Corbynomics: A Dystopia

Conrad

Saudi Arabia plenty of space and a GDP per capita 40% higher than ours yet has taken hardly any Syrians despite being only 60 miles distant in the N west

antrobus

michaels wrote: »

Like I said the boe is independent in its actions that are taken to meet its mandate of price and economic stability. The mandate could easily be changed.

Subject to the provisions of the Treaty of Lisbon.:)

Generali

cells wrote: »

the only thing you can argue is that the state might pay too much to buy it.

If they buy it at a good price even those other things not being perfect would probably be ok

PS could he not swap the company for say a perpetual (or long term 30 year) gilt?

So for arguments sake if the company is worth £10B swap it for £10B of gilts

Given how state owned industries were run in the past I feel on very safe ground arguing that the nationalised industries would be highly unlikely to be making a profit for long.

Thrugelmir

cells wrote: »

So for arguments sake if the company is worth £10B swap it for £10B of gilts

Just under £32b today. Little chance of the issuance of debt at that level at a 1% to fund it.

cells

Thrugelmir wrote: »

Just under £32b today. Little chance of the issuance of debt at that level at a 1% to fund it.

you dont need to buy it for cash you can just swap the shares for gilts. some companies do that when they take over others effectively buying the company in return for shares in its own

Seeing as £1.5 trillion is outstanding what's another £0.032 trillion between pals?

Also assuming the return on that £32B is £3B a year and the gilts yield £1B a year then the deficit is reduced by £2B a year

cells

Generali wrote: »

Given how state owned industries were run in the past I feel on very safe ground arguing that the nationalised industries would be highly unlikely to be making a profit for long.

but its would not be a nationalised industry.

think of it a bit more like a sovereign wealth fund like the one norway has.

They also dont need to buy 100% of it they can leave a 10-20% free float if you so desire

wotsthat

padington wrote: »

Wasn't the problem caused by us unstabalising the Region using military action in the first place combined with e fact that we failed to offer any proper well considered 'peace action' afterwards.

If the military aren't the ultimate enforcer of foreign policy and their actions are destabilising why do we maintain such a massive force?

Thrugelmir

cells wrote: »

you dont need to buy it for cash you can just swap the shares for gilts. some companies do that when they take over others effectively buying the company in return for shares in its own

Seeing as £1.5 trillion is outstanding what's another £0.032 trillion between pals?

Also assuming the return on that £32B is £3B a year and the gilts yield £1B a year then the deficit is reduced by £2B a year

If only things were that simple. Last issued long dated gilt was at 3.5%.

cells

Thrugelmir wrote: »

If only things were that simple. Last issued long dated gilt was at 3.5%.

dont worry i can sort it out if he hires me as minister of thats mine that is

first I have the regulator decrease prices the national grid can charge. I think that's reasonable hard pressed families have suffered too many years of grid price increase

Oh and its unfair that corporation tax is being reduced to 18% it was 26% just a few years ago !!!!!! is that about....to 40% to match individuals income tax. also new grid connection fees are too high its holding back much needed social and private house building so thatll be £100 a house now and mandatory

now how much did you say the market cap was? ill get my cheque book out

Generali

cells wrote: »

but its would not be a nationalised industry.

think of it a bit more like a sovereign wealth fund like the one norway has.

They also dont need to buy 100% of it they can leave a 10-20% free float if you so desire

It makes no difference. Past Governments showed us exactly how good they were at running companies.