[Politics] Tory meltdown finally arrived [was: incoming]...

[TomandJerry]

Rising energy prices could push UK inflation as high as 18% next year, the highest rate in nearly 50 years, economic analysts have predicted.

Inflation - the rate at which prices rise - hit 10.1% in July, five times the Bank of England's (BoE) target.

Investment bank Citi said inflation was "entering the stratosphere" and could rise to 18%, while the Resolution Foundation said it could reach 18.3%.

The BoE predicted inflation will rise to more than 13% in the coming months.

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[Blue Valkyrie]

Today's Tory party is incompetent, has no answers and would rather spend weeks arguing about who is in charge than address the terrible problems the country now has.

Past Tories will be turning in their graves.

The sooner the current cabal bite the dust at the ballot box the better.

 

[WATFORD zero]

But how could anyone have seen this coming nearly three years ago ?

So we've had any MP of experience that pointed out the potential problems kicked out the party.

Any Ministers of experience who pointed out the potential problems kicked out the Cabinet.

And now they are after any experienced Civil Servant who is pointing out potential problems.

With the most inexperienced sycophantic Cabinet in history, going into the most intense negotiations in history. I wonder what could happen ?

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[vegster]

I don’t think anyone is arguing against that, but at present it’s clear that inequality is hurting demand. Employers may have the vision and the strategy, but they still rely on their employees to get the job done. And if their employees wages are too low, they can’t then go out and spend in the economy.

The relationship done well is symbiotic, too much of our current regime is parasitic, with all the benefit accruing to the employer, and the employee in lower wage situations barely meeting their basic needs, even with the employer’s low wages being subsidised by the taxpayer in the form of Universal Credit.

Just as employees who lose their jobs when a business fails get other jobs, failed business owners often start another business.. .or transfer the remaining assets
of a business to a new start up in their wife's name...

 

[vegster]

But how could anyone have seen this coming nearly three years ago ?

Gove for Tory leader in 2-3 years time...he's a slimy little sod and he's currently playing the Long Game.

 

[usernamed]

Just as employees who lose their jobs when a business fails get other jobs, failed business owners often start another business.. .or transfer the remaining assets
of a business to a new start up in their wife's name...

Absolutely. I don’t want to see business owners punished for failure, provided they’ve done the right thing (as far as possible) by suppliers, employees and customers. It’s not good to discourage the entrepreneurial instinct.

Having said that, there are a lot of ways of gaming our current system, and these are exploited by people who have no intention of acting decently, and whose actions are cynical and motivated entirely by self-interest. The current Conservative Party appear to support this class.

Failure is a vital part of capitalism, in the same way that a forest fire allows fresh growth to follow. When we start protecting directors and shareholders from all the consequences of poor decision making, and provide bailouts (either direct or indirect) we corrupt capitalism and prevent smaller organisations from getting the metaphorical sunlight and soil they need to grow larger.

I’m not arguing against the bailout of customers or employees, because they’re not responsible for the poor decision making of the board or its shareholders who are supposed to be subjecting the board to scrutiny, but those responsible (either directly or by providing oversight) for the decisions that lead a company to failure ought to have consequences. Not punitive consequences, but they shouldn’t be walking away with a garage full of classic cars and twelve luxury properties if their employees and suppliers haven’t been paid and their customers haven’t been refunded.

We all know the tricks pulled to keep these assets (e.g. have them owned by ‘unconnected’ overseas shell companies who just happen to loan them back to the real beneficiaries at favourable rates) and yet we seem so powerless to elect anyone willing to prevent this. The results harm us all.

 

[The Clamp]

And the galling aspect is that this “government” will all walk away from office many times richer than when they came in. They should all be in prison for fraud.

 

[Thunder Bolt]

It is a cult. No reason for their faith, just believe.

[tweet]1561781464341139458[/tweet]

 

[A1X]

It is a cult. No reason for their faith, just believe.

[tweet]1561781464341139458[/tweet]

Genuinely terrifying. Not just the total detachment from reality but also telling her own child how she must vote.

 

[WATFORD zero]

It is a cult. No reason for their faith, just believe.

[tweet]1561781464341139458[/tweet]

Maybe that explains why Mouldy Boots has been too busy to post much on NSC lately

 

[Baldseagull]

It is a cult. No reason for their faith, just believe.

[tweet]1561781464341139458[/tweet]

That sounds like Terry Jones doing the reverse of his famous line from The Life of Brian. He is the messiah, he is not a naughty boy.

https://www.youtube.com/watch?v=5kbo8pUDcHQ

 

[Frutos]

That sounds like Terry Jones doing the reverse of his famous line from The Life of Brian. He is the messiah, he is not a naughty boy.

https://www.youtube.com/watch?v=5kbo8pUDcHQ

I knew the voice reminded me of something!

 

[Bodian]

 

[Thunder Bolt]

A warning we should all heed.

[tweet]1561462767277703172[/tweet]

 

[Herr Tubthumper]

UK inflation the highest of all the G7 nations according to Reuters.

https://www.reuters.com/world/uk/uk-cpi-inflation-rate-rises-101-july-2022-08-17/

...and signs it will struggle with inflation for longer than other countries.

The economy is safe in the hands of the Tories....apparently.

 

[Machiavelli]

UK inflation the highest of all the G7 nations according to Reuters.

https://www.reuters.com/world/uk/uk-cpi-inflation-rate-rises-101-july-2022-08-17/

...and signs it will struggle with inflation for longer than other countries.

The economy is safe in the hands of the Tories....apparently.

"Labour crashed the economy, and we're clearing up their mess."

 

[Herr Tubthumper]

"Labour crashed the economy, and we're clearing up their mess."

clearing up the mess when they're not paralysed by an absent PM and two would-be leaders focused on a slug-fest for the past few months. 4 PMs and a period of no one in charge over 6 years.....strong and stable to coin a phrase.

 

[drew]

"Labour crashed the economy, and we're clearing up their mess."

That old chestnut!!

 

[WATFORD zero]

clearing up the mess when they're not paralysed by an absent PM and two would-be leaders focused on a slug-fest for the past few months. 4 PMs and a period of no one in charge over 6 years.....strong and stable to coin a phrase.

To be fair, I don't think the 'zombie' or non existent Government of the last 2 months has done anywhere near as much damage as the preceding 'Government' of the last 2.5 years. I think it may even prove historically, to be a political highspot between what he have just had and what we are going to get

 

[rippleman]

Let's remember that the bungle**** insisted on "staying on" until a new Tory **** is elected leader so he could "get on with the job".

He then immediately ****s off on holiday and hasn't done a stroke of work since. And all the while, the country continues to succumb to probably the worst economic crisis we have ever known.

Sir John Major is right. He has slowly but surely eroded democracy in our country and I've no doubt that whichever of the thicky twins gets the gig next, they will carry on in the same vein.