Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Sir Tigger KC on 18 October 2022, 11:50:08
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So we have a new de facto Dear Leader that nobody voted for. It's the equivalent of Mario Monti and Mario Draghi the technocratic Prime Ministers imposed on Italy by the EU. ::)
Talking of which, we are told that Jeremy Hunt was on holiday in Belgium when he got the call from Liz Truss offering him the job of Chancellor and he had to high tail it back to London on the EuroStar from Brussels.
So..... Who the hell goes on holiday to Belgium in October? ???
What was he really doing in Brussels? Who was he meeting with and why? ???
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Are you sure you want to know, because you won't like the answer.
Holidaying in Belgium in October is all part of Hunt's mystique.
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He was the first of the eight potential Tory leaders to be booted off, with just 18 votes.
He may be 'competent' but he is a soaking wet leftie.
Very Fond of the way they do things in China, apparently. :-X
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Also....
He loves the EU
He loves the WEF
No doubt he would love to see cash abolished to be replaced by a programmable digital currency.
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Perhaps we should become the 51st State and vote for a proper President.
Westminster, and its MPs/Lords could then be kept as an interesting tourist attraction much like the Royal Family and Holyrood in Northern France. :-X
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So we have a new de facto Dear Leader that nobody voted for. It's the equivalent of Mario Monti and Mario Draghi the technocratic Prime Ministers imposed on Italy by the EU. ::)
Talking of which, we are told that Jeremy Hunt was on holiday in Belgium when he got the call from Liz Truss offering him the job of Chancellor and he had to high tail it back to London on the EuroStar from Brussels.
So..... Who the hell goes on holiday to Belgium[/i] in October? ???
What was he really doing in Brussels? Who was he meeting with and why? ???
I've been a couple of times.
The beer is good which is just as well because the women are not very attractive. :)
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Perhaps we should become the 51st State and vote for a proper President.
Westminster, and its MPs/Lords could then be kept as an interesting tourist attraction much like the Royal Family and Holyrood in Northern France. :-X
You do know that the US President is America's equivalent of an interesting tourist attraction and that the actual government, that at least attempts to get stuff done, is the two houses just like our and every other parliamentary system?
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So we have a new de facto Dear Leader that nobody voted for. It's the equivalent of Mario Monti and Mario Draghi the technocratic Prime Ministers imposed on Italy by the EU. ::)
Talking of which, we are told that Jeremy Hunt was on holiday in Belgium when he got the call from Liz Truss offering him the job of Chancellor and he had to high tail it back to London on the EuroStar from Brussels.
So..... Who the hell goes on holiday to Belgium[/i] in October? ???
What was he really doing in Brussels? Who was he meeting with and why? ???
I've been a couple of times.
The beer is good which is just as well because the women are not very attractive. :)
OK but you're not a prominent remainer MP who has tried and failed to become PM twice through the normal procedures. ::)
You are a Lord though.... ;D
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Perhaps we should become the 51st State and vote for a proper President.
Westminster, and its MPs/Lords could then be kept as an interesting tourist attraction much like the Royal Family and Holyrood in Northern France. :-X
You do know that the US President is America's equivalent of an interesting tourist attraction and that the actual government, that at least attempts to get stuff done, is the two houses just like our and every other parliamentary system?
Yes, but at least they get elected to positions they hold :-X
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Perhaps we should become the 51st State and vote for a proper President.
Westminster, and its MPs/Lords could then be kept as an interesting tourist attraction much like the Royal Family and Holyrood in Northern France. :-X
No thanks. Sleepy Joe is busy driving the US economy off a bigger cliff than Jeremy Khant is intent on driving ours off of, with his tax hikes! ::)
Liz Truss is getting a right old slagging and frankly the poor woman looks as though she is on the verge of a breakdown, but she correctly identified that the UK is about to go into recession along with most other western democracies and tried to do something about it rather than just be a passenger.
I think she deserves credit for that, and I also think that there are bad actors out there who didn't want Little Brexit Britain to avoid recession or have a shorter/shallower recession than their countries. :-X
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Once the mid terms are done, the Democrats will be unelectable.
Then it's barely two years and they will have a proper President rather than Obamas hand puppet. They vote for the President rather than the party per se. (obviously said candidate usually represents one party or tother.
Here we don't even get a choice... The winning party gets to choose the PM, on a weekly basis without any input from the actual electorate.
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So..... Who the hell goes on holiday to Belgium in October? ???
Oi! I've spent loads of weekends away in Belgium over the years. Belgium do very good beer.
Sadly, I can't remember much of what went on, but I remember being refused entry into the Stella Artois factory in Leuven. I might have been in a mucking fuddle...
Apparently I went to Bruge as well one weekend, but was already wasted before I left the hotel ;D
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So we have a new de facto Dear Leader that nobody voted for. It's the equivalent of Mario Monti and Mario Draghi the technocratic Prime Ministers imposed on Italy by the EU. ::)
Talking of which, we are told that Jeremy Hunt was on holiday in Belgium when he got the call from Liz Truss offering him the job of Chancellor and he had to high tail it back to London on the EuroStar from Brussels.
So..... Who the hell goes on holiday to Belgium in October? ???
What was he really doing in Brussels? Who was he meeting with and why? ??
Is Brtain the new Italy ?
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So..... Who the hell goes on holiday to Belgium in October? ???
Oi! I've spent loads of weekends away in Belgium over the years. Belgium do very good beer.
Sadly, I can't remember much of what went on, but I remember being refused entry into the Stella Artois factory in Leuven. I might have been in a mucking fuddle...
Apparently I went to Bruge as well one weekend, but was already wasted before I left the hotel ;D
Somehow I can't imagine Jeremy Hunt going to Belgium to get on the lash. ;D
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Meanwhile… who has their finger on the UK nuclear button? Ben Wallace, Truss?
I bet everyone has forgotten about Ukraine.
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Meanwhile… who has their finger on the UK nuclear button? Ben Wallace, Truss?
I bet everyone has forgotten about Ukraine.
Jeremy Hunt. Do keep up Snr! :)
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;D
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Kwasi,s mini budget recieved negative comments by the IMF, the U.S. president and the German Chancellor. At least two of these have no business whatsoever commenting on or getting involved in UK domestic politics.
A Globalist conspiracy ? :)
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Did anyone see that stupid bitch Diane Abbot sitting in parliament yesterday ? Stupid bitch looks totally unaware as to what is going on in the UK & could barely keep her eyes open.
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Kwasi,s mini budget recieved negative comments by the IMF, the U.S. president and the German Chancellor. At least two of these have no business whatsoever commenting on or getting involved in UK domestic politics.
A Globalist conspiracy ? :)
I read that the IMF got stuck in at Macron's behest, as he thought it would be unfair if Britain became too competitive and avoided recession. ::)
Of course it's probably tinfoil hat stuff, but............... :-X
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Kwasi,s mini budget recieved negative comments by the IMF, the U.S. president and the German Chancellor. At least two of these have no business whatsoever commenting on or getting involved in UK domestic politics.
A Globalist conspiracy ? :)
I disagree. If the worlds 6th largest economy goes to hell in a handcart because of the actions of its own govt, then it will also affect other major economies. I've little doubt that the inter govt communications behind the scenes after KK's budget were more 'lively' than anything that was said in public.
The reality is that the govt only has 3 sources of money
1. Taxation. The budget attempted to cut taxation by circa £45bn.
2. Borrow it. The money markets basically said fark off. We're not funding this tosh.
3. Print it. This is inflationary, and devalues the currency, so even if money markets are prepared to lend, they'll want higher interest/yield. Inflation is already 10%.
It doesn't take Einstein to work out that you cannot spend money you haven't got, and can't raise from some combination of 1,2 or 3 above. If 2 & 3 are out, then you can only reduce taxation if you also reduce spending by a similar amount. Promoting growth by cutting taxes is possible, but takes time to have effect. You can't do it on day 1 and expect results on day 2 - and the markets will say no.
I can't find the exact quote, but the jist of it is "When politics meets economics, economics wins"
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One problem with all of that.
Inflation is the opposite of growth. Money can also be generated without printing or borrowing or taxation.
Create a positive environment that allows people to generate disposable income that they can spend across the board generating higher income where the spend it. Greater revenue down the chain actually encourages natural, sustainable growth. Those at the bottom of the pile who want to do well can do because there are significantly more opportunities for them.
The Leftie idiocy being pedalled across the West is the opposite of this. The wealthy stop spending, the middle classes cut back and the poorer can't afford to eat or heat anything. Two or three shitty minimum wage zero hour jobs doesn't cut it if the economy is trying to bankroll the country.
It’s no coincidence that the places that recovered quickly from the 2007/8 recession and Batflu are generally right leaning with low taxation. Oh and the tend to have the best funded public sectors too.
Kwasi was right and it is a crying shame that his boss doesn't have the balls to see things through. In fact he could have gone one better and outlawed both the minimum wage and zero hour contracts :-X
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One problem with all of that.
Inflation is the opposite of growth. Money can also be generated without printing or borrowing or taxation.
Create a positive environment that allows people to generate disposable income that they can spend across the board generating higher income where the spend it. Greater revenue down the chain actually encourages natural, sustainable growth. Those at the bottom of the pile who want to do well can do because there are significantly more opportunities for them.
The Leftie idiocy being pedalled across the West is the opposite of this. The wealthy stop spending, the middle classes cut back and the poorer can't afford to eat or heat anything. Two or three shitty minimum wage zero hour jobs doesn't cut it if the economy is trying to bankroll the country.
It’s no coincidence that the places that recovered quickly from the 2007/8 recession and Batflu are generally right leaning with low taxation. Oh and the tend to have the best funded public sectors too.
Kwasi was right and it is a crying shame that his boss doesn't have the balls to see things through. In fact he could have gone one better and outlawed both the minimum wage and zero hour contracts :-X
Whilst I agree with the gist of what you're saying, it doesn't and can't happen overnight. It's effectively chicken and egg.
If you lower taxation to promote growth, the growth doesn't yield results for a year or two, but the drop in taxation income happens immediatley (well in April). If you're already running a budget defecit of £20bn, and then suddenly try to more than double it with no warning, the people/institutions that you want to borrow the money from to tide you over between cause and effect are going to get spooked. And if the money markets don't believe your policy is going to actually work, they will refuse to lend the money at all. So the Govt ends up going to 'loan sharks' to borrow the money, and ends up paying 5% interest.
Lowering taxes by £36bn whilst you're already spending £45bn more than you're raising in taxes (due to energy price support, Covid etc) could never work. I suspect that's what the chief secretary to the treasury tried to tell KK before he was given his marching orders.
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Suella Braverman has resigned after apparently sending an email from the wrong server on her phone and Jeremy Hunt has appointed Grant Shapps as the new Home Secretary. :)
I wonder if as ex Transport Secretary he will lay on regular and free Calais-Dover ferry services for illegal immigrants refugees? ???
Might as well! ::)
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Love the word excremental.
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Chief whip has now resigned too.
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Chief whip has now resigned too.
.....as has his junior.
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Her junior. ;)
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No matter. Apparently they have both now unresigned !
This undignified shambles cant go on much longer ffs. Its beyond parody. ::)
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Edit.
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It’s so bad, as who do we have to turn to when this lot shits the bed??
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Reform UK. :y
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Her junior. ;)
A female chief whip... ::)
Surely that is against everything that is right and proper. :D
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Her junior. ;)
A female chief whip... ::)
Surely that is against everything that is right and proper. :D
Some people like that sort of thing...
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Lizzie has resigned & I'm £20 up from my neighbour 😄😄😄
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Reform UK. :y
Some solid, common sense ideas amongst a dose of bandwagoneering such as nurses pay and cladding. :y
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https://www.telegraph.co.uk/personal-banking/mortgages/banks-ignore-chancellors-intervention-raise-mortgage-rates/
Should have left KK to see it through... The banks couldn't give a shit either way.
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https://www.telegraph.co.uk/personal-banking/mortgages/banks-ignore-chancellors-intervention-raise-mortgage-rates/
Should have left KK to see it through... The banks couldn't give a shit either way.
The banks are not the money markets. The Govt does not borrow (much) from high street banks. The money markets most certainly do give a shit.
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https://www.telegraph.co.uk/personal-banking/mortgages/banks-ignore-chancellors-intervention-raise-mortgage-rates/ (https://www.telegraph.co.uk/personal-banking/mortgages/banks-ignore-chancellors-intervention-raise-mortgage-rates/)
Should have left KK to see it through... The banks couldn't give a shit either way.
The banks are not the money markets. The Govt does not borrow (much) from high street banks. The money markets most certainly do give a shit.
You can't use facts to argue against political dogma! That might lead to some actual competence, somewhere. Although any oppsing where would do.
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https://www.telegraph.co.uk/personal-banking/mortgages/banks-ignore-chancellors-intervention-raise-mortgage-rates/
Should have left KK to see it through... The banks couldn't give a shit either way.
The banks are not the money markets. The Govt does not borrow (much) from high street banks. The money markets most certainly do give a shit.
Bit the Government does own a fair chunk of them :-X