What happens to the FTSE if the UK becomes Socialist?

dividendhero

Thrugelmir wrote: »

The East isn't up todate. Even if Berlin hits the headlines. Many in the East moved West for work.

Ditto many parts of the UK, especially in the North of England where Leeds & Manchester have been spoon fed tax money while whole swathes of the region are turning into economic wastelands

talexuser

The power of the printed press is declining, a worry for the future is manipulation of digital social media through personal info databases we may have no idea about. If Trump only watches Fox News that is bad for democracy, but if the conglomerate (or even the foreign country behind or in ally with Fox News) knows who to bombard with fake news online just before an election, it could mean democracy is successfully manipulated against the interests of the population.

John_Smith_2019

talexuser wrote: »

The power of the printed press is declining, a worry for the future is manipulation of digital social media through personal info databases we may have no idea about. If Trump only watches Fox News that is bad for democracy, but if the conglomerate (or even the foreign country behind or in ally with Fox News) knows who to bombard with fake news online just before an election, it could mean democracy is successfully manipulated against the interests of the population.

Online targeted advertising (for political parties and commercial sales) is going to increase in the future. It's the basic business model for Facebook.

Eco_Miser

John_Smith_2019 wrote: »

maybe just stick to funds and not sell, to avoid getting hit.

talexuser wrote: »

Not selling doesn't get you richer in the future, unless you want to pass it all on, in which case another policy of scrapping the home allowance for IHT to children and replacing it with a lifetime gift allowance much less than the existing IHT threshold will mean many thousands extra in IHTax for those passing on anything above a tiny home plus some pittance in inheritance money.

Or you might just hang on until the Tories get in again, and tax allowances zoom up, and tax rates drop.

John_Smith_2019

One point that no one has yet raised on this thread is that investing outside your own domestic market can also have political risk.

In the past governments have prohibited their citizens owning the shares of foreign companies.
The UK did this around 1940. UK Investment Trusts were forced to sell their US shares and convert the proceeds to sterling.
Trump has also started talking about doing this with Chinese shares.

I'm not saying this is likely, but a watered down version of such a policy (eg increased tax on foreign shares, not allowing them in ISAs or SIPPs etc) could be on the cards as a soft version of capital controls.

Brian65

English politics has been moving to the right over the last 40 years so we see Labour as left wing. But when you look at their policies they are only about the same as the rest of the EU.
Wheras the 'f*ck business' party has been very good for the great landowners - especially those who want to avoid tax on their unearned wealth
But not that good for business and the FTSE

DairyQueen

Brian65 wrote: »

English politics has been moving to the right over the last 40 years

Wrong. Uk politics has been moving to the middle of the political spectrum since the Thatcher years. Major was to the right of liberal and Blair middle to the left. Nobody could accuse Cameron as being hard-right, ditto May.

MaxiRobriguez

DairyQueen wrote: »

Wrong. Uk politics has been moving to the middle of the political spectrum since the Thatcher years. Major was to the right of liberal and Blair middle to the left. Nobody could accuse Cameron as being hard-right, ditto May.

Socially more liberal but economically things have definitely moved to the right, including under Blair.

DairyQueen

MaxiRobriguez wrote: »

Socially more liberal but economically things have definitely moved to the right, including under Blair.

I can tell that you have never lived in a right-wing economy. By the standards of the US (even under Obama), or Taiwan, or Hong Kong, our economic system has remained moderate.

Brian65

DairyQueen wrote: »

By the standards of the US (even under Obama), or Taiwan, or Hong Kong, our economic system has remained moderate.

True - but I was comparing us with the rest of the EU. Which might explain why this Government shuns our European neighbours and sucks up to Trump?