Do you want to discuss boring politics? (25 Viewers)

[fernandopartridge]

I thought they'd most likely come from the inside tbh, like you say it's hardly a win from a Tory pov.

I'm not sure they have the same impact anyway so long from the event, just reminds everybody how bizarre the rules were.

 

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[Nick]

You were saying they're all the same last night and so I asked you to point out corruption by this government. You apparently couldn't reply.

So they aren't doing the same are they, that's the point.

You want an example of labour corruption?

 

[fernandopartridge]

You want an example of labour corruption?

There are no examples of corruption that are anything like gifting billions to their mates for useless PPE, the extents they went to to facilitate that are something you'd see in a banana republic

 

[PVA]

You want an example of labour corruption?

Well earlier we had giving train drivers a payrise as an example of corruption - can you beat that?

 

[shmmeee]

I thought they'd most likely come from the inside tbh, like you say it's hardly a win from a Tory pov.

I'm not sure they have the same impact anyway so long from the event, just reminds everybody how bizarre the rules were.

Always a possibility. MPs are always in a weird bubble and obsessed with stuff from years ago. All this lockdown stuff came from Twitter and GB News first so I assumed the right but who knows.

 

[Brighton Sky Blue]

Always a possibility. MPs are always in a weird bubble and obsessed with stuff from years ago. All this lockdown stuff came from Twitter and GB News first so I assumed the right but who knows.

£50 says it’s Piers Corbyn

 

[fernandopartridge]

The Tories in their last act in government have changed the procurement law to allow for such acts again. There is now provision to ignore all procurement laws subject to ministerial order about a threat to life (and some other circumstances).

 

[MalcSB]

Labour supporters favour giving workers disposable income over corruption giving millions to a mate. More on this shock news as we get it.

Oh fuck off. Rewarding people who are funding you is still a form of corruption whether the recipient went to Eton or a comprehensive in Streatham.

I wonder who paid for Starmer’s voice and presentation coach, waste of fucking money in any case.

 

[MalcSB]

Is the pub landlord guy going to drive my trains for me?

Don’t be so fucking stupid.
Is the train driver going to pull you a pint?

 

[MalcSB]

Well earlier we had giving train drivers a payrise as an example of corruption - can you beat that?

It’s a reward for contributions to Labour Party coffers.

 

[Brighton Sky Blue]

Don’t be so fucking stupid.
Is the train driver going to pull you a pint?

One of mine genuinely did

 

[MalcSB]

If o

How does that manifest itself then? You don’t contribute to any political parties? Pay any tax? Vote?

If only we had that choice

 

[MalcSB]

One of mine genuinely did

Was it any good?

 

[Brighton Sky Blue]

Was it any good?

I’ll let you know when it arrives

 

[Sky_Blue_Dreamer]

I’ll let you know when it arrives

Wait ages then end up with a replacement Britvic.

 

[Brighton Sky Blue]

Wait ages then end up with a replacement Britvic.

Actually scratch that, it’s been cancelled due to a broken down barrel. Been offered a replacement 0% lager as compensation.

 

[MalcSB]

Actually scratch that, it’s been cancelled due to a broken down barrel. Been offered a replacement 0% lager as compensation.

More likely planned maintenance on the pipes at peak hours.

 

[SBT]

It just means he's putting him and his wife first over any political views, surely?

I think almost everyone I know is like this. And I say that as someone who’s probably more politically engaged than average. Just curious what ‘giving up on politicians’ actually means in this context.

 

[Brighton Sky Blue]

I think almost everyone I know is like this. And I say that as someone who’s probably more politically engaged than average. Just curious what ‘giving up on politicians’ actually means in this context.

I guess then it means going from caring about and engaging with politics to just ignoring it.

 

[wingy]

More likely planned maintenance on the pipes at peak hours.

What are these peak hours you refer to Malc, there's not enough activity that fits that discription is there.

 

[fernandopartridge]

And to that end, the economy shall grow by way of increased energy and water bills, hurrah

 

[fernandopartridge]

This is really just scandalous isn't it?



Private banks are given the privilege of a license to create money and the ability to make enormous profits from selling it to the public with punitive interest rates.

 

[CovValleyBoy]

And to that end, the economy shall grow by way of increased energy and water bills, hurrah

She's only gone and blown the bloody doors off !

 

[Grendel]

And to that end, the economy shall grow by way of increased energy and water bills, hurrah

Sounds like rocket boosters on the economy!

 

[Grendel]

Looking good

Rate cut can lift mood but Bank’s forecasts are unambiguously bleak

Weak jobs market and above-target inflation will dent Reeves’s growth plans and may wipe out fiscal headroom

www.theguardian.com

 

[fernandopartridge]

They really ought to get their story straight. Previously it was that interest rates must go up to counter energy price induced inflation. Now even with the prospect of energy price induced inflation they're going to come down. Hopefully this is a realisation that their previous policy was nonsensical.
I'm struggling a little bit to understand the immediate impact to the cost of living. >90% of mortgages are on fixed rates, these cannot just be renewed at will.

 

[fernandopartridge]

From a personal point of view, my current mortgage fixed rate deal ends in April. The best available deal from my current provider is £98 more per month than I pay currently. We shall have to see how quickly these interest rate changes filter through if they do at all.

Sent from my Pixel 7 using Tapatalk

 

[SBAndy]

From a personal point of view, my current mortgage fixed rate deal ends in April. The best available deal from my current provider is £98 more per month than I pay currently. We shall have to see how quickly these interest rate changes filter through if they do at all.

Sent from my Pixel 7 using Tapatalk

The reduction will likely have been priced into the deals you were looking at - there was an expectation the rate would be lowered. What may lead to some slight reductions is the 2 members of the MPC who wanted a more aggressive rate cut, which suggests it may drop quicker than anticipated.

 

[CCFCSteve]

They really ought to get their story straight. Previously it was that interest rates must go up to counter energy price induced inflation. Now even with the prospect of energy price induced inflation they're going to come down. Hopefully this is a realisation that their previous policy was nonsensical.
I'm struggling a little bit to understand the immediate impact to the cost of living. >90% of mortgages are on fixed rates, these cannot just be renewed at will.

To be fair when they increased rates there were other elements of inflation that were rising and upward wage pressure due to tight labour market. one ‘beneficial’ unintended consequence of the budget is the employer NIC increases will further soften the labour market and maybe help reduce wage growth pressure which might make more cuts more likely - that’s what I reckon BoE are thinking anyway

Having said that I’ve thought BoE were slow to increase rates and have now been slow to cut

 

[fernandopartridge]

To be fair when they increased rates there were other elements of inflation that were rising and upward wage pressure due to tight labour market. one ‘beneficial’ unintended consequence of the budget is the employer NIC increases will further soften the labour market and maybe help reduce wage growth pressure which might make more cuts more likely - that’s what I reckon BoE are thinking anyway

Having said that I’ve thought BoE were slow to increase rates and have now been slow to cut

You're essentially saying that the household gains from lower interest rates will be offset by the 'soft labour market'. Great.

 

[SBT]

They really ought to get their story straight. Previously it was that interest rates must go up to counter energy price induced inflation. Now even with the prospect of energy price induced inflation they're going to come down. Hopefully this is a realisation that their previous policy was nonsensical.

They feel able to cut now because of disinflation with domestic prices and wages, in spite of the threat of inflated energy prices. That doesn't mean all is well with the economy (interest rate cuts aren't usually a sign of economic prosperity) but it's consistent.

 

[fernandopartridge]

They feel able to cut now because of disinflation with domestic prices and wages, in spite of the threat of inflated energy prices. That doesn't mean all is well with the economy (interest rate cuts aren't usually a sign of economic prosperity) but it's consistent.

Consumer demand (confidence) hasn't suddenly collapsed

 

[SBT]

Consumer demand (confidence) hasn't suddenly collapsed

The Bank disagrees:

Business survey indicators of output growth have deteriorated over recent months, as have broader metrics of business and consumer confidence, which would be consistent with a recent slowdown in demand.

 

[wingy]

From a personal point of view, my current mortgage fixed rate deal ends in April. The best available deal from my current provider is £98 more per month than I pay currently. We shall have to see how quickly these interest rate changes filter through if they do at all.

Sent from my Pixel 7 using Tapatalk

There was a bloke on the TV said they'd probably been priced in, another case of Boe being to late to catch a cold, should have been about six months ago when all the sign's were there in the economy stagnating!

 

[chiefdave]

There was a bloke on the TV said they'd probably been priced in, another case of Boe being to late to catch a cold, should have been about six months ago when all the sign's were there in the economy stagnating!

Love how when the rates go up the banks immediately increase mortgages but when the rates go down it's been priced in.

I renewed in December and check what it would be to renew now and its more expensive now so I'm not sure I believe a reduction has already occurred.