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UK PoliGAF thread of tell me about the rabbits again, Dave.
- Thread starter Chinner
- Start date
Clay Davis
Member
The Government has no ability to soften the impact of another recession through it's fiscal policy since there is no room for extra government spending. This isnt a case of Conservative policy. If Labour were in power the UK would be in a similar position of being unable to absorb another recession. During the last 10 years the UK government should have been building up a budget surplus such that when things did go bad, we could stimulate the economy but we entered the last recession with debt and we enter this one with debt. This puts UK GDP on the ice and our ability to repay our debts decreases, hence a potential fall in our credit rating.
The banks may be in a better position now than they were two years ago but they still rely on the flow of credit between the financial markets and if the EZ collapses then the credit flow will also dry up. Its all relative. If the EZ collapses, we go down too but just maybe not as far as other world economies.
Rehypothecation, which is madness and made infintely possible by the joke regulations in the UK has daisy-chained the risks of a Eurozone sovereign default to the extent that it will literally be the end of the entire financial system.
Edit: to paraphrase it will be peak times for EVERYONE. No exceptions.
Edit: to paraphrase it will be peak times for EVERYONE. No exceptions.
milanbaros
Member?
And that was when government tax revenue was a smaller percentage of GDP than it is now.
And that was when government tax revenue was a smaller percentage of GDP than it is now.
It really is sad that the too much sovereign debt meme has gotten so out of hand. The whole thing is a shadow banking crisis.
milanbaros
Member?
We are in a world at the moment where everyone is borrowing and no-one is lending. Its a mathematical impossibility, a zero-sum game. The governments borrowed, the banks and financial sector idiotically lent, the government bails out the banks because of their idiotic gambles and suddenly the governments are financial sector are effectively the same entities. A ponzi scheme where ultimately everyone loses.
milanbaros
Member?
Last one
I think this one may be a year out of date though.
I think this one may be a year out of date though.
fizzelopeguss
Banned
Ahh, the botox evita.
Did you know that the Unites states held the islands for as long as the argentinians back in the 1830's? that's the period where their claim stems from.
phisheep
NeoGAF's Chief Barrister
It's all a bit of a pointless row, because it isn't in the Government's gift to nominate a future Prime Minister. And the 'Deputy PM' title has no constitutional significance.
I guess that if Cameron died then someone like Hague would take over with the consent of the House.
Apologies, what I gave you isn't the order of succession but the order of command. If someone topped Cameron, then for the immediate few hours that would be the order of command.
phisheep
NeoGAF's Chief Barrister
I suspect that immediate power would vest in the Privy Council. As Lord President, Clegg would clearly have significant influence, but that's not the same as saying he would be able to call the shots.
Guerrillas in the Mist
Member
The thing is, she wants negotiations, but here's essentially how they would go:
Argentina: "We want the islands."
Britain: "The local population say no.... So no."
Talks won't change shit, when neither side wants compromise.
Is the economist website free or do I have to pay after a couple of articles (or something like that)? I never considered reading it, but it seems very interesting.
My usual sites for news are telegraph, guardian, nytimes, haaretz, spiegel (german) and welt (german).
it's five print edition articles for free a week iirc. annoying as they do excellent work, but it's still worth perusing the online print edition for the five articles that look most interesting. i also recommend some of the economist's online blogs too, which you can read without limits, bagehot for example is really excellent for uk politics and republishes his print columns on there too.
CHEEZMO™;33674658 said:
drivers want an extra day off for Christmas confirmed. Lazy bastards.
oh, sorry, read up more, they want TRIPLE PAY. cunts, my GF is working Christmas eve and not getting paid a penny extra. Self entitled bellends should be glad they have a fucking steady job in these times.
J Tourettes
Banned
They're making the most of having the Mayor and TFL over a barrel due to the olympics. If Bojo is still in power after them I can see the union getting crushed.
StealthGoblin
Banned
Tube drivers always take the piss. Why they get paid more than the average teacher is beyond me.
phisheep
NeoGAF's Chief Barrister
Some of them do have a cracking good sense of humour though. A few years ago we were held up during morning rush hour (and for a while after) by a whole series of signal failures deep underground, which the driver had to excruciatingly to announce. When it was finally over and we got moving he said something like "Thank you for your patience. Now that was so much fun how about we do it again same time tomorrow?" - lightened the mood immediately and set the whole trainload off with a spring in their step.
BBC Breaking:
Duke of Edinburgh in hospital following chest pains
The Duke of Edinburgh has been taken to hospital in Cambridge after suffering chest pains, a Buckingham Palace spokesman said.
Prince Philip, who turned 90 in June, was taken from Sandringham to the cardiothoracic unit at Papworth Hospital for "precautionary tests", the spokeswoman said.
Duke of Edinburgh in hospital following chest pains
The Duke of Edinburgh has been taken to hospital in Cambridge after suffering chest pains, a Buckingham Palace spokesman said.
Prince Philip, who turned 90 in June, was taken from Sandringham to the cardiothoracic unit at Papworth Hospital for "precautionary tests", the spokeswoman said.
JonathanEx
Member
HES REALLY DEAD BUT THE MEDIA ARE COVERING UP!!!! RT TO GET THETRUTH OUT!
haha yeah, although I find Thatcher bashing to be sometimes...distasteful, it probably is suitable that she gets a private one.
JonathanEx
Member
I really like the way that it's written. Rather than SHE IS SHIT RUINED OUR COUNTRY, it's very clever.
RIOTERS TO LOOSE ALL BENIFITS
i don't mind having a go based on her record so long as it isn't just invoking her name as if she's some kind of evil spirit responsible for everything you don't like, but it's certainly going to be really embarrassing to be on the left when she eventually dies and people start celebrating.
yeah, ugh, I'm a centerist and while some amount of liberalisation is good she went overboard and did it too quickly (not to mention how badly she cocked up housing in the country). But yes, I think that some old wounds are going to open up when she passes.
frankie_baby
Member
Why's it gonna be embarrassing? If you don't wanna join in the celebrations then don't, but leave the rest of us to party
at the end of the day, she said what she was going to do (privatise) and was elected on that word, she wasn't a dictator and had democratic legitimacy for what she did.
frankie_baby
Member
Just like hitler though most of the country didn't vote for her
J Tourettes
Banned
The irony being that a lot of the people who will be celebrating her death will be the same people who looked down upon those who celebrated Bin Laden's death.
frankie_baby
Member
I might not have celebrated bin ladens death as I'm uneasy about how it happened I cant make up my mind if kill or capture would have been the best option and probably never will however I totally understand who some people chose to
Guerrillas in the Mist
Member
'Planned 49% limit' for NHS private patients in England
And the circus that is Tory health policy continues!
How could it go wrong? Times like this make me happy I live in Scotland.
And the circus that is Tory health policy continues!
How could it go wrong? Times like this make me happy I live in Scotland.
Guerrillas in the Mist
Member
I still can't believe I know working class families who were fooled by Cameron's bullshit on the NHS.
Class doesn't even come into it, it's just a trainwreck of policy heading slowly but surely towards a sheer drop. It's the bastard child of the welfare state principals the NHS was founded on and some weird New Conservative thinking wrapped around "Big Society" banner.
louis89
Member
Wait, what's the problem with this proposal?
Yeah, let's just introduce profit-motive to what are supposed to be universal health care providers. What could go wrong? Profit-motive works in America doesn't it, and their healthcare is *wonderful*.
Seriously? You don't see how deeply worrying this is? This won't benefit patients, but it will benefit those fuckers who want to turn medicine into a business.
louis89
Member
What's the solution to NHS funding problems?
radioheadrule83
Banned
The idea of raising supporting income through private means is a nice idea in theory, but it creates a two tier system in the hospital or GPs or what have you... There needs to be a mechanism to ensure that these places don't start turning genuinely needy NHS patients I'm favour of the more financially rewarding work. I'm not worried about doctors or nurses thinking about profits, some invariably do that already - I know of one ultrasound tech who marks herself out as 'busy' in her calendar while she's actually off site doing private appointments! - I'm more worried about already scant resources being directed to help those who can pay rather than those who need it, and people being turned away or put on interminable waiting lists.
My dad has just went through his employers medical insurance scheme to get his hip replaced because waiting until the NHS could do it would take too long and leave him in pain. Instead of getting the operation free, as he should, he's had to pay.. his insurer has had to pay out. That's where we're headed for everyone if this goes unchecked!
My dad has just went through his employers medical insurance scheme to get his hip replaced because waiting until the NHS could do it would take too long and leave him in pain. Instead of getting the operation free, as he should, he's had to pay.. his insurer has had to pay out. That's where we're headed for everyone if this goes unchecked!