Lord Hague tells Tories to prepare for tax rises

[AtW]

Because it's mandatory.

No it’s not - they can buy other bonds that BoE would buy back using QE

[TwoWolves]

Why would pension funds who need regular income buy securies with fook all income?

Because it's mandatory.

[AtW]

BOE buys bonds as part of QE only. The biggest buyer of UK bonds is the pension funds.

Why would pension funds who need regular income buy securies with fook all income?

[xoggoth]

Another post about sharks.

[Lance]

BS - the bonds buyer is BoE, fully owned subsidiary of HMG

not true.
BOE buys bonds as part of QE only. The biggest buyer of UK bonds is the pension funds.

[AtW]

The government has to keep the bond buyers and suchlike happy above all. Otherwise the economy will run into a brick wall!

BS - the bonds buyer is BoE, fully owned subsidiary of HMG

[OwlHoot]

The government has to keep the bond buyers and suchlike happy above all. Otherwise the economy will run into a brick wall!

[Whorty]

Seen it, had it, spent it. Ain't got nuffink left...

[ladymuck]

Given about 100,000 pensioners have died of covid, with the 'savings' of their state pension plus other costs, the Tories have a 'nice' windfall bonus of about £1bn a year, each year for some time. Given their Covid strategy the past 12 months, shouldn't the Tories be quite proud of this?

Seen it, had it, spent it. Ain't got nuffink left...

[Whorty]

“Some business and personal taxes “have to go up”, Lord Hague, the former Conservative leader and close ally of Rishi Sunak, the Chancellor, has warned.

In a new article for The Telegraph, Lord Hague writes that people who oppose some form of tax rises in the current climate are buying into “dangerous illusions”.

The intervention the day before Mr Sunak stands up to deliver his Budget will raise eyebrows, given the fierce debate about tax rises in the party and the pair’s close relationship.

Mr Sunak took over Lord Hague’s seat of Richmond, Yorks, when the latter stepped down as a Tory MP in 2015. Both men will appear at the Budget event together on Friday.”

https://www.telegraph.co.uk/politics...are-tax-rises/

Noice, but where the fook is the B..... dividend, why no talk of 350 mln saves per week????

Given about 100,000 pensioners have died of covid, with the 'savings' of their state pension plus other costs, the Tories have a 'nice' windfall bonus of about £1bn a year, each year for some time. Given their Covid strategy the past 12 months, shouldn't the Tories be quite proud of this?

[AtW]

“Some business and personal taxes “have to go up”, Lord Hague, the former Conservative leader and close ally of Rishi Sunak, the Chancellor, has warned.

In a new article for The Telegraph, Lord Hague writes that people who oppose some form of tax rises in the current climate are buying into “dangerous illusions”.

The intervention the day before Mr Sunak stands up to deliver his Budget will raise eyebrows, given the fierce debate about tax rises in the party and the pair’s close relationship.

Mr Sunak took over Lord Hague’s seat of Richmond, Yorks, when the latter stepped down as a Tory MP in 2015. Both men will appear at the Budget event together on Friday.”

https://www.telegraph.co.uk/politics...are-tax-rises/

Noice, but where the fook is the B..... dividend, why no talk of 350 mln saves per week????