2022 mini-budget discussion

Uther · 29 Sep 2022 at 19:07

Not going well for them is it...

Truss and Kwarteng to meet fiscal watchdog today after MPs demand full economic forecast

Much of the blame for the economic turmoil has been placed on the markets not knowing what was happening as there was no forecast requested from the Office for Budget Responsibility by the chancellor, as there usually is.

news.sky.com

'UK-specific component' of post-mini-budget market turmoil, Bank of England chief economist says, contradicting government defence

The Bank of England's chief economist has spoken out for the second time this week on market turmoil following the chancellor's mini-budget.

news.sky.com

sigma · 29 Sep 2022 at 19:09

Uther said:
Not going well for them is it...

Truss and Kwarteng to meet fiscal watchdog today after MPs demand full economic forecast

Much of the blame for the economic turmoil has been placed on the markets not knowing what was happening as there was no forecast requested from the Office for Budget Responsibility by the chancellor, as there usually is.

news.sky.com

'UK-specific component' of post-mini-budget market turmoil, Bank of England chief economist says, contradicting government defence

The Bank of England's chief economist has spoken out for the second time this week on market turmoil following the chancellor's mini-budget.

news.sky.com

Nobody believes experts why would anyone believe this guy:

"The Bank of England's chief economist has contradicted the government by saying there is an "undoubtedly a UK-specific component" to the market reaction of the past six days."

What does he know? A lot less than the people who say this is needed and they saw it coming.

wildman · 29 Sep 2022 at 19:46

Loagi said:
I wouldn't bet on Truss still being PM by Christmas at this rate.

forget Christmas, I reckon by November 5th she won't be PM anymore.........

Django x2 · 29 Sep 2022 at 19:47

I'll definitely be able to empathise once all the usual complainers ensure that before they publicly cry to the daily mail, they reduce their non essential outgoings such as Disney +, Amazon, Spotify, Netflix and NowTV. Then they'll know exactly if they can afford to get little Timmy fed on beans this week or not.

Uther · 29 Sep 2022 at 19:51

Django x2 said:
I'll definitely be able to empathise once all the usual complainers ensure that before they publicly cry to the daily mail, they reduce their non essential outgoings such as Disney +, Amazon, Spotify, Netflix and NowTV. Then they'll know exactly if they can afford to get little Timmy fed on beans this week or not.

Will that stop the government crashing the economy, the BoE having to bail them out for 65 billion, and people paying 6% mortgages?

200sols · 29 Sep 2022 at 19:51

Just when you think the avocados and coffee thing is only a meme somebody posts that :cry:

Uther · 29 Sep 2022 at 20:00

The Funktopus · 29 Sep 2022 at 20:03

That’s pretty good value, for something to wipe your arse with.

Slam62 · 29 Sep 2022 at 20:05

Right so all this excitement is very nice and provides lost of clicks, however apart from inflation screwing over the average Joe (no change there) has anything collapsed has anything crashed ?

Nothing, nada, zilch, unemployment is effectively zero, the problem for employers is getting staff, not getting rid of them.

Yeah the energy crisis blah blah, but the nanny state is bailing everyone out. Tout ca change.

Uther · 29 Sep 2022 at 20:07

Slam62 said:
Right so all this excitement is very nice and provides lost of clicks, however apart from inflation screwing over the average Joe (no change there) has anything collapsed has anything crashed ?

Nothing, nada, zilch, unemployment is effectively zero, the problem for employers is getting staff, not getting rid of them.

Yeah the energy crisis blah blah, but the nanny state is bailing everyone out. Tout ca change.

Do you have a pension? Thank the BoE that it still exists if you do.

shifty_uk · 29 Sep 2022 at 20:08

Slam62 said:
Right so all this excitement is very nice and provides lost of clicks, however apart from inflation screwing over the average Joe (no change there) has anything collapsed has anything crashed ?

Nothing, nada, zilch, unemployment is effectively zero, the problem for employers is getting staff, not getting rid of them.

Yeah the energy crisis blah blah, but the nanny state is bailing everyone out. Tout ca change.

Do you have a mortgage or pension?

Slam62 · 29 Sep 2022 at 20:09

Uther said:
Do you have a pension? Thank the BoE that it still exists if you do.

I'm taking my pension now, I retired two years ago, they had me going for a bit, but they're no Robert Maxwell or Phillip Green

Robbo · 29 Sep 2022 at 20:10

It's funny isn't it. We had months of Tory MP's appearing on breakfast TV, repeatedly defending Boris and all of the stupid things that were happening in government. Making themselves look utterly stupid.

Now we're right back there again. Ministers appearing on TV, defending the indefensible, treating the public like fools.

What joy. It's quite literally painful to watch.

Slam62 · 29 Sep 2022 at 20:10

shifty_uk said:
Do you have a mortgage or pension?

No, see above.

If my pension vapourizes I'll have to something terrible, get a job.

ZeroG · 29 Sep 2022 at 20:11

Slam62 said:
Right so all this excitement is very nice and provides lost of clicks, however apart from inflation screwing over the average Joe (no change there) has anything collapsed has anything crashed ?

Nothing, nada, zilch, unemployment is effectively zero, the problem for employers is getting staff, not getting rid of them.

Yeah the energy crisis blah blah, but the nanny state is bailing everyone out. Tout ca change.

The £ crashed quite a bit.

Not everything happens at once or immediately.

Slam62 · 29 Sep 2022 at 20:14

ZeroG said:
The £ crashed quite a bit.

Not everything happens at once or immediately.

Not everything happens within 20 years either and I won't care by then.

Uther · 29 Sep 2022 at 20:15

Slam62 said:
Not everything happens within 20 years either and I won't care by then.

That's alright then Jack, but literally millions of people do care about what's happening now with their finances, mortgages, pensions, jobs...

CapitalOne · 29 Sep 2022 at 20:19

Uther said:
That's alright then Jack, but literally millions of people do care about what's happening now with their finances, mortgages, pensions, jobs...

True Kippers have their “care glands“ and empathy removed as part of their initiation to the National Trust

fez · 29 Sep 2022 at 20:22

Slam62 said:
Not everything happens within 20 years either and I won't care by then.

Its so nice that we have a country run by people who think like you. **** everyone else as long as I'm OK. Its a lovely way to run a country.

Slam62 · 29 Sep 2022 at 20:22

Uther said:
That's alright then Jack, but literally millions of people do care about what's happening now with their finances, mortgages, pensions, jobs...

Of course too much bile.