Andrew Marr tries to intervene as Labour and Conservatives clash over manifesto pledges. Please subscribe HERE bit.ly/1rbfUog World In Pictures • WORLD IN PICTURES Big Hitters • MUST SEE VIDEOS Just Good News • Just good news
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@NTagomi7 жыл бұрын
Damian Green went silent the moment his own vested interest as a director in a water utility company was pointed out.
@miraclmaker7 жыл бұрын
Cameron yes he was. And given the chance to do it again he would fill his pockets. Again. Torys are not patriots they are just interested in filling their pockets by stealing from the working man and giving to their friends.
@FDozza7 жыл бұрын
shit his bills
@mikecro11117 жыл бұрын
£211 Million in dividends paid out to the shareholders of Northumbrian Water in 2016. Mostly based in China and Canada. Seems to me that if an industry is profitable, then it is also profitable to buy it and use that money to repay the capital costs of it's purchase, or any small interest on a loan to do so. £211 million just gone from the UK economy which could be invested back in jobs, or in savings to customers to be spent within the local economy - increasing manufacture and retail jobs in the process.
@sacredsoma7 жыл бұрын
+Mike Cronnie Thanks for arguing McDonnell's point, that Tori figure went so jittery
@paulgeddes98587 жыл бұрын
absolutely!! fat cats get fatter and the profits stay out of the public coffers why cant people see through this oh and heres a tax cut so we get less from you ill gotten gains!
@br49757 жыл бұрын
The Labour guarantee to not increase taxation on the 95% of people is excellent. The principle of not raising tax on regular people and focusing any tax rises on those who can best afford to pay is a great principle after 7 years of the Tories doing things exactly the other way around
@alexander921792 жыл бұрын
They increased the income tax PA to £12,500. Raising it to £20,000 would be ideal.
@IThinkItsForYou7 жыл бұрын
John McDonnell is right
@rossgower50897 жыл бұрын
IThinkItsForYou yeah
@phildobson87057 жыл бұрын
John McDonnell idea that giving Bonds (interest paying Government debt bonds) for shares is not debt because Labour will get income from Utilities? Consumers pay that "income" then? Who will Proffit? Nathan Rothschild's fortune comes from trading Government Bonds & Rothchild's Banker Macron is now president of France. UK would be destroyed by English hater McDonnell
@thisstillchangesnothing7 жыл бұрын
Prime Monster Jeremy Staling is really silly Dave Long ping pong
@rossgower50897 жыл бұрын
This changes nothing k
@stenjamin72207 жыл бұрын
He really isn't.
@tauwheed30557 жыл бұрын
£18 Billions profit for water companies!! I wonder why govt. don't Nationalize and profit goes to treasury.
@souljah3327 жыл бұрын
Because they r keeping it for themselves and their friends 😡
@nickprezzo7 жыл бұрын
John McDonnell is walking circles around Damian and he isn't even mentioning the best part about nationalisation and Labour's other policies: the money you SAVE from regulation and bringing industries back under public ownership. Even something like scrapping tuition fees will have great 'returns' to the economy with regards to things like small business startups in the medium-term.
@vegimike7 жыл бұрын
What hope is there when McDonnell so clearly displays how out of his depth he his and you all just cheer him on.
@nickprezzo7 жыл бұрын
The fully-costed manifesto is mostly brilliant and investment is exactly what you need in an economy with a deficit. I'll wait for you to tell me why he's out of his depth without spouting empty platitudes...
@vegimike7 жыл бұрын
He's budget only balances because he is assuming a linear relationship between tax rates and tax takes. Totally economically illiterate. He pretends that rising corporation tax will only affect corporations when obviously it will affect prices and wages where those corporations are in a competitive market, as well as everyone's savings and pensions. On borrowing to buy back privatised companies he wants to use the profits to fund the acquisitions. But at 5% profit, that would take 20 years. And that is not including all the interest we'd have to pay on that borrowing. He sometimes pretends it isn't even borrowing because it is capital expenditure. He also sometimes says that instead of the profits going to private owners, he'll use it to reduce the rip off charges. So he is spending those profits 3 times over. It doesn't add up. Whenever these things are pointed to him he gets aggressive, lectures people on making it up, or chastises them for not knowing the basics that, by all appearances, he just learnt himself the night before his homework was due on Wikipedia. The man is a dangerous moron.
@nickprezzo7 жыл бұрын
Your first point ironises the rest of your argument. You're looking at their proposals in a very linear way. With things like a raised minimum wage, you'll have increased spending. A relief from tuition fees, you'll see increased small business startups and a competitive market at that level because of increased confidence with enterprise. As pointed out, the money you save from taking industries back under public ownership is currently immeasurable but will be significant. Also, simply look at the increase of corporation tax in the context of the other European countries and the rest of Labour's proposals, it's not economically illiterate as demonstrated by countries like Germany. I'm going to link you now to two articles. I don't really have the enthusiasm to type out the excellent points they make because I don't think a KZfaq comment will convince you: www.jacobinmag.com/2017/06/labour-corbyn-general-election-nationalization piece on their nationalisation proposals newsocialistblog.wordpress.com/2017/06/06/labours-alternative-models-of-ownership-report/ another on the models of ownership report just published
@vegimike7 жыл бұрын
It is Labour who are assuming that if you increase tax by x you get x times more tax. Not me. Raising the minimum wage will increase the tax paid by those on the minimum wage. But it will either decrease the corporation tax paid by their employers, or increase the prices we all pay for the fruits of their labour, or more likely a combination of the two. When will you people learn that you cannot create wealth by tax or dictate. What money do we save by renationalisation? Assuming the company carries on just as profitably under public control (a very unlikely outcome) it would take 30 to 40 years just to pay off the debt used to purchase it. I did not say it was economically illiterate to charge a higher rate of corporation tax. I said it was economically illiterate to assume raising it by a factor of X will increase the amount of tax collected by a factor of X. I will read the articles you have linked to. But I made some quite specific points in answer to your challenge and you haven't actually rebutted them.
@mohammadrahman3077 жыл бұрын
Go on John McDonnell
@Fungasaur7 жыл бұрын
tfw Mcdonnell proves he knows how economics works. It's great to see a competent labour government. I strangely look forward to voting for Labour.
@justsomekid337 жыл бұрын
Tory manifesto is trash. GET THEM OUT.
@barrybenson41587 жыл бұрын
Why are bbc videos always choppy as fuck?
@TheHaffa017 жыл бұрын
john mcdonnell. the peoples champion passionate and honest
@phildobson87057 жыл бұрын
Lol Sarcasm!
@TheHaffa017 жыл бұрын
+Phil Dobson not being sarcastic at all. he would make a better chancellor than phillip hammond who has done fuck all since he was given the job other than break a fairly major pledge and make a few budget speeches.
@amidared8127 жыл бұрын
Shirkers? you calling doctors, nurses, firemen, soldiers, and police 'shirkers'? Oh noo you say, but the 'rest' And you? what are you then?Ohh I'M a STRIVER I AM he says,
@draculanova65487 жыл бұрын
Really? His policies wouldn't raise enough to cover the Labour's spending commitments (www.telegraph.co.uk/news/2017/05/16/analysis-do-labours-manifesto-pledges-add/). Labour are essentially offering a free lunch. It may sound good but should arouse suspicion.
@rexphillips-dibb18235 жыл бұрын
the best labour member since tony benn
@glittermarsian50546 жыл бұрын
Omg, this is the first time in ages i've seen a genuine warm and red comment section.
@WibblyWobblyWoo7 жыл бұрын
John McDonnell is a boss
@MrSENNAmagic7 жыл бұрын
Mr Damian got exposed on the dividend payment from the water company. Humn nice. £1000.00 increase in tax for the average family is not bad, is it?? Tories government they are ever so nice to working families I love it.
@sbrindley76 жыл бұрын
I am a bit concerned about the comments under this video. Government bonds are borrowing, McDonnell is playing a slight of hand by saying that it is paid for from profits. Firstly whether you make profit or not it is still borrowing. Secondly the idea government management of an industry being profitable is laughable.
@miraclmaker5 жыл бұрын
Phoenixfire five did you even watch the video John says how government privatised public water and handed out the profits to shareholders, also they explained they would get money from qe
@stevenoc7 жыл бұрын
John McDonnell is great. Damian Green is the typical slippery little slimeball Tory.
@forbidden87017 жыл бұрын
lol. That guys pooed himself when he mentioned his personal profit!
@cheekydevil69ER7 жыл бұрын
damien green hand were shaken. obviously tory is liar
@wakeup.93237 жыл бұрын
Thanks BBC for Jimmy Saville
@eliasandersson32997 жыл бұрын
I DON'T KNOW WHAT WE'RE YELLING ABOUT!? John McDonnell is right though.
@timcuencaaarum26907 жыл бұрын
Mcdonnell is a beast!
@geoffblanchard45397 жыл бұрын
Very pointy people
@ken49757 жыл бұрын
Did either side start and finish a sentence without being interrupted? Great TV, rubbish argument. All questions still unanswered.
@sunjayroy3127 жыл бұрын
With you there.
@hehwhwh7276 жыл бұрын
Nice work comrade Mcdonnell
@mrjk27026 жыл бұрын
Taking Profits away from businesses and dividends away from investors who want to see a return on what they are spending... Whats the logic in that? Might as well not have any businesses or think about economic growth at all and have every single bit of British Society state owned
@lucozade83737 жыл бұрын
Labour
@danskeny65677 жыл бұрын
Go McDonnell Fantastic
@phildobson87057 жыл бұрын
Well I'm quite pleased that I will be able to leave £100,000 to my daughter. Wealthy people will look after their aging parents more themselves freeing up carers
@-The-Darkside7 жыл бұрын
Is that how you think this is going to work out? What about Bill the Farmer from the shires who gets Dementia, he and his wifes house is worth £215,000, so he has to pay 115,000 towards any care (over 5 years care will cost approx 200,000) , EXCEPT you can't sell part of your house, you have to sell ALL of it, you bank 100,000, pay 115,000, he dies a slow agonising death and his wife is left widowed and god forbid she gets dementia... Now further north, someone with a house worth 80,000 pays nothing. I'm sure that will go down well with the middle class Tory voters. Nothing is good about this dementia tax, MAJOR own goal.
@phildobson87057 жыл бұрын
VALIS Machine Bill the farmer doesn't have to pay in his lifetime and his wife lives in what has become her house her lifetime or if she needs care it is now net value £100,000 so she doesn't have to pay anything and their children etc will get the £100,000.
@Cristobels-Green-Boots7 жыл бұрын
Like 2 Old Hens arguing on a street corner 🐓🐓
@kevinnoscoe62847 жыл бұрын
There's only 1 JOHN MC DONALD 👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼👏🏼👍🏼
@Rain-rw5yr7 жыл бұрын
good to see that these politicians don't even understand how to have a mature debate 😂
@matthewmorris80577 жыл бұрын
Why is the frame rate always so low?
@seewhatifound7 жыл бұрын
Many of those shareholders are hardworking employees of the companies, many shareholders are hard working private shareholders, many are benefitting from the dividends in their pensions funds ...McDonnell chooses to ignore that...
@angelicaibarra3447 жыл бұрын
vb
@AaronfromEngland19895 жыл бұрын
😂😂😂
@angelicaibarra3447 жыл бұрын
d
@angelicaibarra3447 жыл бұрын
r
@jackwolfenden91996 жыл бұрын
Oh no Damien...if I find out you been doing smutty shit well I'll be just crestfallen. Looking at you i couldnt possibly countenence the notion of you being a smutmeister. Oh Damien, Damien...
@angelicaibarra3447 жыл бұрын
f
@angelicaibarra3447 жыл бұрын
h
@richardlaversuch94605 жыл бұрын
The error in Marxism can be expressed as assuming the primacy of economics.
@despaahana7 жыл бұрын
man in the red tie doesn't know what he's talking about.
@bionipower49657 жыл бұрын
The baldy just wants more people's money 💰
@allthewarsintheworld18237 жыл бұрын
It's a good thing the BBC KZfaq comment section isn't old enough to vote or we'd be seeing a Labour government.
@-The-Darkside7 жыл бұрын
With a bit of luck, that's what you'll get. Even the most ardent Tory supporters are raging at their manifesto, it's bombed worse than the Luftwaffe
@101publicenemy7 жыл бұрын
Does John McDonnell genuinely not understand how bonds work? If I mortgage my house, I'm still borrowing money even if there are people renting my house and whose rent i use to pay off the mortgage (security). Similarly, if you issue bonds you are creating the same sort of security as mortgage; you are still borrowing money with promise that you'll pay it back. It doesnt matter if you have profitable assets that will be used to cover that security, you are still borrowing money. This is year 12 economics, i'm sure McDonnell is just being facetious because the alternative would be terrifying...
@thisstillchangesnothing7 жыл бұрын
101publicenemy you can say that if you're then going to rent the house and make money out of it as these bonds will be making money go from businesses that already make profits
@phildobson87057 жыл бұрын
101publicenemy These Bonds will be making money for oligarchs such as Rothschilds & Soros who made their fortune on such Government Bonds. Soros backs socialists so only fair to chuck him half a trillion as a starter
@mikecro11117 жыл бұрын
What he means that it is borrowing that will not increase the budget deficit because the money coming back in will cover the outlay and interest, and as they are profitable industries, like Rail industries who already receive heavy tax payer subsidy to the tune of £5Bn and share are issued to the companies despite their huge losses, Those subsidies will stop and the money lost in dividends will be reinvested back into the state. Some may be cost neutral to renationalise, others may make a profit for the state which can be reinvested back in the form of price cuts for customers, or to eliminate the deficit and begin to pay off the debt through an increase in the GDP.
@mikecro11117 жыл бұрын
If you have a mortgage that costs you £600 per month, and an rental income of £700 per month, is that bad borrowing?
@AndyTomlins7 жыл бұрын
You really don't understand how bonds work. Unlike an individual taking out a mortgage, a government can create bonds from nothing. These are extremely safe as they are guaranteed by a state. These are then swapped for the shares in the company, effectively nationalising it. As the bonds have a value relative to the assets of the state they take on the value of the assets bought. So its debt neutral. Its first year economics. Politicians really need to stop this myth that state economics are in anyway comparable to an individuals shopping.
@joehorne28087 жыл бұрын
Am I the only one agreeing with Damian Green here? After all, he was just simply pointing out a fact: it is borrowing!
@AndyTomlins7 жыл бұрын
Its not borrowing from anyone. A government can create bonds from nothing. You swap these for a companies shares and the bonds take on the value of the asset bought. McDonnell is completely correct that its debt neutral. Green is just trying to confuse stupid people that dont understand state economies arent like doing your weekly shop.
@joehorne28087 жыл бұрын
A bond is a debt investment in which an investor loans money to an entity. That is borrowing.
@TorbjornMain6 жыл бұрын
Damian owned John go Damian!
@jamesandmikey32Ай бұрын
Well said Damian is a legend
@forrestgump8657 жыл бұрын
Omg omg omg. Did he just say that issuing bonds is not borrowing? He would make a good chancellor in Mugabe land.
@mikecro11117 жыл бұрын
Borrowing to invest in growth on a plan that will turn a profit is more sensible than trying to cut your way to prosperity. If your van breaks do you simply sell everything off and give up, or do you borrow the money for a new van so you can keep on making an income and a profit?
@JaysEpiphany7 жыл бұрын
You inflate both sides of the balance sheet, fam. The government gains a profit-making public service company (asset), against government bonds (liability)
@forrestgump8657 жыл бұрын
Mike Cronnie that is not the point. Would you trust a math teacher who says one plus one does not equal two? The textbook definition of government borrowing is issuing bonds. Does not matter how you spend the money, it is recorded as a borrowing. Even in banana republics they record this as government borrowing. It is so frustrating that Labour has been hijacked by a bunch of charlatans and May knows she doesn't even have to turn up for debates. There is no democracy anymore. Corbyn needs to get lost and David Miliband needs to come back.
@forrestgump8657 жыл бұрын
Philosoraptor labour manifesto does not set anything for nationalisation. So I presume he is going to just steal it from current shareholders. UK economy will literally collapse when all investors flee.
@forrestgump8657 жыл бұрын
Ohh, please, don't spread fake news. Economics is the study of capitalism. Everything in economics is based on rationality and incentives. That is why no real economists would back a communist candidate. I would know this because I am an economist. The most famous economist over the last 40 years is Milton Friedman. His Free to Choose series is available on KZfaq. He would hate Corbyn.
@Roger-yu9ql7 жыл бұрын
🙈 McDonnell genuinely doesn't understand, and he's shadow exchequer!
@miraclmaker7 жыл бұрын
The have you listened to the fart next to him? They haven't even coated their manifesto. So how does he even have an argument? Labours manifesto will invest half a trillion and we'll only be a further 50 billion in debt. But we will have a rebuilt country, rather 50 billion than 70 billion to further reduce corporation tax, EVEN THOUGH ITS THE LOWEST IN G7 FFS
@phildobson87057 жыл бұрын
Labour will not produce one new industry but give half a Trillion to Oligarchs then pay dividends on the Bonds whilst consumers pay. Oligarchs such as Rothschilds & Soros made their fortune on such Government Bonds
@nickprezzo7 жыл бұрын
You don't need a magic money tree for public ownership my friend. John McDonnell is walking circles around Damian and he isn't even mentioning the best part about nationalisation and their other policies: the money you SAVE from regulation and bringing industries back under public ownership.
@-The-Darkside7 жыл бұрын
Our railways are already nationalised, it's just it's other countries running them LOL Take them back. Economic sense.
@mijnheerw72537 жыл бұрын
The UK needs more Islam.
@miraclmaker7 жыл бұрын
w9 s2 torys are selling weapons to Isis and Saudi, angering and displacing millions and then opening the borders for them. And then they go on about bringing immigration down to tens of thousands
@phildobson87057 жыл бұрын
w9 s2 Yes more UK needs to scrap Trident to invest in housing Islam Only Labour will do this so everybody in Aberdeen must vote Labour. Only Glasgow has reputation for sham marriages of Pakistani men to E. EU girls. Every city should have that reputation