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Guided Missile

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Posts posted by Guided Missile

  1. 2 hours ago, Lord Duckhunter said:

    This.

     

     

    A rise in CGT from the current 20 per cent to 40 per cent or even 45 per cent now seems certain. The trouble is, people are already planning ahead. There are reports from accountants and financial advisers across the UK that small companies are being sold, share portfolios cashed in, and property holdings reshuffled to book the gains right away. 

    That makes perfect sense of course. If you sell now, you only have to pay 20 per cent of whatever profit you have made, whereas if you wait until the end of the year you will have to pay twice as much to the government. The result? The raid will generate almost no additional revenue, for the simple reason that everyone will have sold if they can, and if they can’t, they will just hold onto the asset until the rate comes down again, or they can move abroad for enough years to avoid it. If you are going to raise CGT you have to spring it as a complete surprise, and implement it on the same day that it is announced, so that no one can plan ahead. Instead, Labour has made a complete mess of it. 

    In reality, all it has done is expose how hopelessly ignorant this administration is of basic economics. Neither Starmer nor Reeves, even though she keeps boasting about how she ‘knows how to run the economy’, have worked out that taxes impact the way people behave, and that has to be taken into account when planning any major changes. That hardly bodes well for the next five years.

    I learnt about this in Ferris Beuller's Day Off:

    260px-Laffer_curve.svg.png

    A basic representation of a Laffer curve, plotting government revenue (R) against the tax rate (t) and showing the maximum revenue at t*

  2. Having done his best to sink the chances of a decent deal with the EU while in opposition along with Treason May, Two Tier is off to Germany to ask them to give British businesses advantageous treatment as part of talks on Wednesday about a new trade and defence treaty. Now, I am all for improved relationships with Germany, but I have a few questions about this:

    1. How the hell are Germany able to negotiate a trade deal with the UK, independent of the EU?
    2. What can we gain in the defence of Europe, from a country whose whole economy was based on Russian appeasement, to gain cheap energy?
    3. What can we learn from a country that has caused so much damage to its security with open borders, to gain cheap labour?

    All we needed was this cretins speech yesterday to discover what is in store. Like the unions, Sholz will play him for the fool he is. It's going to be a long 5 years, ladies, but I blame populism (aka democracy). 50 days in and buyers remorse is sinking in.

     

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  3. 39 minutes ago, a1ex2001 said:

    There is a perfectly tangible set of measurements if you want to do a Google and some basic maths.  Millions of brits visit the EU every year filling out an online form isn’t going to put them off in any significant number so this measure simply takes millions of pounds out of the UK economy it is yet another Brexit bonus that hurts our country.  
    It is really funny that not a single person can list three tangible benefits from Brexit, the last government had a minister appointed to look for them and even he couldn’t find them!

    Here's a list. I used ChatGPT, because I'm too thick and lazy to compose a post myself:
     

    1. Sovereignty and Legislative Independence

    • Regaining Control Over Laws: One of the most significant arguments for Brexit was the ability to regain full control over UK laws without being subject to EU regulations or the European Court of Justice. This allows the UK to tailor legislation to its specific needs and priorities.
    • Trade Policy Independence: The UK can now negotiate its own trade deals independently of the EU. This has already led to new trade agreements with countries like Japan, Australia, and New Zealand, which are tailored to the UK’s specific economic interests.

    2. Immigration Control

    • End of Free Movement: Brexit ended the free movement of people between the UK and the EU, allowing the UK to implement its own immigration policies. The UK introduced a points-based immigration system designed to attract skilled workers while reducing the influx of low-skilled labor.
    • Focus on Skilled Migration: The new system prioritizes migrants with specific skills, which proponents argue will help meet the UK’s labor market needs more effectively.

    3. Financial Savings

    • Reduced EU Contributions: The UK no longer has to contribute to the EU budget, which has been estimated to save billions of pounds each year. These funds can potentially be redirected towards domestic priorities such as healthcare, education, or infrastructure.
    • Agricultural and Regional Funding Control: Post-Brexit, the UK has gained full control over agricultural subsidies and regional development funds, allowing for more targeted support for British farmers and disadvantaged regions.

    4. Regulatory Flexibility

    • Deregulation Opportunities: Brexit provides the UK with the opportunity to deregulate in certain areas where EU regulations were seen as burdensome. This could lead to greater flexibility and innovation in sectors like financial services, biotechnology, and manufacturing.
    • Tailored Environmental and Labor Laws: The UK can now develop its own environmental, labor, and consumer protection laws, which can be adapted more closely to national circumstances and preferences.

    5. Global Trade Opportunities

    • Expanding Trade Horizons: Brexit has encouraged the UK to focus on global trade, beyond Europe, aligning with the idea of "Global Britain." The UK can pursue trade deals with emerging markets and establish economic partnerships with fast-growing regions in Asia, Africa, and the Americas.
    • Joining Trade Blocs: The UK has shown interest in joining trade blocs like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which could open up new markets and strengthen trade relationships outside of Europe.

    6. Economic and Business Flexibility

    • Tailored Economic Policy: The UK can now set its economic policies without needing to coordinate with 27 other EU member states. This allows for more agile responses to economic challenges, such as adjusting taxes, subsidies, and regulations to better suit domestic needs.
    • Support for Small Businesses: By leaving the EU, the UK can potentially reduce regulatory burdens on small and medium-sized enterprises (SMEs) that were previously bound by EU-wide regulations.

    7. Political and Cultural Identity

    • Reaffirmation of National Identity: For many, Brexit was seen as a way to reassert British national identity and ensure that decisions about the country’s future are made in the UK. This has strengthened the sense of self-determination and control over national destiny.
    • Cultural Policy Independence: The UK now has the freedom to craft its own cultural policies, including those related to education, media, and heritage, without needing to align with EU cultural directives.
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  4. The latest Employee of the Month at the Beeb:

    Quote

    Jermaine Jenas has been fired by the BBC and taken off air from both Match of the Day and The One Show following complaints about "inappropriate behaviour," 

     

  5. Meanwhile:

    Quote

    Germany’s economic woes have deepened after new figures showed a second straight month of contraction. S&P Global’s composite PMI showed a reading of 48.5 for Germany in August, down from 49.1 the previous month and below economists’ forecasts. The downturn was driven by an ongoing crisis in Germany’s dominant manufacturing sector, which has now been in contraction for more than two years. But these troubles have now started to spill over into the services sector, which had otherwise been steady. In a further blow, employment in Europe’s largest economy decreased at the fastest rate in four years as firms expressed less optimism towards growth prospects in the coming year. Dr Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, branded the numbers a “real mess”.

     

  6. 10 minutes ago, a1ex2001 said:

    I would say maybe you should have thought about it a bit more first and done some actual research this is all assuming you are not just in denial that A)you were sucked in by the bus or B) you liked nigels Nazi inspired poster (Not saying wither of those things are true but it is funny how many people try ridiculous leaps of logic to justify Brexit support when actually it was those two things that did it) 

    Actually, I think you have rumbled me. I am in fact of low intelligence and inspired by Nazi propaganda. Typical traits of Brexiteers (and most Ukrainians, according to Putin.)

  7. 19 hours ago, a1ex2001 said:

    He seems to think that his one set of figures in isolation is some sort of gotcha for all the arguments around the economic harm done to the country by Brexit, exhibiting exactly the lower levels of intelligence and reasoning that typify the Brexit supporter (Not saying GM is a thicko but typically Brexit supporters are as supported by the statistics)

    So, 52% of the people voting in the Brexit referendum have  "lower levels of intelligence and reasoning"? You really are a piece of work. Arrogant just doesn't quite cover it.

    Alright, here's one for you and all the other super intelligent remainers. Provide economic data to demonstrate the benefits of membership to the EU, to France & Germany since we left and saved £19 billion a year. I won't hold my breath.

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  8. UK GDP Growth in 2016:

    • United Kingdom: The UK's GDP grew by 1.8% in 2016. This growth was slightly slower than in 2015 but still relatively robust considering the uncertainty following the Brexit vote.

    Comparison with the Rest of the G7:

    • United States: The US GDP grew by 1.6% in 2016, which was slower than the UK's growth.
    • Canada: Canada experienced GDP growth of about 1.4%.
    • Germany: Germany's economy grew by 1.9%, slightly outperforming the UK.
    • France: France saw growth of 1.1%.
    • Italy: Italy’s GDP grew by around 0.9%.
    • Japan: Japan's GDP growth was about 1.0%.

    Summary:

    In 2016, the UK’s GDP growth of 1.8% was one of the stronger performances among the G7 nations, only slightly trailing Germany’s 1.9%. Despite the uncertainties surrounding the Brexit referendum, the UK economy demonstrated resilience during that year, maintaining a relatively solid growth rate compared to its peers

  9. On 19/08/2024 at 08:42, Guided Missile said:

    Oh and looking back to the days before the Brexit vote, let's look at the bollox the Treasury said would happen, if we voted the "wrong" way. It predicted an instant recession in the second half of 2016 but, in the event, the UK ended that year as the world’s best performing major economy. It prophesied that unemployment would rise by 9,000 a month, but unemployment instead fell by almost exactly that amount. It said there would need to be an emergency budget to plug a £19 billion gap but obviously, no such budget was needed. Rachel Thieves is spouting the same bollox to justify the totally expected tax rises. So fucking predictable...

     

     

  10. 1 hour ago, a1ex2001 said:

    The vast majority of economists including the governments own office for budget responsibility have shown lasting negative economic impacts of Brexit when what you were sold was growth and opportunity the leave campaign painted Brexit as the sunny uplands where we would all get a golden unicorn but instead you traded our economic prosperity for ‘sovereignty’ and ‘control’ it is laughable that this far down the line you still can’t see the damage done.

    I posted facts, you ignored them and posted waffle. You're not very good at this debating mullarky, are you?

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  11. 10 hours ago, a1ex2001 said:

    Those predictions, over dramatic and exaggerated as they were, were all pre-faced with an ‘if the government does nothing’ which is the exact opposite of what happened following the leave vote.  Brexit has been a disaster for the UK economy and will only get worse with time.

    I love that you follow the admission that the predictions prior to the Leave vote were "over dramatic and exaggerated", then you follow it up with your own "over dramatic and exaggerated"  prediction "Brexit has been a disaster for the UK economy and will only get worse with time"

    Stop clutching your pearls and read the actual economic data I posted above, based on current figures and predictions from the Treasury, OBR and IMF. Alternatively, get someone with a modicum of impartiality and intelligence to read the posts to you. A 12 year old should do.

    Remainers. There is no limit to their lack of respect for democracy and economic facts, even after 8 years of experience and yet still longing for Brussels cold embrace.

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  12. 3 minutes ago, hypochondriac said:

    Yes you're right and I wasn't defending GM (not least because he genuinely threatened to sue someone on here and I messaged them at the time to sympathise despite us vehemently disagreeing on here all the time.) 

    Regarding the name calling, that's definitely a charge you could make about the other side too. It's a lazy caricature on both sides to be honest.  

    You had to quote my troll, didn't you? As he is on ignore, I didn't read the bollox he spouted the first time, but in the spirit of accuracy, a concept which this sad sack is not familiar, just a couple of points:

    1. I consider people who deliberately and falsely put this countries achievements down, as traitors, not those that voted against Brexit. I am sure they, like I, respect democracy and have moved on (as if).
    2. I never stated those who voted Labour are Marxists. I said the Unions that support Labour are Marxist. No shit, Sherlock.

    I think what you should notice about this poster is he is the 1st to reply to my posts, within a minute of me posting (check it out). A sad troll and stalker, one that will remain on ignore because he has nothing to contribute to a debate apart from insults and dogma. 

    My problem is that my ID was outed many years ago by the BBC and it means that sad fucks on this site try to have a pop against me personally. Fucking right I'll threaten to sue if anyone posts lies about me. I found out the id of one of my trolls and when I phoned up and offered to meet up for a "chat", he whined like a baby and apologised. 

    Gutless keyboard warriors. Fuck 'em all.

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  13. Oh and looking back to the days before the Brexit vote, let's look at the bollox the Treasury said would happen, if we voted the "wrong" way. It predicted an instant recession in the second half of 2016 but, in the event, the UK ended that year as the world’s best performing major economy. It prophesied that unemployment would rise by 9,000 a month, but unemployment instead fell by almost exactly that amount. It said there would need to be an emergency budget to plug a £19 billion gap but obviously, no such budget was needed. Rachel Thieves is spouting the same bollox to justify the totally expected tax rises. So fucking predictable...

     

  14. On 20/06/2024 at 08:41, Guided Missile said:

    Faced with an EU loving Labour government on one hand and the rapid movement in the other direction of the national governments that run the EU shitshow, the results of the French election will provide me with some consolation, when the UK is faced with an economic and societal meltdown a Labour government will inflict.

    Pity we will be in a socialist hell hole for 4 years, but Marine Le Pen loading the rubber dinghies at Calais will be an amusing side show, while we turn into Venezuela.

    Let's face it, the EU is a sinking ship. Unfortunately we're in a lifeboat with David Lammy, Keir Starmer and Angela Rayner.

    I must admit, I thought it would take longer than 6 weeks for the above to come to pass. Without doubt, the worst Government that has been inflicted on the 70% that didn't vote for the clowns. Those that did must be very happy with the wage rises their Marxist unions achieved, that will be funded by those outside the public sector. 

    The only consolation is that Whitey and sog will lose their winter fuel allowance. To paraphrase Whitey, "You have no idea what damage you have done" 🤣

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  15. On 15/08/2024 at 16:16, OldNick said:

    Well the gov has given the junior doctors 22% wage increase ,,,,, seems its going to be a bountiful time for any workforce with a powerful union.

    Blood on their hands:

    Quote

    Neglect of a pensioner during a junior doctors’ strike contributed to her death, a coroner has found.

    Daphne Austin, 71, died from sepsis nearly four weeks after she was first admitted to Cumberland Infirmary, in Carlisle, following a stroke last year, an inquest heard. The pensioner became dehydrated, her glucose levels were “poorly controlled” and there was a delay in carrying out blood testing because of strikes during her stay, it was said. Robert Cohen, the coroner, said that on one particular day Mrs Austin received no “medical input” because junior doctors had walked out in a dispute over pay.

     

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  16. Quote

    Train drivers to strike every weekend for next three months despite bumper pay rise
    Members of Aslef union to start fresh campaign at LNER

    We never pay any-one Dane-geld, No matter how trifling the cost; For the end of that game is oppression and shame, And the nation that plays it is lost!

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