10-18-2017, 10:26 AM
10-18-2017, 10:39 AM
(Edited 10-18-2017, 10:44 AM by Bill Cosby.)
How misleading is that headline?
As I understand it, the assets aren't missing but are owned by foreign investment into the UK compared to assets owned by British citizens and companies abroad. We have been running a deficit in this manner for years. Value of nvestment into the UK - Value of UK investment abroad = the figure quoted.
10-18-2017, 10:40 AM
The majority of the article is hidden behind a pay wall for me - can you expand on that Bill?
10-18-2017, 10:42 AM
10-18-2017, 10:54 AM
10-19-2017, 10:28 PM
The Tories' economic policies are sound.
10-19-2017, 10:29 PM
The best way out of debt is more debt tbf
10-19-2017, 10:48 PM
What's 2 trillion between friends ?
10-19-2017, 10:48 PM
(Edited 10-19-2017, 10:52 PM by Bill Cosby.)
I'm not sure the Tories can be solely blamed for the national debt. I think it's far more systematic than the fault of one political party.
Certainly you can lay accusations at the route they have chosen in order to lower the deficit and perhaps take aim at austerity rather than investment, however investment would have of course seen increased debt. You can see a similar graph on full fact for the debt under New Labour. https://fullfact.org/economy/labour-and-...onal-debt/
10-19-2017, 10:50 PM
This country is pretty fucked eh? Like, ignoring partisanship aside, we're long term fucked.
10-19-2017, 10:51 PM
I see the express and mail are starting the ground work for the public accepting a no deal Brexit.
10-19-2017, 10:51 PM
10-19-2017, 10:53 PM
10-19-2017, 10:54 PM
10-19-2017, 10:55 PM
(10-19-2017, 10:50 PM)Gregory Wrote: This country is pretty fucked eh? Like, ignoring partisanship aside, we're long term fucked. It's a similar picture the world over. Someone needs to hit the reset switch. I'm all for wealth, enterprise and entrepreneurship but not at the cost of child poverty etc etc etc in 2017.
10-19-2017, 10:57 PM
Varoufakis on This Week just now.
10-19-2017, 10:57 PM
(10-19-2017, 10:55 PM)Bill Cosby Wrote: It's a similar picture the world over. Someone needs to hit the reset switch. I'm all for wealth, enterprise and entrepreneurship but not at the cost of child poverty etc etc etc in 2017. Why would China and that want to hit the reset switch. Just because we're the losers of capitalism now doesn't mean we can throw the toys out the pram and demand the globe to reset itself. China, Russia, India, even parts of africa are doing better than ever before. Were fucked we created this economic system and now getting shagged by it.
10-19-2017, 10:58 PM
10-19-2017, 11:01 PM
(10-19-2017, 10:48 PM)Bill Cosby Wrote: I'm not sure the Tories can be solely blamed for the national debt. I think it's far more systematic than the fault of one political party.Yes it's a peculiar line of attack from lefties who are in favour of borrowing to stimulate the economy. Is the deficit not a better benchmark of how the economy is doing? May be better than Bateman's shitey wee not adjusted for inflation graph anyway. |
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