Reply to: Squeaky bum time for public sector contractors?

[malvolio]

You and Malvolio forget that there were only two parties competing for power in those elections. The tories consistently called for more deregulation and freedom for the banks. If they had been in power, it would have been oh so much worse. The notion that Gordon Brown made mistakes is true, but compared to the alternative who could have been in power it is obvious that he was the best option. Parliamentary debates of the era confirm that the tories kept calling for amendments to further bank deregulation.

They were in opposition. Their job as now was to challenge the government's plans, secure in the knowledge they didn't actually have to enact anything. They were not responsible.

Does that remind you of anything over the last 15years?

[agentzero]

I'm not a Tory supporter, but Gordon Brown hugely relaxed oversight on the financial sector during his tenure (as did most US administrations from the late 70s onwards), so financial institutions were able to invest hugely in very questionable assets such as subprime mortgages. He even admitted as much in 2011. So while he may have been instrumental in coming up with a plan to fix the problem, the scale and impact of the problem in the UK was hugely exacerbated by his previous actions (or inactions) as Chancellor.

You and Malvolio forget that there were only two parties competing for power in those elections. The tories consistently called for more deregulation and freedom for the banks. If they had been in power, it would have been oh so much worse. The notion that Gordon Brown made mistakes is true, but compared to the alternative who could have been in power it is obvious that he was the best option. Parliamentary debates of the era confirm that the tories kept calling for amendments to further bank deregulation.

[malvolio]

I'm not a Tory supporter, but Gordon Brown hugely relaxed oversight on the financial sector during his tenure (as did most US administrations from the late 70s onwards), so financial institutions were able to invest hugely in very questionable assets such as subprime mortgages. He even admitted as much in 2011. So while he may have been instrumental in coming up with a plan to fix the problem, the scale and impact of the problem in the UK was hugely exacerbated by his previous actions (or inactions) as Chancellor.

Exactly my point.

But since we suffer from a cadre of Labour supporters who refuse to contemplate anything that can't be ascribed to the Tories, there's little point arguing with them.

Meanwhile I stand by my opinion on this Labour administration (difficult word "opinion", some people need to look it up).

[Snooky]

I think ensignia is on to something, in the sense of you being deranged.

It is acknowledged by developed countries that Gordon Brown and his economic advisors devised the QE plan that saved western countries from the brink of true disaster. It's why your pension didn't take a haircut; why your bank account remained at the same figure you expected it to; why western democracy didn't collapse. Yes, certain banks were clearly at fault, but to not even mention that Gordon Brown was chief architect of the only viable proposal to save western developed economies during the financial crisis and to spew rubbish about the current administration after only a month is suggestive of someone unintelligent who relies upon the joke Daily Telegraph for their 'information'.

Bet you voted Tory again too. Christ.

I'm not a Tory supporter, but Gordon Brown hugely relaxed oversight on the financial sector during his tenure (as did most US administrations from the late 70s onwards), so financial institutions were able to invest hugely in very questionable assets such as subprime mortgages. He even admitted as much in 2011. So while he may have been instrumental in coming up with a plan to fix the problem, the scale and impact of the problem in the UK was hugely exacerbated by his previous actions (or inactions) as Chancellor.

[Gibbon]

I think ensignia is on to something, in the sense of you being deranged.

It is acknowledged by developed countries that Gordon Brown and his economic advisors devised the QE plan that saved western countries from the brink of true disaster. It's why your pension didn't take a haircut; why your bank account remained at the same figure you expected it to; why western democracy didn't collapse. Yes, certain banks were clearly at fault, but to not even mention that Gordon Brown was chief architect of the only viable proposal to save western developed economies during the financial crisis and to spew rubbish about the current administration after only a month is suggestive of someone unintelligent who relies upon the joke Daily Telegraph for their 'information'.

Bet you voted Tory again too. Christ.

And you're not mentioning his previous actions which made it far worse than it should have been, not to mention destroying defined benefit pensions for all but the public sector. The man was a dithering idiot who was better at putting his foot in his mouth (Gillian Duffy) than dealing with Foot and Mouth.

‘History suggests “boom and bust” won’t go away’ | History and Policy

[agentzero]

Ms Reeves is eminently qualified for the role (then again, so was Gordon Brown...) but her agenda is the problem. It seems we need to suffer a range of tax increases to pay for public sector pay rises that weren't in the manifesto (nor in the Tories' plans and hence not in the Treasury/OBR reporting on which she based her planning), hence the instant black hole.

In effect she's giving away £1bn per day in office so far. Still, I suppose that a lot easier than trying to negotiate something more reasonable with her paymasters. Or perhaps even explaining Labour's fully costed plans

We're already being lied to in a far more serious way than Boris and pals managed. It doesn't look good for the future.

I think ensignia is on to something, in the sense of you being deranged.

It is acknowledged by developed countries that Gordon Brown and his economic advisors devised the QE plan that saved western countries from the brink of true disaster. It's why your pension didn't take a haircut; why your bank account remained at the same figure you expected it to; why western democracy didn't collapse. Yes, certain banks were clearly at fault, but to not even mention that Gordon Brown was chief architect of the only viable proposal to save western developed economies during the financial crisis and to spew rubbish about the current administration after only a month is suggestive of someone unintelligent who relies upon the joke Daily Telegraph for their 'information'.

Bet you voted Tory again too. Christ.

[malvolio]

You are deranged.

No I'm not. You may be or at best, you may become sadly disappointed. Their published agenda is like their manifesto, mostly populist fantasies. Reality is starting to intrude...

[NigelJK]

So far (I'm about a week behind actual announcements), none of the spending announced was in the Manifesto.

Also RR is on record (pre-election) as saying she would not touch pension triple lock or winter fuel allowence.

[ensignia]

We're already being lied to in a far more serious way than Boris and pals managed. It doesn't look good for the future.

You are deranged.

[vetran]

Kerrching, can I feel my pension swelling?

[Zigenare]

Let's watch and see how the markets react. So far she's had a negative effect on the contract market in the public sector.

With the results of the Strategic Defence Review still to be heard...
Or how to piss off the Italians, Japanese and possibly other European partners with but the stroke of one pen...(Or in Rachel Reeves' case a fat red crayon!)

[squarepeg]

So, she’s doing a far better job that Truss/Kwartang.

Let's watch and see how the markets react. So far she's had a negative effect on the contract market in the public sector.

[malvolio]

So, she’s doing a far better job that Truss/Kwartang.

That was an aberration and bugger all to do with Labour's apparent policy. Or perhaps we should include Heath's mismanagement and deceptions to justify Starmer's lying?

[WTFH]

Ms Reeves is eminently qualified for the role (then again, so was Gordon Brown...) but her agenda is the problem. It seems we need to suffer a range of tax increases to pay for public sector pay rises that weren't in the manifesto (nor in the Tories' plans and hence not in the Treasury/OBR reporting on which she based her planning), hence the instant black hole.

In effect she's giving away £1bn per day in office so far. Still, I suppose that a lot easier than trying to negotiate something more reasonable with her paymasters. Or perhaps even explaining Labour's fully costed plans

We're already being lied to in a far more serious way than Boris and pals managed. It doesn't look good for the future.

So, she’s doing a far better job that Truss/Kwartang.

[squarepeg]

Listening to the Chancellor. She's asking all non-essential consultancy spending to cease across the public sector. She needs to find £3bn.

Gulp.

How do we feel about this? Any predictions? Yes, I'm scared.

Yes. The agent who works in the public sector and was working on a role he was going to put me through for told me today that all consultancies that do not have long-running "essential" projects have been kicked out end of July. There's a review of the need for the remaining contractors. Projects are halted and contractors are being told that they may "expect an email soon". This will become an expensive restart exercise next year as they realise that they shelved projects that were actually going to save more money that they cost to deliver, but managers above a certain level take pride in being "non-technical" so how would they know?