UK Politics Thread (Part 1)

Read a statement not long back about BoJo…

" Boris Johnson likes being called the Prime Minister of Great Britain… He also likes the thought of being called Boris Johnson the ex Prime Minister of Great Britain… Unfortunately, it is the bit in the middle he doesn’t want to do…!"

It about sums him up eh…!

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Do you include all Governments in that statement or just this latest Tory Government(because they are being so blatant)?

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UK politics is a shit show and has been since the Con/Lib coalition following the 08 crash…mind you, it could simply be the legacy of Alistair Campbell. Last decent PM I can remember is Major, but then that was seemingly artifical, as Thatcher sold of 90% of the entire country leaving him flush. I suppose thats what they want now, for people to turn away.

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I think it’s a new thing, at least in its blatantness.

You can say what you want about Thatcher, and I certainly have, but see was motivated by her vision for the country.

The Blairs, on the other hand, have done very well on the consultancy gravy train, post public office.

I don’t think devotion to public office is a uniquely Labour thing, and I don’t think having an eye on creating a few favours to cash in after government is a uniquely Tory thing. But there is something about this generation of Tories, post 2010, that is especially egregious and blatant, and increasingly so, in how they funnel public money and favours to their friends in the private sector.

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How do you rate the Gordon Brown regime???

He’s the prime minister who I’ve felt was the most sincere of the last 20 years. But he sold off a significant amount of the country’s gold reserves and contributed towards the financial crash. Very much a mixed bag.

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It was Marina Hyde, and she wrote that Boris desperately wanted to be PM, and desperately wants to have been PM, but couldn’t be bothered with the bit in the middle :rofl:

Her latest one about Boris being his own rebellious bank bencher is also great.

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A complete joke - im still adamant it was his economic advice, and tinkering with the inter-banking lending rate, that completely fckd the financial system up, and by that I mean, through the entire West. He bascially created a glut of credit at cheap rates which saw investment banks undercutting each other until credit was as cheap as chips. Then bamski, the whole pack of cards came tumbling down, but it was Northern Rock, Lehman Bros and Fannie Mae that was responsible. Utter lies, it was Blair and Brown shifting the LIBOR rate.

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Really? Blair and Brown were responsible for the collapse of Sub-Prime mortgages in the US?

My understanding of the crash was always that continued deregulation of the financial sector led to financial organisations taking on liabilities (through deregulated derivatives like Credit Default Swaps) beyond their capacity to meet in the event they were claimed against.

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Given a bit of a poison chalice as well don’t you think?

I felt he was in trouble the moment he took the job. The knives were already out and he put himself in the way.

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No, credit was cheap because there was a glut of savings in China that banks across the world could borrow.

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I cant agree mate. The interbanking lending rate was adjusted, so credit to capital ratio was widened.

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Just read that ‘bank bencher’ article by Marina Hyde. Thanks for referencing this…
She has an easy going style that certainly lands the punches were she intends them to land…
Thanks again…

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She’s regularly very good. The Jonathan Liew of political commentary.

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Indirectly yes, very much indeed. Think domino rally. Sub prime mortgages are simply not possible without a glut of available credit.

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Given the WW2 conversation and UK politics :rofl:

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What an odd thing to do, never mind, announce in the midst of a pandemic. The object here is burying. My guess is they know something we dont.

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My guess is contingency planning for civil unrest post Brexit.

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Could be, its not the stated reasons anyway - about military involvement in servicing the pandemic, or the next stated reason, that the forces have been crying out for funding for a while, even if they have, the timing of this is weird. Might be the big one too, Chy-na, Rosskya and Iran.

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We’re going to shoot the virus in the face.

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