Your post suggests the BoE carry most of the blame. Almost every advanced economy was behind the curve when it came to rate hikes. The only difference is that this government have chosen to do feck all with the vast array of fiscal tools it has.
Westminster Politics
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
Note: Real Wages are at pre financial crisis levels. I’m talking 2005/6
The new 3 word slogan is going to be 'Hold Your Nerve!'
No. Not at all.
I have previously mentioned that the government is hiding behind the BoE and is doing absolutely nothing at all to help.
So I completely agree with you.
Phew
So the real message is "you're fecked but I'll be OK"
They explained that the didn't think it was agood idea for him to be on HIGNFY making jokes and than on the news later for serious subjects. It makes sense and I hate the BBC
The BoE did nonetheless choose to increase base rates by very much the top end of expectation. Thereby greatly increasing the misery on millions who are already on the floor.
But the government could have temporarily increased their target of 2% inflation to a higher level so allowing the BoE to either hold or increase the rate by a smaller amount.
But what do I know.
Oh really.
So how are people supposed to both pay their mortgages or rents while at the same time dealing with near 20% food inflation.
Any advice Mr Bailey, while you are drawing your £600,000 salary.
Wages aren’t even going up. It’s a feckin myth.
It was a pre recorded show and the BBC as usual running scared of the Tory Government. HIGNFY is meant to be a comedy show and if they don’t expect jokes to be made about the Boris situation then I don’t know what to say.
Just remember that is the side which call others snowflakes because they think the left can’t take a joke.
Brown was widely praised for his somewhat unexpected creation of an independent monetary policy committee, but all these years later I do wonder how independent it actually is.
If the government could choose to have more pain now, even if more than necessary, in order to see inflation and interest rates moving down by the election I suspect they would do so.
When are we going to see the big pay-off that their years of austerity are most assuredly going to bring us? Or is it all fecking bollocks?
The latter, always was
Austerity didn't go far enough or last long enough for it to actually bear fruit. But we have to stick to it and make it even purer, after all it's just non-ideological, incontrovertible economic science, isn't it?
Yeah, whatever they cut this time around will become the new normal just like last time.
I for one am happy to eat cardboard if it means our god the Economy gets to live on. Praise be to the Economy.
The Tories austerity policy of Osborne and Cameron lasted nearly 10 years...
Absolutely. It's obvious to anyone except those with Conservative ideology that corporate profit is driving inflation.
"List of countries that we should piss off" definitely doesn't include the fecking United States.
People like this have a vote. They can cast a vote. Good lord.
Watched the Rishi interview on Laura K this morning. Absolutely awful. The man has zero empathy and immediately gets on the defensive under any questioning.
Sticks robotically to the same pre-prepared soundbites and refuses to deviate. The level of evasion and repetition is worse than I think I have ever seen before.
Sticks robotically to the same pre-prepared soundbites and refuses to deviate. The level of evasion and repetition is worse than I think I have ever seen before.
Yeah it's 3 for 3 in a row for terrible prime ministers for the Tories. The 2 before weren't much better either I guess.
They're quite clearly a party that needs to stand down and literally regroup.
As I have said three times now, it's a changing situation, we're monitoring it and speaking to our allies, which is what people would expect us to do.
Cameron was ignorant and driven by bad ideology. May was pathetically weak. Yet you're right, the last 3 have been worse.
Rishi reminds me of one of those candidates on the Apprentice that bluffs there way to near the end and gets absolutely slaughtered come the interview stage.
He's a blagger, a bad one at that.
He's a blagger, a bad one at that.
I find this tactic of absolutely, under no circumstances whatsoever, ever answering a fecking question and instead regurgitating unrelated soundbites unbearably maddening. It's not just Rishi though, or the UK Conservatives, it's rather widespread and only getting worse and worse.
Sunak is like a bad AI. Fecking hell!
Click bait nonsense. Nobody in the Tory party likes Truss and nobody in the world let alone Tory party thinks she’s popular in any way shape or form.
Another Tory Winter is setting in and this time it's going to be 0k!
So, what's the point of pay review bodies again? Seems they only agree with them when it concerns MP's salaries.
UK government willing to ignore public sector pay review bodies, minister says
Chief secretary to the Treasury confirms some recommended rises could be blocked despite prospect of strikes
https://www.theguardian.com/society...public-sector-pay-review-bodies-minister-says
UK government willing to ignore public sector pay review bodies, minister says
Chief secretary to the Treasury confirms some recommended rises could be blocked despite prospect of strikes
https://www.theguardian.com/society...public-sector-pay-review-bodies-minister-says
What does ‘not going on the roofs with anything’ even mean?