The Polls - Labour Lead At 14 - Is It The Economy?

DecentLivingWage

Generali wrote: »

Good stuff.

Care to tell us where the 4% growth line comes from? You repeatedly bang on about it.

I just posted it! Link in above post (some people on here dont realise the first paragraph is satire,its talking about the labours mess lie) so important to read whole article.

robmatic

jonewer wrote: »

Well, we could start limiting immigration and offering tax breaks to companies who train local people.

Or by simply incentivising the unemployed to work which is much of the problem with the indigenous labour pool.

grizzly1911

robmatic wrote: »

Or by simply incentivising the unemployed to work which is much of the problem with the indigenous labour pool.

How do you do that if their are insufficient jobs, hence the reason why we have unemployment, plus other label which essentialy means they are not in work.

Of those that are unemployed it is only a small proportion that aren't actively seeking work.

grizzly1911

jonewer wrote: »

Bonds reach maturity and need to be rolled over into shiny new debt. This is happening constantly. I grant you that if yields skyrocket tomorrow, its not going to affect the entire amount instantly, but its not just 'new' borrowing thats affected. Its old debt that has reached maturity too.

Will any of this actually reduce the interest burden, significantly, on a solid debt (increasing slowly)? Is it going to make the interest fall from the£49bn figure you suggested to say £25bn?

DecentLivingWage

Labour's lead is starting to set like concrete and Michael Fabricant is worried enough to suggest a deal with Ukip as Con defeat looms ahead of the predicted rise in unemployment after the New Year. Not heard about that? Thought not (desperate media dumbing-down) so here it is, with full link to the other 9 things OsBean didn't tell us....

'The recent fall in unemployment is expected to be reversed as the jobless total rises from 2.5 million to 2.7 million next year. (p. 83 OBR document)'

http://www.newstatesman.com/politics/2012/12/10-pieces-bad-news-osborne-left-out-his-autumn-statement

Thrugelmir

jonewer wrote: »

We can change the rate at which we accumulate the debt. That either means spending less (political suicide),

And if all parties offer spending less as the only option?

DecentLivingWage

It's not always a case of just spending less.... just spending it on the right confidence-building things! Frightened broke voters don't spend! Unemployment (set to rise next yr) is the huge scary hulk that puts them off - even relatively secure families are scared it could be them next month - I've seen it happen locally to several ! No Confidence in Osborne so Labour's chances of winning are going up and up - and the Cons know it but their ship's course is set... and it s too late to turn it..

Thrugelmir

DecentLivingWage wrote: »

It's not always a case of just spending less....

There's a point where nothing else is going to fill the void. Spending less comes in different forms.

Despite the recession. More people are in paid employment than ever before.

StevieJ

jonewer wrote: »

Bonds reach maturity and need to be rolled over into shiny new debt. This is happening constantly. I grant you that if yields skyrocket tomorrow, its not going to affect the entire amount instantly, but its not just 'new' borrowing thats affected. Its old debt that has reached maturity too.

I thought the vast majority of UK debt was long dated (14-15 years), this being a huge plus when compared to other countries.

Thrugelmir

StevieJ wrote: »

I thought the vast majority of UK debt was long dated (14-15 years),

Medium is 5 to 15 years to maturity.

Long is over 15 years.