Andrew Neil Interviews

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Top Claret
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Re: Andrew Neil Interviews

Post by Top Claret » Sat May 27, 2017 3:50 pm

Damo wrote:I clearly don't have as much free time as you. I'm usually too busy to spend hours and hours writing essays on football messageboards.
Perhaps that's why I'll be voting Tory and you will be voting corbyn

Well done Damo you tell the delusional London champagne socialist.
I can well imagine Hampstead sat there in his study in his £5million pound West London mansion sipping champagne and feeling sorry for all us poor folk.

I reckon Hampstead lives off his families inheritance and was educated at some posh public school, bullied and bumned. Thats why he is such a bitter and twisted fella
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taio
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Re: Andrew Neil Interviews

Post by taio » Sat May 27, 2017 3:52 pm

C&J, i have made no threats. Im saying people who call someone a f****n p***k and the likes on the internet should be prepared to say it in person. There's far too much personal abuse written online that few would dream of saying. It's not difficult to grasp.

By the way I've never come across it in person, which is sort of my point. And no I'm not angry and I wasn't when I posted it either.

ClaretAndJew
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Re: Andrew Neil Interviews

Post by ClaretAndJew » Sat May 27, 2017 4:04 pm

So if you're not going to do anything about it in person whys it matter if it stays on here?
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taio
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Re: Andrew Neil Interviews

Post by taio » Sat May 27, 2017 4:11 pm

Because I think calling people a f****n p***k and such behaviour does nothing for this forum. If you think otherwise, fine.

ClaretAndJew
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Re: Andrew Neil Interviews

Post by ClaretAndJew » Sat May 27, 2017 4:13 pm

What does it do in person?

I didn't express an opinion on it,swearing is just language we've used for years.

taio
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Re: Andrew Neil Interviews

Post by taio » Sat May 27, 2017 4:15 pm

ClaretAndJew wrote:What does it do in person?

I didn't express an opinion on it,swearing is just language we've used for years.
I see no point in continuing this with you - we clearly don't and won't agree.

fatboy47
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Re: Andrew Neil Interviews

Post by fatboy47 » Sat May 27, 2017 4:17 pm

Top Claret wrote:Well done Damo you tell the delusional London champagne socialist.
I can well imagine Hampstead sat there in his study in his £5million pound West London mansion sipping champagne and feeling sorry for all us poor folk.

I reckon Hampstead lives off his families inheritance and was educated at some posh public school, bullied and bumned. Thats why he is such a bitter and twisted fella

I do think damo, top claret and the rest of the cloth cap brigade struggle with the concept of labour voters having any kind of wealth.

You below stairs lads should pop round to mine one day...be an eye opener for you.
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ClaretAndJew
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Re: Andrew Neil Interviews

Post by ClaretAndJew » Sat May 27, 2017 4:17 pm

It's all good mate there's nothing everyone will 100% agree on.

TVC15
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Re: Andrew Neil Interviews

Post by TVC15 » Sat May 27, 2017 4:26 pm

taio wrote:Because I think calling people a f****n p***k and such behaviour does nothing for this forum. If you think otherwise, fine.
I called you a f'in pr-ick because you suggested we meet up. It's ok saying your calm and control now - after your pathetic call out.

As it happens I would have absolutely no issue at all saying everything I have on this thread to your face. What would you do at that point ? - calm and collectedly" try and slap me ?

As I said you're hilarious

Damo
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Re: Andrew Neil Interviews

Post by Damo » Sat May 27, 2017 4:31 pm

fatboy47 wrote:I do think damo, top claret and the rest of the cloth cap brigade struggle with the concept of labour voters having any kind of wealth.

You below stairs lads should pop round to mine one day...be an eye opener for you.
I think you will have a hard time finding where I referred to individual posters wealth.

And I'll politely decline your kind invitation thanks

thatdberight
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Re: Andrew Neil Interviews

Post by thatdberight » Sat May 27, 2017 4:52 pm

hampsteadclaret wrote:9..another cracking one liner from dumbdamo...do you ever say anything interesting or type more than 20 words - sorry if my post is too complicated for you, I'll dumb it down next time....how are tips down the car wash these days?
The true colours of the Left. The working class they purport to stand up for? In reality, they have nothing but sneering contempt for them and the jobs they do.
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HatfieldClaret
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Re: Andrew Neil Interviews

Post by HatfieldClaret » Sat May 27, 2017 6:20 pm

Top Claret wrote:Well done Damo you tell the delusional London champagne socialist.
I can well imagine Hampstead sat there in his study in his £5million pound West London mansion sipping champagne and feeling sorry for all us poor folk.

I reckon Hampstead lives off his families inheritance and was educated at some posh public school, bullied and bumned. Thats why he is such a bitter and twisted fella
Hampstead, is there something you're not telling me; has it all been a pretence ? :D

hampsteadclaret
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Re: Andrew Neil Interviews

Post by hampsteadclaret » Sat May 27, 2017 6:20 pm

:lol: :lol: you have to laugh on here sometimes at the clown's and the way they process basic information.

101 and 111...great guesswork lads...you're not far off at all..if I showed my mates your comments I would have to scrape them off the floor.. :D

I grew up on Cromer Grove, Burnley - that is on the 'tin house' estate full of pre-fabricated council houses just off Briercliffe Road...a great upbringing it was as well...and I went to St Theodore's RC School for 6 years.

You don't need to know my life history so coming bang up to date, these were my movements before the West Ham match - I was in the garden of the Swan pub, St James St at about midday, with friends and family, then we went in the Miner's for over an hour [we skipped the Prinny Royal on this occasion, we often go in there]

After the 1-2 defeat we went in the Princess Royal, and then the packed Turf Hotel rear garden to watch the band [where someone fell out of the tree..999 being needed] and then we finished off in the Coach and Horses, and then Aroma restaurant. I was looking for some of my hampstead pals, but I think they'd all cleared off to their Swiss villa's for the weekend. This is pretty typical of our home match Saturdays.

Take a look at your posts, you might want to edit them even, in the light of [my] new information.

When MI5 are next recruiting...nah..don't bother.

hampsteadclaret
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Re: Andrew Neil Interviews

Post by hampsteadclaret » Sat May 27, 2017 6:23 pm

112...you only get the truth off me Hatfield.. :D

Reading that tripe on here [from clowns who have never met me] has truly brightened my afternoon.

randomclaret2
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Re: Andrew Neil Interviews

Post by randomclaret2 » Sat May 27, 2017 6:37 pm

What's this " calling out " expression we keep hearing ? Even our wonderful politicians seem to have latched on to it now, forever telling us we ought to " call out " something or other. I don't think it's an expression I'd heard until the last year or so. Its a bit like when I hear some bright spark starting a sentence with " So...." . I subconsciously switch off .

HatfieldClaret
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Re: Andrew Neil Interviews

Post by HatfieldClaret » Sat May 27, 2017 6:44 pm

114

I'd rather live where you do that NW3 anyway, much nicer.

I still think Corbyn is a **** and deep down so do you.

Anyway, election coming up, more leaflets to deliver before dinner. :)

Imploding Turtle
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Re: Andrew Neil Interviews

Post by Imploding Turtle » Sat May 27, 2017 6:58 pm

thatdberight wrote:The true colours of the Left. The working class they purport to stand up for? In reality, they have nothing but sneering contempt for them and the jobs they do.

You have to be pretty special to think that hampsteadclaret is representative if an entire political wing.

Darthlaw
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Re: Andrew Neil Interviews

Post by Darthlaw » Sat May 27, 2017 7:00 pm

I thought overall Corbyn came across better than May and, as has already been mentioned, managed to talk about his party's policies in lieu of trying to highlight Tory weaknesses. As a public persona there's no doubt who is the stronger character.

Personally, my main concerns with Labour are their fiscal responsibility. The part where he wouldn't admit that government bonds were debt, under pressure from AN, again showed to me that Labour are primed to blow as much money as they can leaving the bill with the next generation or, at best, another 'sorry there's no money left' memo for the next Tory government left to pick up the pieces.

For me it speaks volumes about our society that there has been outrage with the Torys trying to solve the problem that is social care, whilst Corbyn has surged under his free this, free that manifesto.

It would disappoint me that this mantra would see Labour win but It's just the way it is - spend the money on the credit card and someone else can figure out how to pay it back later...
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thatdberight
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Re: Andrew Neil Interviews

Post by thatdberight » Sat May 27, 2017 7:15 pm

Imploding Turtle wrote:You have to be pretty special to think that hampsteadclaret is representative if an entire political wing.
I'm not going to list all the instances I've seen but let's at least throw in Lady Nugee, daughter of a UN Assistant Secretary-General, as another one who detests the hoi polloi but loves that they vote for her.

Imploding Turtle
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Re: Andrew Neil Interviews

Post by Imploding Turtle » Sat May 27, 2017 7:18 pm

thatdberight wrote:I'm not going to list all the instances I've seen but let's at least throw in Lady Nugee, daughter of a UN Assistant Secretary-General, as another one who detests the hoi polloi but loves that they vote for her.
:lol: yeah, well her sister-in-law's third cousin holds the opposite view therefore you're wrong.

hampsteadclaret
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Re: Andrew Neil Interviews

Post by hampsteadclaret » Sat May 27, 2017 7:33 pm

118...I suggested above [73 and 83] that National Debt maybe isn't a significant problem, and I also asked why it was that private sector debt was ok but public sector debt was anathema...you don't have to read them.

More specifically..'spend the money on the credit card and someone else can figure out how to pay it back later...' [118]

If the state borrow money and spend/invest it wisely...say on education and health infrastructure, improvements in transport provision, new housing, new bigger prisons and sensible investment in armed forces hardware and much more...don't future generations benefit from this ? Why should they therefore not contribute to the cost of it?

CrosspoolClarets
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Re: Andrew Neil Interviews

Post by CrosspoolClarets » Sat May 27, 2017 7:45 pm

Darthlaw wrote:For me it speaks volumes about our society that there has been outrage with the Torys trying to solve the problem that is social care, whilst Corbyn has surged under his free this, free that manifesto.
This.

I personally thought May made a balls up of the original social care plan, and was right to backtrack, but the above point is very relevant.

Our country needs these things very badly right now - firm laws to stamp down hard on extremism, a strong economic model (not necessarily austerity but not spend spend spend), bold decisions outside the EU, managed migration and tough decisions relating to the aging population.

That Corbyn is so clearly not the answers to the above, but a huge swathe of the public think he is the saviour of Britain, leaves me fearing for the future. Not because of him, but because of that chunk of the public who will be here long after he is no longer leader.
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tim_noone
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Re: Andrew Neil Interviews

Post by tim_noone » Sat May 27, 2017 7:59 pm

hampsteadclaret wrote::lol: :lol: you have to laugh on here sometimes at the clown's and the way they process basic information.

101 and 111...great guesswork lads...you're not far off at all..if I showed my mates your comments I would have to scrape them off the floor.. :D

I grew up on Cromer Grove, Burnley - that is on the 'tin house' estate full of pre-fabricated council houses just off Briercliffe Road...a great upbringing it was as well...and I went to St Theodore's RC School for 6 years.

You don't need to know my life history so coming bang up to date, these were my movements before the West Ham match - I was in the garden of the Swan pub, St James St at about midday, with friends and family, then we went in the Miner's for over an hour [we skipped the Prinny Royal on this occasion, we often go in there]

After the 1-2 defeat we went in the Princess Royal, and then the packed Turf Hotel rear garden to watch the band [where someone fell out of the tree..999 being needed] and then we finished off in the Coach and Horses, and then Aroma restaurant. I was looking for some of my hampstead pals, but I think they'd all cleared off to their Swiss villa's for the weekend. This is pretty typical of our home match Saturdays.

Take a look at your posts, you might want to edit them even, in the light of [my] new information.

When MI5 are next recruiting...nah..don't bother.
was you on Cromer grove when the tappers and Rory Kennedy lived there?

Spijed
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Re: Andrew Neil Interviews

Post by Spijed » Sat May 27, 2017 8:05 pm

CrosspoolClarets wrote:That Corbyn is so clearly not the answers to the above, but a huge swathe of the public think he is the saviour of Britain, leaves me fearing for the future. Not because of him, but because of that chunk of the public who will be here long after he is no longer leader.
Is Teresa May really any better though? When you hear her give speeches in public it's clearly obvious why the Conservative spin doctors want her to do as little public speaking in this campaign as possible.

Surely even the most ardent Tory supporter must admit that as a world leader, she is woefully out of her depth. She struggles as a public speaker, something that as the leader of the government is essential. She hesitated, looked nervous, and got agitated when the social care u-turn came to light. As a leader you have to a calm exterior, something she really struggles with.

She simply isn't up to handling the pressure. She'll also get ripped apart in the Brexit negotiations as a result.

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Re: Andrew Neil Interviews

Post by Darthlaw » Sat May 27, 2017 8:21 pm

121 - Here's where your Labour tendencies show

Post 73 you gave examples of Mortgages, business loans and loans in general. Common theme? - they must be paid back. What happened when the banks lent to all those who couldn't afford to pay it back? What do you think happened to Alan Sugar and Richard Branson's earlier less successful ventures when they couldn't afford to pay back their business loans?

in the spirit of your post - Heres a question to anyone with any common sense - If someone said they wanted to borrow money, more the next year and so on and had no explanation of how they would pay it back, let alone reduce how much they were borrowing from you - Would you lend them money?

Post 83 - Is idealistic. Classic Labour. The debt is not internalised and, unless you're going to over pay the current owners of the debt to buy it back, that isn't going to change any time soon.

In terms of investment in infrastructure, maybe you could tell me where future generations will benefit from any of the following which we will be racking up the debt for now:

Free kids meals at school.
Abolishing Tuition fees.
Increasing public sector pay.
Reinstating housing benefit to under 21's.
Increasing universal credits to families with more than two kids,

What will we have that is tangible from all of these policies which we can use to repay debt in the future?

Frankly, most of the above 'free' giveaways will just be paid for in the future by the youngest in society who have received it. That's what makes it so laughable that they are attracted to the Labour 'buy now pay later' policies in the first place.

Darthlaw
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Re: Andrew Neil Interviews

Post by Darthlaw » Sat May 27, 2017 8:29 pm

Spijed wrote:Is Teresa May really any better though? When you hear her give speeches in public it's clearly obvious why the Conservative spin doctors want her to do as little public speaking in this campaign as possible.

Surely even the most ardent Tory supporter must admit that as a world leader, she is woefully out of her depth. She struggles as a public speaker, something that as the leader of the government is essential. She hesitated, looked nervous, and got agitated when the social care u-turn came to light. As a leader you have to a calm exterior, something she really struggles with.

She simply isn't up to handling the pressure. She'll also get ripped apart in the Brexit negotiations as a result.
If oration or presentation on TV is the sole skill we look for in a PM, then Teresa May is goosed. Thankfully most look into it a little more than that. They can all do what they like in front of a camera but it's when they are forced to make real decisions that matter, that you see their character. That's what makes these TV debates and Interviews such americanised tosh.

Corbyn has come across well on TV but would I trust him to react quickly should someone like Putin start more daftness in Ukraine, or the next East European country, he want's to bring back into the bloc?
Last edited by Darthlaw on Sat May 27, 2017 8:32 pm, edited 1 time in total.

Damo
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Re: Andrew Neil Interviews

Post by Damo » Sat May 27, 2017 8:29 pm

How many times did Corbyn state that he had never met the IRA last night?
Dianne Abbott today admitted that he did.
What else is he lieing about?

Spiral
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Re: Andrew Neil Interviews

Post by Spiral » Sat May 27, 2017 8:35 pm

Darthlaw wrote:For me it speaks volumes about our society that there has been outrage with the Torys trying to solve the problem that is social care, whilst Corbyn has surged under his free this, free that manifesto.

It would disappoint me that this mantra would see Labour win but It's just the way it is - spend the money on the credit card and someone else can figure out how to pay it back later...
1. Enjoy your pension when your pension fund can't access secure bonds. Just cross your fingers and toes that the market doesn't tank, I suppose.

2. Borrowing will fund investment, not spending.

3. 0.25%. Madness to not take advantage of a historically low base-rate.

4. The credit card comment is absolute nonsense. Nation states don't operate according to the same economic principles as domestic households.

Perhaps only half of the Labour manifesto will come into effect. Hell, even if a quarter is enacted, taking into account the effects of Brexit, it's still a direction of travel that favours normal working people more so than the 'grateful serf' ideology the Conservatives seem to have cultivated.
Last edited by Spiral on Sat May 27, 2017 8:55 pm, edited 1 time in total.
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Murger
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Re: Andrew Neil Interviews

Post by Murger » Sat May 27, 2017 8:49 pm

Both were car crash interviews. I still have no idea who to vote for.

mdd2
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Re: Andrew Neil Interviews

Post by mdd2 » Sat May 27, 2017 8:54 pm

hampsteadclaret wrote:I'm a happy lad but occasionally dismayed at the lying ignorant uninformed selfish Krapp that gets posted on here daily.
Well then Hampstead, stop posting. :D :D

hampsteadclaret
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Re: Andrew Neil Interviews

Post by hampsteadclaret » Sat May 27, 2017 9:07 pm

- that would be giving in mdd2 and that is not in my nature..this week of all weeks.

I did say 'occasionally dismayed'..I didn't say distraught.. ;)

Damo
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Re: Andrew Neil Interviews

Post by Damo » Sat May 27, 2017 9:20 pm

Woosh

nil_desperandum
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Re: Andrew Neil Interviews

Post by nil_desperandum » Sat May 27, 2017 10:08 pm

I just don't see the point in engaging much on the topic of whose figures add up, and whose don't, since all these figures will most likely be blown out of the water as the Brexit negotiations unravel. It's only then that we'll have some idea of what everything might cost, and how much money might be available to pay for it.
Last edited by nil_desperandum on Sat May 27, 2017 11:14 pm, edited 1 time in total.

CrosspoolClarets
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Re: Andrew Neil Interviews

Post by CrosspoolClarets » Sat May 27, 2017 10:35 pm

Spijed wrote:She struggles as a public speaker, something that as the leader of the government is essential.
This is the bit I respectfully disagree with.

Yes, it is a quality that is useful to have. We have had the smooth delivery of Blair and Cameron, and the soapbox style of Brown that Corbyn is similar to. May is not as good as any at this, but then neither is Mrs Deadpan - Angela Merkel. She seems to be making a decent stab at this leader lark.

I have said before she is paranoid due to her lack of trust in others - that is her weakness. She has done a "Dyche" and sat on a lead rather than pushing on, a huge error. She is steely and principled though, and loves Britain. Corbyn is weak and loves his principles. A big difference. I worry (understatement of the year) about the stuff Corbyn has NOT put in his manifesto but may seek to bring in if he could afterwards. All of us can only guess about what that is.

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Re: Andrew Neil Interviews

Post by AndrewJB » Sat May 27, 2017 10:37 pm

taio wrote:Your final comment is simply delusional - no way public spending will fall while reducing the deficit under Corbyn..it's not even complicated. I respect the view of those who want to see investment in public services though. Reliance on growth is interesting when so many believe that our economy is going to get hammered over the course of the next parliament because of brexit
Some public spending can go down through Labour's policies; For example: Building social housing will reduce our dependence on the private sector for housing. This will bring down the cost. Resting jobs will reduce unemployment. Bringing in a higher minimum wage will reduce the need for support. Renationalising railways and utilities can bring in different pricing structures that bring down the costs. Bear in mind as well that investing in front line services means problems.can be dealt with earlier, meaning fewer expensive later interventions. And with the economy kickstarted by this spending, tax receipts will go up.

Contrast this with May's policy of more cuts, and further tax breaks for those who don't need them. This path we've been on for the last seven years has seen us go nowhere. I odon't believe they will ever get rid of the deficit, because it gives them the excuse for permanent austerity.
W
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IanMcL
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Re: Andrew Neil Interviews

Post by IanMcL » Sat May 27, 2017 10:42 pm

HatfieldClaret wrote:Timing and reasons for meeting were a bit different though. And mcguinness was IRA
McGuinness became a very good mate of Rev Paisley - polar opposite. HM Queen was ok with it all. Peace came through bravery of those leaders, when their own death from the It a was distinctly possible.

May continually cocked up the removal of terrorists, so a liability if you choose to consider these things important.

May will soon be over...even UKIP dissing her, big time.

nil_desperandum
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Re: Andrew Neil Interviews

Post by nil_desperandum » Sat May 27, 2017 10:59 pm

CrosspoolClarets wrote: A big difference. I worry (understatement of the year) about the stuff Corbyn has NOT put in his manifesto but may seek to bring in if he could afterwards. All of us can only guess about what that is.
Totally unnecessary to worry about this. You're not a fool and therefore you know that it's mathematically impossible for Corbyn to get an overall majority. Even if May were to lose her majority, which is still highly unlikely, it would take an unprecedented swing and and even then it couldn't happen without Corbyn winning seats in Scotland, and there's simply no way that the SNP vote will crumble to let Labour in north of the border. The Conservatives might make gains up there, but the chance of any significant gains for Labour up there are virtually nil.
In effect the Labour Party would have to make 100 net gains in England and Wales.

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Re: Andrew Neil Interviews

Post by HatfieldClaret » Sun May 28, 2017 12:27 am

IanMcL wrote:McGuinness became a very good mate of Rev Paisley - polar opposite. HM Queen was ok with it all. Peace came through bravery of those leaders, when their own death from the It a was distinctly possible.

May continually cocked up the removal of terrorists, so a liability if you choose to consider these things important.

May will soon be over...even UKIP dissing her, big time.
I get what you're saying Ian, MM came good in the end. However, Corbyn was supporting him when MM was the IRA leader. Bit of a difference.

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Re: Andrew Neil Interviews

Post by IanMcL » Sun May 28, 2017 12:57 am

I think you will find that Corbyn believes that the only way for real peace is through dialogue and not bullets. That is why he has met so many yukky folk along the way. Not to support but to try and get them to search for peace.

I am not a Corbynite, far from it. However, the Labour manifesto actually has help for the most important issues which affect us mere mortals. The tories and some on here go on about Labour's financial credibility and yet the Labour years were fantastic. Only the world financial crisis, caused by the Yanks, brought down the world 'capitalist' system and the tories turned a series of positive financial moves, which were having a positive effect, into 'Austerity'. Shrink the economy, give people fear, so they work for nowt and keep shtum when pushed around by the bosses. This means the very rich can exploit them easier and make many fortunes at the expense of the increasing poor.

Sadly people believe tory propaganda too readily. That's what a lack of thinking ability does for you!

Never vote for people who kill foxes for sport, deprive the old and young, keep the workers short and feed the rich. It's bad for your health...and education.
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Wokingclaret
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Re: Andrew Neil Interviews

Post by Wokingclaret » Sun May 28, 2017 1:04 am

Ian

Who would not vote for the labour manifesto, very Cleverley he is offering Christmas over the next 5 years. But it will bankrupt us. In Burnley terms its betting the ranch.

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Re: Andrew Neil Interviews

Post by Imploding Turtle » Sun May 28, 2017 1:05 am

IanMcL wrote:I think you will find that Corbyn believes that the only way for real peace is through dialogue and not bullets.
I'm ok with that, as long as we all agree that ISIS cannot and should not be negotiated with. These people are literally conquerors, like the Nazis (you ok with it this time Sidney?) and giving them anything resembling legitimacy would be a betrayal of humanity.

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Re: Andrew Neil Interviews

Post by dsr » Sun May 28, 2017 1:08 am

Spiral wrote:3. 0.25%. Madness to not take advantage of a historically low base-rate.
The way to take advantage of a low base rate is to pay back the loans as fastr as possible. If you have £100k loan and you're currently paying £2k in interest @ 2%, when you could afford to pay £10k total, then you take advantage of the low rates by paying £8k off the capital. You don't take advantage by borrowing another £400k, because although you can pay the £10k interest now, when the rate goes up to 6% you can't afford the £30k interest to service the debt.

Borrowing money on investment projects is all very well if you know you can sell the asset later. That doesn't work for governments.

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Re: Andrew Neil Interviews

Post by Damo » Sun May 28, 2017 1:08 am

IanMcL wrote:I think you will find that Corbyn believes that the only way for real peace is through dialogue and not bullets. That is why he has met so many yukky folk along the way. Not to support but to try and get them to search for peace.
Why did he vote against the Anglo Irish agreement, which would of brought peace before the good Friday agreement?
Corbyn had nothing to do with peace in Ireland.

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Re: Andrew Neil Interviews

Post by Spiral » Sun May 28, 2017 1:19 am

Wokingclaret wrote:Ian

Who would not vote for the labour manifesto, very Cleverley he is offering Christmas over the next 5 years. But it will bankrupt us. In Burnley terms its betting the ranch.
Any chance you could enlighten us all as to how a country would actually go about declaring bankruptcy?

(Hint: it's literally not possible)

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Re: Andrew Neil Interviews

Post by Imploding Turtle » Sun May 28, 2017 1:29 am

Spiral wrote:Any chance you could enlighten us all as to how a country would actually go about declaring bankruptcy?

(Hint: it's literally not possible)

If there's anyone who knows how to bankrupt something it's Donald Trump, so just wait i guess.

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Re: Andrew Neil Interviews

Post by Spiral » Sun May 28, 2017 1:37 am

dsr wrote:Borrowing money on investment projects is all very well if you know you can sell the asset later. That doesn't work for governments.
Not necessarily true. Theoretically, many infrastructure investments have built-in fiscal multipliers that essentially negate the cost of borrowing by providing a net gain to the overall economy.

Classic, if incredibly simplified, example: the state building a bridge between two towns separated by a river, thus increasing commerce between both towns, thus mutually increasing prosperity.

Reductive example: Healthy people are more productive workers than sick people.

Reductive example: Intelligent and literate people are more productive workers than illiterates.

I'm using reductive examples because the efficacy of capital expenditure is a political-philosophical gap that I think you and I will never be able to bridge.
Last edited by Spiral on Sun May 28, 2017 2:09 am, edited 1 time in total.

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Re: Andrew Neil Interviews

Post by Damo » Sun May 28, 2017 1:39 am

Spiral wrote:Any chance you could enlighten us all as to how a country would actually go about declaring bankruptcy?

(Hint: it's literally not possible)
I think what Woking means is we will end up like Venezuela.
Corbyn was a big fan of Chavez and will more than likely financially cripple the UK, like Chavez and his PSUV party did over there

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Re: Andrew Neil Interviews

Post by Imploding Turtle » Sun May 28, 2017 1:50 am

dsr wrote:The way to take advantage of a low base rate is to pay back the loans as fastr as possible. If you have £100k loan and you're currently paying £2k in interest @ 2%, when you could afford to pay £10k total, then you take advantage of the low rates by paying £8k off the capital. You don't take advantage by borrowing another £400k, because although you can pay the £10k interest now, when the rate goes up to 6% you can't afford the £30k interest to service the debt.

Borrowing money on investment projects is all very well if you know you can sell the asset later. That doesn't work for governments.
When governments take out loans they don't do it on a variable rate, that'd be insane. They borrow at fixed rates. That's why when rates are low you're supposed to borrow to pay for **** that you might otherwise end up having to borrow for when rates are high again.

And you don't have to be able to sell things to repay debt. Infrastructure is a perfect example of something that governments should borrow in order to invest in when rates are low. Here's a good example of why.
dude on reddit wrote:There are 2 cities separated by a river and you want a bridge. If the government created a "bridge tax" and saved until it had enough for the entire bridge before building, it would take over a decade - some people will have paid tax and died/moved/etc... getting no benefit for their taxes. Also the bridge is going to be around 30+ years, so there are people not even born who will get benefit from the bridge and who arguably should [shoulder] some of the cost. When the bridge is in place, the economy of the cities goes up as trade increases and more people can find a job across the bridge - increasing the government's tax revenue.
So sell government debt (long term bonds) to fund construction, use the increased tax base to repay the debt and create an asset for society.

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Re: Andrew Neil Interviews

Post by Spiral » Sun May 28, 2017 1:53 am

Damo wrote:I think what Woking means is we will end up like Venezuela.
Corbyn was a big fan of Chavez and will more than likely financially cripple the UK, like Chavez and his PSUV party did over there
Show me the commodity the UK economy is almost entirely reliant upon and I'll begin to listen. Show me where Corbyn has called for a planned-economy and price caps on essentials and I'll listen even more closely. In fact, I'll double down on that. If he brings in price caps on food, I'll go out in the streets and protest against him right along side you.

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Re: Andrew Neil Interviews

Post by dsr » Sun May 28, 2017 2:17 am

Imploding Turtle wrote:When governments take out loans they don't do it on a variable rate, that'd be insane. They borrow at fixed rates.
On an absolutely literal level, that's true. A government bond (like a corporate bond) is at a fixed interest rate over the term of the bond.

But you can mislead by suppression of the truth; you don't need to tell lies. And suppression of the truth is what you're doing here, because I don't believe you can have such a simplistic view of how bonds work. To clarify: at the end of the life of a bond, the government has to pay it back in full. But the government doesn't have a large well of petty cash; so it issues a new bond. And if the bond rates have gone up, then the practical effect is that they have to pay more interest. As you well know.

But I do admire your faith in the efficiency of government spending. Is the Humber Bridge the example you had in mind?

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