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The Chronicles of Rishi
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Old 21-06-2023, 16:51   #721
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Re: The Chronicles of Rishi

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Originally Posted by 1andrew1 View Post
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!
Are you aware of the difference between the debt and the deficit?
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Old 21-06-2023, 16:56   #722
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Re: The Chronicles of Rishi

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Originally Posted by OLD BOY View Post
Are you aware of the difference between the debt and the deficit?
Irrelevant.

A debt level of 100% of GDP is highly problematic in its own right, and has implications for the way potential lenders perceive us as a risk as we seek to borrow more in future. Eliminating the deficit is of course a prerequisite for reducing the debt, however with the debt being so high to begin with, the pain induced by the measures required to reduce it may be significant.
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Old 21-06-2023, 17:18   #723
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Re: The Chronicles of Rishi

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Originally Posted by OLD BOY View Post
Are you aware of the difference between the debt and the deficit?
I love the way this is presented as if the Tories after a decade of austerity had an answer to either
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Old 21-06-2023, 18:25   #724
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Re: The Chronicles of Rishi

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Originally Posted by OLD BOY View Post
Are you aware of the difference between the debt and the deficit?
Yes but as Chris says, irrelevant.

Are you aware of the similarities? I'll save you the time - they're both high and increasing!
Quote:
In April 2023, the public sector current budget deficit (or borrowing to fund day-to-day activities) was £19.4 billion, £10.1 billion more than in April 2022. Over the same period, public sector net investment increased by £1.8 billion to £6.2 billion
https://www.ons.gov.uk/economy/gover...36.2%20billion.

Is that doubling of the budget deficit what you mean by "under control"?
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Old 21-06-2023, 18:46   #725
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Re: The Chronicles of Rishi

Peston laying it all out: real wages falling and need to fall even more! Unemployment needs to go up.

We can’t have the metropolitan elites having to downsize and the property bubble burst can we.
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Old 21-06-2023, 22:33   #726
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Re: The Chronicles of Rishi

I wonder if they'll hike rates by .25% or .5% tomorrow? They might feel like they need to do something drastic.
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Old 21-06-2023, 23:56   #727
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Re: The Chronicles of Rishi

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Originally Posted by Damien View Post
I wonder if they'll hike rates by .25% or .5% tomorrow? They might feel like they need to do something drastic.
Rumours are of a modest 0.25% tomorrow with the strong likelihood of a larger rise in August.

Last edited by 1andrew1; 22-06-2023 at 00:01.
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Old 22-06-2023, 11:18   #728
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Re: The Chronicles of Rishi

They should just go full Bhuna 1%. If they are going to crash the system might as well get it over with. It’s already priced into mortgages anyway.
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Old 24-06-2023, 11:28   #729
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Re: The Chronicles of Rishi

Quote:
Westminster voting intention:

LAB: 47% (+4)
CON: 22% (-2)
LDEM: 11% (-)
GRN: 8% (-)
REF: 7% (-)

via
@YouGov
, 20 - 21 Jun
This is starting to get quite funny.

22% of people need certifying though. Where would we put them all? Rwanda?
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Old 24-06-2023, 13:00   #730
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Re: The Chronicles of Rishi

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This is starting to get quite funny.
Unlike you. Grow up.
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Old 24-06-2023, 20:41   #731
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Re: The Chronicles of Rishi

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Unlike you. Grow up.

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Old 28-06-2023, 11:25   #732
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Re: The Chronicles of Rishi

The lies about 'levelling up' and brexit have finally taken their toll...

https://www.telegraph.co.uk/politics...e/#16879419629
Quote:
Labour has extended its poll lead over the Tories in crucial Red Wall seats to 27 points in a blow to Rishi Sunak’s hopes of repeating the Conservative Party’s 2019 general election success.

A survey conducted by Redfield & Wilton Strategies on June 25 puts Labour on 53 per cent of the vote in the Red Wall with the Tories on 26 per cent.

Labour support was up by three points when compared to the previous poll conducted on June 11 while the Tories were down by two points. It is Labour’s biggest lead in the seats since February 19 when it stood at 28 per cent.

Redfield & Wilton Strategies said that the Labour lead would be “enough to win back ALL 40 of these seats” at the next general election.
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Old 28-06-2023, 11:47   #733
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Re: The Chronicles of Rishi

Still 18 months to go until the General Election. Donít give yourself a heart attack with all that excitement.
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Old 28-06-2023, 12:04   #734
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Re: The Chronicles of Rishi

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Originally Posted by OLD BOY View Post
Still 18 months to go until the General Election. Donít give yourself a heart attack with all that excitement.


18 months with all the money spaffed up the wall. I canít wait to hear what plans they have to turn it round. CCHQ give you any intel or just lines to parrot?
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Old 28-06-2023, 12:24   #735
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Re: The Chronicles of Rishi

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18 months with all the money spaffed up the wall. I can’t wait to hear what plans they have to turn it round. CCHQ give you any intel or just lines to parrot?
Old Boy knows that whilst Starmer is dreaming of No 10, the current incumbent PM is dreaming of somewhere else.

https://www.youtube.com/watch?v=N-aK6JnyFmk
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