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Post by totheleft3 on Nov 4, 2022 7:06:40 GMT
Bank of England has risen it interest rates again for the 8th time in a row.
The biggest rate increase in 3 decades
Leading to the longest recession 3yrs
This Government is leading us into a financial mess time for a GE
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Post by Handyman on Nov 4, 2022 7:52:28 GMT
Of course, it's all the fault of the Tories nothing to do with Covid that swept the globe during which the Tories spent huge sums of money to pay peoples wages to stay at home, buy PPE, ventilators, fund the race to find a vaccine and roll it out etc etc, borrow large sums of money to do it, whilst they were doing that the economy was booming all on its own. The strikes don't really affect our economy either the Treasury Coffers are full to overflowing America and all the other nations are doing well their economies are intact, America is not really in a recession nor is China, The Energy crisis all down to the Tories, nothing to do with a Raving Mad far left Dictator in Russia invading a peaceful neighbour and bombing the crap out of it, if WW3 breaks out and we all end up glowing in the dark, that will all down to the Tories.  |
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Post by steppenwolf on Nov 4, 2022 7:57:05 GMT
This Government is leading us into a financial mess time for a GE The BoE is independent of the government. Wake up. There's no point in blaming everything on the govt if you don't understand the subject - you just destroy your credibility when you criticise the govt for something that actually IS their fault. |
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Post by Morgan on Nov 4, 2022 8:05:44 GMT
Bank of England has risen it interest rates again for the 8th time in a row. The biggest rate increase in 3 decades Leading to the longest recession 3yrs This Government is leading us into a financial mess time for a GE It's about bloody time too. I'm totally pissed off with them charging borrowers interest and paying nothing to the savers whose money they are lending out. |
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Post by Pacifico on Nov 4, 2022 8:17:31 GMT
Of course, it's all the fault of the Tories nothing to do with Covid that swept the globe during which the Tories spent huge sums of money to pay peoples wages to stay at home, buy PPE, ventilators, fund the race to find a vaccine and roll it out etc etc, borrow large sums of money to do it, whilst they were doing that the economy was booming all on its own. The strikes don't really affect our economy either the Treasury Coffers are full to overflowing America and all the other nations are doing well their economies are intact, America is not really in a recession nor is China, The Energy crisis all down to the Tories, nothing to do with a Raving Mad far left Dictator in Russia invading a peaceful neighbour and bombing the crap out of it, if WW3 breaks out and we all end up glowing in the dark, that will all down to the Tories. Well it is actually - the Tories have embraced all this Net Zero nonsense and abandoned any attempt at energy self sufficiency in a futile attempt to appease Greta Thunberg.. We are an island made mainly out of coal sitting on an ocean of gas - but we have an energy crisis - go figure.. |
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Post by totheleft3 on Nov 4, 2022 8:46:04 GMT
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Post by totheleft3 on Nov 4, 2022 8:54:11 GMT
Morgan that might all be fine for them that can afford to save in this present economic climate.
But its not Good on them that will see there mortgage rise or people who have to borrow money like small Businesses.
There 2milllion mortgages set to rise and a further 1.5 million set to rise next year when there sort term mortgage end
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Post by Handyman on Nov 4, 2022 9:06:15 GMT
Of course, it's all the fault of the Tories nothing to do with Covid that swept the globe during which the Tories spent huge sums of money to pay peoples wages to stay at home, buy PPE, ventilators, fund the race to find a vaccine and roll it out etc etc, borrow large sums of money to do it, whilst they were doing that the economy was booming all on its own. The strikes don't really affect our economy either the Treasury Coffers are full to overflowing America and all the other nations are doing well their economies are intact, America is not really in a recession nor is China, The Energy crisis all down to the Tories, nothing to do with a Raving Mad far left Dictator in Russia invading a peaceful neighbour and bombing the crap out of it, if WW3 breaks out and we all end up glowing in the dark, that will all down to the Tories. Well it is actually - the Tories have embraced all this Net Zero nonsense and abandoned any attempt at energy self sufficiency in a futile attempt to appease Greta Thunberg.. We are an island made mainly out of coal sitting on an ocean of gas - but we have an energy crisis - go figure.. I agree on that point no UK Government has addressed our energy problems or looked to the future, if I recall correctly Labour voted again Nuclear nor did they do much when in power, coal went out if the window years ago and if we had stayed with it probably run out by now or too expensive to get it out of the ground. |
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Post by Handyman on Nov 4, 2022 9:12:11 GMT
Would it have been a different story if Labour had been in power? No, would they have done a better job during Covid? on their track record No, they would have locked the UK down longer which would have damaged our economy even more they would have had to borrow just as much as the Tories had too or even more. It is not just the UK that is in economic turmoil and energy problems but many others around the world it's a worldwide problem they too are borrowing money from the banks |
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Post by totheleft3 on Nov 4, 2022 9:29:54 GMT
Whether labour would of done any better or the same is neither here or there they wasnt in power to know.
Has for longer lock downs labour proposed especially having lockdown earlier would of saved thousands of life's.
Can you put a price on life.
And what has that got to do with my point about truss and her economics putting the economy into further downfall.
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Post by sheepy on Nov 4, 2022 9:52:19 GMT
Of course, it's all the fault of the Tories nothing to do with Covid that swept the globe during which the Tories spent huge sums of money to pay peoples wages to stay at home, buy PPE, ventilators, fund the race to find a vaccine and roll it out etc etc, borrow large sums of money to do it, whilst they were doing that the economy was booming all on its own. The strikes don't really affect our economy either the Treasury Coffers are full to overflowing America and all the other nations are doing well their economies are intact, America is not really in a recession nor is China, The Energy crisis all down to the Tories, nothing to do with a Raving Mad far left Dictator in Russia invading a peaceful neighbour and bombing the crap out of it, if WW3 breaks out and we all end up glowing in the dark, that will all down to the Tories. Its a pity they didn't listen instead to the populists who said it was leading directly to this at the start of it and instead used the debt they were growing on the infrastructure, how different things would be now, but they know best, after all that is why you voted for them all, grow the debt and create more strife. Or maybe they did and thought feck you lot this is how we do things. |
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Post by Deleted on Nov 4, 2022 12:57:20 GMT
It's about bloody time too. I'm totally pissed off with them charging borrowers interest and paying nothing to the savers whose money they are lending out. Quite. An email from Coventry Building Society told me it was good news for savers. Government rates were increasing 0.75% and interest on your savings will go up ... 0.45%. Hmmm.. |
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Post by totheleft3 on Nov 4, 2022 13:05:38 GMT
Blackiswhite , Are them who see there mortgage go up also have savings in the bank don't think they will be having has much to cheer about.
Especially when they see there savings go up so little compaired to the hike in mortgage payments.
Think this would leave to more home reprocessed
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Post by colbops on Nov 4, 2022 19:46:19 GMT
I just can't see it working. Inflation seems to be driven by the increasing cost of essentials. Increasing interest rates is going to increase the cost of borrowing and is therefore liable to further increase the cost of essential goods and services, leading to a vicious circle.
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Post by Baron von Lotsov on Nov 6, 2022 0:17:09 GMT
The Fed raises by 0.75% and the next day the BoE does. Tell me what you people were expecting?
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