Would rather get the full year data before making any opinion but hopefully the figures will stay lower.
Keir Starmer
- Thread starter urban genie
- Start date
BigJoe#1
Well-Known Member
Good point, except I genuinely believe Major was far more charismatic and dare I say it.... interesting than Starmer.
jimharri
Well-Known Member
You'll be lucky to get any bites with that bait!
He caught salmonella from a bad egg.
BlueMoonday
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Chippy_boy
Well-Known Member
Agreed. I'm expecting Farage to try to deliver on their manifesto pledges, which are far better aligned with what the country needs, compared to what Labour are doing. They may not manage all of it but at least wewould be steering the ship away from the rocks, not hurtling towards them "further and faster".
The country is very close to being completely fucked and since there is barely a soul in this government with a whiff of economic competence, everything they do is making it worse.
Reeves for all her exaggerated CV does at least "get it". I genuinely fear for the consequences were someone like the intellectual powerhouse Rayner were to become PM. Or brainbox Burnham "stop worrying about the bond markets". Where do you think the government borrows the money we need, you utter plank.
Chippy_boy
Well-Known Member
Also said, "Living standards are barely higher than they were a decade and a half ago. People feel good."???
How inspirational it must have been for all the millions of school kids being told to work hard to try to get the best GCSEs, to see this school drop out and intellectual vacuum appointed as shadow education secretary. That was a low point even for Jeremy Corbyn's shambles.
jimharri
Well-Known Member
Watching the news this morning, and it seems that he may be facing a leadership challenge. Apparently, 32 MPs have called for him to go. He's making a "major speech" this morning, which could be key in deciding if he needs the removal men in No.10. And, seemingly, several MPs are willing to stand down to allow Burnham to stand in a by-election. After last week's terrible local election results, Labour seem to be in a desperate mess. But let's be honest; infighting in the Labour Party is hardly a new thing.
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Because of a mistake, a Tory MP gives publicity to Labour MP's analysis of capitalist society...
So -
Burnham ignores bond markets bad,
Truss ignores bond markets good.
Reform are the most economically illiterate of the lot and least likely to do what they say
Chippy_boy
Well-Known Member
It's not as simple as that mate. As a fervent lefty you no doubt drunk in with unquestioning glee the narrative that Truss trashed the bond markets.
The facts do not actually bear that out however. The bond markets were in a precarious state before the mini budget and it was the incompetence of the bank of England in failing to properly regulate things called "LDI funds" in the first place, followed by some decisions immediately *before* the mini budget. Truss and Kwartang had no visibility of this because no-one at the BoE at the time has bothered to tell anyone of the impending crisis. The crisis was well underway before the mini budget and in fact it's hard to even say the mini budget made it worse. Arguably it did not.
I hope you may have an open mind here, rather than ignore it because it doesn't fit your desired narrative.
You can read a very good explanation here if you are minded to:
Did Liz Truss really cause the bond market rout?
The widely approved narrative of Liz Truss’ demise is that she and Kwasi Kwarteng triggered a collapse in the bond markets with an ideologically-driven, economically ignorant mini budget. It’s a comforting story to tell, particularly for those who always opposed Truss and her attempts to shake...
capx.co
Hardly an unbiased sourceIt's not as simple as that mate. As a fervent lefty you no doubt drunk in with unquestioning glee the narrative that Truss trashed the bond markets.
The facts do not actually bear that out however. The bond markets were in a precarious state before the mini budget and it was the incompetence of the bank of England in failing to properly regulate things called "LDI funds" in the first place, followed by some decisions immediately *before* the mini budget. Truss and Kwartang had no visibility of this because no-one at the BoE at the time has bothered to tell anyone of the impending crisis. The crisis was well underway before the mini budget and in fact it's hard to even say the mini budget made it worse. Arguably it did not.
I hope you may have an open mind here, rather than ignore it because it doesn't fit your desired narrative.
You can read a very good explanation here if you are minded to:
Did Liz Truss really cause the bond market rout?
The widely approved narrative of Liz Truss’ demise is that she and Kwasi Kwarteng triggered a collapse in the bond markets with an ideologically-driven, economically ignorant mini budget. It’s a comforting story to tell, particularly for those who always opposed Truss and her attempts to shake...
Shouldn’t they have known what was going on at the BOE and in the markets leading up to the budget and fixed regulations and waited
Starmer will be gone soon but interesting to see how they play it.
Burnham is the obvious candidate but he can't actually take the role now.
Do they wait for him even though he might not be elected as an MP?
Does anyone else want it and try to work against him?
Do they risk having a reform manchester mayor to try and get Burnham in the top job?
Burnham is the obvious candidate but he can't actually take the role now.
Do they wait for him even though he might not be elected as an MP?
Does anyone else want it and try to work against him?
Do they risk having a reform manchester mayor to try and get Burnham in the top job?
Chippy_boy
Well-Known Member
I absolutely do not agree with that at all. I think they have made a mistake giving the chancellor job to Jenrick - Richard Tice would have been ideal. But they at least have people with some economic acumen.
It's somewhat desperate that Starmer has brought Gordon Brown back, but whilst I do object to Brown's politics and his incessant tax rises, he at least understood how the system works. I cannot say that of any of the Labour front bench except for Reeves. If she goes in the shake up, brace yourselves for an economic collapse.
The Future’s Blue!
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Seen 3 Labour MPs come out on TV to say that they want Burnham for PM but when asked if they’d give up their seat for him, the answer was ‘No’.
Looks like their conviction isn’t quite there when it comes to them looking at the good of the country.
Chippy_boy
Well-Known Member
Possibly. If they were completely unaware of these LDI bond issues though - and the BoE certainly did not tell them - then I can understand why they pressed ahead.
remember arthur mann
Well-Known Member
Farage did say a few month back basically that, and would be looking for people who are au fait with parliamentary politics. I suppose that was an invite for the Conservative right to jump ship.
Must want him bad if they are happy to spend approx £6m of tax payers money on unnecessary elections. £5m for Manchester Mayor ( 2024 cost £4.7) and total guess of £1m for a bye election.
blue b4 the moon
Well-Known Member
He's like all leaders, doesn't matter if you agree with him or not, none of them want to give up power and he'll again like all the others say he's hanging on for the party/good of the country when his actions show totally the opposite.
A great recent example is Biden. If he'd left a few months earlier etc.
A great recent example is Biden. If he'd left a few months earlier etc.