@Mortimer on the idea of a technocracy, there are a few issues with it but I think the main one is that it trades long term stability for short term economic gain....
Technocratic government has too many downsides, both political and economic, plus it starts the gun on revolutionary action. Our democracy may have its flaws and is sometimes prone to an overreaction (see the PM on Brexit), but it is preferable to handing over the keys of Westminster to a bunch of unelected commissioners who are picked on who knows what criteria.
I'm not sure The Economist is in a happy place at the moment. It's not a journal I read any more (long before Brexit tbh). If they are advocating technocratic government for western nations then it shows just how rotten they have become. Democracy has produced results they don't like so now they look to restrict democracy. Really, they should be looking at the underlying causes behind the dissatisfaction of so many lower and middle income people in developed nations. Let me put it this way, I'm at the top of the income scale and my personal income has doubled over the last three years. I don't believe economics is a zero sum game, but clearly the prosperity of people at the top of the income scale is causing issues at the lower end. Technocratic government which locks up dissenters (the only way to keep everyone in line) is not the answer.
Thanks Max - from a political POV we're entirely on the same wavelength. My gut feeling on economics was that technocracy was a poor master, but it is so far away from my knowledge that your perspective is much appreciated.
I don't think the Economist is to blame for his position per se - but instead think that he likes the easy analysis he reads in it. I've tried to argue that when there are articles about the fine art industry, something I know a little about, the pieces often seem to make too many assumptions and ask/answer the wrong questions. But then he doesn't quite understand politics in action (for example he doesn't think that there should be a mechanism for the reduction/forgiveness of personal debt, and argues for technocracy, but thinks he is a social democract), but sees the world as an economic problem to be solved and thinks that putting clever people in charge of it would get around the problem of pandering to voters. It is so abhorrent an idea to me that I have to rein myself in when discussing...
No... I think TSE is a COT......a Cameron and Osborne Tory. It's a newly evolved species that has recently been discovered after 23rd June in the English Shires. They are really quite sweet and loveable creatures that could have something of a snappy bite.
I've been a Tory long before Dave and George became MPs, let alone leaders.
One of the reasons I'm a Tory is that I'm a passionate believer in free trade, just like Thatcher was.
Am loving that many leave Tories at conference last week agreed with me.
I think we are all struggling with our political identities in these times. I've always been a solid, centre left, socialist.....I don't have a home at the minute......
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
No... I think TSE is a COT......a Cameron and Osborne Tory. It's a newly evolved species that has recently been discovered after 23rd June in the English Shires. They are really quite sweet and loveable creatures that could have something of a snappy bite.
I've been a Tory long before Dave and George became MPs, let alone leaders.
One of the reasons I'm a Tory is that I'm a passionate believer in free trade, just like Thatcher was.
Am loving that many leave Tories at conference last week agreed with me.
I think we are all struggling with our political identities in these times. I've always been a solid, centre left, socialist.....I don't have a home at the minute......
There are many homeless.
Those of us who are internationalist, open, liberal types have no home.
Average family in Ohio is $10,000 worse off than in the year 2000.
Average family in UK is £5,000pa worse off since June 23rd 2016
(it's a bit top-of-head this, but assuming a household with two salaries, total £25Kpa and a 20% drop in GBP. YMMV)
[edit: gbp, not gdp. Yikes!]
Why would you calculate this on the basis of the forex markets rather than purchasing power parity? (Similar for all the claims about the UK economy as a whole becoming several percent smaller overnight. I'm not sure if people are doing it as a back-of-the-envelope amusement, effectively a kind of joke, or whether they genuinely believe the answers are economically literate and deeply meaningful. Difficult to judge the tone online.)
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
Travelex has a 45-day buyback scheme where they buyback currency at the original rate (https://www.travelex.co.uk/services/buy-back-guarantee ). I'm getting a taxi to their nearest office at the airport tomorrow to convert £5K to USD. Before I go, is there a catch I'm not seeing?
Where is the NHS going to get its extra £350 million a week from now?
It's OK, it's risen to £420m because of the drop in sterling, so there's plenty for everyone.
Um, the £350 million (gross, not net...but you know this) is in GBP already. The GBP-GBP exchange rate is holding stable at £1=£1. Amazing, I know...
EU membership dues are in Euros, presumably?
They come from a mixture of duties on imports from outside the EU, a percentage of VAT receipts and a contribution from each country based on its GNI. The first two should be immune from exchange rate fluctuations. The last I am guessing will be fixed in Euros each year so there will be a lag as the exchange rates fluctuate over the rest of the year before righting itself at the beginning of the next financial year.
Travelex has a 45-day buyback scheme where they buyback currency at the original rate (https://www.travelex.co.uk/services/buy-back-guarantee ). I'm getting a taxi to their nearest office at the airport tomorrow to convert £5K to USD. Before I go, is there a catch I'm not seeing?
No... I think TSE is a COT......a Cameron and Osborne Tory. It's a newly evolved species that has recently been discovered after 23rd June in the English Shires. They are really quite sweet and loveable creatures that could have something of a snappy bite.
I've been a Tory long before Dave and George became MPs, let alone leaders.
One of the reasons I'm a Tory is that I'm a passionate believer in free trade, just like Thatcher was.
Am loving that many leave Tories at conference last week agreed with me.
I'm struggling to understand what form your Conservatism takes to differentiate it from New Labour other than balancing the books, and having slightly a lower tax burden for higher earners.
I presume it's not all about the money, but you're not going out of your way to make me feel much of an affinity with you at the moment.
I don't have Richard Nabavi's comments search skills, but I also predicted this.
The Government will compromise on EU budget contributions. The critical political circle that must be squared is services access for immigration control.
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
You could be right but delaying A50 is unacceptable. We need to get on with it and if I was TM I would serve it in January 2017
I don't have Richard Nabavi's comments search skills, but I also predicted this.
The Government will compromise on EU budget contributions. The critical political circle that must be squared is services access for immigration control.
Much more saleable if EU contributions are counted towards the 0.7% overseas aid.
Average family in Ohio is $10,000 worse off than in the year 2000.
Average family in UK is £5,000pa worse off since June 23rd 2016
(it's a bit top-of-head this, but assuming a household with two salaries, total £25Kpa and a 20% drop in GBP. YMMV)
[edit: gbp, not gdp. Yikes!]
Why would you calculate this on the basis of the forex markets rather than purchasing power parity? (Similar for all the claims about the UK economy as a whole becoming several percent smaller overnight. I'm not sure if people are doing it as a back-of-the-envelope amusement, effectively a kind of joke, or whether they genuinely believe the answers are economically literate and deeply meaningful. Difficult to judge the tone online.)
A longstanding conviction that forex changes are *eventually* reflected in purchasing parity and that any disparities can be explained by differential growth whilst the effects work their way through. A floating exchange rate is a shock absorber, not an impenetrable force field.
As for seriousness: it was more illustrative than literal (although you must admit it is rather stark)
No... I think TSE is a COT......a Cameron and Osborne Tory. It's a newly evolved species that has recently been discovered after 23rd June in the English Shires. They are really quite sweet and loveable creatures that could have something of a snappy bite.
I've been a Tory long before Dave and George became MPs, let alone leaders.
One of the reasons I'm a Tory is that I'm a passionate believer in free trade, just like Thatcher was.
Am loving that many leave Tories at conference last week agreed with me.
I'm struggling to understand what form your Conservatism takes to differentiate it from New Labour other than balancing the books, and having slightly a lower tax burden for higher earners. I presume it's not all about the money, but you're not going out of your way to make me feel much of an affinity with you at the moment.
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
You really do want to pull up the drawbridge and withdraw completely from the world.
Anything less would be an unsatisfactory brexit in your eyes.
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
Travelex has a 45-day buyback scheme where they buyback currency at the original rate (https://www.travelex.co.uk/services/buy-back-guarantee ). I'm getting a taxi to their nearest office at the airport tomorrow to convert £5K to USD. Before I go, is there a catch I'm not seeing?
No... I think TSE is a COT......a Cameron and Osborne Tory. It's a newly evolved species that has recently been discovered after 23rd June in the English Shires. They are really quite sweet and loveable creatures that could have something of a snappy bite.
I've been a Tory long before Dave and George became MPs, let alone leaders.
One of the reasons I'm a Tory is that I'm a passionate believer in free trade, just like Thatcher was.
Am loving that many leave Tories at conference last week agreed with me.
I'm struggling to understand what form your Conservatism takes to differentiate it from New Labour other than balancing the books, and having slightly a lower tax burden for higher earners. I presume it's not all about the money, but you're not going out of your way to make me feel much of an affinity with you at the moment.
Semi-detached like Biffen?
John Biffen was an arch-eurosceptic and called it right from day one, voting against Britain's entry into the EEC in 1972.
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
You could be right but delaying A50 is unacceptable. We need to get on with it and if I was TM I would serve it in January 2017
It may be mischevious to remind you, but I wanted to serve it the day after the referendum. And the longer this goes on, I suspect I was right...
I don't have Richard Nabavi's comments search skills, but I also predicted this.
The Government will compromise on EU budget contributions. The critical political circle that must be squared is services access for immigration control.
Much more saleable if EU contributions are counted towards the 0.7% overseas aid.
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
You could be right but delaying A50 is unacceptable. We need to get on with it and if I was TM I would serve it in January 2017
The immediate priority for the Government is stabilising the macroeconomics and markets with a mood-music and hard policy budget statement by Hammond in the next month that reassures.
I expect there will be a lot of leaking, by all interested parties, of bits and pieces of the Government's true EU negotiating position over the next 5 months on Article 50, prior to it being served.
Travelex has a 45-day buyback scheme where they buyback currency at the original rate (https://www.travelex.co.uk/services/buy-back-guarantee ). I'm getting a taxi to their nearest office at the airport tomorrow to convert £5K to USD. Before I go, is there a catch I'm not seeing?
8. Travelex reserves the right to change the terms of or withdraw Buy Back Guarantee at any time and with immediate effect, without liability to you.
I wonder if that's enforceable? If it got to court I suspect it would be struck down as an unfair contract term. You can't really call a "guarantee" in huge type and then have a clause saying we don't commit to anything at all and it will on our whim whether we buy back.
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
You really do want to pull up the drawbridge and withdraw completely from the world.
Anything less would be an unsatisfactory brexit in your eyes.
Astonishing.
That is a classic remainer comment - no one is pulling up any drawbridge. You should read the deal just done with China to increase weekly flights to 100 each way with no limit on cargo flights. They also want to invest in the City and infrastructure creating tens of thousands of jobs
Inflation is going to be a huge political hot potato over the next year or so ...
No it isn't. Current inflation rate is 0.6%. It has a very long way to rise to reach the target BoE of 2% and even then it can rise substantially more before anyone would bat an eyelid.
And given that interest rates are at historic lows the BoE has huge scope to intervene if the interest rate did begin to cause concern.
A 5p rise in petrol prices is not even registering at the moment with oil prices being so low.
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
You could be right but delaying A50 is unacceptable. We need to get on with it and if I was TM I would serve it in January 2017
It may be mischevious to remind you, but I wanted to serve it the day after the referendum. And the longer this goes on, I suspect I was right...
That's not mischevious - it seems now that it would have been the sensible thing to have done and that is why it needs early 2017 enactment
Travelex has a 45-day buyback scheme where they buyback currency at the original rate (https://www.travelex.co.uk/services/buy-back-guarantee ). I'm getting a taxi to their nearest office at the airport tomorrow to convert £5K to USD. Before I go, is there a catch I'm not seeing?
8. Travelex reserves the right to change the terms of or withdraw Buy Back Guarantee at any time and with immediate effect, without liability to you.
I wonder if that's enforceable? If it got to court I suspect it would be struck down as an unfair contract term. You can't really call a "guarantee" in huge type and then have a clause saying we don't commit to anything at all and it will on our whim whether we buy back.
I always work on the assumption that the one who has the biggest lawyer wins.
This article seems pretty much accurate from my perspective - I work in the relocation industry, our largest client sector is financial services, there's no talk of increased relocation opportunities in the coming years , certainly not due to brexit. But there are more inquiries / discussions about local hires, and new offices to be opened in europe. I don't think hard brexit will lead to a mass exodus, but just a loss of future jobs.
Anybody left thinking Trump can win this? It's over.
He can.
It's not very likely, though.
He has perhaps a 10-15% chance.
Not that long ago I thought that the 'forces of brexit' + republican loyalty + hatred of clinton, could do it for Trump, and I still believe he could have won this - the movement is there and ready, his policies haven't stopped him, but he has blocked himself. He's basically thrown away the chance to be president, and you almost have to wonder if it's being done on purpose at this point! But he's probably too narcissistic for that.
Key government adviser says leaving EU customs union will cost UK £25bn
Raoul Ruparel made the analysis prior to being appointed by David Davis to lend expertise on leaving the EU
The British economy will be hit by a “permanent cost” of more than £25bn if it decides to withdraw from the EU customs union, the government’s new key adviser on Brexit has said.
Raoul Ruparel, who has been hired by David Davis to provide expertise on the process of leaving the EU, said he believed there was no question over the UK staying inside Europe’s free trade bloc.
But he admitted that leaving the customs union, inside which EU countries negotiate trade deals collectively and set common external tariffs, would reduce GDP by between 1 and 1.2% in the long term.
Ruparel’s comments, made before he was appointed to the senior government position, could provide ammunition for Labour MPs who have challenged the government’s trade secretary, Liam Fox, to prove the benefits of such a move.
Yet More partial reporting by both the Guardian and TSE - who never misses an opportunity to talk down Brexit even for the most fatuous of reasons.
No fatuous reasons required. No one with more than a few brain cells should have believed that Brexit would be anything other than financially disastrous for this country. I accept arguments like we will get freedom but then "freedom's just another word when there's nothing left to lose" and that isn't the case here for the majority living here. I hope that sooner rather than later the older generation, of which I am one, suffer the financial pain that is being inflicted on the majority. So we are set to lose between £25bn and £66bn per year? Take it off pensioners now, scrap the triple lock and make those who voted Leave appreciate what they have inflicted on us.
LOL. I see there are still some diehard Eurofanatic luncatics out there apart from Tyson and TSE.
The biggest loonies are those who thought Brexit would be just a swift move to EEA membership with no economic shock at all.
Nope the real dangerous lunatics are those like you who are so utterly desperate for Brexit to fail they will cheer absolutely anything that looks remotely like bad news for the UK. They are the same people who were willing to sell the country out to the EU no matter how bad the deal and who are still frantically trying to find some way to overturn the referendum result. Utter scum.
Travelex has a 45-day buyback scheme where they buyback currency at the original rate (https://www.travelex.co.uk/services/buy-back-guarantee ). I'm getting a taxi to their nearest office at the airport tomorrow to convert £5K to USD. Before I go, is there a catch I'm not seeing?
8. Travelex reserves the right to change the terms of or withdraw Buy Back Guarantee at any time and with immediate effect, without liability to you.
I wonder if that's enforceable? If it got to court I suspect it would be struck down as an unfair contract term. You can't really call a "guarantee" in huge type and then have a clause saying we don't commit to anything at all and it will on our whim whether we buy back.
I always work on the assumption that the one who has the biggest lawyer wins.
Not necessarily, if they know it's dodgy legally. They may mark up a ,£200 loss say on your £5000 as a cost of doing business if you take them to the small claims court. Few enough people do so that cost overall is manageable and the guarantee is a good marketing tool for them.
Nope the real dangerous lunatics are those like you who are so utterly desperate for Brexit to fail they will cheer absolutely anything that looks remotely like bad news for the UK. They are the same people who were willing to sell the country out to the EU no matter how bad the deal and who are still frantically trying to find some way to overturn the referendum result. Utter scum.
Are ContinuityRemain and the Bremoaners the same people, and how do they differ from the Leavers on here who (before the referendum) advocated the EEA option?
Travelex has a 45-day buyback scheme where they buyback currency at the original rate (https://www.travelex.co.uk/services/buy-back-guarantee ). I'm getting a taxi to their nearest office at the airport tomorrow to convert £5K to USD. Before I go, is there a catch I'm not seeing?
8. Travelex reserves the right to change the terms of or withdraw Buy Back Guarantee at any time and with immediate effect, without liability to you.
I wonder if that's enforceable? If it got to court I suspect it would be struck down as an unfair contract term. You can't really call a "guarantee" in huge type and then have a clause saying we don't commit to anything at all and it will on our whim whether we buy back.
I always work on the assumption that the one who has the biggest lawyer wins.
Not necessarily, if they know it's dodgy legally. They may mark up a ,£200 loss say on your £5000 as a cost of doing business if you take them to the small claims court. Few enough people do so that cost overall is manageable and the guarantee is a good marketing tool for them.
Japanese electronics giant Fujitsu said on Tuesday it was cutting 1,800 jobs in Britain as part of a “transformation program” but that the move was not linked to the country’s vote to leave the European Union.
“These changes are in no way linked to the decision by the U.K. to leave the EU,” it said. “Fujitsu is committed to the U.K. and is confident in the continued growth of the U.K. economy.”
I think the betfsir odds are approximately fair value - it's not clear that the pussy tape has hurt trump much - or at all - and we're yet to see the impact of the Sunday debate on the polls (IMO, debate#2 slightly favoured trump).
As @speedy suggested yesterday, the polls are around about where they were pre-tape.
Worth remembering that - when or if similar tapes come to light over the next 4 weeks.
Basically trump appears to have stopped the rot and is not fatally wounded. ~6% ahead - 4 weeks out - makes Clinton the clear favourite, but it's far from over.
Inflation is going to be a huge political hot potato over the next year or so ...
No it isn't. Current inflation rate is 0.6%. It has a very long way to rise to reach the target BoE of 2% and even then it can rise substantially more before anyone would bat an eyelid.
And given that interest rates are at historic lows the BoE has huge scope to intervene if the interest rate did begin to cause concern.
A 5p rise in petrol prices is not even registering at the moment with oil prices being so low.
Inflation is going to be a bigger story in the months ahead - remember that once a 'shock' event gets in the data, it stays in the monthly infation figures for the next 12 months, so next year Brexit inflation will be regularly in the news. But I agree the current 0.6% is not of concern and little has fed into recorded CPI as yet.
The elephant in the room Is the risks of a sharp rise in government financing costs - the ten-year bond rare has risen from 0.7% to 1.0% alongside the fall in the £ - which again is no reason for concern; however if the £ continues to sink there may come a point where this jumps (indicating that the inflow of finance we need to cover our significant current account deficit is drying up) and if this happens there would likely be some panic, given the size of our public debt. This is the scenario where the government would come under a lot of pressure to 'do something', or at least to reassure and try and stabilise the ship.
The first black woman elected to the US Congress, Shirley Chisholm, who was also the first black candidate for a major party's presidential nomination (for the Democrats in 1972), said that she met far more discrimination for being a woman than for being black. Other black women politicians have said the same. Things haven't changed much on that score. People who don't get this should step back and consider. Imagine if a presidential nominee had boasted about tripping up black people rather than sexually assaulting women.
I don't really want to play Oppression Olympics.
There are places where women are treated terribly, but the US isn't generally one of them.
The effect on Trump's campaign of a tape showing him talk derogatorily about women, versus the effect of one showing him talk derogatorily about black people, is an issue that's very relevant to this election, whether anyone likes it or not. The campaign has survived him talking positively about sexually assaulting women; it will not survive him using the N-word to refer to black people. That's what I'm asserting, and whether I'm right or not has to do with the question of the relative acceptability of the oppression of the two groups in the US.
That women, generally speaking, have a worse time in Saudi Arabia than they do in the US is not so relevant to this election. You're making the wrong comparison.
Women are a far more subjugated group than black people
?????
women are a majority of the population, a majority of the electorate and outperform men in education. They live longer lives, have better social networks and have had a century of improving prospects.
In what way are they subjugated ?
I know they are a majority.
A candidate currently polling at over 40% can be exposed talking about sexually assaulting women as if it were amusing and something to boast about and he doesn't have to resign within hours - that's how.
Women are a far more subjugated group than black people
?????
women are a majority of the population, a majority of the electorate and outperform men in education. They live longer lives, have better social networks and have had a century of improving prospects.
In what way are they subjugated ?
I know they are a majority.
A candidate currently polling at over 40% can be exposed talking about sexually assaulting women as if it were amusing and something to boast about and he doesn't have to resign within hours - that's how.
so, did you edit "Rapist" from the twitter quote or the pb bots?
Clinton didn't call them rapists, he's not planning on building a wall. I'm not an expert but I think I read that many of those things (part. on those who have committed crimes) are already in force
so, did you edit "Rapist" from the twitter quote or the pb bots?
Clinton didn't call them rapists, he's not planning on building a wall. I'm not an expert but I think I read that many of those things (part. on those who have committed crimes) are already in force
Inflation is going to be a huge political hot potato over the next year or so ...
No it isn't. Current inflation rate is 0.6%. It has a very long way to rise to reach the target BoE of 2% and even then it can rise substantially more before anyone would bat an eyelid.
And given that interest rates are at historic lows the BoE has huge scope to intervene if the interest rate did begin to cause concern.
A 5p rise in petrol prices is not even registering at the moment with oil prices being so low.
Inflation is going to be a bigger story in the months ahead - remember that once a 'shock' event gets in the data, it stays in the monthly infation figures for the next 12 months, so next year Brexit inflation will be regularly in the news. But I agree the current 0.6% is not of concern and little has fed into recorded CPI as yet.
The elephant in the room Is the risks of a sharp rise in government financing costs - the ten-year bond rare has risen from 0.7% to 1.0% alongside the fall in the £ - which again is no reason for concern; however if the £ continues to sink there may come a point where this jumps (indicating that the inflow of finance we need to cover our significant current account deficit is drying up) and if this happens there would likely be some panic, given the size of our public debt. This is the scenario where the government would come under a lot of pressure to 'do something', or at least to reassure and try and stabilise the ship.
And that rise in govt financing costs is what companies, labouring under the near £trillion pension debt caused by looney tunes accounting forced on them by the current pension legislation, and the self same low govt financing costs in the shape of 3 century low gilt yields, need. Badly. Now.
Inflation at the sort of levels we'd be talking about and an attendant rise in 20yr gilt yields to say 3% would free up squillions in the private sector. Far from a problem it's a cause for celebration as one of the great hidden unbalances unwinds.
so, did you edit "Rapist" from the twitter quote or the pb bots?
Clinton didn't call them rapists, he's not planning on building a wall. I'm not an expert but I think I read that many of those things (part. on those who have committed crimes) are already in force
so, did you edit "Rapist" from the twitter quote or the pb bots?
Clinton didn't call them rapists, he's not planning on building a wall. I'm not an expert but I think I read that many of those things (part. on those who have committed crimes) are already in force
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
Are Soubry, Miliband and Farron as dangerous as the IRA though
Nope the real dangerous lunatics are those like you who are so utterly desperate for Brexit to fail they will cheer absolutely anything that looks remotely like bad news for the UK. They are the same people who were willing to sell the country out to the EU no matter how bad the deal and who are still frantically trying to find some way to overturn the referendum result. Utter scum.
This article seems pretty much accurate from my perspective - I work in the relocation industry, our largest client sector is financial services, there's no talk of increased relocation opportunities in the coming years , certainly not due to brexit. But there are more inquiries / discussions about local hires, and new offices to be opened in europe. I don't think hard brexit will lead to a mass exodus, but just a loss of future jobs.
Totally agree. As I have said on here before, we'll make sure our single market business is done inside the single market. That will not mean laying people off in the UK, but it will mean far fewer new hires here - they will happen inside the single market instead. Likewise, the tax we would have paid on the profits made in the single market will be paid there, not here.
It does, though, depend on the business. If you are a manufacturer and most of your sales are inside the single market, you would have to think seriously about relocation.
He really is so biased against leave his reports are becoming his own project fear and we know how that ended.
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
I think ContinuityRemain sniff blood on the Single Market.
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
You really do want to pull up the drawbridge and withdraw completely from the world.
Anything less would be an unsatisfactory brexit in your eyes.
Astonishing.
That is a classic remainer comment - no one is pulling up any drawbridge. You should read the deal just done with China to increase weekly flights to 100 each way with no limit on cargo flights. They also want to invest in the City and infrastructure creating tens of thousands of jobs
The first black woman elected to the US Congress, Shirley Chisholm, who was also the first black candidate for a major party's presidential nomination (for the Democrats in 1972), said that she met far more discrimination for being a woman than for being black. Other black women politicians have said the same. Things haven't changed much on that score. People who don't get this should step back and consider. Imagine if a presidential nominee had boasted about tripping up black people rather than sexually assaulting women.
I don't really want to play Oppression Olympics.
There are places where women are treated terribly, but the US isn't generally one of them.
The effect on Trump's campaign of a tape showing him talk derogatorily about women, versus the effect of one showing him talk derogatorily about black people, is an issue that's very relevant to this election, whether anyone likes it or not. The campaign has survived him talking positively about sexually assaulting women; it will not survive him using the N-word to refer to black people.That's what I'm asserting, and whether I'm right or not has to do with the question of the relative acceptability of the oppression of the two groups in the US.
That women, generally speaking, have a worse time in Saudi Arabia than they do in the US is not so relevant to this election. You're making the wrong comparison.
Comments
Average family in Ohio is $10,000 worse off than in the year 2000.
#LetsDoThis
so 4 polls had clinton winning the debate
The loss just doesn't seem to permeate. They need to lose again, and worse for it to sink in.
https://twitter.com/kylegriffin1/status/785961539048046592
I don't think the Economist is to blame for his position per se - but instead think that he likes the easy analysis he reads in it. I've tried to argue that when there are articles about the fine art industry, something I know a little about, the pieces often seem to make too many assumptions and ask/answer the wrong questions. But then he doesn't quite understand politics in action (for example he doesn't think that there should be a mechanism for the reduction/forgiveness of personal debt, and argues for technocracy, but thinks he is a social democract), but sees the world as an economic problem to be solved and thinks that putting clever people in charge of it would get around the problem of pandering to voters. It is so abhorrent an idea to me that I have to rein myself in when discussing...
(it's a bit top-of-head this, but assuming a household with two salaries, total £25Kpa and a 20% drop in GBP. YMMV)
[edit: gbp, not gdp. Yikes!]
https://m.youtube.com/watch?v=R8Wde1fFvPg
We also know that there is a majority in Parliament intent on taking down the referendum but I believe the fury of the Nation if it happened would see a terrible revenge against those mps, Scotland excluded
Trump has no shame!
Those of us who are internationalist, open, liberal types have no home.
You are however confusing two Jennifer Warnes duets - this is (I've Had) The Time of my Life (with Bill Medley rather than Joe Cocker)
The premise is that they respect the outcome of the vote. In reality, they are hoping that political pressure - combined with that of the market movement recently on Sterling - can force the Government to massively dilute Brexit to occurring in name only.
8. Travelex reserves the right to change the terms of or withdraw Buy Back Guarantee at any time and with immediate effect, without liability to you.
I presume it's not all about the money, but you're not going out of your way to make me feel much of an affinity with you at the moment.
The Government will compromise on EU budget contributions. The critical political circle that must be squared is services access for immigration control.
As for seriousness: it was more illustrative than literal (although you must admit it is rather stark)
Anything less would be an unsatisfactory brexit in your eyes.
Astonishing.
Dammit, I think I'm going to have to do it anyway...:-(
A very clever man, and one of my heroes.
I expect there will be a lot of leaking, by all interested parties, of bits and pieces of the Government's true EU negotiating position over the next 5 months on Article 50, prior to it being served.
And given that interest rates are at historic lows the BoE has huge scope to intervene if the interest rate did begin to cause concern.
A 5p rise in petrol prices is not even registering at the moment with oil prices being so low.
https://twitter.com/seanjonesqc/status/785974007338307584
Are ContinuityRemain and the Bremoaners the same people, and how do they differ from the Leavers on here who (before the referendum) advocated the EEA option?
http://www.telegraph.co.uk/news/2016/10/11/david-cameron-ive-found-my-first-job-after-politics-building-the/
OblaDi-ObladDa
“These changes are in no way linked to the decision by the U.K. to leave the EU,” it said. “Fujitsu is committed to the U.K. and is confident in the continued growth of the U.K. economy.”
http://fortune.com/2016/10/11/fujitsu-layoffs-brexit/
I've just laid off my Clinton position @ 1.2.
I'm now almost equally green on all outcomes.
I think the betfsir odds are approximately fair value - it's not clear that the pussy tape has hurt trump much - or at all - and we're yet to see the impact of the Sunday debate on the polls (IMO, debate#2 slightly favoured trump).
As @speedy suggested yesterday, the polls are around about where they were pre-tape.
Worth remembering that - when or if similar tapes come to light over the next 4 weeks.
Basically trump appears to have stopped the rot and is not fatally wounded. ~6% ahead - 4 weeks out - makes Clinton the clear favourite, but it's far from over.
Per Sam Wang;
https://twitter.com/SamWangPhD/status/786010323543166976/photo/1
WWE 2K17 goes on sale today. All the game trailers feature 'Downtown' by Petula Clark, originally released in 1964.
52 years on it reappears in an unexpected place.
The elephant in the room Is the risks of a sharp rise in government financing costs - the ten-year bond rare has risen from 0.7% to 1.0% alongside the fall in the £ - which again is no reason for concern; however if the £ continues to sink there may come a point where this jumps (indicating that the inflow of finance we need to cover our significant current account deficit is drying up) and if this happens there would likely be some panic, given the size of our public debt. This is the scenario where the government would come under a lot of pressure to 'do something', or at least to reassure and try and stabilise the ship.
http://www.washingtonexaminer.com/article/2604195/
That women, generally speaking, have a worse time in Saudi Arabia than they do in the US is not so relevant to this election. You're making the wrong comparison.
The Hill
JUST IN: GOP senator renews her support for Trump after telling him to step down https://t.co/9L1Ccs2csf https://t.co/WcQVDCfjSY
A candidate currently polling at over 40% can be exposed talking about sexually assaulting women as if it were amusing and something to boast about and he doesn't have to resign within hours - that's how.
Hillary Emails
#ReligiousBigotry https://t.co/cliwcRgSU8
http://www.telegraph.co.uk/news/2016/10/12/donald-trump-crisis-evangelical-christians-desert-republican-pre/
WATCH: @billclinton made some interesting comments back in the day. https://t.co/P4AOoyQ8Kv
Clinton didn't call them rapists, he's not planning on building a wall. I'm not an expert but I think I read that many of those things (part. on those who have committed crimes) are already in force
Inflation at the sort of levels we'd be talking about and an attendant rise in 20yr gilt yields to say 3% would free up squillions in the private sector. Far from a problem it's a cause for celebration as one of the great hidden unbalances unwinds.
http://www.spreaker.com/user/mitchellvii/guest-only-jack-posobiec-10-11-explosive
It does, though, depend on the business. If you are a manufacturer and most of your sales are inside the single market, you would have to think seriously about relocation.