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TOPIC: Economic Efforts Expected
#199395
Barney

Economic Efforts Expected 3 Weeks ago  
With the government now paying the wages of 10 million people - and with worrying key indicators - firm and urgent action is required.

Both the National Debt and GDP decline - have hit levels never seen before, even during war time. And it took the UK 60 years to redeem its war debt.

Likely actions are a public sector pay freeze, increased taxation and a cancellation of large projects - with austerity. Maybe even the postponement of Brexit.

Taxation revenues will decrease dramatically in line with GDP - and although the virus may be beaten - it's time for a long economic battle.


 
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#199396
wyot

Re:Economic Efforts Expected 3 Weeks ago  
Barney wrote:
With the government now paying the wages of 10 million people - and with worrying key indicators - firm and urgent action is required.

Both the National Debt and GDP decline - have hit levels never seen before, even during war time. And it took the UK 60 years to redeem its war debt.

Likely actions are a public sector pay freeze, increased taxation and a cancellation of large projects - with austerity. Maybe even the postponement of Brexit.

Taxation revenues will decrease dramatically in line with GDP - and although the virus may be beaten - it's time for a long economic battle.




Maybe, but I suspect it is all too late Barney.

Brexit will go through because it is political and about careers. Same with how they have and are dealing with the Covid situation.

The country is fucked for the forseeable.

But I intend to continue to enjoy life as much as I can; my conscience safe in the knowledge that I voted remain, and in my tiny non-celeb way have been giving my opinion about the utter lunatic folly of the lockdown since the start...
 
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#199397
Green Man

Re:Economic Efforts Expected 3 Weeks ago  
Lockdown shouldn't of happened. It's harder to get a job on the dole also.

Shops are closing so landlords are losing out and local councils, then some entry level jobs are now non existent. Retail is a great start to gain skills. Hospitality is also on a thread due to social distancing and lockdown.

A couple of mates have sold their pubs during lockdowns to be converted to houses or flats.

Blame the government for listening to bullshit advice and opposition for not standing up against Boris.
 
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#199541
Barney

Re:Economic Efforts Expected 2 Weeks ago  
Barney wrote:
With the government now paying the wages of 10 million people - and with worrying key indicators - firm and urgent action is required.

Both the National Debt and GDP decline - have hit levels never seen before, even during war time. And it took the UK 60 years to redeem its war debt.

Likely actions are a public sector pay freeze, increased taxation and a cancellation of large projects - with austerity. Maybe even the postponement of Brexit.

Taxation revenues will decrease dramatically in line with GDP - and although the virus may be beaten - it's time for a long economic battle.



It's just been announced that our new borrowing now exceeds 100% of GDP - for the first time in 60 years.

£100 billion was borrowed in the 2 months to May - and the National Debt is now more than £2 trillion.

We have now taken on twice as much debt as 2008/2009 - and more will be needed. £350 billion, in total?


Triple lock/pensions are certainly about to go, for a start!




 
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#199560
wyot

Re:Economic Efforts Expected 1 Week, 6 Days ago  
I think you should go into motivational speaking Barney....
 
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#199562
Barney

Re:Economic Efforts Expected 1 Week, 6 Days ago  
Not my bag!

Usually I just give facts and try to make a point.

In the hope I'm disputed - if I'm wrong.


Or better still - if someone takes a different stance...


 
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#199569
Green Man

Re:Economic Efforts Expected 1 Week, 5 Days ago  
Barney wrote:
Barney wrote:
With the government now paying the wages of 10 million people - and with worrying key indicators - firm and urgent action is required.

Both the National Debt and GDP decline - have hit levels never seen before, even during war time. And it took the UK 60 years to redeem its war debt.

Likely actions are a public sector pay freeze, increased taxation and a cancellation of large projects - with austerity. Maybe even the postponement of Brexit.

Taxation revenues will decrease dramatically in line with GDP - and although the virus may be beaten - it's time for a long economic battle.



It's just been announced that our new borrowing now exceeds 100% of GDP - for the first time in 60 years.

£100 billion was borrowed in the 2 months to May - and the National Debt is now more than £2 trillion.

We have now taken on twice as much debt as 2008/2009 - and more will be needed. £350 billion, in total?


Triple lock/pensions are certainly about to go, for a start!






Yet the government is scared to tackle the tech giants.
 
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#199571
robbiex

Re:Economic Efforts Expected 1 Week, 5 Days ago  
I think the government made a big mistake by allowing 6 people to get together from different households. People have wildly misinterpreted this as meaning 6 people can just get together with no restrictions, rather than keeping a 2m distance. I see on my daily exercise at least 6 different groups, where people from obviously different households are walking together with no regard to social distancing and no doubt they will be carrying on inside homes. This is why the number of cases is going down very very slowly. The number of cases has stayed around 1000 for about 3 weeks now. There have been 0 cases in Northern Ireland for 24 hours, yet they are stubbornly keeping everything closed. All paranoid about catching something that isn't actually there. France has had hairdressers open for several weeks

I would say crack down heavily on those that are actually breaking the rules. Open up all shops, restaurants, cafes, and pubs with a 1m social distancing and stop dragging out the return to normality. If there is no spike wihin a few weeks then have a full return to normality with no social distancing, otherwise 1000's of businesses will close
 
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#199592
hedda

Re:Economic Efforts Expected 1 Week, 4 Days ago  
I'm loving it !

OK the deaths are awful but there is a Great Re-alignment In Capitalism which is a phony economic thing anyway and pretty much a type of Voodoo.

It works perfectly OK as long as it's strictly controlled (oddly..just like Communism, Socialism and Fascism) but it inevitably gets out of control as real controls are slashed by the 2% Greedy Rich ( I mean Mega Billionaires not you JK)

## wonder why someone with $5Billion thinks they need another $4Billion? weird. George Soros is giving all his Billions away.

We really have been over-supplied with everything..too many mobile phones..too many shmutter shops..too many everything.

The Pandemic has put paid to a lot of things and many will never recover.

# I am in no way influenced by the Oz governments promise of another $750 shortly for dear old pensioners (we had one payment already) as I need some lovely new tyres on my car.
 
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#199597
wyot

Re:Economic Efforts Expected 1 Week, 4 Days ago  
I like you think this is a great opportunity to realign our lives and priorities. But, Hedda, what realignment (let alone a "Great" one?) has actually resulted from this,as you say?

The only sector that has seen real term wage increases during the pandemic (in the UK) is apparantly fucking banking; while the nurses and midwives who have had covid coughed on them daily for 3 months, face 2 further years of public sector pay freezes.

This on top of the 10 years of pay freezes they have already endured; because of the bankers....
 
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