Called eating the seedcorn, Matey

The NHS desperately needs competition. If an organisation is publicly funded regardless of performance, the management end up doing whatever takes their fancy. Hence the weird stance on the made up category of “transgender”.
Mrs Grist was a teacher for 40 years and came across one girl who wanted to be a boy. Thank God her parents were “far-right fascists” and pandered to her desires only to the extent of buying her a catapult which resulted in a few broken windows…

It’s my money and I will decide what to do with it. Where does he get off thinking any pile of money belonging to someone else is his to dispose of without accountability? People have their own plans for their own money. I’ll piss it up the all if I want, not give it to the guv for them to waste.

So he’s proposing outright robbery on a scale never seen before..
Not even the old Communists were crazy enough to try that…

But what if those folks whose money liebour was ‘investing’ wanted their money back? He had rather a lot to say about Northern Rock recently didn’t he?

I think there’s already a mechanism for the government to attract those “idle” savings. People would purchase something from the government and get an income stream, then eventually get the money back – or purchase another such thing.

Oh yes – it’s called a “bond”. It’s been around for centuries now.

I suppose his innovation would be that you never get your money back, and possibly you don’t get the income stream either. Such a deal!

In a way Spud’s wet dream has already come to pass.
The Swiss had negative interest rates – i.e. you had to pay the gummint to store your money.
There was a chance of getting it back though.

I really can’t face the prospect of watching him, its hard enough reading him, but is he referring to so called dormant accounts or does he really mean all savings?

Not that that makes it any better, its still someone’s money and its being put to better use in a bank than with government.

In it I argue that Labour says there is no money to invest in schools,

We’re now seeing the results of the Blair/Brown investment in edyukashun, edyukashun, edyukashun and it has been a failure.

What we need is less money spent on education and that will be achieved by shutting down at 80% of universities and letting kids leave school at 14 and I don’t care if its just to sit picking their noses and playing computer games.

“But hundreds of billions of savings lie idle in bank accounts.”

I’d long since given up looking too much at Spud threads – mental faculties and all that – but this plumbs new depths. “hundreds of billions” means he’s talking about general deposit accounts. “lie idle” – no they fucking well do not; you’re supposed to be a chartered accountant.

At which point, he’s either a lying parasitic Marxist kleptocrat or a complete kcufing retard. This isn’t healthy – I think I’ll go back to ignoring loony spud threads.

“..going back to us storing the money under the floorboards or the mattress again…”

Which is precisely why he’s in favour of Central Bank Digital Currencies, of course.

I doubt he sees the implications. If commerce moves to digital currency, commerce can be done in any digital currency the parties agree to. There’s no reason it has to be the UK one. It would be entirely possible to move commerce outside UK jurisdiction altogether. That the UK government couldn’t collect levy taxes on it would be inconvenient. To the UK government.

@BiS You know that the first thing he’d do would be to make transactions he considers to be “in the UK” ( and quite a wide definition of “in” it would be.. ) mandatory in e-Pounds.
Same trick the east-block used with their scrip.

Same that he would immediately demand the Firewall of Firewalls to be erected to ensure people and companies in the UK ( again according to his definition of “in”..) could not possibly arrange transactions in other than e-Pounds.
Or have access to anything other than what he approves of..
He’d try to out-chinese the Chinese..

And, of course, when everything comes crashing down after 6 months to a year through hyperinflation and absolutely no-one willing to trade officially with the UK anymore, and the starving masses are baying for his blood, he’ll still be of the opinion that his ideas were right, it was just wrongly implemented by his underlings..

He’s just that kind of person..
And the worst part is, that he must have an influential following somewhere amongst the Politicians and Civil Servantry, because he remains employed as a “Professor” and gets cast in public broadcasts for his Opinion.
Spud is a blustering idiot, but he is propped up by actual traitors to the UK and what it once stood for who make active use of that idiot. And people fall for it…

BiND, I think that was me. It was in reference to Spud breaking out the Venn diagrams again and her love of them. Given the word salads they both spew, you would think Spud was her brother from another mother.