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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Is The IMF taking Over perhaps just what the country needs

530 replies

WaitingInForMyFoodShopping · 01/09/2025 08:55

Ok bear with me. This sounds like an idiotic thing to say because if the IMF are involved it means the country is officially in a mess and the IMF will slash spending and enforce their own budgets and rules. So anyone on benefits might lose them, NHS funding will likely go down, same for the police force etc

It just occurred to me today that the country is in a complete mess and there isn't really any end in sight.

Headlines today - I didn't read the detail but I am just getting more angry, helpless feeling and frustrated and want 'somebody' who has some balls to step in and say enough. Things change from today. Todays headlines are rising taxes, 1/10 high school kids on benefits, families of migrants can claim benefits from day 1 even if they don't speak english.

Now i will caveat this by saying the housing market does need sorted but lets be honest that's not what they are trying to do here - it's just about raising taxes. I also say there is another articles claiming ' a crackdown on bring families into Britain' - something that made me snort with derision giving the whole small boats/protests going on just now.

I mean lets just get to the point. Does ANYONE think RR/KS are able to fix this mess. I know they didn't cause it. I know they have been in office less than a year but if we give them another year are they able to fix it. I personally don't think so. It is going to need someone very tough to brave the mess and take it in hand (Maggie Thatcher where are you now).
So what are we left with - voting Reform - which I have joked about doing but i don't actually think that is the way to go. That's borne out of desperation. So who is going to fix it then.

AIBU to think a complete reset, painful as it will be by the IMF is just what the country needs?

House prices drop unexpectedly amid property tax fears - latest updates

The ‘ludicrous’ migrant family rule pushing councils to breaking point

One in 10 secondary schoolchildren on disability benefits

OP posts:
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19
1dayatatime · 03/09/2025 11:08

EasternStandard · 03/09/2025 11:00

The other factor in that quote is having enough people earning to not want high taxes. When you get enough people not contributing at a low level it’s easy for votes to just run with ever higher spending and taxes.

If we’re at that point it might take an economic shock to fix it.

Which is effectively where we are now.

The key news item to watch is whether France needs to be bailed out, which we should know by Christmas.

If France does need a bailout then the markets will turn on the UK and there is a high chance that the UK will be next.

https://news.sky.com/story/how-frances-government-reached-the-brink-of-collapse-and-the-staggering-numbers-behind-its-debt-crisis-13423047

France's government is on the brink of collapse - and could be facing a staggering debt crisis

Political deadlock appears set to result in France's sixth prime minister since 2020 facing the exit, at a time when the economy can least afford it. But how did the country reach this point, and what might happen next?

https://news.sky.com/story/how-frances-government-reached-the-brink-of-collapse-and-the-staggering-numbers-behind-its-debt-crisis-13423047

GasPanic · 03/09/2025 11:16

There is an interesting head of steam building up :

i) The budget black hole against the "absolutely immovable" fiscal rules. I don't think the forecast is official yet, but may come soon.

ii) The relatively long timescale until the budget (end November?)

iii) The impression that the country is becoming ungovernable as regards implementing tax changes. See Labours failure to get it's welfare bill through.

iv) The constant floating of potential future tax policy in the media is feeding through to causing problems in the economy. For example people are considering holding house purchases due to uncertainty on what might happen with stamp duty.

v) Cabinet reshuffles and changes of financial advisers are pointing to the fact that major changes in people at high level in the government may be coming soon.

All this adds up to quite a toxic mix which is going to be a real struggle to manage out until the end of November unless other distractions come to the fore. I'm not sure having a 3 month period of bond market jitters up to the end of November budget is a good idea.

For Starmer the issue is if he is going to replace Reeves then there are only two choices, either i) pretty much immediately in order to give the new incumbent time to plan the budget or ii) wait until after the budget and the market reception to it in order to make a decision. That wait might put the country into an even worse position of course.

SemiRetiredLoveGoddeess · 03/09/2025 12:00

Alexandra2001 · 03/09/2025 10:27

Its all historical record, fact is NS oil didn't hit significant production rates until late 70s, Thatcher had the lions share of this and privatised it.

Heath etc had to deal with 70s oil price shocks.

If you don't vote, i'm afraid you cannot really complain.

I think l live in a democracy . Or so l am told .That l also have the right not to vote for complete twats.

Please don't contact me again.

swimsong · 03/09/2025 12:16

How long have you been addicted to fear-mongering disaster porn?

EasternStandard · 03/09/2025 12:21

swimsong · 03/09/2025 12:16

How long have you been addicted to fear-mongering disaster porn?

What a cutting post, ahem. Better let France know too you’ve got it covered.

placemats · 03/09/2025 13:01

Gosh, the sensitivity on this thread from posters who deride anyone with a so called perceived disability is strident.

Alexandra2001 · 03/09/2025 13:49

TheNuthatch · 03/09/2025 10:31

It's not a gross distortion to state that it was Labour MPs who brought that bill to it's knees. Rightly so imo.

The media went mad over this, as did a few notable posters on here...

So what benefits do you think should be cut? if not the ones the Govt tried to reduce.

Because thats the rub... we will all have our own sympathies but cuts means people lose out.... and they wont like it.

Or is it that those on the right will use whatever they can to attack Labour, even when they try and do the right thing?

Alexandra2001 · 03/09/2025 13:52

SemiRetiredLoveGoddeess · 03/09/2025 12:00

I think l live in a democracy . Or so l am told .That l also have the right not to vote for complete twats.

Please don't contact me again.

I ve never contacted you, its a discussion forum, if you don't like it, scroll on or hide the thread and move on?

EasternStandard · 03/09/2025 13:56

placemats · 03/09/2025 13:01

Gosh, the sensitivity on this thread from posters who deride anyone with a so called perceived disability is strident.

Who has a ‘perceived disability’ what / who are you referring to?

Pavingprincess · 03/09/2025 14:01

placemats · 03/09/2025 13:01

Gosh, the sensitivity on this thread from posters who deride anyone with a so called perceived disability is strident.

What would you do about the sky high and rising at a wholly unrealistic rate benefits bill?

Do you think every claimant is likely to be honest and truthful?

Do you think it’s right to provide PIP claimants with cash payments to spend on whatever they like rather than the goods and services it has been judged that they need to cope with their disability?

ThisTicklishFatball · 03/09/2025 14:25

LittleYellowQueen · 01/09/2025 12:40

If you, or someone you love, god forbid, had an accident and you needed intensive care, should we just pull the plug because its expensive? Which human lives are we going to discard first? Would you put yourself at the front of that queue?

This part beggars belief:

"It would predominantly impact the disabled (adults and children) , the elderly and those unlucky enough to have expensive conditions, accidents or illnesses .

It’s obviously ethically challenging to consider"

Anyone can become disabled at any time. You do realise that?

The problem is that the NHS needs a complete overhaul. The answer is not to just let disabled people fucking die because "oh well".

What is it with all these borderline eugenics comments on Mumsnet at the moment?

Disabled people have value, believe it or not.

I agree.

It seems like there have been too many comments over the past months that are against disabled people.

I've also noticed too many comments strongly supporting the idea of eliminating elderly people and incentivizing s_ for those over 50 to reduce pension costs.

The country needs better financial management across the board, as there seems to be a shortage of people capable of making solid financial decisions. Is this due to poor intentions, incompetence, or something else entirely?

It also appears the country isn't producing individuals skilled at solving problems. Could this be intentional sabotage?

There are far too many pressing issues at hand, and no one seems adequately equipped to handle them effectively.

TheNuthatch · 03/09/2025 14:31

Alexandra2001 · 03/09/2025 13:49

The media went mad over this, as did a few notable posters on here...

So what benefits do you think should be cut? if not the ones the Govt tried to reduce.

Because thats the rub... we will all have our own sympathies but cuts means people lose out.... and they wont like it.

Or is it that those on the right will use whatever they can to attack Labour, even when they try and do the right thing?

Are you seriously trying to blame the media for that calamity? That bill should have been pulled before it got to the commons, and you know it. Labour MPs took it down, not the media, not the tories. They were right to do so, it was a mess.

So you support the cuts that Labour were trying to implement, I oppose them, and you have the cheek to accuse me of being far-right?

I opposed the cuts because they were badly thought out and rushed through without due diligence to try and save the chancellor's backside. The necessity of the Timms review proves my point. People with disabilities deserve better than that.

SerendipityJane · 03/09/2025 14:34

I've also noticed too many comments strongly supporting the idea of eliminating elderly people and incentivizing s_ for those over 50 to reduce pension costs.

Well nothing is off the table.

EasternStandard · 03/09/2025 14:42

TheNuthatch · 03/09/2025 14:31

Are you seriously trying to blame the media for that calamity? That bill should have been pulled before it got to the commons, and you know it. Labour MPs took it down, not the media, not the tories. They were right to do so, it was a mess.

So you support the cuts that Labour were trying to implement, I oppose them, and you have the cheek to accuse me of being far-right?

I opposed the cuts because they were badly thought out and rushed through without due diligence to try and save the chancellor's backside. The necessity of the Timms review proves my point. People with disabilities deserve better than that.

It’s the media or the tories isn’t it? Switch between the two.

I mean on auto play Labour never mentioned even though they’re actually in power with a large majority.

Alexandra2001 · 03/09/2025 14:50

TheNuthatch · 03/09/2025 14:31

Are you seriously trying to blame the media for that calamity? That bill should have been pulled before it got to the commons, and you know it. Labour MPs took it down, not the media, not the tories. They were right to do so, it was a mess.

So you support the cuts that Labour were trying to implement, I oppose them, and you have the cheek to accuse me of being far-right?

I opposed the cuts because they were badly thought out and rushed through without due diligence to try and save the chancellor's backside. The necessity of the Timms review proves my point. People with disabilities deserve better than that.

Err where have i said that? all i'm saying it was not just Lab MPs, the Con media were all over it, with headlines like this from the Express:

Rachel Reeves accused of 'attack on disabled' as claimants say cuts will risk lives

What area of the benefits system would you like addressing?

Opposing cuts, whilst also wanting the Govt to address the benefits bill is not possible.

Like i said, whatever Labour cut, some group or other will oppose and the media will jump on it, along with a few MN posters too.

TheNuthatch · 03/09/2025 15:07

Alexandra2001 · 03/09/2025 14:50

Err where have i said that? all i'm saying it was not just Lab MPs, the Con media were all over it, with headlines like this from the Express:

Rachel Reeves accused of 'attack on disabled' as claimants say cuts will risk lives

What area of the benefits system would you like addressing?

Opposing cuts, whilst also wanting the Govt to address the benefits bill is not possible.

Like i said, whatever Labour cut, some group or other will oppose and the media will jump on it, along with a few MN posters too.

Edited

You have accused me of being far-right on more than one occasion, across multiple threads. One of these is still live if you want to check.
I have never called for Labour to address welfare spending, so unfortunately for you, I do not fit into that particular pigeon hole.
Perhaps other posters on your side of the debate would be willing to explain what the consequences would have been for genuinely disabled people had that bill passed. You certainly wouldn't take my opinion seriously so there is little point in it coming from me.

Pavingprincess · 03/09/2025 15:15

TheNuthatch · 03/09/2025 15:07

You have accused me of being far-right on more than one occasion, across multiple threads. One of these is still live if you want to check.
I have never called for Labour to address welfare spending, so unfortunately for you, I do not fit into that particular pigeon hole.
Perhaps other posters on your side of the debate would be willing to explain what the consequences would have been for genuinely disabled people had that bill passed. You certainly wouldn't take my opinion seriously so there is little point in it coming from me.

Edited

Well where do you think the government should cut instead then? It certainly can’t increase borrowing, and tax rises will harm grown too much. We can’t keep asking the higher tax payers to pay off. So it’s tax cuts.

TheNuthatch · 03/09/2025 15:23

Pavingprincess · 03/09/2025 15:15

Well where do you think the government should cut instead then? It certainly can’t increase borrowing, and tax rises will harm grown too much. We can’t keep asking the higher tax payers to pay off. So it’s tax cuts.

It's not my job to decide what they should cut. If they do cut welfare, I expect prudence and due diligence. That was not evident with the approach to the welfare bill. Hopefully that will be rectified after the Timms review.
Reeves has made her bed when she went after businesses. Now she must lay in it.

SerendipityJane · 03/09/2025 15:26

and tax rises will harm grown too much.

Funny how growing inequality in society is never a threat to growth isn't it ?

Alexandra2001 · 03/09/2025 15:29

TheNuthatch · 03/09/2025 15:23

It's not my job to decide what they should cut. If they do cut welfare, I expect prudence and due diligence. That was not evident with the approach to the welfare bill. Hopefully that will be rectified after the Timms review.
Reeves has made her bed when she went after businesses. Now she must lay in it.

So oppose benefit cuts and any tax rises but have a go at Lab over benefits bill, national debt, gilts, growth etc

ThatWaryOchreQuoter · 03/09/2025 15:29

SerendipityJane · 03/09/2025 15:26

and tax rises will harm grown too much.

Funny how growing inequality in society is never a threat to growth isn't it ?

Not really, it’s obvious making everyone poorer so they are more equal would not lead to growth.

SerendipityJane · 03/09/2025 15:33

ThatWaryOchreQuoter · 03/09/2025 15:29

Not really, it’s obvious making everyone poorer so they are more equal would not lead to growth.

Which isn't what I said.

IdaGlossop · 03/09/2025 15:34

SerendipityJane · 01/09/2025 11:11

I heard that the IMF are going to invade and that the pound will be scrapped and the new currency will be an St. Georges flag for £5 and a Union jack flag for £10. Change will be issued in vape cartridges.

Then I changed channel.

Don't forget that the IMF is only employing Muslims now as part of the Great Replacement.

IdaGlossop · 03/09/2025 16:02

Terrible. Is nothing sacred? I have never recovered from Mother's Pride being banned in our house when I was a child and being forced to eat bread baked on the premises at our local bakery. Some of it was brown or granary too.

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