The Conservative Party

Of course commentary such as this is music to the ears of most of you. But listening to that monologue I have to say I have never heard such a pile of nonsense. IMF having to bail us out??? Good grief, what utter tripe. Talk about a bloody drama queen.

Possibly, on the other hand…

 
Possibly, on the other hand…



So it wasn't a load of bollocks? I am shocked. Shocked I tell you. Barely a few weeks in and Truss is already staring down the possibility of an IMF bailout. We're the UK ffs, not some developing country. It's exceptionally hard to put into words just how bad at their jobs the tories are.
 
Of course commentary such as this is music to the ears of most of you. But listening to that monologue I have to say I have never heard such a pile of nonsense. IMF having to bail us out??? Good grief, what utter tripe. Talk about a bloody drama queen.
We asked the IMF for a big dollop of cash in 76. The money came with conditions which weren’t pleasant for the economy and therefore ordinary people (as always). So not a drama queen, just his opinion based on history. A different set of circumstances, so probably unlikely, but who the fuck knows what this bizarre govt will do next & history has been known to repeat itself.

Not sure what planet you live on but I reckon now we will have higher mortgage payments added to higher energy bills and food prices - on the back of 12 years of austerity - and for most fuck all in the way of pay rises will mean a lot of pain.
 
So it wasn't a load of bollocks? I am shocked. Shocked I tell you. Barely a few weeks in and Truss is already staring down the possibility of an IMF bailout. We're the UK ffs, not some developing country. It's exceptionally hard to put into words just how bad at their jobs the tories are.

Not even a few weeks. Given the queens death, think truss is on working day 9…

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.

Even if the pound recovers (which’ll take significant cuts in spending to do so), the gilts are where the major issue is.
 

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.