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Raising interest rates will crash the economy. People are already struggling to pay the basics. It'll put lots of small businesses out of business.

Core inflation is up from 6.8 to 7.1% The highest since March 1992.

Services annual rate of inflation is up from 6.9 to 7.4%, which has an impact on mortgages and other debts.

Bank of England are expected to carry on with interest rises, which will have no impact as this is supply driven inflation, not demand driven. Rumours are a 0.5% increase. There's no communication at all between the BoE and the government.

Its running out of control.

meanwhile UK debt is more than 100% of GDP for the first time since 1961. And the Treasury had to borrow £20 billion last month just to pay its bills.



UK debt exceeds 100% of GDP for first time since 1961 - ONS

The UK's debt pile reached more than 100% of economic output for the first time since 1961 as government borrowing more than doubled in May, official figures show.

The Office for National Statistics (ONS) says net debt reached £2.6 trillion as of the end of May, estimated at 100.1% of gross domestic product (GDP).

Government borrowing soared to £20 billion in May, pushed higher by the cost of energy support schemes. May's borrowing figure was £10.7 billion higher than a year ago and the second-highest May borrowing since monthly records began in 1993.

Economists had predicted borrowing of £19.5 billion for May.

And another one

https://www.politico.eu/article/uk-seni ... ung-women/

"there's no money for pay rises"

I didn't think Starmer is popular North of the border

Kwacky wrote: ↑23 Jul 2023, 09:41 I didn't think Starmer is popular North of the border

20230723_094621.jpg

I suspect there is an element of fear from Nationalists in Scotland after all the bad press the SNP have had.

"Comes with free fence to sit on"

He's supposed to be the leader of the LABOUR Party, the ****ing LABOUR Party!!! You know, the one that the Unions founded to represent the working people in parliament.

........ he's literally a paid-up member of the Trilateral Commission!

Another rise from the Bank of England.

In the meantime banks are recording record profits

You know how they say "we can learn a lot about how to resolve our problems by looking at history".:


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Government - 'wages need to be kept under control to halt inflation'

Bosses of biggest companies - '**** that' https://www.bbc.co.uk/news/business-66574218

Ben Wallace has resigned.

Possible cabinet reshuffle incoming.

Grant Shapps as the new defence secretary

I sincerely hope we don't have a war!

Meanwhile over 100 UK schools having to close buildings as they are unsafe. Seems like we are returning to the Victorian times the Brexiteers always wanted.

duke63 wrote: ↑31 Aug 2023, 19:21
Meanwhile over 100 UK schools having to close buildings as they are unsafe. Seems like we are returning to the Victorian times the Brexiteers always wanted.

They have been monitoring the RAAC concrete situation since 2018, what an utter f,,,, up would wait until now to drop that on the schools ? -Incompetent doesn't even get close to these twunts..

StMarks wrote: ↑01 Sep 2023, 08:37

duke63 wrote: ↑31 Aug 2023, 19:21
Meanwhile over 100 UK schools having to close buildings as they are unsafe. Seems like we are returning to the Victorian times the Brexiteers always wanted.

They have been monitoring the RAAC concrete situation since 2018, what an utter f,,,, up would wait until now to drop that on the schools ? -Incompetent doesn't even get close to these twunts..

Funny how these issues are now coming to light as many PFI contracts come to their end. I wonder who will pay for the mess?? Oh yes you and me whilst those who made millions from PFI have it safely stashed in an offshore tax haven.

The scale of this buildings crisis! I wonder if it’s so big it might bring the Governmrnt down.

Some schools saying they cannot open next week.

duke63 wrote: ↑01 Sep 2023, 20:21 The scale of this buildings crisis! I wonder if it’s so big it might bring the Governmrnt down.

Some schools saying they cannot open next week.

Perhaps it will illustrate the poor funding decisions that have blighted our public services, to the masses who seem to be blinkered.
The result of ^ that awakening to the reality of the problem, may well lead to the current incumbent loosing power.
However imho it will take more than a change of colour holding the reins to put the UK back on track..

StMarks wrote: Perhaps it will illustrate the poor funding decisions that have blighted our public services, to the masses who seem to be blinkered.

If COVID didn't manage to shift those blinkers I doubt this will.

StMarks wrote: The result of ^ that awakening to the reality of the problem, may well lead to the current incumbent loosing power.
However imho it will take more than a change of colour holding the reins to put the UK back on track..

And I agree to the last sentence.

I call smoke and mirrors.. what are they trying to distract us from this time?


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duke63 wrote: ↑01 Sep 2023, 08:52

StMarks wrote: ↑01 Sep 2023, 08:37

duke63 wrote: ↑31 Aug 2023, 19:21
Meanwhile over 100 UK schools having to close buildings as they are unsafe. Seems like we are returning to the Victorian times the Brexiteers always wanted.

They have been monitoring the RAAC concrete situation since 2018, what an utter f,,,, up would wait until now to drop that on the schools ? -Incompetent doesn't even get close to these twunts..

Funny how these issues are now coming to light as many PFI contracts come to their end. I wonder who will pay for the mess?? Oh yes you and me whilst those who made millions from PFI have it safely stashed in an offshore tax haven.

No doubt they'll just blame the last Labour government for implementing John Major's economic policies. And for once they might be right, what kind of stupid would use financial mechanisms like PFI when the borrowing cost was so low?