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26th June 2019, 06:27 AM | #2921 |
Penultimate Amazing
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Look what happened after the 2008 recessions. One of my elderly relatives who retired 2001, an ordinary worker, gets more in his annuity than another of my relatives who retired recently from a final salary higher management civil job: this downward fall in value directly due to the 208 recession. So all those already retired or about to, in your community, will likely be OK, whereas the next generation are really going to be cursing as the NHS begins to be privately-insued, state pension becomes means-tested, which means their dream of retiring before the statutory age 74 will have to be put on hold as they will now be expected to live 100% on their private pension, or be means tested until it reaches the bare minimum threshold.
House prices will plunge but people will become scared of taking out long term mortgages as their property will be seized by the local authority as soon as they need to go into a care home, leaving nothing for their children when they pop their clogs. |
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26th June 2019, 06:31 AM | #2922 |
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who claims the soulless Who speaks for the forgotten dead ~ Danzig |
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26th June 2019, 06:32 AM | #2923 |
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who claims the soulless Who speaks for the forgotten dead ~ Danzig |
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26th June 2019, 07:06 AM | #2924 |
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26th June 2019, 07:07 AM | #2925 |
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26th June 2019, 07:09 AM | #2926 |
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26th June 2019, 07:15 AM | #2927 |
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tbh there are big differences in the reserves each country enjoys relative to population size and the way that historic revenues have been managed.
Norway appears to have invested theirs in infrastructure and sovereign wealth funds, the UK seems to have frittered ours away on living beyond our means and/or making sure that rich people and corporations are taxed as little as possible. Norway seems to have more than twice the proven oil reserves of the UK - maybe three times and around 10 times the gas reserves but only 8% of the population - it makes for quite a different equation. Now if Scotland were to become independent and get almost all the UK's reserves then that would be a different story, for Scotland looking forwards (though past revenues will be forever lost). |
26th June 2019, 08:35 AM | #2928 |
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26th June 2019, 09:21 AM | #2929 |
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26th June 2019, 09:23 AM | #2930 |
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26th June 2019, 09:52 AM | #2931 |
Safely Ignored
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"Up to 50 years" means my kids' entire working lives. (Except of course they'll have to work into their eighties now.) As our nation declines into international irrelevance I'm not going to forgive the liars who peddled a tale of rainbow-farting unicorns nor the gullible morons who voted for it.
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26th June 2019, 05:02 PM | #2932 |
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26th June 2019, 11:00 PM | #2933 |
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No. The only reason Norway enjoys such wealth is because it's populated by Norwegians. The North Sea oil helped a lot in bringing the said wealth about, but you have countries with more and more easily accessible oil wealth who do not get to enjoy it quite so readily (Kuwait, Bahrain, Saudi Arabia, Angola, Venezuela, Brunei, ...). You also have countries without significant natural wealth who also are quite wealthy (Iceland, Finland, Sweden, Denmark), many of whom share a history with Norway.
Wait, those four all do. What a coincidence McHrozni |
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26th June 2019, 11:17 PM | #2934 |
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Hm, this is interesting:
https://www.theguardian.com/politics...to-one-against “It is absolutely vital that we prepare for a no-deal Brexit if we are going to get a deal,” he said. “But I don’t think that is where we are going to end up – I think it is a million-to-one against – but it is vital that we prepare.” He said there was a new feeling of “common sense breaking out” among MPs in favour of passing a deal, despite many of his Eurosceptic backers believing he is readying himself for a no deal Brexit. -- BJ Baboon It seems like BJ will try to pass the WA one more time. Maybe the 'plan' is to ask the EU for a few more concessions, fail, claim victory and pass the agreement, then blame the EU for demanding UK holds up the treaty it just ratified. He can't be stupid enough to believe EU will really cave in to him this time around, can he? McHrozni |
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26th June 2019, 11:32 PM | #2935 |
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I think that Boris Johnson has learned from President Trump that it's perfectly acceptable to tailor the message to the audience even if it completely contradicts something you said 5 minutes ago or intend to say in 5 minutes time.
IMO Boris Johnson has no plan beyond becoming Prime Minister. |
27th June 2019, 12:37 AM | #2936 |
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27th June 2019, 01:11 AM | #2937 |
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Not disagreeing with that but worth pointing out that HMRC tax on oil income is significantly higher than standard corporation tax.
Also Scottish nationalists are typically opposed to this, not so much because they believe in low tax on big business of course, but because "Westminster" is doing the taxing. |
27th June 2019, 01:18 AM | #2938 |
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27th June 2019, 02:16 AM | #2939 |
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Given that both of the Prime Ministerial candidates are quite prepared for the UK to leave the UK with no-deal, perhaps this may be timely:
Quote:
Then again, it's likely "Project Fear" spreading misinformation from foreign agents provocateur which originated from so-called "experts" so it can be happily ignored - sunny uplands and all that Cold water is also poured on the prospect of a quick trade agreement with Japan:
Quote:
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27th June 2019, 02:28 AM | #2940 |
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27th June 2019, 02:34 AM | #2941 |
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"Faith without doubt leads to moral arrogance, the eternal pratfall of the religiously convinced" - Joe Klein, Time magazine "The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. They laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown." - Carl Sagan |
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27th June 2019, 02:41 AM | #2942 |
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"Faith without doubt leads to moral arrogance, the eternal pratfall of the religiously convinced" - Joe Klein, Time magazine "The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. They laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown." - Carl Sagan |
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27th June 2019, 03:05 AM | #2943 |
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27th June 2019, 03:18 AM | #2944 |
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I see where you're coming from, but Westminster might find it impossible due to established international law. I don't know if there's a definite recognised way of dividing up the waters, but it seems unlikely Britain/England could just take it all for itself when so much of it is clearly Scottish.
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"Faith without doubt leads to moral arrogance, the eternal pratfall of the religiously convinced" - Joe Klein, Time magazine "The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. They laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown." - Carl Sagan |
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27th June 2019, 03:19 AM | #2945 |
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You think Boris and those that support him and fill Parliament are going to care?
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27th June 2019, 03:38 AM | #2946 |
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Probably not, but maybe we'll have enough on our hands without turning ourselves into a pariah by ignoring international law too. Either way, we'd be heading for an extreme mess. But then, I guess we are already.
Incidentally, I just heard Radio 5 Live interviewing a Jeremy Cu... sorry, Hunt supporter. Whether a no-deal Brexit would get through parliament was debated at length. Neither the presenter nor the interviewee seemed aware that a no-deal Brexit is now the default position, and it doesn't need to get through parliament. |
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"Faith without doubt leads to moral arrogance, the eternal pratfall of the religiously convinced" - Joe Klein, Time magazine "The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. They laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown." - Carl Sagan |
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27th June 2019, 04:05 AM | #2947 |
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Don't worry, there is. The new sea border is the equidistant line from nearest piece of land at low tide. Ditto for exclusive economic zone.
Exceptions are allowed in some circumstances, such as Scotland having their own independent sea police force that would oversee a smaller (or greater) portion of the sea, but that's pretty much it. If there is no independent Scotish sea police force this doesn't apply and Scotland gets their portion of the sea. Short of ordering an invasion of Scotland there is little Westminster could do to obtain that oil for England. McHrozni |
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27th June 2019, 04:50 AM | #2948 |
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Why invade? Scotland won't have a navy to enforce anything, or for that matter an army to fight an invasion.
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27th June 2019, 04:53 AM | #2949 |
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The Lisbon treaty is more than just article 50. There's a conveniently named article 42 too.
In either event I really, really (really, really, really) don't see a scenario in which such a turn of events wouldn't cost Little England a thousand times more than it could hope to gain. McHrozni |
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27th June 2019, 05:00 AM | #2950 |
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27th June 2019, 05:21 AM | #2951 |
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27th June 2019, 05:21 AM | #2952 |
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And of course any failures will be blamed on the EU, if they can make this stick it could be a good way of consolidating power and moving into more emergency based administrations you see in dictatorships. A perpetual emergency is really useful for consolidating power after all.
I think that is exceedingly unlikely but we have president Trump so I have given up on making predictions. |
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27th June 2019, 05:43 AM | #2953 |
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27th June 2019, 06:21 AM | #2954 |
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True, but then it depends on who will be fighting Scotland's corner. As a standalone small country then there is a significant risk that England* will try to make Scotland pay and the process of redress via international law will be a slow one**.
As the newest member of the EU, that could be an entirely different prospect and England could find itself on the back foot. * - deliberate choice due to the fact that it will be English politicians driving the process from the rUK's side ** - then again, the UK doesn't have many friends, so a ruling from an international court could be quick and not what the UK wants at all |
27th June 2019, 08:23 AM | #2955 |
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27th June 2019, 10:37 AM | #2956 |
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More no deal warnings - it's not certain they May's deal would have been sufficient either.
Quote:
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27th June 2019, 11:14 AM | #2957 |
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Sufficiently advanced Woo is indistinguishable from Parody "There shall be no *poofing* in science" Paul C. Anagnostopoulos Force ***** on reasons back" Ben Franklin |
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27th June 2019, 12:32 PM | #2958 |
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Who is General Failure? And why is he reading my hard drive? ...love and buttercakes... |
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27th June 2019, 12:46 PM | #2959 |
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So I've started a blog about my writing. Check it out at: http://fourth-planet-problem.blogspot.com/ And my first book is on Amazon: https://www.amazon.com/dp/B077W322FX |
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27th June 2019, 01:03 PM | #2960 |
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