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Tories in chaos

Tories in chaos

Old Mar 20th 2020, 8:15 pm
  #7651  
 
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Default Re: Tories in chaos

Originally Posted by BuckinghamshireBoy View Post
What Steve just said.



Yes, Steve, I wish you would just go back to being Steve.

I don't see any way to inject money in this way that will not cause inflation. Damned if they do and damned if they don't, at this point.

There is plenty they should have done in the past, like not strip the NHS to the bone, but it's too late for that now. I do hope that when all this is over that the gen pop will force reinvestment in this an other services now that they've seen the fallout so glaringly.
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Old Mar 20th 2020, 8:28 pm
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Default Re: Tories in chaos

Doesn't have to end in hyper-inflation, though.

I think we might have been slaves to low inflation for rather too long. It's good to see a government of this stripe admitting there is, after all, room for manoeuvre when in a tight spot
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Old Mar 20th 2020, 9:13 pm
  #7653  
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Default Re: Tories in chaos

Originally Posted by The.Ghost.of... View Post
I'd like to know how it'll prevent hyper inflation Lion. The Tories spent a decade quantitatively-easing, by electronically printing money into the banks, whilst making sure no support went into the general economy, under 'good' austerity...... NOW they're pumping loans and from today direct support to businesses (many of them Zombie businesses who operate zero-hours contracts at barely minimum wages and whose workers have to supplement by working-tax credits.). Once again, the money supports the employers to support the status-quo, but not directly to the employee.
I'm no financier, but if money is constantly being injected in this way, without direct contact to where it's needed and for those who need it, isn't the UK building up an unsustainable pressure-point, which when the virus abates, can only produce hyper-inflation?
Sunak can announce what he likes when that happens, but he can't recall the money.... because it's sitting on zombie balance sheets, and been directed to the wrong place.
Hyper-inflation or a Big-Bang..... No other outcome imo.
Time for a Universal Basic Income.
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Old Mar 20th 2020, 9:29 pm
  #7654  
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Default Re: Tories in chaos

Originally Posted by Red Eric View Post
Doesn't have to end in hyper-inflation, though.

I think we might have been slaves to low inflation for rather too long. It's good to see a government of this stripe admitting there is, after all, room for manoeuvre when in a tight spot
I stand lower on the ladder of optimism, I currently feel that any rooms are virtual ones.

But then, like Steve, I'm no financier, I just read a lot of different stuff and try and make some sense of it.

Last edited by BuckinghamshireBoy; Mar 20th 2020 at 9:31 pm. Reason: Injecting "currently"...
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Old Mar 20th 2020, 9:38 pm
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Default Re: Tories in chaos

shhhhh.... don't keep sayimg "Steve".

He's incognito
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Old Mar 20th 2020, 9:40 pm
  #7656  
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Default Re: Tories in chaos

Originally Posted by Red Eric View Post
shhhhh.... don't keep sayimg "Steve".

He's incognito
Sorry boss.

Sorry Steve.
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Old Mar 22nd 2020, 7:11 am
  #7657  
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Default Re: Tories in chaos

Originally Posted by Lion in Winter View Post
What's the verdict on Sunak's stimulus/support package? There's a lot in there, and it's obviously more than any government has done in a very long time, for obvious reasons. I want to give him some credit. Are they the right things, and is it enough?
Double-donkey-dare you to give a Tory credit.
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Old Mar 22nd 2020, 12:43 pm
  #7658  
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Default Re: Tories in chaos

Originally Posted by Scamp View Post
Double-donkey-dare you to give a Tory credit.
I'll give them credit for having a keen sense of survival.
Sooner or later, this health crisis will end and they don't want to be left holding the baby as the government who trashed the economy.
I'll give all parties credit for actually working together to overcome the immediate issues - although there still seem to be some Raabid dogs out there.
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Old Mar 22nd 2020, 3:03 pm
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Default Re: Tories in chaos

Talking of rabid dogs, true or false?
The report claimed that at one private event at the end of February, Cummings outlined then government’s strategy at the time in a way that was summarised by some present as “herd immunity, protect the economy, and if that means some pensioners die, too bad.”...

...According to the Sunday Times report, the key moment came on 12 March when a group of government experts gathered to examine modelling of the spread of the virus carried out by academics at Imperial College London and elsewhere.

This predicted that if no action was taken more than half a million people would die, and that even some limited mitigation efforts would only halve this. The Sunday Times report said this changed the mind of Cummings, who before had been an adherent of the herd immunity idea.

After the 12 March meeting, Cummings changed his view and became one of the strongest advocates in government for tough restrictions to curb the spread of the virus, the Sunday Times said. It quoted one anonymous senior Conservative as saying: “He’s gone from ‘herd immunity and let the old people die’ to ‘let’s shut down the country and the economy’.”
No 10 denies claim Dominic Cummings argued to 'let old people die'
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Old Mar 22nd 2020, 3:06 pm
  #7660  
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Default Re: Tories in chaos

Originally Posted by Red Eric View Post
Looks like the choice now in the UK is Socialist or Sociopath.
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Old Mar 22nd 2020, 3:08 pm
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Default Re: Tories in chaos

Originally Posted by Scamp View Post
Double-donkey-dare you to give a Tory credit.

I've been trying, and in truth do like some of what has just been done, particularly the support in paying wages. I'm having trouble with Johnson talking about the NHS being overwhelmed though, when his party has been systematically stripping and dismantling it for the last 10 years.

I'm hoping that once this is all over, people will better understand what the role of government should be in the NHS, etc.
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Old Mar 22nd 2020, 3:40 pm
  #7662  
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Default Re: Tories in chaos

Originally Posted by macliam View Post
Looks like the choice now in the UK is Socialist or Sociopath.
And Isolationism in every sense.
When this pandemic is over, I think it's more-than-likely Scotland will simply take it's leave of the UK. After all, if they, and the rest of us are to be treated by a daily propaganda exercise from London, featuring someone who's main interest seems to be looking important and speaking in Visions, the subliminal message really is the one Cummings is accused of.
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Old Mar 23rd 2020, 5:49 am
  #7663  
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Default Re: Tories in chaos

Originally Posted by Lion in Winter View Post
I've been trying, and in truth do like some of what has just been done, particularly the support in paying wages. I'm having trouble with Johnson talking about the NHS being overwhelmed though, when his party has been systematically stripping and dismantling it for the last 10 years.

I'm hoping that once this is all over, people will better understand what the role of government should be in the NHS, etc.
Close enough for me.
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Old Mar 23rd 2020, 11:05 am
  #7664  
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Default Re: Tories in chaos

Originally Posted by Lion in Winter View Post
.

I'm hoping that once this is all over, people will better understand what the role of government should be in the NHS, etc.

It should be more like a ship the captain doesn’t hold the wheel he/she doesn’t fix the engine but they guide the people that do these things.

The captain goes down with the ship. Although these days some of them run away.
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Old Mar 23rd 2020, 11:17 pm
  #7665  
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Default Re: Tories in chaos

Originally Posted by Lion in Winter View Post
I've been trying, and in truth do like some of what has just been done, particularly the support in paying wages. I'm having trouble with Johnson talking about the NHS being overwhelmed though, when his party has been systematically stripping and dismantling it for the last 10 years.

I'm hoping that once this is all over, people will better understand what the role of government should be in the NHS, etc.
And when you say "systematically stripping and dismantling it" you of course mean "above inflation growth in the NHS budget" right?


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