AIBU in thinking JC should resign?

[QuiteLikely5]

He's made a mockery of the Labour Party and won votes by creating a manifesto that the country could not afford to deliver!!!

Resign JC !!!

Pretty sure the businesses tgatcare buying their raw materials have stated a DIRECT causation with Brexit. This is only just starting to be passed down and shortly we will see more increase in food prices etc. And that's before the pull out of EU subsidies to farming

Hold on to your wallets. We are in for a bumpy one way ride

But he should have seen it coming and taken steps before he did

Loads of people were saying it was like a bomb about to explode in the months and couple of years before it did. I remember numerous posters saying it on internet forums. On moneysavingexpert, there was a guy, I think he was called Pete111 who had been warning of a crash for a long time and turned out remarkably correct. Vince Cable wasn't the only politician to foresee it either. It was a car crash waiting to happen and lots of people knew it. The "hope" was that there'd be a soft landing rather than a crash, i.e. there'd be some kind of time period during which corrections could be made. Unfortunately, Gordon Brown's economic miracle was also unfolding as the deficit was growing even before the crash due to his over-spending.

oh how we laughed when we mused about events almost 10 years hence but ignore the cliff we just fell off

The UKs need for financial austerity is because Labour spent their way through a boom. They got hooked to cheap credit.

They then were totally fucked when the economy tanked. The economy tanked because of our own lending rules, not American ones. The loans were a result of the legislation brought in forcing banks to lend to low income and poor credit people. They had never done this before for a damn good reason.

The worst part of the crisis was Lloyds and Bank of America being forced to acquire crappy debt ridden banks. Bank of America were able to ride the storm but their share price went down to $6, and they were basically bankrupt for about 6 months.

I think we are due for another correction. Here in the US I've seen the start. I know so many people who have lost their jobs in the past 3 months. Not just from finance but from professional services and pharma.

Inflation has been historically very very low for years. We are nowhere near the 1970s 20% inflation. 2.9% is very very low historically.

Inflation is risky for people and erodes their savings and I am not a fan but for some people it can mean pay rises and if they already have a flat their mortgage in a sense becomes less, wages go up, they can move up the housing ladder etc. It is not necessarily always a bad thing but if you don't get the pay rises it is. Given we have extremely good figures for employment at present - much better than in the past although not quite worker shortages (and some parts of the country remain depressed) we might find wages rise too. We shall see.