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Sadly we'll never know what the labour party would do (if they ever get elected), they make it up on the hoof. However nothing will be off the table.

You certainly get a good laugh here. “How are Lloyds valued at the same price as Metro?” 🤣

Just catching up.

LONDON, Nov 27 (Reuters) - Bank of England Governor Andrew Bailey said getting inflation down to the central bank's 2% target will be "hard work" as most of its recent fall was due to the unwinding of the jump in energy costs last year.

"The rest of it has to be done by policy and monetary policy," Bailey said in an interview with website ChronicleLive published on Monday.

"And policy is operating in what I call a restrictive way at the moment - it is restricting the economy. The second half, from there to two, is hard work and obviously we don't want to see any more damage.”

he repeated his message that it was too soon for the BoE to think about cutting interest rates.

"I'm very conscious of the position of the less well-off," he told ChronicleLive.

Financial markets are currently fully pricing a first rate cut by the BoE in September next year.

Why do governments, politicians, and various organisations have to continually state how hard they work? It should be a given. But let's be fair, over ½ a million pa eases the burden and makes it somewhat easier. Peeps should get it in their brains that interest rates are still below their historical norms.

Gold has broken the $2000 mark, expect a response from Chips soon if he's still about.

Just saying.

There is a “democratic deficit” in parliamentary scrutiny of the Bank of England because oversight of Threadneedle Street’s work has failed to keep up with the expansion of its responsibilities, peers have warned. The Lords’ economic affairs committee is calling for an overhaul in the way in which the Bank is held to account to reflect changes to its powers and objectives, which have “expanded substantially” in the 25 years since it was made operationally independent. – The Times

The Bank of England’s reliance on “inadequate” forecasting models and a lack of intellectual diversity within its most senior ranks contributed to inflation sticking at among the highest levels in decades, a Lords report has found. In a report critical of Threadneedle Street, the powerful Lords economic affairs committee said the central bank had made “errors” in its handling of the inflation shock triggered after the Covid pandemic and Russia’s invasion of Ukraine. – Guardian

Let the SNP run, build and order the ferries they have a vast experience of these matters, hehe.

Ps Gazzleberry wouldn't ever mention this.

If you think the 700k+ are coming here in small boats, l despair. That's what labour would have you believe.

People forget, over 200k from Ukraine, 150k+ from Hong Kong, 150k to fill uni places plus their hangers on. And legitimate foreign workers and asylum seekers.

Just a thought.

If we were being invaded by the Russians, you would be glad to reach the shores of Europe….. wouldn't you? Blimey choices lol.

Sadly PC has killed comedy, the do-gooders shout the loudest.

Mick-b

Eurozone banks.

Taxes to increase

Fiscal drag

You're flogging a dead horse trying to get the last word 😴

Even your Nexit comment is about proportional representation.

Full marks for trying but it's a classic socialist trait to have the last word, even when, as usual it's complete bol locks.

Eurozone banks starting to show ‘stress’ as loan defaults rise, ECB warns.

The balance sheets of eurozone banks are showing “early signs of stress” after a rise in loan defaults and late payments by customers, the European Central Bank has warned.

Higher interest rates have boosted banks’ income and profits for the time being, the ECB said, but lenders are facing pressures from higher funding costs, worsening asset quality and lower lending volumes.

The central bank also warned in its twice-yearly financial stability review that higher interest rates and slower growth were posing problems for people, companies and governments in the euro area.

https://amp.theguardian.com/business/2023/nov/22/eurozone-banks-starting-to-show-stress-as-loan-defaults-rise-ecb-warns

Pp.

Hero or villain, hardly relevant to someone who resides in a townland on the extremities of the EU.

Just saying.

STP

If you haven't got the stomach to read the comment here it is in your language.

“we have begun to draw lessons of Brexit”.

“Called for national protections from EU law to grapple with “out of control” immigration.”

“French people to decide” on these issues.”

“He blamed the European Court of Justice for policies that limit states’ freedom.”

“Claiming current policies have been written in favour of migrants.”

Quotes from Michel Barnier, assume you heard of him.

Have a nice day.

Total ISA allowance for 2016/17 tax year was £15,240. Increased to £20k, that was a 31%+ increase. Cost of living calculated, £15240 in 2017 is now worth £19,463.33in.

Still under today's £20k limit.

Multiple ISA accounts used in the same year has been widely published in the run up to today's statement.

It was a personal defeat for Prime Minister Harold Wilson. But he went on radio and television to reassure consumers that devaluation "does not mean, of course, that the pound here in Britain, in your pocket or purse, or in your bank, has been devalued".

"That broadcast will long be remembered as the most dishonest statement ever made”

The same Dumbo's believed Wilson; they thought it was a different pound that is used to import food and other things from abroad.

I despair!

The difference here is, protecting the populace from the ravages of an unknown virus and speculating the UK monetary/gold reserves on, of all things the Euro.

Labour is the party of financial responsibility……yeah right.

The tragedy is, this BB is peppered with Dumbo's that would support them.

Brain's the size of a split pea, you'll learn.

Re; inheritance tax.

Lti, I agree, the consensus is that if they change It they won't scrap it, just change the start value.

One thing, it can be avoided albeit on many occasions not easily.

Is rumoured to include significant changes to Individual Savings Accounts (ISAs) and possibly inheritance tax.

Reports suggest that Chancellor Jeremy Hint may allow multiple ISAs of the same type to be opened in a single tax year, a shift from the current rule that limits individuals to different types of ISA accounts annually.

Also on the rumour mill are changes to inheritance tax and a plan to tackle stealth taxes such as the insurance premium tax.

The progressive dividend has been announced with much fanfare and restarted twice within in the last 5 years.

Providing Nunn doesn't move on to pastures new, it may or may not be safe. If profits continue at their present levels then yes the policy is for the dividend to increase annually. As Nunn has only been at Lloyds since August 2021 there is a good chance the progressive dividend will continue. Of course a new CEO may have a different policy and restart the program all over again. Anyone know how long Nunn's contract is set to run?

“SNP publishes fantasy paper on an independent Scotland in the EU”

With more hilarity and dreaming from the SNP still no word on here from the chuckle brothers.

But plenty of opinions on most other events.

“The SNP have released a paper detailing what their fantasy independent Scotland would look like and grovelling to the EU about the benefits of rejoining. The 81-pager mainly drones on about what Scotland could bring to the bloc if it was allowed to join. The SNP claims Scotland’s “vibrant culture” and alignment with the EU’s “values” make them ideal candidates. The European Commission must be desperate to bring Glaswegian culture to the continent…

What else do they have to offer?

Any comments from the previous vocal Gazzleberry and his SNP brothers appreciated…... thought not.