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I think when reality plays out that will prove to be a blip. Whether you go by the IMF forecast or the expected BOE forecast the likelihood is that we’ll be below pre pandemic levels by the end of the quarter. Again.

You know it’s shit when the Telegraph puts its hands up. Sort of… https://www.telegraph.co.uk/business/2023/01/31/energy-tax-inflation/

This is hilarious

The mentalists. I think 30p Lee would be great Conservative Party chairman…. for the Labour Party. Give Gullis a job too and Desmond Swayne. Put all the nuttiest of the nut jobs in the front window of the Tory party. The more ridiculous they look the more normal people will turn away from them.

But it has been going on for months. He was red flagged when he first became a minister, the reasons why were reported last summer. It’s a stretch to suggest that this has suddenly crept up on Sunak. He’s got a bigger problem now anyway, he’s now got to explain why after sacking Zahawi for...

Still trying to work out why an inquiry into an inquiry was required. HMRC already had an inquiry, he was guilty. What else did Sunak need to know to come to the inevitable conclusion he was always going to have to come too?

Brexit bonus.

Still being cautious having been in the position of thinking we’ve been saved before but the no interest on loans statement is a welcome statement. Actually think it should be standard practice in football and legislated that loans from owners do not incur interest. Football would be less likely...

Has it? Might have missed it but all I heard Hunt say was that it’s unthinkable that it wouldn’t go to Euston. Didn’t commit to any date so the Sun article stating it won’t be until 2038 may still be right.

Boris is her first guest.

https://www.thetimes.co.uk/article/hs2-on-track-for-approval-after-tory-donors-warn-boris-johnson-dtpzlv79z

Highest in a year isn’t exactly bragging rights though. You have to put that into context. It’s bit like the Tories bragging that they’ve put 10k officers on the streets without acknowledging that they took off 20k first. The fact is this is largely catch-up following the events of last...

I’ve never suggested by any stretch of the imagination that the government is like a household. You’re adding your own context rather than admit that the government are issuing bonds to borrow the money to build HS2. Which is all I pointed out. The facts are the UK is seen as an unattractive...

In the case of HS2 the government has raised the public finances through bonds. So like I said, they’re borrowing it.

So like I said then. They’re borrowing it.

Not sure you understand how bonds work.

So like I said then, they’re borrowing the money.

Aren’t the government borrowing that money from the money market?

Just trying to get a handle on this. It is supposed to be 50 minutes faster from Birmingham to Euston, only now it’s not going to Euston. The suggestion is that it will now stop at Old Oak. Just checked, Old Oak to Euston is 40 minutes on existing stock. So basically that gives 10 minutes to get...