Member Info for Gate13Boy

Wishful thinking on your part DCB.

She should be put in stocks medieval style and people allowed to throw whatever they want at her for a day. I feel diarrhoea coming on.

I’d contend they didn’t leap into the Labour fire. Labour polled less votes in the 2024 election than in 2019. Disaffected Tories voted Reform and that allowed the communists in by the back door.

Labours budget needs cancelling and Rachel Darlek Reeves removed from her position immediately.

“Traders are betting that the value of the pound will fall by as much as 8pc as Rachel Reeves battles to meet her fiscal rules after a surge in borrowing costs.

Many so-called options trades would pay out if sterling dropped to a two-year low of $1.12, with demand higher than during the mini-Budget crisis in 2022, according to Bloomberg News.

The pound sank by 1.8pc last week to $1.222 after the cost of long-term government borrowing climbed to its highest level since 1998.

The rise in bond yields has squeezed the Chancellor’s £10bn of budget headroom, raising concern among investors that she will not be able to meet her fiscal rules without either raising taxes or cutting public spending.

Meanwhile, the Bank of England is only priced in to cut interest rates once this year amid concerns about persistent inflation.

Jamie Niven, a fund manager at Candriam, said “the path of least resistance” for the pound would be a fall.

He said: “On one side, you have very limited pricing in of Bank of England cuts, while the fiscal concerns are also sterling negative.”

Last week, Deutsche Bank encouraged investors to sell the pound amid the market turmoil.

Economist Shreyas Gopal said: “There’s further to go in the recent pound weakness.”

Nice one Labour 👍🙄

“The Chancellor has “bruised” the confidence and trust of business by expecting it to fill the hole in Government finances, the chairman of the Confederation of British Industry (CBI) has said.

Rupert Soames said business leaders were less likely to employ in the current climate.

He told BBC Radio 4’s Today programme: “The Chancellor told us at the time of the budget that there was an unexpected hole of about £22bn in the Government finances, and business was going to have to fill it.

“In filling in one hole, it’s created another, and that hole is a hole in the confidence and trust that business has in the Government.

“I think sometimes it’s not understood, the extent of the impact, particularly on companies that employ lots of people.

“We think the national insurance increases are going to feed through into inflation, we’re going to have a lower growth rate, but also, because of things like the Employment Rights Bill coming along, you’re going to find people laying people off and less likely to employ.”

Amateurs running the economy.

“CITY job opportunities are “plummeting” and optimism among Britain’s finance chiefs has slumped to a two-year low, new data shows.

The number of financial services vacancies fell to its lowest level since 2020 in the final three months of 2024, according to a survey by recruiter Morgan McKinley.

It means City openings are now at their lowest levels since the Covid pandemic temporarily shut down the economy. A separate survey of chief financial officers by Deloitte found business confidence had plunged to its lowest levels since early 2023. Hiring plans among this group have also slumped at the fastest rate since the pandemic.

Both Morgan McKinley and Deloitte said Rachel Reeves’s Budget was fuelling the downturn, as higher employment costs make companies more reluctant to hire. Andrew Griffiths, the shadow business secretary, said it was “a crisis made in Downing Street”

Nice one Labour 👍🙄

“Lord Bamford’s JCB has rowed back on plans to create 500 new jobs after Rachel Reeves’s tax-raising Budget shattered business confidence.

The manufacturing giant said “challenging market conditions” meant it would delay the hiring spree, which would have secured permanent roles for a large group of agency staff.

The decision marks the latest blow to UK industry after the Chancellor launched a £25bn tax raid on employers in her maiden Budget.

A JCB spokesman said: “JCB fully intends to offer a number of agency employees full-time JCB contracts when market conditions allow.

“Originally this was planned for January but with challenging market conditions set to remain for at least the next six months, the offering of JCB contracts has been deferred until the trading environment improves.”

With discounters Greggs and B&M Reporting subdued sales over the last 3 months, you know the economy is in trouble. Reeves needs throwing under the bus.

“A major supermarket has backed farmers as they protest against the Government’s planned inheritance tax raid, in a blow to Sir Keir Starmer.

Sophie Throup, the head of agriculture at Morrisons, told farmers on Saturday that the supermarket was “with” their community and understood “frustrations” about the raid.

Farmers are planning protests at supermarkets across Britain on Friday to oppose the tax raid on inherited agricultural land.

Ms Throup, who farms at her home in Yorkshire, said Britain’s fifth-biggest supermarket had raised “concerns with the highest level of government” since the changes were announced in the Autumn Budget.

Sharing a video on X, formerly Twitter, Ms Throup said: “We want to send a message of support today for the whole of the farming community.

“We understand your anger and your frustrations at the inheritance tax – and we’re with you.”

Good on Morrisons 👍

Are you sure you are English with spelling like that ? It’s “want” not “won’t.” 😉

She’d rather cosy up to communists than the USA. It’s nearer Labours agenda.

Why do you keep coming back DCB after getting banned so many times ? What were you banned for each time ?

That coming from you DCB is priceless. We all remember you during the EU referendum 🙄

“Traders could be starting to apply a “moron premium” on UK government debt, a City analyst has suggested.

Michael Hewson, formerly chief market analyst at CMC Markets, said that the Government’s decision to talk down the economy with claims of a £22bn black hole was “almost Ratneresque in its approach”.

The claims of a black hole “served to undermine both business and consumer confidence to such an extent that the economy slowed sharply in Q3, as it became apparent that the new administration was preparing the ground for a raft of new tax rises”.

Mr Hewson added: “The Government then undermined its own argument about this so-called ‘black hole’ by granting inflation busting pay awards to a host of public sector workers as well as announcing a raft of rather questionable green initiatives, including £22bn towards carbon capture.”

US gilt prices tanking on job numbers being well above expectations. UK gilt prices tanking on inflation, growth, spending and debt repayment fears. I know whose economy I’d rather be in.

“Rachel Reeves’s surging borrowing costs will drive up interest rates on mortgages and business loans, hitting the economy and further undermining the public finances, economists at Goldman Sachs have warned.

James Moberly at the investment bank said the UK economy will now grow by only 0.9pc this year, less than half the 2pc predicted by the Office for Budget Responsibility at the time of the Budget in October, with higher interest rates in financial markets worsening the situation.

“We expect higher yields to act as an additional headwind to growth via household remortgaging and weaker investment, with the increase of the last few days worth around 0.1 percentage point of additional growth drag this year,” he said.

The warning comes as the Government’s 10-year borrowing costs in bond markets hit the highest level since 2008, amid fears over the scale of the Chancellor’s borrowing plans.

Ms Reeves has decided to press ahead with a trade trip to China despite calls for her to remain in Britain while markets are in flux. The Treasury has confirmed she has landed in Beijing.”

I’d say 0.9% is optimistic unless she changes tack.

We jointly won (55p).

We got to choose the charity. I chose because we didn’t know when you’d next be on here. Hope you don’t mind.

Scroll back a bit and you’ll find it under the 2024 thread.

hi bb,

i don’t know why he can’t say who he voted for in the past. he ****s off those which have voted for mainstream parties in the past but when pressed won’t say who he has voted for in the past. all a bit childish if you ask me.