Brexit, for once some facts.

soundwave

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esuark

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flecc

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Why Labour should not take the next election for granted.

We had a council by-election in my South Croydon ward a few days ago. The following comments are from "Inside Croydon":

Fatima Zaman retained the Selsdon Vale and Forestdale council seat for the Conservatives in yesterday’s by-election, as the reputational damage done to Labour locally by Tony Newman and his numpties saw them beaten into third place.

“This is a disastrous result,” one experienced party activist said of Labour’s performance.

Labour candidate Tom Bowell polled just 372 votes in a ward which is split between Tory Croydon South and the Labour-held Croydon Central parliamentary constituency. With their party at more than 50per cent in national opinion polls, this was a stark demonstration of just how badly damaged the Labour “brand” has become in Croydon, following the council’s financial collapse two years ago.

That is surely a signal to the Tories that the crashing the national economy into recession by Croydon South’s gormless MP, Chris Philp, is also a factor for voters.

“We were just lucky that he didn’t pop his head up on Question Time last night until the polls were very near to closing,” one relieved Tory activist confided to Inside Croydon this morning.


Yes, I voted Conservative too, the Croydon Loony Labour party being insupportable following the mess they've made in the last few years. It went against the grain since for years I've voted Labour in London's Mayoral and GLC elections.
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Zlatan

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Why Labour should not take the next election for granted.

We had a council by-election in my South Croydon ward a few days ago. The following comments are from "Inside Croydon":

Fatima Zaman retained the Selsdon Vale and Forestdale council seat for the Conservatives in yesterday’s by-election, as the reputational damage done to Labour locally by Tony Newman and his numpties saw them beaten into third place.

“This is a disastrous result,” one experienced party activist said of Labour’s performance.

Labour candidate Tom Bowell polled just 372 votes in a ward which is split between Tory Croydon South and the Labour-held Croydon Central parliamentary constituency. With their party at more than 50per cent in national opinion polls, this was a stark demonstration of just how badly damaged the Labour “brand” has become in Croydon, following the council’s financial collapse two years ago.

That is surely a signal to the Tories that the crashing the national economy into recession by Croydon South’s gormless MP, Chris Philp, is also a factor for voters.

“We were just lucky that he didn’t pop his head up on Question Time last night until the polls were very near to closing,” one relieved Tory activist confided to Inside Croydon this morning.


Yes, I voted Conservative too, the Croydon Loony Labour party being insupportable following the mess they've made in the last few years. It went against the grain since for years I've voted Labour in London's Mayoral and GLC elections.
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Isn't that the case with so many constituencies?
I think Eddy Izzard is a fantastic comic, very intelligent and has made unbelievable efforts for charity. Personally I, m afraid I just couldnt vote for him (sorry her) now she's an MP. Might be a dinosaur and I, ve no problem anyone identifying as anything they wish but I don't want him/her representing me. Sorry Eddie.
 

flecc

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Isn't that the case with so many constituencies?
True, but my case wasn't about an individual. It was in effect agreeing with your previous posts about how bad both sides are now. A Tory candidate who doesn't even live in the ward winning, while the Tories are making such a mess nationally and have the repugnant creep Chris Philp as South Croydon MP, mainly because Labour is too bad to vote for.

It's hardly necessary to say that nearly three quarters of the electorate didn't vote with this choice facing them.
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jonathan.agnew

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Isn't that the case with so many constituencies?
I think Eddy Izzard is a fantastic comic, very intelligent and has made unbelievable efforts for charity. Personally I, m afraid I just couldnt vote for him (sorry her) now she's an MP. Might be a dinosaur and I, ve no problem anyone identifying as anything they wish but I don't want him/her representing me. Sorry Eddie.
Indeed. Boris and truss are, of course, in a sense, fantastic comics too. And apparently practicing heterosexuals. Although I'm not sure what they identify as. Tory, I suppose. But don't they just make a compelling argument for not voting either conservative or on the basis of gender identity or sexual orientation?
 
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Woosh

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so sneaky

Economists question 'black hole' in UK finances

those two are idiots. It's their kind of argument that gave us the Truss and Kwarteng mini-budget. As far back as the OBR was first setup, all their forecasts were wrong but they were less wrong than those of successive chancellors. The blackhole in government budget is endemic and always bigger than their forecast. Just watch the price of government bonds and stock market. If the FTSE does well and gilt yieds are low, tax income will grow.
 
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jonathan.agnew

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those two are idiots. It's their kind of argument that gave us the Truss and Kwarteng mini-budget. As far back as the OBR was first setup, all their forecasts were wrong but they were less wrong than those of successive chancellors. The blackhole in government budget is endemic and always bigger than their forecast. Just watch the price of government bonds and stock market. If the FTSE does well and gilt yieds are low, tax income will grow.
Speaking of which, has anyone noticed crypto collapsing? That felt ok, a reprieve from an Elon musk world where anything man defines as real becomes real in its consequences as thomas would say. But the pound is collapsing too, in an oblong way, secially against euro (down to 1.13 yesterday), which is a pita if one spend significant time in europe. Curiously, for me, it makes it less attractive to be here rather than the opposite
 

Woosh

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Speaking of which, has anyone noticed crypto collapsing?
yes, I did and agree with you on Elon Musk. There are plenty of billionaires on the back of the crypto craze. Sam Bankman-Fried made the headlines yesterday.
 

guerney

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those two are idiots. It's their kind of argument that gave us the Truss and Kwarteng mini-budget. As far back as the OBR was first setup, all their forecasts were wrong but they were less wrong than those of successive chancellors. The blackhole in government budget is endemic and always bigger than their forecast. Just watch the price of government bonds and stock market. If the FTSE does well and gilt yieds are low, tax income will grow.
Creative accounting: Having to choose plans which markets react positively to in the short term is constraining - for a moment there at COP26, it looked like Sunak sneakily stole Starmer's plan to invest in growing a manufacturing base tilting at windmills.
 

guerney

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yes, I did and agree with you on Elon Musk. There are plenty of billionaires on the back of the crypto craze. Sam Bankman-Fried made the headlines yesterday.
It's amusing that failure is blamed on not having enough "Cash reserves". :D
 

guerney

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Speaking of which, has anyone noticed crypto collapsing? That felt ok, a reprieve from an Elon musk world where anything man defines as real becomes real in its consequences as thomas would say. But the pound is collapsing too, in an oblong way, secially against euro (down to 1.13 yesterday), which is a pita if one spend significant time in europe. Curiously, for me, it makes it less attractive to be here rather than the opposite
A new bubble attracting much investment:

 

jonathan.agnew

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yes, I did and agree with you on Elon Musk. There are plenty of billionaires on the back of the crypto craze. Sam Bankman-Fried made the headlines yesterday.
A new bubble attracting much investment:

Blimey, yes, call me a dinosaur, but there doesn't seem much surprise in a 30 year old who made 28 billion of the back of blogging from a coed group home literally losing it all overnight. It does not scream due diligence.
 
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Woosh

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Well, that's the world we live in. If Mark Zuckerberg sells land in his metaverse, I would be tempted.
 

soundwave

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jonathan.agnew

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Well, that's the world we live in. If Mark Zuckerberg sells land in his metaverse, I would be tempted.
Frankly I wouldn't, crypto and other digital assets require steady stream of new investors with expendable capital to maintain their (hypothetical) value. Back in the real world it's as everyone knows unrelated to anything concrete that could be exchanged. And suspect stream of new investors may well run dry with increased mortgages, inflation, cost of living and decreased consumer confidence. Tesla shares has also halved in value (trying to sell £50k plus cars in a recession doesnt seem the most compelling business plan)
 

jonathan.agnew

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A new bubble attracting much investment:

Speaking of bubbles, I contracted covid on a blood test to hospital and had to refrain from running (am a heartless bastard but even so didnt think it would be fair to give it to all the poor sods in the gym). Since then tried to start running again ( gained weight, and a tummy, the new bubble). And is it bloody difficult. It feels like suddenly running at altitude and not getting enough oxygen. And it was all going so well before. How is your slow jogging?
 
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soundwave

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lithium mine investment sounds better as that stuff is in everything we buy these days same as gold and silver mines.

tho like oil it wont last forever :eek:
 
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jonathan.agnew

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lithium mine investment sounds better as that stuff is in everything we buy these days same as gold and silver mines.

tho like oil it wont last forever :eek:
Would have thought unregulated psychotropics would be bulletproof, anything to chemically dissociate from thinking about sunak or truss or boris or the collapsing pound..
 
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