The Conservative Party

Chippy_boy said:
Heard it all before Bob. Everything you say is predicated on your guess that the pound won't recover, eliminating the need for yet higher interest rates. A big majority of currency traders are holding long positions on GBP vs USD. All this talk that the pound has "tanked" is completely overblown. It has been on a steady downward trend for months and we could not carry on with the same policies with taxation at its highest level ever. As to whether they should have put more money in the back pockets of those least well off, well maybe but that would have meant even more borrowing or ditching something else. Binning the 45p to 40p cut would not raise anything like enough money (if any) to pay for that. A bit like Labour's daft commentary that we should raid the energy companies to pay for consumers' energy costs. A lovely soundbite but in reality wouldn't pay for 1/10th of it.
Click to expand...

You’ve heard it all before, yes. Unfortunately, a bit like Truss and her team, you blindly refuse to listen.

Cost of Govt borrowing has increased on the back of a poorly advised and misjudged financial statement. The pound accelerated its downward trend, a trend that has being consistent for the last six years, not months. And our 30 year bond yield is now at 5%, the highest since 2002. Last week it was below 4%.

Mortgage lenders have withdrawn products so that they can factor in higher fixed rates. Seems I’m not the only one betting that higher interest rates are on their way.
 
BobKowalski said:
You’ve heard it all before, yes. Unfortunately, a bit like Truss and her team, you blindly refuse to listen.

Cost of Govt borrowing has increased on the back of a poorly advised and misjudged financial statement. The pound accelerated its downward trend, a trend that has being consistent for the last six years, not months. And our 30 year bond yield is now at 5%, the highest since 2002. Last week it was below 4%.

Mortgage lenders have withdrawn products so that they can factor in higher fixed rates. Seems I’m not the only one betting that higher interest rates are on their way.
Click to expand...
83FCBF4A-4ACE-4314-AD42-EE1EAE8312AC.jpeg
Does this guy’s opinion count ?
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.