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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

AIBU to think Rishi Sunak is actively trying to piss off the entire country?

261 replies

Locutus2000 · 25/06/2023 15:06

Or does he genuinely not get it?

Every time he speaks he seems further detached from reality. His interview today was insanely out of touch.

Got a mortgage? Stuffed

Work in the public sector? Stuffed.

Rent your home? Stuffed

Live in a small town? Stuffed

Supported Brexit? Disaster

Not to mention the Johnson honours scandal and Liz Truss.

AIBU to think the only people happy are his fellow super rich?

Couple looking at bills

Rishi Sunak urges people to hold their nerve on interest rates

The prime minister continues to back the Bank of England as mortgage pressure rises for homeowners.

https://www.bbc.co.uk/news/business-66012301

OP posts:
Badbadbunny · 26/06/2023 14:58

TooBigForMyBoots · 26/06/2023 14:17

Oh and the country has already been pretty much bankrupted. Due to very poor decisions made Tory leaders followed by Trussterfuck Economics.

We're in the shit because of the Tories.

After Brown/Blair, we were in the shit BEFORE the Tories - they've just dug us even deeper in it.

Blossomtoes · 26/06/2023 15:02

Badbadbunny · 26/06/2023 14:58

After Brown/Blair, we were in the shit BEFORE the Tories - they've just dug us even deeper in it.

The shit that was caused by a global recession which, thanks to Brown’s fiscal astuteness, was weathered far better than the Tories could have dreamed of.

Quiverer · 26/06/2023 15:28

Emotionalstorm · 26/06/2023 14:07

I am classified as disabled thank you very much.

Are you less well-off? Do you feel that support you need in order to function should be optional?

Quiverer · 26/06/2023 15:30

Badbadbunny · 26/06/2023 14:58

After Brown/Blair, we were in the shit BEFORE the Tories - they've just dug us even deeper in it.

The Tories got into power, and kept it, because of all sorts of promises about how well they would manage the economy. So they really cannot rely on any excuses about things that happened over 13 years ago.

Mischance · 26/06/2023 15:32

Emotionalstorm · 26/06/2023 14:08

You can only give out money if you have money. So the country should prioritise acquiring the ability to help before it bankrupts itself.

National budgets are not like domestic budgets - different rules apply.

It is not shortage of money that is the problem, it is who the current government chooses to give it to that it is the problem.

Quiverer · 26/06/2023 15:38

Emotionalstorm · 26/06/2023 14:31

Then they will promise help probably in return for winning the general election and get their home owning voters back who have been waiting for a reason to vote them this whole time.

But seriously, how can they? The banks can't and won't hold off indefinitely. For this to work, they need to make the promise now, because obviously a moratorium of a year of 18 months isn't much use if you're going to be repossessed immediately afterwards. And if they make the promise now, it's the equivalent of giving the green light to mortgage holders all over the country that they might as well stop repayments because the Tories are going to bail them out for years to come. Which in turn is going to mess up the economy even more, and piss off all the potential voters who slogged through paying off their mortgages in full.

This is just cloud cuckoo land.

Badbadbunny · 26/06/2023 15:41

Mischance · 26/06/2023 15:32

National budgets are not like domestic budgets - different rules apply.

It is not shortage of money that is the problem, it is who the current government chooses to give it to that it is the problem.

The interest that the UK is paying on the huge national debt IS a problem.

It was £9.8 billion in April, so running at £117.6 billion per year.

That's more than the country spends on education!

Quiverer · 26/06/2023 15:43

Emotionalstorm · 26/06/2023 14:30

There won't be any repossessions, banks already said they will wait a year till the GE.

That deal is only with the biggest lenders. There are an awful lot of people with mortgages with smaller lenders who just won't be able to afford to hold off repossessions.

TooBigForMyBoots · 26/06/2023 15:48

I suppose if your idea of Charismatic is "well spoken Head Boy", then you might find PM Sunak Charismatic. But most people find him out of touch, incapable of understanding and a bit patronising.

BunnyBettChetwynnd · 26/06/2023 16:03

1dayatatime · 26/06/2023 12:48

@Badbadbunny

"Voters need to start ignoring all the media image rubbish and start to apply a little common sense to abilities rather than how politicians look and sound on the telly!"

++++

Whilst I fully agree with you, sadly this is never ever going to happen.

Plus anyone with any actual abilities such a being successful in their current career or business would be mad to consider a career in politics.

So instead you get career politicians who have never had a real job and are completely out of touch with ordinary people's lives and priorities- and this applies to both Conservative, Labour and Lib politicians.

Keir Starmer was a QC and Director of Public Prosecutions before he became an MP.

itsgettingweird · 26/06/2023 16:05

The Tory's have better ideas.

Erm I beg to differ. They flailed about re energy and ended up taking labours ideas.

So clearly Labour have good ideas.

They have an energy plan for the future and have been honest about financing it. I want honesty.

No party will be perfect but at least all the others can currently be trusted

itsgettingweird · 26/06/2023 16:06

Johnson was charismatic.

Look where that got us. 🙄

itsgettingweird · 26/06/2023 16:08

StormShadow · 26/06/2023 14:29

Very interesting stat here, which I didn't know. Of the 50 constituencies with the most mortgage holders, 48 were Tory last time.

https://twitter.com/georgeeaton/status/1673011479828656131

They're fucked.

Thanks for this stat.

Very interesting

OneTwoThreeShake · 26/06/2023 16:12

SunnyEgg · 26/06/2023 06:35

Is it used like this often? Maybe because interest rates are more flexible and you can put them up and down are few times over a period of time

I’m not sure I’ve heard an answer on dealing with inflation (apart from interest rates which are difficult for supply side) from anyone so far, from any side

No. And the problem is that squeezing income at source and ignoring interest rates encourages borrowing, whereas increasing interest rates deters against borrowing as it costs the individual more - loans and credit cards have a higher APR and mortgage interest rates are higher so people theoretically borrow less.

BunnyBettChetwynnd · 26/06/2023 16:16

Quiverer · 26/06/2023 15:28

Are you less well-off? Do you feel that support you need in order to function should be optional?

Analysis of Department for Work and Pensions figures shows that since the Conservatives entered Government, the number of disabled people living in poverty has rocketed to 3.8 million – a 44% increase since 2010.

OneTwoThreeShake · 26/06/2023 16:18

I'll vote labour in the next general election because my local mp (tory, first time ever in our red constituency) has been all but invisible since the Boris implosion. He was largely ineffective before that.

I think the state we're in now, I'd rather try something else than stick with the same old and expect a better result. I am not a fan of Starmer. I think its a huge disappointment that he hasn't managed to capitalise even slightly on the long succession of tory shit shows, so I'm not filled with confidence by him. I think its a shame Andy Burnham was cast aside as he's the sort of leader I think we'd benefit from.

SunnyEgg · 26/06/2023 16:19

Badbadbunny · 26/06/2023 15:41

The interest that the UK is paying on the huge national debt IS a problem.

It was £9.8 billion in April, so running at £117.6 billion per year.

That's more than the country spends on education!

Yes I doubt any party would go for more debt atm, or if they do it will cost in servicing it

ArbitraryHaddock · 26/06/2023 16:38

PTSDBarbiegirl · 25/06/2023 15:23

He doesn't GAF. He knows Tories are out at next GE and has been taxed with the job of bleeding as much opportunity from selling off NHS and squeezing public sector dry and lining up offshore banking to protect the £trillions of money that should be part of the UK tax coffers so it's owners can keep taking the piss out of UK voters. Fuck Sunak.

This

Emotionalstorm · 26/06/2023 16:56

Quiverer · 26/06/2023 15:28

Are you less well-off? Do you feel that support you need in order to function should be optional?

My parents and husband do okay but I would be able to support myself and my daughter anyway without their help.

Emotionalstorm · 26/06/2023 16:58

Mischance · 26/06/2023 15:32

National budgets are not like domestic budgets - different rules apply.

It is not shortage of money that is the problem, it is who the current government chooses to give it to that it is the problem.

And is Rishi giving it to that is the problem? Please give me examples that have happened under this administration.

Emotionalstorm · 26/06/2023 17:00

Quiverer · 26/06/2023 15:38

But seriously, how can they? The banks can't and won't hold off indefinitely. For this to work, they need to make the promise now, because obviously a moratorium of a year of 18 months isn't much use if you're going to be repossessed immediately afterwards. And if they make the promise now, it's the equivalent of giving the green light to mortgage holders all over the country that they might as well stop repayments because the Tories are going to bail them out for years to come. Which in turn is going to mess up the economy even more, and piss off all the potential voters who slogged through paying off their mortgages in full.

This is just cloud cuckoo land.

It doesn't need to work or solve any problems it just needs to sound convincing enough to convince the daily mail crowd and their two brain cells.

Emotionalstorm · 26/06/2023 17:01

Quiverer · 26/06/2023 15:43

That deal is only with the biggest lenders. There are an awful lot of people with mortgages with smaller lenders who just won't be able to afford to hold off repossessions.

Luckily their main voter base has smaller mortgages or no mortgages at all.

Blossomtoes · 26/06/2023 17:01

This is just cloud cuckoo land.

Of course it is. Given that there are only around seven million mortgage holders in the UK, it’s highly unlikely that they’d be subsidised at the cost of pissing off renters and those who own their properties outright.

SunnyEgg · 26/06/2023 17:05

Emotionalstorm · 26/06/2023 17:01

Luckily their main voter base has smaller mortgages or no mortgages at all.

Not sure of the split but Martin Lewis was pushing for increased savings rates from banks this morning as a way to approach it

This would benefit savers and older no mortgage holders

Hawkins0001 · 26/06/2023 17:08

1dayatatime · 25/06/2023 17:04

@Locutus2000

So I thought I would play devils advocate on this one. So going through your points whilst I don't disagree with your conclusions, you do question whether Sunak is entirely to blame:

Inflation (and therefore interest rates) has gone up due to a combination of three main reasons:

  1. Brexit - this makes it more difficult to import goods from the EU, particularly food which then makes food more expensive.
    It should therefore be noted that the majority who voted for Leave are in part responsible (or actively wanted) this higher inflation.

  2. Covid spending- the Government borrowed/ created £500 billion of debt that was then injected into the economy through bounce back loans, furlough, PPE contracts, eat out to help out etc.
    The majority of the public supported the lockdowns understandably in order to protect the elderly and vulnerable. You may disagree with how the money was spent or how wisely it was spent but once the approach was decided upon lockdowns rather than doing nothing then money had to be spent which inevitably would lead to higher inflation (eg Germany early 1920s).

  3. War in Ukraine - this led to a sharp increase in energy bills due to a reduction in supply of Russian gas to Western Europe.
    Now there was a choice to either stand up against Russia and support Ukraine which leads to higher energy prices or selfishly throw Ukraine under a bus and do nothing in order to keep getting cheap energy from Russia. I personally think it was the right thing to stand up Russia as otherwise Europe would for ever be blackmailed by Russia on other issues through cheap energy supplies. But I recognise and accept that the price for this was higher energy bills.

So depending on where you sit on the above three points then we are all partly responsible for higher inflation, higher interest rates and higher Government debt.

Sometimes that's the pickle and sometimes some of the public do not always realise all these points.

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