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David Cowling, the leading election analyst and former head of BBC political research, has produced an excellent paper which asks the question of why Corbyn’s Labour is not doing better in the polls.
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. if Labour cannot put the Conservatives on the canvas when Mrs May is leading them
May is leading?
Sinking to fifth
The times we are in, comparisons with past performance and outcomes (whether by government or opposition) seem decreasingly pertinent.
And the answer to the question is simple - Corbyn's such a divisive figure that the Conservatives start with 40% of the vote even if they propose crazy shit like say a dementia tax.
However, 2017 was also the fifth consecutive election that the Conservatives increased their vote share. That's a run that seems unlikely to go on forever. I rather suspect the next election will be decided by whose vote falls least. If Corbyn is in place the Conservatives still have a decent chance of being that party.
If Corbyn Labour was actually making headway where it matters, the Tories would not be on 40% plus in the polls. They would be in the low to mid 30s and Labour in the high 40s. No opposition has ever come to power without being at least 15 points ahead between elections.
Most governments tend to claw back support from their between election poll lows as general elections approach . Even Major and Brown did so. The Tories will almost certainly poll higher than 40% at the next election, especially since they will have a new leader, better manifesto, better campaign, and Corbyn will be 73 and exposed to vicious Tory forensic analysis. Brexit will be done and dusted, and older people who may have abstained in 2017 believing the Tory victory was "in the bag" will queue round the corner to stop Corbyn.
Labour should be anticipating these developments. Instead of seeing the 2017 election as a vindication of Corbyn, it should have dumped him and moved forward with a new leader, addressing as it did so why Labour is not trusted on the economy.
Instead the Labour Titanic chooses to return to its course towards the electoral iceberg.
If the last twenty-five years have revealed anything however it is that nobody has ever lost out by betting on the Conservatives to do the most stupid and harmful thing they can.
IDS was the worst but I am sure we can all think of others.
While I would be very surprised if a Labour Party led by the Jezziah were to win, it can't be ruled out any more. We are a Boris premiership away from it.
Certainly they can't expect that sort of treatment a second time round - particularly in the area of costings. It is easy to promise everything to everyone when you have no realistic expectation of winning. The costs don't matter if you are never going to implement things. But the electoral maths have changed and so will the level of economic scrutiny.
It will be a very different dynamic in 2022. Different questions will be asked of a Corbyn Labour Party. They need proper answers.
However, I dont think the Tories will run the disastrous campaign of 2017 -they will have learned those lessons.
Labour however has learned nothing. Still running its lap of honour, it is sleepwalking towards a famous defeat in 2022.
Note shares are GB not UK
In the 2017 GE campaign, the public (and indeed the media) were very surprised by many of his policies - with the result that much of the reporting was simply along the lines of "Wow, that's amazing, never dreamt he would do that".
Whilst I'm sure he'll have some new policies next time, most of his policies next time (and certainly the general thrust of them) won't be new. As a result, the reporting is much more likely to be along the lines of "[As expected], Lab is proposing X, what will the effect be?".
That doesn't mean the policies won't be just as popular - they may be - but the tone of the reporting is likely to be quite different.
https://www.bbc.co.uk/news/amp/world-europe-43003740
Open - up 350
6.30pm (UK time) - Down 400
8.40pm (UK time) - Up 500
Close - up 330
As far as I can see these recent moves are of no concern whatsoever. For pretty much all previous periods of high volatility in the past (over more years than I'd care to share) I've understood and shared the concerns. That's not even slightly the case this time. I have to say that rather worries me
One possible little contributing factor that isn't in the news as far as I'm aware, and yet is a significant factor, is that there may be a decline in business longevity. In the UK we see quite a few longstanding businesses having problems.
The above notwithstanding I feel reasonably safe in equities.
Seems to be a market for doom and gloom these days - Trump, Global warming, North Korea, Brexit , Bake off moving to C4 etc - none of them ever materialise as an issue.
Humankind and technology will prevail and improve our lives - only misanthropists who don’t have any faith in mankind to overcome change should worry.
“Remainers crying into their Gazpacho”.....
Tuition fees to be cut and incentives for science and tech students
I’d rather have 5% lower GDP in 15 years than no longer have voters trust the power of their vote.
Might yet elect Corbyn of course ( God help us).
Of course a compromise was arrived at vis a vis Boaty McBoatface in that I think it’s the name of the launch boat of the RSS Attenborough.
“No mottoes please, we’re British”
And
“Dipso, Fatso, Asbo, Tesco”
It’s not about the money.
Do I want an economy 5% smaller than it might have been in 15 years, or do I want a country where voters no longer think their vote can change things? For me it’s a simple decision.
Presidents Club = an organisation not understanding the way in which what is socially acceptable has changed (rapidly) in recent years.
Oxfam = an organisation doing its best to deal with totally reprehensible behaviour by some of its (now former) employees.
The latter could happen to any organisation (it's how they deal with it that counts); the former says a lot about the organisation itself.
Not that I agree on the value of what they are buying with that GDP compared to the value of what we are losing, but I can understand why people would decide to make such a trade.
Refusing to guarantee permanent rights to EU nationals who come to live and work in Britain during the transition period
is a point worth sticking on?!
It’s clear by now it’s a choice between being a province of a USE or an independent country.
Worrying about equivalence or convergence or whatever on kettle regulations is just utterly missing the point.
No idea how any of it will be tracked anyway as we have no exit controls st al
What exactly do you think the mix of our economy is in terms of manufacturing and services?
https://twitter.com/PeterKGeoghegan/status/962095190252118016
It is much more likely that the uncertainty around the transition that this sort of stance induces will worry large corporations considering their location plans.
I used to be a big supporter of the Barnabas fund who do a lot of work with persecuted and refugee Christians:
https://barnabasfund.org/en
but have rather gone off them because of this little story.
https://www.google.co.uk/amp/s/www.christiantoday.com/amp/patrick-sookhdeo-why-the-barnabas-funds-founder-should-keep-silence/56964.htm
"The Treasury are happy to drop the maximum fee, if it makes the RAB [Resource Accounting and Budgeting] charge lower,” a well-placed source said."
Smoke and mirrors?
The RAB charge is (basically) the total % of tuition fee debt that the treasury doesn't get repaid.
Reducing the RAB charge means making students pay more - Increasing the tuition fee burden.
Which means Theresa would be backtracking on her October announcement...
https://www.ifs.org.uk/publications/9964
This is going to be fun.
That what you meant?
My Irish wife has been told she has to produce her passport every three months to prove she is allowed to work in the UK for example.
The UK will become a bureaucratic hellhole for foreigners to live in I fear.
I think people would rather believe that they were right, but other people ruined it, then that they were duped. Sincere apologies, human psychology.
Or maybe not.
Frankly as I said downthread it is clear by now this is existential to our independence. No price, I repeat no price, is not worth paying.
Because the interest on the student debt is so high, and most never repay - that is theoretically a large amount of money Treasury miss out on.
If Treasury reduced fees and made up the shortfall themselves (perhaps with a bit of a squeeze on universities to cut costs) then they could claim to have saved money. Bit of an accounting fiction.
Oh no you don't.
Being right is not enough. One also has to be persuasive. I know I just love being told how stupid I was whenever I've made a mistake.