Meant to say that the IMF are the complete outliers here.
Just look at the way the markets are responding and how currency is faring.
It’s all there for anyone to get to grips with. Maybe they’re all wrong I suppose
They’re right, all Kamala ever talks about is Trump
Why not talk all of her amazing achievements in the last 3-4 years
Oh wait….
ur not v brite r u Oscar?
comment by Oscar. #TeamFury #TeamTrump2024 #FightFightFig... (U12980)
posted 43 minutes ago
They’re right, all Kamala ever talks about is Trump
Why not talk all of her amazing achievements in the last 3-4 years
Oh wait….
----------------------------------------------------------------------
Well she created CAF which involved many companies investing billions to improve economic growth in central american countries through agriculture, industry, finance and telecommunications so through their prosperity it will mitigate some of the root causes of immigration from that region into the U.S.
She led the implementation of the Safer Communities Act which is the biggest piece of legislation to date to tackle gun crime and focus on prevention, including tackling unlicensed gun sales, as well as provide support for those affected by gun violence (including investment for supporting the mental health of young people impacted by it). Overall her initiatives have contributed to a significant reduction in gun deaths and mass shootings in the US.
She led on the Infrastructure Law which primarily provided an increase in jobs for Americans as it required the use of american made products in U.S. infrastructure projects.
She put in legislation prior to becoming VP that led to the Build Back Better Act when she became VP to improve maternity care which has reduced mortality rates.
She's been at the forefront of pushing for abortion/reproductive rights for women ever since Roe/Wade was overturned. She drew nationwide public support and it had a direct impact on the Democrats' mid-term results in the senate.
Unfortunately some of her initiatives have been scuppered by the politics of US, such as her work on voters rights, but quite a few of her achievements have been accomplished working with republicans which shows she's capable of collaborative work despite political differences unlike the orange bubblefart.
She personally was instrumental in a prisoner exchange which brought home a U.S. athlete who'd been wrongfully imprisoned in Russia. She also personally intervened in helping to release 3 american journalists also from Russia.
On a more symbolic basis, she's represented the US at the COP summit to tackle climate change.
The VP role is not exactly one where many do anything of significant note other than work behind the scenes to support the president. By comparison Harris has actively done more than most.
Hope you didn't have to wait too long
comment by Gingernuts (U2992)
posted 1 hour, 55 minutes ago
Meant to say that the IMF are the complete outliers here.
Just look at the way the markets are responding and how currency is faring.
It’s all there for anyone to get to grips with. Maybe they’re all wrong I suppose
----------------------------------------------------------------------
Let’s come back to this in a fortnight or a month to see where the markets and Sterling are.
comment by Gingernuts (U2992)
posted 6 hours, 33 minutes ago
comment by It’s time for some Lancashire hotPote, R... (U17054)
posted less than a minute ago
“Haven’t we or are we just not capable of moving on from Brexit? Is this to be the mantra for every failure afterwards?
Like the Labour Party getting into power with a massive majority backed by only 21% of voters who many now wish they hadn’t, it was a majority decision in the face of clear lying; we have to get on with it.”
I don’t think Labour getting in has permanently wiped 4% off the country’s GDP though, has it?
----------------------------------------------------------------------
My point was more about it being the default answer to everything when faced with something nobody wants to acknowledge.
----------------------------------------------------------------------
Maybe ask the SME's you're so.concerned about after the budget whether we should move on from Brexit.
comment by FieldsofAnfieldRd (U18971)
posted 5 minutes ago
comment by Gingernuts (U2992)
posted 6 hours, 33 minutes ago
comment by It’s time for some Lancashire hotPote, R... (U17054)
posted less than a minute ago
“Haven’t we or are we just not capable of moving on from Brexit? Is this to be the mantra for every failure afterwards?
Like the Labour Party getting into power with a massive majority backed by only 21% of voters who many now wish they hadn’t, it was a majority decision in the face of clear lying; we have to get on with it.”
I don’t think Labour getting in has permanently wiped 4% off the country’s GDP though, has it?
----------------------------------------------------------------------
My point was more about it being the default answer to everything when faced with something nobody wants to acknowledge.
----------------------------------------------------------------------
Maybe ask the SME's you're so.concerned about after the budget whether we should move on from Brexit.
----------------------------------------------------------------------
And the 12% of farmers likely to pay inheritance tax like every other business owner. The same farmers who were brainwashed by lies to vote for Brexit only to find out after they were thoroughly shafted by the ppl who triggered them and then following Brexit couldn't give a fck about them... but surprise surprise now care so much about them once again!
comment by Gingernuts (U2992)
posted 2 hours, 39 minutes ago
comment by CrouchEndGooner (U13531)
posted 27 minutes ago
comment by Gingernuts (U2992)
posted 3 hours, 36 minutes ago
Well firstly the IMF are hardly the harbingers of fiscal forecasting
Secondly; if I’m hooting (I am to be fair) at things that suit my worldview then I’m in the right place
----------------------------------------------------------------------
But the IFS are?
Do you see what I’m saying about you latching onto anything that suits you?
----------------------------------------------------------------------
That applies to anyone on here. You included. And on that note I bid you good night. Golf tomorrow
----------------------------------------------------------------------
https://x.com/politicoforyou/status/1851963459182657659?s=61&t=ncpdEcJLIN1zPASIYpgYDA
I feel really sorry for these guys. Like, really sorry.
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
----------------------------------------------------------------------
Let’s come back to this in a fortnight or a month to see where the markets and Sterling are.
----------------------------------------------------------------------
If the bond markets are anything to go by it won't be a great place. Some investors are predicting that the higher taxation won't raise more money because of the negative affect to businesses
The Government may simply be unable to raise further money through higher taxation, that's a reality the UK may have to face
I'm starting to wonder if the behaviour of leadership these last few months is due to the realisation that the Country is in a financial death spiral
"Some" "may" "wonder"...Could have just.said, " I don't know" rather than hypothesising
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
A Palestinian student who was stripped of her student visa after remarks she made about the Israel-Gaza war has won a human rights appeal against the Home Office’s decision.
The Home Office failed to demonstrate that the presence of Dana Abu Qamar, 20, was “not conducive to public good” after the law student’s visa was revoked in December 2023, according to a tribunal ruling.
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
----------------------------------------------------------------------
With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 17 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
----------------------------------------------------------------------
With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
----------------------------------------------------------------------
Sorry I should have said less growth than forecasted.
https://www.bbc.co.uk/news/articles/c5yge6knpzdo.amp
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 9 minutes ago
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 17 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
----------------------------------------------------------------------
With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
----------------------------------------------------------------------
Sorry I should have said less growth than forecasted.
https://www.bbc.co.uk/news/articles/c5yge6knpzdo.amp
----------------------------------------------------------------------
I think you mean more growth than previously forecasted, but with that growth expected to tail off after two years.
comment by Hector (U3606)
posted 1 hour, 48 minutes ago
"Some" "may" "wonder"...Could have just.said, " I don't know" rather than hypothesising
----------------------------------------------------------------------
And you "could" get out of the right side of bed and go to the gym instead of coming on here and taking your misery out on others.
I think speculators have definitely called it right that the Country is full of unproductive people and not resilient enough to make tax rises.
UK borrowing costs continue to climb on Friday morning, as traders responded to the Chancellor’s tax-and-spend Budget.
Two-year and 10-year gilt yields have risen about three basis points after markets opened this morning.
Benchmark 10-year borrowing costs rose three basis points to 4.48pc, meaning that it has risen more than 20 basis points in the past week.
Two-year borrowing costs have climbed three basis points to 4.46pc in its 10th consecutive day of increases, marking its longest streak since 2006.
Althea Spinozzi, head of fixed income strategy at Saxo Bank, warned that it is “very possible” that 10-year gilt yields will hit 4.75pc.
This would exceed last year’s record high because markets are worried that Rachel Reeves’s plans to increase borrowing by £32bn-a-year is not fiscally sustainable.
--
Get ready for higher mortgage rates.
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 14 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 9 minutes ago
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 17 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
----------------------------------------------------------------------
With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
----------------------------------------------------------------------
Sorry I should have said less growth than forecasted.
https://www.bbc.co.uk/news/articles/c5yge6knpzdo.amp
----------------------------------------------------------------------
I think you mean more growth than previously forecasted, but with that growth expected to tail off after two years.
----------------------------------------------------------------------
No, the size of the economy will remain largely unchanged in five years compared to its previous growth forecast
Its right there in the link from the OBR.
comment by ProPokerPlayer (U23205)
posted 1 minute ago
comment by Hector (U3606)
posted 1 hour, 48 minutes ago
"Some" "may" "wonder"...Could have just.said, " I don't know" rather than hypothesising
----------------------------------------------------------------------
And you "could" get out of the right side of bed and go to the gym instead of coming on here and taking your misery out on others.
I think speculators have definitely called it right that the Country is full of unproductive people and not resilient enough to make tax rises.
----------------------------------------------------------------------
The country has too many low productivity businesses, in no small part due to enterprises of all sizes extracting wealth rather than reinvesting in R&D, product development, commercialisation, modern machinery and infrastructure and upskilling workers.
That’s a key area where government should and must intervene with carrot (including creating incubator projects, with infrastructure work, encouraging knowledge sharing and injecting funds) and stick. Otherwise the UK risks being left behind the rest of the developed and even parts of the developing world.
It also has various public health issues, which need addressing for several reasons, including productivity. Investing there in the right way has the potential to do the coffers an awful lot of good.
comment by ProPokerPlayer (U23205)
posted less than a minute ago
comment by Hector (U3606)
posted 1 hour, 48 minutes ago
"Some" "may" "wonder"...Could have just.said, " I don't know" rather than hypothesising
----------------------------------------------------------------------
And you "could" get out of the right side of bed and go to the gym instead of coming on here and taking your misery out on others.
I think speculators have definitely called it right that the Country is full of unproductive people and not resilient enough to make tax rises.
----------------------------------------------------------------------
"I think"
I'm as happy as a pig in 5hit thank you very much.
I'm also happy that regardless of initial kneejerk response from a section of the financial sector, borrowing to invest in infrastructure is the correct thing to do
Not quite sure how people expect this country to get out of this hole without raising money through personal and progressive taxation on those who can afford it. It's the price we have to pay for the scant mismanagemnet of our economy over the last 10 years which has culminated in a Britain where nothing works or needs making safe and repairing. Dont forget that the Tory party conducted their election campaigmn promising that they would fund their plan for growth by reducing benefits further for working poor families, the disabled, unemployed, essential services, the homeless, etc. Which is why they lost the election in a record all-time worst ever defeat for them. Before the election the narrative from the right was Starmers ecnomic plan would behe same as the Tories, mainly because they believed if they said that enough times people would start to believe it and still vote Tory. But they didnt. Starmer promised change and now here we have it, With a lot more to come.
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 4 minutes ago
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 14 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 9 minutes ago
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 17 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
----------------------------------------------------------------------
With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
----------------------------------------------------------------------
Sorry I should have said less growth than forecasted.
https://www.bbc.co.uk/news/articles/c5yge6knpzdo.amp
----------------------------------------------------------------------
I think you mean more growth than previously forecasted, but with that growth expected to tail off after two years.
----------------------------------------------------------------------
No, the size of the economy will remain largely unchanged in five years compared to its previous growth forecast
Its right there in the link from the OBR.
----------------------------------------------------------------------
Compared to the March interim forecast, yes, over five years it’s largely unchanged.
“Compared to our March forecast, growth is forecast to be an average of a ¼ percentage point higher this year and next.
Growth is then weaker between 2026 and 2028 as these temporary effects fade.”
The question is how quickly they can get the infrastructure and other capital investment returning dividends for the economy, and then whether they can capitalise on that momentum.
Sorting out planning laws, choosing the right private sector partners for the larger projects, and resetting the relationship with Europe (as far as that is possible) are going to be key.
comment by RB&W - He kicked lumps out of them (U21434)
posted 8 minutes ago
Not quite sure how people expect this country to get out of this hole without raising money through personal and progressive taxation on those who can afford it. It's the price we have to pay for the scant mismanagemnet of our economy over the last 10 years which has culminated in a Britain where nothing works or needs making safe and repairing. Dont forget that the Tory party conducted their election campaigmn promising that they would fund their plan for growth by reducing benefits further for working poor families, the disabled, unemployed, essential services, the homeless, etc. Which is why they lost the election in a record all-time worst ever defeat for them. Before the election the narrative from the right was Starmers ecnomic plan would behe same as the Tories, mainly because they believed if they said that enough times people would start to believe it and still vote Tory. But they didnt. Starmer promised change and now here we have it, With a lot more to come.
----------------------------------------------------------------------
The bottom line is that the only sustainable route to growth is spending.
The last 14 years have demonstrated that (once again) in various ways across the world.
Keynes explained it a hundred years ago, ffs, and there’s zero empirical evidence contesting the fact.
I think speculators have definitely called it right that the Country is full of unproductive people
Bet you say going forward all the time
Sign in if you want to comment
Arguing w/strangers cause I'm lonely thread
Page 4742 of 4893
4743 | 4744 | 4745 | 4746 | 4747
posted on 31/10/24
Meant to say that the IMF are the complete outliers here.
Just look at the way the markets are responding and how currency is faring.
It’s all there for anyone to get to grips with. Maybe they’re all wrong I suppose
posted on 31/10/24
They’re right, all Kamala ever talks about is Trump
Why not talk all of her amazing achievements in the last 3-4 years
Oh wait….
posted on 31/10/24
ur not v brite r u Oscar?
posted on 1/11/24
comment by Oscar. #TeamFury #TeamTrump2024 #FightFightFig... (U12980)
posted 43 minutes ago
They’re right, all Kamala ever talks about is Trump
Why not talk all of her amazing achievements in the last 3-4 years
Oh wait….
----------------------------------------------------------------------
Well she created CAF which involved many companies investing billions to improve economic growth in central american countries through agriculture, industry, finance and telecommunications so through their prosperity it will mitigate some of the root causes of immigration from that region into the U.S.
She led the implementation of the Safer Communities Act which is the biggest piece of legislation to date to tackle gun crime and focus on prevention, including tackling unlicensed gun sales, as well as provide support for those affected by gun violence (including investment for supporting the mental health of young people impacted by it). Overall her initiatives have contributed to a significant reduction in gun deaths and mass shootings in the US.
She led on the Infrastructure Law which primarily provided an increase in jobs for Americans as it required the use of american made products in U.S. infrastructure projects.
She put in legislation prior to becoming VP that led to the Build Back Better Act when she became VP to improve maternity care which has reduced mortality rates.
She's been at the forefront of pushing for abortion/reproductive rights for women ever since Roe/Wade was overturned. She drew nationwide public support and it had a direct impact on the Democrats' mid-term results in the senate.
Unfortunately some of her initiatives have been scuppered by the politics of US, such as her work on voters rights, but quite a few of her achievements have been accomplished working with republicans which shows she's capable of collaborative work despite political differences unlike the orange bubblefart.
She personally was instrumental in a prisoner exchange which brought home a U.S. athlete who'd been wrongfully imprisoned in Russia. She also personally intervened in helping to release 3 american journalists also from Russia.
On a more symbolic basis, she's represented the US at the COP summit to tackle climate change.
The VP role is not exactly one where many do anything of significant note other than work behind the scenes to support the president. By comparison Harris has actively done more than most.
Hope you didn't have to wait too long
posted on 1/11/24
comment by Gingernuts (U2992)
posted 1 hour, 55 minutes ago
Meant to say that the IMF are the complete outliers here.
Just look at the way the markets are responding and how currency is faring.
It’s all there for anyone to get to grips with. Maybe they’re all wrong I suppose
----------------------------------------------------------------------
Let’s come back to this in a fortnight or a month to see where the markets and Sterling are.
posted on 1/11/24
comment by Gingernuts (U2992)
posted 6 hours, 33 minutes ago
comment by It’s time for some Lancashire hotPote, R... (U17054)
posted less than a minute ago
“Haven’t we or are we just not capable of moving on from Brexit? Is this to be the mantra for every failure afterwards?
Like the Labour Party getting into power with a massive majority backed by only 21% of voters who many now wish they hadn’t, it was a majority decision in the face of clear lying; we have to get on with it.”
I don’t think Labour getting in has permanently wiped 4% off the country’s GDP though, has it?
----------------------------------------------------------------------
My point was more about it being the default answer to everything when faced with something nobody wants to acknowledge.
----------------------------------------------------------------------
Maybe ask the SME's you're so.concerned about after the budget whether we should move on from Brexit.
posted on 1/11/24
comment by FieldsofAnfieldRd (U18971)
posted 5 minutes ago
comment by Gingernuts (U2992)
posted 6 hours, 33 minutes ago
comment by It’s time for some Lancashire hotPote, R... (U17054)
posted less than a minute ago
“Haven’t we or are we just not capable of moving on from Brexit? Is this to be the mantra for every failure afterwards?
Like the Labour Party getting into power with a massive majority backed by only 21% of voters who many now wish they hadn’t, it was a majority decision in the face of clear lying; we have to get on with it.”
I don’t think Labour getting in has permanently wiped 4% off the country’s GDP though, has it?
----------------------------------------------------------------------
My point was more about it being the default answer to everything when faced with something nobody wants to acknowledge.
----------------------------------------------------------------------
Maybe ask the SME's you're so.concerned about after the budget whether we should move on from Brexit.
----------------------------------------------------------------------
And the 12% of farmers likely to pay inheritance tax like every other business owner. The same farmers who were brainwashed by lies to vote for Brexit only to find out after they were thoroughly shafted by the ppl who triggered them and then following Brexit couldn't give a fck about them... but surprise surprise now care so much about them once again!
posted on 1/11/24
comment by Gingernuts (U2992)
posted 2 hours, 39 minutes ago
comment by CrouchEndGooner (U13531)
posted 27 minutes ago
comment by Gingernuts (U2992)
posted 3 hours, 36 minutes ago
Well firstly the IMF are hardly the harbingers of fiscal forecasting
Secondly; if I’m hooting (I am to be fair) at things that suit my worldview then I’m in the right place
----------------------------------------------------------------------
But the IFS are?
Do you see what I’m saying about you latching onto anything that suits you?
----------------------------------------------------------------------
That applies to anyone on here. You included. And on that note I bid you good night. Golf tomorrow
----------------------------------------------------------------------
posted on 1/11/24
https://x.com/politicoforyou/status/1851963459182657659?s=61&t=ncpdEcJLIN1zPASIYpgYDA
I feel really sorry for these guys. Like, really sorry.
posted on 1/11/24
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
----------------------------------------------------------------------
Let’s come back to this in a fortnight or a month to see where the markets and Sterling are.
----------------------------------------------------------------------
If the bond markets are anything to go by it won't be a great place. Some investors are predicting that the higher taxation won't raise more money because of the negative affect to businesses
The Government may simply be unable to raise further money through higher taxation, that's a reality the UK may have to face
I'm starting to wonder if the behaviour of leadership these last few months is due to the realisation that the Country is in a financial death spiral
posted on 1/11/24
"Some" "may" "wonder"...Could have just.said, " I don't know" rather than hypothesising
posted on 1/11/24
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
posted on 1/11/24
A Palestinian student who was stripped of her student visa after remarks she made about the Israel-Gaza war has won a human rights appeal against the Home Office’s decision.
The Home Office failed to demonstrate that the presence of Dana Abu Qamar, 20, was “not conducive to public good” after the law student’s visa was revoked in December 2023, according to a tribunal ruling.
posted on 1/11/24
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
----------------------------------------------------------------------
With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
posted on 1/11/24
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 17 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
----------------------------------------------------------------------
With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
----------------------------------------------------------------------
Sorry I should have said less growth than forecasted.
https://www.bbc.co.uk/news/articles/c5yge6knpzdo.amp
posted on 1/11/24
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 9 minutes ago
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 17 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
----------------------------------------------------------------------
With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
----------------------------------------------------------------------
Sorry I should have said less growth than forecasted.
https://www.bbc.co.uk/news/articles/c5yge6knpzdo.amp
----------------------------------------------------------------------
I think you mean more growth than previously forecasted, but with that growth expected to tail off after two years.
posted on 1/11/24
comment by Hector (U3606)
posted 1 hour, 48 minutes ago
"Some" "may" "wonder"...Could have just.said, " I don't know" rather than hypothesising
----------------------------------------------------------------------
And you "could" get out of the right side of bed and go to the gym instead of coming on here and taking your misery out on others.
I think speculators have definitely called it right that the Country is full of unproductive people and not resilient enough to make tax rises.
posted on 1/11/24
UK borrowing costs continue to climb on Friday morning, as traders responded to the Chancellor’s tax-and-spend Budget.
Two-year and 10-year gilt yields have risen about three basis points after markets opened this morning.
Benchmark 10-year borrowing costs rose three basis points to 4.48pc, meaning that it has risen more than 20 basis points in the past week.
Two-year borrowing costs have climbed three basis points to 4.46pc in its 10th consecutive day of increases, marking its longest streak since 2006.
Althea Spinozzi, head of fixed income strategy at Saxo Bank, warned that it is “very possible” that 10-year gilt yields will hit 4.75pc.
This would exceed last year’s record high because markets are worried that Rachel Reeves’s plans to increase borrowing by £32bn-a-year is not fiscally sustainable.
--
Get ready for higher mortgage rates.
posted on 1/11/24
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 14 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 9 minutes ago
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 17 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
----------------------------------------------------------------------
With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
----------------------------------------------------------------------
Sorry I should have said less growth than forecasted.
https://www.bbc.co.uk/news/articles/c5yge6knpzdo.amp
----------------------------------------------------------------------
I think you mean more growth than previously forecasted, but with that growth expected to tail off after two years.
----------------------------------------------------------------------
No, the size of the economy will remain largely unchanged in five years compared to its previous growth forecast
Its right there in the link from the OBR.
posted on 1/11/24
comment by ProPokerPlayer (U23205)
posted 1 minute ago
comment by Hector (U3606)
posted 1 hour, 48 minutes ago
"Some" "may" "wonder"...Could have just.said, " I don't know" rather than hypothesising
----------------------------------------------------------------------
And you "could" get out of the right side of bed and go to the gym instead of coming on here and taking your misery out on others.
I think speculators have definitely called it right that the Country is full of unproductive people and not resilient enough to make tax rises.
----------------------------------------------------------------------
The country has too many low productivity businesses, in no small part due to enterprises of all sizes extracting wealth rather than reinvesting in R&D, product development, commercialisation, modern machinery and infrastructure and upskilling workers.
That’s a key area where government should and must intervene with carrot (including creating incubator projects, with infrastructure work, encouraging knowledge sharing and injecting funds) and stick. Otherwise the UK risks being left behind the rest of the developed and even parts of the developing world.
It also has various public health issues, which need addressing for several reasons, including productivity. Investing there in the right way has the potential to do the coffers an awful lot of good.
posted on 1/11/24
comment by ProPokerPlayer (U23205)
posted less than a minute ago
comment by Hector (U3606)
posted 1 hour, 48 minutes ago
"Some" "may" "wonder"...Could have just.said, " I don't know" rather than hypothesising
----------------------------------------------------------------------
And you "could" get out of the right side of bed and go to the gym instead of coming on here and taking your misery out on others.
I think speculators have definitely called it right that the Country is full of unproductive people and not resilient enough to make tax rises.
----------------------------------------------------------------------
"I think"
I'm as happy as a pig in 5hit thank you very much.
I'm also happy that regardless of initial kneejerk response from a section of the financial sector, borrowing to invest in infrastructure is the correct thing to do
posted on 1/11/24
Not quite sure how people expect this country to get out of this hole without raising money through personal and progressive taxation on those who can afford it. It's the price we have to pay for the scant mismanagemnet of our economy over the last 10 years which has culminated in a Britain where nothing works or needs making safe and repairing. Dont forget that the Tory party conducted their election campaigmn promising that they would fund their plan for growth by reducing benefits further for working poor families, the disabled, unemployed, essential services, the homeless, etc. Which is why they lost the election in a record all-time worst ever defeat for them. Before the election the narrative from the right was Starmers ecnomic plan would behe same as the Tories, mainly because they believed if they said that enough times people would start to believe it and still vote Tory. But they didnt. Starmer promised change and now here we have it, With a lot more to come.
posted on 1/11/24
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 4 minutes ago
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 14 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 9 minutes ago
comment by It’s time for some Lancashire hotPote, Ruben (U17054)
posted 17 minutes ago
comment by Pranky 23/24 LFC Draft Champ (U22336)
posted 55 minutes ago
Terrible budget for business. Will lead to lower wage rises and less growth. Cost of living will go up as cost will be passed on leading to higher inflation.
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With respect, find me a forecaster who is predicting that the budget will lead to lower growth.
Because the OBR, IMF and IFS all disagree with you.
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Sorry I should have said less growth than forecasted.
https://www.bbc.co.uk/news/articles/c5yge6knpzdo.amp
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I think you mean more growth than previously forecasted, but with that growth expected to tail off after two years.
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No, the size of the economy will remain largely unchanged in five years compared to its previous growth forecast
Its right there in the link from the OBR.
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Compared to the March interim forecast, yes, over five years it’s largely unchanged.
“Compared to our March forecast, growth is forecast to be an average of a ¼ percentage point higher this year and next.
Growth is then weaker between 2026 and 2028 as these temporary effects fade.”
The question is how quickly they can get the infrastructure and other capital investment returning dividends for the economy, and then whether they can capitalise on that momentum.
Sorting out planning laws, choosing the right private sector partners for the larger projects, and resetting the relationship with Europe (as far as that is possible) are going to be key.
posted on 1/11/24
comment by RB&W - He kicked lumps out of them (U21434)
posted 8 minutes ago
Not quite sure how people expect this country to get out of this hole without raising money through personal and progressive taxation on those who can afford it. It's the price we have to pay for the scant mismanagemnet of our economy over the last 10 years which has culminated in a Britain where nothing works or needs making safe and repairing. Dont forget that the Tory party conducted their election campaigmn promising that they would fund their plan for growth by reducing benefits further for working poor families, the disabled, unemployed, essential services, the homeless, etc. Which is why they lost the election in a record all-time worst ever defeat for them. Before the election the narrative from the right was Starmers ecnomic plan would behe same as the Tories, mainly because they believed if they said that enough times people would start to believe it and still vote Tory. But they didnt. Starmer promised change and now here we have it, With a lot more to come.
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The bottom line is that the only sustainable route to growth is spending.
The last 14 years have demonstrated that (once again) in various ways across the world.
Keynes explained it a hundred years ago, ffs, and there’s zero empirical evidence contesting the fact.
posted on 1/11/24
I think speculators have definitely called it right that the Country is full of unproductive people
Bet you say going forward all the time
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