news & politics:discussion

[Crazyfool01]

hes a bloody mess isnt he ? 

[Guest]

It’s all a bit surreal isn’t it?

[Ryan1984]

1 hour ago, steviewevie said:

is he going to get away with it?

He always does.

[Punksnotdead]

1 hour ago, steviewevie said:

is he going to get away with it?

I don't think the committee believes a single word that comes out of his mouth, but it depends how much proof they need that he's a lying c**t!

[steviewevie]

Breaking News: Rishi Sunak is rich.

[steviewevie]

 

[Guest]

He's losing it now.

[squirrelarmy]

I’ve had to work. Is it worth watching from the start?

[steviewevie]

Just now, squirrelarmy said:

I’ve had to work. Is it worth watching from the start?

watch the highlights package later.

I haven't seen much of it either.

[Crazyfool01]

yeah highlights id say .... loads of boris waffle and repetition 

[Crazyfool01]

Looks like hes done for ... reading responses on twitter 

Edited March 22, 2023 by Crazyfool01

[Guest]

Man of the people. 

[Guest]

 

[Neil]

7 hours ago, steviewevie said:

Bojo coming out fighting..he is well prepped

looks like the expensive lawyer earned his money.

[Neil]

2 hours ago, Ozanne said:

 

murphy talking about what he knows about for once, instead of stuff he knows fuck all bout, like economics.

[steviewevie]

I might publish my tax return too.

[steviewevie]

interest rate up to 4.25%. Woohoo!

[Neil]

1 hour ago, steviewevie said:

I might publish my tax return too.

i might have to re-do a tax return, to include some capital gains. 🙂 

[steviewevie]

BoE also says doesn't expect a recession this year, and inflation should fall even more rapidly, and everything is going to be brilliant.

[Guest]

1 hour ago, steviewevie said:

interest rate up to 4.25%. Woohoo!

I still maintain that raising interest rates right now is the wrong course of action.

[Guest]

 

[cellar]

32 minutes ago, Ozanne said:

I still maintain that raising interest rates right now is the wrong course of action.

Why? It's a tricky decision for sure, and if inflation figures hadn't risen yesterday there would be a stronger case for staying at 4%, but still coming with its own risks.

Short term pain, but hopefully mitigating longer term pain.

[steviewevie]

47 minutes ago, cellar said:

Why? It's a tricky decision for sure, and if inflation figures hadn't risen yesterday there would be a stronger case for staying at 4%, but still coming with its own risks.

Short term pain, but hopefully mitigating longer term pain.

But at same time they have forecast inflation to drop rapidly soon...because of energy prices coming down...and this inflation was always mainly driven by supply side...so isn't a rate rise unnecessary..or even more harmful?

(I know f-all about how all this works though)

[Neil]

1 hour ago, Ozanne said:

I still maintain that raising interest rates right now is the wrong course of action.

its the only way to prop-up an otherwise worthless pound.

[cellar]

11 minutes ago, steviewevie said:

But at same time they have forecast inflation to drop rapidly soon...because of energy prices coming down...and this inflation was always mainly driven by supply side...so isn't a rate rise unnecessary..or even more harmful?

(I know f-all about how all this works though)

True, and with whats happened with the banks recently it did look like they might not have gone ahead with it, but yesterday's inflation rise probably decided it for them.

There are definitely risks with the rise (we might see more issues with banks), but like the ECB it seems BoE think inflation is still the bigger threat.

Also yeah inflation hasn't been driven by fiscal policy, but we can use it to help bring it down. And even if inflation is forecast to drop sharply, this should help it drop faster and harder (which is a good thing, especially if it were to result in deflation - not that I think that will happen).