UK General Election July 4th 2024 - Trading ONLY thread

[Derek27]

Nutcase Farage says Britain and the US are to blame for the invasion of Ukraine. He also says BrexIt can work ... we just need to put him in charge.

[Emmson]

Farage was EXPOSED completely

Easily my fave moment of the election campaign.

[Derek27]

I'm always suspicious of people who want to raise tax thresholds to nice round figures. I'd pick something like £19,250/£66,725, make it look as if I've done some complex calculations instead of picking figures out of the air, and at the same time raise a bit more tax.

[LeTiss]

Concerned about the inheritance tax situation with Labour. This is why I hate socialism.....it's the politics of envy. People who have achieved nothing in their life, thinking they are owed something by people who have worked harder and saved harder than them

[sionascaig]

Concerned about the inheritance tax situation with Labour. This is why I hate socialism.....it's the politics of envy. People who have achieved nothing in their life, thinking they are owed something by people who have worked harder and saved harder than them

Its not only labour you should be worried about...

https://www.theguardian.com/uk-news/202 ... d-citizens

Screenshot 2024-06-22 093016.png

[LeTiss]

I'm not turning this into a debate on the monarchy, mate.....I'm talking about normal hardworking families, who have bought their own house through savings and hard work, and want to leave the proceeds of their endeavours to their loved ones. For Starmer to think that the government holds the right to punish those families with higher taxes says everything you need to know about socialism.

[Derek27]

Concerned about the inheritance tax situation with Labour. This is why I hate socialism.....it's the politics of envy. People who have achieved nothing in their life, thinking they are owed something by people who have worked harder and saved harder than them

Most parties are making promises we know they can't keep, Labour are doing the opposite, promising nothing but not saying what they will do, leading to widespread speculation, and in Sunak's case, assumptions that they will do everything they haven't ruled out.

The bottom line is we don't have a clue what will happen whoever were to get into office, but I don't think people who've worked hard, saved up and taken out a mortgage for their dream home will have anything more to fear from Starmageddon than they would from Lettuce Liz.

[sionascaig]

I'm not turning this into a debate on the monarchy, mate.....I'm talking about normal hardworking families, who have bought their own house through savings and hard work, and want to leave the proceeds of their endeavours to their loved ones. For Starmer to think that the government holds the right to punish those families with higher taxes says everything you need to know about socialism.

Yes, it wasn't the best post for a GE trading thread..

Agree... If they can't be explicit about it in the manifesto they should not have a mandate to change. I agree with the SNP position - there is a big conspiracy of silence around some very important matters (tax raising & cuts)..

[Archery1969]

Well, someone needs to find £37 billion, fast, as it’s going up by the second due to interest.

That’s just to fill the black hole without further spending or borrowing.

The IFS has said that’s it’s true the NHS is getting record funding. But it’s obviously still not enough or being spent incorrectly. That can’t continue as the NHS is becoming one big black hole too.

I really don’t understand why everyone is against the type of system they have in New Zealand, Australia and Canada. Which is not the same as USA. When working you pay into a Medicare system which is 5% of your annual income. The premium is set and can’t be changed by care providers. More you earn, more you pay. This takes the financial burden away from government and allows them to look after those not working and/or benefits plus direct monies elsewhere.

The argument, it should be free at the point of delivery is bogus and always has been because in one way or another you pay for it via Tax or NI contributions, they just don’t give you a statement where your money goes.

But to cut a long story short, we need a magic money tree that we can shake for the next 5 years. I suspect Labour will sell more gold reserves, around £80 billion. But like Gordon Brown it won’t be put back leaving the BOE in a somewhat precarious position if there is another world event or someone wants to short the £ as was done before.

Who the hell would want to run a government ?

[greenmark]

Well, someone needs to find £37 billion, fast, as it’s going up by the second due to interest.

That’s just to fill the black hole without further spending or borrowing.

The IFS has said that’s it’s true the NHS is getting record funding. But it’s obviously still not enough or being spent incorrectly. That can’t continue as the NHS is becoming one big black hole too.

I really don’t understand why everyone is against the type of system they have in New Zealand, Australia and Canada. Which is not the same as USA. When working you pay into a Medicare system which is 5% of your annual income. The premium is set and can’t be changed by care providers. More you earn, more you pay. This takes the financial burden away from government and allows them to look after those not working and/or benefits plus direct monies elsewhere.

The argument, it should be free at the point of delivery is bogus and always has been because in one way or another you pay for it via Tax or NI contributions, they just don’t give you a statement where your money goes.

But to cut a long story short, we need a magic money tree that we can shake for the next 5 years. I suspect Labour will sell more gold reserves, around £80 billion. But like Gordon Brown it won’t be put back leaving the BOE in a somewhat precarious position if there is another world event or someone wants to short the £ as was done before.

Who the hell would want to run a government ?

Don't panic about debt. The UK is an entrepreneurial engine that you can't stop without draconian communism consuming the means of production.
Neither Tory or Labour are suggesting that.
Our response to Brexit has been a drag. I know a business that was successful enough pre-brexit to give up and did in the face of continuing bureacracy and supply line issues due to brexit.
This is the gist of the problem. Business needs smooth seamless processes. We've gone backwards in that respect. People are giving up, but everyone that trades with the EU have suffered costs that are pointless.
If Starmer can negotiate with the EU to remove that bureaucracy and get the same products and services that exist now and existed before brexit flowing without friction then I'm with him completely.

[Derek27]

Lads, there's an exciting match going on.

[Archery1969]

Well, someone needs to find £37 billion, fast, as it’s going up by the second due to interest.

That’s just to fill the black hole without further spending or borrowing.

The IFS has said that’s it’s true the NHS is getting record funding. But it’s obviously still not enough or being spent incorrectly. That can’t continue as the NHS is becoming one big black hole too.

I really don’t understand why everyone is against the type of system they have in New Zealand, Australia and Canada. Which is not the same as USA. When working you pay into a Medicare system which is 5% of your annual income. The premium is set and can’t be changed by care providers. More you earn, more you pay. This takes the financial burden away from government and allows them to look after those not working and/or benefits plus direct monies elsewhere.

The argument, it should be free at the point of delivery is bogus and always has been because in one way or another you pay for it via Tax or NI contributions, they just don’t give you a statement where your money goes.

But to cut a long story short, we need a magic money tree that we can shake for the next 5 years. I suspect Labour will sell more gold reserves, around £80 billion. But like Gordon Brown it won’t be put back leaving the BOE in a somewhat precarious position if there is another world event or someone wants to short the £ as was done before.

Who the hell would want to run a government ?

Don't panic about debt. The UK is an entrepreneurial engine that you can't stop without draconian communism consuming the means of production.
Neither Tory or Labour are suggesting that.
Our response to Brexit has been a drag. I know a business that was successful enough pre-brexit to give up and did in the face of continuing bureacracy and supply line issues due to brexit.
This is the gist of the problem. Business needs smooth seamless processes. We've gone backwards in that respect. People are giving up, but everyone that trades with the EU have suffered costs that are pointless.
If Starmer can negotiate with the EU to remove that bureaucracy and get the same products and services that exist now and existed before brexit flowing without friction then I'm with him completely.

The EU will want something back in return 3 fold. It’s upto Sir Kier if his willing to accept those conditions.

Brexit was totally Cameron’s fault for allowing the vote in the first place.

What he should have done was to argue that the UK needs to be at the top table alongside France and Germany instead of allowing the public to cast a vote.

Once brexit happened, it was obvious the EU was going to shaft the UK, you were never going to get agreement from all 28 on what we wanted as we had left the club.

For any agreement going forward the EU will want allot of concessions which will probably alienate a large number of the UK electorate. If Starmer gets it wrong then he might only have 5 years in power and then we back to xyz.

[Archery1969]

Lads, there's an exciting match going on.

Derek, this isn’t a football thread….

[greenmark]

Well, someone needs to find £37 billion, fast, as it’s going up by the second due to interest.

That’s just to fill the black hole without further spending or borrowing.

The IFS has said that’s it’s true the NHS is getting record funding. But it’s obviously still not enough or being spent incorrectly. That can’t continue as the NHS is becoming one big black hole too.

I really don’t understand why everyone is against the type of system they have in New Zealand, Australia and Canada. Which is not the same as USA. When working you pay into a Medicare system which is 5% of your annual income. The premium is set and can’t be changed by care providers. More you earn, more you pay. This takes the financial burden away from government and allows them to look after those not working and/or benefits plus direct monies elsewhere.

The argument, it should be free at the point of delivery is bogus and always has been because in one way or another you pay for it via Tax or NI contributions, they just don’t give you a statement where your money goes.

But to cut a long story short, we need a magic money tree that we can shake for the next 5 years. I suspect Labour will sell more gold reserves, around £80 billion. But like Gordon Brown it won’t be put back leaving the BOE in a somewhat precarious position if there is another world event or someone wants to short the £ as was done before.

Who the hell would want to run a government ?

Don't panic about debt. The UK is an entrepreneurial engine that you can't stop without draconian communism consuming the means of production.
Neither Tory or Labour are suggesting that.
Our response to Brexit has been a drag. I know a business that was successful enough pre-brexit to give up and did in the face of continuing bureacracy and supply line issues due to brexit.
This is the gist of the problem. Business needs smooth seamless processes. We've gone backwards in that respect. People are giving up, but everyone that trades with the EU have suffered costs that are pointless.
If Starmer can negotiate with the EU to remove that bureaucracy and get the same products and services that exist now and existed before brexit flowing without friction then I'm with him completely.

The EU will want something back in return 3 fold. It’s upto Sir Kier if his willing to accept those conditions.

Brexit was totally Cameron’s fault for allowing the vote in the first place.

What he should have done was to argue that the UK needs to be at the top table alongside France and Germany instead of allowing the public to cast a vote.

Once brexit happened, it was obvious the EU was going to shaft the UK, you were never going to get agreement from all 28 on what we wanted as we had left the club.

For any agreement going forward the EU will want allot of concessions which will probably alienate a large number of the UK electorate. If Starmer gets it wrong then he might only have 5 years in power and then we back to xyz.

But on the flipside if someone can present a coherent strategy for seamless trade with our biggest market it could turn Brexit into a triumph.
Albeit a nett tortuous waste of time.

[The Silk Run]

Well, someone needs to find £37 billion, fast, as it’s going up by the second due to interest.

That’s just to fill the black hole without further spending or borrowing.

The IFS has said that’s it’s true the NHS is getting record funding. But it’s obviously still not enough or being spent incorrectly. That can’t continue as the NHS is becoming one big black hole too.

I really don’t understand why everyone is against the type of system they have in New Zealand, Australia and Canada. Which is not the same as USA. When working you pay into a Medicare system which is 5% of your annual income. The premium is set and can’t be changed by care providers. More you earn, more you pay. This takes the financial burden away from government and allows them to look after those not working and/or benefits plus direct monies elsewhere.

The argument, it should be free at the point of delivery is bogus and always has been because in one way or another you pay for it via Tax or NI contributions, they just don’t give you a statement where your money goes.

But to cut a long story short, we need a magic money tree that we can shake for the next 5 years. I suspect Labour will sell more gold reserves, around £80 billion. But like Gordon Brown it won’t be put back leaving the BOE in a somewhat precarious position if there is another world event or someone wants to short the £ as was done before.

Who the hell would want to run a government ?

Don't panic about debt. The UK is an entrepreneurial engine that you can't stop without draconian communism consuming the means of production.
Neither Tory or Labour are suggesting that.
Our response to Brexit has been a drag. I know a business that was successful enough pre-brexit to give up and did in the face of continuing bureacracy and supply line issues due to brexit.
This is the gist of the problem. Business needs smooth seamless processes. We've gone backwards in that respect. People are giving up, but everyone that trades with the EU have suffered costs that are pointless.
If Starmer can negotiate with the EU to remove that bureaucracy and get the same products and services that exist now and existed before brexit flowing without friction then I'm with him completely.

I think the only entrepreneurial engines here are the offshore countries that prop-up UK debt, including PRC, and always will do