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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Donald Trump hails “extremely positive and productive conversations” with China as the President speaks at a state banquet with the Chinese President Xi Jinping in Beijing.
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Watch as Will Kensington expresses concern about the state of the UK, arguing that Downing Street is no longer a place of power but has instead become Britain’s most expensive Airbnb.
This comes as Andy Burnham is set to become the UK’s seventh Prime Minister in a decade, with seemingly no one challenging the “King of the North” for the country’s top job.
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Business UK
Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
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‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
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France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
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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???