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Thread: Brexit thread 2 Electric Boogaloo

  1. #351
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    Quote Originally Posted by Balinkay View Post
    Aaah, is this the infamous Norwegian oil fund? I heard they're tanking deeply into it to subsidise electric car purchases.
    Could be, I've not heard of this. Any links available?

  2. #352
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    Quote Originally Posted by redebreck View Post
    Could be, I've not heard of this. Any links available?
    Think I first heard it here:

    Etiamsi omnes, ego non

  3. #353
    So it's Norway's fault that we are destroying ocean life by deep sea mining for the precious metals necessary to build more electric cars so we can reduce carbon emissions and save the planet? The world's gone mad.

  4. #354
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    Quote Originally Posted by Balinkay View Post
    Think I first heard it here:

    yes, that's it.
    just imagine, the UK could have had a fund like that if the Tories hadn't squandered it.
    criminal, isn't it?

    (I used to think the tories sold it to their cronies - looking at these articles I was wrong, they just wasted it on short-term stuff)

    nice to hear btw that most of their (Norwegian) electricity is produced from hydro.

    https://www.heraldscotland.com/news/16976267.heseltine-thatcher-blew-uks-north-sea-oil-windfall/

    https://www.bbc.co.uk/news/business-19871411

    https://www.thenational.scot/news/15629769.how-westminster-plundered-the-north-sea-and-sold-out-generations-of-scots/

    https://www.newstatesman.com/politics/2013/04/thatcher-and-north-sea-oil-%E2%80%93-failure-invest-britain%E2%80%99s-future

    https://www.dailyrecord.co.uk/news/politics/britain-gained-300billion-tax-north-6390332
    snippets:
    "The increasing oil revenue to the UK in the 1980s drove up the sterling exchange rate, making much of British industry uncompetitive. Unemployment increased as a result, exceeding three million people out of work in 1984, and some of the extra tax revenue from oil paid unemployment benefits.

    The oil revenues allowed the top rate of income tax to be reduced from 60p to 40p by 1988 and much of the extra income ended up creating a boom in house prices.

    There were politicians, even within Margaret Thatcher’s Conservative Party, who felt the funds would have been better used to modernise British industry and improve the transport infrastructure.

    The previous Labour government had mooted the idea of setting up an oil fund, but this idea got tangled up with infighting within the party and it never happened.

    An oil fund was established by the Norwegian government in 1990 and as of 2015 it holds £549billion invested in 1.3 per cent of the entire global equity market, including 2.5 per cent of Europe’s listed companies. By comparison, there had been no effective political planning to handle the windfall of North Sea oil in the UK other than short-term economic and political expediency."
    Last edited by redebreck; 14th November 2019 at 01:18 AM.
    There's too much confusion, I can't get no relief

  5. #355
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    Ouch. Politics is a dirty business.
    Etiamsi omnes, ego non

  6. #356
    Ever seen the uk debt clock... how many trillion ?

    Britain is not great.

    Not because of immigration
    Not because of the NHS

    It's because of the past 40 years GOVERNMENTs totally misunderstanding future planning.

  7. #357
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    Quote Originally Posted by dicko1969 View Post
    Ever seen the uk debt clock... how many trillion ?

    Britain is not great.

    Not because of immigration
    Not because of the NHS

    It's because of the past 40 years GOVERNMENTs totally misunderstanding future planning.
    And it could have been avoided..

  8. #358
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    Quote Originally Posted by redebreck View Post
    And it could have been avoided..
    I think you'll find that ALL government spending is entirely unavoidable, and ALWAYS for the benefit of the people of the UK.

    This article should illustrate that nicely. ;-)

    https://newsthump.com/2019/11/18/children-in-need-celebrates-raising-less-than-half-the-cost-of-boris-johnsons-aborted-get-ready-for-brexit-ad-campaign/

  9. #359
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    Quote Originally Posted by redebreck View Post
    And it could have been avoided..
    Quote Originally Posted by Clungeman View Post
    I think you'll find that ALL government spending is entirely unavoidable, and ALWAYS for the benefit of the people of the UK.

    This article should illustrate that nicely. ;-)

    https://newsthump.com/2019/11/18/children-in-need-celebrates-raising-less-than-half-the-cost-of-boris-johnsons-aborted-get-ready-for-brexit-ad-campaign/
    What I meant was, the oil fund would have covered a decent amount of the spending.

    UK government constantly gets itself/the people in a shit and then has to spend a shit load of money to sort things out.
    Lack of forward planning is the root of a lot of it.

  10. #360
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    Politicians only care about the here and now because they know that they won't be around/in power for long. First and foremost they do as much as they can in the time they get to feather their own nest, and secondly they make short term decisions because they know they won't be around to deal with any of the consequences that arise from any of them.

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