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Rachel from accounts has crashed the economy

1000 replies

Almn0etd · 07/01/2025 21:01

So borrowing costs are now even higher than when Liz Truss was around.

The economy is well and truly cooked and in a far worse shape now that Rachel accounts is in charge.

Why isn’t this dominating the news cycle? Because it’s Labour.

The Tories were atrocious. Labour are an indescribable disaster for this country, surpassing the lowest of the low bars. Cue Labour apologists who don’t mind being made poorer and having the country destroyed, as long it’s Labour doing it to them.

OP posts:
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Havanananana · 15/01/2025 22:22

Walgreens sold Alliance Healthcare several years ago to AmerisourceBergen.

And the largest shareholder of AmerisourceBergen (now actually called Cencora) is .... Walgreens Boots Alliance

nearlylovemyusername · 15/01/2025 22:44

yep, about 10%
so what???

BoredZelda · 16/01/2025 09:19

you couldn’t pay me to vote for Labour, they just lie, cheat and talk bullshit

Yet you voted for Boris Johnson?

BoredZelda · 16/01/2025 09:23

They’re making the economy worse.

Yeah, that reduction in inflation is a real kick in the teeth.

Upstartled · 16/01/2025 09:25

BoredZelda · 16/01/2025 09:23

They’re making the economy worse.

Yeah, that reduction in inflation is a real kick in the teeth.

Yeah, I'm just diving into my pool of gold like Scrooge Mcduck with that 0.1% reduction.

letsallchant · 16/01/2025 09:28

Upstartled · 16/01/2025 09:25

Yeah, I'm just diving into my pool of gold like Scrooge Mcduck with that 0.1% reduction.

Indeed, so we'll all look forward to a balanced reaction if it goes up 0.1% and not a 'she's wrecked everything, the country's on fire, the entire government should resign' one. Jolly good.

Upstartled · 16/01/2025 09:32

That's your prediction, is it, that we'll only see a 0.1% inflationary effect of the falling pound to the dollar, higher borrowing costs and a increased employment costs for businesses, with both a higher minimum wage and higher employment national insurance taxation. 😬

EasternStandard · 16/01/2025 10:41

For all Reeves repeated lines on growth I wonder why they felt it important to take 0.7 down to 0 or 0.1 in second half

How does that help?

JudgeJ · 16/01/2025 23:03

Pjyid · 15/01/2025 10:25

Wasn't 1997-2007 very stable with strong growth thanks to the Chancellorship of Gordon Brown.

I was referring to Hard Labour, similar to the 60s and 70s, as we're stuck with now rather than Labour Lite in the days of Bliar and Brown, the mess they left behind was partly because of the 2008 worldwide crisis.

Walkden · 17/01/2025 01:29

"The solution is obvious - make UK attractive for investments and your tax base will rise."

Except we've done the opposite since 2016.

Well we used to be attractive for investment into Europe as the least regulated marked in th single market but we voted leave and the conservatives chose to make the single market a red line so.....

Elissaisnotmyname · 17/01/2025 03:41

She looks terrible and has visibly aged since Labour cane to power

UpMyself · 17/01/2025 08:03

@Elissaisnotmyname , and you haven't?

Why do some women feel the need to judge other women on their looks?

BIossomtoes · 17/01/2025 08:45

UpMyself · 17/01/2025 08:03

@Elissaisnotmyname , and you haven't?

Why do some women feel the need to judge other women on their looks?

Edited

Saying that someone is showing signs of stress isn’t judging them on their looks.

Julen7 · 17/01/2025 08:47

BIossomtoes · 17/01/2025 08:45

Saying that someone is showing signs of stress isn’t judging them on their looks.

This

nearlylovemyusername · 17/01/2025 09:47

Walkden · 17/01/2025 01:29

"The solution is obvious - make UK attractive for investments and your tax base will rise."

Except we've done the opposite since 2016.

Well we used to be attractive for investment into Europe as the least regulated marked in th single market but we voted leave and the conservatives chose to make the single market a red line so.....

not only talking about EU

but - what stop Labour to run another referendum? or at least to remove single market red line? and accept youth mobility and truly renegotiate

Tryingtokeepgoing · 17/01/2025 09:49

Walkden · 17/01/2025 01:29

"The solution is obvious - make UK attractive for investments and your tax base will rise."

Except we've done the opposite since 2016.

Well we used to be attractive for investment into Europe as the least regulated marked in th single market but we voted leave and the conservatives chose to make the single market a red line so.....

Technically the EU was clear that the single market was a red line for them, and because the UK (under the Conservatives) was unwilling to cede fishing rights and regulatory autonomy, which were red lines for us, neither party moved on their position. So I’m not sure it’s quite as one sided as you’ve made out!

The biggest problem is that the British public voted for Brexit. And that’s in no small part because there was no coordinated ‘remain’ campaign. Labour under Corbyn, in my mind, are as to to blame for this as anyone. That and the Westminster/middle class complacency that the public wouldn’t actually vote for it…

Historically we (the UK population) have been ambivalent about the whole EU project. So the ‘leave’ messages were able to land without much critical thinking or counter argument, and the ‘remain’ campaign needed to work much harder to get the message across. It failed to do so, partly because of conservative / liberal complacency.

And let’s not forget for the low paid the short term benefits of Brexit, driven by labour shortages, became apparent very quickly. What used to be minimum wage jobs very quickly paid more. Remember when supermarkets got into a cycle of saying how much more than minimum wage they were paying? Of course, the longer term economic impact of Brexit, followed by Covid, increases in the living wage and labour costs in general have led to more automation and fewer jobs. But we still have pretty much full employment, as defined by those who want to work being able to. Though, the recent tax on employment in the budget will change that I am sure.

But, we can’t easily change what has been done. And even if we can it will take time. We can however still make the UK a more attractive option for investment, but sadly the first budget of this government made it even less attractive.

NoWordForFluffy · 17/01/2025 10:11

@Tryingtokeepgoing, the public voted for a 'soft' Brexit. Vote Leave literature said we wouldn't leave the single market (or something similar; it's been a while since I saw it to remember verbatim).

Not only did we have a non-binding referendum which the Electoral Commission said would've been void due to irregularities had it been binding, we also had people voting for a soft Brexit (even if some wanted a hard Brexit, the literature said it would be soft) which then became a hard Brexit due to Johnson's administration.

The whole thing is / was a total clusterfuck.

catcafeatno10 · 17/01/2025 10:18

RR looks ill - her face says it all.

The £ back to 1.21 against the dollar. I wanted to give her the benefit of the doubt, but I think most people have lost confidence in her 'plan' - she's even lost confidence in herself. You can see it.

MyNameIsX · 17/01/2025 10:35

catcafeatno10 · 17/01/2025 10:18

RR looks ill - her face says it all.

The £ back to 1.21 against the dollar. I wanted to give her the benefit of the doubt, but I think most people have lost confidence in her 'plan' - she's even lost confidence in herself. You can see it.

Agreed.

She’s not what you would call attractive in the conventional sense - quite masculine in fact, and that metallic voice.

As for sticking her fingers in her ears and saying that she doesn’t care what people think, well, that just says it all.

NoWordForFluffy · 17/01/2025 10:42

I think she's probably finding out what 'be careful what you wish for' really means right now.

I wouldn't want her job in a month of Sundays. But, she did want it, that was her aim. It's not working out quite as she'd hoped / planned, however, so I imagine she's under massive stress. She really shouldn't stay in a job which is mentally intolerable for her though, if that's where she is. No good comes of killing yourself for your job, wherever you're an office worker or the Chancellor.

I think it's what comes first, jump or push, right now.

HarrietPierce · 17/01/2025 11:09

"She’s not what you would call attractive in the conventional sense - quite masculine in fact,"

Good grief.

UpMyself · 17/01/2025 11:13

BIossomtoes · 17/01/2025 08:45

Saying that someone is showing signs of stress isn’t judging them on their looks.

The post I was referring to was Elissaisnotmyname · Today 03:41

She looks terrible and has visibly aged since Labour cane to power

BIossomtoes · 17/01/2025 11:15

UpMyself · 17/01/2025 11:13

The post I was referring to was Elissaisnotmyname · Today 03:41

She looks terrible and has visibly aged since Labour cane to power

Exactly. And then you proceeded to make a very sexist comment based on her looks and voice not her state of health.

ETA Sorry @UpMyself, it wasn’t you. I apologise.

UpMyself · 17/01/2025 11:23

Thanks, @Blossomtoes.

MyNameIsX · 17/01/2025 11:23

HarrietPierce · 17/01/2025 11:09

"She’s not what you would call attractive in the conventional sense - quite masculine in fact,"

Good grief.

I consider it a statement of fact, and stand by it.

Come now though, let us not fall out on a Friday. Let’s return to her competence as Chancellor.

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