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Chancellor's Autumn Statement
Comments
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I may be barking up the wrong tree but when you borrow and invest the capital and get a return for it, like getting a mortgage/house you have an investment.
So if you have not borrowed capital to invest then you achieve nothing but a debt, which is where we are now, only in my opinion of course.
Not what I was getting at really.
Im not talking of borrowing, but value. I meant that many many people here claim house prises have "fallen in real terms" even though thay havent gone down. Doesnt matter whether you have a mortgage or own out right. The premis being that even though the house is still valued at the same "£160k" for instance, its actually worth less in real terms due to inflation.
Im mearly applying the same here. If - as a country - we owed £1Bn last year, and still owe £1Bn this year - in real terms we actually owe less.
Cant have it both ways.0 -
Institute for Fiscal Studies reckons that if Osborne goes ahead with the extra cuts now scheduled, and continues to protect schools n hospitals, we're looking at total cuts across 2010-18 of 30% on things like defence and police.
Aklternatives are to start slashing schools n hospitals, or raise taxes."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
grizzly1911 wrote: »Until I heard the news today I didn't know he had a stammer, when I was told he did. I don't condone any ridicule of such a weakness. It was still an unusually flustered performance.
In September 2010, the British Stammering Association announced that Balls had become a patron of the Association. Its Chief Executive, Norbert Lieckfeldt, paid tribute to him for having been very public in his declaration that he has at times struggled with his speech.
Just to qualify a point...0 -
GeorgeHowell wrote: »There are two reasons for this :-
1) The party that does purport to understand and represent ordinary people screwed it all up so badly that this supposed party of out-of-touch millionaires won the most seats in 2010. Even the left-leaning LibDems saw the need to keep them in government in order to keep Labour from dragging us to economic and financial oblivion.
2) The Conservative Party used to have lots of grammar school high achievers from relatively humble backgrounds gaining high office. But as Labour's social engineering policy of comprehensivisation walked its way through the generations the high achievers now mostly come from independent schools -- ergo the wealthier classes. And by the way that applies in large measure to Labour too.
I don't agree with that second point. about high achievers just coming from independent schools. I do agree that wealthier classes do buy their way in using the independent school system and the network that comes with it.
It is arguable that given much greater mobility and access to higher education the best achievers go on to achieve rather than living in the dark ages of politics.
The fact we are where we are probably has more to do with a dimming down of the role."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
we're looking at total cuts across 2010-18 of 30% on things like defence and police.
Aklternatives are to start slashing schools n hospitals, or raise taxes.
Is that a bad thing for a civilised country with aspirations?
There is still foreign aid to go if need be too."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »No, he doesn't really need to.
He did say on the radio today that he understands what (poor) working families are going through and the difficulty making ends meet (or words to that effect).
Not aimed at him particularly but do any ministers or shadow ministers really understand? In GOs case he is a multi millionaire, apparently, and has been privately educated, Oxford educated, living in a wealthy family. with a career in or around Westminster. I am sure this is similar to many in or aspiring to these positions.
It would be nice to see something obvious in their history that they had at least worked in the field normal people exist in, if not lived in it for a period.
Well this is a real problem with politicians today. They are career politicians who generally spend their entire life in politics rather than having a career outside politics and real world experience. There are some exceptions to this generalism but not many.0 -
In September 2010, the British Stammering Association announced that Balls had become a patron of the Association. Its Chief Executive, Norbert Lieckfeldt, paid tribute to him for having been very public in his declaration that he has at times struggled with his speech.
Just to qualify a point...
Balls wasn't stammering. He got his facts wrong and was struggling to process it. He of all people can't claim that he's a victim after his consistent heckling from the front benches.
What goes around comes around.0 -
In September 2010, the British Stammering Association announced that Balls had become a patron of the Association. Its Chief Executive, Norbert Lieckfeldt, paid tribute to him for having been very public in his declaration that he has at times struggled with his speech.
Just to qualify a point...
Stammer or not, what he said was b******sNo-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
grizzly1911 wrote: »I don't agree with that second point. about high achievers just coming from independent schools. I do agree that wealthier classes do buy their way in using the independent school system and the network that comes with it.
It is arguable that given much greater mobility and access to higher education the best achievers go on to achieve rather than living in the dark ages of politics.
The fact we are where we are probably has more to do with a dimming down of the role.
The grammar schools by and large provided as good an education as most independent schools do now. They were a conduit for bright, motivated people from the humblest of backgrounds to reach the highest level of academic excellence (remember that another Labour social engineering disaster had not yet screwed up free higher education then either).
Most staate comprehensives just do not provide as good an education as most independents (look at the league tables) so that conduit has been largely cut off. And now that higher education is so costly that will also tend to favour the well off more and more.
Labour supporters may be in denial but this is the reality.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
Balls wasn't stammering. He got his facts wrong and was struggling to process it. He of all people can't claim that he's a victim after his consistent heckling from the front benches.
What goes around comes around.
According to his comments today those 300 nasty, noisy Tory MPs made it too difficult for him.
You reap what you sow, Ed -- what goes around comes around indeed.
The truth is that his case and his position is so preposterous that even he couldn't b******t his way through it.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0
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