What is that "mate" of mine Sadiq Khan trying to achieve ?

 

You lost you demented little cretin, get over it and concentrate on your job you terrorist sympathiser.

We need the housing market to go up by 20/30% again.

Nothing gets an economy moving quite like folk borrowing more to buy a Range Rover and some Balaenciaga shoes.

2 hours ago, Sweep said:

Fair enough, I certainly think that the rates have been too low for too long.....not that I really know much about it. I was only saying to my mate the other day, I suspect the days of people having mortgage interest rates of below 2% are gone now, for a very long time

I read, only a few weeks ago, an article from some group or other, that suggested ultra low interest rates will return in the not to distant future!

Can't see it, but there you go- economists never agree.

9 minutes ago, Ani said:

The normal logic is that inflation is demand driven, you putting up rates takes money out of the flow so demand drops.

But here inflation is massively driven by supply issues. It does feel that they are a bit of a one trick pony. They have a target to control inflation and only one tool to tackle it. 

Some inflation after covid because of low supply, and at the begining of the war, but those issues have now dissipated.

Can't help feeling now that the latest, and suggested further rises could actually fuel inflation as folk will be wanting even bigger rises to pay the mortgage!

IMF got it wrong again. Must be Brexit! 
 

https://www.bbc.co.uk/news/business-65707206

Edited May 25, 20233 yr by Mounts Kipper

1 hour ago, Mounts Kipper said:

IMF got it wrong again. Must be Brexit! 
 

https://www.bbc.co.uk/news/business-65707206

 

Germany's inflation rate stood at 7.2% in April, above the euro area's average but below the UK's 8.7%. 😂

13 minutes ago, tomski said:

Germany's inflation rate stood at 7.2% in April, above the euro area's average but below the UK's 8.7%. 😂

Aye… and now they’re in recession…. Was supposed to be the UK. 

Edited May 25, 20233 yr by Mounts Kipper

3 minutes ago, Mounts Kipper said:

Aye… and now they’re in recession. 

You’ve lost me here. Euro zone lower, Germany lower? Why’s ours higher mate.

8 minutes ago, tomski said:

You’ve lost me here. Euro zone lower, Germany lower? Why’s ours higher mate.

I’m talking about recession not inflation.

Their recession is due to cutting off russian gas and oil as far as I can tell after reading a bit into it earlier. That shock has cost them dearly but needs to be done long term.

Bad decisions made my Merkel over the years it would seem.

19 hours ago, Ani said:

Who should they replace him with ? There ain't many left. 

The magnificent Penny of course.

10 hours ago, BobyBrno said:

The latest statistics are great news then. Aren’t they? Why are the government getting so much criticism?

He is clearly stupid. How does he think housing and services can be provided/sustained at an appropriate level with such population growth?

As I said previously, he should change it from 'Cheese' to 'Mince'.

6 hours ago, Mounts Kipper said:

IMF got it wrong again. Must be Brexit! 
 

https://www.bbc.co.uk/news/business-65707206

Quelle surprise! They really are fucking hopeless. They have a political agenda and not an economic one. A tool for globalists. Plain and simple.

5 hours ago, bolty58 said:

Quelle surprise! They really are fucking hopeless. They have a political agenda and not an economic one. A tool for globalists. Plain and simple.

I think you’re correct Sir. 

17 minutes ago, Mounts Kipper said:

I think you’re correct Sir. 

It’s not that long ago you were all rimming the WTO

Make your minds up

16 minutes ago, Spider said:

It’s not that long ago you were all rimming the WTO

Make your minds up

Really! Who rimmed them? And what relevance does this have to the IMF? 

Edited May 26, 20233 yr by Mounts Kipper

6 minutes ago, Mounts Kipper said:

Really! Who rimmed them? And what relevance does this have to the IMF? 

Globalisation 

And you’re probably right, I’m sure the WTO have never been mentioned around Brexit on here. 🙃

https://news.sky.com/story/astonishing-betrayal-tories-face-backlash-for-scrapping-animal-welfare-bill-aimed-at-protecting-pets-and-livestock-12889320

 

Absolute scum.

Just now, gonzo said:

https://news.sky.com/story/astonishing-betrayal-tories-face-backlash-for-scrapping-animal-welfare-bill-aimed-at-protecting-pets-and-livestock-12889320

 

Absolute scum.

Let’s move on.

They’ve got inflation down by 2%

Worrying stat out today…

There are now 770 thousand 16 to 24 year old NEETs in England.

4 minutes ago, Wanderlust said:

Worrying stat out today…

There are now 770 thousand 16 to 24 year old NEETs in England.

2% off inflation though

Anti-Brexiteer Nick Tyrone’s column provided some interesting analysis of the latest polling stats on public attitudes to the failure of Brexit.

obviously Nick has his angle, but regardless of your perspective on Brexit, the detail and breakdown of the stats is very informative 

Check this out

8 minutes ago, Wanderlust said:

Worrying stat out today…

There are now 770 thousand 16 to 24 year old NEETs in England.

Are social media influencers and vloggers considered to be in employment? 

Thinking about it

Do they have to have to pay tax on their income? 

They probably should, but do they 

How is all this regulated?

5 minutes ago, Spider said:

2% off inflation though

So it’s really 784 thousand NEETs then ?

1 minute ago, Wanderlust said:

So it’s really 784 thousand NEETs then ?

You need to learn some patriotism, sonny 

29 minutes ago, Spider said:

You need to learn some patriotism, sonny 

I’m very patriotic - we’re miles ahead of the EU losers on NEETs.