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New prime minister
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 Jacey  08 Sep 22 10.07am |
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Could not believe the ease in which Truss brushed aside that ghastly, dreary,boring Starmer,who has had such an easy ride to date with Boris Johnson's failings and perhaps,things are looking brighter for the Tories.
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HKOwen  Hong Kong 08 Sep 22 10.34am |
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Labour's " Red Bus " mantra os energy companies have 170bn in profits, this is an assimptive guess from an Op Ed so totally misleading and they know it. Labour's own number on additional windfall tax revenue was 8 billion, which a lot of cash but less than 10% of the likely cost of the energy bail out which Truss is likely to announce. If there is an alternative to borrowing then someone please say what it is. This in economic terms is war time event, we need to look forward not back. Edited by HKOwen (08 Sep 2022 1.36pm)
Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance. |
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| The Dolphin 08 Sep 22 10.58am |
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Since when has the opposition - all parties I might add - ever let the truth get in the way of a good story.
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croydon proud  Any european country i fancy! 08 Sep 22 1.01pm |
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Originally posted by Jacey
Could not believe the ease in which Truss brushed aside that ghastly, dreary,boring Starmer,who has had such an easy ride to date with Boris Johnson's failings and perhaps,things are looking brighter for the Tories. Starmer got his revenge today- the new chancellor had his head in his hands, picking apart all things he had said in the past year- opposite to lizzys speach- oh well,it was nice while it lasted!
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Henry of Peckham  Eton Mess 23 Sep 22 11.22am |
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In Liz we Truss? I think not. Just heard the new Chancellor's speech. They stopped just short of having an open day at the BoE for each Tory party member to help themselves to a few gold bars. What a disaster ... fasten your seat belts we're in for a very rough ride!
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 SW19 CPFC Addiscombe West 23 Sep 22 11.29am |
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Originally posted by Henry of Peckham
In Liz we Truss? I think not. Just heard the new Chancellor's speech. They stopped just short of having an open day at the BoE for each Tory party member to help themselves to a few gold bars. What a disaster ... fasten your seat belts we're in for a very rough ride! I tend to agree. It's an attempt at Jazz hands to distract from the multiple fails occurring at every level within Government. Not sure the BoE would welcome them to an open day though – they're on a collision course Also the fracking ban being lifted is a total red herring, absolutely pointless – clearly lobbied by some moneyed charlatans in exchange for support and donations. Anyone worried about fracking becoming a thing again would do well to listen to the ex-CEO of cuadrilla talking earlier this week – they can lift the ban, but it's dead in the UK. That ship sailed 10 years ago. In summary, Chucky is clueless.
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| HKOwen Hong Kong 23 Sep 22 11.34am |
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Originally posted by SW19 CPFC
I tend to agree. It's an attempt at Jazz hands to distract from the multiple fails occurring at every level within Government. Not sure the BoE would welcome them to an open day though – they're on a collision course Also the fracking ban being lifted is a total red herring, absolutely pointless – clearly lobbied by some moneyed charlatans in exchange for support and donations. Anyone worried about fracking becoming a thing again would do well to listen to the ex-CEO of cuadrilla talking earlier this week – they can lift the ban, but it's dead in the UK. That ship sailed 10 years ago. In summary, Chucky is clueless.
For the foreseeable any domestic source of energy needs to be exploited while we shift the fuel mix of generation. Decades of poor decisions going back to the late 90's
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| Badger11 Beckenham 23 Sep 22 11.37am |
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Originally posted by SW19 CPFC
I tend to agree. It's an attempt at Jazz hands to distract from the multiple fails occurring at every level within Government. Not sure the BoE would welcome them to an open day though – they're on a collision course Also the fracking ban being lifted is a total red herring, absolutely pointless – clearly lobbied by some moneyed charlatans in exchange for support and donations. Anyone worried about fracking becoming a thing again would do well to listen to the ex-CEO of cuadrilla talking earlier this week – they can lift the ban, but it's dead in the UK. That ship sailed 10 years ago. In summary, Chucky is clueless. Great expression. I am not against tax cuts but I am doubtful as to how this will improve our economy and help the poor. If it does great.
One more point |
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| HKOwen Hong Kong 23 Sep 22 11.41am |
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Economic policy at a macro level always has a lot of moving parts that influence each other. There is apparently a forecast that basically says if the economy can grow 1% a year in the next five years the cost of todays announcements become self funding. Let's hope it all works out on the positive side. To be fair Reeves and Labour have no alternatives and just throw out old, tired cliches and sound bites.
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| SW19 CPFC Addiscombe West 23 Sep 22 11.44am |
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Originally posted by HKOwen
Economic policy at a macro level always has a lot of moving parts that influence each other. There is apparently a forecast that basically says if the economy can grow 1% a year in the next five years the cost of todays announcements become self funding. Let's hope it all works out on the positive side. To be fair Reeves and Labour have no alternatives and just throw out old, tired cliches and sound bites. 'Let's hope' Brilliant. The FT also hope this works. Certainly don't sound optimistic about it. '£45 billion of tax cuts. This is biggest tax cutting event since 1972. Barber's "dash for growth" then ended in disaster. That Budget is now known as the worst of modern times. Genuinely, I hope this one works very much better.'
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| Rudi Hedman Caterham 23 Sep 22 11.46am |
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I think there’ll be an ele.ction in 2023 rather than 2024. They know there’s a good chance and they’re cutting the hell out of taxes while having to hand out support. We have a PM who very few have confidence in during the most turbulent times. Take a big risk in round 12, may as well. Clear the decks when the party (power) is over.
COYP |
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| SW19 CPFC Addiscombe West 23 Sep 22 11.46am |
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Originally posted by HKOwen
Economic policy at a macro level always has a lot of moving parts that influence each other. There is apparently a forecast that basically says if the economy can grow 1% a year in the next five years the cost of todays announcements become self funding. Let's hope it all works out on the positive side. To be fair Reeves and Labour have no alternatives and just throw out old, tired cliches and sound bites. An assumption that the opposition could do no better is not a reason to support this dross It's a knee-jerk attempt at populist policy (for core tory voters) that on current probability will backfire massively. Markets appear to agree. Pound and yields doing brilliantly
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