Current Affairs

[Kendhni]

As they say it is not where you start, is where you finish that matters.

Absolutely…and as yet not at the bottom of a cliff like some were predicting

Curiously, very few people predicted much about cliff bottoms. However it was continually used as a base point by those claiming how far up the cliff they were? I guess it is easier to say that we are further up the cliff by moving the base further away than actually climbing up it

[Mervyn and Trish]

All very well and noble but define poor country. India for example has a space programme.

I keep hearing this comment being made, and it shows a lack of understanding of the original main drivers of the Indian space program?

It's always reassuring when the answer is that I have a knowledge deficit.

[Kendhni]

It's always reassuring when the answer is that I have a knowledge deficit.

Not a deficit, just something that you probably have never had any need to consider. In the past I had used a similar argument as you in relation to aid to India (not forgetting the Buddh International Circuit as well). Several years back I heard a much more detailed explanation (possibly QE or Smithsonian) and I realised my perception on this was totally wrong. As is often the case there is much more to it.

[Manoverboard]

Just read ( B of E ) that we are poised to have the highest growth rate in 70 years and elsewhere that the EU are going into a double dip recession ... so much for the doom mongers' predictions.

Unless you put that into context then it is meaningless. The UK is still recovering from last years slump ...

I don't consider it to be meaningless.

It is the highest in 70 years, ie 1951, not since 2019 nor 2020.

[barney]

I wouldn’t trust any financial experts predictions.
They are usually well off the mark, one way or the other.
It must be the only job in the world where you can be consistently wrong but still be consulted.

[Kendhni]

It is the highest in 70 years, ie 1951, not since 2019 nor 2020.

Recovering from "the largest fall in GDP possibly since the early part of the 18th Century...1709" i.e. not in 70 years.

However it is still good to hear, along with estimates of unemployment being revised down, interest rates being left, QE not being increased and increased anticipated spending by the public. Overall a very positive statement.

[Kendhni]

https://uk.yahoo.com/news/covid-vaccine ... 34165.html

The technical lead of WHO does a much better job of vocalising what I was trying to say several posts back.

[towny44]

It is the highest in 70 years, ie 1951, not since 2019 nor 2020.

Recovering from "the largest fall in GDP possibly since the early part of the 18th Century...1709" i.e. not in 70 years.

Do you derive immense satisfaction from always considering that the UK is in a worse position than the EU, or is it just a desperate need to contradict everyone?

[oldbluefox]

An independent UK or shackled by the EU (and paying for the privilege), I know which one I prefer and on virtually every account the doom-mongers were wrong.

[Kendhni]

It is the highest in 70 years, ie 1951, not since 2019 nor 2020.

Recovering from "the largest fall in GDP possibly since the early part of the 18th Century...1709" i.e. not in 70 years.

However it is still good to hear, along with estimates of unemployment being revised down, interest rates being left, QE not being increased and increased anticipated spending by the public. Overall a very positive statement.

Do you derive immense satisfaction from always considering that the UK is in a worse position than the EU, or is it just a desperate need to contradict everyone?

There was absolutely nothing about the EU in either my or MOBs comment you quoted????

There was an earlier couple of posts in which MOB did a comparison with the EU and I responded in kind explaining that simple numbers did not represent the full picture. If I really wanted to put the UK down I would have compared the lack of progress in the UK with economies such as America and China - but you will remember a post of mine from a few weeks back where I had stated that I expected the UK recovery to take place this year (and, as I said earlier,it is 'good' to see it happening).

Whether or not it is contradicting anyone, facts will always be facts - and the fact is that other major economies, including the EU made a better recovery in 2020 than the UK. The UK now seems to be starting to catchup in 2021, but the fact is that 7.5% does not fully recover it since it actually went down by almost 10%, we need more just to put us back to where we were.

I also took the opportunity to highlight part of my post. However I think Q3 this year could be the most telling when furlough is scheduled to end - there is a possibility that that could lead to recession in the UK. I hope not!

[Manoverboard]

The figures for me represented a feel good feeling, we need that after this past year or more. There may be an underlying reason for it and they may not even prove to be accurate but at this juncture I believe that we all need to hear the good news and not get too bogged down with anything that takes the shine off it.

As for the EU ... no more to say, we are out and I am very happy about that.

[Kendhni]

The figures for me represented a feel good feeling, we need that after this past year or more. There may be an underlying reason for it and they may not even prove to be accurate but at this juncture I believe that we all need to hear the good news and not get too bogged down with anything that takes the shine off it.

As long as it doesn't extend into fantasy land, delusion and fake news. Far too much of that going on. Keep it real .... man!!!

[Manoverboard]

As long as it doesn't extend into fantasy land, delusion and fake news. Far too much of that going on. Keep it real .... man!!!

You mean like predictions of a Labour landslide at the next election

[Kendhni]

As long as it doesn't extend into fantasy land, delusion and fake news. Far too much of that going on. Keep it real .... man!!!

You mean like predictions of a Labour landslide at the next election

Exactly, that and many other examples over the last few years

[Gill W]

Is a County Court Judgement for an unpaid debt something that is viewed with concern?

[Esprit]

A CCJ will cause problems for re-mortgages!

[david63]

Is a County Court Judgement for an unpaid debt something that is viewed with concern?

Not by me, but then it would probably depend on who had the judgement against them, the size of the debt and what the debt was for. In other words all the details that don't make the headlines.

No doubt you will be enlightening us as to who this "debtor" is.

[screwy]

A CCJ can seriously affect your Credit rating.

[Mervyn and Trish]

Is a County Court Judgement for an unpaid debt something that is viewed with concern?

Not by me, but then it would probably depend on who had the judgement against them, the size of the debt and what the debt was for. In other words all the details that don't make the headlines.

No doubt you will be enlightening us as to who this "debtor" is.

Well since the information has come from Gill I imagine we can guess who!

On the assumption my guess is correct, I do wish the opposition would try to dig up some policy ideas for a change rather than dirt on their opponents.

[Manoverboard]

It is not the debt that is the real issue in this instance but the ' reported fact ' that it wasn't declared ... or so I believe.

[Gill W]

Is a County Court Judgement for an unpaid debt something that is viewed with concern?

Not by me, but then it would probably depend on who had the judgement against them, the size of the debt and what the debt was for. In other words all the details that don't make the headlines.

No doubt you will be enlightening us as to who this "debtor" is.

Well since the information has come from Gill I imagine we can guess who!

On the assumption my guess is correct, I do wish the opposition would try to dig up some policy ideas for a change rather than dirt on their opponents.

Your imagination is probably correct regarding the subject of this report. But it hasn’t come from the ‘opposition’. It was first reported in the Private Eye, and for those who only get their news from the BBC it has just been reported on the one o’clock news.

CCJ’s are a big deal. A person with an unsatisfied CCj will not get a mortgage or a loan, and won’t get certain types of jobs. People already in these jobs jobs have to report a CCJ to their employers under the terms of their contract.. Working for a bank, I would have needed to tell my employers about any CCj against me, as a person with financial problems is seen
as a heightened security risk.

If the report in the Private Eye about Boris Johnson is correct, this is a problem. A person in a position of trust and influence with chaotic finances is a security risk.

I would hope everybody would see this as a concern, and not one of these things where shoulders are shrugged and ‘oh it’s Boris, leave him alone’ is said.

[Gill W]

It is not the debt that is the real issue in this instance but the ' reported fact ' that it wasn't declared ... or so I believe.

Both are issues in my view,

There’s the non declaration, but there’s also the issue that the person in control of the country can’t control his personal finances.

[david63]

Out of interest when was this CJJ?

[Manoverboard]

It is not the debt that is the real issue in this instance but the ' reported fact ' that it wasn't declared ... or so I believe.

Both are issues in my view,

There’s the non declaration, but there’s also the issue that the person in control of the country can’t control his personal finances.

Not a particular issue for me ... I assume that Gordon Brown had control over his own finances

[Manoverboard]

Out of interest when was this CJJ?

October regarding £535, maybe it was a purchase for wallpaper paste