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Green Cockade
Liam Brady Joined: 22 Jan 2020 Location: Belfast Status: Offline Points: 2680 |
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So is the Daily Mail but interestingly the Murdoch press backed Badenoch. The days of newspapers deciding general elections ( “ It was the Sun wot won it” ) are over in the age of the internet but the Tory press will still be a factor for the next PM given the very narrow blinkered electorate that makes up the membership of the Conservative party. It will all end in tears.
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Offline Points: 42935 |
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It's a no brainer for those feckers.
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Double Maxim without doubt the greatest drink in the world
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colemanY2K
Roy Keane Fresh minty breath Joined: 01 Mar 2010 Location: London Status: Offline Points: 14959 |
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UK inflation to hit 18.6% next year according to Citi
UK inflation is on course to hit 18.6 per cent in January — the highest peak in almost half a century — because of soaring wholesale gas prices, according to a new forecast from Citigroup based on the latest market prices. The investment bank predicted that the country’s retail energy price cap — which limits how much households pay for heating and electricity — would be raised to £4,567 in January and then £5,816 in April, compared with the current level of £1,971 a year. It added that the shifts would lead to inflation “entering the stratosphere”. “We now expect CPI inflation to peak at over 18 per cent in January,” said Benjamin Nabarro, chief UK economist at Citi. That would be higher than the peak of inflation after the second Opec oil shock of 1979 when CPI reached 17.8 per cent, according to estimates from the Office for National Statistics. Such a rate of inflation would squeeze household incomes hard and further push the UK economy into recession, but Nabarro said the scale of the likely inflation would push the Bank of England to tighten monetary policy further. UK and European wholesale natural gas prices are already trading at close to 10 times normal levels and other forecasters have also raised their inflation predictions. Goldman Sachs and EY said they expected an inflation rate of at least 15 per cent around the start of next year and the Bank of England said this month that inflation would exceed 13 per cent towards the end of the year. The energy regulator Ofgem will on Friday announce the energy price cap for the period between October and January, which most analysts expect to rise to more than £3,500 for a household with average usage of energy — an increase of 75 per cent on current levels. Based on the latest wholesale costs, Citi expects a higher figure for the fourth quarter of £3,717 with forecasts for 2023 looking to be “substantially greater”. Nabarro said Citi’s new forecasts had taken account of a 25 per cent increase in wholesale gas prices last week and a 7 per cent rise in wholesale electricity prices. “Even with the economy softening, last week’s data reaffirmed the continued risk of pass through from headline inflation into wage and domestic price setting could accelerate,” he said. The rate of inflation has exceeded expectations in most months of this year as price rises have spread through the economy. The ONS said it stood at 10.1 per cent in July, the highest level in more than 40 years and the highest rate among G7 countries. With the energy squeeze likely to intensify, the candidates for the Conservative party leadership have focused their fire on each other’s plans to support households ahead of Ofgem’s announcement on Friday. Allies of Liz Truss, the frontrunner, said she was likely to introduce a package of support alongside tax cuts in an emergency Budget in September and that would not be accompanied by independent economic forecasts from the Office for Budget Responsibility because it would be a limited event. Her rival Rishi Sunak’s team has criticised this approach, saying, “Truss cannot deliver a support package as well as come good on £50bn worth of unfunded, permanent tax cuts in one go”. Edited by colemanY2K - 22 Aug 2022 at 5:21pm |
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"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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notpropaganda73
Liam Brady Joined: 17 Feb 2016 Location: Donegal Status: Offline Points: 1046 |
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pretty mad to see the likes of Johnson and Patel being booted out and thinking whoever comes in is gonna be worse
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Green Cockade
Liam Brady Joined: 22 Jan 2020 Location: Belfast Status: Offline Points: 2680 |
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Mad Nad is gone as well, Bojo will give her a seat in the Lords. Truss is awful, she has appointed only cronies and lickspittles to Cabinet posts and will have a majority of her own MPs against her and ready to rip her up when opportunity arises as it inevitably will. She also has a low support base compared with other Tory leaders elected by the membership and is widely regarded as an incoherent muppet by the wider electorate. Joe Biden has already given her a warning about her attitude to Ireland and the EU. Matter of time before this rabble of incompetents goes down in flames.
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B6 6HE
Liam Brady Joined: 25 Aug 2021 Status: Offline Points: 1028 |
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Ms. Truss is an attractive looking lady. Has had an affair previously.
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Offline Points: 42935 |
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Their education sums them up and its why they are out of touch with the working class.
How representative is Liz Truss’s cabinet of the UK population? New PM has appointed a team that is historically inclusive in some regards. But how well does it represent the population it will ... |
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Double Maxim without doubt the greatest drink in the world
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RogerMilla
Moderator Group #TEAMJAVIER #ENGANCHE Joined: 15 Feb 2007 Location: Delaney Park Status: Offline Points: 34858 |
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Some journey from Mayo to the house of lords
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The first time the Devil made me do it. The second time I did it on my own.
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9fingers
Paul McGrath Ballymun Resident #MONKEANO Joined: 30 Jan 2010 Status: Online Points: 16141 |
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Liz & Kwasi have crashed the pound talk of letters of no confidence doing the rounds already.
One thing you can be sure of is the Tories personal finances will have benefited from this development
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Green Cockade
Liam Brady Joined: 22 Jan 2020 Location: Belfast Status: Offline Points: 2680 |
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Godsend for the hedge funds. Clown car of a Cabinet.
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colemanY2K
Roy Keane Fresh minty breath Joined: 01 Mar 2010 Location: London Status: Offline Points: 14959 |
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Numerous banks have this evening have stopped offering mortgages including Halifax the UK's largest mortgage lender. Housing crash here we come. Edited by colemanY2K - 26 Sep 2022 at 7:02pm |
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"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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colemanY2K
Roy Keane Fresh minty breath Joined: 01 Mar 2010 Location: London Status: Offline Points: 14959 |
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The IMF has released a statement this evening urging the British government to reverse course, in addition Janet Yellen the US treasury secretary stated this evening they are keeping an eye on developments in the UK. The fear is the UK crisis will spread.
Way to go Liz Edited by colemanY2K - 28 Sep 2022 at 1:09am |
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"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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Borussia
Roy Keane Joined: 14 Oct 2010 Location: UK Status: Online Points: 10712 |
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Truss finally comes out of her bunker and does a round of interviews on BBC local stations where she is being destroyed. If this wasn't going to completely ruin people this would actually be funny.
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9fingers
Paul McGrath Ballymun Resident #MONKEANO Joined: 30 Jan 2010 Status: Online Points: 16141 |
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I heard 2 clips and 1 in particular about fracking in Yorkshire was hilariously bad. She’s in way way over her head
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Shedite
Jack Charlton Joined: 09 Dec 2011 Status: Offline Points: 9819 |
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Green Cockade
Liam Brady Joined: 22 Jan 2020 Location: Belfast Status: Offline Points: 2680 |
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She’s reading off prepared scripts, hence the silences before she trots out the “ line to take” and not answering the question. Fair play to the local radio hosts who are not throwing her softballs. She and Kwarteng should go back into hiding. I don’t know how they get out of this self-inflicted horror show. Conservative Party conference next week should be good for a laugh but the chaos will continue as will the consequences of their insane behaviour.
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Denis Irwin
Robbie Keane Stay Home & watch Lethal Weapon Joined: 03 Feb 2008 Location: Ath Cliath Status: Offline Points: 37950 |
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Thirty Three point lead for Labour in latest YouGov poll. Taken yesterday and today
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Eamonn Dunphy:"I'll tell you who wrote it, Rod Liddle, he's the guy who ran away and left his wife for a young one".
Bill O'Herlihy: Ah ye can't be saying that now Eamonn |
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Offline Points: 42935 |
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If only the general election was imminent and not two years away.
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Double Maxim without doubt the greatest drink in the world
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