be fine.
Isn't it up to the journalist to expose the truth?
Or they have a suspicion but no evidence?"I don’t believe anyone has presented anything on the topic as evidence, have they? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name.
It seems your DM’s are off.
But you need to answer my challenge.
If I prove you wrong, you gonna leave fabs?
Should be able to send now.
I'll verify with the reporter they are saying bojo is putting an illegitimate daughter in the Lords.
I'll check the working papers with your brothers name
Your brother was a virologist?
Then I'll be happy to apologise.
"My brother is a consultant who specialises in tropical disease and communicable illness. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name.
It seems your DM’s are off.
But you need to answer my challenge.
If I prove you wrong, you gonna leave fabs?
Should be able to send now.
I'll verify with the reporter they are saying bojo is putting an illegitimate daughter in the Lords.
I'll check the working papers with your brothers name
Your brother was a virologist?
Then I'll be happy to apologise.
My brother is a consultant who specialises in tropical disease and communicable illness."A Dr consultant who should jave several papers on such to their name. How do I verify they are your brother? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
20 years in the rail industry ...convenient
He has a source in the commons that said some one was bojos secret daughter in thr honours list
Then was it a brother who was a virologist.
21 years. Trainee driver. Driver. Instructor. Trainer. Manager.
Yes, My brother is a consultant. He got the brains.
Yes, have a friend who’s a journalist.
Gonna call me a liar, Morley? I’d be happy to prove you wrong (though not on the public forum of fabs).
Yes you for me are not reliable. You regularly post things you know bot to be true.then refuse to retract them or correct yourself.
No better than bojo
It all seems very convenient for you at the moment.
Happy as hovis says for you to DM the proof. Happy to read the papers you're brother wrote.
Happy for you to supply the reporters name.
I will not provide a reporters name, for reasons that you should be capable of understanding.
Come on mate, any journo worth their salt will put their name to TRUTH.
And as soon as the truth about Johnson’s mistress/daughter/whatever is out, that’ll be fine.
Isn't it up to the journalist to expose the truth?
Or they have a suspicion but no evidence?
I don’t believe anyone has presented anything on the topic as evidence, have they? "No they haven't. I'd imagine the journo has evidence, no? | |||
(closed, thread got too big) | |||
| Reply privately |
| |||
(closed, thread got too big) | |||
| Reply privately |
"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. monetary expansion being QE right? Yes 101 economic understanding here, but the BoE was about to start QT wasn't it? (Eg what you see as being needed). But had to u turn on that to provide more expansive policies.
Essentially the market got so used to money being printed and it erects rates low. They're now stuck in a void where pushing up interest rates and QT would mean many investors Go bankrupt ( this was poor speculating much like.tbe housing market never expext interest rates to seemingly ever go up ahsin) so just like in the early 90s and 2000a have been giving more mortgages out with little consideration to if the rates change. Hence the housing boom again after 2010
You don't have to QT now. But stop expansion and one of the actual good bits of carney ideas (though he fucked up the implementation) was the forward guidance.
Tell the markets you're going to stop QE and that in 3 years QT will start.
but QT was signposted and about to start. At least that's what I thought was going to happen last year.
When was the last expansion ?
The last expansion was the intervention into the temp gilts intervention of 19bn
14bn now sold.
Of the bofe gilts we sole 7bn.
But we still have monetary expansion and creation from the government expenditure.( the increase in deficit)
The only way this can be financed really is through
A) Tax receipts improving
B) inflation and lowering the future value of the pound and so it becomes easier tompaynoff( bad for the working man and woman)
C)More QE
"This is where I struggle to square the circle. Lowering tax levels (truss) caused a need to buy gilts (monetary expansion). I suspect that part of that may have been because of a complete lack of sign posting. But it appears that you need to be very careful that pulling one lever doesn mean you have to push another. | |||
(closed, thread got too big) | |||
| Reply privately |
"So essentially what kind received in the dm Was the link tk some research papers a d the surgery the Dr is at. And a snapshot of a WhatsApp convo that was easily fake able between 2 friends witb no proof of them being a Westminster journo. "I gave Morley papers from my consultant brother, the hospital at which he works - including confirmation of his role, a photo of my train drivers licence (with some redacted, I’m not an idiot), and a WhatsApp from a journalist mate - as I said, who’s name I won’t reveal because I’m unwilling to sacrifice my friendship with him over someone as insignificant as Morley. | |||
(closed, thread got too big) | |||
| Reply privately |
"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. monetary expansion being QE right? Yes 101 economic understanding here, but the BoE was about to start QT wasn't it? (Eg what you see as being needed). But had to u turn on that to provide more expansive policies.
Essentially the market got so used to money being printed and it erects rates low. They're now stuck in a void where pushing up interest rates and QT would mean many investors Go bankrupt ( this was poor speculating much like.tbe housing market never expext interest rates to seemingly ever go up ahsin) so just like in the early 90s and 2000a have been giving more mortgages out with little consideration to if the rates change. Hence the housing boom again after 2010
You don't have to QT now. But stop expansion and one of the actual good bits of carney ideas (though he fucked up the implementation) was the forward guidance.
Tell the markets you're going to stop QE and that in 3 years QT will start.
but QT was signposted and about to start. At least that's what I thought was going to happen last year.
When was the last expansion ?
The last expansion was the intervention into the temp gilts intervention of 19bn
14bn now sold.
Of the bofe gilts we sole 7bn.
But we still have monetary expansion and creation from the government expenditure.( the increase in deficit)
The only way this can be financed really is through
A) Tax receipts improving
B) inflation and lowering the future value of the pound and so it becomes easier tompaynoff( bad for the working man and woman)
C)More QE
This is where I struggle to square the circle. Lowering tax levels (truss) caused a need to buy gilts (monetary expansion). I suspect that part of that may have been because of a complete lack of sign posting. But it appears that you need to be very careful that pulling one lever doesn mean you have to push another. "It wasn't the lowering tax levels. The move had begun prior because kf tbe it erects rates lack kf rise matching usa and other factors in the budget. | |||
(closed, thread got too big) | |||
| Reply privately |
"So essentially what kind received in the dm Was the link tk some research papers a d the surgery the Dr is at. And a snapshot of a WhatsApp convo that was easily fake able between 2 friends witb no proof of them being a Westminster journo.
I gave Morley papers from my consultant brother, the hospital at which he works - including confirmation of his role, a photo of my train drivers licence (with some redacted, I’m not an idiot), and a WhatsApp from a journalist mate - as I said, who’s name I won’t reveal because I’m unwilling to sacrifice my friendship with him over someone as insignificant as Morley. "Having given Morley proof that I am indeed a train driver, I do indeed have a consultant brother, and sent the WhatsApp I received from my journo mate, I await the apology. | |||
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"A very interesting debate on the radio today: JP Morgan advising we need to be forced into recession to slow down spending, in return that should halt the high pay rise demands and also force down prices at the till. There was also some agreement that the BoE were a million miles away with their expectation that we would return to 2% inflation over the next year, according to one expert the average time taken to get from over 8% inflation to 2% is 14 years… I think a forced recession would work. Was that radio 4? But you shouldnt need to. Lower tax, get higher receipts, stop monetary expansion. Start consolidation. Sadly in the years since the great Merv left the BofE ideas such as that have been completely new to modern economists. monetary expansion being QE right? Yes 101 economic understanding here, but the BoE was about to start QT wasn't it? (Eg what you see as being needed). But had to u turn on that to provide more expansive policies.
Essentially the market got so used to money being printed and it erects rates low. They're now stuck in a void where pushing up interest rates and QT would mean many investors Go bankrupt ( this was poor speculating much like.tbe housing market never expext interest rates to seemingly ever go up ahsin) so just like in the early 90s and 2000a have been giving more mortgages out with little consideration to if the rates change. Hence the housing boom again after 2010
You don't have to QT now. But stop expansion and one of the actual good bits of carney ideas (though he fucked up the implementation) was the forward guidance.
Tell the markets you're going to stop QE and that in 3 years QT will start.
but QT was signposted and about to start. At least that's what I thought was going to happen last year.
When was the last expansion ?
The last expansion was the intervention into the temp gilts intervention of 19bn
14bn now sold.
Of the bofe gilts we sole 7bn.
But we still have monetary expansion and creation from the government expenditure.( the increase in deficit)
The only way this can be financed really is through
A) Tax receipts improving
B) inflation and lowering the future value of the pound and so it becomes easier tompaynoff( bad for the working man and woman)
C)More QE
This is where I struggle to square the circle. Lowering tax levels (truss) caused a need to buy gilts (monetary expansion). I suspect that part of that may have been because of a complete lack of sign posting. But it appears that you need to be very careful that pulling one lever doesn mean you have to push another.
It wasn't the lowering tax levels.
The move had begun prior because kf tbe it erects rates lack kf rise matching usa and other factors in the budget.
"are you saying the intervention was inevitable? I agree rates hard started to move. Irrc you previously stated they had moved by 1.x pc.on the month before truss budget. However irrc it also moved something like 1pc in the week after her budget. And it's taken something like eight months to reach the same levels. Almost any real world measure is multi variate. Are you saying her budget has no effect on the rate of increase ? | |||
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"So essentially what kind received in the dm Was the link tk some research papers a d the surgery the Dr is at. And a snapshot of a WhatsApp convo that was easily fake able between 2 friends witb no proof of them being a Westminster journo.
I gave Morley papers from my consultant brother, the hospital at which he works - including confirmation of his role, a photo of my train drivers licence (with some redacted, I’m not an idiot), and a WhatsApp from a journalist mate - as I said, who’s name I won’t reveal because I’m unwilling to sacrifice my friendship with him over someone as insignificant as Morley. "Again. I cant verify they're you're brother. I can can pick a Dr from a local surgery thay sint my own. And fi d a paper they wrote the internet at the bmj The train drivers licence you sent seemed to have a birth date of 1990. Your posted age is in your 40s? And I got a clipped WhatsApp of you talking yo some 1 No name, no proof or journalism There would be northing example stopping me getting a friend to message me the exact same phrase . Infact I might get them to do a mockup. To just show you how easy this stuff is. | |||
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| Reply privately |
"So essentially what kind received in the dm Was the link tk some research papers a d the surgery the Dr is at. And a snapshot of a WhatsApp convo that was easily fake able between 2 friends witb no proof of them being a Westminster journo.
I gave Morley papers from my consultant brother, the hospital at which he works - including confirmation of his role, a photo of my train drivers licence (with some redacted, I’m not an idiot), and a WhatsApp from a journalist mate - as I said, who’s name I won’t reveal because I’m unwilling to sacrifice my friendship with him over someone as insignificant as Morley.
Again.
I cant verify they're you're brother.
I can can pick a Dr from a local surgery thay sint my own. And fi d a paper they wrote the internet at the bmj
The train drivers licence you sent seemed to have a birth date of 1990.
Your posted age is in your 40s?
And I got a clipped WhatsApp of you talking yo some 1
No name, no proof or journalism
There would be northing example stopping me getting a friend to message me the exact same phrase .
Infact I might get them to do a mockup. To just show you how easy this stuff is."Check the date on the licence or check your eyes. And the surname just happens to match the consultant who’s written papers relating to illness and disease. It’s ok Morley, I’ve met your type many times. You got called out and now you’re desperate for a way out. You’d be better off just saying ‘I’m sorry, you are who you say you are’ and owning it. | |||
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"So essentially what kind received in the dm Was the link tk some research papers a d the surgery the Dr is at. And a snapshot of a WhatsApp convo that was easily fake able between 2 friends witb no proof of them being a Westminster journo.
I gave Morley papers from my consultant brother, the hospital at which he works - including confirmation of his role, a photo of my train drivers licence (with some redacted, I’m not an idiot), and a WhatsApp from a journalist mate - as I said, who’s name I won’t reveal because I’m unwilling to sacrifice my friendship with him over someone as insignificant as Morley.
Again.
I cant verify they're you're brother.
I can can pick a Dr from a local surgery thay sint my own. And fi d a paper they wrote the internet at the bmj
The train drivers licence you sent seemed to have a birth date of 1990.
Your posted age is in your 40s?
And I got a clipped WhatsApp of you talking yo some 1
No name, no proof or journalism
There would be northing example stopping me getting a friend to message me the exact same phrase .
Infact I might get them to do a mockup. To just show you how easy this stuff is.
Check the date on the licence or check your eyes. And the surname just happens to match the consultant who’s written papers relating to illness and disease.
It’s ok Morley, I’ve met your type many times. You got called out and now you’re desperate for a way out.
You’d be better off just saying ‘I’m sorry, you are who you say you are’ and owning it. "So we have 1of 3 | |||
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"So essentially what kind received in the dm Was the link tk some research papers a d the surgery the Dr is at. And a snapshot of a WhatsApp convo that was easily fake able between 2 friends witb no proof of them being a Westminster journo.
I gave Morley papers from my consultant brother, the hospital at which he works - including confirmation of his role, a photo of my train drivers licence (with some redacted, I’m not an idiot), and a WhatsApp from a journalist mate - as I said, who’s name I won’t reveal because I’m unwilling to sacrifice my friendship with him over someone as insignificant as Morley.
Again.
I cant verify they're you're brother.
I can can pick a Dr from a local surgery thay sint my own. And fi d a paper they wrote the internet at the bmj
The train drivers licence you sent seemed to have a birth date of 1990.
Your posted age is in your 40s?
And I got a clipped WhatsApp of you talking yo some 1
No name, no proof or journalism
There would be northing example stopping me getting a friend to message me the exact same phrase .
Infact I might get them to do a mockup. To just show you how easy this stuff is.
Check the date on the licence or check your eyes. And the surname just happens to match the consultant who’s written papers relating to illness and disease.
It’s ok Morley, I’ve met your type many times. You got called out and now you’re desperate for a way out.
You’d be better off just saying ‘I’m sorry, you are who you say you are’ and owning it.
So we have 1of 3"Did the surname on my licence match the name of a consultant on those links/papers? Simple yes or no. | |||
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"So essentially what kind received in the dm Was the link tk some research papers a d the surgery the Dr is at. And a snapshot of a WhatsApp convo that was easily fake able between 2 friends witb no proof of them being a Westminster journo.
I gave Morley papers from my consultant brother, the hospital at which he works - including confirmation of his role, a photo of my train drivers licence (with some redacted, I’m not an idiot), and a WhatsApp from a journalist mate - as I said, who’s name I won’t reveal because I’m unwilling to sacrifice my friendship with him over someone as insignificant as Morley.
Again.
I cant verify they're you're brother.
I can can pick a Dr from a local surgery thay sint my own. And fi d a paper they wrote the internet at the bmj
The train drivers licence you sent seemed to have a birth date of 1990.
Your posted age is in your 40s?
And I got a clipped WhatsApp of you talking yo some 1
No name, no proof or journalism
There would be northing example stopping me getting a friend to message me the exact same phrase .
Infact I might get them to do a mockup. To just show you how easy this stuff is.
Check the date on the licence or check your eyes. And the surname just happens to match the consultant who’s written papers relating to illness and disease.
It’s ok Morley, I’ve met your type many times. You got called out and now you’re desperate for a way out.
You’d be better off just saying ‘I’m sorry, you are who you say you are’ and owning it.
So we have 1of 3
Did the surname on my licence match the name of a consultant on those links/papers?
Simple yes or no. "It wouldn't matter I can send you my license and it would match a Dr in epidemiology. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. " Compare India and China 6% growth forecast to uk and ask what is enabling that. The answer is simple - people are different , harsher conditions create more energetic and focussed people. In the uk you can choose to let others support you and life’s pretty good | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. Compare India and China 6% growth forecast to uk and ask what is enabling that. The answer is simple - people are different , harsher conditions create more energetic and focussed people. In the uk you can choose to let others support you and life’s pretty good " Pretty much sl@ve labour helps. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. The "exceptional" payments for COVID really are just that. Incredibly large and specific. The debt run-up is now also being paid back at higher rates with each additional round of borrowing, which makes the calculation bleaker. However, for years the UK taxpayer has subsidised large company profits. The state has stepped in to subsidise basics which should be paid for by a wage. Meanwhile the low wages lead to larger corporate profits which have all sorts of ways to avoid tax which a paycheck wouldn't. So yes, we are probably living beyond our means, but not just because people are lazy and soft. I think the exceptional payments were energy subsidy related in May. We have foolishly become a low-wage economy instead of investing in automation. Excessive profits and crazy bonuses are bad, but we everyday businesses need to make a fair profit, or why else would shareholders invest in them? Most people are not 'lazy and soft', but still far too many settle happily into a benefits lifestyle. We have not become a low wage economy purely because of lack of automation investment, although that is the story for some parts of the economy. We are massively underinvested compared to the rest of the G7 and beyond. That was a choice not driven purely by labour supply. It's driven by short-termism. Fruit picking, shelf stacking, cleaning and hospitality and care are not easily automated sectors but we have chosen to underpay people working in them whilst allowing companies to draw huge profits. It's a mindset thing. Instead of automating factories, warehouses, even fruit picking (yes, it can be done!) we just bring in cheap labour which undercuts wages. Yes, it's shortterm-ism. But there's also a circular element to this : consumers want cheap food, supermarkets screw farmers, farmers can't afford automation and investment. So we are all partly to blame. " I agree. The fruit picking is possible, I know, but ferociously expensive compared to seasonal workers. Caring, really no substitute for humans. There is a balance. We're on the wrong side. | |||
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"FYI you cut out the name on the 2nd photo. And just put in the 1980 on a blue background. In the original photo all it was was a train ID held out where you couldn't read anything " The second photo was a zoom-in of the first. It’s ok Morley, I see you for what you are. | |||
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"So essentially what kind received in the dm Was the link tk some research papers a d the surgery the Dr is at. And a snapshot of a WhatsApp convo that was easily fake able between 2 friends witb no proof of them being a Westminster journo.
I gave Morley papers from my consultant brother, the hospital at which he works - including confirmation of his role, a photo of my train drivers licence (with some redacted, I’m not an idiot), and a WhatsApp from a journalist mate - as I said, who’s name I won’t reveal because I’m unwilling to sacrifice my friendship with him over someone as insignificant as Morley.
Again.
I cant verify they're you're brother.
I can can pick a Dr from a local surgery thay sint my own. And fi d a paper they wrote the internet at the bmj
The train drivers licence you sent seemed to have a birth date of 1990.
Your posted age is in your 40s?
And I got a clipped WhatsApp of you talking yo some 1
No name, no proof or journalism
There would be northing example stopping me getting a friend to message me the exact same phrase .
Infact I might get them to do a mockup. To just show you how easy this stuff is.
Check the date on the licence or check your eyes. And the surname just happens to match the consultant who’s written papers relating to illness and disease.
It’s ok Morley, I’ve met your type many times. You got called out and now you’re desperate for a way out.
You’d be better off just saying ‘I’m sorry, you are who you say you are’ and owning it.
So we have 1of 3
Did the surname on my licence match the name of a consultant on those links/papers?
Simple yes or no.
It wouldn't matter I can send you my license and it would match a Dr in epidemiology."As you now know, I have an unusual surname. One that matches the surname of a consultant in Sheffield Hallam. And I’ve shown you my train driver documentation. The WhatsApp is genuine and I couldn’t give a toss whether you believe it or not. Though I would ask what a 43 year old guy has to gain from faking a WhatsApp message - why would I fake having a journo mate? Surely I’d just post ‘I reckon Johnson has either shagged her or she’s an illegitimate daughter’ But it’s ok, you don’t wanna admit you’ve been proven wrong. I get it. It’s not easy apologising sometimes. | |||
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"Wow how much of this thread has been “I don’t believe you nuh nuh!” "Feel free to get it back on point | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. Could be a lot of factors. Spunking billions down the brexit toilet. The cost of COVID. Mismanagement of public money by the government. The ongoing dependency on fossil fuels. As someone in another thread mentioned, we need a series of positive events to offset all this. The cost of covid is certainly the vast majority of inflation and new gov deficit. Fossil fuels are cheaper than green. So not likely them. Fossil fuels have remained fairly consistent in cost because the tech is essentially perfected with no further saving to be found. Whereas the cost of green energy is falling year on year - and since it’s inevitable that renewables are the future it makes sense to replace old plants with green ones as they become life expired. Sorry but no. Green is flying year on year. Read this thread by Loftus Steve. "The Offshore Wind Megathread ?? How many times have you seen on TV or read on Twitter that wind power is cheap and that's where the Government should focus its efforts? Let's have a look at why that isn't remotely true." Bits in quotation marks should help you find it. https://www.forbes.com/sites/christinero/2022/09/14/renewable-energy-costs-have-dropped-much-faster-than-expected-but-theres-a-catch/amp/ "In the U.K., residents have been paying far more for their renewable energy than the actual cost of producing it, due to an antiquated wholesale pricing system where, Grubb has written, “the most expensive generator sets the price.” Specifically, the price of natural gas is generally used as a reference point for the entire energy market – despite the increasing popularity and decreasing costs of renewable energy, and the fact that wind and solar energy costs less than a third of what gas-fired power does in the UK." This is from your article, my understanding of that is that whilst it may be cheaper to produce, those savings aren't passed on. It would have helped him had he read the thread first. But in true funfeella style. He decided to reply without actually reading. You need to stop telling these fibs, Morley. You’ll grow out of it
You didnt read it before replying. We k ow you didn't.
We know you get a lot of information from
Dubious twitter ‘sources’ that don’t add up to squat.
Did you bother to read the sources information?
How about actually discussing what was written rather than attacking a poster because you don't like him. At least read what he writes and attempt to debunk it.
BTW, yesterday you were complaining about being called a liar and now you're calling someone a liar
Fancy replying to the quote I picked from your article? Or is this just gonna turn into another shambles thread?
I never called you a liar - I said you get a lot of info from dubious sources, and also gave an article that backed up my point.
I’m out now, work calls. Ciao.
Its OK fun fella. You can come back at ANY point in the next week with a debunking of the twitter feed.
I wait.
Nobody has to "debunk" a Twitter thread.
They are the opinions of random individuals arguing whatever perspective they favour with selective data or just lying.
It's no different to what happens on this thread
If you have an a coherent argument make it and provide something to back it up rather than "alternative facts" and reinventions of economics and business.
OK well then. No one has proven it incorrect. And thus green energy as defined in that thread is more expensive than gas."This is the logic of a child. If you cannot disprove this random collection of words and ideas it is true. There must be a coherent logic in there if it is true. What you have so far written doesn't demonstrate that, so it must also beyond you and you want it to be true for some reason. Try and explain why gas prices being expensive and making renewable prices higher than they need to be leads to more fossil fuels being better... | |||
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"Wow how much of this thread has been “I don’t believe you nuh nuh!”
Feel free to get it back on point "Ok. Doesn’t UK debt as a % of GDP fluctuate from month to month? Do we not therefore need a longer period of time to understand whether something is a trend or a blip? | |||
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"For me I don't live beyond my means. But both working with good income so it's not that hard. But it has been in the past think we live in a world where some think they are intiteld to some things thay don't have to work for." That’s how he became PM! | |||
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"For me I don't live beyond my means. But both working with good income so it's not that hard. But it has been in the past think we live in a world where some think they are intiteld to some things thay don't have to work for. That’s how he became PM!" PM fuck that job you must be nuts to even want it. But train drivers earn a good wage so I guess its easy for you to live within your means and save.. | |||
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"For me I don't live beyond my means. But both working with good income so it's not that hard. But it has been in the past think we live in a world where some think they are intiteld to some things thay don't have to work for. That’s how he became PM! PM fuck that job you must be nuts to even want it. But train drivers earn a good wage so I guess its easy for you to live within your means and save.." I do alright, am very fortunate. Not sure what that has to do with anything, though. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?"2021. The "fork" is the entire section north of Manchester. This section is the part that would create the most economic benefit and genuinely make a huge contribution to economic rebalancing to the North not by "stealing" from the South. You can argue over the semantics if you wish. https://news.sky.com/story/eastern-leg-of-hs2-to-leeds-scrapped-transport-secretary-confirms-12471454 | |||
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"For me I don't live beyond my means. But both working with good income so it's not that hard. But it has been in the past think we live in a world where some think they are intiteld to some things thay don't have to work for. That’s how he became PM! PM fuck that job you must be nuts to even want it. But train drivers earn a good wage so I guess its easy for you to live within your means and save.. I do alright, am very fortunate. Not sure what that has to do with anything, though." Firem post is about living beyond your means NO? | |||
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"For me I don't live beyond my means. But both working with good income so it's not that hard. But it has been in the past think we live in a world where some think they are intiteld to some things thay don't have to work for. That’s how he became PM! PM fuck that job you must be nuts to even want it. But train drivers earn a good wage so I guess its easy for you to live within your means and save.. I do alright, am very fortunate. Not sure what that has to do with anything, though. Firem post is about living beyond your means NO? " The thread is about the nations finances, not individuals. | |||
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"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
2021. The "fork" is the entire section north of Manchester.
This section is the part that would create the most economic benefit and genuinely make a huge contribution to economic rebalancing to the North not by "stealing" from the South.
You can argue over the semantics if you wish.
https://news.sky.com/story/eastern-leg-of-hs2-to-leeds-scrapped-transport-secretary-confirms-12471454"Good the South is over populated anyway why in currage more in to London covid proved you can work from home. And how is relevant to this forum witch is about Living within your means. Take HS2 to another Forum for train spotters. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
2021. The "fork" is the entire section north of Manchester.
This section is the part that would create the most economic benefit and genuinely make a huge contribution to economic rebalancing to the North not by "stealing" from the South.
You can argue over the semantics if you wish.
https://news.sky.com/story/eastern-leg-of-hs2-to-leeds-scrapped-transport-secretary-confirms-12471454"The 'fork' is from Eat Mids to Leeds. If you look at the map, you'll see the possibility of running on existing lines in light blue. The fact is funfella vastly over exagerrated just how much of it has been scrapped. https://www.hs2.org.uk/the-route/high-speed-network-map/ | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
2021. The "fork" is the entire section north of Manchester.
This section is the part that would create the most economic benefit and genuinely make a huge contribution to economic rebalancing to the North not by "stealing" from the South.
You can argue over the semantics if you wish.
https://news.sky.com/story/eastern-leg-of-hs2-to-leeds-scrapped-transport-secretary-confirms-12471454
The 'fork' is from Eat Mids to Leeds.
If you look at the map, you'll see the possibility of running on existing lines in light blue.
The fact is funfella vastly over exagerrated just how much of it has been scrapped.
https://www.hs2.org.uk/the-route/high-speed-network-map/"We’ll see how much of it gets scrapped in due course, won’t we? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
2021. The "fork" is the entire section north of Manchester.
This section is the part that would create the most economic benefit and genuinely make a huge contribution to economic rebalancing to the North not by "stealing" from the South.
You can argue over the semantics if you wish.
https://news.sky.com/story/eastern-leg-of-hs2-to-leeds-scrapped-transport-secretary-confirms-12471454
The 'fork' is from Eat Mids to Leeds.
If you look at the map, you'll see the possibility of running on existing lines in light blue.
The fact is funfella vastly over exagerrated just how much of it has been scrapped.
https://www.hs2.org.uk/the-route/high-speed-network-map/
We’ll see how much of it gets scrapped in due course, won’t we? "We will, and you may be correct in your suspicions. That doesn't mean it has been, which is what you claimed. Why do we have to keep doing this? | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
2021. The "fork" is the entire section north of Manchester.
This section is the part that would create the most economic benefit and genuinely make a huge contribution to economic rebalancing to the North not by "stealing" from the South.
You can argue over the semantics if you wish.
https://news.sky.com/story/eastern-leg-of-hs2-to-leeds-scrapped-transport-secretary-confirms-12471454
The 'fork' is from Eat Mids to Leeds.
If you look at the map, you'll see the possibility of running on existing lines in light blue.
The fact is funfella vastly over exagerrated just how much of it has been scrapped.
https://www.hs2.org.uk/the-route/high-speed-network-map/
We’ll see how much of it gets scrapped in due course, won’t we?
We will, and you may be correct in your suspicions. That doesn't mean it has been, which is what you claimed. Why do we have to keep doing this?"You can stop anytime you like. | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
2021. The "fork" is the entire section north of Manchester.
This section is the part that would create the most economic benefit and genuinely make a huge contribution to economic rebalancing to the North not by "stealing" from the South.
You can argue over the semantics if you wish.
https://news.sky.com/story/eastern-leg-of-hs2-to-leeds-scrapped-transport-secretary-confirms-12471454
The 'fork' is from Eat Mids to Leeds.
If you look at the map, you'll see the possibility of running on existing lines in light blue.
The fact is funfella vastly over exagerrated just how much of it has been scrapped.
https://www.hs2.org.uk/the-route/high-speed-network-map/
We’ll see how much of it gets scrapped in due course, won’t we?
We will, and you may be correct in your suspicions. That doesn't mean it has been, which is what you claimed. Why do we have to keep doing this?
You can stop anytime you like."I can. Can you stop lying though. I'm doubtful | |||
(closed, thread got too big) | |||
| Reply privately |
"In May the UK’s debt rose above the GDP size of the economy for the first time since 1961. This was driven largely by a huge benefits bill. So are we, as a nation, living beyond our means? Why are so many dependant on state benefits? No simple answers I know, but it's a troubling trend. This has been the case for donkeys years. As I have said often in this forum economically this government is t even close to conservstive values. Histpricaly many policies they're adopting would be seen as quite far left economically but we live in a warped time. But this is what they ousted 2 pms for. And this is why they won't get voted back in. popular (costly) policies are hard to reverse. Imo, no Tory PM has grasped that nettle. And imo it needs to be dealt with before the conservative tax cuts. Otherwise that's not conservatism, it's just populism. They are indeed. And the only way they'll be reversed is a return to true conservatism. And when the country starts going even further down the gutter with poor economic choices. Was Truss ‘true conservatism’ ?
Much truer. And ironically her policy wouldn't have led to higher spending and borrowing.tbh, I don't know what true conservatism means. Can you use truss as an example to bring it to life ?
Smaller fiscal policy, attempts to run a surplus economy,low tax, better spending on projects, minimal market intervention via subsidies free market operation. Lower montry expansion vs tax receipts therefore less borrowing.thx. It all happened so quick bur reinforces my view that you need to do the hard work before doing the easy work. I never had the chance to understand how she was really going to make spending savings. Better spending on projects strikes as being around the edges and also easy to say, hard to do.
Better spending on projects = dirch hs2 vanity schemes for true levelling up. Eg investing in transport between elefs and Manchester for example. Which got booted out, or improving our motorways, expanding airports, investing in more start ups. Hs2 is frankly terrible.
HS2 delivered correctly would have been an excellent scheme. Of course it’s been cut back and half-arsed, and the important bit of it (the north) has been cancelled.
The north part of HS2 has been cancelled?
In part, yes. And I wouldn’t hold my breath on it ever going further than Birmingham.
The project should have started in the north, and been completed to its original plan.
You mean Leeds-Manchester? It's in the north but not exactly 'the north', why do you feel the need to exaggerate?
As I said, I suspect HS2 will never go beyond Birmingham.
So not cancelled then? Just your suspicions. Why didn't you just say that?
No, the Leeds - Birmingham fork has been cancelled, another section has been cut back to utilise existing rail network.
And my suspicions beyond that substantial cut are based upon twenty years experience of working in the rail industry.
So one fork has been cancelled?
Why didn't you say that rather than exagerrating?
Twenty years in the rail industry? You do get around don't you, and your what, 40ish?
2021. The "fork" is the entire section north of Manchester.
This section is the part that would create the most economic benefit and genuinely make a huge contribution to economic rebalancing to the North not by "stealing" from the South.
You can argue over the semantics if you wish.
https://news.sky.com/story/eastern-leg-of-hs2-to-leeds-scrapped-transport-secretary-confirms-12471454
The 'fork' is from Eat Mids to Leeds.
If you look at the map, you'll see the possibility of running on existing lines in light blue.
The fact is funfella vastly over exagerrated just how much of it has been scrapped.
https://www.hs2.org.uk/the-route/high-speed-network-map/
We’ll see how much of it gets scrapped in due course, won’t we?
We will, and you may be correct in your suspicions. That doesn't mean it has been, which is what you claimed. Why do we have to keep doing this?
You can stop anytime you like.
I can. Can you stop lying though. I'm doubtful "Sorry, not lying. Over exagerrating. | |||
(closed, thread got too big) | |||
| Reply privately |
"I'm struggling to follow the train of thought on his twitter thread. Are we paying more for green than gas ? Essentially the government puts out contracts for supply of wind energy. Private firms say we can supply 200mw for £100 and win a contract. But they never have to take up that contract. So they get advertised as £100 contracts for renewables we are all paying. In reality that firm never supplied it. The current cheapest one I actually operation is 3 times the price of the lowest submission of these bids in 2019 However looking at the running costs kf these turbines and capital costs. They re going up not down. So it's counter intuitive to think that the costs of turbine electricity is going down. Because the initial capital investment costs is going up. Estimates put the break even cost for that capital investment increase for new contracts at £165 per mwh The current price of gas is£70 mwh on next day market prices( but typically gas supply contracts are 18month-3 years in length. So your supplier probably is still at peak supply rate of around £150( I am being very very kind d here) its likely lower. So when wind diesnt blow. Gas gets burned. The cost of turning on a gas turbine for steam because win is t blowing is mor expensive than just keeping the gas turning twirling itself. ( think like a combustion engine. If you ignite the engine then turn it of, you go through fuel quicker than just driving a steady rate of 60mph) None of this includes the green levy and subsidies paid to these firms either. Essentially the cost of green currently is about £107 that we can say with absolute certainty based on a taken up contract. The historic price of gas is about £50 ( again I am.being very kind here) " The contortions that you have to do. The cost of installing renewables and generating cost per unit are lower than gas and falling. The current blip in installation cost is mirrored in gas due to that while inflation/cost of living thing that you may have noticed. Once installed the cost to generate power from a wind turbine or solar panel is tiny whereas gas has to be purchased. I know you love to argue about words and that giving fossil fuels tax breaks is not "subsidy" but handing them billions through the back door rather than a direct cash transfer is exactly that. The high gas prices drive the market price of energy even though renewables are cheaper. That's due to a poor pricing system, the lack of investment in nuclear and the late investment into grid storage (which is being remedied). Gas makes energy more expensive, not renewables. Anyone looking up cost of gas Vs renewables will see this. You have to work hard at reinterpretation to get to your Twitter conclusions. Show us a verifiable article or some papers rather than some incoherent ramblings on Twitter. | |||
(closed, thread got too big) | |||
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