This page is no longer updated, and is the old forum. For new topics visit the New HOL forum.
Register | Edit Profile | Subscriptions | Forum Rules | Log In
nead1 28 Sep 22 7.11pm | |
---|---|
Really - "is it as bad as the moaners are saying; no it is not" That's certainly not my view. the Bank of England having to intervene to essentially prop up pension funds that are on the risk of default. £5bn a day for 13 days to try and stabilise things! Not only was the whole "fiscal event" incredibly ill judged but on a philosophical level, why should we be borrowing to fund tax cuts for highly paid people? Equally, the whole package set the Govt on a collision course with the Bank of England - one trying to control inflation and the other stoking it up. No wonder there was no Office of Budget Responsibility analysis undertaken. The Govt "strategy" if you can call it that, is, of course the dream of the Brexit idealogues; low tax, de-regulate and create the Singapore on Thames so many of them endlessly talk about. Small wonder that John Redwood was sent out to defend it!
|
|
Alert a moderator to this post |
cryrst The garden of England 28 Sep 22 7.38pm | |
---|---|
Originally posted by nead1
Really - "is it as bad as the moaners are saying; no it is not" That's certainly not my view. the Bank of England having to intervene to essentially prop up pension funds that are on the risk of default. £5bn a day for 13 days to try and stabilise things! Not only was the whole "fiscal event" incredibly ill judged but on a philosophical level, why should we be borrowing to fund tax cuts for highly paid people? Equally, the whole package set the Govt on a collision course with the Bank of England - one trying to control inflation and the other stoking it up. No wonder there was no Office of Budget Responsibility analysis undertaken. The Govt "strategy" if you can call it that, is, of course the dream of the Brexit idealogues; low tax, de-regulate and create the Singapore on Thames so many of them endlessly talk about. Small wonder that John Redwood was sent out to defend it! I honestly thought this benefited all workers who pay tax and NI.
|
|
Alert a moderator to this post |
steeleye20 Croydon 29 Sep 22 11.22am | |
---|---|
'Truss and Treasury secretary fail to reassure markets as bond yields rise, stock market tumbles and pound slides'. This whole disaster is actually bad for growth, a long recession is now forecast all this pain for families and businesses was totally avoidable. It is not as if the actually had a forecast or any figures to show us, because they were not in control from day one and haven't got a clue what they are doing.
|
|
Alert a moderator to this post |
Hrolf The Ganger 29 Sep 22 12.39pm | |
---|---|
Originally posted by steeleye20
'Truss and Treasury secretary fail to reassure markets as bond yields rise, stock market tumbles and pound slides'. This whole disaster is actually bad for growth, a long recession is now forecast all this pain for families and businesses was totally avoidable. It is not as if the actually had a forecast or any figures to show us, because they were not in control from day one and haven't got a clue what they are doing.
What amuses me is how the opposition and other interested parties who stand to benefit from the current situation are making the problem worse by being negative and spreading doom and gloom. Keir Starmer cares not one hoot for the common man. His only interest is political gain. I have just lost 8k on an investment hub, wiping out half of a decade of gain. Even property value seems under threat now. Most people will suffer from the current economic climate to a greater or lesser extent, and maybe, just maybe, the Lefty media, the opposition and idiot Tory back benchers should have thought about the consequences of ousting Johnson and his cabinet during a period of upheaval. Did it serve anyone or anything except their careers and their blinkered ideology?
|
|
Alert a moderator to this post |
cryrst The garden of England 29 Sep 22 1.09pm | |
---|---|
Originally posted by steeleye20
'Truss and Treasury secretary fail to reassure markets as bond yields rise, stock market tumbles and pound slides'. This whole disaster is actually bad for growth, a long recession is now forecast all this pain for families and businesses was totally avoidable. It is not as if the actually had a forecast or any figures to show us, because they were not in control from day one and haven't got a clue what they are doing.
Apart from energy prices, we are in the same boat than a lot of the world. this isnt just a UK problem.
|
|
Alert a moderator to this post |
steeleye20 Croydon 29 Sep 22 1.51pm | |
---|---|
Originally posted by cryrst
Apart from energy prices, we are in the same boat than a lot of the world. this isnt just a UK problem. The rest of the world has not had a Truss mini-budget. And there is no gain, only pain.
|
|
Alert a moderator to this post |
The Dolphin 29 Sep 22 2.26pm | |
---|---|
Anyone care to mention the £ is close to $1.1 - thought not.
|
|
Alert a moderator to this post |
Henry of Peckham Eton Mess 29 Sep 22 7.17pm | |
---|---|
How long have these clowns got before we can get rid of them? The Tories will probably struggle for decades if they don't turn their ship.
Denial is not just a river in Egypt |
|
Alert a moderator to this post |
Bert the Head Epsom 29 Sep 22 7.53pm | |
---|---|
Originally posted by cryrst
Apart from energy prices, we are in the same boat than a lot of the world. this isnt just a UK problem. Everyone knows the run on the pound and the intervention of the BofE is a result of the mini budget other than the delusional.
|
|
Alert a moderator to this post |
steeleye20 Croydon 29 Sep 22 7.59pm | |
---|---|
'Claiming that cutting taxes on the richest individuals and largest companies will lead to a surge in economic growth betrays a wilful naivety'. Labour building massive lead in the polls, one has 33 points lead.
|
|
Alert a moderator to this post |
dreamwaverider London 29 Sep 22 8.18pm | |
---|---|
Originally posted by Henry of Peckham
How long have these clowns got before we can get rid of them? The Tories will probably struggle for decades if they don't turn their ship. If things get much worse, when you ring the ground to ask what time kick off is, they will say ‘What time can you make it for sir. ‘
|
|
Alert a moderator to this post |
cryrst The garden of England 29 Sep 22 8.48pm | |
---|---|
Originally posted by steeleye20
'Claiming that cutting taxes on the richest individuals and largest companies will lead to a surge in economic growth betrays a wilful naivety'. Labour building massive lead in the polls, one has 33 points lead.
Yup I hope they win. I don’t recall a time when they got into power and the bank account was empty which may be the case. Very interesting if it happens. How long will they blame the tories for when it fails so very badly. Cmon kier do the business and sort this country out. It’s simple as all you need to do is bring down the 40% tax bracket to 35k. I mean earning that much makes you seriously minted.
|
|
Alert a moderator to this post |
Registration is now on our new message board
To login with your existing username you will need to convert your account over to the new message board.
All images and text on this site are copyright © 1999-2024 The Holmesdale Online, unless otherwise stated.
Web Design by Guntrisoft Ltd.