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  • Rees-Mogg

    Has there ever been a Minister more dislikeable than this guy?
    I'm surprised anyone with a brain would let him anywhere near cabinet, seems to me like a guaranteed vote-loser. I guess they wouldn't.

    The current economic collapse is now nothing to do with the mini-fudget

    The business secretary blames market turmoil on the UK's failure to raise interest rates fast enough.


    Funny thing is he expects everyone to buy this. Reminds me of the inbetweeners, Simon to briefcase

    "you never think of anything! You've just got an accent that makes us think you're clever, but you're not! You're just as much of a f***ing idiot as these two!"

  • #2
    Re: Rees-Mogg

    Originally posted by superfeathers View Post
    Has there ever been a Minister more dislikeable than this guy?
    I'm surprised anyone with a brain would let him anywhere near cabinet, seems to me like a guaranteed vote-loser. I guess they wouldn't.

    The current economic collapse is now nothing to do with the mini-fudget

    The business secretary blames market turmoil on the UK's failure to raise interest rates fast enough.


    Funny thing is he expects everyone to buy this. Reminds me of the inbetweeners, Simon to briefcase

    "you never think of anything! You've just got an accent that makes us think you're clever, but you're not! You're just as much of a f***ing idiot as these two!"
    The Moggster is becoming a bit of a Comical Ali parody of himself. But in fairness, he hasn't said it's nothing to do with the mini-budget, he's said it's only part of the story.

    In that sense, he is right, and I think there are some questions over how the BBC are reporting all this.

    Yesterday the IMF predicted the UK would have the fastest growing economy in the G7 for 2022. The BBC's headline? relatively obscure sub section of the report about rising prices. It is fair to question the news agenda here.
    Slovakia is the only eurozone country expected to have higher inflation than the UK by the end of next year.


    Likewise, as of this moment, the £ is down 2.22% against the dollar this week. Not great. But the Euro is down 2.12%. Almost identical. This is the truth, but it really is not reflected in the tone of the BBC's reporting, which personally speaking has been poor IMO.
    This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Currency Exchange Rates. Foreign exchange is the largest financial market in the world as volume averages $5 trillion per day, according to the Bank for International Settlements. This page provides a table with exchange rates for several currencies including the latest interbank exchange rate, yesterday close (12AM UTC) plus weekly, monthly and yearly percentage changes.


    Govt Bonds undoubtedly have risen, and sharply after the mini budget, which was delivered very poorly, but all govt bonds are rising both this year and in the last month in particular; several faster than ours.
    This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Government Bond 10y. This page provides government bond yields for several countries including the latest yield price, historical values and charts.


    The budget was an incident that they could talk about, but the underlying issues are more complex, long running and impacting every country - that is unquestionably. true.

    Comment


    • #3
      Re: Rees-Mogg

      Originally posted by JamesWales View Post
      The Moggster is becoming a bit of a Comical Ali parody of himself. But in fairness, he hasn't said it's nothing to do with the mini-budget, he's said it's only part of the story.
      He didn’t really recognise it as part of the story, saying it’s “ more to do with interest rates than a minor part of fiscal policy." Minor! Very dismissive.
      These are the biggest tax cuts in how many years on the fly.
      Brush it under the carpet though, nothing to see here, it’s all just a massive coincidence.
      After his track record with boris and now truss, he’s a loyal lapdog, at least

      Comment


      • #4
        Re: Rees-Mogg

        I listened to the interview on Times radio which was much more open and detailed, he certainly knows his stuff , he did say the budget did flex the markets as do many other budgets and government decisions , he also pointed out the interest rates and mortgages have been steadily rising since Covid .. and the government's budget wasn't the singe reason for interest rates , mortgages and pension liabilities wobbling, , no one is thimking about the fact house prices were already grossly inflated fecting first time buyers opportunity, with crazy lower interest rates allowing people buying beyond their means and putting themselves at risk . ( rates were always going to rise the BOE predicted this before the budget )

        I do wonder at times how the bank of England decisions are made is it via algorithms , is it political, is it always right ? Do they dislike Truss who questioned their independence in her leadership campaign, do they hate Brexit , so many questions ?

        The world's economy is in a very dangerous place , won't take much more to see a potential conflict spiral out of control.,then we can worry ..

        Comment


        • #5
          Re: Rees-Mogg

          Ladies And Gentlemen

          You have just listened to a party political broadcast by the Conservative Party .

          Thank you 😊

          Comment


          • #6
            Re: Rees-Mogg

            Why that man should be nowhere near the Cabinet or the House of Commons in fact;-



            Comment


            • #7
              Re: Rees-Mogg

              Despite the absolute shit show caused by this government the usual Tory apologists are out in force. Embarrassing!

              Comment


              • #8
                Re: Rees-Mogg

                Originally posted by ninian opinian View Post
                Despite the absolute shit show caused by this government the usual Tory apologists are out in force. Embarrassing!
                It's cringeworthy stuff

                Yeah but no but what about....

                Listen .....stfu ......the government are a basket case .....

                Comment


                • #9
                  Re: Rees-Mogg

                  Originally posted by SLUDGE FACTORY View Post
                  It's cringeworthy stuff

                  Yeah but no but what about....

                  Listen .....stfu ......the government are a basket case .....
                  Aren't you an internationalist? Do you only care about the news and issues affecting old blighty?

                  Comment


                  • #10
                    Re: Rees-Mogg

                    Originally posted by JamesWales View Post
                    Aren't you an internationalist? Do you only care about the news and issues affecting old blighty?
                    And ladies

                    Comment


                    • #11
                      Re: Rees-Mogg

                      Originally posted by JamesWales View Post
                      Aren't you an internationalist? Do you only care about the news and issues affecting old blighty?
                      It's a reaction to your continual attempt to defend the Tories

                      People seem to have had enough of it now and I don't blame them

                      Comment


                      • #12
                        Re: Rees-Mogg

                        Originally posted by SLUDGE FACTORY View Post
                        It's a reaction to your continual attempt to defend the Tories

                        People seem to have had enough of it now and I don't blame them
                        Frontbenchers of the Tories and Labour in the 80’s and 90’s compared to today are miles apart. We used to have intellectual heavyweights and genuine public servants. We now have yes men/women who only serve themselves. We have the worst ever politicians at exactly the worst time.

                        Comment


                        • #13
                          Re: Rees-Mogg

                          Originally posted by SLUDGE FACTORY View Post
                          It's a reaction to your continual attempt to defend the Tories

                          People seem to have had enough of it now and I don't blame them
                          So who is to blame in other countries?

                          Who is to blame in Germany? In Spain? In Sweden? In Poland? In Netherlands?

                          The Govt aren't blameless at all, but if more or less the same thing is happening elsewhere then quite likely you are misdiagnosing the problem in blaming "the tories". And when you misdiagnose a problem, you never solve it.

                          Who do you blame in those countries then Sludge? Tories there too?

                          Comment


                          • #14
                            Re: Rees-Mogg

                            Originally posted by JamesWales View Post
                            So who is to blame in other countries?

                            Who is to blame in Germany? In Spain? In Sweden? In Poland? In Netherlands?

                            The Govt aren't blameless at all, but if more or less the same thing is happening elsewhere then quite likely you are misdiagnosing the problem in blaming "the tories". And when you misdiagnose a problem, you never solve it.

                            Who do you blame in those countries then Sludge? Tories there too?
                            Here we go again. It isn't "more or less the same thing". The UK through the utter idiocy of the Tory leadership have thrown the UK into a nosedive worse than other countries. Even the Tories themselves (sensible ones) have started pointing this out to their own leaders.

                            Comment


                            • #15
                              Re: Rees-Mogg

                              Originally posted by SLUDGE FACTORY View Post
                              It's a reaction to your continual attempt to defend the Tories

                              People seem to have had enough of it now and I don't blame them
                              One person disagreed with him. Calm your arse down ffs

                              Comment

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