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Post by fintanstack on Sept 26, 2022 20:58:47 GMT
At the risk of getting a barrage I'm not sure how people have got themselves into this position,surely they factored in rate rises etc as we have done in the past,or is that to simple a view? Because all thinking was that the base rate wouldn’t go back over 3-4% . Of course it *could* and everyone with half a brain knows this but that’s what nearly every pundit was saying . Just waiting for someone to come along and say it’s was 15% in my day 🙄 It was 15% when I bought my first house. That was during another recession caused by years of Tory mismanagement too. Vote Tory and expect to subsidise the rich. House prices were much lower then though as the full amount of damage from the sell off of council housing had not fully kicked in. |
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Post by Gassy on Sept 26, 2022 21:15:50 GMT
I've just actually had a thought - you know we might as well rent our place out for what the mortgage costs for a year or 2 and go to live in Croatia during that time. We'd have free/extremely cheap childcare and rent would cost us £1000 a month for an amazing place. We'd save £5k a month doing that. What a country this is f*cking hell Hope you and your wife aren’t going to Split ! In the words of Baggins: Get out. |
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pirate
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Post by pirate on Sept 26, 2022 21:30:15 GMT
Might not be the correct thread to post this, but I found the two films fascinating viewing.
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yattongas
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Post by yattongas on Sept 26, 2022 21:52:59 GMT
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Post by peterparker on Sept 27, 2022 8:18:47 GMT
some strong stuff from Peter Oborne. The worst case scenario picture painting is the sort of things that will all think happen to other countries, not Britain. I don't think we will get there, but never say never
Pressure is definitely on Truss and Kwarteng already
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stuart1974
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Post by stuart1974 on Sept 27, 2022 13:37:54 GMT
"Liz Truss had to be convinced to issue a government statement yesterday to calm the markets, Sky News understands. Faced with market turmoil, spiking borrowing costs and the drop in the value of the pound in the foreign exchange markets, the prime minister's initial instinct was to stand firm and say little or nothing, unwilling to look like she might be shifting position. However, after a meeting with Chancellor Kwasi Kwarteng yesterday, she agreed the Treasury would issue a statement promising further details on 23 November on how the government would ensure borrowing would not spiral out of control. In effect this gives the government eight weeks to come up with a plan to stabilise the markets - likely to involve spending cuts in Whitehall, public services, investment and probably welfare." news.sky.com/story/liz-truss-had-to-be-convinced-to-issue-govt-statement-to-calm-markets-after-meeting-with-chancellor-12706352 |
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Post by peterparker on Sept 27, 2022 13:39:21 GMT
"Liz Truss had to be convinced to issue a government statement yesterday to calm the markets, Sky News understands. Faced with market turmoil, spiking borrowing costs and the drop in the value of the pound in the foreign exchange markets, the prime minister's initial instinct was to stand firm and say little or nothing, unwilling to look like she might be shifting position. However, after a meeting with Chancellor Kwasi Kwarteng yesterday, she agreed the Treasury would issue a statement promising further details on 23 November on how the government would ensure borrowing would not spiral out of control. In effect this gives the government eight weeks to come up with a plan to stabilise the markets - likely to involve spending cuts in Whitehall, public services, investment and probably welfare." news.sky.com/story/liz-truss-had-to-be-convinced-to-issue-govt-statement-to-calm-markets-after-meeting-with-chancellor-12706352beat me too it. Sounds like 8 weeks to save her job that. Not sure how well cuts to welfare, NHS and public services are going to go down though |
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stuart1974
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Post by stuart1974 on Sept 27, 2022 13:42:03 GMT
"Liz Truss had to be convinced to issue a government statement yesterday to calm the markets, Sky News understands. Faced with market turmoil, spiking borrowing costs and the drop in the value of the pound in the foreign exchange markets, the prime minister's initial instinct was to stand firm and say little or nothing, unwilling to look like she might be shifting position. However, after a meeting with Chancellor Kwasi Kwarteng yesterday, she agreed the Treasury would issue a statement promising further details on 23 November on how the government would ensure borrowing would not spiral out of control. In effect this gives the government eight weeks to come up with a plan to stabilise the markets - likely to involve spending cuts in Whitehall, public services, investment and probably welfare." news.sky.com/story/liz-truss-had-to-be-convinced-to-issue-govt-statement-to-calm-markets-after-meeting-with-chancellor-12706352beat me too it. Sounds like 8 weeks to save her job that. Not sure how well cuts to welfare, NHS and public services are going to go down though I suspect it's just a way to buy time. As Sir Humphrey said, so does a time bomb!! I have my doubts that they do have any ideas, just hoping to calm the market by indicating they may. |
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stuart1974
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Post by stuart1974 on Sept 27, 2022 13:55:48 GMT
Starmer has just ruled out a deal with the SNP.
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yattongas
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Post by yattongas on Sept 27, 2022 13:56:08 GMT
Good speech by sir Kier Starmer
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Post by drawnandquartered on Sept 27, 2022 14:03:31 GMT
Good speech by sir Kier Starmer he absolutely smashed it! A glorious feeling of inevitability to labour’s ascension now. Just covered every topic perfectly, great British power sounds wonderful too! |
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yattongas
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Post by yattongas on Sept 27, 2022 14:21:36 GMT
Good speech by sir Kier Starmer he absolutely smashed it! A glorious feeling of inevitability to labour’s ascension now. Just covered every topic perfectly, great British power sounds wonderful too! Yep he was good , best speech I’ve heard him ( radio ) give so far . He had a certain confidence today and a little more passion in his voice . Some great policies announced, loving the green stuff . They can’t lose it from here can they ? 😱 |
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Post by drawnandquartered on Sept 27, 2022 14:42:19 GMT
he absolutely smashed it! A glorious feeling of inevitability to labour’s ascension now. Just covered every topic perfectly, great British power sounds wonderful too! Yep he was good , best speech I’ve heard him ( radio ) give so far . He had a certain confidence today and a little more passion in his voice . Some great policies announced, loving the green stuff . They can’t lose it from here can they ? 😱 I really don’t think they can. It’s just one of those times of shift, thatcher had it as did Blair and perhaps equally tragically Cameron as well. John smith also , there are just moments of sheer inevitably. A bit like the feeling on the day against Scunthorpe really! I have a really romantic idea of how great Corbyn might have been but to win you have to have the centre not bring the centre to you and for me starmer has consistently shown Corbyn and the conservatives to be absolute lightweights. |
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stuart1974
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Post by stuart1974 on Sept 27, 2022 15:06:17 GMT
Rupa Huq suspended, no real choice there.
In the meantime, "The Bank of England's chief economist has said the government's mini-budget, which led to the pound falling to a record low against the dollar, will require "a significant monetary policy response".
Speaking at the International Monetary Policy Forum, Huw Pill reasserted the Bank of England's willingness to act to rein in inflation.
"I think it's hard not to draw the conclusion that all this will require a significant monetary policy response. Let me leave it there," he said."
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yattongas
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Post by yattongas on Sept 27, 2022 16:05:36 GMT
Nationwide 5.59 % for a 2 yr fixed rate .
This is the start of the housing price collapse.
Well done to all Tory voters and backers of Brexit . You’ve played a blinder 👍
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Post by baggins on Sept 27, 2022 16:13:33 GMT
Would anyone actually want to be the next Govt having to clear up all the mess left by this lot?
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pirate
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Post by pirate on Sept 27, 2022 16:14:50 GMT
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Post by oldie on Sept 27, 2022 16:37:33 GMT
Would anyone actually want to be the next Govt having to clear up all the mess left by this lot? Yes. Because we have to. Just like 1997. |
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yattongas
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Post by yattongas on Sept 27, 2022 16:43:36 GMT
Would anyone actually want to be the next Govt having to clear up all the mess left by this lot? Luckily they fixed the roof when the sun was shining 🙄 After this , they should be out of power for a generation at least . |
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yattongas
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Post by yattongas on Sept 27, 2022 16:55:20 GMT
But Brown sold all the gold……
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