Current Affairs The Labour Party

[bol-uk]

That’s all very good and worthwhile and it would possibly bring in a couple of Billion. Meanwhile his uncosted spending is around the 1 Trillion mark. Just to put it into perspective, the national debt currently stands at about 1.7 Trillion.......

Where are you getting 1 trillion from?? Please show workings out.

HMRC state tax avoidance in this country is around 11billion per year.

Something tells me you just make things up

 

[peteblue]

Where are you getting 1 trillion from?? Please show workings out.

HMRC state tax avoidance in this country is around 11billion per year.

Something tells me you just make things up

Even back in 2017 it was identified that he would be borrowing approx half a trillion (500Billion), and that McDonnell was effectively hiding even more. Now whatever the number is, it runs into hundreds and hundreds of Billions, so your 11Billion a year isn’t really going to cut it.......

 

[Number_25]

Even back in 2017 it was identified that he would be borrowing approx half a trillion (500Billion), and that McDonnell was effectively hiding even more. Now whatever the number is, it runs into hundreds and hundreds of Billions, so your 11Billion a year isn’t really going to cut it.......

https://www.theguardian.com/politic...rs-manifesto-cost-pledges-money-guide-details

Hmm.

 

[peteblue]

https://www.theguardian.com/politic...rs-manifesto-cost-pledges-money-guide-details

Hmm.

So the nationalisation of water, electricity and rail is just a freebie then.......

 

[Steve0]

So the nationalisation of water, electricity and rail is just a freebie then.......

Pete you've had another 'mare here.

 

[bol-uk]

Pete you've had another 'mare here.

LOL

 

[bol-uk]

Pete you've had another 'mare here.

Like I said, he makes stuff up

 

[bol-uk]

So the nationalisation of water, electricity and rail is just a freebie then.......

These would all GENERATE income once purchased rather than going to shareholders and foreign investors. Surely ou can see this is no bad thing.

Such a flawed argument you push

 

[Steve0]

Like I said, he makes stuff up

The thing is if he wrote that on the Daily Mail or wherever he'd get about 200 thumbs up and would conclude he's made a really good point. AS would the other tories who look at the amount of 'credit' its received. None of them bothering to fact check it. Its poisonous.

 

[bol-uk]

The thing is if he wrote that on the Daily Mail or wherever he'd get about 200 thumbs up and would conclude he's made a really good point. AS would the other tories who look at the amount of 'credit' its received. None of them bothering to fact check it. Its poisonous.

Poisonous indeed and, on a fake news level, is then taken by others as fact, perpetuating the tory lies.

 

[peteblue]

These would all GENERATE income once purchased rather than going to shareholders and foreign investors. Surely ou can see this is no bad thing.

Such a flawed argument you push

Purchased with what ?.....where does the money come from ?....

 

[peteblue]

Pete you've had another 'mare here.

LOL

Like I said, he makes stuff up

The thing is if he wrote that on the Daily Mail or wherever he'd get about 200 thumbs up and would conclude he's made a really good point. AS would the other tories who look at the amount of 'credit' its received. None of them bothering to fact check it. Its poisonous.

Poisonous indeed and, on a fake news level, is then taken by others as fact, perpetuating the tory lies.

Where does the money come from....take your time....

 

[bol-uk]

Where does the money come from....take your time....

Britain would need to borrow tens of billions of pounds to fund nationalisations, but would then hold valuable assets.

English water companies would be a priority for public ownership, and Labour may make investors exchange shares for government debt - or gilts.

water was never privatised in Scotland and Northern Ireland, and is run by a not-for-profit company in Wales. There are plenty of examples on the Continent of publicly run utilities.

With electricity, the party intends to take charge of the companies that run regional power networks by changing their licence terms. Private companies would be left owning - but no longer controlling - electricity lines and substations.

Rail franchises - the rights to run trains in different parts of the country - would be taken up by the state as they expired.

Public ownership for them means not just the principle of control, but ethical behaviour: advice for customers and seeking out the best deals for people who struggle to heat their homes.


MMAAAAATTTEEEE it's a no-brainer no matter how much you try to deny it.

Why the hell should foreign investors benefit from our sky high utility bills and badly run services??

 

[Redstarrob]

Because to govern you need stability. The government will face rebellion form one faction or another of their own party and find it impossible to get anything done. The Brexit deal will finish this government either way. Getting power is merely the delivery system for getting policy through. Why bother if you cant? The likely defeat would be catastrophic and keep the Tories out for a a couple of terms if they prolong the wait for a GE. Get a Brexit deal and then call an election would probably see them lose that election but not sink them for a generation.

This cant last until 2022. I think we all know that much.

I cant see much stability if abbot and costello were in charge, sorry, abbot and corbyn

 

[peteblue]

Britain would need to borrow tens of billions of pounds to fund nationalisations, but would then hold valuable assets.

English water companies would be a priority for public ownership, and Labour may make investors exchange shares for government debt - or gilts.

water was never privatised in Scotland and Northern Ireland, and is run by a not-for-profit company in Wales. There are plenty of examples on the Continent of publicly run utilities.

With electricity, the party intends to take charge of the companies that run regional power networks by changing their licence terms. Private companies would be left owning - but no longer controlling - electricity lines and substations.

Rail franchises - the rights to run trains in different parts of the country - would be taken up by the state as they expired.

Public ownership for them means not just the principle of control, but ethical behaviour: advice for customers and seeking out the best deals for people who struggle to heat their homes.


MMAAAAATTTEEEE it's a no-brainer no matter how much you try to deny it.

Why the hell should foreign investors benefit from our sky high utility bills and badly run services??

So we would borrow the money. The national debt would go up even further and our interest payments would increase. How would this be funded. Do you believe that public ownership would increase profits or reduce them ?, what with all this ‘ethical’ behaviour and the unions back in control. Why not nationalise the banks, or parts of industry, or everything and make even more of this mythical money. There is a reason why we privatised many sectors, and that’s because they were losing money hand over fist, and they would do again.......Venezuela here we come.....