Any Labour supporters just so…

Yes, that’s why I posted it.

Starmer is compelled to lurch to the right on welfare and immigration - not because he wants to, but because of Reform.

And yet, such a move could tear Labour apart.

Do you reckon?

Oh I dunno.

Labour have really fucked up within just over a year - and without a pandemic or referendum to deal with.

14 years of Labour and the UK would cease to exist.

So, Rayner really is the gift that keeps on giving…

Many of us did say she has skeletons.

I had two points picking up from your posts:

1. Government borrowing costs are higher now than after Truss’s budget.
2. Yields did go down again after Truss’s budget.

Its not casting aspersions on your intelligence to challenge false claims, I think you are casting aspersions on other peoples intelligence by posting false information that is so easily fact checked and then copying and pasting unrelated information when challenged,

I was responding to your post, what’s yours - apart from casting aspersions on my intelligence?

UK seems shite under Tory & Labour 🤷‍♀️

Yes they are. Can I ask what exactly is your point?

I know it's for historical reasons but the Unions funding is such a massive conflict of interest when the first thing Labour do in office is cave in to their funders. Same accusation the left aim to big business and the Conservatives. It's all a racket.

Well Unite aren't happy with Labour "Anger at Labour ministers from inside Unite’s ranks was high, she said, bringing the union close to cutting off party funds"

www.theguardian.com/politics/2025/sep/06/unite-sharon-graham-labour-has-one-year-to-get-it-right-farage-starmer

From the Telegraph..

The yield on 30-year UK gilts – a benchmark for the cost of servicing the national debt – jumped as much as nine basis points to 5.63pc on Tuesday, close to a 27-year high.

This reflected the biggest daily increase of any major global economy, as economists warned that Britain was paying a “moron premium” on its debt – a phenomenon whereby investors charge countries more to borrow because of previous policy missteps.

Those things are inseparably entwined. Tell the authors of the articles quoted they don’t understand. 🤷‍♀️

Going by your comments, you seem to be confusing mortgage rates, government borrowing costs, swap rates and BOE interest rates. Is your point that mortgage rates went up after Truss’s budget and haven’t with Rachel in charge?

You really don’t - it’s abundantly clear, sorry.

As to Rayner, she has now been banished to the back benches, of course. I believe that there is more to come from her rather messy private life, too.

Incidentally, what’s your view on Labour’s plan to move asylum seekers into military barracks? (An estimated 1,000 people arrived on Saturday by small boat - let those numbers sink in for a moment…)

@Blossomtoes Two-year and five-year government loans have a direct influence on fixed-rate mortgages of the same time frame. The mortgage market reacted in real time to the UK-specific sudden crisis. So far, this year, the cost of mortgages has continued to fall.^
You and I can borrow money long term at a lower rate than can the Government.
How common is it that this happens and is the current difference common do you know?

No one expected the new Government to solve all our problems quickly. We were though entitled to a detailed plan of how they would go about their work. They have not provided that.
Immigration: Stop The Boats! Smash the Gangs!
The Economy and business: Growth, Growth Growth.
These are massive failures whoever analyses them. We are already having to pay for those failures in higher tax and higher Cost of Living. The Tory Government had reduced inflation but in the last 12 months it has nearly doubled. The Cost of that trickles down to affect us. All of us, at least those of us who are not in one of the Unions that have had selectively generous settlements. They are ahead.

Next Year there will be elections in Wales and Scotland. A detailed plan of how Labour will make life better for us would have helped their chances in those elections. There isn't one. The predictions are that their will not be decisive results in either election. A narrow victory like Brexit leaving a substantial and determined part of the population severely disappointed and attacking every decision.
If that result is a loss for Labour in both It will be very hard for Labour to last the full term. Nigel Farage's prediction of a Gen Election in '27 might come true.

Rearranging the seats round the Cabinet Table nor another election will promote confidence, encourage growth or strengthen our military. We need decisive action. Just at the moment I don't care who or which Party provides that for four years. Just that somebody is willing to lead us.

I comprehend it perfectly. The lack of understanding is purely on your side because it doesn’t fit your narrative.

I don’t think you fully comprehend what you keep pasting,

No I didn’t mean you! I mean the obvious Tories on the thread, which is directed at disappointed Labour voters.

This explains why 2022 was worse. Also from the BBC.

There are two critical differences to what happened, for example, at the infamous mini-Budget of three years ago.

^Firstly the rise in yields at that point was more rapid. Secondly, back in 2022 UK government debt across a series of time frames (known as maturities) was affected.
Two-year and five-year government loans have a direct influence on fixed-rate mortgages of the same time frame. The mortgage market reacted in real time to the UK-specific sudden crisis. So far, this year, the cost of mortgages has continued to fall.^

The Truss gilt spike was extremely short-term and premised simply on unfunded tax cuts.

Whilst, globally yields have been blowing out, the UK is dependent of foreigners for a third of its issuance. So they ultimately set the price. And they see a country engaging in “Project France” - higher taxes, higher public spending (45%, Scotland is already 55%), higher inflation, higher deficits, more debt, more regulation on business and employment, inability to cut welfare, more political volatility & extremes. Not a great cocktail.

It’s not a massively appealing prospect to buy a 10y at 4.6% with inflation at 4% with the added currency costs and risks. The sums don’t add up as an investment. The market realises that a complete reset is needed for developed market long end yields and there is a step change move to a new level - countries like the UK which isn’t a reserve currency and who rely on foreigners to fund them are most exposed.

Yields of 8%+ are the norm for many EM countries - who often have a lot less debt, young growing populations and natural resources, granted inflation can run very hot, but again look at the UK and our inflation prints over the last few years.

Otherwise, your perception of rudeness is related to your lack of self-confidence in the subject matter in question, I suggest.

It was 5.59% on 2nd Sept

This is the current state of the Governmwnt. We are the laughing stock of the world.

This is from BBC on 02/09/2025:

This rate reached a 27-year high on Tuesday, which some argue is a verdict on economic mismanagement and fiscal credibility. The bond vigilantes are striking, and this is the ultimate harbinger of doom.