01-10-2022, 12:24
(30-09-2022, 16:46)themaclad Wrote: Kwasi and Liz have now destroyed
https://www.reuters.com/markets/europe/d...022-09-30/
https://www.ft.com/content/0a7d5bba-4355...2b2298fed3
Credit Suisse on the verge of collapse
Meanwhile in Britain which apparently has crashe the economy with reckless tax cuts
https://www.cityam.com/uk-avoids-recessi...nt-growth/
Apparently two weeks ago we we apparently a small and insignificant island
Never mind Theo could be worse could still be in the EU
Finally not economic news it's taken them 58 years but looks as if they have found the remains of Keith Bennett the Moors Murder victim, lived about 4 miles from the evil pair have to think whether my parents were actually concerned at the time.
You are spectacularly missing the point here. The guardian article i quoted frames quite well whats happening in terms of growth. We are well behind the rest of Europe. Like Theo i reckon inflation is a lot higher that the figure quoted. My normal shop costs about 80 notes, yesterday it was over 100... And thats Aldi, by the way.
Bottom line is, if you are going to promote tax cuts then they have to be offset elsewhere else. The fact that the tory government wouldn't say how they would be funded, and that the OBR weren't allowed to sign it off seriously spooked the market. Probably deliberately to let their hedge fund mates short the pound...but i wouldn't rule out huge incompetence either.
My guess is these bastards are planning eye watering austerity for us, while its going to be a free for all for the wealthy. The post war consensus and union with Europe diluted the powers of the elite in the UK, and now they are well on the way back to getting complete control again. The state will be shrunk rapidly now. Thats whats really happening here.
And don't forget to grovel.