FOUR Tory MPs have thrown in the towel

[OLD BOY]

Originally Posted by Sephiroth

Only in part. He got skewered by Kuenssberg when he avoided directly answering what help the Guvmin to could provide to people who faced losing their homes. She pointed out that the Guvmin did furlough and energy bills relief so what would they do for this crisis? Best that Gove could offer was their plan to get inflation down.

It seems that the increased interest rate also affects Guvmin repayments on its borrowing such that there is no money. We're broke.

Actually, no. He said they were monitoring it and he reminded us of what the government has done previously when circumstances showed it was needed (furlough, energy support, etc) and he said it was for the Chancellor to decide if and when that was necessary.

Getting inflation down will reduce mortgages, so it was entirely relevant to say that.

Things are difficult, yes, but we ain’t broke yet.

---------- Post added at 14:24 ---------- Previous post was at 14:23 ----------

Originally Posted by jfman

They’ll act once it looks like house prices will collapse. That’s when the whole Ponzi scheme goes so the kitchen sink will go into saving it.

Capitalism is a good idea until you run out of future generations money.

You could say that about socialism, and it would be more relevant.

[jfman]

Originally Posted by OLD BOY

Actually, no. He said they were monitoring it and he reminded us of what the government has done previously when circumstances showed it was needed (furlough, energy support, etc) and he said it was for the Chancellor to decide if and when that was necessary.

Getting inflation down will reduce mortgages, so it was entirely relevant to say that.

Things are difficult, yes, but we ain’t broke yet.

2 trillion+ of debt, runaway inflation and economic stagnation. At what point would you concede the country is broke?

You could say that about socialism, and it would be more relevant.

Nice clutch at a straw. We’ve privatised all the profits from public services into windfalls. 40 year mortgages are bringing future earnings into the present. One off windfalls entirely created by spreadsheets and loosening of banking rules rather than increased wealth in the here and now.

Time to pay up everyone. We’ve run out of mugs to keep the pyramid scheme going.

It should nicely leave the Tories out of power for a good 10-15 years tho. It was meant to be benefit claimants and immigrants that got told tough, not working people mortgaged up to their eyeballs having the rug pulled from under them by economic incompetence. A nice wee drop in house prices to boot will see the more tears as unearned inheritances fall.

If the last 18 months have been a good laugh I can’t wait for the next 18.

[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.

We’re not done yet, not by a long chalk.

[jfman]

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.

We’re not done yet, not by a long chalk.

In what way is a deficit of £137bn in a financial year "under control"?

You really are just a tiresome trope of soundbites from CCHQ.

[1andrew1]

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.

We’re not done yet, not by a long chalk.

Our standard of living is worse than it was in 2009 as is our debt and inflation. The Conservative reputation for running sound finances has been shot to bits with Cameron's lost austerity years, Johnson's inadequate Brexit deal, May's inactions and Truss's failed tax cut gamble.

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.

We’re not done yet, not by a long chalk.

[jfman]

Originally Posted by 1andrew1

Our standard of living is worse than it was in 2009 as is our debt and inflation. The Conservative reputation for running sound finances has been shot to bits with Cameron's lost austerity years, Johnson's inadequate Brexit deal and May's failed tax cut gamble.

You forgot Truss

[denphone]

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.

We’re not done yet, not by a long chalk.

As ever your ad nauseam imaginary unrealistic posts knows no bounds.

[jfman]

The thing is 2010 had some things going for it fiscally. Or at least low hanging fruit to have an ideological attack against.

State pension age was already rising for women from 60 to 65, then men got lumped in to 67. Obvious attacks on benefit claimants through stricter ESA, and the introduction of PIP. The bedroom tax.

Nowt of that left it’s time to take the tough decisions and tell people it’s a pyramid scheme and they’re the lucky losers carrying the can.

Originally Posted by denphone

As ever your ad nauseam imaginary unrealistic posts knows no bounds.

[1andrew1]

Originally Posted by jfman

You forgot Truss

Corrected. So many PMs in so little time!

[OLD BOY]

Originally Posted by denphone

As ever your ad nauseam imaginary unrealistic posts knows no bounds.

Yeah, yeah. Remind me of my outrageous comments when the IMF gets involved.

Originally Posted by OLD BOY

Yeah, yeah. Remind me of my outrageous comments when the IMF gets involved.

"Honestly, I’m not so desperate I have to refer to something that happened 47 years ago…"

(Which involved a £4 billion loan, as compared to Liz Truss losing the U.K. economy £30 billion last year…).

[Pierre]

Originally Posted by 1andrew1

Our standard of living is worse than it was in 2009.

Mine isn’t.

[jfman]

Originally Posted by Pierre

Mine isn’t.

Neither is Baroness Mone's or Matt Hancock's old landlords. But these aren't necessarily representative.

It's so bad here even well established politicians, having held high offices such as Foreign Secretary and Prime Minister's have to borrow money from their mates to get by.