5 years hard labour ?

[Bper]

Rachel Reeves is expected to relax borrowing rules and increase spending in her upcoming October 30 budget, a move known as fiscal loosening. A Treasury report has warned that for every £25 billion in extra borrowing, interest rates could rise by between 0.5 and 1.25 percentage points. This has raised concerns that an additional £50 billion on the government's credit card could lead to a sharp rise in mortgage costs for families.

Fiscal loosening means the government borrows more to spend more, which can help boost the economy, especially when growth is slow. However, it can also fuel inflation if the extra demand in the economy isn’t matched by supply. If inflation starts rising, the Bank of England may step in and raise interest rates to keep it under control.

Higher interest rates mean borrowing costs more, and that includes mortgages. So, if rates go up, families could see their monthly mortgage payments increase, which is what the Treasury is warning about.

The fiscal loosening isn’t all bad. If the extra spending goes towards things like infrastructure, education, or healthcare, it could lead to long term benefits for the economy. The real impact will depend on how well the money is used and whether inflation is already a big issue.

 

 

[Corolly Poly]

41 minutes ago, Bper said:

Rachel Reeves is expected to relax borrowing rules and increase spending in her upcoming October 30 budget, a move known as fiscal loosening. A Treasury report has warned that for every £25 billion in extra borrowing, interest rates could rise by between 0.5 and 1.25 percentage points. This has raised concerns that an additional £50 billion on the government's credit card could lead to a sharp rise in mortgage costs for families.

Fiscal loosening means the government borrows more to spend more, which can help boost the economy, especially when growth is slow. However, it can also fuel inflation if the extra demand in the economy isn’t matched by supply. If inflation starts rising, the Bank of England may step in and raise interest rates to keep it under control.

Higher interest rates mean borrowing costs more, and that includes mortgages. So, if rates go up, families could see their monthly mortgage payments increase, which is what the Treasury is warning about.

The fiscal loosening isn’t all bad. If the extra spending goes towards things like infrastructure, education, or healthcare, it could lead to long term benefits for the economy. The real impact will depend on how well the money is used and whether inflation is already a big issue.

 

 

Good news then for all the old gits on here with savings and no mortgage🤣

[Primus1]

1 hour ago, Corolly Poly said:

Good news then for all the old gits on here with savings and no mortgage🤣

Then I’m officially an old git👍👍👍👍

[Bper]

I suppose as I have become increasingly grumpier, I must be one as well☹️

[Haliotis]

Beginning to look like the light at the end of the tunnel is an express train coming towards us!  

[Haliotis]

Today’s BBC News: Deputy Labour leader Baroness Harriet Hartman has said “missteps” and “clunkiness” should be expected when a new administration arrives in Downing Street.

Does that mean “ start off dumb, and learn on the job”?  What a Godsend it is that Baroness Herman is not charged with setting on doctors and surgeons in the NHS.

[AndyN01]

Perhaps politicians should have some form of "on the job" training followed by a period of testing/checking before being allowed to dabble with the real thing.

Pretty much like everyone else in their chosen profession.

 

[Basil-BarryC]

Might make a change if some of these so called politicians had ever done a real days work in a proper job?

[Mjolinor]

1 hour ago, Basil-BarryC said:

Might make a change if some of these so called politicians had ever done a real days work in a proper job?

It should be a compulsory requirement in order to stand.

The same requirement should be applied to teachers too. Rarely you find a teacher now that actually knows about working.

[Haliotis]

There was a protest outside the Houses of Parliament today, concerning the Winter Fuel payment being taken away from pensioners not on benefit.  UNITE were there, along with their general secretary.

BBC News at One did not even mention it!  But that comes as no surprise as they quickly grabbed the free TV licence from the “over 75s” and immediately used a chunk of the savings to award pay increases to certain “stars”.  So we know where their loyalty lays!

[Corolly Poly]

Looking at the calibre of the Tory leadership candidates, I think you can safely amend the subject of this thread to 10 years of Labour.

[Graham47]

19 hours ago, Haliotis said:

BBC News at One did not even mention it!  But that comes as no surprise as they quickly grabbed the free TV licence from the “over 75s” and immediately used a chunk of the savings to award pay increases to certain “stars”.  So we know where their loyalty lays!

But, did it feature on “GBNews” ? 🤪

[Basil-BarryC]

58 minutes ago, Corolly Poly said:

Looking at the calibre of the Tory leadership candidates, I think you can safely amend the subject of this thread to 10 years of Labour.

Agreed I don’t think there’s much leadership quality with any of them. 

[AndyN01]

Many decades ago, while I was at school, I remember an "exercise" of taking a news story and seeing how it was reported by various newspapers.

At the time, I didn't really get it and, being if a "scientific" mindset I thought, simplistically, that the facts were the facts and that would be what was reported. I did think it rather "odd" that the same facts led to such wildly different articles. But hey, I was a teenage boy with other interests to occupy my time. 😂

Fast forward and it seems that the facts are not the facts, they are some sort of information to be used, abused and generally "spun" to whatever the flavour of the media outlet thinks appropriate or newsworthy.

So, in the case above, was it a fact that there was a protest with the folks mentioned?  If so, the only real question is what was the reason that the BBC (or whoever for any "fact") decided not to report it while some other media outlet did?

Is it a fact that "free TV licence" for all is no more? And if so, who made that decision/added conditions for it to still be "free" and where was that reported? Etc. etc.

As the saying goes, you pays your money and takes your choice.

 

 

 

[Corolly Poly]

18 minutes ago, Basil-BarryC said:

Agreed I don’t think there’s much leadership quality with any of them. 

I'm hoping the rabid RW parliamentary party and membership enable Enoch. She is a similar intellect to Truss. She will try to appease them with policies aimed at getting the reform vote back. They will be back to square one with infighting and remain unelectable. 

[AndyN01]

25 minutes ago, Corolly Poly said:

I'm hoping the rabid RW parliamentary party and membership enable Enoch. She is a similar intellect to Truss. She will try to appease them with policies aimed at getting the reform vote back. They will be back to square one with infighting and remain unelectable. 

Am I missing something....

Who are the "RW parliamentary party" and who is "Enoch?" 🤔

[MC1216]

Free Gear-2Tier-No Idea-Sounds like Keir.😀

[JARC1]

11 minutes ago, AndyN01 said:

Am I missing something....

Who are the "RW parliamentary party" and who is "Enoch?" 🤔

I to do not understand this statement ????????????????????

[Corolly Poly]

13 minutes ago, MC1216 said:

Free Gear-2Tier-No Idea-Sounds like Keir.😀

"The MP who had declared the most gifts and hospitality items since 2010 was Laurence Robertson, the former Tory MP for Tewkesbury, who lost his seat at the last election. He accepted 88 gifts worth £81,913.53. Forty-nine of those came from betting companies, with a further 32 coming from horse racing companies."

[Cyker]

Blimey forget greasing the hand, that's full-body submersion!   

[Primus1]

We have a problem with the right wing media these last few years, most are owned by billionaires who push their own agendas, stuff on the internet is so muddled now we don’t know what to believe, it’s also influenced by outside sources just to spread misinformation, many just see the click bait headlines and believe everything, as the saying goes, we tell our kids there’s no such thing as Santa Claus but believe everything we read on the internet 

[Haliotis]

You only need to look into history to see why we are where we are today.   We once had an empire, and a handful of privileged British and their families lived the life of Riley on the backs of the indigenous populations.  Over time, the people of these countries got seriously fed up with these Brits and kicked them out.

So their descendants had to make do with what “good-life” they could achieve by milking the UKs Joe Public.  At the moment, Joe Public is being fuddled by all the lies and misinformation being fed to them to keep them in order.

But Joe Public will get there in the end and, when they have finished snapping at each other in frustration, they will turn on the bureaucrats and then the fireworks will start.

[davidif]

3 hours ago, Haliotis said:

You only need to look into history to see why we are where we are today.   We once had an empire, and a handful of privileged British and their families lived the life of Riley on the backs of the indigenous populations.  Over time, the people of these countries got seriously fed up with these Brits and kicked them out.

So their descendants had to make do with what “good-life” they could achieve by milking the UKs Joe Public.  At the moment, Joe Public is being fuddled by all the lies and misinformation being fed to them to keep them in order.

But Joe Public will get there in the end and, when they have finished snapping at each other in frustration, they will turn on the bureaucrats and then the fireworks will start.

Revolutionary talk Albert, where do I sign up?😁

[Corolly Poly]

He is unbelievable yet people still love him. 

[Corolly Poly]

On 10/8/2024 at 11:24 AM, Corolly Poly said:

Looking at the calibre of the Tory leadership candidates, I think you can safely amend the subject of this thread to 10 years of Labour.

With Dimly gone you can make it 15🤣