How Much is a Corbyn?

antrobus

BobQ wrote: »

...At present they operate power stations and sell power to their retail groups. I am saying that power production ought to be competed and sell to retail suppliers. We already have suppliers selling energy through the single infrastructure....

REMIT

https://www.ofgem.gov.uk/gas/wholesale-market/european-market/remit

BobQ wrote: »

.....Have you read the OFT report?

https://www.ofgem.gov.uk/sites/default/files/docs/2014/03/assessment_document_published_1.pdf

It does say;

Based on these calculations the average ROCE of 7 per cent over the period implies that the generation sector is covering its cost of capital but no more.

cepheus

I expect if there's a whif of Corbyn getting into power, the share prices will tumble and they can be bought for a quid each! Shame the government didn't place a similar low floor for the banks.

In addition he will tax the rich more and cut Trident. However, the main source of money would be via printing money, rather than QE so it can be used for public investment rather than paying off the Casino banksters and raising asset values. Higher inflation & interest rates will lead to lower house prices making it cheaper to buy, rent and move up properties, and less government money used to subsidise greedy landlords. Increased growth due to more money being spent (the poorer half spend proportionately more and don't hide it offshore) will yield more tax money still.

Corbyn is the Rentiers worst nightmare, but for workers, students and the impoverished, exactly what the Dr ordered.

Thrugelmir

cepheus wrote: »

In addition he will tax the rich more and cut Trident. However, the main source of money would be via printing money, rather than QE so it can be used for public investment rather than reviving the Casino banksters. Higher inflation & interest rates will lead to lower house prices making it cheaper to buy, rent and move up properties, and less government money used to subsidise greedy landlords.

No wonder he's never been given a ministerial role if these are his plans. It'll wipe Labour out for a decade. Complete and utter tosh. The return of the loony left. I thought that the dinosaurs had died out years back. Seems not.

CLAPTON

cepheus wrote: »

I expect if there's a whif of Corbyn getting into power, the share prices will tumble and they can be bought for a quid each! Shame the government didn't place a similar low floor for the banks.

In addition he will tax the rich more and cut Trident. However, the main source of money would be via printing money, rather than QE so it can be used for public investment rather than paying off the Casino banksters and raising asset values. Higher inflation & interest rates will lead to lower house prices making it cheaper to buy, rent and move up properties, and less government money used to subsidise greedy landlords. Increased growth due to more money being spent (the poorer half spend proportionately more and don't hide it offshore) will yield more tax money still.

Corbyn is the Rentiers worst nightmare, but for workers, students and the impoverished, exactly what the Dr ordered.

you mean , like Greece?

cells

cepheus wrote: »

I expect if there's a whif of Corbyn getting into power, the share prices will tumble and they can be bought for a quid each! Shame the government didn't place a similar low floor for the banks.

In addition he will tax the rich more and cut Trident. However, the main source of money would be via printing money, rather than QE so it can be used for public investment rather than paying off the Casino banksters and raising asset values. Higher inflation & interest rates will lead to lower house prices making it cheaper to buy, rent and move up properties, and less government money used to subsidise greedy landlords. Increased growth due to more money being spent (the poorer half spend proportionately more and don't hide it offshore) will yield more tax money still.

Corbyn is the Rentiers worst nightmare, but for workers, students and the impoverished, exactly what the Dr ordered.

There isn't a lack of capital to build homes so printing cash won't help. However if he made planning easier I suspect that would allow the uk to build 400k homes a year and boost GDP by £60B and taxes by £30B


Also the general idea is that people with lots of debt benefit from printed money and savers lose. The rich tend to have lots of debt (eg BTLs or shares in companies with lots of debt). So a burst of money printed inflation wint help the poor. Also apart from homes there isn't really a shortgage of much other infrastructure.

Generali

cepheus wrote: »

I expect if there's a whif of Corbyn getting into power, the share prices will tumble and they can be bought for a quid each! Shame the government didn't place a similar low floor for the banks.

In addition he will tax the rich more and cut Trident. However, the main source of money would be via printing money, rather than QE so it can be used for public investment rather than paying off the Casino banksters and raising asset values. Higher inflation & interest rates will lead to lower house prices making it cheaper to buy, rent and move up properties, and less government money used to subsidise greedy landlords. Increased growth due to more money being spent (the poorer half spend proportionately more and don't hide it offshore) will yield more tax money still.

Corbyn is the Rentiers worst nightmare, but for workers, students and the impoverished, exactly what the Dr ordered.

Maybe. Perhaps the share prices will rise in anticipation of a juicy takeover premium.

The last time Labour put up tax rates showed we are at the top of the Laffer Curve. That means that increasing marginal tax rates leads to a lower tax take.

As for printing money... What could possibly go wrong? There's a free lunch that all those stupid economists and Central Bankers have been ignoring in their frenzy to stamp on the poor.

cells

I think the man can win a general election he speaks well as is very popular. My guess is the right conservative voting block turns out far more and that the usually apathetic non voters would vote for such a man. The non voters are probably mostly people who have absolutely nothing. Why fight for capitalism if you have no capital?

Thatcher seemed to understand that and made 3+ million renters capital holders via the RTB

this guy could change the game imo
his biggest weaknesses in my eyes is his age. He will be 71 at the next election so will voters bote for a 76 year old to run the country?

Of course this assumes he can keep the party together for 5 years and that migjt be difficult

Thrugelmir

cells wrote: »

Of course this assumes he can keep the party together for 5 years and that migjt be difficult

Keep it together. It's in disarray. The Shadow Cabinet wouldn't be credible.

cells

Thrugelmir wrote: »

Keep it together. It's in disarray. The Shadow Cabinet wouldn't be credible.

Is it ever pretty when a few would be leaders try to out do each other and their supporters?

Ed managed to hold it together upto the vote.
Would the more centre ground of labor spilt?
What can they actually do, split and form another centre left party?
Maybe they can soil it for corybn in 2020 by infighting and let the tories win or naybe they will keep quiet and try to win a corybn victory m doubt the man would go on to fight a 2025 election he would be 76 by then and 81 by the end of that term so if he wins in 2020 it will likely be a one term PM due to his age

Thrugelmir

cells wrote: »

Is it ever pretty when a few would be leaders try to out do each other and their supporters?

Ed managed to hold it together upto the vote.
Would the more centre ground of labor spilt?
What can they actually do, split and form another centre left party?
Maybe they can soil it for corybn in 2020 by infighting and let the tories win or naybe they will keep quiet and try to win a corybn victory m doubt the man would go on to fight a 2025 election he would be 76 by then and 81 by the end of that term so if he wins in 2020 it will likely be a one term PM due to his age

None of the pretenders is up to the job. Labour has a very weak front bench at the moment. David Milliband will be back for the next election. With DC standing down. It'll certainly be a heavyweight contest. DM will return a better person too after his stint outside of politics. Which is the problem for many MP's these days. All text book theory and no practical life skills.