The Chronicles of Rishi

[ianch99]

Originally Posted by 1andrew1

A free trade deal wth the US?

Yes but the trade is only one way and it is just for him and his family

[1andrew1]

Originally Posted by ianch99

Yes but the trade is only one way and it is just for him and his family

Indeed, an FOM deal for his family after the next election. As a financier, he knows about hedging his bets.

[Sephiroth]

Originally Posted by ianch99

Yes but the trade is only one way and it is just for him and his family

I wish you could be more factual than prejudicial.

[ianch99]

Originally Posted by Sephiroth

I wish you could be more factual than prejudicial.

Not quite sure what you mean here. He had/has a Green card and was/is clearly planning to move to the US when he can. This clearly demonstrates his commitment to this country and its citizens. He really doesn't give a toss about the UK.

[Sephiroth]

There are a lot of people who would agree with Ian that Rishi’s commitment to the UK is in doubt. Personally, I don’t accept that fear. True, he has a potential bolt hole or two if things go wrong for him. Nor do I believe that he went for PM twice other than the normal reason for wanting the job. My problem is with the incompetence with which they have governed us. Your problem with him/them should be the same rather than expressing your anger in the bitter terms that you used.

[1andrew1]

Originally Posted by Sephiroth

There are a lot of people who would agree with Ian that Rishi’s commitment to the UK is in doubt. Personally, I don’t accept that fear. True, he has a potential bolt hole or two if things go wrong for him. Nor do I believe that he went for PM twice other than the normal reason for wanting the job. My problem is with the incompetence with which they have governed us. Your problem with him/them should be the same rather than expressing your anger in the bitter terms that you used.

One large piece of evidence supports Ian. Sunak donated $3m to a US college, not a British one. However, it was 2018 so he might have changed his mind on a future relocation. His Party is unlikely to win the next election so will he be comfortable sitting on the Opposition benches?

In terms of competence, Sunak is the most competent PM we've had for some time - head and shoulders above May and Johnson.

[jfman]

Originally Posted by 1andrew1

One large piece of evidence supports Ian. Sunak donated $3m to a US college, not a British one. However, it was 2018 so he might have changed his mind on a future relocation. His Party is unlikely to win the next election so will he be comfortable sitting on the Opposition benches?

In terms of competence, Sunak is the most competent PM we've had for some time - head and shoulders above May and Johnson.

I’m not sure he’s more competent than May, someone who was dealt a hand like a foot in poker parlance.

However his loyalties are clearly in doubt. On a personal level and the family business.

Theresa May spoke off the country she loved in her farewell speech. She’s not a liar or a crook. She just didn’t have the loyalty of the most despicable, spineless cretins who have ever assembled to represent the Conservative Party!

[Sephiroth]

Originally Posted by jfman

I’m not sure he’s more competent than May, someone who was dealt a hand like a foot in poker parlance.

However his loyalties are clearly in doubt. On a personal level and the family business.

Theresa May spoke off the country she loved in her farewell speech. She’s not a liar or a crook. She just didn’t have the loyalty of the most despicable, spineless cretins who have ever assembled to represent the Conservative Party!

Hence my "sanctimonious toads" remark in the Boris thread.

[1andrew1]

Originally Posted by jfman

I’m not sure he’s more competent than May, someone who was dealt a hand like a foot in poker parlance.

However his loyalties are clearly in doubt. On a personal level and the family business.

Theresa May spoke off the country she loved in her farewell speech. She’s not a liar or a crook. She just didn’t have the loyalty of the most despicable, spineless cretins who have ever assembled to represent the Conservative Party!

I think the Bank of England would have a strong view on her competence v Sunak's given they had to save the economy after the disastrous mini budget. But I agree she's not a liar or crook and probably had better intentions than many of her peers.

[1andrew1]

It was only a few days ago one of the forum's members was preaching to us on how well the economy was performing. Today's news will put Sunak under more pressure and won't endear the government to mortgage holders.

I'm pleased we're not in a recession but I hope for that member's sanity he does not see today's news:

Another of Prime Minister Rishi Sunak's five key priorities for 2023 is in doubt as national debt reached 100% of GDP.

The third of the government's five targets is to reduce the national debt but official figures from the Office for National Statistics (ONS) showed it increased in May to the highest in more than 60 years.

Public sector debt topped £2,567.2bn at the end of May, equivalent to 100.1% of GDP.

GDP - or gross domestic product - is a key metric of economic output, tracking everything produced in an economy. The ONS said the 100% of GDP statistic should be treated as "highly provisional and likely to be revised" as it relies on GDP estimates from the independent finance analysts, the Office of Budget Responsibility.

https://news.sky.com/story/another-s...-high-12906709

The rate of price rises has remained at 8.7% despite expectations of a fall, according to official figures.

The Office for National Statistics (ONS) announced the consumer price index measure of inflation stood at 8.7% in the year up to May, the same as the rate in April.

A slight decrease, to 8.4%, had been expected by economists. It puts the government's pledge to halve inflation this year in doubt.

https://news.sky.com/story/no-decrea...t-8-7-12906181

[jfman]

Debt at 101% of GDP. Turns out there is a magic money tree if you are a bank, a big 6 energy firm, Baroness Mone or Matt Hancock’s pub landlord.

Interest rates going up further is going to be brutal. Anyone on a variable rate or whose fixed term is expiring this or next are going to be hit hard.

[jfman]

The good news is capitalism has the answer. Force a recession to shift the burden onto the poorest and those in the most precarious work.

The game is up.

[1andrew1]

I think debt levels reaching 100% of GDP, high inflation stuck at 8.7% and mortgage rates exceeding 6% show we are nowhere near being in a better place than in 2009!

Originally Posted by OLD BOY

Despite all your prophesies of doom, jfman, the City has regained its confidence in us and we are in a better place than in 2009. Our debt level is high, but the deficit is now under control.

[jfman]

Originally Posted by 1andrew1

I think debt levels reaching 100% of GDP, high inflation stuck at 8.7% and mortgage rates exceeding 6% show we are nowhere near being in a better place than in 2009!

Indeed dropping interest rates was a weapon to stimulate the economy and finance the bank bailouts. No such silver bullet here.