the snap general election thread

Moby

The DUP have apparently asked for an Irish sea train tunnel between Northern Ireland and England to be built by 2030. As well as major investments in Northern Irelands public services, free social care and free nursery provision for under 5’s. I should imagine that would be very expensive.

masterwilde

well the train tunnel will probably be around £10/£15 billion

public services could be upto £5 billion

Free social care and nursery - skys the limit

realistically between £20/£30 billion

lovinituk

masterwilde wrote: »

chuck, ive jsut bet Labour at 1000/1 for a laughable £2 as i can see a 5% chance that the governement will not officially form

Excuse my ignorance but how could Labour form a government? Wouldn't they need the DUP as well as all the others to gain the overall majority?

Thrugelmir

lovinituk wrote: »

Excuse my ignorance but how could Labour form a government? Wouldn't they need the DUP as well as all the others to gain the overall majority?

Plus Sinn Fein who never turn up. Corbyn seems to ruled out any possibility of that happening either.

lovinituk

Thrugelmir wrote: »

Plus Sinn Fein who never turn up. Corbyn seems to ruled out any possibility of that happening either.

Didn't he also say absolutely no deals with SNP as well? And surely it would be two-faced to do a deal with the DUP now?

So how can they form a government with even less majority than the Conservatives?

Thrugelmir

lovinituk wrote: »

So how can they form a government with even less majority than the Conservatives?

They can't.

Chrysalis

Chrysalis wrote: »

It does work when used selectively.

You give the free market a chance, if it fails then you step in, either via regulation or state ownership.

e.g. for anyone to claim the free market works on the housing rental market must be a lunatic.

It works for electricity/gas domestic supply, worked for royal mail, works for council housing.

Generally free market is good for luxury non essentials, centralised = good for essentials.

Wages are only a fraction of the overall cost of producing goods, any affect on price increases is lower than the wage increase itself. I even posted an example earlier.

What wont work is not increasing wages in line with inflation, how can people spend more when they dont have the ability to spend? that is nonsensical. Capitalism in its current form only keeps going due to money injection (supply of credit), as in its natural form it would just seize up. But without wage increases the amount of credit needing to be injection needs to be increased which of course raises inflation further.

In short injection of money has a larger affect on inflation than wage increases. Wage increases is not favoured because those at the top of the pyramid dont like it.

ok so I did a little bit of testing.

LHA rates in my city are £86 per week so £344 every 4 weeks for a one bad flat (not bedsits, shared rooms).

Bedsits are going for close to £400 per month, with £1000 needed to move in. (the LHA rate for these is lower than £344)
One bed studio flats about £420-450
Proper one bed's about £450-500

There is an absolute chasm between LHA rates and market rates, this is "free market failure". The need for profit has won out.

There is no way those rent's reflect cost of mortgages.

Either there needs to be rent regulation. Or the state needs to step up up in the rental market to provide affordable alternatives which will course a correction.

I can actually understand why LHA got capped because costs would have run away with whats happening, the problem is it has left poor people in a very dangerous situation.

The only 2 party leaders who have recognised this are caroline lucas and corbyn. If the tories came out with a plan to address the problem, they would be getting the same praise from me.

What I find shocking is that various people dont even think this is a problem. Even for those who dont qualify for LHA and as such paying rent out of wages, they suffer as well since they paying extortionate rents for shelter, which in turn prohibits things such as saving up for a mortgage deposit or preparing to have children.

masterwilde

Labour could if the conservatives before forming a government get a vote of no confidence and labour call for a new election and get over 50% of the vote, then its a new election and no government, therefore labour could be the next government, although i do put this at best at 5%

Thrugelmir

masterwilde wrote: »

Labour could if the conservatives before forming a government get a vote of no confidence and labour call for a new election and get over 50% of the vote, then its a new election and no government, therefore labour could be the next government, although i do put this at best at 5%

Makes having a general election somewhat pointless.

Chrysalis

a new election could go either way, as I expect there is fence sitters who either didnt vote or voted one way but will vote the other way in a new election.

Labour have probably offered everything they can whilst tories could adjust manifesto and have a new leader to get a better result.