Comments by "Greg Greg" (@SlowhandGreg) on "Is Keir Starmer telling us enough ahead of the next election? | LBC" video.

If you dig into what Starmer has been saying he's obviously read and been influenced by this book Mariana Mazzucato, Mission Economy: A Moonshot Guide to Changing Capitalism Hopefully he's read her latest book as well The Big Con: How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies
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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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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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 @Noel-ji8nm there's no such thing as a red Tory Osborne changed economic course completely in 2010 leading to the shthole economy we have now
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@turntheblueiris4626 If you dig into what Starmer has been saying he's obviously read and been influenced by this book on mission driven goals but let's be honest hrer the economy resembles a skip fire and we're not over the worst of it Mariana Mazzucato, Mission Economy: A Moonshot Guide to Changing Capitalism Hopefully he's read her latest book as well The Big Con: How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies
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@Batters56 The economic multiplier on Austerity was calculated in 2012/3 to be 1.6 when Osborne put it forward the OBR estimate was 0.5 One of the starkest figures was from defunding the Justice system (police, social services, courts, prisons etc.) the current estimate is the increase in unsolved crime not dealing with crime etc. has a cost from 2010 to present of 500 billion.
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@keithparker1346 take the last estimated purchase and debt figures and adjust for inflation its not the purchase price which is the issue its the debt of the 80 billion 62 is debt
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In 2019 the economy didn't resemble a skip fire And You where always going to get evolution not revolution because the Corbyn agenda was nostalgic socialist fantasy land But from what Starmer has been saying he at least appears to understand the gravity of the situation if you think its bad now by spring BOE rate will be 6.5%
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@keithparker1346 the core problem is Thatcherism aka supply side trickle down + Austerity and we have a supply side shortage of Energy, Food, Housing & Labour Starmer has railed against a number of trickle down policies and the billions given in fossil subsidies + at the macro level is proposing GBEnergy to increase supply, reversing the current farming policy and housebuilding especially social housing Just by reversing some policies and chipping away at the above shortages by a few % points will have a huge macro economic effect the cost of the on demand gas generation for electricity is eye watering in price distorting the whole market there's just under 100 billion in fossil subsidies baked into the system etc.
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@keithparker1346 I've just said GBEnergy and you've put your fingers in your ears it may not be as much as people want but it's a complete reversal on current government policy increased energy supply will have a ripple effect throughout the economy if combined with planning reform. Gas spot price during winter is up to x6 more expensive than renewable the biggest problem is planning and grid connectivity at the momment
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As a leader Corbyn was worse than useless his biggest failing was allowing himself to be manipulated by those around him. The guy is an intellectual stuck in 1980 selling nostalgia The country needed leadership and it got Corbyn May bot and Bojo Don't come back and say but principles he was still useless get a proper hero for the left someone with vision and leadership who can compromise and actually get things done
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@julianshepherd2038 in 2019 we where still in the EU and our debt to gdp was 92% Today we've applied severe trade sanctions with our closest market leading to a hit to GDP of 5.5% (or = 50 billion in lost tax revenue) the economy resembles a skip fire with raging inflation from supply side shortages of Energy Food Housing Labour + The current government's position is to let the BOE apply a demand side policy to crush the UK economy further if you think its bad now wait till next spring when rates will be 6.5% because Sunak is doing fk all to increase supply of any of the above
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@chrisj9700 Your having a laugh the paperwork red tape and tariffs has destroyed the On-Demand Supply chain we used to have through Europe were now the customer of last resort for many firms delays are in weeks before we got goods overnight or next day. were completly fked as a destination for large multinational businesses. as an example my wife deals with multiple countries in the EU each one has different systems for trading with a 3rd country (UK) the paperwork regarding VAT alone is the stuff of nightmares its gone from 3 VAT rates to 27. The waste is in the 10's of billions and its only 1/2 implemented there is worse to come
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@chrisj9700 inflation Quote Adding up the impact on all British households suggested they had paid an extra £6.95bn as a consequence, they said. “Between December 2019 and March 2023 food prices rose by almost 25%. This analysis suggests that in the absence of Brexit this figure would be 8 percentage points (30%) lower,” the report found.
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@TomMAF4 I wish the public where more active in finding out how there getting skinned senseless by Thatcherite trickle down policies + Austerity but they've voted the Tories in 13 years straight. The IMF recommended a post pandemic wealth tax way back wrote to my MP about it Crickets in the political ranks and crickets in the Media. I have very little faith in the public sad to say
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@Batters56 the economic multiplier for renewable projects is between 1.1 and 1.5 so a 20 billion investment creates enough GDP to increase tax take beyond what the government invest. In reverse fossil subsidies have an economic multiplier of between 0.5 and 0.6 having an increase in GDP below the cost of the subsidy.
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 @chatham43 renewables are cheaper than fossil by a country mile we don't have more because of lack of investment especially in the Grid
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If you dig into what Starmer has been saying he's obviously read and been influenced by this book Mariana Mazzucato, Mission Economy: A Moonshot Guide to Changing Capitalism Hopefully he's read her latest book as well The Big Con: How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies Tories don't read books on economics
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