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‘We CANNOT afford to borrow more!’ | Jacob Rees-Mogg addresses the Government debt crisis

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Jacob Rees-Mogg comments on markets cracking down on Government borrowing, comparing the situation to ‘a repeat of the late 1970s and early 1980s.’

#joacobreesmogg #government #debt #economy

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31 Comments

31 Comments

  1. @iwx2672

    December 20, 2023 at 2:16 pm

    The warped people of Britain view this man as enemy. I however view him as a stark voice of reason in an absolute insane country. England is right up there with North Korea as the most insane country in the world. This a collection of people who will sit around with tea cups discussing strategies for covering up racially motivated rapes of their own wives and daughters and hurl you with abuse if you dare mention it. Actually, no, not even the North Koreans are that insane.

  2. @markedwardsuk

    December 20, 2023 at 2:16 pm

    Critique of Jacob Rees-Mogg's monologue

    Rees-Mogg's monologue is a mix of factual statements and opinions, and it is important to separate the two when evaluating his claims.

    One of the main points that Rees-Mogg makes is that the UK government is facing a financial crisis, and that this is due to the high levels of government borrowing. He cites the fact that the cost of government borrowing is rising, and that this is a signal that markets are losing confidence in the UK economy.

    This is a valid concern, and it is one that is shared by many economists. The UK government has a very high debt-to-GDP ratio, and it is facing rising interest rates. This could make it difficult for the government to borrow money in the future, and it could lead to a financial crisis.

    However, Rees-Mogg is wrong to claim that the UK government is facing a "financial shift" that is similar to the late 1970s and early 1980s. The UK economy is in a much stronger position today than it was in the 1970s and 1980s. Unemployment is low, inflation is under control, and the economy is growing.

    It is also important to note that Rees-Mogg is a Conservative MP, and his views are likely to be influenced by his political ideology. He is a supporter of low taxes and deregulation, and he is critical of government spending. This is reflected in his monologue, where he argues that the UK government should cut expenditure in order to reduce its debt.

    While it is important for the UK government to reduce its debt, it is also important to invest in public services and infrastructure. Cutting expenditure too severely could damage the economy in the long run.

    Overall, Rees-Mogg's monologue is a mix of factual statements and opinions. It is important to be aware of his political ideology when evaluating his claims, and to separate the facts from the opinions.

    Inflation and interest rates are indeed high at the moment, but they are still much lower than they were in the 1970s. In the 1970s, inflation in the United Kingdom reached a peak of 24.2% in 1975. Interest rates were also very high, reaching a peak of 17% in 1979.

    In comparison, inflation in the United Kingdom is currently at 9.9% (as of August 2023). Interest rates are also relatively low.

    While the current levels of inflation and interest rates are still high, they are still much lower than they were in the 1970s. This suggests that inflation is under control, in the sense that it is not spiraling out of control as it did in the 1970s.

    However, it is important to note that the current situation is still fluid, and it is possible that inflation could rise further in the future. The Bank of England is currently forecasting that inflation will peak at around 13% in October 2023.

    The Bank of England is taking steps to try to bring inflation under control, including raising interest rates. It is hoped that these measures will be successful, and that inflation will start to fall in the coming months.

    In conclusion, inflation is under control compared to the 1970s, in the sense that it is not spiraling out of control. However, it is important to note that the current situation is still fluid, and it is possible that inflation could rise further in the future.

  3. @Beatlefan67

    December 20, 2023 at 2:16 pm

    Well whose fault is that then Moggy? Nothing to do with us!

  4. @robertallen591

    December 20, 2023 at 2:16 pm

    he has not a got a clue how money is created ,, money is a physical reperesentation of a debt, its created by banks, they simply conjur it into existance when a customer borrows it, because there assett is the debt, if you pay down debt theres less money in peoples pockets creating a reccesion, and given the current weekness of the economy his ideas would collapse britain altogether

  5. @JN-om6rw

    December 20, 2023 at 2:16 pm

    What about the cheap food and clothes we were promised? and the sunny uplands – idiot

  6. @raymondduffy5723

    December 20, 2023 at 2:16 pm

    Brilliant article, Mr. Rees-Mogg, people need to understand the real situation.

  7. @christiannorris2025

    December 20, 2023 at 2:16 pm

    Ukraine need more guns and tanks to kill more Russians how dare you take about cutting borrowing we need to send atleast other 500 billion to save lives ..jokes
    It's the UK people money that you send without a second of thought for it's own people
    The UK needs the money spend on it's own crumbling country
    Before you move so many others in to make us a 3rd world country that we would never come e back from ..diversity is dividing us fact

  8. @tomm5228

    December 20, 2023 at 2:16 pm

    Sell channel 4, anti conservative, bonus

  9. @tobylerone4285

    December 20, 2023 at 2:16 pm

    Then why have the tories tripled the national debt since they got into power?

  10. @carasdawr4752

    December 20, 2023 at 2:16 pm

    Perhaps Mr Sunak should think a little harder about decreasing the money he sends to the Ukrain, to Pakistan, to India, etc. The UK should not be treated like a charity for other countries.

  11. @SimonWeston-en6sk

    December 20, 2023 at 2:16 pm

    Well spaffing £10m a day on people that have no business being here doesn't help. These scrounging boat rats are getting a better life than the very people that are being forced to pay for them.

  12. @michaelelliott556

    December 20, 2023 at 2:16 pm

    We can afford to close tax loopholes the richest are using which this government allows we can close the gap between the richest and poorest

  13. @shadowbanned975

    December 20, 2023 at 2:16 pm

    Use the same Magic Money Tree used for all the Lockdowns Jacab.

  14. @laurasands8322

    December 20, 2023 at 2:16 pm

    How can Sunak send France half a billion pounds and Turkey three quarters of a billion pounds to build a railway, plus foreign aid, and eight million pounds a day to house illegal immigrants migrants plus their allowance, we're drowning in debt and Sunak is throwing money around like it's confetti.

  15. @tinaclarke5498

    December 20, 2023 at 2:16 pm

    Everything can be fixed if we had intelligent british leaders who are looking out for british people and not immigrant staff hell bent on ruining us.

  16. @captainbuggernut9565

    December 20, 2023 at 2:16 pm

    Notice he talks about welfare, repeatedly. Most 'welfare' spending is actually pensions. People who have handed over their money for 50 years are now being classed as welfare. Its their money Jacob. This government are getting £100bn more in taxes since 2019. Other western economies have higher levels of debt. France getting on for 120% gdp. USA nearly 130%. Japan 250%. Yet they somehow manage. They deliver first class services. Back here in the UK and its let cut services, attack those on 'welfare'. Your government presided over this. You wanted tax cuts, can you flip flop anymore? I wonder what Mr Fox would say? You sh@gged the economy?😂

  17. @demetos5432

    December 20, 2023 at 2:16 pm

    So Jacob , you are part of the governing party that created all this mess for the last 12to13 years. So its YOUR FAULT the country has no money and yet again POLITICIANS RUIN anything they touch. DISGRACEFUL and not good enough MOGG.

  18. @elisekuby2009

    December 20, 2023 at 2:16 pm

    Oh…I fancy that you will need to borrow more, much more, to take care of all of the enriching folk that are invading all Western countries.

  19. @mrb8758

    December 20, 2023 at 2:16 pm

    Don't worry, it will all be over soon. The financial crash will start in the USA in 2025 and spread like a wild fire. And remember Jacob, you were part of the problem by supporting this fake Conservative Party (the Uni-party).

  20. @dexseesall9828

    December 20, 2023 at 2:16 pm

    Billions to Ukraine, billions to migrants, millions to anti science fringe groups like man made climate change and LGBTXYZ, billions in aid when there is no natural disaster. No accounting for money spent on nhs or anything else for that matter. How can we still be giving billions in international aid when WE are in so much dept and are borrowing to keep a proxy war in ukraine against russia going??

  21. @uncletomcobley6950

    December 20, 2023 at 2:16 pm

    Infinite money infinite diversity!!!!

  22. @terryjones6504

    December 20, 2023 at 2:16 pm

    Said it for years we are not a rich country, we are bankrupt. Time for Reform.

  23. @user-qy9rt9cy2b

    December 20, 2023 at 2:16 pm

    Cut the useless MPs wages let them live on a minimum wage no perks no free houses . If they were paid by worth they would be liveing on the streets because the wage would be zero

  24. @nicolass7102

    December 20, 2023 at 2:16 pm

    Brexit disaster

  25. @nicolass7102

    December 20, 2023 at 2:16 pm

    Brexit mess

  26. @matthewcook9404

    December 20, 2023 at 2:16 pm

    I’ll raise you £37 billion for the failed Test and Trace. 😂😂

  27. @whatif4942

    December 20, 2023 at 2:16 pm

    It IS a giant Ponzi scheme Jacob and you should know this! Fiat currency printed at the will of Govt was always going to go this way. It all started with the world getting off the gold standard. Our currencies are not backed by anything other than Govt say so…..absolutely worthless.

  28. @mrhead8175

    December 20, 2023 at 2:16 pm

    but money IS debt, global economies run on IOUs, problem is systemic, the money in your bank firstly, is not yours and secondly holds no value, just a portion of someone elses debt…..the creature from jekyll island has very long tentacles, what happens when something backed by nothing but faith, loses that faith?

  29. @marumaru6084

    December 20, 2023 at 2:16 pm

    Yet we keep bringing in millions of immigrants on low pay so they are not net tax payers this raises rent for everyone making the state worse off again due to housing benefits costs its madness!!!

  30. @jeromeh7985

    December 20, 2023 at 2:16 pm

    MPs are now allowed to have a daily tribune to advocate and push their agenda on TV channels is this a new rule?

  31. @jeromeh7985

    December 20, 2023 at 2:16 pm

    You need to compensate for the cost the Brexit added. Putting new redtapes with your imports and exports with your 30+ closest neighbours and Liz insane mini budget damages in addition to the Covid crisis and war in Ukraine consequences. Two owngoals in addition to common challenges we all face have consequences.

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Business UK

Andy Burnham reacts to DEVASTATING Stourbridge fires as homes GUTTED: “Never seen anything like it”

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Andy Burnham has visited families in Stourbridge after seeing the scenes of houses devastated by fires.

The Prime Minister outlined his plans to support those affected by the destruction, as he issued a temporary ban on the sale of disposable barbecue.

The ban comes into force today.

Speaking about the fires in Stourbridge, he said: “I’ve never seen anything like it. I mean, I dealt with wildfires in Greater Manchester, but nothing on this scale. I’ve never seen scenes like this in Britain, where you just see a whole house gutted, smouldering.

“And I met one of the families whose house had gone up in that in that way, so you can imagine how distressing that is for for them, and you feel for them and their kids, and not to go elsewhere.

“You know, it’s just unbelievably devastating for people in this in this position. So that’s why I’m here. I just wanted to show that, you know, we’re on the ground.

“We understand how difficult this is for everybody, and we will put in place the support to help people get back to where they should be as soon as possible.”

#AndyBurnham #Stourbridge #uknews #GBNews

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We now live in GASLIT BRITAIN

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Mark Littlewood says “we now live in gaslit Britain” after it emerged the Home Office published a guide for illegal migrants on how “not to rape women”.

It is just one of the resources available in a collection titled: “Understanding behaviours and expectations in the UK: a guide for asylum seekers”.

Posters and information on rape, the age of consent and child abuse are among the guides to help asylum seekers “understand what is expected when living in the UK”.

The guidance highlights child rape is illegal “even if they look older” or if “it is allowed in another country”.

Speaking to Patrick Christys on GB News, political commentator Mark Littlewood said: “This pamphlet is extraordinary. And the reason I find it so extraordinary and disturbing is if you need that pamphlet, I don’t want you anywhere near my country.”

A Home Office spokesperson told GB News: “We expect everyone who comes to the UK to abide by our laws.

“If they do not, they will face consequences, including the refusal of their asylum claim and removal from the UK.

“Returns of failed asylum seekers have reached their highest level since 2010 under this Government.”

#MigrantCrisis #news #ukpolitics #uknews #GBNews

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British burqa ban? GB News guest urges UK to follow Portugal

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Tiffany Marie Brannon has urged Britain to introduce a burqa ban after Portugal did so.

Portugal has banned face-coverings in public in a measure widely seen as a “burka law” targeting Muslim women.

President António José Seguro signed into law a bill that originated with the hard right-wing Chega party.

The policy was adopted by Lisbon in July with votes from the right-wing governing coalition and the hard right, while left-wing parties voted against it.

Speaking on The Late Show Live on GB News, Tiffany Marie Brannon argued that the issue raises wider questions about integration, cultural identity and the role of religious dress in British public life, as the debate over face coverings continues to divide opinion.

#Burka #Burqa #society #GBNews

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‘Are we certain the NHS is the best? Because I’m not at all sure it is’ says Mark Littlewood

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Watch on TV: Freeview 236, Sky 515, Virgin 626 Listen on DAB+ Radio Download the GB News App to watch live wherever you …

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‘How DARE Labour hide the truth!’ | Patrick Christys RAGES at Gov over migrant crime stats refusal

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Go to https://piavpn.com/GBNews to get 86% off Private Internet Access! #ad

Patrick Christys reacts angrily to the government’s refusal to release data on crimes committed by migrants, calling the situation “a huge scandal” and demanding greater transparency. He argues that if there is nothing to hide, the government should release the figures and allow the public to see the full picture for themselves.

Christys questions why Labour has failed to publish the data, suggesting that the figures could be politically damaging for the government. He accuses ministers of covering up the scale of migrant crime and draws comparisons with previous controversies over the handling of serious crimes and allegations.

Former Tory adviser James Price also weighs in on the government’s refusal to release the statistics, arguing that officials may know the figures will make for uncomfortable reading.

#migrants #massmigration #crimestats

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