New Prime Minister/Politics Thread

she is as thick as a boxing day turd-sunak told her this would happen.

Never voted Labour in my life, however surely we would be better off with a poor Labour government than the current shower.

Laffy

Do you fallow PensionCraft on YouTube Ramin was an investment banker and business strategist

His latest video “UK economic crisis what next” I think is a balanced view !!!

The IMF talking to us like they talk to third world countries.

https://www.bbc.co.uk/news/business-63051702

Stay this madness!

I rather liked the Ramin presentation Taffy-I think he got all the points across and I agree with him.

The issue at the end is the inequality point-the government has to continue addressing this by whatever means.

Quoted from Laffy on Wednesday, 28 September 2025

I rather liked the Ramin presentation Taffy-I think he got all the points across and I agree with him.

The issue at the end is the inequality point-the government has to continue addressing this by whatever means.

I’ve watched him for a couple of years now he gives a balanced view about how markets work

We are rapidly becoming a third world country, so the IMF we’re not totally out of order.
It’s very worrying how much more damage this Govt can do in the next two years, it’s only taken three weeks for Truss and her cabinet to completely cock it up on every front.
They are not fit to Govern.

Quoted from pacirv on Wednesday, 28 September 2025

We are rapidly becoming a third world country, so the IMF we’re not totally out of order.
It’s very worrying how much more damage this Govt can do in the next two years, it’s only taken three weeks for Truss and her cabinet to completely cock it up on every front.
They are not fit to Govern.

How so?

Our pensions are going through the floor just so these knobs can feather their nests !!!

Quoted from Laffy on Wednesday, 28 September 2025

I rather liked the Ramin presentation Taffy-I think he got all the points across and I agree with him.

The issue at the end is the inequality point-the government has to continue addressing this by whatever means.

He is very clear and concise, surprised you agreed with him though as his view seems quite different to my understanding of yours. Public finances could definitely do without another spike in energy prices, the unlimited liabilities of Lloyds in the 90’s created enormous personal carnage and a short on this scale could get messy.

Is Truss a Russian agent?

Pound up ,10 year money down

Bank intervenes-good move

Quoted from Laffy on Wednesday, 28 September 2025

Pound up ,10 year money down

Bank intervenes-good move

The pound has risen as a result of the BoE intervention, not as a result of government policy.

Would that intervention have been necessary without the ‘mini budget’?

We will never know-this has been brewing for a while.

Anyway-why do people rob banks?Because that’s where the money is

Laffys too psychologically invested in his position to ever say it's the cluster [censored] that it truly truly is. The adult Tories have all left the building, and the kids who are left are having a party

It’s a cluster [censored] alright-and this report highlights it.It’s a long read but you can see where the seeds were sown.Too much loose cash at zero cost

https://www.hussmanfunds.com/comment/mc220925/

Where's Truss and here mate ?
Hide and seek champions 2022

Following on from banks refusing to give mortgages, the market has so little faith in the economic future of Britain the long term bond market has reduced to no value. The bank of England has now stepped in and is buying long term government debt. Having stolen everything of financial value they have now reduced the future to worthless

Blind panic-not a great trait

Does this mean the Bank of England will own the government?

Or is it the equivalent of EWM taking on the club debt?

Quoted from Chilledsilly on Wednesday, 28 September 2025

Where's Truss and here mate ?
Hide and seek champions 2022

After 4 days hiding in Boris’s fridge she has bravely faced the nation by doing 5 minute interviews on various BBC local radio stations. She is beyond hopeless.

No. the BoE issues debt so in money terms they have just paid off some debt they owe. It's not what they have done, its why they did it.

- A pension fund will look at the amount of capital in your fund and offer a pension based on that, plus what they can earn with it going forward. Because no one has any faith in Britain, the value of future earnings have dropped to about zero. Assume you retired 5 years ago and your pension was calculated at £5k a month, that is based on the pot in 2017 plus future earnings. If the future earnings drop now to zero, there isn't enough cash to pay you, so the fund is bankrupt. People who retire this month will just get nothing!

- The Government takes out loans to borrow, these are 99% fixed rate. So changes in interest rates don't affect cash payments. But Government loans, like car loans, have a fixed life, usually about 5 years. If the Government has a loan of say £100m due for repayment, it will borrow, (new loan ), a £100m and use the proceeds to pay off the old loan. These new loans skyrocket in interest because again, no one has any faith where Britain will be in 5 years time.

By buying Governmnet loans the BoE forces the price of loans up, the yield goes down (interest/price= yield) and it stabilises those 2 markets. But they had to do it because of the incompetence of the Chancellor, and they've wasted £65bn, money they could have used for the NHS etc

I thought the question from the Radio Nottingham interviewer to Dizzy Lizzie this morning was telling:

"Some people were worried about the cost of heating their homes. Now they are worried about keeping their homes".

She’s an absolute train wreck.

Inflation, rising interest rates, and heating are global issues-just like the pandemic.They are not specific to the U.K.!All of a sudden, it’s a Truss mistake.Very poor and short sighted.

It’s how she manages her way out of this that counts now.