@Maxwellpainn I’m sorry to hear that, I hope it gets reversed before it ends up like the West Midlands. It’s 60% white British where I live now, it’s the real life definition of international nowhere land. I’m moving out into Staffordshire into a British area to await the collapse.
Oh for fuck’s sake give it a rest…
Brexit was FACTUALLY a de minimis footnote (I voted remain in 2016 so don’t even start…) when compared with a raft of the worst policy decisions imaginable since the end of WW2 across virtually all policy areas, by fuckwit politicians…
To name some of the biggest offenders:
- Most expensive energy in the developed world fuelling inflation across every good and service going - and net zero cultish insanity crippling our economy; we now make virgin steel only via emergency nationalisation in all but name - mainly because windmills and solar don’t produce the joules to produce concrete or steel, to build stuff
- Shuttering North Sea oil whilst buying the same stuff from the Norwegians who banked the oil: two trillion in the tank, three hundred grand a head, a quarter of the budget paid forever
- PFI. Blair and Brown fancied hospitals that didn’t trouble the books, so they put them on tick with loan sharks. £60b of buildings, £300b out the door, NHS still paying through the nose for a car park and a leaky roof.
- Tories borrowed the best part of £400bn at 0%, the cheapest money in three hundred years, and what have we got for it? Furlough, a fortune in PPE that didn’t work, and ~£20b handed to chancers with fake ltd co’s. Nothing built. Nothing that pays you back. The lot, gone. And here’s the one nobody says out loud… Money was free. Risk free. Rates at zero for the best part of a fucking decade. If a govt or their perm secs had any sense that was the moment to issue a 30y infra bond and build the grid, the reactors, the track, the housing, lock the cost in at basically nothing and let it pay for itself for two generations. Norway would’ve had it done by lunch. We didn’t issue a penny of it. Now the long end’s at 5.5 and the door’s now bolted shut. We had the cheapest money in history and spaffed it all.
- Capital markets that don’t work since Blair and Brown’s various legislative and regulatory changes, making pension fund allocations lower going into British companies, and making it harder and more costly to raise capital to grow and keep businesses here paying taxes and employing people - the collective cost of this to British households is conservatively estimated to be around £20trillion (per @andyroocraig’s figures) and countries that were literally communist within living memory are on track to overtake us this decade, on the IMF’s own numbers. Oh, and Mississippi HAS already overtaken us on GDP per capita basis (they are the butt of all poverty jokes in the US)
- Brown flogged 395 tonnes of gold, over half the national reserve, in 17 auctions between 1999 and 2002, at about $275 an ounce, near a twenty-year structural low. They call it “Brown’s Bottom” for a reason. Pocketed $3.5b but I t’d be worth around $52b today. So that socialist genius cleared the lot at the bottom of the market and torched the thick end of £40b in one decision (because he like many politicians since the 90s is a retard with no real world understanding)
- P90/P10 wage compression under social democracy is demonstrably worse than even the Soviets managed under Gosplan ffs
- Selling off and sweating various other national assets to fund our absurd debt borrowing pile that has mostly been spaffed up the wall on zero return or loss making initiatives / welfare socialism etc
- Series of the worst trade deals imaginable (pre and post Brexit)
- Too much of people’s money tied up in the resi property Ponzi scheme doing nothing (other than now: losing value in realtime)
- Planning laws that stop anyone building infrastructure on housing
I could go on…
Plus we have rising long yields now, which are (TL;DR) the price of having destroyed your own structural buyer base and then issuing into the gap while the central bank sells on top. Brexit doesn’t appear anywhere in that mechanism either.
So, this creepy obsession you have with Brexit is weird, lame and entirely worn out.
Bin.
🚮
@GavinBoby@RealSamMelia I dont think we have a democratic way out of this either, unfortunately it’s going to be collapse. I just don’t think all the foreigners will leave, they will continue to stay here in hellish conditions, it’s the same where they came from so why bother with the move.
You don't have to stand for this, prime minister. You already ejected one leader of a troublesome faction. Eject Andy Burnham. He can be the independent MP for Makerfield.