Member Info for Gate13Boy

Takayama,

I’d say the path of interest rates has everything to do with Lloyds Bank especially the number of mortgages on its books and loans to businesses. If the economy tanks, people lose their jobs, can’t pay their mortgages and companies collapse. This will affect Lloyd’s directly. I reduced my holding here by 5/8ths a while ago. Not looking to add. Most of my equity portfolio is outside the UK now (USA, India and Japan primarily). I fear the worst for UK companies under this current government.

Another day of buffoonery from you DCB ? Your commie friends have put the economy into a tailspin and you know it. You’re just too pig-headed to admit it.

I’m very anti-Labour.

I can see with my own eyes what these lying incompetents are doing to the economy already. Growth down, inflation up, taxes up, business confidence down, mortgage rates up, unemployment up, hiring down, gilt yields up, house building stalling etc etc. And all in the space of just 6 months.

This lot are a throw back to the 70s.

Takayama,

What a load of drivel. Labours tax raids have begun an inflationary spiral with companies laying off staff and increasing prices to offset their tax on jobs. Bond investors do not believe in Labours disastrous budget and are charging a premium for the risk. It’s as simple as that.

“The Treasury’s debt interest bill is likely to be about £10bn a year higher than official forecasts after the sell-off on bond markets, according to economists.

Deutsche Bank said the rise in gilt yields mean the “razor thin headroom left in the Autumn Budget has likely all evaporated”.

Senior economist Sanjay Raja said that based on current market expectations, the Government’s net interest costs would be about £10bn more per year by the end of this parliament in 2029/30, compared to the forecasts in the Budget in October.

He added that the situation has been made worse by Britain’s weaker than expected growth, after the gross domestic product (GDP) was downgraded from 0.1pc to 0pc for the third quarter and declined by 0.1pc in October.

He said: “GDP growth will likely be revised lower from its optimistic 2pc projection for the current calendar year. Inflation too will almost certainly be revised higher – adding to debt costs.

“And the OBR’s unemployment projections will also likely rise further than previously anticipated, given recent survey data.

“What does this mean for the fiscal outlook? Spending cuts, more borrowing, and likely a little more taxation to close the emerging fiscal hole.

“Indeed, the forthcoming Spring Statement, Spending Review, and Autumn Budget will likely be painful sequels to the Chancellor’s historic inaugural budget.”

Labour’s disastrous economic policies laid bare.

“New build planning approvals hit a record low in the three months after Labour won the general election, figures reveal.

Planning permission was granted for just 2,260 properties between July and September, the lowest number on record according to the Home Builders Federation (HBF).

The total marked a 10pc fall from the previous three months, the trade body said. There was only a 2pc increase in the number of new homes approved in the quarter, but the rolling total of new homes by October last year was down 6pc on 2023.

Neil Jefferson, chief executive of the HBF, said the decline, which was the lowest figure since it started tracking new homes in 2006, was “deeply concerning”.

Everything about Labour is “deeply concerning.”

DCB = 🧌

DCB just writes the first thing that comes into his vacuous canister as part of his trolling agenda.

So you’re just trolling again DCB ? 🙄

DCB

“ Two day wait (50 hours) in A&E!”

Lots of flu and pneumonia around due to the cold temperatures. I wonder how many of these people are pensioners who couldn’t afford to have their heating on due to Labour’s tax grabs.

Care to provide a source DCB ? Or have you made that up like you made up Reform were ditching the triple lock on state pensions yesterday ?

“I do not want to live in a country where so many people are priced out of heating their homes in the winter, or having to choose between sitting in a freezing cold flat and putting food on their table.” These are the words of Rachel Reeves when she sat on the opposition benches in 2018.

Fast-forward seven years, and her decision to axe the winter fuel payment for 10 million pensioners has left scores of retirees shivering at the start of 2025.

Charities have warned that Labour’s “chilling” policy has resulted in pensioners being admitted to hospital with pneumonia, and there were fears that the weekend’s cold snap would pose a danger to life as temperatures were tipped to plummet to as low as -10C.

Labour Liars.

Private healthcare eh ? What a hypocrite.

Terry, it’s gut-wrenching watching them destroy the economy so quickly.

Complete and utter incompetent clowns. It’s like the lo*nies are running the asylum now.

“ Rachel Reeves is on the brink of breaking her fiscal rules and being forced into another tax raid, economists have warned as borrowing costs surged to a 30-year high.

The Chancellor has a cushion of just £1bn left before she faces a “nasty choice” between more tax rises, spending cuts, and breaking her main fiscal rule to balance the books by the end of this parliament, according to Capital Economics.

In research published on Tuesday afternoon, it said that the jump in borrowing costs had wiped out £8.9bn of the Chancellor’s £9.9bn headroom to meet her fiscal rule of a balanced budget by 2029/30.

Economists Ruth Gregory and Alex Kerr said: “There is a significant chance that the Office for Budget Responsibility (OBR) will judge that the Chancellor, Rachel Reeves, is on course to miss her main fiscal rule when it revises its forecasts on March 26.

“To maintain fiscal credibility, this may mean that Reeves is forced to tighten fiscal policy further.”

They added: “In recent years, the fiscal headroom has never been this low. It would only take a further 0.06 percentage point increase in market interest rate expectations and 20-year gilt yields to wipe it out altogether.”

Capital Economics said that this is before the OBR factors in the recent weakness in economic activity.”

DCB

“Very effective way to reduce the backlog!”

Labour’s way of reducing the backlog is by freezing pensioners to death isn’t it ?

“The sale of long-term UK bonds today fetched the highest yield since 1998.

There are so many figures around today, so here is a quick recap.

The UK Debt Management Office sold £2.25bn of 30-year gilts to investors today at an average yield of 5.198pc.

This was the highest yield for a 30-year bond since the DMO sold one at 5.790pc at its first auction in May 1998.

On the secondary debt market, trading between investors after the auction saw the 30-year yield peak at 5.22pc, the highest since August 1998.”

There’s some bank related info for you maramab. Labour trashing the economy with their idiotic budget.

Maybe you’re reading what a lot of us predicted would happen has come to fruition wanderingon. Defending a future Labour government was one of your skill set if my memory serves me correct.

200 day moving average down eh ? Coincides with your Labour clowns taking charge more or less.

Indeed Terry,

The land of milk and honey promised by Labour unraveling faster than anyone could have imagined. 25% of Labour voters regret electing them now. Says it all really 🙄