Just to clarify in case anyone should think John McTernan is involved with the Government today. He was Former Director of Political Operations to Tony Blair from 2005 to 2007 and is now or was recently a political strategist for BCW a communications agency. More than a bit of a twat to come out with such a comment.
Really? A rise of 0.3% isn't really a cause for concern. Besides, that was in the months before the budget was announced. I'm anti-Labour, but I can't find anything there to have a go at Labour for.
But the stuff from the Budget doesn't actually start happening until next April. Now, some companies may take action before that but we won't get a full picture of the effects until next year. I have serious concerns as well but it's too early to make any accurate judgement.
If I remember rightly, you predicted the budget would cause a stock market crash of Truss like proportions, runaway inflation, rising interest rates, and spiralling government bond yields. None of your predictions have so far come to pass, so why don’t you, for the sake of your own dwindling credibility, get back in your box until you finally get something right?
Yes but the Budget doesn't come into effect until next April, so any impacts won't be known until the measures actually come into effect. This applies to both sides of the argument.
Yes, sure; we have to wait and see what the long term effect of Labour’s fiscal policy will be. But the markets didn’t wait before reacting to the Truss/Kwarteng budget, so Rachel Reeves can already claim considerably more credibility than her predecessors. Many right wing commentators in the press predicted that Reeves’ budget would unravel in a similar way to Kwarteng’s, btw. - and Os was quick to echo them. But it turns out Labour had at least done their preliminary sums well enough to calm nerves in the City (something Gordon Brown always achieved also btw).
True, but that was a catastrophic ****fest so not difficult for Reeves to claim more credibility there. With Labour's Budget, I have my concerns, particularly about the NI rises for employers. But I'll wait and see.
Lots of good points there Bearing in mind also that I believe 75% of refugees settle in neighbouring countries There is currently an international refugee crisis and we need to strive for international solutions, but meanwhile start to fix our own problems
This is the last few months of the unemployment chart in the UK. When Labour came in it was at 4.4%. It then dropped to 4.0. It has gone back up 4.3%. I don't think Labour can clam the .4% drop as anything to do with them and I don't think the .3% rise is theirs either. That said, it is still a .1% drop in unemployment under Labour, so a weird kneejerk.
You’re inventing things that I said. All I’ve said is it will be a disaster. Also I get a lot more right than you. Just in the last couple of years on here I’ve been right about: - Lockdowns caused more damage than good - Covid vaccines were harmful - Climate change is a scam - Biden was mentally unfit to be president for years - Trump will win the election Did you buy bitcoin when I told you to? Maybe you’d be less miserable if you were wealthy
Yep exactly! What you have posted is the start of a trend as Os put it. One month that he gave is not a trend! Britannica Dictionary definition of TREND : a general direction of change : a way of behaving, proceeding, etc., that is developing and becoming more common
But the catastrophic ****fest has affected Reeves options, and this is definitely NOT a ****fest, so from that to this is an enormous improvement and deserves credit even though we need to reserve full judgement
Whilst I dispute a lot of the above anyway, maybe we should also look at what you got wrong. If you put 1000 things out there and a few are nearly right, it doesnt make you Nostradamus. (BTW, IMO, the last two there you were right about only)
Just the start. When the NI rises fully hit, there will be more layoffs for sure. Wouldn’t surprise me if we enter a recession.. although I hope that is being too pessimistic
