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The economy is totally and utterly fucked


Wight Flight
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ILikeCake
9 minutes ago, satch said:

Interesting how we have world-wide moved on and re-defined the thing we need to worry and panic about. In the beginning we were informed that we needed to be worried about the number of deaths from Covid. This changed and we needed to be worried about the number who have died with Covid. Then there was concern about the hospitals being over whelmed i.e. the number of infections needing hospital treatment. Then we were told to worry about the number of infections or cases irrespective of whether they need treatment in hospital.

An infection of course can have no symptoms especially in the young who are the main demographic being infected as the oldies have protection from the jab. The figures of infected and jabbed and infected and non-jabbed seem to indicate you are two to three times more likely to be infected if you have not been jabbed. Very rough maths as 50% infected are jabbed and 50% non-jabbed and jabbed (one dose) are 67% of population. Infected therefore will tend to be younger and have mild symptoms if any at all.

Now the panic is about someone who may, possibly, could have been, in close contact with someone who could, possibly, may be infected because they could, possibly have been or may have been near someone who has Covid and so they need to self-isolate (unless you are a VIP football official or other elite).

Wear you mask. Get your tist. Have your vaccine. Your safely is our number one priority.

 

3 weeks to flatten the curve.

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6 hours ago, Reck B said:

Family member living it Melbourne just anounced they are back in 'stage 4' lockdown off the back of 19 'cases'

Essential workers only, 5km max travel from house, allowed 'out' for an hour.

The newspapers print handy diagrams of how/who did the spreading.  Just need to put names and addresses of any unvaxxed in the chain :D

image.thumb.jpeg.cf73ea5bb0bd009cc271ef036068da56.jpeg

I think in every instance if this the "infected" has been to a high capacity sporting event. Every time. In other words, they're making it up.

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Bien Pensant
9 hours ago, Reck B said:

Family member living it Melbourne just anounced they are back in 'stage 4' lockdown off the back of 19 'cases' recent announcements regarding Maricopa.

 

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Ash4781b
On 15/07/2021 at 14:50, JFK said:

I'm monitoring supermarket prices by keeping receipts, by my back of the fag packet reckoning, food inflation is running at 10-15% since last year, plus the usual shrinkflation, diesel at about 15%.

Hey it's ok because there will be bugs to eat

 

I bought the £1 pizza from the supermarket but it’s size seems to have decreased by I think 20%. Annoying as didn’t realise as it was in same packaging printing but a smaller box.

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ashestoashes
Just now, Ash4781b said:

I bought the £1 pizza from the supermarket but it’s size seems to have decreased by I think 20%. Annoying as didn’t realise as it was in same packaging printing but a smaller box.

you can eat the box as well

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Wight Flight
Just now, ashestoashes said:

you can eat the box as well

You need to add chilli flakes to bring out the flavour.

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  • 2 weeks later...

Good read -
https://www.express.co.uk/comment/expresscomment/1468293/boris-johnson-rishi-sunak-what-is-Britain-s-coronavirus-debt-Covid-19

Boris must stop wanting us to love him and GROW UP! says SIR BERNARD INGHAM

THE day of reckoning is at hand. Given the state of public attitudes, the Government will not be a pretty sight when it arrives.

By SIR BERNARD INGHAM

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

It will certainly put Chancellor Rishi Sunak’s feet to the fire and possibly subject Boris Johnson, given his cavalier approach to money, to the ultimate test. Only those with their eyes closed and ears blocked would suggest that the nation is ready for the reckoning. Indeed, there is scant regard for the uncomfortable fact that the Government has spent £400bn fighting Covid-19, has a budget deficit of around £300bn and a soaring national debt of very nearly £2trillion (thousand billion).

Gordon Brown’s £153bn deficit after the 2008-9 crash brought what was often curiously described as Tory austerity and had not been eliminated when Covid-19 struck.

You could argue we are back where we started - and in spades.

Yet what is the response when rising inflation threatens to send our debt servicing bill into the stratosphere?

Well, as an old labour correspondent, I would never expect the unions to have the slightest regard for the state of the economy. True to form, some public sector unions are calling for big pay rises and threatening strikes.

They also have a remarkable aversion to detailed testing since it would allow their members to work instead of wasting their lives - and the economy - isolating at home.

It is clear that the teachers’ unions - as distinct from many teachers - are not uniquely self-obsessed in their obstructive ways.

It is a legitimate question as to what has happened to the concept of public service, even though NHS staff have been awarded the George Cross for their devotion to pandemic duty.

More widely, we even have a quango suggesting that MPs on £81,000 a year should get a bigger pay rise than public sector workers generally. Not much evidence there of common, political or financial nous.

And, dammit, the Government even hands the French £54 million to intensify their “control” of cross-Channel immigrants when we are all pretty certain they want rid of them.

This was followed by Boris Johnson with another high-flown promise to allot a copper to every burglary victim apparently regardless of the cost or its feasibility.

We can reach only one conclusion from all this: neither the Government nor the public appreciate the enormity of the debts round our necks.

Yet sooner or later - and preferably sooner - we are going to have to face up to them. Otherwise, they will continue growing, seriously weaken the nation at a time of international tension and pile ever more debt on future generations.

If there is one thing we need today it is the Housewives’ Union making Micawber’s eternal point in homely terms: “Annual income £20, annual expenditure nineteen nineteen and six, result happiness. Annual income £20, expenditure 20 and six, result misery”

There is no way of avoiding the fact that a Government spending more than it raises in tax faces inevitable constraints in crises.

And in those circumstances the people who suffer most are the least well off. So much for levelling up the nation.

It is an open question whether a Government led by Boris Johnson is capable of living by Mr Micawber’s economic philosophy. It seems to be more in his nature to wait, like Micawber, for something to turn up.

We can be sure that something will turn up soon and that it will not be pleasant, even though the economy seems to be roaring back from a low point. A budget deficit of £300bn is a very deep hole to fill.

One answer, idiotically being canvassed, is a Prime MInister’s Department incorporating the Treasury. Yet there never was a time when we needed an independent Treasury dedicated to balancing the books.

There is, frankly, only one thing to be done: Boris Johnson must stop wanting to be loved. For his own sake as well as ours, he needs to reinvent himself as the guardian of the public purse. Otherwise, he will stand condemned of neglect of the people’s and the nation’s interests.

There was always going to be a pandemic reckoning in financial, economic, security and - yes - personal terms represented predominantly by the huge medical backlog.

The sooner Boris Johnson and Rishi Sunak come together to bring order out of potential chaos the better. They may not initially win many plaudits but they will earn respect. Respect, as distinct from immediate admiration, is a valuable political commodity - as Margaret Thatcher demonstrated.

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18 hours ago, Hancock said:

Good read -
https://www.express.co.uk/comment/expresscomment/1468293/boris-johnson-rishi-sunak-what-is-Britain-s-coronavirus-debt-Covid-19

Boris must stop wanting us to love him and GROW UP! says SIR BERNARD INGHAM

THE day of reckoning is at hand. Given the state of public attitudes, the Government will not be a pretty sight when it arrives.

By SIR BERNARD INGHAM

We use y

....

10/10 EFFORT POST/ARTICLE

 

Unfortunately it won't happen.

As the corona crisis showed us (if you believe it or not its irrelevant), politicians are reactive not pro active, and will only spring into action when it's too late. (Virus appeared in the news in Jan 2020, lockdowns came in April 2020, 4 months apart and without shutting off international air travel which would have been the smart thing to do day one)

 

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On 27/07/2021 at 16:43, Hancock said:

Good read -
https://www.express.co.uk/comment/expresscomment/1468293/boris-johnson-rishi-sunak-what-is-Britain-s-coronavirus-debt-Covid-19

Boris must stop wanting us to love him and GROW UP! says SIR BERNARD INGHAM

THE day of reckoning is at hand. Given the state of public attitudes, the Government will not be a pretty sight when it arrives.

By SIR BERNARD INGHAM

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

It will certainly put Chancellor Rishi Sunak’s feet to the fire and possibly subject Boris Johnson, given his cavalier approach to money, to the ultimate test. Only those with their eyes closed and ears blocked would suggest that the nation is ready for the reckoning. Indeed, there is scant regard for the uncomfortable fact that the Government has spent £400bn fighting Covid-19, has a budget deficit of around £300bn and a soaring national debt of very nearly £2trillion (thousand billion).

Gordon Brown’s £153bn deficit after the 2008-9 crash brought what was often curiously described as Tory austerity and had not been eliminated when Covid-19 struck.

You could argue we are back where we started - and in spades.

Yet what is the response when rising inflation threatens to send our debt servicing bill into the stratosphere?

Well, as an old labour correspondent, I would never expect the unions to have the slightest regard for the state of the economy. True to form, some public sector unions are calling for big pay rises and threatening strikes.

They also have a remarkable aversion to detailed testing since it would allow their members to work instead of wasting their lives - and the economy - isolating at home.

It is clear that the teachers’ unions - as distinct from many teachers - are not uniquely self-obsessed in their obstructive ways.

It is a legitimate question as to what has happened to the concept of public service, even though NHS staff have been awarded the George Cross for their devotion to pandemic duty.

More widely, we even have a quango suggesting that MPs on £81,000 a year should get a bigger pay rise than public sector workers generally. Not much evidence there of common, political or financial nous.

And, dammit, the Government even hands the French £54 million to intensify their “control” of cross-Channel immigrants when we are all pretty certain they want rid of them.

This was followed by Boris Johnson with another high-flown promise to allot a copper to every burglary victim apparently regardless of the cost or its feasibility.

We can reach only one conclusion from all this: neither the Government nor the public appreciate the enormity of the debts round our necks.

Yet sooner or later - and preferably sooner - we are going to have to face up to them. Otherwise, they will continue growing, seriously weaken the nation at a time of international tension and pile ever more debt on future generations.

If there is one thing we need today it is the Housewives’ Union making Micawber’s eternal point in homely terms: “Annual income £20, annual expenditure nineteen nineteen and six, result happiness. Annual income £20, expenditure 20 and six, result misery”

There is no way of avoiding the fact that a Government spending more than it raises in tax faces inevitable constraints in crises.

And in those circumstances the people who suffer most are the least well off. So much for levelling up the nation.

It is an open question whether a Government led by Boris Johnson is capable of living by Mr Micawber’s economic philosophy. It seems to be more in his nature to wait, like Micawber, for something to turn up.

We can be sure that something will turn up soon and that it will not be pleasant, even though the economy seems to be roaring back from a low point. A budget deficit of £300bn is a very deep hole to fill.

One answer, idiotically being canvassed, is a Prime MInister’s Department incorporating the Treasury. Yet there never was a time when we needed an independent Treasury dedicated to balancing the books.

There is, frankly, only one thing to be done: Boris Johnson must stop wanting to be loved. For his own sake as well as ours, he needs to reinvent himself as the guardian of the public purse. Otherwise, he will stand condemned of neglect of the people’s and the nation’s interests.

There was always going to be a pandemic reckoning in financial, economic, security and - yes - personal terms represented predominantly by the huge medical backlog.

The sooner Boris Johnson and Rishi Sunak come together to bring order out of potential chaos the better. They may not initially win many plaudits but they will earn respect. Respect, as distinct from immediate admiration, is a valuable political commodity - as Margaret Thatcher demonstrated.

I see the response to covid (at least partially) as a controlled demolition of the economy which was holed below the water line in 2008, to allow a reset with a plausible excuse.

Whether that was the plan all along or whether it was a case of not letting a good crisis go to waste, I haven't yet decided.

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2 minutes ago, Boglet said:

I see the response to covid (at least partially) as a controlled demolition of the economy which was holed below the water line in 2008, to allow a reset with a plausible excuse.

Whether that was the plan all along or whether it was a case of not letting a good crisis go to waste, I haven't yet decided.

I think that you give them too much credit for intelligence. The current situation could have been achieved by a flock of headless chickens.

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Looking at the local council finances many are now financially unviable without massive central funding . They would not be able to set balanced budget within the council tax cap limits. Everything looks ok but dig down and it’s dire transferring it all to public debt. The economic growth rates are too low considering the subsidies and interventions .They look to be wanting to transfer all to inflation which for some will rapidly crush the standard of living of many. It will be incredible. The issue around state pension triple lock is already being talked about. They know this is going to be brutal. Unless you are on the bandits side. 

Edited by Ash4781b
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2 minutes ago, Ash4781b said:

Looking at the local council finances many are now financially unviable without massive central funding . They would not be able to set balanced budget within the council tax cap limits. Everything looks ok but dig down and it’s dire transferring it all to public debt. The economic growth rates are too low considering the subsidies and interventions .They look to be wanting to transfer all to inflation which for some will rapidly crush the standard of living of many. It will be incredible. The issue around state pension triple lock is already being talked about. They know this is going to be brutal. Unless you are on the bandits side. 

It's alright, they've invested in shopping centres...

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6 minutes ago, Stuey said:

It's alright, they've invested in shopping centres...

worse if in the same locations because of the non collection of business rates as well as the rents. What were they thinking!

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2 minutes ago, Ash4781b said:

worse if in the same locations because of the non collection of business rates as well as the rents. What were they thinking!

Political influence can make anything valuable.

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34 minutes ago, Ash4781b said:

worse if in the same locations because of the non collection of business rates as well as the rents. What were they thinking!

Croydon council already went bankrupt to the tune of £1.5billion over spectacularly fucking up investing in retail when Westfields backed out (I predicted this would never happen when it was first announced) They also bought a whole shopping retail park for a ridiculous amount with absolutely no footfall. They are absolutely going to be fucked now.

If I didn’t know better I would say they collided with the government to implode themselves, but honestly the £300k pa senior management board are just a shower of inept tossers. They all legged it to the exit with golden handshakes, when instead they should have all been arrested.

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sarahbell
2 hours ago, Ash4781b said:

Looking at the local council finances many are now financially unviable without massive central funding . They would not be able to set balanced budget within the council tax cap limits. Everything looks ok but dig down and it’s dire transferring it all to public debt. The economic growth rates are too low considering the subsidies and interventions .They look to be wanting to transfer all to inflation which for some will rapidly crush the standard of living of many. It will be incredible. The issue around state pension triple lock is already being talked about. They know this is going to be brutal. Unless you are on the bandits side. 

Pensions and wasting money are huge issues.

Councils playing at being commercial landlords is a fucking joke.

 

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