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Salisbury Fox

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  1. Interesting article about the Fourth Rail legislation that the EU are bringing in 2023 to introduce private sector involvement and market competition on the railways. https://www.independent.co.uk/news/uk/politics/brexit-eu-railways-eu-rules-nationalise-single-market-restrictions-labour-a8968691.html
  2. Geez, I take it he has not forgiven Branson for calling him out on his no seat on the train stunt. Quite embarrassing.
  3. I think we have already established that given that I agreed with Essex fox’s post. Doesn’t alter the fact that McDonnell is a self confessed Marxist though does it? So are we not allowed to trust Boris with the NHS, but we are McDonnell with the economy?
  4. I appreciate what you are saying, but given that McDonnell has described himself as a Marxist in the recent past I don’t share your view. He may have a different hair style now, but I just do not believe that a core belief like that changes over time. It is an issue of trust, which whilst Boris rightly gets stick on here for, I think it is also relevant to the debate for Labour too.
  5. Of course, but just as most rightly do not trust Boris, I find it hard to trust McDonnell who has openly praised its merits. With regards nationalisation on the scale being proposed, coupled with share price setting and various other proposals it is hard to see a detrimental impact on investment and pensions. In my mind this is a worse risk than Brexit.
  6. No I think we are still talking about Marxism, just that someone has cherry picked something from what was said in an effort to detract from the point that was being made. If you define Marxism as being about class struggle with predominant public ownership of the means of production, distribution and exchange then it’s not really much of a stretch for people to conclude that this is what Labour are offering. Especially when McDonnell has openly talked favourably about it in the past.
  7. I don’t think this approach is helpful in the longer term as Labour voters will no doubt have very unrealistic expectations if/when they ever get in. Unless of course you actually believe it is possible to do everything that they are pledging.
  8. The Scots seemed over represented too I thought. It certainly felt like the woman who praised Labour before asking her question was a plant.
  9. I have not meant to offend and so apologies if I came over that way. I accept that there are frustrations with the Tories, but for me I don’t want to leap from the frying pan yet. With regards Education, I agree and share your frustrations. I hope your wife is feeling better now.
  10. I’m not sure why I deserved such a prickly response, but I can live with it. Of course I have biases, who doesn’t. With regards your other post which you tagged me in, I work too hence why my post was at around 0530 this morning. I accept that this is a football fans forum, which is why I was not expecting someone to write a thesis. With regards your offer of me critiquing Labour’s manifesto at that weblink, I think the IFS have already done that. Yes of course the IFS will no doubt cast doubt on the credibility of the Conservative manifesto too, but I would like to think we can agree that it will not be on the same scale given that they will not be rewriting the economic foundations to anywhere near the same scale. in response to your rush reply - Labour’s spending commitments are not expected to be fully funded by tax, which is what the IFS have pointed out. - I accept that the Tories would suffer under the same economic consequences should interest rates on debt rise, but again I am expecting it to be no where near the scale because the borrowing will not be to the same levels, less risk, but risk all the same. Also disagree with some of the priorities, I mean tuition fees, really! Obviously plugging for votes, but a sensible approach would be to leave them or perhaps reduce them at most. - I don’t mind corporation tax going up progressively, but it is what is being introduced with it that is worrying, I mean an instant rise of the minimum wage, shares in businesses for workers, compensation set by the government amongst others are hardly going to increase investment. - Social house building in Wales has hardly been a success, despite McDonnell trying to focus on the future and so I don’t share your optimism. - I am not sure of any comparison data on comparable western spending and so I can’t comment on that. - I am not opposed to part nationalisation of some parts of the economy, but it is the scale that is again worrying. I would agree that an obsession with the privatisation of everything is not the way either, but then conversely neither is the answer being proposed by Labour. I am more down the middle on this issue. I am also concerned by the scrapping of the secondary strike ban, as unions being too powerful has the potential to be detrimental to the economy. - I personally believe that there will be inevitable job losses which will also impact the spending commitments proposed for the reasons I have already mentioned. - The Tories deal on offer at the moment is not a hard Brexit deal although I understand where you are coming from that ultimately it could end up as one. As a remainer I don’t want a hard deal either, but there are not many options available to me. - I would also add that devaluing a companies share price has significant risk for pensions.
  11. I was genuinely hoping that someone would explain how Labour’s manifesto could actually work without turning us into Zimbabwe, but it appears no one is going to break cover. Labour’s borrowing is eye watering and even more than I expected. They have got to hope that interest rates don’t rise on the cost of all of this and given that there are already signs of them doing so I would expect a rise to be inevitable. Unemployment would surely also rise given that corporation tax will go up and the immediate introduction of a £10 an hour minimum wage. Then there is the impact on pensions and investment! On the latter, who will seriously invest in this country when they are expected to give up a proportion of their business and where the government feels that it can arbitrarily set a price, it’s absolutely crazy. Oh and who cares about a t-shirt on a day when Labour introduces a manifesto that has just had the dust blown off it and the date changed from the 1970s.
  12. I would be surprised if these tactics actually help them and I find it very difficult seeing them being defended. I do think the tactics are a reaction to the previous election where Labour were able to make claims that went unchallenged e.g. they will ‘sort’ tuition fees which I think Matt has already pointed out. I do find it strange that despite labour leading this poll, it appears only Alf openly supports Labour being elected on here unless I have missed someone?
  13. No way near on the scale that Labour are suggesting, and certainly not from the same economic position that the UK finds itself in. The level of borrowing this is predicated on is based on low interest rates which are unlikely to remain low given the level of debt we have and what will be our perceived questionable ability to pay it back. Our credit rating is already under threat before even more spunking on the national credit card. https://news.sky.com/story/moodys-downgrades-uks-credit-outlook-after-brexit-paralysis-11857899
  14. Perhaps you could explain the effect of large scale nationalisation and setting the price setting by the government will have on investment.
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