Global Recession
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@MajorRage said in Global Recession:
@TeWaio said in Global Recession:
I think by October it'll be politically toxic in the UK to support Ukraine military aid, so bad will energy bills be. It'll be like how these days you can hardly find a politician who'll admit to having been pro lockdown.
It is getting impossible to see how this can be turned around.
28 mill houses in the UK with average energy bill of 4k. Thats 112 billion annually in energy. The Government can't just stump this up without serious consequences.
I can't see how things can go on without a full European war. Putin has played an absolute blinder. Britain has played it as bad as it can possibly be played. Trying to make it itself fully sustainable in a ridiculously short period of time. Europe will continue to go on looking out for itself & accruing ridiculous levels of debt, whilst pumping ludicrous levels of money into Russia, which will br used to continue to the fund the war on Ukraine, followed by other neighbouring countries, followed by a full European war.
There is not one single scenario that I can see anymore which plays out well for the UK.
We are 100% completely and utterly fucked.
Even if they do just freeze payments like the French have done, and borrow £112bn (lol Bank of England), that doesn't magically make enough molecules of gas appear. No amount of printed money does. Prices/markets have broken down under the weight of decades of malinvestment and net zero lies. Electricity could be a $billion per kWh and there still won't be enough of it.
As for windfall taxes on the energy companies....to quote Doomberg on Twitter: "Nothing motivates incremental production like the threat of seizing profits directly from the risk takers needed to fund it."
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@MajorRage said in Global Recession:
@dogmeat Brexit has nothing to do with it.
Agreed but the Brexit promises are now, unsurprisingly, shown to be worthless.
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@Catogrande yep. Although the pandemic must take some blame for that
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@Catogrande said in Global Recession:
@MajorRage said in Global Recession:
@dogmeat Brexit has nothing to do with it.
Agreed but
the Brexitpoliticians’ promises are now, unsurprisingly, shown to be worthless.Fixed
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Isn't Australia in a pretty strong position to produce cheap electricity in the form of solar/renewables to attract investment and industry who want cheaper energy? I know Brooks is building a big pipeline to Indonesia to sell electricity, I just wonder if we produced loads of it and made it cheap would we get factories relocating here?
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@Paekakboyz said in Global Recession:
@chimoaus after energy cost/supply would the next question/s be climate and labour laws?
the CFMEU just got enormous erections
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@chimoaus said in Global Recession:
Isn't Australia in a pretty strong position to produce cheap electricity in the form of solar/renewables to attract investment and industry who want cheaper energy? I know Brooks is building a big pipeline to Indonesia to sell electricity, I just wonder if we produced loads of it and made it cheap would we get factories relocating here?
All correct - just need the transmission changes and upgrades, which again is government, industry, and investors coming together to drive the change. Incidentally creates a shitload of jobs when that all happens together.
Offshore wind is probably a good place to do the bulk of it - as we don't have any, everyone needs to come together to build it almost from scratch, including transmission. Offshore has higher efficiency compared to onshore wind as well, and are probably better in summer.
Will it happen? Well, a bunch of licenses are being issue for fossil fuel exploration so I don't think we'll be leading the world any time soon...
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@mariner4life said in Global Recession:
CFMEU
Synchronized chubs around the country - all pointing to Indo. LOL that ain't anything new!
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@chimoaus said in Global Recession:
Isn't Australia in a pretty strong position to produce cheap electricity in the form of solar/renewables to attract investment and industry who want cheaper energy?
Quick check of electricity prices in markets with high penetration of renewables...
I know Brooks is building a big pipeline to Indonesia to sell electricity,
No, the plan is to make the world's longest HVDC line to Singapore - a country that doesn't need additional energy.
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@MajorRage said in Global Recession:
@dogmeat Brexit has nothing to do with it.
sorry to ask a month later but didn't leavers promise money to fund the nhs?
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@nostrildamus said in Global Recession:
sorry to ask a month later but didn't leavers promise money to fund the nhs?
Firstly, the headline is classic Guardian fake news. The Leave campaign did not make any promises as they were in no position to do so. But to answer your question, yes and no.
No, in that the Leave campaign was cross-party and was in no position to make promises for any government. They made a big thing of the fact that the UK's EU of £50m a day (it was actually around £30m after rebates) contribution could be spent on the NHS.
Yes, in that the government, led by the leader of the Leave campaign, increased annual NHS spending (excluding Pandemic costs) from £150Bn p.a to £177Bn p.a. - or around £50m per day.
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@Victor-Meldrew said in Global Recession:
@nostrildamus said in Global Recession:
sorry to ask a month later but didn't leavers promise money to fund the nhs?
Firstly, the headline is classic Guardian fake news. The Leave campaign did not make any promises as they were in no position to do so. But to answer your question, yes and no.
No, in that the Leave campaign was cross-party and was in no position to make promises for any government. They made a big thing of the fact that the UK's EU of £50m a day (it was actually around £30m after rebates) contribution could be spent on the NHS.
Yes, in that the government, led by the leader of the Leave campaign, increased annual NHS spending (excluding Pandemic costs) from £150Bn p.a to £177Bn p.a. - or around £50m per day.
Seems a bit complicated to me (https://www.thenational.scot/news/18982490.350m-nhs-oven-ready-deal-broken-brexit-promises/) but I'm not there or have a dog in the fight.
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@nostrildamus said in Global Recession:
@Victor-Meldrew said in Global Recession:
@nostrildamus said in Global Recession:
sorry to ask a month later but didn't leavers promise money to fund the nhs?
Firstly, the headline is classic Guardian fake news. The Leave campaign did not make any promises as they were in no position to do so. But to answer your question, yes and no.
No, in that the Leave campaign was cross-party and was in no position to make promises for any government. They made a big thing of the fact that the UK's EU of £50m a day (it was actually around £30m after rebates) contribution could be spent on the NHS.
Yes, in that the government, led by the leader of the Leave campaign, increased annual NHS spending (excluding Pandemic costs) from £150Bn p.a to £177Bn p.a. - or around £50m per day.
Seems a bit complicated to me (https://www.thenational.scot/news/18982490.350m-nhs-oven-ready-deal-broken-brexit-promises/) but I'm not there or have a dog in the fight.
It's not complicated at all. You asked if the Leave campaign promised money to fund the NHS. I pointed out:
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The Leave Campaign never promised any spending commitments. It was in no position to do so.
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The leader of the Leave campaign, when he became PM, delivered increased NHS spending he said was possible if we left the EU.
The article you posted is similarly confused.
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@Victor-Meldrew said in Global Recession:
@nostrildamus said in Global Recession:
@Victor-Meldrew said in Global Recession:
@nostrildamus said in Global Recession:
sorry to ask a month later but didn't leavers promise money to fund the nhs?
Firstly, the headline is classic Guardian fake news. The Leave campaign did not make any promises as they were in no position to do so. But to answer your question, yes and no.
No, in that the Leave campaign was cross-party and was in no position to make promises for any government. They made a big thing of the fact that the UK's EU of £50m a day (it was actually around £30m after rebates) contribution could be spent on the NHS.
Yes, in that the government, led by the leader of the Leave campaign, increased annual NHS spending (excluding Pandemic costs) from £150Bn p.a to £177Bn p.a. - or around £50m per day.
Seems a bit complicated to me (https://www.thenational.scot/news/18982490.350m-nhs-oven-ready-deal-broken-brexit-promises/) but I'm not there or have a dog in the fight.
It's not complicated at all. You asked if the Leave campaign promised money to fund the NHS. I pointed out:
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The Leave Campaign never promised any spending commitments. It was in no position to do so.
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The leader of the Leave campaign, when he became PM, delivered increased NHS spending he said was possible if we left the EU.
The article you posted is similarly confused.
Nope, not convinced.
1 The Vote Leave group had a government minister - Michael Gove - colead it but Boris, as far as I understand, was a spokesman but not leader.Gove had power and say in the government.
He was appointed by Cameron so he did have power.While Boris was secretary of state under May (from 2016)
2 While the government spent that much and more, extra spending did not prove the promise on the bus, by a group that included government ministers.
"The sustained belief also comes despite the government having shown no sign of spending the supposed £350m extra a week on the NHS, as the advertisements controversially suggested."
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@nostrildamus said in Global Recession:
1 The Vote Leave group had a government minister - Michael Gove - colead it but Boris, as far as I understand, was a spokesman but not leader.
Gove had power and say in the government.
He was appointed by Cameron so he did have power.As I said before, having a Government minister in a cross-party, non-Government political campaign group doesn't give it the power to promise and implement Government spending commitments.
"The sustained belief also comes despite the government having shown no sign of spending the supposed £350m extra a week on the NHS, as the advertisements controversially suggested."
Another confused article (more an article for confused people) which, like you, has difficulty understanding the basic difference between a non-government campaign group listing possible benefits and an elected government's spending commitments.
I note the article you posted was written before Johnson became PM, won a majority and the UK moved from a hung Parliament, and able to implement their manifesto and increase NHS spending