Business UK
The Bank of England ostriches need to remove their heads from the sand | Jacob Rees-Mogg MP
‘It’s now time the ostriches of the Bank of England remove their heads from the sand, stop flapping about, and began to realise how serious the problem is.’
Jacob Rees-Mogg MP reacts to headline inflation remaining at 8.7% for May.
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The new Foreign Secretary Ed Miliband faces questions from members of parliament for the first time in the role.
#edmiliband #labour #parliament
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Business UK
Richard Tice claims he is “DEAD SERIOUS” after Labour call their housing plans “UNSERIOUS!”
‘If foreign nationals are to be evicted from social housing, where do you expect them to go?’ GB News’ Keith Bays asks Reform …
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Business UK
Burnham HUMILIATED as Israel brands UK ‘Islamic Republic of Britain’ and Trump eyes Falklands THREAT
Britain has been branded the ‘Islamic Republic of Britain’ by Israeli Prime Minister Benjamin Netanyahu after Labour threatened to sanction Israeli settlements on the West Bank. Donald Trump has also threatened to withdraw the US’s neutrality on Britain’s dispute with Argentina over the Falklands Islands in a humiliation to Andy Burnham.
#andyburnham #islam #immmigration #donaldtrump #gaza
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Andy Burnham takes aim at Brexit, Thatcherism and Britain’s economic record as he sets out his vision for the country in his first speech as Prime Minister. Burnham pays tribute to Keir Starmer and outlines his plans to deliver economic growth, promising “fiscal responsibility” while arguing that Britain has taken “a series of wrong turns” since the 1980s. He says Brexit “compounded the damage” and pledges to build a pro-business, innovation-led economy across the UK.
Burnham also addresses some of the major issues facing Britain, including the small boats crisis, prison early release and the privatisation of water companies and utilities. Drawing on his experience as Mayor of Manchester, the Prime Minister explains how his time in local government has shaped his approach to leading the country. He concludes by promising that Britain can “believe again” and “bring back hope” as he sets out his ambitions for the future.
Opposition Leader Kemi Badenoch wastes no time in challenging the new Prime Minister, mocking Burnham’s first day in office and warning that being Prime Minister is “a very different job” from being Mayor of Manchester. Badenoch grills him over defence spending, the small boats crisis, tax rises and his criticism of Thatcherism, accusing Burnham of wanting to take Britain “back to the 1970s”.
#andyburnham #kemibadenoch #primeminister
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“We saw 14 years of debt rising!”
Watch as Andy Burnham launches his scathing attack on the Tories and leader Kemi Badenoch as they discuss the ongoing debt issues surrounding the UK, as the Opposition Leader presses him on how he will sort defence spending.
Burnham insists borrowing has fallen to its lowest level in six years.
#UKPolitics #Labour #Burnham #KemiBadenoch #GBNews
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@robertallen591
January 21, 2024 at 7:37 pm
who can i blame, mogg
@soosoobear
January 21, 2024 at 7:37 pm
Moggy you are part of the problem , look at your own party's record , Truss flushed millions down the loo . Sunak is a waste of space .
@tonygyles7351
January 21, 2024 at 7:37 pm
Politicians use to resign in the past when they made mistakes. Now they just cover it up and lie.
Vote the lot of them out.
@davidwalsh387
January 21, 2024 at 7:37 pm
What we need in this country to get rid of net zero after covid government have been hell bent rushing to many issues first we need to get fracking drilling coal mines get the country back on it's feet and do one thing at a time we need to get economy healthy all this change is unsustainable people can't cope with drastic change
@SeeDeeSea
January 21, 2024 at 7:37 pm
Of course Moggy is right. If the government borrows more, then the perceived demand for borrowing increases and interest rates go up, eventually affecting Joe Bloggs.
@davidrobertson1810
January 21, 2024 at 7:37 pm
The lack of responsibility from our leaders is unfortunately not a surprise
@hannofranz7973
January 21, 2024 at 7:37 pm
Not to mention the import costs, costs of distribution and labour shortages due to Brexit. Food inflation is a direct result of Brexit.
@hholton7245
January 21, 2024 at 7:37 pm
In this present crisis, government is not the solution to our problem; government is the problem. (Ronald Reagan)
@nigelalanwood6781
January 21, 2024 at 7:37 pm
So long as we have enough to send to the Ukraine f all else matters.
@patriciaharding7040
January 21, 2024 at 7:37 pm
AND THIS government gives away OUR money to MIGRANTS the FRENCH and NOW TO the E.U. VOTE THE REFORM PARTY
@ianjohnson4753
January 21, 2024 at 7:37 pm
Out to lunch bailey has lost the plot
@ivermektin6874
January 21, 2024 at 7:37 pm
Tens of billions handed out to your friends under the guise of pandemic response though you redundant pencil.
@rohanharridge5579
January 21, 2024 at 7:37 pm
The US could restructure supply chains after covid, reducing their supply shock inflation.
The UK voluntarily buggered our supply chains up permanently during covid by Brexiting so our inflation is locked in until we reduce trade friction with our largest market again.
Your lot said Brexit would mean cheaper food.
@paulhurley635
January 21, 2024 at 7:37 pm
The Idiocy that is the ",
NET ZERO " Policy that that UK government is following is also a major cause of runaway inflation, they are destroying our base Energy producing plants making Enery ever more expensive which Manufacturers, Service providers , Transport and food suppliers then pass on those high energy costs to consumers thus raising inflation, ENERGY IS THE PROBLEM.
@kristoffscuba5466
January 21, 2024 at 7:37 pm
There are 3 factors, they are:
1. Money printing
2. Money printing
3. Money printing
@graemecarnegie7821
January 21, 2024 at 7:37 pm
It’s too late currency reset on it’s way! Cbdc implementation coming soon.
@colinmelling6369
January 21, 2024 at 7:37 pm
I would suggest that the government take back responsibility for the Bank of England decisions. However the Tory record of decision making since getting in power getting power is nothing but abysmal so the outcome would probably be the same.
@bmac3093
January 21, 2024 at 7:37 pm
The solution lies in not believing the lie that interest rate rises control inflation. There is no central bank study to support it.
Japan has zero rates since 2016 and has 3.7 % inflation
The Swiss are similarly placed in inflation with 1% rates
This is just a ruse to boost bank profits to push gdp up so (as pointless as that is as an indicator of a nations health ) so they don’t get recession jibes chucked at them ( which is counter productive given a drop would indicate a reduction redressing previous hikes due to the initially temporary price shocks from the Ukraine war.
@stitcheruk1150
January 21, 2024 at 7:37 pm
In the past year the UK had two months of higher increases than in the USA – possibly currency related. Once these months fall away in late 2023 out rate will drop – unless there are more price increase in the pipeline.
@DavidGetling
January 21, 2024 at 7:37 pm
By far the biggest of the causes are the lockdowns, which the REAL EXPERTS, like Oxford University's Sunetra Gupta, advised against right from the start. As for the Bank of England and interest rates, its behaviour on this makes me question its independence: they seem unwilling to upset the government. There should have been AT LEAST 0.5% interest rate rises, not pathetic piddling 0.25% rises. It's like giving at patient a quarter of the dose of a medicine, because the taste is unpleasant, and wondering why he isn't recovering.
@cyberlizardcouk
January 21, 2024 at 7:37 pm
i don't care what any of the economists say, we should return to a gold backed currency and await from the fiat currency whose value is no more than the plastic it is printed on.
@markreynolds224
January 21, 2024 at 7:37 pm
The blame falls on the 70,000 tory members who selected Liz Truss as PM? How much damage to the economy she and kwasi achieved in only a few days.
@Redpilled66
January 21, 2024 at 7:37 pm
Isn't this guy supposed to be working for his constituents instead of talking crap on a corporate news show?
@user-ew4hh6ic3j
January 21, 2024 at 7:37 pm
Don't take on lots of debt, this allways happens and allways will .
@clivehutt2709
January 21, 2024 at 7:37 pm
This would be funny if it wasn't coming from a guy who is in no small part responsible for this mess.
@section5760
January 21, 2024 at 7:37 pm
Stop the f…en dingy boats 🚤 from France would be a good start. 3 million a day. Stop giving foreign aid to other countries and think of your own should be the number one priority for any government in charge. And start deporting illegal migrants from this country. We are a island not a continent for god sake. 🏴🏴🇬🇧☝️
@Andrew-rc3vh
January 21, 2024 at 7:37 pm
Ostriches are lean and mean, not like fat cats. They can run at 40mph
@elkpaz560
January 21, 2024 at 7:37 pm
You're assuming that they actually want the British economy to flourish.
@japfourme381
January 21, 2024 at 7:37 pm
It’s the energy prices that need tackling, this government are doing nothing to stem future energy price increases, they need to be seen to be tough on energy pricing! It’s causing uncertainty in the markets!!
@christineross4155
January 21, 2024 at 7:37 pm
Net zero has had a massive impact on inflation.
The USA have maintained much lower energy costs due to fracked gas and oil reserves.
The Bank of England is part of the problem due to serious miscalculations regarding maintaining ridiculously low interest rates for far too long lulling people into a false sense of security which resulted in over borrowing. The bank then compounded this mistake by failing to raise interest rates when they should have.
Pathetic, irresponsible and dangerous and even harder to understand, still in charge.
@tropics8407
January 21, 2024 at 7:37 pm
What you need is populist politicians to stop the vote buying spending with money they do not have. And they are still shoveling the printed money out the door into bank accounts.
@forthyone
January 21, 2024 at 7:37 pm
ha ha ha
@billyf5591
January 21, 2024 at 7:37 pm
All this inflation and interest rate rises, fuel, food energy increases is all contrived. We, the taxpayer are paying back the covid money dished out and a failed brexit, oh, and I forgot Truss and Kwarteng who did their utmost to crash what is left of the UK economy. Why are these two not in jail??. Along with Johnson, Mogg, Cameron and most other Tory ministers. They should all be incarcerated on the grounds of public safety.
@DD-fc1rv
January 21, 2024 at 7:37 pm
His government has been in power for 13 years, and it still nothing to do with them! Bogg fans must be really stupid to fall for his deflection time after time. It's all because of bogg and his cronies that this country is on its arse. It really is that simple.
@imwithstupid00011
January 21, 2024 at 7:37 pm
Didn't know reesmogg was head storyteller of Jackanory these days?
@davidbaker5561
January 21, 2024 at 7:37 pm
Keeping interest rates close to zero was Tory Party policy after 2010.
It was necessary to counteract their failed “austerity” policies.
George Osborne said:
"Theory and evidence suggest that tight fiscal policy and loose monetary policy is the right macroeconomic mix to help rebalance an economy in the state I've just described”
"Maintaining low market interest rates is also crucial in an economy as indebted as the UK; it smoothes the process of deleveraging."
Tories like Jacob are the cause of our problems.
🙄
@martin-jj9pe
January 21, 2024 at 7:37 pm
He is 100%, we should not be giving Ukraine no money or weapons when are we going to stop giving money away to other countries and start to look after the British public
@craigjeffries8733
January 21, 2024 at 7:37 pm
nowt to do with qe then