Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Del Boy on 23 February 2011, 20:31:10
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http://www.parkers.co.uk/News/News/Fuel-prices-to-rise-10plitre-in-April/
I just want to say, I think the conservative are a complete and utter bunch of w*nkers and I despise them with a passion >:( >:(
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Somethings gotta give somewhere otherwise we are heading for trouble
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Unless the Government puts up the price of lpg I reckon Teilo & his ilk are in for a massive increase in business! :o
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Fed up of hearing this news. Its just taking us for mugs and it wont be long before we have no choice but to drive an economical car ::)
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Somethings gotta give somewhere otherwise we are heading for trouble
Still, if we all take to the streets & call for the downfall of the Government at least they haven't got any many planes left to attack us with! ;D ;D
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Somethings gotta give somewhere otherwise we are heading for trouble
Still, if we all take to the streets & call for the downfall of the Government at least they haven't got any many planes left to attack us with! ;D ;D
It's funny because it's true ;D ;D ;D
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Every man, woman and child in the UK needs to pay £2,300 extra in tax annually to even the deficit (the annual overspend).
Every man, woman and child in the UK needs to pay £23,000 NOW to cancel the nation debt (has to be now, due to interest payments on it).
So, thats £23k now, and £2.3k extra per year.
I hope that puts things into perspective, as people seem to think all these cuts are unnecessary, and seem to think that the state the UK is in is 100% purely down to the banks, rather than the gross mismanagement of public finances over the past decade and a half. Its that gross mismanagement that we are now having to pay for. And we will pay the price :'(
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our best hope now is twelve months of rampant inflation like we he had in the 70's - easiest way to do that is significantly increase costs to local businesses, say by doubling the cost of transport.
Then the national debt might still be 23k per person.
but that would only be a weeks wage.
:( :( :( :( :(
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Every man, woman and child in the UK needs to pay £2,300 extra in tax annually to even the deficit (the annual overspend).
Every man, woman and child in the UK needs to pay £23,000 NOW to cancel the nation debt (has to be now, due to interest payments on it).
So, thats £23k now, and £2.3k extra per year.
I hope that puts things into perspective, as people seem to think all these cuts are unnecessary, and seem to think that the state the UK is in is 100% purely down to the banks, rather than the gross mismanagement of public finances over the past decade and a half. Its that gross mismanagement that we are now having to pay for. And we will pay the price
spot on. labours mess being cleared up by the tory's. it stings but its necasary.
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our best hope now is twelve months of rampant inflation like we he had in the 70's - easiest way to do that is significantly increase costs to local businesses, say by doubling the cost of transport.
Then the national debt might still be 23k per person.
but that would only be a weeks wage.
:( :( :( :( :(
Nice idea, but the costs of running country go up as well, so the deficit is not addressed (though debt would be less (in value terms)
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depends how much of the deficit is servicing the debt. 23k at 10% interest = 2300 deficit
:y
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depends how much of the deficit is servicing the debt. 23k at 10% interest = 2300 deficit
:y
Alledgedly, we are paying around 1% on many of our loans, though I know some short term panic loans were 24% :o
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looks like most gilts are around 5%-6%, so could account for 1/2 the deficit
http://swapratesonline.com/current-uk-gilt-rates.html
any way, I'm sure the government are doing the best they can for us, given the circumstances.
::) :-/
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I would rather have the blues in power then anybody else at the moment. What labour have.managed to do to the country in their 11 years in charge is shocking, immigration and getting votes from ethnic minorities. even down to selling off the gold reserves.
We had no other option, we don't need a left wing liberal goverment at the moment, that's for sure.
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I would rather have the blues in power then anybody else at the moment. What labour have.managed to do to the country in their 11 years in charge is shocking, immigration and getting votes from ethnic minorities. even down to selling off the gold reserves.
We had no other option, we don't need a left wing liberal goverment at the moment, that's for sure.
That's probably how the germans felt in 1933...
but fwiw, I agree
Labour MPs traditionally come from working class backgrounds.
Liberals come from arty farty guardian reading treehugging quiche eating (etc...) backgrounds.
tories are business owning, share dealing, estate agent types.
to my mind, tories are really the only choice to get the country back on course.
plus they'll not be bothered by morals.
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I would rather have the blues in power then anybody else at the moment. What labour have.managed to do to the country in their 11 years in charge is shocking, immigration and getting votes from ethnic minorities. even down to selling off the gold reserves.
We had no other option, we don't need a left wing liberal goverment at the moment, that's for sure.
That's probably how the germans felt in 1933...
but fwiw, I agree
Labour MPs traditionally come from working class backgrounds.
Liberals come from arty farty guardian reading treehugging quiche eating (etc...) backgrounds.
tories are business owning, share dealing, estate agent types.
to my mind, tories are really the only choice to get the country back on course.
plus they'll not be bothered by morals.
We are all doomed then!
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That's probably how the germans felt in 1933...
but fwiw, I agree
Labour MPs traditionally come from working class backgrounds.
Liberals come from arty farty guardian reading treehugging quiche eating (etc...) backgrounds.
tories are business owning, share dealing, estate agent types.
to my mind, tories are really the only choice to get the country back on course.
plus they'll not be bothered by morals.
notice, how none have ever worked in the real world ....
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True. And the "working class Labour MP" is a rare beast these days - if they ever did exist. ;)
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Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?
DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? :o
i think we're in danger of swallowing a big fat lie here :(
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well we are as this bunch have done nothing for imigration and as for cutting benefits well all i see is people who need them and dont know how to play the system geting less and the ones who play the system still claiming and getting more
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Every man, woman and child in the UK needs to pay £2,300 extra in tax annually to even the deficit (the annual overspend).
Every man, woman and child in the UK needs to pay £23,000 NOW to cancel the nation debt (has to be now, due to interest payments on it).
So, thats £23k now, and £2.3k extra per year.
I hope that puts things into perspective, as people seem to think all these cuts are unnecessary, and seem to think that the state the UK is in is 100% purely down to the banks, rather than the gross mismanagement of public finances over the past decade and a half. Its that gross mismanagement that we are now having to pay for. And we will pay the price :'(
How I agree TB, and the facts which you sum up speak for themselves! :y :y :y :y :y :y
It will unfortunately take the coalition some considerable time to reverse what the Labour Government got up to, so no one should expect miracles and make judgements yet ;) There WILL be much pain to come, but not for the first time in our history that's for sure! :)
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Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?
DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? :o
i think we're in danger of swallowing a big fat lie here :(
It's been happening in another area for quite a while now. ::)
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Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?
DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? :o
i think we're in danger of swallowing a big fat lie here :(
For once I agree with BJ (now theres a first) Just who is this "debt" owed to ? I mean virtually every country in the world has a national debt, so who is the person with the very large wallet bailing out all these countries ?
I am beginning to think it is another colossal scam,
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Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?
DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? :o
i think we're in danger of swallowing a big fat lie here :(
For once I agree with BJ (now theres a first) Just who is this "debt" owed to ? I mean virtually every country in the world has a national debt, so who is the person with the very large wallet bailing out all these countries ?
I am beginning to think it is another colossal scam,
On a national level, the World Bank, and if you have a quick look at the national current account levels, you will realise that we are all owned by China!
Yes we could refuse to pay I suppose, because we are in a position to ignore any sanctions, given that we manufactuer all we need in the UK and have enough food and energy within our own shores, or of course we can we wake up and realise that you can't just print money as a country any more than you can nip into tesco with monopoly money!
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Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?
DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? :o
i think we're in danger of swallowing a big fat lie here :(
For once I agree with BJ (now theres a first) Just who is this "debt" owed to ? I mean virtually every country in the world has a national debt, so who is the person with the very large wallet bailing out all these countries ?
I am beginning to think it is another colossal scam,
On a national level, the World Bank, and if you have a quick look at the national current account levels, you will realise that we are all owned by China!
Yes we could refuse to pay I suppose, because we are in a position to ignore any sanctions, given that we manufactuer all we need in the UK and have enough food and energy within our own shores, or of course we can we wake up and realise that you can't just print money as a country any more than you can nip into tesco with monopoly money!
Would this be the same China we give millions to in aid ? ::) and where did the world bank get its money from to loan out ?
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Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?
DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? :o
i think we're in danger of swallowing a big fat lie here :(
For once I agree with BJ (now theres a first) Just who is this "debt" owed to ? I mean virtually every country in the world has a national debt, so who is the person with the very large wallet bailing out all these countries ?
I am beginning to think it is another colossal scam,
On a national level, the World Bank, and if you have a quick look at the national current account levels, you will realise that we are all owned by China!
Yes we could refuse to pay I suppose, because we are in a position to ignore any sanctions, given that we manufactuer all we need in the UK and have enough food and energy within our own shores, or of course we can we wake up and realise that you can't just print money as a country any more than you can nip into tesco with monopoly money!
Would this be the same China we give millions to in aid ? ::) and where did the world bank get its money from to loan out ?
The world bank gets its money from the current accounts of all the countries - to which China has the largest (Trillions) credit balance.
As to why we give aid to China, go ask your previous MP! DFID signed-up to continue aid payments until 2015 in 2007.
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IIRC (sadly I'm old enough to) this is the fourth time since WW2 that a Labour Government has, on leaving office, left the country's economy in utter chaos, leaving a Conservative Government to carry out very painful measures to restore our financial credibility world wide. Unfortunately this country relies heavily on exports to maintain its balance of payments at a sustainable level, and unless someone puts us back on track we would be even worse off.
A cynic might suggest that Labour knew exactly what it was doing, spending far more than we earned for years, while knowing full well that the Tories would sort it out with extremely unpopular measures, thus allowing them back in at the next election to start this crazy cycle all over again.
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IIRC (sadly I'm old enough to) this is the fourth time since WW2 that a Labour Government has, on leaving office, left the country's economy in utter chaos, leaving a Conservative Government to carry out very painful measures to restore our financial credibility world wide. Unfortunately this country relies heavily on exports to maintain its balance of payments at a sustainable level, and unless someone puts us back on track we would be even worse off.
A cynic might suggest that Labour knew exactly what it was doing, spending far more than we earned for years, while knowing full well that the Tories would sort it out with extremely unpopular measures, thus allowing them back in at the next election to start this crazy cycle all over again.
Well said, and very true! :y :y
Whether or not Labour plan their stupidity could be argued I suppose, but the result has always been there for all to see! ::) ::) ;)
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IIRC (sadly I'm old enough to) this is the fourth time since WW2 that a Labour Government has, on leaving office, left the country's economy in utter chaos, leaving a Conservative Government to carry out very painful measures to restore our financial credibility world wide. Unfortunately this country relies heavily on exports to maintain its balance of payments at a sustainable level, and unless someone puts us back on track we would be even worse off.
A cynic might suggest that Labour knew exactly what it was doing, spending far more than we earned for years, while knowing full well that the Tories would sort it out with extremely unpopular measures, thus allowing them back in at the next election to start this crazy cycle all over again.
You best call me a cynic, then ;)
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You best call me a cynic, then ;)
All right then, ya wee cynic ye. ;D ;D ;D
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You best call me a cynic, then ;)
All right then, ya wee cynic ye. ;D ;D ;D
;D ;D There's nothing wee about me, I'll have you know! ;D
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Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?
We owe the deficit, in a large part, because we buy more stuff from abroad than we sell.
In order to pay for that, the government sell "bonds" (gilts technically), which are a promise to pay a set rate of interest per year + all the money back at a certain date in the future.
These bonds are sold to foreign investors, mainly, in their currency so we get actual chinese yuan, or japanese yen, or US$ in return for them.
These are then used to pay for our imports.
Our deficit is thus how much the government owes, in bonds, to these individual investors.
The problem comes when .gov decides to issue more bonds to pay the interest, because we don't sell enough stuff abroad, or the economy doesn;t increase enough to cover the payments
DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse?
Technically, .gov and the BofE don't print money, they print currency.
And the reason it hasn't collapsed (yet), is because people believe in it - tinkerbell economics.
As soon as people start thinking "hold on - this fiver's worth bugger all, cos the government keep printing more and more", then we'll end up with a situation such as 1930's germany where the german bank (reichBank?) printed so much money it became worthless.
There is a story that a woman took a wheelbarrow full of reischmarks(?) to the shop to buy a loaf of bread.
Someone stole her wheelbarrow, and left the money behind.
And that was a 1st world country - and in living memory!
and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? :o
Because if we don't make the cuts, and .gov decides to carry on trying to print it's way out of trouble, people will stop buying our treasury bonds, and then we WILL be in the doo-doo, cos then all the foreign-owned companies will pull out of the UK, and the economy will collapse back to third-world agricultural.
It nearly happened in the 1930s USA during the great depression. Again, a 1st world country, again within living memory.
i think we're in danger of swallowing a big fat lie here :(
Yep. But it's a lie we've been swallowing since the major currencies of the world were taken off the gold standard in 1971 and allowed to create as much as they liked, unchecked.
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any way, I'm sure the government are doing the best they can for us, given the circumstances.
::) :-/
Thats optimistic! :-/
I'm not sure that there are many high ranking politicians out there with the people's interests truly at heart.
And it doesnt help when there is a world between an Eton school boy and a working-class man. How can he really have perspective on the daily life of the underprivileged and down-trodden?
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any way, I'm sure the government are doing the best they can for us, given the circumstances.
::) :-/
Thats optimistic! :-/
I'm not sure that there are many high ranking politicians out there with the people's interests truly at heart.
And it doesnt help when there is a world between an Eton school boy and a working-class man. How can he really have perspective on the daily life of the underprivileged and down-trodden?
You mis-spelt "sarcastic" :P
:y
And frankly, the "underpriveleged and down-trodden" are half the problem.
bluddy spongeing skivers
I think this economic problem might be better solved by someone who doesn't actually care about the downtrodden masses.
Because make no bones about it - unless it *is* solved, we'll ALL be underpriveleged and downtrodden.
And even the uber-riche aren't going to like that
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I think this economic problem might be better solved by someone who doesn't actually care about the downtrodden masses.
Because make no bones about it - unless it *is* solved, we'll ALL be underpriveleged and downtrodden.
And even the uber-riche aren't going to like that
That's an important point Egg.
Leaving aside the looming energy crisis/unravelling security - political situation in the near-mid East and the international consequences should the dollar cease being the world's reserve currency, we here in this neck of the woods have our own serious financial problems to deal with.
The sooner the better in my view as to try and engineer a stabilisation over the longer term is simply putting off the inevitable without any guarantee of success in a world where the status quo will, quite possibly, no longer exist.
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Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?
DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? :o
i think we're in danger of swallowing a big fat lie here :(
'Printing more money', as suggested, or Quantative Easing in the new wankword bingo speak effectively just weakens out currency.
The country has a (perceived) value, just like any other listed business. You can print as many tenners as you like, the value of all those will remain the same, in effect, the tenner is no longer worth a tenner.
Like a listed business, profit from output (GDP) ratio'd to the input (profit) is what affects the value.
New Labour's really stupid, short sighted, daft, moronic, pathetic, useless idea of trying to drive growth purely through increasing costs is clearly a non-starter - it helps get us into the mess we are now in.
Partial Communism will never work in a global market. Total Communism could, potentially, work in a closed market, though I can't think of any true Communistic country in modern history - and I suspect Orwell would be right anyway.