Momentum is to launch a series of training camps for Labour activists to target 160 marginal constituencies in a campaign aimed at unseating MPs such as the foreign secretary, Boris Johnson.
The grassroots group of Jeremy Corbyn supporters, which was credited with helping motivate voters before the 8 June general election, will run the one-day workshops across the country in a sign Labour is preparing for the possibility of another snap election.
Momentum is to launch a series of training camps for Labour activists to target 160 marginal constituencies in a campaign aimed at unseating MPs such as the foreign secretary, Boris Johnson.
The grassroots group of Jeremy Corbyn supporters, which was credited with helping motivate voters before the 8 June general election, will run the one-day workshops across the country in a sign Labour is preparing for the possibility of another snap election.
I'm not looking for any political banter - I'm just interested in people's serious views on this.
Whether or not people support Corbyn's official policies (let's for the purposes of this discussion define that as the 2017 GE Labour manifesto), I'm just curious to what extent people are concerned that things might spiral out of control to the extent that they would have a material, serious adverse impact on people's lives.
By that I don't mean people who are relatively comfortably off paying a bit more, or even quite a lot more tax.
I'm talking about real fundamental life changing stuff - the sort of stuff which would lead one to think you have to get out.
I think the main issue would be borrowing. If UK public spending rises dramatically, followed by by any kind of monetary tightening in the States or far East, the balance could be very fine indeed.
Remember also that there hasn't been a real recovery since 2008, it's just a prop up and kick the can down the road operation. Currencies exist on confidence, and the ability to borrow in the private sector is not infinite. If the private market can't borrow, or service its now very high debt level (the SUV on your neighbour's drive kind of borrowing), then the implosion can be very swift. Money could move away from Sterling in a crisis and to the currencies who can afford to raise rates. The more indebted a nation is (both private and public), the less it's able to raise rates because of the repayment trap. Pound could tank, confidence be lost, then Gov't might find borrowing in the international market a bit difficult. Then real austerity could follow...
That's all very much worst case, but the borrowing intention did frighten the horses a little.
They do need to go up long term in all honesty, but if they can kindly wait till I've got my move completed ^_~.
Agreed. It's a sign of the overall economic torpour that the project date of a rate rise always seems to be 6-12 months away. I wouldn't be surprised if we're having this same conversation in 5 years time tbh.
Unlikely they would change rates in August, even if they thought it was probably about time.
As discussed on PB the other day, these ultra low rates are destroying what's left of defined benefit pensions, not to mention the asset bubble on property and equities.
I'm not looking for any political banter - I'm just interested in people's serious views on this.
Whether or not people support Corbyn's official policies (let's for the purposes of this discussion define that as the 2017 GE Labour manifesto), I'm just curious to what extent people are concerned that things might spiral out of control to the extent that they would have a material, serious adverse impact on people's lives.
By that I don't mean people who are relatively comfortably off paying a bit more, or even quite a lot more tax.
I'm talking about real fundamental life changing stuff - the sort of stuff which would lead one to think you have to get out.
Almost 100% unconcerned as per your criteria. The UK has a very good system IMO. Even in the US - who have elected an obviously incompetent - most people's lives carry on much as before.
The kind of life changing stuff I think you are talking about would need a Russian invasion of Eastern Europe.
Why do you say that?
Is your view (and other people's view) that a combination of Lab backbenchers, the House of Lords and most importantly the Judiciary would prevent anything too serious happening.
eg We've seen recently the example of a benefit cap passed by Parliament ruled illegal by the Courts. One can imagine something similar happening with highly "radical" Corbyn policies.
NB. The EU could of course have been added to that list if we were still in it - or it could still be added to a degree if we do actually end up still being in it "to a degree".
I'm getting numb to Trump now. There's pretty much nothing he can say that would cause so much as a raised eyebrow. I just hope he keeps to Twitter and away from actual foreign policy.
Momentum is to launch a series of training camps for Labour activists to target 160 marginal constituencies in a campaign aimed at unseating MPs such as the foreign secretary, Boris Johnson.
The grassroots group of Jeremy Corbyn supporters, which was credited with helping motivate voters before the 8 June general election, will run the one-day workshops across the country in a sign Labour is preparing for the possibility of another snap election.
They do need to go up long term in all honesty, but if they can kindly wait till I've got my move completed ^_~.
Agreed. It's a sign of the overall economic torpour that the project date of a rate rise always seems to be 6-12 months away. I wouldn't be surprised if we're having this same conversation in 5 years time tbh.
Unlikely they would change rates in August, even if they thought it was probably about time.
As discussed on PB the other day, these ultra low rates are destroying what's left of defined benefit pensions, not to mention the asset bubble on property and equities.
Bonkers. We are no longer in any kind of crisis.
The problem is that they propped the economy up with cheap money, and people took it. Now the fear of raising rates is that repayments might become harder......and back where we started. (Every time Yellen even whispers 'Taper' in the States, they start installing new window locks on Wall St).
They do need to go up long term in all honesty, but if they can kindly wait till I've got my move completed ^_~.
Agreed. It's a sign of the overall economic torpour that the project date of a rate rise always seems to be 6-12 months away. I wouldn't be surprised if we're having this same conversation in 5 years time tbh.
Perhaps it's just "torpour" that should be blamed for the "purile" (q.v.) mistakes that come from not bothering to consult a dictionary.
Fair cop - although tbf if the health of the economy depends on my ability to spell we are in deep doo-doo (sp?).
I'm not looking for any political banter - I'm just interested in people's serious views on this.
Whether or not people support Corbyn's official policies (let's for the purposes of this discussion define that as the 2017 GE Labour manifesto), I'm just curious to what extent people are concerned that things might spiral out of control to the extent that they would have a material, serious adverse impact on people's lives.
By that I don't mean people who are relatively comfortably off paying a bit more, or even quite a lot more tax.
I'm talking about real fundamental life changing stuff - the sort of stuff which would lead one to think you have to get out.
I am very concerned, because the people around Corbyn are ultra hard left ideologues who will not be interested in practicalities or civil service objections to policy ideas. The more opposition there is, the more likely they will think they are on the right track.
I'm not even convinced some of these people believe in Parliamentary democracy to be frank.
I'm not looking for any political banter - I'm just interested in people's serious views on this.
Whether or not people support Corbyn's official policies (let's for the purposes of this discussion define that as the 2017 GE Labour manifesto), I'm just curious to what extent people are concerned that things might spiral out of control to the extent that they would have a material, serious adverse impact on people's lives.
By that I don't mean people who are relatively comfortably off paying a bit more, or even quite a lot more tax.
I'm talking about real fundamental life changing stuff - the sort of stuff which would lead one to think you have to get out.
I am very concerned, because the people around Corbyn are ultra hard left ideologues who will not be interested in practicalities or civil service objections to policy ideas. The more opposition there is, the more likely they will think they are on the right track.
I'm not even convinced some of these people believe in Parliamentary democracy to be frank.
Take their lead from jezzas favourite Latin American success story...
I'm not looking for any political banter - I'm just interested in people's serious views on this.
Whether or not people support Corbyn's official policies (let's for the purposes of this discussion define that as the 2017 GE Labour manifesto), I'm just curious to what extent people are concerned that things might spiral out of control to the extent that they would have a material, serious adverse impact on people's lives.
By that I don't mean people who are relatively comfortably off paying a bit more, or even quite a lot more tax.
I'm talking about real fundamental life changing stuff - the sort of stuff which would lead one to think you have to get out.
I think the main issue would be borrowing. If UK public spending rises dramatically, followed by by any kind of monetary tightening in the States or far East, the balance could be very fine indeed.
Remember also that there hasn't been a real recovery since 2008, it's just a prop up and kick the can down the road operation. Currencies exist on confidence, and the ability to borrow in the private sector is not infinite. If the private market can't borrow, or service its now very high debt level (the SUV on your neighbour's drive kind of borrowing), then the implosion can be very swift. Money could move away from Sterling in a crisis and to the currencies who can afford to raise rates. The more indebted a nation is (both private and public), the less it's able to raise rates because of the repayment trap. Pound could tank, confidence be lost, then Gov't might find borrowing in the international market a bit difficult. Then real austerity could follow...
That's all very much worst case, but the borrowing intention did frighten the horses a little.
Govt is unlikely to find borrowing in the market difficult for some good time to come whatever the level of public debt. There is a decent argument to be made for fiscal stimulus right now, given interest rates are where they are (ie at the ZLB). The pledges made by Jezza didn't even all last a month, and that was in opposition (ie student debt), so I doubt there will be a big hoo-ha should Lab get in. Although it would be a price worth paying if both @Casino_Royale and @FrancisUrquhart fuck off.
Your points about household balance sheets is well made and I was interested to hear Carney say that they (households) could live with higher rates. I have no idea of the structure of car financing (ie fixed/floating), for example, but if you take the chance to buy that SUV away from the consumer then as you say there will be dire consequences for the broader economy.
I'm not looking for any political banter - I'm just interested in people's serious views on this.
Whether or not people support Corbyn's official policies (let's for the purposes of this discussion define that as the 2017 GE Labour manifesto), I'm just curious to what extent people are concerned that things might spiral out of control to the extent that they would have a material, serious adverse impact on people's lives.
By that I don't mean people who are relatively comfortably off paying a bit more, or even quite a lot more tax.
I'm talking about real fundamental life changing stuff - the sort of stuff which would lead one to think you have to get out.
Almost 100% unconcerned as per your criteria. The UK has a very good system IMO. Even in the US - who have elected an obviously incompetent - most people's lives carry on much as before.
The kind of life changing stuff I think you are talking about would need a Russian invasion of Eastern Europe.
Why do you say that?
Is your view (and other people's view) that a combination of Lab backbenchers, the House of Lords and most importantly the Judiciary would prevent anything too serious happening.
eg We've seen recently the example of a benefit cap passed by Parliament ruled illegal by the Courts. One can imagine something similar happening with highly "radical" Corbyn policies.
NB. The EU could of course have been added to that list if we were still in it - or it could still be added to a degree if we do actually end up still being in it "to a degree".
What is so scary in the Labour manifesto? It basically just takes us in a more European rather than American direction.
If it does turn into a disaster somehow with poll tax riots, Corbyn will be deposed and someone else put in charge/he will be forced to row back on whatever has gone wrong. The UK system has a beautiful balance of a very powerful, yet vulnerable PM.
The House of Lords isn't much of a check, and the judiciary is slow and unpredictable. Labour's backbench would be the key constraint.
What are people's views on the Labour response to Venezuela?
It appeared crystal clear on Newsnight last night that Chris Williamson was not willing to criticise the Venezuelan government in any way - blaming all the problems on US sanctions.
If Corbyn does become PM it's pretty clear what he would actually like to do. But to what extent could he actually do what he would like to do?
If the answer is to any significant degree, how many people are seriously contemplating for the first time in their lives the prospect of, at least potentially, leaving the country?
Their response is predictable and depressing. When the Socialist Revolution is novel and fresh they support it. When Socialism brings with it the inevitable consequences of debt,inflation,shortages,starvation and internal repression then it is time to look away and say nothing. Corbyn will now stop ringing in to Maduro's television programmes and he will stop holding out Venezuela as a beacon. He will hope that none of us notice or care that this is yet another example of Socialist failure. In the meantime we should sympathise with the Venezuelan people who are living through these terrible times and help them to get the food, medicine and human rights that Socialism takes away.
What are people's views on the Labour response to Venezuela?
It appeared crystal clear last night on Newsnight that Chris Williamson was not willing to criticise the Venezuelan government in any way - blaming all the problems on US sanctions.
If Corbyn does become PM it's pretty clear what he would actually like to do. But to what extent could he actually do what he would like to do?
If the answer is to any significant degree, how many people are seriously contemplating for the first time in their lives the prospect of, at least potentially, leaving the country?
If corbyn becomes pm, I will be leaving.
Corbyn will be just fine as PM. He doesn't exactly have a hard act to follow...
What are people's views on the Labour response to Venezuela?
It appeared crystal clear last night on Newsnight that Chris Williamson was not willing to criticise the Venezuelan government in any way - blaming all the problems on US sanctions.
If Corbyn does become PM it's pretty clear what he would actually like to do. But to what extent could he actually do what he would like to do?
If the answer is to any significant degree, how many people are seriously contemplating for the first time in their lives the prospect of, at least potentially, leaving the country?
If corbyn becomes pm, I will be leaving.
You and @Casino can get a twofer on Brittany Ferries.
I'm not looking for any political banter - I'm just interested in people's serious views on this.
Whether or not people support Corbyn's official policies (let's for the purposes of this discussion define that as the 2017 GE Labour manifesto), I'm just curious to what extent people are concerned that things might spiral out of control to the extent that they would have a material, serious adverse impact on people's lives.
By that I don't mean people who are relatively comfortably off paying a bit more, or even quite a lot more tax.
I'm talking about real fundamental life changing stuff - the sort of stuff which would lead one to think you have to get out.
Almost 100% unconcerned as per your criteria. The UK has a very good system IMO. Even in the US - who have elected an obviously incompetent - most people's lives carry on much as before.
The kind of life changing stuff I think you are talking about would need a Russian invasion of Eastern Europe.
Why do you say that?
Is your view (and other people's view) that a combination of Lab backbenchers, the House of Lords and most importantly the Judiciary would prevent anything too serious happening.
eg We've seen recently the example of a benefit cap passed by Parliament ruled illegal by the Courts. One can imagine something similar happening with highly "radical" Corbyn policies.
NB. The EU could of course have been added to that list if we were still in it - or it could still be added to a degree if we do actually end up still being in it "to a degree".
What is so scary in the Labour manifesto? It basically just takes us in a more European rather than American direction.
If it does turn into a disaster somehow with poll tax riots, Corbyn will be deposed and someone else put in charge/he will be forced to row back on whatever has gone wrong. The UK system has a beautiful balance of a very powerful, yet vulnerable PM.
The House of Lords isn't much of a check, and the judiciary is slow and unpredictable. Labour's backbench would be the key constraint.
"Labour's backbench would be the key constraint."
LOL. They'll be living in constant fear of attack from the hard left's henchmen.
Most of them have already given up the fight for a social democratic Labour party and are sucking up to Jezza as much as they can.
I'm not looking for any political banter - I'm just interested in people's serious views on this.
Whether or not people support Corbyn's official policies (let's for the purposes of this discussion define that as the 2017 GE Labour manifesto), I'm just curious to what extent people are concerned that things might spiral out of control to the extent that they would have a material, serious adverse impact on people's lives.
By that I don't mean people who are relatively comfortably off paying a bit more, or even quite a lot more tax.
I'm talking about real fundamental life changing stuff - the sort of stuff which would lead one to think you have to get out.
I think the main issue would be borrowing. If UK public spending rises dramatically, followed by by any kind of monetary tightening in the States or far East, the balance could be very fine indeed.
Remember also that there hasn't been a real recovery since 2008, it's just a prop up and kick the can down the road operation. Currencies exist on confidence, and the ability to borrow in the private sector is not infinite. If the private market can't borrow, or service its now very high debt level (the SUV on your neighbour's drive kind of borrowing), then the implosion can be very swift. Money could move away from Sterling in a crisis and to the currencies who can afford to raise rates. The more indebted a nation is (both private and public), the less it's able to raise rates because of the repayment trap. Pound could tank, confidence be lost, then Gov't might find borrowing in the international market a bit difficult. Then real austerity could follow...
That's all very much worst case, but the borrowing intention did frighten the horses a little.
Govt is unlikely to find borrowing in the market difficult for some good time to come whatever the level of public debt. There is a decent argument to be made for fiscal stimulus right now, given interest rates are where they are (ie at the ZLB). The pledges made by Jezza didn't even all last a month, and that was in opposition (ie student debt), so I doubt there will be a big hoo-ha should Lab get in. Although it would be a price worth paying if both @Casino_Royale and @FrancisUrquhart fuck off.
Your points about household balance sheets is well made and I was interested to hear Carney say that they (households) could live with higher rates. I have no idea of the structure of car financing (ie fixed/floating), for example, but if you take the chance to buy that SUV away from the consumer then as you say there will be dire consequences for the broader economy.
Hands up who thinks the independence of Bank of England will be reversed on day 1 of Corbyn's government?
Comments
I thought they were struggling with members...?
Remember also that there hasn't been a real recovery since 2008, it's just a prop up and kick the can down the road operation. Currencies exist on confidence, and the ability to borrow in the private sector is not infinite. If the private market can't borrow, or service its now very high debt level (the SUV on your neighbour's drive kind of borrowing), then the implosion can be very swift. Money could move away from Sterling in a crisis and to the currencies who can afford to raise rates. The more indebted a nation is (both private and public), the less it's able to raise rates because of the repayment trap. Pound could tank, confidence be lost, then Gov't might find borrowing in the international market a bit difficult. Then real austerity could follow...
That's all very much worst case, but the borrowing intention did frighten the horses a little.
As discussed on PB the other day, these ultra low rates are destroying what's left of defined benefit pensions, not to mention the asset bubble on property and equities.
Bonkers. We are no longer in any kind of crisis.
Why is that the only vote in history that must stand inviolate for eternity?
Is your view (and other people's view) that a combination of Lab backbenchers, the House of Lords and most importantly the Judiciary would prevent anything too serious happening.
eg We've seen recently the example of a benefit cap passed by Parliament ruled illegal by the Courts. One can imagine something similar happening with highly "radical" Corbyn policies.
NB. The EU could of course have been added to that list if we were still in it - or it could still be added to a degree if we do actually end up still being in it "to a degree".
https://twitter.com/iandunt/status/893098591035822080
Fair cop - although tbf if the health of the economy depends on my ability to spell we are in deep doo-doo (sp?).
I'm not even convinced some of these people believe in Parliamentary democracy to be frank.
Your points about household balance sheets is well made and I was interested to hear Carney say that they (households) could live with higher rates. I have no idea of the structure of car financing (ie fixed/floating), for example, but if you take the chance to buy that SUV away from the consumer then as you say there will be dire consequences for the broader economy.
It basically just takes us in a more European rather than American direction.
If it does turn into a disaster somehow with poll tax riots, Corbyn will be deposed and someone else put in charge/he will be forced to row back on whatever has gone wrong.
The UK system has a beautiful balance of a very powerful, yet vulnerable PM.
The House of Lords isn't much of a check, and the judiciary is slow and unpredictable. Labour's backbench would be the key constraint.
"...the more likely someone thought Labour was to win a majority, the more likely they were to vote Labour."
http://www.britishelectionstudy.com/bes-findings/did-people-vote-for-jeremy-corbyn-because-they-thought-he-would-lose/#.WYMkm9PyvjB
https://twitter.com/aaronblake/status/893095714116562945
LOL. They'll be living in constant fear of attack from the hard left's henchmen.
Most of them have already given up the fight for a social democratic Labour party and are sucking up to Jezza as much as they can.