politicalbetting.com » Blog Archive » TMay’s big speech – the reaction

Whatever you think of T May as a politician, she’s a human under a lot of pressure and given the extraordinary circumstances, that was a good speech.
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I said policy lite, motherhood and apple pie and no details on Brexit. Ticked most the boxes really.
That doesn't make the challenges of Brexit go away, of course.
But all the fine words about uniting, being for everyone, seem to disappear or get lost when the topic is Brexit. It certainly wasn't the worst she's been, but it's not going to convince many non-Tories that Brexit is anything other than an internal party issue that got out of hand. Might get a few wavering right-wingers back on board though? The risk of *no Brexit* if her plan fails is very different from the risk of *no deal* that she's been saying recently, seems a smarter pivot as it's her right wing who are the swing voters here.
Interesting.
Tories out!
Competent but fundamentally irrelevant (aside from the dancing). That could almost be Theresa May's epitaph.
- Strong on Corbyn being a bad egg.
- Strong on defending political discourse and rooting out hate (particularly the Diane Abbott words, that was good).
Strong on centre-ground conservative values.
It was a bit uninspired and short on ideas, but she isn't an ideas person.
But leaving the politics aside, are there any legislative / regulatory barriers to prevent a council switching, or - at a lesser level - national agreements that would have to be withdrawn from, where the withdrawal would have other consequences?
But what?
On housing I suspect the devil will be in the detail. Borrowing caps are not the only things inhibiting local authorities. They are also concerned about whether they would get a return on their investment.
My expectation is that short of a recession the deficit will continue to fall but much more modestly than hitherto.
Actually, I did not like the dancing much. I thought it set a trivialising mood to what should be a serious speech.
No, that wouldn't fly. May couldn't accept a second referendum on anything other than a Deal / No Deal basis (and would probably lose that), without being No Confidenced by her MPs.
https://www.theguardian.com/uk-news/2018/oct/03/vladimir-putin-calls-sergei-skripal-a-scumbag-and-traitor
https://twitter.com/youngvulgarian/status/1047263605413072896
Doing a deal is now practically impossible, slagging off Boris however is shooting fish in a barrel. Of course May is going for the latter.
Admittedly I was not leading the country, but Mrs May isn't either
@david_herdson
A (reputable) pensions advisor opined to me a few years back that in future there will be three groups of people when it comes to pensions:-
1) Those who have worked for a good time in the public sector.
2) Successful business owners.
3) Everyone else ( Who are all stuffed).
Overblown a tad maybe, but as I was explaining to my wife recently at her age the benefits she is clocking up annually in the public sector amounted to well over the equivalent of 40% of her salary to buy the exact same benefits in the private sector.
These are big numbers.
Edit: I should add that I don't have calm self-assurance on this. Things can still go very wrong, leading either to a disastrous No Deal or to Corbyn, or both. Still, the likelihood is some fudge loosely based on Chequers.
Theresa May is the Eddie the Eagle of politics.
I expect (fear) that we are going to have to put up a slowing of our economy and all sorts of silly and aggravating pin-pricks before the 2022 General Election when I hope we’ll have a credible Rejoin party. Even then I don’t really expect it to win until 2027.
The path through this mess, I think, is another form of No Deal. Where we commit to an end policy but carry on more or less as we are until we get there, which we never do. Canada being long and complex is a useful time-waster.
Switching her out for a caretaker leader would surely be a sine qua non of the Tories supporting a people's vote?
On my wording, you gain the possibility of May's government falling and a Labour government introducing the referendum - which is by far the most likely way it could come about.
And the thing is, it is all lies. May knows that the moment she escapes the conference she intends to run off to Brussels and sell out on all her red lines and promises, not a word of which she mentioned to the UK public in her speech. And we are meant to see this as some sort of virtue? If she believes in keeping the UK locked in a customs union and having a regulatory border in the Irish Sea, why did she not just say so?
This speech, such as it was, will be forgotten in a day. And we will be back to the reality that someone who is totally incompetent and untrustworthy is negotiating on behalf of the country.
Save more,
Retire later.
Retire on less.
A combination of the three.
Just looked up retiring on rpi increases at 55 with 50% spouse benefit on death (spouse same age) guaranteed for 5 years.
The answer is you need a pot 55 (fifty five) times the annual sum. So 20K pension requires about 1.1M (or more than the upper tax break you are allowed in the private sector).
Big numbers.
In any case, it wouldn't be the whole public sector; it'd be local government, which for reasons already mentioned can make that switch more easily than schemes which are funded out of current taxation.
https://twitter.com/guyverhofstadt/status/1047387997635837952
But what May's onslaught has done is retroactively and probably unintentionally made Boris look both principled and insightful, which of course he wasn't.
When the leadership election comes he can now with a straight face and a clear conscience say to Tory members "I was the *only one* of the leadership candidates with the courage to be honest with you about May's disastrous attempts at compromise, every other of my colleagues here tonight willfully attempted to deceive you that Chequers wasn't the abomination you all clearly perceived it to be".
May's political incompetence is so all-encompassing it can even bite her in the arse from beyond the political grave.