[Goku]

 Misnomer, on 12 January 2025 - 12:03 PM, said:

Anyway, what's the disinformation and lies about the Pakistani rape gangs, lay it out for us?

Literally everything Elon Musk has tweeted about it.

(Almost literally everything? I?m sure he?s said one or two truthful things, probably by accident)

This post has been edited by Goku: Yesterday, 03:53 PM

[isleaiw1]

s42blue, on 12 January 2025 - 11:27 AM, said:

Happy New Year all. Some of the slating of RR by the press has been poor and misrepresentative. Don?t get me wrong, I?m no apologist for Reeves and I think UK economic policy leaves a lot to be desired right now. But you can?t put the blame solely at her door when government borrowing costs all over the world have been rising together.

Both the 10y US and UK government bond yields have both risen pretty much in combination since September. Both by around 1%. In fact many Western government bond yields have marched higher. Unless Reeves is also the US Treasury Secretary then there is no way she is causing this rout. Rising global real rates is behind most of the move in gilt prices.

This is completely different to the Truss/Kwarteng gilt crisis, when the 10-year gilt yield surged in just three days while global rates were relatively stable.

It does put the UK in a difficult position. Growth is very weak, but the government may need to tighten policy to meet its fiscal rules now that borrowing costs are higher. They've got until the end of March when the OBR gives its verdict on the rules - bond yields could easily move in either direction between now and then.

As I say I?m no fan of the current chancellor and definitely not the leader but let?s stick to some proper debate jut not name calling BS.

I read a similar article in the Telegraph of all places saying that interest rates were rising across the world. However, the reality is that a rubbish budget, aligned to other decisions, has given the media the opportunity to present these stories. All of the most recent data coming out of surveys of businesses suggest that the next phase for the economy is rising prices and lower employment - it may be that the latter allow the BoE to reduce interest rates but the former suggests they wont and say interest rates will stay high, along with higher inflation and lower prospects...

They dont need to make up stories, the economics of the last 6 months are enough.

[Goku]

Wtf are we doing with the Chagos Islands? I don?t get it

[Spire-ite]

isleaiw1, on 12 January 2025 - 06:17 PM, said:

I read a similar article in the Telegraph of all places saying that interest rates were rising across the world. However, the reality is that a rubbish budget, aligned to other decisions, has given the media the opportunity to present these stories. All of the most recent data coming out of surveys of businesses suggest that the next phase for the economy is rising prices and lower employment - it may be that the latter allow the BoE to reduce interest rates but the former suggests they wont and say interest rates will stay high, along with higher inflation and lower prospects...

They dont need to make up stories, the economics of the last 6 months are enough.

Is it true we had the fastest growing economy in the G7 prior to Rachel from Accounts catastrophe?

[isleaiw1]

Spire-ite, on 12 January 2025 - 06:28 PM, said:

Is it true we had the fastest growing economy in the G7 prior to Rachel from Accounts catastrophe?

To be fair, its easy to get growth in the economy, doing it in a way that is good for the country long term is the challenge...

[s42blue]

 isleaiw1, on 12 January 2025 - 06:17 PM, said:

I read a similar article in the Telegraph of all places saying that interest rates were rising across the world. However, the reality is that a rubbish budget, aligned to other decisions, has given the media the opportunity to present these stories. All of the most recent data coming out of surveys of businesses suggest that the next phase for the economy is rising prices and lower employment - it may be that the latter allow the BoE to reduce interest rates but the former suggests they wont and say interest rates will stay high, along with higher inflation and lower prospects...

They dont need to make up stories, the economics of the last 6 months are enough.

These aren?t made up stories these are facts. I haven?t seen any Telegraph articles only charts comparing what I wrote about. However the reality? No this is the reality: interest rates are rising or not expected to fall as quickly as before.

As I said I?m no fan of the start the Labour Party have made. NI for employers being the worst decision they?ve made in my eyes (much worse than WFA). As a country I wouldn?t be surprised to see us enter stagflation in the near future.

Regarding surveys from business or purchasing managers etc many fund managers take these with a big dose of salt. .

[s42blue]

 Spire-ite, on 12 January 2025 - 06:28 PM, said:

Is it true we had the fastest growing economy in the G7 prior to Rachel from Accounts catastrophe?

Statistics, statistics etc.

Yes the UK had the fastest growing G7 economy in 2024 for 2024 as a stand alone period. But should we judge economic growth on such a short data set? I don?t think so. Nevertheless economists were saying the economy was going to slow in H2.

Looking back from before Covid the UK was 6th out of the G7. A more relatable term in my opinion. From a low number it?s then easier percentage wise to have the fastest growing in a short period.

[isleaiw1]

s42blue, on 13 January 2025 - 09:06 AM, said:

These aren?t made up stories these are facts. I haven?t seen any Telegraph articles only charts comparing what I wrote about. However the reality? No this is the reality: interest rates are rising or not expected to fall as quickly as before.

As I said I?m no fan of the start the Labour Party have made. NI for employers being the worst decision they?ve made in my eyes (much worse than WFA). As a country I wouldn?t be surprised to see us enter stagflation in the near future.

Regarding surveys from business or purchasing managers etc many fund managers take these with a big dose of salt. .

Wasnt disagreeing, in fact the opposite.... the facts are everyone's interest rates are up, but the crap budget means the media are gunning for her.

I am seeing all I worried we would get. Its not change, its government of the 70s...

Of course they do, and so do the govt - when they are in govt. When they are in opposition such surveys are trumpeted loudly.

The reality is we do need change - much more change than this govt will ever endorse. Sacred cows need to be set aside and a new approach deeloped that we can actually afford whilst also incentivising people to make money and contribute to society.

[s42blue]

 isleaiw1, on 13 January 2025 - 09:30 AM, said:

Wasnt disagreeing, in fact the opposite.... the facts are everyone's interest rates are up, but the crap budget means the media are gunning for her.

I am seeing all I worried we would get. Its not change, its government of the 70s...

Of course they do, and so do the govt - when they are in govt. When they are in opposition such surveys are trumpeted loudly.

The reality is we do need change - much more change than this govt will ever endorse. Sacred cows need to be set aside and a new approach deeloped that we can actually afford whilst also incentivising people to make money and contribute to society.

Fair play. Yep the honeymoon is probably the shortest I can remember!

And I?d agree with change but no government will upset their own populism or risk of a long term position in power. As I?ve said before of all the MPs I?ve met or been exposed to most I?d say are career politicians, happy to have a steady life in their own self importance.