Author Topic: 2015 Budget and the General Election  (Read 9080 times)

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Offline Roger

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2015 Budget and the General Election
« on: March 20, 2015, 10:31:26 AM »
Well Gorgeous George has done it again and produced a Budget that is sensible in some ways and should win the wobbling Tories a few more votes.
I'm always interested in the 'National Debt' statistics. It pisses me of that none of the Journalists and Politicians dealing with this issue have the nous to reduce these figures to a 'per capita' basis - it helps understanding IMO.
So here it is, UK National Debt amounts to £24,500 per person, (based on 60 million population) and in the last fiscal year, that figure has increased by £1500 per person.
So, historically, for each family of four in the UK, the Government has supported the standard of living (in it's widest sense) of a UK family of four with BORROWED money, to the tune of some £98,000.
Despite years of 'austerity' measures, this figure has increased by £6,000 just this last year.
Other major Nations have similar statistics, not least the USA, but I just don't know how the developed world gets away with this con trick, decade after decade.
If or when real change comes, the extent will be quite shocking.

The General Election - I haven't a clue what the result might be, I just hope the next coalition doesn't include barmy Ed Balls in the formula, in any way at all.
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #1 on: April 10, 2015, 12:48:25 PM »
In the Telegraph today, an article describing an apparent overseas buyer's strike for UK Gilts - i.e. lending money to  the UK Gov't.

'The UK's current a/c deficit may soon be flirting with 6%, the worst in peacetime history. Inflows of capital have been disguising this, but the underlying reality is that Britain is borrowing heavily, to live above it's means.
THIS COULD END BADLY IF THE FUNDS DRY UP SUDDENLY'.
Austerity ?? Not yet Mate !

( I just moved some cash and got just over Baht 46 for a pound - oops ! The uncertainty of which coalition we might get in May is driving the Pound down). GL



 

Offline thaiga

Re: 2015 Budget and the General Election
« Reply #2 on: April 10, 2015, 01:55:15 PM »
Talking of exchanging money roger, in 2005 i transfered 50K i got 71 bht to the £  ;D

A couple of month's ago i had a bit of a problem with barclays bank, about paying tax on interest as i am not a UK resident, they wouldn't budge, so i transfered the money to my bangkok bank here. I got just under 50 bht to the £  :-[

Today buying rates @ bangkokbank 47.08    F FIN JOKE & going down.

Although i don't pat tax on my interest bond with my HSBC account the Interest yearly rate 1.1% AER/GROSS

WHAT'S HAPPENING: Another thought how will the EXPATS that have to show there pension money to stay here get on.

My idea when i come here was to gin dogbeer live on my interest.  :(
Anyone who goes to a psychiatrist should have his head examined.
 

Offline dawn

Re: 2015 Budget and the General Election
« Reply #3 on: April 10, 2015, 05:15:06 PM »
about the expats that have to show there pension money to stay here
would be nice for you guys if the immigration lowered the amount and would also show good will on there part

don't hold your breath
the earliest light of day
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #4 on: April 10, 2015, 06:15:25 PM »
That's a neat idea Dawn - No chance - Agreed.
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #5 on: April 15, 2015, 10:15:15 AM »
More comments on the state of Britain's economy .....
Between the 2008 crisis and the end of 2014, China's economy has grown by 70%, Canada 11%, USA 8% and the rest of the World by 17.3%.
The UK has grown 3.4% and and the Eurozone average is -2%
But the UK trails all other developed nations by a country mile in productivity.

DT today - comments on the election campaign :-
"Party leaders casually promise the 'good life' yet this has to be earned."
"Britain's position is a precarious one held together by sticking tape."


And net National Debt ticking up on the DT live clock at GBP1000 per second or more at 1.492 TRILLION last time I looked almost GBP25,000 per head.

GL Britain
 

Offline thaiga

Re: 2015 Budget and the General Election
« Reply #6 on: April 15, 2015, 01:10:44 PM »
Will we ever see the £ back even @ 60 bht. would be nice.

On 10th april before the holiday buying rates 46.92 @ bangkokbank. Wonder what it will show when the banks open tomorrow.   

The national debt is increasing by approximately £107 billion per annum, or around £2 billion each week. en.wikipedia.org

And from the telegraph

The IMF has virtually nothing to say about the UK of any significance.
Much the same conspiracy of silence grips the UK election campaign, where all serious economic discourse seems to have been abandoned in favour of an ever more flamboyant exchange of giveaways and undeliverable promises.
Anyone who goes to a psychiatrist should have his head examined.
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #7 on: April 17, 2015, 06:22:30 AM »
The handling of "AUSTERITY" in the UK, such as it is, featured in an opinion poll yesterday - (Sky News).
The Poll showed that voters clearly prefer addressing the deficit slowly (Labour) rather than more quickly (Tories).
A predictable enough result.
I have not heard a single politician talk openly on this topic because of course, to talk about the reality would not attract votes !
However the Tories are clearly a little more realistic than Labour on the point.
Labour and barmy Ed Balls will lead us to ruin.
 

Offline thaiga

Re: 2015 Budget and the General Election
« Reply #8 on: April 17, 2015, 12:26:07 PM »
Hi roger, interesting article  jerryhayes.co.uk

Self Control is always more satisfying than premature ejockulation

Miliband’s problem is baggage. Ed Balls created Gordon Brown and cannot bring himself to accept that they trashed the economy.

Anyone who goes to a psychiatrist should have his head examined.
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #9 on: April 24, 2015, 06:05:56 AM »
Thaiga thanks for that !
Reported yesterday that, "Voters have been left in the dark by ALL the major parties as to how they are going to cut the deficit".
Ha Ha ! Quelle surprise !
The Tories have really missed a trick as they languish alongside Labour in the Polls - if they had stuck to the economic reality and given a continuing message for austerity, carefully, they could have convincingly portrayed Labour as STILL being totally irresponsible and incompetent.
IMO they would then have got the votes. Having now joined the laughable 'giveaway' talk they have lost that 'edge' and credibilty AND made a few wonder why we ever needed austerity in the first place if we have so much to give away now !!
Big opportunity lost IMO.
 

Online Taman Tun

Re: 2015 Budget and the General Election
« Reply #10 on: April 24, 2015, 10:45:55 AM »
Roger you have made the grave mistake of thinking that elections are won by policies.  They are won by personalities.  This is the greatest defect of democracy.  However, having said that please bring on Boris!
We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Offline thaiga

Re: 2015 Budget and the General Election
« Reply #11 on: April 24, 2015, 12:30:26 PM »
Where's there "ACE CARD"

Playing the anti-Scotland card is Cameron’s desperate last resort

So now we know the last Tory trick in their book. They’ve tried all the standard pre-election routines. We’ve had promises of tax cuts, naturally. They’ve offered a discounted right to buy on housing association homes they don’t own. The party of austerity has sprayed around spending pledges, while ridiculing Labour as incompetent spendthrifts. A cabal of City-funded multimillionaires has tried to paint themselves as the “party of working people”. They’ve claimed to be presiding over a great economic revival.

But the numbers won’t budge. They dismissed Ed Miliband as hopeless, but his ratings are climbing.

So now they’ve fallen back on a brazen attempt to inflame English nationalism and turn Britain’s peoples against one another. Cheerled by a Conservative press largely owned by tax-dodging overseas plutocrats, the Tories claim the English would be held to ransom under a Miliband government dependent on SNP support. The Scots, who were begged to stay in the union during last year’s referendum, are now portrayed as some kind of foreign menace.

FULL STORY: theguardian
Anyone who goes to a psychiatrist should have his head examined.
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #12 on: April 24, 2015, 06:32:16 PM »
Thaiga I agree with the 'Scotland card' - in these devolutionary days it is just pure sense to me.
Specific powers devolved to Scotland, Wales etc. must be devolved to England too. End of !
It's nonsense to suggest this is treating the Scots as a foreign menace.
As for the last resort - the Tories have talked about this before and probably they planned to raise the topic all along.
Just common sense in my book.
The Guardian - 0 out of 10 on this one !
 

Online Taman Tun

Re: 2015 Budget and the General Election
« Reply #13 on: April 26, 2015, 05:10:04 PM »
I am thinking what the UK will look like in a couple of weeks.  We could have Ed Milipede as the nominal PM but with the real power behind the throne being Nicola Sturgeon.  Here is painting that her husband gave to her for a birthday present.  Nicola? Phoarrr.

We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Online Taman Tun

Re: 2015 Budget and the General Election
« Reply #14 on: April 29, 2015, 08:36:42 PM »
Guido has now posted the Russell Brand/Ed Miliband interview. www.order-order.com.  Ed attempts to out-estuary Russell.  What a complete pair of  hoons.  At least Ed has not made the mistake of over estimating the intelligence of the electorate.
We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Offline coolkorat

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Re: 2015 Budget and the General Election
« Reply #15 on: April 29, 2015, 09:01:07 PM »
You would hope people could learn from previous mistakes:

Ed Balls - as Chancellor! Heaven help us!

I cannot vote but I hope anyone who can does not support UKIP: vote Tory now. If you want to vote UKIP wait until 2020 when they may have actually formulated some policies.
 

Online Taman Tun

Re: 2015 Budget and the General Election
« Reply #16 on: May 02, 2015, 02:59:39 PM »
Here is Boris Johnson's comment on the Russell/Ed interview:-

“I think it’s a measure of his desperation, isn’t it, that yesterday we had one of the most absurd political spectacles that this country has ever seen. Not since the Tsar and Tsarina prostrated themselves and asked for economic guidance from Grigori Rasputin, has there been such a ridiculous political pilgrimages as the mission of Ed Miliband – the heir of Keir Hardie for heavens sake – to seek economic guidance from Russell Brand.”
We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Offline thaiga

Re: 2015 Budget and the General Election
« Reply #17 on: May 02, 2015, 04:35:11 PM »
Whoops! do they know where there going

Anyone who goes to a psychiatrist should have his head examined.
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #18 on: May 03, 2015, 07:47:04 AM »
Insights from Liam Halligan in the DT today - 'Britain's fragile finances' !!
UK is 'consistently borrowing 13% of monthly expenditure, month after month, year after year'.
'The B of E now owns more than one third of UK's sovereign debt'.
He also suggests that share prices 'need to be adjusted downwards by 50%'.
All horribly true IMHO
The headline notes that the real economic issues are being ignored by the Political Parties in this election.
Also IMO, a poisoned chalice awaits next weeks 'victor'.
 

Online Taman Tun

Re: 2015 Budget and the General Election
« Reply #19 on: May 03, 2015, 08:50:50 AM »
Yes, after Thusday we are very unlikely to have any form of government capable of tackling the issues identified by Liam.  There are three fundamental problems with UK/Europe:-

People there are unwilling or unable to recognize that the developing world, particularly Asia, can produce goods and services at much lower cost and for much lower wages.  Wage levels in the UK are pretty much static or declining and need to keep declining in order come into line with the rest of the world.  Maybe, like the stock market, wages are over valued by 50% at present.

UK/Europe also indulges far too much in extremely generous social benefit payments. Unfortunately you cannot do this and remain competitive with the rest of the world.  The cult of "entitlement" results in higher taxation and high wage costs.

Finally UK/Europe are over governed and over regulated.  Just look at the UK parliament. Does the UK really need 600 plus MPs?  Then there are vast numbers of quasi government bodies with all kinds of self appointing worthies drawing vast salaries.  The other day I saw a story about the Chairman of a Housing Association, a job which could be handled by any reasonably competent estate agent.  This person was on a salary of GBP 330,000.  Just incredible. 

Comrades what we need is a revolution and we need it now.
We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #20 on: May 05, 2015, 09:25:51 AM »
Hi TT - here comes your revolution.
Comrade Russell Brand back on Sky News yesterday advising voters to vote Labour - who gives a sh*t what he thinks ? I can hardly bear to look at this freak never mind listen to his views on politics. A nauseating character indeed.
Likewise Labour's man in Scotland doing the rounds with Eddie Izzard - yuck.
I suppose as Labour are trying so hard to keep the Clown Prince of Finance Ed Balls, OUT of the picture, they needed to find some other comedians to take his place.
Shambles - if I was in UK poised to vote Labour, this cr*p would change my mind.
 

Online Taman Tun

Re: 2015 Budget and the General Election
« Reply #21 on: May 05, 2015, 01:10:28 PM »
Here is Russell's latest revolting clip:- https://m.youtube.com/watch?v=zwGBTcIHN0U

I now think that the best outcome for the election is one where no grouping can form an effective government.  There will then have to be another election later in the year.  For the 2015 election Mk. 2 the Tories will be much better placed because they will have replaced Cameron by Boris Johnson.  Also the Tories have plenty of funding to support a second election, unlike Labour.  The result will be a majority Tory government led by Boris Johnson.

We can all then live happily ever after.
We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Offline dawn

Re: 2015 Budget and the General Election
« Reply #22 on: May 05, 2015, 03:22:21 PM »
We can all then live happily ever after.

would it make that much difference to your life here in thailand
the earliest light of day
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #23 on: May 05, 2015, 04:31:03 PM »
Just noticed a comment by Richard Littlejohn on the DM website.
He says about Labour winning the election and running the country - "I'd rather trust Jimmy Saville to babysit".
I can understand what he is trying to say but an unfortunate analogy.
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #24 on: May 09, 2015, 04:05:24 PM »
So TT it's 'happily ever after' but without dear Boris as PM !
A stunning day of drama yesterday with Clegg, Milliband and Farage biting the dust. (And joy of joys, they were joined by Ed Ballsup too!).
The decimation of the Liberal Democrats was predicted by many since 2010 when they stepped up for Coalition - sad to see them suffer but IMO they have always been a bit irrelevant.
The complete demise of Labour in Scotland was a surprise but I thought Ed Milliband fought quite well in a strong campaign - two major mistakes by Ed - courting Russell Brand and carving his Commitments in stone - bizarre.
Farage's UKIP came second in more than 100 seats, polled 4 million which is more than the SNP and the Lib Dems added together, to get just one seat. Electoral reform a must IMO.
As for the SNP - magnificent. But without any element of coalition power to wield at all, how do their 56 MP's actually do anything in Westminster ? Surely the Tories can just outvote them whenever needed ? I hope too that DC progresses his idea of further devolution AND ends the right for Scots MP's to vote on mirrored 'English' subjects, (as devolved to Scotland).

Now let's see what DC and the Tories can do with their poisoned chalice ...................



 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #25 on: May 10, 2015, 07:14:44 AM »
Farage's UKIP actually second in 120 and third in 364 constituencies. Amazing. But UKIP has just one lonely MP !
 

Offline thaiga

Re: 2015 Budget and the General Election
« Reply #26 on: May 10, 2015, 02:25:00 PM »
                              Riot police clash with protestors outside Downing Street

Riot police clash with protestors outside Downing Street


General election win and your money: what to expect in the next five years

Telegraph Money looks at what promises the Conservatives made for your finances

Savers heaved sighs of relief as Mr Cameron was returned to Number 10 – if only because the Conservatives’ surprise victory spells more stability than most dared hope for.

telegraph.co.uk
Anyone who goes to a psychiatrist should have his head examined.
 

Offline Roger

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Re: 2015 Budget and the General Election
« Reply #27 on: May 10, 2015, 07:29:15 PM »
AND that's why ALL the political parties are culpable, in neglecting to tell the Electorate the economic truths.
Well done the Tories for their 'Win' but watching the reaction of the electorate, as the Tories mange this poisoned chalice, may not be fun.
 

Offline Roger

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Osborne and Mr Micawber
« Reply #28 on: June 10, 2015, 07:37:39 AM »
Well that's fun - the Guardian is billing George Osborne's attitudes as Micawberish !

Today's count on the DT monitor shows UK Govt. debt, (excluding private debt), to have reached GBP1.506 trillion against 1.492 trillion when mentioned on April 15th. That's an extra GBP 14 billion to service and pay back - (since mentioned on April 14th).
My simple sums based on population of 60 million, now show per head debt of GBP 25,088 against GBP 24,866 less than 2 months ago.
Go for it George and bl**dy good luck.
 

 



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