The Fun Factory Posted September 28, 2022 Share Posted September 28, 2022 This is a open goal for Starmer. Even if he only looks vaguely competent by the floating voter that is a mass improvement. Link to comment Share on other sites More sharing options...
phily85 Posted September 28, 2022 Share Posted September 28, 2022 I'm not ashamed to say this latest finance stuff is going way over my head, I know it's not good. There are some people posting in hear that clearly understand this a lot better then I has anyone got a bit of an idiots breakdown of what's happening Link to comment Share on other sites More sharing options...
Popular Post bickster Posted September 28, 2022 Moderator Popular Post Share Posted September 28, 2022 Just now, phily85 said: I'm not ashamed to say this latest finance stuff is going way over my head, I know it's not good. There are some people posting in hear that clearly understand this a lot better then I has anyone got a bit of an idiots breakdown of what's happening We're f***ed 2 3 Link to comment Share on other sites More sharing options...
bannedfromHandV Posted September 28, 2022 Share Posted September 28, 2022 Just now, phily85 said: I'm not ashamed to say this latest finance stuff is going way over my head, I know it's not good. There are some people posting in hear that clearly understand this a lot better then I has anyone got a bit of an idiots breakdown of what's happening We’re all totally f**ked. 1 Link to comment Share on other sites More sharing options...
phily85 Posted September 28, 2022 Share Posted September 28, 2022 I thought as much. I might copy and paste my post and put it on my CV I might be chancellor next week 1 Link to comment Share on other sites More sharing options...
KentVillan Posted September 28, 2022 Share Posted September 28, 2022 21 minutes ago, ml1dch said: Good work Tory voters. Tbf it’s not even Tory voters. Boris wasn’t elected on a manifesto to do this. This is just Truss completely changing tack mid Parliament with no mandate whatsoever. A complete car crash. 2 Link to comment Share on other sites More sharing options...
Popular Post Chindie Posted September 28, 2022 VT Supporter Popular Post Share Posted September 28, 2022 1 minute ago, phily85 said: I'm not ashamed to say this latest finance stuff is going way over my head, I know it's not good. There are some people posting in hear that clearly understand this a lot better then I has anyone got a bit of an idiots breakdown of what's happening In super basic terms, the government has chosen to act in a manner that is completely stupid during an ongoing global economic crisis (they've decided to borrow money to give it away to the richest in society), to the extent its caused bankers to ditch investments in British concerns as they fear the actions are going to tank everything, which has caused the pound to swan dive, which means everything we buy from abroad instantly got more expensive. In turn the connected financial markets have taken a hammering and a bunch of pension funds nearly went pop, which lead the Bank of England to buy government gilts to save them from going pop. Oh and the IMF, who basically only ever comment on developing countries doing stupid things with their economies, chipped in to say the British government is being moronic. Investors are also commenting that Britain is acting like a developing economy that doesn't know what it's doing. 5 1 Link to comment Share on other sites More sharing options...
Popular Post ml1dch Posted September 28, 2022 Popular Post Share Posted September 28, 2022 (edited) 55 minutes ago, KentVillan said: Tbf it’s not even Tory voters. Boris wasn’t elected on a manifesto to do this. This is just Truss completely changing tack mid Parliament with no mandate whatsoever. A complete car crash. Nah. You vote for a party, not a Prime Minister. As they are usually comfortable telling us when they change leader. If the "vote a party not a PM" line is good enough in times when it suits them, then their voters can also own their vote when the party that they vote for sets a bomb off under the country. It's not as if the last six years haven't provided enough clues that they are party of deranged lunatics. Edited September 28, 2022 by ml1dch 7 Link to comment Share on other sites More sharing options...
mjmooney Posted September 28, 2022 VT Supporter Share Posted September 28, 2022 19 minutes ago, KentVillan said: This is just Truss completely changing tack mid Parliament with no mandate whatsoever. A complete car crash. She's like Homer Simpson being given free rein to press random buttons at the nuclear reactor, just to see what will happen. 2 Link to comment Share on other sites More sharing options...
fruitvilla Posted September 28, 2022 Share Posted September 28, 2022 4 minutes ago, ml1dch said: Nah. You vote for a party, not a Prime Minister. Fair point. Boris and now Truss are doing it by themselves. Link to comment Share on other sites More sharing options...
ender4 Posted September 28, 2022 Share Posted September 28, 2022 45 minutes ago, ml1dch said: Good work Tory voters. Nah, i doubt pension funds were going insolvent 4 days after a run on a currency. Any pension funds will have diversified globally, so they'll be have part of their portfolio in dollars which will offset any losses in £. Link to comment Share on other sites More sharing options...
Guest Posted September 28, 2022 Share Posted September 28, 2022 4 minutes ago, mjmooney said: She's like Homer Simpson being given free rein to press random buttons at the nuclear reactor, just to see what will happen. I’ll push her buttons Link to comment Share on other sites More sharing options...
mjmooney Posted September 28, 2022 VT Supporter Share Posted September 28, 2022 Link to comment Share on other sites More sharing options...
sidcow Posted September 28, 2022 VT Supporter Share Posted September 28, 2022 12 minutes ago, mjmooney said: She's like Homer Simpson being given free rein to press random buttons at the nuclear reactor, just to see what will happen. I've shamelessly stolen that MJM Link to comment Share on other sites More sharing options...
mjmooney Posted September 28, 2022 VT Supporter Share Posted September 28, 2022 19 minutes ago, sidcow said: I've shamelessly stolen that MJM Feel free (KW). Link to comment Share on other sites More sharing options...
KentVillan Posted September 28, 2022 Share Posted September 28, 2022 34 minutes ago, ml1dch said: Nah. You vote for a party, not a Prime Minister. As they are usually comfortable telling us when they change leader. If the "vote a party not a PM" line is good enough in times when it suits them, they their voters can also own their vote when the party that they vote for sets a bomb off under the country. It's not as if the last six years haven't provided enough clues that they are party of deranged lunatics. You vote for a party and its manifesto. What is really unusual about Truss is that she has gone for an almost polar opposite policy approach to her predecessor, and ostracised about 70% of the party, so yes it’s unusual. But thanks for explaining that we vote for a party (I know). The point is that when (eg) Major took over from Thatcher, or Brown took over from Blair, or May took over from Cameron, we didn’t actually see enormous U-turns on core areas of policy - and usually this kind of thing is the impetus for an election, so that the new PM can get a popular mandate for their policy prospectus. What has happened under Truss is truly bizarre. We haven’t seen such a sudden change of direction probably in most of our lifetimes. People point to the Barber budget in 1972, but Heath (PM) and Barber (Chancellor) had fought and won an election together in 1970. There was a mandate there for it, to some extent. As much as I think voting Tory is stupid, I don’t think any Tory voter in 2019 could have reasonably expected that something like this would happen. Bear in mind the MPs they elected wanted Sunak to replace Johnson. This is why party members shouldn’t pick leaders. 1 Link to comment Share on other sites More sharing options...
AshVilla Posted September 28, 2022 Share Posted September 28, 2022 The financial secretary to the Treasury has said the government will not take responsibility for the financial storm hitting the UK following the chancellor's mini-budget on Friday. I don't know who is more of a bullshitter this guy or Putin. Link to comment Share on other sites More sharing options...
lapal_fan Posted September 28, 2022 Share Posted September 28, 2022 The country is being run by someone who appears as though she'd be more suited to taking arm-outstretched-above-her-head selfies in a Wetherspoon's toilet, which she forgot to flush, so there's a massive floater she's unaware of. How? How did it come to this? 1 Link to comment Share on other sites More sharing options...
sidcow Posted September 28, 2022 VT Supporter Share Posted September 28, 2022 4 minutes ago, KentVillan said: You vote for a party and its manifesto. What is really unusual about Truss is that she has gone for an almost polar opposite policy approach to her predecessor, and ostracised about 70% of the party, so yes it’s unusual. But thanks for explaining that we vote for a party (I know). The point is that when (eg) Major took over from Thatcher, or Brown took over from Blair, or May took over from Cameron, we didn’t actually see enormous U-turns on core areas of policy - and usually this kind of thing is the impetus for an election, so that the new PM can get a popular mandate for their policy prospectus. What has happened under Truss is truly bizarre. We haven’t seen such a sudden change of direction probably in most of our lifetimes. People point to the Barber budget in 1972, but Heath (PM) and Barber (Chancellor) had fought and won an election together in 1970. There was a mandate there for it, to some extent. As much as I think voting Tory is stupid, I don’t think any Tory voter in 2019 could have reasonably expected that something like this would happen. Bear in mind the MPs they elected wanted Sunak to replace Johnson. This is why party members shouldn’t pick leaders. Let's be honest, one hell of a lot of people only voted Tory last time out because they wanted cuddly Boris to get their Brexit sorted. A lot of them probably gave little thought to what the rest of their policies would actually mean for them, and certainly wouldn't have voted for the shit show we now have. 2 Link to comment Share on other sites More sharing options...
The Fun Factory Posted September 28, 2022 Share Posted September 28, 2022 4 minutes ago, KentVillan said: You vote for a party and its manifesto. What is really unusual about Truss is that she has gone for an almost polar opposite policy approach to her predecessor, and ostracised about 70% of the party, so yes it’s unusual. But thanks for explaining that we vote for a party (I know). The point is that when (eg) Major took over from Thatcher, or Brown took over from Blair, or May took over from Cameron, we didn’t actually see enormous U-turns on core areas of policy - and usually this kind of thing is the impetus for an election, so that the new PM can get a popular mandate for their policy prospectus. What has happened under Truss is truly bizarre. We haven’t seen such a sudden change of direction probably in most of our lifetimes. People point to the Barber budget in 1972, but Heath (PM) and Barber (Chancellor) had fought and won an election together in 1970. There was a mandate there for it, to some extent. As much as I think voting Tory is stupid, I don’t think any Tory voter in 2019 could have reasonably expected that something like this would happen. Bear in mind the MPs they elected wanted Sunak to replace Johnson. This is why party members shouldn’t pick leaders. Yes in theory. But I bet than less than 1% of the population actually read any of the manifestos. It is personality led, presidential politics , grafted onto an ancient parliamentary system. The last election was framed as Johnson v Corbyn. 2 Link to comment Share on other sites More sharing options...
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