Member Info for TheFarEnd

The thing is G13B with no obvious world events beyond their control to blame it all comes down to this government's disastrous policies going forward.

“tax and spend socialist utopia” watch it unfold, hehe.

“The British Pound has retreated on the day the UK reported a sharp slowdown in growth.

UK GDP grew a mere 0.1% in the three months to the end of September said the ONS, below the 0.2% the market consensus was expecting, marking a disappointing first quarter for the new government of Keir Starmer.

In the second quarter, the economy expanded 0.5% amidst expectations that the economic recovery was gaining momentum and a business friendly Labour government was about to take the reins.

Starmer must take a great deal of responsibility for the slowdown, thanks to his government's bleak messaging on the economy and finances, which culminated in an excruciating budget of tax hikes at the end of October.

Pound Sterling Live wrote on August 29: "Prime Minister Keir Starmer risks stalling UK growth and the British Pound's impressive run by killing sentiment and enacting taxes that specifically target the growth sectors of the economy."

Subsequent economic surveys pointed to deteriorating business and consumer confidence since Labour took over and warned of pain to come in the October budget, which prompted economists to warn that today's GDP reading would be a disappointing one.

"The latest quarterly figures will not help to quell further negativity around the government’s latest Budget following the increase in taxes on businesses which will potentially slow growth even further. With the Government's growth agenda looking increasingly at risk, it may be down to the BoE to save the day by cutting rates at their December meeting," says Isaac Stell, Investment Manager at Wealth Club.

The Pound has softened against both the Euro and Dollar in the aftermath of the data, with GBP/EUR retreating to 1.20. GBP/USD is flat on the day, having given up earlier gains, and is quoting at 1.2660.

Growth of 0.1% represents an undershoot of the Bank of England's projection made in the November Monetary Policy Report.

Market expectations for another rate cut as early as next month have risen slightly since the GDP release, which explains why the Pound is broadly softer.

The expectation is that the Bank will cut at a quarterly pace, which would mean the UK's interest rate fall slower than elsewhere, which is fundamentally supportive of the Pound.

But, should the Bank accelerate the pace it cut rates, the Pound can come under pressure.

To be sure, the UK's inflation outlook remains too poor for the Bank to materially speed up the pace it cuts.

Nevertheless, these growth data point to economic stagnation risks, which hardly ever support a currency.”

‘Pound Sterling Live’

Apologies if posted before.

"Well there's a surprise.

Inflation is rising and has gone back above the Bank of England's 2 per cent target, figures are expected to show this week.

The news will deal the Government another blow as the economy flatlines and lenders raise mortgage costs – despite recent interest rate cuts.

Barclays and NatWest are poised to be the next High Street lenders to increase their fixed mortgage rates, following similar moves by Santander, HSBC, Nationwide and TSB.

The Bank of England expects inflation to rise to around 2.75 per cent in the second half of 2024, before falling again.

Chancellor Rachel Reeves's tax-and-spend Budget will also add to inflationary pressures, reducing the likely pace of further interest cuts. Reeves also said she was not 'satisfied with the numbers' on growth."

This lot are going to learn the hard way and if they're not careful all of us are going to suffer. The socialist dream is unfolding already and as usual is turning into a nightmare. Going forward, all can be attributed to this government's policies.

‘Reeves not satisfied with the numbers’ can she not see that we're not satisfied with the government.

Look around you!

Morning all.

ONS reports Q3 trade deficit now nearly £11.5 billion.

With the recent unemployment and GDP figures, there's a trend developing here.

Those of us who have experienced a labour government probably expected this but not so soon.

The younger amongst us are learning and will learn the outcome of a tax and spend policy. This has shown recently with two certain members of this BB distancing themselves from the PM already. One of them even preferred Reeves as PM!

Who'd have thought it.

UK GDP declines 0.1% during September.

Be honest, no suprise there was there.

Morning.

She won't be gambling with the public sector pensions as there are no funds, we pay them every day.

It's the good old private sector they're after.

Everyone should have an ISA or a SIPP.

Welby's a goner, CofE is in crises just like our government. Starmer's next.

I believe Lineker was given the option to announce his own decision to leave, instead of the BBC doing it.

It's all about presentation with these types.

When you're at the top you have to make your own decisions just like Justin Welby. Rumour is he's cancelled all engagements,

so it's looking promising for an announcement later.

Maybe Starmer will take note of the procedure.

This month he will be out of the country for 22 days, that's dedication for you.

But when you've got domestic troubles at home it's best to lie low.

“In entirely expected news the Treasury has already underestimated the number of children to be taken out of private education as a result of Labour’s school tax. Over 3,000 private school students have applied to join state schools between June and September this year, while 2,500 more will leave in January according to the Independent Schools Council. The Treasury’s costings said that only 3,000 would leave over the entire 2024/2025 period.

The actual figures are set to be far higher. Maybe they shouldn’t have relied solely on a report written by the minister’s best man.”

This is the important bit..

“Meanwhile every new primary school pupil in the state system will cost the taxpayer £4,265 and every new secondary pupil £5,525 – provided they can get a place at all in overrun state schools. Here comes the bill.”

Labour has to keep their 100% record of leaving downing street with substantially higher unemployment figures.

Just to prove the point they've already started.

Unemployment figures just released show an increase from 4% 4.3%.

So much for the working man.

“Starmer and the "Jolly Green Giant" Milliband are off to the COP 29 jolly”

ATISHA.

They're going to be very lonely out there. I wonder how they're going to blend in with very few heads of state attending.

Still it keeps them out of our hair but don't you wonder why he keeps travelling at every opportunity. Perhaps it's his personal situation at home.🫣

We can't talk about that.

Lloyds Banking Group able to withstand motor finance hit - and still grow dividends.

https://www.proactiveinvestors.co.uk/companies/news/1060295/lloyds-banking-group-able-to-withstand-motor-finance-hit-and-still-grow-dividends-1060295.html

And we were told the foundations were fixed!

Rachel Reeves is expected to unveil pension reforms this week which are intended to channel money into infrastructure and private businesses. The Chancellor is also expected to use her first Mansion House speech in the City of London to “spell out the next phase” of Labour’s plan in Government.

When this lot see the size of private pensions they start salivating, they want a piece of it.

Don't worry folks it's all fully costed and fully funded, but watch it tumble when those foundations start to crumble.

Almost a third of homes currently up for sale are being sold chain free, according to Zoopla, as buyers want to move quickly ahead of stamp duty rising in April.

The property website revealed that 32 per cent of homes currently for sale are being marketed as chain-free.

Buyers are in a rush to purchase before their stamp duty bills rise from 1 April next year, making chain free homes an attractive proposition.

As of 1 April next year, the price at which stamp duty starts to be charged will revert back to £300,000 for first-time buyers, from its current level of £425,000.

For first-time buyers, this could mean that instead of paying no stamp duty on a purchase worth £425,000. they will soon pay £6,205.

But the costs get even higher for any first-time buyers purchasing a property worth between £425,000 and £625,000.

A first-time buyer buying a home worth £625,000 currently pays £10,000 in stamp duty. But from 1 April, that will rise to £21,250 - an increase of £11,250.

Whilst affordability remains a concern for many first-time buyers, encouragingly 41 per cent of two bed homes are currently listed as chain-free on Zoopla.

Home movers are not immune from the stamp duty changes either. The threshold at which they start paying the tax is falling from £250,000 to £125,000.

It means anyone purchasing a property over £125,000 will pay up to £2,500 more in stamp duty.

Reeves could have kept the change to stamp duty charges but didn't. Instead she increased the surcharge from 3% to 5% on second home buyers.

By doing so, reducing the competition to their own buy to let.

Slowly the stealth taxes will engulf everyone.

MV, I haven't followed it either but that bit caught my eye when reading the FT article posted earlier.

If this winter turns out to be a harsh one, the government machine will be working overtime trying to suppress the uptick in pensioner deaths.

But they can all rest easy in their graves. For as Starmer and Reeves stated at the time, “it was necessary to stop a run on the pound because of the (repeatedly quoted, fictional and still unproven) £22 billion black hole.”

So when you're all taking your holidays, you have the pensioners to thank for the exchange rate, lol.

Although subsequent government announcements have and are doing more damage to the £ than the £1.5 billion contributions from our senior citizens.

Tax and spend, fk the consequences. Makes you proud to be a marxist, oops socialist, doesn't it.

We all know who you are.

“The court ruled that dealers have a fiduciary duty to offer the best finance deal to car buyers, and not to shroud excess interest charges in small print that they are “highly unlikely to read”.

Didn't realise that these commissions were even mentioned in any agreement.

I would think that hiding excess interest charges in small print is ‘par for the course’ as demonstrated by the discussions this week on online comparison sites.

Remember Trump won the popular vote, something Starmer and his cohorts with only 30% of the vote can only dream of. Hehe.

Have a good weekend all.

"on 6 august, at the height of the riots that swept britain after the southport murders, bbc verify revealed “one of the most shocking” outbreaks of violence: a ****** attack on humberside. according to verify, “an angry mob of white men surrounded and attacked a car with men of asian heritage inside.” some of the attackers “threw bricks and shouted ****** slurs. one performed the nazi salute.”

the verify team deployed its osint (open source intelligence) skills and facial recognition software to compare images from the scene with social media profiles. soon enough, they’d identified and named two of the alleged attackers. yet despite having no less than four writers on the story — just one of many verify articles to boast multiple bylines — this gaggle of reporters initially failed to spot the most important fact of all.

that only became clear later, in a note added at the bottom of the bbc website once the story had been published. “an earlier version of this article identified the men in the car as of asian heritage,” it said. “humberside police has since told the bbc they are eastern european.” to put it differently, the victims on humberside were as white as their attackers. whatever else the incident was, then, it certainly wasn’t a straightforward case of white racism against non-white targets. later, the bbc also changed the headline."

guilty of stirring up racism?

under this government people have gone to jail for less.

“This week the U.S. House Committee on the Judiciary demanded records and communications from the Center for Countering Digital Hate. The charity, which promotes online censorship, was founded by No 10 Chief of Staff Morgan McSweeney and ex-Labour staffer Imran Ahmed…

The “Weaponisation Committee” of the Judiciary Committee is working to investigate collusion between the Federal Government and groups that promote online censorship including CCDH. The charity was founded in 2018 by McSweeney, who ran it for two years. This summer it was revealed that its goal is now to enact a “5-year plan” to “Kill Musk’s Twitter.” A central prong of which is to regulate social media such that ‘misinformation,’ including opposing Net Zero policies, is prohibited.”

With top officials from the Home Office, DSIT, the Met Police, and Ofcom in the wake of the Summer riots. It there recommended “emergency powers” for the state to remove content from social media…

The Committee’s ongoing subpoena demands communications on this front from the CCDH:

“All records, notes, and other documents of interactions between or among CCDH and the Executive Branch referring or relating to “killing” or taking adverse action against Elon Musk’s X social media platform (formerly Twitter).”

Republicans have already targeted Morgan McSweeney and Labour in the wake of their presence in the United States during the presidential election. A Trump-led Department of Justice may be looking to ramp up efforts against the anti-Musk crusade."

It's clear under the current socialist regime even the clowns on this BB can surely see which way this is headed.

Enjoy your current ‘restricted’ freedom of speech before it's gone forever.