Go Rishi.
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
Pound up vs USD. FTSE is hovering but there's hope for the Autumn budget. Isn't there? Please tell me there's hope!!Archery1969 wrote: ↑Wed Oct 26, 2022 10:15 amThe GBPJPY has this morning gone over 170.000. Not been anywhere near that high since January 2016.
Go Rishi.
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Since Rishi been elected the debt has dropped by £10.3 billion because of bond interest rates.greenmark wrote: ↑Wed Oct 26, 2022 4:07 pmPound up vs USD. FTSE is hovering but there's hope for the Autumn budget. Isn't there? Please tell me there's hope!!Archery1969 wrote: ↑Wed Oct 26, 2022 10:15 amThe GBPJPY has this morning gone over 170.000. Not been anywhere near that high since January 2016.
Go Rishi.
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Flipping heck I'm about to say something I would never have countenanced. Sunak (a Tory PM) may be good for this country.Archery1969 wrote: ↑Wed Oct 26, 2022 4:11 pmSince Rishi been elected the debt has dropped by £10.3 billion because of bond interest rates.greenmark wrote: ↑Wed Oct 26, 2022 4:07 pmPound up vs USD. FTSE is hovering but there's hope for the Autumn budget. Isn't there? Please tell me there's hope!!Archery1969 wrote: ↑Wed Oct 26, 2022 10:15 amThe GBPJPY has this morning gone over 170.000. Not been anywhere near that high since January 2016.
Go Rishi.
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That's a bit like losing a tenner and finding 50p on the way home.Archery1969 wrote: ↑Wed Oct 26, 2022 4:11 pmSince Rishi been elected the debt has dropped by £10.3 billion because of bond interest rates.greenmark wrote: ↑Wed Oct 26, 2022 4:07 pmPound up vs USD. FTSE is hovering but there's hope for the Autumn budget. Isn't there? Please tell me there's hope!!Archery1969 wrote: ↑Wed Oct 26, 2022 10:15 amThe GBPJPY has this morning gone over 170.000. Not been anywhere near that high since January 2016.
Go Rishi.
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Around £18 billion but at least its now going in the right direction.Archangel wrote: ↑Wed Oct 26, 2022 9:21 pmThat's a bit like losing a tenner and finding 50p on the way home.Archery1969 wrote: ↑Wed Oct 26, 2022 4:11 pmSince Rishi been elected the debt has dropped by £10.3 billion because of bond interest rates.
Dropped by 10.3bn
But how much had it gone up under Truss?
It wouldn't be credible to have a real terms stagnation or fall in defence spending. The NHS and education have been under Tory control for the last 13 years. Real terms increases there are a tacit admission that they've screwed up.Archery1969 wrote: ↑Sun Oct 30, 2022 4:19 pmWent to a membership meeting this morning.
Hot topic being discussed...
Likely 2p/3p increase to income tax to pay for:
- £50 billion black hole in finances
- 10% increase to those on benefits
- 10% increase to state pension
- Real terms increase to NHS, Education and Defence
Reading some documents I was shown, things were bad before Truss made the cock up but as a result she made them 10 x worse.
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Any free food and drink?
call me a simpleton, but was this likely to have happened anyway (sooner or later), despite truss's senseless meddling??
I know very little about economics but I'm still entitled to give an opinion, so I would say it's 100% Truss and Kwarteng's fault.
It's Putin's faullt and the energy companies should do the decent thing and offer up some of their windfall.Derek27 wrote: ↑Thu Nov 03, 2022 1:22 pmI know very little about economics but I'm still entitled to give an opinion, so I would say it's 100% Truss and Kwarteng's fault.![]()
When I heard the biggest interest rate rise since the nineties was on the cards, I imagined it going up to 8%! Still, quite a shock to anyone in the early stages of their mortgage.