Leeds Riots (2 Viewers)

SBAndy · Jul 21, 2024

MalcSB said:
Every time I have made a comment suggesting that stopping oil licences isn’t good for the economy, someone (CBA to look back at who) popped up suggesting that isn’t how the global oil market works. Hence that somewhat sarcastic post. Unless the oil market is different for Norway.

From what I’ve understood, your criticism is linked to effectively surrendering energy security. The UK does not directly benefit, either through proper revenue or first refusal, from North Sea exploration (I will grant that tax revenues are generated). Difference with Norway is they still have public ownership of their exploration ‘vehicle’ so directly generate revenues and this has allowed them to diversify future income streams via the SWF.

clint van damme · Jul 21, 2024

SBAndy said:
From what I’ve understood, your criticism is linked to effectively surrendering energy security. The UK does not directly benefit, either through proper revenue or first refusal, from North Sea exploration (I will grant that tax revenues are generated). Difference with Norway is they still have public ownership of their exploration ‘vehicle’ so directly generate revenues and this has allowed them to diversify future income streams via the SWF.

Publicly owned company operating for the benefit of everyone? Bloody commies!

MalcSB · Jul 21, 2024

clint van damme said:
I've noidea, but I do know Norway has a very healthy sovereign wealth fund while our economy is going backwards

Is It? You certainly swallow Reeves’s propaganda.The budget deficit, inflation and unemployment are lower than when Labour last left office. Debt as a percentage of GDP is a lot higher, but then there has been a global pandemic.

Also

UK Economic Outlook July 2024

In the latest edition of PwC’s UK Economic Outlook, we explore how viable the aim of ‘highest sustained growth in the G7’ is and whether the UK’s long-term structural issues can be overcome.

www.pwc.co.uk

clint van damme · Jul 21, 2024

MalcSB said:
Is It? You certainly swallow Reeves’s propaganda.The budget deficit, inflation and unemployment are lower than when Labour last left office. Debt as a percentage of GDP is a lot higher, but then there has been a global pandemic.

Also

UK Economic Outlook July 2024

In the latest edition of PwC’s UK Economic Outlook, we explore how viable the aim of ‘highest sustained growth in the G7’ is and whether the UK’s long-term structural issues can be overcome.

www.pwc.co.uk

What on earth are you on about?
What has Reeves got to do with the fact Norway has built up a massive sovereign wealth fund?

MalcSB · Jul 21, 2024

SBAndy said:
From what I’ve understood, your criticism is linked to effectively surrendering energy security. The UK does not directly benefit, either through proper revenue or first refusal, from North Sea exploration (I will grant that tax revenues are generated). Difference with Norway is they still have public ownership of their exploration ‘vehicle’ so directly generate revenues and this has allowed them to diversify future income streams via the SWF.

So there is revenue from North Sea oil - even if it is only tax revenue. In terms of first refusal (by which I assume you mean priority of supply) I would imagine that, in extremis, legislation could be passed to ensure primacy for the UK.

So, stopping future North Sea exploration will impact the UK economy at the very least by reducing the tax take on top of which will be a loss of jobs.

MalcSB · Jul 21, 2024

clint van damme said:
What on earth are you on about?
What has Reeves got to do with the fact Norway has built up a massive sovereign wealth fund?

Read your own post. You claimed the UK economy was going backwards, which is Reeves message.

clint van damme · Jul 21, 2024

MalcSB said:
Read your own post. You claimed the UK economy was going backwards.

It is, we've just had the first Parliament which has overseen a drop in living standards since who knows when.
The fact there is growth predicted doesn't alter that.
As for me swallowing Reeves propaganda, I didn't vote for her and don't think she has a strategy to get us moving again, the only one who's swallowed any propaganda is you with your thinly veiled attempts to gloss over the shit show that has been the last 14 years of tory rule.

Sky Blue Pete · Jul 21, 2024

clint van damme said:
It is, we've just had the first Parliament which has overseen a drop in living standards since who knows when.
The fact there is growth predicted doesn't alter that.
As for me swallowing Reeves propaganda, I didn't vote for her and don't think she has a strategy to get us moving again, the only one who's swallowed any propaganda is you with your thinly veiled attempts to gloss over the shit show that has been the last 14 years of tory rule.

Competence will lead to stability which will absolutely lead to growth

Otis · Jul 21, 2024

clint van damme said:
Publicly owned company operating for the benefit of everyone? Bloody commies!

I'm all for a redistribution of wealth.

I will have King Charles' coronation robe to use as a posh beach towel, one of Elon Musk's telescopes, so I can stare at the sky while lying on my beach towel and a lifetime supply of Nestlé Walnut Whips, for snacking on the beach in-between meals.

I am a simple lad, so don't ask for much.

MalcSB · Jul 21, 2024

Sky Blue Pete said:
Competence will lead to stability which will absolutely lead to growth

Let’s hope pension funds don’t lose all their money when they have been directed where to invest.

Sky Blue Pete · Jul 21, 2024

MalcSB said:
Let’s hope pension funds don’t lose all their money when they have been directed where to invest.

Hope so too

MalcSB · Jul 21, 2024

clint van damme said:
It is, we've just had the first Parliament which has overseen a drop in living standards since who knows when.
The fact there is growth predicted doesn't alter that.
As for me swallowing Reeves propaganda, I didn't vote for her and don't think she has a strategy to get us moving again, the only one who's swallowed any propaganda is you with your thinly veiled attempts to gloss over the shit show that has been the last 14 years of tory rule.

The figures I’ve seen aren't predictions of growth, they are the actual position. The PWC article does predict growth but not from the actual position, not the appalling one that Labour are claiming. I think she has a strategy, just not convinced it will work.

clint van damme · Jul 21, 2024

MalcSB said:
The figures I’ve seen aren't predictions of growth, they are the actual position. The PWC article does predict growth but not from the actual position, not the appalling one that Labour are claiming. I think she has a strategy, just not convinced it will work.

I agree with that last sentence, for me it's not bold enough and she's hemmed herself in with her strict fiscal rules rhetoric.

SBAndy · Jul 21, 2024

MalcSB said:
So there is revenue from North Sea oil - even if it is only tax revenue. In terms of first refusal (by which I assume you mean priority of supply) I would imagine that, in extremis, legislation could be passed to ensure primacy for the UK.

So, stopping future North Sea exploration will impact the UK economy at the very least by reducing the tax take on top of which will be a loss of jobs.

Yep, zing. There is no alternative scenario: licences are provided or you end up with swathes of jobless people.

shepardo01 · Jul 21, 2024

Anyway.....Josh Eccles....!?....
Worse than the O'Hare chippy deviation!
(My first visit to this thread... What is going on!??)

Diogenes · Jul 21, 2024

shepardo01 said:
Anyway.....Josh Eccles....!?....
Worse than the O'Hare chippy deviation!
(My first visit to this thread... What is going on!??)

Basically - a Leeds chippy ran out of dab butties and the whole neighborhood rioted, and the slow response rate from the emergency services was due to lack of fuel due to inefficient north sea oil strategies employed by the woke labour party.

shepardo01 · Jul 21, 2024

Diogenes said:
Basically - a Leeds chippy ran out of dab butties and the whole neighborhood rioted, and the slow response rate from the emergency services was due to lack of fuel due to inefficient north sea oil strategies employed by the woke labour party.

Ahhh....I think my mistake here is thinking I was posting on the Josh Eccles thread!?!!! Ooops!
Cheers for the input though!

Diogenes · Jul 21, 2024

shepardo01 said:
Ahhh....I think my mistake here is thinking I was posting on the Josh Eccles thread!?!!! Ooops!
Cheers for the input though!

wingy · Jul 21, 2024

MalcSB said:
Let’s hope pension funds don’t lose all their money when they have been directed where to invest.

You mean the currently 5% that is determined on national investment?

MalcSB · Jul 21, 2024

wingy said:
You mean the currently 5% that is determined on national investment?

Rachel Reeves wrote this article for Mail on Sunday

My mission to aid investment, boost pensions - and to spread prosperity to all
By Rachel Reeves, Chancellor of the Exchequer
“DURING the General Election campaign, I promised readers of The Mail on Sunday that I would lead the most pro-growth, pro-business Treasury in our country’s history - and I meant it.
That is why in my first 72 hours as Chancellor, I announced the biggest reform of our planning system in a decade so we could get Britain building again. It is why in my first week I established a new National Wealth Fund that would work alongside business to unlock billions of pounds in private sector investment in the industries of the future.
It is why we have introduced a new law to bring stability back to our economy so never again can we see a re-run of Liz Truss’s disastrous mini-Budget. And it is why I have backed the biggest overhaul in regulation of the UK Stock Exchange in 30 years to boost our global competitiveness.
But I know we must go further and faster. I am under no illusion to the scale of the challenge we face. We have inherited the worst set of economic circumstances since the Second World War. Taxes are at a 70-year high, national debt doubled under the Conservatives and public services have been pushed to breaking point.
We cannot turn that around overnight. It is going to take time and some tough decisions. But let me be clear: I am ready to take those decisions.
There are some who would argue that now we are in power we can abandon the platform that we were elected on. That we can turn on the spending taps and follow the Conservative Party’s path of unfunded promises that we know cannot be delivered.
I profoundly disagree. The mandate we were elected on was clear and I stand by it. We cannot tax and spend our way to prosperity, nor will we play fast and loose with the public finances. Instead, we need to back the wealth creators and deliver for the British people.
Previous governments have talked about a big bang on tax or regulation. I want to lead a big bang on growth because that is the only way we can fix the foundations, so we can rebuild Britain and make every part of our country better off.
That is why I can announce today our latest set of reforms to unlock growth, boost investment and deliver for pensioners.
Millions of people across Britain work hard and make sacrifices to save for their retirement, and there are hundreds of billions of pounds worth of assets in UK pension funds. However, not only is the current system not delivering the retirement savings it should be, but it is not doing what it should to support some of our great British businesses.
Conservative governments over the past 14 years have promised action to reform the pension market, but have failed to deliver. Where they have failed, I will act.
That is why I have instructed Treasury officials to launch an urgent review to make recommendations in the coming months for how we can reform the pensions market so it can deliver a better return for savers and ensure successful businesses can get the funding they need to grow, invest and spread prosperity across the UK. It is what other countries are doing and it is what we should be doing.
My demands of this review are clear: I want to boost investment in Britain, increase pension pots and tackle waste in the system. Let me take each of those in turn.
First, I want to see more pension schemes invest in fast-growing British firms. Even a one percentage point shift in the £800billion worth of assets that defined contribution schemes are estimated to manage by the end of the decade could release an extra £8billion of investment.
The same goes for the Local Government Pension Scheme in England and Wales. It is the seventh largest pension scheme in the world, worth £360billion. Its value comes from its 6.6million members, three-quarters of whom are women. This is money that could go towards building vital infrastructure, supporting small businesses and helping to put more back into our towns and cities.
Second, I want to see more done to deliver for pensioners to ensure the savings you make give you security and dignity in retirement. We will introduce new laws to boost some pension pots by more than £11,000 by ensuring schemes are well managed and deliver better value for money.
And we will tackle waste in the system through consolidation and the money spent on fees, including the £2billion spent by the Local Government Pension Scheme. Bringing pension pots together will also make it easier for people to manage their pensions, ending the administrative headache that comes from being part of multiple schemes.
This is only the beginning. If we are to turn our economy around, I know there is more that needs to be done. We need to tackle hospital waiting lists and reform our welfare system so we can help get people back to work. We need to give people more security at work by ensuring they are paid a decent wage. And we need to invest in our education system so we can build a workforce fit for the future.
I know we must repay the trust of those of you who voted for the Labour Party again or voted for us for the first time in your lives. I know we must also work just as hard for those who stayed at home or voted for another party.
But we were elected on a mandate of change and that work has already begun. We are fixing the foundations - and taking the country forward on a decade of national renewal.”

It won’t affect me, but it reads as if she is looking to pension funds to invest in the governments infrastructure projects. What happens if they go tits up, will the government indemnify those pension funds or will pensioners find they are stuffed.

Sky_Blue_Dreamer · Jul 21, 2024

MalcSB said:
Rachel Reeves wrote this article for Mail on Sunday

My mission to aid investment, boost pensions - and to spread prosperity to all
By Rachel Reeves, Chancellor of the Exchequer
“DURING the General Election campaign, I promised readers of The Mail on Sunday that I would lead the most pro-growth, pro-business Treasury in our country’s history - and I meant it.
That is why in my first 72 hours as Chancellor, I announced the biggest reform of our planning system in a decade so we could get Britain building again. It is why in my first week I established a new National Wealth Fund that would work alongside business to unlock billions of pounds in private sector investment in the industries of the future.
It is why we have introduced a new law to bring stability back to our economy so never again can we see a re-run of Liz Truss’s disastrous mini-Budget. And it is why I have backed the biggest overhaul in regulation of the UK Stock Exchange in 30 years to boost our global competitiveness.
But I know we must go further and faster. I am under no illusion to the scale of the challenge we face. We have inherited the worst set of economic circumstances since the Second World War. Taxes are at a 70-year high, national debt doubled under the Conservatives and public services have been pushed to breaking point.
We cannot turn that around overnight. It is going to take time and some tough decisions. But let me be clear: I am ready to take those decisions.
There are some who would argue that now we are in power we can abandon the platform that we were elected on. That we can turn on the spending taps and follow the Conservative Party’s path of unfunded promises that we know cannot be delivered.
I profoundly disagree. The mandate we were elected on was clear and I stand by it. We cannot tax and spend our way to prosperity, nor will we play fast and loose with the public finances. Instead, we need to back the wealth creators and deliver for the British people.
Previous governments have talked about a big bang on tax or regulation. I want to lead a big bang on growth because that is the only way we can fix the foundations, so we can rebuild Britain and make every part of our country better off.
That is why I can announce today our latest set of reforms to unlock growth, boost investment and deliver for pensioners.
Millions of people across Britain work hard and make sacrifices to save for their retirement, and there are hundreds of billions of pounds worth of assets in UK pension funds. However, not only is the current system not delivering the retirement savings it should be, but it is not doing what it should to support some of our great British businesses.
Conservative governments over the past 14 years have promised action to reform the pension market, but have failed to deliver. Where they have failed, I will act.
That is why I have instructed Treasury officials to launch an urgent review to make recommendations in the coming months for how we can reform the pensions market so it can deliver a better return for savers and ensure successful businesses can get the funding they need to grow, invest and spread prosperity across the UK. It is what other countries are doing and it is what we should be doing.
My demands of this review are clear: I want to boost investment in Britain, increase pension pots and tackle waste in the system. Let me take each of those in turn.
First, I want to see more pension schemes invest in fast-growing British firms. Even a one percentage point shift in the £800billion worth of assets that defined contribution schemes are estimated to manage by the end of the decade could release an extra £8billion of investment.
The same goes for the Local Government Pension Scheme in England and Wales. It is the seventh largest pension scheme in the world, worth £360billion. Its value comes from its 6.6million members, three-quarters of whom are women. This is money that could go towards building vital infrastructure, supporting small businesses and helping to put more back into our towns and cities.
Second, I want to see more done to deliver for pensioners to ensure the savings you make give you security and dignity in retirement. We will introduce new laws to boost some pension pots by more than £11,000 by ensuring schemes are well managed and deliver better value for money.
And we will tackle waste in the system through consolidation and the money spent on fees, including the £2billion spent by the Local Government Pension Scheme. Bringing pension pots together will also make it easier for people to manage their pensions, ending the administrative headache that comes from being part of multiple schemes.
This is only the beginning. If we are to turn our economy around, I know there is more that needs to be done. We need to tackle hospital waiting lists and reform our welfare system so we can help get people back to work. We need to give people more security at work by ensuring they are paid a decent wage. And we need to invest in our education system so we can build a workforce fit for the future.
I know we must repay the trust of those of you who voted for the Labour Party again or voted for us for the first time in your lives. I know we must also work just as hard for those who stayed at home or voted for another party.
But we were elected on a mandate of change and that work has already begun. We are fixing the foundations - and taking the country forward on a decade of national renewal.”

It won’t affect me, but it reads as if she is looking to pension funds to invest in the governments infrastructure projects. What happens if they go tits up, will the government indemnify those pension funds or will pensioners find they are stuffed.

Govt infrastructure is probably as low-risk as you could get. Better than utilities.

Grendel · Jul 21, 2024

Sky_Blue_Dreamer said:
Govt infrastructure is probably as low-risk as you could get. Better than utilities.

How will that generate returns required?

Sky_Blue_Dreamer · Jul 21, 2024

Grendel said:
How will that generate returns required?

Why not ask the foreign govts and pension pots than invest in our other utilities.

Grendel · Jul 21, 2024

Sky_Blue_Dreamer said:
Why not ask the foreign govts and pension pots than invest in our other utilities.

They generate shareholder value as they are profit making private industries

Sky_Blue_Dreamer · Jul 21, 2024

Grendel said:
They generate shareholder value as they are profit making private industries

So why not have our govt as the shareholder making the returns, able to give some of that to the investing pensions, and then spend the rest on further infrastructure improvements rather than someone's private yacht?

Earlsdon_Skyblue1 · Jul 21, 2024

The fact we have gone from minority communities rioting in Leeds, to government infrastructure and Norway, north sea oil et al, you know we're fucked.

Allegations of racism swept under the carpet because people are scared to confront it. A thread dissolving into nothingness. It's very disappointing.

@Deleted member 5849 the ultimate weak man with no balls. History will remember people like you.

Grendel · Jul 21, 2024

Sky_Blue_Dreamer said:
So why not have our govt as the shareholder making the returns, able to give some of that to the investing pensions, and then spend the rest on further infrastructure improvements rather than someone's private yacht?

Yes I’m sure pension funds would be hugely attracted to state controlled industries - that’s a brilliant plan

wingy · Jul 21, 2024

Grendel said:
Yes I’m sure pension funds would be hugely attracted to state controlled industries - that’s a brilliant plan

That's the question, always sceptical of deals like this, kind of damned in mistrust?

MalcSB · Jul 21, 2024

Sky_Blue_Dreamer said:
Govt infrastructure is probably as low-risk as you could get. Better than utilities.

HS2?

MalcSB · Jul 21, 2024

Apologies, this appears to be turning in to another politics thread. I’m not sure I started that. Probably because some immigrants rioted because they don’t accept the English approach to child safeguarding.

chiefdave · Jul 21, 2024

Earlsdon_Skyblue1 said:
The fact we have gone from minority communities rioting in Leeds, to government infrastructure and Norway, north sea oil et al, you know we're fucked.

Allegations of racism swept under the carpet because people are scared to confront it. A thread dissolving into nothingness. It's very disappointing.

@Deleted member 5849 the ultimate weak man with no balls. History will remember people like you.

I'll bite, what would you do to improve things. Obviously we can't just kick anyone who isn't classed as British, by whatever definition you want to use, out so how do you propose to 'fix things?

I think you're right tbh about the debate. This happens in so many areas of politics, drug laws being another good example, people won't deviate from party line for fear of being leapt on.

ccfc922 · Jul 21, 2024

Only works one way.

The c**t which started all this who "feinted" allowed her kid to have a head injury I believe?

Marty · Jul 22, 2024

I'm surprised all these doctors and engineers were able to take time from their busy schedule to do this to start with.

MalcSB · Jul 22, 2024

Marty said:
I'm surprised all these doctors and engineers were able to take time from their busy schedule to do this to start with.

WFH and flexi-time.

Deleted member 162 · Jul 22, 2024

Ultimately, Gentlemen, if you aren't seeing it by now you just aren't getting it.

AfD are the second party in Germany (and rising), RN have more seats than ever in France, prevented getting power only because the entirety of the left and centre banded together and surrendered candidates in seats to consolidate votes to keep RN out, the Irish are burning down migrant hotels and Reform came second in 98 seats in this country, Trump is holding rallies and Americans are waving signs for deportations (outside of dodging bullets).

Whatever side of the fence you land on in relation to the Liberal Progressive Western world view of the post-WW2 era, a reaction is taking place, and it is only gaining momentum. No amount of hypothetical utopian what-ifs on a football forum are changing that.

I wouldn't hold out any hope of this ride ending any time soon.

Leeds Riots (2 Viewers)

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Deleted member 162

Guest

Users who are viewing this thread

Privacy & Transparency

Privacy & Transparency