yattongas
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Post by yattongas on Jan 7, 2024 19:54:38 GMT
Didn’t they sell BP for something like £7billion and since then it’s made more than £400 billion in profits.
Tory economics 🙄🇬🇧
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Post by gulfofaden on Jan 8, 2024 5:55:03 GMT
Didn’t they sell BP for something like £7billion and since then it’s made more than £400 billion in profits. Tory economics 🙄🇬🇧 Sold £7.5BN in 1979 which is £38BN in today’s money. This was 44 years ago. When selling shareholdings you don’t usually price on a 44 year duration.. Also, the profits made since then don’t relate entirely to this holding, unless UK gov held the entire company (which I don’t think they did). Also there’s the matter of share buybacks, placing and the complicated landscape of subsidiaries. The price sold would have been the market price of the day which would have priced in the risk premium, growth etc. Governments of all hues have sold off national interests to raise funds. I don’t know about about this particular sale to offer an opinion, just merely want to challenge the financially illiterate and bad-faith accounting which you appear to have fallen victim to. But “Tory economics” eh? Socialist economics can’t clearly account for inflation but I’m sure a new 400 person committee with diverse representation and inclusivity could be formed to agree a tolerant way to use a calculator (hopefully this will actually work for a bit before the inevitable industrial action due to some members working over 25 hours a week) |
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yattongas
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Post by yattongas on Jan 8, 2024 8:04:05 GMT
Didn’t they sell BP for something like £7billion and since then it’s made more than £400 billion in profits. Tory economics 🙄🇬🇧 Sold £7.5BN in 1979 which is £38BN in today’s money. This was 44 years ago. When selling shareholdings you don’t usually price on a 44 year duration.. Also, the profits made since then don’t relate entirely to this holding, unless UK gov held the entire company (which I don’t think they did). Also there’s the matter of share buybacks, placing and the complicated landscape of subsidiaries. The price sold would have been the market price of the day which would have priced in the risk premium, growth etc. Governments of all hues have sold off national interests to raise funds. I don’t know about about this particular sale to offer an opinion, just merely want to challenge the financially illiterate and bad-faith accounting which you appear to have fallen victim to. But “Tory economics” eh? Socialist economics can’t clearly account for inflation but I’m sure a new 400 person committee with diverse representation and inclusivity could be formed to agree a tolerant way to use a calculator (hopefully this will actually work for a bit before the inevitable industrial action due to some members working over 25 hours a week) Morning Gulf ! 😂👍 Did you get an abacus for Christmas? |
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Post by supergas on Jan 10, 2024 9:14:24 GMT
Didn’t they sell BP for something like £7billion and since then it’s made more than £400 billion in profits. Tory economics 🙄🇬🇧 BP did a series of things when it was privatised that massively improved both it's results and how it was run in many ways on many levels. It got rid of layers of management it didn't need (effectively civil servants on big wages but contributing little). It reduced risks (both financial and physical) by selling unprofitable parts of the business and investing in more modern production techniques. It could make big and profitable decisions as it was now private and not publicly owned. So why did it take privatisation to turn what was often a loss-making state oil company into a profitable global company? You can judge for yourself, but it was a bloated and unprofitable business under governments of both political persuasions for years, so the only key factor was taking it away from the civil service and the political influence/drag... Incidentally, the government still profits from BP's success via corporation tax, income taxes, national insurance payments, licensing, VAT and probably lots more taxes and charges that don't immediately spring to mind... |
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Post by Gassy on Jan 10, 2024 13:24:42 GMT
This post office stuff is really p*ssing me off. The Tories are truly a disgrace.
A government institution under their watch, the government/public body are the ones who sentences the victims to jail time, the government are the ones who paid out the appalling and underpaid claims to protect the image of the post office. All of this happened under the Tory watch.
But now theres been a TV series on it, they're pretending to be outraged like they had no idea the entire time.
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Post by stuart1974 on Jan 10, 2024 13:43:24 GMT
This post office stuff is really p*ssing me off. The Tories are truly a disgrace. A government institution under their watch, the government/public body are the ones who sentences the victims to jail time, the government are the ones who paid out the appalling and underpaid claims to protect the image of the post office. All of this happened under the Tory watch. But now theres been a TV series on it, they're pretending to be outraged like they had no idea the entire time. It's all Ed Davey's fault (yes, he probably does have questions to answer, but the clamour to pass the buck for political advantage is so obvious). |
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Post by francegas on Jan 10, 2024 16:01:37 GMT
This post office stuff is really p*ssing me off. The Tories are truly a disgrace. A government institution under their watch, the government/public body are the ones who sentences the victims to jail time, the government are the ones who paid out the appalling and underpaid claims to protect the image of the post office. All of this happened under the Tory watch. But now theres been a TV series on it, they're pretending to be outraged like they had no idea the entire time. Sorry Gassy that is utter nonsense. Talk about political point scoring. The Post Office scandal didn't start in 2010 with the Tories. Under which government was the Horizon system implemented ? Who was PM that continued with its rollout despite being advised of potential flaws ? Under which government did prosecutions of sub postmasters start ? Who was the DPP at the time and could have intervened when these prosecutions started had he so wanted ? Who was Sir Ed Davey working for on the side at the time of the prosecutions? Who ignored constant requests from their constituents for help and to look into this matter ? You conveniently forget about this despite politicians from all sides having said this scandal has been going on for 25 years . |
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yattongas
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Post by yattongas on Jan 10, 2024 16:25:04 GMT
This post office stuff is really p*ssing me off. The Tories are truly a disgrace. A government institution under their watch, the government/public body are the ones who sentences the victims to jail time, the government are the ones who paid out the appalling and underpaid claims to protect the image of the post office. All of this happened under the Tory watch. But now theres been a TV series on it, they're pretending to be outraged like they had no idea the entire time. Sorry Gassy that is utter nonsense. Talk about political point scoring. The Post Office scandal didn't start in 2010 with the Tories. Under which government was the Horizon system implemented ? Who was PM that continued with its rollout despite being advised of potential flaws ? Under which government did prosecutions of sub postmasters start ? Who was the DPP at the time and could have intervened when these prosecutions started had he so wanted ? Who was Sir Ed Davey working for on the side at the time of the prosecutions? Who ignored constant requests from their constituents for help and to look into this matter ? You conveniently forget about this despite politicians from all sides having said this scandal has been going on for 25 years . They knew there was problems in the centralised accounting software from 2010 forwards . Who’s been in government since then out of interest? |
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Post by francegas on Jan 10, 2024 16:29:35 GMT
Sorry Gassy that is utter nonsense. Talk about political point scoring. The Post Office scandal didn't start in 2010 with the Tories. Under which government was the Horizon system implemented ? Who was PM that continued with its rollout despite being advised of potential flaws ? Under which government did prosecutions of sub postmasters start ? Who was the DPP at the time and could have intervened when these prosecutions started had he so wanted ? Who was Sir Ed Davey working for on the side at the time of the prosecutions? Who ignored constant requests from their constituents for help and to look into this matter ? You conveniently forget about this despite politicians from all sides having said this scandal has been going on for 25 years . They knew there was problems in the centralised accounting software from 2010 forwards . Who’s been in government since then out of interest? They knew there were flaws in the system before it was rolled out. Who was in government then out of interest? I'm not blaming one political party as this scandal has been ongoing for 25 years. |
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yattongas
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Post by yattongas on Jan 10, 2024 16:36:43 GMT
They knew there was problems in the centralised accounting software from 2010 forwards . Who’s been in government since then out of interest? They knew there were flaws in the system before it was rolled out. Who was in government then out of interest? I'm not blaming one political party as this scandal has been ongoing for 25 years. Nope , you’re trying to apportion blame equally between your mob who’ve been in power for 13/14 yrs and Labour . 🙄 Also your mob are shamelessly trying to hang out to dry Ed Davey . |
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yattongas
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Post by yattongas on Jan 10, 2024 16:40:22 GMT
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Post by francegas on Jan 10, 2024 16:46:49 GMT
They knew there were flaws in the system before it was rolled out. Who was in government then out of interest? I'm not blaming one political party as this scandal has been ongoing for 25 years. Nope , you’re trying to apportion blame equally between your mob who’ve been in power for 13/14 yrs and Labour . 🙄 Also your mob are shamelessly trying to hang out to dry Ed Davey . 🙄 Give me strength, you do talk nonsense at times (actually most if the time) Yatton. Where are the tories trying to hang him out to dry? Ed Davey refused to meet Alan Bates. Ed Davey refused to meet his constituents who tried to approach him one who returned from India having tried to take his own life. Ed Davey worked and earned a fortune from the Law firm hired to prosecute the sub postmasters. These are facts. I'm not reading this from tories putting all the blame on him. |
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Post by Gassy on Jan 10, 2024 16:48:57 GMT
This post office stuff is really p*ssing me off. The Tories are truly a disgrace. A government institution under their watch, the government/public body are the ones who sentences the victims to jail time, the government are the ones who paid out the appalling and underpaid claims to protect the image of the post office. All of this happened under the Tory watch. But now theres been a TV series on it, they're pretending to be outraged like they had no idea the entire time. Sorry Gassy that is utter nonsense. Talk about political point scoring. The Post Office scandal didn't start in 2010 with the Tories. Under which government was the Horizon system implemented ? Who was PM that continued with its rollout despite being advised of potential flaws ? Under which government did prosecutions of sub postmasters start ? Who was the DPP at the time and could have intervened when these prosecutions started had he so wanted ? Who was Sir Ed Davey working for on the side at the time of the prosecutions? Who ignored constant requests from their constituents for help and to look into this matter ? You conveniently forget about this despite politicians from all sides having said this scandal has been going on for 25 years . I dont know half the answers to the questions you pose. Do you know all of them with dates? I have no political association on this front, i'd be just as scathing if it was Labour. I think there is a different between a government who implemented the system (which may or may not have been working at the time, I dont know) Vs a government who paid out and were fully aware of the problems - but only jumped on the bandwagon after a TV show came out. Shame on that labour government for not pursuing justice. However - did they know of the fault at the time? My assumption is no. But since 2010, we absolutely have. And the government have been very involved in paying the victims, but not seeking justice. That is entirely on the Tory party - surely you can't deny that? But now there's a TV show out, they're pretending to be the heroes of the story, like they weren't aware of the issue. And its a disgrace. |
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yattongas
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Post by yattongas on Jan 10, 2024 16:53:50 GMT
Nope , you’re trying to apportion blame equally between your mob who’ve been in power for 13/14 yrs and Labour . 🙄 Also your mob are shamelessly trying to hang out to dry Ed Davey . 🙄 Give me strength, you do talk nonsense at times (actually most if the time) Yatton. Where are the tories trying to hang him out to dry? Ed Davey refused to meet Alan Bates. Ed Davey refused to meet his constituents who tried to approach him one who returned from India having tried to take his own life. Ed Davey worked and earned a fortune from the Law firm hired to prosecute the sub postmasters. These are facts. I'm not reading this from tories putting all the blame on him. You obviously don’t listen to a lot of British media then 🙄 As for talking nonsense, you’ve got a gold medal matey ! |
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Post by stuart1974 on Jan 10, 2024 20:08:19 GMT
Which is least concerning? 😃
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Post by oldie on Jan 10, 2024 20:22:52 GMT
Which is least concerning? 😃 Satan |
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Post by stuart1974 on Jan 10, 2024 20:59:09 GMT
People actually fall for this?
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yattongas
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Post by yattongas on Jan 10, 2024 21:24:01 GMT
People actually fall for this? Plenty of Tory voters do . I’d bet France does as well. |
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Post by aghast on Jan 10, 2024 22:12:57 GMT
Which is least concerning? 😃 Not surprised to see Satan coming out of retirement. He's obviously inspired by all the nutters in charge at the moment. Should stand a good chance of being nominated for a safe Tory seat. |
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Post by stuart1974 on Jan 11, 2024 13:24:18 GMT
Watched Politics Live yesterday. The Conservative Home (?) representative made a prediction that Labour will get a majority of 40-60 depending on how bad the SNP implosion is.
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