Member Info for Gate13Boy

Ant,

“No, just you applauding our Rach, at the end.”

Maybe sarcasm isn’t in your DNA 🙄

You 😉

Something amusing Ant about your beloved Comminists trashing the economy ?

“Retail sales plunged unexpectedly in the run-up to Christmas, official figures show, after Rachel Reeves announced a record tax raid.

Sales volumes dropped by 0.3pc in December, according to the Office for National Statistics (ONS), compared to analyst forecasts for growth of 0.4pc.

The previous month’s sales were also revised lower from 0.2pc growth to 0.1pc.

The decline in the crucial run-up to Christmas comes after the October Budget raised taxes by £40bn, including a £25bn hike in national insurance contributions for employers.

A weak month for supermarkets helped drag down overall volumes, offsetting a rise in sales for clothing and footwear retailers.

The drop in sales will likely fuel fears of a further decline when national insurance changes take effect in April, along with an increase in the minimum wage, with companies expecting to reduce hiring or cut jobs.

The value of the pound has dropped amid doubts about the Chancellor’s plans for growth, falling 0.5pc against the dollar and 0.4pc against the euro.“

Nice one Rachel 🙄👍

BB

“Tfe this is why I gave up on UK shares, the countryside is being managed in to decline.”

Yup, I own a few selective UK shares now and the rest is in ETFs and funds abroad. Less than 10% of my SIPP is in UK equities now.

Beg your pardon. There’s one on the 20th March.

There isn’t a MPC meeting in March. Try again.

Labour haven’t been in power for a year Ollerdeekid 🙄 The Lloyds share price is lower now than it was at the time of the election. You should get a job working for Rachel spinning garbage like that. She needs a hand selling her rotten budget.

Taverham answered your question DCB. Unlawful imprisonment.

“Inflation will surge again in the months ahead as a result of rising energy prices and the Budget, economists have warned, making the Bank of England more cautious about cutting interest rates.

Pantheon Macroeconomics said inflation will jump to 2.8pc in January and then 3.2pc in April after a rebound in airfares inflation and as “utility bills rise and the government added VAT on private school fees”.

It reduced its forecast for interest rate cuts this year, saying the Bank of England’s Monetary Policy Committee (MPC) would cut borrowing costs twice, compared to its previous projection of three.

It said the unexpected decline in inflation from 2.6pc to 2.5pc was a result of a “huge temporary drop in airfares inflation” and “an erratic fall in accommodation services”.

Wouldn’t read anything into todays figure.

Ah, with you now 👍

Hi Armani,

Hope all’s good. I believe the previous government returned Lloyds to full private ownership in 2017 having sold all its stake.

Chagos Islands and now this. Starmer is addicted to wasting taxpayers money. Adams, according to many of his ex-colleagues, was in the IRA despite his protestations to the contrary. Now Labour are allowing him and countless others to compensation from the UK taxpayer.

You couldn’t make it up.

“TOWN halls that set low council tax bills are to be “punished” by losing millions of pounds of funding.

New rules have been quietly introduced by Angela Rayner, under which local authorities that set low council tax will receive less in government grants than those with high bills.

Her department has claimed that it would be wrong for the Government to “reward places that have been able to keep council tax levels low”.

The Deputy Prime Minister has been accused of “classic socialist redistribution” over the move.

It could mean that councils that run their areas more economically have to impose cuts to services. The move effectively kills off the possibility of areas choosing to be low tax on principle.”

Unbelievable. So if councils act efficiently, they get punished. What an absolute disgrace Labour are.

The village idiot strikes again 🙄

Exactly LL,

Amused me watching Labour back benchers trying to make political capital out of such a piffling amount. Barely £1/2bn over 5 years. What a joke.

We certainly do TFE. Even Ant and DCB are joining in the criticism. 25% of those who voted Labour in the last election regret doing so now. The old saying “be careful what you wish for” is never more poignant than now.

You couldn’t make it up.

Would you admit they’ve made a complete mess of things so far then DCB ?

£600m of revenue over 5 years. Big deal 🤣 Pathetic watching her squirm in the Commons over her trip to China and blaming international factors for the spike in bond yields here. How come the UK gilts have spiked the most then Rachel ? Nothing to do with your dreadful budget is it you stupid 🐄 ?