UK Economy

[Derek27]

Tory backbenchers are unhappy with the situation. I can see the Tories revolving, as they are, leading to a humiliation or even a collapsed government.

[Derek27]

Six people on webcam, talking to Sophie Ridge. One idiot has his setup in his bathroom. You can just see the edge of the bathroom sink and the toilet/bathroom door lock. And his wife comes in.

Of all the rooms to set up your webcam.

[Archangel]

"Growth, growth, growth"

[Archangel]

A bigger than expected CPI number in the US sends markets lower. Signals more interest rate hikes coming

[Archangel]

Sterling looks like it has been attached to a Space Hopper for the past few weeks. Cant see much changing until the political crisis have been sorted out

[Archangel]

“There will be more difficult decisions, I’m afraid, on both tax and spending as we deliver our commitment to get debt falling as a share of the economy over the medium term"

I can only assume that means tax increases coming for us all

[greenmark]

“There will be more difficult decisions, I’m afraid, on both tax and spending as we deliver our commitment to get debt falling as a share of the economy over the medium term"

I can only assume that means tax increases coming for us all

The thing I don't like about that statement is "over the medium term".
If only life was as simple as me having an idea. The idea I had was kill Putin.
Sadly that would really stuff things up, so we're stuck with it while humanity comes to it's senses.

[Archangel]

UK inflation returns to 40-year high of 10.1%

So thats basically a 10% cut to peoples income in relation to spending power. Unless wages rise significantly it will be yet another blow to the economy

[ShaunWhite]

I can only assume that means tax increases coming for us all

"All"? I can't remember the last time I paid any income tax. I tried once and they didn't want it.

[Archangel]

I can only assume that means tax increases coming for us all

"All"? I can't remember the last time I paid any income tax. I tried once and they didn't want it.

touché

[Derek27]

No sympathy for tarot card sellers struggling to make ends meet. If they were any good they'd predict the lottery numbers.

[napshnap]

I can only assume that means tax increases coming for us all

"All"? I can't remember the last time I paid any income tax. I tried once and they didn't want it.

Shaun is like Superman)) https://youtu.be/fLtSShSH7UM?t=68

[Archery1969]

Did the £ just fall off a cliff ????

[Archery1969]

S&P and Moody’s give the UK a negative credit rating. That means borrowing rates just went through the roof.

We fcuked.

[Archery1969]

Lord King, former governor of the Bank of England warns austerity this time will be harsher than last time. There isn’t enough wealth between the rich and high earners to fund the gaps so taxes will need to rise for your average worker. Nor is there money available for above inflation public sector wage rises. As this becomes apparent unemployment will rise significantly possibly back to levels seen in the early 90s.