The New Iron Lady

[Taunton Blue Genie]

Re: The New Iron Lady

They did for a year, both at the same time as well - can’t believe they’re a multi though.

They aren't. Organ Maudling is entertaining.

[JamesWales]

Re: The New Iron Lady

The updates from continental Europe today:

Euro to dollar down..pretty much the lowest this century..(like the £)

https://tradingeconomics.com/euro-area/currency

EU inflation UP (to 10%)

https://tradingeconomics.com/euro-area/inflation-cpi

Belgiums current account worst deficit this century

https://tradingeconomics.com/belgium/current-account

EU Unemployment rate steady (at 3% higher than ours)

https://tradingeconomics.com/euro-area/unemployment-rate

My point? Seeing as everyone on CCMB is in the business of endlessly reiterating their point. Mine is that if you choose to look, you'll see that barring the ridiciulous self-inflicted last few days, we are all in the same boat, many with leakier hulls than ourselves.

[the other bob wilson]

Re: The New Iron Lady

I've always assumed they were one and the same

Well, if they are, fair play - he/they fooled me completely.

[Eric Cartman]

Re: The New Iron Lady

The updates from continental Europe today:

Euro to dollar down..pretty much the lowest this century..(like the £)

https://tradingeconomics.com/euro-area/currency

EU inflation UP (to 10%)

https://tradingeconomics.com/euro-area/inflation-cpi

Belgiums current account worst deficit this century

https://tradingeconomics.com/belgium/current-account

EU Unemployment rate steady (at 3% higher than ours)

https://tradingeconomics.com/euro-area/unemployment-rate

My point? Seeing as everyone on CCMB is in the business of endlessly reiterating their point. Mine is that if you choose to look, you'll see that barring the ridiciulous self-inflicted last few days, we are all in the same boat, many with leakier hulls than ourselves.

Yeah but it's pretty meaningless unless you look at it alongside wage data. If the UK median wage buys less than in those countries then the people in those countries have more wiggle room and can sustain themselves for longer during the crisis and so the real human effect would be greater in the uk. There are other factors too, like reliance on imports.

[Feedback]

Re: The New Iron Lady

What does “by and large” mean?

Generally speaking

[the other bob wilson]

Re: The New Iron Lady

Generally speaking

The opposition parties won’t forget it, are people like Gofer Blue going to forget losing £10k from their pension pot? Clearly, there will be people who are saying they won’t vote Tory in polls now, who will do when the vote which counts comes, but Truss and Kwarteng are damaged goods from now on - the UK public have got to see their Britannia Unchained mind set and they don’t like it. Certain people benefitting to the tune of £50k plus a year while “the man and woman in the street” gets a few hundred is not a good luck for any Government.

[Feedback]

Re: The New Iron Lady

The opposition parties won’t forget it, are people like Gofer Blue going to forget losing £10k from their pension pot? Clearly, there will be people who are saying they won’t vote Tory in polls now, who will do when the vote which counts comes, but Truss and Kwarteng are damaged goods from now on - the UK public have got to see their Britannia Unchained mind set and they don’t like it. Certain people benefitting to the tune of £50k plus a year while “the man and woman in the street” gets a few hundred is not a good luck for any Government.

You assume this forum is a bellwether of UK public opinion regarding politics. Its not.

For every article you've read condemning the Chancellor there are articles in support of the move back to true conservatism.

Two years a long enough to get some kind of political and economic traction, so things may not end up the way they are today.

I'd hazard a guess than in 12 months time, the war in Ukraine has abated, inflation and energy prices will be under control, many will have had pay rises, and the economy will be out of recession (if we're even in it). The Tory narrative will be this farce was down to Ukraine, and the right wing media will ignore everything else as we move towards the business end of the election cycle

[the other bob wilson]

Re: The New Iron Lady

You assume this forum is a bellwether of UK public opinion regarding politics. Its not.

For every article you've read condemning the Chancellor there are articles in support of the move back to true conservatism.

Two years a long enough to get some kind of political and economic traction, so things may not end up the way they are today.

I'd hazard a guess than in 12 months time, the war in Ukraine has abated, inflation and energy prices will be under control, many will have had pay rises, and the economy will be out of recession (if we're even in it). The Tory narrative will be this farce was down to Ukraine, and the right wing media will ignore everything else as we move towards the business end of the election cycle

The Conservative Government of 92 to 97 were haunted by Black Wednesday to the extent that it was a big factor in them being routed five years after the event and played a part in them being out of Government for thirteen years. The public did not forget the winter of discontent in 78/79 and Labour isn't working posters for decades - in fact, you could argue that they still haven't today. People also remember the smallest and, on the face of it, insignificant things like that jokey note by a Labour MP at the Treasury left to the incoming coalition Government in 2010 that all of the money had run out - I reckon that has cost Labour tens of thousands of votes in the past dozen years.

Having a sycophantic press on their side will help the Government, but this has the feel of something they cannot fully rescue. A one per cent tax cut should be something that can be paraded as a vote winner, yet Truss and Kwarteng are being seen as modern day Robin Hoods who take from the poor and give to the rich - as I mentioned earlier, a reputation for competence has to be gained over years, but can be lost in a minute and, once lost, it's very, very hard to regain.

[lardy]

Re: The New Iron Lady

You assume this forum is a bellwether of UK public opinion regarding politics. Its not.

For every article you've read condemning the Chancellor there are articles in support of the move back to true conservatism.

Two years a long enough to get some kind of political and economic traction, so things may not end up the way they are today.

I'd hazard a guess than in 12 months time, the war in Ukraine has abated, inflation and energy prices will be under control, many will have had pay rises, and the economy will be out of recession (if we're even in it). The Tory narrative will be this farce was down to Ukraine, and the right wing media will ignore everything else as we move towards the business end of the election cycle

There is no way that there's a fairly even split in opinion on the government in the past week.

[Feedback]

Re: The New Iron Lady

There is no way that there's a fairly even split in opinion on the government in the past week.

There have been a litany of articles in the right wing press in support. Just this morning the Daily Mail have lauded Simon Clarkes comments about a potential return to austerity.

[lardy]

Re: The New Iron Lady

There have been a litany of articles in the right wing press in support. Just this morning the Daily Mail have lauded Simon Clarkes comments about a potential return to austerity.

So for every one against it, there is more than one in support? Opinion is more supportive than not?

[Feedback]

Re: The New Iron Lady

So for every one against it, there is more than one in support? Opinion is more supportive than not?

Agreed, I shouldn't have used the plural ("there are articles") as this indicates more than the number of articles against. What I meant was that for every article criticising the mini-budget, there was an article somewhere else supporting it. We would have expected that given how politically polarised the media is in the UK.

RE: your latter comment, this depends on what you are reading and where you are looking.

[the other bob wilson]

Re: The New Iron Lady

There have been a litany of articles in the right wing press in support. Just this morning the Daily Mail have lauded Simon Clarkes comments about a potential return to austerity.

So, your saying that the polls (the 33 per cent one may be a freak, but there've been three others I believe showing Labour leads between seventeen and twenty four per cent) this week are just a coincidence and nothing to do with the fiscal event or whatever daft name Truss and Kwarteng gave their budget to ensure the OBR did not get the chance to have a look at it?

[lardy]

Re: The New Iron Lady

Agreed, I shouldn't have used the plural ("there are articles") as this indicates more than the number of articles against. What I meant was that for every article criticising the mini-budget, there was an article somewhere else supporting it. We would have expected that given how politically polarised the media is in the UK.

RE: your latter comment, this depends on what you are reading and where you are looking.

So you are saying there's a fairly even split. I don't think that's the case.

[Feedback]

Re: The New Iron Lady

So, your saying that the polls (the 33 per cent one may be a freak, but there've been three others I believe showing Labour leads between seventeen and twenty four per cent) this week are just a coincidence and nothing to do with the fiscal event or whatever daft name Truss and Kwarteng gave their budget to ensure the OBR did not get the chance to have a look at it?

I'm not saying anything of the sort. Firstly, there are some in the right wing press who have openly supported Kwarteng. If this is a shock to you then it really shouldn't be. Secondly, mid term opinion polls almost always favour the opposition by a large margin.

Lets wait until after the GE before cracking open the bubbly