Brighton Sky Blue
Well-Known Member
Good to see Hoyle telling off an MP for calling a corrupt person corrupt
You’re going to have to tell us who or we’re going to be throwing names out all afternoon.Good to see Hoyle telling off an MP for calling a corrupt person corrupt
If we'd had years of investment in energy wouldn't we now be in a position where were we using renewables and not reliant on gas and therefore not be impacted by the current situation? What assurance is there that not taxing them will mean investment and not huge dividends?If she’s ruling out an exceptional tax on energy companies exceptional profits because she doesn’t want to hinder investment then surely she must have a guarantee of exceptional investment from the exceptional profits. Where is it?
You’re going to have to tell us who or we’re going to be throwing names out all afternoon.
Looks like we’re getting some new manager bounce. BOE confirms that interest rates are going to rise of the back of Truss’s plans for dealing with the energy crisis and the pound has just dropped to it’s lowest level since 1985 so expect petrol prices to rise again as well as anything else traded in USD, so basically everything.
Just to add the Maggie tribute act continues. Maggie was PM the last time the pound had so little value.
They are but the BOE has specifically said that Truss’ “plan” is going to drive them directly as supports the growth of inflation.Rates were rising anyway Tony. We can debate mechanisms of clawing back some of the assistance from energy companies via windfall tax, however, we all wanted/expected a freeze. It’s the right decision. As this ultimately puts cash back in peoples pockets (that they wouldn’t have had without cap) it gives BoE more freedom/ability to raise rates
Even with without a cap they have to raise rates to try to protect the currency as the yanks are increasing rates aggressively which is forcing us and EU to follow suit, even though we’re both raising into greater weakness.
Either way most currencies will keep getting smashed until US stops raising rates. The annoying thing is a decent amount of their inflation was driven by the Covid cheques they sent out which increased demand, combined with Covid supply constraints. Ours/EUs is nearly all directly/indirectly energy related due to war.
I see they’ve given up looking for the brexit opportunities. The minister for brexit opportunities position has been dropped. Shame really, we need those sunlit upland of no downside only considerable upside opportunities now more than ever. I’m starting to brexit was a lie.
I see they’ve given up looking for the brexit opportunities. The minister for brexit opportunities position has been dropped. Shame really, we need those sunlit upland of no downside only considerable upside opportunities now more than ever. I’m starting to brexit was a lie.
Climate change denier Jacob Rees-Mogg has been put in charge of tackling climate change.
I saw that yesterday. I mean even Boris managed to get a Desmond from Oxford and we all know what a lazy fuck he is, the fact she was asked to leave university after second year speaks volumes.A small aside about Therese Coffey, and also profile. It seems it's not her bigging up an Oxford link, and she clearly is quite academically bright... but everyone else wants to draw attention to it, and glide over the fact she never actually graduated from there!
Thérèse Coffey had to leave Oxford University – but made it to deputy PM
Liz Truss’s No 2 followed in Thatcher’s educational footsteps, studying chemistry at Somerville, but did not pass her examswww.theguardian.com
As I said, she does have a PhD from a good university, I'm not actually bothered about her academic capabilities, or her misleading.I saw that yesterday. I mean even Boris managed to get a Desmond from Oxford and we all know what a lazy fuck he is, the fact she was asked to leave university after second year speaks volumes.
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Braverman and Coffey are two others that seem to be comedy appointments for the roles they've been given and the views they hold.Fair play to Truss, this is next level trolling. Perhaps she'll bring back Jeffrey Archer and put him in charge of the Ministry of Justice.
Keir Starmer's response was devastating - clear, evidence based and statesmanlike.
Tory benches quiet, ashen faced, look stunned.
Of course it will be largely ignored by many commentators
The appointment of Rees Mogg says it allLifting the fracking ban is an environmental disaster waiting to happen that just helps us burn more of our own carbon rather than someone else’s. Terrible decision
It's a freeze rather than a cap .So are those energy caps good news?
How can the Tories blame Labour for not building nuclear power stations when its the Tories that have been in power for 13 years??
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The appointment of Rees Mogg says it all
It's a fifty year old issue really but they've had the majority of it.How can the Tories blame Labour for not building nuclear power stations when its the Tories that have been in power for 13 years??
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How can the Tories blame Labour for not building nuclear power stations when its the Tories that have been in power for 13 years??
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It's a freeze rather than a cap .
It's the overall best way to deliver the assistance even if it goes to those who don't need it
This is because it includes business and industry which also would have been decimated by leaving it alone .
The reason it's best delivered universal is because of it's overall effect on inflation although would like to see analysis but I think overall projected to knock 5% off inflation.. would like to know if that's after the effect of borrowing the money on sterling .
It would be preferable from profit's of war dividends against borrowing as that would support the currency more and should prevent like the drop in inflation needing to increase interest rates further than needed.
Lifting the fracking ban is an environmental disaster waiting to happen that just helps us burn more of our own carbon rather than someone else’s. Terrible decision
Good assessment. Both parties plans would have an immediate positive impact on bringing inflation down, however, both also considered as potentially ‘inflationary’ as people may have extra cash to spend elsewhere.
We need to make sure we still reduce demand though. Nobodys talking about this which is strange. Also i still can’t believe she has ruled out an extra windfall tax, i hope she’s getting some strong investment commitments in exchange…I won’t hold my breath but fingers crossed. All down to you now Kwarteng
INSULATION!!!
Im starting to see how people end up superglued to road furniture.
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