Good timing from Corbo
‘Ex-Labour MP Zarah Sultana has accused Jeremy Corbyn of overseeing a "sexist boys' club" locking women out of the founding of a new left-wing party the pair announced earlier this year’
https://www.bbc.co.uk/news/articles/cgkn3v1e7g3o.amp
Agreed. It’s got to be done. By the time I’m able to draw a state pension I reckon it will be means tested. A disgrace for people who’ve ‘paid in’ all their lives (we all know NIC is just an extra tax though) but that’s the reality of the situation.
As I said above, check the situation in...
But people keep talking about cuts and yet the extra borrowing and tax this government have brought in should generate an extra £300-400bn during the parliament. Unfortunately spending is accelerating also
Nobody wants to take the tough choices, do we keep triple lock, do we allow an ever...
And that’s the lefts answer, try to control spending and you’ll get civil war 🤷♂️. This isn’t even cuts it’s about slowing the acceleration to a more sustainable level
There’s plenty of truth in what you say but the constant ‘no’ to everything is exactly why the bond markets have been...
Yeah, it’s mental. Theres a good justification to reduce their balance sheet, to give more wriggle room in a crisis but it’s been awful timing. It’s led to big losses at worst time to replace debt and led to higher longer bonds yields by all accounts, so cost the treasury a fortune. Could’ve...
For anyone interested and not fast asleep after my post, this is a pretty good explanation of QE
https://www.bankofengland.co.uk/monetary-policy/quantitative-easing
I’m no economist and it’s complex but I will try to explain my view…you might be better trying Google Ai though !
Firstly, I’d imagine if you proposed this the market for U.K. gilts would collapse as anyone holding would likely sell off due to uncertainty and knowing they are being paid back...
If the investment guarantees growth which outpaces the increase in borrowing costs I agree. Confidence in the government delivering that….hmmmmm
As I’ve said before I genuinely think we and various other developed economies like France, Japan, even US plus various others are in pretty big...
Pretty sure the government has increased taxes by £40bn pa and changed fiscal rules to increase borrowing by the same per annum. Combined that’s an extra £300-£400bn over the parliament
We currently spend £100bn+ pa servicing debt. Inflation is still nearly double target. You borrow more and...
Not from the details I’ve heard/read Pete (happy to share if I can dig out). Only caveat and something I agree with Unite on is there is no way senior people in the shambles of BCC should’ve have had any pay rise. Residents have had a 20% increase in council tax in two years and are getting...
Both Scotland and wales have been run with further left policies than Westminster for years, pretty sure spending more on health and education per person yet where’s it got them ? Poor delivery, worse results and some corruption thrown in (doesn’t any different to what we get but costs more)...
Really ? Abbott has suffered a lot of disgusting racism over the years but I don’t see this having any bearing on these texts/comments, or certainly not the ones I’ve seen
My initial thoughts would be that it’s due to the fact that she’s been quite a large lady and I’d imagine a domineering...