You might as well stay authentic, Kemi faking modesty would be cringe and transparent. Could probably cut down on the arguing over cat identifiers etc though.
She has a weird bravado that’s somewhat off putting. A sort of over confidence devoid of any charm, asserting superiority and mastery without having exactly demonstrated any evidence for it yet.
You might as well stay authentic, Kemi faking modesty would be cringe and transparent. Could probably cut down on the arguing over cat identifiers etc though.
I am not sure this is a valid criticism per se, every party leader often has a fanatical amount of self belief, I am sure similar criticisms would have been aimed at Mrs Thatcher during the mid to late 1970s
There is a case for being tough and obstinate as Leader of the Opposition and really getting into the government. Although a bit more charm and humour from Kemi would not go amiss PM Starmer also is hardly Mr Charm and Charisma either and also has a huge ego.
Farage has more charm and charisma than both but he has the opposite problem in that he is often too laid back and not serious enough, although also a control freak like they are
I am not sure this is a valid criticism per se, every party leader often has a fanatical amount of self belief, I am sure similar criticisms would have been aimed at Mrs Thatcher during the mid to late 1970s
The only way to tell if folk have really read the header is when they call out your typos.
Sometimes I wonder if the lack of charm we’re clearly all seeing in leaders is a class thing, we’re doing cold turkey from years of charming but ultimately useless Etonians who played an anaesthetising tune and told good stories to distract us as the Titanic sank.
Perhaps it’s better for us to be led by people who are awkwardly abrasive. We need to wake up.
The right wing press attacks Labour leadership, not exactly newsworthy.
Starmer has set himself quite the problem, though. Having now declared that both Lammy and Reeves are in post for the rest of this Parliament, he's going to be asked this about every senior minister, in due course.
Which will considerably raise the stakes on his first major reshuffle.
The right wing press attacks Labour leadership, not exactly newsworthy.
Starmer has set himself quite the problem, though. Having now declared that both Lammy and Reeves are in post for the rest of this Parliament, he's going to be asked this about every senior minister, in due course.
Which will considerably raise the stakes on his first major reshuffle.
Nah. Just say yes now and then if you want to back a change later cite events . Schoolboy politics.
I don’t mean they will lose the next GE, I mean they could easily disappear as a party of government. Because what then is the point of them?
@williamglenn gets a lot of stick for his analysis that the next election could be between Tories and Reform but in this light it makes sense
Reform will be the working class socially conservative patriotic zero migration right wing and the Tories will be the centrist Christian democrats for the middle classes
The Lib Dems will take the rich and the bitter Remainers, greens will get the greens
SNP will extinguish Labour in Scotland again and the Muslim party will start to take the Muslim vote
That leaves Labour with train drivers and maybe a dog in Yorkshire that inexplicably has suffrage
"Kemi, unfortunately, has bought into her own mythology. Her self-image far outstrips her actual abilities, a dangerous delusion that has led her to miscalculate time and again."
Virtually all senior politicians have that "dangerous delusion".
It worked for Blair for ten years, albeit aided by a fawning press, and indeed just got Keir Starmer into Downing Street, despite his lack of any convincing policies or competence or judgement.
Cummings, Cameron and Michael Gove are striking examples on the other side.
The question is, how long it takes before the voters rumble you.
Im delighted to see youre sharing your tips on how to be modest
My new year's resolution is to be less conceited, my friends and colleagues wondered if I could achieve it but I told them not to worry, it would be easy for somebody as brilliant as me.
I don’t mean they will lose the next GE, I mean they could easily disappear as a party of government. Because what then is the point of them?
@williamglenn gets a lot of stick for his analysis that the next election could be between Tories and Reform but in this light it makes sense
Reform will be the working class socially conservative patriotic zero migration right wing and the Tories will be the centrist Christian democrats for the middle classes
The Lib Dems will take the rich and the bitter Remainers, greens will get the greens
SNP will extinguish Labour in Scotland again and the Muslim party will start to take the Muslim vote
That leaves Labour with train drivers and maybe a dog in Yorkshire that inexplicably has suffrage
If Labour goes for deep spending cuts rather than taxes for the rich then yes its remaining core vote of the public sector and students and unions would leak heavily to the Greens. In which case they could fall even lower than now and they are already polling below Brown 2010 levels
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Not exactly negative. Relays the PMs own message almost verbatim . The article is sympathetic
Heavy-duty austerity coming down the line. Just what Labour needs to show how its "plan for growth" is delivering...
That’s more a question of difficult economic fundamentals not a days headlines though isn’t it?
The right wing press going off on one is priced in. I think you might have forgotten what they do during Labour governments. It has been a while.
Still at least you can rely on Twitter Facebook and the Gram to be reliably pro left and
OH
Hard times for the left across the West. The Vibeshiff is accelerating
Politics is volatile. Anyone claiming ultimate victory or shifts might be premature. What we do know is that being in office is hard right now. It will be hard for Trump, who knows where he will be six months in.
I don’t mean they will lose the next GE, I mean they could easily disappear as a party of government. Because what then is the point of them?
@williamglenn gets a lot of stick for his analysis that the next election could be between Tories and Reform but in this light it makes sense
Reform will be the working class socially conservative patriotic zero migration right wing and the Tories will be the centrist Christian democrats for the middle classes
The Lib Dems will take the rich and the bitter Remainers, greens will get the greens
SNP will extinguish Labour in Scotland again and the Muslim party will start to take the Muslim vote
That leaves Labour with train drivers and maybe a dog in Yorkshire that inexplicably has suffrage
If Labour goes for deep spending cuts rather than taxes for the rich then yes its remaining core vote of the public sector and students and unions would leak heavily to the Greens. In which case they could fall even lower than now and they are already polling below Brown 2010 levels
They are now in a deeply horrible position of a forced choice between
1. Major tax rises which will drive the economy even faster into the wall, guaranteeing recession throughout their term, pretty much - and ensuring calamitous defeat in 2028
Or
2. “Ruthless spending cuts” which might stabilise the economy but which will enrage their remaining voters and their union donors and their media cheerleaders - ensuring calamitous defeat in 2028
I don’t mean they will lose the next GE, I mean they could easily disappear as a party of government. Because what then is the point of them?
@williamglenn gets a lot of stick for his analysis that the next election could be between Tories and Reform but in this light it makes sense
Reform will be the working class socially conservative patriotic zero migration right wing and the Tories will be the centrist Christian democrats for the middle classes
The Lib Dems will take the rich and the bitter Remainers, greens will get the greens
SNP will extinguish Labour in Scotland again and the Muslim party will start to take the Muslim vote
That leaves Labour with train drivers and maybe a dog in Yorkshire that inexplicably has suffrage
William got alot of stick from Harris rampers here for posting pro-Trump polls and commentary in the run up to the US Presidential election.
He was right about that and Team "Mommala" were all at sea.
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Not exactly negative. Relays the PMs own message almost verbatim . The article is sympathetic
Heavy-duty austerity coming down the line. Just what Labour needs to show how its "plan for growth" is delivering...
That’s more a question of difficult economic fundamentals not a days headlines though isn’t it?
The right wing press going off on one is priced in. I think you might have forgotten what they do during Labour governments. It has been a while.
Still at least you can rely on Twitter Facebook and the Gram to be reliably pro left and
OH
Hard times for the left across the West. The Vibeshiff is accelerating
Politics is volatile. Anyone claiming ultimate victory or shifts might be premature. What we do know is that being in office is hard right now. It will be hard for Trump, who knows where he will be six months in.
Trump, is he pursues his tariffs, will make it alot harder for himself than it needs to be. Especially given the amount of debt the US has maturing in the next three months.
The Brexit benefits are piling up. The obvious question from that useless BBC article is 100% of what?
It’s all a bit nebulous right now - no idea of when it will be brought in, no idea of whether it’s backdated, if it’s 100% on purchase cost. Just a bit of red meat really at present.
Lloyds bankers could face a cut to their hard earned bonus unless they spend at least two days a week in the office as the back to the office surge continues.
Are there any markets on which of Trump's populist loons will exit first? Allegedly RFK jnr is against seed oils as well as vax, which sets him against agri-business. Got to be value in who and how many are gone in 2025.
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Not exactly negative. Relays the PMs own message almost verbatim . The article is sympathetic
Heavy-duty austerity coming down the line. Just what Labour needs to show how its "plan for growth" is delivering...
That’s more a question of difficult economic fundamentals not a days headlines though isn’t it?
The right wing press going off on one is priced in. I think you might have forgotten what they do during Labour governments. It has been a while.
Still at least you can rely on Twitter Facebook and the Gram to be reliably pro left and
OH
Hard times for the left across the West. The Vibeshiff is accelerating
Politics is volatile. Anyone claiming ultimate victory or shifts might be premature. What we do know is that being in office is hard right now. It will be hard for Trump, who knows where he will be six months in.
But this is above and beyond partisan political shifts. This is a secular move to the right, even the radical right, across the west. It’s visible everywhere
It is also the abandonment of several decades of liberal multicultural pro immigration group think which has so long dominated our discourse, and grievously damaged Europe and, to a lesser extent, the USA
eg who would now confidently bet against President Mme Le Pen?
Are there any markets on which of Trump's populist loons will exit first? Allegedly RFK jnr is against seed oils as well as vax, which sets him against agri-business. Got to be value in who and how many are gone in 2025.
They need to be approved by the Senate before they can go! That’s the immediate question: will RFK Jnr ever get into post to start with.
I don’t mean they will lose the next GE, I mean they could easily disappear as a party of government. Because what then is the point of them?
@williamglenn gets a lot of stick for his analysis that the next election could be between Tories and Reform but in this light it makes sense
Reform will be the working class socially conservative patriotic zero migration right wing and the Tories will be the centrist Christian democrats for the middle classes
The Lib Dems will take the rich and the bitter Remainers, greens will get the greens
SNP will extinguish Labour in Scotland again and the Muslim party will start to take the Muslim vote
That leaves Labour with train drivers and maybe a dog in Yorkshire that inexplicably has suffrage
The problem for the existing parties is that the settlement they have bought into, collectively, isn’t perceived as working.
As Tony Blair pointed out, without some red meat for the core (hunting, say) politics is just arguing about spending or not spending 5% of GDP.
While politicians try to live in managerial mode, they don’t have skills or the power to reform the system. Where I work, we are managing the replacement of the back office for the bank, piece by piece. The result is faster, better, cheaper. It will save quite a lot of money.
Just take in one area - compliance. How can you save of compliance? We’ll, if the system is properly documented, does all kind of internal reconciliation automatically, and chucks out all the required reports and stats at a touch of a button, the bank’s side of auditing etc becomes really easy. Instead of a whole department wrestling with stacks of paper.
Government doesn’t have the skills for this, generally. Which means that over time, the natural accretion of process will cause things to stop.
We live in an age where many projects are rejected at concept stage, because the regulatory pain of getting them started I so great. Anything that takes more than 5 years to show results is politically nearly impossible.
So all the traditional parties can offer is the same. But it will cost more, each year, ahead of inflation.
Im delighted to see youre sharing your tips on how to be modest
My new year's resolution is to be less conceited, my friends and colleagues wondered if I could achieve it but I told them not to worry, it would be easy for somebody as brilliant as me.
Im delighted to see youre sharing your tips on how to be modest
My new year's resolution is to be less conceited, my friends and colleagues wondered if I could achieve it but I told them not to worry, it would be easy for somebody as brilliant as me.
This should have been the header. Reeves is a Treasury technocrat, like Osborne implementing Treasury (and OBR orthodoxy) which (a) does not work and (b) is being undermined by the Bank of England.
Sometimes I wonder if the lack of charm we’re clearly all seeing in leaders is a class thing, we’re doing cold turkey from years of charming but ultimately useless Etonians who played an anaesthetising tune and told good stories to distract us as the Titanic sank.
Perhaps it’s better for us to be led by people who are awkwardly abrasive. We need to wake up.
That's a really interesting take. I'd swap quite a lot of charm for some fundamental decency and probity.
I don’t mean they will lose the next GE, I mean they could easily disappear as a party of government. Because what then is the point of them?
@williamglenn gets a lot of stick for his analysis that the next election could be between Tories and Reform but in this light it makes sense
Reform will be the working class socially conservative patriotic zero migration right wing and the Tories will be the centrist Christian democrats for the middle classes
The Lib Dems will take the rich and the bitter Remainers, greens will get the greens
SNP will extinguish Labour in Scotland again and the Muslim party will start to take the Muslim vote
That leaves Labour with train drivers and maybe a dog in Yorkshire that inexplicably has suffrage
The problem for the existing parties is that the settlement they have bought into, collectively, isn’t perceived as working.
As Tony Blair pointed out, without some red meat for the core (hunting, say) politics is just arguing about spending or not spending 5% of GDP.
While politicians try to live in managerial mode, they don’t have skills or the power to reform the system. Where I work, we are managing the replacement of the back office for the bank, piece by piece. The result is faster, better, cheaper. It will save quite a lot of money.
Just take in one area - compliance. How can you save of compliance? We’ll, if the system is properly documented, does all kind of internal reconciliation automatically, and chucks out all the required reports and stats at a touch of a button, the bank’s side of auditing etc becomes really easy. Instead of a whole department wrestling with stacks of paper.
Government doesn’t have the skills for this, generally. Which means that over time, the natural accretion of process will cause things to stop.
We live in an age where many projects are rejected at concept stage, because the regulatory pain of getting them started I so great. Anything that takes more than 5 years to show results is politically nearly impossible.
So all the traditional parties can offer is the same. But it will cost more, each year, ahead of inflation.
The voters aren’t impressed by that.
TBF technology is about to change all that. A fact of which even Skyr Toolmakersson seems dimly aware
That is the black swan just over the event horizon: for everyone and everything. And all forecasts and predictions must be seen in that context
The Brexit benefits are piling up. The obvious question from that useless BBC article is 100% of what?
It’s setting the property transfer tax at (up to) 100%. If you buy a property that costs £500,000, you pay £500,000 in tax on top.
"A Place in the Sun" could be on borrowed time.
Good morning
It is not only going to deter non EU residents buying but it will poleaxe those homes resale value
Mind you, second home ownership is coming under fire not only here in Wales, but in othe parts of the UK with upto 300% council taxes and that is payable every year
The other day I asked for some polling on Reform supporters, to understand the different factions etc.
I found some. Hope not Hate polled 4000 Reform voters back August 2024 to find out what makes them tick, and it is analysed on pages 28-32 of this report aimed at understanding Reform UK - imo the rest is worth a read too. As usual, Nick Lowles expresses some opinion from a progressive viewpoint, but in the context of useful research / commentary.
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Not exactly negative. Relays the PMs own message almost verbatim . The article is sympathetic
Heavy-duty austerity coming down the line. Just what Labour needs to show how its "plan for growth" is delivering...
That’s more a question of difficult economic fundamentals not a days headlines though isn’t it?
The right wing press going off on one is priced in. I think you might have forgotten what they do during Labour governments. It has been a while.
Still at least you can rely on Twitter Facebook and the Gram to be reliably pro left and
OH
Hard times for the left across the West. The Vibeshiff is accelerating
Politics is volatile. Anyone claiming ultimate victory or shifts might be premature. What we do know is that being in office is hard right now. It will be hard for Trump, who knows where he will be six months in.
But this is above and beyond partisan political shifts. This is a secular move to the right, even the radical right, across the west. It’s visible everywhere
It is also the abandonment of several decades of liberal multicultural pro immigration group think which has so long dominated our discourse, and grievously damaged Europe and, to a lesser extent, the USA
eg who would now confidently bet against President Mme Le Pen?
Or it’s people reacting to Trumps victory. Things go up and down a lot.
Meantime I worry for the right aligning too closely with Putin. Not good for the U.K or the world.
100% not necessary but in the UK the non resident surcharge is just 2%. Bump it up to 10%-15% asap.
In a country starved of houses, it does feel that second homes and vacant investment lock up and leave properties are luxuries the nation cannot afford.
Im delighted to see youre sharing your tips on how to be modest
My new year's resolution is to be less conceited, my friends and colleagues wondered if I could achieve it but I told them not to worry, it would be easy for somebody as brilliant as me.
100% not necessary but in the UK the non resident surcharge is just 2%. Bump it up to 10%-15% asap.
In a country starved of houses, it does feel that second homes and vacant investment lock up and leave properties are luxuries the nation cannot afford.
Partly that but also despite all the doommongers the UK is a great place for the global elite to live and buy property in. Charge them for it! We are skint, they are not.
100% not necessary but in the UK the non resident surcharge is just 2%. Bump it up to 10%-15% asap.
In a country starved of houses, it does feel that second homes and vacant investment lock up and leave properties are luxuries the nation cannot afford.
Are there any markets on which of Trump's populist loons will exit first? Allegedly RFK jnr is against seed oils as well as vax, which sets him against agri-business. Got to be value in who and how many are gone in 2025.
They need to be approved by the Senate before they can go! That’s the immediate question: will RFK Jnr ever get into post to start with.
Probably. The Senate Republicans aren't going to turn down very many, if any, of Trump's basket of deplorables. And there are more dangerous nominees than Kennedy
The Brexit benefits are piling up. The obvious question from that useless BBC article is 100% of what?
It’s setting the property transfer tax at (up to) 100%. If you buy a property that costs £500,000, you pay £500,000 in tax on top.
"A Place in the Sun" could be on borrowed time.
Good morning
It is not only going to deter non EU residents buying but it will poleaxe those homes resale value
Mind you, second home ownership is coming under fire not only here in Wales, but in othe parts of the UK with upto 300% council taxes and that is payable every year
Most foreign homebuyers in Spain are EU residents (or EU citizens, I assume the test is citizenship). Add in those Brits with some form of EU citizenship or settled status, via Irish ancestors or having been in Spain when the curtain fell, and it looks like this measure would have pretty limited effect.
It’ll put off a few rich Americans, some Russians, and a few Brits.
The Brexit benefits are piling up. The obvious question from that useless BBC article is 100% of what?
It’s setting the property transfer tax at (up to) 100%. If you buy a property that costs £500,000, you pay £500,000 in tax on top.
"A Place in the Sun" could be on borrowed time.
There are only so many episodes they can film in the isles of Scilly really.
Fear not, the Isle of Bute will be a tropical paradise afore long.
Rename it to the Isle of Beaut.
A place in the sun is shit these days anyway. They just hang around the same places ad infinitum, spending budgets of 100 grand on 2 bed flats.
They need to mix it up a bit. Increase the average budget for a start so people are spending 200k plus, get more people who are interested in buying actual proper houses with gardens, and move beyond Almeria, Murcia, the Algarve and Charente.
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Not exactly negative. Relays the PMs own message almost verbatim . The article is sympathetic
Heavy-duty austerity coming down the line. Just what Labour needs to show how its "plan for growth" is delivering...
That’s more a question of difficult economic fundamentals not a days headlines though isn’t it?
The right wing press going off on one is priced in. I think you might have forgotten what they do during Labour governments. It has been a while.
Still at least you can rely on Twitter Facebook and the Gram to be reliably pro left and
OH
Hard times for the left across the West. The Vibeshiff is accelerating
It's a pendulum. It will swing back.
But this is a secular trend not some annual partisan ping pong
For the want of a better word “progressive” politics have been in the ascendant in the west for maybe half a century or more. Of course this is a huge generalisation with many caveats and exceptions but it is nonetheless true
This pendulum is now swinging - finally - in the other direction - and this will presumably be another decades long process and we will see some kind of peak radical right supremacy in about 2050-60
But again there will be many exceptions and anomalies
This should have been the header. Reeves is a Treasury technocrat, like Osborne implementing Treasury (and OBR orthodoxy) which (a) does not work and (b) is being undermined by the Bank of England.
I don’t agree that economic orthodoxy doesn’t work.
In the run up to 2008 we grossly and recklessly operated a defunct regulatory scheme devised by G Brown esq. That system required masses of form filling to keep bureaucrats gainfully employed but essentially ignored structural risk. The reckless lending this tolerated allowed our economy to grow a bit faster than most of our peers but meant that when the crash came we were far more exposed than any other medium sized country.
The consequences of this meant we were left with a massive structural deficit based upon spending both on and off the books that needed to be addressed. Osborne did this quite successfully reducing the deficit gradually avoiding any recession of note.
By the time Osborne left things were getting back to some sort of normal, albeit there was a major backlog of work that had been deferred. Since then we have had the disaster of Covid, the major slowdown of China, the invasion of Ukraine, the sanctions of Russia with the consequential explosion in gas prices and inflation.
An economy that had not fully recovered from the collapse of 2008 has struggled to cope with this wave of problems and challenges. The idea we could somehow avoid the consequences of 2008 and the subsequent issues is just another fantasy.
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Surely those who are right of centre will be cheering at the prospect of spending cuts?
Yes but I am more loving the fact that after been told for fourteen years that austerity was a choice that actually it is an economic reality.
That's the thing, it was a choice; now it's a necessity.
The flaw with Osborne's 'long term economic plan' was that, while sticking to discipline on current spending, he should not have cut investment. Indeed he ought to have borrowed more for that.
Are there any markets on which of Trump's populist loons will exit first? Allegedly RFK jnr is against seed oils as well as vax, which sets him against agri-business. Got to be value in who and how many are gone in 2025.
They need to be approved by the Senate before they can go! That’s the immediate question: will RFK Jnr ever get into post to start with.
Probably. The Senate Republicans aren't going to turn down very many, if any, of Trump's basket of deplorables. And there are more dangerous nominees than Kennedy
There are nominees who will doom Ukraine, but Kennedy, if he goes full anti-vax, could lead to hundreds of thousands of kids dying in the US.
Im delighted to see youre sharing your tips on how to be modest
My new year's resolution is to be less conceited, my friends and colleagues wondered if I could achieve it but I told them not to worry, it would be easy for somebody as brilliant as me.
"...as I"
Tut.
Pedantry. "As me" is also grammatically correct, since it's an abbreviated version of "as compared with me".
The Brexit benefits are piling up. The obvious question from that useless BBC article is 100% of what?
It’s setting the property transfer tax at (up to) 100%. If you buy a property that costs £500,000, you pay £500,000 in tax on top.
"A Place in the Sun" could be on borrowed time.
Good morning
It is not only going to deter non EU residents buying but it will poleaxe those homes resale value
Mind you, second home ownership is coming under fire not only here in Wales, but in othe parts of the UK with upto 300% council taxes and that is payable every year
Most foreign homebuyers in Spain are EU residents (or EU citizens, I assume the test is citizenship). Add in those Brits with some form of EU citizenship or settled status, via Irish ancestors or having been in Spain when the curtain fell, and it looks like this measure would have pretty limited effect.
It’ll put off a few rich Americans, some Russians, and a few Brits.
27,000 such purchases last year. Given its punative nature, over a decade it will mean 100k plus properties owned by locals, plus extra tax revenue. Neither significant on their own, but not unsubstantial either.
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Surely those who are right of centre will be cheering at the prospect of spending cuts?
Yes but I am more loving the fact that after been told for fourteen years that austerity was a choice that actually it is an economic reality.
That's the thing, it was a choice; now it's a necessity.
The flaw with Osborne's 'long term economic plan' was that, while sticking to discipline on current spending, he should not have cut investment. Indeed he ought to have borrowed more for that.
That’s the challenge for the government. Austerity led us here. It just kicked the can down the road. Only now we have less resources to invest turn things around.
This should have been the header. Reeves is a Treasury technocrat, like Osborne implementing Treasury (and OBR orthodoxy) which (a) does not work and (b) is being undermined by the Bank of England.
I don’t agree that economic orthodoxy doesn’t work.
In the run up to 2008 we grossly and recklessly operated a defunct regulatory scheme devised by G Brown esq. That system required masses of form filling to keep bureaucrats gainfully employed but essentially ignored structural risk. The reckless lending this tolerated allowed our economy to grow a bit faster than most of our peers but meant that when the crash came we were far more exposed than any other medium sized country.
The consequences of this meant we were left with a massive structural deficit based upon spending both on and off the books that needed to be addressed. Osborne did this quite successfully reducing the deficit gradually avoiding any recession of note.
By the time Osborne left things were getting back to some sort of normal, albeit there was a major backlog of work that had been deferred. Since then we have had the disaster of Covid, the major slowdown of China, the invasion of Ukraine, the sanctions of Russia with the consequential explosion in gas prices and inflation.
An economy that had not fully recovered from the collapse of 2008 has struggled to cope with this wave of problems and challenges. The idea we could somehow avoid the consequences of 2008 and the subsequent issues is just another fantasy.
Why do Tories when outlining how hard done by the Conservative Governments were due to externalities like COVID and Ukraine, always forget the negative impact of Brexit?
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Surely those who are right of centre will be cheering at the prospect of spending cuts?
Yes but I am more loving the fact that after been told for fourteen years that austerity was a choice that actually it is an economic reality.
That's the thing, it was a choice; now it's a necessity.
The flaw with Osborne's 'long term economic plan' was that, while sticking to discipline on current spending, he should not have cut investment. Indeed he ought to have borrowed more for that.
There are infrastructure projects we are doing now which were mooted/cut during Osbornes time. Back then we could borrow much cheaper than now, and we would have had them finished by now, so would have longer to reap the rewards.
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Surely those who are right of centre will be cheering at the prospect of spending cuts?
Yes but I am more loving the fact that after been told for fourteen years that austerity was a choice that actually it is an economic reality.
That's the thing, it was a choice; now it's a necessity.
The flaw with Osborne's 'long term economic plan' was that, while sticking to discipline on current spending, he should not have cut investment. Indeed he ought to have borrowed more for that.
I know the Thatcher household analogy is overused and incorrect, but at household level if interest rates are near zero you borrow to invest in almost anything giving a positive return; if they are 5 or 6% you think very carefully about what kind of investment will deliver that kind of ROI.
Or to adjust Cameron’s fixing the roof metaphor, you should take out a loan to fix the roof, festoon it with photovoltaics, install double glazing, build a granny annex and put a studio on the garden while the borrowing rate is nearly zero.
Are there any markets on which of Trump's populist loons will exit first? Allegedly RFK jnr is against seed oils as well as vax, which sets him against agri-business. Got to be value in who and how many are gone in 2025.
They need to be approved by the Senate before they can go! That’s the immediate question: will RFK Jnr ever get into post to start with.
Probably. The Senate Republicans aren't going to turn down very many, if any, of Trump's basket of deplorables. And there are more dangerous nominees than Kennedy
There are nominees who will doom Ukraine, but Kennedy, if he goes full anti-vax, could lead to hundreds of thousands of kids dying in the US.
I doubt it. It's not as though he will be able to ban vaccines - or that there isn't a very large cohort of Americans who already refuse vaccination.
He's a dismal appointment, but others are potentially worse. And morally to alarm some Senate Republicans.
This should have been the header. Reeves is a Treasury technocrat, like Osborne implementing Treasury (and OBR orthodoxy) which (a) does not work and (b) is being undermined by the Bank of England.
I don’t agree that economic orthodoxy doesn’t work.
In the run up to 2008 we grossly and recklessly operated a defunct regulatory scheme devised by G Brown esq. That system required masses of form filling to keep bureaucrats gainfully employed but essentially ignored structural risk. The reckless lending this tolerated allowed our economy to grow a bit faster than most of our peers but meant that when the crash came we were far more exposed than any other medium sized country.
The consequences of this meant we were left with a massive structural deficit based upon spending both on and off the books that needed to be addressed. Osborne did this quite successfully reducing the deficit gradually avoiding any recession of note.
By the time Osborne left things were getting back to some sort of normal, albeit there was a major backlog of work that had been deferred. Since then we have had the disaster of Covid, the major slowdown of China, the invasion of Ukraine, the sanctions of Russia with the consequential explosion in gas prices and inflation.
An economy that had not fully recovered from the collapse of 2008 has struggled to cope with this wave of problems and challenges. The idea we could somehow avoid the consequences of 2008 and the subsequent issues is just another fantasy.
Why do Tories when outlining how hard done by the Conservative Governments were due to externalities like COVID and Ukraine, always forget the negative impact of Brexit?
The right wing press attacks Labour leadership, not exactly newsworthy.
The Guardian - right wing?
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Not exactly negative. Relays the PMs own message almost verbatim . The article is sympathetic
Heavy-duty austerity coming down the line. Just what Labour needs to show how its "plan for growth" is delivering...
That’s more a question of difficult economic fundamentals not a days headlines though isn’t it?
The right wing press going off on one is priced in. I think you might have forgotten what they do during Labour governments. It has been a while.
Still at least you can rely on Twitter Facebook and the Gram to be reliably pro left and
OH
Hard times for the left across the West. The Vibeshiff is accelerating
It's a pendulum. It will swing back.
But this is a secular trend not some annual partisan ping pong
For the want of a better word “progressive” politics have been in the ascendant in the west for maybe half a century or more. Of course this is a huge generalisation with many caveats and exceptions but it is nonetheless true
This pendulum is now swinging - finally - in the other direction - and this will presumably be another decades long process and we will see some kind of peak radical right supremacy in about 2050-60
But again there will be many exceptions and anomalies
This should have been the header. Reeves is a Treasury technocrat, like Osborne implementing Treasury (and OBR orthodoxy) which (a) does not work and (b) is being undermined by the Bank of England.
I don’t agree that economic orthodoxy doesn’t work.
In the run up to 2008 we grossly and recklessly operated a defunct regulatory scheme devised by G Brown esq. That system required masses of form filling to keep bureaucrats gainfully employed but essentially ignored structural risk. The reckless lending this tolerated allowed our economy to grow a bit faster than most of our peers but meant that when the crash came we were far more exposed than any other medium sized country.
The consequences of this meant we were left with a massive structural deficit based upon spending both on and off the books that needed to be addressed. Osborne did this quite successfully reducing the deficit gradually avoiding any recession of note.
By the time Osborne left things were getting back to some sort of normal, albeit there was a major backlog of work that had been deferred. Since then we have had the disaster of Covid, the major slowdown of China, the invasion of Ukraine, the sanctions of Russia with the consequential explosion in gas prices and inflation.
An economy that had not fully recovered from the collapse of 2008 has struggled to cope with this wave of problems and challenges. The idea we could somehow avoid the consequences of 2008 and the subsequent issues is just another fantasy.
Why do Tories when outlining how hard done by the Conservative Governments were due to externalities like COVID and Ukraine, always forget the negative impact of Brexit?
Because Jacob Rees-Mogg said we'd be hundreds of billions of pounds better off. Obviously that was before Rachel from Accounts gave it all to the train drivers.
100% not necessary but in the UK the non resident surcharge is just 2%. Bump it up to 10%-15% asap.
In a country starved of houses, it does feel that second homes and vacant investment lock up and leave properties are luxuries the nation cannot afford.
The occupancy rate in the U.K. is extremely high, in general. It’s one of the indicators of the scale of the shortage of housing
Comments
Good morning all…looks like another sunny day is on the way….
Have you SEEN today's papers?
https://www.bbc.co.uk/news/articles/cyv47mpdly0o
It would just come over as totally inauthentic.
I am not sure this is a valid criticism per se, every party leader often has a fanatical amount of self belief, I am sure similar criticisms would have been aimed at Mrs Thatcher during the mid to late 1970s
Not great headlines
Turns out both his parents ran for office too, in the 1980s
Farage has more charm and charisma than both but he has the opposite problem in that he is often too laid back and not serious enough, although also a control freak like they are
Perhaps it’s better for us to be led by people who are awkwardly abrasive. We need to wake up.
"Starmer backs Reeves and warns of "ruthless" public spending cuts"
Having now declared that both Lammy and Reeves are in post for the rest of this Parliament, he's going to be asked this about every senior minister, in due course.
Which will considerably raise the stakes on his first major reshuffle.
I don’t mean they will lose the next GE, I mean they could easily disappear as a party of government. Because what then is the point of them?
@williamglenn gets a lot of stick for his analysis that the next election could be between Tories and Reform but in this light it makes sense
Reform will be the working class socially conservative patriotic zero migration right wing and the Tories will be the centrist Christian democrats for the middle classes
The Lib Dems will take the rich and the bitter Remainers, greens will get the greens
SNP will extinguish Labour in Scotland again and the Muslim party will start to take the Muslim vote
That leaves Labour with train drivers and maybe a dog in Yorkshire that inexplicably has suffrage
Virtually all senior politicians have that "dangerous delusion".
It worked for Blair for ten years, albeit aided by a fawning press, and indeed just got Keir Starmer into Downing Street, despite his lack of any convincing policies or competence or judgement.
Cummings, Cameron and Michael Gove are striking examples on the other side.
The question is, how long it takes before the voters rumble you.
The right wing press going off on one is priced in. I think you might have forgotten what they do during Labour governments. It has been a while.
"Spain plans 100% tax for homes bought by non-EU residents - BBC News" https://www.bbc.co.uk/news/articles/cr7enzjrymxo
OH
Hard times for the left across the West. The Vibeshiff is accelerating
The obvious question from that useless BBC article is 100% of what?
1. Major tax rises which will drive the economy even faster into the wall, guaranteeing recession throughout their term, pretty much - and ensuring calamitous defeat in 2028
Or
2. “Ruthless spending cuts” which might stabilise the economy but which will enrage their remaining voters and their union donors and their media cheerleaders - ensuring calamitous defeat in 2028
They are third.
He was right about that and Team "Mommala" were all at sea.
https://www.msn.com/en-gb/money/other/lloyds-bankers-could-face-bonus-cuts-unless-they-turn-up-to-office-at-least-two-days-a-week/ar-BB1rm0BI?ocid=entnewsntp&pc=U531&cvid=1b96d444bc454636a1ed1fe07f345ff4&ei=17
Allegedly RFK jnr is against seed oils as well as vax, which sets him against agri-business. Got to be value in who and how many are gone in 2025.
It is also the abandonment of several decades of liberal multicultural pro immigration group think which has so long dominated our discourse, and grievously damaged Europe and, to a lesser extent, the USA
eg who would now confidently bet against President Mme Le Pen?
As Tony Blair pointed out, without some red meat for the core (hunting, say) politics is just arguing about spending or not spending 5% of GDP.
While politicians try to live in managerial mode, they don’t have skills or the power to reform the system. Where I work, we are managing the replacement of the back office for the bank, piece by piece. The result is faster, better, cheaper. It will save quite a lot of money.
Just take in one area - compliance. How can you save of compliance? We’ll, if the system is properly documented, does all kind of internal reconciliation automatically, and chucks out all the required reports and stats at a touch of a button, the bank’s side of auditing etc becomes really easy. Instead of a whole department wrestling with stacks of paper.
Government doesn’t have the skills for this, generally. Which means that over time, the natural accretion of process will cause things to stop.
We live in an age where many projects are rejected at concept stage, because the regulatory pain of getting them started I so great. Anything that takes more than 5 years to show results is politically nearly impossible.
So all the traditional parties can offer is the same. But it will cost more, each year, ahead of inflation.
The voters aren’t impressed by that.
(Good morning everyone.)
(Good morning everyone.)
In today's technofeudalism news, I wonder about this new story about Musk buying Tiktok.
This Government’s fatal flaw is not its socialist radicalism, but its devotion to bankrupt economic orthodoxy
https://www.telegraph.co.uk/news/2025/01/13/reeves-duped-by-the-very-establishment-she-champions/ (£££)
This should have been the header. Reeves is a Treasury technocrat, like Osborne implementing Treasury (and OBR orthodoxy) which (a) does not work and (b) is being undermined by the Bank of England.
Good morning, everybody.
That is the black swan just over the event horizon: for everyone and everything. And all forecasts and predictions must be seen in that context
It is not only going to deter non EU residents buying but it will poleaxe those homes resale value
Mind you, second home ownership is coming under fire not only here in Wales, but in othe parts of the UK with upto 300% council taxes and that is payable every year
I found some. Hope not Hate polled 4000 Reform voters back August 2024 to find out what makes them tick, and it is analysed on pages 28-32 of this report aimed at understanding Reform UK - imo the rest is worth a read too. As usual, Nick Lowles expresses some opinion from a progressive viewpoint, but in the context of useful research / commentary.
https://hopenothate.org.uk/wp-content/uploads/2024/09/HOPE-not-hate-reform-uk-what-you-need-to-know-2024.pdf
Here's a clip on enthusiasm for Tommy Robinson:
Meantime I worry for the right aligning too closely with Putin. Not good for the U.K or the world.
Tut.
It will swing back.
The Senate Republicans aren't going to turn down very many, if any, of Trump's basket of deplorables.
And there are more dangerous nominees than Kennedy
Will be very interesting to see if, something happened to Trump, and Vance takes over if he could break free of MAGA and be his own man.
https://www.theguardian.com/us-news/2025/jan/13/jd-vance-trump-fox-january-6
It’ll put off a few rich Americans, some Russians, and a few Brits.
Edit: pretty pic of palm trees in snow.
https://www.facebook.com/VisitBute/posts/pfbid0btq7CQWo6iMKuMt93yabQKGLrLQU56VS46ktT4ptbEvAxFv6qCUK2HZZ8Y2Zk1Uwl?locale=sl_SI
By far the worst Kemi thing isn't any personality traits though, it's the policy drought.
They need to mix it up a bit. Increase the average budget for a start so people are spending 200k plus, get more people who are interested in buying actual proper houses with gardens, and move beyond Almeria, Murcia, the Algarve and Charente.
For the want of a better word “progressive” politics have been in the ascendant in the west for maybe half a century or more. Of course this is a huge generalisation with many caveats and exceptions but it is nonetheless true
This pendulum is now swinging - finally - in the other direction - and this will presumably be another decades long process and we will see some kind of peak radical right supremacy in about 2050-60
But again there will be many exceptions and anomalies
In the run up to 2008 we grossly and recklessly operated a defunct regulatory scheme devised by G Brown esq. That system required masses of form filling to keep bureaucrats gainfully employed but essentially ignored structural risk. The reckless lending this tolerated allowed our economy to grow a bit faster than most of our peers but meant that when the crash came we were far more exposed than any other medium sized country.
The consequences of this meant we were left with a massive structural deficit based upon spending both on and off the books that needed to be addressed. Osborne did this quite successfully reducing the deficit gradually avoiding any recession of note.
By the time Osborne left things were getting back to some sort of normal, albeit there was a major backlog of work that had been deferred. Since then we have had the disaster of Covid, the major slowdown of China, the invasion of Ukraine, the sanctions of Russia with the consequential explosion in gas prices and inflation.
An economy that had not fully recovered from the collapse of 2008 has struggled to cope with this wave of problems and challenges. The idea we could somehow avoid the consequences of 2008 and the subsequent issues is just another fantasy.
The flaw with Osborne's 'long term economic plan' was that, while sticking to discipline on current spending, he should not have cut investment.
Indeed he ought to have borrowed more for that.
"As me" is also grammatically correct, since it's an abbreviated version of "as compared with me".
https://www.theguardian.com/food/2025/jan/14/norwich-restaurant-charges-100-for-hawaiian-pineapple-pizza
Just like every other pm.
https://x.com/TalkTV/status/1879068943542825413
Or to adjust Cameron’s fixing the roof metaphor, you should take out a loan to fix the roof, festoon it with photovoltaics, install double glazing, build a granny annex and put a studio on the garden while the borrowing rate is nearly zero.
It's not as though he will be able to ban vaccines - or that there isn't a very large cohort of Americans who already refuse vaccination.
He's a dismal appointment, but others are potentially worse. And morally to alarm some Senate Republicans.
'Don't mention the war.'
'But they started it!'