Oh well interest rates up to 5% - a 0.5% jump this time!

[Dorcus]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

I said about that yesterday, that you made a load of money on shares you denied it?

Your mate was working all the hours God made you said and was struggling and you earned more in days and gave him none?

No, I denied it: you were conversing with me at the time and not Doucas!

[Blue blood]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Boris 'Get Brexit Done' Johnson had an 80 seat majority at the 2019 election and you still come out with this pathetic whinge about the opposition and EU doing their jobs - not acting like brain-dead Tory backbenchers!

You voted Tory. You voted Brexit. Own your own shit show.

You are right that Brexit isn't the only factor in inflation sticking so high. No one one here said it was. But it is a significant factor.

Spot on

[dandywarhol]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

https://www.youtube.com/watch?v=ZMnIk5mdSq8&ab_channel=WhatTheLyric

[Doucas]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

No, I denied it: you were conversing with me at the time and not Doucas!

Thank you, this is about the 4th time brexiters have gotten us mixed up.

[JamesWales]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Boris 'Get Brexit Done' Johnson had an 80 seat majority at the 2019 election and you still come out with this pathetic whinge about the opposition and EU doing their jobs - not acting like brain-dead Tory backbenchers!

You voted Tory. You voted Brexit. Own your own shit show.

You are right that Brexit isn't the only factor in inflation sticking so high. No one one here said it was. But it is a significant factor.

Why do you guys never look over the water when declaring things as shit shows? You have a left wing government in Germany, in the EU, and they are in recession with higher unemployment and a govt less popular than our own!

And why is a socialist so keen to be governed by a parliament with a centre-right majority for the last decade that insists on free market capitalism?

It's so weird. Is it cos the holidays are good?

[SLUDGE FACTORY]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Why do you guys never look over the water when declaring things as shit shows? You have a left wing government in Germany, in the EU, and they are in recession with higher unemployment and a govt less popular than our own!

And why is a socialist so keen to be governed by a parliament with a centre-right majority for the last decade that insists on free market capitalism?

It's so weird. Is it cos the holidays are good?

On and On he goes

He's not a tory , honestly

[the other bob wilson]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Brexit is a partial factor, but if it were the only factor then we would not have seen inflation in the rest of EU and US. So precisely that. The above factors are the combination we are dealing with.

On Global supply chains there are multiple subcauses:

1. Panama canal water levels low, slowing ships through a major Asia > US / Europe / UK transport route, and therefore increasing costs and hitting supply speeds. Some ships have to around Chile and Argentina, creating a massive increase in fuel costs, reflected in final prices

2. Iranian tanker hijacked / stuck in Suez for 18 months ago caused a knock-on impact of Asian trade coming via Suez to the UK / EU. Took twelve months to feed through. Caused a spike in items from China / Asia

3. China lockdown smashing the semiconductor supply chain, hitting all key components of electrical goods from DJ equipment, sound systems, stereos, fridges, freezers and also automobile components. Simply re-opening China wouldn't fix it - it all had to catch up

But more to come. 90% of semi-conductor chips are made in Taiwan via the company called TSMC. In order to sidestep a threat of a China invasion, semiconductor production is being re-shored to the US and to Japan (although that is risky). The labour costs there are Western standard, although it makes it safer from attack. So inflation from that will final prices in big way and that is a long term thing, not a temporary fix.

So its complex. But those saying it's just Brexit are just borderline neanderthals. It plays a fraction of the role in inflation, and the list you supplied covers the global issues causing it. Let the wolves howl in the dark and continue their rent-a-vent.

Pea brains cannot grow, and politically charged debates will never get it. Thank goodness they don't operate on a trading floor. They don't have the skills, they would lose a fortune, and they be sacked in record time. You just cannot think and operate in that biased manner. No wonder so many people's decision making processes in life and barely functional. It is now becoming clearer to me.

Were you as determined to absolve the UK Government of responsibility back in 2008? Talking of 2008, I think I’ll just keep on posting this link when it comes to economic arguments on here. It really is an argument stopper in my opinion because it’s what’s most important to the vast majority of the UK population,they aren’t interested in dry, technical arguments as to why they’re worse off.

https://www.nuffieldfoundation.org/news/average-uk-families-8800-a-year-worse-off-than-in-comparable-countries

[JamesWales]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

On and On he goes

He's not a tory , honestly

Normally if you have one of these dolls with the strings in their backs they can parrot a few phrases. Your's just has one. "He's a Tory, He's a Tory!"

I asked a question too. Do you think saying someone is a Tory is some kind of magic grammatical play that negates a question mark somehow?!

[Dorcus]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Thank you, this is about the 4th time brexiters have gotten us mixed up.

Brexiteers get mixed up with most issues 👍

[jon1959]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Why do you guys never look over the water when declaring things as shit shows? You have a left wing government in Germany, in the EU, and they are in recession with higher unemployment and a govt less popular than our own!

And why is a socialist so keen to be governed by a parliament with a centre-right majority for the last decade that insists on free market capitalism?

It's so weird. Is it cos the holidays are good?

What are you on about now? You really are hard work!

North Cardiff Blue was moaning about Labour, Dominic Grieve, and (in previous posts) the EU mucking up the version of Brexit that he wanted to see implemented - an oven ready, hard Brexit version plucked from the four or five models offered up during the referendum campaign. All sabotage you see. The government unfairly frustrated! That was the 'shit show' in my post.

I have no idea what your second paragraph is about. Is it too hot for you?

[Wales-Bales]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

People will be hurt by the Bank of England’s chest-thumping blunder, and for no good reason

The Bank is making the catastrophic error of over-tightening into a global downturn

https://www.telegraph.co.uk/business/2023/06/22/people-will-be-hurt-by-bank-of-englands-inflation-blunder/

https://web.archive.org/web/20230622224445/https://www.telegraph.co.uk/business/2023/06/22/people-will-be-hurt-by-bank-of-englands-inflation-blunder/

[the other bob wilson]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

What I don’t get is that six months ago, Sunak was pledging to halve inflation with the implication that Government can control it. To be fair to the PM, he’s not said this, yet, but what we’re now hearing from the Tory right is that it’s all the Bank of England’s fault that it’s not coming down quickly enough - why weren’t they warning us about that at the time when Sunak was putting down his marker to be given the credit for hitting his target?

[Wales-Bales]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

What I don’t get is that six months ago, Sunak was pledging to halve inflation with the implication that Government can control it. To be fair to the PM, he’s not said this, yet, but what we’re now hearing from the Tory right is that it’s all the Bank of England’s fault that it’s not coming down quickly enough - why weren’t they warning us about that at the time when Sunak was putting down his marker to be given the credit for hitting his target?

It makes more sense once you realise that the PM is just a small cog in the wheel, and the same thing is happening across all western nations.

[Dorcus]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

It makes more sense once you realise that the PM is just a small cog in the wheel, and the same thing is happening across all western nations.

He's definitely small.