That four page wraparound on the front of last week's Chronicle. Major Dan increased his majority! Would love to see their circulation figure this week!
Penistone & Stocksbridge was a close run thing, with Angela Smith hanging on. Had the UKIP candidate stood aside, I suspect Nicola Wilson would have won this seat. http://www.bbc.co.uk/news/politics/constituencies/E14000876
Mute point but according to the figures below Cons actually increased their percentage vote. However, that is distorted by the fact that UKIP lost 13.2% from 2015 and Labour picked up most of theirs when Cons expected that the votes would pass to them. Statistics eh? However you slice and dice it (I admit to voting Conservative) Corbyn has run a very good campaign and my opinion of him went up a few notches everytime I saw him speak on TV and Internet. Then again when Blair was elected I thought he was goping to be a breath of fresh air and look what happened. May has been an ineffectual disaster and the thought of her negotiating Brexit makes me shudder. Whilst I like 80% of what Corbyn says there are two showstoppers for me. 1 His front bench -Thornberry, O'Donnell and Abbott! Really! 2 In spite of many economists stating his manifesto is feasible, his own press secretary stated the full details and costings have yet to be worked out. IF he was to carry out his pledges there is a huge hole in his budget that means the deficit will rise and therefore so will the National debt just as its was falling under the current Govt . Renationalising power for example, which is largely owned by foreign companies will cost huge sums to buy back. Furthermore you must factor in the drop in the value of sterling (good for exporters bad for the rest of us given we are net importers) that occurs when Labour get into power. It has dropped 2 cents already against the Euro (albeit due partly to uncertainty but some stuff in the Labour manifesto is causing concerns in business circles. Although I did vote Conservative I did so with little enthusiasm as they seemed to offer endless austerity and cutbacks and privatisations The former IMHO is necessary if we are ever going to make inroads into the National debt and the huge interest payments the UK has to make as a result. That would have been tolerated by the Public if it had been as promised - 'short term pain for long term gain' but it has become like the end of the rainbow - unreachable and austerity under the unqualified Osborne failed abysmally. In spite of all the above, my reaction to the result either way was always going to be "Meh!!" The moon will still come up at night, the world will keep on turning and the sun will continue to shine, people will still have to eat, have kids and and we will all eventually die so in the grand scheme of things life is too short to get worked up about it. Everyone chill out and enjoy your day. I know I will even if I am a little poorer as a result. Vote share change since 2015 −% +% CONConservative +9.1 LABLabour +8.2 LDLiberal Democrat -0.7 EDEnglish Democrats -0.8 GRNGreen Party -1.1
Just one point. The National debt is just one big lie, or should I say the paying back of it. Our currency is put into circulation by the bank of England, they charge interest on this money. That means that for example, they issue £100 of new currency, they give it to the government to spend as it sees fit, but they want interest back on that £100. So there comes a point where every single pound in circulation has a certain percentage of debt attatched to it. This makes the national debt impossible to pay off as your trying to pay it off with endebted currency.
Maybe the chron sacrificed the little reputation it had left for the greater good. In publicising the Tories, it ensured that Labour became stronger in Barnsley. Sent from my WAS-LX1A using Tapatalk
IF he was to carry out his pledges there is a huge hole in his budget that means the deficit will rise and therefore so will the National debt just as its was falling under the current Govt . [/QUOTE] The National Debt is definitely not falling and the current government have missed all their targets to reduce the deficit.
**** me- someone TAKES money from the Tories which helps keep a local business going - keeps local people employed. it has no impact and still folk aren't happy A news paper is for advertising. This was an advert. It wasn't the chron telling you to vote tory. FFS
Err no! Example National Debt represents the total amount the government owe the private sector. National debt builds up because the government spend more than they receive in tax. Foreign or External debt represents the amount a country (both public and private sector) owe to other countries. So they are different things. The UK measure of National debt is termed the public sector borrowing requirement. Some of the National debt is financed by selling bonds to oversees investors. But, most of the UK National debt is bought by domestic financial institutions. on June 2009, UK public sector debt stood at £798.8 billion (or 56.6% of GDP) What is the UK External Debt? The UK External Debt – Gross is £6,290 bn (this is roughly 430% of GDP) (of which only £26bn is owed by General government). The biggest balance is the banking sector which owes nearly £4,000 bn. These banking liabilities should be cancelled out by an equal amount of foreign assets.
The National Debt is definitely not falling and the current government have missed all their targets to reduce the deficit.[/QUOTE] FFS Another one who mistakes the national debt for deficit. The Government CANNOT bring down the National debt until we are in surplus. They have massively reduced the monthly deficit but it is still just that - a deficit . The objective is to pay off more each moth than you are spending so you bring the balance down. Like any other loan, the bigger the balance tghe more money (in this case taxpayers money) goes out in interest payments. The deficit is at its lowest since 2008 (150bn down to 52 bn) Get it?
Good morning Tekktyke. Hope it's bright and sunny in your part of the EU! Kaht Junior (the younger) has just returned from a honeymoon tour of Naples, Capri and Pompeii (not necessarily in that order!). You raise many interesting points, and it would take a while to discuss them all with you. I think the drop in the pound is more about uncertainty than Labour's plans - even the more optimistic polls didn't actually envisage them getting into power, and the exit poll and final result doesn't either. The drop may well reverse if it emerges that a softer Brexit is on the cards. Too much to hope for of course that the original disastrous decision (the consequences of which are becoming more apparent by the day) could be reversed. But short of that, continued trade with some form of access to the single market and/or the customs union would make things look a lot rosier on the economic front. That would involve ceding some ground on free movement, but with M. Ganaye starting work at Oakwell on Monday that might not be a bad thing! Hope you have a grand day in the Tuscany sun!
Point 2 is just ******** many economists were saying Labour's policies were just what the economy needs obviously if you are in a business that's an unpatriotic tax dodging zero contract imposing one , you will be concerned
FFS Another one who mistakes the national debt for deficit. The Government CANNOT bring down the National debt until we are in surplus. They have massively reduced the monthly deficit but it is still just that - a deficit . The objective is to pay off more each moth than you are spending so you bring the balance down. Like any other loan, the bigger the balance tghe more money (in this case taxpayers money) goes out in interest payments. The deficit is at its lowest since 2008 (150bn down to 52 bn) Get it?[/QUOTE] Did you actually read what I posted? I said the National Debt is not falling, which you agreed with, and said the current government have missed all their targets to reduce the deficit. You know the deficit that was meant to be 0 by 2015, and 2020, and I believe 2025 is the current prediction. It is lower than it was, but not as low as they aimed to get it. So obviously, the debt will increase while the deficit is still there like it has done every year since the early 2000s. Not an economist, but given that we have a fixed currency. isn't the national debt equal to the amount of money held by individuals and organisations rather than the state? So the only way to decrease national debt is to take money off people, and increasing the national debt will increase the amount of money that is available for them to hold...
Did you actually read what I posted? I said the National Debt is not falling, which you agreed with, and said the current government have missed all their targets to reduce the deficit. You know the deficit that was meant to be 0 by 2015, and 2020, and I believe 2025 is the current prediction. It is lower than it was, but not as low as they aimed to get it. So obviously, the debt will increase while the deficit is still there like it has done every year since the early 2000s. Not an economist, but given that we have a fixed currency. isn't the national debt equal to the amount of money held by individuals and organisations rather than the state? So the only way to decrease national debt is to take money off people, and increasing the national debt will increase the amount of money that is available for them to hold...[/QUOTE] I dont get your point in para 2. Most of the debt is held by foreign investors/countries so each interest payment is money flowing out of the that could be spent on other things like the NHS. Like any debt the more you owe the higher the interest payments. If you can get into surplus you can use that to reduce the overall capital sum owed. Also a stronger economy improves credit rating so that when you DO have to borrow as a country e.g. selling short /medium term bonds the yield you have to give is lower i.e. you get the funds at a lower rate of interest. There is no way that increasing national debt benefits a country.
I am not talking about the deficit OR national debt. Im talking about the creation and issuance of the currency. Nobody likes a smart-arse.
In my opinion Thornberry could give a pink and a black start to any Tory I'm aware of. Very clever (and telegenic) lady.
