23% of Democrats polled would be 'excited' by another Clinton run in 2020.
Blimey. Have they learnt nothing this season?
Clearly not.
Democrats are arguing that the reason Clinton lost was due to the Russians, the FBI, fake news, etc. It has zero to do with their candidate being really shit.
23% of Democrats polled would be 'excited' by another Clinton run in 2020.
Blimey. Have they learnt nothing this season?
Clearly not.
Democrats are arguing that the reason Clinton lost was due to the Russians, the FBI, fake news, etc. It has zero to do with their candidate being really shit.
Her approval ratings were as bad in Jan 2016 as they were by Nov 2016 IIRC.
23% of Democrats polled would be 'excited' by another Clinton run in 2020.
Blimey. Have they learnt nothing this season?
Clearly not.
Democrats are arguing that the reason Clinton lost was due to the Russians, the FBI, fake news, etc. It has zero to do with their candidate being really shit.
Her approval ratings were as bad in Jan 2016 as they were by Nov 2016 IIRC.
I used to think the Republicans were the party that left no stone unturned in their determination to lose elections. But, this year, the Democrats outdid them.
Most of them seem to think they need to double down on their losing strategy of promoting left wing identity politics.
This quote from Lee Kuan Yew on his greatest fear for the future of Singapore reminds me of Brexit. There's obviously not an exact parallel, but it does seem as though many have lost their bearings in the way he describes.
“I think a leadership and a people that have forgotten, that have lost their bearings and do not understand the constraints that we face. Small base; highly, technically organised; very competent people; complete international confidence; and an ability to engage the big boys. You lose those, and you’re down. And you can go down very rapidly…
@williamglenn Although it might appear illogial to others, I can clearly see your reasoning (I think) for Trump/Remain. Britain is simply not the monstrous internal consumer that the USA is.
AFP #BREAKING Saudi Arabia projects $52.8 billion deficit in 2017: official TV
They've got enough cash in the bank to run with that for about a dozen years, are scrambling now to reduce social expenditure and increase their income from non-oil sectors such as (Islamic) tourism.
VAT arrives in the GCC countries in Jan 2018! Am waiting to see if that will affect a small businessman or not.
@SandPit Hah Yes they're lucky they have Mecca for the Hajj. Do you have to pay to get near the wall these days. Islam is the world's fastest growing religion... can see Saudi squeezing the pips out of that particular trump card.
The flaw in this article is it forgets the loyal 25%+ Tory remainers, minimising the impact of differential turnout. If I had to predict it I'd guess LibDems outperforming expectations and the Tories sneaking through the middle. UKIP intentionally not trying, due to a Tory leaver pick.
@Pulpstar Unless you see fantastic value crazy to bet at the moment. We don't know:
When
Which parties will stand
Who will be the candidates
I'm reminded of last December's Oldham W by-election when there was a strong move to back UKIP suported by some well-known pundits. LAB increased vote by 7.3% & came home 40.3% ahead
"Anis Amri offered to carry out a suicide attack several months ago, according to Spiegel magazine.
The offer was picked up in telephone surveillance of extremist preachers who were under investigation.
Despite the alarming nature of the offer it was not considered grounds for arrest."
From the telegraph live blog. Stunning levels of incompetence from the German police and intelligence services. That would be an open and shut case of terrorism here.
@SandPit Hah Yes they're lucky they have Mecca for the Hajj. Do you have to pay to get near the wall these days. Islam is the world's fastest growing religion... can see Saudi squeezing the pips out of that particular trump card.
Can't say I've ever been there, and they won't let a Catholic like me anywhere near Mecca! There's been a load of quite controversial development in the area in the past decade, huge hotels catering for year-round pilgrimages and 5* VIP Hajj trips (with no irony there at all). This is the view from the sacred ground now, the third tallest building in the world and a 600m monstrosity. https://en.m.wikipedia.org/wiki/Abraj_Al_Bait
1:26PM edited 1:26PM @Pulpstar Unless you see fantastic value crazy to bet at the moment. We don't know:
When
Which parties will stand
Who will be the candidates
I'm reminded of last December's Oldham W by-election when there was a strong move to back UKIP suported by some well-known pundits. LAB increased vote by 7.3% & came home 40.3% ahead
To give this political context, we are in Donald Rumsfeld territory with known knowns unknown knowns and known unknowns.
In addition to Mikes unknowns the other one is we do not know what the narrative of the election (or nation) will be. The early rumours on Brexit negotiations? Anger / relief as Article 50 is thwarted by courts or parliament? This is a massive unknown for early 2017.
And now for something completely different. Well, a little different take on an over analyzed event.
Here is an article by one of the founders and top guru on naturalistic decision making (NDM - how we actually make decisions in the workplace in conditions of imperfect information, time and resource limitations, stress, fatigue, new or unfamiliar situations etc...), looking at Hillary's defeat using the tools of NDM. Nothing startlingly new in it, but an interesting approach to assessing which of the factors in her control were the main contributors to her defeat:
1:26PM edited 1:26PM @Pulpstar Unless you see fantastic value crazy to bet at the moment. We don't know:
When
Which parties will stand
Who will be the candidates
I'm reminded of last December's Oldham W by-election when there was a strong move to back UKIP suported by some well-known pundits. LAB increased vote by 7.3% & came home 40.3% ahead
To give this political context, we are in Donald Rumsfeld territory with known knowns unknown knowns and known unknowns.
In addition to Mikes unknowns the other one is we do not know what the narrative of the election (or nation) will be. The early rumours on Brexit negotiations? Anger / relief as Article 50 is thwarted by courts or parliament? This is a massive unknown for early 2017.
This will be before A50 is triggered, surely? Although it may be during a struggle with Parliament on a bill authorising it.
His main beef with political mavens is that they seek to simplify everything down to one cause (and have hindsight bias - the unexpected event in hindsight looks inevitable when it was not). He sees the need to simplify, but not overly so. I like his last couple of sentences:
"If we can’t be smarter in hindsight, it reflects badly on us. When political commentators resort to single-cause explanations, they are not doing us a service. Hopefully we can use the election post-mortems to learn how to simplify without oversimplifying."
PPS His techniques are used in promoting performance and in analysis of workplace accidents.
And now for something completely different. Well, a little different take on an over analyzed event.
Here is an article by one of the founders and top guru on naturalistic decision making (NDM - how we actually make decisions in the workplace in conditions of imperfect information, time and resource limitations, stress, fatigue, new or unfamiliar situations etc...), looking at Hillary's defeat using the tools of NDM. Nothing startlingly new in it, but an interesting approach to assessing which of the factors in her control were the main contributors to her defeat:
Just did my public sector finance update (possibly my last piece of work until the end of January!). The be projection is £63-64bn deficit at the end of the year, would be £6bn under the OBR projection and knocks £30bn off the £122bn additional borrowing conjured up in the AS.
As has been noted earlier it is the Remainers that have been underperforming the EUref shares. The premise of the thread is perhaps false, since one of the correlations in the vote was age. The high turnout of the EUref meant that likely more younger voters turned out than normal. Not sure they'll turn up in a by-election. Indeed the high postal vote in Sleaford would tend to suggest it is the oldies who will be over-represented.
And now for something completely different. Well, a little different take on an over analyzed event.
Here is an article by one of the founders and top guru on naturalistic decision making (NDM - how we actually make decisions in the workplace in conditions of imperfect information, time and resource limitations, stress, fatigue, new or unfamiliar situations etc...), looking at Hillary's defeat using the tools of NDM. Nothing startlingly new in it, but an interesting approach to assessing which of the factors in her control were the main contributors to her defeat:
Just did my public sector finance update (possibly my last piece of work until the end of January!). The be projection is £63-64bn deficit at the end of the year, would be £6bn under the OBR projection and knocks £30bn off the £122bn additional borrowing conjured up in the AS.
Just did my public sector finance update (possibly my last piece of work until the end of January!). The be projection is £63-64bn deficit at the end of the year, would be £6bn under the OBR projection and knocks £30bn off the £122bn additional borrowing conjured up in the AS.
Despite Brexit?
Definitely would be written as a "despite Brexit" story in April when the final data is released.
Just did my public sector finance update (possibly my last piece of work until the end of January!). The be projection is £63-64bn deficit at the end of the year, would be £6bn under the OBR projection and knocks £30bn off the £122bn additional borrowing conjured up in the AS.
You'd get a shock if your new employers, with typical Swiss efficiency, asked you as a condition of employment, for all your social media aliases...
Just did my public sector finance update (possibly my last piece of work until the end of January!). The be projection is £63-64bn deficit at the end of the year, would be £6bn under the OBR projection and knocks £30bn off the £122bn additional borrowing conjured up in the AS.
You'd get a shock if your new employers, with typical Swiss efficiency, asked you as a condition of employment, for all your social media aliases...
They already have! I had to disclose PB. The only condition was not to stray into investment advice, which is pretty much the same as now.
Just did my public sector finance update (possibly my last piece of work until the end of January!). The be projection is £63-64bn deficit at the end of the year, would be £6bn under the OBR projection and knocks £30bn off the £122bn additional borrowing conjured up in the AS.
You'd get a shock if your new employers, with typical Swiss efficiency, asked you as a condition of employment, for all your social media aliases...
They already have! I had to disclose PB. The only condition was not to stray into investment advice, which is pretty much the same as now.
Ha! V sensible. Enjoy your time off before you start.
MaxPB: "Just did my public sector finance update (possibly my last piece of work until the end of January!). The be projection is £63-64bn deficit at the end of the year, would be £6bn under the OBR projection and knocks £30bn off the £122bn additional borrowing conjured up in the AS."
That would be a happier back-drop to a snap election.....
surbiton Posts: 9,081 2:46PM glw said: » show previous quotes Yeah the Saudis were lucky that Gordon Brown didn't ruin their economy for ten years. You mean the lowest average debt to GDP ratio. It was even lower than Germany before the Tories took over.
In these six years the Tories have borrowed more than all Labour governments put together did since the War.
I think we all agree the Tories should have cut far far harder than they did.
AFP #BREAKING Saudi Arabia projects $52.8 billion deficit in 2017: official TV
Terrible. But lower than Tory Britain after 6 years.
Yeah the Saudis were lucky that Gordon Brown didn't ruin their economy for ten years.
You mean the lowest average debt to GDP ratio. It was even lower than Germany before the Tories took over. In these six years the Tories have borrowed more than all Labour governments put together did since the War.
I accept that Osborne could have done a better job but he was only a part time chancellor. That said your silly point indicates that you have no concept of momentum and run-rate? Or are you just posting click bait?
You mean the lowest average debt to GDP ratio. It was even lower than Germany before the Tories took over.
In these six years the Tories have borrowed more than all Labour governments put together did since the War.
Labour gave us the largest deficit for about 80 years, cleaning up that mess has proven very difficult as you well know. But please do keep on pretending that Labour did a good job on the economy, because until Labour supporters can talk honestly about the mess they left behind they are unlikely to be elected again.
AFP #BREAKING Saudi Arabia projects $52.8 billion deficit in 2017: official TV
Terrible. But lower than Tory Britain after 6 years.
Yeah the Saudis were lucky that Gordon Brown didn't ruin their economy for ten years.
You mean the lowest average debt to GDP ratio. It was even lower than Germany before the Tories took over. In these six years the Tories have borrowed more than all Labour governments put together did since the War.
I accept that Osborne could have done a better job but he was only a part time chancellor. That said your silly point indicates that you have no concept of momentum and run-rate? Or are you just posting click bait?
Clearly the facts worry you. You are not denying it like you guys deny that the entire developed world [ 22 out of 24 OECD ] countries went into the deepest recession since the 30's because of your blind hatred of anything Labour.
I accept that Osborne could have done a better job but he was only a part time chancellor. That said your silly point indicates that you have no concept of momentum and run-rate? Or are you just posting click bait?
Six years on since they were booted out and Labour supporters are still in complete denial. It's quite something.
Is government spending ever broken down into the following ?
Labour (Wages, Tax, NI, pension contributions etc of Doctors, nurses, teachers, admin etc) Capital spend (School buildings, hospitals) Material overheads (Scalpels, print cartridges and so on) Cash out (Welfare payments, Housing benefit, pensions and so forth) Interest payments
Cameron and Osborne in opposition said that we should not bail out the banks.They also said they would match Labours spending and we should be following the Irish tiger economy.pb Tories forget all that b's.
AFP #BREAKING Saudi Arabia projects $52.8 billion deficit in 2017: official TV
Terrible. But lower than Tory Britain after 6 years.
Yeah the Saudis were lucky that Gordon Brown didn't ruin their economy for ten years.
You mean the lowest average debt to GDP ratio. It was even lower than Germany before the Tories took over. In these six years the Tories have borrowed more than all Labour governments put together did since the War.
I accept that Osborne could have done a better job but he was only a part time chancellor. That said your silly point indicates that you have no concept of momentum and run-rate? Or are you just posting click bait?
Clearly the facts worry you. You are not denying it like you guys deny that the entire developed world [ 22 out of 24 OECD ] countries went into the deepest recession since the 30's because of your blind hatred of anything Labour.
I make a balanced point and you accuse me of blind hatred of Labour. Sheesh, you must be uncomfortable at social gatherings.
Cameron and Osborne in opposition said that we should not bail out the banks.They also said they would match Labours spending and we should be following the Irish tiger economy.pb Tories forget all that b's.
I wish people would use the more accurate "bail out the banks customers"
Cameron and Osborne in opposition said that we should not bail out the banks.They also said they would match Labours spending and we should be following the Irish tiger economy.pb Tories forget all that b's.
The Irish tiger economy came through the crisis and is now booming. PIGS really can fly.
Wild currency fluctuations in March '17...... Government panic..... Leading Brexiteer comes out to recant and say he made a serious mistake...... Gove says it was wrecked by government indecision ....calls for May to resign...£ sinks to parity with the dollar...Scotland calls for second independence referendum IMMEDIATELY.....£ continues to fall...Hammond CALLS emergency budget.....Boris resigns followed by Fox......May calls Red White and Blue election...Her leadership is challenged by Davis....there's a run on Irish passports...... Farage is appointed US ambassador
Corbyn and Farron win the most seats and form the second Lib Lab pact. Corbyn cycles to the palace
Cameron and Osborne in opposition said that we should not bail out the banks.They also said they would match Labours spending and we should be following the Irish tiger economy.pb Tories forget all that b's.
As a principle banks shouldn't be bailed out, and indeed we are now arguably in a position where every bank knows full well it can rely on the tax payer to prop it up. That is not a good thing, no matter how necessary some of the bail outs were. I'd score that as a half mark.
The Celtic Tiger BS has been blown apart, and nobody would try to defend that any more. I'll give you that one.
Meanwhile Labour supporters still kid themselves that a deficit of 10% was basically "quite a good job done". I can't fathom how anyone sees Brown as anything other than a total disaster.
How this sorry saga will end..... Wild currency fluctuations in March '17...... Government panic..... Leading Brexiteer comes out to recant and say he made a serious mistake...... Gove says it was wrecked by government indecision ....calls for May to resign...£ sinks to parity with the dollar...Scotland calls for second independence referendum IMMEDIATELY.....£ continues to fall...Hammond CALLS emergency budget.....Boris resigns followed by Fox......May calls Red White and Blue election...Her leadership is challenged by Davis....there's a run on Irish passports...... Farage is appointed US ambassador Corbyn and Farron win the most seats and form the second Lib Lab pact
Cameron and Osborne in opposition said that we should not bail out the banks.They also said they would match Labours spending and we should be following the Irish tiger economy.pb Tories forget all that b's.
The Irish tiger economy came through the crisis and is now booming. PIGS really can fly.
Cameron and Osborne in opposition said that we should not bail out the banks.They also said they would match Labours spending and we should be following the Irish tiger economy.pb Tories forget all that b's.
History does not agree with you Mr City - David Cameron's 2008 speech.
One important judgement call for us as an Opposition Party was whether to support the re-capitalisation of our banks with billions of pounds of taxpayers' money.
We did support that – and my Party backed the decision, united and strong.
@glw I think the FSCS protections on "banks" are quite right, but government involvement should end there.
Companies, higher net worth individuals & people in business should consider the security of their bank(s) as part of the normal due diligence they would do so for any customer or supplier.
It would be healthier in the long run, but it'll never happen.
Can not see Labour winning this by election in Feb march or April.However if it is in May on same day as council elections they might hold it.Similar to last year when they did better than most forecasts and winning the London and Bristol mayoralities .Which seemed to me that many who were writing Labour obituaries was a bit premature .Many were saying the same in 92 then doing a full reverse and writing off the Conservatives in 97.It is hard to predict next year never mind 2020.
History does not agree with you Mr City - David Cameron's 2008 speech.
One important judgement call for us as an Opposition Party was whether to support the re-capitalisation of our banks with billions of pounds of taxpayers' money.
We did support that – and my Party backed the decision, united and strong.
@glw I think the FSCS protections on "banks" are quite right, but government involvement should end there.
Companies, higher net worth individuals & people in business should consider the security of their bank(s) as part of the normal due diligence they would do so for any customer or supplier.
It would be healthier in the long run, but it'll never happen.
From the flows we observe, HNWIs do consider security of the bank as a key part of their decision making process. You might be surprised by their conclusion though!
Mr. Glenn, you picked one of the PIIGS that's now 'flying', which did paint a somewhat misleading picture. Ireland's done very well to turn things around. The other PIIGS are in varying states.
What makes you think I'd oppose more drastic cuts?
Fair enough if you do, but usually when someone says "but Ireland" they don't think of the overnight 10% pay cuts and so on. No way would Labour have supported any action like that.
@glw I think the FSCS protections on "banks" are quite right, but government involvement should end there.
Companies, higher net worth individuals & people in business should consider the security of their bank(s) as part of the normal due diligence they would do so for any customer or supplier.
It would be healthier in the long run, but it'll never happen.
They issue is that as a businessman it's nice and easy to say we should do due diligence and so we should. But if I think my bank is secure then suddenly lose the money in my bank account then I'm not the only one to lose out. Without those funds how do I pay my suppliers? For that matter how do I pay my staff their wages?
Cash funds in a bank account should be as secure as cash in hand.
Doesn't mean banks shouldn't be able to fail. It should be possible to have a further enhance FSCS style scheme to secure the cash in bank accounts but mean that the shares in the bank, the wages of those working for the bank etc etc are as vulnerable as any other business that may fail.
Morris I know it easier in opposition but in 2007 I remember. Cameron saying he would equal Labour spending also calling for more health visitors midwife's and defence spending and less regulation in the financial sector.Also been against Heathrow third runway.As I said before he was a man with no successful legacy as it was hard to know what he believed.
We have a weak pound (Brexiteers keep telling us how great that is) and we ARE STILL PART OF THE CUSTOMS UNION.
If we leave, car manufacturing will be devastated. You will notice we haven't left yet...
Your side lost, but you will never get over it. All those thousands of re-posts you toiled away on in 2016. For what purpose? To prove that your judgement was wrong.
Simon your party opposed the the bail out of Northern rock.
The bailout of Northern Rock was a complete shambles. Between them, Brown and Darling dithered for weeks, making a manageable problem into a major crisis. Mervyn King thought it wasn't his problem, which was sort-of right given that the half-wit who by then was, alas, Prime Minister, had explicitly removed oversight of the stability of the banking system from the BoE's remit. The Financial Services Authority, obsessed with idiotic compliance forms and grannies producing gas bills to access their savings, thought it was nothing much to do with them either.
Osborne, quite correctly, pointed this out. Indeed, Peter Lilley, his predecessor as Shadow Chancellor had famously warned, in 1997, of exactly how Brown's fiddling with bank regulation would turn out.
Mr. City, the financial crisis and recession completely changed the political landscape. Going into the election, the Conservative and Labour platforms (overtly, at least) were substantially different.
Rcs100 apologies you are correct bail out the banks customers. I did not agree with Alistair Darling bailing out customers getting a high rate outside the UK the Icelandic Banks.
Comments
During his brother's presidential campaign and subsequent administration, [Roger] Clinton was given the codename "Headache" by the Secret Service
Seeing as I'll either have first or second pick, it is either David Johnson or Ezekiell Elliot first up.
Democrats are arguing that the reason Clinton lost was due to the Russians, the FBI, fake news, etc. It has zero to do with their candidate being really shit.
http://tinyurl.com/h3wkqw5
On checking Wiki to see if the funkmaster was still extant, I note that the 4th vice POTUS was a George Clinton.
To Roy Jenkins, Who Pronounced His Rs as Ws
Roy: I leave this party without rancour
Dennis: I thought you were taking Marquand with you
Most of them seem to think they need to double down on their losing strategy of promoting left wing identity politics.
#BREAKING Saudi Arabia projects $52.8 billion deficit in 2017: official TV
“I think a leadership and a people that have forgotten, that have lost their bearings and do not understand the constraints that we face. Small base; highly, technically organised; very competent people; complete international confidence; and an ability to engage the big boys. You lose those, and you’re down. And you can go down very rapidly…
When a 7 year old girl is really a propaganda merchant for regime change in Syria, goes too far and has to delete tweet
https://apnews.com/4e14f73be8df4caf90643cd2d757054c/Arrest-in-'Vote-Trump'-burning-of-Mississippi-black-church
But it's right wing fake news on Facebook that's the real problem.
VAT arrives in the GCC countries in Jan 2018! Am waiting to see if that will affect a small businessman or not.
Plato's figure gives about 6% deficit I think...
http://www.telegraph.co.uk/news/2016/12/22/berlin-terror-attack-tunisian-suspect-anis-amri-investigated/
I'll see myself out......
P.S. Nunu was the pet name for one of my nieces, when she was a baby/toddler.
When
Which parties will stand
Who will be the candidates
I'm reminded of last December's Oldham W by-election when there was a strong move to back UKIP suported by some well-known pundits. LAB increased vote by 7.3% & came home 40.3% ahead
The offer was picked up in telephone surveillance of extremist preachers who were under investigation.
Despite the alarming nature of the offer it was not considered grounds for arrest."
From the telegraph live blog. Stunning levels of incompetence from the German police and intelligence services. That would be an open and shut case of terrorism here.
There's been a load of quite controversial development in the area in the past decade, huge hotels catering for year-round pilgrimages and 5* VIP Hajj trips (with no irony there at all).
This is the view from the sacred ground now, the third tallest building in the world and a 600m monstrosity.
https://en.m.wikipedia.org/wiki/Abraj_Al_Bait
In addition to Mikes unknowns the other one is we do not know what the narrative of the election (or nation) will be. The early rumours on Brexit negotiations? Anger / relief as Article 50 is thwarted by courts or parliament? This is a massive unknown for early 2017.
Here is an article by one of the founders and top guru on naturalistic decision making (NDM - how we actually make decisions in the workplace in conditions of imperfect information, time and resource limitations, stress, fatigue, new or unfamiliar situations etc...), looking at Hillary's defeat using the tools of NDM. Nothing startlingly new in it, but an interesting approach to assessing which of the factors in her control were the main contributors to her defeat:
https://www.psychologytoday.com/blog/seeing-what-others-dont/201612/why-did-hillary-lose-the-election
https://theintercept.com/2015/11/18/terrorists-were-already-known-to-authorities/
I expect not. I believe the intention is for the resignation to take effect from end of Jan 2017.
Add the max 3 months = End April and a May 4th election seems possible.
If the resignation is with immediate effect, then an earlier election would be probable.
His main beef with political mavens is that they seek to simplify everything down to one cause (and have hindsight bias - the unexpected event in hindsight looks inevitable when it was not). He sees the need to simplify, but not overly so. I like his last couple of sentences:
"If we can’t be smarter in hindsight, it reflects badly on us. When political commentators resort to single-cause explanations, they are not doing us a service. Hopefully we can use the election post-mortems to learn how to simplify without oversimplifying."
PPS His techniques are used in promoting performance and in analysis of workplace accidents.
#DespiteBrexit obviously.
http://order-order.com/2016/12/22/uk-shoots-up-business-league-table/
That would be a happier back-drop to a snap election.....
So top serious economy in the world, then....
If anyone in the west thinks that the Iranian regime can be changed from within, think again.
https://www.gatestoneinstitute.org/9597/iran-reform
"The top five in that Forbes list are Sweden, New Zealand, Hong Kong, Ireland and the UK.
So top serious economy in the world, then...."
3 of the top 5 in the EU.
They had UKIP at a 20% chance ! Too high.
In these six years the Tories have borrowed more than all Labour governments put together did since the War.
...ducks for cover.
2:46PM
glw said:
» show previous quotes
Yeah the Saudis were lucky that Gordon Brown didn't ruin their economy for ten years.
You mean the lowest average debt to GDP ratio. It was even lower than Germany before the Tories took over.
In these six years the Tories have borrowed more than all Labour governments put together did since the War.
I think we all agree the Tories should have cut far far harder than they did.
Labour (Wages, Tax, NI, pension contributions etc of Doctors, nurses, teachers, admin etc)
Capital spend (School buildings, hospitals)
Material overheads (Scalpels, print cartridges and so on)
Cash out (Welfare payments, Housing benefit, pensions and so forth)
Interest payments
https://www.theguardian.com/business/2016/jul/12/irish-economic-growth-revised-figures-foreign-investment-aircraft
Wild currency fluctuations in March '17...... Government panic..... Leading Brexiteer comes out to recant and say he made a serious mistake...... Gove says it was wrecked by government indecision ....calls for May to resign...£ sinks to parity with the dollar...Scotland calls for second independence referendum IMMEDIATELY.....£ continues to fall...Hammond CALLS emergency budget.....Boris resigns followed by Fox......May calls Red White and Blue election...Her leadership is challenged by Davis....there's a run on Irish passports...... Farage is appointed US ambassador
Corbyn and Farron win the most seats and form the second Lib Lab pact. Corbyn cycles to the palace
The Celtic Tiger BS has been blown apart, and nobody would try to defend that any more. I'll give you that one.
Meanwhile Labour supporters still kid themselves that a deficit of 10% was basically "quite a good job done". I can't fathom how anyone sees Brown as anything other than a total disaster.
Simon Richards @simplysimontfa
UK car production smashes 17-year record making more than 1.6m motors http://dailym.ai/2h4OcJt via @ThisIsMoney
One important judgement call for us as an Opposition Party was whether to support the re-capitalisation of our banks with billions of pounds of taxpayers' money.
We did support that – and my Party backed the decision, united and strong.
https://www.theguardian.com/politics/2008/oct/17/davidcameron-economy
Companies, higher net worth individuals & people in business should consider the security of their bank(s) as part of the normal due diligence they would do so for any customer or supplier.
It would be healthier in the long run, but it'll never happen.
We have a weak pound (Brexiteers keep telling us how great that is) and we ARE STILL PART OF THE CUSTOMS UNION.
If we leave, car manufacturing will be devastated. You will notice we haven't left yet...
Cash funds in a bank account should be as secure as cash in hand.
Doesn't mean banks shouldn't be able to fail. It should be possible to have a further enhance FSCS style scheme to secure the cash in bank accounts but mean that the shares in the bank, the wages of those working for the bank etc etc are as vulnerable as any other business that may fail.
Osborne, quite correctly, pointed this out. Indeed, Peter Lilley, his predecessor as Shadow Chancellor had famously warned, in 1997, of exactly how Brown's fiddling with bank regulation would turn out.
4th or 5th for LDs in Copeland?