Should we trust Sunak or the next PM to fix the Country's problems? (title revised 24/10/22)

[tobyjugg2]

Probably is the only answer to that I think

 

Start:

 

When you think the UK economy was struggling to recover from the financial crash due to policies of protecting those that caused it and very limited safeguards imposed

 

Then a decade of Tory austerity, which enriched the rich while further running down UK manufacturing and selling the UK's assets for sod all

 

Then throwing up barriers with our largest markets via Johnson and the ERGs Brexit lies and choices

 

Then the pandemic, which was 'addressed' by throwing billions of taxpayer money at VIPals for SFA

 

Then the Ukraine invasion (some good for Ukraine from the UK as the UK gave them ca fair few portable missile systems which were about to go out of date - so cost the UK little and justified re-arming costs) - BUT the energy crisis that followed was ADDED to by the UK Gov supporting obscene excess profiteering by the energy companies

 

Then Truss' ... Tsunami of taxpayer debt funded benefits up, maybe something other than costs will trickle down, rather than into UK tax havens.

- markets decided that this is just another bad debt tosspot over filling their credit cards to pay for a party for their pals

 

Now back to Start:

Edited November 1, 2022 by tobyjugg2

[honeybee13]

There's a rumour that Braverman - and possibly Patel before her - wouldn't sign off hotels for asylum-seekers in Tory constituencies.

 

Suella Braverman 'refused hotel bookings for migrants because they were in Tory areas'

WWW.LBC.CO.UK

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The Home Secretary allegedly refused to sign off on hotel bookings for migrants, which would have eased pressure on the Manston processing...

 

[tobyjugg2]

and that Salmonella braverman is 'misleading parliament' with her statements

- although given the time taken with the Johnson misleading parliament investigation - despite evidence from his own gob all over the world for years  .. it will be be bravermans descendants many times removed that will not give a damn about  the result

 

Adding to the financial collapse likelyhood, we should not forget that the UK financial markets have no equivalence with the EU markets, and wont while the poopcons continue with their 'international agreements aint worth doodoo from us approach ...

and the doddgy traders are moving to the US (where they only have to abide by US law) or hong kong, where ....

Most of the legit EU traders, and the legit bits of many dodgy ones moved to the EU a couple years ago as documented here at the time.

 

[tobyjugg2]

and ... more shame on the BBC as quality EX BBC journalists expose what the BBC fails to (I VERY rarely watch BBC news now)

 

 

Edited November 1, 2022 by tobyjugg2

[theoldrouge]

“Nevertheless, the fact is — to use the phrase beloved of Brexit's most implacable opponents — since the vote to leave and up until the end of the second quarter of this year, data from the authoritative Organisation for Economic Cooperation and Development (OECD) show that the cumulative growth rate of real GDP in Italy was 4 per cent, in Germany 5.5 per cent, in the UK 6.8 per cent, and in France 7.6 per cent.

But, again, you won't find any reference to those figures — real ones, not assumptions based on theoretical models — in the BBC's supposedly definitive report.

 

Yes, the UK does have its economic problems, which have been apparent not just since 2016, but for far longer. They concern productivity, as much as anything. It's true that Brexit in itself doesn't address that: but nor would returning to the rules of the European Union.

 

Sadly, however, blaming everything on Brexit is what gets some people up in the morning “

 

https://www.dailymail.co.uk/debate/article-11371989/DOMINIC-LAWSON-Britains-economic-problems-little-Brexit.html

 

[tobyjugg2]

The OBR and IFS disagree and quite clearly point their finger at Brexit, as do UK farms and businesses

... as do the markets

 

OF course, it isnt all purely 'brexit' - as we agree much of it is the right wing ****** version of Brexit with even that incompetently mismanaged by incompetent Johnson

 

and even the 'in-thrall' BBC reporting the OBR projections - and where this report has proven oh so predictive

 

Impact of Brexit on economy 'worse than Covid'

WWW.BBC.COM

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The boss of the UK's forecaster says Brexit will be worse for the economy than Covid.

 

 

[theoldrouge]

Pertinent daily commentary from a trading desk

 

Eurozone Inflation Surges Amid Risk-Averse Start To Week

It’s been a while since I’ve had a moan about ECB President Lagarde, but I must this morning.    Lagarde appeared on Irish television over the weekend, pontificating about ECB policy and the economic situation on The Late Late Show – not the programme’s usual fare, I understand. Anyway, Lagarde delivered perhaps the most shockingly naïve and ridiculous line that I’ve heard from a central banker for some time, stating that inflation had “pretty much come about from nowhere”.    Nowhere? The ECB’s decade of negative rates clearly had nothing to do with it. Nor did the same decade of near-infinite money printing. Nor, obviously, did Lagarde’s insistence for much of the pandemic that inflation was “largely transitory”, leaving the ECB further and further behind the curve.      Anyway, the data on inflation is irrefutable, and the eurozone has a whopping great problem with it right now. ‘Flash’ CPI rose by 10.7% YoY in October, well above economists’ expectations, and 0.7pp higher than a month prior. Core inflation looks no better, surging 5.0% YoY, also a record increase.

[honeybee13]

Changing the subject, Door Matt Hancock has signed up for I'm a Celebrity. He's been suspended from the party, as was Mad Nads before him. 

 

His constituency party doesn't agree with him doing this, unsurprisingly. 

[tobyjugg2]

Paid as an MP and sods off on a soap

.. Strange the populists are bothered about Mp's  being paid by others and simply not doing their Mp job as they dont seem to be bothered when they take taxpayers money as pay while they are voting and lobbying for others who pay them.

 

Kick out every single one who is paid by anyone other than an MP's salary, or give them a choice - donate all the earnings other than from being an MP to an approved charity or you are out.

[tobyjugg2]

Some interesting figures I've been seeing,

 

With the projected black hole if the UK's finances that the fiscally incompetent poopulists have created estimated around 40 billion or so, (its very grey and will undoubtedly be massaged) (excluding all the other debt)

and debt being expensive ..

 

It looks like:

If the UK simply raised the windfall tax on energy companies to the Norwegian level,

and blocked off Sunaks tax wheeze for the energy companies to not only charge record prices for even less oil and gas they normally ship, but also get billions in taxpayer money to fund otherwise loss making antics they wouldn't touch ...

 

That would fill around 30-35 billion of that hole .. without anything else at all ...

Edited November 1, 2022 by tobyjugg2

[tobyjugg2]

No doubt though that even if they do in anything other than a token way, , they will still 'freeze income tax relief and benefit levels and cut NHS and teacher funding and cull their pay some more in real terms

- because thats the sort of **** they are.

 

Edited November 1, 2022 by tobyjugg2

[tobyjugg2]

 

[honeybee13]

The United Nations’ poverty envoy has warned Rishi Sunak that unleashing a new wave of austerity in this month’s budget could violate the UK’s international human rights obligations and increase hunger and malnutrition.

 

UN poverty envoy tells Britain this is ‘worst time’ for more austerity | Poverty | The Guardian

WWW.THEGUARDIAN.COM

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Exclusive: Olivier de Schutter says cuts could violate human rights laws, calling instead for higher taxes on rich

 

[honeybee13]

And more from Larry Elliott in the Guardian.

 

The UK economy is about to be thrown into a black hole – by its own government | Larry Elliott | The Guardian

WWW.THEGUARDIAN.COM

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It fits the definition of madness to propose more austerity. But that, along with higher interest rates, is what’s coming, says Guardian economics...

 

[tobyjugg2]

So he has no mandate - having thrown so many of the pledges that gave it out of the window

 

Rishi Sunak to ditch key Tory leadership campaign pledges | Rishi Sunak | The Guardian

WWW.THEGUARDIAN.COM

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PM likely to abandon promises on immigration, greenbelt protection and charging patients for missing GP appointments

 

[honeybee13]

So HMG is reducing numbers at Manston, possibly to try and limit the amount of compensation taxpayers will have to pay people who were kept there longer than was legal.

 

They took some of them to central London and abandoned them around 11pm on Saturday with no winter clothing, food or money.

 

Home Office leaves asylum seekers from Manston stranded in central London | Home Office | The Guardian

WWW.THEGUARDIAN.COM

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Exclusive: People who had been held at Kent centre left ‘stressed and disoriented’ at Victoria station for hours, some in flip-flops

 

[tobyjugg2]

14 hours ago, honeybee13 said:

And more from Larry Elliott in the Guardian.

 

The UK economy is about to be thrown into a black hole – by its own government | Larry Elliott | The Guardian

WWW.THEGUARDIAN.COM

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It fits the definition of madness to propose more austerity. But that, along with higher interest rates, is what’s coming, says Guardian economics...

 

 

This is an excellent article, which doesn't try to avoid the contradictions in monetary policy

eg

Raise interest rates to curb inflationary spending ..

but who does it hit hardest?

Those with debt and no money to spend other than on essentials (including businesses)

- admittedly there are some who just spend money they haven't got anyway or take out covid loans to buy holidays and range rovers - and then declare themselves bankrupt - but nothing will stop those few

 

But thats the tools they have - something else would require changes to government policies.

 

 

@brassnecked

If you want to rail about conspiracy .. heres one of the real ones

Being paid to advise the populist guv while being paid to lobby the populist guv on those issues by populist guv doners inc energy companies

 

Lynton Crosby firm lobbied ministers while advising Boris Johnson | Lynton Crosby | The Guardian

WWW.THEGUARDIAN.COM

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Exclusive: CT Group’s activities on behalf of energy, tobacco and property firms raise questions over potential conflict of interest

 

 

Edited November 3, 2022 by tobyjugg2

[tobyjugg2]

Jeremy Hunt, is preparing an autumn statement on 17 November that will raise taxes and cut public spending. He has already told voters to brace themselves for decisions of “eye-watering” difficulty. Hunt’s message is that Britain has been living beyond its means, and that a new era of austerity is needed to fill the black hole in the state’s finances. Or, to put it another way, we’ve been naughty and deserve to be punished.

 

So during austerity v1 - caused by the financial crash - which itself was caused by financiers cheating for profit,

Britain, was wallowing in spending on luxuries we couldn't afford ... Hunt/Sunak seem to be claiming

 

 - so wheres the 100's of Billions in millions of personal overdrafts and personal loans then? and who has the ones that are there?

 

Its the UK's finances that have been squandered, by the UK government, on VIPals, Didos follies, Duff PPE and enriching the Tory elite including nondescript Tory MPs with quarter miillion pounds a year expense claims along with their lobby pals.

 

 

 

Edited November 3, 2022 by tobyjugg2

[honeybee13]

Well done the Guardian for outing Crosby's conflict of interest. Government seems to be rife with it and too much is undeclared.

[brassnecked]

Crosby is worthy of investigation, Unknown Lobbyists are as big issue in Wales Drakefords lot are avoiding a register of Lobbyists and interests in the Senedd.

[tobyjugg2]

and here

 

Standards committee: Hello old chap. we've had a bit of a whiff of some claims against you. Anything to them?

Populist mp/peer:  I am entirely innocent

Standards committee: Top show. Happy days. Case closed nothing untoward found

 

a year later

Standards committee: Hello old chap. Sorry to bring this up again, but it would seem some leftie paper has managed to get some actual evidence of you lobbying payments.

Populist mp/peer: I am entirely innocent. They were 'high level contacts' not lobbyists

Standards committee:  Err yes, we know - its you thats the paid lobbyist, but tell you what old chap, you got at least 18 months @ £3000 a month that they know about - thats £54,000 in your pocket. We'll fine you say a bit over  £2k (less than a month) and call the matter closed and shut the door on any issues with other months of payments you got.

Populist mp/peer : Thats a bit excessive, but OK - I'll book it as lunches or heating expenses

 

Tory peer apparently misled watchdog investigating his alleged misconduct | House of Lords | The Guardian

WWW.THEGUARDIAN.COM

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House of Lords watchdog has been examining Earl of Shrewsbury over his work for healthcare firm

 

Edited November 3, 2022 by tobyjugg2

[honeybee13]

From the Foreign Minister of Belize.

 

 

[honeybee13]

Figures from the BBC on numbers of asylum seekers relative to the population of European countries.

 

 

[tobyjugg2]

the ridiculous FACTS of the situation are that as a member of the EU we could send back migrants who weren't gainfully employed for all the Brexhiters claimed otherwise

More Brexit lies coming back to bite them on the backside

 

I see that hs2 is likely to be cut back to the bare minimum that enables the rich to ride in comfort (probably MPs and VIPals at taxpayer expense), and the nuclear power plant that the populists were touting as the solution to the UK power issues at astronomical cost to the UK people and 10-20 years in the future .. if there is one.

[honeybee13]

You're right, the government never mention the Dublin Convention, do they? I suppose they can't - keeping it or replacing it could have solved all the problems over migration.