There we go. Let's funnel that Yevrage into a Yevolution.
Indeed. Wage increases, asset price increases etc. were founded on assumptions built on air. It's hardly surprising that there has been a consequent stagnation whilst the market ceases shitting itself and some sense of order is restored.
You get private sector growth by removing barriers to entry, and encouraging investment. You achieve this by reducing regulation, thus making it easier for smaller businesses, particularly micro-businesses which comprised 96% of all businesses in the UK in 2014. You also achieve this by reducing corporation tax to allow said businesses to keep more of their profits for reinvestment, growth therefrom, and thus further job creation.
Most businesses struggle to get off the ground, and making it difficult for them is a waste of everybody's time. With respect to larger business, this is a global market and the UK must compete - both for direct FDI and to retain business within their own jurisdiction. See Ireland - the leading recipient of FDI in Europe, with the majority of businesses investing therein citing the taxation regime (whether the headline CT rate or R&D reliefs) as key reasons. Ireland obviously benefits from other factors (e.g. good transport links through Dublin Airport / the port of Dublin, English speaking, strong talent pool of labour) which means you couldn't replicate the effect in, say, Lithuania - but the UK has this also, and should definitely be competing on tax levels post-Brexit through further cuts to CT.
If you want to think that prohibitive taxation levels, increased cost exposure through top-down national minimums (e.g. ever-increasing minimum wages, increasing maternity pay), excessive regulation, and increased barriers to entry - alongside continued government interference to 'correct' the direction of the economy and thus stifle innovation and economic flexibility - are a recipe for economic success, and will result in thirty million people sitting in air-conditioned offices with a latte on the desk beside them then fine.
The Right to Remain!
Someone should really ask (challenge) the likes of Farron as to what type of deal he would be happy to sign off on.
He'll sign off nothing - his entire pitch is that the Lib Dems are the party for the 48%, and that entails refusing to agree to anything Brexit-related. Ideally it'll bring annihilation at the next election, insofar as that's possible when you only have a minivan's worth of MPs.
Well, yes, that was my point. The actual position of most 'parliament must have a say' remain folk is that anything short of full EU membership is unacceptable, and would be voted down. Which is fine, but they should be made to acknowledge the fundamental juxtaposition that an elected official holding such a view represents.
The Anglo-Irish Agreement.
I'm far from giving them a pass on it. The Lord Blair wanted to lock people up for 90 days without trial. I assume they sit down to their first MI5 briefing and suddenly shit themselves that they'll be held responsible if something goes wrong and they'll be accused of "not doing anything to stop it!".
There can be no other explanation for such collective bed-shitting / groupthink.
Speaking of which, I lolled at Tony Blair saying he couldn't come back because the media would be out to get him. Yeah, mate. Yeah.
It's quite interesting watching him agitate from the sidelines about possible ways to block it. It's almost as if he doesn't have the self-awareness to realise his own role in the circumstances leading to a leave vote.
Seems legit.
The Litvinenko case is murky as fuck. If it was any other country we'd have sent their ambassador home and all sorts.
Interesting decision to visit Russia after previously working on a case to take down one of their spies.
"Accidentally brutally cut his head off while combing his hair."
The picture two thirds of the way down this made me think - Trump, 'Milo', Wilders. Why do they all have fucking weird bottle blonde hair?
Boris's isn't weird or artificial enough to qualify.
Listening to some shit yesterday - apparently the banning of letting agent fees is a great thing. So that's something and Hammond > Gideon.
Yeah, that is good.
It's a drop in the ocean in terms of the UK's fucked housing market though.
I was looking at flats etc yesterday as at my age I should be moving out of home. Unless I want to move to Middlesbrough where there are no jobs, I'm looking at £500pm to live in a shoebox, £750+ if I want dignity. I'd therefore need to add about 25% to my salary overnight. I pay my mother £350 to stay at home.
I'm under the national average wage, but not by a lot. Something must be fundamentally broken. Brexit should help this actually.
You also live in a ludicrously expensive area of the country when it comes to that sort of thing.
The "average" salary is apparently £27,000 but I imagine that's distorted by those at the upper end, so the median would be a bit lower.
The North-East average is £18,000. I'm under that. You could see how many Koreans would fit in that shoebox.
Also, John Major is getting some unwarranted criticism for his brexit talk.
I'm over the average wage and am nowhere near saving for it unless I move somewhere in the Midlands.
One of the benefits of being raised by skint, tight parents is that, once I got in work, I kept saving and never spent much. Been working for six years and have £30k together.
This description of the upper echleons on 9/11 is wonderfully British.
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Zac Goldsmith betting that he could get away with pretending he wasn't a Conservative anymore only to lose to a Lib Dem. Lol.
I love by-election victory speeches. The pressure is really on to make the most of your thirty seconds of relevance.
'The poshest people in the wankiest part of the country have sent a message...'
Oh shit mate better slam the brakes on. Please forgive us Belgium.
I'd forgotten how awful Lib Dems are when they win. Let this not become a regular occurrence. I'd be spinning it as a very poor result for them, mind, they should be absolutely pissing Richmond in a by election.
Renzi has been hammered in the constitutional referendum in Italy, almost certainly meaning he'll have to resign.
Well played, mate.
Doesn't that trigger some sort of chain of events that might lead Italy to leave the Euro or something?
If he resigns and there are new elections, the Five Star movement might win. They've been useless when they've won power (see Raggi in Rome), but it's not like that matters.
The Five Star movement want to have a referendum on leaving the single currency. Which the Italians should be doing because a) they've had 0% growth in their economy since 2000 (there's 40% youth unemployment and you might as well sink everything south of Rome into the Mediterranean) and the single currency means they can't devalue to make exports competitive and b) their banks are sitting with €286bn of bad loans which they're, technically, not allowed to have the government bail out. If the banks collapse, it could lead to a run in the Eurozone.
That said, it's great for us because in the event that there are problems in the Eurozone they'll get nowhere by making things difficult for us (i.e. themselves).
If the European Union collapses before we leave then we should keep it going on our own like Roger Waters. Then we can invite who we like on our terms.![]()
The EU will only collapse if Le Pen wins in France. If she wins, there'd be a referendum on "Frexit" and a decent chance that it would win. The Germans are morbidly attached to it, because it allows them to dominate Europe without having to send the Wehrmacht in. We need the French to bring it down.
The Italians may be the third biggest Eurozone economy, but they're basically a non-country at this point. Sixty-three odd governments since WWII.
'We need the French to...' Oh well. Never mind.
WWI broke them. It's unfortunate, but c'est la vie.
The absolute state of that. Renzi is resigning.![]()
Euro just dropped in value. €1.20 to the pound now. I'm sure this shit coincides with my holidays. Bastards.
It's quite impressive how Italy burbles along without actually falling to bits.
In principle, Renzi's reforms were sensible enough - certainly a step in the right direction. Italy isn't far off ungovernable. You only have to look at the state of its economy, the laughable divide between north and south and the number of governments it's had since we rolled the Germans back.
His mistake was making it personal; that is, almost a vote of 'confidence' in him. He's fucked it up himself, because he invited this. The margin of the defeat is so vast as to be almost impossible to come back from.
At this stage, you'd be better going back to 1495 - reconstitute the papal states and hand the newly-reformed Kingdom of Naples (and surrounding territories) to the Spanish.
It's one of those countries (like Spain, and Portugal) where some of it is a third world cesspit and some of it is alright, and ne'er the twain shall meet. Our shit bits at least have some sort of history of doing something.
Why do you lot care about the EU collapsing anymore? You're well out of it now.
Seems like base spite, and nothing better.
Imagine if the 2022 World Cup ends up being the biggest sporting disaster of all time. We'll all be lolling, and the idiots in charge of it will be seething.
It's like that, but funnier.
Because it's an anti-democratic mess that is more interested in maintaining 'the rules' and amassing further power to itself. Its policies will continue to leave millions floundering, and smaller countries will be perpetually shafted by a single currency (and German domination thereof) which makes them internationally uncompetitive. They're basically German satellite states. Which is fine, but probably not conducive to continued long-term support for THE PROJECT.
I also have strong concerns about the role of any common EU 'defence' policy and its overlap with NATO. It doesn't need one, basically, but it's determined to have one so it can have all the trappings of a federalist system which nobody in Europe has, in fact, ever voted for (yet, anyway).
You need only look at the reaction of Brexit to see the bubble these people live in.
if theresa may is to be believed, someone’s about to get fired.
the embattled uk prime minister is keen to eliminate leaks from within her government, and willing to take serious measures to do so, according to a nov. 28 memo from cabinet secretary sir jeremy heywood to senior officials.
“leaking is corrosive and undermines trust and good government,” heywood wrote. “leaks are never acceptable but the regularity and cumulative impact of recent incidents mean we must now collectively take exceptional action. The prime minister has directed that we urgently tighten security processes and improve our response to leaks.”
by dec. 1, the memo—distributed in hard copy instead of by email—had been leaked to the daily mail.
in the memo, heywood said leaders who think leaks “are the necessary cost of open ways…are mistaken,” and that “anyone found to have leaked sensitive information will be dismissed, even when there is no compromise of national security.” he noted that may would be informing ministers of the same.
the note outlined other crackdown measures, including requiring all ministers and officials to use government-supplied mobile phones and empowering security chiefs to seize the phones and email records of suspected leakers.
may’s edict comes as she continues to negotiate britain’s complicated exit from the european union. One recent directive to ministers, also leaked to the mail, said that jokes perpetuating foreign secretary boris johnson’s “cabinet clown” reputation were making it impossible for him to do his job. As a solution, the memo instructed ministers to no longer refer to him as “boris.”
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He shouldn't have said that he'd resign if NO won. He gave everyone who didn't like him the chance to vote to kick him out regardless of what the referendum was about.
I voted YES but I was not too convinced by it, either. I don't really mind either side winning, now we'll see when the elections happen. Technical government (is that what it's called in English?) until then, possibly the elections will be after the financial law in September.