LEAVE the Conservative Party and save your country!
Comments
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Fair enough, although you probably don't need to be a total liberal given some of your suggestions in the Coronavirus thread. I'm thinking something like this:rick_chasey said:
I think we could all agree the popularity contest part of being president, which, let's face it, is not immaterial to the job, would be a real challenge for me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
My temper would also be tricky. Leaders do not lose their cool and/or rag. That and I wouldn't want the work, wouldn't enjoy it, and would rather see someone more capable doing it.
I'm quite happy to know what's best in a leader but recognise I'm not it. UK should have a deep enough skillset to have someone better than compulsive pleaser BJ.
When he promises "it'll be over by Christmas' all I can see is the same guy saying to the newly pregnant mistress with all sincerity that he'll be there as a father before skulking off because 6 months down the road when his priorities have changed.
https://youtu.be/Rc9BGSsU_ZU "I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Problem is, governing isn't really his area either though. And especially through a crisis, he's not the right person.Stevo_666 said:
No idea, but not really my area and IMO its a poisoned chalice. Do you really think you could do better?surrey_commuter said:
Do you not think you could have done a better job than Boris?Stevo_666 said:
But if you read this and the Coronavirus thread, they're convinced that they can do it better. What's the worst that can happen.....?briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
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You've certainly got the leniency with the truth bit that is a prerequisite for being an MP.rick_chasey said:
I think we could all agree the popularity contest part of being president, which, let's face it, is not immaterial to the job, would be a real challenge for me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
My temper would also be tricky. Leaders do not lose their cool and/or rag. That and I wouldn't want the work, wouldn't enjoy it, and would rather see someone more capable doing it.
I'm quite happy to know what's best in a leader but recognise I'm not it. UK should have a deep enough skillset to have someone better than compulsive pleaser BJ.
When he promises "it'll be over by Christmas' all I can see is the same guy saying to the newly pregnant mistress with all sincerity that he'll be there as a father before skulking off because 6 months down the road when his priorities have changed.0 -
Haha. How do you think he meant it? Why say Christmas at all?TheBigBean said:
You've certainly got the leniency with the truth bit that is a prerequisite for being an MP.rick_chasey said:
I think we could all agree the popularity contest part of being president, which, let's face it, is not immaterial to the job, would be a real challenge for me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
My temper would also be tricky. Leaders do not lose their cool and/or rag. That and I wouldn't want the work, wouldn't enjoy it, and would rather see someone more capable doing it.
I'm quite happy to know what's best in a leader but recognise I'm not it. UK should have a deep enough skillset to have someone better than compulsive pleaser BJ.
When he promises "it'll be over by Christmas' all I can see is the same guy saying to the newly pregnant mistress with all sincerity that he'll be there as a father before skulking off because 6 months down the road when his priorities have changed.0 -
This came out before I was born, and is closer to the end of ww2 than we are to it.Stevo_666 said:
Fair enough, although you probably don't need to be a total liberal given some of your suggestions in the Coronavirus thread. I'm thinking something like this:rick_chasey said:
I think we could all agree the popularity contest part of being president, which, let's face it, is not immaterial to the job, would be a real challenge for me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
My temper would also be tricky. Leaders do not lose their cool and/or rag. That and I wouldn't want the work, wouldn't enjoy it, and would rather see someone more capable doing it.
I'm quite happy to know what's best in a leader but recognise I'm not it. UK should have a deep enough skillset to have someone better than compulsive pleaser BJ.
When he promises "it'll be over by Christmas' all I can see is the same guy saying to the newly pregnant mistress with all sincerity that he'll be there as a father before skulking off because 6 months down the road when his priorities have changed.https://youtu.be/Rc9BGSsU_ZU0 -
absolutelyStevo_666 said:
No idea, but not really my area and IMO its a poisoned chalice. Do you really think you could do better?surrey_commuter said:
Do you not think you could have done a better job than Boris?Stevo_666 said:
But if you read this and the Coronavirus thread, they're convinced that they can do it better. What's the worst that can happen.....?briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.0 -
If I was Ric's Chancellor the first thing he would do is sack me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
Your politics are closer to his than mine so you can have the job0 -
You can't be a free marketer and then chose to ignore the market re debt, SC. It's just not consistent.surrey_commuter said:
If I was Ric's Chancellor the first thing he would do is sack me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
Your politics are closer to his than mine so you can have the job0 -
you don't think the BofE is distorting the market?rick_chasey said:
You can't be a free marketer and then chose to ignore the market re debt, SC. It's just not consistent.surrey_commuter said:
If I was Ric's Chancellor the first thing he would do is sack me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
Your politics are closer to his than mine so you can have the job0 -
Possibly, but you think the other market participants don't see that?surrey_commuter said:
you don't think the BofE is distorting the market?rick_chasey said:
You can't be a free marketer and then chose to ignore the market re debt, SC. It's just not consistent.surrey_commuter said:
If I was Ric's Chancellor the first thing he would do is sack me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
Your politics are closer to his than mine so you can have the job
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like the pension funds who the Govt forces to buy gilts?rick_chasey said:
Possibly, but you think the other market participants don't see that?surrey_commuter said:
you don't think the BofE is distorting the market?rick_chasey said:
You can't be a free marketer and then chose to ignore the market re debt, SC. It's just not consistent.surrey_commuter said:
If I was Ric's Chancellor the first thing he would do is sack me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
Your politics are closer to his than mine so you can have the job
you can not think that I would be a good Chancellor for you? it would be good for the economy but scupper your political objectives.0 -
Oh no, what have I started?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
They force them to buy gilts? You might have to talk me through that as it's new to me.surrey_commuter said:
like the pension funds who the Govt forces to buy gilts?rick_chasey said:
Possibly, but you think the other market participants don't see that?surrey_commuter said:
you don't think the BofE is distorting the market?rick_chasey said:
You can't be a free marketer and then chose to ignore the market re debt, SC. It's just not consistent.surrey_commuter said:
If I was Ric's Chancellor the first thing he would do is sack me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
Your politics are closer to his than mine so you can have the job
you can not think that I would be a good Chancellor for you? it would be good for the economy but scupper your political objectives.
We disagree fundamentally on the mechanics and role of fiscal policy in the wider economy, so that is rather tricky.
Then again, perhaps that disagreement would be good so neither of us go too far one way or the other.0 -
True, but it's still kinda relevant as it has a short bloke in a long leather coat telling people how to behave and an annoying bloke called Rik getting told to shut uprick_chasey said:
This came out before I was born, and is closer to the end of ww2 than we are to it.Stevo_666 said:
Fair enough, although you probably don't need to be a total liberal given some of your suggestions in the Coronavirus thread. I'm thinking something like this:rick_chasey said:
I think we could all agree the popularity contest part of being president, which, let's face it, is not immaterial to the job, would be a real challenge for me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
My temper would also be tricky. Leaders do not lose their cool and/or rag. That and I wouldn't want the work, wouldn't enjoy it, and would rather see someone more capable doing it.
I'm quite happy to know what's best in a leader but recognise I'm not it. UK should have a deep enough skillset to have someone better than compulsive pleaser BJ.
When he promises "it'll be over by Christmas' all I can see is the same guy saying to the newly pregnant mistress with all sincerity that he'll be there as a father before skulking off because 6 months down the road when his priorities have changed.https://youtu.be/Rc9BGSsU_ZU
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]1 -
I can't be bothered to find the quote, but he really didn't promise it will all be over by Christmas. I think he said hopefully and November/Christmas at the earliest, and that we needed to prepare for worse.rick_chasey said:
Haha. How do you think he meant it? Why say Christmas at all?TheBigBean said:
You've certainly got the leniency with the truth bit that is a prerequisite for being an MP.rick_chasey said:
I think we could all agree the popularity contest part of being president, which, let's face it, is not immaterial to the job, would be a real challenge for me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
My temper would also be tricky. Leaders do not lose their cool and/or rag. That and I wouldn't want the work, wouldn't enjoy it, and would rather see someone more capable doing it.
I'm quite happy to know what's best in a leader but recognise I'm not it. UK should have a deep enough skillset to have someone better than compulsive pleaser BJ.
When he promises "it'll be over by Christmas' all I can see is the same guy saying to the newly pregnant mistress with all sincerity that he'll be there as a father before skulking off because 6 months down the road when his priorities have changed.0 -
"It is my strong and sincere hope that we will be able to review the outstanding restrictions and allow a more significant return to normality from November at the earliest - possibly in time for Christmas,"
Which (as he knew it would) becomes:
https://www.thepaperboy.com/uk/2020/07/18/front-pages-archive.cfm0 -
Sure, I know the quote, I just wondered what you think he meant by it if it wasn't that.TheBigBean said:
I can't be bothered to find the quote, but he really didn't promise it will all be over by Christmas. I think he said hopefully and November/Christmas at the earliest, and that we needed to prepare for worse.rick_chasey said:
Haha. How do you think he meant it? Why say Christmas at all?TheBigBean said:
You've certainly got the leniency with the truth bit that is a prerequisite for being an MP.rick_chasey said:
I think we could all agree the popularity contest part of being president, which, let's face it, is not immaterial to the job, would be a real challenge for me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
My temper would also be tricky. Leaders do not lose their cool and/or rag. That and I wouldn't want the work, wouldn't enjoy it, and would rather see someone more capable doing it.
I'm quite happy to know what's best in a leader but recognise I'm not it. UK should have a deep enough skillset to have someone better than compulsive pleaser BJ.
When he promises "it'll be over by Christmas' all I can see is the same guy saying to the newly pregnant mistress with all sincerity that he'll be there as a father before skulking off because 6 months down the road when his priorities have changed.
I'll say it again, why bother even mentioning a date?0 -
I don't think Boris can be blamed for shoddy journalism unless it is some of stuff he penned himself.kingstongraham said:"It is my strong and sincere hope that we will be able to review the outstanding restrictions and allow a more significant return to normality from November at the earliest - possibly in time for Christmas,"
Which (as he knew it would) becomes:
https://www.thepaperboy.com/uk/2020/07/18/front-pages-archive.cfm0 -
I think he meant that he hoped things would be normal by Christmas. It's a long way from promising it.rick_chasey said:
Sure, I know the quote, I just wondered what you think he meant by it if it wasn't that.TheBigBean said:
I can't be bothered to find the quote, but he really didn't promise it will all be over by Christmas. I think he said hopefully and November/Christmas at the earliest, and that we needed to prepare for worse.rick_chasey said:
Haha. How do you think he meant it? Why say Christmas at all?TheBigBean said:
You've certainly got the leniency with the truth bit that is a prerequisite for being an MP.rick_chasey said:
I think we could all agree the popularity contest part of being president, which, let's face it, is not immaterial to the job, would be a real challenge for me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
My temper would also be tricky. Leaders do not lose their cool and/or rag. That and I wouldn't want the work, wouldn't enjoy it, and would rather see someone more capable doing it.
I'm quite happy to know what's best in a leader but recognise I'm not it. UK should have a deep enough skillset to have someone better than compulsive pleaser BJ.
When he promises "it'll be over by Christmas' all I can see is the same guy saying to the newly pregnant mistress with all sincerity that he'll be there as a father before skulking off because 6 months down the road when his priorities have changed.
I'll say it again, why bother even mentioning a date?0 -
I know what he meant, I'm digging at why he said it the way he did.TheBigBean said:
I think he meant that he hoped things would be normal by Christmas. It's a long way from promising it.rick_chasey said:
Sure, I know the quote, I just wondered what you think he meant by it if it wasn't that.TheBigBean said:
I can't be bothered to find the quote, but he really didn't promise it will all be over by Christmas. I think he said hopefully and November/Christmas at the earliest, and that we needed to prepare for worse.rick_chasey said:
Haha. How do you think he meant it? Why say Christmas at all?TheBigBean said:
You've certainly got the leniency with the truth bit that is a prerequisite for being an MP.rick_chasey said:
I think we could all agree the popularity contest part of being president, which, let's face it, is not immaterial to the job, would be a real challenge for me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
My temper would also be tricky. Leaders do not lose their cool and/or rag. That and I wouldn't want the work, wouldn't enjoy it, and would rather see someone more capable doing it.
I'm quite happy to know what's best in a leader but recognise I'm not it. UK should have a deep enough skillset to have someone better than compulsive pleaser BJ.
When he promises "it'll be over by Christmas' all I can see is the same guy saying to the newly pregnant mistress with all sincerity that he'll be there as a father before skulking off because 6 months down the road when his priorities have changed.
I'll say it again, why bother even mentioning a date?0 -
Pretty obvious to me it was an aim/aspiration with the usual caveats that we don't have a crystal ball."I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0
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Govt set rules on capital adequacy which "forces" them to buy gilts, which depresses the yield curve which forces them to buy more gilts.rick_chasey said:
They force them to buy gilts? You might have to talk me through that as it's new to me.surrey_commuter said:
like the pension funds who the Govt forces to buy gilts?rick_chasey said:
Possibly, but you think the other market participants don't see that?surrey_commuter said:
you don't think the BofE is distorting the market?rick_chasey said:
You can't be a free marketer and then chose to ignore the market re debt, SC. It's just not consistent.surrey_commuter said:
If I was Ric's Chancellor the first thing he would do is sack me.Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
Your politics are closer to his than mine so you can have the job
you can not think that I would be a good Chancellor for you? it would be good for the economy but scupper your political objectives.
We disagree fundamentally on the mechanics and role of fiscal policy in the wider economy, so that is rather tricky.
Then again, perhaps that disagreement would be good so neither of us go too far one way or the other.
this will explain better and give you some terms to Google further
https://www.investmentweek.co.uk/investment-week/news/1393528/pension-fund-demand-impacting-gilt-yields0 -
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problem is that nearly all DB schemes are shut and as they head towards maturity the liabilities and assets will decreaserick_chasey said:Ah got it.
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I've never been so insultedsurrey_commuter said:Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
Your politics are closer to his than mine "I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
to rephraseStevo_666 said:
I've never been so insultedsurrey_commuter said:Stevo_666 said:
Rick for president then. SC could be your chancellor of the exchequer after you've thrashed out your deal at 'La Granita'.rick_chasey said:
I recon a decent majority of cake stoppers would be better than the Tory MP who I grew up with.briantrumpet said:Stevo_666 said:
But I was putting my trust in Rick and SC...briantrumpet said:
That would be like putting your trust in relatives of someone who's had an operation screwed up by a incompetent surgeon being able to do the reconstructive surgery required.
The better plan would be to get a competent surgeon.
They're actually a bit thick.
Your politics are closer to his than mine
Ric's politics are closer to yours than they are mine0 -
Sure, I was thinking the same - how much of it is to do with gov't mandated gilt buying and how much of it is just liability matching in a world where the population is getting older?surrey_commuter said:
problem is that nearly all DB schemes are shut and as they head towards maturity the liabilities and assets will decreaserick_chasey said:Ah got it.
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In the industry it is widely seen as market distortingrick_chasey said:
Sure, I was thinking the same - how much of it is to do with gov't mandated gilt buying and how much of it is just liability matching in a world where the population is getting older?surrey_commuter said:
problem is that nearly all DB schemes are shut and as they head towards maturity the liabilities and assets will decreaserick_chasey said:Ah got it.
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https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3655850
Nowhere else to put this butEnding Corporate Tax Avoidance and Tax Competition: A Plan to Collect the Tax Deficit of Multinationals0 -
The rules around what assets DB schemes and annuity providers have to be held were written by Whitehall mandarins with no understanding of investment markets. They seem to believe that the need to match liabilities is solved by holding assets best suited for the short term, rather than a well diversified portfolio.rick_chasey said:
Sure, I was thinking the same - how much of it is to do with gov't mandated gilt buying and how much of it is just liability matching in a world where the population is getting older?surrey_commuter said:
problem is that nearly all DB schemes are shut and as they head towards maturity the liabilities and assets will decreaserick_chasey said:Ah got it.
Over a 15-40 year time horizon, only a fool would hold fixed interest securities only, but that is what the mandarins have pretty much required.0
