I posted this on TikTok this morning. The video discusses Rachel Reeves' claim that she is bound by fiscal rules that she has made up.
@richardjmurphy
This afternoon I discussed another false claim by Reeves. This time it is the claim that we cannot afford to nationalise water because ‘taxpayer money' is not available to pay for it:
@richardjmurphy Nationalising Water Labour says it cannot nationalise failing water companies because it will cost far too much ‘taxpayer's money'. They clearly do not understand the lessons from their own history. In 1947 not a penny was paid for the railways, mines and steel industry they nationalised. They paid with government bonds and no cash changed hands. They could do that again now. #thameswater #labourparty #uk
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The videos in electoral terms are “HIMARs time” – thank you very very much.
They will be deployed (is that OK?) by a range of doorstep troops trying to show that we don’t need a government by invertebrates and that indeed UK citizens could enjoy a wide range of quite affordable goods/services – owned & provided by (a civilised) government.
Ace. Thanks.
Speaking of invertebrates – the G’ is asking readers to nominate their favourite invertebrate – sadly – premoderated – can’t think why.
Feel free
I had to look HIMARS up
I have 80 more sketched out, so far
Excellent.
Indy web site on its way – I will link to all of them.
Thanks Mike
Are these going to be posted anywhere else? There’s no way I’m going to allow Bytedance access to my phone.
We have realised we need to put them all on YouTube
We are also working out how to index them
It’s almost like you don’t understand what government debt is. That issuing it has a cost etc.
Fortunately, the adults in charge do know.
I know exactly what it is
There is no national debt
There are the sums people want to, willingly and gratefully, deposit with the government, who offer the greatest security for saved funds.
‘There is no national debt’
The world of economics and finance thinks differently. You know, the ones who are paid to understand this stuff.
There are deposits held with the government. Why describe that as debt when the depositors do not want it repaid?
Being out of step with the mainstream is how change happens. But I guess you don’t know that.
“There are deposits held with the government. Why describe that as debt when the depositors do not want it repaid?”
I own the Treasury 0.25% 2025 Gilts, and I definitely want all money repaid in full on the maturity date on 31st January 2025. I am certain others holders will too so that is a debt of £3.5bn that needs to be repaid in 9 months time. Of course it is debt.
Sure, just as I want my building society to repay me at the end of my term
But, does that make it a debt that we need to panic about repaying? No, not at all. I know the government can repay you as much as I believe my buidling society can repay me, so to cast this as debt when it is actually a proactively managed savings facilty that is not required to fund any government acticvity (as QE proved) is absurd.
But people like you like the absurd and none of you can see the double entry in such things.
Mr Purviss, I suggest that you start reading “Late Soviet Britain”.
If you did you would realise that there have been no “adults in charge” since circa 1979.
Plenty of nutters and wierdo ideologues – but adults – nope.
Excellent.
Are these also on Instagram? If so, what’s the account name/handle?
We could do it, but the return for effort appears very low. Are you keen? My account is richardjmurphy
Thanks. I don’t use Tik Tok over data concerns but I’m likely in the minority over that. Regular Instagram user – I do see the irony in this too
I might not agree with you on the cost of taking Thames Water into public ownership… but I think we would agree that we can afford it even at my suggested price.
(And not just Thames – we can do it for all water companies)
Happy to agree on that
Richard,
Just watched both videos and enjoyed them. Wish they had been a little longer but short length serves the purpose.
Really enjoyed the new podcast. Watched it twice then shared it with friends.
Keep up the good work for the good fight!
Short is watched is what the metrics are telling us….with the ratios massively in their favour.
The railways were nationalised just after the end of a very expensive six-year war. It took place in the same year that the NHS was established.
Governments now seem to be unable to ‘do the big things’.
Agreed