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Well the person I know has now appealed after going to the CAB for advice. Has been referred to a specialist in December and until the appeal has been decided (no expected date for this) now has to live on half of what they were getting when they were on their DLA.

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Guest CanadianJack

Well the person I know has now appealed after going to the CAB for advice. Has been referred to a specialist in December and until the appeal has been decided (no expected date for this) now has to live on half of what they were getting when they were on their DLA.

 

The CABayeAye?

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If you think thats going to be a good show just wait til the Millibands get it on. :lol:

 

If Ed ends up making a cock of himself and Labour at the next election then there won't be any arguments...that fuckin mackem cunt David will be back in the fold before you can say "am only a non exec director!...please vote for me Tyneside!!"

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Apparently Boris was in great form at the conference yesterday

So you havent even seen it? Call yourself a tory, ffs.

 

He's no statesmen, more of a light entertainer. His best line was about being called a mop or mop-haired 'well if i'm a mop then Cameron is a broom, cleaning up the mess that Labour left behind'.

 

The tories are liars, the deficit was not caused by Labour's excesses and as much as Boris is a great speaker, as he tried to make that point, his logic, diction and gravitas failed him as he wasnt building an argument, just delivering a message. The deficit issue is a lie though and the austerity policy is a failure, look at the economies who have not implemented austerity and look at those who have. 'Just you wait, in the long-term we'll be shown to be right' said Hague yesterday. Tough titties baldy, you'll be out of government in the long term as no one wants austerity.

 

There will be some bounce for Cameron today, there always is but one thing is for sure, this government has got its economic policy wrong and saying they havent only fools idiots. A 3rd quarter of recession as predicted cant be swept under the carpet or blamed on the Ed Balls.

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So you havent even seen it? Call yourself a tory, ffs.

 

He's no statesmen, more of a light entertainer. His best line was about being called a mop or mop-haired 'well if i'm a mop then Cameron is a broom, cleaning up the mess that Labour left behind'.

 

The tories are liars, the deficit was not caused by Labour's excesses and as much as Boris is a great speaker, as he tried to make that point, his logic, diction and gravitas failed him as he wasnt building an argument, just delivering a message. The deficit issue is a lie though and the austerity policy is a failure, look at the economies who have not implemented austerity and look at those who have. 'Just you wait, in the long-term we'll be shown to be right' said Hague yesterday. Tough titties baldy, you'll be out of government in the long term as no one wants austerity.

 

There will be some bounce for Cameron today, there always is but one thing is for sure, this government has got its economic policy wrong and saying they havent only fools idiots. A 3rd quarter of recession as predicted cant be swept under the carpet or blamed on the Ed Balls.

 

A serious point (if you can answer without getting all economisty on me)

 

The government quite often points to the low credit we can obtain as a country and how this saves all of us paying higher interest rates. We are told again and again that because of the policies we are following, this is why the credit agencies offer us low credit when other countries (and their subjects) pay considerably more.

 

Even the likes of the IMF seem to forecast poor growth, but follow that up with saying we are on the right course.

 

Add to this that Labour pretty much say they will do exactly the same if they get in, its pretty understandable that its all a tad confusing, dont you think. (if you were normal ;) )

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The government quite often points to the low credit we can obtain as a country and how this saves all of us paying higher interest rates. We are told again and again that because of the policies we are following, this is why the credit agencies offer us low credit when other countries (and their subjects) pay considerably more.

 

 

By low credit, they mean bond yields. Yields are a measure of the rate of return demanded by the bond purchasers. The government has a deficit, so sells bonds to bond dealers. The Spanish etc have high yields and we have low yields. Also the US have low yields. Understood?

 

So, now lets look at the statement 'we have low bond yields because we have implemented austerity'. For that statement to logically hold, that must (has to) mean that Spain has not implemented austerity and the US has.

 

Spain has implemented austerity and the US has not :lol: So, its basically a lie.

 

The UK has low bond yields because we can devalue our currency to stimulate export growth. Spain can not.

 

We can purchase our own bonds via the BoE, EU law is just changing to allow the ECB to do this for member states.

 

We can implement QE, which is where the BoE buys financial products from banks to increase the money in circulation. This is meant to be a stimulus and many in the financial world like this, so yields demanded dont rise. Even though they're all wrong, which is irrelevant to trying to understand why since yield demanded is about nerves and confidence.

 

The UK has a flexible labour market and is seen as being able to adapt more quickly to changing economic circumstances. The labour laws of Spain, France, Italy etc are seen as a major hinderance to long term economic health. The whole point of yesterday's announcement is to show the government is committed to flexibility in our labour market 'structure'. This structure refers to skills needed for the years ahead, not those just passed.

 

Our bond yields never went up but is that because we implemented austerity? Fair question but the answer is no. The US have not implemented austerity, in fact the opposite was true in 2009, there is no further fiscal stimulus but there is no austerity either. The result?

 

Negative bond yields in the US. That means bond traders paying the US government to keep its money as a hedge against inflation. No austerity, highest debt in history, lowest bond yields in history.

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Yup. US treasuries still the safest of safe havens. The austerity line is bullshit. I'm convinced the Tories know it but they're using the situation to make their long desired cuts to the public sector while millionaires get tax breaks on income. Cameron is a good pr man but it's the same old with this lot however they dress it up.

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What a load of shite he's come out with about wanting the same for everyone's kids as his. The whole point of school selection whether public or private is to give your kids an advantage. That involves making sure the good school has the money and no trouble makers as well as keeping the poor schools down.

 

Privilege exists to maintain the power for a select few - it can't be spread as he suggested as that would defeat its purpose.

 

What a fucking idiot he is.

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Hmmm. And how accurate are the figures and the method of counting?

 

Sorry to be so sceptical but all I get (construction industry) is large firms going under (have been a few recently in the NE) and smaller ones doing work for nothing to keep the wheels turning.

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Hmmm. And how accurate are the figures and the method of counting?

 

Sorry to be so sceptical but all I get (construction industry) is large firms going under (have been a few recently in the NE) and smaller ones doing work for nothing to keep the wheels turning.

 

ONS (office for National statistics) so basically God as statistics go.

 

Don't think in the great schem of things it's a big deal, just be nice if its the start of an upturn. (And I'm on the doom and gloom side so I'm more hopeful than anything else).

 

With regard to construction mind, the feeling I get is that it's picked up.

 

I think we have to put to one side the bubble for construction with Riverside apartments getting thrown up and sold off plans.

 

My sister runs a firm in Leeds supplying nuts and bolts to the construction industry and having been virtually down and out since 2008, they are seeing signs of growth (still could go bust though).

 

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