Black Monday anyone? The tories should be in jail

[Upthebracket22]

The pound is now at its lowest point against the dollar since decimalisation in 1971 at 1.03. It’s probably going lower and the Bank of England will likely need to step in with an emergency interest rate rise today. Black Monday possibly?

All because of the mini budget on Friday. The Tories should be in jail. Especially if their rich backers were shorting the pound as it appears to get rich.

As much as people are accusing anyone mentioning labour of being a tori apologist, the reality is that labour have done nothing to make themselves electable.

It’s a fact that many people didn’t vote labour in the last election because of Corbin, and while many of those won’t have voted tori either, if the votes don’t go to labour, then the tories will get in by default because labour haven’t gained the votes that the tories lost.

I didn’t vote for either of them. But Keir Starmer has spent the last 3 years sniping at the tori government “you shouldn’t be doing this, x politician is a <insert insult of choice>” but nowhere has he stated what Labour would do, so with no concrete policies what is it people are voting for?

And then we have the people on here who claim they won’t vote labour because of their policies on women. So which is it then? If you want the toriesout then you’re going to have to put your money where your mouth is and decide which is worse. Politicians who put their own interests above yours? Or politicians who have views on transgender which you don’t agree with.

Those posts should be deleted.

They will and have the app only challenger banks offer the best rates at the moment.

Bring back Phillip Hammond and Theresa May
They won't though :(

@Quincythequince which part of my ridiculous maths are you taking exception to exactly ?

how many days per month do you personally have staff into the house ? We have sizeable land surrounding our property and 12 days a year is more than sufficient.
as for Nanny‘s we paid as minimum wage outside of London had four children, didn’t keep the same one for two years because obviously you don’t want them getting employment rights to you. A total of six years requiring that level of childcare and we are an exceptionally large family, most people have two children.

They were blaming Corbyn for the fact we now have a Tory government as he was never going to be electable

Stop rewriting history. Corbyn almost won in 2017 and probably would have won if his own party hadn't been campaigning against him.

You are perfectly free to not like Corbyn but don't spread myths. Someone who achieves a 9.6% swing getting 40% of the vote for his party patently is electable.

Ethically it is indeed appalling.
I have seen and heard the name Patrick Minford before, and am aware that he LTs main economic advisors, and
was also for Thatcher.

Is he the only one with anything positive to say about this. I mean he even wrote a litttle piece in the MoS saying ‘the package represents an excellent first step towards a new era of free trade, deregulation and tax reform’.

I am no economist but he can’t be the only one with this train of thought surely?
Or maybe he is.

I don't know where you're looking, butas you wrote that it was 1.08 USD to 1GBP

They are doing. You just have to be prepared to leave you current bank and move elsewhere. Some of the big banks have been very quick to put up mortgage rates but haven't moved at all on savings.

Seriously? You really believe that?

There are some truly bonkers arguments on this thread. The idea that we will all be saved by the super rich employing more cleaners and gardeners. Meanwhile all those middle earners with mortgages, food and fuel bills going up will be letting go of their cleaners, gardeners, meals out, coffees etc etc, and those that earn the least, or can't earn and rely on benefits will be struggling to pay for the very basics. I can't see how trickle down economics are going to feed them or keep them warm this winter.

People gladly voted for Brexit AND accepted furlough payments for more than 6 months - why not pay it back? A lot of this is due to those loans . . .
They were happy and I remember at one time people were praising Rishi for getting them out of it - and he was being hailed as the next PM and now?

This is what Brexit was for. It's disaster capitalism and they want to smash the country up so they can reshape it how they want. And make a fortune in the meantime. If they can't sort out their own mess, they'll still have made a mint and can just waltz off and leave the mess for Labour to sort.

All that pesky EU redtape people were so keen to cut was protection for employment rights, the environment, fair markets etc.

As an aside to the main thread I was surprised to have a You Gov poll in my email on Theresa May very recently.

Does anyone else suspect @AuntSalli is Jacob Rees Mogg ? I mean he does have a look of her

By all means debate the rights and wrongs of policy.

I don't agree with much of this but the use of 'tory scum' and the f word dehumanises all of this which is dangerous.

How quickly we have forgotten David Amess

Indeed if you took the over 65 vote out of the equation (cue outrage!) he would have won by a landslide. The children are our future.

Strip out the pesky, costly 'red tape' (workers rights, environmental protection), a slab of spending vanishes and, voila 'growth'!

Those blaming Corbyn for this mess, if he'd won and we had a coalition government, do you really, genuinely think it would be worse than the damage the Tories have done?

Would love to hear what Rishi Sunak has to say about current situation - he is keeping very quiet!

AND accepted furlough payments for more than 6 months - why not pay it back? A lot of this is due to those loans . . .

Debt as a percentage of GDP was 78% prior to Covid, now at 96%. How does borrowing even more money and cutting taxes pay those loans back ?

If we so desperately need growth, Why doesn't the government try driving growth itself by investing what it borrowed directly, rather than cut taxes to try to encourage others to invest? With interest rates going up the rich will prefer to keep their money in the bank. Where's their incentive to invest it? Far better to boost growth from below by making sure people have some money to spend, than to hand money to the rich and let them hoard it.

Who said that?

on a gentler note was listening to a Labour MP say she would not try for leadership if it were ever a possibility due to abuse

I also have four kids and have used, although no longer need nannies.

And I’m not sure where you’re going with this really, but I too have a sizeable plot of land which requires a gardener and other skilled trades and an average of one day a month over a year, is nowhere near sufficient.

Clearly we do things very differently.

Just to be clear, I am no Tory and think the cuts are ridiculous, but the opposing narrative and the scenarios and maths within are often deeply exaggerated and don’t help provide a balanced view.

I can’t remember the specifics of what you said, but will go back and look and explain if you wish.