2022 mini-budget discussion

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Uther said:
It has already unless you don't buy food.
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To be honest I had lived in hotels for 9 years pre-COVID, so buying food has been a shock to the system expense wise anyway. Can't say anything I buy specifically has hit me hard. In fact the only tangible thing I have noticed in Guinness Original.
 
dLockers said:
To be honest I had lived in hotels for 9 years pre-COVID, so buying food has been a shock to the system expense wise anyway. Can't say anything I buy specifically has hit me hard. In fact the only tangible thing I have noticed in Guinness Original.
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I bet you can't eat a sarnie without some cress and a crescent of crisps :D
 
thenewoc said:
The alternative is sticking with the past and going through a deep recession. The more we can avoid or lessen a recession the better as it takes time for bankrupt businesses and the jobs they provide to be replaced.
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And you think this will do that? Lessen a recession that is.
 
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thenewoc said:
The alternative is sticking with the past and going through a deep recession. The more we can avoid or lessen a recession the better as it takes time for bankrupt businesses and the jobs they provide to be replaced.
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Well if you believe we are in a position to avoid or lessen a recession then great. Big punt though, expecially when the actual plans are "secret", "need time" etc...nobody believes it anymore.
 
thenewoc said:
The Germans did rather better than us following the war since they were wrongly allowed to write a lot of their debts off.
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Yea, and only 7 million German people died for the privilege.
thenewoc said:
Yes because if you can keep businesses going then you keep many of the jobs going too. Retrenchment that happens in a recession would be bad for jobs and draw out a slower recovery IMO.
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Confirmation that you don't have the first clue what you're talking about.
 
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thenewoc said:
Yes because if you can keep businesses going then you keep many of the jobs going too. Retrenchment that happens in a recession would be bad for jobs and draw out a slower recovery IMO.
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I'd be fascinated to hear which part of that announcement you think specifically helps keep businesses going.
 
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CapitalOne said:
Well if you believe we are in a position to avoid or lessen a recession then great. Big punt though, expecially when the actual plans are "secret", "need time" etc...nobody believes it anymore.
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There it is, we just need to believe more. Kwarteng and Truss, the latest Tory messiahs. We, the markets, the IMF, the BoE, the OBR, and everyone else just don't see their brilliance yet.
 
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thenewoc said:
Radical times need radical solutions.
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thenewoc said:
Yes because if you can keep businesses going then you keep many of the jobs going too. Retrenchment that happens in a recession would be bad for jobs and draw out a slower recovery IMO.
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The OCUK business and finance expert is here everyone.

Though just what are your qualifications? Do you run a business?
 
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thenewoc said:
Yes because if you can keep businesses going then you keep many of the jobs going too. Retrenchment that happens in a recession would be bad for jobs and draw out a slower recovery IMO.
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But businesses will suffer under high interest rates also. Anything that increases cost of borrowing and investment will stifle business.

This is why QE was introduced years ago to increase spending
 
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