Business UK
UK borrowing costs higher than Liz Truss’ premiership | Liam Halligan warns BoE to control inflation
‘The Bank of England has a real problem now to get its arms around inflation.’
GB News Economics & Business Editor Liam Halligan reacts to the UK borrowing costs rising about the levels of Liz Truss’ premiership.
#liamhalligan #inflation #ukeconomy #latestnews
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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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Nigel Farage doesn’t hold back in his GB News prime-time show. Hear his views and give your own in an action-packed hour of discussion and debate. Join Nigel as he takes on the big stories other media don’t want to touch.
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Go to https://piavpn.com/GBNews to get 86% off Private Internet Access! #ad ‘By the time we left office, unemployment was falling …
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Business UK
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’.
#budget #labour #economy #britishpolitics #gbnews
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@baconcrusader7476
December 18, 2023 at 8:05 am
Sorry rishi needs to fucking go NOW!
@raymondedwards8111
December 18, 2023 at 8:05 am
We knew what Liz truss was going to do, she said it so many times. She was stitched up by Sunak and his backers from overseas. First Boris then Liz truss. Now we are even worst off and with higher taxation.
How much longer are we going to go along being stitched up by the EU with Sunak calling the shots. The Tories should go to the country and will be surprised at Reforms rating.
Put Liz truss and her chancellor back, she will get it done, just like Margaret Thatcher.
@normalperson3451
December 18, 2023 at 8:05 am
When Truss’ mini budget happened the base rate was less than 2% but the mortgage rates went up over 6%. Due to the underlying mistrust the worlds financial markets had at that time.
Now mortgage rates are at a similar, or even slightly lower, level, but the base rate is much higher. You have to look at the spread.
Truss’ mini budget spooked the market.
@Qlair2632
December 18, 2023 at 8:05 am
What this “news” channel fails to recognise is the economic damage (mini budget, high borrowing, no growth strategy, brexit) the Tory government have caused is a direct reason for us having such high inflation. There’s not a lot the bank can do to respond to this economic suicide but it’s convenient for the gov to have the BoE to shift blame on
@LA-fr7fx
December 18, 2023 at 8:05 am
It’s not totally implausible that the squeeze for those with mortgages could actually be WORSE than in the 1990s.
@patriciaharding7040
December 18, 2023 at 8:05 am
SUNACK and HUNT ARE liers vote The Reform party
@Abraham_Tsfaye
December 18, 2023 at 8:05 am
When I was in UK. I saw empty boarded up streets under a constant grey sky, litter was everywhere. No one cared about anything. Homeless people sleeping in doorways. Opioid addicts out of their mind and women so drunk they defecated on the streets. It's a sad declined country
@coolhand1966
December 18, 2023 at 8:05 am
It's going to get a lot worse.
@Stand663
December 18, 2023 at 8:05 am
The problem with the US is when their in debt, their central bank, just prints more and more money. I think the US debt is 35 trillion. They don’t worry about it.
@davebellamy4867
December 18, 2023 at 8:05 am
Liam was about the only one on any mainstream TV news channel who ever talked any sense.
@davidshort2345
December 18, 2023 at 8:05 am
And what happens at that point? They will bail out banks again with our money, and they will own everything and we will own nothing. It's that simple! I can't understand how people don't understand the slavery path that we're walking on…
@Divalution
December 18, 2023 at 8:05 am
Interest rates can't be used as a measure to control inflation that spiked as a result of energy cost increases, raising the cost of everything that is produced and transported, these days. You have to reintroduce regulation of the energy Markets to prevent what happened from occurring again, in the future. The idiots at the BoE and the Government simply don't know what they are talking about, fact.
If you want to get a grip, now is the time to act and bring back full regulation of the Energy Markets, ending price speculation and breaking with the turmoil created by free markets on energy pricing.
Absolutely incredulous that they just don't have a clue. These two, for their sins have at least touched on one point, but are still a country mile from the root of the problem.
@jasonlomakin6722
December 18, 2023 at 8:05 am
Well, this is the end of home ownership then. The WEF were right when they said you will own nothing.
@ianmarsden8568
December 18, 2023 at 8:05 am
Is the Chairman of the BoE up to the job?
@ianmarsden8568
December 18, 2023 at 8:05 am
Difficult not to think there is something going on which does not add up.
@Sabhail_ar_Alba
December 18, 2023 at 8:05 am
FED chairman Powell said last September ' Central Banks must own the inflation problem' in a direct criticism of Andrew Bailey who refused to increase
interest rates despite having a far higher CPI rate than US and EU. Bailey's performance since his appointment has been lacklustre and inept in fact he was still pumping
£££m's in the form of QE – time to quietly retire him.
@mike747436
December 18, 2023 at 8:05 am
So, high yields on govt. bonds have a direct link to investor confidence in the govt. and by extension, the economy. There’s no getting away from the fact that investor confidence is declining. If this continues, what’s to stop a run on the pound if the markets scent blood. IMF bailout anyone?
@tonybroken6353
December 18, 2023 at 8:05 am
i think the panic in the press was mostly about the value of the pound falling which they all blamed on the mini-budget, the fact that the pound has been falling for years seemed to have been forgotten, obviously not a good thing when we import a lot of goods, I'm surprised inflation hasn't been higher before now. Liz truss was definitely stitched up though, if she'd had support of her MPs the Press would never had been able to topple her, it was all about the left wing press, even the labour party were pretty quiet at the time of the mini-budget, but sky, itv,bbc,ch4 it was like they all smelled blood and kept the "tanked the economy" thing going. In reality things are little different now but we have higher taxes, thanks Rishi ! thanks SKY NEWS!
@colinlawless5654
December 18, 2023 at 8:05 am
WEF didn't want Truss they decide who runs our country not the people. Did the people vote to be invaded by criminals and rapists no. But they did it anyway.
@grahamsclater9988
December 18, 2023 at 8:05 am
The decay is growing everywhere……….. And Roland's cronies are allowing it to happen……..
@irenekemah7392
December 18, 2023 at 8:05 am
Surprised he's even talking because Sunak's trying to fix the mess Boris and Liz left behind.
@simonwashbourne1574
December 18, 2023 at 8:05 am
Truss was stitched up
@robertallen591
December 18, 2023 at 8:05 am
britains debt insures we need imigration,we have shrinking endemic population and to simply make the debt paymants we need more people ,reality is a bitch
@kayhussain8468
December 18, 2023 at 8:05 am
We need over 20 percent interest for 10 years house prices needs Armageddon banks needs to die and consolidated into bigger banks
@KingKong187911
December 18, 2023 at 8:05 am
I’m alright Jack 😉😎🇬🇧
@jasonharvey9157
December 18, 2023 at 8:05 am
Please will the BRITISH PEOPLE wake up.
@aidan9196
December 18, 2023 at 8:05 am
Workers get paid what they are owed after years of stagnation. BoE says nope I'm taking that money back off you. Ridiculous inflation is reducing naturally with energy prices. All fixed to make us poor.
@timrichmond5226
December 18, 2023 at 8:05 am
Oh dear?! Well if the government thinks they can screw people out of their homes through miss management they'll be lynchings… No politician will be safe… A revolution on a scale not seen since King Charles the 1st and death to the aristocracy will be carried out worth with.
@johntaylor9899
December 18, 2023 at 8:05 am
The Government really is trashing the economy. Heads should roll, especially Sunak and Hunt.
@markgillett5679
December 18, 2023 at 8:05 am
EU IMF UK REMAIN EST fucked
truss government
They didn’t want us to boom with BREXIT