Uncle Spielberg
Well-known member
It already has, long term mortgage rates are 0.5 - 0.75% higher now than they would have been pre budget. The markets really do not like Labour
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[Politics] Are Labour going to turn this country around?
- Thread starter Flounce
- Start date
Or Trussomics, the long term hurt from that was estimated at 0.75%.
Modern global economic systems can’t be bucked, outsider strategies get hammered. First noticed this with Lamont/Major’s dumb shadowing of the ERM whatever the cost in 92.
It isn’t theoretical. Real people and businesses with debt get hurt.
fly high
Well-known member
Mean while Nationwide have told me the interest on savings is being cut!!
LamieRobertson
Not awoke
Agreed re Musk as well
In answer to your question not trying to prove any point…i thought it was information that might be useful to those who might have missed it…..giving angles such as ‘’delays’’ (as you point out) and the recent furore at least bringing it all back to the attention of the public and the powers that be.
the the two i quoted as i said continue to be people worth listening to……as i believe this lady would be
The mother of two, raped by multiple Muslim men after being groomed as a 14-year-old in 1999, said: “We know how many people were killed in Grenfell. We know how many people died at Hillsborough. We don’t know how many survived this.
“It’s in each town in our country. It’s on a national scale. And I know that’s going to take a lot of work, and I’m sorry that that’s going to take a lot of work. But that’s what’s going to need to be done.
“The Jay report obviously cost a lot of money, a lot of resources, but the answers aren’t really there and the recommendations still haven’t been implemented.”
whatever view we take ….we all want action (which on the surface of it appears missing to date)
Uncle Spielberg
Well-known member
Yep
The Streisand effect in action, if you want people to stop talking about how Liz Truss crashed the economy then Liz Truss getting pissy because people keep saying she crashed the economy is the worst thing hat can happen, because now everyone is talking about how Liz Truss crashed the economy again.Thick as shit and mad as a bag of cabbage.
Liz Truss sends legal letter ordering Starmer to stop saying she crashed economy
‘Cease and desist’ letter accuses PM of harming her reputation and contributing to her losing her seatwww.theguardian.com
P.S. Liz Truss crashed the economy.
LamieRobertson
Not awoke
….maybe given time?
Uncle Spielberg
Well-known member
UK borrowing costs now the highest for 26 years
LamieRobertson
Not awoke
They’ve go to pay for the profit sharing scheme somehow
- Jul 10, 2003
- 28,120
It's really not a surprise that closing down a whole nation's economy for months (twice) due to a deadly virus will tend to have that effect on GDP
portslade seagull
Well-known member
Don't tell Starmer he'll get you arrested
LamieRobertson
Not awoke
…..hmm….not sure thats the point…..being made ..good tryIt's really not a surprise that closing down a whole nation's economy (twice) due to a deadly virus will tend to have that effect on GDP
- Jul 10, 2003
- 28,120
…..hmm….not sure thats the point…..being made ..good try
I take on board completely your point that Truss didn't do as much damage as COVID
LamieRobertson
Not awoke
Lol..i think thats the point you were trying to make…..I’m just putting across a view by others that in contrary to what the other poster said ..but the definition used states Truss didnt crash the economy….i have no loyalties either sideI take on board completely your point that Truss didn't do as much damage as COVID
Uncle Spielberg
Well-known member
And this 1 500 000 new homes in the next 5 years is more fantasy land. There is not the building structure needed with the different trades needed especially since so many skilled labourers left after Brexit and who will buy them and how many people will be able to get the mortgage needed or afford the payments ?
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Best we can hope for is 300,000 per annum by 2029, I would call that success.
It’ll take an age to get this up and running. Planning reform, permissions, some compulsory land purchase for new towns, the other resources. And as @WATFORD zero would correctly point out, the tradesmen, with the restrictions of Brexit.
Is it PotG?
Thrifty non-licker
The amount of new medical centres and schools will be quite something too.
Hopefully planned in this time and seen through to bricks n mortar (not allowing developers off the hook).
All UK governments 1997 to 2024 royally screwed up on infrastructure to match huge population increase.
Is it PotG?
Thrifty non-licker
With such an ambitious housing plan I'm sure there won't be any screwing up in this instance.
This could be a great opportunity to skill up the nation with German style apprenticeships. Of real meaning. Our equivalent is almost a token gesture. UK employers shy away from it, including businesses making big profits. Always chasing the quick buck.