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Rude Dude With Tude
Apr 19, 2007

Your President approves this text.
Big news in from Press Association this morning

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Guavanaut
Nov 27, 2009

Looking At Them Tittys
1969 - 1998



Toilet Rascal
This is important were he to become prime minister though. There's only ever been one British PM with a beard, and he served from the House of Lords.

MacMillan was the last to have any sort of facial hair at all, but his was a weedy Assad type thing, really MacDonald was the most recent with any to speak of.

Tesseraction
Apr 5, 2009

A STRONGER ECONOMY
http://www.theguardian.com/business/2015/sep/10/government-must-face-up-to-200m-shortfall-of-financial-assets

quote:

UK auditors sound public-sector debt warning

Watchdog raises fears of £200m shortfall, saying ministers have failed to control government financial assets properly

by Rajeev Syal

Thursday 10 September 2015 00.01 BST
Last modified on Thursday 10 September 2015 00.03 BST


Ministers have failed to impose proper controls on the government’s £222bn collection of financial-sector assets, which will add to public-sector debt, official auditors have found.

Despite £62.6bn worth of sell-offs, including shares in Lloyds Banking Group and Royal Bank of Scotland, the National Audit Office (NAO) has expressed concern over an expected shortfall of financial assets worth £200m.

Student loan debt is expected to hit £1tn by 2047, which has become a major factor in the government’s failure to control the sector’s finances, the report indicated.

It means that while the total received from selling assets plus loan repayments will be £94.6bn over the next five years, this will be exceeded by the £94.8bn cost of issuing new loans and other initiatives, leaving a shortfall of £200m.

The findings are contained in a report issued on Thursday by the NAO into 54 financial institutions controlled by the government. These include four large banks and the help-to-buy scheme designed to support mortgage lending, as well as the British Business Bank and Green Investment Bank.

Sir Amyas Morse, the head of the NAO, questioned the continued existence of some of these schemes. “Financial institutions are becoming significant elements in the government balance sheet, creating a range of opportunities and risks, but no one part of government is taking an overview,” he said.

“The government should adopt a portfolio management approach alongside the traditional departmental oversight model to provide heightened assurance over the portfolio. Some of these institutions appear to have survived the market conditions they were created to alleviate after the financial crisis, and the rationale for their existence in the public sector is questionable.”

The number of government-controlled financial institutions had doubled since 2007, when the financial crisis saw taxpayers step in to shore up parts of the economy, including banking and housing. Government intervention in the financial sector totalling £107.6bn includes bailing out RBS, Lloyds, Bradford & Bingley and Northern Rock.

The report referred to a government-commissioned study showing that a sale of state shares in banks at July 2015 values would produce a surplus of £14.9bn. But this does not take into account the cost of financing these investments – totalling about £10.9bn for RBS and Lloyds, the report added.


The government’s exposure to debt was more than £2tn between November 2009 and February 2014, the report found. “If the government decides to reduce its financial services portfolio, an orderly exit from the sector will take many years,” it said.

Meg Hillier MP, the chair of the Commons public accounts committee, said the government was failing to inspire confidence. “The government expects to make £63bn from selling its shares and loan books and £32bn from being repaid loans. Despite the unprecedented scale of these plans, they will not be enough to cover the funding needed for new interventions such as issuing student loans or funding schemes such as help to buy,” she said.

“The government’s poor track record in achieving value for money from selling shares and getting back the money will give the public little confidence that the debt increase will be limited to £200m.”

TinTower
Apr 21, 2010

You don't have to 8e a good person to 8e a hero.

Pesmerga posted:

And all the usual voices are making their last desperate hit-pieces. I've just seen this in politics.co.uk, and found it interesting when checking out the 'senior frontbencher'.


http://www.politics.co.uk/news/2015/09/10/labour-warned-of-electoral-wipeout-under-jeremy-corbyn

On Michael Dugher, according to Wikipedia: -


Voting record: -

Michael Dugher never rebelled against their party in this parliament

Dugher also thinks that there's a war on motorists and that improving the railways is an anorak obsession.

Quote-Unquote
Oct 22, 2002



Jakabite posted:

No, that was me and it was just off here as far as I can remember.

Oh okay, sorry, I could've sworn I read that here at some point. Must be thinking of some other goon police visit.

JoylessJester
Sep 13, 2012

I appear to be one of the few to get actually get a Labour ballot and not be thrown out before casting my vote. All this election has taught me is that New Labour's talent pool and campaigning skills are at an all time low.

ThomasPaine
Feb 4, 2009

We have no compassion and we ask no compassion from you. When our turn comes, we shall not make excuses for the terror.

JoylessJester posted:

I appear to be one of the few to get actually get a Labour ballot and not be thrown out before casting my vote. All this election has taught me is that New Labour's talent pool and campaigning skills are at an all time low.

I am a member of the greens, make no effort to hide it, and regularly criticise Labour on social media. I voted and avoided the purge (unless they do so in the next couple of days), so I have no idea how people far less deserving of being barred have been.

Mr N
Oct 20, 2010
I found out quite early in the leadership contest that one of my dad's friends was friends with Corbyn, back in the day. Think he helped with running since of his campaigns or something. I just heard a story from him of how he once had to cram Jeremy Corbyn and Ken Livingstone, along with his rather large dog into the back of his mini metro to drive them off to a meeting with Gerry Adams.

Think he's voting Yvette :(

Trickjaw
Jun 23, 2005
Nadie puede dar lo que no tiene



Hahaha, Daily Politics 'Chuka Umunha was seen as front runner when he threw his hat in the ring, but then he promptly retrieved his ring' and Kendall accused the Labour party of papering over the craps.. er craps, er cracks' I think this woman is pissed. And Toby 'Wanker' Young is on.

E: Young suggesting if Jezza wins there will be purges. Arsehole.

Microplastics
Jul 6, 2007

:discourse:
It's what's for dinner.
So voting is closed, it's Corbyn or nothing now.

If he wins are we all changing our avatars to Corbyn to celebrate the ushering in of glorious socialis(t opposition to a Tory government that might not even last that long before he gets deposed and replaced with a blandbot)m?

Darth Walrus
Feb 13, 2012
When are the results out?

communism bitch
Apr 24, 2009
11am Saturday.

School Nickname
Apr 23, 2010

*fffffff-fffaaaaaaarrrtt*
:ussr:
They're gonna rig the gently caress out of it such that he has the largest share but not an overall majority, which they will hound him on.

But I believe in my Corbae.

Communist Bear
Oct 7, 2008

It's gonna be amusing to watch Labour's base collapse around them when they don't vote Corbyn and for them to stand around going "Wait, where you all going?"

Tesseraction
Apr 5, 2009

"BUT WE'RE ELECTABLE NOW" they say to the five people still left in the room.

Kaislioc
Feb 14, 2008

Oberleutnant posted:

11am Saturday.

This Saturday? gently caress, I have the 18th in my head for some reason.

Mr N
Oct 20, 2010
I've been trying so hard not to get my hopes up but I can't help it. I can't take this level of disappointment again, so soon after the GE.

What's everyone's plan of action if Corbyn doesn't make it? I suppose some of the older supporters here have been through this cycle of hope/disappointment plenty of times before...

Renaissance Robot
Oct 10, 2010

Bite my furry metal ass
Same as if he does make it: drink heavily.

I'll probably just start now to save time.

Guavanaut
Nov 27, 2009

Looking At Them Tittys
1969 - 1998



Toilet Rascal

Mr N posted:

What's everyone's plan of action if Corbyn doesn't make it?
I'd join a fringe agitating communist party, but I've been told never to talk to cops.

I think electoral reform for the country in general would be a thing to focus on next, along with non-party social goals. Or whiskey. (e: ^^^ :hf:)

Trickjaw
Jun 23, 2005
Nadie puede dar lo que no tiene



Can we add Toby Young to History's greatest monsters, please?

Coohoolin
Aug 5, 2012

Oor Coohoolie.
If he doesn't win you should all move up to Scotland and join RISE or something.

Extreme0
Feb 28, 2013

I dance to the sweet tune of your failure so I'm never gonna stop fucking with you.

Continue to get confused and frustrated with me as I dance to your anger.

As I expect nothing more from ya you stupid runt!


Guavanaut posted:

I think electoral reform for the country in general would be a thing to focus on next, along with non-party social goals. Or whiskey. (e: ^^^ :hf:)

A possible way of electoral reform is to have all the minor parties from both wings to have an allience together to stand a better chance in the FPTP system.

Which will be a pain in the rear end at the start because that would mean having to get everyone on the politcal spectrum to not rip into each other the moment the idea is brought up.

Guavanaut
Nov 27, 2009

Looking At Them Tittys
1969 - 1998



Toilet Rascal

Coohoolin posted:

If he doesn't win you should all move up to Scotland and join RISE or something.
Will it outlast Left Unity? Will their inevitable split be over something more amusing than workplace masturbation?

Extreme0 posted:

having to get everyone on the politcal spectrum to not rip into each other the moment the idea is brought up.
The only thing I can think of that will do that is the Tories being worse, and even then I'm not sure they'd manage it.

cargohills
Apr 18, 2014

Coohoolin posted:

If he doesn't win you should all move up to Scotland and join RISE or something.

Or, even better, join the Scottish Greens!

Coohoolin
Aug 5, 2012

Oor Coohoolie.

Guavanaut posted:

Will it outlast Left Unity? Will their inevitable split be over something more amusing than workplace masturbation?

Cat Boyd's involved, and I therefore believe it will last forever.

Barry Foster
Dec 24, 2007

What is going wrong with that one (face is longer than it should be)

Mr N posted:

I've been trying so hard not to get my hopes up but I can't help it. I can't take this level of disappointment again, so soon after the GE.

What's everyone's plan of action if Corbyn doesn't make it? I suppose some of the older supporters here have been through this cycle of hope/disappointment plenty of times before...

Drink heavily, swear never to hope for anything in British politics again, sober up eventually, gradually hope for something in British politics, realise hope is a mistake, rinse, repeat, die

marktheando
Nov 4, 2006

Don't you people remember the country decisively rejecting electoral reform less than five years ago? There won't be another chance to ditch fptp for a good long time.

communism bitch
Apr 24, 2009
I'd worry less about Corbyn getting in and more about how he will inevitably let us all down. They always let you down in the end.

Angepain
Jul 13, 2012

what keeps happening to my clothes

Oberleutnant posted:

I'd worry less about Corbyn getting in and more about how he will inevitably let us all down. They always let you down in the end.

He's going to shave his beard three months before the election.

Microplastics
Jul 6, 2007

:discourse:
It's what's for dinner.

Oberleutnant posted:

I'd worry less about Corbyn getting in and more about how he will inevitably let us all down. They always let you down in the end.

He'll let us down by not getting in

Seriously though, I'd be interested to see if and how his mannerisms change to the pressure of political consultants aiming to improve his electability. Imagine Corbyn slowly transforming into Blair, not in policy but just in every other way.

Microplastics fucked around with this message at 13:41 on Sep 10, 2015

communism bitch
Apr 24, 2009

KKKlean Energy posted:

Imagine Corbyn slowly transforming into Blair
No.

Igiari
Sep 14, 2007
What's the best online bookies? I'm thinking of putting a flutter on Cooper and Burnham, so if one of them wins I'll still be up on the day

Tesseraction
Apr 5, 2009

He'll let us down by suddenly going on holiday somewhere unknown and coming back a few days later looking uncannily like Simon Danczuk in a lovely beard while advocating centre-right bollocks.

TinTower
Apr 21, 2010

You don't have to 8e a good person to 8e a hero.
Guess who:

Tesseraction
Apr 5, 2009

probably hitler

Pesmerga
Aug 1, 2005

So nice to eat you

TinTower posted:

Guess who:



Bet it's Dan Hodges. 'He needs a drone strike, not a new Labour leader'.

MrL_JaKiri
Sep 23, 2003

A bracing glass of carrot juice!

KKKlean Energy posted:

Imagine Corbyn slowly transforming into Blair

TinTower
Apr 21, 2010

You don't have to 8e a good person to 8e a hero.

Pesmerga posted:

Bet it's Dan Hodges. 'He needs a drone strike, not a new Labour leader'.

Ding ding ding.

Regarding outrage at the government extrajudicially executing their own citizens.

Venmoch
Jan 7, 2007

Either you pay me or I flay you alive... With my mind!
Something that came up on my Facebook feed earlier to distract us while Labour figure out a way to stop Corbyn from becoming "Dear Leader"

I love the Victorian era. So I decided to live in it.

Apart from being overly smug about the whole thing they've also created an idellic version of Upper Class Victorian living where the horrible stuff that Dickens wrote about doesn't exist. Children aren't used as slaves,the thames isn't a literal river of poo poo and the water you drink won't kill you.

Were the Victorian times really that great? Seems like if you lived in them even with money it was generally awful....

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Mr N
Oct 20, 2010
So no one would consider voting Yvette/Andy in a GE? As much as I want a Corbyn victory I could see myself supporting either, obviously depending on what policy they come up with in the next 5 years. I just don't see what alternative there is, under the current voting system.

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