Politics

[BobyBrno]

22 minutes ago, Sweep said:

fair enough, I read an article over the weekend, saying it was running at £5B per day.

 

 

[BobyBrno]

23 minutes ago, Sweep said:

I think Boby is suggesting that nothing the Government ever does has any affect at all on either exchange rates or interest rates

Im not suggesting that. The budget had a an effect on the pound. The BOE stepped in. I’ve already said that it was the wrong budget at the wrong time. Interest rates and inflation are largely due to the global economy.

[Spider]

Can we not just ease off the Tories for a bit?

We constantly moan about Brexit and it never gives anyone a breather so they can list the benefits.

GOve the Tories a chance, I'm sure they have a scrumptious hamper full of goodies we should know about.

[Sweep]

2 minutes ago, Spider said:

Can we not just ease off the Tories for a bit?

We constantly moan about Brexit and it never gives anyone a breather so they can list the benefits.

GOve the Tories a chance, I'm sure they have a scrumptious hamper full of goodies we should know about.

Wait until the Visionaries come back, they'll provide you with a full list

[Casino]

25 minutes ago, BobyBrno said:

 

well, thats good

very good...only 3 billion

 

lets look again when the useless cnut shows his working out

[BobyBrno]

9 minutes ago, Casino said:

well, thats good

very good...only 3 billion

 

lets look again when the useless cnut shows his working out

It was the BOE who made the decision. Those bonds have value and will pay interest. They could actually make a profit.

[Spider]

6 minutes ago, BobyBrno said:

It was the BOE who made the decision. Those bonds have value and will pay interest. They could actually make a profit.

So why have they back-pedalled?

[Tonge moor green jacket]

Just now, Spider said:

So why have they back-pedalled?

You mean the 45p job?

Simply, there was no way they were getting it through parliament, so it was a dead duck.

Trying to put a spin on it as "we're listening", is a bit thin- they would have stuck to it if the back bench numbers had added up.

[Sweep]

8 minutes ago, Tonge moor green jacket said:

You mean the 45p job?

Simply, there was no way they were getting it through parliament, so it was a dead duck.

Trying to put a spin on it as "we're listening", is a bit thin- they would have stuck to it if the back bench numbers had added up.

100% this

It's only because they knew it wouldn't get through the house, otherwise they'd still be going with it

[Casino]

Theres more mind changing yet imo

If the OBR trash it, which im sure they will, they will have no choice

[Sweep]

21 minutes ago, Casino said:

Theres more mind changing yet imo

If the OBR trash it, which im sure they will, they will have no choice

I don't disagree - they'll say again though, that it's because they've been listening to the people.

I said today at work, I'd not be surprised to see Kwarteng gone before the end of the month, and Truss to be gone before Easter

I reckon Sunak possibly still thinks he's in with a chance of the top gig

 

[Mounts Kipper]

Oh dear!!

 

[Not in Crawley]

It is still very difficult for Labour to get that overall majority, if I were the tories I'd cut my losses now, admit they were wrong, change their voting rules (which were only changed to.mirror Labour's more closely but they don't have the big vlocks of union workers who give it a broader membership base by default)

It's still two years to the election, fess up they got it wrong, really start to.listen to people, or at least be better at looking like it, and people will still forgive and forget in the heartlands - people are still pretty tribal politically, at least enough in numbers to keep Labour at bay. The cycle turns very quickly. Keeping on like this just means they look incompetent and as the months tick down to the election they give themselves less chance to distance themselves from this section of the party that no real Conservative (ie with a small c, who believes in social equity and small regulation) can stand on doorsteps and defend.

[Casino]

I think theyve no chance

Johnson was at least able to convince folk, me included, that he was likeable

Truss is so unlikeable, few if any redeeming factors

Dense, humourless, vaccuous. A face you would never tire of twatting

Another avoider of questions

Dont forget, she wasnt even the choice of the parliamentary party

The only way they get in is if truss is binned asap and they get johnson back. Im unconvinced this hasnt been the game for months

25% of rural voters saying they will vote labour

Red wall turned their back on her

Shes the best advert for labour you could imagine

[Mounts Kipper]

Cut services, or windfall tax is the obvious out for them. 1 could see them out of power sooner, the other would be sensible option… which way will they bend. 

[mickbrown]

1 minute ago, Mounts Kipper said:

Cut services, or windfall tax is the obvious out for them. 1 could see them out of power sooner, the other would be sensible option… which way will they bend. 

Given those choices there's only one way they're ever going to go.

[MalcolmW]

1 hour ago, Casino said:

I think theyve no chance

Johnson was at least able to convince folk, me included, that he was likeable

Truss is so unlikeable, few if any redeeming factors

Dense, humourless, vaccuous. A face you would never tire of twatting

Another avoider of questions

Dont forget, she wasnt even the choice of the parliamentary party

The only way they get in is if truss is binned asap and they get johnson back. Im unconvinced this hasnt been the game for months

25% of rural voters saying they will vote labour

Red wall turned their back on her

Shes the best advert for labour you could imagine

The only way her extreme left-wing father could come to terms with her politics is that she is a sleeper for Labour. Maybe he was right!

[Winchester White]

Well my claim of "the worst cabinet in my lifetime" with BJ's lot didn't last long...

[Ani]

5 hours ago, BobyBrno said:

It was the BOE who made the decision. Those bonds have value and will pay interest. They could actually make a profit.

You are right....but.... the BOE had to intervene as the market was going south rapidly. So they have basically said if the price of these drops we will buy them so is in essence adding a false bottom to the market. If you know the price can not drop below a point you are unlikely to sell just above that point. 
This gives the market some breathing space, so in terms of a short term control works. But....the BOE has publicly said their plan was the sell gilts. The reason being this takes money out of the economy which helps control inflation. Instead they have pumped money in which by definition can only drive inflation. 
The fact markets have stabilised shows the actions were justified even though not spending all the allocated money the promise has had the desired affect. 
But it still leaves the fundamental issue that inflation is the issue, the money being pumped in to help with bills and the BOE buying gilts are both potentially inflationary as people have more money to spend. (Ironically the fact that bills not going up by as much as expected) reduces the short term projections. 
But the fact remains that the Govt  has made 2 major announcements under Truss, help with energy bills and then a series of tax cuts, (plus continued support for Ukraine) these cost BNs and until figures are produced that at least show some fag packet workings of how the books will balance there will massive market risks. 
The 45% tax bracket has been reversed, the OBR numbers will be sooner, announcements of public spending will follow. But if you go out and talk half story you basically give everyone else the opportunity to invent the ending. What they have done in that sense is political suicide, Labour do not have to do much as the Tories are sinking into a mess of their own making. 

[bolty58]

Just back from the planet Landor. Not really a planet but as far away from civilisation as you can imagine. No phone or wifi etc. so absolute bliss (apart from one day in a place called Meekatharra) so not up to speed on many things yet (caught up on Whites, Packers results etc. this morning after around a 10 hour drive home).

https://landor.net.au/

So, the important stuff. Am I getting 3 pounds to the Aussie dollar yet?

[mickbrown]

16 minutes ago, bolty58 said:

Just back from the planet Landor. Not really a planet but as far away from civilisation as you can imagine. No phone or wifi etc. so absolute bliss (apart from one day in a place called Meekatharra) so not up to speed on many things yet (caught up on Whites, Packers results etc. this morning after around a 10 hour drive home).

https://landor.net.au/

So, the important stuff. Am I getting 3 pounds to the Aussie dollar yet?

Wrong thread. I'm sure there is one for holidays.

[Spider]

7 hours ago, bolty58 said:

Just back from the planet Landor. Not really a planet but as far away from civilisation as you can imagine. No phone or wifi etc. so absolute bliss (apart from one day in a place called Meekatharra) so not up to speed on many things yet (caught up on Whites, Packers results etc. this morning after around a 10 hour drive home).

https://landor.net.au/

So, the important stuff. Am I getting 3 pounds to the Aussie dollar yet?

Patriot

[Not in Crawley]

15 hours ago, Casino said:

I think theyve no chance

Johnson was at least able to convince folk, me included, that he was likeable

Truss is so unlikeable, few if any redeeming factors

Dense, humourless, vaccuous. A face you would never tire of twatting

Another avoider of questions

Dont forget, she wasnt even the choice of the parliamentary party

The only way they get in is if truss is binned asap and they get johnson back. Im unconvinced this hasnt been the game for months

25% of rural voters saying they will vote labour

Red wall turned their back on her

Shes the best advert for labour you could imagine

yeah, I get that, and obviously I'm pleased but I just think the road to a majority for Labour is a dangerous one and I'd never bet against the Tories turning it around.

[Not in Crawley]

So Liz Truss is the first PM ever to go to a comprehensive. That'll be news to Brown.

And about 10 others who went to secondary moderns and non-fee paying schools.

Just do one.

[BobyBrno]

6 minutes ago, Not in Crawley said:

So Liz Truss is the first PM ever to go to a comprehensive. That'll be news to Brown.

And about 10 others who went to secondary moderns and non-fee paying schools.

Just do one.

Not that it matters at all but you’re wrong about Brown. Where do you get the other 10 from?