Precautions in case of a Labour win

[Deleted User]

steampowered wrote: »

And the Conservatives are planning to privatise the NHS.

That statement is of course not true, as are the statements in your post.

If you start believing conspiracy theories or taking activist papers as official party policy, you will soon lose all grip on reality and will just look at the world through rose tinted spectacles.

There is a difference. Not one member of the Tory front bench has ever said anything of the kind. My post was based on Labour leadership’s official policies. Makes a bit of a difference.

penners324

I'd prefer a mostly privatised NHS, it'll be far more efficient than the current organisation. Strip out all the unnecessary administrators and managers.
We would end with something very similar to the German health service model.

Anonymous101

penners324 wrote: »

I'd prefer a mostly privatised NHS, it'll be far more efficient than the current organisation. Strip out all the unnecessary administrators and managers.
We would end with something very similar to the German health service model.

Or we could end up with something more like the US system which is quite the opposite.

zagfles

steampowered wrote: »

I'm more worried about a Conservative government to be honest.

The pound has already dropped by about 30% under the Conservative government,

Due to Brexit

and they have utterly failed to deliver on promises regarding reducing the national debt.

Would you have preferred more austerity then? They also broke their promise to reduce the welfare bill by £12 billion.

cfw1994

SonOf wrote: »

The Labour policy is to try and arrange another deal with the EU and then to have a second referendum but campaign against that deal and support remain.

Effectively giving remainers a second chance to block Brexit and disregard the 2016 referendum result.

& whilst ignoring an advisory referendum never sits well with me.....that summary would, I imagine, clearly appeal to some 48% of the population straight off the bat!

In answer to the original question, what precautions to take...well, I’d be sure to be invested in “global” funds: with the UK around 6% of the worlds stock market, I view being heavily invested in that as a risk anyway. Some know I am a fan of the logic extolled by a smart fella on https://www.kroijer.com. Worth a listen to his short videos!

No need to move or live abroad to do that!
I personally still feel the UK is a pretty decent place to be, despite the political shambles that exists.....I quite enjoy having seasons, once one heads to Derbyshire or Wales or Cumbria or Yorkshire or IOW, or the South West, etc/etc, one has some beautiful countryside to visit.....whilst still having cities with top museums and attractions.

House? Well, not much one can do but be prepared for maybe higher Council taxes....but frankly, they have gone up by more than inflation under successive government, at times.

Cost of Living? Lower it. Cut your coat to suit your cloth. Reign in expensive things (nights out, endless cafe culture!). Shop cheaper (follow SeaShell’s lead ). Be proactive in reducing consumption. Learn to cook: tastes better, costs less. Eat less meat: I’m not full-on veggie, but family members are, and they are all great cooks now....it is a cheaper way to live!

Mental health? An often ignored challenge. Volunteer. Even if it is a day or two a month, help out somewhere. Mix it up.

Here endeth today’s sermon :rotfl:

zagfles

Voyager2002 wrote: »

Well done.

All my investments are out of the UK because of the damage inflicted by the Conservatives and of course Brexit uncertainty.

There'll be months more Brexit uncertaintly if Labour win. At least the Tories and LibDems want to end this farce asap.

jimi_man

steampowered wrote: »

I'm more worried about a Conservative government to be honest.

The pound has already dropped by about 30% under the Conservative government, and they have utterly failed to deliver on promises regarding reducing the national debt.

Rather a daft argument. The pound fell sharply as a result of the EU Referendum - which the UK public voted for. To lay that solely at the Conservative's door due to their economic policy is a little inaccurate.

Regarding the national debt, that's a tricky one and is not helped by people's lack of understanding of the terms 'debt' and 'deficit'. They inherited a debt that was rising rapidly following the 2008 crash (not totally due to the previous administration, though a lot was) and it continued to do so. To arrest the rise of the National debt requires reducing the deficit to zero immediately - an impossible task for any administration. To reduce the National debt requires a surplus, and there haven't been many of them over the years. However they did reduce the deficit to virtually zero and have been running a surplus in the odd month in 2018 and 2019.

In terms of the actual National Debt, the actual answer is yes they have reduced it. Inflation plus a small deficit/surplus has reduced the debt as percentage of GDP over the last year or so.

There still seems to be this focus on the National Debt amount, that people are obsessed about. It's not helped by even people like Cameron who doesn't understand the difference between Debt and Deficit when he was rebuked for saying that we were 'paying down Britain's debts'. If there is a deficit then the debt will continue to rise (in figures, though not necessarily in % of GDP), even if the deficit is reducing.

It's the deficit that needs to be kept under control and should be the focus.

waveydavey48

As a council house kid from Gateshead I should be a dead cert labour voter but I'm just about old enough to remember the unions running the country ("red robbo" in charge at British Leyland etc) and don't want a return to our country being a laughing stock.

The things we all value such as NHS, decent education, police etc all cost money and I just can't trust labour with the economy. When labour get it wrong again do we want them leaving any more notes for their successors saying, effectively "there's no money left, we've spent it all - ha-ha"?

Make sure your investments are globally diversified and keep everything crossed.

MaxiRobriguez

waveydavey48 wrote: »

As a council house kid from Gateshead I should be a dead cert labour voter but I'm just about old enough to remember the unions running the country ("red robbo" in charge at British Leyland etc) and don't want a return to our country being a laughing stock.

The things we all value such as NHS, decent education, police etc all cost money and I just can't trust labour with the economy. When labour get it wrong again do we want them leaving any more notes for their successors saying, effectively "there's no money left, we've spent it all - ha-ha"?

Make sure your investments are globally diversified and keep everything crossed.

The money was spent propping up capitalising the banks, an action taken by governments across the western hemisphere, left, right or centrist.

The Tories were elected on a promise that a short period of austerity would eliminate the deficit and allow us to pay down our debt. Ten years on, the debt has doubled, and despite making peoples lives harder most people have absolutely nothing to show for it.

We've probably done OK on here, because we're financially savvy and will have benefited from rising asset prices, but most of the country has missed out.

MaxiRobriguez

SonOf wrote: »

The Labour policy is to try and arrange another deal with the EU and then to have a second referendum but campaign against that deal and support remain.

Effectively giving remainers a second chance to block Brexit and disregard the 2016 referendum result.

I'm a leaver but I can't buy this, sorry.

The referendum result in 2016 was won with a lot of commentary about using the money saved to fund the NHS, an easy FTA, not paying the divorce bill, no custom checks etc etc.

What we have in front of now is very different to what was being discussed in 2016, so there is nothing unfair about a confirmatory vote, which outlines very clearly what the deal contains and what changes it will therefore have on the country.

If the 52% haven't changed their mind and like the proposed changes, they can vote it through again. If the majority has swung to a "actually prefer our current terms" then it was right to hold the vote as an exercise in finding out what the updated will of the people was.

I have sympathy with my peers who feel like it'll be a cop out, but the fault is not with the remainers or parliament, the fault was with holding an referendum in which the leave option wasn't defined.

So it's either that, or the softest of soft Brexits as a compromise option. Take your pick!