Member Info for snige

As much as i dislike Truss,we don't need an election.
What would unite the tory party and reassure the markets would be for her to appoint Sunak as chancellor.
BTW,i don't like Truss because she encouraged Brits to fight in Ukraine and she knows the losses have been greater than Iraq.

LTI,
i couldn't but notice after a couple of SB's your average price had dropped 00.01p.
Wouldn't you think after spending hours of your time studying spread bets,it would have been better to reduce your share holding exposure as the rest of the market has done,it's not as if the news of the end of Buy back,refusal to increase interest rates and the delay in the OBR report were not known.
Are the SB stopping you from acting in a logical manner?

What price will Lloyds be when the black outs start?
UK with only 5-12 days storage and 43% of our electricity generated by gas the only country which comes near to us is Italy,but on the other hand they have 83 days of storage.
Europe isn't going to export gas to UK this winter and would NG seriously take our storage down to anything less than 3 days in this situation.
We can't disconnect domestic customers as it's too fiddly to re-connect so with only 11% industrial users electricity generation is the easy option yet no electricity has a bigger impact on the economy as you can't in a lot of operations use either.
BTW Germany with 108 storage days only produces 15% of its electricity from gas.
https://www.intellinews.com/how-many-days-of-gas-consumption-are-in-europe-s-storage-tanks-250065/
https://www.hse.gov.uk/gas/supply/supply-emergencies.htm

" I think these will stabilise around 42.5 - 43.5 until a decision on interest rates is made."
The longer this goes on the further they'll fall and If the Bank of England sticks to it's November 3rd the remaining £230 million of buy backs will run out in mid October and back into the 30's i feel.

Assuming she stays till Jan 2025, of the 10 years since Cameron's 2015 election,4 years would have been with unelected leaders.
If this country was a democracy Liz would take her plan to the country and get a proper mandate from the people.

Thanks Kwasi for another 2% inflation via £ depreciation.
Add another 1% to base rates for the additional protection our currency will require and charge the tax payer £23 billion in interest.
Are we borrowing just to pay the interest.

"To be fair, the dollar is crushing almost every major currency on Earth"
To be be more fair,the Russian Ruble has gained 2.75% today and is the best performing currency on Earth this year.
Does anyone have a reason?

Last years budget-why was Sunak so wrong.
I have made four fiscal judgements in this Budget.

First, we will meet our fiscal rules with a margin to protect ourselves against economic risks.
That is the responsible decision at a time of increasing global economic uncertainty…
…when our public finances are twice as sensitive to changes in interest rates as they were before the pandemic….
…and six times as sensitive as they were before the financial crisis.
Just a one percentage point increase in inflation and interest rates would cost us around £23bn.
You'll know when this country has turned round,when it doesn't take 6 months to fix a broken cattle grid sending people on a 4 mile detour!

"Big shake up today in how the economy is run. "
Not really,it wasn't trickle down that got us out of the mess in 1980's it was the surge in North sea oil/gas production.
Britain needs close trading partners and the priority it gives especially in a the world going into recession otherwise we'll need to support our currency more-higher interest rates which per Sunak we can't afford.

When this brexit/inflation fraud is finally done the majority of people will be 10 -20% worse off.
It's like reporting a crime to the police and them saying "nothing we can do,get over it"

Gate,
"I have to admit, if I want a laugh in the evening when decent TV is low in quality, I can always have a look here for entertainment."
Out of all the Royalist here you're suggesting the Queens cortege is low quality TV.
If you think that way then perhaps it's time for you and Boris to leave this country and fight for your beloved Ukraine.

BECAUSE THE TRUTH HURTS YOU.

88,
there was no mention of mass unemployment from the UK government-are you making this up?
What we do know is the work force has shrunk by 327,000 since 2019 when the population has increased by 500,000-they can't all be pensioners emigrating to Britain.
"500,000 UK jobs would be lost and the value of the pound would fall by around 12%. Inflation would also increase by over 2 percentage points and the value of people’s homes would be hit by 10% compared to Britain remaining in the EU, with a rise in uncertainty from current levels similar to that experienced in the UK during the early 1990s recession.
In this scenario net government borrowing would increase by around £24 billion, compared with a vote to remain."
https://www.gov.uk/government/news/britain-to-enter-recession-with-500000-uk-jobs-lost-if-it-left-eu-new-treasury-analysis-shows

If in the case of Ukraine you're prepared to take massive casualties then Russia has under estimated the power of simple infantry,so until Russia is prepared to do the same i can't see this war ending soon and most of the world's big energy players seem content with the status quo.

Probably the most significant unexplained excess death of 2022,which are running at 16% above the 5 year average and commenced during the summer of 2021 following the momentous boris johnson vaccination roll out.
A sad day for the family and the of an era for this country.

In theory with 47% of our gas coming from the North sea we should be secure,however without storage on a winters day this falls to 20% and because we don't store the gas chases higher prices in Europe during the summer which this year lead to substantial exports.
Storage is key and more so with electricity.

Gate,
the markets don't believe you.Since Dec 2021 UK rates have risen 1.65%, 3 x times the EU rate of .5% yet our currency is still trading at its Dec 2021 rate of € 1.16.
If Europe was falling apart the £ would be closer to 2 euros.

Wids " A mess is a mess that was not created overnight, decades in the making"
I think we can safely say the last 3 years have been the most significant,an abysmal trading agreement with our closest and largest partners,a badly handled pandemic with summer excess deaths still running hotter than a bad 2021 and finally Boris sanctions totally back firing.
Lots of other more minor issues like £27 billion of BBL fraud,500,000 fewer people employed and 300 million Europeans not allowed to visit the UK on ID cards etc.

"Euro falls below parity with USD"
last time this happened was around the year 2000 when the £ bought 1.60 euros but now buys €1.18.
I think the US is raising interest rates to partly support its currency as the majority of the world move to a BRIC's equivalent reserve currency and Johnson's gamble will leave the UK out in the cold.

"People on this board absolutely believe the media."
The trouble is we don't have journalist any longer,all we have are presenters who read off autocues,they get their information from a corrupted single source,the story is reported hundreds of times and becomes the truth.
What's needed is more independent journalist prepared to get of their fat arse,discover the complete picture and hopefully neutralise the so called "freedom of misinformation".