Is The IMF taking Over perhaps just what the country needs

Well it doesn't seem to have translated into economic dominance.

Suggesting that energy prices are merely part of the mix.

And there's no reason why the UK couldn't run on 100% nuclear energy at about 0.001p per kWh if we wanted. It's totally do-able as they say.

The IMF practically bank rolled the UK in the 1970's when Labour were in power, high inflation around 14 per cent and nearly 3 million without jobs. Three day weeks, lights off, rubbish not collected etc.

This is why and how Thatcher came.into power by the way.

All of these organisations whether it is the EU, the IMF and various Economic Summits Davio s,Are all really controlled by big business. energy companies and billionaires.

They have and still do pull all the strings.

Is now the time to mention that according to the press in France 30 year government bond yields have now reached 5.68%, almost 1% higher than the spike after the Truss mini disaster, I mean budget..?

Obviously the French are looking to distract from the dire situation they are in fiscally, but the gist of it is as follows:

“… GBP has fallen this morning, and the move is significant for the UK. The selloff of GBP reflects growing investor concerns about the UK governments fiscal position. Rising borrowing costs will make the chancellor's task even more difficult. Higher yields increase the cost of servicing government debt. This creates a vicious cycle where fiscal concerns drive up borrowing costs, which in turn worsen the fiscal position. The GBP is notably down Vs the Euro and US Dollar on the back of this move.”

Is there a risk that a falling pound means more imported inflation? With the inevitable pressure against further interest rate cuts?

Nope because i lived through the last 14 years and remember things in 2010 like A and B roads in a good state of repair, i could just about get an NHS dentist, there weren't 23 ambulances queuing outside my local AE as there were yesterday and every day, at all hospitals, my DD attended a motorcycle accident, rider very seriously injured, ambulance took 45mins, it was in the same fcking city.
Rubbish collected weekly, now 2 or 3 week collections.

Tax th increased most years.

All this changed over the cons terms in office, then they gave us Brexit, possibly the worst economic decision ever.

Thats the lens i view UK politics through.

Well it doesn't seem to have translated into economic dominance.

Suggesting that energy prices are merely part of the mix.

And there's no reason why the UK couldn't run on 100% nuclear energy at about 0.001p per kWh if we wanted. It's totally do-able as they say.

Indeed…and as energy is primarily driven by oil cost and is primarily priced in USD then that will be the one impacted most immediately I imagine. France must be very grateful for their cheap nuclear power!

Yes a weak pound will increase inflation

That was mostly caused by high energy costs, which were very much driven by the Ukrainian war. Inflation worldwide went up.

Also a lesson that politicians like to tell us they can control things (e.g inflation) but events often totally override them

I wondered because during much of the super high inflation we saw under the Tories, we had a stronger currency.
Yet when inflation was low in the 2010s, £ at times was weak against the euro, 1.10 ish, but also reached v high levels, up to 1.40....

Broadly yes. Strong pound makes imports cheaper. Will also lower energy costs (if strong vs the dollar) as many raw materials priced in US$.

However a strong pound can hurt exports. And won't lower inflation if it is caused by internal pressures (e.g. supply constraints)

Yes, they weren’t involved at all. I think it would have been a worse outcome if they were, but its disingenuous to say Farrage was involved in the negotiations.

A strong pound lowers inflation?

I think it's really unfair to judge the Tories on what happened on their watch.

Nope because i lived through the last 14 years and remember things in 2010 like A and B roads in a good state of repair, i could just about get an NHS dentist, there weren't 23 ambulances queuing outside my local AE as there were yesterday and every day, at all hospitals, my DD attended a motorcycle accident, rider very seriously injured, ambulance took 45mins, it was in the same fcking city.
Rubbish collected weekly, now 2 or 3 week collections.

Tax th increased most years.

All this changed over the cons terms in office, then they gave us Brexit, possibly the worst economic decision ever.

Thats the lens i view UK politics through.

I suspect the point being made by some is UKIP et al, having facilitated the referendum result, were not involved in the negotiating process that led to actual Brexit itself

That allows their supporters to continue to claim they were betrayed in those negotiations and that as a result "we" didn't get the Brexit we voted for......

Are you going to tell me today’s news is
a) Tories fault
b) it’s good for the UK
c) it’s not happening, right wing press etc.

Have a look at this if you are interested in macro.

Set the range to 5 years (graph is the 10 year benchmark).

https://en.macromicro.me/collections/43/eu-market-relative/535/eu-10-years-bonds-yield-rate-countries-in-europe

You can see the Truss spike around Sept 22. It put on about 1% relative to the other EU bonds, then fell back to be pretty much consistent with what it was previously when she left.

The end of the period (post Sept 24) shows a significant uptick in borrowing costs that is sustained and still with us.

Interesting stuff.

A strong pound lowers inflation?

Yes a weak pound will increase inflation

Is now the time to mention that according to the press in France 30 year government bond yields have now reached 5.68%, almost 1% higher than the spike after the Truss mini disaster, I mean budget..?

Obviously the French are looking to distract from the dire situation they are in fiscally, but the gist of it is as follows:

“… GBP has fallen this morning, and the move is significant for the UK. The selloff of GBP reflects growing investor concerns about the UK governments fiscal position. Rising borrowing costs will make the chancellor's task even more difficult. Higher yields increase the cost of servicing government debt. This creates a vicious cycle where fiscal concerns drive up borrowing costs, which in turn worsen the fiscal position. The GBP is notably down Vs the Euro and US Dollar on the back of this move.”

Is there a risk that a falling pound means more imported inflation? With the inevitable pressure against further interest rate cuts?

Is now the time to mention that according to the press in France 30 year government bond yields have now reached 5.68%, almost 1% higher than the spike after the Truss mini disaster, I mean budget..?

Obviously the French are looking to distract from the dire situation they are in fiscally, but the gist of it is as follows:

“… GBP has fallen this morning, and the move is significant for the UK. The selloff of GBP reflects growing investor concerns about the UK governments fiscal position. Rising borrowing costs will make the chancellor's task even more difficult. Higher yields increase the cost of servicing government debt. This creates a vicious cycle where fiscal concerns drive up borrowing costs, which in turn worsen the fiscal position. The GBP is notably down Vs the Euro and US Dollar on the back of this move.”

Is there a risk that a falling pound means more imported inflation? With the inevitable pressure against further interest rate cuts?