Member Info for Lokiloo

IMF chief economist Pierre-Olivier Gourinchas warned that Britain, like many other rich nations, required robust plans to stop the rise in levels of public debt.

"There is a need to bring debt levels down, stabilise them when they are not stabilised and rebuild fiscal buffers," he said as the IMF presented its latest forecasts.

Britain's government currently has a rule that budgets must ensure public debt falls between the fourth and fifth year of official forecasts from its budget watchdog. Reeves is considering changing the definition of debt used in her Oct. 30 budget to allow more borrowing for long-term investment.

Gourinchas said rich countries faced a "narrow path" between not hurting growth and not overborrowing.

"When countries have elevated debt levels, when interest rates are high, when growth is OK but not great, there is a risk that things could escalate or get out of control quickly," he said.

After 14 years of Tory mismanagement the United Kingdom Government debt accounted for 99.5 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 100.0 % in the previous quarter.

'We need more Trumps and Musks in the West before it crumbles under wokeism and minority rule.'

So we need a plutocracy where the billionaires get to decide everything?

Are you a billionaire perchance?

'The leftie bias of the Media is quite staggering'

No, it is staggering how you have come to believe there is a 'leftie bias of the media' when the vast majority of the media is owned by wealthy individuals firmly on the Right.

Maybe because Reeves isn't threatening to cut cancer services to fund tax cuts and because her budget allows investment and therefore growth.

If you ever wondered why the world was going t!ts up and the like of Trump and Farage have gained ground you need only reference the source of information the original poster used. A Tommy Hobbitson supporter sat in his front room spewing forth views on a subject he knows very little about and deleting any comments that he doesn't like. YouTube is brim full of them.

Mogg's old man predicted the effect this new age of information would have on society in his book 'The Sovereign Individual' where he tells of a time when fake news will abound and how it will enable the rise of a new age of oligarchs and the end of the state.

Cue Elon Musk and Donald Trump and Farage hoarding all the wealth and placing a boot on YOUR head whilst you clap as they tear down your rights and protections.

MVarawa

I see you SNEAKING back in. What!?!? No word on Russian funders of the Tory Party!?!?

No clutching of Pearls aghast at Boris Johnson placing the son of a KGB agent in the House Of Lords!?!?!

What a little weazle.

Here's another fantasy green line for you Gate BARMY in reply to your latest fantastical musings in a pathetic bid to besmirch my good character.

Back in the REAL world you scarpered once i began reposting your laughable opinions on Liz Truss.

Most amusing it was too.

Pretend you didn't read it!

I must say to witness the BLOTED WINDBAG GateBARMY all in a tizzy is MOST GRATIFYING!

GRAB THAT TAX SIR KIER!

'Electoral Commission figures show Boris Johnson’s party continues to accept money from Lubov Chernukhin – wife of a former minister in Vladimir Putin’s government.

Ms Chernukhin gave another £80,000 in donations in the final months of 2021, sums reported to the electoral watchdog by the Tories in February.

The British citizen has donated more than £2m to the Conservative HQ, local Tory parties and Tory MPs over the past eight years, as well as paying to play tennis with Mr Johnson at a fundraising auction.'

You still an 'interested onlooker MVarawa or have you scurried away?

'The Conservative Party has accepted tens of thousands of pounds from donors linked to Russia since the invasion of Ukraine, new filings have shown.

It includes £50,000 from Lubov Chernukhin, who is married to Vladimir Putin’s former deputy finance minister.

Reports say that her husband, Vladimir, had business dealings with oligarchs who are now under UK sanctions and earned up to £42m a year.

Her donation to the Tories came on March 4, just eight days after Russian troops entered Ukraine – and just one day after Boris Johnson pledged to step up sanctions to "starve Putin’s war machine".'

'A senior Tory MP has said he "can't believe" Boris Johnson made Russian-born media mogul Evgeny Lebedev a lord.

Sir Bernard Jenkin made the comments in February, as he called for tougher scrutiny of who MPs accept donations and hospitality from.

They have come to light now as the transcript of the select committee hearing has been published.

The PM is reported to have been advised against awarding Mr Lebedev a seat in the House of Lords on security grounds.

Lord Lebedev, who has dual Russian and British nationality, is the son of a former KGB spy.

He is not a Conservative donor but senior politicians, including Mr Johnson, have enjoyed his hospitality.'

Great left hook that.

More exposed to the promised Trump tariffs than most.

MVarawa,

You have the brain of a goldfish. It's painful trying to converse with you.

'and you pick out some left wing conspiracy theories about Farage and Putin'

Arron Banks was proven to have been meeting the Russian government in a court of law. He admitted to that fact.

Try again, desperate one.

1971 you say?

1971?

1971!!!

Do you realise how desperate that is?

Meanwhile, in the present day..

It has been said that the only real Brexit winner was Russia.

Have a little think on that statement and Arron Banks/Nigel Farage/Richard Tice and all that entails today.

You really are a desperate soul Mvarawa.

So long as Reeves and Starmer are paying their due taxes ,who cares? They have both had successful careers in well paid jobs before becoming MP's. Were they not allowed to buy property?

I thought you were all for 'REAL working people'?

Mvarawa

I already knew you were stupid. You had no need to further prove it.

Back in the real world..

'Sink the boats. Immigrant harbouring landlords go, stop the invasion of the Uk.'

Is precisely what the Daily Mail were saying when people were fleeing the Germany because of persecution by the fascists..

What a job they've done on you all these years later.

Churchill will be turning in his grave.

Trump..

that guy that was found guilty on 34 counts of fraud.

Trump..

The convicted sex offender.

Churchill will be turning in his grave. In fact, all those that fought for our country in WW2 will be 'turning in their graves'.

I honestly don't know how you people can look yourselves in the mirror.

Remember that this Remembrance Sunday.

I say that because Arron Banks, founding partner of Leave.Eu with Richard Tice (former leader of Reform) bunged Farage £450,000 and a house in Chelsea and handed millions to the Brexit Party, all whilst meeting the Russian government.