Brexit, for once some facts.

flecc

Member
Oct 25, 2006
53,203
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If the British government increases taxes above the EU's, they will move their HQs or divert their income there, the divestment will crash the Pound in the same way that pre brexit damage to investors confidence did to the Pound.
A good argument for abandonning Brexit.
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flecc

Member
Oct 25, 2006
53,203
30,604
whichever way you look at it, it's not his money.
Someone has to pay for it. It's very well to pretend that the money will come from internet companies or the top 5% earners, it's another thing to make that happen.
Once again an argument based on our potential incompetence, incompetence that doesn't have to exist.

There's a simple choice, we can have services provided by ourselves, i.e. the government, at the cost of the services.

Or we can have services provided privately at the cost of services, plus substantial profits for shareholders.

I still remember how cheap water once was until privatisation. Now it's very expensive, we were told due to the former neglect of infrastructure. But now , 40 years later, the neglect continues and we suffer the consequences even more, while shareholders do very well. As in Thames Water's seven company multi-layer profit making structure.
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daveboy

Esteemed Pedelecer
Sep 19, 2012
952
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pontefract
And there we have the nub of it, most attacking simply because Corbyn suggested it. None of you have any idea of what government under Corbyn will be like, you've all just soaked up the anti-Corbyn propaganda, believing it all instead of really thinking.

If you really did think about this issue you'd have realised that the cost of the scheme doesn't matter. Try to work it out if you can, if not ask.
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wheeler

Esteemed Pedelecer
Jun 4, 2016
893
1,776
Scotland
Things are really hotting up now with the Tories and LibDems trying to “out tree” each other. Jonson makes an initial strike by pledging 30 million new trees, Swindon hits back with 60 million new trees. How do you come back against that? It could be game over.
Will they plant them on Honda's car factory site after it leaves the UK?
 

50Hertz

Esteemed Pedelecer
Jan 2, 2019
2,199
2,403
whichever way you look at it, it's not his money.
Someone has to pay for it. It's very well to pretend that the money will come from internet companies or the top 5% earners, it's another thing to make that happen
It won’t happen, it can’t happen, it never happens, they aren’t good enough to make it happen. They may try, but they will fail due to being outsmarted at every turn by people who are infinitely better at business than a Labour government.

Labour will then resort to easy and turn on working people to fund their communist ambitions. This must never be allowed to happen. They are already damaging worker’s pensions and stifling investment via the suggestion that they are going to confiscate share holding.

Labour are an equally dangerous threat to the country as Brexit. The Corbyn core are communist lunatics.
 

50Hertz

Esteemed Pedelecer
Jan 2, 2019
2,199
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As well you might, but there is no way of competing with the multi mode, optical fibre for the high capacity trunk lines.
I don’t think anyone disputes that, but for distribution at the the end user house / street level, wireless is where we are heading.
 

Danidl

Esteemed Pedelecer
Sep 29, 2016
8,611
12,256
73
Ireland
Once again an argument based on our potential incompetence, incompetence that doesn't have to exist.

There's a simple choice, we can have services provided by ourselves, i.e. the government, at the cost of the services.

Or we can have services provided privately at the cost of services, plus substantial profits for shareholders.

I still remember how cheap water once was until privatisation. Now it's very expensive, we were told due to the former neglect of infrastructure. But now , 40 years later, the neglect continues and we suffer the consequences even more, while shareholders do very well. As in Thames Water's seven company multi-layer profit making structure.
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Well said Flecc. We in Ireland are in the throes of argument about our water system. Victorian Engineering was so good that it was virtually ignored for decades, and investment in water treatment was negligible. Now it is starting to crumble. Whatever else we might be short of in Ireland ,water is not one of them. Traditionally water services were part of the local councils remit,and it was a punishment duty for the civil engineer ,who was given the system and no budget... Roads being much more prestigious.
The political decision was made to consolidate all the infrastructure into a single national water board.on the face of it a good idea. However, lurking in our minds was the fear that this was a prelude to privatisation..and that fear remains. It is one of the things,along with a failure to correct the housing shortage which will go against an otherwise popular Government, when the imminent election occurs. Opposition parties had suggested that critical national infrastructure ..such as water should have constitutional protection,which I would agree with, but so far not yet progressed.
 
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Nev

Esteemed Pedelecer
May 1, 2018
1,507
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North Wales
Maybe not trillions, but it’s going to cost. And don’t forget that people’s pension funds are invested in some of these companies. Once the telecoms companies become one of the attractions at Corbyn’s, the UK’s only Communist Theme Park, it’s going to hurt ordinary working folk via their pension pots.
UK equities account for something like 5% of the market cap of world socks and shares, if pension fund managers are sensible they would not put all their eggs in once basket ie all their funds invested in UK based companies.

The same goes for anyone who holds something like a SIPP, its probably wise to have a fair chunk of that in something like a world equity tracker, rather than just rely on UK holdings.
 
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Danidl

Esteemed Pedelecer
Sep 29, 2016
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There is a summary of 5G vs Fibre on this link, I don't know if it accurate or not.
I would rate it as pretty accurate. ..and fair. Once installed a wired connection is extremely robust and congestion is low. Any wireless system, even with excellent bandwidth has a lot more overheads ,all of which contribute to congestion.
 
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50Hertz

Esteemed Pedelecer
Jan 2, 2019
2,199
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UK equities account for something like 5% of the market cap of world socks and shares, if pension fund managers are sensible they would not put all their eggs in once basket ie all their funds invested in UK based companies.

The same goes for anyone who holds something like a SIPP, its probably wise to have a fair chunk of that in something like a world equity tracker, rather than just rely on UK holdings.
I agree, but Corbyn has caused damage that otherwise would not have occurred. With each crackpot announcement, an incremental amount of more damage is done. They won’t stop until they’ve screwed everything and everyone.
 

flecc

Member
Oct 25, 2006
53,203
30,604
I agree, but Corbyn has caused damage that otherwise would not have occurred. With each crackpot announcement, an incremental amount of more damage is done.
Self inflicted damage, through blindly believing all the anti-Corbyn propaganda.

Without that brainwashing of the sheep there wouldn't have been that damage.
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Woosh

Trade Member
May 19, 2012
20,379
16,876
Southend on Sea
wooshbikes.co.uk
A good argument for abandonning Brexit.
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that's why JC's plan lacks credibility.
Outspending the conservatives is certainly not difficult.
Spending intelligently is.
For example, nationalising the student loan company is intelligent, cancelling student debts is not.
JC has only to be cleverer than Johnson. As it stands, it does not matter if his plan is worth£500 billions more borrowing or £1 trillions, the chance of him winning a majority is extremely low.
When Blair won his first election, they kept to the tories' spending plan for the first year or two before expanding it. His plan won the confidence of the city.
 
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Woosh

Trade Member
May 19, 2012
20,379
16,876
Southend on Sea
wooshbikes.co.uk
I still remember how cheap water once was until privatisation. Now it's very expensive, we were told due to the former neglect of infrastructure. But now , 40 years later, the neglect continues and we suffer the consequences even more, while shareholders do very well. As in Thames Water's seven company multi-layer profit making structure.
I believe government past, present and future, will never invest enough in replacing old pipes. There will always more urgent pressure on budget somewhere else: NHS, the armed forces, education, care for the elderly, state pension etc
Private ownership is a practical way to solve endemic problems.
When I left France, we had Coral trains and TGV. Trains in the UK still had door handles on the outside. If the railways weren't privatised, we would still have the worst trains in Europe.
Less charitable souls will say that what JC does is to nationalise successful companies or tax them until they quit. I think what he should do is try to preserve and redress the old and foster the new industries.
 
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flecc

Member
Oct 25, 2006
53,203
30,604
JC has only to be cleverer than Johnson. As it stands, it does not matter if his plan is worth£500 billions more borrowing or £1 trillions, the chance of him winning a majority is extremely low.
Not so much low as zero, now Farage has sabotaged the GE by only opposing Labour's possibilities.
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flecc

Member
Oct 25, 2006
53,203
30,604
When I left France, we had Coral trains and TGV. Trains in the UK still had door handles on the outside. If the railways weren't privatised, we would still have the worst trains in Europe.
That's really turning the truth upside down!

France has a far better rail system because it is a nationalised.

That is also a world wide truth, the best rail systems are invariably nationalised ones, the worst the private ones.

As I implied before, you are using our inability to govern well to try to prove private is best.

It is demonstrably not. The answer is not privatisation, it lies in improving our governance to match the better standards often seen elsewhere. The mere existence of Brexit and its chaotic progress are demonstrations enough of where the trouble lies. Just look at the private interests supporting and sustaining it.
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Woosh

Trade Member
May 19, 2012
20,379
16,876
Southend on Sea
wooshbikes.co.uk
That's really turning the truth upside down!
Trust me, I believe in public services but show me a publicly owned utility that works.
 

50Hertz

Esteemed Pedelecer
Jan 2, 2019
2,199
2,403
Self inflicted damage, through blindly believing all the anti-Corbyn propaganda.

Without that brainwashing of the sheep there wouldn't have been that damage.
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I disagree. If a company is in danger of being compulsory purchased for less than its value, that is going to deter investment and therefore affect it’s value.

Labour are completely clueless regarding the funding of this free broadband initiative. They won’t say how they will value the company for the purposes of compulsory purchase and this is causing damage. That's not propaganda, that is based on their own performance when questioned.

Of course, it's very easy to dismiss this as being brainwashed. We like easy.
 

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