ablender
Member of DD Central
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Post by ablender on Apr 18, 2017 11:50:04 GMT
What do you do of the snap election?
What butterfly effect will it have on P2P?
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Apr 18, 2017 12:04:22 GMT
IMHO: Short term - some currency volatility for those who invest in EU/other direction and maybe longer queues on secondary markets. Long term - will be hard to separate effects from the larger influences: ISAs, Brexit, Trump.
Assuming nothing unexpected happens like someone offering to undo Brexit!
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Post by Deleted on Apr 18, 2017 12:13:36 GMT
More uncertainty than currently? Is that even possible?
May is currently an unelected PM leading a government with a manifesto made obsolete by Brexit and a tiny majority. Its unworkable. She can't even control the rebels in her own party, let alone work with the other parties or the Lords.
I think the election process itself will be brutal, but could ultimately lead to better clarity than the mess we have now *if* the result is decisive one way or another.
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adrianc
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Post by adrianc on Apr 18, 2017 13:10:50 GMT
May is currently an unelected PM... <pet peeve> ALL our PMs are unelected, and always have been. We don't vote for PMs. Our vote counts towards our local MP, and the leader of the party with most MPs is PM. If more people realised that, perhaps we wouldn't have so many national party yes-men ignoring their constituents, safe in the knowledge they aren't at risk. Anyway, three of the last five PMs have taken power outside a general election. As far as this latest twist in the carcrash of British politics goes, all I'll say is that I've actually got off my backside, joined a political party and am going to try and do something positive to get our local half-witted chair-warmer out. If that carries forward nationally, even just enough to send a bit of a message, I'll be happy.
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Post by Deleted on Apr 18, 2017 13:18:18 GMT
You may think its a mere technicality, but with a majority as slim as hers, every political disadvantage is magnified.
We're currently in a situation where an advisory referendum has de-facto over-ridden the last elections manifestos and priorities completely.
Her 'unelected' status may be irrelevant in more normal times, but in this climate, where every political trick in the book is clearly being used behind the scenes to obstruct, whoever is in government needs a much more solid mandate than the one she currently enjoys.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 18, 2017 13:26:00 GMT
May is currently an unelected PM... <pet peeve> ALL our PMs are unelected, and always have been. We don't vote for PMs. Our vote counts towards our local MP, and the leader of the party with most MPs is PM. If more people realised that, perhaps we wouldn't have so many national party yes-men ignoring their constituents, safe in the knowledge they aren't at risk. Anyway, three of the last five PMs have taken power outside a general election. As far as this latest twist in the carcrash of British politics goes, all I'll say is that I've actually got off my backside, joined a political party and am going to try and do something positive to get our local half-witted chair-warmer out. If that carries forward nationally, even just enough to send a bit of a message, I'll be happy. Beat me to it, (annoys me to ... sad IK) though for clarity its the person who can comand a majority in the Commons who forms a government, this doesnt have to be the person with the most MPs, and can even be someone with fewer MPs if they can gain cross party support to get their legislative program through. (Minority govt) Doesnt even have to be an MP, though convention means it always is these days (Douglas-Hume got parachuted into a seat)
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Post by dan1 on Apr 18, 2017 14:04:34 GMT
More uncertainty than currently? Is that even possible? May is currently an unelected PM leading a government with a manifesto made obsolete by Brexit and a tiny majority. Its unworkable. She can't even control the rebels in her own party, let alone work with the other parties or the Lords. I think the election process itself will be brutal, but could ultimately lead to better clarity than the mess we have now *if* the result is decisive one way or another. "unelected PM" - what? 
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Post by Deleted on Apr 18, 2017 14:11:39 GMT
Surely its not hard to figure out - it means a PM who didn't lead their party to victory in a general election.
Yeah, its irrelevant from a process point of view. But it's also a political weakness that is easy to score points against.
May now feels the need to become an 'elected' PM with a proper mandate.
Technically, she has the majority to form a government already. But the political reality is clear - that in itself is not enough in this climate.
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elliotn
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Post by elliotn on Apr 18, 2017 15:33:29 GMT
Sterling up. Markets think May will have a stronger hand against the more strident Brexiteers. Mmm.
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adrianc
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Post by adrianc on Apr 18, 2017 16:07:19 GMT
Markets think May will have a stronger hand against the more strident Brexiteers. Mmm. Indeed. I'm not quite sure where we got a UKIP PM from, but I'm very scared by it.
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hendragon
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Post by hendragon on Apr 18, 2017 16:38:11 GMT
I hope p2p loans don't go over to the same fixed terms as parliaments.
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toffeeboy
Member of DD Central
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Post by toffeeboy on May 3, 2017 15:50:07 GMT
I hope p2p loans don't go over to the same fixed terms as parliaments. With the ability to repay early they already are (especially when there isn't a fee to do so)
At least with parliaments there is an upper limit unlike most P2P loans
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