07-06-2017, 21:02
|
#1021
|
[NTHW] pc clan
Join Date: Jun 2003
Location: Tonbridge
Age: 56
Services: Amazon Prime Video & Netflix. Deregistered from my TV licence.
Posts: 21,950
|
Re: June 8th General Election
If Corbyn wins, the markets will be in full-scale panic
Quote:
Once global investors look at the implications of that, they won’t like it at all. Labour’s ‘Robin Hood’ tax will devastate financial services, one of our largest exporters and employers. It will do far more damage than leaving the EU. After all, why pay a tax on trading shares in London when you can simply side-step it by trading them elsewhere? Higher corporation taxes, and controls on executive pay, will drive companies out of the country, and probably to a far greater extent than leaving the Single Market. It may not be to everyone’s taste, but for forty years the UK’s key competitive advantage has been that it is a relatively low tax, lightly regulated place to base a company. If that is reversed, businesses won’t stick around. Finally, a massive splurge in public spending will end up being paid for with printed money, largely because all those ‘fully-costed’ tax rises won’t actually turn out to bring in much cash. And that will hit sterling, and share prices.
The historical record suggests far-left governments are terrible for the markets. The minority Labour government led by Harold Wilson from February and October 1974 – the one where Denis Healey famously promised to ‘squeeze the rich until the pips squeak’ – saw a 50 per cent fall in the London market (although, in fairness, all kinds of terrible stuff was happening to the global economy that year). Clement Attlee’s government of 1945 to 1951 might be lionised on the left for its creation of the welfare state, but there was not a lot of wealth creation going on to pay for it all. It presided over a 7.5 per cent fall in share prices, while the Dow Jones index in the US almost doubled in the same period.
Under Jeremy Corbyn and John McDonnell, what should we expect? In reality, there will be a sudden sharp correction, simply on the shock of the result, followed by a long, painful decline as the competitiveness is drained out of the economy.
|
__________________
Step by step, walk the thousand mile road...
-----------------------------------------------------
|
|
|
07-06-2017, 21:10
|
#1022
|
Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,271
|
Re: June 8th General Election
I think what happens after will be interesting. Is there now a new divide in the country? Brexit seems to have settled but there seems to be a great deal of anger and division over issues like inequality and public services. Basically austerity.
It's something I don't think the Conservatives banked on when May called it and whilst they'll almost certainly win, and IMO with a nice majority, I think there will be lingering resentment over those issues and the way the campaign happened. May will win because of Corbyn but I see her becoming unpopular.
And will that mean May has to deal with the Brexit talks whilst contending with a backlash against Austerity? Is so does that impact upon the talks themselves?
|
|
|
07-06-2017, 21:17
|
#1023
|
cf.mega poster
Join Date: Dec 2013
Posts: 14,283
|
Re: June 8th General Election
Quote:
Originally Posted by Damien
I think what happens after will be interesting. Is there now a new divide in the country? Brexit seems to have settled but there seems to be a great deal of anger and division over issues like inequality and public services. Basically austerity.
It's something I don't think the Conservatives banked on when May called it and whilst they'll almost certainly win, and IMO with a nice majority, I think there will be lingering resentment over those issues and the way the campaign happened. May will win because of Corbyn but I see her becoming unpopular.
And will that mean May has to deal with the Brexit talks whilst contending with a backlash against Austerity? Is so does that impact upon the talks themselves?
|
If there was another Labour leader who kept came across as more pro-British (for the army, NHS and Royal Family), kept Corbyn's popular policies (renationalise the utilities, railways and end austerity) and more strongly against immigration then I reckon we'd be seeing a huge Labour landslide. As it is, I see the Conservatives winning by 70 seats especially as the under 25s seem unlikely to start voting as much as the pensioners.
|
|
|
07-06-2017, 21:32
|
#1024
|
Inactive
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
|
Re: June 8th General Election
Too many people vote for what suits their short term interests rather than the long term good of fhe country, That's why our glorious leaders tend towards promising more whilst taxing us less.
Last edited by Osem; 07-06-2017 at 21:57.
|
|
|
07-06-2017, 22:27
|
#1025
|
Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,271
|
Re: June 8th General Election
Quote:
Originally Posted by Osem
Too many people vote for what suits their short term interests rather than the long term good of fhe country, That's why our glorious leaders tend towards promising more whilst taxing us less.
|
Quite but it still might be that the government have misjudged how willing people are to put up with their own decline of living standards in the name of the long term especially when the burden isn't perceived to be shared and the long term goal rather abstract.
|
|
|
07-06-2017, 22:34
|
#1026
|
Trollsplatter
Cable Forum Team
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 37,032
|
Re: June 8th General Election
https://order-order.com/2017/06/07/f...e-lead-tories/
The average of tonight's polls puts the Tories 8 points ahead. Even Yougov has given them a lead of 7.
|
|
|
07-06-2017, 22:42
|
#1027
|
cf.mega poster
Join Date: Sep 2007
Posts: 16,325
|
Re: June 8th General Election
All these predictions are a waste of time in this day and age.
they don't know who he and she are going to be voting tomorrow.
but they will be voting for the party that they feel has done them no wrong. hasn't brought poverty to this country. and isn't seen as nasty.
but what they should know is that people will be voting for a reason.
and that reason is up there.
Theresa doesn't want to win anyway. that's why she called the election.
she isn't strong enough. she's old and weak.
and very wobbly.
Last edited by Gary L; 07-06-2017 at 22:46.
|
|
|
07-06-2017, 23:08
|
#1028
|
cf.mega poster
Join Date: Dec 2013
Posts: 14,283
|
Re: June 8th General Election
|
|
|
07-06-2017, 23:31
|
#1029
|
cf.mega poster
Join Date: Jun 2010
Location: Jarrow Tyne & Wear
Services: V.I.P 120 tivo and v+
Posts: 5,808
|
Re: June 8th General Election
|
|
|
07-06-2017, 23:43
|
#1030
|
cf.mega poster
Join Date: Dec 2013
Posts: 14,283
|
Re: June 8th General Election
lol
|
|
|
08-06-2017, 00:03
|
#1031
|
Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,863
|
Re: June 8th General Election
I guess that might be funnier if I had any clue who that [man] is.
__________________
Baby, I was born this way.
|
|
|
08-06-2017, 00:05
|
#1032
|
cf.mega poster
Join Date: Jun 2010
Location: Jarrow Tyne & Wear
Services: V.I.P 120 tivo and v+
Posts: 5,808
|
Re: June 8th General Election
Quote:
Originally Posted by Paul M
I guess that might be funnier if I had any clue who that [man] is.
|
it Rupert Murdoch
|
|
|
08-06-2017, 00:24
|
#1033
|
cf.mega poster
Join Date: Dec 2013
Posts: 14,283
|
Re: June 8th General Election
This is the election humour moment!
“You’ll get accountability, with Conservative delivery/Make sure this time you get it right/Vote for Greg Knight”
http://www.nme.com/blogs/nme-blogs/c...tridge-2084845
|
|
|
08-06-2017, 01:15
|
#1034
|
cf.mega pornstar
Join Date: Jan 2006
Posts: 18,819
|
Re: June 8th General Election
Quote:
Originally Posted by Paul M
I guess that might be funnier if I had any clue who that [man] is.
|
That man is Theresa May....
The elderly looking puppet master is digger murdoch
|
|
|
08-06-2017, 05:56
|
#1035
|
Grumpy Fecker
Join Date: Jul 2007
Location: Warrington
Age: 64
Services: Every Weekend
Posts: 16,774
|
Re: June 8th General Election
Quote:
Originally Posted by Dave42
it Rupert Murdoch
|
Who
---------- Post added at 05:56 ---------- Previous post was at 05:55 ----------
Quote:
Originally Posted by TheDaddy
That man is Theresa May....
The elderly looking puppet master is digger murdoch
|
Now i see
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT +1. The time now is 22:35.
|