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  • MonikerDiCanioMonikerDiCanio Posts: 5,792

    There are now members of the shadow cabinet younger than me and I'm only 37

    #FeelingOld

    " Only " 37. That's middle-aged.
  • SandyRentoolSandyRentool Posts: 22,842
    MTimT said:

    Kate Green has resigned as shadow equalities minister.

    Who are the ones who won't jump? Presumably McDonnell, the Jellyfish, Abbott, and Thornberry. And Watson will play neutral. Anyone else?
    Those seeking party nominations to be the elected mayor of Manchester or Liverpool won't resign as they need to stay on the right side of the membership.
  • anotherDaveanotherDave Posts: 6,746

    There are now members of the shadow cabinet younger than me and I'm only 37

    #FeelingOld

    " Only " 37. That's middle-aged.
    With that physique? These are the last days.

  • TheWhiteRabbitTheWhiteRabbit Posts: 12,454
    Pulpstar said:

    Why are Lord Bassam and Angela Smith both unable to resign ?

    It's more they can't be sacked - they are appointed by Labour peers. Not attending Cabinet is more effective than resigning.
  • AlanbrookeAlanbrooke Posts: 25,825

    Interesting aside on how much the UK was (and still is currently) actually contributing to the EU.

    "EU commissoner sees 15% fall in EU budget post-Brexit

    Britain's exit from the EU will result in a 15% drop in the bloc's annual budget from 2020, Cornia Cretu, the EU Regional Policy Commissioner, said today"

    I wont believe that until I see it written on a bus.
  • JonathanJonathan Posts: 22,107

    maybe thinking just get to chilcott...

    If that's the case, it's genuinely pathetic. He can make any comment he wants from the backbenches. It will still get attention. Perhaps more so.
  • SandyRentoolSandyRentool Posts: 22,842
    surbiton said:

    How come Luciana Berger has not resigned ?

    I refer the honourable gentleman to the reply I gave some moments ago...
  • Richard_NabaviRichard_Nabavi Posts: 30,822

    Interesting aside on how much the UK was (and still is currently) actually contributing to the EU.

    "EU commissoner sees 15% fall in EU budget post-Brexit

    Britain's exit from the EU will result in a 15% drop in the bloc's annual budget from 2020, Cornia Cretu, the EU Regional Policy Commissioner, said today"

    Sounds about right. We account for something like 18% of the GDP, but pay less than our 'fair' share because of what's left of Maggie's rebate.
  • Scott_PScott_P Posts: 51,453
    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.
  • SandyRentoolSandyRentool Posts: 22,842

    surbiton said:

    How come Luciana Berger has not resigned ?

    mayoral candidates too scared of losing votes
    Just seen that you beat me to it!
  • SandpitSandpit Posts: 56,022

    surbiton said:

    How come Luciana Berger has not resigned ?

    mayoral candidates too scared of losing votes
    Same with Burnham. If Corbyn does end up going, Andy's going to go down with him.
  • TheScreamingEaglesTheScreamingEagles Posts: 121,936
    edited June 2016
  • MTimTMTimT Posts: 7,034

    MTimT said:

    If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.

    Yes please, at least 25% needs to come off London prices...
    I like what Brexit is doing to the pound. Keeping the pound artificially low and boosting UK manufacturing industry, a bit like the effect of the Euro on German industry. Here in the West Midlands that's a good thing - about time we rebalanced the UK economy away from financial services.

    As for house prices, I recall that Osborne tried that threat for a day or so and then didn't mention it for the rest of the campaign. Funny that.
    A plunging pound is not that good for manufacturing as the cost of imported raw materials goes up.

    Costs of fuel too.
    To do the sum for you, Dr Fox.

    Say we are exporting widget A to the USA. Our costs are $10 for the imported oil and $10 for the imported raw material (both sold at $ prices on the international markets). The labour is GBP20 at GBP1 = US1.50. So labour costs $30. We sell for $80, our profit is $30, or GBP20

    The GBP falls to 1 = $1.00

    Now our imported fuel costs $10, our imported raw materials cost $10, our labour costs GBP 20 which is now $20, we sell for $80, our profits are $40, which is now GBP40

    Profits have gone up, whichever currency they are expressed in. At the cost of the labourer who can now buy fewer imported goods.
    How about profits on manufacturing and services companies who don't export goods or services?

    That was not what was being discussed. For those selling to the domestic market, costs of imported fuel and materials go up, labour costs remain the same, all other things being equal. But costs for domestic manufacturing expressed in GBP do not go up as fast as costs for those exporting to the UK, as all their costs go up including labour, when expressed in GBP.

    To do the sums.

    Pound at $1.50
    UK producer costs: fuel $15 + raw materials $15 + labour GBP20 (=$30) = $60 = GBP40
    US producer costs: fuel $15 + raw materials $15 + labour $30 = $60 = GBP40

    Pound at $1
    UK producer costs: fuel $15 (GBP15) + raw materials $15 (GBP15) + labour GBP20 = GBP50
    US producer costs: fuel $15 (GBP15) + raw materials $15 (GBP15) + labour $30 (GBP30) = GBP60

    Ergo UK manufacturers gain competitivity in both domestic and export markets. The loser is the domestic consumer.
  • rottenboroughrottenborough Posts: 65,829
    Scott_P said:

    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.

    Has nobody told him yet that he is a scouser?
  • david_herdsondavid_herdson Posts: 18,277
    Pong said:

    Jim Waterson
    ✔ ‎@jimwaterson

    Corbyn's team pledge to fill all open shadow cabinet positions today and promise to include some "surprising names".

    --

    Jeff from Macclesfield?
  • AlistairAlistair Posts: 23,670
    TGOHF said:

    Is there PMQs on Wednesday ? Could be fun :D

    TGOHF said:

    Is there PMQs on Wednesday ? Could be fun :D

    An utter farce.
  • kle4kle4 Posts: 98,812
    His name pops up in some interesting places. The most powerful man in government no one in the public has ever heard of?
  • AlanbrookeAlanbrooke Posts: 25,825

    Merkel comes out against a dash to deeper EU integration

    I think Juncker must be looking a bit wobbly now.

    http://www.faz.net/aktuell/politik/brexit/liveticker-zum-brexit-und-den-folgen-14300118.html
  • rottenboroughrottenborough Posts: 65,829
    Eagle sounding in deep sorrow on Radio 4
  • rottenboroughrottenborough Posts: 65,829
    now in tears on radio. The party is breaking.
  • david_herdsondavid_herdson Posts: 18,277

    There are now members of the shadow cabinet younger than me and I'm only 37

    #FeelingOld

    Older than Hague was when he became LotO in 1997, too.
  • JonathanJonathan Posts: 22,107
    edited June 2016
    Scott_P said:

    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.

    If I were Corbyn, I would be tempted to sack Burnham for being a kiss arse and not having the balls to resign. It would be rather funny and might just save JC.
  • NickPalmerNickPalmer Posts: 21,688
    Pulpstar said:

    Why are Lord Bassam and Angela Smith both unable to resign ?

    The peers are a law unto themselves - they elect their own leaders. So as Angela wasn't appointed by Jeremy, she can't sensibly resign even if she wanted to.
  • RochdalePioneersRochdalePioneers Posts: 30,021
    TGOHF said:

    Is there PMQs on Wednesday ? Could be fun :D

    Yes there will be questions to our lame duck prime minister, possibly from a leader opposition thats more knives than man. Expect sullen silence from both benches as two men that noone want don't ask or answer questions of any relevance.

    Can't parliament just copy the Telly? PMQs has been postponed and replaced by a rerun of the Antiques Roadshow?
  • eekeek Posts: 30,002
    Grr.... And in the back of my mind I knew it was that as well....

    Personally I would have changed the redirect now to a Lional Richie number...
  • MonikerDiCanioMonikerDiCanio Posts: 5,792


    Merkel comes out against a dash to deeper EU integration

    I think Juncker must be looking a bit wobbly now.

    http://www.faz.net/aktuell/politik/brexit/liveticker-zum-brexit-und-den-folgen-14300118.html

    Brexit was made possible by her madness last summer. Danke.
  • TheScreamingEaglesTheScreamingEagles Posts: 121,936
    Angela Eagle sounds like she is in tears on The World At One
  • PlatoSaidPlatoSaid Posts: 10,383
    Jonathan said:

    Scott_P said:

    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.

    If I were Corbyn, I would be tempted to sack Burnham for being a kiss arse and not having the balls to resign. It would be rather funny and might just save JC.
    :lol:
  • FF43FF43 Posts: 17,939
    Boris Johnson, becoming more like Comical Ali by the hour, must be offering a prayer of thanks to St Jeremy.
  • PulpstarPulpstar Posts: 79,428
    Rosie Winterton, Luciana Berger & Jon Ashworth left to declare. I assume Watson will stay as deputy as he was elected by members.
  • calumcalum Posts: 3,046
    kle4 said:

    His name pops up in some interesting places. The most powerful man in government no one in the public has ever heard of?
    Time to remove the park bins !!
  • AlanbrookeAlanbrooke Posts: 25,825


    Merkel comes out against a dash to deeper EU integration

    I think Juncker must be looking a bit wobbly now.

    http://www.faz.net/aktuell/politik/brexit/liveticker-zum-brexit-und-den-folgen-14300118.html

    Brexit was made possible by her madness last summer. Danke.
    Selbstverstaendlich, but when has a poitician ever taken the blame for one of their screw ups ?
  • Scott_PScott_P Posts: 51,453
    @HackneyAbbott: Sign petition against Labour MPs who are putting their careers before the Party and the country. https://t.co/St8pMZIiGO @PeoplesMomentum
  • JonathanJonathan Posts: 22,107
    Labour has broken Angela Eagle. Sad.
  • MarqueeMarkMarqueeMark Posts: 54,848

    Angela Eagle sounds like she is in tears on The World At One

    Another "fucking disaster"?
  • MTimTMTimT Posts: 7,034

    Jonathan said:

    Pong said:

    Jim Waterson
    ✔ ‎@jimwaterson

    Corbyn's team pledge to fill all open shadow cabinet positions today and promise to include some "surprising names".

    --

    Ed Miliband?

    Boaty McBoatface
    LOL
    David Cameron and George Osborne
  • rottenboroughrottenborough Posts: 65,829
    Scott_P said:

    @HackneyAbbott: Sign petition against Labour MPs who are putting their careers before the Party and the country. https://t.co/St8pMZIiGO @PeoplesMomentum

    :lol:
  • SimonStClareSimonStClare Posts: 7,976
    G' Live Angela Eagle says Corbyn should examine his conscience and resign

    Angela Eagle, who resigned earlier as shadow business secretary, is on the World at One now explaining her decision. She sounds close to tears.

    She tried to make it work, she says. During the deputy leadership contest she said she would serve the new leader. But Jeremy Corbyn is not suited to the job, she says. During the EU referendum he could not communicate Labour’s message properly.
  • ParistondaParistonda Posts: 1,844
    If Corbyn wins this next leadership election, the entire non-corbynite PLP should simply split off and call themselves Real Labour or something. It would be about 180 MPs at least, and so wouldn't be SDPv2 because that was a small split. This would be the new official opposition. They have no hope with Corbyn - not because he's too left wing, but because he's useless.
  • SouthamObserverSouthamObserver Posts: 40,046
    Jonathan said:

    Scott_P said:

    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.

    If I were Corbyn, I would be tempted to sack Burnham for being a kiss arse and not having the balls to resign. It would be rather funny and might just save JC.

    I wonder what is going through Burnham's mind right now as he contemplates the end of his political career.

  • PlatoSaidPlatoSaid Posts: 10,383
    You can rewind WatO here to when Angela speaks http://www.bbc.co.uk/radio/player/bbc_radio_fourfm
  • JonathanJonathan Posts: 22,107

    Jonathan said:

    Scott_P said:

    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.

    If I were Corbyn, I would be tempted to sack Burnham for being a kiss arse and not having the balls to resign. It would be rather funny and might just save JC.

    I wonder what is going through Burnham's mind right now as he contemplates the end of his political career.

    Relief?
  • taffystaffys Posts: 9,753
    Brexit was made possible by her madness last summer. Danke.

    Merkel's priority now is to avoid the loving embrace of France.
  • rottenboroughrottenborough Posts: 65,829

    If Corbyn wins this next leadership election, the entire non-corbynite PLP should simply split off and call themselves Real Labour or something. It would be about 180 MPs at least, and so wouldn't be SDPv2 because that was a small split. This would be the new official opposition. They have no hope with Corbyn - not because he's too left wing, but because he's useless.

    Yes.
  • MonikerDiCanioMonikerDiCanio Posts: 5,792

    G' Live Angela Eagle says Corbyn should examine his conscience and resign

    Angela Eagle, who resigned earlier as shadow business secretary, is on the World at One now explaining her decision. She sounds close to tears.

    She tried to make it work, she says. During the deputy leadership contest she said she would serve the new leader. But Jeremy Corbyn is not suited to the job, she says. During the EU referendum he could not communicate Labour’s message properly.

    Angela Eagle should take a good hard look at herself in the mirror. And despair.
  • Wulfrun_PhilWulfrun_Phil Posts: 4,782
    Scott_P said:

    @HackneyAbbott: Sign petition against Labour MPs who are putting their careers before the Party and the country. https://t.co/St8pMZIiGO @PeoplesMomentum

    I'm quite happy to sign a petition against HackneyAbbott for putting her career before her Party and her country.
  • rottenboroughrottenborough Posts: 65,829

    Jonathan said:

    Scott_P said:

    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.

    If I were Corbyn, I would be tempted to sack Burnham for being a kiss arse and not having the balls to resign. It would be rather funny and might just save JC.

    I wonder what is going through Burnham's mind right now as he contemplates the end of his political career.

    Should I change my mind?
  • rottenboroughrottenborough Posts: 65,829
    Hollick telling Radio 4 the underlying economy will most likely tip into recession.

    Thx Brexiteers!
  • Scott_PScott_P Posts: 51,453
    @paulwaugh: How bad things are: planned photocall to greet new Tooting MP @DrRosena has been cancelled amid fears MPs wd boycott it cos organised by JC
  • rottenboroughrottenborough Posts: 65,829
    Scott_P said:

    @paulwaugh: How bad things are: planned photocall to greet new Tooting MP @DrRosena has been cancelled amid fears MPs wd boycott it cos organised by JC

    Welcome to the zoo, Dr Rosena!
  • taffystaffys Posts: 9,753
    There is a huge gulf between labour's membership and a big block of its key vote.

    They simply cannot be in the same party.
  • SouthamObserverSouthamObserver Posts: 40,046
    The good news is that as we bill mostly in US$ and Euros we are making a very tidy sum from the pound's collapse. It's at times like these when it's good not to have many UK customers.
  • rottenboroughrottenborough Posts: 65,829
    Nick Thomas-Symonds has gone. I was wondering when such a big name would finally go.
  • JobabobJobabob Posts: 3,807

    If Corbyn wins this next leadership election, the entire non-corbynite PLP should simply split off and call themselves Real Labour or something. It would be about 180 MPs at least, and so wouldn't be SDPv2 because that was a small split. This would be the new official opposition. They have no hope with Corbyn - not because he's too left wing, but because he's useless.

    Correct. And as parliament only recognises the leader in the Commons the Corbynistas would rapidly become an irrelevance
  • PulpstarPulpstar Posts: 79,428

    The good news is that as we bill mostly in US$ and Euros we are making a very tidy sum from the pound's collapse. It's at times like these when it's good not to have many UK customers.

    This is precisely what is holding the FTSE100 up.
  • SimonStClareSimonStClare Posts: 7,976

    Jonathan said:

    Scott_P said:

    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.

    If I were Corbyn, I would be tempted to sack Burnham for being a kiss arse and not having the balls to resign. It would be rather funny and might just save JC.

    I wonder what is going through Burnham's mind right now as he contemplates the end of his political career.

    Should I change my mind?
    :lol:
  • SandpitSandpit Posts: 56,022

    If Corbyn wins this next leadership election, the entire non-corbynite PLP should simply split off and call themselves Real Labour or something. It would be about 180 MPs at least, and so wouldn't be SDPv2 because that was a small split. This would be the new official opposition. They have no hope with Corbyn - not because he's too left wing, but because he's useless.

    If Corbyn's determined not to resign (which seems likely, he has waited to 40 years to mold the party in his image) and the members continue to love him, one can imagine that the sensible wing of the PLP have little choice but to resign the whip and form SDP2. The trick is to have more than half the PMs go, such that SDP2 become the official Opposition. Given the current mood that's entirely possible.
  • felixfelix Posts: 15,180
    taffys said:

    ''Yup - every buyer will be thrilled and the sellers even more ecstatic at taking a big loss. In post-Brexit Britain everybody is just ticketyboo. ''

    Many conservatives are home owners of long standing who would be prepared to accept a 15% fall if it meant their sons, daughters and younger work colleagues had a chance to get on the property ladder sometime soon.

    Link? Isn't that the same one which says everyone is happy that everyone else pays more tax to fund the NHS? Any true conservative knows something about market forces and understands that a rapidly devalued currency is the smell arising form an economic garbage.
  • AlistairAlistair Posts: 23,670
    Pulpstar said:

    The good news is that as we bill mostly in US$ and Euros we are making a very tidy sum from the pound's collapse. It's at times like these when it's good not to have many UK customers.

    This is precisely what is holding the FTSE100 up.
    The FTSE 250 on the other hand is a downhill ski slope.
  • IcarusIcarus Posts: 1,010
    Labour have an opposition day on Wednesday afternoon. Fascinating to see what they want to talk about.
  • stjohnstjohn Posts: 1,905
    If Corbyn is pressed on whether he voted LEAVE or not and refuses to answer, might that finish him off?
  • weejonnieweejonnie Posts: 3,820

    Interesting aside on how much the UK was (and still is currently) actually contributing to the EU.

    "EU commissoner sees 15% fall in EU budget post-Brexit

    Britain's exit from the EU will result in a 15% drop in the bloc's annual budget from 2020, Cornia Cretu, the EU Regional Policy Commissioner, said today"

    I wont believe that until I see it written on a bus.
    Well the 15% is not quite exact. The budget drops by 15% - but the money given back to the UK has to taken into account - so we are looking at a drop of 7.5% as a rule of thumb for the other countries.

    Of course if the 15% was the NET figure the UK paid to the EU then the £350 million a week sounds pretty close.
  • MonikerDiCanioMonikerDiCanio Posts: 5,792

    The good news is that as we bill mostly in US$ and Euros we are making a very tidy sum from the pound's collapse. It's at times like these when it's good not to have many UK customers.

    Good news.

    You've said that if you were younger you'd emigrate to Singapore or the US. Hopefully now that the UK is independent you'll be a happier citizen.
  • PlatoSaidPlatoSaid Posts: 10,383
    Have to say, A Eagles is clearly broken hearted - she even sniffed.

    She's not ruling herself out from standing - I still vote for her. She was terrible during Remain, but in HoC she's very effective at the tribal stuff.
  • rottenboroughrottenborough Posts: 65,829
    Wow. Tight. May vs Boris? No one else will have time?
  • DecrepitJohnLDecrepitJohnL Posts: 13,300
    Sandpit said:

    If Corbyn wins this next leadership election, the entire non-corbynite PLP should simply split off and call themselves Real Labour or something. It would be about 180 MPs at least, and so wouldn't be SDPv2 because that was a small split. This would be the new official opposition. They have no hope with Corbyn - not because he's too left wing, but because he's useless.

    If Corbyn's determined not to resign (which seems likely, he has waited to 40 years to mold the party in his image) and the members continue to love him, one can imagine that the sensible wing of the PLP have little choice but to resign the whip and form SDP2. The trick is to have more than half the PMs go, such that SDP2 become the official Opposition. Given the current mood that's entirely possible.
    The trick there would be to have some big donors lined up.
  • SouthamObserverSouthamObserver Posts: 40,046

    If Corbyn wins this next leadership election, the entire non-corbynite PLP should simply split off and call themselves Real Labour or something. It would be about 180 MPs at least, and so wouldn't be SDPv2 because that was a small split. This would be the new official opposition. They have no hope with Corbyn - not because he's too left wing, but because he's useless.

    I reckon that is pretty much where we are. The new party would need to find some money PDQ to contest the election, but I doubt that would be a huge problem. There'd be a few big donors.

  • rottenboroughrottenborough Posts: 65,829

    Sandpit said:

    If Corbyn wins this next leadership election, the entire non-corbynite PLP should simply split off and call themselves Real Labour or something. It would be about 180 MPs at least, and so wouldn't be SDPv2 because that was a small split. This would be the new official opposition. They have no hope with Corbyn - not because he's too left wing, but because he's useless.

    If Corbyn's determined not to resign (which seems likely, he has waited to 40 years to mold the party in his image) and the members continue to love him, one can imagine that the sensible wing of the PLP have little choice but to resign the whip and form SDP2. The trick is to have more than half the PMs go, such that SDP2 become the official Opposition. Given the current mood that's entirely possible.
    The trick there would be to have some big donors lined up.
    Sainsbury.
  • MarqueeMarkMarqueeMark Posts: 54,848
    Pulpstar said:

    The good news is that as we bill mostly in US$ and Euros we are making a very tidy sum from the pound's collapse. It's at times like these when it's good not to have many UK customers.

    This is precisely what is holding the FTSE100 up.
    Also bear in mind that UK property just got a whole lot cheaper for any Americans wanting a London bolt-hole from, say, President Trump....
  • david_herdsondavid_herdson Posts: 18,277

    Jonathan said:

    Scott_P said:

    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.

    If I were Corbyn, I would be tempted to sack Burnham for being a kiss arse and not having the balls to resign. It would be rather funny and might just save JC.

    I wonder what is going through Burnham's mind right now as he contemplates the end of his political career.

    Burnham is probably considering unconditionally lending Corbyn some of his supporters in a show of unity, so that Corbyn can meet the threshold for a shadow cabinet.
  • weejonnieweejonnie Posts: 3,820
    Icarus said:

    Labour have an opposition day on Wednesday afternoon. Fascinating to see what they want to talk about.

    Themselves? Plenty of opposition there.
  • chestnutchestnut Posts: 7,341
    edited June 2016
    felix said:

    taffys said:

    ''Yup - every buyer will be thrilled and the sellers even more ecstatic at taking a big loss. In post-Brexit Britain everybody is just ticketyboo. ''

    Many conservatives are home owners of long standing who would be prepared to accept a 15% fall if it meant their sons, daughters and younger work colleagues had a chance to get on the property ladder sometime soon.

    Link? Isn't that the same one which says everyone is happy that everyone else pays more tax to fund the NHS? Any true conservative knows something about market forces and understands that a rapidly devalued currency is the smell arising form an economic garbage.
    Taffys is correct on house prices.

    A great many people are happy to see their house price fall for the benefit of their children trying to get on the ladder.

  • PulpstarPulpstar Posts: 79,428
    Boris had better bloody chuck his hat in the ring now...
  • SouthamObserverSouthamObserver Posts: 40,046

    Sandpit said:

    If Corbyn wins this next leadership election, the entire non-corbynite PLP should simply split off and call themselves Real Labour or something. It would be about 180 MPs at least, and so wouldn't be SDPv2 because that was a small split. This would be the new official opposition. They have no hope with Corbyn - not because he's too left wing, but because he's useless.

    If Corbyn's determined not to resign (which seems likely, he has waited to 40 years to mold the party in his image) and the members continue to love him, one can imagine that the sensible wing of the PLP have little choice but to resign the whip and form SDP2. The trick is to have more than half the PMs go, such that SDP2 become the official Opposition. Given the current mood that's entirely possible.
    The trick there would be to have some big donors lined up.
    Sainsbury.

    There's the City hedge fund bloke as well, plus a few others. I don't think money would be an issue. It would be developing the organisation on the ground in the constituencies.

  • GIN1138GIN1138 Posts: 22,908
    edited June 2016

    Angela Eagle sounds like she is in tears on The World At One

    Oh dear!

    I am having some doubts about LEAVE but the way the political class have just gone into complete and total meltdown is brilliant.
  • felixfelix Posts: 15,180

    what news of burgon??

    Still trying to find the city - lost on the old street roundabout.
  • MarqueeMarkMarqueeMark Posts: 54,848

    Scott_P said:

    @paulwaugh: How bad things are: planned photocall to greet new Tooting MP @DrRosena has been cancelled amid fears MPs wd boycott it cos organised by JC

    Welcome to the zoo, Dr Rosena!
    Has she been given a job and resigned from it yet?
  • PlatoSaidPlatoSaid Posts: 10,383

    Nick Thomas-Symonds has gone. I was wondering when such a big name would finally go.

    Just for a second I misread that as Norman StJohn-Stevas. And my mind wandered back to Peregrine Worsthorne. Those two were always wheeled out as constitutional experts. Who does that stuff now?
  • JonathanDJonathanD Posts: 2,400
    felix said:

    taffys said:

    ''Yup - every buyer will be thrilled and the sellers even more ecstatic at taking a big loss. In post-Brexit Britain everybody is just ticketyboo. ''

    Many conservatives are home owners of long standing who would be prepared to accept a 15% fall if it meant their sons, daughters and younger work colleagues had a chance to get on the property ladder sometime soon.

    Link? Isn't that the same one which says everyone is happy that everyone else pays more tax to fund the NHS? Any true conservative knows something about market forces and understands that a rapidly devalued currency is the smell arising form an economic garbage.

    Presumably our banks will be really keen to lend into a falling market too. The falls in house builders suggests someone isn't feeling too confident about future house buying.

  • HurstLlamaHurstLlama Posts: 9,098

    Hollick telling Radio 4 the underlying economy will most likely tip into recession.

    Thx Brexiteers!

    Not been keeping up with the indices, Mr. Borough, been pointing that way for quite a while? Or perhaps you bought into Gordon Brown's boast that the economic cycle had been abolished. Recessions happen in this country every ten years or so. Therefore you might think that, as some of us have been saying for months, we are due for one in 2017ish and that Osborne's plans for deficit reduction were pure hokum.
  • SouthamObserverSouthamObserver Posts: 40,046

    Jonathan said:

    Scott_P said:

    @jameskirkup: My attention is elsewhere right now, but glancing at Labour, am transfixed by Andy Burnham's utter awfulness. Truly amazing.

    @jameskirkup: Seriously, if anyone can offer an explanation of Andy Burnham, please share. Am utterly baffled.

    @jameskirkup: No, not Manchester. I get that. I mean the woefulness he'll accept in hope of getting it. The utter lack of self-respect. The abasement.

    If I were Corbyn, I would be tempted to sack Burnham for being a kiss arse and not having the balls to resign. It would be rather funny and might just save JC.

    I wonder what is going through Burnham's mind right now as he contemplates the end of his political career.

    Burnham is probably considering unconditionally lending Corbyn some of his supporters in a show of unity, so that Corbyn can meet the threshold for a shadow cabinet.

    Has Burnham still got any supporters?

  • SandyRentoolSandyRentool Posts: 22,842

    Sandpit said:

    If Corbyn wins this next leadership election, the entire non-corbynite PLP should simply split off and call themselves Real Labour or something. It would be about 180 MPs at least, and so wouldn't be SDPv2 because that was a small split. This would be the new official opposition. They have no hope with Corbyn - not because he's too left wing, but because he's useless.

    If Corbyn's determined not to resign (which seems likely, he has waited to 40 years to mold the party in his image) and the members continue to love him, one can imagine that the sensible wing of the PLP have little choice but to resign the whip and form SDP2. The trick is to have more than half the PMs go, such that SDP2 become the official Opposition. Given the current mood that's entirely possible.
    The trick there would be to have some big donors lined up.
    Sainsbury.
    Nectar points?
  • nunununu Posts: 6,024
    taffys said:

    There is a huge gulf between labour's membership and a big block of its key vote.

    They simply cannot be in the same party.

    How is the fallout panning out in Wales?
  • AndyJSAndyJS Posts: 29,395
    edited June 2016
    Chris Bryant: "I fear you will go down in history as the man who broke the Labour Party."

    http://news.sky.com/story/1717728/live-brexit-turmoil-engulfs-westminster
  • surbitonsurbiton Posts: 13,549

    Wow. Tight. May vs Boris? No one else will have time?
    That is a change, isn't it ?
  • felixfelix Posts: 15,180
    MTimT said:

    MTimT said:

    If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.

    Yes please, at least 25% needs to come off London prices...
    I like what Brexit is doing to the pound. Keeping the pound artificially low and boosting UK manufacturing industry, a bit like the effect of the Euro on German industry. Here in the West Midlands that's a good thing - about time we rebalanced the UK economy away from financial services.

    As for house prices, I recall that Osborne tried that threat for a day or so and then didn't mention it for the rest of the campaign. Funny that.
    A plunging pound is not that good for manufacturing as the cost of imported raw materials goes up.

    Costs of fuel too.
    To do the sum for you, Dr Fox.

    Say we are exporting widget A to the USA. Our costs are $10 for the imported oil and $10 for the imported raw material (both sold at $ prices on the international markets). The labour is GBP20 at GBP1 = US1.50. So labour costs $30. We sell for $80, our profit is $30, or GBP20

    The GBP falls to 1 = $1.00

    Now our imported fuel costs $10, our imported raw materials cost $10, our labour costs GBP 20 which is now $20, we sell for $80, our profits are $40, which is now GBP40

    Profits have gone up, whichever currency they are expressed in. At the cost of the labourer who can now buy fewer imported goods.
    How about profits on manufacturing and services companies who don't export goods or services?

    That was not what was being discussed. For those selling to the domestic market, costs of imported fuel and materials go up, labour costs remain the same, all other things being equal. But costs for domestic manufacturing expressed in GBP do not go up as fast as costs for those exporting to the UK, as all their costs go up including labour, when expressed in GBP.

    To do the sums.

    Pound at $1.50
    UK producer costs: fuel $15 + raw materials $15 + labour GBP20 (=$30) = $60 = GBP40
    US producer costs: fuel $15 + raw materials $15 + labour $30 = $60 = GBP40

    Pound at $1
    UK producer costs: fuel $15 (GBP15) + raw materials $15 (GBP15) + labour GBP20 = GBP50
    US producer costs: fuel $15 (GBP15) + raw materials $15 (GBP15) + labour $30 (GBP30) = GBP60

    Ergo UK manufacturers gain competitivity in both domestic and export markets. The loser is the domestic consumer.
    That must be wrong - everyone's a winner in post-Brexit Britain [well, apart from the immigrants who can just FO pronto!}
  • This morning I called Andy Burnham a shiny quacking robot in mascara. I should like to retract that statement. He is an empty cowardly shining quacking robot in mascara.
  • Richard_NabaviRichard_Nabavi Posts: 30,822
    edited June 2016

    Wow. Tight. May vs Boris? No one else will have time?
    Why not? You only need a proposer and a seconder to get on the first-round ballot.

    However, I think the final two will probably be Theresa and Boris. In this chaos, it's either got to be the safest and most unifying figure you can find, or the one who has taken the political initiative (which is undoubtedly Boris, like it or not). But who knows? Surprises have happened before.
  • SouthamObserverSouthamObserver Posts: 40,046

    The good news is that as we bill mostly in US$ and Euros we are making a very tidy sum from the pound's collapse. It's at times like these when it's good not to have many UK customers.

    Good news.

    You've said that if you were younger you'd emigrate to Singapore or the US. Hopefully now that the UK is independent you'll be a happier citizen.

    Not emigrate, not Singapore. A few years away. Hong Kong is where I'd most have liked to go.

    I am a very happy citizen. Like you, none of this really affects me.
  • TheWhiteRabbitTheWhiteRabbit Posts: 12,454
    surbiton said:

    Wow. Tight. May vs Boris? No one else will have time?
    That is a change, isn't it ?
    It's the same timetable as 2005, except with the key difference that the last months of Howard (while the rules were debated) were jockeying time for the candidates. We haven't got anything like that.
  • PlatoSaidPlatoSaid Posts: 10,383
    Pulpstar said:

    Boris had better bloody chuck his hat in the ring now...
    Times said over the weekend that his supporters were recruiting backers.
  • PlatoSaidPlatoSaid Posts: 10,383
    Leadership vote concluded by 2nd Sept for Tories says Sky
  • felixfelix Posts: 15,180
    chestnut said:

    felix said:

    taffys said:

    ''Yup - every buyer will be thrilled and the sellers even more ecstatic at taking a big loss. In post-Brexit Britain everybody is just ticketyboo. ''

    Many conservatives are home owners of long standing who would be prepared to accept a 15% fall if it meant their sons, daughters and younger work colleagues had a chance to get on the property ladder sometime soon.

    Link? Isn't that the same one which says everyone is happy that everyone else pays more tax to fund the NHS? Any true conservative knows something about market forces and understands that a rapidly devalued currency is the smell arising form an economic garbage.
    Taffys is correct on house prices.

    A great many people are happy to see their house price fall for the benefit of their children trying to get on the ladder.

    You forgot the link. And what about those who are a little younger and will fall into negative equity. Really it's time for you people to stop pretending there are no downsides to what is happening right now. It would certainly give me some much needed hope for the future.
  • SandpitSandpit Posts: 56,022
    Good news, better it is done quickly and all that. Should also whittle down the field to no more than 3 or 4.
  • GIN1138GIN1138 Posts: 22,908
    PlatoSaid said:

    Leadership vote concluded by 2nd Sept for Tories says Sky

    I really don't think the UK can drift for two months completely rudderless as the Tories are proposing (and we MUST get Letwin away from BREXIT ASAP)
  • PlatoSaidPlatoSaid Posts: 10,383
    Vote every Tues/Thurs until whittled down to two for members.
  • Richard_NabaviRichard_Nabavi Posts: 30,822
    Memo to Labour plotters: If you can string it out till the 3rd September I'd be grateful, ta.
  • taffystaffys Posts: 9,753
    How is the fallout panning out in Wales?

    I am a London Welshman, but my impression talking to people back home is that Wales is hungry for change. It has spent decades in the doldrums, and wants to shift up a gear.

This discussion has been closed.