Recession, inflation and interest rates

exiledinboro said:

Starmer supporting rail strikers and saying how important it is for MPs to support the unions and how if he wins the labour leadership race he will supports people like you he says and stand with people to win issues

Isn’t that a bit of a lie?
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Posting this irrelevance, do you not realise the scale of the problem?

Beyond a joke now, we need the Tory Party consigned to the dustbin of history.

Commentators talking today about kids going hungry and badly clothed this winter.

Respected independents like Martin Lewis talking about mass civil unrest and non payment of energy bills?

It really is time to face reality.
 
Corcaigh_the_Cat said:
Utter rubbish.

Blair's government did nowhere near as much as they could have done, and the same will happen under Starmer, but stop these lies.
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its not a lie new labour did nothing to reverse privatised industries including utilities and then they had the temerity to accelerate investment through PFIs. Blair is a neoliberal who believes in the free market with a bit of additional support for the poorest in society, He doesnt believe in nationalisation one iota. starmer is another neoliberal who wouldnt have the balls to renationalise anything.
 
Glover_elbow said:
its not a lie new labour did nothing to reverse privatised industries including utilities and then they had the temerity to accelerate investment through PFIs. Blair is a neoliberal who believes in the free market with a bit of additional support for the poorest in society, He doesnt believe in nationalisation one iota. starmer is another neoliberal who wouldnt have the balls to renationalise anything.
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Old way of saying it’s all Labours fault.

Change the record, people are bored with you.

Tories to blame I’m afraid.
 
My view...

The UK economy is run primarily for the benefit of upper and middle class people living in London and the Home Counties. The evidence is the economic policies and to some extent the political and social policies of the last 43 years.

Some may argue this was always so, but the degree of this has increased with the abandonment of one nation policies in 1980s which were continued in some way by New Labour (nicknamed Tory Lite by SNP supporters).

The continuing centralisation of power away from local areas has made the situation worse.
 
Redwurzel said:
My view...

The UK economy is run primarily for the benefit of upper and middle class people living in London and the Home Counties. The evidence is the economic policies and to some extent the political and social policies of the last 43 years.

Some may argue this was always so, but the degree of this has increased with the abandonment of one nation policies in 1980s which were continued in some way by New Labour (nicknamed Tory Lite by SNP supporters).

The continuing centralisation of power away from local areas has made the situation worse.
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The Tories claimed that Thatcher had ‘fixed’ the country, that was a lie.

The Tories claimed that Brexit would lead to sunlit uplands - another lie.

I don’t think it needs deep analysis to realise the country is run for the benefit of shareholders and the London Stock Exchange and people (often foreigners) with a lot of money.
 
Boroboyyo said:
Putin caused this energy crisis in the first place , so I will blame him. He chose to invade Ukraine because he ***** himself silly to a soviet flag

Helping the Ukrainians against a fascist was always going to be the right thing to do , even if people do it for the image

I’m starting a new career so by no means a top earner . If I have to suffer this winter with increased energy prices then so be it
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You think Bozza would have rushed headlong into confrontation with Russia if he knew it would crash the UK economy and cost him his job?

Just because it was the right thing to do? 🤣

All sounds a bit bold for a clown that threw thousands of elderly and vulnerable under the covid bus.
 
BiggEggo said:
You think Bozza would have rushed headlong into confrontation with Russia if he knew it would crash the UK economy and cost him his job?

Just because it was the right thing to do? 🤣

All sounds a bit bold for a clown that threw thousands of elderly and vulnerable under the covid bus.
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Johnson didn’t lose his job over Ukraine , he lost it over partying in lockdown and the blatant corruption and hiring of someone who is a sex pest .

If he didn’t do the above and took the same position on Ukraine he would be pretty high in approval ratings right now and on his way to another majority at the next election

It was right he had to go ; I lost my father in law to covid during the 3rd lockdown. But I don’t blame him for the energy crisis. I blame Putin for that , and all the politicians who increased their countries energy dependency on Russia when he was attacking crimea and Georgia . Merkel in particular ****ed up big time

We hardly import from Russia . But if it impacts europe , it has a ripple effect on us

I do think the government and European governments will have to intervene this winter over energy prices . But Johnson’s approach to Russia over this war has been 100% right. Europe and the west are fighting an evil that hasn’t existed since the 1940s
 
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HolgateCorner said:
The Tories claimed that Thatcher had ‘fixed’ the country, that was a lie.

The Tories claimed that Brexit would lead to sunlit uplands - another lie.

I don’t think it needs deep analysis to realise the country is run for the benefit of shareholders and the London Stock Exchange and people (often foreigners) with a lot of money.
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Holgate - Don't forget the The Tory leader in June 2016 was a big Remainer and so were the majority of senior Tories. Every household got a leaflet through their letter box with a big picture of David Cameron say vote Remain paid for by the Conservative Government (I believe). Tories MPs were split. UKIP were the only clear Brexit Party in 2016 and Ulster Unionists in NI.

I agree Thatcher did not fix the UK, her policies made problems for the future by creating a more economically depressed, de-industralised, declining skills North and a more prosperous South based on services. Selling the family silver made us poorer longer term see below.

Its not just the stockmarket, look at property in the South East and the wealth that has created. In general the wealth has not rippled out and that has created a lot of anger laying the foundations for what happened in 2016 and for around 50% of Scots to want full independence. What really rubbed it in was the bailout of the banks in 2009 by cutting public services and cutting welfare benefits in the proceeding 10 years.

To me we require very strong policies that redress the imbalances in the UK economy for the benefit of the whole of the UK and all its citizens.
 
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Ref: Selling off all the Public Utilities in the late 1980s and early 1990s and then allowing them to be bought by almost any "Tom d*ck and Harry"

As a former Tory Leader said it was selling off the family silver and allowing anyone to buy them over time was wrong. No one was listening in his old Party and too many City Boys were looking for a big quick buck. The only saving grace was regulation but that has hit problems recently. The lowest of the low for me was the day when the furnaces at Redcar were put out for ever, Dave Cameron was busy having a pint with the Chinese Communist Leader trying to soften him up to get him to invest massive funds in the proposed Hinkley C nuclear power station. For which the UK Government or City of London would not invest in. No one has to be the brain of britain to see we were asking for trouble going down that route.

EU countries like Germany and France would never sell off majority ownership in their energy and water industries. Even their right wing parties. Free movement of funds is not always good and people in those countries would soon give you short shift if anyone tried to buy their family silver.
 
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Boroboyyo said:
Johnson didn’t lose his job over Ukraine , he lost it over partying in lockdown and the blatant corruption and hiring of someone who is a sex pest .

If he didn’t do the above and took the same position on Ukraine he would be pretty high in approval ratings right now and on his way to another majority at the next election

It was right he had to go ; I lost my father in law to covid during the 3rd lockdown. But I don’t blame him for the energy crisis. I blame Putin for that , and all the politicians who increased their countries energy dependency on Russia when he was attacking crimea and Georgia . Merkel in particular ****ed up big time

We hardly import from Russia . But if it impacts europe , it has a ripple effect on us

I do think the government and European governments will have to intervene this winter over energy prices . But Johnson’s approach to Russia over this war has been 100% right. Europe and the west are fighting an evil that hasn’t existed since the 1940s
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Are you oblivious to the fact the UK economy is steaming like a turd, all on his watch?

A party here and there would be easy to set aside were in not just the tip of the iceberg. Fact is that he has messed up everything he has touched and has brought nothing but shame to the role. That's why his back benchers abandoned him.

And when it comes to empowerment of Russia - he loves dirty Russian investment. Its one of the main reasons he wanted out of the EU. Ever wondered why the Russia Report remains unpublished.

Or maybe I'm mistaken and everything in Peppa Pig World is going swimmingly.
 
Ziggy said:
Global trade hits record $7.7 trillion in first quarter of 2022 shar.es/af2pWi
It is about 20% more relative to pre-pandemic levels. Here is export growth of countries who exported at least 50bln USD in 2019Q1
So, how is Brexit going? Not so well...
(Oleksandr Shepotylo)

View attachment 42504
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What a stupid referendum put on the table by Tory Cameron to an electorate who largely and understandably did not have any appreciation how much damage would be done to the economy.
 
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