With a new Prime Minister to be announced today (Mon 5th Sept 2022), we’ll start a fresh thread for all the discussion, and also use this one for any other Westminster/Politics related stuff going forward.
The old thread is now locked as Boris and his Government are replaced.
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The old thread is now locked as Boris and his Government are replaced.
If you are quoting from a website, please add a link to back it up. (Click on ‘Links’ below the text box and you should be able to post them in the little box, we’ve added one to this post as an example!) - Posts without a link to back up the discussion may be removed.
Thanks.
Admin.
I’m quietly confident Truss will see this through and I don’t think we should be taking economic advice from the Ginger Growler-that would not be in the country’s interest.
Truss needs to get on the front foot and make the valid point that we are one of the world’s largest economies, have one of the lowest debt ratios, yet the market thinks our debt cost should be higher than Greece and Italy.We are not a basket case and I doubt the cancelling of the 45pc tax rate is enough to cause it.
Meanwhile, the fall in gas and oil prices should help a lot.
On the pound, a weaker currency is no bad thing if you want to help exports.That goal is something I would want as we are too reliant on imports and have been for many years, including cheap labour.
Vogel-the crash was a global thing, but it was exacerbated by lax regulation encouraged by Brown-he did say no more boom and bust under his watch.
... cheap labour you say... bad news Laffy. Liz is all set to loosen immigration rules!
Yes-for key industries and sectors.I will admit I do find this morally wrong-stealing qualified labour from largely poorer countries isn’t cricket.Never sat well with me.
I’m quietly confident Truss will see this through and I don’t think we should be taking economic advice from the Ginger Growler-that would not be in the country’s interest.
Truss needs to get on the front foot and make the valid point that we are one of the world’s largest economies, have one of the lowest debt ratios, yet the market thinks our debt cost should be higher than Greece and Italy.We are not a basket case and I doubt the cancelling of the 45pc tax rate is enough to cause it.
Meanwhile, the fall in gas and oil prices should help a lot.
On the pound, a weaker currency is no bad thing if you want to help exports.That goal is something I would want as we are too reliant on imports and have been for many years, including cheap labour.
Vogel-the crash was a global thing, but it was exacerbated by lax regulation encouraged by Brown-he did say no more boom and bust under his watch.
Do me a favour Laffy as I don’t subscribe to the Times could you post the report from 9.30 pm this evening about Labours 17 point Poll lead
Cheers
I think you will find the lax regulations came from the deregulation of the city in 86. Brown went along with it as so much tax revenue was coming in.
However back to the present it’s astonishing how naive Truss and Co have been and they have completely lost control of the narrative. You would expect a new PM to get a bounce in the polls but their flurry of uncosted, ideological and tone deaf announcements have gone down like a lead balloon with everyone. (Laffy excepted of course)
However back to the present it’s astonishing how naive Truss and Co have been and they have completely lost control of the narrative. You would expect a new PM to get a bounce in the polls but their flurry of uncosted, ideological and tone deaf announcements have gone down like a lead balloon with everyone. (Laffy excepted of course)
Yes-will try.Still two years out matey
The reason the dollar is rising is very simple-the Fed is raising interest rates fast and in times of turmoil, you don’t bet against the dollar.Of course, that merry go round is good for US imports but bad for exports.All down to the after effects of the pandemic
The reason the dollar is rising is very simple-the Fed is raising interest rates fast and in times of turmoil, you don’t bet against the dollar.Of course, that merry go round is good for US imports but bad for exports.All down to the after effects of the pandemic
“The reason the dollar is rising is very simple-the Fed is raising interest rates fast and in times of turmoil, you don’t bet against the dollar”
Are you serious? Do you actually believe that’s all that’s going on here and the timing with Kwarteng’s statement is just coincidence? You must have read what financial analysts outside the UK are saying.
Are you serious? Do you actually believe that’s all that’s going on here and the timing with Kwarteng’s statement is just coincidence? You must have read what financial analysts outside the UK are saying.
Thanks as I thought it’s cutting the 45% tax rate has gone down like a lead balloon I was watching an interview with Gerald Lyon’s (chief economic adviser to government) on Channel 4 news he was absolutely shocked to hear about the cut to the 45 % top rate he words were “ I couldn’t believe my ears”
Sorry Vogel-that’s the main reason.Most major currencies are falling against the dollar as a result
There are other reasons of course-the Truss budget being one, but not the main reason
There are other reasons of course-the Truss budget being one, but not the main reason
https://www.reuters.com/markets/europe/us-dollar-strength-creating-untenable-situation-that-risks-financial-crisis-2022-09-26/
Several major lenders have now withdrawn mortgage lending due to the political and financial uncertainty. So, huge housing price crash on it's way.
Won't be a bad thing. More people will be able to get on the housing ladder.
I don’t think house prices will crash-and I think the hysteria will calm down.Massive overreaction in my view.
Just my view-I never panic
Just my view-I never panic
I spent a lot of time on calls with agents last couple of days-the top end of the market is filling but bottom end is robust.
I can’t help felling this whole thing is an attack by traders who saw a chink in the pound armer with the budget-time for cool heads
I can’t help felling this whole thing is an attack by traders who saw a chink in the pound armer with the budget-time for cool heads
I spent a lot of time on calls with agents last couple of days-the top end of the market is filling but bottom end is robust.
I can’t help felling this whole thing is an attack by traders who saw a chink in the pound armer with the budget-time for cool heads
Yep that’s the spin Conservative central office is saying and you’re given them a tax cut and bigger bonuses are they never happy !!!!
That’s why I have been relatively successful Taffy-I listen to people and then form a view.From all persuasions.
It’s only 3 years since you were drinking at the bar with Corbyn-now you are the party of sound governance, despite the same old faces being at the bar
It’s only 3 years since you were drinking at the bar with Corbyn-now you are the party of sound governance, despite the same old faces being at the bar
That’s why I have been relatively successful Taffy-I listen to people and then form a view.From all persuasions.
It’s only 3 years since you were drinking at the bar with Corbyn-now you are the party of sound governance, despite the same old faces being at the bar
I was never a Corbyn fan but even his spending plans have been dwarfed by this lot At least he was going to spend on public services and high speed broadband not Tax cuts for millionaires
I’m hearing they might be a U turn coming or at least a watering down of the tax cuts over the next week or two !!!!
We shall see-to be frank, I do f believe cutting the higher rate caused the pound to fall as Starmer claims
I see one of your lot has been suspended for suggesting the Chancellor is white-nice!
I see one of your lot has been suspended for suggesting the Chancellor is white-nice!
From one of my shooting acquaintances Taff
https://www.telegraph.co.uk/business/2022/09/27/remainers-blame-run-pound-claims-hedge-fund-tycoon-crispin-odey/
https://www.telegraph.co.uk/business/2022/09/27/remainers-blame-run-pound-claims-hedge-fund-tycoon-crispin-odey/
From one of my shooting acquaintances Taff
https://www.telegraph.co.uk/business/2022/09/27/remainers-blame-run-pound-claims-hedge-fund-tycoon-crispin-odey/
Blame,
Remainers,Covid,Russia,The BBC ,The Labour Party,The EU,Joe Biden,China,Woke or even The bloody boogie
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