Credible Witnesses, Navel Battles, & Hypocritical Whingers.
Credible Witnesses.
The ever gullible Surrey Police seem to have reversed their much publicised ‘arrest first, investigate later’ policy; this time they investigated – then arrested their ‘credible witness’.
It was an unfortunate fact that the next letter in their alphabetical list of operation happened to be a ‘B’. Even more unfortunate that the first word beginning with ‘B’ that came to mind was ‘Bigfoot’ – the name given to a mythological humanoid that is said to terrify travellers and inhabit forests in the American Northwest.
So it was that the doughty officers from Surrey’s finest set off on ‘Operation Bigfoot’, intent on finding an individual who could be of indeterminate gender, despite their earlier tweets.
We’re searching #Redhill after reports of man taking child around 16:45. Driving black & chrome VW Transporter van. More soon Pls RT [20:30]
— Surrey Police (@SurreyPolice) August 25, 2016
Hours later:
Det Supt Edwards said there was no details about the person, including their gender.
…who had abducted a child not as yet reported missing, in a van so distinctive that Police took a mere 24 hours to track it down and ascertain that it had nothing to do with the event…
Seen a black modified VW Transporter w/ chrome sidesteps, 3 BBS alloys (front nearside missing) 02 reg sliding side door? Call 999. #Redhill
— Surrey Police (@SurreyPolice) August 25, 2016
They released a picture of the van said to be crossing a junction in the area.
Hours later:
It was confirmed on Friday morning that the van pictured was not involved in the reported abduction.
Four days later, after logging endless overtime:
reviewing hours of CCTV from across the area, carrying out house to house enquiries, talking to commuters at the railway station, checking potential vehicles matching the description and missing children databases, receiving more than 100 calls from members of the public in less than 24 hours
their ‘credible witness’ didn’t seem so credible, even by the Surrey Police standard of ‘credible witnesses’. They have just arrested him on suspicion of perverting the course of justice. They haven’t charged him as yet, and if he was a woman claiming to have witnessed a rape, they wouldn’t have gone that far.
Not worried about putting people off reporting child abductions then, lads?
If they do charge him, Ms Raccoon will be delving into his past history to see if it exhibited anything, Danny Day style, that might have given an observant policemen cause to doubt that he was ‘credible’ enough to spend 4 days and endless hours of overtime treating him as ‘credible’…
ps. Have we heard any more word of the terrorists that ‘attacked an airman’ without ever being captured on CCTV or seen by any other witnesses? No? Just asking.
___________________
Navel Battles.
Better get on with this one before the pedants arrive to tell me that I can’t spell ‘Naval’.
To the excellent ‘Bikini : La légende’ published a matter of four weeks ago since this year is the 70th anniversary of the Bikini. Imagine that – and we have the Bikini v. Burkini debate on every front page. Incredible piece of luck that, what ho? All stemming from two incidents, one in Corsica, one in Cannes. And photographers were on hand to witness both incidents of police telling women to cover up. Truly the world is a miraculous place.
Anyway, scepticism aside, 70 years ago, 5th July 1946 if you want to be precise, Louis Réard, a mechanical engineer who spent a lot of time in his mother’s lingerie drawer for reasons best left unsaid, revealed to the world that he had nicked an idea from from a couple of months previous of designing a perilously small bathing suit. The previous designer, Jacques Heim, had called his invention the ‘Atome’ (smallest particle and all that, nuclear testing at Bikini Atoll…) Réard in a blinding flash of nuclear inspiration, called his rip off the ‘Bikini’.
It wasn’t the size of these garments that so shocked the continent – it was the fact that they revealed that eternal memorandum that we don’t appear like magic from under a gooseberry bush – but are connected to our Mothers via our navel. (I swear my mother probably bit through the umbilical cord herself in her haste to make this connection a past memory!!!)
So before you could say ‘Cor, you don’t get many of those to the pound’, the police were busy taking down the details of any young lady who dared to expose her navel.
Perhaps if the Muslim ladies could bring themselves to expose their navel, which seems to be acceptable if not obligatory these days, there wouldn’t be such a huff and puff about the rest of their costume?
IF Ms Raccoon, being thoroughly disreputable and dishonourable, had had the bright idea of writing a book celebrating 70 years of the Bikini, she would have hired actors dressed as policemen to cause mayhem on the beaches by arresting women dressed in Burkinis……but nothing like the real thing, eh?
Freddie Starr never got anywhere near MY hamster.
_____________________
Hypocritical Whingers.
If we are going to fill the airwaves with women presenters in £700 t-shirts telling us that it is a tragedy that BHS has gone bust, could they please tell us why it is a ‘tragedy’?
Given that not one of them dresses as though they ever went anywhere near the place, nor would speak to anyone who ever went anywhere near the place, I can’t understand what is so ‘tragic’ in their eyes? Obviously 11,000 people losing their jobs is tragic – that is a different matter – but BHS going bust is no more tragic than the candle snuffing industry going out of business, nor washboard makers being laid off across the country.
As for Sky TVs vendetta against Sir Phillip Green – where is that coming from? Yes, he took £400 million, actually £423 million, in dividends between 2002 and 2004. Shocking! A businessman with a business in profit, which it was then, takes his profit out of the business. This has never happened before or since…
Since neither civil servants nor tax specialists could agree on the effects of Brown’s 1997 time bomb in the pensions market, is it really realistic to lambast a business man for taking money out of a profitable business that years later fell into pension deficit?
Given that Green didn’t ‘actually’ sell BHS for a quid, but rather that one pound was the only money that physically changed hands – Green wrote off a £210m loan that the business owed him, and several valuable leases – what is the real reason for his continual portrayal as ‘the unacceptable face of capitalism’? Wasn’t Brown’s pension raid the ‘unacceptable face of Labour’?
Discuss.
- Eddy
August 29, 2016 at 3:14 pm -
That oh so sexy bikini seems quite staid by current standards. Those burkini wearing ladies should have worn costumes from Victorian or Edwardian times, that would have been far more amusing.
- Hadleigh Fan
August 29, 2016 at 4:13 pm -
All those High Street names from the past: F. W. Woolworth, C & A (so you can tell which way round to wear ’em, boom-boom), ETAM, and now BHS. Add that to the supermarket chains, now gone. Safeway, Somerfield, Gateway, David Greig – to name but a few. Add in some gents’ outfitters, certain banks and Building Societies, and the High St is a different place to what it was. The questions are: Is it better or worse, and do we really care?
- Roderick
August 30, 2016 at 11:32 am -
Didn’t I read somewhere that Marks & Spencer was originally called Mark’s Penny Bazaar? It seems that changing a name is nothing new.
As for the death of once-flourishing businesses and their replacement by new ones rising Phoenix-like from the ashes, that is how capitalism works when not interefered with by busybody politicians and their interest groups.
- binao
August 30, 2016 at 1:56 pm -
‘when not interfered with by busybody politicians and their interest groups’
I was thinking earlier of the Morris Marina I owned in the ’70s- cheap to run, but crude & unreliable. When it became a toss up between death by rust at about 6/7 years old (the car), or the smoke embarrassment from using a gallon of cheap oil a week for a daily commute from Newbury to Acton, I tried the state run railway, which took roughly twice as long.
Hard to say which was worse.
I wonder why?
- binao
- Roderick
- Don Cox
August 29, 2016 at 4:27 pm -
Woolworth’s has been replaced by Poundland, which is doing the same job only better.
I think the supermarkets mostly changed brand names but didn’t close. My local one has been through three name changes, but the staff are still the same people.
- Peter Raite
August 30, 2016 at 3:13 pm -
Nah, it’s Wilkinson’s that plays Woolworth’s game better than Woolworth’s did.
- Mudplugger
August 30, 2016 at 9:00 pm -
Try B&M – it’s like Woolworth’s only bigger, in the right place and with a car-park. Chav-heaven.
- Mudplugger
- Peter Raite
- stephen lewis
August 29, 2016 at 6:02 pm -
Ref Philip Green
Whilst being ironic Murdoch’s business challenging Green. It seems to me that BHS, whilst being a company that may have been struggling, raiding the pension scheme whilst drawing significant dividends is surely worthy of discussion. He “sold” it for a quid to an acquaintance of his in order that they should take the rap (designed and built in) having already raped the company to the point of destruction. This was the guy that I suspect mobilised the media to trash Marks and Sparks until the share price was so low that he thought he could buy it cheap. He failed in that venture. Obviously business men are well known for having no morals and little empathy for the plight of staff (in BHS case, it would seem the taxpayer will pick up the tab – NICE.
However should we allow these business men/women to act with no punishment from the world at large?- tdf
August 29, 2016 at 7:20 pm -
@stephen lewis
” Obviously business men are well known for having no morals and little empathy for the plight of staff (in BHS case, it would seem the taxpayer will pick up the tab – NICE.”
Earlier this afternoon, I saw a Morgan. Not very common in Dublin. Top down. Sunny day. Probably a rich car collector that decided to take one of his weekend motors out for a spin.
When I was at college, I did a project on Morgan Cars.
I sent a copy to the then head of MMC, and he sent me a nice letter back, with a bunch of enclosures.
I don’t particularly like their cars (prefer Marcos) , but I do like that, as a gesture.
You don’t get it from Ford, or Nissan, or even Ferrari/Fiat.
- stephen lewis
August 29, 2016 at 7:34 pm -
Yes .. Morgan are really old school in more ways than one, you wouldn’t find them stealing from their staff pension funds… they’ll never be as rich as Phillip Green either .. but if there is a God, the Morgans will be welcomed in with open arms. My particular specialism of old saab parts brings me into contact with many old school people (I like to think of myself as one of them), we’re not stupid, we understand the world around us – but we don’t feel the incessant urge to screw everyone who comes our way… we’re simply nice people – or we want to be and do our best to be so.
- stephen lewis
- Mzungu
August 30, 2016 at 6:06 am -
Do you have a credible source for “raiding the pension scheme”? That’s a potentially litigious accusation….
- tdf
- JuliaM
August 29, 2016 at 6:13 pm -
I’m inclined to cut the police a fair bit of slack here (I know, I must be getting soft in my old age…).
They HAVE to treat it as credible unless there’s good evidence to the contrary. It seems suspicion only set in once the van and the bike had been TIE’d (traced, investigated and eliminated).
- Don Cox
August 29, 2016 at 6:55 pm -
Yes. They would be in big trouble if it was real and they had reacted slowly (or not at all).
It’s difficult to think of a good defence against trouble-making liars and fantasists.
- dearieme
August 29, 2016 at 7:04 pm -
Cut their gollies off.
- dearieme
August 29, 2016 at 7:05 pm -
Ooh, the censor here is prim. Cut off their goollies.
- Don Cox
August 29, 2016 at 8:28 pm -
Not all of them are male.
- dearieme
- tdf
August 29, 2016 at 7:30 pm -
@Don Cox
“It’s difficult to think of a good defence against trouble-making liars and fantasists.”
With all due respect, it really isn’t.
- Don Cox
August 29, 2016 at 8:30 pm -
So what is your solution ? Does it work for lying trolls on the Internet ?
- Eddy
August 29, 2016 at 9:13 pm -
Didn’t you read Anna’s article on the David Bryant case? Some of them are very plausible indeed.
- Don Cox
- dearieme
- tdf
August 29, 2016 at 7:28 pm -
@JuliaM
“I’m inclined to cut the police a fair bit of slack here (I know, I must be getting soft in my old age…)”
They’ve done a 180 U-Turn in a few days?
FFS. Personally, I expect much better.
- JuliaM
August 30, 2016 at 7:14 am -
What do you expect, tdf? Psychic powers?
- Jonathan King
August 30, 2016 at 10:18 am -
Ah isn’t this the whole point? Common sense has left the police building; been trained out of them. Rapidly examine the evidence; question in detail; find the witness who said the bike had been kicking around for ages and the owner of the black van within minutes; then decide whether it is worth spending millions. Not doing it the Dixon of Dock Green way means, slowly but surely, the vast majority of police efforts is spent on the wrong things. And lives are wrecked as a side effect.
- Jonathan King
- JuliaM
- Don Cox
- tdf
August 29, 2016 at 7:32 pm -
“The ever gullible Surrey Police”
Yes, but MPS as bad though.
- Penseivat
August 29, 2016 at 8:29 pm -
Having spent more than 2 decades in a county Police force, I fail to see how Surrey Police can be criticised, or be the subject of a joke, because they did what the first of the Peelian principles say they should do. “The protection of life” is paramount and takes precedence over every other rule in the book. That mistakes have been made in the past (the initial investigations into Milly Fowler’s abduction and murder, and the Lynne Owens regime’s arrest policies, to name but two) is not disputed but any and every report of a child being abducted MUST be taken seriously. The vehicle described was found and discounted from the investigation. Was there another vehicle of that age with a similar appearance? Were false plates fitted onto the offending vehicle to throw off suspicion (criminal are aware of the use of CCTV)? Was the child the son of illegal immigrants, the reporting of his disappearance bringing down the wrath of Border Force on their heads? All of these, and more possibilities MUST be investigated and, if necessary, discounted. I know serious villains who abhor certain crimes such as rape, paedophilia, assault on the elderly or infirm or vulnerable, and who would and have, used their own resources to provide information on such offences, so the history of the informant/witness would be noted but not discounted. Try living a life where you are damned (and made the subject of jokes) if you do and damned if you don’t. Hindsight is still the only exact science in Police investigations and until we have a Minority Report system of crime prevention, this will happen again and again. The Police can’t afford to do anything else.
- A Potted Plant
August 30, 2016 at 1:45 am -
@Penseivat – agreed!
On the other hand, there is Chris Fay. I don’t understand why that man hasn’t been prosecuted on multiple charges of “perverting the course of justice” or at the least “wasting police time” (I think that’s the UK term?). It’s had to conceive of another person against whom there could be so much compelling evidence that such charges are warranted.
- A Potted Plant
August 30, 2016 at 1:46 am -
“…HARD to conceive…”
Sorry.
- A Potted Plant
- A Potted Plant
- Sean Coleman
August 29, 2016 at 8:34 pm -
Risteárd de Paora in ‘Úlla i mBarr an Ghéagáin’, written in the early sixties as I recall, about his experiences with the people of the Aran Islands, wrote about how professional people from places like Dublin had started arriving. Some of the female gentlefolk went sunbathing in their bikinis and the local women, all shawls and petticoats, felt sorry for them. They thought they were too poor to afford clothes.
- The Blocked Dwarf
August 30, 2016 at 12:55 am -
In ’88 I went on a trip with a lot of middle class German ‘young adults’ to The Peoples Socialist Paradise of Hungary. German kids in all their ‘finest’ fashionable clothes, me in my ‘torn to the point of being a breach of the public decency laws’ jeans, battered trilby and baggy ‘holy’ black jumper -the whole ‘alternative’ or ‘dosser’ look of the late 80s vegan “Mine’s a bottle of Merrydown’ alcoholic squatter mileu.
The Hungarians all took pity on me (when they weren’t trying to buy the trainers off the feet of my fellow travellers) the idea that someone from The West couldn’t afford a whole pair of trousers being alien to them to the point they assumed I must be from the Even More Impoverished Workers & Farmers Socialist Paradise Of The German Democratic Republik.
- The Blocked Dwarf
- Pericles Xanthippou
August 30, 2016 at 11:03 am -
As Anna points out, Sir Philip took those dividends at a time of the company’s being profitable; it is absurd to describe his doing so as ‘raiding the pension fund’.
In assessing the decline of the value of pension funds we may not overlook the effect of patently failed ‘neo-liberal’ monetary policy on the World’s economy.
Its advocates have blamed that effect on everything imaginable in turn — the vote by a clear majority of Britons to leave the E.U. being only the latest — but the reality is that, as long as banking remains unprofitable, firms that ought to go out of business will be sustained (by low interest rates) whilst truly enterprising ones are barely able to raise funds they need for expansion. Moreover the low rates have encouraged the uncontrolled growth of both sovereign and private debt.
Meanwhile, every decline in interest rates, although giving rise to an increase in the value of the bonds (gilts/Treasuries) that pension funds are obliged to hold in large quantities, generates a corresponding decline in pension-fund income. This, as much as anything, is what has made holes in those funds. The whole edifice, I submit, is about to crumble.
ΠΞ
- Fat Steve
August 30, 2016 at 12:24 pm -
@ Pericles The whole edifice, I submit, is about to crumble.
Although I suspect it would be for the best if it did (think Iceland…the Country not the Shop) I rather suspect that every effort will be made to manage things to keep the status quo as best as it can whatever the cost because if credit was properly priced to genuinely reflect risk (the function of banks) the banking system would go into a a tailspin.It is as I see it ever more of he same …..money supply increased one way or another and a consequent ever increasing bubble in capital assets caused by money that needs to be pumped into the economy to sustain Demand for non capital assets. The day of reckoning has already arrived and the tab for it is being discreetly shifted to future generations. I believe the model is flawed though what might come to replace it is, for the moment, unknown.
On a more frivolous topic I am at a loss to understand how a woman wearing a burkini can pose such a serious threat to a supposedly mature democracy like France making legislation necessary. A Burkini a threat to public morals (that being the basis of such legislation I presume)? Really I mean really ?- Pericles Xanthippou
August 30, 2016 at 3:45 pm -
“… I rather suspect that every effort will be made to manage things to keep the status quo …”
That’s exactly what’s happening, Steve: every time the policy is shewn to fail — just as every time the E.U. is — the answer is ‘more of the same’.
Current thinking is that what will eventually replace the current model is the abolition of cash, accompanied by the introduction of ‘stamped’ money: bank deposits whose value expires at a timed fixed or determinable by the authorities.
ΠΞ
- Pericles Xanthippou
- English Pensioner
August 30, 2016 at 1:20 pm -
When I read about the “dividends of £400 million”, I’m not sure whether this is reasonable for a company of the size of BHS or not. Normally because with shops like M&S or Tesco, you don’t read about the total dividend bill, but the dividend per share. But if one owned all the shares in one of these companies, one would get quite a large sum, whether it would be, say, £100 million each year, I haven’t a clue. But it does show that things look totally different according to how one presents the facts. No doubt someone with more knowledge than I will be able to put a figure on the total M&S dividend bill!
- Rossa
August 30, 2016 at 3:46 pm -
A company pension fund is usually ring fenced and run by the actuaries rather than BHS itself. It was to stop another Maxwell situation where he did help himself to money he wasn’t entitled to have. I doubt Philip Green personally dipped his hand in the fund. It is much more likely that BHS took a ‘payment holiday’. When a fund is in surplus there are rules allowing a company to miss payments into the fund. In those years when he took his dividends because of profits, those profits may well have been higher because BHS didn’t make the usual employer’s contribution.
However, they are expected to make up the difference if the fund subsequently goes into a loss situation. Lots of rules have changed the ways funds are managed and accounted for over the years, let alone Brown’s ‘raid’ on pension funds, which was just another tax change rather than actually helping himself (Treasury) to money. A lot of companies’ schemes went into a perceived deficit when rules changed which meant a company had to show future pension liabilities in their annual accounts. That is an accounting change rather than an actual loss of money.
Saying that, IMO all pension funds are one big scam. A recent report showed the unfunded pension liabilities of the top 20 countries to be $78 trillion. As the official debt for those same countries is supposedly €44 trillion, there’s a rather large accounting error. The fact that some of these pension funds actually invest in bonds with negative yields just because the rating agencies say they are an AAA investment beggars belief. In time it may well make beggars of us all.
- Roderick
August 30, 2016 at 7:15 pm -
For all the misinformed talk about “raiding the pension fund” or “borrowing to pay the shareholders a dividend” it is an easily verifiable fact that the majority of the FTSE Top 350 companies not only have borrowings but also pay a dividend. Shock, horror.
It is also verifiable, though somewhat harder to do as it tends to be buried in the notes to the accounts, that many of these companies’ pension funds are in a state of actuarial (i.e. based on current actuarial assumptions about people’s longevity, future inflation rates, speed of promotion through the ranks, etc) deficit. The normal solution to this is for the company to increase its monthly contributions to the fund, and/or to make a special one-off top-up payment to reduce the deficit. Again, all very mundane stuff.
What is having a really bad effect on the few remaining final salary pension funds is the currently ultra-low interest rates. The amount of cash needed to produce the income needed for payments to present and future pensioners just keeps rising and rising. It’s exactly the same reason why returns on annuities have plummeted in recent years, and pension funds are no more protected from it than the man in the street.
As a pensioner myself I am loath to say it, but what we need is a strong dose of old-fashioned inflation to restore the balance.
- Mudplugger
August 30, 2016 at 9:15 pm -
You’re right that a healthy dose of inflation would help to stabilise things. Most company pension schemes were established with an expectation, realistic for most of their time, that there would be a reasonable level of inflation in the mix and that this consistent factor would allow the promised benefits to be funded.
I was fortunate to work in large companies with generous final-salary schemes, from which I now benefit far more than I ever contributed personally – it is regrettable that current and future workers at those same companies will not be able to enjoy those same benefits due to a simple accident of timing, I struck lucky, they didn’t. Such schemes will never return, as the experience of managing them in the current climate model has finally proved that they are ultimately unsustainable. In the decades to come there will be large numbers of very disappointed retirees whose standard of post-work living will be nothing like those who went before, and nothing like they are anticipating, which is when the real trouble will start.- binao
August 31, 2016 at 7:58 am -
Entirely agree with you and Roderick about company pension schemes as they were, i.e. final salary. And the numbers are staggering.
Local Govt pensions too, which is a collection of funded schemes, and adds massive costs to the public sector even after changing to a non-final salary system from April 1st (!) a year or two back. Hard to see how some of the present private sector schemes will provide much comfort in retirement.
When running a business unit within a large company some years ago I well recall the pensions holiday of the late ’80s which helped the bottom line and gave us then contributing members extra 1/60ths too. Employer and contributor shared the ‘bonus’, but the employer today picks up the shortfall. High inflation could hit the pensioner hard later due to limits in annual increases. In more modern times an offer from the trustees to forgo future increases in exchange for a sizeable increase now seems to have been quietly forgotten as the low interest/inflation regime deepens.
Still, it’s worked well for those of us having the opportunity to join and the will to pay. - Fat Steve
August 31, 2016 at 10:19 am -
@Mudplugger &Roderick You’re right that a healthy dose of inflation would help to stabilise things.
Well Yes and No in my opinion. I am no expert but one thing is for certain is that inflation tends to penalise those on fixed incomes and those that save but have to put their savings into cash because they need to supplement the income that their capital generates from the capital itself. We talk of inflation as a general concept in relation to the ‘cost of living’ but inflation is usually a little more selective if one thinks a bit about it. The cost of consumer goods (Food,Clothing, Electrical Goods, Holidays etc) has probably never been cheaper in real terms because of the emphasis on supply side economics increasingly practiced since the 1980s ….. but the cost of acquiring capital assets that yield an income are increasingly expensive in real terms (Real Property in the UK, Government Bonds some of which such as German Goverment Bonds may have a negative yield or as you both put it the purchase of an annuity which now relies on drawing down of capital and very little on yield).
Inflation in consumer goods does no good to anyone (generally its said to be caused caused by inadequate supply to demand or too much money chasing too few goods sometimes due to inefficiency in production) and its is inflation of capital assets (a Bubble) that is at the heart of the present economic inbalance which unless there is a change of direction shows no sign of changing. and seems to lead to a never ending increase in the cost of capital assets and the ever increasing concentration of wealth in the hands of those who have adequate income one way or another from those assets not to have to dip into Capital.
I am ever loath to suggest a remedy (and frankly it not my part to suggest it) but a fairer system of taxation might rebalance things a bit whereby there might be something of a redistribution of wealth which would not necessarily be unfair (always a difficult concept that means different things to different people) though that seems unlikely in that that would lead to a reduction in the value of some capital assets and probably confound the financial system as presently constructed (the bubble would deflate leaving credit uncovered by asset values). The gripe about Multinationals (and even ordinary mortals) avoiding a ‘fair share’ of tax is not without foundation for the system does allow accumulation of wealth in limited hands which must eventually work through to restrict demand unless more money is conjured up as I suspect it eventually will be so It probably will be inflation in the longer run that will be used to ‘rebalances’ things though less to rebalance but more to get rid of the credit problem ( created to fuel demand to match increased supply) that was stored up in recent decades which overhangs the more inefficient Western Economies that produce less than they consume. Greece (and the rest of the PIGS) are possibly a good example but their way out of their problems is of course restricted by the Euro and Germanic Monetary Policy (as an aside how can it be that the cost of housing in Germany, a more productive economy where workers work less hours than in the UK and residential investment property held for more than five years is Capital Gains Tax Free is a fraction of that of the UK? Might it just be that investment is directed …actually enticed to productive industry by yield rather than notional and illusory increase in wealth by the inflation in property prices) …..the UK God Bless Us believes ourselves ‘clever’ to have avoided the Euro and perhaps we were in some senses but i am not sure it wasn’t because we were unable to compete with more efficient economies like Germany without tinkering with Sterling and pursuing our own (better?) Monetary Policy. Still no problem since Brexit eh? Apple and all the other big boys will come to the UK to avoid EU taxation, the Economy will boom and summers will be just like when we were young ….yeah right Germany so wants to sell its cars to us they are going permit the UK to set up an offshore tax haven on their doorstep …..its gotta be correct if Boris Johnson and Michael Gove say so and here we are two months after Brexit and the UK hasn’t immediately sunk. I suspect it will stay afloat because it will be pumped full of air in terms of a deluing pound and yet more cheap money and yes that means inflation but not wealth
Put another way we all know we have a problem created in the past by a crude monetary policy without a fiscal policy to keep things in balance
(the UK Residential Property Bubble might have been largely avoided by the simple expedient of not allowing credit costs to be offset against rental income) but how it is solved is quite another matter but a decent start might be a sound currency but that is the long haul never much favoured by our Political Masters. Money as a unit of account of real wealth rather than simply a means of exchange.- The Blocked Dwarf
August 31, 2016 at 12:32 pm -
its gotta be correct if Boris Johnson and Michael Gove say so and here we are two months after Brexit and the UK hasn’t immediately sunk
A nightly watching of the German news leads me to believe that Britain’s fate, as much as it displeaseth those with belly buttons the wrong way round (which is what I assume is meant by ‘Outers’) , now largely hangs from the will of the Ober Bavarian politician , Herr Horst Lorenz Seehofer …except i doubt the Brexiteers have never actually heard of him nor why his opinion matters.
- Fat Steve
August 31, 2016 at 3:27 pm -
No doubt Herr Seehofer and his constituents will take their time to play *what I judge to be their (rather stronger economic) hand as circumstances best suit them .
Will their be consensus Europe and the UK as to what Brexit will mean before we actually invoke the exit clause? Well I don’t know but if I was playing the European hand I might feel confident that I rather than the UK will be able to nominate trumps …..and, with care, finesse the high (financial services) cards held by the UK to take some of those tricks. In the digital age professional labour is more geographically mobile than ever before …..and never less patriotic.
At times we seem to forget that Sterling is not the World’s reserve currency- Pericles Xanthippou
August 31, 2016 at 6:16 pm -
“… playing the European hand I might feel confident that I rather than the UK will be able to nominate trumps … and, with care, finesse the high (financial services) cards held by the UK to take some of those tricks.
Might be best for England too, Steve. There are times when it’s better to play a strong hand in defence for points above the line — possibly doubled and even vulnerable — than to wrestle one’s opponents for the contract … a fortiori when one’s partner (e.g. Scotland) has a weak hand.
ΠΞ
- Fat Steve
September 1, 2016 at 11:08 am -
I am no bridge player Pericles. but the UK have made the call and up to them to make the contract (is that the correct analogy ?). I like the analogy of Scotland being the partner who is not just fidgeting in discomfort but attempting to get up from the table and thinking of seeking another partner for future play. Perhaps its less Bridge and more Brag ?
- Fat Steve
September 1, 2016 at 11:32 am -
Or are we just Punters who have been forced to bet on the three card trick and the (democratically) chosen card will be turned over in due course ?
- Pericles Xanthippou
September 3, 2016 at 3:21 pm -
“I am no bridge player Pericles. but the UK have made the call and up to them to make the contract (is that the correct analogy ?). …”
Jaein (as they say in Germany). The Eurocrats — or most — certainly seem to see it as their job to set (sc. defeat) the contract. The plebiscite campaign seems to have been a form of hammer-&-tongs convention, each side determined to outbid the other in everything from misleading gen to outright lies! Eventually one partnership winds up in a contract it realizes is a stretch.
“I like the analogy of Scotland … thinking of seeking another partner … less Bridge and more Brag?”
Sounds close, Steve.
“Or are we just Punters who have been forced to bet on the three card trick and the (democratically) chosen card will be turned over in due course?”
Hands of bridge are traditionally followed by an autopsy. I get the impression the losing partnership is still conducting the auction!
ΠΞ
- Pericles Xanthippou
- Fat Steve
- Fat Steve
- Pericles Xanthippou
- Fat Steve
- The Blocked Dwarf
- binao
- Mudplugger
- Bandini
August 30, 2016 at 9:05 pm -
“As part of our relaunch of Byline (culminating in a major new development next year) we are continuing our series of Byline Insider Club events after the holidays to ensure there’s ‘nothing between you and the news’… … On the 6 October Byline Insider will be running special panel looking at the reporting of child sexual abuse from Cleveland to Savile with Meirion Jones, David Hencke, Mark Williams Thomas and Tim Tate.”
You need a password to access the ‘Insider Club’ – but signing up is free for anyone fancying a night amongst the stars of credibility & truth.
- Alexander Baron
August 31, 2016 at 7:33 pm -
I know from personal experience what arseholes Surrey Police are but I don’t think they should be taken to task for this. If someone dials 999 and reports anything from a fire to a murder, the emergency services are bound by law to turn up. This is not some imbecile claiming a celebrity put his hand up her skirt thirty years ago and she has never got over it but a potential abduction and murder.
I’m sure everyone here recognises the concept of failsafe error.
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