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[Deleted User]

Thrugelmir wrote: »

As turkeys have more sense than to vote for Xmas. Labour needs to be credible in it's policies. As there's plenty of time yet for the promises of sweets for everyone to unravel. Too many sweets leads to bad decay.

My idea of turkeys voting for Christmas is the UK voting for Brexit.
Against the £70 billion every year that it would cost the country, all other options look not only credible but necessary.

zagfles

fred246 wrote: »

I think the labour party should be investigated for sexism on top of their anti semetic investigation.

That's a point - pensions ages are now equal, and the process to equalise them was found not to be discriminatory by the recent high court ruling.
If Labour do implement this "compensation", men of the same age would likely have a good case for sex discrimination.

It might cost £116 billion rather than £58 billion. Still, what's £116 billion to someone with a magic money forest?

zagfles

jem16 wrote: »

The only thing mentioned in the manifesto itself is a promise to "work with 50s' born women". Nothing less, nothing more.

The Grey Book does not mention any costings for such a promise as apparently it's being thought of like a contingency plan if the Government should lose the court case which of course they already have unless BT60 gets permission to appeal and the appeal doesn't go the same way.

The govt won the court case, I'm sure you meant that?
It's almost as if this is Labour's last throw of the dice. They realise they've lost any credibility of fiscal responsibility and so just throw in another uncosted £58 billion at the last minute.

It will apparently be funded by "borrowing".

IOW even more debt for our kids.

SnowMan

I've cancelled my labour party membership today.

I can't support a party that supports direct sex discrimination :mad:

Thrugelmir

ZingPowZing wrote: »

Against the £70 billion every year that it would cost the country, all other options look not only credible but necessary.

Then you have little understanding of what GDP actually is. Rather like the excitement generated by the word profit (in some circles). Which is little more than an accounting number. That can be endlessly manipulated.

[Deleted User]

zagfles wrote: »

The govt won the court case, I'm sure you meant that?
It's almost as if this is Labour's last throw of the dice. They realise they've lost any credibility of fiscal responsibility and so just throw in another uncosted £58 billion at the last minute. IOW even more debt for our kids.

We have to keep the £58 billion figure in perspective: in light of the Govt's figure of £70 billion that Johnson's deal would cost the country in GDP EVERY YEAR, the measure looks not only affordable but necessary.

In any case, the Conservative Party has thrown away its reputation for good-housekeeping in pursuit of Brexit: £4 billion wasted on the 31st March deadline, £110 million wasted on unintelligible "Get ready for Brexit, Oct31st" advertising on the motorway and elsewhere. The country is in no mood to take fiscal lessons from the Tories.

There is a high probability that the Conservative Party will panic when their lead in the polls diminishes, and may well reach a point where they feel compelled to match the Labour pledge.
But that is going to look pretty desperate.

Worth remembering that, on the day in 2017 when the last Conservative Party manifesto was published, the probability of May getting a majority was rated over 90%. Last throw of the dice for Labour? Or d!jà vu all over again for the Conservatives?

[Deleted User]

in light of the Govt's figure of £70 billion that Johnson's deal would cost the country in GDP EVERY YEAR,

While that number is a wild guess, particularly if you claim it as “annual cost in GDP”, I do agree that Brexit won’t come cheap. Do wonder though what is the cost of continuing with the uncertainty.

Now... The cost of any sentence starting with “PM Corbyn” is economic devastation. For starters, no one in the right mind would buy Gilts ever again. And business/wealth will be leaving taking jobs along with them.

Thrugelmir

ZingPowZing wrote: »

The country is in no mood to take fiscal lessons from the Tories.

Do not forget Mark Carney's word. "Britain is reliant on the “kindness of strangers” to finance its current account deficit". Printing money is simply a form of theft. If that's the Labour plan.

[Deleted User]

Deleted_User wrote: »

While that number is a wild guess, particularly if you claim it as “annual cost in GDP”, I do agree that Brexit won’t come cheap. Do wonder though what is the cost of continuing with the uncertainty.

Now... The cost of any sentence starting with “PM Corbyn” is economic devastation. For starters, no one in the right mind would buy Gilts ever again. And business/wealth will be leaving taking jobs along with them.

Worth remembering that the vote to leave the EU caused the biggest one-day currency fall since fixed-rates.
Not the worst day for £, the worst day for any major currency in forty years.

[Deleted User]

ZingPowZing wrote: »

Worth remembering that the vote to leave the EU caused the biggest one-day currency fall since fixed-rates.
Not the worst day for £, the worst day for any major currency in forty years.

The key words are “major currency”. Venezuelan bolivar used to be the region’s most stable currency, freely convertible. The key words are “used to be”.