Any Labour supporters just so…

Nope, I’m sure it was an honest mistake though,

Really? It was 4.47% in September 2024, it’s now 5.52%. It hit 5.22% after Truss.

I just did. 🤷‍♀️

UK is paying that thanks to Truss

Can you remind be what the 30 year gilt yield is currently and what it was after Truss please.

Very slightly higher than when they spiked after Truss and never went down.

It’s about the moron premium l. I’d have thought that was self evident from the post above it. It doesn’t really need any comment but if you’re in need of an explanation it shows that the UK is paying that thanks to Truss and Farage would only make it worse.

It really amuses me how rude some people feel entitled to be.

People will never learn socialism doesn’t work, because in a democracy everyone has an equal vote and unfortunately the majority of people think they are owed something and deserve more - but they don’t want to do the hard work to get it. Most people take more than they give. So it cannot be fair/ equal because there simply isn’t enough to go around.

You are simply cutting and pasting, without comprehension, or context.

I just don't know why they aren't smarter in their comms to get ahead of Farage and get some positive messaging out! We all know August is a slow news month but where was the comms strategy? They completely handed the headlines to Reform and look what happened.
I'm a Labour supporter but they're testing me....

response from the bond markets: the UK’s long-term borrowing costs jumped to a level not seen in nearly 30 years

Can you remind me of the borrowing costs right now?

Britain paid the moron premium when Liz Truss briefly ran the country. The combination of £45 b n in unfunded tax cuts and unproven plans for growth drew a swift response from the bond markets: the UK’s long-term borrowing costs jumped to a level not seen in nearly 30 years, higher than the cost of borrowing in Italy. For the government, the Truss mini-budget added £10 b n in add itional debt service costs, according to the Resolution Foundation; for millions of homeowners, it led to higher costs of every sort of borrowing, including mortgages and credit cards.

With an arrogance spiced with victimhood and delusion, Truss has recently gone on to blame everyone but herself. The Bank of England, the Office for Budget Responsibility, the Financial Times, the Davos elite, Joe Biden – they all get a kicking. The markets may see her as a moron, she suggests she’s a lone voice of truth, an economic Messiah: “Just as they’ve tried to do with Trump,” she wrote in the Washington Post last month, “the naysayers pointed to short-term market reactions to bully policymakers out of securing long-term economic prosperity.”

But the biggest moron premium, relative to the size of the economy, would be paid in Britain under a Nigel Farage government if he stuck to current plans. These are: to nearly double the tax-free allowance to £20,000 at a cost of at least £56b n; to abolish inheritance tax on estates worth less than £2m ; and to ape Labour’s rethink on welfare by ending the two-child benefit cap and bringing back the winter fuel allowance. Farage says he would pay for this by scrapping net zero goals, diversity requirements and support for asylum seekers, and cutting government waste.

Apparently we are paying a "moron premium" on our debt which is the penalty imposed on the UK due to Rachel Reeves and Keir Starmer's terrible economic policies. So it costs us more to borrow.

Great.

It’s my personal opinion premised on what I see, not a Farage comment.

Did you foresee Rayner getting the boot? Nothing is off the table at the moment.

Here is the impact they've had on the economy. Plus:

https://www.theguardian.com/business/2025/sep/04/uk-businesses-cut-jobs-at-fastest-pace-in-four-years-over-summer-bank-of-england-finds

https://www.theguardian.com/business/2025/aug/05/services-sector-biggest-fall-orders-uk-three-years-interest-rate

https://www.theguardian.com/business/2025/jul/17/worse-for-hospitality-than-covid-bosses-blame-reeves-budget-for-uk-downturn

That’s what Farage is saying. More wishful thinking.

The budget should prove interesting.

Assuming there are no screw ups in the meantime,

I honestly do not see Labour lasting a full term.

This reshuffle feels like a last roll of the dice for KS.

I am disappointed at the own goal. Rayner’s housing situation is complicated - but all the more reason you’d get proper advice. I’m disappointed that Labour is being so cautious given their massive majority. But I’m curious in what way PPs think Labour have ‘wrecked the economy’. They did inherit a mess - deliberately made so by the Tories with unfunded tax cuts and a decade of cuts to public services. And then Trump’s tariffs and insisting Europe pay 5% of GDP etc for defence are not of Labour’s making and couldn’t have been predicted. But I wish they’d be more … visionary (and they definitely need better comms so let’s see what the new comms set-up does).

I’m as opposed to this incompetent, shoddy government as anyone. But it hasn’t imploded.

It might well implode by the end of the year. But at the moment it’s creaking and groaning but still just about intact.

You're right of course. Its wishful thinking to think that the government hasnt imploded. It's own members will prevent anything meaningful being done, such as a reduction in spending, to stop the coming economic collapse and the "non functioning Chancellor" doesn't know what else to do.

14 years waiting for power...

ok.

The government hasn’t imploded. That’s wishful thinking on your part.

I’m not disappointed. I fully expected them to be petty, vindictive, hypocritical and lacking basic understanding of human behaviour and economics. I am surprised they imploded this fast though.

Disappointed but not surprised at their inability to communicate to the public or their MPs.

Take PIP benefit as an example. I am physically disabled and understand the need for radical reform but their communication of what they planned to do was appalling and with the majority of their MPs looking to getting re-elected next time rather than think the current situation is not sustainable and support the cabinet. They have also made substantial changes to work visas and immigration but not communicated them well or properly explained why the UK can't afford to give out British citizenship after 5 years.

Seems to me they need to focus on communication.

Don't blame the right wing press for all their communication woes - there are often balanced articles and good / neutral comment pieces in the Times. Yes they all piled in on Raynor but that was a complete own goal.

Nottinghamshire County Council has banned journalists. They’re definitely taking lessons from Trump.