shmmeee
Well-Known Member
That’s nothing to do with the gilt market.
Good. I'm sure you agree then that any prospective cuts to the welfare bill are unnecessary.
Hmm. A whole 2 weeks sample size.
The cost of "borrowing" is and the ground is being primed for more cuts in order to meet the fiscal rules.That’s nothing to do with the gilt market.
Yep both resigned and Farage is now prime minister with Lowe as chancellorHas Starmer or Reeves gone yet ?
Will Starmer’s votes of confidence turn out to be kisses of death like those of football club’s chairman I wonder.The cost of "borrowing" is and the ground is being primed for more cuts in order to meet the fiscal rules.
Keir Starmer says Treasury will be ruthless on public spending cuts
Chancellor’s tough approach to public spending ‘absolutely right’, says PM after cost of government borrowing rosewww.theguardian.com
I’m not sure I totally understood it tbh.Two weeks where people who repeat whatever the Mail front page says have been on about how terrible it’s been. I’ve posted a 14 year sample earlier in the thread and you didn’t like that either surprisingly.
That’s nothing to do with the gilt market.
I’m not sure I get the joke MalcolmFrom FaceBook. Is this plea each or between them.
I’m not sure I get the joke Malcolm
It does to an extent. The markets want to see control over spending ie government is likely to be able to repay the debt and they will be getting back a good return
Obviously we always will always repay as we can just print more, however, that can cause inflation/debase the currency which means that people want higher yields to lend the government money (as that £ lent today will be worth less in 2, 5 or 10 years due to inflation/debasing)…..and so the spiral continues.
That’s why this week the yields dropped, not because of any government policy in here and the U.S, but because of the better than expected inflation figures. Both were coming down from high levels though
Also our yields apparently follow US more closely as both rely on a high amount of external/foreign investors so at the moment lenders want good yields from
us otherwise they’d rather lend to US which has far better growth/growth prospects - think that’s right anyway.
I’m not sure I totally understood it tbh.
I think my initial thought was that somehow the economic position at the time needed to be taken into to account when considering the relative movements at that time. That position seemed worse for Truss than it did/ does for Reeves - so an apparently smaller worsening for the latter may actually be a bigger issue than seen at first sight.
The economic position during Truss’s time would have been down to the Tories - as would it for Reeves time despite Starmer talking the economy down. Which statement will probably have you apoplectic
The cost of "borrowing" is and the ground is being primed for more cuts in order to meet the fiscal rules.
Keir Starmer says Treasury will be ruthless on public spending cuts
Chancellor’s tough approach to public spending ‘absolutely right’, says PM after cost of government borrowing rosewww.theguardian.com
Gilts and GBP have been more stable under Reeves so far than any chancellor of the last 14 years. Thats what that graph shows.
Yep both resigned and Farage is now prime minister with Lowe as chancellor
We are about to declare war on Poland
No it hasn't, I worked in the civil service for 7 yearsYou’re mixing up stories here. Firstly the Treasury always asks for ruthless cuts, it’s the treasury. That’s its job.
Secondly as I said to Steve this story has nothing to do with the current finances. It was always accounted for as it was planned under the Tories.
No it hasn't, I worked in the civil service for 7 years
Nobody has said that. The treasury expect you not to go asking for more money. It's only a austerity era thing that they come to try and take budget away.And you think the treasury doesn’t always ask for as little money as possible to be spent? Feel free to show me some evidence of the treasury saying “hey guys don’t worry about departmental spend”
I notice you avoided the main point of my reply. I’ll assume that means you accept you were wrong.
No it’s nothing to do with the gilt market because it was already accounted for in plans as it was implemented by the Tories. To cancel it now would mean the money would have to be found elsewhere (MMT arguments aside FP)
Ok it may be safe to returnYep both resigned and Farage is now prime minister with Lowe as chancellor
We are about to declare war on Poland
Neither can the Conservatives or Labour, just look at both front benches!Could you imagine a Reform govt?
They can’t even get two competent MPs together.
More than Labour though.Could you imagine a Reform govt?
They can’t even get two competent MPs together.
Yes and why she will probably never be C&U Tory prime minister, as many old skool racist Torys will struggle to vote for her (probably a few on here too if they were honest)Isn’t the leader of the opposition a brown person?
The Home Office said on Thursday it had returned more than 16,400 “immigration offenders and foreign criminals” since the election in July, the highest six-month total since 2018.
The department said in a statement that enforced returns were up 24% compared with the previous 12 months. Since July, 2,580 of those removed had been convicted criminals from overseas – a 23% increase on last year, it said.
Yes and why she will probably never be C&U Tory prime minister, as many old skool racist Torys will struggle to vote for her (probably a few on here too if they were honest)
Which is why Reform could genuinely push Labour and be 2nd party at next election.
Will C&U ever invite Farage to be their leader? Would be no stopping them then.
May be it isn’t a joke?I’m not sure I get the joke Malcolm
I’m not sure I get the joke Malcolm
I'm not sure I do - what is it that Afghanistan, Syria, India, Pakistan and every country in Africa have in common that I should be thinking about here?I think you probably get its point even if you don’t agree with it
Which African countries have space or nuclear weapons programs? Have Syria or Afghanistan started one up without me noticing? Just trying to figure out why you're lumping these countries together.Perhaps if we didn’t send so much foreign aid overseas to countries with space and / or nuclear weapons programmes we would have the wherewithal to prevent or protect communities in the UK from the devastating effects of flooding
Go tell people whose houses have been devastated by floods and sewage and who have lost everything of sentimental value that it is only a little bit of water.It's funny because a little bit of water means we deserve as much aid as those facing famine and war.I’m not sure I get the joke Malcolm
India and Pakistan both have space programs which started in the 1960's and also nuclear weapons.Which African countries have space or nuclear weapons programs? Have Syria or Afghanistan started one up without me noticing? Just trying to figure out why you're lumping these countries together.
I'm not sure I do - what is it that Afghanistan, Syria, India, Pakistan and every country in Africa have in common that I should be thinking about here?
so you say, I would rather understand the graph myself than take your word as gospel. Sorry about that.Gilts and GBP have been more stable under Reeves so far than any chancellor of the last 14 years. Thats what that graph shows.
wouldn't one be more than Labour?More than Labour though.
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