Current Affairs The Labour Party

[larrygobfiend]

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

All the money saved from the years of austerity

 

[zzr45]

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.

Hundreds of Billions. The last estimate I saw in the Guardian was £170 billion just to secure the water. That’s on basic market value, suddenly there will be a massive surge on the value of these shares if it was about to happen. There’s also likely to be expensive legal fees. Selling debt seems daft as hell, unless it’s done as an absolutely air tight ‘we will pay this much.’

If the country ever needs to tighten its belt then the companies would also need to restrict spending, whether that’s less investment in services or an increase in prices.

It won’t be overly simple as some on here claim.

 

[peteblue]

All the money saved from the years of austerity

If you think the actions taken to sort out the mess of the last Labour government resulted in austerity, you would be absolutely crushed by the remedial actions required after a Corbyn Government........always the same, Labour gets in, screws the economy, tories have to bale it out......a never ending cycle......

 

[larrygobfiend]

If you think the actions taken to sort out the mess of the last Labour government resulted in austerity, you would be absolutely crushed by the remedial actions required after a Corbyn Government........always the same, Labour gets in, screws the economy, tories have to bale it out......a never ending cycle......

They're doing a lot of "bailing out" then. It's been a long time now with a Tory government and a hell of a lot of austerity.

 

[tsubaki]

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.....

Pete our national debt has gone up even further anyway. The choice is between having debt and assets or debt and no assets; if any business person deliberately chose the second they'd either lose their job for incompetence or are involved in some form of tax fiddle.

 

[magicjuan]

If you think the actions taken to sort out the mess of the last Labour government resulted in austerity, you would be absolutely crushed by the remedial actions required after a Corbyn Government........always the same, Labour gets in, screws the economy, tories have to bale it out......a never ending cycle......

Erm, wasn't it the bastions of capitalism, 'the banks', that created the platform for austerity?

 

[bol-uk]

If you think the actions taken to sort out the mess of the last Labour government resulted in austerity, you would be absolutely crushed by the remedial actions required after a Corbyn Government........always the same, Labour gets in, screws the economy, tories have to bale it out......a never ending cycle......

Really?The only austerity the tories have implemented is upon the poor. Their wealthy,tax dodging cronies have gotten away with it and have actually benefitted in many cases. While they hide their billions, May has closed libraries,cut the arts, schools,nurses, policing, made people homeless, made them prove they are ill/disabled....the list of their crimes is looong. But, yeh, lets demonise JC for wanting redress the balance

 

[peteblue]

Really?The only austerity the tories have implemented is upon the poor. Their wealthy,tax dodging cronies have gotten away with it and have actually benefitted in many cases. While they hide their billions, May has closed libraries,cut the arts, schools,nurses, policing, made people homeless, made them prove they are ill/disabled....the list of their crimes is looong. But, yeh, lets demonise JC for wanting redress the balance

The reductions in spending were as a direct result of the previous Labour government overspending. There is every likelihood that an incoming Labour government would also overspend without any thought about where the money will come from. Actually they do know, they would borrow it, as usual......

 

[bol-uk]

The reductions in spending were as a direct result of the previous Labour government overspending. There is every likelihood that an incoming Labour government would also overspend without any thought about where the money will come from. Actually they do know, they would borrow it, as usual......

But why hammer the poor? Why not tax their rich friends??

 

[peteblue]

Erm, wasn't it the bastions of capitalism, 'the banks', that created the platform for austerity?

Indeed, so why not nationalise them as well.......

 

[bol-uk]

The reductions in spending were as a direct result of the previous Labour government overspending. There is every likelihood that an incoming Labour government would also overspend without any thought about where the money will come from. Actually they do know, they would borrow it, as usual......

Oh and this..............

 

[peteblue]

But why hammer the poor? Why not tax their rich friends??

This is not a case of hammer the poor. Many of the poorest have been taken out of taxation altogether. Your list of ‘crimes’, closing libraries,cutting the arts, schools,nurses, policing, made people homeless, made them prove they are ill/disabled, how has closing libraries or cutting the arts affected the poor, schools have not had a reduction in teachers, nor nurses in hospitals, how has that affected the poor. Make people homeless, the councils will house anyone that is homeless, made them prove they are disabled, of course because too many were just trying it on and abusing the system. These ‘crimes’ of yours are just the things that any grown up government should when faced with growing debt, rather than just promise to spend even more so that the next time it will be even worse.....

 

[peteblue]

Oh and this..............

Do you understand the difference between deficit and debt. When you do, come back again.....

 

[dholliday]

Oh and this..............

You can use stats and graphs to support almost any viewpoint, depending on how it's presented.

You'll notice a steady upward trend since 9/11, and a steeper trend since the Autumn 2008 Financial Crisis. The fiscal responses to these globally-shaking events were by Labour governments. The picture you're trying to paint is therefore unfair as you're failing to consider global events influencing trends, even when it's staring right at you in this graph.

 

[peteblue]

Pete our national debt has gone up even further anyway. The choice is between having debt and assets or debt and no assets; if any business person deliberately chose the second they'd either lose their job for incompetence or are involved in some form of tax fiddle.

But our yearly deficit has been coming down and it’s no good any businessman acquiring a profitable asset and turning it into an unprofitable one, which is what nationalisation does.....