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Quote from: drfchound on September 03, 2020, 08:03:41 pmQuote from: Not Now Kato on September 03, 2020, 02:32:58 pmAnyone who voted Tory in the last election should hang their heads in shame foisting this lot of incompetents on us!In your opinion.I didn’t vote Tory by the way.Just curious, which of the current government, Sunak aside, looks vaguely competent to you?
Quote from: Not Now Kato on September 03, 2020, 02:32:58 pmAnyone who voted Tory in the last election should hang their heads in shame foisting this lot of incompetents on us!In your opinion.I didn’t vote Tory by the way.
Anyone who voted Tory in the last election should hang their heads in shame foisting this lot of incompetents on us!
Hound.We went through this in March. I made a bet that no-one on the Labour side would criticise Sunak for massively increasing the debt because it was correct economics.Have you heard anyone make that criticism on the Labour benches?Compare and contrast with the shameful, shameless, wrong and deeply damaging line that the Tories took in 2009, screaming Deficit Deniers when Labour (correctly) ran huge deficits in response to the GFC.I suspect your gut reaction will be that I'm playing politics. But I'm not. If that was my intention, why would I support what Sunak has done to date. Just stop and compare the two cases. In both cases the Chancellor did EXACTLY the textbook economic thing. In only one, the Opposition were a disgrace.
As Ken Rogoff himself puts it, "there's no question that the most significant vulnerability as we emerge from recession is the soaring government debt. It's very likely that will trigger the next crisis as governments have been stretched so wide."The latest research suggests that once debt reaches more than about 90% of GDP the risks of a large negative impact on long term growth become highly significant....We are forecast to break through 90% of GDP in just two years time.
Oh aye. And I haven't got a clue whether Sunak was directed by Johnson. I've not expressed any opinion on that so I've no idea why you are asking me.
Quote from: BillyStubbsTears on September 04, 2020, 11:17:04 amOh aye. And I haven't got a clue whether Sunak was directed by Johnson. I've not expressed any opinion on that so I've no idea why you are asking me.I’m asking you because you haven’t expressed an opinion on it, if you had done I wouldn’t have asked.
Looks like we've missed another rather important milestone.... https://twitter.com/i/events/1301551546510061570 Brexit - the gift that keeps giving! When will you leavers admit you got it wrong?
Quote from: drfchound on September 04, 2020, 11:23:05 amQuote from: BillyStubbsTears on September 04, 2020, 11:17:04 amOh aye. And I haven't got a clue whether Sunak was directed by Johnson. I've not expressed any opinion on that so I've no idea why you are asking me.I’m asking you because you haven’t expressed an opinion on it, if you had done I wouldn’t have asked.Right. So you ignore the substantive points about economics, question why I think I'm so clever, then ask me to comment on something I have zero interest in?
Sunak will abolish the Pension triple lock, because of Covid average earnings next year are predicted to rise by up to 25%, meaning that in April 2022 there is a potential 25% rise in the state pension, no way will a Tory Govt allow that, so they’ll abolish the triple lock, in reality it was n’t a triple lock at all was itP.S. keeping the triple lock was a Tory manifesto pledge
Quote from: Filo on September 04, 2020, 01:43:56 pmSunak will abolish the Pension triple lock, because of Covid average earnings next year are predicted to rise by up to 25%, meaning that in April 2022 there is a potential 25% rise in the state pension, no way will a Tory Govt allow that, so they’ll abolish the triple lock, in reality it was n’t a triple lock at all was itP.S. keeping the triple lock was a Tory manifesto pledgeWhere has it been said that wages will rise by 25% Filo?
Quote from: Janso on September 03, 2020, 08:52:33 pmQuote from: drfchound on September 03, 2020, 08:03:41 pmQuote from: Not Now Kato on September 03, 2020, 02:32:58 pmAnyone who voted Tory in the last election should hang their heads in shame foisting this lot of incompetents on us!In your opinion.I didn’t vote Tory by the way.Just curious, which of the current government, Sunak aside, looks vaguely competent to you?About as many as there are in each of the other Parties.
Quote from: drfchound on September 04, 2020, 01:51:26 pmQuote from: Filo on September 04, 2020, 01:43:56 pmSunak will abolish the Pension triple lock, because of Covid average earnings next year are predicted to rise by up to 25%, meaning that in April 2022 there is a potential 25% rise in the state pension, no way will a Tory Govt allow that, so they’ll abolish the triple lock, in reality it was n’t a triple lock at all was itP.S. keeping the triple lock was a Tory manifesto pledgeWhere has it been said that wages will rise by 25% Filo?https://inews.co.uk/news/uk/state-pension-triple-lock-sunak-pensions-manifesto-pledge-541947
Quote from: Filo on September 04, 2020, 02:07:01 pmQuote from: drfchound on September 04, 2020, 01:51:26 pmQuote from: Filo on September 04, 2020, 01:43:56 pmSunak will abolish the Pension triple lock, because of Covid average earnings next year are predicted to rise by up to 25%, meaning that in April 2022 there is a potential 25% rise in the state pension, no way will a Tory Govt allow that, so they’ll abolish the triple lock, in reality it was n’t a triple lock at all was itP.S. keeping the triple lock was a Tory manifesto pledgeWhere has it been said that wages will rise by 25% Filo?https://inews.co.uk/news/uk/state-pension-triple-lock-sunak-pensions-manifesto-pledge-541947It says 2.5%, not 25%.
I don't get this love affair with Sunak, surely he is just the mouthpiece for all the civil servants at the Treasury. It's not like he comes up with all these ideas himself
Quote from: Filo on September 04, 2020, 02:07:01 pmQuote from: drfchound on September 04, 2020, 01:51:26 pmQuote from: Filo on September 04, 2020, 01:43:56 pmSunak will abolish the Pension triple lock, because of Covid average earnings next year are predicted to rise by up to 25%, meaning that in April 2022 there is a potential 25% rise in the state pension, no way will a Tory Govt allow that, so they’ll abolish the triple lock, in reality it was n’t a triple lock at all was itP.S. keeping the triple lock was a Tory manifesto pledgeWhere has it been said that wages will rise by 25% Filo?https://inews.co.uk/news/uk/state-pension-triple-lock-sunak-pensions-manifesto-pledge-541947An artificial increase though Filo.Not everyone was furloughed either were they?
Possibly use.
Quote from: drfchound on September 04, 2020, 06:41:49 pmPossibly use.You are arguing for arguings sake, the figure they will use if the triple lock is not abolished will be the rise in average earnings, whatever that may be, but it is currently forecast to be 25%