Mini Budget aka Fiscal Statement

[mogga71]

I think what a lot of people have missed over this .... certainly on this side of the Pond .... is that up until the intervention by the BOE earlier in the week due to an imminent pension collapse, the hardline message was that nothing can stop the inflation battle .... it's all about QT now ... not easing. Then the first sign of real trouble the BOE pivots and starts QE again ... which can only increase inflation. This is the reason the US markets suddenly spiked on the news. it shows that choosing between a crisis or beating inflation ... the central banks will always choose to avert the crisis. The first sign of real trouble in the USA, the Fed will do the same, cave and pivot.

[SueEllen]

So good you posted it twice - early onset dementia?

I take my cues from the President of the US -

https://news.sky.com/story/joe-biden...peech-12707309

Joe Biden made a blunder during a speech when he asked if a deceased congresswoman was in the audience.

The US president made the gaffe at a conference on hunger, nutrition and health after apparently forgetting that Jackie Walorski, the former Republican representative for the state of Indiana, died in a car crash in August.


Mr Biden, 79, looked around the room in Washington and said: "Jackie, are you here? Where's Jackie? She must not be here" on Wednesday.

The blunder saw White House press secretary Karine Jean-Pierre field a flurry of questions during the press briefing that followed.

She repeated more than a dozen times that Ms Walorski was "top of mind" for Mr Biden - who is due to meet with the congresswoman's family on Friday to sign a bill renaming a veterans' affairs clinic in Indiana after her.

Ms Jean-Pierre did not acknowledge the president had misspoken and did not apologise for the error.

"My answer is certainly not going to change," she told journalists.

[SueEllen]

GBP responding very positively to this and other poll results this morning.

Last night I heard someone point out that Truss should stay in hiding and not give interviews as when she did the FTSE fell.

[BlasterBates]

I think the UK is heading towards becoming a low income high tax economy.

[dsc]

Labour 33 points ahead.

https://metro.co.uk/2022/09/29/labou...ster-17476900/

The Labour party has jumped ahead of the Conservatives in the latest polls with the biggest lead since the late 90s when Blair came to power.
According to a YouGov poll Sir Keir Starmer’s party is 33 points ahead.

It is thought to be the largest poll lead enjoyed by any party with any pollster since the late 1990s.

Data shows just 37 percent of 2019 Conservative voters said they were planning to stick with the party.

Interesting, suddenly there's a risk of people loosing homes and Tories are not that popular. I guess as long as sh*t doesn't affect the average Tory voter then all is good.

[mattster]

Labour 33 points ahead.

https://metro.co.uk/2022/09/29/labou...ster-17476900/

The Labour party has jumped ahead of the Conservatives in the latest polls with the biggest lead since the late 90s when Blair came to power.
According to a YouGov poll Sir Keir Starmer’s party is 33 points ahead.

It is thought to be the largest poll lead enjoyed by any party with any pollster since the late 1990s.

Data shows just 37 percent of 2019 Conservative voters said they were planning to stick with the party.

GBP responding very positively to this and other poll results this morning.

[Zigenare]

Council tax pays for education and social care of local people. These two things cost a lot. Or haven't you ever looked at the paper that comes with your council tax demand?

Yep so is paying for the education and social care of local people.

So good you posted it twice - early onset dementia?

[SueEllen]

Garbage removals is also local matter I believe, same as dealing with dogs who crap in the wrong place

Yep so is paying for the education and social care of local people.

[SueEllen]

Truss to have talks with OBR
https://www.theguardian.com/politics...o-calm-markets

Liz Truss will hold emergency talks with the head of Britain’s independent fiscal watchdog after failing to dampen panic in the financial markets or shore up support from Tory MPs on her radical economic plan.

In a highly unusual move, the prime minister will meet the Office of Budget Responsibility’s (OBR) Richard Hughes on Friday, along with her chancellor, Kwasi Kwarteng, before being presented with a first draft of its full fiscal forecasts next week.

One government insider said the OBR meeting was “like trying to read the manual after you’ve broken the thing” after last week’s announcement of sweeping tax cuts triggered investor panic over the future health of the UK economy, prompting a sharp fall in the value of the pound and driving up government borrowing costs.

[AtW]

Council tax pays for education and social care of local people. These two things cost a lot. Or haven't you ever looked at the paper that comes with your council tax demand?

Garbage removals is also local matter I believe, same as dealing with dogs who crap in the wrong place