Corbynomics: A Dystopia

posh*spice

Fella wrote: »

Of course you would. You won't be paying it back. Luckily all those wide-eyed youngsters at Labour Party meetings are too thick to realise it's them that will be.

You know that is sad. Labour decided on a policy of mass migration that robbed them of any opportunity to leave home because there aren't enough houses and their wages have been squished to nothing.

And they think Labour is their saviour. No, Labour robbed you of a future.

posh*spice

Tromking wrote: »

The usual 'slash and burn' Tories on here failing to realise that the argument re. the deficit and how to bring it down is slightly more nuanced than they would have us believe. It's like the forced ending of the public sector cap never happened.
Ask yourselves why the Tories are even contemplating slashing Uni tuition fees, it starts with 'Cor' and ends with 'byn'.

That maybe true. It it also could be because the deficit has fallen faster than expected this year and Hammond has some slack.

posh*spice

michaels wrote: »

WE just see the BoE raising interest rates because lifting the pay cap will lead to average wages rising and don't really see a lot of pluses - especially as it will then make the interest bill on the govt debt mountain even higher and the only way we can afford to service it is by selling even more London property to foreign buyers.

(Agreed the Tories are even worse than Labour when it comes to selling off capital assets and treating the revenue as income to be spent immediately - Labour's preferred trick is to buy depreciating capital assets like hospitals on the never never paying way over the odds to do so - a sort of Littlewoods economics)

Yes and then the mortgages go up for all those public sector workers, so will thry actually be better off? I guess they will think they are better off and that is enough.

ukcarper

posh*spice wrote: »

That maybe true. It it also could be because the deficit has fallen faster than expected this year and Hammond has some slack.

I don't thinks so, they have seen the increase in young votes going to Labour and are trying stem that.

michaels

posh*spice wrote: »

That maybe true. It it also could be because the deficit has fallen faster than expected this year and Hammond has some slack.

I would hope it is because a 1% pay cap with 1% inflation = a real terms freeze whereas with 3% inflation it is a 2% real terms pay cut. whereas the above projection inflation should lead to higher govt revenue from things like VAT so only fair that the unanticipated revenue goes to workers who are being squeezed more than planned.

Any increase in nominal (money terms) gdp also helps with the debt/gdp ratio.

Of course those who are seeing a 0% increase in tax credits and benefits are being hit extra hard but I am sure public sector workers would rather any spare money went only to govt sector workers rather than being shared between all those reliant on govt for their incomes.

Tromking

posh*spice wrote: »

Yes and then the mortgages go up for all those public sector workers, so will thry actually be better off? I guess they will think they are better off and that is enough.

As usual you ignore the positive by-products of decent and regular uplifts in pay for some of our most important workers. Expecting public service workers to bear the brunt of paying down the deficit ad infinitum was always going become politically untenable eventually.

Moby

Ipsos MORI’s monthly political monitor has topline figures of CON 40%(-1), LAB 44%(+2), LDEM 9%(nc), UKIP 2%(-1). Fieldwork was over the weekend and changes are from July.
Leader satisfaction ratings are May minus 17, Corbyn minus 3 and Cable minus 1. While Vince Cable has the least negative net rating, this is because he has far higher don’t knows than the other two leaders (39% compared to 10%) rather than any great surge of “pro-Vince” feeling. MORI also asked some more detailed questions about perceptions of the leaders’ qualities, underlining the collapse in perceptions of May’s and the rehabilitation of Jeremy Corbyn since last year.

Who'd have thought how things have changed in a few short months!

Fella

Tromking wrote: »

Ask yourselves why the Tories are even contemplating slashing Uni tuition fees, it starts with 'Cor' and ends with 'byn'.

Or you could ask why Corbyn promotes a policy that directly helps the middle-class at the expense of those less well-off.

It would be ironic if the presence of Corbyn meant the Tories had to implement a policy that directly benefits the people most likely to vote Tory at the expense of those likely to vote Labour.

Probably a bit too "nuanced" for some people to understand though.

Tromking

Fella wrote: »

Or you could ask why Corbyn promotes a policy that directly helps the middle-class at the expense of those less well-off.

It would be ironic if the presence of Corbyn meant the Tories had to implement a policy that directly benefits the people most likely to vote Tory at the expense of those likely to vote Labour.

Probably a bit too "nuanced" for some people to understand though.

Corbyn's Labour Party as Moby has just referenced is currently polling in the mid 40's. I'm not sure your 'un-nuanced' contention that the poor vote Labour while the comfortably off vote Tory is particularly accurate anymore.
There is one thing you can hang yer hat on though, even out of office Corbyn is driving the agenda in an austerity weary UK and consequently has the Tories scared witless.

Moby

Fella wrote: »

Or you could ask why Corbyn promotes a policy that directly helps the middle-class at the expense of those less well-off.

It would be ironic if the presence of Corbyn meant the Tories had to implement a policy that directly benefits the people most likely to vote Tory at the expense of those likely to vote Labour.

Probably a bit too "nuanced" for some people to understand though.

You see Fella when parties are moving towards govmt their policies often have wide appeal across party affiliation and if they can force the hand of the current govmt in their direction at the same time that's a win win.;)