David O'Day
Well-Known Member
interest rate rise today
interest rate rise today
0.75 as expected. Good news is they’re expecting our terminal rate to be less than many anticipate, bad news is that’s because the recession will do the job for them in relation to inflation
So another bit of related good news is they’re now expecting inflation to peak at around 11% not 13%+ . guessing reason is partly government energy assistance and also recession doing the job as mentioned above
only 11% wowYay?
You often state about USA handouts Steve but our £400B handouts have played a part too.0.75 as expected. Good news is they’re expecting our terminal rate to be less than many anticipate, bad news is that’s because the recession will do the job for them in relation to inflation
So another bit of related good news is they’re now expecting inflation to peak at around 11% not 13%+ . guessing reason is partly government energy assistance and also recession doing the job as mentioned above
I’d hate to see what you thought bad news was…0.75 as expected. Good news is they’re expecting our terminal rate to be less than many anticipate, bad news is that’s because the recession will do the job for them in relation to inflation
So another bit of related good news is they’re now expecting inflation to peak at around 11% not 13%+ . guessing reason is partly government energy assistance and also recession doing the job as mentioned above
And labour?Not sure it was the handouts that’s caused inflation, it’s all supply side isn’t it? Fuel and manufacturing ramping up post covid.
And labour?
Lots of folk came out of it with a lot of surplus cash I think.
More great news. Bridgen broken multiple lobbying rules too I see.
You often state about USA handouts Steve but our £400B handouts have played a part too.
The biggest issue to me the is USA more hawkish rate rises not being carried out in conjunction with international partner's.
I find that being more exploitative of the situation .
I’d hate to see what you thought bad news was…
Not sure it was the handouts that’s caused inflation, it’s all supply side isn’t it? Fuel and manufacturing ramping up post covid.
It is a picture of a painful economic period, with the UK performing worse than the US and the Eurozone.
This part stood out to me, no doubt we'll hear a lot of 'its like this everywhere' over the coming months and years but the BoE seem to suggest that's not the case
Over troubled waterA Bridgen too far?
The party's not the leadership?No bounce for Sunak. They're in deep shit. Love to see it.
This part stood out to me, no doubt we'll hear a lot of 'its like this everywhere' over the coming months and years but the BoE seem to suggest that's not the case
Brexit inflation as well id guess.
He’s not to be trussed.A Bridgen too far?
Is that you Tony ?!. There might be a small part but probably tiny in grand scheme of things
This was on a finance programme I saw the other day (im a dull man I know !) I think France and Spain are around 7-8% due to government assistance/suppression of energy costs. I’ve not fact checked but recognise the Holland and Germany numbers
View attachment 27014
Indeed.
2 year recession incoming.........
Probably not rishis riches thoughTakes us right up to the GE. Fucking shit but at least it should get shot of Rishi Rich.
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