I know what you want to be the point. I want to know how much of it has been spent so far. We should be sitting at what, about 40 billion by now? 45? Committing to spend if necessary - and it wasn't - is not the same as spending.
Your point is irrelevant, the BoE had to make a statement to steady the market to prevent a financial crisis that would have wiped out our pension funds. The BoE says UK was on brink of crisis after market turmoil as a result of your tory government hitting the ground running mini-budget
And your point is irrelevant because they didn't spend the money they committed to spending. You realise the bank of England spends money in a similar manner all the time, right? Buying and selling as necessary to maintain the foundations of the economy. https://fullfact.org/economy/bank-of-england-65-billion-gilts-mini-budget/
Without their intervention all of our pensions would have been wiped out, the amount they were willing to bail the government out steadied the market, not the actual amount needed each day... you do get that right?
Regardless of how good or bad Labour might be, they've got to be handed a chance after the way the Tories have behaved over the last few years.
Folk are allowed a different viewpoint to the Labour party. It doesn't mean they're here to wind people up.
Blondie just loves being hysterical without ever fully understanding what he's mumbling his gums about.
It will be interesting to see what they come up with, when they are the government, but I would suggest they will do knack all, blaming the Tories for spending all the money, the same as what the Tories said about them, and so it goes on and on.
There's never been a good or honest government in my lifetime. Labour will have two or three terms and they'll massively **** up on something leaving the door open for the Tories to get back in. You're right, we just go around in circles.
A lot, not all, but a lot of the stuff that the public blames the government for is actually the result of world wide events that any given government can only do so much about. All they can control is their response to these events and in a lot of cases a different response is only going to make a minimal difference. That applies to what's happening now and things like the three day week, the winter of discontent, and all these other things that people try to pin on whichever party was in power at the time. When Labour get in, as they surely will now, there will inevitably be some event that causes some kind of kerfuffle and there will be people unhappy with how they respond to it. And, as like all these things, people will get hold of snippets of information and, either deliberately or through not fact checking, will blow it all out of proportion to use as a stick to beat the government with.
PM Harold Macmilluan was once asked what was the greatest challenge as a statesman... "Events dear boy, events"
If they or any political party won't my vote they have to earn it. Doesn't look like l will be voting. Maybe first past the post dose not work any more and need a much more balanced Westminster for it to work successfully.
BBC News - Trade minister Conor Burns sacked from government... https://www.bbc.co.uk/news/uk-politics-63177669 Tory whips have now confirmed that Burns has indeed had the party whip suspended pending an investigation into allegations of “inappropriate behaviour”. This is the guy the tories wheeled out to defend The Liar in his final day's.
The kind of thing they do all the time, to lesser or greater extents. That's their job, and it's why they're independent.
You say the kind of thing they do all the time, to lesser or greater extents. That's inaccurate, they don't bail the government out regularly for £65b due to the incompetent tory mini-budget which nearly took out and crashed all of our pensions.
You may have had 15 years worth of historically cheap mortgage repayment rates. It's younger people who struggled to get on the ladder that will suffer most. The vast majority of people are not 15 years into a mortgage.
Yes, the whole lot nearly went, became worthless, due to the incompetent tory mini-budget which had spooked the market. Hence the need for the BoE to make a statement of intent, the message to the markets was they are bailing the government out to the tune of £65b, not just the actuals, £3.6b, which steadied the markets nerves. For now. The tories still need to show their hand.
