General chat.& Random stuff
- Thread starter swantastic
- Start date
-
Please bear with us on the new site integration and fixing any known bugs over the coming days. If you can not log in please try resetting your password and check your spam box. If you have tried these steps and are still struggling email [email protected] with your username/registered email address
-
You must log in or register to see media
You must log in or register to see media
You must log in or register to see media
You must log in or register to see media
You must log in or register to see media
Last edited:
Are all those Hollywood and singing brit and yank bullshitters like Khan etc. going to **** off out of the countries like they said they would if Trump won ? Hypocrites !
You must log in or register to see media
You must log in or register to see media
Last edited:
https://www.dailymail.co.uk/news/ar...can-pundit-Scott-Jennings-Trump-election.html
A pundit speaking about Labour in 2029?
A pundit speaking about Labour in 2029?
UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week's Budget.
The Bank cut interest rates to 4.75% from 5% in a move that had been widely expected.
But it indicated that while the extra spending outlined in the Budget would initially boost growth, measures such as raising the cap on bus fares and VAT on private school fees would push prices up at a faster rate.
Bank governor Andrew Bailey said rates were likely to "continue to fall gradually from here”, but cautioned they could not be cut "too quickly or by too much”.
“The path is downward from here. We’ll see how quickly and by how much. I do emphasise the word gradual and the reason for that is there are a lot of risks out there in the world at large and also domestically," he told the BBC.
Investors now do not expect any further rate cuts this year, with the Bank likely to hold rates at its next meeting in December.
Capital Economics economist Paul Dales said he now expected rates to fall slower to 3.5% in early 2026 rather than to 3%.
Inflation – which measures the pace of price rises – fell below the Bank’s 2% target in the year to September, but was always expected to rise again after gas and electricity prices rose last month.
It was then forecast to drop back to 2% by 2026, but the Bank now expects that to happen in the following year.
The Bank's rate setting body - the Monetary Policy Committee - voted 8-1 in favour of the cut.
Catherine Mann voted to keep rates on hold citing the impact of the Budget on inflation as one of the reasons.
The Bank cut interest rates to 4.75% from 5% in a move that had been widely expected.
But it indicated that while the extra spending outlined in the Budget would initially boost growth, measures such as raising the cap on bus fares and VAT on private school fees would push prices up at a faster rate.
Bank governor Andrew Bailey said rates were likely to "continue to fall gradually from here”, but cautioned they could not be cut "too quickly or by too much”.
“The path is downward from here. We’ll see how quickly and by how much. I do emphasise the word gradual and the reason for that is there are a lot of risks out there in the world at large and also domestically," he told the BBC.
Investors now do not expect any further rate cuts this year, with the Bank likely to hold rates at its next meeting in December.
Capital Economics economist Paul Dales said he now expected rates to fall slower to 3.5% in early 2026 rather than to 3%.
Inflation – which measures the pace of price rises – fell below the Bank’s 2% target in the year to September, but was always expected to rise again after gas and electricity prices rose last month.
It was then forecast to drop back to 2% by 2026, but the Bank now expects that to happen in the following year.
The Bank's rate setting body - the Monetary Policy Committee - voted 8-1 in favour of the cut.
Catherine Mann voted to keep rates on hold citing the impact of the Budget on inflation as one of the reasons.
I’m waiting to see what the Government’s so-called new Steel Strategy that is to be launched in the Spring of 2025 says …..
Conveniently too late for Port Talbot’s Blast Furnace manufacturing configuration/process.
I’d have thought and expected that the new Labour Government would have intervened and instructed Tata not to stop the Heavy End until the Strategy had been fully assessed, worked through and then developed - in other words, keep all options open in the National Interest?
Unless , of course, the Strategy has already been decided . Or they’ve just thought of the need to have one because the question has been asked?
Last edited: