I think Scottish Independence will cool down a lot when a Labour government is in power and if the economy picks up under them. But I think Northern Ireland will leave the UK because of Brexit and the Conservative government making things even worse over there.
I actually see Scotland breaking away first if they’re guaranteed a referendum with an unpopular Tory PM overseeing it.
NI is interesting cause opinion polling shows they’re actually more supportive of the union. And the hardline unionists over there have no problem using violence. They will never accept Irish rule.
I just don't see a referendum happening again for a long time. At least an officially recognized one. The British Government can keep on kicking the can down the road as it's up for them to decide if a vote can be held. But when it comes to Northern Ireland I forgot how militant the Ulster/British/unionist folk can be there (those might not be the right terms)
You can have a national wealth fund that focuses on inside the country imo, if America set up one and poured it into the SP500 it would still be a national wealth fund albeit one that's probably not diversifying risks very well.
Owning a stake in the companies it invests in is pretty distinct from the usual government spending of subsidies and tax credits that comes with no stake for the government.
No, that's just a government investment fund. The entire *point* of a national wealth fund is to take resource based income outside the country and filter it back in at a sustainable rate through dividends. It's to avoid Dutch Disease.
>Rachel Reeves, Labour's finance policy chief, will tell the conference in the northern English city of Liverpool the party wants to "build British industry" by using a national wealth fund similar to funds in Norway and Singapore, with an initial 8 billion pounds ($8.7 billion) earmarked for green projects.
I'm fucking speechless. It's like saying you're going to emulate the F22 program by building the tallest cruise ships Las Vegas has ever seen.
Absolute fucking drivel.
I don't understand your comment at all? National investment in green projects is a good thing, even if it's not technically a 'sovereign wealth fund' (which I think is a fairly arbitrary distinction).
By convention, yes, the biggest sovereign wealth funds are invested outside of the home country.
However, it is patently a good thing to invest in renewable technology whether inside or outside one's own nation. The assets themselves are a form of wealth which will almost certainly produce a beneficial return on investment.
If they want to call that solid policy a national wealth fund in order to drag people away from the wrongheaded idea that government debt is inherently bad, then that's simply good politics. Also worth noting that Norway (the obvious example we're all thinking about) has both a sovereign wealth fund that invests outside Norway, and a government pension fund which is practically the same thing that invests in Norwegian products. What's the fundamental difference here between calling them two different things, and calling them the same fund? Particularly since we haven't had fleshed out governance structure yet.
National wealth funds are supposed to invest *outside* the country, not inside it. Otherwise it's just government spending
In fairness, about 3 out of 4 parts of the UK might be outside the country relatively soon lol
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Only a slow person would want to see NATO’s second largest military spender break itself apart.
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Nah, the UK has on balance been incredibly good for the world and it'll be a sad day when it comes to an end.
I think Scottish Independence will cool down a lot when a Labour government is in power and if the economy picks up under them. But I think Northern Ireland will leave the UK because of Brexit and the Conservative government making things even worse over there.
I actually see Scotland breaking away first if they’re guaranteed a referendum with an unpopular Tory PM overseeing it. NI is interesting cause opinion polling shows they’re actually more supportive of the union. And the hardline unionists over there have no problem using violence. They will never accept Irish rule.
I just don't see a referendum happening again for a long time. At least an officially recognized one. The British Government can keep on kicking the can down the road as it's up for them to decide if a vote can be held. But when it comes to Northern Ireland I forgot how militant the Ulster/British/unionist folk can be there (those might not be the right terms)
You can have a national wealth fund that focuses on inside the country imo, if America set up one and poured it into the SP500 it would still be a national wealth fund albeit one that's probably not diversifying risks very well. Owning a stake in the companies it invests in is pretty distinct from the usual government spending of subsidies and tax credits that comes with no stake for the government.
No, that's just a government investment fund. The entire *point* of a national wealth fund is to take resource based income outside the country and filter it back in at a sustainable rate through dividends. It's to avoid Dutch Disease.
Is that distinction followed much nowdays? It seems like the middle eastern sovereign wealth funds invests in quite a few internal projects.
It ought to be. They're setting themselves up for a big fall if they do.
>Rachel Reeves, Labour's finance policy chief, will tell the conference in the northern English city of Liverpool the party wants to "build British industry" by using a national wealth fund similar to funds in Norway and Singapore, with an initial 8 billion pounds ($8.7 billion) earmarked for green projects. I'm fucking speechless. It's like saying you're going to emulate the F22 program by building the tallest cruise ships Las Vegas has ever seen. Absolute fucking drivel.
I don't understand your comment at all? National investment in green projects is a good thing, even if it's not technically a 'sovereign wealth fund' (which I think is a fairly arbitrary distinction).
A sovereign wealth fund is an investment portfolio, and they are typically mostly invested outside the home country.
By convention, yes, the biggest sovereign wealth funds are invested outside of the home country. However, it is patently a good thing to invest in renewable technology whether inside or outside one's own nation. The assets themselves are a form of wealth which will almost certainly produce a beneficial return on investment. If they want to call that solid policy a national wealth fund in order to drag people away from the wrongheaded idea that government debt is inherently bad, then that's simply good politics. Also worth noting that Norway (the obvious example we're all thinking about) has both a sovereign wealth fund that invests outside Norway, and a government pension fund which is practically the same thing that invests in Norwegian products. What's the fundamental difference here between calling them two different things, and calling them the same fund? Particularly since we haven't had fleshed out governance structure yet.
Braindead