Rishi says inflation falls to 2%, lower than Europe and US lol

know all 19 Jun 24 12:11 
not sure labour is the answer






So does that mean about 70% sure?

If prices were coming down that would be DEFLATION not inflation.   Basic Misunderstanding there

Homepride curry sauce in Tesco last week £1.70, this week gone upto £2.80, what a rip off.

I think they may be trying to tell you not to buy branded names .much cheaper brands just as good .

sunaks 2's on to win his seat.  he's defending a 47.2% majority, and he's only 2's on

safest seat in the whole country .... shows you how bad it's got

hulk23 Joined: 04 May 12
Replies: 3142919 Jun 24 13:36 
safest seat in the whole country .... shows you how bad it's got





Safest Tory seat is Christchurch

Sir Geoffrey Cox would be a good bet to keep his if there is a price for it. (These turkeys won't have long to wait for Christmas!) Top man, very popular in his constituency, does a lot locally and was at at least 2 point to points this year, heard him before saw him! Unmistakable voice.

2019

Christchurch Tory 65.2%  Next 17.9%  Difference 47.3%
Rishi 63.6% Next 16.4% Difference 47.2%

"one of the safest" ...

put it this way.  Rishi won't be seeing 63.6% again ...

all constituencies there doorman.  can fill yer boots at 1.28 or stick your own offer up (nobody else looking for anything)

Nice one hulk, 1.28 on him better than any horse imo.

There’s a chap on YouTube called Sasha Yanshin who breaks down all of the figures.

What’s good is that you can download them yourself from the BoEs site or wherever and explore on your own.

But technically Rishi is correct if you leave out the data you don’t want and interpret the remaining result in your own way.

Of course this is fraud but there you go.

-

He hasn’t posted in a while because he’s leading the war vs Adobe…if you don’t know they recently changed their Terms of Service so if you use one of their products for your work they now own your work and can do what they want with it.

They did put out a blog post saying this wasn’t the case but a blog post isn’t a legally binding contract like the TOS they’re telling you to sign.

Penny Mordaunt and Jeremy Hunt odds against to hold their seat never mind become a realistic replacement.

I read Lizz truss book and enlightening it was, I still think her policy’s would have been great but as in the book the goverment does not run the country the institutions do and just like Biden, rishi are just puppets with no say in the matter

tories will not be Returning

Yes I think it’s a big loss far worse than I’m expecting, it’s just been a disaster campaign, he will want a Rwanda plane to take off but even if that happens it’s to late we are in the s..t when they get in big style, taxes and immigration and re join eu fkd

I still think her policy’s would have been great

would've been great if they hadn't crashed the economy, cost joe public billions and got her drop-kicked out the front door asap for being absolutely fcking clueless. 

apart from that, they would've been great.

'crashed the economy'

been consuming too much liberalist propaganda.

I thought the run on the pensions funds was punishments for not falling into line with agenda.

Even the Italian lady has learnt to stfu and do what she’s told.

Farage wants a Truss Mark II budget, the chavs who vote for him have no money to lose.

I think if you think it’s just council estate thrash voting for him then you’d be very mistaken.

The tories are done and to be honest Wakanda is more relevant to politics than the Lib Dem’s so it’s just Farage for people who want something other than the establishment types.

The fed hiked interest rates unexpectedly, cue a flight to USD, pressure on the ex rate and bonds. Massive pressure on the eye watering values of bonds protected by LDIs and the BoE deliberately fudging the market.

Regular joes like hulk are clueless about that, and that bonds crashed globally. Easier, and convenient to pin it on Truss.

that's not to say they didn't screw up, they did. but funnily enough it was due to cutting the 45% tax rate to 40% !

convenient to pin it on Truss

why did they sack Truss ??  Get caught urinating in the lift

or was she just absolutely fkng clueless ...

why do you think. sunak was the chosen one. it suited almost everyone to do what they did to Truss, even the wets in the Tory ranks.

immediately after the budget, labour supported all of her fiscal policies apart from the top rate restoration. history is of course now rewritten

In their hours of desperation the right wingers still coming up with excuses. You would think after all the damage they have inflicted that you would expect them to go away gracefully but no it's everyone else's fault.

Truss and her sidekick made the classic mistake of announcing a policy without consulting the key players in the financial world. So the bankers and share dealers made sure it didn't work and got rid of them. It may not have worked anyway but the City made sure it couldn't. In the same way the Rwanda policy can never work because the Civil Service and the Judiciary will make sure it won't. You can't bring in policies without getting key people onside whether or not they are good ideas.

Rishi Sunak in the leadership debate to replace BJ told the world Truss's economic plan would crash the markets and he was right.

"In their hours of desperation the right wingers still coming up with excuses. You would think after all the damage they have inflicted that you would expect them to go away gracefully but no it's everyone else's fault." You are so right Sparrow

He knew the fed would hike rates the day before the 'big' mini budget ? Pity he didn't have any other premonitions !

So Sunak 'borrows/prints' £400 bln, shuts down the economy for 2 years, and the bond markets don't budget. KK announces modest tax cuts and the establishment has a collective paddy. give me a fking break.

sageform is on the right track but I don't believe she would have been allowed to deviate from the agenda either way. may have lasted a bit longer

I believe the reason the markets went into meltdown when Truss and KK cut the tax rate was due to the problem the country was suffering from with high / rising inflation and tax cuts cause higher inflation..

Its classic text book economics that if you have rising inflation then you need to INCREASE taxes to reduce the spending power of the populus which in turn will reign back inflation and help bring it back under control. 

IF,  you cut taxes you will increase the £'s in people's pockets which will add fuel to the fire and cause inflation to rise more.

THE main way governments have to combat inflation is to increase taxes.

That's why Truss and KK messed up and the markets went into meltdown,  because it was the dumbest thing anyone could do..

VOTING FOR SUNAK IS THE DUMBEST THING ANYONE CAN DO RIGHT NOW!!

The markets didn't go into 'meltdown', oneten.

I keep repeating it but the shift was global, due to the Fed hiking rates. Take a look at bond markets around the world, inflation rates around the world, they all shifted in the same direction, in unison. Believe it or not, that was not because the top rate of English income tax was planned to be reduced to 40% and a 1% of the basic rate of income tax!

It was bad politics but anyone who believes Truss is to blame for higher interest rates and the high inflation period we experienced needs help with their breathing.

Many moons ago when she worked at C&W she was (not very affectionately) known as "Thick Lizzy".

Tells you all you need to know, given how Thin she was at the time!

You might be right Cider but the whole chaotic management of the Government since Covid is a disgrace and they all have to take the blame. Good policies are no use unless they are properly managed and delivered.

Truss/Kwarteng were a complete and utter disaster

Read truss book, rishis lot wanted her out from day one and because the policy’s were great but rushed in too quick the institutions did not want them and we found out who really runs the country, she was out and the yes man came in, he’s a multi millionaire, doesn’t drink knows nothing about real life, one of the worst we’ve had

As you can see, taking the BBCs twisted chart in a tiny period of time is typical biased nonsense. Our bonds yields track the US. Which is why the gbp : usd shifted when they hiked rates before us. The market likes safety and usd is seen as a safe harbour.

Its Bloomberg not BBC and Truss/Kwarteng did crash the markets and she sits in place as worst Prime Minister of last 100 years

DEAL WITH IT!

Cider, Im not going to argue with you but I do not think you are correct. 


I agree the world was suffering with high inflation and interest rates going up, BUT we were the only county to have a market meltdown at that time.


Dont forget , The Bank of England stepped in with a £65 billion intervention to stop “material risk” to the U.K. economy, buying up bonds to try and halt the sell-off.

Sterling also fell to a record low against the dollar in the wake of the mini-budget. 

Yes there was a global inflation issue but from memory our issue was to do with Truss and KK , nothing to do with Fred at that time.

I like the debate. What are you counting as a 'market meltdown' ?

We are heavily correlated with the US because these are the two global hubs of financial services. So the country most sensitive to the Fed unexpectedly hiking rates was us. Which is why there was a rush to USD from sterling.

The BoE 'intervention' is a different story and that's due to the ldi derivatives they allowed in the £trillion pension funds part of the economy.

Well to be technically correct, mostly liabilities and not funds.

The British pound on Wednesday plummeted to its lowest level against the U.S. dollar since 1985.

When did this occur? Oh it was September 7th 20222

2022

Are you struggling to read my posts. The Fed hiked rates (without warning the market).

Hence mass panic.

Hence the rush to the $.

Which sterling is incredibly sensitive to.

Fed Hikes Rates 0.75 Percentage Point, Powell Says Chances of Soft Landing Receding: Live Updates


Up to that point the market thought the fed could get away with abruptly hiking rates.

It's not hard.

away without

I thought may was bad but rishi is on a par but we ain’t seen it as bad as it’s going to get with mass immigration, labour wants em all in  to bring in cheap labour, we are all going to get hammered,  tax, pensions and the like

Cider,
I am calling "mkt meltdown" exactly what it was - the mkts went into free fall / meltdown, hence why the bank had to step in and bail us out !

You saying it was all down to the fed raising their interest rate , if that was the case , why did we not have the same issues arising in the UK markets the other 9 times they raised it in 12mth period ? 

March 22, 2023    +25    4.75% to 5.00%
Feb 1, 2023    +25    4.50% to 4.75%
Dec 14, 2022    +50    4.25% to 4.50%
Nov 2, 2022    +75    3.75% to 4.00%
Sept 21, 2022    +75    3.00% to 3.25%
July 27, 2022    +75    2.25% to 2.50%
June 16, 2022    +75    1.50% to 1.75%
May 5, 2022    +50    0.75% to 1.00%
March 17, 2022    +25    0.25% to 0.50%   

If you were correct there would have been 9 market meltdowns  the 9 other times they raised rates in the 12mth period. 
Though KK mini budget is the only time it happened...

You also have self proclaimed Sanctuary councils like Ealing who are begging hands and knees for as many illegals as they can get and are looking to replicate this across other boroughs and councils in the U.K.

I remember Ealing back in the late 80s and 90s…lovely place.

Now it’s pretty much a wasteland.

So coming soon to a council near you…and if you don’t like it shut up and do as you’re gone you racist

I am calling "mkt meltdown" exactly what it was - the mkts went into free fall / meltdown, hence why the bank had to step in and bail us out !


Not generics, specifics. What are you classifying as a 'market meltdown' ?

With regard to the Fed, it was not just that he hiked higher than the market predicted/expected, he effectively told the market there would be more to come (that was not expected either). Take today for example, the market expected no change to the uk central rate and the BoE delivered no change. If he hiked by 75 basis points it would have triggered a significant repricing of the markets. Even though we've had 11 hikes I think.

Can the keen eyed among us identify any correlation