politicalbetting.com » Blog Archive » Keiran Pedley asks Is 2016 the year David Cameron loses the
Comments
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I still go there in the evening for the social aspect.TOPPING said:
change of your PB name for the duration?Hertsmere_Pubgoer said:Afternoon all.
One of the benefits of doing Dry January ...snip...
Just soft drinks for the duration although as there are 5 weekends this month, it's a bit of a killer.0 -
@SkyNewsBreak: British Medical Association says #JuniorDoctors in England will strike next Tuesday after talks with Government failed to reach an agreement0
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Didn't a PBer say how Scotland was uniquely able to cope with floods compared to infinitely inferior loyalist England?
http://www.dailymail.co.uk/news/article-3382715/Queen-s-neighbour-flees-home-historic-450-year-old-castle-threatened-rising-flood-waters-leaving-teetering-brink.html
What a shame. Not the best Scottish tower castle, but it'll still be a loss.0 -
When you bear in mind this probably flatters Labour...FrancisUrquhart said:
McMao and his little red book sweeping the nation...Scott_P said:@britainelects: Best party to handle the economy:
CON: 41%
LAB: 18%
UKIP: 5%
LDEM: 4%
(via YouGov)0 -
Which would mean that he is more interested in having somebody in Defence who wants to abolish Trident. Get your bets on for who will win Barrow in 2020.Scott_P said:@TheJoshuaLovell: Rumors that Hilary Benn could stay.... #reshuffle
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https://www.youtube.com/watch?v=LZk_HnE-cdUFrancisUrquhart said:
Boooooooooooooooo. Boring, boring, boring...Scott_P said:@TheJoshuaLovell: Rumors that Hilary Benn could stay.... #reshuffle
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Sack em all.Scott_P said:@SkyNewsBreak: British Medical Association says #JuniorDoctors in England will strike next Tuesday after talks with Government failed to reach an agreement
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Could you see yourself voting to leave if the Eurozone/Non-Eurozone issue is not adequately resolved?flightpath01 said:
The Eurozone is the splitter between us and the EU and its that issue which needs to be determined. Logic suggests there should be 2 orbits to the EU solar system.rcs1000 said:
As I've been saying for some time: I think Brexit is in the best interests of both the UK and the European Union.TheScreamingEagles said:
I'm taking the Churchillian view. There should be a United States of Europe but Le Royaume-Uni should have nothing to do with it.Casino_Royale said:
I do wish my fellow Leavers would stop doing this.TheScreamingEagles said:
Errr no. I'm likely to vote leave, but you keep up hiking up Mount WrongnessMaxPB said:
You sound like a europhile who would sell this country down a river to win this referendum. Oh wait, you are one.TheScreamingEagles said:
You sound like a Corbynite true believer.MaxPB said:
The only way to unite the party is have the PM campaign for Leave. The Europhile headbangers can f*** off to the Lib Dems then.TheScreamingEagles said:My biggest fear for this year and 2020 for the Tory party is that we revert back to the 90s and are obsessed by the EU and destroy our electoral prospects.
Allows me to be consistent to my Pro-EU position yet allows me to vote to leave.
The EU going forward is going to be dominated by the Eurozone and the only way we'd have any influence is if we join the Euro and I'd rather have Corbyn as PM than join the Euro.0 -
John Woodcock said he would resign if Labour didn't build four submarines didn't he, but as they are not in government it doesn't commit him? Looking forward to his speech in the Trident debate though.flightpath01 said:
Which would mean that he is more interested in having somebody in Defence who wants to abolish Trident. Get your bets on for who will win Barrow in 2020.Scott_P said:@TheJoshuaLovell: Rumors that Hilary Benn could stay.... #reshuffle
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There is Lucy Powell - is she currently in the shadow cabinet or not?Wanderer said:
To be honest, if Labour had an all-female front bench it might help. With the (admittedly sizeable) exception of Abbott, the complete and utter disaster areas are all men, no?FrancisUrquhart said:Speaking to BBC Newsnight Harriet Harman, who was acting Labour leader for four months after the party lost the 2015 election, said: "We can't have a men-only leadership when we are party for women and equality.
"Women expect to see men and women working together and we can't have an all-male leadership again and therefore we need to change the rules."
Calm down dear...0 -
Biggest mistake ever was selling social housing , at worst they should at least have ploughed the proceeds into building new smaller social houses. They have to start building sensible social housing instead of just wasting ever growing amounts on private rental.DavidL said:
These figures in fact substantially understate the extent of our problems. By 2010 public spending was not only increasing at a completely unsustainable rate, it had several drivers built into it which meant that it was likely to increase into the future whether the tax revenue was there or not.flightpath01 said:
'fixed' is one way to put it, but I for one am grateful for you pointing out a few facts.DavidL said:Alanbrooke said:david_herdson said:
.Alanbrooke said:
From what I read net borrowing reached a peak in 2009/10 wth £167.4bn. It would be interesting to see how critics would sustain the economy and cut that deficit at the same time.
In fact the govt made a good job of for instance making welfare cuts in its first 5 years.
If people want to look at the real cause of all our problems then at 20011/12 prices total managed govt expenditure was 439bn in 94/95, 444bn in 2000/01, but 707bn in 2009/10.
Just work out what an increase of 268 is on top of 439 !!
A massive increase and pulling the rug from under that is not easy. Just take a look at what happens when welfare cuts are threatened.
So we had major problems in funding public sector pensions which were prohibitively generous with the result that even those in the public sector who contributed were in fact paying less and less of the costs.
We had huge "off balance" sheet liabilities for PFI that had major negative implications for future spending in both health and education.
We had allowed Housing Benefit to run completely out of control, not just in London but elsewhere. As generation rent increased so did the drain on the public purse.
We had eliminated all of the benefits that the public purse would normally get from increased employment. In fact increased employment increased benefit spending as the next 5 years showed all too clearly.0 -
If the not so shining Eagles sisters go and Benn remains in post I will think less of him.0
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Indeed - And then make em pay the full whack for their tax payer supplemented education.TGOHF said:
Sack em all.Scott_P said:@SkyNewsBreak: British Medical Association says #JuniorDoctors in England will strike next Tuesday after talks with Government failed to reach an agreement
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Jo Maugham QC @JolyonMaugham 5m5 minutes ago
Percentage of voters who think Labour can handle the economy is now the same as think polygamy is morally acceptable0 -
You have a point.kle4 said:
There is Lucy Powell - is she currently in the shadow cabinet or not?Wanderer said:
To be honest, if Labour had an all-female front bench it might help. With the (admittedly sizeable) exception of Abbott, the complete and utter disaster areas are all men, no?FrancisUrquhart said:Speaking to BBC Newsnight Harriet Harman, who was acting Labour leader for four months after the party lost the 2015 election, said: "We can't have a men-only leadership when we are party for women and equality.
"Women expect to see men and women working together and we can't have an all-male leadership again and therefore we need to change the rules."
Calm down dear...
I was imagining something like an advert along the lines of "Men: The sex that brought you Jeremy Corbyn, John McDonnell, Richard Burgon, Ken Livingstone and George Galloway. Can something that feels so right be so wrong?"0 -
She is Education, doing a sterling job...kle4 said:There is Lucy Powell - is she currently in the shadow cabinet or not?
@gsoh31: By the way everyone, Cons lead Labour on *Education*... https://t.co/XoVUfigmif0 -
While that's probably true, one thing the Eurozone has done quite well is to insulate itself from Grexit. The debts have been taken off the balance sheets of Europe's banks, and put in to a series of long-term funded supra-national entities. Should Greece go *pop*, then the actual near-term financial impact will be pretty small.Pauly said:
Also most importantly, Greece is not fixed.MaxPB said:I think another large factor will be the timing of the referendum, if it is going to be in September then it will come after a summer of a refugee crisis in Europe that we will be asked to chip into.
http://www.bloomberg.com/news/articles/2016-01-01/greek-savers-still-wary-of-tsipras-after-2015-financial-tumult
I'd also point out that most of the other PIIGS debt-to-GDP has peaked, and will continue to decline as 'bad banks' are unwound.0 -
Edukashun, I think.kle4 said:
There is Lucy Powell - is she currently in the shadow cabinet or not?Wanderer said:
To be honest, if Labour had an all-female front bench it might help. With the (admittedly sizeable) exception of Abbott, the complete and utter disaster areas are all men, no?FrancisUrquhart said:Speaking to BBC Newsnight Harriet Harman, who was acting Labour leader for four months after the party lost the 2015 election, said: "We can't have a men-only leadership when we are party for women and equality.
"Women expect to see men and women working together and we can't have an all-male leadership again and therefore we need to change the rules."
Calm down dear...
And she is as big a disaster area as you could ever wish to hope for in a Shadow minister.0 -
Quite.MaxPB said:
I think the best argument for leaving is that there is no "status quo" any more. If we win then it will be by convincing people that voting to stay in will mean we stay on the path to a superstate with President Merkel or something like that. Unless Dave can convince them to give us the "associate" membership that some have talked about then there is a good chance a leave vote can be achieved. I've heard that the EU has no appetite for formalising "associate" membership though as they feel the Scandinavian countries would follow us into that group, but probably wouldn't follow us out of the EU if we left.
To win, 'Leave' must use uncertainty/fear about the future. It's just as potent weapon in their hands as it is in the 'Remain' camps hands. Far more so in fact, as at least out of the EU the country can make its own decisions.
We can't afford it any more.
It's too risky.
It's falling apart.
This is the last bus stop on the highway to Lord knows where.
If not 'No', when? (Though I have to revise that slogan in light of the name change)
These are the arguments. Allied to which, Leave must cultivate mistrust in the business and authority figures who recommend 'Remain'. I would suggest the simplest notion is one of pecuniary advantage - cushy Brussels jobs. There is a strong element of European patronage, though of course the whole picture is far more complex, which is why explaining it shouldn't be attempted. Simple, graspable concepts that chime with existing belief are the way to go.
Being asked for a detailed roadmap of the future outside the EU is simply a debating ploy by the Remain side. Leave should provide as detailed a roadmap as Remain are prepared to provide of a future within the EU. Which according to those I've challenged on this is nonexistent.0 -
The problem was that the original social housing was built on the never never sustained by debt and with rents low enough to barely cover the maintenance costs so using any capital paid to repay some of that debt was logical.malcolmg said:
Biggest mistake ever was selling social housing , at worst they should at least have ploughed the proceeds into building new smaller social houses. They have to start building sensible social housing instead of just wasting ever growing amounts on private rental.DavidL said:
These figures in fact substantially understate the extent of our problems. By 2010 public spending was not only increasing at a completely unsustainable rate, it had several drivers built into it which meant that it was likely to increase into the future whether the tax revenue was there or not.flightpath01 said:DavidL said:Alanbrooke said:david_herdson said:
.Alanbrooke said:
So we had major problems in funding public sector pensions which were prohibitively generous with the result that even those in the public sector who contributed were in fact paying less and less of the costs.
We had huge "off balance" sheet liabilities for PFI that had major negative implications for future spending in both health and education.
We had allowed Housing Benefit to run completely out of control, not just in London but elsewhere. As generation rent increased so did the drain on the public purse.
We had eliminated all of the benefits that the public purse would normally get from increased employment. In fact increased employment increased benefit spending as the next 5 years showed all too clearly.
But yes, we clearly need a lot more better quality social housing. The government announcement about that today was a welcome, if somewhat belated start on that.
I may say that during the referendum campaign I saw a lot of public sector housing that I normally wouldn't. The state of repair, cleanliness and facilities was deeply depressing.0 -
The average housing benefit bill for private rental is little over a tenner a week more than social housing.malcolmg said:
Biggest mistake ever was selling social housing , at worst they should at least have ploughed the proceeds into building new smaller social houses. They have to start building sensible social housing instead of just wasting ever growing amounts on private rental.DavidL said:
These figures in fact substantially understate the extent of our problems. By 2010 public spending was not only increasing at a completely unsustainable rate, it had several drivers built into it which meant that it was likely to increase into the future whether the tax revenue was there or not.flightpath01 said:
'fixed' is one way to put it, but I for one am grateful for you pointing out a few facts.DavidL said:Alanbrooke said:david_herdson said:
.Alanbrooke said:
From what I read net borrowing reached a peak in 2009/10 wth £167.4bn. It would be interesting to see how critics would sustain the economy and cut that deficit at the same time.
In fact the govt made a good job of for instance making welfare cuts in its first 5 years.
If people want to look at the real cause of all our problems then at 20011/12 prices total managed govt expenditure was 439bn in 94/95, 444bn in 2000/01, but 707bn in 2009/10.
Just work out what an increase of 268 is on top of 439 !!
A massive increase and pulling the rug from under that is not easy. Just take a look at what happens when welfare cuts are threatened.
So we had major problems in funding public sector pensions which were prohibitively generous with the result that even those in the public sector who contributed were in fact paying less and less of the costs.
We had huge "off balance" sheet liabilities for PFI that had major negative implications for future spending in both health and education.
We had allowed Housing Benefit to run completely out of control, not just in London but elsewhere. As generation rent increased so did the drain on the public purse.
We had eliminated all of the benefits that the public purse would normally get from increased employment. In fact increased employment increased benefit spending as the next 5 years showed all too clearly.
The private landlord's income is subject to tax and they pick up the admin and maintenance tab.0 -
Not many of us are that blessed.ReggieCide said:
Never had a foot thing myselfPatrick said:
Maybe something sexual is afoot?Plato_Says said:Moody Slayer
Diane Abbott and Jess Phillips have arrived in Corbyn's office. #LabourReshuffle https://t.co/h6dN2UlCvJ
Other than Ken Dodd of course:
"I praise the Lord
That I'm possessed
Of more than my share of
A penis...."
Wot? Isn't that he sings?0 -
Exactly Partrick, he needs to purge Labour of the Tory infiltrators, champagne swilling faux socialistsPatrick said:
Quite right. What is the point of everyone in the party electing a Marxist antiwar tramp with terrorist chums to lead and then letting some Johnny-come-lately fake Tory be shadow Foreign Secretary. I hope he delivers for the members. Let's pray it is Ken Livingstone or Diane Abbott.malcolmg said:
Benn oot is what is afoot.Patrick said:
Maybe something sexual is afoot?Plato_Says said:Moody Slayer
Diane Abbott and Jess Phillips have arrived in Corbyn's office. #LabourReshuffle https://t.co/h6dN2UlCvJ0 -
There's a statue of Ken Dodd in Liverpool Lime Street station!MarqueeMark said:
Not many of us are that blessed.ReggieCide said:
Never had a foot thing myselfPatrick said:
Maybe something sexual is afoot?Plato_Says said:Moody Slayer
Diane Abbott and Jess Phillips have arrived in Corbyn's office. #LabourReshuffle https://t.co/h6dN2UlCvJ
Other than Ken Dodd of course:
"I praise the Lord
That I'm possessed
Of more than my share of
A penis...."
Wot? Isn't that he sings?0 -
Seriously, can anyone imagine what it would be like if this man had to decide anything important?0
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JICIPM!Scott_P said:@britainelects: Best party to handle the economy:
CON: 41%
LAB: 18%
UKIP: 5%
LDEM: 4%
(via YouGov)0 -
Broken, sleazy Tories and Labour on the slide!Scott_P said:@NCPoliticsUK: YouGov:
CON 39 (-2)
LAB 29 (-1)
LIB 6 (=)
UKIP 17 (+1)
GRN 3 (=)
Fieldwork 17th-18th December0 -
Hard to believe it is only a tenner , but even so it is a lot of tenners every week.chestnut said:
The average housing benefit bill for private rental is little over a tenner a week more than social housing.malcolmg said:
Biggest mistake ever was selling social housing , at worst they should at least have ploughed the proceeds into building new smaller social houses. They have to start building sensible social housing instead of just wasting ever growing amounts on private rental.DavidL said:
These figures in fact substantially understate the extent of our problems. By 2010 public spending was not only increasing at a completely unsustainable rate, it had several drivers built into it which meant that it was likely to increase into the future whether the tax revenue was there or not.flightpath01 said:
'fixed' is one way to put it, but I for one am grateful for you pointing out a few facts.DavidL said:Alanbrooke said:david_herdson said:
.Alanbrooke said:
From what I read net borrowing reached a peak in 2009/10 wth £167.4bn. It would be interesting to see how critics would sustain the economy and cut that deficit at the same time.
In fact the govt made a good job of for instance making welfare cuts in its first 5 years.
If people want to look at the real cause of all our problems then at 20011/12 prices total managed govt expenditure was 439bn in 94/95, 444bn in 2000/01, but 707bn in 2009/10.
Just work out what an increase of 268 is on top of 439 !!
A massive increase and pulling the rug from under that is not easy. Just take a look at what happens when welfare cuts are threatened.
So we had major problems in funding public sector pensions which were prohibitively generous with the result that even those in the public sector who contributed were in fact paying less and less of the costs.
We had huge "off balance" sheet liabilities for PFI that had major negative implications for future spending in both health and education.
We had allowed Housing Benefit to run completely out of control, not just in London but elsewhere. As generation rent increased so did the drain on the public purse.
We had eliminated all of the benefits that the public purse would normally get from increased employment. In fact increased employment increased benefit spending as the next 5 years showed all too clearly.
The private landlord's income is subject to tax and they pick up the admin and maintenance tab.0 -
Portugal is probably the most troubled of the PIIS (the PIIGS minus Greece...):DavidL said:
I do think it better than odds on that there is going to be another wave of panic/sovereign debt crisis by the summer. I used to think Italy was the obvious target given its fairly horrendous performance but it may be that we will get a re-run of Greece or a copy cat crisis in Portugal where a new government is going to be unstable and reluctant to follow the script.Pauly said:
Also most importantly, Greece is not fixed.MaxPB said:I think another large factor will be the timing of the referendum, if it is going to be in September then it will come after a summer of a refugee crisis in Europe that we will be asked to chip into.
http://www.bloomberg.com/news/articles/2016-01-01/greek-savers-still-wary-of-tsipras-after-2015-financial-tumult
I am less convinced this will have any material affect on our referendum.
The Irish economy is growing at c. 7% per year right now, and debt to GDP has gone from 115% to 100% in 18 months. As NAMA is unwound, and the banks are privatised, this will probably drop to 80% or so in fairly short order.
Spain will have GDP growth of north of 3% last year, and its debt-to-GDP probably peaked in the second quarter of last year. Political instability is the issue there, with the possible secession of Catalonia, and/or a government containing Podemos.
Italy seems to have picked itself up off the floor. GDP growth - which had been utterly moribund - has been improving, and unemployment is coming down, albeit very slowly. The country now runs a fairly sizeable primary budget surplus, and government debt-to-GDP (while still horrendously high) is probably going to start coming down. (If only because the Italian government can now borrow at 1.7% or so, and is essentially swapping higher coupon debt for lower coupon.)
Portugal is the biggest issue, because it has an unpleasant troika of issues: high government debt to GDP, low potential GDP growth, and high private sector debt. The election of a fractious coalition of left wing parties is also a major issue. If there is to be a Eurozone sovereign debt crisis in 2016, it would probably be here.0 -
Self aware as ever
@LucyMPowell: “@britainelects: Best party to handle education:
CON: 28%
LAB: 27%
LDEM: 8%
UKIP: 5%
(via YouGov)” - I will do my best to lift our ratings
But this is sublime
@GOsborneGenius: @LucyMPowell @britainelects You are irrelevant while the party is lead by cultists.
NewsSense™0 -
How much longer do we have to wait before the news of the promotion of Richard Burgon? Does Jeremy Corbyn not recognise outstanding talent when he sees it?0
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As expedient as it was for EU banks, I'm still not sure that this was the best thing for Greece.rcs1000 said:
While that's probably true, one thing the Eurozone has done quite well is to insulate itself from Grexit. The debts have been taken off the balance sheets of Europe's banks, and put in to a series of long-term funded supra-national entities. Should Greece go *pop*, then the actual near-term financial impact will be pretty small.Pauly said:
Also most importantly, Greece is not fixed.MaxPB said:I think another large factor will be the timing of the referendum, if it is going to be in September then it will come after a summer of a refugee crisis in Europe that we will be asked to chip into.
http://www.bloomberg.com/news/articles/2016-01-01/greek-savers-still-wary-of-tsipras-after-2015-financial-tumult
Surely pulling out of the Euro, refusing to pay back debt and re-denominating would have been the simplest route.
They'd likely be back in the capital markets by now, no?0 -
Have to say they should be much tougher on inspections and tenants looking after the houses. It is typical of giving people something for nothing , many just abuse it rather than showing respect and appreciating their good fortune. I would be a lot tougher on the miscreants , even to putting them in tents if they cannot look after the properties properly and respectfully.DavidL said:
The problem was that the original social housing was built on the never never sustained by debt and with rents low enough to barely cover the maintenance costs so using any capital paid to repay some of that debt was logical.malcolmg said:
Biggest mistake ever was selling social housing , at worst they should at least have ploughed the proceeds into building new smaller social houses. They have to start building sensible social housing instead of just wasting ever growing amounts on private rental.DavidL said:
These figures in fact substantially understate the extent of our problems. By 2010 public spending was not only increasing at a completely unsustainable rate, it had several drivers built into it which meant that it was likely to increase into the future whether the tax revenue was there or not.flightpath01 said:DavidL said:Alanbrooke said:david_herdson said:
.Alanbrooke said:
So we had major problems in funding public sector pensions which were prohibitively generous with the result that even those in the public sector who contributed were in fact paying less and less of the costs.
We had huge "off balance" sheet liabilities for PFI that had major negative implications for future spending in both health and education.
We had allowed Housing Benefit to run completely out of control, not just in London but elsewhere. As generation rent increased so did the drain on the public purse.
We had eliminated all of the benefits that the public purse would normally get from increased employment. In fact increased employment increased benefit spending as the next 5 years showed all too clearly.
But yes, we clearly need a lot more better quality social housing. The government announcement about that today was a welcome, if somewhat belated start on that.
I may say that during the referendum campaign I saw a lot of public sector housing that I normally wouldn't. The state of repair, cleanliness and facilities was deeply depressing.
PS: A bit of horse whipping or public stocks would also help.0 -
On first glance I only saw the figures and thought it was a voting intention question!Scott_P said:@britainelects: Best party to handle the economy:
CON: 41%
LAB: 18%
UKIP: 5%
LDEM: 4%
(via YouGov)0 -
Hi Tim.....waves at man who looks like he has swallowed a wasp...Scott_P said:Self aware as ever
@LucyMPowell: “@britainelects: Best party to handle education:
CON: 28%
LAB: 27%
LDEM: 8%
UKIP: 5%
(via YouGov)” - I will do my best to lift our ratings
But this is sublime
@GOsborneGenius: @LucyMPowell @britainelects You are irrelevant while the party is lead by cultists.
NewsSense™0 -
Give it a year or two...Gravitation said:
On first glance I only saw the figures and thought it was a voting intention question!Scott_P said:@britainelects: Best party to handle the economy:
CON: 41%
LAB: 18%
UKIP: 5%
LDEM: 4%
(via YouGov)0 -
My normal ticket to and from Coventry (open off-peak return) rose by a truly MASSIVE 40p to £48.40.flightpath01 said:
Huh? 1% increase in rail fares? Thats a story?Scott_P said:@theobertram: Party staff right now: "YOU SAID TODAY IS TRAINS! Leader photocall 7am. Everyone does trains. I got up at 5am."
https://t.co/ajFJmGPWAb
@theobertram: We had a grid in my day. Simple idea: coordinate one big story a day. Today is trains. It's trains. TRAINS. GODDAM YOU ALL I WAS UP AT 5!
Think it's 0.83%0 -
Growth in Italy is still very low : http://countryeconomy.com/gdp/italy and it has been almost non existent for a decade.rcs1000 said:
Portugal is probably the most troubled of the PIIS (the PIIGS minus Greece...):DavidL said:
I do think it better than odds on that there is going to be another wave of panic/sovereign debt crisis by the summer. I used to think Italy was the obvious target given its fairly horrendous performance but it may be that we will get a re-run of Greece or a copy cat crisis in Portugal where a new government is going to be unstable and reluctant to follow the script.Pauly said:
Also most importantly, Greece is not fixed.MaxPB said:I think another large factor will be the timing of the referendum, if it is going to be in September then it will come after a summer of a refugee crisis in Europe that we will be asked to chip into.
http://www.bloomberg.com/news/articles/2016-01-01/greek-savers-still-wary-of-tsipras-after-2015-financial-tumult
I am less convinced this will have any material affect on our referendum.
The Irish economy is growing at c. 7% per year right now, and debt to GDP has gone from 115% to 100% in 18 months. As NAMA is unwound, and the banks are privatised, this will probably drop to 80% or so in fairly short order.
Spain will have GDP growth of north of 3% last year, and its debt-to-GDP probably peaked in the second quarter of last year. Political instability is the issue there, with the possible secession of Catalonia, and/or a government containing Podemos.
Italy seems to have picked itself up off the floor. GDP growth - which had been utterly moribund - has been improving, and unemployment is coming down, albeit very slowly. The country now runs a fairly sizeable primary budget surplus, and government debt-to-GDP (while still horrendously high) is probably going to start coming down. (If only because the Italian government can now borrow at 1.7% or so, and is essentially swapping higher coupon debt for lower coupon.)
Portugal is the biggest issue, because it has an unpleasant troika of issues: high government debt to GDP, low potential GDP growth, and high private sector debt. The election of a fractious coalition of left wing parties is also a major issue. If there is to be a Eurozone sovereign debt crisis in 2016, it would probably be here.
But yes, Portugal has dropped to the back of the pack and is in danger of dropping off altogether.0 -
Infiltrators who have been in the party for decades? That's practically soviet levels of dedicated infiltration.malcolmg said:
Exactly Partrick, he needs to purge Labour of the Tory infiltrators, champagne swilling faux socialistsPatrick said:
Quite right. What is the point of everyone in the party electing a Marxist antiwar tramp with terrorist chums to lead and then letting some Johnny-come-lately fake Tory be shadow Foreign Secretary. I hope he delivers for the members. Let's pray it is Ken Livingstone or Diane Abbott.malcolmg said:
Benn oot is what is afoot.Patrick said:
Maybe something sexual is afoot?Plato_Says said:Moody Slayer
Diane Abbott and Jess Phillips have arrived in Corbyn's office. #LabourReshuffle https://t.co/h6dN2UlCvJ0 -
This is a bit more obscure unless you like Eddie CochranMarqueeMark said:
Not many of us are that blessed.ReggieCide said:
Never had a foot thing myselfPatrick said:
Maybe something sexual is afoot?Plato_Says said:Moody Slayer
Diane Abbott and Jess Phillips have arrived in Corbyn's office. #LabourReshuffle https://t.co/h6dN2UlCvJ
Other than Ken Dodd of course:
"I praise the Lord
That I'm possessed
Of more than my share of
A penis...."
Wot? Isn't that he sings?
https://www.youtube.com/watch?v=xGBloowv3f8
0 -
And given most of the media is London based, that is what they see and report on i.e. these stories of just eye watering housing benefit payments made for renting a 3 bed house in parts of London.chestnut said:
The real problem isn't private v social, it's London v The Rest of the UK.malcolmg said:Hard to believe it is only a tenner , but even so it is a lot of tenners every week.
About £1 in every £4 in housing benefit is spent on London, I believe.0 -
KLE, they are very determinedkle4 said:
Infiltrators who have been in the party for decades? That's practically soviet levels of dedicated infiltration.malcolmg said:
Exactly Partrick, he needs to purge Labour of the Tory infiltrators, champagne swilling faux socialistsPatrick said:
Quite right. What is the point of everyone in the party electing a Marxist antiwar tramp with terrorist chums to lead and then letting some Johnny-come-lately fake Tory be shadow Foreign Secretary. I hope he delivers for the members. Let's pray it is Ken Livingstone or Diane Abbott.malcolmg said:
Benn oot is what is afoot.Patrick said:
Maybe something sexual is afoot?Plato_Says said:Moody Slayer
Diane Abbott and Jess Phillips have arrived in Corbyn's office. #LabourReshuffle https://t.co/h6dN2UlCvJ0 -
Depending on how you define London that is less out of step with their share of the population than I would have expected.chestnut said:
The real problem isn't private v social, it's London v The Rest of the UK.malcolmg said:Hard to believe it is only a tenner , but even so it is a lot of tenners every week.
About £1 in every £4 in housing benefit is spent on London, I believe.0 -
Jesus wept. Just seen the entrails of that YouGov poll
The latest @YouGov poll is to picture The Hindenberg meets Chernobyl meets Hiroshima meets The Battle of Zama meets Tron 2. Awful for Labour0 -
And Labour's leadership is from Hackney, Islington, Brent. Edmonton etc.FrancisUrquhart said:
And given most of the media is London based, that is what they see and report on i.e. these stories of just eye watering housing benefit payments made for renting a 3 bed house in parts of London.chestnut said:
The real problem isn't private v social, it's London v The Rest of the UK.malcolmg said:Hard to believe it is only a tenner , but even so it is a lot of tenners every week.
About £1 in every £4 in housing benefit is spent on London, I believe.
They will never tackle it because it's their vote.
Social housing HB subsidies are touching £200 a week for some properties in parts of London plus management and maintenance costs.0 -
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Going smoothly then...I presume some people have said no and messed everything up.JBriskin said:0 -
Mr. Eagles, you think Zama had a worse death toll for the losers than Cannae?0
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Yes, but Italy is picking up. The PMIs are up at 54 or so, which is probably a five year high.DavidL said:
Growth in Italy is still very low : http://countryeconomy.com/gdp/italy and it has been almost non existent for a decade.rcs1000 said:
Portugal is probably the most troubled of the PIIS (the PIIGS minus Greece...):DavidL said:
I do think it better than odds on that there is going to be another wave of panic/sovereign debt crisis by the summer. I used to think Italy was the obvious target given its fairly horrendous performance but it may be that we will get a re-run of Greece or a copy cat crisis in Portugal where a new government is going to be unstable and reluctant to follow the script.Pauly said:
Also most importantly, Greece is not fixed.MaxPB said:I think another large factor will be the timing of the referendum, if it is going to be in September then it will come after a summer of a refugee crisis in Europe that we will be asked to chip into.
http://www.bloomberg.com/news/articles/2016-01-01/greek-savers-still-wary-of-tsipras-after-2015-financial-tumult
I am less convinced this will have any material affect on our referendum.
The Irish economy is growing at c. 7% per year right now, and debt to GDP has gone from 115% to 100% in 18 months. As NAMA is unwound, and the banks are privatised, this will probably drop to 80% or so in fairly short order.
Spain will have GDP growth of north of 3% last year, and its debt-to-GDP probably peaked in the second quarter of last year. Political instability is the issue there, with the possible secession of Catalonia, and/or a government containing Podemos.
Italy seems to have picked itself up off the floor. GDP growth - which had been utterly moribund - has been improving, and unemployment is coming down, albeit very slowly. The country now runs a fairly sizeable primary budget surplus, and government debt-to-GDP (while still horrendously high) is probably going to start coming down. (If only because the Italian government can now borrow at 1.7% or so, and is essentially swapping higher coupon debt for lower coupon.)
Portugal is the biggest issue, because it has an unpleasant troika of issues: high government debt to GDP, low potential GDP growth, and high private sector debt. The election of a fractious coalition of left wing parties is also a major issue. If there is to be a Eurozone sovereign debt crisis in 2016, it would probably be here.
But yes, Portugal has dropped to the back of the pack and is in danger of dropping off altogether.0 -
Defeat at Cannae didn't ultimately see Rome wiped out like Zama did for Carthage.Morris_Dancer said:Mr. Eagles, you think Zama had a worse death toll for the losers than Cannae?
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Not sure that is quite Nicola's style!malcolmg said:
Have to say they should be much tougher on inspections and tenants looking after the houses. It is typical of giving people something for nothing , many just abuse it rather than showing respect and appreciating their good fortune. I would be a lot tougher on the miscreants , even to putting them in tents if they cannot look after the properties properly and respectfully.DavidL said:
The problem was that the original social housing was built on the never never sustained by debt and with rents low enough to barely cover the maintenance costs so using any capital paid to repay some of that debt was logical.malcolmg said:
Biggest mistake ever was selling social housing , at worst they should at least have ploughed the proceeds into building new smaller social houses. They have to start building sensible social housing instead of just wasting ever growing amounts on private rental.DavidL said:flightpath01 said:DavidL said:Alanbrooke said:david_herdson said:
.Alanbrooke said:
But yes, we clearly need a lot more better quality social housing. The government announcement about that today was a welcome, if somewhat belated start on that.
I may say that during the referendum campaign I saw a lot of public sector housing that I normally wouldn't. The state of repair, cleanliness and facilities was deeply depressing.
PS: A bit of horse whipping or public stocks would also help.
But having neighbours who just leave junk everywhere, don't look after their garden and refuse to do their share of cleaning of the common parts must be deeply frustrating. There is a direct application of the broken window theory too. Once one starts standards can fall sharply.
The differences between the blocks in Menzieshill in Dundee which were outwardly identical had to be seen to be believed. Some had flowers, mats and were spotless. Some were getting close to dangerous, especially for younger children.0 -
He just isn't sure which city... probably Caracas...FrancisUrquhart said:0 -
Very good. No way he sings "peanuts"...ReggieCide said:
This is a bit more obscure unless you like Eddie CochranMarqueeMark said:
Not many of us are that blessed.ReggieCide said:
Never had a foot thing myselfPatrick said:
Maybe something sexual is afoot?Plato_Says said:Moody Slayer
Diane Abbott and Jess Phillips have arrived in Corbyn's office. #LabourReshuffle https://t.co/h6dN2UlCvJ
Other than Ken Dodd of course:
"I praise the Lord
That I'm possessed
Of more than my share of
A penis...."
Wot? Isn't that he sings?
https://www.youtube.com/watch?v=xGBloowv3f80 -
For any Tory election strategists reading, some post-2016 election posters for the provincial towns and cities might want to feature the fact that Corbyn is a Londoner through and through, and his top team might very well be entirely London based. And that his concerns are generally London-centric, too.chestnut said:
And Labour's leadership is from Hackney, Islington, Brent. Edmonton etc.FrancisUrquhart said:
And given most of the media is London based, that is what they see and report on i.e. these stories of just eye watering housing benefit payments made for renting a 3 bed house in parts of London.chestnut said:
The real problem isn't private v social, it's London v The Rest of the UK.malcolmg said:Hard to believe it is only a tenner , but even so it is a lot of tenners every week.
About £1 in every £4 in housing benefit is spent on London, I believe.
They will never tackle it because it's their vote.
Social housing HB subsidies are touching £200 a week for some properties in parts of London plus management and maintenance costs.
Would work a treat in the Midlands and Welsh marginals.0 -
Mr. Eagles, ultimately? You mean half a century later in a different war?
I agree the strategic impact of the two varies significantly, but in terms of crushing woe, Cannae was the worse battlefield defeat. By a mile.
Buggering up a reshuffle won't be the end of Corbyn [although he does seem to be giving it a crack].0 -
Missing the point:
@MrHarryCole · 7m7 minutes ago
Simon Danczuk does not rule out running against the Labour Party in 2020 in Rochdale if they boot him out of the party.
More relevantly, he obviously isn't thinking of provoking a by-election if he's thinking about 2020.
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Corrected it for you, sir!TheScreamingEagles said:Jesus wept. Just seen the entrails of that YouGov poll
The latest @YouGov poll is to picture The Hindenberg meets Chernobyl meets Hiroshima meets The Battle of Zama meets Attack of the Clones. Awful for Labour
0 -
Post of the day.oxfordsimon said:
He just isn't sure which city... probably Caracas...FrancisUrquhart said:0 -
Mr. Mortimer, would also put off a lot in northern parts (in some areas, like West Yorkshire, they could go straight blue, but elsewhere they might go purple or just not bother turning out).
Edited extra bit: Dr. Prasannan, not sure this is as bad as Attack of the Clones.0 -
A lot of people are making the mistake of thinking that Corbynistas give a flying f*** about how the great leaders' reshuffle will be perceived by the PLP, the media or the voting public. They have no interest in winning elections, they want to control the Labour party. If the reshuffle advances that, it will be deemed a success.0
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A good point - would help the Blues by finally turning UKIP into the Northern WC party it really ought to be. This Southern strategy they have isn't working for them.Morris_Dancer said:Mr. Mortimer, would also put off a lot in northern parts (in some areas, like West Yorkshire, they could go straight blue, but elsewhere they might go purple or just not bother turning out).
;-)0 -
*blush* thanks!Mortimer said:
Post of the day.oxfordsimon said:
He just isn't sure which city... probably Caracas...FrancisUrquhart said:0 -
Victory at Cannae won a battle, Zama won a war. Nuff said.Morris_Dancer said:Mr. Eagles, ultimately? You mean half a century later in a different war?
I agree the strategic impact of the two varies significantly, but in terms of crushing woe, Cannae was the worse battlefield defeat. By a mile.
Buggering up a reshuffle won't be the end of Corbyn [although he does seem to be giving it a crack].0 -
Mr. Mortimer, I was surprised how many second places the purples got in the north. The election strategy remains bloody hopeless, though.0
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Have you seen the latest from Catalonia? The CUP is refusing to back Artur Mas for regional president. This makes new elections in the province look a near certainty.SouthamObserver said:A lot of people are making the mistake of thinking that Corbynistas give a flying f*** about how the great leaders' reshuffle will be perceived by the PLP, the media or the voting public. They have no interest in winning elections, they want to control the Labour party. If the reshuffle advances that, it will be deemed a success.
0 -
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Most labour reshuffles seem to be shambolic. Whats going wrong with this one?Morris_Dancer said:Mr. Eagles, ultimately? You mean half a century later in a different war?
I agree the strategic impact of the two varies significantly, but in terms of crushing woe, Cannae was the worse battlefield defeat. By a mile.
Buggering up a reshuffle won't be the end of Corbyn [although he does seem to be giving it a crack].0 -
This article should scare the Labour party half to death:Morris_Dancer said:Mr. Mortimer, I was surprised how many second places the purples got in the north. The election strategy remains bloody hopeless, though.
http://www.fabians.org.uk/the-ukip-tipping-point/
If they weren't all too busy fighting each other. Pass the popcorn.0 -
I'd not noticed the political force that is Richard Burgon before. I imagine Corbyn thinks very highly of him.
Mind you Corbyn's continued cold-shouldering of the equally awesome David Lammy suggests that he may want to keep possible challengers out of the running. Perhaps there's only room for one complete fool at the top of the Labour party.0 -
@SunPolitics: Carswell forced to deny he plotted to kill Nigel Farage https://t.co/2MXKbQNHpw https://t.co/6757QsOVaO0
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Unfortunately for the Labour Party you're right.SouthamObserver said:A lot of people are making the mistake of thinking that Corbynistas give a flying f*** about how the great leaders' reshuffle will be perceived by the PLP, the media or the voting public. They have no interest in winning elections, they want to control the Labour party. If the reshuffle advances that, it will be deemed a success.
From the other side of the fence it's hilarious on one hand to watch opposition tear themselves apart, yet on the other hand sad to watch what the party of Kinnock and Blair, and of government only six years ago, has now become.
On balance, more popcorn please!0 -
Matt Singh
Before someone tweets the Scots crosstab showing CON ahead of LAB, remember tiny sample size and weighting issues d25d2506sfb94s.cloudfront.net/cumulus_upload…0 -
Mr. Borough, before Corbyn, I would've been confident the purple tide would recede (not least because of Farage's comedy hokey-cokey).
But with Corbyn... even with Farage, UKIP has an opportunity to make gains. If they don't bugger it up. Yet again.
Hard to imagine Labour having a worse leader than Corbyn. Mind you, people probably said that about Ed Miliband.0 -
Absolutely spot on. But they want control of the Labour party because they really believe that the voters will flock to Labour once a full-on hard left agenda is presented to them.SouthamObserver said:A lot of people are making the mistake of thinking that Corbynistas give a flying f*** about how the great leaders' reshuffle will be perceived by the PLP, the media or the voting public. They have no interest in winning elections, they want to control the Labour party. If the reshuffle advances that, it will be deemed a success.
0 -
Probably work a treat anywhere outside the M25. As an example, Labour aren't winning back Plymouth seats on that strategy.Mortimer said:
For any Tory election strategists reading, some post-2016 election posters for the provincial towns and cities might want to feature the fact that Corbyn is a Londoner through and through, and his top team might very well be entirely London based. And that his concerns are generally London-centric, too.chestnut said:
And Labour's leadership is from Hackney, Islington, Brent. Edmonton etc.FrancisUrquhart said:
And given most of the media is London based, that is what they see and report on i.e. these stories of just eye watering housing benefit payments made for renting a 3 bed house in parts of London.chestnut said:
The real problem isn't private v social, it's London v The Rest of the UK.malcolmg said:Hard to believe it is only a tenner , but even so it is a lot of tenners every week.
About £1 in every £4 in housing benefit is spent on London, I believe.
They will never tackle it because it's their vote.
Social housing HB subsidies are touching £200 a week for some properties in parts of London plus management and maintenance costs.
Would work a treat in the Midlands and Welsh marginals.0 -
Mr. Sandpit, the Conservative view now is like that of the barbarians at the height of the Crisis of the Third Century. It didn't last forever.
But in the fifth the Empire was riddled with division and weak emperors, and finally fell.
FPTP protects Labour to a strong degree, but it's not an insurmountable barrier.0 -
This reshuffle seems to be taking forever. Corbyn can't make a decision for his life. I'm guessing Benn has said "No".
Did Corbyn have a plan for the reshuffle or is he just making it up as he goes along ?0 -
Isn't it about 70 or 80? It is huge.Morris_Dancer said:Mr. Mortimer, I was surprised how many second places the purples got in the north. The election strategy remains bloody hopeless, though.
You're bang on about UKIP election strategy. If 2015 strategy was Fortress England and a plague on all LD marginals, 2020/5 strategy ought to be using a line that shows how hopelessly OOT/pro-hand wringing/pro-nanny state/upper middle class guardianista Labour
have become.
It would probably guarantee Tory govt until 2030.
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0
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Well if his first set of appointments is anything to go by the later.Pulpstar said:This reshuffle seems to be taking forever. Corbyn can't make a decision for his life. I'm guessing Benn has said "No".
Did Corbyn have a plan for the reshuffle or is he just making it up as he goes along ?0 -
It's difficult to imagine a worse leader because he combines, in exquisite detail, full-on incompetence with 1970s hard left policy thinking in one package.Morris_Dancer said:Mr. Borough, before Corbyn, I would've been confident the purple tide would recede (not least because of Farage's comedy hokey-cokey).
But with Corbyn... even with Farage, UKIP has an opportunity to make gains. If they don't bugger it up. Yet again.
Hard to imagine Labour having a worse leader than Corbyn. Mind you, people probably said that about Ed Miliband.
He's saving grace seems to be that everyone agrees he is a polite and pleasant chap. So maybe a worse leader would be a right bast**d who is also incompetent and stalinist.
I don't know the 2015 intake, but maybe there is one?0 -
Diane James as UKIP leader would make 5-10 seats in 2020 much more likely than with NF.Morris_Dancer said:Mr. Borough, before Corbyn, I would've been confident the purple tide would recede (not least because of Farage's comedy hokey-cokey).
But with Corbyn... even with Farage, UKIP has an opportunity to make gains. If they don't bugger it up. Yet again.
Hard to imagine Labour having a worse leader than Corbyn. Mind you, people probably said that about Ed Miliband.0 -
Mr. Mortimer, a problem is that Farage seems quite anti-Cameron. When Cameron goes, it'll be interesting to see if the anti-blue theme continues.
UKIP could take the first step to supplanting Labour in 2020, if it focuses on hitting the reds.
As an aside, it's only 9 years since the 2007 Conservative conference. Before that, it seemed the blues might disappear forever.0 -
That sort of delusion probably requires the assistance of mental health professional... but I doubt any of them will seek it without an intervention being staged.rottenborough said:
Absolutely spot on. But they want control of the Labour party because they really believe that the voters will flock to Labour once a full-on hard left agenda is presented to them.SouthamObserver said:A lot of people are making the mistake of thinking that Corbynistas give a flying f*** about how the great leaders' reshuffle will be perceived by the PLP, the media or the voting public. They have no interest in winning elections, they want to control the Labour party. If the reshuffle advances that, it will be deemed a success.
0 -
The only downside of Mr Burgon is that Blinky from The Thick of it just doesn't seem as funny anymore. https://www.youtube.com/watch?v=ALNjevGdB5gOmnium said:I'd not noticed the political force that is Richard Burgon before. I imagine Corbyn thinks very highly of him.
Mind you Corbyn's continued cold-shouldering of the equally awesome David Lammy suggests that he may want to keep possible challengers out of the running. Perhaps there's only room for one complete fool at the top of the Labour party.
Ok its still quite funny.0 -
I know. But even Ozzy leads Jez comfortably on this metricTOPPING said:0 -
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Quite possible he didn't know there was going to be a reshuffle until he got back off his xmas holiday and was told one was taking place by Milne.FrancisUrquhart said:
Well if his first set of appointments is anything to go by the later.Pulpstar said:This reshuffle seems to be taking forever. Corbyn can't make a decision for his life. I'm guessing Benn has said "No".
Did Corbyn have a plan for the reshuffle or is he just making it up as he goes along ?0 -
I think that could be effective for the Tories. Needs not to be overplayed though. Or, rather, make sure you don't end up suggesting people outside London are yokels.Mortimer said:
For any Tory election strategists reading, some post-2016 election posters for the provincial towns and cities might want to feature the fact that Corbyn is a Londoner through and through, and his top team might very well be entirely London based. And that his concerns are generally London-centric, too.chestnut said:
And Labour's leadership is from Hackney, Islington, Brent. Edmonton etc.FrancisUrquhart said:
And given most of the media is London based, that is what they see and report on i.e. these stories of just eye watering housing benefit payments made for renting a 3 bed house in parts of London.chestnut said:
The real problem isn't private v social, it's London v The Rest of the UK.malcolmg said:Hard to believe it is only a tenner , but even so it is a lot of tenners every week.
About £1 in every £4 in housing benefit is spent on London, I believe.
They will never tackle it because it's their vote.
Social housing HB subsidies are touching £200 a week for some properties in parts of London plus management and maintenance costs.
Would work a treat in the Midlands and Welsh marginals.0