The Conservative Party

Kwarteng will go down as one of the (if not the) worst Chancellors in UK history.

If things keep progressing as they are, he may be one of the last.

 
We're in a mess, I'm fearful for what lies ahead of us, we've got absolute charlatans running ( or not) the country, how have we allowed this to happen, how do totally un qualified idiots control the country, everything they touch turns to shit, my kids and there kids and there kids will be paying for this incompetence for years to come.


A lot of this mess has been a few years in the making.
An incompetent bunch of charlatans in charge and an electorate that had enough of experts,so were quite willing to listen to the load of bullshit.

At least the penny looks like it's finally dropped.
 
This is what happens when you have a populist government, with the leader's acolytes in key positions.

Three word slogans are not effective at dealing with an economic crisis or a pandemic. Who'd a thunk it.
 
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They'll do what every uk government has done .... print it (cos you cant borrow sterling off anyone other than the BoE)

Here's an explanation




Stop thinking that you run an economy like you run your own household budget .

Which will only worsen the economic issues further, leading to vicious cycle of monetary interventions begetting instability beggeting monetary interventions, as it already has.

You cannot print your way out of hyperinflation, self-inflicted export decline, and gross fiscal mismanagement.
 
Can anyone help on mortgages?
I am on my 1st one, I got a 5 year fixed in March 2020, paying approx £ 650 a month with Nat West.

I get really anxious on stuff but am I right in saying I can't do anything until at least another 2 years when it comes to getting a new deal? Just don't know whether I should be doing anything now, my parents are no longer alive so I'd usually ask good old Dad for some advice. Cheers

If you can, overpay as much as you can till your fix ends, that should help offset the potential rise of your new deal. Easier said than done with all bills rising.
 
Which will only worsen the economic issues further, leading to vicious cycle of monetary interventions begetting instability beggeting monetary interventions, as it already has.

You cannot print your way out of hyperinflation, self-inflicted export decline, and gross fiscal mismanagement.

You can if you have a coherent trade and industrial strategy and use the money for infrastructure and development of the workforce. Which they don't and won't do.
 

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