Westminster Politics

He's a relic from a bygone era. Explains why his kids are Liverpool fans I guess.
They enjoy football as much as I enjoy documentaries about Edwardian Textile Manufacturing, which is probably more their sort of thing.

"You're not singing anymore, because your plant was closed for the afternoon after four plant workers had their hands lobbed of by a loose fanbelt therefore halting your production for the rest of the day harrumph!"
 
♩I personally doubt that you will ever ambulate in an atmosphere of solitude♩
 
I genuinely have no idea where you are getting those figures from. According to any reliable source I can find (ONS, Bloomberg, FT) the deficit was 9bn at the beginning of the 1997 year (~6b at election time), then +1 in 1998 and reached +16 in 2000 before swinging very quickly back to an even larger deficit, accompanied by a 20-30% increase in public sector employment.

As for what did Blair's government do to deregulate the market? The FSA was effectively created to allow finance to regulate themselves, ie not regulate themselves at all. Most of the board were ex-finance and the employees were well known for not having a clue about the financial products they were supposed to be controlling. It was a calculated move to let the banks fund the massive spending plans.

Anyway, that's enough of this for me. You need to read something other than The Guardian for a change.

Why a collation from the treasury figures of course:

24x2t4x.jpg


I don’t read any papers but clearly you do since all you’ve come up with is soundbites.

As I said in the first post Blair governments didn’t do enough to advance regulation probably because the sector had grown too big and too powerful by that time but they didn’t deregulate that was Thatchers government.

You’re welcome to bring any deregulation they enacted the fact you haven’t so far just goes to show there isn’t any.
 
The office of Rees-Mogg has released a copy of the letter they sent to Liverpool F.C. after his family's recent visit to watch their beloved team play.

'Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons and family requests that Liverpool Football Club change the following erroneous terminology that was encountered during their recent visit;

The grammatical error in the term "Anfield" must be corrected to "A Field".

Please ensure that all further correspondences contain Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons' full title, which is Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons.'


This publication could not reach Mr Jacamo for a response, so we have stretched our search further anfield.
 
The office of Rees-Mogg has released a copy of the letter they sent to Liverpool F.C. after his family's recent visit to watch their beloved team play.

'Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons and family requests that Liverpool Football Club change the following erroneous terminology that was encountered during their recent visit;

The grammatical error in the term "Anfield" must be corrected to "A Field".

Please ensure that all further correspondences contain Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons' full title, which is Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons.'


This publication could not reach Mr Jacamo for a response, so we have stretched our search further anfield.
:lol:
 
The office of Rees-Mogg has released a copy of the letter they sent to Liverpool F.C. after his family's recent visit to watch their beloved team play.

'Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons and family requests that Liverpool Football Club change the following erroneous terminology that was encountered during their recent visit;

The grammatical error in the term "Anfield" must be corrected to "A Field".

Please ensure that all further correspondences contain Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons' full title, which is Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons.'


This publication could not reach Mr Jacamo for a response, so we have stretched our search further anfield.
:lol:
 
The office of Rees-Mogg has released a copy of the letter they sent to Liverpool F.C. after his family's recent visit to watch their beloved team play.

'Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons and family requests that Liverpool Football Club change the following erroneous terminology that was encountered during their recent visit;

The grammatical error in the term "Anfield" must be corrected to "A Field".

Please ensure that all further correspondences contain Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons' full title, which is Jacob William Rees-Mogg Esq., M.P., Leader of the House of Commons.'


This publication could not reach Mr Jacamo for a response, so we have stretched our search further anfield.

Absolute Gold Pidge :lol:
 
Why a collation from the treasury figures of course:

24x2t4x.jpg


I don’t read any papers but clearly you do since all you’ve come up with is soundbites.

As I said in the first post Blair governments didn’t do enough to advance regulation probably because the sector had grown too big and too powerful by that time but they didn’t deregulate that was Thatchers government.

You’re welcome to bring any deregulation they enacted the fact you haven’t so far just goes to show there isn’t any.

Well wherever you've found that chart, it's wrong.

I thought it was fairly obvious the creation of the FSA was deregulation, but maybe not. To be more obvious then, eliminating the capital and risk limits put in place in the early 90s that allowed people to get 100%+ mortgages and loans. Reducing the amount of cash banks needed to maintain. Allowing banks to trade massively leveraged products that were being banned everywhere else. Allowing the BoE to independently control interest rates and inflation. I could go on.

I mean when the actual chancellor who did all this comes out and says he regretted allowing so much deregulation, you'd think that would be enough for you...
 
Well wherever you've found that chart, it's wrong.

I thought it was fairly obvious the creation of the FSA was deregulation, but maybe not. To be more obvious then, eliminating the capital and risk limits put in place in the early 90s that allowed people to get 100%+ mortgages and loans. Reducing the amount of cash banks needed to maintain. Allowing banks to trade massively leveraged products that were being banned everywhere else. Allowing the BoE to independently control interest rates and inflation. I could go on.

I mean when the actual chancellor who did all this comes out and says he regretted allowing so much deregulation, you'd think that would be enough for you...
I have never heard anyone who didn't think Brown making the Bank of England independent wasn't a step forward before. I daresay you could drag up an article or two supporting the notion but it's about as minority an opinion as you could get really.
 
I have never heard anyone who didn't think Brown making the Bank of England independent wasn't a step forward before. I daresay you could drag up an article or two supporting the notion but it's about as minority an opinion as you could get really.

Not saying it was a bad thing, especially after the high profile feck ups theyd just had. It was still a form of deregulation though.
 
Well wherever you've found that chart, it's wrong.

I thought it was fairly obvious the creation of the FSA was deregulation, but maybe not. To be more obvious then, eliminating the capital and risk limits put in place in the early 90s that allowed people to get 100%+ mortgages and loans. Reducing the amount of cash banks needed to maintain. Allowing banks to trade massively leveraged products that were being banned everywhere else. Allowing the BoE to independently control interest rates and inflation. I could go on.

I mean when the actual chancellor who did all this comes out and says he regretted allowing so much deregulation, you'd think that would be enough for you...

Yeah sure if you say so.

Capital and risk limits were eleminated by the Thatcher government in the 80s when investments banks were allowed to merge with retail banks which meant they could use customer money as they pleased.

Gordon Brown admitted that he should have regulated banks even more than they did, not that they deregulated them. He said that they thought failure would come from a single institution this is why they set up the FSA to monitor banks individually rather than the system as a whole because they did not understand the global entanglement. This is what I maintained from the first post that they weren't tough enough. George Osborne for the enteirity of his opposition as shadow chancellor was an advocate of deregulation and criticised Labour for being too tough on banks. Imagine if he was chancellor :wenger:

To spell it out more plainly for you they did not remove regulation (this is what deregulation means), that was done by the Thatcher government, they recognised it as an issue and this is why they set up the FSA however they were not as tough as it was required in introducing further regulation to the sector.
 
Yeah sure if you say so.

Capital and risk limits were eleminated by the Thatcher government in the 80s when investments banks were allowed to merge with retail banks which meant they could use customer money as they pleased.

Gordon Brown admitted that he should have regulated banks even more than they did, not that they deregulated them. He said that they thought failure would come from a single institution this is why they set up the FSA to monitor banks individually rather than the system as a whole because they did not understand the global entanglement. This is what I maintained from the first post that they weren't tough enough. George Osborne for the enteirity of his opposition as shadow chancellor was an advocate of deregulation and criticised Labour for being too tough on banks. Imagine if he was chancellor :wenger:

To spell it out more plainly for you they did not remove regulation (this is what deregulation means), that was done by the Thatcher government, they recognised it as an issue and this is why they set up the FSA however they were not as tough as it was required in introducing further regulation to the sector.

And all those things Thatcher removed were mostly reinstated in the 90s after a series of high profile screw ups. Brown reversed almost all of them.
 
And all those things Thatcher removed were mostly reinstated in the 90s after a series of high profile screw ups. Brown reversed almost all of them.

What are you even talking about what was reinstated and what was reversed? Investment banks were still operating with customers money rather than their own. The housing bubble , one of the biggest contributors to the crash, was also started by Thatchers right to buy. You just keep waffling soundbites with no substance or any shed of proof. Are you Boris Johnson? :lol:

I told you to educate yourself with the "Big Bang" as you seem to have no clue especially since you're in the finance industry :lol:
 
What are you even talking about what was reinstated and what was reversed? Investment banks were still operating with customers money rather than their own. The housing bubble , one of the biggest contributors to the crash, was also started by Thatchers right to buy. You just keep waffling soundbites with no substance or any shed of proof. Are you Boris Johnson? :lol:

I told you to educate yourself with the "Big Bang" as you seem to have no clue especially since you're in the finance industry :lol:

After things like Barings Bank and the ERM mess a lot of regulations were put in place, and a lot of those were then removed by Brown.

I'm talking about deregulation of the financial markets anyway. You asked for examples, now you've been given them you're waffling on about Thatcher and totally unrelated right to buy schemes. Maybe best to leave it here.
 
Well wherever you've found that chart, it's wrong.

It's a simplified version of the one on the ONS's own website (Chapter 4, figure 4). The absolute figures in Grib's chart are wrong, but then it seems so are yours. The 9.1bn figure is from 1997-98. The 1996-97 figure is listed as £27.7bn. In terms of %gdp net borrowing was still lower than that inherited from the the Major government as late as 2007-08. Here's the chart:

resource

You can download the xls spreadsheet yourself if you want (This is a directly downloadable link).
 
It's a simplified version of the one on the ONS's own website (Chapter 4, figure 4). The absolute figures in Grib's chart are wrong, but then it seems so are yours. The 9.1bn figure is from 1997-98. The 1996-97 figure is listed as £27.7bn. In terms of %gdp net borrowing was still lower than that inherited from the the Major government as late as 2007-08. Here's the chart:

resource

You can download the xls spreadsheet yourself if you want (This is a directly downloadable link).


I just went back to the source there was a footnote there saying the chart above was adjusted for inflation at 2011/12 prices so actual borrowing/surplus in terms of money was lower but percentages of GDP were correct. Thanks

After things like Barings Bank and the ERM mess a lot of regulations were put in place, and a lot of those were then removed by Brown.

I'm talking about deregulation of the financial markets anyway. You asked for examples, now you've been given them you're waffling on about Thatcher and totally unrelated right to buy schemes. Maybe best to leave it here.

Yes lets leave it there because clearly you don't know your arse from your elbow considering you haven't brought a single regulatory safeguard that was removed by Brown.
 
Just a quick reminder for anyone who still thinks the Tories actually give a damn about them..

Voters are right to think Tory MPs largely do not care about poorer people or the NHS, according to Dominic Cummings in comments that have emerged from two years ago.

Boris Johnson’s new senior adviser and a key architect of Brexit gave his damning view on Conservative MPs at a conference in 2017, where he said: “People think, and by the way I think most people are right: ‘The Tory party is run by people who basically don’t care about people like me.’

“That is what most people in the country have thought about the Tory party for decades. I know a lot of Tory MPs and I am sad to say the public is basically correct. Tory MPs largely do not care about these poorer people. They don’t care about the NHS. And the public has kind of cottoned on to that.”

https://www.theguardian.com/politic...ries-do-not-care-about-poor-people-or-the-nhs
 
So Boris majority could be cut to 1 tonight, if they lose Brecon and Radnorshire to the Lib Dems. I'm actually speechless that the stupid cnuts thought it was a good idea to put forward the same guy who just got removed for rigging his expenses.
 
Good thing the Greens and Plaid Cymru decided not to field candidates so there was only one remain candidate.

Much as it pains Labour to admit if they're polling like that it's hard to justify them standing in some seats considering any election is basically going to be a Remain/Brexit referendum at this point. Especially if they don't want the Lib Dems to prevent them from winning lots of key seats that'll otherwise go to the Tories. Obviously by-elections are unpredictable and it's not one you'd expect Labour to win but those results are utterly pitiful for a party that wants to even campaign for an election on the basis of forming a government.
 


I really don’t know when the penny will drop for Labour that at this point people no longer give a shit about any other issues other than Brexit and that nothing else can be achieved until that’s out of the way.

I’ve done a full 360 on Corbyn and think he absolutely needs to go if there’s any chance of stopping a Conservative government. Considering the state of the country the opposition should have been miles ahead but it has been failed by its leadership of both Ed Miliband and Jeremy Corbyn. If only David had won we wouldn’t need to be talking about Conservatives, Corbyn or indeed fecking Brexit :mad:
 
Lib Dems winning a marginally pro Brexit seat. Farage has Boris over a barrel.
 
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And I can't se a credible policy that the likes of mogg or bone would back that the dup or ken Clarke / hammond would go with

Election called in early September I think to force through a hard brexit on 31st october

It's just a shame that those feckers on the Labour Leave side seem quite happy to line up behind the government like loyal little Tories so far. Makes the maths more complicated. Although I still think there's enough discontent actual Tories to make up the numbers.
 
Much as it pains Labour to admit if they're polling like that it's hard to justify them standing in some seats considering any election is basically going to be a Remain/Brexit referendum at this point. Especially if they don't want the Lib Dems to prevent them from winning lots of key seats that'll otherwise go to the Tories. Obviously by-elections are unpredictable and it's not one you'd expect Labour to win but those results are utterly pitiful for a party that wants to even campaign for an election on the basis of forming a government.

As you said they're not expected to win it and will have barely campaigned especially given it's not a GE campaign. It's not been won since the 70s.

This was a Lib Dem seat to win and they should have done it by a much bigger margin considering the tory candidate.