The Supreme Court ruling is no surprise really. The Rwanda plan never took into account other areas of law and international treaties. Which means that it was deliberately set up to fail.
Wally Banter wrote: ↑Wed Nov 15, 2023 11:10 am
How so? Intra-Tory undermining, or some grander scheme to persuade the public that we should rip up pesky human rights legislation?
That seemed to be what Braverman inferred in her sacking letter, that it was doomed to fail and we should exit the relevant human rights infrastructures.
I'm not sure that objective could outweigh the reputational damage of spaffing £200m up the wall and (yet again) casting yourselves as completely inept. Then again, I'm probably underestimating the vote-winning power of base xenophobia.
Wally Banter wrote: ↑Wed Nov 15, 2023 11:10 am
How so? Intra-Tory undermining, or some grander scheme to persuade the public that we should rip up pesky human rights legislation?
Both. Intra-Tory rivalries battling for control of the party. And part of a two-front attack:
1 - Plays into the narrative that Britain will never be "great again" until we leave such pesky institutions such as the ECHR and the UN refugee convention
2 - Yet another example of the elites being enemies of the people, which will only be made worse if you vote in Labour at the next election
It's probably also worth noting that other Western countries are either openly or secretly looking at existing international treaties and how they can hold up to existing and predicted migration flows over the coming years. I think for any country to exit the current arrangements would be borderline revolutionary (and not necessarily in a good way), so we can expect to see a growing push for amendments. I've no idea how realistic or feasible that is though.
Dunners wrote: ↑Mon Jun 19, 2023 10:10 am
I get regular mortgage analysis through from UK Finance and can confirm that the majority of homeowners do not even have a mortgage (or any borrowing) secured against their home.
No way, I'm not buying that.
It surprised me too. Buildplace (who are reputable and credible) do some brilliant analysis, but I just can't locate it right now. If I do I'll link to it on here.
There were 24.9 million dwellings across England in 2021:
32.6% of these were owned outright
28% were owned with a mortgage or loan
20% were privately rented
17% were classed as social housing
2.4% included unoccupied dwellings
The older generation has paid off its mortgages, and that even accounts for many who refinanced to provide their children with deposits on their first home purchases. What is left is the prime working age population on whom the state most depends for taxable income, as they earn the salaries and spend the cash.
Those with mortgages are about to get screwed. And those who rent are already getting screwed (in London as much as 30% of their income is going on rent). So, as a society that is based upon consumption led growth, we've reached the end of the road. This is what has the money markets so spooked right now.
We're basically Japan now. Only, unlike them, we have immigrants to blame.
The latest OBR growth forecast supports my view that we're now just another version of Japan:
Per capita, and assuming we continue to see population growth mainly through low-skill immigration, that's stagnant productivity for the next decade and possibly beyond. This is confirmation of the end of the post-war economic system. Might be time to dig ol' Jezza up.
For someone who knows nothing about Economics. Can someone explain why the government having been saying they can’t give above inflation wage increases as this drives inflation but they can cut NI and give people more money in their pockets?
Rich Tea Wellin wrote: ↑Wed Nov 22, 2023 3:44 pm
For someone who knows nothing about Economics. Can someone explain why the government having been saying they can’t give above inflation wage increases as this drives inflation but they can cut NI and give people more money in their pockets?
Rich Tea Wellin wrote: ↑Wed Nov 22, 2023 3:44 pm
For someone who knows nothing about Economics. Can someone explain why the government having been saying they can’t give above inflation wage increases as this drives inflation but they can cut NI and give people more money in their pockets?
Rich Tea Wellin wrote: ↑Wed Nov 22, 2023 3:44 pm
For someone who knows nothing about Economics. Can someone explain why the government having been saying they can’t give above inflation wage increases as this drives inflation but they can cut NI and give people more money in their pockets?
Rich Tea Wellin wrote: ↑Wed Nov 22, 2023 4:04 pm
Is it also to give Labour an even more f*cked economy and a bad look when they have to role these changes back in a year?
Probably
I think the Inheritance Tax cut will come in the next and final budget before an election. If Labour get in , that will be a tough reversal.