Business UK
Bank of England ‘should not be independent’ – US economist blasts Britain ‘pegging pound’ to Germans
US economist Dr Arthur Laffer says there should be no independence in central banks as ‘they are not elected by the people!’
#economy #finance #bankofengland #america #gbnamerica #gbnews
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Labour MP Dame Emily Thornberry has told Andy Burnham to rejoin the EU without a second referendum.
Mrs Thornberry, who chairs the Foreign Committee, insisted the EU was not a “sacred cow” and those wishing not to talk about striking a deal should “get over it”.
“Why shouldn’t we talk about it when the majority of people agree with me that Brexit was a disaster, and we ought to get back into the European Union,” she told Sky News.
Labour MP for Halesowen, Alex Ballinger, responds to Mrs Thornberry’s comments.
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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.
#donaldtrump #freespeech #riots #eu #protest #albania
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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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@erongi233
December 28, 2023 at 11:55 am
If the reason to make central banks independent of govt was to avoid govt control of the money supply near elections why does that not apply to fiscal policy to?
@anonymousone6075
December 28, 2023 at 11:55 am
Ofcourse it shouldn't then america can control it like the rest of our puppet government
@donaldlawrance2982
December 28, 2023 at 11:55 am
Aren’t all banks controlled by the Rothschild central banking system minus “enemy” states?!
@stonehengeminstrel
December 28, 2023 at 11:55 am
Dont be fooled by economists and their paymasters, the banks and Gov, tax is nothing but extortion facilitated by unjust laws and national debt and interest on that debt is yet another tier and mechanism of legal theft, inflicted upon the tax paying population.
@REX4340
December 28, 2023 at 11:55 am
Central banks being responsible for inflation targets makes zero sense.
@michaelogrady1002
December 28, 2023 at 11:55 am
This guy needs to check his facts.When Ireland joined the Euro in 2002 the inflation rate was 4.61%,in 2003 it was 3.49% ,in 2004 it was 2.4%.,in 2005 it was 2.43 and in 2006 it was 3.93%.The Irish Government reduced corporation tax in 1998 from 40% 5o 12.5% before Ireland joined the Euro.Personal income tax rates are on lower incomes 20% and higher incomes 40%.with regard to the US in the first term of the Reagan Administration the inflation rates were in 1981 was 10.32% ,in 1982 was 6.16% ,in 1983 was 3.21% and in 1984 was 4.32%.
@happyapple4269
December 28, 2023 at 11:55 am
No shit. He has just figured this out now? Ffs.
@lorenzbroll4008
December 28, 2023 at 11:55 am
Yep – let 'em be controlled by the politicians so they can print as much money as they want. This guy is a loonie.
@davidbrandie6410
December 28, 2023 at 11:55 am
US economists should not be interfering with a sovereign state .
@cheds1
December 28, 2023 at 11:55 am
Mogg will know who he works for. The central banks.
@arnolddalby5552
December 28, 2023 at 11:55 am
Bank of England should be in the Gold mining business and produce gold to inflate the money supply. Look, we need a fractional reserve credit system which means when you put £100 in the bank you get the £900 credited to your account as the fractional reserve not the bankers.
@redacted629
December 28, 2023 at 11:55 am
The failed experiment of central banks and the financial sector would be laughable if not for the divisions, poverty, enslavement and outright corruption.
@user-du8kd3sn8n
December 28, 2023 at 11:55 am
Better to be independent if the righties have power. Some checks on their nonsense ideology.
@jonsnow6741
December 28, 2023 at 11:55 am
America wants us shut up and at the back of the class in the EU .
@robertjones8644
December 28, 2023 at 11:55 am
Banks have far too much control ,but when need bailing ask the public to pay for their mistakes and uncontrolled bonuses
@janpetersen7440
December 28, 2023 at 11:55 am
Where I live, the national bank is also free and independent. The interaction between it and the politicians (the government) seems fine. Both parties take each other seriously.
@user-gd1yg6le1h
December 28, 2023 at 11:55 am
The Bank of England was not good in day it was not independent, it down to bad governance which mugg is part of
@SeanBooth-db7zt
December 28, 2023 at 11:55 am
Going to Heaven is easy!
First, you must realize that the punishment for committing even one sin, unless you are forgiven, is eternity in hell. To be saved from hell and forgiven of all sin, believe that the Son of God, Jesus Christ, died on the cross for your sins, was buried, and rose again (1 Cor 15:1-4). When you believe that Christ’s atoning work paid for all your sins and when you make Jesus your only hope of going to Heaven, you are forgiven of all sin by God and forever saved from hell. Warning: None of our good deeds can get us into Heaven. If we trust in our own works to get us to Heaven instead of Christ’s atonement, we will not be allowed in. The Bible says “Not by works of righteousness which we have done, but according to his mercy he saved us, by the washing of regeneration, and renewing of the Holy Ghost” (Titus 3:5). In conclusion, just believe that all your sins are paid for by Jesus’ atoning work and make Christ your only hope of going to Heaven.
Jesus says “Verily, verily, I say unto you, He that believeth on me hath everlasting life.” John 6:47