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GPR - Rochester View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GPR - Rochester Quote  Post ReplyReply Direct Link To This Post Posted: 30 September 2022 at 10:52am
Originally posted by dyniol53 dyniol53 wrote:

Inflation is the real menace, but the BoE can’t actually tackle it without bursting the housing bubble which is basically the voter base holding up the Tory party…

Rock … hardplace.

Indeed Dyniol but wait a minute I thought the BOE were totally independent - shock horror don't tell me that the BOE is influenced the the government who actually appoint the governor - but thats another story. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Oracle Quote  Post ReplyReply Direct Link To This Post Posted: 30 September 2022 at 11:39am
Its incredible that the markets and pound strength increased when labour were shown to have a 33 point lead.....That must have been a first
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Oracle Quote  Post ReplyReply Direct Link To This Post Posted: 30 September 2022 at 11:47am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Legendinmybathroom Quote  Post ReplyReply Direct Link To This Post Posted: 30 September 2022 at 4:31pm
Originally posted by dyniol53 dyniol53 wrote:

Originally posted by Oracle Oracle wrote:

its crazy to think that we could quickly negotiate a trade deal with Europe,  because that is the elephant in the room... its time to admit the brexit was the biggest case of self harm ever,  and was based on less and Russian money... we can't go back because that door is now closed, but with the way the world is we need to keep our friends close

Whatever you’re smoking… it’s too early.

The EU’s energy situation in both France and Germany is much more fragile than our own.

As Doc has said. Pound is now back to where it was before the tax cuts were announced. A little rollercoaster to get there but only took 7 days and about 60bn pocket money from the BoE 

It’s only where it is because the BOE intervened to the tune of £65 billion to try and stabilise the markets and rescue peoples hard earned pensions.  If the BOE didn’t intervene in the way that they did, the pound would have dived even further than it did following last Fridays announcement.  I’m seriously concerned that the pound doesn’t dive again as any further announcements from kamikaze Kwarten could spook the markets even more.
All the financial institutions and experts predicted this would happen and that it would lead to higher interest rates, that trickle down economics wouldn’t work (and it failed the last time) but Kamikaze Kwarten and Truss only took on the advice of they advisors and went ahead anyway.
I watched Question Time last night and there was a young woman in the audience who stated that she recieved a new mortgage offer this week (as a result of the mini budget and resulting BOE intervention) which had almost doubled in days, whilst over 70 different mortgage products had been removed as well.
As an analyst stated this week you have the Tory government heading in one direct whilst the BOE are drastically trying to pull in the opposite direction in order to save the pound and the whole of the UK economy.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dr_martinov Quote  Post ReplyReply Direct Link To This Post Posted: 03 October 2022 at 8:21am
Well, well, well. Kwertz and Truss have now U-turned on the 45p tax abolishment. They realised too many Tory MPs were unhappy and may not even vote it through.

Kwertz: "Most importantly, I've listened to voters".

LOL Do give over you spiv. 

Links to Truss stating all decisions were Kwerteng's recently as well, despite all the tough talk "I believe it's the right thing to do", "prepared to be unpopular", "this was the only choice" etc.

This is all due to the two of them leading essentially a minority faction within the Conservative Party so are in a weak political position with very strong unorthodox ideology: not exactly the best combination.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GPR - Rochester Quote  Post ReplyReply Direct Link To This Post Posted: 03 October 2022 at 8:24am
Originally posted by dr_martinov dr_martinov wrote:

Well, well, well. Kwertz and Truss have now U-turned on the 45p tax abolishment. They realised too many Tory MPs were unhappy and may not even vote it through.

Kwertz: "Most importantly, I've listened to voters".

LOL Do give over you spiv. 

Links to Truss stating all decisions were Kwerteng's recently as well, despite all the tough talk "I believe it's the right thing to do", "prepared to be unpopular", "this was the only choice" etc.

This is all due to the two of them leading essentially a minority faction within the Conservative Party so are in a weak political position with very strong unorthodox ideology: not exactly the best combination.

It will end in tears but unfortunately no bankers will be crying.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dr_martinov Quote  Post ReplyReply Direct Link To This Post Posted: 03 October 2022 at 10:06am
Followed by announcing 18 billion cuts to public services:

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Post Options Post Options   Thanks (0) Thanks(0)   Quote roy munster Quote  Post ReplyReply Direct Link To This Post Posted: 03 October 2022 at 4:01pm
Originally posted by dr_martinov dr_martinov wrote:

Followed by announcing 18 billion cuts to public services:


buried under the headlinesUnhappy
ROYMOND MUNTER MBE (FOR SERVICES TO THE COMBOVER)
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Oracle Quote  Post ReplyReply Direct Link To This Post Posted: 03 October 2022 at 5:25pm
Its not funny I know but Boris killed your grandmother during covid , then partied when he didn't allow you to attend it ...now kwazi is going to cut back on social services , so bye bye  grandad OuchAngry
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Legendinmybathroom Quote  Post ReplyReply Direct Link To This Post Posted: 04 October 2022 at 12:12am
Originally posted by dr_martinov dr_martinov wrote:

Well, well, well. Kwertz and Truss have now U-turned on the 45p tax abolishment. They realised too many Tory MPs were unhappy and may not even vote it through.

Kwertz: "Most importantly, I've listened to voters".

LOL Do give over you spiv. 

Links to Truss stating all decisions were Kwerteng's recently as well, despite all the tough talk "I believe it's the right thing to do", "prepared to be unpopular", "this was the only choice" etc.

This is all due to the two of them leading essentially a minority faction within the Conservative Party so are in a weak political position with very strong unorthodox ideology: not exactly the best combination.

And to think that he had the cheek to joke about it, saying that it caused a little bit of a stir/panic in the markets, followed by some laughter from the listeners.  
This could be seen as the Tory party laughing at the millions of people who were really dreading the next few years of austerity and high interest rates and mortgage repayments. 
It now appears that the average monthly mortgage repayments could rise by upwards of £750 if interest rates go up by the predicted 1.25% in the coming weeks.  That increase will dwarf the increases in fuel bills and any savings from government support for fuel costs/bills.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dr_martinov Quote  Post ReplyReply Direct Link To This Post Posted: 04 October 2022 at 7:44am
Asked about the forthcoming benefits cuts, this was a response:

"Ms Truss told the BBC the government had to be "fiscally responsible" and bring debt down."

So a Government which borrows 200 billion to fund tax cuts that favour the rich and business then uses the argument they are cutting benefits to "bring debt down". 

Why don't journalists hold them to this flawed logic? 

I am glad to see anger is building and even the soft Tory BBC political journalists are starting to now probe, sensing mass public opinion is changing. There are too many uncaring ministers like Berry telling people to get better paid jobs, it's massively out of touch.

Also spare a thought for the treasury underlings sent out to defend that 45p abolishing plan.... They must feel like tools. 

The country needs long term investment and development of skills, facilities, people, not these tax breaks for the richest and assault on all other income brackets, which is such a flawed strategy let alone how it comes across.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dr_martinov Quote  Post ReplyReply Direct Link To This Post Posted: 13 October 2022 at 1:09pm
"Downing Street states there will be no U-turn on mini-budget" - am today.

Several news sources reporting "active discussions" on scrapping parts of mini-budget are underway. - pm today.

This Government is an utter mess and no one in it seems to know what's going on, or is deliberately misleading the press. In either case, they are a disaster. KK may well be for the chop but Truss however is the one appointed him with the full pledge of high borrowing to support tax breaks for the rich. She did exactly what she said she would and the 80,000 Tory members voted for.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GPR - Rochester Quote  Post ReplyReply Direct Link To This Post Posted: 13 October 2022 at 1:35pm
Originally posted by dr_martinov dr_martinov wrote:

"Downing Street states there will be no U-turn on mini-budget" - am today.

Several news sources reporting "active discussions" on scrapping parts of mini-budget are underway. - pm today.

This Government is an utter mess and no one in it seems to know what's going on, or is deliberately misleading the press. In either case, they are a disaster. KK may well be for the chop but Truss however is the one appointed him with the full pledge of high borrowing to support tax breaks for the rich. She did exactly what she said she would and the 80,000 Tory members voted for.

She is trying to be careful in saying that she will not cut services to pay for the tax cuts. Why Starmer didn't press her on whether she meant no real cuts as everyone is aware that inflation is running at record recent levels and keeping spending the same does theoretically mean no cuts but he didn't.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote greypower1 Quote  Post ReplyReply Direct Link To This Post Posted: 13 October 2022 at 2:53pm
Originally posted by GPR - Rochester GPR - Rochester wrote:

Originally posted by dr_martinov dr_martinov wrote:

"Downing Street states there will be no U-turn on mini-budget" - am today.

Several news sources reporting "active discussions" on scrapping parts of mini-budget are underway. - pm today.

This Government is an utter mess and no one in it seems to know what's going on, or is deliberately misleading the press. In either case, they are a disaster. KK may well be for the chop but Truss however is the one appointed him with the full pledge of high borrowing to support tax breaks for the rich. She did exactly what she said she would and the 80,000 Tory members voted for.

She is trying to be careful in saying that she will not cut services to pay for the tax cuts. Why Starmer didn't press her on whether she meant no real cuts as everyone is aware that inflation is running at record recent levels and keeping spending the same does theoretically mean no cuts but he didn't.

Agree with you GPR re Starmer.  Considering he's  a Barrister he's  awfully slow to think on his feet.  
Keep the faith
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dr_martinov Quote  Post ReplyReply Direct Link To This Post Posted: 13 October 2022 at 3:38pm
Originally posted by greypower1 greypower1 wrote:

Originally posted by GPR - Rochester GPR - Rochester wrote:

Originally posted by dr_martinov dr_martinov wrote:

"Downing Street states there will be no U-turn on mini-budget" - am today.

Several news sources reporting "active discussions" on scrapping parts of mini-budget are underway. - pm today.

This Government is an utter mess and no one in it seems to know what's going on, or is deliberately misleading the press. In either case, they are a disaster. KK may well be for the chop but Truss however is the one appointed him with the full pledge of high borrowing to support tax breaks for the rich. She did exactly what she said she would and the 80,000 Tory members voted for.

She is trying to be careful in saying that she will not cut services to pay for the tax cuts. Why Starmer didn't press her on whether she meant no real cuts as everyone is aware that inflation is running at record recent levels and keeping spending the same does theoretically mean no cuts but he didn't.

Agree with you GPR re Starmer.  Considering he's  a Barrister he's  awfully slow to think on his feet.  

Agree about he doesn't have a quick retort style, but you can see his effectiveness at pushing Johnson and now Truss into corners, or letting them trip themselves up. This current ho-ha is in part post-PMQs and her complete lack of answering questions on cuts. So I wouldn't under-estimate his cautious style. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote roy munster Quote  Post ReplyReply Direct Link To This Post Posted: 13 October 2022 at 6:05pm
He doesnt need to be as quick as lee mack or as savage as frankie boyle, just keeping asking the questions and exposing these frauds . 20% Vat is another massive area he needs to drill them on
ROYMOND MUNTER MBE (FOR SERVICES TO THE COMBOVER)
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