How dumb are Labour

[ohdelay]

Just seen this and I swear they keep forgetting they won the election and are in power now
https://www.bbc.co.uk/news/articles/c62m2pde4p6o

The constant gaffes and sixth form debate club politics are very embarrassing. I was ready for change, but fucking hell.

It will be expensive considering debt servicing, from the article

The yield – in effect the interest rate – on UK government bonds rose by about six basis points to trade above 4.2% in early trading on Thursday morning before easing, contrasting with a fall in borrowing costs for other comparable countries, including the US.

Not really. These are relatively small market moves. More importantly, the IMF is signalling support for Reeves' change to the fiscal rules, which will be an important cue for market participants

x.com/mij_europe/status/1849538699521872072?s=46&t=Uw4lJNwxFZFnX0Xs3doHYg

Vv effective pitch rolling by @RachelReevesMP & team today. Truss/Kwarteng cd have learned a thing or two

Unveil changes to fiscal framework in FT op-ed at IMF Autumn meetings - so can be socialised/explained to investment community

Win IMF endorsement for rule change

Beyond fact they're sensible/coherent reforms

x.com/mij_europe/status/1849484200220463377?s=46&t=Uw4lJNwxFZFnX0Xs3doHYg

How dumb are Labour?

Dangerously so.

Weren’t some posters consistently saying that warnings about budget measures were all “speculation” and that we should wait? Some of us said that Labour were leaking and kite flying, but that was said by the same posters to be groundless.

Now it seems that releasing information is a wily tactic and good politics.

If the differential pensions treatment is confirmed there will be a storm.

Actually, I'm still waiting for the actual budget rather than speculation.

Mmm and not sure about bigging up higher cost of borrowing when it’s going down for other countries

Of course you are quite correct. There really isn't enough detail to judge. We should withhold judgement.
Proof will be in the pudding - not tomorrow's Op Ed pieces.

Correct.

As I have said previously, the bond and FX markets will punish Labour for their nonsense. If UK base and mortgage rates remain higher for longer, so will the electorate.

Reeves’ plans are a simple fudge.

Dumb, dumb, dumb.

PS. I have a Bloomberg terminal, so unlike the Labour apologists who prefer to get their data and analysis from the Guardian the following day, I have the markets live.

I will be sure to be watching them - live.

Ah so this is where the doom mongers hang out, watching with excitement in the hope that the country stumbles so they can say they were right. Nice.

I think posters are doing what Labour supporters did for many years: watching the government’s stumbles and blunders with dismay.

‘Excitement’ - that tweet posted below is closer with its great ‘pitch rolling’ positive spin

This is what’s happened

The yield – in effect the interest rate – on UK government bonds rose by about six basis points to trade above 4.2% in early trading on Thursday morning before easing, contrasting with a fall in borrowing costs for other comparable countries, including the US.

Who wants to go up?

Actually I disagree. I think posters are chasing a load of something or nothing stories and building them up into false news a lot of the time.

It's a feeble attempt to make it look like this government is anything near as bad as the last one.

Reasonable?
Ah well we shall see. At least she won't do a Truss with this 😆

Hmm I remember you now - not engaging with you again.

What’s ‘false’ about this?

in effect the interest rate – on UK government bonds rose by about six basis points to trade above 4.2% in early trading on Thursday morning before easing, contrasting with a fall in borrowing costs for other comparable countries, including the US.

What are you saying exactly? Please be precise.

Referring to your last sentence.

Ok what I'm saying is I'M NOT ENGAGING WITH YOU. It means this is the last time I respond to you. I probably won't even read posts when I see your name. I'm sure you can work out why.

‘I remember you now’

And I am asking you a very simple question -
from where/how do you claim to remember me?

It should be easy for you to answer.

Not sure why people react to a Guardian coverage of a yield increase with ‘it’s false’

Do you remember when the Tories took praise when the interest rates dropped but when they rose they claimed it was nothing to do with them? It's quite funny, isn't it?

That’s also what Labour supporters did before: no matter how inconsequential some story was, no matter that the Tory government was forced to do something because of world events, whether or not there were unknowns or mitigation, everything it did deserved a fiercely critical thread.

The only consensus I can recall was over Ukraine. Even then I was told that Johnson didn’t make any decisions, it was his officials, supposedly.

When I was taught the proverb it was 'The proof of the pudding is in the eating'. The sentence makes sense.

Sadly, carelessness of listening and repeating seems to have resulted in this becoming a silly sentence - 'The proof will be in the pudding'.
Will it be a treacle pudding? Will the proof be a proof of Pythagoras' theorem or something about E equalling mc squared?

Are you claiming The Guardian has it wrong?

Or you do accept the yield increase is due to the extra debt?