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Nick H

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  1. I thought 13th June was meant to be the only summer date which had failed to record at least one 30°C?
  2. Fred Goodwin is actually quite a noted supporter of Labour. He was good friends with Gordon Brown until RBS collapsed and it was of course Labour who gave him a knighthood for "services to banking". You'd be surprised how many of these exceptionally rich City high-flyers are Labour men, although it's unsurprising really given Labour's pact with the City over the last 12 years. Lord Mervyn Davies is another one. Lord Myners another one.
  3. Hurrah, someone speaking sense.
  4. The Tories left Brown a golden legacy in 1997. The last Budget that Ken Clarke delivered before the election could have been - and was expected to be - a giveaway Budget for political reasons. But it wasn't: taxes were not cut and public spending remained tight. Clarke was at least showing fiscal discipline. It is inconceivable that any Labour government would ever leave the Tories such reasonable public finances as Labour inherited in 1997. It certainly ain't gonna happen next year. This is not to say the Tories don't preside over economic catastrophes, the ERM debacle was a cock-up of the fi
  5. There have been four Labour governments prior to this one. Show me one which didn't end in economic catastrophe. The unions had allowed millions of unprofitable jobs to exist. They ensured that Britain had simply priced herself out of work by the end of the 1970s. Unemployment at the beginning of the 1980s simply meant that there had been 3 million people on the payroll without a job. Britain produced absolutely dreadful, overpriced goods (Rovers, anybody?), as industrial policy was simply based on pouring huge quantities of money into these state monoliths just to prop up jobs. At least That
  6. Two more... The tax take has risen from 38% to 41% of GDP. Government spending has more than doubled from £300bn to over £600bn (yeah, great value for money that).
  7. Nope - destroyed by the unions' restrictive practices which priced Britain out of work. Labour has always destroyed the economy and left the Tories to pick up the pieces and administer the painful medicine. Looks like history's going to repeat itself.
  8. I can't say I remember this particularly but here in the Chilterns we had: 24th 10°C 25th 21°C 26th 8°C
  9. Any damage the Tories may have done (i) is pretty small beer considering the economy was transformed from the sick man of Europe in 1979 to the 4th largest in the world in 1997; and (ii) completely pales into insignificance when compared to the absolute disaster the UK economy is now. Like Stu, I don't expect miracles from an incoming Tory government, but I do know that no-one, but no-one, could do worse than the Labour Party, who have wrecked the economy and left it in tatters every single time they have been in government. The New Labour project was a sham. It taxed, taxed and taxed the prod
  10. Easter Saturday 1984 was very warm and sunny. Hyde Park was as beautiful and as busy in the spring warmth as I've ever seen it (apart from at the dodgy protests/concerts).
  11. I think a gilt auction failed as recently as 2002 and again in 1995 actually. But I agree about all this fiscal expansion nonsense. A complete red herring which is totally unnecessary and likely to be damaging, all because Gordon must be seen to be "doing something". Has he ever stopped to think the cost of doing something might be greater than not doing anything? A recession is quite natural, so just take minimal action, let all the dead wood filter out and start from a clean slate rather than lumber our children and grandchildren with debt that will take years to pay back. This will happen a
  12. There's a man who likes to drink a lot. His wife has told him if he ever comes home drunk again she will leave him. He goes out, gets trolleyed and throws up all over himself. He turns to his mate in the pub and asks what he can do. His friend replies, "Go home, tell her someone threw up over you, put a £20 note inside your pocket, show it to her and say the other man gave it you for the dry cleaning bill". He duly does this: he explains to the wife and shows the £20 note. The wife enquires, "But why have you got two £20 notes?" "Oh", he says, "the other one is from the man who [email protected] in my
  13. Disagree, it may be political suicide but it certainly wouldn't be economic suicide. Indeed, if considerations of the UK's bail out of her automotive industries were to be based on economics alone, it would be a no-brainer. They'd get nothing and would be allowed to collapse. Unfortunately there are a lot of votes in the manufacturing sector and the unions are notoriously vocal. There hasn't been a British car industry for 30 years, there has just been a car industry in Britain. Even when the UK did have a car industry it produced crap cars and that's why it went down the plug in the 1980s. Th
  14. Microsoft paid $300m in tax to the Irish government in 2007. That means taxable profits were somewhere in the order of (300/0.125) = $2.4bn. That's bloody good going for a country with just 4 million people. Amid all your bluster you still haven't dealt with my point which is that the tax accrued to Ireland is out of all proportion to the profits made there. Microsoft does more research in the USA than Ireland for a start, whilst the %age of Microsoft's turnover apportionable to Ireland is I suspect, miniscule. I think 25pc is a reasonable rate of corporation tax to pay that strikes the balan
  15. You're sounding desperate because you know Ireland is in deep trouble. Ireland is bankrupt and too small to survive without EU help. Yet again you miss the point. I don't know how many times I've made it but you ignore it every single time. The profits made by the companies HQ'd in Ireland are not made in Ireland. The intellectual property is registered in Ireland but the operating profits are made elsewhere. Ireland is depriving these countries of their tax dues. Are you going to answer this point or not? Because if you're not I think I'll exit from this debate. Of course the governor is try
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