Question for you

Akasya

Postless Pointer
Who do the Tories want as their new Leader ?
She wasn't even PM when Black Wednesday took place, so PM Major was the one that had initiated ERM membership as chancellor and was at the helm when it all went wrong.
It is my understanding that when things go tits up, the person in charge at that time gets the blame and cannot rewind a year or two to blame someone else?

As i previously stated thatcher had gone by black wednesday , and major was at the helm , i said she led us into the abyss .

On 8 October 1990, Thatcher entered the pound into the ERM at DM 2.95 to £1. Hence, if the exchange rate ever neared the bottom of its permitted range, DM 2.773 (€1.4178 at the DM/Euro conversion rate), the government would be obliged to intervene.

Black Wednesday - Wikipedia


Steve
 

Mushroom

Member
Who do the Tories want as their new Leader ?
As i previously stated thatcher had gone by black wednesday , and major was at the helm , i said she led us into the abyss .

On 8 October 1990, Thatcher entered the pound into the ERM at DM 2.95 to £1. Hence, if the exchange rate ever neared the bottom of its permitted range, DM 2.773 (€1.4178 at the DM/Euro conversion rate), the government would be obliged to intervene.

Black Wednesday - Wikipedia


Steve
I think if we are playing the re-winded version of the 'blame game' it should really go all the way back to Ted Heath, who got us into the common market/EU in the first place.
Chicken and Egg? Had we not joined up, we couldn't have had the ERM.
Then, on the day, Soros did his bit to break the bank of England as he proudly proclaimed, with Maggie long gone.
Looking at PFI, when it comes to the blame game. An idea first thought by the Tories was adopted by Tony Blair's Labour party and loads of debt was taken on when giving Private companies charge of the NHS hospitals.
Now the NHS is going under and the finger is pointed at the Tories. But, was the initiating of the PFI disaster a catalyst for what we have today?
 

Akasya

Postless Pointer
Who do the Tories want as their new Leader ?
I think if we are playing the re-winded version of the 'blame game' it should really go all the way back to Ted Heath, who got us into the common market/EU in the first place.
Chicken and Egg? Had we not joined up, we couldn't have had the ERM.
Then, on the day, Soros did his bit to break the bank of England as he proudly proclaimed, with Maggie long gone.
Looking at PFI, when it comes to the blame game. An idea first thought by the Tories was adopted by Tony Blair's Labour party and loads of debt was taken on when giving Private companies charge of the NHS hospitals.
Now the NHS is going under and the finger is pointed at the Tories. But, was the initiating of the PFI disaster a catalyst for what we have today?
With respect , no , entering the erm was so costly , she led the way , in one day a couple of years later our mortgage went from £420 to £1219 , not just us , millions defaulted znd lost their homes , she led us into this disaster .
Steve
 

Chasey

Member
Who do the Tories want as their new Leader ?
As i previously stated thatcher had gone by black wednesday , and major was at the helm , i said she led us into the abyss .

On 8 October 1990, Thatcher entered the pound into the ERM at DM 2.95 to £1. Hence, if the exchange rate ever neared the bottom of its permitted range, DM 2.773 (€1.4178 at the DM/Euro conversion rate), the government would be obliged to intervene.

Black Wednesday - Wikipedia


Steve


Factually accurate but lacking substance

Thatcher held off joining for 11 years despite back bench and front bench presure

Thatcher was strongly opposed to entering the ERM which was a plan formulated by Nigel Lawson. Sadly she was at her weakest point by then and had to acquiesce to Lawson's demand to join.

Thatcher inherited a broken Britton and laid the foundations for fixing it which weren't fully appreciated during her governance but came to fruition shortly after. She broke the stronghold of the unions which had reached ridiculous levels and overturned the socialist policies of the past notably encouraging home ownership and reducing higher rate tax from a ridiculous 83 % down to 40%

Note NO SUBSEQUENT government be it labor or conservative has overturned these measures because they were common sense and absolutely necessary to avoid our slide into a socialist abys.

Thatcher was inspirational to young people. Her mantra was equality of opportunity not equality of outcome. She broke the mold of stodgy bank managers giving out loans to mates at the golf club and instead opened up the venture capital required for thousands of small businesses (Including my own) to start up and grow.

If not for Thatcher id not be where I am today

I am a proud Thatcher Child

She planted an oak tree but didn't stay long enough to see it grow.
 

Mushroom

Member
Who do the Tories want as their new Leader ?
With respect , no , entering the erm was so costly , she led the way , in one day a couple of years later our mortgage went from £420 to £1219 , not just us , millions defaulted znd lost their homes , she led us into this disaster .
Steve
Nope. The disaster was led by being part of the EU/common market set up by Heath and probably voted for by yourself.
The Erm was set up by Major, who had to oversee the aftermath when he became PM and by which time Maggie was long gone.
I didn't lose my home because I had the mortgage fixed.
I didn't trust to stay variable because I don't trust anyone.
Fix low - stay low. Not exactly difficult?
Anyway mine was paid off 13 years early thanks to Arthur. 😃
 

Chasey

Member
Who do the Tories want as their new Leader ?
With respect , no , entering the erm was so costly , she led the way , in one day a couple of years later our mortgage went from £420 to £1219 , not just us , millions defaulted znd lost their homes , she led us into this disaster .
Steve


That had fec all to do with Thatcher and a lot to do with George Soros and similar speculators who crashed the pound at a time of stress.

Soros made over a billion pounds profit from destroying the pound and back in 1992 a billion was quite a lot of money.

Note on Black Wednesday we withdrew from the ERM
 

juco

Member
Who do the Tories want as their new Leader ?
One can argue who did what and when and and compare to however far back you want to go but one things for sure politicians do not act in our favour, we are used to provide money via taxes to finance their political agendas and lifestyles.
 

Akasya

Postless Pointer
Who do the Tories want as their new Leader ?
When did Thatcher join the ERM?


On 8 October 1990, Thatcher entered the pound into the ERM at DM 2.95 to £1. Wiki .
Steve
 

Maisie

Member
Who do the Tories want as their new Leader ?
Nothing in the news about what Boris the Buffoon is doing at present. I assume he is keeping a low profile whilst continuing to be paid. I suppose, technically, he is not playing any part in the governing of the UK at present. But I seem to recall that in previous years we have heard what he is doing on his highly paid holidays.

Maisie
 

Mushroom

Member
Who do the Tories want as their new Leader ?
Boris is having the time of his life.
Taking every perk and freebie before his tenure ends.
Endorsing his attendance on the gravy trains of speeches, media and directorships.
Calculating how much he will be coining it in the future (together with a nice severance and pension from his time in politics).
Why should he let politics get in the way?
 

mollag

Kipper restorer
Who do the Tories want as their new Leader ?

Public don’t want tax cuts Truss and Sunak are promising, poll reveals

As the Tory leadership hopefuls clash over when to reduce taxes, the public are more concerned with maintaining funding.
But as we know the Tory party doesn't represent the Public, they represent the Wealthy Business folk who love tax cuts, but keep voting for them, they may change :rolleyes:
Public don’t want tax cuts Truss and Sunak are promising, poll reveals
 

Chasey

Member
Who do the Tories want as their new Leader ?

Public don’t want tax cuts Truss and Sunak are promising, poll reveals

As the Tory leadership hopefuls clash over when to reduce taxes, the public are more concerned with maintaining funding.
But as we know the Tory party doesn't represent the Public, they represent the Wealthy Business folk who love tax cuts, but keep voting for them, they may change :rolleyes:
Public don’t want tax cuts Truss and Sunak are promising, poll reveals


The public possibly but upping corporation tax form 19% to 25% is IMHO NOT good for business

Many teetering on the brink of moving to the EU may decide enough is enough

Look at Ireland? 12.5 Corp tax and avg 3.5% GDP growth 13.5% since they took all the business from the UK after Brexit and the UK GDP dropped to a predicted 0.8% in 2022 post Brexit less than half it enjoyed on average through EU membership despite two recessions and a financial crash

Also, businesses OK with paying 19% (remember raised from 10% which it was for ages) may now decide tax avoidance measures stat making a lot of sense

End result: Small businesses bear the brunt and go under and investors looking to start a business think 12.5% will save them a ton of money they can reinvest in growth.

Yes the man on the street is so thick he's always going on and on about screwing businesses but his aim is out. We need to look at businesses NOT paying any tax not look at taxing the ones that are 30% more
 

Chasey

Member
Who do the Tories want as their new Leader ?
Aren't glad you are vote for only Starmer?


You think the Americans wanted Biden?

No they voted for him so as to remove Trump and they probably were reluctant but resigned for the greater good

So don't rule out Starmer

I honestly believe if Boris had staid on Starmer would be the winner bu the Tories have done their usual trick of swapping around leaders strategy to offer the hope to voters THIS time it will be different. Yes I know we have made a total arse of it for 10 years and virtually destroyed the UK by forcing through Brexit on a pack of lies formulated by a secret Conservative Think Tank dedicated to providing disinformation


BUT THIS TIME it will all be different.

OH and to all our core supporters in small businesses we are upping corporation tax by 30%

Have a nice day.

Yes the Tory switcheroo tactic is likely to work because as was once well said by Lincon.

“You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.”​



Borris re wrote it

“You can fool a small majority of the people all of the time, and that's enough”​

 

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