news & politics:discussion

[lost]

These articles always seem so muddled just jumping from different type of company to company saying this is unfair. Surely the question is what is the cost of energy on the market, how much is it re-sold to us and what are the expected costs regarding staffing and infrastructure to do that? 

They always quote amounts rather than profit per customer so say a company makes £600m that may sound alot but if everyone in the country uses their service that's less than £10 a year off your bill, nowhere near the doubling or tripling of bills we are potentially talking about over the winter.

[Guest]

19 minutes ago, steviewevie said:

 if he's talking about nationalising energy he can hardly not mention Starmer's uturn on his pledges during his campaign...

Of course he can, Starmer can’t fix the current energy crises so why mention him at all? Owen Jones can’t resist.

[fraybentos1]

4 minutes ago, Ozanne said:

Of course he can, Starmer can’t fix the current energy crises so why mention him at all? Owen Jones can’t resist.

Maybe cause as leader of the opposition and potential PM, people should be looking at Starmer and see a plan for what he would be doing better in this crisis. Don't think anyone can really see that vision tbh. Apart from some of his more ... devoted fallowers of course

[steviewevie]

27 minutes ago, Ozanne said:

Of course he can, Starmer can’t fix the current energy crises so why mention him at all? Owen Jones can’t resist.

He is arguing for energy to be nationalised...and labour's policy on this has been in the news recently. The tories aren't going to do it, but labour could.

Edited August 4, 2022 by steviewevie

[steviewevie]

Maybe Pelosi has kicked off China's invasion of Taiwan.

[steviewevie]

39 minutes ago, lost said:

These articles always seem so muddled just jumping from different type of company to company saying this is unfair. Surely the question is what is the cost of energy on the market, how much is it re-sold to us and what are the expected costs regarding staffing and infrastructure to do that? 

They always quote amounts rather than profit per customer so say a company makes £600m that may sound alot but if everyone in the country uses their service that's less than £10 a year off your bill, nowhere near the doubling or tripling of bills we are potentially talking about over the winter.

be more like France.

[lost]

4 minutes ago, steviewevie said:

be more like France.

They have nukes. British and German greens don't like nukes.

[Guest]

24 minutes ago, steviewevie said:

He is arguing for energy to be nationalised...and labour's policy on this has been in the news recently. The tories aren't going to do it, but labour could.

It just seems like has to criticise Starmer all the time. I only looked at the article to see how quickly he slated him and to be fair it was quite late in the article. 

[steviewevie]

interest rates up 0.5%...and we'll be entering a recession by end of year apparently.

Good times.

[steviewevie]

Javid has endorsed Truss.

[squirrelarmy]

3 minutes ago, steviewevie said:

interest rates up 0.5%...and we'll be entering a recession by end of year apparently.

Good times.

Talking about entering recessions reduces spending and makes the recession inevitable. 

[lost]

COVID QE being being unwound too. Think they said £10bn a quarter is going to be pulled out of the economy.

[squirrelarmy]

Looks like someone wrote a couple of books on how to make money in a financial crisis. I’m sure I’ve seen that family name before. 🤔

 

[Guest]

Let’s raise interest rates more when people don’t have enough money as it is. Good job clowns.

The Tories have completely lost control of this as well. 

[lost]

2 minutes ago, Ozanne said:

Let’s raise interest rates more when people don’t have enough money as it is. Good job clowns.

The Tories have completely lost control of this as well. 

Gordon Brown made the BOE independent. 

[squirrelarmy]

4 minutes ago, Ozanne said:

The Tories have completely lost control of this as well

They have it completely under control. They will be currently selling unprofitable assets, moving the money offshore and then buying back everything for peanuts once things stabilise. 
 

The general population being screwed over is part of the plan. 

Edited August 4, 2022 by squirrelarmy

[BobWillis2]

1 hour ago, fraybentos1 said:

Maybe cause as leader of the opposition and potential PM, people should be looking at Starmer and see a plan for what he would be doing better in this crisis. Don't think anyone can really see that vision tbh. Apart from some of his more ... devoted fallowers of course

People in their little labour bubble don’t realise that labour are resigned to the opposition benches for another generation. Would be nice if they actually became the opposition at some point during that and tried to hold the government to account for their policies rather than just their personal conduct. 

25 minutes ago, steviewevie said:

interest rates up 0.5%...and we'll be entering a recession by end of year apparently.

Good times.

Thanks China. 

[Guest]

24 minutes ago, lost said:

Gordon Brown made the BOE independent. 

Yes he did, without sounding rude that doesn’t have anything to do with the current issue.

I was pointing out that the BoE raising interest rates is an awful move right now.

The Tories point was separate. 

[Guest]

23 minutes ago, squirrelarmy said:

They have it completely under control. They will be currently selling unprofitable assets, moving the money offshore and then buying back everything for peanuts once things stabilise. 
 

The general population being screwed over is part of the plan. 

I look forward to Keir Starmer being blamed for all this 😉

[Guest]

Where is the PM?

[lost]

6 minutes ago, Ozanne said:

Yes he did, without sounding rude that doesn’t have anything to do with the current issue.

I was pointing out that the BoE raising interest rates is an awful move right now.

The Tories point was separate. 

Ok As you said "this" I thought you were referring to the same point.

If you don't believe believe there is a monetary element to inflation that's fine but it would need different people in the BOE not government. People like the 29 year old Corbynista with a degree in African studies calling herself an economist in the ITV link above.

Most central banks around the world seem agreed on this finally maybe some a bit late so we are simply "following the economics"

Edited August 4, 2022 by lost

[Guest]

1 minute ago, lost said:

Ok As you said "this" I thought you were referring to the same point.

If you don't believe believe there is a monetary element to inflation that's fine but it would need different people in the BOE not government. People like the 29 year old Corbynista with a degree in African studies calling herself an economist in the ITV link above.

That’s very patronising to that lady, she has very good credentials and also has a point. Let’s not get patronising to a young woman like that. 

[lost]

9 minutes ago, Ozanne said:

That’s very patronising to that lady, she has very good credentials and also has a point. Let’s not get patronising to a young woman like that. 

Just pointing she's the economic equivalent to what the mainstream labelled an anti-vaxxer 18 months ago. Its an opinion on the fringe of the mainstream.

Edited August 4, 2022 by lost

[Guest]

1 minute ago, lost said:

Just pointing she's the economic equivalent to what the mainstream labelled an anti-vaxxer 18 months ago.

You’re being very selective of her credentials.

- She studied philosophy, politics and economics at St Peter's College, Oxford, graduating with a first class honours degree.

- She worked as a management consultant for KPMG in their Public Sector and Healthcare Practice division.

- Then she worked as a research fellow for a year at the left-wing think tank, Institute for Public Policy Research in Manchester, specialising in regional economic policy.

Seems qualified to talk on the issue to me. Let’s not disparage a young female who’s probably had those comments her entire professional life. 

[lost]

2 minutes ago, Ozanne said:

Seems qualified to talk on the issue to me. Let’s not disparage a young female who’s probably had those comments her entire professional life. 

I'm happy to. The "following the economics" comment was a tongue in cheek reference referring to society generally doesn't allow alternative opinions nowadays. Even though I think anyone who doesn't think there is a monetary element to inflation is completely wrong.