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Post by Vinny on Aug 14, 2024 8:09:17 GMT
Was cutting interest rates their mistake? Or was it something else?
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Post by piglet on Aug 14, 2024 10:20:14 GMT
Everything they do is a mistake, if you have an erranous idea, in this case communism, all subsequent ideas are wrong.
Labour are unable to think coherently on anything.
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Post by Red Rackham on Aug 14, 2024 13:51:08 GMT
The wealthy are leaving the UK faster than rats from a sinking ship, governments around the world are advising their citizens to avoid the violent UK which wont do much for foreign investment, and inflation is on the rise. This doesn't bode well for Starmer and Reeves claim that economic growth will fund their extravagant spending plans. I suppose they could always bash pensioners, again...
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Post by Totheleft on Aug 23, 2024 17:00:14 GMT
Not has bad has forecasted
The annual inflation rate in the UK edged up to 2.2% in July 2024 from 2% in June, but below forecasts of 2.3%.
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Post by Vinny on Aug 24, 2024 13:34:04 GMT
It's still inflation and if the Tories were getting inflation "but not as bad as forecasted" you'd still be ridiculing them.
You are partisan, I am not.
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Post by Totheleft on Aug 25, 2024 9:49:02 GMT
It's still inflation and if the Tories were getting inflation "but not as bad as forecasted" you'd still be ridiculing them. You are partisan, I am not. You would try and defend it by saying its the Ukraine war and Gas prices Oh yes you did |
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Post by Vinny on Aug 25, 2024 10:14:27 GMT
In this case Labour lowered interest rates with the Ukraine war still raging and global energy prices still high. One thing the Tories did was try to lower energy prices by expanding North Sea oil and gas extraction. That would have helped a lot. But this is something Labour have hastily reversed without alternative power sources providing instant replacement. news.sky.com/story/labours-north-sea-oil-and-gas-policy-under-attack-from-industry-and-activists-13159925There is no instant replacement, we haven't enough generation going into the grid at the moment and the idiots of the world are pushing everyone towards electric cars. It takes a lot of CO2 to make an electric car. They're not a magic bullet, and by the time the car has broke even on CO2 emissions, the battery is pretty worn out. Another thing Labour don't get: Fuel synthesis is the key to reversing climate change. Our friends in Australia are pioneering fuel synthesis via the capture of atmospheric carbon dioxide and the production of methanol. It's only a short step away from creating synthetic petrol.
Air Fuel Synthesis at Stockton developed a fully working process to create synthetic petrol via synthetic methanol but the Tories pulled funding and the company died.
You are partisan. I am NOT partisan.
This tech is the answer to climate change, and fuel poverty.
The Australians are perfectly placed to utilise massive amounts of solar energy to power this technology, and we are still industrially developed enough to build them carbon capture equipment, reactors, and storage tanks.
Labour need to grasp the north sea oil nettle in the short term, in order to develop this for the long term and work with our Commonwealth friends to provide worldwide supplies of synthetic fuel.
North sea oil and gas is the path to cutting inflation in the short term.
Coal would help too, but sadly all coal fired power generation in the UK has stopped as has British deep coal mining.
Carbon recycling creates a closed cycle, all the fuel we could ever need, and no damage to the environment.
The one other problem the environment faces, human population explosion, something immigration exacerbates.
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Post by Totheleft on Aug 25, 2024 19:27:43 GMT
In this case Labour lowered interest rates with the Ukraine war still raging and global energy prices still high. One thing the Tories did was try to lower energy prices by expanding North Sea oil and gas extraction. That would have helped a lot. But this is something Labour have hastily reversed without alternative power sources providing instant replacement. news.sky.com/story/labours-north-sea-oil-and-gas-policy-under-attack-from-industry-and-activists-13159925There is no instant replacement, we haven't enough generation going into the grid at the moment and the idiots of the world are pushing everyone towards electric cars. It takes a lot of CO2 to make an electric car. They're not a magic bullet, and by the time the car has broke even on CO2 emissions, the battery is pretty worn out. Another thing Labour don't get: Fuel synthesis is the key to reversing climate change. Our friends in Australia are pioneering fuel synthesis via the capture of atmospheric carbon dioxide and the production of methanol. It's only a short step away from creating synthetic petrol.
Air Fuel Synthesis at Stockton developed a fully working process to create synthetic petrol via synthetic methanol but the Tories pulled funding and the company died.
You are partisan. I am NOT partisan.
This tech is the answer to climate change, and fuel poverty.
The Australians are perfectly placed to utilise massive amounts of solar energy to power this technology, and we are still industrially developed enough to build them carbon capture equipment, reactors, and storage tanks.
Labour need to grasp the north sea oil nettle in the short term, in order to develop this for the long term and work with our Commonwealth friends to provide worldwide supplies of synthetic fuel.
North sea oil and gas is the path to cutting inflation in the short term.
Coal would help too, but sadly all coal fired power generation in the UK has stopped as has British deep coal mining.
Carbon recycling creates a closed cycle, all the fuel we could ever need, and no damage to the environment.
The one other problem the environment faces, human population explosion, something immigration exacerbates.
Labour didn't lower interest rates the bank of England did Because they thought ee come out of the Tories recession |
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Post by Vinny on Aug 25, 2024 20:02:19 GMT
Labour can ask the Bank of England to cut interest rates or raise them.
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Post by Totheleft on Aug 25, 2024 20:14:33 GMT
Labour can ask the Bank of England to cut interest rates or raise them. So when interest rates was so high it was the Tories that asked then to be higher thanks for clearing that up |
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Post by Vinny on Aug 25, 2024 21:08:47 GMT
High interest rates are great for savers. Make it easier to invest without penalties.
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Post by Totheleft on Aug 27, 2024 18:15:02 GMT
High interest rates are great for savers. Make it easier to invest without penalties. But a bummer on mortgages |
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Post by Vinny on Aug 27, 2024 18:21:12 GMT
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Post by Totheleft on Sept 4, 2024 10:10:43 GMT
L Mortgages are going down |
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Post by Vinny on Sept 4, 2024 10:12:33 GMT
Mortgage interest rates maybe going down, but house prices are going up at an alarming rate, negating any benefit. www.ft.com/content/e69a76e0-d65c-4744-b751-ad4d0720a3f2Consider this place, nothing special about it, it's a normal 3 bedroom house: £525,000. www.purplebricks.co.uk/property-for-sale/3-bedroom-semi-detached-house-oldham-1687623Necessary monthly repayments: £3,209. www.moneysavingexpert.com/mortgages/mortgage-rate-calculator/Just consider, even with low interest rates, that's a shit load of cash to fork out and many cannot afford. Labour's push for higher and higher house prices has spectacularly backfired causing poverty. Intensive work to restore the balance between wages and house prices will take decades and I will be retired by the time the problem is adequately fixed but work needs to start right now. Step one, reduce immigration rates back to that we used to see in the 1960's and 1970's.
Step two, raise interest rates.
End the idea of bricks and mortar being something to "invest" in.
Step three, build so many new houses that the market stabilises and prices stop inflating.
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