brexit negging when yr mandate is is trash: or further chronicles of a garbage-fire

Message Bookmarked
Bookmark Removed

feat.pundit accountability now: EAT THE BOOK

mark s, Saturday, 10 June 2017 07:50 (five months ago) Permalink

actually let's start with this thread, on the fact that powersharing has collapsed in NI

It's important not to let the DUP's general grossness overshadow just what a colossally irresponsible move this is from TM. It's INSANE.

— Jack Bernhardt (@jackbern23) June 9, 2017

mark s, Saturday, 10 June 2017 07:58 (five months ago) Permalink

Bookmarked, stoked for the madness to come.

Dan Worsley, Saturday, 10 June 2017 08:06 (five months ago) Permalink

Owen Patterson apparently suggested there would be a vote on restricting abortion time limits in return for DUP support on R4 this morning.

Wag1 Shree Rajneesh (ShariVari), Saturday, 10 June 2017 08:25 (five months ago) Permalink

Though he isn't a minister iirc and might just be talking out of his hat.

Wag1 Shree Rajneesh (ShariVari), Saturday, 10 June 2017 08:26 (five months ago) Permalink

I was going to go with 'Lame duck a l'orange - UK politics in the comedy clown car era' but this works as well.

Matt DC, Saturday, 10 June 2017 08:37 (five months ago) Permalink

Nick Timothy, the prime minister’s joint chief of staff, used to love reminding people what a hierarchy was and how it worked. If No 10 was run like a business, he would do well to remember that the customer is always right.

And the customer has spoken — a hierarchy bigger than Nick, bigger than the prime minister. At the top of the chain sit the people who put you there in the first place — the electorate. I have written before about a whiff of arrogance emanating from No 10. It turns out the public couldn’t just detect a whiff, the place bloody well stank.

If you run a presidential style campaign with a woman who doesn’t like media interviews, then you have to accept that it’s better to do them and run the risk that they go badly than look like you are running scared.


Katie Perrior is letting rip in The Times today.

calzino, Saturday, 10 June 2017 08:50 (five months ago) Permalink

suspect murdoch may be a bit cross with his creature-as-was

mark s, Saturday, 10 June 2017 08:54 (five months ago) Permalink

The Times can generally say what it wants (it backed Remain after all) but The Sun has do his bidding. There are reports of Murdoch having stormed out of the room when he saw the exit poll though.

Matt DC, Saturday, 10 June 2017 08:58 (five months ago) Permalink

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQz573JCZwzL2DPiHp-nVif5DjzD5caFC1psntEaiIvWZvcyViP
Murdoch since he saw the exit poll.

calzino, Saturday, 10 June 2017 08:58 (five months ago) Permalink

shame he wasn't the priest that gets the drain geyser up his cassock

There's got to be a Corbyn after (Noodle Vague), Saturday, 10 June 2017 09:01 (five months ago) Permalink

There's an article in the Telegraph talking about who will and won't be axed in the Cabinet reshuffle but she surely isn't strong enough to risk making any troublesome enemies at this stage? Will there be DUP representatives in the Cabinet? How does that even work.

Matt DC, Saturday, 10 June 2017 09:11 (five months ago) Permalink

i believe troublesome enemy no.1 the disgraced dr liam fox has himself refused to be part of her continued shitshower

mark s, Saturday, 10 June 2017 09:12 (five months ago) Permalink

Would be lolz if the DUP insisted on Arlene Foster being made Deputy Prime Minister. In fact, the DUP could have so much fun with this, if they believed in fun.

Punnet of the Grapes (Tom D.), Saturday, 10 June 2017 09:14 (five months ago) Permalink

the DUP's idea of fun? erm.. kneeling on broken glass or something.

calzino, Saturday, 10 June 2017 09:18 (five months ago) Permalink

pic.twitter.com/nJhqsHalY3

— 346 days till OrbDay (@WildBilbo) June 9, 2017

||||||||, Saturday, 10 June 2017 09:29 (five months ago) Permalink

Oliver Duggan suspects the abortion quote is nonsense - which would match my understanding that the DUP dgaf about anything much outside NI.

Fact check: Owen Paterson (not a minister) said "You might get a debate on further reduction of abortion times as medical science advances." https://t.co/7lYdFWp9Pf

— Oliver Duggan (@OliDuggan) June 10, 2017

Andrew Farrell, Saturday, 10 June 2017 09:44 (five months ago) Permalink

It's incredible how quickly Prime Ministerial authority seems to evaporate - literally overnight in the case of Thatcher, Major, Brown, Cameron and now May. Cameron at least had the good sense to know when his time was up and shoot himself in the head quickly, but I'm guessing May has taken a long look and decided she'd rather be John Major instead.

Matt DC, Saturday, 10 June 2017 09:44 (five months ago) Permalink

I think May's authority was very illusionary for the last few weeks, but before election night it was just about still there .. and then it's gone in a flash!

calzino, Saturday, 10 June 2017 09:54 (five months ago) Permalink

Tory breakdown with Lab figures in brackets.

18-24 2% (9%)
25-34 7% (19%)
35-44 11% (20%)
45-54 18% (18%)
55-64 24% (18%)
65+ 38% (16%)

— Anthony Painter (@anthonypainter) June 10, 2017

Judging by this, you'd have to assume that a) Tory support in modern Britain probably peaked in 2015, and b) they're about to crash headlong into a demographic ravine without a major change in direction.

Matt DC, Saturday, 10 June 2017 10:01 (five months ago) Permalink

xp

yeah, it's the difference between obviously playing a shocker but getting a tiny win anyway and playing a shocker and being held to a no goals draw by non-league opposition

There's got to be a Corbyn after (Noodle Vague), Saturday, 10 June 2017 10:02 (five months ago) Permalink

"a tidy win"

There's got to be a Corbyn after (Noodle Vague), Saturday, 10 June 2017 10:02 (five months ago) Permalink

still in two competitions, lets just focus on the big european match coming up

del esdichado (NickB), Saturday, 10 June 2017 10:06 (five months ago) Permalink

Squeaking back into government humiliated with the backing of a far-right fringe group is like a trophy really.

Matt DC, Saturday, 10 June 2017 10:10 (five months ago) Permalink

I noticed that some of the historical Blasphemy acts were only abolished in '08, there might be some "fun" times ahead.

calzino, Saturday, 10 June 2017 10:15 (five months ago) Permalink

I'm sure there's a millwall joke in there somewhere xp

del esdichado (NickB), Saturday, 10 June 2017 10:21 (five months ago) Permalink

Judging by this, you'd have to assume that a) Tory support in modern Britain probably peaked in 2015, and b) they're about to crash headlong into a demographic ravine without a major change in direction.

Thatcherkids don't seem very fond of the Conservative Party.

Punnet of the Grapes (Tom D.), Saturday, 10 June 2017 11:12 (five months ago) Permalink

We're living through strange times.

Brought my kids to football practice in Islington this morning and I have to confess I wasn't expecting this... pic.twitter.com/Fc5BhgPGot

— Giles Coren (@gilescoren) June 10, 2017

Dan Worsley, Saturday, 10 June 2017 11:33 (five months ago) Permalink

"For the first time, more than half of MPs elected to the House of Commons were educated in state comprehensive schools" (sutton trust via the guardian)

mark s, Saturday, 10 June 2017 11:46 (five months ago) Permalink

Chris Leslie on #r4today making the salient point that Labour still ended up with nearly 60 seats less than the Conservatives. #GE2017

This is astonishing - this cunt should be grateful!

xyzzzz__, Saturday, 10 June 2017 11:53 (five months ago) Permalink

this belongs in the old -- soon to closed? thread really, but

i call this painting "MONEY WELL SPENT"
https://pbs.twimg.com/media/DB4Q80gXsAA8jIR.jpg:large

mark s, Saturday, 10 June 2017 11:54 (five months ago) Permalink

keep thinking back to the interview the second biggest boy gave after the brexit vote where he all but said labour were now on an election footing. you could see it from the easter flurry of policy announcements, which were v well handled. while our credulous media were blindsided by the snap election call, team jez seemed very well prepared and up for the fight. striking that the other day when asked about the election, he said we're going to win... now, we can quibble abt the meaning of win all you like but when he said it I believed he believed it.

||||||||, Saturday, 10 June 2017 11:57 (five months ago) Permalink

"very next generation realized the stakes and spoke up"

the absolute non-boy flubs doge-speak and anyway it's all abt melt-speak these days

Wow. So good Labour stronger. So good Brutal Brexit rejected. So good next generation realized the stakes and spoke up.

— David Miliband (@DMiliband) June 9, 2017

mark s, Saturday, 10 June 2017 11:58 (five months ago) Permalink

Chris Leslie share went from 50 - 70%. Sorry you won't have a career in the shadow cabinet, now will you kindly fuck off.

xyzzzz__, Saturday, 10 June 2017 11:58 (five months ago) Permalink

There you go:

Low Value Person‏ @Mc_Heckin_Duff 2h

Even now it's fragile. We still don't know that the 13M voters who turned up this time will show up next time.
1 reply . 2 retweets 11 likes
Low Value Person‏ @Mc_Heckin_Duff 2h

But you work on trying to make it 16M, don't just say 13M wasn't bloody good enough ffs.

xyzzzz__, Saturday, 10 June 2017 12:00 (five months ago) Permalink

I'm still going to need a translation for 'second biggest boy'.

Andrew Farrell, Saturday, 10 June 2017 12:01 (five months ago) Permalink

Ok. You win. I will be eating my book on Sky News at 4.30pm.

— Matthew Goodwin (@GoodwinMJ) June 10, 2017

||||||||, Saturday, 10 June 2017 12:09 (five months ago) Permalink

^^^smallest boy

mark s, Saturday, 10 June 2017 12:11 (five months ago) Permalink

reading on FB that may in fact tried to resign yesterday and the tory grandees said "no, you go in the autumn, you're not scuttling away like yr predecessor"

so are the grandees still genuinely a thing? it was good nasty internal party-politicking that did for thatcher, not grandees

mark s, Saturday, 10 June 2017 12:16 (five months ago) Permalink

story is in the sun, i won't link it -- i suspect it these days just means "ppl in the party you've heard of", rather than an inner cabal of men in grey suits with direct links to bilderburg and/or the illuminati

more searching that me that iain duncan smith is considered a grandee by some -- this reminds me of tom ewing's pinned tweet of a while back "michael gove is not a big beast"

mark s, Saturday, 10 June 2017 12:21 (five months ago) Permalink

Nick Timothy (co-chief of staff) has resigned..

xyzzzz__, Saturday, 10 June 2017 12:25 (five months ago) Permalink

I would wait and see if she is still leader by Tuesday. The big all-MP meeting to deal with recriminations is Monday morning and polling suggests she has already lost most of the grass roots members.

Wag1 Shree Rajneesh (ShariVari), Saturday, 10 June 2017 12:36 (five months ago) Permalink

She's lost the dressing room.

Punnet of the Grapes (Tom D.), Saturday, 10 June 2017 12:40 (five months ago) Permalink

Fiona Hill has gone too

stet, Saturday, 10 June 2017 12:40 (five months ago) Permalink

reading on FB that may in fact tried to resign yesterday and the tory grandees said "no, you go in the autumn, you're not scuttling away like yr predecessor"

these grandees sound scary. makes me think of the republican party meeting in the simpsons, with sideshow bob.

Bein' Sean Bean (LocalGarda), Saturday, 10 June 2017 12:42 (five months ago) Permalink

always a worry if they replace her they'll get a dead-eyed cat bounce in the polls

There's got to be a Corbyn after (Noodle Vague), Saturday, 10 June 2017 12:42 (five months ago) Permalink

What are the chances of any sort of a dcam return after say a three, four year period

D'mnuchin returns (darraghmac), Saturday, 10 June 2017 12:46 (five months ago) Permalink

only in the guise of george i'd have thought

Bein' Sean Bean (LocalGarda), Saturday, 10 June 2017 12:48 (five months ago) Permalink

No way, he was never interested in politics in the first place.

Punnet of the Grapes (Tom D.), Saturday, 10 June 2017 12:48 (five months ago) Permalink

i think he's quit for good

i have also (reluctantly) given up on my michael portillo long game theory

mark s, Saturday, 10 June 2017 12:49 (five months ago) Permalink

Fuck all about social housing other for all the Grenfell crocodile tears as well.

Matt DC, Thursday, 23 November 2017 11:07 (yesterday) Permalink

Or about the treatment of the disabled on benefits. But no-one cares about that anyway.

The buttermilk of Beelzebub (Tom D.), Thursday, 23 November 2017 11:11 (yesterday) Permalink

I heard a suggestion that the stamp duty abolition might have the effect of forcing house prices up but I'm underclass rent sector vermin so house buying is a total mystery to me.

Same here, I've got no idea what stamp duty is.

The buttermilk of Beelzebub (Tom D.), Thursday, 23 November 2017 11:11 (yesterday) Permalink

the income tax allowance rise might be worth a quid a week to me as long as no prices of anything go up during the next year

who says no to mentals? (Noodle Vague), Thursday, 23 November 2017 11:12 (yesterday) Permalink

offset against not having had a pay rise in 5 or 6 years tho

who says no to mentals? (Noodle Vague), Thursday, 23 November 2017 11:13 (yesterday) Permalink

stamp duty is one of the pitifully few taxes on land ownership that exist in the UK fwiw

illegal economic migration (Tracer Hand), Thursday, 23 November 2017 11:16 (yesterday) Permalink

So this is the comment that got Corbyn riled up:

. @AndrewGriffiths heckled @jeremycorbyn saying ‘you should be in social care’. Toxic, useless and clueless. These people are the dregs. Where do the Tories find them?

— Aaron Bastani (@AaronBastani) November 22, 2017

xyzzzz__, Thursday, 23 November 2017 11:16 (yesterday) Permalink

They keep getting away with completely vague commitments to building new social housing, which of course are petri dishes for future Labour voters. Quite a lot of the PLP are just as full of shit as the Cons on that old canard that is Affordable Housing tbf.

calzino, Thursday, 23 November 2017 11:19 (yesterday) Permalink

I don't think they have it in Scotland? I know the process of buying a house in Scotland is different to the rest of the UK, or England+Wales at least. (xxp)

The buttermilk of Beelzebub (Tom D.), Thursday, 23 November 2017 11:19 (yesterday) Permalink

half of the PLP probably have some direct connect to the housing/renting sector, the same half that are essentially economic neolibs and believe that social housing is anti-aspirational and a throwback to the kind of undereducated vermin that let their dogs bite you while you're out campaigning

who says no to mentals? (Noodle Vague), Thursday, 23 November 2017 11:24 (yesterday) Permalink

Stamp duty is a weird tax that you pay if you buy a house or flat - the (good) assumption is that people buying a place are spending the absolute maximum they can afford, so if they have £100 to spend but they know that the stamp duty will be £5, they can afford a flat for £95. So if you remove the duty they will have £100 to spend on a flat. So the thinking is they'll just buy the same flat for £5 more because the market will inflate by precisely that amount.

Therefore removing this stamp duty will just slightly inflate the price of places at the cheaper end, so existing homeowners profit a bit and the tax take goes down a bit. WIN.

Oh and Stamp Duty doesn't kick in until something like £250000 anyway, which means that even if this does help first-time buyers, it helps first-time buyers who are probably doing pretty well already.

xp Scotland has its own stamp duty.

Tim, Thursday, 23 November 2017 11:25 (yesterday) Permalink

Loosening the cap on Local Authorities borrowing to build social housing is not *nothing* but it is thin sauce.

Tim, Thursday, 23 November 2017 11:27 (yesterday) Permalink

isn't that alongside what amounts to the forced privatization of housing associations?

who says no to mentals? (Noodle Vague), Thursday, 23 November 2017 11:29 (yesterday) Permalink

Quite likely - I haven't seen that bit. When I had a little moan at a local councillor who came round canvassing about what was happening to social housing, she said was the inability to borrow forces councils into these unholy partnerships with big developers.

Tim, Thursday, 23 November 2017 11:32 (yesterday) Permalink

Scotland can opt out of the stamp duty nonsense and presumably will.

Tory hecklers literally crouching behind the benches as they shouted in some cases. Numerous Labour MPs tweeting angrily about their conduct yesterday.

Other notable budget stats

- Deficit not due to be eliminated until 2031 (16 years later than Osborne claimed it would be).
- Growth below 2% in every forecast year for first time in modern history.
- Annual pay not due to return to 2008 peak until 2025.

nashwan, Thursday, 23 November 2017 11:32 (yesterday) Permalink

The end of the world will come sooner than deficit elimination.

xyzzzz__, Thursday, 23 November 2017 11:54 (yesterday) Permalink

https://pbs.twimg.com/media/DPUJW7YX0AA_YF8.jpg

is there a story behind this picture? why on earth would you pose for a photo like this when you're chancellor of the exchequer?

soref, Thursday, 23 November 2017 12:01 (yesterday) Permalink

It's puzzling that they put that "pensive chimpanzee" look out there on such an important day for him.

calzino, Thursday, 23 November 2017 12:10 (yesterday) Permalink

There's very little merit in completely eliminating the deficit anyway, unless you want to destroy the gilts market and with it the safest place for pension funds to put money.

Matt DC, Thursday, 23 November 2017 12:13 (yesterday) Permalink

Yes deficit elimination is just based on nonsense - but its an aim that has been there for a very long time.

xyzzzz__, Thursday, 23 November 2017 12:16 (yesterday) Permalink

This should be thrown back at the Tories as much as "350m a week" has been.

nashwan, Thursday, 23 November 2017 12:48 (yesterday) Permalink

If they want to decrease the cost of housing they need to increase the supply /asmithtruths

And not 'let's give housing agencies money to build houses we won't own'.

Leaghaidh am brón an t-anam bochd (dowd), Thursday, 23 November 2017 13:02 (yesterday) Permalink

Circling back to the LM stuff from earlier in the week, there is a select committee on whether freedom of speech is overly restricted at universities and, of the four witnesses, three work for Spiked:

https://www.parliament.uk/business/committees/committees-a-z/joint-select/human-rights-committee/news-parliament-2017/freedom-of-speech-uni-17-19/

Legit impressive how they have managed to weasel their way in to so many things.

Wag1 Shree Rajneesh (ShariVari), Thursday, 23 November 2017 13:41 (yesterday) Permalink

scottish budget is in 3/4 weeks time. LBTT is the scots SDLT equivalent. as tim says, this change will inflate prices on its own and will also inflate demand, inflating prices further. it increased prices 0.3% last time when darling did it in 2009. the economic landscape is a touch more robust now than it was then so would expect 0.3% increase to be on the low end........

scariest prospect is that the levers that we’re pulled during the GFC are still in the same position 10 years on so if there’s a correction (or some near term event which causes economic dislocation) (hmmm) we’re probably fucked wahey

||||||||, Thursday, 23 November 2017 13:44 (yesterday) Permalink

what is kez doing. seriously

||||||||, Thursday, 23 November 2017 13:46 (yesterday) Permalink

how is this website free

A question I've encountered to which I don't have a good answer. Perhaps twitter can help me out? "Is teenagers' use of 'sick' to mean 'brilliant' any more (or less) pro-ill people than the use of 'gay' to mean 'rubbish' is anti-homosexual people? If so, why?"

— Andrew Lilico (@andrew_lilico) November 23, 2017

||||||||, Thursday, 23 November 2017 14:02 (yesterday) Permalink

a profound exploration of epistemology there

who says no to mentals? (Noodle Vague), Thursday, 23 November 2017 14:10 (yesterday) Permalink

or some dickwitted homophobic SJW-baiting, can't decide

who says no to mentals? (Noodle Vague), Thursday, 23 November 2017 14:11 (yesterday) Permalink

Loved the BBC's unbiased selling of Hammond's stamp duty policy to a 'representative group of voters' on Newsnight last night. Well done for trying so hard to win round the younger voters, in particular, Central Office will be delighted.

The buttermilk of Beelzebub (Tom D.), Thursday, 23 November 2017 14:23 (yesterday) Permalink

Anyone receiving certain benefits might qualify for warm home one-off payment of £140 this winter (if I qualified, that would pay for an entire quarter of electricity). Check it out here:

https://www.gov.uk/the-warm-home-discount-scheme/energy-suppliers

kim jong deal (suzy), Thursday, 23 November 2017 14:49 (yesterday) Permalink

Ken Clarke on the influence of Rebekah Brooks 10-13 years ago.

https://www.buzzfeed.com/jimwaterson/ken-clarke-says-david-cameron-did-some-sort-of-deal-to-win?utm_term=.xmXWRJDNR#.yjMbyGJ4y

"When I became the lord chancellor responsible for prisons I was rung up first of all by the prime minister, then by the chancellor of the exchequer, then by the home secretary, separately, all asking me why in the face of the prison crisis [and The Sun's campaign] I was not considering prison ships. That was 2007."

nashwan, Thursday, 23 November 2017 14:59 (yesterday) Permalink

xp
I'm sure if more people knew how simple it is to link-out your electric meter for free power, then a coordinated mass hit on the greedy energy industry would be a fun possibility. But obv don't ever get caught linking out your meter - you do time for that shit!

calzino, Thursday, 23 November 2017 15:02 (yesterday) Permalink

xp

second quote is from lord falconer, which makes the whole story even more barmy... I mean... prison ships... 🤔

||||||||, Thursday, 23 November 2017 15:07 (yesterday) Permalink

More Brexit LOLz.

The buttermilk of Beelzebub (Tom D.), Thursday, 23 November 2017 18:49 (yesterday) Permalink

it feels like we have begun to turn the corner when the realities are beginning to actually become real.

all we need is one big financial inst. to declare they are leaving london, and then all hell will break loose.

as they used to say in macgyver : 'let the countdown begin .. '

mark e, Thursday, 23 November 2017 19:18 (yesterday) Permalink

Feel like the EU should give us some sort of special aw diddums award just in recognition of the fact that we’ve really gone and pissed on our sandwiches in so many different spheres

damian green is people (NickB), Thursday, 23 November 2017 19:30 (yesterday) Permalink

Since 1603 u mean?

fake pato is kind of racist, dude (darraghmac), Thursday, 23 November 2017 19:37 (yesterday) Permalink

Goldman Sachs has basically already said they're upping and leaving. I'm not sure that would have as big an impact, politically, as a big car plant in a medium-sized town closing down while explicitly citing Brexit as the reason.

Matt DC, Friday, 24 November 2017 09:15 (three hours ago) Permalink

We've handed may a golden fuckin ticket here unless the main parties here make a U-turn today

fake pato is kind of racist, dude (darraghmac), Friday, 24 November 2017 09:26 (three hours ago) Permalink

A succession of stories in which a major employer in a Leave-voting area just disappears could have a major impact on the political debate in this country. That doesn't mean everyone turning into Remainers overnight, but more an explosion of anger, perhaps another rightward shift, demands for public money that the government won't provide, etc.

Matt DC, Friday, 24 November 2017 09:28 (three hours ago) Permalink

A major employer I can see from my office window, MINI, meets most of these criteria....I can well imagine BMW moving them out. Oxford voted Remain though.

Grandpont Genie, Friday, 24 November 2017 09:47 (three hours ago) Permalink

I've seen ppl arguing that banking orgs fleeing london is actually no loss since what have they ever done for us etc and a london greatly reduced in wealth and heft will be a needed rebalancing

there's an element of truth in the last bit -- the uk is ludicrously unbalanced towards its hugely over-large main city in all kinds of ways (and the freeing up of finance in the 80s contributed a lot to this; the london population was actually shrinking between ww2 and the 1970s)

but a merely market-driven rebalancing, esp.one in a significantly down-sized economy, is not going to go well, is not going to be an equitable rebalancing

mark s, Friday, 24 November 2017 10:17 (two hours ago) Permalink

In a saner world the financial sector would be a key agent of that rebalancing though, by investing long-term in the kind of productive industries that would allow other parts of the country to grow. But a lot of the City resists that - you need very long-term and high-risk lending - and government has had no real interest in making them do it because the City was generating so much tax in and of itself. The upshot is that, over a period of decades, the government has become dangerously over-reliant on the financial sector for revenue - financial services are a relatively small part of the economy but account for a huge slice of the exchequer.

The result of this is probably going to be that, when push comes to shove, the govt will do pretty much anything to keep the banks here even at the expense of enraging their more Brexit fundamentalist backbenchers. If we don't crash out on WTO rules, I'm not sure the impact on the financial sector is going to be that pronounced.

On the other hand it might be a lot harder for them to recruit internationally and that may cause some banks to just go "fuck this". But London has a cultural cache internationally that a lot of the mooted alternatives just don't have. A tech exodus to Berlin is one thing but London is still likely to be more attractive to individual bankers than Frankfurt or Switzerland.

Matt DC, Friday, 24 November 2017 10:41 (two hours ago) Permalink

We're much more likely to lose what remains of manufacturing and that's going to have a massive impact on a lot of places that voted for Brexit.

Matt DC, Friday, 24 November 2017 10:44 (two hours ago) Permalink

financial services are a relatively small part of the economy but account for a huge slice of the exchequer

7.2% of the economy and 11.5% of total government receipts according to a crafty google - that's a difference but maybe not such a big difference?

Tim, Friday, 24 November 2017 10:51 (two hours ago) Permalink

(I agree with your overall point, mind.)

Tim, Friday, 24 November 2017 10:52 (two hours ago) Permalink

Q. is what proportion of the London economy is FS?

calumerio, Friday, 24 November 2017 10:59 (two hours ago) Permalink

http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf

says 16.3%

Tim, Friday, 24 November 2017 11:06 (one hour ago) Permalink

7.2% of the economy and 11.5% of total government receipts according to a crafty google - that's a difference but maybe not such a big difference?

Ah right, I thought the gap was bigger than that. Still big enough for the government not to want to take chance on it (especially when it also means donations + votes).

says 16.3%

I'm guessing that's not including the various companies (software, information, restaurants, whatever) that also depend on it. An issue the government will presumably factor in, in a way they never did when thinking about the knock-on effects of public spending cuts on the private sector.

Maybe they'll be prepared to let the whole thing go to the wall, but you don't rebalance an economy by tanking one part of it, you do it by building up the other parts as quickly as possible. It doesn't look like "the market" as they currently understand it is going to be capable of doing that post-Brexit, especially as it hasn't really done so up until now.

Matt DC, Friday, 24 November 2017 11:13 (one hour ago) Permalink


We're much more likely to lose what remains of manufacturing and that's going to have a massive impact on a lot of places that voted for Brexit.

― Matt DC, Friday, 24 November 2017 10:44 (thirty-two minutes ago) Bookmark Flag Post Permalink

precisely. this will not be pretty.

Susan Stranglehands (jed_), Friday, 24 November 2017 11:17 (one hour ago) Permalink


You must be logged in to post. Please either login here, or if you are not registered, you may register here.