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Is The IMF taking Over perhaps just what the country needs

530 replies

WaitingInForMyFoodShopping · 01/09/2025 08:55

Ok bear with me. This sounds like an idiotic thing to say because if the IMF are involved it means the country is officially in a mess and the IMF will slash spending and enforce their own budgets and rules. So anyone on benefits might lose them, NHS funding will likely go down, same for the police force etc

It just occurred to me today that the country is in a complete mess and there isn't really any end in sight.

Headlines today - I didn't read the detail but I am just getting more angry, helpless feeling and frustrated and want 'somebody' who has some balls to step in and say enough. Things change from today. Todays headlines are rising taxes, 1/10 high school kids on benefits, families of migrants can claim benefits from day 1 even if they don't speak english.

Now i will caveat this by saying the housing market does need sorted but lets be honest that's not what they are trying to do here - it's just about raising taxes. I also say there is another articles claiming ' a crackdown on bring families into Britain' - something that made me snort with derision giving the whole small boats/protests going on just now.

I mean lets just get to the point. Does ANYONE think RR/KS are able to fix this mess. I know they didn't cause it. I know they have been in office less than a year but if we give them another year are they able to fix it. I personally don't think so. It is going to need someone very tough to brave the mess and take it in hand (Maggie Thatcher where are you now).
So what are we left with - voting Reform - which I have joked about doing but i don't actually think that is the way to go. That's borne out of desperation. So who is going to fix it then.

AIBU to think a complete reset, painful as it will be by the IMF is just what the country needs?

House prices drop unexpectedly amid property tax fears - latest updates

The ‘ludicrous’ migrant family rule pushing councils to breaking point

One in 10 secondary schoolchildren on disability benefits

OP posts:
Thread gallery
19
Tryingtokeepgoing · 02/09/2025 13:23

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?

ThatWaryOchreQuoter · 02/09/2025 12:55

Goldenbear · 02/09/2025 12:46

The chicken run style propoganda or are you talking in riddles again?

You’ve veered off on a tangent I can’t follow again. Good chat.

Alexandra2001 · 02/09/2025 12:50

ThatWaryOchreQuoter · 02/09/2025 10:25

You’re projecting again because of the lense you view politics through. It’s really not a surprise that Labour found a black hole to justify heavy taxation and transfer more control to the state in line with their ideology, it’s not a surprise they then found another black hole to justify heavy taxation and transfer even more power to the state. There will be another black hole in January 2026 and another one found in June and this will continue for the next 4 years.

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.

GasPanic · 02/09/2025 12:49

News today.

BOE saying inflation will remain "above target" until 2027. Mind you BOE inflation forecasting is pretty woeful so I expect it to exceed that considerably.

Meanwhile the 30 year bond is at its highest level since 1998 according to the BBC. The 10 year is also close to a similar high.

The markets are watching Labour very closely to see how they deal with the 40 billion odd black hole they have currently spent themselves into.

Not much wriggle room.

Goldenbear · 02/09/2025 12:46

ThatWaryOchreQuoter · 02/09/2025 12:28

If you have any evidence of ukip being part of the Brexit process, I’m happy to have a look.

The chicken run style propoganda or are you talking in riddles again?

Goldenbear · 02/09/2025 12:42

placemats · 02/09/2025 12:28

'Bit of fun and no great strategy'. Sums up Reform perfectly.

Exactly and isn't it funny to see how the BBC reported news back then!

EasternStandard · 02/09/2025 12:39

An mn thread which supports Labour is no new thing but it’s not in line with public opinion, or even more relevant to what happens, the market view.

placemats · 02/09/2025 12:38

notimagain · 02/09/2025 12:29

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......

UKIP stepped down in the December election 2019 to facilitate Boris Johnson and helped to promote a Tory win. Once Brexit was 'an oven ready deal', UKIP rebranded to Reform UK and celebrated the leave. Farage was with Weatherspoons founder Tim Martin on the night.

Goldenbear · 02/09/2025 12:35

SerendipityJane · 02/09/2025 12:24

I wonder if this thread is turning out as expected ? Will we see a sequel with the OP shifted slightly ?

In the words of Eric Idle,
"When you are chewing on life's gristle,
Don't grumble, give a whistle.."

ThatWaryOchreQuoter · 02/09/2025 12:34

notimagain · 02/09/2025 12:29

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......

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.

EasternStandard · 02/09/2025 12:32

SerendipityJane · 02/09/2025 12:24

I wonder if this thread is turning out as expected ? Will we see a sequel with the OP shifted slightly ?

Why? Market reaction today to Labour is pretty much in line with op’s views.

notimagain · 02/09/2025 12:29

placemats · 02/09/2025 12:14

UKIP, or have you forgotten?

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......

ThatWaryOchreQuoter · 02/09/2025 12:28

SerendipityJane · 02/09/2025 12:18

Well he has.

If you have any evidence of ukip being part of the Brexit process, I’m happy to have a look.

placemats · 02/09/2025 12:28

Goldenbear · 02/09/2025 12:22

They were also behind the chicken run style cartoon, the one suggesting we were all prisoners of the EU!
https://www.bbc.co.uk/news/newsbeat-36575924

'Bit of fun and no great strategy'. Sums up Reform perfectly.

tuvamoodyson · 02/09/2025 12:24

Tryingtokeepgoing · 01/09/2025 12:12

I retired at 50 and am also one of the economically inactive. I don’t see a problem though as (a) I’ve paid plenty of tax in the past and (b) pay plenty more tax even in retirement.

Now, in part because of the government agressive targeting of those with money, from the next tax year my tax will be going elsewhere. But that was a foreseeable consequence so I assume they are happy with that. Indeed, during the election Kier said if people didn’t like it they should leave. Now, he was talking about membership of the Labour Party, but…

I also retired in my fifties! It’s fab!

SerendipityJane · 02/09/2025 12:24

I wonder if this thread is turning out as expected ? Will we see a sequel with the OP shifted slightly ?

placemats · 02/09/2025 12:19

ThatWaryOchreQuoter · 02/09/2025 12:17

UKIP weren’t involved in the Brexit process either

https://en.m.wikipedia.org/wiki/Breaking_Point_(UKIP_poster)

Lest we forget.

Breaking Point (UKIP poster) - Wikipedia

https://en.m.wikipedia.org/wiki/Breaking_Point_(UKIP_poster)

SerendipityJane · 02/09/2025 12:18

placemats · 02/09/2025 12:14

UKIP, or have you forgotten?

Well he has.

SerendipityJane · 02/09/2025 12:18

ThatWaryOchreQuoter · 02/09/2025 12:12

But even when the Tories were remain or when Labour were in, why didn’t we introduce id cards? I’ve never heard anyone satisfactorily explain that.

You mean it's almost as if the excuse of Brexit was being used as a cover for something else ?

It's a shame more people weren't allowed to didn't ask those questions during the referendum

ThatWaryOchreQuoter · 02/09/2025 12:17

placemats · 02/09/2025 12:14

UKIP, or have you forgotten?

UKIP weren’t involved in the Brexit process either

placemats · 02/09/2025 12:16

twistyizzy · 02/09/2025 11:40

Personal attack? Your bad

Edited

I'm crying.

placemats · 02/09/2025 12:14

ThatWaryOchreQuoter · 02/09/2025 11:50

Im agreeing with you on Brexit, but Farrage wasn’t part of the Brexit process.

UKIP, or have you forgotten?

ThatWaryOchreQuoter · 02/09/2025 12:12

SerendipityJane · 02/09/2025 12:08

Are you suggesting there was an agenda around Brexit ?

Never !

Never I tell you.

But even when the Tories were remain or when Labour were in, why didn’t we introduce id cards? I’ve never heard anyone satisfactorily explain that.

SerendipityJane · 02/09/2025 12:08

ThatWaryOchreQuoter · 02/09/2025 12:05

Yes he pressured the Tories into the referendum. I think it would have had to happen sooner or later anyway as the electorate were never consulted on that level of union and big decisions like that always comes back to get you eventually (it will also happen with mass migration and multiculturalism). The main thing about Brexit that I’ll never get my head around is why we just didn’t simply introduce ID cards and enforce existing EU rules around deporting after 3 months, benefits, no job etc? It would have rendered a lot the leave side arguments redundant

Are you suggesting there was an agenda around Brexit ?

Never !

Never I tell you.