Election Year or Fear!

[ramAnag]

Can I just say one thing. We were discussing the impact of one Labour UTurn on capital markets and forex markets. Its is therefore utterly irrelevant what eg the forex rate was post Truss or pre Brexit. The question is how the markets reacted to the UTurn on the day - not where they ended up on the day compared to 3 or 9 years ago. Similarly how the capital markets spiked on the day, what rates were 3 or 9 years ago are irrelevant.

This is because we are trying to isolare the impact of one decision - Truss' budget disaster or reeves budget UTurn.

Let me try to put it in football terms. Derby sign a new striker for the start of next season who scores 10 goals in the first 10 games leaving us 5th in the EFL. How do you assess his impact on the team - do you look back on how well we were doing in 2022 or 2016? No you look at improvement (in this case) since the new player became influential. Same thing with political gaffes - you look at the performance indicator immediatley before and after the gaffe. In football terms you were trying to compare to a different squad playing in a different league.

Hope this makes a little more sense??

You can say whatever you like as long as we are both civil to one another.

To be completely honest once you start talking about capital markets and forex markets etc you are way over my head.

In my defence, although I appreciate the football analogy, I think the Reeves/Truss comparison was started by you and I merely ran with it.

Overall, I make no claim to understanding the minutiae of economic matters (just as well I here you say) but that does not prevent me from holding informed opinions on certain socio/economic issues.

To me the fact that so much is owned by so few and that the disparity between owners wealth and workers reward is so great, despite company achievements being an ultimately collective responsibility, is wrong. It is fundamentally unfair imo and that is really what the debate was about. Much is said about two tier Keir simply because the contrived rhyme holds an appeal for some, but the two, or more, tier system that we all live under warrants a great deal more attention imo.