Broke Britain - Tory govt causing financial chaos

[313ghazi]

So gents, what do you make of it all? I'm just shocked at how third world the level of governance has gotten.

A bit of bacgkround for those unaware of the details.

Recent economic events -

- Inflation has been going through the roof - energy prices have doubled over the last year, food gone up 10%
- British government has allowed energy companies to profiteer extortionately, at one point threatening to triple energy bills within 6 months.
- This caused outrage and they decided to not lift the cap on price rises and instead borrow £150 billion to subsidise the energy costs.
- They then announced tax cuts for businesses and for workers and increased borrowing to fund it.
- this stoked further fears of inflation and the bank of England has suggested interest rates will rise to 6% (from 2%).
- the market has reacted by taking many mortgage products off the shelves and increasing interest rates.
- The IMF has commented on how bad the current plan is https://www.bbc.co.uk/news/business-63056417
- The pound has been losing against the dollar massively, it was almost at parity earlier on this week.
- interest on govt bonds has gone up from 1% to 4%

The pound: Why is it falling?

Sterling fell to a record low after the UK government announced large tax cuts and borrowing.

www.bbc.co.uk

 

[_NOBODY_]

@waz @313ghazi @PAKISTANFOREVER @FOOLS_NIGHTMARE Do you guys see Labour Party coming in power now?

 

[Beast]

@waz @313ghazi @PAKISTANFOREVER @FOOLS_NIGHTMARE Do you guys see Labour Party coming in power now?

@aziqbal

How is your life in UK?

 

[PAKISTANFOREVER]

@waz @313ghazi @PAKISTANFOREVER @FOOLS_NIGHTMARE Do you guys see Labour Party coming in power now?

Not in the next general election but perhaps the one after.

 

[Turingsage]

Not in the next general election but perhaps the one after.

Next election WILL DEFINATLY be won by Labour.
No if's or But's
The only question is how large will the majority be.
At the moment it looks like 50 seats according to the opinion polls.
50 to me seems very optimistic but we have 2 years to go.

 

[mangochutney]

Can’t even get an appointment for the doctors
Can’t get an ambulance even if you have a heart attack . No money for the working class .
NHS nurses , teachers , care workers queuing up at food banks to receive charity as wage isn’t enough .
Homeless at an all time high , drug addicted alcoholic schizophrenic beggars at every traffic lights . Kids being fed at school , parents going without to give there children a nightly meal .
Mortgages going up £600 a month . Fuel prices at an all time high . Train drivers , Royal Mail , bus drivers on strike

Welcome to Tory Britain . Liz truss trying to outdo the hardship days of the witch Margaret thatcher to curry favour with the bankers & the rich who’s bonuses have increased and who’s taxes have been cut .

I fear riots on The streets this winter

 

[mangochutney]

Not in the next general election but perhaps the one after.

Disturbing allegations of entrenched racism & abuse within the UK Labour Party​

Al Jazeera’s Investigative Unit reveals how a British political party that claims to embrace progressive values created a hierarchy of racism that discriminated against its Black, Asian and Muslim members. Interviews, internal documents and social media messages shared by the most

https://twitter.com/x/status/1574849539076505601

Shocking Labour the party of the minorities and the working class

I’ve always been Labour throughout my life and was praying for Labour to come in and remove the tories but seems there of the same ilk

Liberal Democrat’s the door is now open for them and if the browns and the blacks take their vote to the liberal party no chance labours coming in at next general election .

So sad what’s become of the Labour Party

 

[epebble]

So gents, what do you make of it all? I'm just shocked at how third world the level of governance has gotten.

A bit of bacgkround for those unaware of the details.

Recent economic events -

- Inflation has been going through the roof - energy prices have doubled over the last year, food gone up 10%
- British government has allowed energy companies to profiteer extortionately, at one point threatening to triple energy bills within 6 months.
- This caused outrage and they decided to not lift the cap on price rises and instead borrow £150 billion to subsidise the energy costs.
- They then announced tax cuts for businesses and for workers and increased borrowing to fund it.
- this stoked further fears of inflation and the bank of England has suggested interest rates will rise to 6% (from 2%).
- the market has reacted by taking many mortgage products off the shelves and increasing interest rates.
- The IMF has commented on how bad the current plan is https://www.bbc.co.uk/news/business-63056417
- The pound has been losing against the dollar massively, it was almost at parity earlier on this week.
- interest on govt bonds has gone up from 1% to 4%

The pound: Why is it falling?

Sterling fell to a record low after the UK government announced large tax cuts and borrowing.

www.bbc.co.uk

They did Brexit to escape from being Europeans. They got it and now they are embracing the Commonwealth so that they will become another Commonwealth country.

 

[Turingsage]

I fear riots on The streets this winter

No. I don't think so as politics will inflict mortal wounds to the this govt before that happens.
Both Liz and her chancellor are now on borrowed time.
Knives within the Tory party are being sharpened as we speak.

 

[Yongpeng Sun-Tastaufen]

Tory is only war. War is bad for economy.

 

[Flight of falcon]

Because this Blonde terror doll is crazy insane.....

 

[aziqbal]

@aziqbal

How is your life in UK?

much better than Communist ZERO COVID policy China

I dont know why you insist on being embarrassed every time

China Covid lockdowns leave residents short of food and essential items​

China Covid lockdowns leave residents short of food and essential items

People are appealing for help on social media as food and medicine supplies dwindle.

www.bbc.co.uk

 

[Communism]

It's quite entertaining to watch one of the most fake economies on the planet crashing and burning in real time.

 

[Turingsage]

It's quite entertaining to watch one of the most fake economies on the planet crashing and burning in real time.

Why do these people beg and cling on to a USA passport and nationality , many having come in illegally or overstated, while worshiping countries they know little about as if China was some Utopia.
Hello. Please please join your comrades in China and find out first hand the kingdom of Xi

 

[Communism]

Why do these people beg and cling on to a USA passport and nationality , many having come in illegally or overstated, while worshiping countries they know little about as if China was some Utopia.
Hello. Please please join your comrades in China and find out first hand the kingdom of Xi

Such a slave mentality.


No one in the U.S. gives a shit about the U.K.