Business UK
Mini-budget: Economist says this period of inflation will ‘erode some of the UK’s debt away
Economist Andrew Lilico says the UK’s period of inflation will ‘erode some of the debt away’ after Kwasi Kwarteng’s mini budget announcement.
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Business UK
SHOCKING: Rioters BURN DOWN government buildings as anti-Trump protests spiral out of control
Student rioters have looted banks and trashed shops in protest against the Trump family’s alleged invovement in a luxury resort development in Albania.
On Wednesday rioters stormed government buildings and set fire to the Ministry of Education, Ministry of FInance and Ministry of Justice. Police used water cannons to disperse protesters.
Student riots flared after a summer of largely peaceful protest demanding the resignation of Tony Blair’s protege – Edi Rama. Those demonstrating claim the government is corrupt and has allowed the sale of protected land to Donald Trump’s son-in-law, Jared Kushner.
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Business UK
Energy CRISIS: BROKE Labour warned NOT to help Brits at Budget as fuel prices SOAR and markets panic
Justin Urquhart Stewart backs IMF calls for Labour to restrain public spending ahead of an energy price crunch, with gas prices set to rise by up to 25% and an ongoing global diesel supply crisis due to the Iran war and Houthi rebels.
While the British economy defied expectations and grew by 0.1% in August, Urquhart Stewart says the media must stop congratulating Labour on what is effectively a growth rate of zero.
Urquhart Stewart believes a brewing bond market crisis in France could spread to Britain, though a competent Chancellor may use a French crisis to position a more fiscally restrained Britain as a safehaven for investors.
#economy #energy #iran #donaldtrump #labour #Budget
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Warning to John Healey to ‘STOP BORROWING!’ | Shadow Chancellor tells GB News action is NEEDED
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‘You don’t get growth by putting up taxes.’
Shadow Chancellor of the Exchequer Andrew Griffith says action is needed on Britain’s borrowing levels and interest rates, as Conservative leader Kemi Badenoch has called for Labour to ‘stop borrowing’.
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@phily8716
December 31, 2023 at 11:09 pm
This plan relies on the rich putting the money they're saving back in the economy which we know they won't.
Truss said she didn't want to help people with money they have to pay back later. So what did she do? Borrowed a load of money to help the rich that people will have to pay back later. Nice one.
Either they're doing this to the country on purpose or they're really this incompetent. Either way they need to go before this country is completely ruined.
@stephenconway2468
December 31, 2023 at 11:09 pm
What happens is the yields will have to increase in order to have people buy Sterling. If we get hit with a credit rating reset, then we have made it more expensive to fund our debt. I would like to know when the next tranche of loans are due.
@d.jparer5184
December 31, 2023 at 11:09 pm
ONSHORE WIND??? We are doomed…
@neilhedley6080
December 31, 2023 at 11:09 pm
Brilliant budget I’m 10 K a year better off.
The Tories have come good
@peterdefreitas5936
December 31, 2023 at 11:09 pm
£5000.000 pound a day on Migrants. This Money could be used on us people here but not one word on this, l believe this government wants them all here. I will never give my vote to the Tory’s again.👊😡🇬🇧🇬🇧
@insuretec
December 31, 2023 at 11:09 pm
The rise in base rates is killing growth and plunging the treasury and homeowners into further debt. This so called economist should get out more.
@martingregory9881
December 31, 2023 at 11:09 pm
Yes and inflation always erodes ordinary peoples savings . Funny the 2008 so called credit crunch did not bother me so much but what is happening now is very concerning . We had two years of pandemic where bad economic and social decisions were made , we have had supply chain problems , we had the high price of fuel and the conflict in Ukraine which was basically the last straw but as we know several UK MPs have said it is a price worth paying until the end , I am glad they think so while people slowly get poorer and poorer . . I reckon the gov motto is borrow more more more .
@onmytravells9429
December 31, 2023 at 11:09 pm
Is this man living in student accommodation?
@davidburrows4801
December 31, 2023 at 11:09 pm
Billions of pounds looking after illegal immigrants ,billions sent to ukraine, etc , now foreigners traveling here get VAT spending in our cities.whos being had?
@gxhall
December 31, 2023 at 11:09 pm
Inflation will erode the savings and assets of the ordinary population
It will worsen our living conditions while the rich get richer
@stephfoxwell4620
December 31, 2023 at 11:09 pm
It erodes nothing. Just makes it appear less in relation to GDP.
We will still owe £2.6 trillion.
@andrewoliver8930
December 31, 2023 at 11:09 pm
It'll make poor people get more debt as fuel prices will rise due to a weak pound.
@idachau1080
December 31, 2023 at 11:09 pm
What happened to the pensioners pay rise??? Nothing was said about them???