| Rachel reeves driving up prices with tax and spend budget warns Bank of England 09:01 - Nov 8 with 8143 views | Zapers |
The Bank of England last night warned Britain is facing a fresh spike in inflation as rachel reeves tax and spend budget piles extra pressure onto households and businesses.
Lenders have been raising mortgage costs in recent days despite the Bank's highly anticipated interest rate cut to 4.75pc on Thursday, with financial markets betting it will be the only cut this year.
Governor Andrew Bailey said a "Substantial" increase in public spending and tax changes that "clearly raise the cost of employment " will drive prices higher over the next three years.
I presume this still wont affect the working person. |  | | |  |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:02 - Nov 8 with 3655 views | redrickstuhaart |
If they really thought it would massively spike inflation, they would not have reduced rates this week....
Such a shame that the conservatives failed to actually maintain essential services properly, necessitating this action now. | | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:07 - Nov 8 with 3607 views | Zapers |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:02 - Nov 8 by redrickstuhaart |
If they really thought it would massively spike inflation, they would not have reduced rates this week....
Such a shame that the conservatives failed to actually maintain essential services properly, necessitating this action now. |
I believe it was a very close vote, finally in favour.
However if there are signs of further inflation, it will soon go back up, along with government gilts. | | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:13 - Nov 8 with 3578 views | redrickstuhaart |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:07 - Nov 8 by Zapers |
I believe it was a very close vote, finally in favour.
However if there are signs of further inflation, it will soon go back up, along with government gilts. |
As I say (and you avoid) such a shame the conduct of the previous government has made it necessary.
Reducing NI as an electoral bribe, when the public finances were so poor, was utterly disgraceful. | | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:16 - Nov 8 with 3563 views | BanksterDebtSlave |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:07 - Nov 8 by Zapers |
I believe it was a very close vote, finally in favour.
However if there are signs of further inflation, it will soon go back up, along with government gilts. |
Why would you believe that when it was 8 to 1?
Edit....and you must be furious at Trump's inflationary proposed tariffs? [Post edited 8 Nov 2024 9:18]
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:17 - Nov 8 with 3560 views | homer_123 |
A bit of wider context.....
Bank of England governor Andrew Bailey offered reassurance, saying it was "likely that interest rates will continue to fall gradually from here". |  |
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:18 - Nov 8 with 3561 views | thebooks |
If they [the media you’re quoting from] were that worried about inflation, they’d mention corporate profits, which are by far the biggest driver of inflation.
Also, be good to know where you’re c&p’ing that from. |  | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:23 - Nov 8 with 3518 views | redrickstuhaart |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:16 - Nov 8 by BanksterDebtSlave |
Why would you believe that when it was 8 to 1?
Edit....and you must be furious at Trump's inflationary proposed tariffs? [Post edited 8 Nov 2024 9:18]
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Indeed. Whilst healthy political debate is great, this constant stream of misinformation and actively misleading propaganda is seriously damaging human society and could have far reaching implications.
People live in echo chambers where algorhythms simply tell them what they want to hear, and encourage them to share what they have read or heard as if it were fact. Polarising and dangerous. | | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:28 - Nov 8 with 3447 views | BanksterDebtSlave |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:18 - Nov 8 by thebooks |
If they [the media you’re quoting from] were that worried about inflation, they’d mention corporate profits, which are by far the biggest driver of inflation.
Also, be good to know where you’re c&p’ing that from. |
Zapers must be absolutely steaming about this stuff too surely!
So where has all the money gone? by BanksterDebtSlave 7 Nov 2024 19:39This could be a clue....
https://www.theguardian.com/business/2024/nov/07/trump-victory-adds-record-wealth-richest-top-10
'The wealth of the 10 richest people in the world – a list dominated by US tech billionaires – increased by a record amount after Donald Trump’s victory in the presidential election, according to a widely cited index.
The Bloomberg Billionaires Index estimated that the world’s 10 wealthiest people gained nearly $64bn (about £49.5bn) on Wednesday, the largest daily increase since the index began in 2012.'
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:29 - Nov 8 with 3426 views | StokieBlue |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:07 - Nov 8 by Zapers |
I believe it was a very close vote, finally in favour.
However if there are signs of further inflation, it will soon go back up, along with government gilts. |
It was not a close vote, they voted 8-1 to lower interest rates.
They said inflation would probably rise but to levels far below what we saw under the Tories and that there would be a gradual decreasing of rates going forward.
So pretty much the opposite of what you've said thus far on this thread.
SB |  | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:30 - Nov 8 with 3420 views | bsw72 |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:18 - Nov 8 by thebooks |
If they [the media you’re quoting from] were that worried about inflation, they’d mention corporate profits, which are by far the biggest driver of inflation.
Also, be good to know where you’re c&p’ing that from. |
Telegraph. |  | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:31 - Nov 8 with 3413 views | BanksterDebtSlave |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:29 - Nov 8 by StokieBlue |
It was not a close vote, they voted 8-1 to lower interest rates.
They said inflation would probably rise but to levels far below what we saw under the Tories and that there would be a gradual decreasing of rates going forward.
So pretty much the opposite of what you've said thus far on this thread.
SB |
Get your own material Stokie.  | |
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:32 - Nov 8 with 3395 views | OldFart71 |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:07 - Nov 8 by Zapers |
I believe it was a very close vote, finally in favour.
However if there are signs of further inflation, it will soon go back up, along with government gilts. |
Nope. It was 8 to 1 in favour of a rate cut. One wanted to hold. My concern is that the increase in spending and piling extra cost on to industry doesn't achieve that much and causes more misery to those with mortgages by the cost of them not coming down whilst pay rises are hit by the extra cost of N.I. contributions to employers. It may also lead to more strikes as Unions gain more power under Labour. I have seen waste first hand within Governmental departments and I wonder who and what will stop this happening. It could lead to Labour just pouring more money into the so called Black Hole that Labour say the Tories left. If this all backfires so we are no better off and maybe worse off after 14 years of going through years of austerity under the Tories we might see many more years under Labour. To quote Buzz Lightyear "To infinity and beyond" | | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:33 - Nov 8 with 3386 views | BlueBadger |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:30 - Nov 8 by bsw72 |
Telegraph. |
That's probably only marginally more reliable than Twitter as a source of reliable, sane, serious and unbiased information nowadays. |  |
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:37 - Nov 8 with 3346 views | BlueBadger |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:29 - Nov 8 by StokieBlue |
It was not a close vote, they voted 8-1 to lower interest rates.
They said inflation would probably rise but to levels far below what we saw under the Tories and that there would be a gradual decreasing of rates going forward.
So pretty much the opposite of what you've said thus far on this thread.
SB |
I think Anti bullying Lead Zapers is still drunk from celebrating his boss's boy Trump get back in and noted homophobe and transphobe Kemi get the tory leadershipbut still having to do his shift at the troll factory, he's having a nightmare this past 24 hours. [Post edited 8 Nov 2024 9:40]
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:44 - Nov 8 with 3281 views | DJR |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:37 - Nov 8 by BlueBadger |
I think Anti bullying Lead Zapers is still drunk from celebrating his boss's boy Trump get back in and noted homophobe and transphobe Kemi get the tory leadershipbut still having to do his shift at the troll factory, he's having a nightmare this past 24 hours. [Post edited 8 Nov 2024 9:40]
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Isn't the best thing just to ignore, and not respond to, posts or threads which appear to me to be deliberately provocative, often misinformed and not really designed to further proper debate?
If that was done, they would soon die a death, or just become echo chambers for a few like-minded posters. [Post edited 8 Nov 2024 9:46]
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:45 - Nov 8 with 3266 views | redrickstuhaart |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:32 - Nov 8 by OldFart71 |
Nope. It was 8 to 1 in favour of a rate cut. One wanted to hold. My concern is that the increase in spending and piling extra cost on to industry doesn't achieve that much and causes more misery to those with mortgages by the cost of them not coming down whilst pay rises are hit by the extra cost of N.I. contributions to employers. It may also lead to more strikes as Unions gain more power under Labour. I have seen waste first hand within Governmental departments and I wonder who and what will stop this happening. It could lead to Labour just pouring more money into the so called Black Hole that Labour say the Tories left. If this all backfires so we are no better off and maybe worse off after 14 years of going through years of austerity under the Tories we might see many more years under Labour. To quote Buzz Lightyear "To infinity and beyond" |
Its worth noting that half of the budget tax increase is just replacing the cut that the previous government made, when it was plainly innappropriate to do so. | | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:45 - Nov 8 with 3254 views | positivity |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:29 - Nov 8 by StokieBlue |
It was not a close vote, they voted 8-1 to lower interest rates.
They said inflation would probably rise but to levels far below what we saw under the Tories and that there would be a gradual decreasing of rates going forward.
So pretty much the opposite of what you've said thus far on this thread.
SB |
what, zap caught in yet another lie, surely not?!
someone call russia, their bot is malfunctioning | |
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:47 - Nov 8 with 3222 views | Zapers |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:13 - Nov 8 by redrickstuhaart |
As I say (and you avoid) such a shame the conduct of the previous government has made it necessary.
Reducing NI as an electoral bribe, when the public finances were so poor, was utterly disgraceful. |
I'm not absolving the last government of any blame, they are now history, and rightly so.
Covid added to a huge amount of debt. | | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:49 - Nov 8 with 3183 views | BlueBadger |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:44 - Nov 8 by DJR |
Isn't the best thing just to ignore, and not respond to, posts or threads which appear to me to be deliberately provocative, often misinformed and not really designed to further proper debate?
If that was done, they would soon die a death, or just become echo chambers for a few like-minded posters. [Post edited 8 Nov 2024 9:46]
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Not standing up to and challenging ignorance is partly why we're in the place we're at as a species, right now. | |
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:49 - Nov 8 with 3182 views | Zapers |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:16 - Nov 8 by BanksterDebtSlave |
Why would you believe that when it was 8 to 1?
Edit....and you must be furious at Trump's inflationary proposed tariffs? [Post edited 8 Nov 2024 9:18]
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I stand corrected on the 1st point.
I'm not American, and I'm probably not as furious a R.Reeves. | | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:52 - Nov 8 with 3145 views | Zapers |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:28 - Nov 8 by BanksterDebtSlave |
Zapers must be absolutely steaming about this stuff too surely!
So where has all the money gone? by BanksterDebtSlave 7 Nov 2024 19:39This could be a clue....
https://www.theguardian.com/business/2024/nov/07/trump-victory-adds-record-wealth-richest-top-10
'The wealth of the 10 richest people in the world – a list dominated by US tech billionaires – increased by a record amount after Donald Trump’s victory in the presidential election, according to a widely cited index.
The Bloomberg Billionaires Index estimated that the world’s 10 wealthiest people gained nearly $64bn (about £49.5bn) on Wednesday, the largest daily increase since the index began in 2012.'
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No I'm not, the markets have increased dramatically in favour of the Trump victory, and yes I am pleased about that;) | | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:54 - Nov 8 with 3115 views | positivity |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:44 - Nov 8 by DJR |
Isn't the best thing just to ignore, and not respond to, posts or threads which appear to me to be deliberately provocative, often misinformed and not really designed to further proper debate?
If that was done, they would soon die a death, or just become echo chambers for a few like-minded posters. [Post edited 8 Nov 2024 9:46]
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it's an interesting discussion but when someone's continuously lying, being corrected and then lying again, it's best to call them out.
facts are important, and if the liars are unchallenged, have more chance of being believed by the gullible or those who don't have time to research everything and look behind the bluster [Post edited 8 Nov 2024 9:55]
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:56 - Nov 8 with 3063 views | DJR |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:49 - Nov 8 by BlueBadger |
Not standing up to and challenging ignorance is partly why we're in the place we're at as a species, right now. |
There is very little evidence (either on TWTD or elsewhere) that people's views can be successfully challenged.
[Post edited 8 Nov 2024 9:57]
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| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:57 - Nov 8 with 3040 views | Lamp |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:32 - Nov 8 by OldFart71 |
Nope. It was 8 to 1 in favour of a rate cut. One wanted to hold. My concern is that the increase in spending and piling extra cost on to industry doesn't achieve that much and causes more misery to those with mortgages by the cost of them not coming down whilst pay rises are hit by the extra cost of N.I. contributions to employers. It may also lead to more strikes as Unions gain more power under Labour. I have seen waste first hand within Governmental departments and I wonder who and what will stop this happening. It could lead to Labour just pouring more money into the so called Black Hole that Labour say the Tories left. If this all backfires so we are no better off and maybe worse off after 14 years of going through years of austerity under the Tories we might see many more years under Labour. To quote Buzz Lightyear "To infinity and beyond" |
I really take issue with the continuing call for mortgage rates to come down. Interest rates are currently at a "normal" historical level. The outlier has been the low interest rate environment as a result of the global economic crisis
https://tradingeconomics.com/united-kingdom/interest-rate
What we need is adults talking facts in political discourse, but instead we get intellectual pygmies or charismatic chancers peddling easy solutions to complex problems. And wht happens when the easy solutions don't work? More distrust in politicians and further moves towards populism. |  | | |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:58 - Nov 8 with 3030 views | positivity |
| Rachel reeves driving up prices with tax and spend budget warns Bank of England on 09:56 - Nov 8 by DJR |
There is very little evidence (either on TWTD or elsewhere) that people's views can be successfully challenged.
[Post edited 8 Nov 2024 9:57]
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zap's algorithms won't let him change, sure.
however, someone casually perusing the board may see disinformation unchallenged and not have time to check it | |
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