Member Info for longtimeinvestor

ep
''Thanks for spelling out in such details what a spending cut looks like''

I don't think you have grasped it. Reducing unnecessary costs allows the money saved to be reallocated for other things. Simple enough for most to understand. The same spend .

ep
''or fewer patients treated) during that ti.e period. ''

what a weird perspective you have, comparing energy use that is not required to patient care that is required.
Do you really think that the total cost of the NHS is for front line patient care.

ep
''Less money to have to find = less money spent = cut in spending = spending cut..''

No, the same money spent going further means the same money spent.
I have already told you. you could spend x amount of money on heating you home for y hours or with a reduction on the thermostat of 5 degrees x amount spent for y+z hours.

Less money to find for y+z hours compared with if thermostat not altered.

ep
''No one else anywhere including the Tory press suggested she was talking about debt to GDP ratio.''

Are you the only one not to know the extra projected borrowing requirements in the coming years. WAKE UP . The nominal value of debt will not be reducing as everyone else knows, which is why when a politician is talking abut reducing debt it is not the nominal value.
Understand?

ep
it is about time you thought a bit more clearly - how can the nominal value of debt go down when we know a lot more borrowing is going to take place, as is the case most years (not very often we get a yearly surplus ), meaning that when reducing debt is talked about, the default is as a percentage of GDP

ep
''Less money to have to find = less money spent = cut in spending = spending cut..''

No, the same money spent going further means the same money spent.
I have already told you. you could spend x amount of money on heating you home for y hours or with a reduction on the thermostat of 5 degrees x amount spent for y+z hours.

ep
''Reframing the answer to debt relative to gdp would have been preposterous and she did not do that.''

I have already told you - that is the default

ep
''Money that goes further without being cut does not leave you with more money it leaves you with more services and the same spend.''

No ,it leaves you with less money to have to find

EP
When politicians talk about debt they would be talking about a percentage measured against GDP.
I said to NC (Newchurch) I think it was , quite a while ago that she was very unlikely to see a reduction in the nominal value of national debt in her life time . X trillion of debt now will not equate to X trillion of debt in 10 years time.
This is why mortgage debt taken out 25 years ago, even if paying interest only would look an extremely small debt now.

ep
if you spend money well and not waste it,it will go a lot further.

Turn down your thermostat by 5 degrees C and you will be spending money better.

ep
''You can not reduce the debt by not cutting public spending''

increased economic growth along with inflation can reduce UK national debt measured as a percentage of GDP

opened at 38.829
now closed at 39.096

ep
''I think.that confusing statement ''

confusing to whom. As I said...............

ffs

opened at 38.829

larger order in at 37.95

opened at 48.829

triggered at 38.949

OX
''LBG spent £2b on share buyback. The price didn’t go up so was this just an exercise in shoring up the price.

A buyback is just to reduce the share count - the market determines the valuation of Lloyds,

nf
does that mean you are not in need of incontinence pads unlike some

ep
''with announcements of public service cuts followed by reversal.of those cuts. ''

once again, please give a link to a quote from LT or KK saying there were to be public service cuts.