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Another coalition government: good or bad?

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Ribenapigeon
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PostPosted: 12:49 - 30 Mar 2015    Post subject: Another coalition government: good or bad? Reply with quote

What do folks think? Would another coalition be a good thing or a bad thing?
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oldpink
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PostPosted: 12:56 - 30 Mar 2015    Post subject: Reply with quote

depends on the coalition Laughing
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Ribenapigeon
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PostPosted: 13:15 - 30 Mar 2015    Post subject: Reply with quote

oldpink wrote:
depends on the coalition Laughing


So what kind would you like
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JonB
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PostPosted: 13:17 - 30 Mar 2015    Post subject: Reply with quote

Although it has been apparently ruled out. I am extremely fearful of a Labour/SNP coalition.
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oldpink
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PostPosted: 13:22 - 30 Mar 2015    Post subject: Reply with quote

JonB wrote:
Although it has been apparently ruled out. I am extremely fearful of a Labour/SNP coalition.


suspect the SNP will play a part, and as a card carrying member I see it as not a bad thing
during the referendum it was "Please stay in the Uk" but we are not allowed to have a say in Wastemonger if Labour or the Tory's have their way
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daemonoid
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PostPosted: 13:41 - 30 Mar 2015    Post subject: Reply with quote

There are a few countries on the mainland that seem to exist in a permanent state of coalition*. The great thing about it is that it minimises the harm any particular government can do... The countries just tick along.

Heck, Belgium went the best part of a couple of years without a government at all when the coalition decided not to cooperate and do you know what changed? Nothing!

Bring forth the coalition I say. The more parties the better.




*And I mean proper coalition, not lib dems simply acting as lap dogs.
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Polarbear
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PostPosted: 15:39 - 30 Mar 2015    Post subject: Reply with quote

Have to agree with him ^^^^

Coalition has seemed to reduce the excesses that the Conservatives could dream up.

I'm not sure if the Lib Dems would want another session of being sodomised by Cameron though, they have really lost all credibility from being the patsys.

Labour and SNP, Shocked forget the Union. We would be giving independance to Cornwall under them.
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The Wobbly Orange
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PostPosted: 15:59 - 30 Mar 2015    Post subject: Reply with quote

Well considering we seem to be doing better than the rest of Europe I would say coalition has worked better than I honestly expected. I would not mind another Tory/LibDem coalition at all.
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Pigeon
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PostPosted: 18:09 - 30 Mar 2015    Post subject: Reply with quote

Yep agreed, anything that ties them down from implementing too many long term laws on short term gains seems to be a good thing......although it does make you wonder whats the point of having them.
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Ste
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PostPosted: 19:37 - 30 Mar 2015    Post subject: Reply with quote

Coalitions are a waste of time, all they mean is that nobody gets what they voted for. Rolling Eyes

The damage that could be caused by Labour, the SNP and their supporters is worrying possibility!
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mentalboy
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PostPosted: 19:39 - 30 Mar 2015    Post subject: Reply with quote

Pigeon wrote:
.....although it does make you wonder what's the point of having them.


Are you referring to a specific party, a coalition or just MP's in general?
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mentalboy
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PostPosted: 19:40 - 30 Mar 2015    Post subject: Reply with quote

Ste wrote:
Coalitions are a waste of time, all they mean is that nobody gets what they voted for. Rolling Eyes


Just like single party control then! Rolling Eyes
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Pigeon
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PostPosted: 22:00 - 30 Mar 2015    Post subject: Reply with quote

mentalboy wrote:
Pigeon wrote:
.....although it does make you wonder what's the point of having them.


Are you referring to a specific party, a coalition or just MP's in general?


MP's in general. Bit churlish and simplistic on my part.....hang on, those are my only parts Smile
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kawakid
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PostPosted: 22:17 - 30 Mar 2015    Post subject: Reply with quote

I'm thinking of not bothering to vote.

I am quite right wing, though I want to stay in Europe, I do think the Tories have done wonders with the economy just in my industry I see massive growth and we are now finding it difficult to recruit. B but I don't trust them with defence. To cut defence below 2% is ridiculous.

Labour, I like the £6K Uni fees idea, however I think Ed Milliband is a complete tool, he is not charismatic and don't think he is prime ministerial.

Liberals, tbh I don't mind Cleg, I think they brought balance. I know everyone goes on about the uni fees, but he didn't actually win the election.

UKIP, borderline racists. Even though I am to the right, we belong in Europe, I daily interact with people all over Europe in my job and I need to be able to visit/work without hindrance. Everything in the EEC is so easy, try having to go to Moscow or USA, visa bolloxs.

SNP = Racists anti English bigots. They bring shame on the Scottish nation. When you hear one speak substitute Westminster with England and you will understand. I will never forgive any party going in to alliance or understanding with them.

Greens - Tossers and if a man had made comments about women like Natalie Bennett did on radio 4 they would have been hounded. It wasn't in the press I don't think, I heard her speak.

Saying all that I see a labour Victory.
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Ste
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PostPosted: 23:04 - 30 Mar 2015    Post subject: Reply with quote

kawakid wrote:
Saying all that I see a labour Victory.

https://www.youtube.com/watch?v=6JeYlBRvUeE
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Pigeon
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PostPosted: 23:22 - 30 Mar 2015    Post subject: Reply with quote

kawakid wrote:
I do think the Tories have done wonders with the economy

What wonders? BoE started printing money in 2009. £375bln
That equates to 3% of GDP since 2009 per year!
But what actually happened to GDP growth in the following years.
2010 1.9%
2011 1.6%
2012 0.7%
2013 1.7%
2014 2.7%

So without QE, we'd have been in recession for 5 years.

But QE isn't a free lunch, in fact it's state authorised theft. Sterling's global currency value has devalued by 20% meaning we've had a lot of price inflation either direct, or indirect in the lower quality / volume of product for the same money.
Pension funds forced to hold gilts have been decimated, leaving enormous black holes, no way to fill them and an ageing population.

Unemployment is down, but underemployment is significantly up as are zero hours contracts. There has been an explosion in pay day lenders.

Help to Buy, Funding for Lending Scheme, slammed interest rates have all created asset bubbles.

The Tories have penalised the poor by hitting the 3% chunk of the welfare bill that is NOT pensions. If you reduce disabled payments by 50%, reduce unemployment benefit by 50%, reduce housing benefit by 50% and you still only save 1.5% of welfare bill. They made savings in the 3% slice and left 97% because it's their core vote.

kawakid wrote:
just in my industry I see massive growth and we are now finding it difficult to recruit.

Congratulations. I'm guessing your industry is built heavily on credit, or customers who have access to credit / investment.

I'm not saying that Conservatives have done a worse job than any other party, the political system is purely there to preserve the status quo and really doesn't matter who is in "power".
But they have done next to fuck all other than follow the lead of other central banks, specifically the FED.

kawakid wrote:

Saying all that I see a labour Victory.


I would have said the same thing and did in 2010 after the Comprehensive Spending Review. All Labour had to do was vote David Milliband in and they were home & dry. In fact, they still could have gotten Alan Johnson 2 years later when it was obvious Ed was the wrong front man and still probably have made it to number 1.
But no, Ed did a deal with the Unions and it's cost Labour the election I think. Labour will lose as many seats to UKIP as Cons do. The only saving grace for them is no one will vote lib and their natural home is labour.
I think another coalition, but this time between UKIP and cons.
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Lord Percy
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PostPosted: 23:45 - 30 Mar 2015    Post subject: Reply with quote

Question:

Did the coalition keeps things good and help everything get back to OK again? Or did the world just return to normal, as dictated by money, economy, corporate entities and other financial happenings, totally irrespective of political decision. ...?
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Pigeon
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PostPosted: 23:55 - 30 Mar 2015    Post subject: Reply with quote

Lord Percy wrote:
Question:

Did the coalition keeps things good and help everything get back to OK again? Or did the world just return to normal, as dictated by money, economy, corporate entities and other financial happenings, totally irrespective of political decision. ...?


Definitely the later. If not wholly, then 80%.
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Polarbear
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PostPosted: 07:39 - 31 Mar 2015    Post subject: Reply with quote

Pigeon wrote:
Lord Percy wrote:
Question:

Did the coalition keeps things good and help everything get back to OK again? Or did the world just return to normal, as dictated by money, economy, corporate entities and other financial happenings, totally irrespective of political decision. ...?


Definitely the later. If not wholly, then 80%.


Have to agree. The Tories were lucky from the point of view of of the economy. Things have picked up the world over and they are on the coat tails of that.

Jobs, well they might be up, but as Pigeon said, it's all about figure manipulation. Real jobs, as in contracts with regular reasonable pay are not up. Zero hours contracts are because of the 'starve them back to work' practices. Evil or Very Mad
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daemonoid
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PostPosted: 07:40 - 31 Mar 2015    Post subject: Reply with quote

Pigeon wrote:
But QE isn't a free lunch, in fact it's state authorised theft. Sterling's global currency value has devalued by 20% meaning we've had a lot of price inflation either direct, or indirect in the lower quality / volume of product for the same money.


Against what? In the 5 years you mention sterling went up against the dollar and has fallen back this year to be about the same as 5 years ago https://www.xe.com/currencycharts/?from=GBP&to=USD&view=5Y

And I'm sure you're not complaining about sterling's performance against the euro or Yen?

https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=5Y
https://www.xe.com/currencycharts/?from=GBP&to=JPY&view=5Y

Sterling's not doing so well against the swiss franc, so if you take that as the barometer of 'global currency value' then I suppose you have an argument...

https://www.xe.com/currencycharts/?from=GBP&to=CHF&view=5Y
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Polarbear
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PostPosted: 07:43 - 31 Mar 2015    Post subject: Reply with quote

Oh, and the Tories were quite happy to continue with borrowing to finance their plans before the crash of 2008. It wasn't just Labour, they were all at it.
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mentalboy
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PostPosted: 09:13 - 31 Mar 2015    Post subject: Reply with quote

daemonoid wrote:


Against what? In the 5 years you mention sterling went up against the dollar and has fallen back this year to be about the same as 5 years ago https://www.xe.com/currencycharts/?from=GBP&to=USD&view=5Y

And I'm sure you're not complaining about sterling's performance against the euro or Yen?

https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=5Y
https://www.xe.com/currencycharts/?from=GBP&to=JPY&view=5Y

Sterling's not doing so well against the swiss franc, so if you take that as the barometer of 'global currency value' then I suppose you have an argument...

https://www.xe.com/currencycharts/?from=GBP&to=CHF&view=5Y


Have the Swiss used quantitive easing measures recently? If I'm not mistaken the Euro, Yen and Dollar have all relied on it to some degree (the Japanese seem to be addicted to it!!). Only last month the Swede's decided to employ those measures as well.
Would it not be harder to judge it's global affects if all the major currencies are pursuing the same. I wonder how Western currencies compare to the Yuan over the last few years??
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daemonoid
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PostPosted: 09:39 - 31 Mar 2015    Post subject: Reply with quote

mentalboy wrote:
Have the Swiss used quantitive easing measures recently? If I'm not mistaken the Euro, Yen and Dollar have all relied on it to some degree (the Japanese seem to be addicted to it!!). Only last month the Swede's decided to employ those measures as well.
Would it not be harder to judge it's global affects if all the major currencies are pursuing the same. I wonder how Western currencies compare to the Yuan over the last few years??


The Swiss have other problems - their currency is too powerful. They had an artificial peg to ensure it remained close to the Euro. That artificial peg ended up costing too much to maintain and they discontinued it very recently (the downward spoke on the chart).

The problem with a powerful curreny is that no one buys your stuff. People in the short term get a boost because they can import cheaply, but the inability to export eventually catches up and damages the economy severely.

In any case, the CHF is a side note on the global currency market. Against the major currencies, sterling is doing rather well. The suggestion that the past 5 years have been bad for the currency is clearly nonsense.

Against the Yuan the pound is not faring so well, but China is going through a huge economic shift. The INR is going the other direction for contrast... Emerging economies are very difficult to compare against established economies. And China, despite its gains, are actually beginning to suffer the same as the Swiss - it's very difficult to be the world's cheap manufacturer when your currency is worth twice what it was.
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