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Realistbear

Gordon Publishes An Edict On Fighting Inflation Together

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http://www.telegraph.co.uk/money/main.jhtm...9/ugordon29.xml

Brown reins in public sector pay rises
(Filed: 29/08/2006)
Chancellor Gordon Brown has told every Government department to restrict pay rises to 2pc in 2007, compared with the average 2.5pc award this year, to fight inflationary pressures....../
He also confirmed plans to cut civil service jobs by 80,000 and sell £30bn of state assets by 2010.
He warned, however, that the global economy faces
"an uncertain autumn"
and described the collapse of world trade talks as "one of the most ominous summer setbacks."

The pidgeons are coming home to roost Gordo better cover your head! :lol::lol::lol:

His "uncertain autumn" sounds a bit scary and it looks like he is looking at something to blame--the WTO collapse no doubt.

Edited by Realistbear

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Guest mattsta1964

The pidgeons are coming home to roost Gordo better cover your head! :lol::lol::lol:

His "uncertain autumn" sounds a bit scary and it looks like he is looking at something to blame--the WTO collapse no doubt.

An uncertain autumn eh! Hmmmmm. The fat controller is sounding a bit nervous! :blink:

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An uncertain autumn eh! Hmmmmm. The fat controller is sounding a bit nervous! :blink:

The fact that he has to reign in pay raises from 2.5% to 2% tells us inflation is way out of control already. This will lead to civil unrest. Folk are getting poorer, and once the illusion of wealth (HPI) dissapears they will realize exactly how poor they really are.

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He also confirmed plans to cut civil service jobs by 80,000 and sell £30bn of state assets by 2010.

30bn more of state assets to be sold? Is there anything left in the country that is British?

When are the politicos going to realise that if you keep selling everything there'll be a time when there's nothing left to sell - wonder if there'll ever be a time when we're evicted from our own country?

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Like capping pay-rises will stop inflation :rolleyes: I hardly think gas, electricity, water and council tax will suddenly stop soaring becasue people can't afford it anymore :rolleyes:

Edited by Bingley Bloke

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http://www.telegraph.co.uk/money/main.jhtm...9/ugordon29.xml

Brown reins in public sector pay rises
(Filed: 29/08/2006)
Chancellor Gordon Brown has told every Government department to restrict pay rises to 2pc in 2007, compared with the average 2.5pc award this year, to fight inflationary pressures....../
He also confirmed plans to cut civil service jobs by 80,000 and sell £30bn of state assets by 2010.
He warned, however, that the global economy faces
"an uncertain autumn"
and described the collapse of world trade talks as "one of the most ominous summer setbacks."

The pidgeons are coming home to roost Gordo better cover your head! :lol::lol::lol:

His "uncertain autumn" sounds a bit scary and it looks like he is looking at something to blame--the WTO collapse no doubt.

I'm sure he says exactly the same thing every year - he's beginning to sound a bit like a stuck record.

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The state assets being THE NHS!!!!!!!!!!!!!

I'm not sure how the NHS could be considered an asset, unless the new owners are going to knock down all the hospitals and build 'executive apartments' on the land.

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30bn more of state assets to be sold? Is there anything left in the country that is British?

When are the politicos going to realise that if you keep selling everything there'll be a time when there's nothing left to sell - wonder if there'll ever be a time when we're evicted from our own country?

wonder if there'll ever be a time when we're evicted from our own country?

Some believe its already happening as Brits move to Spain, OZ etc. and others move in.

I'm not sure how the NHS could be considered an asset, unless the new owners are going to knock down all the hospitals and build 'executive apartments' on the land.

The government are in talks with the US HMO giant Kaiser Permenente which looks like they are going to scrap the concept of a NHS are replace it with a pay as you go insurance based scheme. KP are a fine company and work well in the US---if you can afford the coverage.

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http://www.telegraph.co.uk/money/main.jhtm...9/ugordon29.xml

Brown reins in public sector pay rises
(Filed: 29/08/2006)
Chancellor Gordon Brown has told every Government department to restrict pay rises to 2pc in 2007, compared with the average 2.5pc award this year, to fight inflationary pressures....../
He also confirmed plans to cut civil service jobs by 80,000 and sell £30bn of state assets by 2010.
He warned, however, that the global economy faces
"an uncertain autumn"
and described the collapse of world trade talks as "one of the most ominous summer setbacks."

The pidgeons are coming home to roost Gordo better cover your head! :lol::lol::lol:

His "uncertain autumn" sounds a bit scary and it looks like he is looking at something to blame--the WTO collapse no doubt.

I don't see how he will get away with renumerating pay BELOW the rate of inflation, that is a pay cut.

there will be strikes and riots on the streets.

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I'm not sure how the NHS could be considered an asset, unless the new owners are going to knock down all the hospitals and build 'executive apartments' on the land.

If you could buy your local hospital for a knockdown price having just been refurbed and rebuilt at taxpayers expense, then the Gov remove the NHS which is what they are doing.

You would be a very rich man.

Expect to see many ex Labour Party Scroungers sitting on the boards of private hospitals in the future.

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I'm not sure how the NHS could be considered an asset, unless the new owners are going to knock down all the hospitals and build 'executive apartments' on the land.

you could be closer to the truth than you imagine...

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An uncertain autumn eh! Hmmmmm. The fat controller is sounding a bit nervous! :blink:

"reigning in pay rises from 2.5 to 2%" is hardly "oh my god, scary increases" territory. most people have only had inflation+ pay rises anyway over the years. pay claims are not going through the roof ( apart from for sucessful, talented people). Plus, if he says there's likely to be a dodgy autumn, it's hardly going to encourage the bank to raise rates further ; if we look like we're going into recession, inflationary pressures will ease and there'll be no need for more rates rises anyway! doh!

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I don't see how he will get away with renumerating pay BELOW the rate of inflation, that is a pay cut.

He wont. He Great Spinmeister does this every year, to the glowing accompanyment of "Iron Chancellor" headlines from the BBC, then as the pay rounds progress the Treasury will cut above inflation deals on a 'special case' and union by union basis.

...if we look like we're going into recession, inflationary pressures will ease ...

Guess you've never heard of Stagflation Cockoo - there's a hint in the name Stag [stagnation/recession/low growth] - Flation [thats the inflation bit] recession and inflation at same time - thats where US and UK could well be heading

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I'm not sure how the NHS could be considered an asset, unless the new owners are going to knock down all the hospitals and build 'executive apartments' on the land.

I'm sure you've heard of PFI. What do you see happening on the old hospital sites once the PFI out of town hospital has been built (cheaply and on time limited rent to the NHS) ?

Maybe you were being extremely subtle. <_<

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Guess you've never heard of Stagflation Cockoo - there's a hint in the name Stag [stagnation/recession/low growth] - Flation [thats the inflation bit] recession and inflation at same time - thats where US and UK could well be heading

Yep, stagflation a possibility due to external factors outside the UK such as rising global energy prices

We'll effectively be improting inflation whilst our economy grinds to halt...

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Politicians calling for collective restraint on pay rises to combat inflation, instead of taking the tough but necessary steps to fight it like raising interest rates, sooooooooo reminds me of Argentina it's not even funny.

Welcome to the third world guys

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Politicians calling for collective restraint on pay rises to combat inflation, instead of taking the tough but necessary steps to fight it like raising interest rates, sooooooooo reminds me of Argentina it's not even funny.

Welcome to the third world guys

Gordon is terrified of a HPC now that he sees what is happening in OZ and the US. So terrified that he will try to suppress wages, lay off civil servants, raise taxes, whatever it takes to avoid the inevitable consequences of his foolish belief in miracles.

It has been said that the HPC will remove NuLabour from office and with it Gordon's hopes and dreams to lead the nation boldly into the 21st Century. I wonder if Gordon is hearing the popping sounds about now?

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The thing the government seem to forget is that having high housing costs means people demand more money so they can afford high prices. It looks like they want house prices to keep going up without people earning much more, which can only mean higher debt levels.

Edited by simon99

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The thing the government seem to forget is that having high housing costs means people demand more money so they can afford high prices. It looks like they want house prices to keep going up without people earning much more, which can only mean higher debt levels.

That's Brown's general plan. More borrowing/debt, allowing Gordon to keep the money printing presses rolling

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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