That clip of George Osborne saying the same thing three times in a row on HIGNFY just now /dead
It's just a bad argument, perhaps best exemplified by this line from para 3 in the report:
That's just false, because it (perhaps deliberately) conflates net private sector debt - which is what shows in the graphs - with aggregate private sector debt.
If I borrow money from my bank, then I'm in debt. But the net effect on private sector debt vis-a-vis the government is precisely zero because my debt to the bank is offset by the bank's lending to me, both of which are wholly in the private sector. This has nothing whatever to do with whether the government is running a deficit or a surplus.
Of course, it is arguable that if the government reduces its debt then the people who were lending to the government might instead lend their money elsewhere, but that is scarcely forcing people to borrow from them - and it might well be a a benefit to society in freeing up funds for investment in the private sector.
Watching Sky News regarding the draft Communications Data bill being drafted in Parliament on Wednesday. Some notes:
- "banning instant messenger services that do not allow unencrypted data intercept has apparently been shelved"
- "Government will no longer demand access to citizens full browsing history"
- "Any analysis of intercepted data will remain with full judicial procedure + oversight (requiring warrants etc)"
interesting stuff.
edit: http://www.bbc.co.uk/news/uk-34691956
Watching Sky News regarding the draft Communications Data bill being drafted in Parliament on Wednesday. Some notes:
- "banning instant messenger services that do not allow unencrypted data intercept has apparently been shelved"
- "Government will no longer demand access to citizens full browsing history"
- "Any analysis of intercepted data will remain with full judicial procedure + oversight (requiring warrants etc)"
interesting stuff.
edit: http://www.bbc.co.uk/news/uk-34691956
Few House of Lords members say they will still look to oppose this.
So, what is the Labour party's position on Trident? The Scottish party seems opposed, but the UK party who would actually make the decision in the unlikely even of being in power in the near future is officially in favour, for now? I think?
So, what is the Labour party's position on Trident? The Scottish party seems opposed, but the UK party who would actually make the decision in the unlikely even of being in power in the near future is officially in favour, for now? I think?
I'm a CULC member but unfortunately couldn't go.The position is simple, and music to the SNP's ears. Anti-trident north of the border, pro south due to large union support. They are damned if they do, and damned if they dont.
In other news, Tristram Hunt is apparently a big fan of the current status of his party..
I think Hunt is probably preaching to the wrong crowd, really. I'm in Cambridge and I've met maybe two people who don't think Corbyn is a good guy.
I don't think Hunt's point was that Corbyn's a cunt or an idiot or anything though, was it?
Simply that he's not good for the Labour party if it wishes to stay as an actual political party (whose goal is to acquisition of power). But then we just get back to the same old argument of...
"I don't want us to be Tory-lite"
"So would you rather an actual Tory government?"
"Yes if it enables us to rise, phoenix-like from the flames and come back stronger"
Loughborough MP Nicky Morgan is looking at more robust tests for seven-year-olds, insisting they must provide a "firm basis" for measuring pupils' academic progress.
The Education Secretary will make a speech to the Policy Exchange think tank, where she will announce a review of the testing of seven-year-olds.
http://www.itv.com/news/central/update/2015-11-03/review-of-school-tests-for-seven-year-olds/
Kind of not for young children having tests.
Are we all ready for Snoopers Charter 2: Snoop Harder? 12:30 for the statement, apparently not all of it has been "leaked".
It's the "we'll store which sites you go to but not which pages" that gets me.
Yeah making the ISPs store all this is a disaster waiting to happen. God forbid some bored 15 year old 'hacker' gets anywhere near it. Let alone someone with talent and an agenda.I'm assuming that if* this goes through, it will only take a few weeks before the data is hacked by someone and released. Massive shitstorm will ensue, they'll tell us they've fixed it, another hack/release a couple of months later, rinse repeat. I have zero confidence that it will be secure.
* I have no doubt it will, they seem to be uncontrollable at this point, what's next fracking in national parks and SSSIs? Oh.
Yeah making the ISPs store all this is a disaster waiting to happen. God forbid some bored 15 year old 'hacker' gets anywhere near it. Let alone someone with talent and an agenda.
So I suppose we ought to discuss Jeremy Hunt's new offer to doctors which according to the Independent represents a 26% real-time pay cut.
Alternatively we could note the novelty of me agreeing with Keith Vaz on something.
I would like to see more actual figures on the sides of the Doctors as regards to the actual hours they would work to achieve such a wage.
In some breakdowns, this means a doctor on a standard contract of (approximately) £20,000, supplemented to £30,000 by unsociable working hours pay, will be reduced to £22,000 gross pay - a 26-per-cent pay cut, according to a junior doctor who spoke to The Independent.
Changing the subject, breaking news on Sky about a student protest gone nasty - a pro "free education" demonstration. I don't know how viable free further education is, I am hardly an expert on the matter but it seems quite unsustainable.
There's a bit of fuss in the small business community about the changes to taxation of dividends that come into effect next April. Well, "bit of fuss" is understating it somewhat - my accountant is spitting blood over the whole thing.
Bit of background: historically dividend income, through a weird notional tax credit mechanism, has not been taxed at all until income hits the higher tax band. So a lot of small business owners take the greater proportion of their income by way of dividends, and by doing so avoid troublesome things like income tax and National Insurance.
Myself, I think this is the right thing to do. It closes a very widely-used "loophole" - and of course those who were using it are rather up in arms - that really shouldn't exist. I'm rather hoping that this is the precursor to some similarly draconian action on transfer payments, and also that it paves the way to a reduction in the small business rate of corporation tax - both of which would also be sensible.
I think I am down for a row with my accountant on this one!
Hundreds of protesters have gathered in Whitehall to express anger at David Camerons decision to welcome the Egyptian president, Abdel Fatah al-Sisi, to Downing Street.
Good, but still not ideal.
I draw everybody’s attention to section 19(2), which tells the judicial commissioners they have to make decisions based on judicial review principles, not on the basis of the evidence. In other words the home secretary would have to behave in an extraordinary manner not to get his or her warrant approved. This is not the judge checking the evidence, it is the judge checking that the correct procedure has been followed.
This is not quite the protection it was represented as.