| Government heading for bringing the BoE back under their remit then? 10:37 - Oct 12 with 1654 views | homer_123 |
https://www.bbc.co.uk/news/av/uk-politics-63228024
JRM suggests interest rate differentials are to blame for the economic crisis and not the mini-budget. When asked what the Gov will do, he states that it's a monetary policy issue and lies with the BoE.
To me, this has all the hallmarks of the Gov wanting to bring back the BoE into their control and not have it sitting independently. |  |
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| Government heading for bringing the BoE back under their remit then? on 10:38 - Oct 12 with 1402 views | Cotty |
It has all the hallmarks of some tvvats trying to blame anybody but themselves. |  | | |
| Government heading for bringing the BoE back under their remit then? on 10:40 - Oct 12 with 1394 views | StokieBlue |
Truss put it as a goal when she was running for the leadership, it didn't go down well then and it won't go down well now.
Yet another huge decision which she will aim to take without any mandate.
With the BoE now going against the government with regards to bond buybacks she is likely to expedite the process.
Regardless of party, we should never have a change of PM which doesn't go to the general populace, it's just an excuse for a party to have a freehand and do whatever they like regardless of what people voted for.
SB |  | | |
| Government heading for bringing the BoE back under their remit then? on 10:40 - Oct 12 with 1387 views | homer_123 |
| Government heading for bringing the BoE back under their remit then? on 10:38 - Oct 12 by Cotty |
It has all the hallmarks of some tvvats trying to blame anybody but themselves. |
I take that as a given Cotty. | |
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| Government heading for bringing the BoE back under their remit then? on 10:43 - Oct 12 with 1374 views | Cotty |
| Government heading for bringing the BoE back under their remit then? on 10:40 - Oct 12 by StokieBlue |
Truss put it as a goal when she was running for the leadership, it didn't go down well then and it won't go down well now.
Yet another huge decision which she will aim to take without any mandate.
With the BoE now going against the government with regards to bond buybacks she is likely to expedite the process.
Regardless of party, we should never have a change of PM which doesn't go to the general populace, it's just an excuse for a party to have a freehand and do whatever they like regardless of what people voted for.
SB |
I think a change of PM is fine if the direction of travel remains largely the same (although one might ask what the point is). This hand break turn down a dark alleyway is not ok. | | | |
| Government heading for bringing the BoE back under their remit then? on 10:43 - Oct 12 with 1373 views | bluelagos |
| Government heading for bringing the BoE back under their remit then? on 10:40 - Oct 12 by StokieBlue |
Truss put it as a goal when she was running for the leadership, it didn't go down well then and it won't go down well now.
Yet another huge decision which she will aim to take without any mandate.
With the BoE now going against the government with regards to bond buybacks she is likely to expedite the process.
Regardless of party, we should never have a change of PM which doesn't go to the general populace, it's just an excuse for a party to have a freehand and do whatever they like regardless of what people voted for.
SB |
"Regardless of party, we should never have a change of PM which doesn't go to the general populace"
We'd be left with Johnson debasing the whole parliamentary system for another 2 years in that scenario... |  |
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| Government heading for bringing the BoE back under their remit then? on 10:46 - Oct 12 with 1364 views | StokieBlue |
| Government heading for bringing the BoE back under their remit then? on 10:43 - Oct 12 by Cotty |
I think a change of PM is fine if the direction of travel remains largely the same (although one might ask what the point is). This hand break turn down a dark alleyway is not ok. |
Exactly.
If it's a continuation of a manifesto voted on by the public then fine, however this clearly isn't and I'm not sure we can trust that to be the case in the future so a reset and an election is the safer alternative in these scenarios.
We have an unelected PM ruining our country with no mandate and with seemingly no sense.
SB [Post edited 12 Oct 2022 10:47]
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| Government heading for bringing the BoE back under their remit then? on 10:47 - Oct 12 with 1361 views | StokieBlue |
| Government heading for bringing the BoE back under their remit then? on 10:43 - Oct 12 by bluelagos |
"Regardless of party, we should never have a change of PM which doesn't go to the general populace"
We'd be left with Johnson debasing the whole parliamentary system for another 2 years in that scenario... |
Well that's the problem with vested interests and the political structure but something has to be done.
What's the point of a GE and a manifesto if you can just change leader and then do whatever you want that nobody was consulted on or voted for?
SB | | | |
| Government heading for bringing the BoE back under their remit then? on 10:53 - Oct 12 with 1333 views | bluelagos |
| Government heading for bringing the BoE back under their remit then? on 10:47 - Oct 12 by StokieBlue |
Well that's the problem with vested interests and the political structure but something has to be done.
What's the point of a GE and a manifesto if you can just change leader and then do whatever you want that nobody was consulted on or voted for?
SB |
I'd be a bit more radical. For starters I'd introduce PR as the idea that 40% of the vote being a mandate is a bit bizarre to me.
When I studied maths, 40% was less than half, yet politicians of all colours think a parliamentary majority secured on a minority vote gives them a mandate for their policies - when the majority of the voters have explicitly rejected them. | |
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| Government heading for bringing the BoE back under their remit then? on 11:01 - Oct 12 with 1304 views | Cotty |
JRM now suggesting that the BBC have broken impartiality by suggesting market turmoil is linked to the mini budget. This is genuinely terrifying stuff. Do we already live in a fascist state? | | | |
| Government heading for bringing the BoE back under their remit then? on 11:05 - Oct 12 with 1264 views | bluelagos |
| Government heading for bringing the BoE back under their remit then? on 11:01 - Oct 12 by Cotty |
JRM now suggesting that the BBC have broken impartiality by suggesting market turmoil is linked to the mini budget. This is genuinely terrifying stuff. Do we already live in a fascist state? |
Listening to Kwasi in parliament the other day stating that the Govt had the plans in place to reduce spending (when they clearly do not) was quite bizarre.
Problem is - they are so used to lying - it just falls out of their mouths. Which is fine if your audience is the electorate - but at the moment it is "the city" they need to convince and they simply don't seem to believe a word of their bullsh1t at present. | |
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| Government heading for bringing the BoE back under their remit then? on 11:10 - Oct 12 with 1233 views | Steve_M |
This is why you don't put idiots into your cabinet. Especially those who are caricatures too.
Taking away the BoE's independence won't happen now because the market reaction will be dreadful. |  |
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| Government heading for bringing the BoE back under their remit then? on 11:15 - Oct 12 with 1214 views | blueislander |
| Government heading for bringing the BoE back under their remit then? on 11:01 - Oct 12 by Cotty |
JRM now suggesting that the BBC have broken impartiality by suggesting market turmoil is linked to the mini budget. This is genuinely terrifying stuff. Do we already live in a fascist state? |
JRM is totally arrogant, and considers that the populace are not equipped to have any opinions that differs from him. The interview on BBC Breakfast showed him at his worst. |  | | |
| Government heading for bringing the BoE back under their remit then? on 11:16 - Oct 12 with 1200 views | homer_123 |
| Government heading for bringing the BoE back under their remit then? on 11:10 - Oct 12 by Steve_M |
This is why you don't put idiots into your cabinet. Especially those who are caricatures too.
Taking away the BoE's independence won't happen now because the market reaction will be dreadful. |
Market reaction doesn't appear to have been an issue so far for this government! | |
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| Government heading for bringing the BoE back under their remit then? on 11:17 - Oct 12 with 1202 views | StokieBlue |
SB | | | |
| Government heading for bringing the BoE back under their remit then? on 11:23 - Oct 12 with 1174 views | DanTheMan |
| Government heading for bringing the BoE back under their remit then? on 11:17 - Oct 12 by StokieBlue |
SB |
They're supposed to be going at least a bit higher, right?
I remember when the 2008 crash was a once-in-a-lifetime event. TWTD. |  |
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| Government heading for bringing the BoE back under their remit then? on 11:30 - Oct 12 with 1154 views | homer_123 |
| Government heading for bringing the BoE back under their remit then? on 11:17 - Oct 12 by StokieBlue |
SB |
It's OK - it's not the Governments fault - it's those pesky Fed Reserve guys in the states.....grrrrr | |
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| Government heading for bringing the BoE back under their remit then? on 11:32 - Oct 12 with 1148 views | Steve_M |
| Government heading for bringing the BoE back under their remit then? on 11:23 - Oct 12 by DanTheMan |
They're supposed to be going at least a bit higher, right?
I remember when the 2008 crash was a once-in-a-lifetime event. TWTD. |
Surely you mean Labours global financial crisis.
And the failure of the Miliband-era Labour Party to push back against that ludicrous narrative was nearly as big an error as appointing Corbyn leader. | |
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| Government heading for bringing the BoE back under their remit then? on 11:32 - Oct 12 with 1147 views | StokieBlue |
| Government heading for bringing the BoE back under their remit then? on 11:23 - Oct 12 by DanTheMan |
They're supposed to be going at least a bit higher, right?
I remember when the 2008 crash was a once-in-a-lifetime event. TWTD. |
Probably going to go quite a bit higher I would think and then once there they won't go down again or at least not very quickly.
SB | | | |
| Government heading for bringing the BoE back under their remit then? on 12:09 - Oct 12 with 1028 views | BlueBadger |
| Government heading for bringing the BoE back under their remit then? on 11:32 - Oct 12 by Steve_M |
Surely you mean Labours global financial crisis.
And the failure of the Miliband-era Labour Party to push back against that ludicrous narrative was nearly as big an error as appointing Corbyn leader. |
At the risk of sounding like a left wing Chico, I said at the time that Milliband was a weak leader who'd probably make a solid(at least) cabinet minister. Some of his recent performances certainly suggest I might have been on the right lines there. |  |
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| Government heading for bringing the BoE back under their remit then? on 13:21 - Oct 12 with 953 views | jaykay |
| Government heading for bringing the BoE back under their remit then? on 11:32 - Oct 12 by Steve_M |
Surely you mean Labours global financial crisis.
And the failure of the Miliband-era Labour Party to push back against that ludicrous narrative was nearly as big an error as appointing Corbyn leader. |
plus thatcher government raising interest rates to 17% and john majors government raising the rate to 15% can be added to that |  |
| forensic experts say footers and spruces fingerprints were not found at the scene after the weekends rows |
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| Government heading for bringing the BoE back under their remit then? on 13:44 - Oct 12 with 917 views | noggin |
| Government heading for bringing the BoE back under their remit then? on 11:15 - Oct 12 by blueislander |
JRM is totally arrogant, and considers that the populace are not equipped to have any opinions that differs from him. The interview on BBC Breakfast showed him at his worst. |
The Brexit vote would indicate he's correct. |  |
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| Government heading for bringing the BoE back under their remit then? on 13:57 - Oct 12 with 880 views | bungaytractor |
Bond purchase taperings a mugs game if you think about it keep buying bonds i reckon | | | |
| Government heading for bringing the BoE back under their remit then? on 14:27 - Oct 12 with 840 views | BlueBadger |
| Government heading for bringing the BoE back under their remit then? on 13:57 - Oct 12 by bungaytractor |
Bond purchase taperings a mugs game if you think about it keep buying bonds i reckon |
I've got all the films on DVD and I'm still skint, should I upgrade to Blu-ray? [Post edited 12 Oct 2022 14:48]
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| Government heading for bringing the BoE back under their remit then? on 14:36 - Oct 12 with 823 views | bungaytractor |
| Government heading for bringing the BoE back under their remit then? on 14:27 - Oct 12 by BlueBadger |
I've got all the films on DVD and I'm still skint, should I upgrade to Blu-ray? [Post edited 12 Oct 2022 14:48]
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Bluray is like betamax really load of rubbish.....
But theres a good joke for new bond film and he doesnt have q but he has qe and mrs monetarypolicy instead lol | | | |
| Government heading for bringing the BoE back under their remit then? on 14:38 - Oct 12 with 813 views | XYZ |
| Government heading for bringing the BoE back under their remit then? on 14:36 - Oct 12 by bungaytractor |
Bluray is like betamax really load of rubbish.....
But theres a good joke for new bond film and he doesnt have q but he has qe and mrs monetarypolicy instead lol |
I thought the point of this creation was to do unfunny jokes? | | | |
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