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While we are looking at the special monetary operation: https://www.theguardian.com/environment/2022/sep/29/brexit-freedoms-bill-pesticide-protections?CMP=Share_AndroidApp_Other
Removes EU bans on some pesticides...with no plan to replace these by a well researched UK framework.
For...sake.
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UK exports have declined compared to several years ago.
Machinery and chemicals exports are strong, small business exports to the EU are screwed.
Some business sectors will be helped by a lower £ but am pessimistic about good jobs / rent and mortgages / food prices. Because 40% is imported and there still is no good food strategy to address that.
I doubt the extra exports can offset all those downsides by generating some more jobs.
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That's definitely one of the problems many countries face, companies can withdraw, problems are global, the whims of global currency markets, money being siphoned off...
Even so local taxation and education policies can make a change, but I'm worried Labour is still thinking only of the basics and things have changed a lot the past 30-40 years.
It's hard to go it alone now, unless you are huge. But the UK leaving the EU, as much as I think that was a shit idea, does mean you can experiment more with monetary policies etc.
Just wish it wasn't done this way.... ;)))
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2008 mortgage crash in the USA was part caused by a rapid rise in interest rates.
That trickled down...to all of us in a bad way.
OK so a part the "middle class" which you have a chip on your shoulder for (judging by your posts) about loses their houses. No problem, those get bought cheap by groups with cash and then rented back out for...super high rents. Cos what are you going to do, be homeless? Oh, yeah, that will happen too.
So now barely any ordinary income band (25-75% income percentile) middle class person owns a house but all sort of funds/land lord groups do. And social houses won't be built either, the £ crashed now, tax incomes tanked.
Meanwhile there are still no social houses, and there's even less £ going around to spend.
Me as a middle class mortgage owner? Make me pay more tax (some my cash is going to stop one person going homeless atm...) and stop encouraging private property funds/improving house values pls stupid government...the economy doesn't gain much from rising property prices anyway.
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Inequality is rising, people are struggling it doesn't feel to me this is the right thing to do. The economy has not been well even before Covid. Even the markets are reacting badly to it.
The Covid issue was indeed part monetary policy but in the USA those median income and over were OK and got richer (not just the super rich, which fared EVEN better) and those below, well, things got even worse.
Perhaps it's not "extreme" neoliberalism but it is, to me, a continuing trend of screwing things up for far too many people. And in mainland Europe this is leading to openly* racist/xenophobic/fascist parties getting votes.
Perhaps in the early 00's all this was fine, but now we are facing a period of long recession (not just in the UK) with interest rates that have nothing to do with too much spending power for most people/too much business expansion and investment. So to me it is utter nuts to do this thinking "it will work out this time". These rising interest rates combined with inflation on food and heating are just going to hit people, and you cannot exactly stop eating or eating.
Unless they really WANT to make a mess. But perhaps they are just not really thinking about it and wanting to keep their donors happy.
*(the Tories, cha, looking at the Home Office, policing bill, panicking about a few thousand refugees (mostly) arriving on boats, nearly reverting some human rights laws, Brexit and all that they have some work to do)
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No they won't have, but to me this is a pattern of extreme neoliberalism, which is what the ERG and other have promoted in the Tory party. It really is no longer a small state free market not overly progressive but sorta sensible right of center party.
Tanking the pound, more business going bust so you can buy up the property...ways to make £ out of this. If you have money sitting, crises can be very good. Even during Covid the rich got richer.
Buying out the fossil fuel companies via letting us sponsor the fuel bills, instead of windfall tax them hard and only giving extra ££ to lower income bands. Now we have this leading to even more state debt (or higher taxes which they said they didn't want to go for), markets are panicking...nuts.
I guess it means Labour will get in to clean up the mess...again.
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I love it how people that never had to work in such conditions preach to others that this is exactly the solution.
Also lol how are you going to enforce that in the "high skilled" jobs the Cons let immigrants in to do... write 200 lines of code an hour? Oh but the code is bad... em, no wait... ok 200 lines and all automation must pass! Wait, now the integrations fails so somebody else... eh.
Or in his line of work, banking, how do you even monitor productivity?
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^
Looks we may have gotten lucky and the less dangerous / more infectious virus evolution path has taken place.
But, not trusting yet it is "just like a cold" as "long colds" are very rare, and even with Omicron you can still get long Covid.
Everyone in the house got a "back to school" plague (not covid, I tested) now let's see when we get hit again by Omicron build x....
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https://m.belfasttelegraph.co.uk/news/politics/i-am-really-sorry-relations-with-ireland-are-not-where-they-should-be-ni-minister-apologises-to-ireland-and-eu-over-brexit-42034100.html
Steve Baker apologies, bit late but sure they are very, very slow learners. We will see the benefit of their learning in 2050 ;)