Labour isn't working - Thread 6

[TheNuthatch]

A chat thread for those who don't like this Labour government. Labour isn't working.

The problem with socialism is that you eventually run out of other people's money.

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That’s Reeves maths, then.

And if you question the 3,567 in / zero out, you’re automatically a wacist, aren’t you?

I’m looking at the shuffling of economists into number 10, (which papers say
is weakening Reeves) and all of them were involved before, so I’m wondering exactly how that’s going to improve anything?

I don’t see anybody there with significant private sector experience for growing anything…

It does smack of the same old strategy of them thinking the ‘real’ problem is getting their message across and not debt and growth.

Anyone watch breakfast TV this mornings with Susanna Reid giving Kevin Maguire short shrift when he started on saying Rylan Clarke is a racist about his comments last week.

Kevin was tying himself in knots with made up stats to try and argue the boat men (because it is men not people in general!) were the victims of racism from 1/10 of the British population. Susanna was having none of it. You could see her frustration at his refusal to step away from Comrade Starner’s side.

Ed Balls was trying to be diplomatic but didn’t wade in because obviously, with his wife being who she is, he’s on very sticky ground - impartial? Hardly!

It was so interesting to watch and made me think the tide has absolutely turned against the Labour Party and all they stand for.

Yes. You see it all the time from Labour supporters " they need to improve their comms" 🙄. No, they just need to stop wrecking the economy and screwing everything up! Then they wouldn't need comms.
The blame is always the message, not the actions.
Anyway will be fun to see the knots they tie themselves into around Cooper's announcement yesterday.
I also find it amusing that many of them attack Farage for saying he will take us out of ECHR, without them being aware that Jack Straw and David Blunkett are now saying that we should "de-couple" from it. Again, lots of knot tying usually ensues.

’We simply need to improve comms’ = OR stop trying to polish the proverbial t**d.

But then in another breath seemingly Starmer is good at comms.........said nobody sane, ever!

I suspect the autumn will be policy lite and heavy on fireside chats with our favourite fluffy cabinet ministers whilst the downward trajectory continues….

🤮

From Yougov ie public perceptions of the state of UK compared to this time last year

Of course. Funny how they swing on something they claim to care about so easily. All you (one) can do is wait for Labour support to plummet to level they’re out at next GE.

They’ll get some diehard supporters but not sure there’s enough, tg.

The shifting tide on how people expect Britain to change over the next 12 months really does mark a shift to hopelessness. When 60% of people are braced for a country in decline then it's bad news for the economy.

'Much betters' are just a gesture of a dark purple, everything else already adds up to 100.

I wonder if the 7%ers are now singing 'things can only get somewhat better' at the next party conference?

Yes, and they will try to refocus on the budget - addressing ‘wealth inequality’ etc. whilst drip feeding potential policy to the media.

I genuinely believe (and yes, hope), that if the budget proves to be the utter catastrophe I expect, it will prove the death knell for this wretched government.

Clearly, people across all political affiliations, are truly firked off with this lot - not one has any commercial acumen, not one has a bedside manner, not one has any human warmth or empathy.

A spiteful, incompetent, ideological bunch of morons.

Paul Johnson has left IFS for Oxford now but I saw him lambasting them on x for the leak and scare pre budget tactics, saying they should be quashing all this speculation as bad for growth…

Yep you sum them up well.

I’m fine with Labour resting on the ‘it’s our comms’ issue. They have so little understanding it’ll be the end of them.

People feel worse, and think it will get worse. Not the mood thst makes you think let’s buy new car; let’s take on more staff; lets go for that house extension; let’s invest in that start up; etc.

100%

Labour came in to government on a downer (who can forget). They’ve talked and legislated for this - defer, mitigate, emigrate is now the policy of many of us.

Yes, all of this. And these are the discussions going on in our home. It's really shifting the mode of operation from big plans to hunkering down.

Yes I in the last thread that my financial adviser has poured cold water on my plans, telling me to sit tight for the foreseeable.

It’s ironic, they wanted the voters to feel down on the conservatives- but it is really sticking to them. They will be associated with all this.

I think they misread the dynamics of the financial crash. They weren’t honest with themselves; they learned nothing and it has led them into a trap of their own making.

Sage.

Stay liquid - when this lot are out, there could be a meaningful relief rally.

Live.

UK gilts are blowing out again.

What more than yesterday?

Yes - the curve is currently up about 75 bps from open.

Bloody hell yes they are. This is just crazy town