UK Politics

[steviewevie]

10 minutes ago, Neil said:

and bank of england acting too late on raising interest rates

🤔

[steviewevie]

I guess that's it for a May election.

[fraybentos1]

36 minutes ago, Neil said:

and bank of england acting too late on raising interest rates

Yep, if they'd got a grip on things sooner then inflation wouldn't have got so out of control. Also cause they were so reluctant to raise them then they will probs need to stay higher for longer unless the economy properly tanks

[fraybentos1]

1 hour ago, steviewevie said:

 

The UK genuinely peaked in like the 1800s and it's all been downhill since then with some brief periods of prosperity in between.

 

Labour have a gigantic task on their hands.

Japan and the UK are the 2 countries to enter recession today. They;'re even more f**ked than us though as their population is even older and they don't like immigrants.

[Neil]

1 hour ago, fraybentos1 said:

Yep, if they'd got a grip on things sooner then inflation wouldn't have got so out of control. Also cause they were so reluctant to raise them then they will probs need to stay higher for longer unless the economy properly tanks

i'd say that lizz truss can be blamed for this recession, economy was bubbling along in a normal good way, and then loads of stories of sky high mortgage rates, i know i stropped spending as much cos of it.

[Neil]

1 hour ago, fraybentos1 said:

The UK genuinely peaked in like the 1800s and it's all been downhill since then with some brief periods of prosperity in between.

it growth that creates the best prosperity, its downhill with economic  activity  and benefits once an economy reaches maturity.

 

 

1 hour ago, fraybentos1 said:

 

Labour have a gigantic task on their hands.

 

if they had money to fix the problems and properly fund public services that would create growth for people to feel prosperous.

 

1 hour ago, fraybentos1 said:

Japan and the UK are the 2 countries to enter recession today. They;'re even more f**ked than us though as their population is even older and they don't like immigrants.

jaoans been f**ked for 2+ decades, the uk for just one-ish.2 countries with high debts sucking public spending dry.

[fraybentos1]

23 minutes ago, Neil said:

i'd say that lizz truss can be blamed for this recession, economy was bubbling along in a normal good way, and then loads of stories of sky high mortgage rates, i know i stropped spending as much cos of it.

mortgage rates were heading up anyway she just sped it up. Interest rates were rising globally

[steviewevie]

[kaosmark2]

13 hours ago, Neil said:

they're not going to get a 23% swing, there's nothing to suggest that sort of serge 

 

/(, i don't think a new constituency can really count as a gain)

 

there's far fewer green posters around Bristol now than there was 10+ years ago (Londoners don't vote green, do they?????)

I mean, it's a changed constituency. But the shift to me doesn't actually read as "Labour to Green" it's the the posh bits just west of Clifton Suspension Bridge that would've voted Tory have gone from the old Bristol West constituency, and its added in more flats with ppl aged 18-35 in, that'll vote either Labour or Green.

[steviewevie]

 

[kaosmark2]

4 minutes ago, steviewevie said:

The transphobia row is probably less damaging to Sunak than the £1k bet would've been with more headlines. Sadly.

[Ozanne]

2 hours ago, Neil said:

and bank of england acting too late on raising interest rates

Well this is what the BoE wanted, they pushed interest rates up so this is partly on them too. They need to start looking at reducing rates to try to stimulate the economy.

[Ozanne]

This is truly disastrous. It’s also fascinating to see some in the media try to paint this as a ‘mild recession’ which they wouldn’t do at all if it was happening under Labour. 

[steviewevie]

Just now, Ozanne said:

This is truly disastrous. It’s also fascinating to see some in the media try to paint this as a ‘mild recession’ which they wouldn’t do at all if it was happening under Labour. 

saved by high numbers of immigrants.

[steviewevie]

 

[Ozanne]

1 minute ago, steviewevie said:

saved by high numbers of immigrants.

Goes against the Tory narrative. 

[Ozanne]

Another poll showing a decent Labour lead still. 

[steviewevie]

Just now, Ozanne said:

Another poll showing a decent Labour lead still. 

Reform the 3rd party now?

[Ozanne]

1 minute ago, steviewevie said:

Reform the 3rd party now?

Looks like it, the by-elections will show us if this is correct or not. 

[steviewevie]

 

[Ozanne]

 

[steviewevie]

21 minutes ago, steviewevie said:

 

Yougov deleted that tweet..which is interesting...

[SheffJeff]

Just now, steviewevie said:

Yougov deleted that tweet..which is interesting...

I think they f**ked up the first graph which contradicts the headline.

[fraybentos1]

33 minutes ago, Ozanne said:

Well this is what the BoE wanted, they pushed interest rates up so this is partly on them too. They need to start looking at reducing rates to try to stimulate the economy.

Not going to happen atm I'm afraid, inflation is still too much of a danger and wage growth still relatively strong. 

Also the near 0% rates did not really help the economy it just artificially pumped it a bit. Things have been a shambles since 2008.

[mattiloy]

37 minutes ago, steviewevie said:

saved by high numbers of immigrants.

You could also explain the negative growth in gdp per capita through the lens of high migration- ie new migrants generally generating less than than the previous average income, thus increasing the denominator by a greater magnitude than the numerator in the gdp/head sum.

Depends how you want to spin it.