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COVID-19

Discussion in 'General Chat' started by king karl, Feb 15, 2020.

  1. Rogered Tart

    Rogered Tart Regular Starter
    P.L.22/23 Entrant P.L.23/24 Entrant

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    I'm no expert in anything, just seems to make logical sense. In a business infrastructure sense we are lagging behind other developed countries, a lack of investment for decades has left road and rail networks unfit for purpose in many cases, airports badly rundown. Just don't let Tony Blair organise the repayment terms.
     
    Hulmebantam and Bronco like this.
  2. Dennis

    Dennis Captain
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    The serious answer is that Govt will take on the extra debt as it does routinely by issuing IOU's to raise hundreds of billions to fund the NHS, social care, furloughing, loss of tax receipts, increased welfare payments and so on. These IOU's (we have about £2 trillion at the moment called the national debt!) are more usually called bonds or gilts and as IOUs will have to be repaid at some point in the future - some in a couple of years, others in a decade or so and some up to 30 years hence. Most of it will fall to be repaid by future tax payers although many will be refinanced with more bonds being issued. Despite what somebody said earlier, the Govt doesn't have an overdraft to call on at the BoE (other than for short term issues) and the BoE doesn't simply turn on the printing presses to print a few hundred billion of sterling!

    Those who buy the bonds and therefore own the debt will be pension funds, insurance companies, banks and other financial institutions, foreign investors, foreign Govts, all of whom want a reliable return from a G7 Govt for their own financial purposes and are guaranteed to have the IOU's paid back by the Govt at some point in the future. Small private investors also have a small part to play. Anybody with national savings or premium bonds 'owns' a part of the national debt whether they realise it or not.
     
    RCarol, Hulmebantam, How and 4 others like this.
  3. Storck

    Storck Regular Starter

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  4. MallorcaBantam

    MallorcaBantam Impact Sub

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    To get the economy going in any country
    Double national pensions
    Pensioners will quickly spend it
    Result, the economy gets moving within a few days

    Us oldies can spend like there is no tomorrow :)
     
  5. Bronco

    Bronco Star Player
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    You sound like our lass, but she's not complained whist I've done a load of decking and sealed both ours and my daughters block paving next door ;).
     
    MallorcaBantam likes this.
  6. How

    How Knows Football
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    Has there ever been a more obvious time of the government using the papers to get their messages across? The mail of tomorrow trying to put pressures on the teaching unions to get teachers back to work and not complain “for the national cause”.

    We’ve had the austerity leaks over the last day or two testing the mood of the nation for it no doubt.

    we had the lockdown leaks on every front page.
     
    Jayteebee likes this.
  7. Faithful Bantam

    Faithful Bantam Squad Player

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    I can see a ‘covid tax’ coming in. Rather than arbitrary increases in existing taxes, there’ll be a new one, with loads of patriotic fanfare about ‘every one doing their bit’.
     
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  8. Offcomedun

    Offcomedun Important Player
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    This is what we have been missing for so long. An opposition leader who can get a government briefing paper an hour beforehand, forensically dissect it and leave windbag Johnson drowning in a pool of his own bluster.
    If only the LP had got on with it and had Starmer in place by the end of January. I doubt the government would have gone on a planning holiday for the whole of February with this guy holding them to account.

     
    Jayteebee, Craven Cottager and How like this.
  9. Tony Wilkinson

    Tony Wilkinson Squad Player
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    LOL , If you can stay awake long enough to take in what he's trying to say...........hopeless, but harmless...
     
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  10. The Original EB

    The Original EB Squad Player

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    How about capital gains tax on residential property sales?
     
  11. Campbell's soup

    Campbell's soup Impact Sub
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    He’s giving the LP back a bit of credibility. Rather listen to him than the waffling buffoon.
    Not sure he has the gravitas needed to be a PM, but as a leader of the opposition, he’ll be tearing the CP a new ar5e.
     
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    RCarol likes this.
  12. Dennis

    Dennis Captain
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    Good idea. It will do wonders for the makers of Tena, slip on shoes with a velcro fastening and garden centre cafes although I'm not convinced of its wider impact on our economy ;)
     
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  13. Tony Wilkinson

    Tony Wilkinson Squad Player
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    Not in our lifetime...... :)
     
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  14. How

    How Knows Football
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    Johnson can’t cope at the minute but when the house gets fuller it’s just spoilt by all his bench shouting and laughing whenever he answers. The answer is then lost in all the messing about and he gets by that way.
     
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  15. Tennesseebantam

    Tennesseebantam Important Player
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    That's the first I've seen if Starmer at work. Have to say I am impressed. Certainly an improvement on a bunch of the previous leaders.
    Some of the comments being made on here are cringe worthy and wouldn't look out if place on a Qanon discussion.
     
    Jayteebee, Craven Cottager and How like this.
  16. Faithful Bantam

    Faithful Bantam Squad Player

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    The stronger that all the main political parties are, the more everyone benefits. So wherever you political leanings lie, a stronger Labour leader is a good thing. He's got a huge job on though. And for all the criticism that the Tories will get over how elements of the Covid crisis has been handled, similar scrutiny should be applied to the poor performance of key shadow government ministers.
     
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  17. Offcomedun

    Offcomedun Important Player
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    Not everyone has the attention span of a Trump....sorry, a goldfish.
     
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  18. Fordy117

    Fordy117 Just call me Mr Flip-Flop!
    Bubbles car wash

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    No pay raises for nurses

    Valued though says Hancock.

    That man is a joke to his party.
     
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  19. Skyebantam

    Skyebantam Impact Sub
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    The self employed grant email came through, processed it today, fair play it will be a help going forward.
     
  20. king karl

    king karl Administrator
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    Yep got mine too... fairly straight forward
     
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