Trickle Down Economics Explained

[wellyfish]

They have a plan which means giving visas out that in turn will peg back wage rises in the red wall seats they won at the last election. Suicidal doesn't describe it.
It's as though they want to lose the next election.

Maybe.

The plan seems to be:

. take action that 'forces' the BoE to raise interest rates - they could simply instruct the BoE to raise rates but that would give the game away
. let the £ fall until the necessary interest rate has been reached (probably around 5% seems to be the level they think will kill off enough 'zombie companies and free up their resources
. the tax cuts etc. encourage 'sound' companies to invest by buying the resources freed up above

Edit: it's known as 'Creative Destruction'.

People are the most vital resource any nation has so , if we haven't got enough here already, what else can they do but import some?

 

[Pat ex]

People are the most vital resource any nation has so , if we haven't got enough here already, what else can they do but import some?

Wasn't it the great Tory Norman Tebbit that encouraged unemployed people to "get on your bike" and look for work?
Does that refer only to the indigenous unemployed?

 

[gant]

Maybe.

The plan seems to be:

. take action that 'forces' the BoE to raise interest rates - they could simply instruct the BoE to raise rates but that would give the game away
. let the £ fall until the necessary interest rate has been reached (probably around 5% seems to be the level they think will kill off enough 'zombie companies and free up their resources
. the tax cuts etc. encourage 'sound' companies to invest by buying the resources freed up above

Edit: it's known as 'Creative Destruction'.

People are the most vital resource any nation has so , if we haven't got enough here already, what else can they do but import some?

They've cut it fine to the next election under a prime minister without a mandate from the electorate. A plan better done over a five year term of office backed by the electorate would have been a more pragmatic approach.

 

[carmanmemoranda]

They've cut it fine to the next election under a prime minister without a mandate from the electorate.

it's a throw of the dice, at our expense!

if they lose, and lose the next election, then the next government has no option to raise taxes and possibly cut back spending, and gets labelled as the bad people for doing it. Hoping then for another change at the following election.

Gambling, with us as the stakes !

 

[gant]

You don't say, how very observant.

 

[carmanmemoranda]

You don't say, how very observant.

Maybe. But lots of people still support them, and will vote for them.

I wouldn't be surprised if that included you

 

[ajohn]

Thatcher didn't need North Sea oil,or anything else to 'fund' her plans,

She had a considerable income from oil and gas and various sell offs.

Trus & Kwarteng have a plan,

Interesting read. N Sea figures again. Previous comments suggest now possible due to higher prices Not enough money in it was the reason for no more expansion. On shore wind mentioned but not off shore, Curious as off shore has been said to be similar cost wise. It doesn't sound like an increase in productions rates, more carry on as it has been.

Comments about the over 50's not working. Some will be spending their pensions. Some of those will be early retirements due to companies loosing interest in people as they get older in some fields. I wonder what they will do about that, Some will be because they can afford to. A recent BofE report mentioned an increase in the economically inactive. These are not counted as unemployed. Numbers quoted suggest 2m people's earnings do not exceed the income tax personal allowance. They have also said some people need to work more hours. Some say they can't effectively due to child care costs.

All great. VW will move out of Germany and build a giga factory in the UK. Various people have looked at what went wrong with SME's. Answer funding and banks.

 

[gant]

I wouldn't be surprised if that included you

More adolescent ******.

 

[Notch7]

my argument ?

i was taking the pish out of what must be the worst uk gov ever - this is just as country destroying as if Corbyn and Abbott were running the show.

My bad, I didnt explain clearly: -I didnt mean your argument, I meant the person on the video

I did get that you were taking the pish

 

[ajohn]

Wasn't it the great Tory Norman Tebbit

He also said his dad did.

Mrs T in some ways laid the grounds for globalisation. Good UK companies shifted to not making stuff here. Some were pretty crap and couldn't really compete with imports. Some cut their product range which resulted in a much smaller size. ICI is an example. Done on the basis that they couldn't compete due to import costs compared with makers local to the materials needed.

 

[gant]

Automating industries has to come in at a faster rate than relying on the cheap labour employers have got fat on for too long.

 

[wellyfish]

They've cut it fine to the next election under a prime minister without a mandate from the electorate. A plan better done over a five year term of office backed by the electorate would have been a more pragmatic approach.

I agree.
It's a huge gamble.
An awful lot of people will be hurt by the mortgage tax.

If they fail, at the next election we can always vote for the alternat.... oh, wait.

 

[wellyfish]

She had a considerable income from oil and gas and various sell offs.

A currency issuing govt doesn't need an 'income' to spend.
The various sell offs were ideological, nothing to do with revenue.

 

[ellal]

A currency issuing govt doesn't need an 'income' to spend.
The various sell offs were ideological, nothing to do with revenue.

Imagine what position the UK would now be in if thatcher hadn't spaffed the oil revenue onto her mates...

If we'd have followed Norway's lead we'd have one of the largest sovereign wealth funds in the world...

Instead, UK PLC is totally broke!

 

[wellyfish]

Imagine what position the UK would now be in if thatcher hadn't spaffed the oil revenue onto her mates...

If we'd have followed Norway's lead we'd have one of the largest sovereign wealth funds in the world...

Instead, UK PLC is totally broke!

What's your understanding of how fiat economies work?