I guess it all boils down to how much land would have to be sold off to cover the liability and to who and for what subsequent purpose. Haven't seen any analysis of that yet.
It's too big a subject here but because I thought your number sounded low (it's not) I did a bit of investigation and found myself on farmers forums. Was a real eye opener, even accounting for the huge pinch of salt you need to apply to any internet forum. Whilst I knew we had a rural v urban divide in the UK that has got bigger in the last couple of decades, as it has in other countries too, I don't think I'd realised how big it was in so many different dimensions.
My view too.
I would expect any budget with higher costs for business and increased spend on public services to generate a slight ripple in currency value.
I believe what most people are missing is that the main growth element the Government are focusing on in the medium term is through changes to planning reforms. It will also be interesting to see the final details in the sector elements of the industrial strategy.
I am particularly interested in the the publication of the Artificial Intelligence Opportunities Action Plans that will set out the roadmap to maximise opportunities of AI to enhance growth and productivity and to improve delivery of public services. This could be a much needed game changer for the public sector.
And the £ back up today. Oh, and Gilts down.The markets are taking the budget badly.
The Pound has fallen 0.66% today and nearly 3.25% since the start of October.
Borrowing Cost have risen accordingly.
It’s the GB News bellend.Is that Alex Armstrong from the game show host or the one from GB News?
Farming is the new fishing - farmers are now being mobilised to attack the Govt by certain factions and lobbyists starting with a march and rally 19th of this month. Sadly once they have served a purpose they will be abandoned like fishing because in reality its attacking the authorities NOT anything to do with actual farming.
Heard an economic expert saying that it will just be a blip as the markets get used to the budget and that it wasn’t just the UK, other countries are going through the same. Said that it looks more of a positive and should see an upturn in growth for the short term and further positive budgets will keep it on an upward trajectory.And the £ back up today. Oh, and Gilts down.
Yep, thought so. Paid shills, GB Influencers.It’s the GB News bellend.
In other words, it’s bollocks.
And the £ back up today. Oh, and Gilts down.
Sky News have serious issues with Labour getting in, you can see the anger and disrespect in every single interview.The budget had some surprises so there was always going to be some adjustment and re-adjustment shortly after. It makes SKY News' reporting on the markets yesterday to be, quite frankly, pathetic. 24 hour news channels have a lot to answer for.