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Greg Greg
The New Statesman
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Comments by "Greg Greg" (@SlowhandGreg) on "The New Statesman" channel.
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If you pump 700 billion into the economy which then trickles up during the pandemic it would be a good idea if you taxed it because the huge increase in money supply has a huge impact on inflation You need a wealth tax or this will keep spiraling Quote Luxury goods boom in Britain as super-rich youngsters buck the recession Rich kids fuel sales of brands such as Burberry, Louis Vuitton and Gucci They’re young, rich and mortgage-free, and the scions of the 1% are having a roaring twenties. Despite the economic gloom currently shrouding the UK and many other western countries, sales of luxury brands have been booming and growing numbers of buyers are young adults. Swiss watches, Louis Vuitton trainers, rare Birkin bags and 81-year-old whiskies are among the products that are fuelling impressive growth in the bottom lines of luxury brands such as LVMH, Burberry and Kering.
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Plan? First its illegal under the Convention for Human Rights Second that Convention underwrites the Good Friday agreement so this nonsense of leaving it is a non starter
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The IMF put out a paper on wealth tax last September, the media is mostly right wing owned and we don't tend to get an full and Frank discussion on economics
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The problem is the 1st past the post system the Cameron government had 36% both in 2010 & 15 setting the seeds for the current crisis. The Thatcher years were round 40% and the Conservative base is 50+ who are the highest voting demographic. I go out canvassing and trying to get young voters out is a mare even after Sunak dumped on them completely in the last budget.
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@totalvoid6234 give it a rest are you a Tory political payed blogger your all over this comment board spewing bile
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The headline figure became the talking point not the policies
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@annapachaclarke2392 So what your saying is removing 1 million workers from the economy erecting trade barriers with our closest trading partners cutting off export expansion for hundreds of thousands of SME's and cratering investment since 2016 has no economic effect? Anyway whatever Watch this from the Financial Times why do you think the Markets went Ape when Truss's budget landed? "The Brexit effect: how leaving the EU hit the UK | FT Film"
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If you rip out decades of trickle down policies and tax breaks then there's enough to get started with in the next 5 years there's 100 billion in fossil subsidies in various budgets 2 billion yer on year millionaire's tax break 2.8 billion spent on management consultants we need realignment true and part of ripping out trickle down means slicing the pie onto asset wealth
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@iainprendergast8311 what's the difference between a left wing populist and a right wing populist Nothing They both promise the earth and deliver absolutely nothing if Corbyn had a majority of say 2/3 in 2017 he would have tried to implement a radical agenda and hit a brick wall the pound would have fallen and the Gilt market would have started to collapse same as happened to Truss. He gets rejected after 6 weeks what happens a new election chaos and Labour locked out of power for another decade or he's replaced and bitter infighting in the Labour party.
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Osborne is a hard right Thatcherite Austerity Raised VAT Lowered Corporation tax ( which they spent on share buy backs) Small state
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its their hard right Thatcherite economic policies + Austerity and it screwing over immigration as well ex Osborne stopped Nursing Bursary in 2010 as part of Austerity, numbers doing nursing fell because it was rolled into tuition fees now in 2023 we have a nursing shortage are out the EU so a Nigerian Nurse comes in to take her place brings Hubby and 2 kids.
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They've spent 14 years on infighting and will spend the next 5 years on infighting
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@totalvoid6234 what worse? Fighting for removal of the death penalty great job I say
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Religion doesn't tell you to be bigoted hiding behind it and using it as a shield is not acceptable
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UKIP lite
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I've always voted Lib-Dem or Liberal even with the sh@t stain of the 2010 deal because a Tory is 100 x worse and the Lab candidate has no chance in my constituency. They have 2 policies I support closer ties to Europe and PR the Tories have non
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Poll of Polls (aggregates all the polls) Labour 44% Conservative 29% Lib-Dem 11% Green 6% Reform 6% Been steady for a while the locals looked to be tactical voting at a huge scale anyone but a Tory
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Pay and capital spending One key approach during the austerity years was keeping public sector pay low while cutting staff and expecting them to work harder. By 2018, police numbers had dropped by 21,000 and the prison service lost 26.6% of its staff between 2010 and 2015. Austerity is coming to bite the Con's hard saving a £1 in 2010 - 2015 will costs thousands to reverse the damage that was done
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I dunno the Tories p1ss billions away on trickle down cr*p I could raise 40-50 billion just by pulling some of the most egregious stuff out of their. 1st port of call is people like Sunak paying 21p on the £ then there's the likes of Mone how is it legal to fulfil a contract and have all your profits siphoned offshore in a tax vehicle? Also why is it fair that a detached in Burnley worth 250k pays more council tax than an 8 million terrace in Mayfair?
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@piccalillipit9211 there are decent people in politics the Tory client media have expended an inordinate amount of energy in trying to drag everyone down to thier squalid level. Exhibit 1 daily mail running 10 days straight Starmer beer in hand non story Exhibit 2 the express claiming Starmer was sat on 10 million pounds worth of land (bought by him for his parents to run a donkey sanctuary in their retirment) Loads of stories on Rayner And They even eat thier own when they step out of line on what they want
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Fun fact Areas of England with increased outsourcing of NHS services have more deaths of people with treatable conditions From an economics study aggregating NHS data across England and Wales
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why is that he public sector needs extra investment to improve UK productivity
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Starmer has had a big hand in selecting a lot of the new MP's given the way the Tories are imploding his majority will be huge
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The Tories p1ss billions away on trickle down cr*p I could raise 40-50 billion just by pulling some of the most egregious stuff out of their. 1st port of call is people like Sunak paying 21p on the £ then there's the likes of Mone how is it legal to fulfil a contract and have all your profits siphoned offshore in a tax vehicle? Also why is it fair that a detached in Burnley worth 250k pays more council tax than an 8 million terrace in Mayfair?
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@tonyb9735 I vote tactically all the time never had my vote count aside from at Council level. All I want now is to see the Tories reduced to 3rd party status not even be the official opposition given the amount of damage they have done to this country
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Sunak is about as good as the Tories have got at the moment and Starmer isn't seen as a radical Leftie 60/70% of the electorate are from center left to centre right People don't want hard left or hard right
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If you look at Sunak's last budget he's increasing the tax base from 33% to 36/7% there was around 20 billion in trickle down policies alone in it and where at 99% debt to GDP and out the EU for quite a while. As for not changing much you can keep the same tax base figure and change its makeup + reduce a lot of waste through outsourcing and other Tory pet projects. What you can't do at the moment is borrow much why are people so anti a centre left agenda that doesn't cripple the economy any more than it already is?
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Labour have a few policies I support Lib-Dems have a few policies I support The Tories have ZERO + a load of Policies I actually detest My vote will go to the party most likely to kick the Tories out for what they have done to this country I physically detest everything they stand for
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ULEZ isn't a green policy it's public health The biggest concern with it is public transport if you want better air quality you need less cars period
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he's mildly competent after the Osbourne mould the issue will be rising cost of living and negative growth the Conservatives are philosophically unable to deal with either
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what kicked the last round of bigot xenophobia was Cameron/Osbourne deliberately not regulating the emerging GIG economy which the Companies took advantage of by importing eastern European workers to things like Uber we had a sudden expansion in millions often supplanting established UK jobs. The workers paid very little tax and the vulture companies offshored all the profits. There is a fundamental problem running a supply side trickle down economy you need an unlimited supply side labour pool to keep wages down
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There going to go batsh1t The problem being they purged the moderates and people like Truss Leaky Sue are in safe seats
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Why? The mess were in isn't just the fault of the current bunch its the end result of Thatcherism, while she could use assert stripping oil money globalization and giving away council houses to look vaguely economically competent selling out the future only goes so far? The water crisis - Thatcher The council housing crisis (20 billion spent on housing support bankrupting councils) - Thatcher The energy crisis - Thatcher
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its their hard right Thatcherite economic policies + Austerity and it screwing over immigration as well ex Osborne stopped Nursing Bursary in 2010 as part of Austerity, numbers doing nursing fell because it was rolled into tuition fees now in 2023 we have a nursing shortage are out the EU so a Nigerian Nurse comes in to take her place brings Hubby and 2 kids.
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They've put forward an economic stance under Rachael Reeve "The Everyday Economy" Its a million miles from Thatcherism and low taxes for the top They've put forward a stance on Brexit which is more alignment with the EU to vastly reduce the paperwork crippling business a Veterinary deal alone would sort out the NI protocol And a green new deal to move from fossil (Norway has 93% renewable and 3% inflation)
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They did at the Locals
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Her latest speech moves us away from globalism to a more sustainable model. The issue isn't GDP it's GDP per capita which has shrunk from 50k in 2010 to 45k now, reasons lack of government investment in social and physical infrastructure.
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This is a sample from Abbot Labour MP Diane Abbott has said the UK and US are responsible for any breakout of conflict in Ukraine Diane Abbott: Keir Starmer's 'deranged' Nato support risks 'catastrophe' in Ukraine Even as a Labour supporter and member if she were my MP I couldn't vote for her and why I have no time for Corbyn and his peacenik lackeys, my Father came here during the war via a Russian Gulag he is Polish and fought in the free Polish army.
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Changing planning to permissive is Radical Creating GBEnergy setting up a wealth fund is radical
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Me too I end having to vote tactically This country after 14 years of Con misrule needs leadership like never before we've had hope beaten and pummelled out of us.
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They need to put up rates to attract buyers for government Gilts we have debts of over 2.7 trillion to service The Conservatives run a supply side economy and won't address strategic thinking even to something as simple as a gas storage facility in case of hard times or domestic food production to prevent food shock. We need to Subsidie farmers away from fertiliser farming Build more wind Turbines and insulate more homes
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I'll vote for anyone that will kick out the Tories
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@ac4486 And your point being you'd rather have the Tories continue destroying the country? They've already said that they would be moving away from monetarism and Friedman towards a Keynesian economic model that brought economic recovery after the war. All you'll get with the Tories is grinding Austerity Monetarism the cornerstone of Thatcherism has completely has completely failed. But hey I'm just looking at both sides economic policies
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@TheBaconWizard no it doesn't I worked in IT all my life its lower and manual / manufacturing jobs what's created is a need for higher skills. The issue is to distribute the insane wealth that can be created if left unregulated.
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@fang_xianfu I agree they need processing quickly and treating humanly also don't see why they can't have temporary work visas, and I've completely gone over to the idea of ID cards one of the issues is its easy for people to dissappear into the black economy the seedy car wash the cash only nail bar. The EU have clamped down on this stuff and part of the issue is people that worked in the black economy over there are finding it harder and harder to avoid the authorities
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This is why Sunak and the Tories will be totally fked and the longer they delay the worse it will get I'm betting on a low of 20 points Quote With the energy price cap below £1,300 throughout 2021, UK households spent around £30 billion on energy during the year. In 2023 the projected spend is around £170 billion. This is equivalent to more than doubling the basic rate of income tax from 20% to 45% or almost doubling VAT from 20% to 38%. Just over 6% of GDP
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Dunno but you can't just turn it off the Tories economic model will collapse You need to restructure the economy 1st Supply side Labour is the result of Supply side economics aka Thatcherism
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My wife is an Accountant for a small business she was saying because the Threshold has risen there overall NI bill will go down (6 employees)
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@christianround2774 dunno the guy is pragmatic to the point of sheer frustration, he'll have a majority the likes we've never seen + a large slice of selection control it won't be like the current tory faction chaos
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@Joe-og6br I've done my reading on what you can do with a little money. Planning is key just by changing to permissive and allowing councils to buy land and do joint development could build a load of private + council housing, we spend 20 billion per annum on housing support. Also it would speed grid roll out and change the whole outlook on decentralised renewable power production
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