Talk Morgan Forums Community The Malvern Arms Pensions warning..

Another move in the pipeline from one of Starmers bitches here.. which you might want fair warning of.

I heard that this had been dropped after the WFA reception.

I hope so I just got it from Outlook log off process.

There are reports that Treasury may not be backing this change as it affects up to a million civil servants with their gilt pensions and should it go ahead it would mitigate the substantial CS pay awards just given. No concern expressed for how it would affect everyone else who are not civil servants,

That sounds about right, pull the ladder up Jack….

The more worrying bit for the country is whether Labour reclassifies debt, so they can borrow more for their spending, playing accountancy games to try and fool everyone but making future generations eventually pay for their follies especially as UK pays almost twice the interest rate on its national debt than Germany does, higher interest payments have to be serviced by raised taxes.

Labour did it last time in Government with massive PFI contracts in effect off balance sheet funding (window dressing) the effect of those hire contracts still consumes much of the NHS funding today in ongoing rental payments for assets (hospitals) that will never come into public ownership

Why would anybody be surprised, they were warned but still voted for them.

I was obvious from the Corbyn days that Starmer did not have the necessary political agility. Being the greatest QC on the planet doesn't mean you are able to deal with non-binary challenges, which is basically how the law works.

I lectured MrsW way back how they would screw things up, but he has exceeded my expectations.

Bit political this, but PFI was in fact a Tory invention, used by them in a limited way but then used much more by Labour. Problem being that whatever party is in power, they have the same issue or needing to borrow money because we arent paying our way. And since as Truss showed our credit rating is poor and lenders dont want to know us, imaginative ways have to be used. As with borrowing shed loads from the Bank of England and pretending that it isnt simply printing money like Weimar.

Of course we pay a higher interest rate than Germany. We are far less credit worthy.

We are heading for another IMF bail out but when?

We haven't been paying our way for years. We are content to export our work to other countries and allow foreign businesses to buy any profitable UK owned business. See
https://www.talkmorgan.com/ubbthreads.php/topics/808646/economic-growth-really#Post808646

Both parties are profligate because that's what Jo Public expects. Too many people are content to sit on their @ss and expect the state to provide their needs