The Conservative Party

Another leftie doom mongering I guess.



Even Sunak called this during the leadership debates. I'm no fan of his, but you can tell he was clearly exasperated by the naivety of these plans.

 
Elbow beards said:
Imf have waded in now, but chippy is still flying the tory flag because, well, he knows best...
www.reuters.com

IMF says UK fiscal measures will 'likely increase inequality,' urges rethink

The International Monetary Fund on Tuesday took aim at new British financial plans that have roiled markets, warning that "large and untargeted fiscal packages" would likely increase inequality in Britain and could undermine monetary policy.
www.reuters.com www.reuters.com
Click to expand...
about pretty much everything..
 
Elbow beards said:
Imf have waded in now, but chippy is still flying the tory flag because, well, he knows best...
www.reuters.com

IMF says UK fiscal measures will 'likely increase inequality,' urges rethink

The International Monetary Fund on Tuesday took aim at new British financial plans that have roiled markets, warning that "large and untargeted fiscal packages" would likely increase inequality in Britain and could undermine monetary policy.
www.reuters.com www.reuters.com
Click to expand...
Why don’t the IMF wait to see what happens, like our Chippy poster suggested? It’s only been 2 days and the pound hasn’t tanked to 50 cents as of yet.

The lunatics at the Bank of England are now holding an unscheduled meeting too. Why don’t they just wait and see how much money we need to lose before our Chippy friend feels comfortable enough to tell us that this move is probably the most stupid financial decision any chancellor has ever made?
 
Saddleworth2 said:
What Nicola said about tax cuts:

"It would be a serious error for the Scottish government to replicate in every sense that strategic economic mistake that the chancellor made, but we will take decisions that are right for Scotland," she said.
"We live in a situation right now where growing numbers can't afford to heat their homes, can't afford to feed their children, are going without basic essentials, and I don't think many people would think this is the right time to give massive tax cuts to a tiny number of already rich people."
The first minister said "trickle down economics" had been "roundly discredited" and the UK government's current approach would not work.
Given the reaction from markets, Ms Sturgeon predicted a potential increase in interest rates and the cost of borrowing, and a continuing issue with inflation.
"The UK government seems to have no idea what it is doing - the damage it is doing to the economy overall, and to the living standards of the majority, is deep and very, very serious," she said.

Pretty much on the money I would say.
Click to expand...
Nic for Prez.
 
Looks like the BoE are stepping in and will buy unlimited amounts of government debt which is the exact opposite of what the bank's Monetary Policy Committee were committing to do. I have no idea what the consequences of this are but it sounds like a bit of a last resort.
 
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