Been there SNC xmas time ,gorgeous......though Albufeira was a s'hole.
It is a "stereotype" though chap.
16.8 million voted remain
60%+ were simply influenced by left wing media (my own Mother voted remain ,that nice Mr Lineker said etc) and succumbed to the scaremongering  ,no medicines ,no food ,we can't survive alone etc
10%+ worked for multinationals ,so remain was "corporate speak"
10%+ were simple self interest ,timeshares ,winters abroad ,aunty lives in Hanover etc
Many couldn't bare the thought of the UK being self governed by Tories and apparently many remainers were so committed ,they couldn't even get up to vote.
My own view is that many Tory remainers just liked the cheap labour ,you know gardener lives in the mower shed and I give him a score a week and some dog food.
The biggest surprise to me though was only very few thought the EU ,was well run ,ideologically correct ,or actually any good.
Superbok is still the worst lager I have ever drank though Norbert

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How bad can things get? Well Liz could turn out to be as clueless as Boris

spot on lapsy

Tories are forever running away from scrutiny these days as virtually every day on the Newsnight Programme they decline invitations.

Where's lizzie

Who will be pulling her strings…. The ERG?

Liz got the lefties rattled.

Liz got the lefties rattled

Do you really think anyone on the left of British politics is rattled by the thought of Liz Truss starting a trade war with the EU just as we are entering a recession with inflation at 18%?

It's a f**kin' gift to Starmer

10-year borrowing costs for UK set for biggest monthly rise since 1986

Heaping pressure on incoming prime minister, 10-year monthly government bond yields shot up to 2.78%

Fears over the British economy falling into a long recession and the likelihood of higher public spending to cope with the cost of living crisis has sent the interest rate on Britain’s debts soaring towards its biggest monthly rise in almost 40 years.

Ten-year UK government bond yields, which are a proxy for the effective interest rate on public borrowing – were on course on Wednesday for the biggest monthly rise since September 1986 after an increase to 2.78%.

Heaping pressure on the incoming prime minister to address the Treasury’s worsening financial outlook, some analysts predicted the yield would increase before the end of the year to at least 3%.

It comes as Rishi Sunak warned there were growing risks of financial markets losing faith in the British economy amid soaring inflation and elevated levels of government debt, in an attack on his Conservative leadership rival Liz Truss’s tax and spending plans.

About a third of the UK’s total borrowings have an interest rate linked to inflation, making them more expensive to finance in a period of rising prices.

Truss, the frontrunner in the race to succeed Boris Johnson, has been criticised by opposition parties for proposing £50bn worth of tax cuts that will boost the incomes of rich and poor households and profitable companies over the next year.

Sunak said he “struggled to see” how sweeping tax cuts to support families with the cost of living crisis “add up”. Using an interview in the Financial Times, he warned it would be “complacent and irresponsible” to ignore the risk of losing financial market confidence in Britain.

“We have more inflation-linked debt by a margin than any other G7 economy –– basically more than double,” he said.

The pressure on the government’s borrowing position comes as European and US bonds have also suffered increases in yields, with the 10-year US Treasury bond already at 3.11%.

However, while this increase in Washington’s borrowing costs has failed to dent confidence in the longer term prospects for the world’s largest economy, keeping the value of the dollar near record highs, the pound has fallen sharply to levels seen after the Brexit vote six years ago.

Sterling has dropped 5% versus the dollar to $1.20 and 3% against the euro this month in response to clear signs that Britain’s economy will suffer more than rival industrialised nations coping with soaring gas and electricity prices and weakening private sector activity.

The prospect of a rise in borrowing costs when Bank of England policymakers meet to set interest rates in September, even as the economy enters a prolonged recession, has also contributed to sterling having its worst month since late 2016 against the dollar and its worst versus the euro since mid-2021.

Speeches by central bankers at the annual Jackson Hole conference in the US last week stoked concerns among financial market investors that interest rates would need to rise further to quell inflationary pressures, despite forecasts of a recession in most developed economies.

Azad Zangana, a senior European economist at the investment manager Schroders, said: “A definitive regime shift has occurred, taking us into a new era. More seasoned investors may see this as a return to more normal times, akin to the period before the global financial crisis in 2008.

“However, that is yet to be seen. It could be that the stagflation – a period of persistently high inflation combined with high unemployment and stagnant demand – experienced in the late 1970s and early 1980s may be the more appropriate comparison.”

Financial markets are pricing in a 40% probability that the Bank will raise interest rates by 0.75 percentage points to 2.5% at its meeting next month, which would be its largest single rise in borrowing costs since 1989. Investors expect rates could reach 4.25% by the middle of next year.

British consumer price inflation hit 10.1% for the first time in 40 years in July, and the Bank forecast it would exceed 13% in October, when regulated household energy prices are due to rise by 80%.

Goldman Sachs forecast on Monday that British inflation could reach 22% early next year, if natural gas prices hold near current levels. The Bank and many other forecasters expect higher inflation will push Britain’s economy into a lengthy recession later this year.

An assessment by the Office for National Statistics of the impact on inflation from government energy bill rebates for households found they could not be viewed as lowering inflation.

Analysts at Bloomberg had estimated that a verdict to decrease inflation would have saved the UK government as much as £14bn from the cost of financing index-linked government bonds.

The problem is they won't dare call an election before the time is up.

A temp vat cut may cause folk with savings
to bring forward purchases, but the threat of
inflation should have already encouraged some of
that spending!



A Government cap on energy prices for consumers and  then picking
up the excess directly from suppliers would seem
to be best way forward.

Energy companies are expecting £180billion of
extra profit from energy spike.

Government can collect that to cover costs.

She's certainly got you in a tizzy Nobby.

You think so?

I live on a fat gold plated index linked pension and I don't pay any utility bills. Nothing gets me in a tizzy.

It comes as Rishi Sunak warned there were growing risks of financial markets losing faith in the British economy

The game is just about up. The family silver was sold decades ago, there's a trade war with the EU coming, inflation is way out of control and the incoming PM is a complete idiot.

Of course the financial markets are losing faith.

That would be great!

Finally the cap doffers and forelock tuggers might just see The Eton Rifles are not as smart as they think and they are selfish self servers.

He will seek confrontation and get it in spades. Great call, probably no one better!

Pitbull - Timber ft. Truss

What have the high energy prices got to do with the Tories ?
Yes the country is in a bad spot , but so are plenty of others.

EU are going to present a united front to Russia, and possibly cap energy prices over the winter.

Isolating Liz Truss and the UK as the hostage of market forces.

Bring it on.

sparrow why don't you answer jtgs question plus this supplementary.
DSo you think the high energy prices throughout Europe are the Tories fault?

Liz Truss sold our gas storage.

Liz Truss wants to sell more of our sea beds to
oil companies and gas companies so they can fleece us.

Labour have a plan. That is the difference.