The UK Politics and EU Referendum thread - merged

[TightEnd]

Why 2017 was not a good time for the Government to call an election

(wage growth and inflation)

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the result of which is

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[TightEnd]

For 1st time since Great Recession a plurality of Brits want to tax more and spend more (national centre research)

[TightEnd]

Nicola Sturgeon's half-hearted "reset" is not enough to win back voters to the SNP

http://www.newstatesman.com/politics/scotland/2017/06/nicola-sturgeons-half-hearted-reset-not-enough-win-back-voters-snp

[TightEnd]

The New Statesman Leader:

Labour and the Brexit debacle

http://www.newstatesman.com/politics/uk/2017/06/leader-labour-and-brexit-debacle

[titaniumbean]

what a shock the party of the working man who never is the billionaire banker and media executives puppet will make a selfless decision to do away with Levenson 2.

Public servants 

[buffyslayer1]

Really this is a dream scenario for Labour right now.

They get to pick the battles they fight with Tories, such as the pay cap for public sector workers debate yesterday, make the government gradually more and more unpopular as they go a long. But at the same time don't have to deal with the poisoned chalice of Brexit negoiations.

If Labour don't shoot themselves in the foot, they might be win a 100 seat majority in the next election.

This was my thought post election. It was the perfect result coming a fairly close (ish) second and out performing expectations.

I am clearly no fan of the Tories and to be honest it's their fault we got into this Brexit mess. However, whoever had to deal with the aftermath it was going to be really tough. Almost a no win situation as in the short term at least the country is likely to be worse off. People are terrible at looking long term in general and its hard to see 10 years down the line that we may (I don't think we will but you can't exclude that possibility. )

Now with a decent share in parliament and a seemingly mended party, Labour can apply lots of pressure on the government.  On the other hand the Tories are plagued with infighting and U turns and are in a pretty miserable state at present. Much like labour were a year ago or less even.

[rfgqqabc]

https://en.m.wikipedia.org/wiki/Independent_Inquiry_into_Child_Sexual_Abuse

Christ what a mess this is too.

[neeko]

Fascinating (if long) article about Western Union (money transfer service) and how it could see the 2014 onwards refugee flow into Europe in real time.

https://www.bloomberg.com/news/features/2017-06-16/for-western-union-refugees-and-immigrants-are-the-ultimate-market

[TightEnd]

Coalition of Labour left (don't like free markets) and Labour right (don't like free movement) oppose single market.

http://www.newstatesman.com/politics/uk/2017/06/jeremy-corbyn-sacks-four-shadow-ministers-labour-splits-over-eu-single-market …

[TightEnd]

lol

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[TightEnd]

Jeremy Corbyn Sacks Shadow Ministers Who Voted For Soft Brexit

Corbyn ordered MPs to abstain on Chuka Umunna amendment

http://www.huffingtonpost.co.uk/entry/five-shadow-ministers-forced-to-quit-corbyn-shadow-team-after-voting-soft-brexit_uk_59552c3ce4b02734df30af9f?fie

[TightEnd]

Jeremy Hard Brexit Corbyn is a secret hero of the eurosceptic movement.


https://reaction.life/jeremy-hard-brexit-corbyn-secret-hero-eurosceptic-movement/

[TightEnd]

Lowest household savings ratio in 54 years

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Rapid surge in consumer borrowing

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debt remains elevated & 2016 credit surge can't be sustained. Means renewed income squeeze likely to weigh heavily on economic growth

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 increase in the use of minimum repayment on credit cards

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[JohnCharver]

lol

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Both statements are incorrect, the front benchers who increased their majority were in big remain areas and they are representing what got them elected, and corbyn didnt defy the whip as a front bencher, by virtue of not being one.

[arbboy]

Lowest household savings ratio in 54 years

Click to see full-size image.

Rapid surge in consumer borrowing

Click to see full-size image.

debt remains elevated & 2016 credit surge can't be sustained. Means renewed income squeeze likely to weigh heavily on economic growth

Click to see full-size image.

 increase in the use of minimum repayment on credit cards

Click to see full-size image.

Delayed pain only a matter of time now before the proper pinch comes which could have happened years ago if winning votes wasn't such a big deal in the short term for political parties.  Artificial policies to tinker with house prices/markets by successive governments and keep borrowing/interest rates to record lows just saved up the pain which has to come at some stage.  House prices now at 6-10 times average earnings depending on the region close to record highs and a potential car finance debt bubble about to explode on top of that at record highs yet all the data from those graphs suggests everyone is skint.  Doesn't make sense.  Lot of people with their head in the sand living beyond their means going to get some real shocks very soon me thinks as soon as IR start to rise.