In 2010 the Pound was worth $1.54. After 12 years of Tory party's growth, growth, growth, the pound crashed down to $1.05. After a £65billion Bank of England rescue plan, and IMF intervention, it recovered slightly to $1.14. After U-turn Lizzy's speech yesterday, the pound went down to $1.12. This is what the Tory party mean by growth, growth, growth for the average citizen of the UK, whilst the only growth is in the lining of their own pockets. Another mini budget with 45p tax cuts and extended banker's bonuses please!!! Growth, growth, growth, for the people funding this vile party.
Not sure what your point is. In late 2007 I bought a load of USD at 2.041 to the £. It then crashed to $1.40 by early 2009 as the UK economy fell into recession. Who was running the show then? Oh, goodness, it was Gordon Brown. Ah, but it was all because of world events, those nasty German bankers etc etc...anything but Brown's mishandling of the economy.
@@freko106 What a lot of hot air and disinformation. Tell me, where did Brown stash the cash he personally received from the Russian Banks and still a mystery??
The idea that these tax cuts will stimulate growth is pure fantasy. I was planning to start a 4 month home renovation project employing many local tradespeople. I’ve now cancelled it because of the economic uncertainty and the massive increase in my mortgage payments caused by the risk that lenders are now pricing in to their rates. The government is borrowing money at very expensive rates to fund tax cuts which end up stifling economic activity. It is incompetence on a different scale.
The issue is allowing rich foreigners to own unlimited property and take all rental income out the country. House prices will fall if we make charge people who own 100s of homes or put a cap of max number of homes owned
The bank's are independent of the government, Labour gave them independence in the late 1990's, a bad move, so now the BOE decides about interest rates not the government thanks to Labour !
Boris, Liz and Kwarteng made a mockery of the country in the international podium!Let's acknowledge the situation. The Tories elected a clueless minister to be the PM. The Hustings candidates including Kemi, Penny and the rest supported Liz as part of a backdoor negotiations to gain portfolios they wanted. They all acted in their own selfinterest! Liz is known for u-turning on almost everything but she sure knows how to sell pork!. Tories missed the opportunity when they failed to vote for Rishi Sunak who is the most capable on taking on the role of PM and been honest throughout. Labour is now sure to win the election, thanks to silly Liz and her cronies! Damage is already done! The only little chance the Tories have now is to replace Liz with Rishi and they have yo do this real quickly before it is too late, before Liz causes more irreparable damage. #BringBackRishi
Their chance to win next election is zero. Years of austerity, mishandled chaotic Brexit, corruption, Borris the liar and now crazy Trussonomic, they are not Consrvatives anymore, Tory party is controlled by libertarian cult , Tufton Street club, IEA, etc... pushing disaster capitalism to stuff the pockets of the richest 'money makers'.
@@acthompson9983 C'mon, your telling us that trickle down truss is performing well and that the polished and much better orator sunak wouldn't have done a better job....😂 I hope they keep looney Lizzy in for as long as possible so when we have the next election the TORY party goes the way of the Dodo 🤞
My local Tory candidate just knocked the door to announce... The Labor council, is planning to switch off street lighting after 10:00pm 'isn't that awful?' I said yes, of course it is. But your party has played a huge part in that becoming a necessity. Her reply (as she withdrew the proffered leaflet) was a cool... Okay then. No iff's but's or let's try another line of attack. Her metaphorical balloon just deflated before my very eyes. Go figure and go Lisa Nandy et al.
@@midlandgeordie Burley hasnt the IQ or backbone to be a Tory. She is probably the worst journalist outside of the USA. The funny thing is even her stupid questions couldnt be answered by the reality challenged Nandy who thinks if she lies and spreads enough disinformation some of it will stick. Am sure it will with those, equally, reality challenged.
Lisa - should we not emphasise that the Government is vastly increasing borrowing by not taxing the energy companies to reduce Energy bills but making the tax payer pay for the current reduction in bills on the never never..
This is better than Starmer. Just plain common sense. We need a time of consolidation not drama from a daft scheme that will damage us and do nothing unless inflation is dealt with. Fuel and energy must be reduced to rock bottom or strikes will become NATIONAL.
The budget has almost zero influence on the base rate - the theory is the BOE has been to slow and behind the curve in withdrawing QE and raising rates to tackle inflation
How does the UK achieve economic Growth considering; i) UK domestic Energy bills have 100+% inflation. ii) UK Food inflation 30-50% iii) Bitter Industrial Disputes iv) Base Load Electricity this Winter will not be met and load shedding will be required for domestic and Business Use. v) Ever increasing Excess Personnel deaths due to the Silent Weapons deployment during 2020/21 vi) A general malaise of apathy and hopelessness, which will become more entrenched due to the misery of this planned Dark Winter.
Your site is not a lot of money about people are struggling if people are buying houses how much deposit are they holding when we're in crisis and expecting the government to dial them out simply hold on to your money don't buy until Mark is stabilized
Proper Windfall Tax. Obvious decent pragmatic. Heads of Shell and BP have waded in to contradict the Truss ‘Project Fear’ reinvestment lie. Absurd that she borrowing money and taxing consumers unnecessarily.The Govt is not ‘helping’ it’s hindering.
Taxing consumers ! how does that work when your income tax rate is being reduced by 1% ? and your NI contributions are being cut ! explain ? Bearing in mind we are borrowing that money to subsidise YOUR energy bills, so how can they be increasing your taxes to pay it back when your tax is actually reducing ??????
None of this makes sense, windfalls tax is non event, its peanuts, just lefty spite. How is she taxing consumers having dropped the rates and handing out billions. I would rather stop the handouts as am sick of listening to snivellling lefty complaining with this pack of lies.
@@Colin623 The government is acquiring debt on a massive scale which the taxpayer will be burdened with for a generation. The Energy companies have not worked for their massive unanticipated profits , and it is only right that a windfall tax should be applied to reduce the need for government borrowing. When these companies make a loss, then that loss is tax deductible.
@@egold33311 no one disputes that interest rates are rising globally. The UK's interest rates will be higher than predicted as a direct result of the mini budget and that's something that even front bench conservative MPs have admitted.
Mortgage rates were 5-6% when labour were last in power - then they oversaw the financial crash and rates have been zero for 14 years - this easing of rates is just returning to the normal healthy balance
Your misunderstanding is that this is an “easing” of rates, this would be the largest single year jump in over 25 years. Rates were long overdue to increase, but the large single year projected increase isn’t a good thing, it’s a sign of a significant decrease in growth. Nor were previous cuts in the intervening years of the recession a sign of having it good, they were made to ward off deflation in the markets at a time when real term wage growth was at its slowest in 200 years. This isn’t because the BoE is attempting to return us to the status quo (I believe average base rate of around 4.5%), it’s because it hasn’t any room to manoeuvre in any other way.
That was what they were focused on untill inflation. Now they're just trying to reduce inflation hence they've gone into overdrive. Problem for them is there is too much debt based on low interest for them to move quickly. Moving quickly threatens to make entities holding gov bonds insolvent. Hence we might see negative real interest rates for a while
@@Elias_Avraham I agree - large and quick rises in interest rates are not desirable- it smacks of panic- but this is where I blame the BOE- they have been to slow to act even before the invasion by Russia- in only November last year they issues £140bn of new QE and didn’t raise rates as expected- contracts that to the aggressive FED and that’s why we and the euro is slow much weaker
@@stuartwood5448 I’d have to politely disagree, comparing the moves of the BoE to the Fed is like comparing apples to oranges. Two markets separated by wildly different levels of exposure to commodities and debt. Certainly the BoE has been cautious due to headline inflation initially forecast to fall, the BoE would then be put in the precarious position of explaining rate rises whilst growth slows if inflation does fall back. Difficult to justify. They have less headroom than the Fed to act. What certainly doesn’t make it better is conscious political decisions by this government, with the BoE raising rates to reign in demand, whilst the government has been provided extra direct stimulus (to help with the demand of energy, cost of living, CPI) , propping up false aggregate demand, rather than taking measures to limit costs at source. The BoE is having to fight on two fronts thanks to the shoddy fiscal policies of this government and the previous government.
@@Elias_Avraham I think the fed as been raising rate also in the the environment of loose fiscal policy- Biden’s inflation reduction action will increase borrowing and debt and “stimulate” economy- I also didn’t think that king term fiscal policy like cutting taxes for next year or investment zones should be in lock step with an independent central banks main remit to control inflation Many of budget announcements were are deflationary- such as the energy price cap or the supply side reforms
Labour talk about the cost of living , the conservatives talk about the queen , industrial Revolution and treble down economics. They would have a worse clobbering than the Lib Dems over student fees right know if we had a general election 🗳 !
Government needs to stop overspending and wasting taxpayers money on worthless causes. Top of the agenda regarding overspending and wasting public funds should be apart from the Military privatise all public sectors and top of the list is the NHS , then civil service , education , police , fire service etc etc. Money saved could be used better spent on far more important issues.
No one seems to want to talk about that. It's a disgrace that the money lost through covid dodgey contracts and fraud not being chased doesn't even get a mention. Where did dido harding vanish to? With the track and trace money? How many expensive projects have they wasted millions on that didn't come to light. How much in total do they all claim in expenses? How much in total are we paying for their energy bills. PM trips abroad? When she could have taken a commercial flight as she wasn't even PM then. How much for their so called lunches in expensive Tory donor owned clubs. Shady deals. Dressed as a "Buisness" meeting. The Tories are parasites feeding off the public purse for their own enjoyment.
I am one of Liz truss's biggest critics. However I will give her a credit for the change of tone In the protocol talks. If if she can do the impossible and obtain a deal on the protocol; something which Johnson couldn't do and she gets the Northern Ireland institutions up and running, She will achieve something quite significant. Not only will she bring stability to the North of Ireland And be due the plaudits for that, She will also have the knock on effect of a rise in the markets and a rise in the pound as a result of finally coming to terms with Europe. This will bring down borrowing and mortgage rates. Maybe its not all over for Mrs T.
And risk scuppering US-UK relations in the process, isolating Britain even more politically, polling suggests majority support for the protocol in NI. This is not conscious political choices of a government seeking stability.
Mortgage lenders have already priced in Novembers and probably Decembers inevitable base rate increases. The mini budget has absolutely nothing to do Mortgage rates, inflation has !
the Gilt rates have been spiralling since it looked like Truss was going to win culminating in the mini budget Kwerteng and Truss have added 2% to the cost of government borrowing plus reduced uk plc asset values by 1/2 a trillion the boe injected 60 billion into the market which will further fuel inflation down the line the economy cannot grow because 1. we have a supply side shortage of essential food and energy any increase in demand just keeps hiking up the price 2. there's an acute labour shortage due to the removal of freedom of movement 3. there's a collapse in trade with a market of 400 million people due to excessive red tape and tarrifs brought on by government jacking us out of the single market
The so called 'mini-budget' has everything to do with mortgage rates and the resulting increase in inflationary pressure/interest rate rise introduced by the BoE. In an attempt at staving off a run on the pound. I'm sorry, but your sense of 'absolutly nothing' needs a serious re-evaluation... Pension hedge-funders (and others) operate on the principal of leveraging and if inflation changes up by even 0.001% their effective 'bets' lose money and they try to sell off quickly, to avoid hemoraging liquidity and ultimately solvancy. Yes. Mortgage lenders have probably 'priced in' November/December's likely base rates. But the BoE intervention is only a temporary measure and your absolutely nothing, is on very shaky ground here on in. Both in terms of mortgage rates and inflation on a broader scale... Everything is linked and has a cause and effect inevitable consequence.
@@antonioross9006 also we have a serious problem in the amount of debt leverage ( >100% ) economists have been warning for a while that the huge increase in money supply will trigger inflation to the point where the IMF recommended a wealth tax. Billionaire wealth has doubled in the last 3 years house prices have increased by 30% on flat wage growth indicating a rise in investment property Truss and Kwerteng screwing up the system will turn a price correction into a full blown mortgage meltdown
@@palcente Not the case, mortgage rates are governed by the BOE interest rates, the BOE raised interest rates several times earlier this year which has led to mortgage companies following suit, I'm surprised this is not common knowledge !
@@Colin623 Mortgage rates on mortgage offers are set by mortgage companies. Mortgage companies increased the rates by a lot after mini-budget announcement. There was no BOE rate hike in between mini budget and now.
lies from labour. labour were calling for a lot of what was in the mini budget, secondly mortgage rates were going up anyway because they are expecting the BOE to increase rates over the next year, it's not a shock.
@@davecross4493 They lie to the camera and muppets then complain Sky is biased. All Labour policies are nased on social division and hatred and how to make it worse
@@davecross4493 Non policies ! nobody knows what there policies are, the only thing they do is attack Tory policies, any fool can do that, what are their tax and NI policies for mr average ? what are their policy about people coming into the country illegally costing the taxpayer £1.5 Billion a year ? what is their defence policy ? what is their Northern Ireland policy ? etc etc etc, only an anorak would know, mr average has no idea. The tories are handing Labour the next election it's not a case of Labour offering anything radical,
In 2010 the Pound was worth $1.54. After 12 years of Tory party's growth, growth, growth, the pound crashed down to $1.05. After a £65billion Bank of England rescue plan, and IMF intervention, it recovered slightly to $1.14.
After U-turn Lizzy's speech yesterday, the pound went down to $1.12. This is what the Tory party mean by growth, growth, growth for the average citizen of the UK, whilst the only growth is in the lining of their own pockets.
Another mini budget with 45p tax cuts and extended banker's bonuses please!!! Growth, growth, growth, for the people funding this vile party.
That 30%+ drop doesn't even take into account when Inflation. In reality £100 in 2010 is about £60-65 in 2022 at best
Content free garbage and disinformation. Explain why all other world currencies were following the same pattern.
Not sure what your point is. In late 2007 I bought a load of USD at 2.041 to the £. It then crashed to $1.40 by early 2009 as the UK economy fell into recession. Who was running the show then? Oh, goodness, it was Gordon Brown. Ah, but it was all because of world events, those nasty German bankers etc etc...anything but Brown's mishandling of the economy.
@@freko106 What a lot of hot air and disinformation. Tell me, where did Brown stash the cash he personally received from the Russian Banks and still a mystery??
We have had covid lock downs (although unnecessary in my opinion) it's a world wide problem knocking every economy.
The idea that these tax cuts will stimulate growth is pure fantasy.
I was planning to start a 4 month home renovation project employing many local tradespeople. I’ve now cancelled it because of the economic uncertainty and the massive increase in my mortgage payments caused by the risk that lenders are now pricing in to their rates.
The government is borrowing money at very expensive rates to fund tax cuts which end up stifling economic activity.
It is incompetence on a different scale.
Government needs to act on this mortgage crisis, how do they not see that!.
Idiots should live within their means getting credit at 0.1% with lower mortgage payments than rent costs on a similar property had to end soon
The issue is allowing rich foreigners to own unlimited property and take all rental income out the country. House prices will fall if we make charge people who own 100s of homes or put a cap of max number of homes owned
We may hava a stock market collapse before the next BOE interest rate decision so wouldn't worry about higher rates.
The bank's are independent of the government, Labour gave them independence in the late 1990's, a bad move, so now the BOE decides about interest rates not the government thanks to Labour !
@@Colin623 But the UK wasn't falling apart then. Its decline in the last 12 years is noticable in every sector of society.
reversing mini budget now won't do anything to the mortgage rates - the damage is done
Sanctions backfire. BOE didn't engineer a proxy war or a pipeline sabotage. Thanks to neo liberal governments
Boris, Liz and Kwarteng made a mockery of the country in the international podium!Let's acknowledge the situation. The Tories elected a clueless minister to be the PM. The Hustings candidates including Kemi, Penny and the rest supported Liz as part of a backdoor negotiations to gain portfolios they wanted. They all acted in their own selfinterest! Liz is known for u-turning on almost everything but she sure knows how to sell pork!. Tories missed the opportunity when they failed to vote for Rishi Sunak who is the most capable on taking on the role of PM and been honest throughout. Labour is now sure to win the election, thanks to silly Liz and her cronies! Damage is already done! The only little chance the Tories have now is to replace Liz with Rishi and they have yo do this real quickly before it is too late, before Liz causes more irreparable damage. #BringBackRishi
Utter nonsense
Their chance to win next election is zero. Years of austerity, mishandled chaotic Brexit, corruption, Borris the liar and now crazy Trussonomic, they are not Consrvatives anymore, Tory party is controlled by libertarian cult , Tufton Street club, IEA, etc... pushing disaster capitalism to stuff the pockets of the richest 'money makers'.
@@acthompson9983 C'mon, your telling us that trickle down truss is performing well and that the polished and much better orator sunak wouldn't have done a better job....😂
I hope they keep looney Lizzy in for as long as possible so when we have the next election the TORY party goes the way of the Dodo 🤞
My local Tory candidate just knocked the door to announce... The Labor council, is planning to switch off street lighting after 10:00pm 'isn't that awful?' I said yes, of course it is. But your party has played a huge part in that becoming a necessity. Her reply (as she withdrew the proffered leaflet) was a cool... Okay then. No iff's but's or let's try another line of attack. Her metaphorical balloon just deflated before my very eyes. Go figure and go Lisa Nandy et al.
What actually is 'leveling up'?
Torture the poor, give to the rich?
Growth, growth, growth!
Lisa Nandy comes across really well
I think so too.
Easy to BS and lie isnt it
@@acthompson9983 just like the tories eh? 🙄🙄
@@vickyserr Tax cuts and handouts and still the left snivel and whine
I’m wondering does Kay ask these Hard questions to the party that’s actually in government or is Sky News a shell company for the Conservative Party?🧐
Not hard questions. Just too easy to expose Labour lying to the cameraas
Burley is a conservative
@@midlandgeordie I don’t care if she’s a vegetarian..she should check her political feelings at the front door.
@@midlandgeordie Burley hasnt the IQ or backbone to be a Tory. She is probably the worst journalist outside of the USA. The funny thing is even her stupid questions couldnt be answered by the reality challenged Nandy who thinks if she lies and spreads enough disinformation some of it will stick. Am sure it will with those, equally, reality challenged.
@@absolutedivineNYC No, in this case its just another arrogant lying Labour MP who cant duck the truth
Wasn’t there an Insulate Britain campaign about a year ago?? 🤔
Reverse the energy price cap and we pay market price?
Will my taxes also have to subsidize speculators ???
Lisa - should we not emphasise that the Government is vastly increasing borrowing by not taxing the energy companies to reduce Energy bills but making the tax payer pay for the current reduction in bills on the never never..
Things change FAST? Except proper actions and good decisions.
This is better than Starmer. Just plain common sense. We need a time of consolidation not drama from a daft scheme that will damage us and do nothing unless inflation is dealt with. Fuel and energy must be reduced to rock bottom or strikes will become NATIONAL.
The budget has almost zero influence on the base rate - the theory is the BOE has been to slow and behind the curve in withdrawing QE and raising rates to tackle inflation
Haha loads of idiots got credit at 0.1% interest without doing the maths if it went up.
How does the UK achieve economic Growth considering;
i) UK domestic Energy bills have 100+% inflation.
ii) UK Food inflation 30-50%
iii) Bitter Industrial Disputes
iv) Base Load Electricity this Winter will not be met and load shedding will be required for domestic and Business Use.
v) Ever increasing Excess Personnel deaths due to the Silent Weapons deployment during 2020/21
vi) A general malaise of apathy and hopelessness, which will become more entrenched due to the misery of this planned Dark Winter.
Covid lock downs and a Pathetic green agenda are the downfall, same in Germany and other countries.
Labour Party will make it worse.
Your site is not a lot of money about people are struggling if people are buying houses how much deposit are they holding when we're in crisis and expecting the government to dial them out simply hold on to your money don't buy until Mark is stabilized
Your boss has already said that he wants to keep the tax cuts which was the whole point of the budget. Keep up.
What's important to viewers, picket lines and andy burnham. It's a good job Sky news is not a serious organisation. 🤣
No u turn stay strong 🇬🇧💯
...heard of reverse mortgage...
Proper Windfall Tax.
Obvious decent pragmatic. Heads of Shell and BP have waded in to contradict the Truss ‘Project Fear’ reinvestment lie.
Absurd that she borrowing money and taxing consumers unnecessarily.The Govt is not ‘helping’ it’s hindering.
Taxing consumers ! how does that work when your income tax rate is being reduced by 1% ? and your NI contributions are being cut ! explain ?
Bearing in mind we are borrowing that money to subsidise YOUR energy bills, so how can they be increasing your taxes to pay it back when your tax is actually reducing ??????
None of this makes sense, windfalls tax is non event, its peanuts, just lefty spite. How is she taxing consumers having dropped the rates and handing out billions. I would rather stop the handouts as am sick of listening to snivellling lefty complaining with this pack of lies.
@@Colin623 The government is acquiring debt on a massive scale which the taxpayer will be burdened with for a generation. The Energy companies have not worked for their massive unanticipated profits , and it is only right that a windfall tax should be applied to reduce the need for government borrowing. When these companies make a loss, then that loss is tax deductible.
@@Colin623 who pays back that money? Taxpayer is it? Thought so.
What a gigantic mess, how wonderful!
50 cents will give u
Here's an idea.. Put massive tax on the hedge fund donors of the tory party who made billions shorting the pound....
This is a lie
Kay finally listening and put on her corner by someone who talks and answers questions intelligently!
reverse the mini budget!!!! we are going broke!
We're all f*d
What is a Levelling UP person?
An extra job for a friend of government
Labour too selfish to achieve office and British citizens are suffering really bad
Interest rates are going up regardless of the mini budget, shows these people are clueless
At last someone with an ounce of sense ! plus interest rates are set by the BOE not the government !
Two people just sticking their fingers in their ears because the truth about the party they support hurts their feelings.
@@barryboom717 See the whole world and interest rates rising...
@@egold33311 no one disputes that interest rates are rising globally. The UK's interest rates will be higher than predicted as a direct result of the mini budget and that's something that even front bench conservative MPs have admitted.
Mortgage rates were 5-6% when labour were last in power - then they oversaw the financial crash and rates have been zero for 14 years - this easing of rates is just returning to the normal healthy balance
Your misunderstanding is that this is an “easing” of rates, this would be the largest single year jump in over 25 years. Rates were long overdue to increase, but the large single year projected increase isn’t a good thing, it’s a sign of a significant decrease in growth. Nor were previous cuts in the intervening years of the recession a sign of having it good, they were made to ward off deflation in the markets at a time when real term wage growth was at its slowest in 200 years. This isn’t because the BoE is attempting to return us to the status quo (I believe average base rate of around 4.5%), it’s because it hasn’t any room to manoeuvre in any other way.
That was what they were focused on untill inflation. Now they're just trying to reduce inflation hence they've gone into overdrive. Problem for them is there is too much debt based on low interest for them to move quickly. Moving quickly threatens to make entities holding gov bonds insolvent. Hence we might see negative real interest rates for a while
@@Elias_Avraham I agree - large and quick rises in interest rates are not desirable- it smacks of panic- but this is where I blame the BOE- they have been to slow to act even before the invasion by Russia- in only November last year they issues £140bn of new QE and didn’t raise rates as expected- contracts that to the aggressive FED and that’s why we and the euro is slow much weaker
@@stuartwood5448 I’d have to politely disagree, comparing the moves of the BoE to the Fed is like comparing apples to oranges. Two markets separated by wildly different levels of exposure to commodities and debt. Certainly the BoE has been cautious due to headline inflation initially forecast to fall, the BoE would then be put in the precarious position of explaining rate rises whilst growth slows if inflation does fall back. Difficult to justify. They have less headroom than the Fed to act. What certainly doesn’t make it better is conscious political decisions by this government, with the BoE raising rates to reign in demand, whilst the government has been provided extra direct stimulus (to help with the demand of energy, cost of living, CPI) , propping up false aggregate demand, rather than taking measures to limit costs at source. The BoE is having to fight on two fronts thanks to the shoddy fiscal policies of this government and the previous government.
@@Elias_Avraham I think the fed as been raising rate also in the the environment of loose fiscal policy- Biden’s inflation reduction action will increase borrowing and debt and “stimulate” economy-
I also didn’t think that king term fiscal policy like cutting taxes for next year or investment zones should be in lock step with an independent central banks main remit to control inflation
Many of budget announcements were are deflationary- such as the energy price cap or the supply side reforms
We noticed Kate burley is back into her signature stiletto pumps
I detest the Tory’s I’m not that keen on this labour shadow government either
Wow, the tories have pumped a load of money into bots in the last 48 hours
Lisa nandy is a good labour party politian.
Labour talk about the cost of living , the conservatives talk about the queen , industrial Revolution and treble down economics. They would have a worse clobbering than the Lib Dems over student fees right know if we had a general election 🗳 !
Conservative party 🎉🇬🇧 helped United Kingdom 🇬🇧 in a covid 19 pandemic and made us all feel save and I will never forget the hard work they put in.
Can we get rid of kay she is an awful reporter lol
What a load of ball s### lol 🤣
Remember, Kay and Beth the party rule breakers are in the £150K bracket they will always stand for the Tory's .
Just remind me, how many millionaires sitting on Labour benches? Where did Brown stash the cash he personally made from the Russian banks?
Government needs to stop overspending and wasting taxpayers money on worthless causes.
Top of the agenda regarding overspending and wasting public funds should be apart from the Military privatise all public sectors and top of the list is the NHS , then civil service , education , police , fire service etc etc.
Money saved could be used better spent on far more important issues.
No one seems to want to talk about that. It's a disgrace that the money lost through covid dodgey contracts and fraud not being chased doesn't even get a mention. Where did dido harding vanish to? With the track and trace money? How many expensive projects have they wasted millions on that didn't come to light. How much in total do they all claim in expenses? How much in total are we paying for their energy bills. PM trips abroad? When she could have taken a commercial flight as she wasn't even PM then. How much for their so called lunches in expensive Tory donor owned clubs. Shady deals. Dressed as a "Buisness" meeting. The Tories are parasites feeding off the public purse for their own enjoyment.
I am one of Liz truss's biggest critics. However I will give her a credit for the change of tone In the protocol talks. If if she can do the impossible and obtain a deal on the protocol; something which Johnson couldn't do and she gets the Northern Ireland institutions up and running, She will achieve something quite significant. Not only will she bring stability to the North of Ireland And be due the plaudits for that, She will also have the knock on effect of a rise in the markets and a rise in the pound as a result of finally coming to terms with Europe. This will bring down borrowing and mortgage rates. Maybe its not all over for Mrs T.
N Ireland economy is doing better than UK within the protocol.
@@davidharrison9324 and it will fly once a proper deal is done
And risk scuppering US-UK relations in the process, isolating Britain even more politically, polling suggests majority support for the protocol in NI. This is not conscious political choices of a government seeking stability.
@@amc8241 they have a proper deal and it's the only deal in town
🤡🤡🤡
Mortgage lenders have already priced in Novembers and probably Decembers inevitable base rate increases.
The mini budget has absolutely nothing to do Mortgage rates, inflation has !
the Gilt rates have been spiralling since it looked like Truss was going to win culminating in the mini budget
Kwerteng and Truss have added 2% to the cost of government borrowing plus reduced uk plc asset values by 1/2 a trillion
the boe injected 60 billion into the market which will further fuel inflation down the line
the economy cannot grow because
1. we have a supply side shortage of essential food and energy any increase in demand just keeps hiking up the price
2. there's an acute labour shortage due to the removal of freedom of movement
3. there's a collapse in trade with a market of 400 million people due to excessive red tape and tarrifs brought on by government jacking us out of the single market
The so called 'mini-budget' has everything to do with mortgage rates and the resulting increase in inflationary pressure/interest rate rise introduced by the BoE. In an attempt at staving off a run on the pound.
I'm sorry, but your sense of 'absolutly nothing' needs a serious re-evaluation... Pension hedge-funders (and others) operate on the principal of leveraging and if inflation changes up by even 0.001% their effective 'bets' lose money and they try to sell off quickly, to avoid hemoraging liquidity and ultimately solvancy.
Yes. Mortgage lenders have probably 'priced in' November/December's likely base rates. But the BoE intervention is only a temporary measure and your absolutely nothing, is on very shaky ground here on in. Both in terms of mortgage rates and inflation on a broader scale... Everything is linked and has a cause and effect inevitable consequence.
@@antonioross9006 also we have a serious problem in the amount of debt leverage ( >100% ) economists have been warning for a while that the huge increase in money supply will trigger inflation to the point where the IMF recommended a wealth tax.
Billionaire wealth has doubled in the last 3 years house prices have increased by 30% on flat wage growth indicating a rise in investment property Truss and Kwerteng screwing up the system will turn a price correction into a full blown mortgage meltdown
Mini budget has nothing to do with interest rate hikes. 😂
Yes it's inevitable that it will crash because Interest rates were at extreme lows for 14 years...
yeah it is all just some kind of mad coincidence
they are worried about mortgage rates, which spiked without interest rates being increased
@@palcente Not the case, mortgage rates are governed by the BOE interest rates, the BOE raised interest rates several times earlier this year which has led to mortgage companies following suit, I'm surprised this is not common knowledge !
@@Colin623 Mortgage rates on mortgage offers are set by mortgage companies. Mortgage companies increased the rates by a lot after mini-budget announcement. There was no BOE rate hike in between mini budget and now.
I like Lisa Nandy a lot, but in this interview she's constantly contradicting herself... and also the pound has almost fully recovered FYI
I'm voting conservative party 🎉🇬🇧 in 2024
She looks like Truss part 2 when she speak
lies from labour. labour were calling for a lot of what was in the mini budget, secondly mortgage rates were going up anyway because they are expecting the BOE to increase rates over the next year, it's not a shock.
Lol isn’t this the same woman who said she can’t define what a woman is?
Which woman?
Liz Truss Prime Minister 🇬🇧 Gonna get my vote.
As bad as the Tories are Labour are incredibly dim at times.
Based on what?
@@davecross4493 They lie to the camera and muppets then complain Sky is biased. All Labour policies are nased on social division and hatred and how to make it worse
@@davecross4493 Non policies ! nobody knows what there policies are, the only thing they do is attack Tory policies, any fool can do that, what are their tax and NI policies for mr average ? what are their policy about people coming into the country illegally costing the taxpayer £1.5 Billion a year ? what is their defence policy ? what is their Northern Ireland policy ? etc etc etc, only an anorak would know, mr average has no idea. The tories are handing Labour the next election it's not a case of Labour offering anything radical,
Lisa Nandy doesn't even know what a woman is, how could anyone expect her to know how to fix the economy 😂
Of course someone focused on fixing the economy should of course also be an expert on biology 😂 ffs mate.
Nandy is not making sense here? She does not know what QE means
if Labour comes into power it will be 10 times worse than the Tories jokers
Don't think so
@@barryboom717 her plan is to reverse the mini budget. thats her plan. more taxes. so clueless...
Team Prime Minister 🇬🇧 Liz Truss of United Kingdom 🇬🇧.
Trash from a Liebore dope !!