• 4 Posts
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Joined 1 year ago
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Cake day: June 16th, 2023

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  • Interesting but unsurprising polling perhaps. Although the headline is only 18% of leavers think Brexit has been a success, it does also include 61% still think it will turn out well in the end. 72% of the leavers would still vote for Brexit even knowing how it’s turned out.

    Given how close the referendum was, this is yet another poll suggesting the vote would have tipped the other way if run now. Although that is just illustrative, it’s quite different to voting to join the EU now which I doubt would be popular.

    I think the threshold for rejoining is much higher than it was for leaving - we’d have to sign up to the Euro, we’d get no rebates despite the ongoing borked common agricultural policy, and all the negative aspects of the EU would come back to the fore. I was a remainer, but many of the negatives of the EU have often been ignored due to the polarisation of the debate, including by EU citizens who have focused on a them-vs-us mentality thanks to the antagnostic approach of the Conservative government.

    But the EU does have serious problems - structural problems in the Eurozone, unfixed since the 2008 debt crisis, major issues with democratic accountability and unaddressed financial corruption, difficulties effectively dealing with members like Hungry and Poland as they slide towards more authoritarianism, and lack of consensus on dealing with the migration issues which continue to cost lives and are a stain on the entire EU’s (and the UK’s) reputation. Despite being a remainer, if I’m honest I’m not sure how I’d vote.



  • Truss seem’s unable to accept that her ideas and approach were fundamentally broken. Borrowing to fund tax cuts for the wealthy is just a bad idea. The supposed logic that it would stimulate growth as it is based on an over reliance on “trickle down economics” and also a lack of appreciation of the reality of the last 13 years since the 2008 economic crisis. Interest rates have been low, and “quantitative easing” created cheap money amassed by the wealthy and cheap credit with a low return economy; the wealthy have been hoarding this money rather than investing it in growth and enterprise.

    Borrowing to invest in infrastructure such as the hospital rebuilds, HS2 and the Northern Power House rail, and to build a fund for a UK public alternative for business & investment financing to foster entrepreneurs - that would have been a good approach. Using the money to build and buy assets, and invest in growing new companies would both stimulate the economy by putting money into peoples & businessed pockets, while getting something directly in exchange - assets and loans/shares in new companies - and should reassure the markets that the money isn’t just being frittered away on a crazy experiment.


  • Yeah. Ultimately this is the BoE’s fault for not acting faster and harder. Interest rates would still have gone up but the pain may have been less severe.

    Sunak was a fool for trying to take credit for Inflation. He based it on the optimistic predictions that inflation would rapidly come under control and improve towards the end of the year. Instead inflation is not shifting, and interest rates are likely to need to stay higher for longer and probably go up further, plus we’re now realistically looking at a potential recession.

    Sunak is out of his depth, and it’s yet another poor leader in a run of 4 now (May, Johnson, Truss) showing how depleted the Conservative party is of talent and any sort of vision.


  • Expect companies to push hard against anything that costs them money. In this case, there is a smal overhead for reminding subscribers, but the “subscribe and forget about it” is an important source of revenue. Particularly the users who get a “free” subscription, barely used it but it converts to a paid subscription. I’m sure they can live without the revenue stream, but of course they want to keep it if they can as it’s zero effort money.

    The whole reason this is being proposed is because this is a widespread issue affecting consumers.


  • We really need electoral reform - enough of parties getting big majorities in the commons and stuffing the lords with supporters.

    Even starting with proportional representation in local elections would be a game changer. Although the tories got rid of it in London to increase their chances of winning the mayoralty.

    The best outcome in the next election is a hung parliament with Labour depending on the Lib Dems for a majority, and the Lib Dems forcing through electoral reform. No referendums, no more dicussion. They should do what all the other parties do and say “parliament is supreme and our manifesto was clear”.





  • The question is what does Boris do next? In some ways resigning made sense as a gamble - he could get out of his marginal seat and potentially step into a safe seat vacated by an ally. But if the Tory leadership block him for being a candidate then what does he do? Stand as an independent? Stand for Mayor of London again as is rumoured (which would be a disaster for him as he’s not popular in London anymore).

    I can’t see him just giving up and returning to journalism. Maybe the next leader of the tories will be an ally who will work to bring him back to “save the party” (as the party will probably be a rump party after the next election and has been shaped in his image)





  • No party has come back from so far back in the polls to win an election at this stage. Also the tories are hopelessly divided - everything they feel like they’re “getting somewhere” their divisions come to the for again.

    On top of all that, the mortgage timebomb alongside the inflation problems are looking like they’re lasting longer than expected/hoped. I’d expect much of next year to be dominated with stories about families struggling to cope with the high mortgage rates, being forced to sell their homes and the property market being a mess. It’s not a good situation to be in but I can’t see how the Tories can see that out.