‘She has zero credibility’ - is Rachel Reeves making bigger mistakes than Liz Truss?

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The Spectator

The Spectator

Күн бұрын

Пікірлер: 313
@andrewhotston983
@andrewhotston983 Күн бұрын
Labour's biggest problem is Labour - they are utterly inept. They seem genuinely unable to foresee the consequences of their policies, which is very serious for the country.
@richjmb5522
@richjmb5522 Күн бұрын
@@andrewhotston983 Everything is a slippery slope with labour, a destructive slippery slope for everyone
@banedon8087
@banedon8087 Күн бұрын
Labour have always been bad with money. Add that to the insanity of what the Tories did, the inability to get back to where we were prior to 2008 GP-wise and the covid-mega spend/money-print and it's a bloody distaster.
@ukbloke28
@ukbloke28 Күн бұрын
you people are so ignorant. you can't run an economy on thin air, you speculate to accumulate. you appear to believe the ridiculous lie that the economy is like a household budget. it isnt/
@TobiasStarling
@TobiasStarling Күн бұрын
Still better than the tories
@andrewhotston983
@andrewhotston983 Күн бұрын
@@TobiasStarling The evidence says otherwise. And it's a pretty low bar.
@tizerrazor1956
@tizerrazor1956 Күн бұрын
6 months in and Labour's Rachel from accounts has tanked the economy with more to come. We cannot survive 5 years of this incompetence.
@puma21puma21
@puma21puma21 Күн бұрын
Still blamin Truss when she was in power for 2 mins? The crash happened because her budget didn't line up with what the WEF wants.
@TomTomicMic
@TomTomicMic Күн бұрын
She wanted to borrow 200 billion to pay energy bills without a pay back plan verified by the OBR, the market said no, the end!?!
@lindonpeasley2469
@lindonpeasley2469 Күн бұрын
She needed to borrow to cover tax reductions, but inflation was high. And getting inflation under control was the priority, so the Bank Of England righty put a stop to it. Right idea from Liz, wrong timing. Then Rishi came in with inflation reduction plan. Now we just have wrong from Labour, but to be expected. At least Liz was going for growth.
@puma21puma21
@puma21puma21 Күн бұрын
@@TomTomicMic Makes more sense than scrapping our farmlands for windfarms and solar pannels which has raised the cost of energy and made it more unreliable, maybe they should have invested in nuclear which Clegg said it would take 5 years so it's pointless to do.
@causevestnetwork7215
@causevestnetwork7215 Күн бұрын
@@TomTomicMic That didn't crash the economy bro :) the BOE report clearly owned up that it was them.
@ukbloke28
@ukbloke28 Күн бұрын
the crash happened because it was idiotic. but hey, keep believing your loony wef conspiracies.
@johnwatkins677
@johnwatkins677 21 сағат бұрын
Kevin Gillett, now retired, who was Director of Banking at Lloyd's HBOS wrote on social media recently. 'In 2009 Rachel Reeves was 3 levels below me. She was a Complaints Support Manager NOT an Economist. She nearly got sacked due to an expenses scandal when Managers were found to have been signing off each others expenses. She then had lots of doctor and dental appointments and so was followed. It turned out she was doing Labour Party business. When confronted, she resigned'. Mr Gillett asked for this to be shared with as many people as possible.
@FraserBailey-jm5yz
@FraserBailey-jm5yz Күн бұрын
There is more chance of me playing for Liverpool than there is of Labour doing anything to tackle the national debt or deficit.
@FreaksSpeaks
@FreaksSpeaks Күн бұрын
Try Mancity, they have a few vacancies. 😂
@karlarcher8773
@karlarcher8773 Күн бұрын
We've been in stagnation since 2008
@andrewhotston983
@andrewhotston983 Күн бұрын
Only mass immigration has created the feeble growth in GDP. Without immigration we would have been in recession for years.
@joerogers4510
@joerogers4510 Күн бұрын
True, we're still living with Gordon Brown's mistakes
@FreaksSpeaks
@FreaksSpeaks Күн бұрын
We were,now.down hill
@paultweedley2026
@paultweedley2026 Күн бұрын
Correct, basically been flat lining last 20 years because of inept governance, labour and unexpectedly also conservative!
@adtastic1533
@adtastic1533 Күн бұрын
You been in stagnation since 1945 other than a brief respite under Thatcher. Everybody knows what to do but the British public are addicted to free everything and let the Govt pay for it.
@dobs862
@dobs862 3 сағат бұрын
8 billion pounds for migrant hotels alone last year .
@stevenfarrall3942
@stevenfarrall3942 Күн бұрын
WE have far too much government and most of it has failed.
@TonyHills-c2d
@TonyHills-c2d Күн бұрын
When I was a Tory member, I voted for Truss. She didn't explain her budget BUT "they" wanted a WEF puppet. Now they've got one. Tories are finished for me.
@thegatekeeper2901
@thegatekeeper2901 Күн бұрын
Remember she went to the World Bank for endorsement of some sort….
@swarming1092
@swarming1092 Күн бұрын
I think she was removed because she crashed the economy like one week into becoming PM
@paulpenfold2352
@paulpenfold2352 Күн бұрын
What are you talking about?
@1ForTheShieldz
@1ForTheShieldz Күн бұрын
Liz had some great plans. Scrap ir35 tax to get people working and investing in the country. Labour are taxing and borrowing and giving it away to foreign countries. Utter mess.
@adtastic1533
@adtastic1533 Күн бұрын
She wanted to cut taxes while massively increasing spending. It was dumb as fuck just like everything else she did in politics.
@toadman5184
@toadman5184 Күн бұрын
Truss attempted to be an actual Conservative, so the Uniparty crushed her.
@simony2801
@simony2801 Күн бұрын
No, she was a laughing stock who didn’t know what she was doing so the tories binned her.
@toadman5184
@toadman5184 23 сағат бұрын
@@simony2801 She attempted to step out of line with the globalist agenda and was made a laughing stock for it. The tory membership voted her in, the globalists in the party pushed her out and installed their WEF puppet.
@andyansell9000
@andyansell9000 13 сағат бұрын
@@simony2801 Gosh! yet another FOOL commenting on what they clearly DON'T understand!!!
@simony2801
@simony2801 11 сағат бұрын
@@andyansell9000 whatever nonsense you want to believe.
@mw01908
@mw01908 7 сағат бұрын
She did apart from underwriting energy bills forever, with no limit, which is a very socialist policy, no wonder it crashed the markets. She would also have given unlimited money to Ukraines war on Russia forever, again something most people disagree with, and they never ask us about
@Knifeys
@Knifeys Күн бұрын
Rachel from accounts completetly ignored the the Laffer curve
@richierich7609
@richierich7609 Күн бұрын
The Laffer Curve is crackpot nonsense.
@mosheridan7016
@mosheridan7016 Күн бұрын
Bond crisis in the uk yesterday not surprising
@mosheridan7016
@mosheridan7016 Күн бұрын
Cos we had a black hole says the robot
@mfmcintyre
@mfmcintyre Күн бұрын
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
@BigNate82
@BigNate82 Күн бұрын
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
@ClaudiuDenis-hp4pf
@ClaudiuDenis-hp4pf Күн бұрын
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
@KaylaAnn11896
@KaylaAnn11896 Күн бұрын
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
@ufuksenol2005
@ufuksenol2005 Күн бұрын
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
@amytuttle1621
@amytuttle1621 Күн бұрын
A couple of years ago, I sold my buy-to-lets and invested in Bitcoin and XRP. The profits have been insane, and I’ll never go back to property investing. Robert at MicroStrategy is using Bitcoin as a proxy, potentially tax-free. With Trump pushing the U.S. further down the Bitcoin path, the future looks bright for this limited-supply asset. I’m all in.
@theralphster8492
@theralphster8492 Күн бұрын
A small, island country who needs to rely on building more and more houses for it's economy, what could possibly go wrong.
@lloydbooth-w1j
@lloydbooth-w1j Күн бұрын
You forgot constant immigration to boost GDP according to the civil service.
@Chickenlipped
@Chickenlipped 18 сағат бұрын
China
@mattjackson777
@mattjackson777 16 сағат бұрын
@@theralphster8492 the UK housing market became a ponzy scheme in the early 2000’s and ultra low rates and reckless lending kept the scheme going for a very long time. We have tonnes of debt building like a ticking time bomb and a weak economy because working people are paying way over the odds to get a roof over their heads.
@andrewhotston983
@andrewhotston983 Күн бұрын
The only surprise in this interview is that it took nineteen minutes before the word 'doomloop' was used. Seriously, what is the point of having an Office Of Budget Responsibility when the Chancellor introduces policies that simultaneously depend on economic growth and suppress economic growth? Surely a loud klaxon should have been sounding in the OBR for the last four months?
@georgehetty7857
@georgehetty7857 Күн бұрын
Ah but don’t you understand it’s different for Labour?🤭👍🏴󠁧󠁢󠁥󠁮󠁧󠁿
@andrewhotston983
@andrewhotston983 Күн бұрын
@@georgehetty7857 Clearly. Shame the markets won't agree.
@gymuscles
@gymuscles 23 сағат бұрын
Yes, isn't it ironic that the national debt has risen threefold since an 'Office of Budget Responsibility' was established
@ArchimedeanDiscoveries
@ArchimedeanDiscoveries 23 сағат бұрын
The government makes mistakes and the common people pay.
@petermach8635
@petermach8635 Күн бұрын
Just wait until businesses start laying off staff, both because of the National Insurance increases and because of economic slowdown ....... the reduced tax-take and increased benefits costs will give us a real helter-skelter ride.
@jaaguitar
@jaaguitar 28 минут бұрын
The Starkey Talks video on why Labour's economic plans are doomed is a must-watch.
@BulletProofBrain
@BulletProofBrain Күн бұрын
Every migrant entering the country is a liability and adds to the debt burden…perhaps we need to get off the couch instead of having our food delivered by migrants on scooters.
@thegatekeeper2901
@thegatekeeper2901 Күн бұрын
It’s blindingly obvious now! She has nothing intelligent to say at the moment.
@FreaksSpeaks
@FreaksSpeaks Күн бұрын
Of ever?
@francisravenscroft-dw6gi
@francisravenscroft-dw6gi Күн бұрын
Before this Labour Government gives more funds to the NHS, it should aduit how much is being spent of the massive 'management' of the organization. Compare that the private sector health providers and then remove CEO s of all NHS trusts that can not demonstrate improvements in front line services. Education budgets. How much is spent on CEOs of 'education trusts' that neither teach nor demonstrate any value for the improvement of learning outcomes for children. This is called cost/benefit Chancellor Reeves.
@stephfoxwell4620
@stephfoxwell4620 Күн бұрын
Raising Employer's Nics was a massive mistake.
@markdownton3185
@markdownton3185 23 сағат бұрын
It's not a mistake for the Commies
@ianrobinson6788
@ianrobinson6788 Күн бұрын
Too many people being paid too much for doing too little…….
@1ForTheShieldz
@1ForTheShieldz Күн бұрын
Liz had great plans, scrap ir35!!!
@garymitchell5899
@garymitchell5899 Күн бұрын
13:16 FYI it's not Stagnation it's Stagflation. Come on
@swarming1092
@swarming1092 Күн бұрын
Well that was both deeply insightful and profoundly distressing. Thanks, Kate. 😭
@schrodingerscat1863
@schrodingerscat1863 23 сағат бұрын
Truss was at least borrowing in an attempt to create the best conditions for growth, many economists in hindsight suggest it would have actually have been a net benefit in the medium term if it had been done. However what we see from this chancellor is such backwards thinking, she says she wants growth and at the same time adds £40bn to the overall tax burden which isn't even fully implemented yet and is already causing economic contraction.
@biglongun
@biglongun Күн бұрын
The adults are back in the room…problem is they’re all on PCP
@MRWKFClark
@MRWKFClark Күн бұрын
That would be better than the current government.
@aficio698
@aficio698 Күн бұрын
Adults? No. The vegetables are in charge.
@clewis4744
@clewis4744 Күн бұрын
​@@aficio698You have reminded me of spitting image. "And the vegetables?". "They will have what I'm having". People are missing Maggie Thatcher now.
@ukscooby653
@ukscooby653 13 сағат бұрын
@biglongun that made me laugh so much! 🤣
@garymitchell5899
@garymitchell5899 Күн бұрын
3:25 FYI interest payments are not reducing the debt. Come on.
@SteveJones-gz4vd
@SteveJones-gz4vd Күн бұрын
Damn right lol
@richardplane2155
@richardplane2155 Күн бұрын
Interest rates are about to spiral out of control.
@FreaksSpeaks
@FreaksSpeaks Күн бұрын
Hope so, house price crash to reset everything.
@jablot5054
@jablot5054 20 сағат бұрын
Great, as long as that leads to better rates for savings and lower house prices.
@md-mcintyre
@md-mcintyre 22 сағат бұрын
Truss was borrowing to grow, that's a huge difference. Labour are borrowing to pay for crazy schemes , paying off the unions and borrowing to then give billions overseas. None of the borrowing by Labour is for proper economic growth.
@MP-mr8rj
@MP-mr8rj 14 сағат бұрын
The markets know that Labour are going to destroy the UK economy, capital is leaving! 😢 Buckle up!
@perikleshistory
@perikleshistory Күн бұрын
Worse mistakes. Rachel has increased the tax burden and public spending. Strangling growth and raising the deficit. At least Truss's budget was progrowth and would have given people more money in their pockets!
@Rex-G8UBJ
@Rex-G8UBJ Күн бұрын
If Liz had gone at it more slowly she would have been okay.. Rachel's increase is slower but deeper.. and will be far more damaging.. I can see the IMF arriving to 'help us out' soon😮
@mosheridan7016
@mosheridan7016 Күн бұрын
Uk is finished with these commies it's back to the 70s
@andyansell9000
@andyansell9000 13 сағат бұрын
Truss's budget was actually very much Conservative, more so than any Tory leader since Thatcher! It was the DELIVERY was was bad judgement and NOT the actual POLICIES!
@HudsonLighting
@HudsonLighting 13 сағат бұрын
I don't ever get the talk of these figures about inflation below 3% etc, I can tell you that our food costs have increased some 40% over the last two years, electricity still much much higher than it was, and from a business perspective, business has been done hugely, we let go half of our work force recently. Not sure where the figures come from as my bank balance reflects completely differently
@markdownton3185
@markdownton3185 23 сағат бұрын
The pound is tanking like all fiat currencies always do. Inflation is higher than stated and as such purchasing power is falling. Brown sold the gold so we're basically screwed
@mw01908
@mw01908 7 сағат бұрын
Reeves budget has caused much bigger probs than Truss
@MZig-rw7su
@MZig-rw7su 16 сағат бұрын
We've had inept government for so long now deliberately going against the Democratic wishes of the voters that Collapse is inevitable.
@joerogers4510
@joerogers4510 Күн бұрын
Wow, anyone would think that Rachel Reeves is completely clueless about economics! Maybe she should have stuck to customer services...
@mosheridan7016
@mosheridan7016 Күн бұрын
Amazing she is still even Chancellor so definitely needs to resign now along with the rest of the Labour front bench.
@rodpanhard
@rodpanhard 13 сағат бұрын
Liz Truss never relly made mistakes, that was a mouse click orchestrated crisis to get her out and Rishi in.
@johnnagle7702
@johnnagle7702 Күн бұрын
Why would you buy a gilt or bond at these rates.They should be much higher to be compensated for the true level of price increases
@UtubeRfarlefty
@UtubeRfarlefty 19 сағат бұрын
Reeves makes Truss look like a genius. Is there nobody with an IQ over 40 in the Uniparty?
@NorfolkSceptic
@NorfolkSceptic Күн бұрын
Thanks Julian, for mentioning the LDI time bomb, something that the BoE didn't tell Liz Truss about.
@martinstephens4633
@martinstephens4633 17 сағат бұрын
Reeves lost more than 30B??? Haven't picked up on that yet. The idiocy of the bias in this "headline" is comparable to the Guardian.
@cyndy2484
@cyndy2484 Күн бұрын
I was behind liz, look where we are now 🤷‍♀️
@mosheridan7016
@mosheridan7016 Күн бұрын
Liz was ok media needs to stop repeating the lies about her.
@alanevans9604
@alanevans9604 Күн бұрын
Join Reform 🇬🇧
@jablot5054
@jablot5054 20 сағат бұрын
Why ? They have no economic policies.
@alanevans9604
@alanevans9604 20 сағат бұрын
@jablot5054 probably better than Labours disasterous ideas. Our country needs to drain the swamp.
@SimonParkes-ud4jn
@SimonParkes-ud4jn 23 сағат бұрын
Liz Truss and Kwazi Kwateng were trying to promote growth in the UK economy by maintaining government spending and reducing taxes. Could it have worked? Well the previous and current governments have maintained spending whilst increasing taxes and that has stalled the economy - continuing the decade plus period of near zero growth in the UK. It’s growth we need - Truss and Kwateng were right on that and maybe they were on the right lines with the mini-budget. What really derailed it was the LDI problem - nobody had really picked that up and that is what forced the changes. Absent that, I tend to think we need something to boost the economy and promote growth - tax cuts probably ought to be part of that strategy.
@Potato-ru8nh
@Potato-ru8nh Күн бұрын
as a holder of government bonds this doesn't increase my interest as he suggests, I've lost capital value and have the same yield I bought in at. I'd need to make a new investment to get a higher yield.
@LurchLures
@LurchLures Күн бұрын
Serious question. Bonds are loans, and money is work tokens. So for a loan to make a real profit , not a nominal one from money printing, gthen the loan has to be invested and people have to work harder or more effectively than they would have without the loan to pay you interest. How is the UK government going to invest the money and who is going to work harder or more efficiently to pay the interest?
@Chiefmismaker
@Chiefmismaker Күн бұрын
"To what extent is growth the key problem?...". !!!!
@chickennugget3362
@chickennugget3362 Күн бұрын
Love Kate 😍
@chieftandriver703
@chieftandriver703 Күн бұрын
Poor old Liz Screwed by the establishment. And not in a good way
@richardplane2155
@richardplane2155 Күн бұрын
😂
@LeeGould-b6w
@LeeGould-b6w Күн бұрын
Proof they are captured by the public sector whose interest is primarily in themselves. Any A level economics student could see the budget would impede growth
@colbr6733
@colbr6733 Күн бұрын
It remains far more attractive to invest overseas, along with UK market confidence declining and more painful measures expected from the government, it's not hard to see what's going on.
@stevebreedon62
@stevebreedon62 22 сағат бұрын
If you keep blaming Truss why aren't you blaming Starmer rather than Reeves
@hazchemel
@hazchemel 5 сағат бұрын
When we say, most people don't want to cut spending, we mean the civil service and the political parties.
@iconicon5642
@iconicon5642 7 сағат бұрын
Can't governments cut spending? You know throwing money can be reduced?
@johnwade1095
@johnwade1095 Күн бұрын
If this 'smear Truss by association' is due to the influence of the dreadful Gove, I will cancel my subscription.
@johnnagle7702
@johnnagle7702 Күн бұрын
The fuse was lit on the 15th August 1971
@mosheridan7016
@mosheridan7016 Күн бұрын
Stop knocking Trump he is 10 times better even on his worst day than these liebor commies.
@Worldturnedupsidedown
@Worldturnedupsidedown 23 сағат бұрын
YES.But the public are clueless
@johnnagle7702
@johnnagle7702 23 сағат бұрын
@@Worldturnedupsidedown yes brainwashed
@markdownton3185
@markdownton3185 23 сағат бұрын
Exactly. Ditch the toilet paper!
@John-c4r1o
@John-c4r1o 21 сағат бұрын
Rachel is nothing more than a team leader in a call centre. She must have had bad credentials to fall from the BOE to such a position...😂
@bigbarry8343
@bigbarry8343 21 сағат бұрын
6:30 as for liability driven investments, is it not that government is now bailing out PE giving them access to our private pensions?
@richardplane2155
@richardplane2155 Күн бұрын
Ive said it again and again . There was NOTHING WRONG AT ALL WITH THE LT budget . That was our last chance . But the establishment conspired to scupper it . Including a load of so callled pension fund managers who were caught with the wrong overleveraged positions who should have known better .
@johnwalker91
@johnwalker91 Күн бұрын
Nothing on energy?
@colinmacdonald5732
@colinmacdonald5732 22 сағат бұрын
We don't use so much energy... cynics like myself might attribute this "efficiency" to the rise of bullshit jobs, a penpusher might be earning 30K, works mainly from home with a laptop, energy consumption no higher than a welfare queen on the Sick. Then you've got people who do real stuff, make things, they actually need energy to do their job. Our economy has switched more and more to bullshittery, the GNP might look good but our real tangible living standards keep dropping year on year.
@graemeshort1928
@graemeshort1928 Күн бұрын
Why is our useless Chancellor RR still in Post? as her Budget has Failed as slammed by B of E and OECD? Get her GONE and Soon! Find a real economist! Support the OAP’S, WASPI's and the FARMERS. STUCK FARMER
@markdownton3185
@markdownton3185 23 сағат бұрын
Rachel Reeves - Chancer of the Exchequer
@fluffy-puffy-puppy
@fluffy-puffy-puppy 17 сағат бұрын
The only way is to decrease government spending. Taxes are already so high that we are on the wrong side of the Laffer curve. I.e. Even higher tax rates will only reduce tax revenue, as companies leave, and people choose to work even less as they are no longer sufficiently compensated net of taxes
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@BnazerriKhiid Күн бұрын
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@ghazanferfazli7335 Күн бұрын
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@BnazerriKhiid
@BnazerriKhiid Күн бұрын
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@BnazerriKhiid
@BnazerriKhiid Күн бұрын
Elizabeth stark
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@AndrewMikel-js7qb Күн бұрын
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@KhiidZerri Күн бұрын
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@duncanfindlay3227
@duncanfindlay3227 Күн бұрын
Maybe naked greed is what is responsible for the increased bond yields. COVID saw the largest transfer in wealth to the financial elite in history, my intuition is that the interest in bond yields will profit exactly the same institutions and individuals.
@brad9205
@brad9205 Күн бұрын
2:58 something else? Hmmm
@Brommear
@Brommear Күн бұрын
14:30 "... temporary uptick in inflation..." Is that similar to transitory inflation? Why is that hardly comforting?
@johnnagle7702
@johnnagle7702 Күн бұрын
Crack up boom more realistic
@MichaelFriday-w2n
@MichaelFriday-w2n Күн бұрын
You look at the intellectual depth of the Labour front bench and it's very shallow. You then look at the same on His Majesty's opposition and you see Chris Philps. We are in real trouble.
@georgeallcorn6302
@georgeallcorn6302 Күн бұрын
Of course we don't quite have manufacturing , " optimistic " think the Land and Kondratieve cycles , the Landcycle will land this year , 2025.
@georgeallcorn6302
@georgeallcorn6302 Күн бұрын
According to Robert Beckman , there is an " interest rate cycle " interest rates move in parallel with inflation ,
@Retrogamer71
@Retrogamer71 20 сағат бұрын
Comparing the bond rates in USA is nonsense as being a global phenomenon. The two countries have more State debt to GDP than the rest of the world. More than 100% of the whole GDP of the country.
@hughn
@hughn Күн бұрын
The NHS is currently choked with people suffering from 'flu. I wonder if they are people who can't heat their homes this winter? I'd love to know how much extra is going out in all the applications for Pension Credit that were submitted after the Winter Fuel Payment was stopped. She didn't seem to realise that the public sector has to pay the increase in NI, too - sucking more out of the budgets of the Police, the NHS, etc.,
@colinmacdonald5732
@colinmacdonald5732 22 сағат бұрын
Tsskk... we're in a Climate Emergency and Global Heating means no domestic heating required!
@georgeallcorn6302
@georgeallcorn6302 Күн бұрын
Government bonds were yielding 13 or even 15%, at a point in the eighties , if correct .
@benjaminmarks2662
@benjaminmarks2662 22 сағат бұрын
Normally I like the Spectator's reporting but the first 5 mins or so explanation of this was just totally incorrect. Change in bond yields only effect new debt issues not existing debt. The previous 10-years that were issued at a lower rate will not see an increase in the interest payment (although there value falls because you can now get 4.8% on new debt issued). The problem is going forward when the government needs to borrow it will pay more interest on this debt, primarily because it seems more risky to get a repayment as our debt load increases. The key to fixing this issue is to cut spending, not taxes. We could start with not giving 10k a year to all over 67s, if you are a millionaire (25% of pensioners are) you should not be getting money from the government.
@johnkitching2248
@johnkitching2248 Күн бұрын
The Tories tried tax cuts & public spending cuts from 2010. That was a hopeless failure.
@FreaksSpeaks
@FreaksSpeaks Күн бұрын
And it got worse now.
@johnkitching2248
@johnkitching2248 Күн бұрын
@ You must think you can build Rome in a day.
@edmond5713
@edmond5713 Күн бұрын
UK 10Y and 30Y bond yields are going higher while the GBP is weakening. 😬
@UBF100
@UBF100 19 сағат бұрын
I thought gilts have fixed coupons. The yield just reflects a change in market price ?
@fluffy-puffy-puppy
@fluffy-puffy-puppy 17 сағат бұрын
@UBF100 A government in deficit means new gilts have to be constantly issued. These new gilts will be issued at yields with the higher current market rates for investors to care to purchase them, so increasing current borrowing cost.
@billybunter5575
@billybunter5575 23 сағат бұрын
same labour same borrowing same negatives policys same depressive outlook for the uk same old party no ideas no common scence no way out another election coming soon folks.
@pobishop235
@pobishop235 Күн бұрын
I don't expect that Labour will do anything that will affect growth positively; quite the opposite. And don't underestimate the corrosive effect of falling GDP per person due to a stagnant economy and mass immigration.
@mccanncollection
@mccanncollection Күн бұрын
they're a disaster, a titanic disaster
@williamsnowden8186
@williamsnowden8186 Күн бұрын
Liberal luvvie Katie is not impressed by Liz Truss... what a surprise.
@thutomoof
@thutomoof 22 сағат бұрын
Tax = penury for all.
@nickgood8166
@nickgood8166 20 минут бұрын
That geezer's wallpaper is hectic!
@Pod6168
@Pod6168 21 сағат бұрын
My prediction: Rachel from Accounts is going to increase VAT 250 bps thinking that will “raise revenue,” which will cause a severe, consumer-driven recession and significant decline in aggregate tax revenue, leading to a severe economic crisis in the UK. I’m massively short Gilts and Sterling.
@mattjackson777
@mattjackson777 16 сағат бұрын
Weaker pound means higher import costs, which leads to higher prices and then rising inflation. Base rate won’t be cut for a while. House prices will continue to fall (they were falling in the November results and December likely the same).
@dward5945
@dward5945 3 сағат бұрын
I don’t know. Housing is unaffordable for most people - but not all. There is still too much demand and not enough supply. The rich will get richer and the poor will get poorer and the whole country will be worse off.
@proffpuff
@proffpuff Күн бұрын
Twice a year the OBR look at the bank account that should be daily
@spiritualdeath101
@spiritualdeath101 20 сағат бұрын
We're going down 70s style. This will provide political energy for change but only after a lot of grief. I don't suppose Labour or Conservative will survive. What takes their place is hard to see, reform is too reactionary, the SDP is less hard-edged. UK media is a big part of the problem - oppressing debate and brokering dishonest conversations. You are beginning to see some free thinking people on youtube channels but they are disparate & distrustful of the establishment. If they somehow coalesced into a 'UK future' channel - you may find some kind of future vision for the UK which had meaning. The collapse of trust in government and governance is obvious to everyone. When law and order breaks down (which it is beginning to at the margin) a whole cohort of leaders will be desperately required. They are out there.
@alisonbrown1841
@alisonbrown1841 Күн бұрын
12 billion cost of next yr chanel migrants black hole yr increase before income made
@mosheridan7016
@mosheridan7016 Күн бұрын
What investment in the uk they are just wasting money
@ukscooby653
@ukscooby653 11 сағат бұрын
Truss/Kwarteng sprinting and dribbling the ball all the way down the pitch... Unfortunately Starmer/Reeves got the home goal. But good ol' Kwart/Lizz started that ball rolling. They both haven't done our economy any good, they were both thinking along party politics, rather than what we need as a country. I like Reeves, but I've been underwhelmed by her so far. If I were you SirK, I'd be looking at a replacement. The biggest problem with party politics is PARTY POLITICS! (this applies to all) We definitely need to get rid of the whips, the MPs are sent there to represent US! (Oh and I'm really grateful for my 1.5% increase in disability benefit this year 🙄... I'll be able to buy a pint of milk every week, but don't fret, there's now PLENTY of space in my fridge!!!) I'm thinking of relocating to HMP Styal ...I hear they get three meals per day there. And just for those of you thinking that I'm a scrounger and should be grateful, I worked for 40+ years! ... so working all your life doesn't guarantee that you'll be looked after, especially if you're a pensioner or disabled. GET OFF OUR BACKS, ALL OF YOU!
@dward5945
@dward5945 3 сағат бұрын
“I like Reeves” Wow.
@ukscooby653
@ukscooby653 2 сағат бұрын
@dward5945 you have a very low "wow factor" 😂
@Chiefmismaker
@Chiefmismaker Күн бұрын
StagFLATION!!!
@iconicon5642
@iconicon5642 7 сағат бұрын
How can this guy be an "optimist" when the Soviet commitern is deciding UK economic policy?
@well-blazeredman6187
@well-blazeredman6187 Күн бұрын
Liz Truss should be making hay with this latest news. I wonder what this does to her chances of getting her old seat back?
@nicholasriley3569
@nicholasriley3569 Күн бұрын
'Stagnation' or stagflation!!!!
@darkbrotherhood3607
@darkbrotherhood3607 Күн бұрын
Growth doesn't matter as much as people think, the democrats delivered growth but that growth was localised and failed to be distributed/trickling down enough to be felt. This party is a 1 term party.
@shig4238
@shig4238 23 сағат бұрын
That wallpaper is just awful
@stevenfarrall3942
@stevenfarrall3942 Күн бұрын
From memory Truss / Kwarteng did not cut taxes. They mostly just cancelled tax rises and (I think) cut higher rate IT which was not a big cost.
@markdownton3185
@markdownton3185 23 сағат бұрын
They proposed a 1% cut in basic rate income tax
@stevenfarrall3942
@stevenfarrall3942 16 сағат бұрын
@@markdownton3185 So did not 'cut taxes' but proposed a future tax cut. There are two good articles you can read up on. Just google 'mises liz truss'.
@Jrjg88
@Jrjg88 13 сағат бұрын
Whilst Labour are certainly undermining, Liz Truss is a clown and her little budget was a complete disaster. Let’s try and stick to facts here gang
@Richard-ys9wk
@Richard-ys9wk 3 сағат бұрын
Is it time to get out of currency?
@MaximilienRobespierre1
@MaximilienRobespierre1 18 сағат бұрын
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