Brighton Sky Blue
Well-Known Member
Good to see Hoyle telling off an MP for calling a corrupt person corrupt
Do you want to discuss boring politics? (160 Viewers)
- Thread starter mrtrench
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skybluetony176
Well-Known Member
You’re going to have to tell us who or we’re going to be throwing names out all afternoon.
chiefdave
Well-Known Member
If we'd had years of investment in energy wouldn't we now be in a position where were we using renewables and not reliant on gas and therefore not be impacted by the current situation? What assurance is there that not taxing them will mean investment and not huge dividends?
skybluetony176
Well-Known Member
Looks like we’re getting some new manager bounce. BOE confirms that interest rates are going to rise of the back of Truss’s plans for dealing with the energy crisis and the pound has just dropped to it’s lowest level since 1985 so expect petrol prices to rise again as well as anything else traded in USD, so basically everything.
Just to add the Maggie tribute act continues. Maggie was PM the last time the pound had so little value.
Just to add the Maggie tribute act continues. Maggie was PM the last time the pound had so little value.
Brighton Sky Blue
Well-Known Member
One of the SNP MPs referred to Truss’ ‘corrupt predecessor’ and was told to retract it
SkyBlueCharlie9
Well-Known Member
Truss's solution.... stop investment in green energy, invest in more oil and gas and build nuclear power stations (with radioactive waste that takes approx. 250K years to become safe! ) The 2050 emissions targets are doomed. If only we (Coventry and UK) would have invested properly in research into renewable energy wind, wave, solar geothermal, hydrogen power in 1990 when I studied it at university and which was widely proposed then in research/education sector as a key UK vision to use the skills of the declining car industry. We would have been well on the way to be clean and self reliant by now and have loads of people in skilled engineering and manufacturing. Cant solely blame the Tory's for that though - albeit they were in charge for 60% (19yrs) of those 32 years!
This country (and primarily the Tory & Unionist Party) has no vision and just slavishly pandering to big business, deregulation, and investment bankers tax off shore tax loopholes; ignoring generations of families trapped in poverty; and undervaluing public sector (NHS, Schools, Council's, BBC, Legal Aid, Welfare State, etc etc etc). Time for a change in how this country operates. Capitalism is clearly not the best or only solution.
This country (and primarily the Tory & Unionist Party) has no vision and just slavishly pandering to big business, deregulation, and investment bankers tax off shore tax loopholes; ignoring generations of families trapped in poverty; and undervaluing public sector (NHS, Schools, Council's, BBC, Legal Aid, Welfare State, etc etc etc). Time for a change in how this country operates. Capitalism is clearly not the best or only solution.
Rates were rising anyway Tony. We can debate mechanisms of clawing back some of the assistance from energy companies via windfall tax, however, we all wanted/expected a freeze. It’s the right decision. As this ultimately puts cash back in peoples pockets (that they wouldn’t have had without cap) it gives BoE more freedom/ability to raise rates
Even with without a cap they have to raise rates to try to protect the currency as the yanks are increasing rates aggressively which is forcing us and EU to follow suit, even though we’re both raising into greater weakness.
Either way most currencies will keep getting smashed until US stops raising rates. The annoying thing is a decent amount of their inflation was driven by the Covid cheques they sent out which increased demand, combined with Covid supply constraints. Ours/EUs is nearly all directly/indirectly energy related due to war.
skybluetony176
Well-Known Member
They are but the BOE has specifically said that Truss’ “plan” is going to drive them directly as supports the growth of inflation.
Just let that sink in for a second. In light of all the evidence she’s made the deliberate political decision to take a course of action that is going to drive inflation and drive inflation. It’s mental.
skybluetony176
Well-Known Member
I see they’ve given up looking for the brexit opportunities. The minister for brexit opportunities position has been dropped. Shame really, we need those sunlit upland of no downside only considerable upside opportunities now more than ever. I’m starting to brexit was a lie.
Brighton Sky Blue
Well-Known Member
In a meta kind of way the ministerial position was an opportunity for someone. Maybe that was the lesson
shmmeee
Well-Known Member
Brexit? Completed it mate.
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Deleted member 5849
Guest
A small aside about Therese Coffey, and also profile. It seems it's not her bigging up an Oxford link, and she clearly is quite academically bright... but everyone else wants to draw attention to it, and glide over the fact she never actually graduated from there!
www.theguardian.com
Thérèse Coffey had to leave Oxford University – but made it to deputy PM
Liz Truss’s No 2 followed in Thatcher’s educational footsteps, studying chemistry at Somerville, but did not pass her exams
duffer
Well-Known Member
Fair play to Truss, this is next level trolling. Perhaps she'll bring back Jeffrey Archer and put him in charge of the Ministry of Justice.
stupot07
Well-Known Member
I saw that yesterday. I mean even Boris managed to get a Desmond from Oxford and we all know what a lazy fuck he is, the fact she was asked to leave university after second year speaks volumes.A small aside about Therese Coffey, and also profile. It seems it's not her bigging up an Oxford link, and she clearly is quite academically bright... but everyone else wants to draw attention to it, and glide over the fact she never actually graduated from there!
Thérèse Coffey had to leave Oxford University – but made it to deputy PM
Liz Truss’s No 2 followed in Thatcher’s educational footsteps, studying chemistry at Somerville, but did not pass her exams
Sent from my SM-G965F using Tapatalk
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Deleted member 5849
Guest
As I said, she does have a PhD from a good university, I'm not actually bothered about her academic capabilities, or her misleading.
More, everyone else. And the cache of Oxbridge
Sky_Blue_Dreamer
Well-Known Member
Braverman and Coffey are two others that seem to be comedy appointments for the roles they've been given and the views they hold.
skybluetony176
Well-Known Member
#partyofthepeople
Sick Boy
Super Moderator
HENRY DEEDES watches Liz Truss at her first PMQs as Prime Minister
HENRY DEEDES, Well, well. That certainly shut the Opposition benches up. Liz Truss sailed through her first PMQs yesterday. No, scrap that. She nailed it, smashed it right out of the park.
Brighton Sky Blue
Well-Known Member
Lifting the fracking ban is an environmental disaster waiting to happen that just helps us burn more of our own carbon rather than someone else’s. Terrible decision
Sick Boy
Super Moderator
The appointment of Rees Mogg says it all
It's a freeze rather than a cap .
It's the overall best way to deliver the assistance even if it goes to those who don't need it
This is because it includes business and industry which also would have been decimated by leaving it alone .
The reason it's best delivered universal is because of it's overall effect on inflation although would like to see analysis but I think overall projected to knock 5% off inflation.. would like to know if that's after the effect of borrowing the money on sterling .
It would be preferable from profit's of war dividends against borrowing as that would support the currency more and should prevent like the drop in inflation needing to increase interest rates further than needed.
Brighton Sky Blue
Well-Known Member
And they were for the 18 years before too
Brighton Sky Blue
Well-Known Member
Smogg more like it
It's a fifty year old issue really but they've had the majority of it.
It doesn't matter anyway as it is needed
Boris speech mentioned a.reactor per annum , absolute Joker.
Now if it was China there would be a chance
It boths fault not more has been done. They take a long time to agree and build and I don’t think Labour started any whilst in power. Tories only commissioned one though I think, hardly a record to shout about
Good assessment. Both parties plans would have an immediate positive impact on bringing inflation down, however, both also considered as potentially ‘inflationary’ as people may have extra cash to spend elsewhere.
We need to make sure we still reduce demand though. Nobodys talking about this which is strange. Also i still can’t believe she has ruled out an extra windfall tax, i hope she’s getting some strong investment commitments in exchange…I won’t hold my breath but fingers crossed. All down to you now Kwarteng
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shmmeee
Well-Known Member
Also does absolutely nothing to help the overall situation.
shmmeee
Well-Known Member
Agreed. I was talking immediate term in terms of encouraging reduction in demand/usage