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Greg Greg
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Comments by "Greg Greg" (@SlowhandGreg) on "LBC" channel.
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@carlisroy6666 what's honest about gesture politics we've had it for 5 years with the Tories there's 4.3 million children in poverty this will only help 250k at a cost of 3 billion
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Tax property + double on 2nd homes
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That was during his Kermit the muppet phase before he went to Peppa Pig world and I'm not making this stuff up
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Why does it help the UK economy to be run by Tories?
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SIPPS are tax free and your allowed free to spouse primary residence with 325 limit +175 making £500,000 if its to a sibling If the house was worth 1 mill and the 2 pensions where 400,000 each if both parents died you'd have a tax free sum of 1.8 million You can get round it all sorts of ways as well using trust funds
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He'll have gone to boarding school, nuff said
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@Gph0367 there a recent podcast at politics joe
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@SmithyD86 The Root cause of our economic problems are Austerity and Trickle down economic policy. Did you know we spent 20 billion on housing support last year? The reason why is councils being asset stripped by right to buy and then not replacing social housing stock also the Cons have pumped over 100 billion into these types of schemes over thier 2 main stints in office. House prices since 2010 have risen by 66% Average wages have fallen by -7%.
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well said
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In what way the FT 250 is already up 1.18% business is happy the Tory psychodrama is over
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@OKnotOK09 the government then has to service the debts Total cost for nationalisation is around 80 billion and to fix the system you need +40 billion Your also reliant on funding from the City where currently 100% leveraged in debt to gdp thanks to the Tories
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Rage how dare they try and clean up the air we breath its outrageous and only having since 2016 to sort out a compliant vehicle how dare they charge my old pollution belching diesel van? I just checked euro 6 diesel was mandatory back in 2015 this is a nothing burger
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@alidawson6118 no there not there left of centre Thhe current lot in power aren't even Conservative there that far right
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@kevinsimpson-dw6vuAs of 2026 all UK EV have to be 60% made in Britain to qualify for tariff free export to the EU We don't make batteries so all UK car manufacturing will close
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here plan won't work We have Supply Side Corporate Inflation on inelastic essential commodities, creating more demand balloons the cost which in turn increases Inflation if you wanted to grow the economy you'd address the shortage of energy by both increasing supply (onshore wind is the quickest) and reduce demand ( insulation) address the food shortages by growing more food in the UK because of leaving the EU our gdp has fallen by 4.5% we have 1.3 million vacancies exporters have a red tape and tarrif bill of 10 billion per annum and net exports are plummeting with sales to the EU falling by 30% gilt yields have risen sharply by 2% adding 15 billion to the uk debt bill basically while the Tories are in power as a country where fked
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Why did the SNP waste parliamentary time on a pointless vote? We have a cost of everything crisis
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@amirmxd If you look at their voter demographic there to widely spread across England The 2 seats won by Tice and Farage are a couple of he most deprived areas in the UK, Reform feed on misery
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Trade barriers create additional costs its not rocket science Your also getting increased legal migration because dependents also predictable Our SME economy which is mostly outside London has been absolutely hammered they employ 60% of the British workforce, prices will continue to climb for the foreseeable future
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He was kicked for not towing the party line just like he didn't under Blair Brown but Starmer had the bottle to suspend him
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they've set in motion a housing crash and a really deep recession
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According to a new report from the Pensions Regulator, the value of assets held by pension funds fell by around £425bn over 2022, equivalent to a 24 per cent fall in the overall value of scheme assets. “This fall in assets is primarily due to the loss in value of gilts, corporate bonds and property,” the report said. Asset values hit their lowest point in September, pointing to the impact of Truss’s fiscal event. thats 425 billion reasons not to vote Tory
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what difference does political virtue signalling do? They've been at war in some shape or form since before I started voting 50 years ago
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@philmartin5689 he was sacked for making up policy on the hoof in a Sky news interview
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Then we joined the EU and our Economy improved
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They can't escape economics Every year fossil gets more expensive as it's subject to higher and higher extraction costs, processing costs and transportation costs The capital cost of renewables is still falling in real terms and the input energy as in wind and the sun are free and not subject to inflation Just had a solar and battery system installed it will pay back capital costs in 6 years, reason the battery and it's cost has plummeted in the last few years
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This budget alone 2 billion on a millionaire pensions tax break 8 Billion on a tax break for bankers 6 billion on a tax break for fossil fuel companies 2022 40 billion (cost of Truss Budget) 11 Billion (cost of not insuring against rate rises - Sunak) 2020/21 60 billion in Fraud (report just out) Sunak 37 billion Track and trace privatised and less than useless Covid VIP lane? collapse of Greensill Capital 5 billion (Cameron) Quote from Bloomberg Brexit is costing the UK economy £100 billion a year ($124 billion), with the effects spanning everything from business investment to the ability of companies to hire workers. WAKE UP
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Going renewable cost 6% gdp staying as we are cost 13% gdp due to gas prices. Energy costs 30 billion in 2021 in.2023 it will cost 170 billion GAS
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@markwelch3564 again cgt doesn't apply if its your primary residence, you do not have to live there
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currently electric from wind turbines is at least x10 cheaper than that generated with gas and it's not solely down to current price rises it became the cheapest source on the grid in 2019 and where are they going to get the 10 million gallons of water to turn into toxic goop from?
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@Trendycosmetics-os6gh Our taxes have gone up under Sunak it was estimated by £13,000 per household as a pensioner I'm extremely p1ssed off with his attack on NI which there going to have to pay for by raising the pension age to 68 catching my wife in the net which is a £24,000 hit
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@chrisj9700 If you live in a 1 million £ house you can afford to pay tax on it. We could set up a student loan type system they can borrow from if there cash poor and the money is taken from the estate. This also encourages pensioners who's kids have left home to downsize freeing up multi-bedroom properties onto the market.
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@jimmyguitar9873 The money that doesn't go offshore gets locked up in assets such as houses in Mayfair, stocks Art etc
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@carolewynn9407 how dare they selfishly live in a 5 bedroom property and freeload off the system that's enabled them to accumulate so much property wealth. No one's forcing them out if there prepared to pay the tax. Successive governments have pumped 100's of billions into enabling people to buy property its time to pay the ferryman.
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@markabrahams2191 Octopus are getting round it by offering peak rates for people with batteries to export between 4-7pm as well as a standard Feed in Tariff + cheap overnight but you need to have invested. I have solar + Battery + solar diverter for hot water, capital payback is 6 years. Why can't the grid do that?
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@timthetiny7538 It gets more expensive to extract with each passing year making it uneconomical. We passed that point in 2020 it's just our grid and infrastructure needs to transition.
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He's appealing to the general public who don't care what he promised Corbyn's Faithfull The majority are glad to see the back of Jeremy
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Its an overreaction to the wasted and lost years of Corbyn and Jamie Driscoll wasn't ousted he didn't make a long list for a different post and has been going around crying about it ever since
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You don't fuel a conspiracy theory, your trying to turn incompetence into some shadowy plot
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@BeeBeeCJr no there not One is trying to pivot the economy towards renewables and reshore jobs The other pumped 3 trillion into debt for a tax cut for the rich
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If he knew how to turn things round he'd stop asking the Ghost of Thatcher and Brexit Jesus for advice
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What's a mere 6% GDP and hundreds of thousands of small businesses trade ruined. At the rate there going they'll even loose the pensioner vote the NI cut doesn't affect pensions fiscal drag does though many will be paying +£400 for the 1st time with energy costs trebling and food prices through the roof.
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@CLARKE176 They've made such a pigs ear over it we'll be back in the common market in no time
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The FT 250 is up significantly this morning, business people don't share your pessimism, every year of the Tories 14 has just seen the level of chaos building to what has been a complete collapse of anything bordering sanity.
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@oneoflokis true I was surprised at the shift to younger educated urban voters but on reflection its down to the raising the educational threshold and getting more people university educated. And the destruction of workers networks through WMC and loss of Unions.
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That will turn of the Blue wall to the Lib-Dems and pump Reform by a couple of points
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You have the best economic recovery in the G7 + 400,000 manufacturing jobs reshored last year Blue collar and working class wages are shifting upwards
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If you create trade barriers things go up, trade by volume is 7% less than in 2018 the tax shortfall has to be made up from other sources We're increasing legal migration because we left reason dependents given the numbers since leaving the EU you'd need +8 billion for the NHS just to stand still on a per capita basis.
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EvropaAeternvm they lost because they were cr@p Reform aren't Conservative there economics are Libertarian thier other policies are national populism. Chasing Reform alienate moderate Tories as seen by 72 lib dems seats
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People don't understand economics. I've had numerous conversations over the years explaining economic multipliers on government tax and spend explaining how cutting services with Austerity actually shrank the economy producing less tax revenues Ex defunding the justice system by Osborne increased crime, increases in unsolved crime especially theft has negative effects on the population and companies in relation to GDP > than the savings made by Austerity
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@ignoranceisbliss6259 I'll give you an even worse example defunding nurse and doctor training leads to exponential growth in the need for migrant professional workers They can't cut net migration because a huge chunk of it is driven by Austerity and would take a decade to rectify
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