Inept Government

[Deereyme66]

‘You don’t know what you’re doing, you don’t know what you doing!’ The fact Truss and Kwarteng couldn’t see this would happen is pretty frightening. No clue, no idea. But hey, let’s slag off the BBC for not serenading the fiscal actions of these two clowns.

Pound plunges to 50-year low and is now only just worth more than a dollar

[64]

Would be an incredible achievement to be elected leader of your party, become Prime Minister, kill the queen, tank the pound and get fired all within one menstrual cycle.

[Deereyme66]

What would they do if they fired her? Piss about for 3 months while they decide which of the remaining imbeciles to put in charge? The barrel’s already been scraped. Not sure what’s left, but you can bet your life it’ll be a bigger idiot than the last one.

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bartonscorpion

[Siderite]

Rees-Mogg?

[Iron-awe]

Siderite wrote:

Rees-Mogg?

First job would be scrap London buses and reintroduce Hansom cabs.

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TwoWrights

[Northumbiron]

Return of the Workhouse for those who can’t afford their energy bills?

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TwoWrights

[Deereyme66]

I’d normally find these responses amusing but the new BDMFs in charge are attempting to push our country off the cliff edge. Worrying times just got more worrying. And it’s Monday!

[Iron-awe]

Never lose your sense of humour DM, it’s one of the things they can’t take off you but your right to be concerned, this government is taking a massive gamble and as usual it’s at the expense of the ordinary people not the rich and priviledged.

[Deereyme66]

And it’s still Monday!

[Iron-awe]

Tell me why I don’t like Mondays, Geldof and his gang got it spot on.

[Deereyme66]

Great news, Monday’s over and Tuesday spells more optimism. The rate that Laurel & Hardy are going at, their snake colleagues will oust them within 6 months and unwittingly instigate an early General Election, by which time Labour will be even further ahead in opinion polls with a decent manifesto. The best the Tories can hope for is a hung parliament, at which point, coalition time and good night Jacob.

[Iron-awe]

Mortgage offers being withdrawn by the shed load, it just gets better and better for St Liz.

[bartonscorpion]

What a bloody mess Britain is now in, the actions taken by this government are making things even worse if that is possible, I think that things are presently in such a sad state, that it is difficult seeing how anything can be fixed, but how anyone can see that making the rich get richer, and all bills for the normal or poor devils (these are probably the same people), Trussstated that her ways would be unpopular, so at least she is correct with that statement.

To knock the very high earners 45% tax raye stinks.
What bloody difference will knocking off 1 penny off tax make to a low earner, nothing.
Who and how many Bankers will pocket millions by stopping their big fat bonuses.
What was actually given to pensioners that are on £9,000 a bloody year, this will just about pay their Gas / Elect, Water, Comunity charge, rent or mortgage payments,, phone bill, TV licence and home insurance payments, that is without looking at food bills with iten going up every week, and the cost of fuel if you manage to run a car.

Things have now reached the point when this must end in a national strike, and many people stealing from shops and houses in order to try to survive, the rich and investers have made a killing over the past few weeks in the money markets, at the same time when people without work or not able to work, and low paid workers and pensioners are looking how they are going to keep warm or feed their family over winter.

But the government can still borrow £15 billion per year to donate to countrys like Nigeria etc, and put up 45,000 drop out boat invaders in hotels at a cost of 5 million pounds per day, yes the tax payers will pay the bills ha ha, what a bloody joke. So very sad when at the same time British people cannot afford to buy a home of their own because of the very high house prices and mortgage payments that are heading in one direction, thinking back how great the 1950 / 60s were.

So lets get ready for our Gas/Elect bills rising even more rapidly in four days time, and your mortgage payments will be probably have 5% interest charges in a few months instead of maybe 1.75% at present, but please be reminded that there are foods banks in most area’s for us, whilst the rich get even more richer.

So wrap up well for a very long winter and eat what you can afford to buy, and good luck and God Bless you all.

[billpuntonsghost]

..and we voted to secure our borders with the Brexit vote,but the Tories didn’t implement our wishes because the “Establishment”were adamant Remainers ,and were determined to go against our wishes.

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bartonscorpion

[Siderite]

Yes. Boris Johnson, Priti Patel, Michael Gove, Steve Baker, Jacob Rees-Mogg etc. Those well known campaigners for remain.

[Deereyme66]

billpuntonsghost wrote:

..and we voted to secure our borders with the Brexit vote,but the Tories didn’t implement our wishes because the “Establishment”were adamant Remainers ,and were determined to go against our wishes.

Is that it? Seriously, is that all you’ve got?

[TwoWrights]

billpuntonsghost wrote:

..and we voted to secure our borders with the Brexit vote,but the Tories didn’t implement our wishes because the “Establishment”were adamant Remainers ,and were determined to go against our wishes.

No crisis here as the Lord will provide.

[Iron-awe]

Don’t expect any different from them DM, it’s always somebody else’s fault not the ones they blindly follow without question.

[Siderite]

Don’t worry everyone. These geniuses have identified the true cause of the pound crash:

I still think the market reaction was mainly to what the mini-Budget said about the BoE decision, but I've thought of a potential secondary factor. The market may have felt that the mini-Budget implied a Labour victory in 2024/25 is more likely than they had previously thought.+

— Andrew Lilico (@andrew_lilico) September 26, 2022

From @DanielJHannan: No, the pound isn’t crashing over a trifling batch of tax cuts. It’s because the markets are terrified of @Keir_Starmer. https://t.co/l06p3fdwkE

— ConservativeHome (@ConHome) September 28, 2022

That’s right, the market reacted so briskly to the possibility of a Labour government coming in when we don’t have knowledge of the outcome or even the date of the election. We can’t predict the financial outcomes of Brexit, but we can definitely state the financial impacts of election outcomes for times unspecified.

Their lack of personal responsibility is becoming impossible to satirise.

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Deereyme66

[Bucksiron]

The markets have completely over reacted and the IMF should be ignored. Kwarteng had no choice but to step in over energy costs, generated it must be said by absurd net-zero targets and made worse by Putin. This cut inflation at a stroke, which reinforces what many people are ignoring, i.e. that inflation is not being driven by an overheated economy but by soaring energy costs. Of course inflation is still too high, but again that isn’t down to an overheating economy. The main culprit is still the cost of energy, which means the cost of everything else is going up while supply-side problems have been exacerbated by the world recovering from the pandemic.

Kwarteng needs to hold his nerve. The BoE can step in if and when necessary, which will almost certainly mean further increases in interest rates but even when this happens interest rates won’t be high. As for those with mortgages, welcome to the real world and savers will benefit, which they haven’t for many years. Regarding tax, removing the higher rate isn’t a problem fiscally and the left’s just using it for political purposes. The idea this could be used “to pay for nurses” is absurd when you consider that the public sector pension liability is now as big as, if not greater than government debt at around £2.5 to £3 TRILLION. Just a fraction of this would address poverty and the NHS overnight but, strangely enough, it’s never raised by the left.

Ultimately, the poor state of the economy will continue until energy costs are made affordable. The elephant in the room is that the drive to net-zero has been attempted far too quickly across the Western World. Everything that’s happened could have been avoided had Boris not chased a stupid net-zero target and the likes of Germany hadn’t relied on Putin. Biden is taking the USA in the same direction while Australia’s turning into a basket case going along similar lines.

Let’s be 100% clear about this, poverty is now being driven primarily by ridiculous net-zero targets. Don’t say you weren’t warned.

[Siderite]

You can make all the excuses you want, the fact is that your ideologues are in charge and all you have are excuses. As big a wrecker of the economy as Corbyn with theirs and your fantasy ideologies.

It’s all because of net zero, yet the dollar is rising (and was the excuse for the slump). Yet, somehow, this ultimate cause of our predicament isn’t having much of an effect in the USA.

The Conservatives: The party of zero personal responsibility.

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Deereyme66

[Siderite]

Kwarteng had no choice to step in and come up with the bonkers plan he did, which achieves nothing and will (in all likelihood) achieve nothing? Even many Tories are aghast, because they know how daft it is.

Energy costs are rising. Yet other nations didn’t crash the pound with their plans. Oh, wait, that’s someone else’s fault. It always is.

Meanwhile, we’re left with the fantasy that cutting tax burdens for the rich will help those who really need it. If I wanted to write a budget which would lose support for the Tories, I couldn’t have done a better job.

[Siderite]

Well, that BoE stabilisation went well. Pension funds are getting hammered and losing funds. Someone tell reality that it’s over-reacting*.

*And if not, it’s because of Starmer or woke IMF or the deep state remainers or the pound sterling is a communist!

[Iron-awe]

Buck’s in full PR mode in defence of his beloved Tory government, I’m sure he’s on the payroll because his statement above is just ridiculous and this chancellor and his PM are looking more ridiculous day by day. Oh and they haven’t said a word about the current f**k up since the shit began hitting the fan, wonder why? They had plenty to say to the country when looking for top jobs in the Government a few weeks back.

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Gurnelista, Deereyme66, bartonscorpion

[Deereyme66]

Lol, Bucksiron to the rescue! Do me a favour. You can pontificate and spin as much you like mate, and no doubt you will because, my, things must be bad for you to wheel out or be wheeled out in feeble defence of a wretched Party that thankfully swathes of the country are realising is corrupt and clueless. No one believes your Party and its supporters lies any more Bucks. Give it in as a bad job. Save yourself the bother.

[Bucksiron]

Same old suspects. Same old responses. No constructive argument, just insults. Why should anyone be surprised. I’m certainly not.

As for the dollar rising against the pound, if you think that’s because the USA economy’s in good shape then you need to find out a bit more about what’s really happening. Biden’s energy policies are even worse than Boris’s and his approval rating even lower than Corbyn’s. What’s helped the USA is that they ARE fracking, but don’t bet on Biden ruining that as well. He’s certainly doing his best to do so. Other countries’ economies are in far worse shape than ours, including Germany, because of their absurd net-zero policies.

But let’s be clear, I’m not supporting the Tory Government at all. It was Boris’s stupidity to support crazy net-zero targets and continue with lockdowns, which the data is now revealing to have been massive mistakes. All of this, of course, supported by Labour and the same old suspects on here.

Truss and Kwarteng need to hold their nerve. Tell the IMF to take a running jump and get energy costs down as quickly as possible, because that’s the only way any government in any country will be able to move forward.

[Siderite]

I have not insulted you. I have criticised your argument. Bore off with your martyr complex.

Net zero is not why the pound crashed. The point is that this has been caused by Kwarteng’s and Truss’s non-budget. The rising dollar shows that it’s not a global phenomena. You may be ok with mortgages becoming unaffordable and pension funds crashing, but the poorer aren’t.

You fumbling around just makes me trust your economic opinion less.

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Deereyme66

[Siderite]

And, no, that is not an insult. I am not beholden to hold your opinion in great esteem, just as you aren’t with others, as you often have shown.

[Iron-awe]

Ha ha ha, he soon resorted to the old insult ploy, probably three responses earlier then usual, good old Buck’s the broken man of Iron Bru.

[Deereyme66]

I already pre-empted your baseless accusations of ‘insults’ on another thread Bucks. Didn’t pre-empt ‘usual suspects’ though so you got me there! The logic of the Tories is in a tailspin snd looks like you’re on that plane. This clip would be funny if it wasn’t so bizarrely true:

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Gurnelista

[Author]

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