kp
Midland League Division One
Posts: 495
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Post by kp on Aug 31, 2022 14:25:59 GMT 1
I don't think a single realistic person does actually blame Labour for the crisis, they're just frustrated that Labour haven't got their act together and formed a strong opposition that's ready for government. At the moment there's a huge portion of people who can't align themselves with any of the parties. Everyone knows Labour can't be trusted with the economy. |
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kp
Midland League Division One
Posts: 495
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Post by kp on Aug 31, 2022 14:27:37 GMT 1
We don't have to nationalise the industry. All we need is to create a new national energy company, with substantially lower prices and no standing charge. The other companies would have no choice but to lower their prices to compete, if they don't they would lose every single customer. 40% of UK electricity is produced by renewable energy, but the energy companies have the whole country tied into an arrangement where most expensively produced electricity sets the price for all of it. Get rid of that arrangement and the average price for electricity would drop substantially. I feel like if it were truly that simple it would've been done by now? Almost like some form of vested interests have been at play? |
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Post by davycrockett on Aug 31, 2022 14:56:45 GMT 1
I don't think a single realistic person does actually blame Labour for the crisis, they're just frustrated that Labour haven't got their act together and formed a strong opposition that's ready for government. At the moment there's a huge portion of people who can't align themselves with any of the parties. Everyone knows Labour can't be trusted with the economy. Agreed thank god the Tory’s are in charge and everything’s going great guns 😂 |
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Post by stuttgartershrew on Aug 31, 2022 15:02:04 GMT 1
One for the new PM's ever increasing in tray. The pound tumbled to a two-year low on Tuesday and the cost of borrowing surged as Ryanair's chief executive Michael O'Leary warned that a “deep, dark recession” is looming over households and businesses. Sterling fell 0.7pc to $1.16 against the dollar, the lowest since the start of the pandemic in March 2020, amid fears of surging inflation and a sharp economic downturn. Jitters over the UK economy also sent blue chip stocks falling, erasing all the gains made by the FTSE 100 since the start of the year. Meanwhile, analysts at Goldman Sachs said that inflation is at risk of peaking at more than 22pc in Britain if the energy costs continue to rocket. Rising bets on the Bank of England taking more drastic action to stamp out inflation pushed up UK government borrowing costs as the 10-year gilt yield hit its highest level since 2014, rising by 0.1 percentage points to 2.7pc. The increase is a further headache for the next Prime Minister, as they are likely to take on more debt as part of stimulus efforts. Goldman Sachs researchers warned that further sustained spikes in energy prices would send Britain’s inflation rate soaring above 22pc to the highest level since 1975. The bank said that a lengthy bout of rising gas prices would lead to the price cap climbing above £6,000 in January. Daily Telegraph. I think the Euro is trading at a two decade low against the dollar at the moment. Reported today that... Eurozone inflation surged to another record high in August, fuelled by soaring energy prices that are threatening to plunge the region into recession. Annual inflation across the bloc rose to 9.1pc this month, up from 8.9pc in July, according to the latest figures from Eurostat. Prices are rising at the fastest rate since records began in 1997.German inflation rose to its highest level in almost 50 years in August, beating a high set only three months earlier. August’s energy prices were 35.6% higher than the same month last year. Food, alcohol and tobacco also rose to 10.6%, compared to 9.8% in July. B*****d Tories. I blame Corbyn. |
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Post by davycrockett on Aug 31, 2022 15:13:08 GMT 1
One for the new PM's ever increasing in tray. The pound tumbled to a two-year low on Tuesday and the cost of borrowing surged as Ryanair's chief executive Michael O'Leary warned that a “deep, dark recession” is looming over households and businesses. Sterling fell 0.7pc to $1.16 against the dollar, the lowest since the start of the pandemic in March 2020, amid fears of surging inflation and a sharp economic downturn. Jitters over the UK economy also sent blue chip stocks falling, erasing all the gains made by the FTSE 100 since the start of the year. Meanwhile, analysts at Goldman Sachs said that inflation is at risk of peaking at more than 22pc in Britain if the energy costs continue to rocket. Rising bets on the Bank of England taking more drastic action to stamp out inflation pushed up UK government borrowing costs as the 10-year gilt yield hit its highest level since 2014, rising by 0.1 percentage points to 2.7pc. The increase is a further headache for the next Prime Minister, as they are likely to take on more debt as part of stimulus efforts. Goldman Sachs researchers warned that further sustained spikes in energy prices would send Britain’s inflation rate soaring above 22pc to the highest level since 1975. The bank said that a lengthy bout of rising gas prices would lead to the price cap climbing above £6,000 in January. Daily Telegraph. I think the Euro is trading at a two decade low against the dollar at the moment. Reported today that... Eurozone inflation surged to another record high in August, fuelled by soaring energy prices that are threatening to plunge the region into recession. Annual inflation across the bloc rose to 9.1pc this month, up from 8.9pc in July, according to the latest figures from Eurostat. Prices are rising at the fastest rate since records began in 1997.German inflation rose to its highest level in almost 50 years in August, beating a high set only three months earlier. August’s energy prices were 35.6% higher than the same month last year. barsteward Tories. I blame Corbyn. 12.4 in the UK….. (estimated to be 40% higher due to Brexit which works 9.1 x 40% + =12.74…….) |
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Post by stuttgartershrew on Aug 31, 2022 15:18:39 GMT 1
I think the Euro is trading at a two decade low against the dollar at the moment. Reported today that... Eurozone inflation surged to another record high in August, fuelled by soaring energy prices that are threatening to plunge the region into recession. Annual inflation across the bloc rose to 9.1pc this month, up from 8.9pc in July, according to the latest figures from Eurostat. Prices are rising at the fastest rate since records began in 1997.German inflation rose to its highest level in almost 50 years in August, beating a high set only three months earlier. August’s energy prices were 35.6% higher than the same month last year. barsteward Tories. I blame Corbyn. 12.4 in the UK….. (estimated to be 40% higher due to Brexit which works 9.1 x 40% + =12.74…….) Spare a thought for one or two others. Estonia has the eurozone’s highest inflation rate at 25.2%, followed by Lithuania at 21.1% and Latvia at 20.8%. Good news elsewhere though perhaps. Spain, meanwhile, reported that inflation had potentially started to slow down, falling from 10.7% in July to 10.3% in August. |
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Post by northwestman on Sept 2, 2022 10:55:00 GMT 1
www.bbc.co.uk/news/uk-politics-62503218As paid-up Conservative members who joined at least three months before the ballot closes, overseas members get a vote in the election to pick the next British prime minister. Under party rules, these overseas members do not need British citizenship to cast a ballot, nor the right to vote in a UK general election. Provided they paid their annual membership fee, they can have a role in shaping the political future of the UK. "Anyone living anywhere in the world is welcome to join Conservatives Abroad from just £25 per year," Hmmm.
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Post by northwestman on Sept 2, 2022 11:37:01 GMT 1
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Post by Pilch on Sept 2, 2022 11:55:01 GMT 1
I never watched any of the hustings after the first one, what I find bizarre is they ruled out all the other potential PMs in the opening days, I'd have liked to have seen them all going for it this entire time and now do the narrowing down after we've given them a full opportunity to shine and reveal their plans, wasted opportunity for something so important
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kp
Midland League Division One
Posts: 495
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Post by kp on Sept 2, 2022 12:18:18 GMT 1
www.bbc.co.uk/news/uk-politics-62503218As paid-up Conservative members who joined at least three months before the ballot closes, overseas members get a vote in the election to pick the next British prime minister. Under party rules, these overseas members do not need British citizenship to cast a ballot, nor the right to vote in a UK general election. Provided they paid their annual membership fee, they can have a role in shaping the political future of the UK. "Anyone living anywhere in the world is welcome to join Conservatives Abroad from just £25 per year," Hmmm. Of course, old boy, one should be able to vote on matters that may impact on ones ability to make money back in blighty even if one does now reside in exile in a tax haven...The locals here think we are immigrants but we all know we are Ex Patriots. |
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Post by northwestman on Sept 2, 2022 12:50:11 GMT 1
www.bbc.co.uk/news/uk-politics-62503218As paid-up Conservative members who joined at least three months before the ballot closes, overseas members get a vote in the election to pick the next British prime minister. Under party rules, these overseas members do not need British citizenship to cast a ballot, nor the right to vote in a UK general election. Provided they paid their annual membership fee, they can have a role in shaping the political future of the UK. "Anyone living anywhere in the world is welcome to join Conservatives Abroad from just £25 per year," Hmmm. Of course, old boy, one should be able to vote on matters that may impact on ones ability to make money back in blighty even if one does now reside in exile in a tax haven...The locals here think we are immigrants but we all know we are Ex Patriots. Read the article. You can be Albanian (or more worryingly Russian) and still be able to vote. |
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Post by northwestman on Sept 2, 2022 12:57:08 GMT 1
There was someone on the radio today who claimed to have attended every one of the hustings and said she found it difficult to find a Truss supporter. One sometimes has to question how she's so far ahead in nearly all the polls.
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Post by northwestman on Sept 3, 2022 11:37:02 GMT 1
www.theguardian.com/commentisfree/2022/sep/02/the-guardian-view-on-the-tory-leadership-race-putting-party-before-countryOnce again, the choice of Britain’s next prime minister has been devolved to Conservative party loyalists willing to stump up a membership fee. This tiny selectorate of around 160,000 people is known to be mostly wealthy, older, white, propertied and male. But the Tory party has refused to disclose detailed demographic information to the media, on the grounds that the leadership election is a “private matter for members”. The Conservative Party was asked (and failed) to provide information as to: (1) Anonymised data you hold on the demographic of the Party’s membership: (a) Particularly, we invite you to provide, where held, the number of Party members who: (i) Live abroad; (ii) Are foreign nationals; and (iii) Are under voting age. (b) We also ask you to provide data in respect of: (i) The age range of members; (ii) The geographic distribution of members; and (iii) The genders of members. (2) An explanation of whether, and if so how, the Party keeps its membership database up to date, ensuring that it sends ballot papers to correct addresses. (3) Anonymised data you hold on variations in member numbers over time, presented quarterly over the past 10 years. The public interest is particularly acute in respect of quarterly membership numbers for the past twelve months. (4) An explanation of the Party’s system of compliance, including but not limited to the following questions: (a) How does the Conservative Party check that new members are who they say they are? (b) Who oversees compliance? i.e. who independently checks whether the Conservative Party is checking? (5) What is the number of efforts at infiltration which the Party has thwarted, i.e. how many cases have you discovered of a fictional person, a dead person, a person of non-voting age, a member of another political party or a pet registering as Conservative member? (6) An explanation of any third party compliance mechanisms in place to ensure that only those eligible to vote do so, that they vote only once each, and that the election is not manipulated. (7) An explanation of the circumstances by which GCHQ came to offer advice on the distribution of Conservative party ballots. (8) An explanation of why non-UK citizens who join the party abroad are eligible to vote even if they pay no tax and spend no time in the UK. (9) Confirmation of whether Party members under the national voting age can vote in the election of Party leader and Prime Minister. www.tortoisemedia.com/2022/08/30/our-case-for-judicial-review-30-august-2022/
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Post by northwestman on Sept 3, 2022 12:41:52 GMT 1
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Post by northwestman on Sept 3, 2022 12:59:51 GMT 1
When politicians refused to take part in interviews and leadership debates, it was usually followed by a media storm due to its significance. Not anymore.
News that Liz Truss had dropped out of taking part in a one to one with the BBC’s Nick Robinson because she could not spare the time was met with a whimper, rather than a howl of outrage.
The fact that it is the second such snub during this leadership campaign - having also rejected the offer of a sit down with Andrew Neil - appears to have done little to exacerbate public anger over such blatant ducking of media scrutiny.
Ms Truss’s decision follows an increasingly long line of politicians who, for whatever reason, believe that putting themselves up for judgement by the public will do little for electoral prospects.
In 2015, David Cameron caused uproar when he, on the advice of his campaign guru Lynton Crosby, ducked out of a leadership debate during the general election. Theresa May took similar evasive action following her decision to hold a snap election in 2017, and sent Amber Rudd in her stead.
Boris Johnson was famously forced to hide in a fridge in 2019 after he decided, again on the advice of Mr Crosby, to (understandably some might say) avoid Piers Morgan, having turned down the chance to be grilled by the BBC’s Andrew Neil.
But Team Truss’s decision to duck close inspection not once but twice has barely registered within the media, let alone the public.
The i.
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Post by ssshrew on Sept 3, 2022 13:23:52 GMT 1
Is it because the others pulled out when the whole electorate would be voting and this time only a minority will be eligible? Doesn’t make it any better but maybe it’s apathy as so few of us will be involved in who is our PM when anyone from abroad with cash to spare can.
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Post by northwestman on Sept 3, 2022 13:32:35 GMT 1
Is it because the others pulled out when the whole electorate would be voting and this time only a minority will be eligible? Doesn’t make it any better but maybe it’s apathy as so few of us will be involved in who is our PM when anyone from abroad with cash to spare can. That's exactly why the Tories should be providing more information about their membership than they have done. |
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Post by tdk on Sept 3, 2022 13:36:40 GMT 1
I never watched any of the hustings after the first one, what I find bizarre is they ruled out all the other potential PMs in the opening days, I'd have liked to have seen them all going for it this entire time and now do the narrowing down after we've given them a full opportunity to shine and reveal their plans, wasted opportunity for something so important It is similar to Ed and David Miliband for labour leader. power brokers choose who best for them, not who was good for the party/country |
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Post by northwestman on Sept 5, 2022 9:30:33 GMT 1
"With me, what you see is what you get," says Liz Truss, who in the space of her political career has gone from an anti-monarchist Lib Dem, to a Cameroon Remain-supporting Conservative, to a hardline Brexiteer.
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Post by staffordshrew on Sept 5, 2022 10:19:18 GMT 1
They certainly take their own sweet time the Conservatives: 10 am and still no announcement. Slow and weak implementing a windfall tax. Now, while millions worry about energy bills, Liz Truss, if it is her, is thinking about adopting Labour's plans to freeze raising the energy price cap. The public need to know what the hell is going to happen.
What about small business energy prices, not affected by the price cap? The village butcher in Albrighton is to close because his energy bill is rising from £15000 to £35000. Local butchers, pubs, etc. cannot just absorb £20 grand rises.
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Post by northwestman on Sept 5, 2022 10:43:42 GMT 1
I believe we'll get the announcement at 12.30 today.
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Post by martinshrew on Sept 5, 2022 11:05:52 GMT 1
They certainly take their own sweet time the Conservatives: 10 am and still no announcement. Slow and weak implementing a windfall tax. Now, while millions worry about energy bills, Liz Truss, if it is her, is thinking about adopting Labour's plans to freeze raising the energy price cap. The public need to know what the hell is going to happen.
What about small business energy prices, not affected by the price cap? The village butcher in Albrighton is to close because his energy bill is rising from £15000 to £35000. Local butchers, pubs, etc. cannot just absorb £20 grand rises.
Why would there be an announcement by 10am when the announcement is at 12:30pm? |
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Post by northwestman on Sept 5, 2022 11:06:20 GMT 1
Everyone is talking about Liz Truss’s supposed £100bn scheme to limit energy price rises as though it were a free lunch. It isn’t. Someone has to pay for it.
The original scheme proposed by suppliers was for a massive government loan to them, with the cost of holding bills at current levels paid back by all household customers through our bills over ten years or so. It would be a “pay later” scheme. It would mean proportionately higher bills for all of us for a decade. Politically that is highly risky. Remember the trouble that Sunak got into when he announced that a £400 discount to bills would have to be repaid through our bills. If we all had to repay £4000 or more over coming years, that would be quite an albatross around Truss’s neck. So maybe Truss is planning a £100bn grant to keep energy prices down, financed initially by government borrowing, though by definition that would mean the bill is one for taxpayers.
Someone will pick up the bill for putting a cap on household energy bills; that someone is you and me; the choice for Truss is whether she charges us through higher energy bills on years to come, or through cuts to other public services (since she has ruled out tax rises).
Robert Peston.
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Post by frankwellshrews on Sept 5, 2022 11:23:33 GMT 1
They certainly take their own sweet time the Conservatives: 10 am and still no announcement. Slow and weak implementing a windfall tax. Now, while millions worry about energy bills, Liz Truss, if it is her, is thinking about adopting Labour's plans to freeze raising the energy price cap. The public need to know what the hell is going to happen.
What about small business energy prices, not affected by the price cap? The village butcher in Albrighton is to close because his energy bill is rising from £15000 to £35000. Local butchers, pubs, etc. cannot just absorb £20 grand rises.
I'd be really interested to know how some small businesses are coping. I suspect a lot are gambling on a package of support being announced early this month, feels like a lot of households are too if the number of people paying 5 to 6 quid a pint last night in the new bar that's opened up here is anything to go by (of which i was one). It just feels a bit like people are desensitized to it all now after the last 2 and a bit years and nobody seems to genuinely believe the government won't continue to provide support as it did right through the pandemic. I've seen a lot in the news about businesses closing but not seeing any here and this isn t a high income neighbourhood plus has a fair number of empty properties dotted around the high street. I think savvy business owners are hanging on by the skin of their teeth. |
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Post by staffordshrew on Sept 5, 2022 11:26:50 GMT 1
Everyone is talking about Liz Truss’s supposed £100bn scheme to limit energy price rises as though it were a free lunch. It isn’t. Someone has to pay for it. The original scheme proposed by suppliers was for a massive government loan to them, with the cost of holding bills at current levels paid back by all household customers through our bills over ten years or so. It would be a “pay later” scheme. It would mean proportionately higher bills for all of us for a decade. Politically that is highly risky. Remember the trouble that Sunak got into when he announced that a £400 discount to bills would have to be repaid through our bills. If we all had to repay £4000 or more over coming years, that would be quite an albatross around Truss’s neck. So maybe Truss is planning a £100bn grant to keep energy prices down, financed initially by government borrowing, though by definition that would mean the bill is one for taxpayers. Someone will pick up the bill for putting a cap on household energy bills; that someone is you and me; the choice for Truss is whether she charges us through higher energy bills on years to come, or through cuts to other public services (since she has ruled out tax rises). Robert Peston. But, the Government can still borrow money much cheaper than you and me. The alternative to not doing this is a winter of miserable cold people. |
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Post by frankwellshrews on Sept 5, 2022 11:28:10 GMT 1
Everyone is talking about Liz Truss’s supposed £100bn scheme to limit energy price rises as though it were a free lunch. It isn’t. Someone has to pay for it. The original scheme proposed by suppliers was for a massive government loan to them, with the cost of holding bills at current levels paid back by all household customers through our bills over ten years or so. It would be a “pay later” scheme. It would mean proportionately higher bills for all of us for a decade. Politically that is highly risky. Remember the trouble that Sunak got into when he announced that a £400 discount to bills would have to be repaid through our bills. If we all had to repay £4000 or more over coming years, that would be quite an albatross around Truss’s neck. So maybe Truss is planning a £100bn grant to keep energy prices down, financed initially by government borrowing, though by definition that would mean the bill is one for taxpayers. Someone will pick up the bill for putting a cap on household energy bills; that someone is you and me; the choice for Truss is whether she charges us through higher energy bills on years to come, or through cuts to other public services (since she has ruled out tax rises). Robert Peston. What's another hundred bil on top of everything else though? We're at the point where the government's entire strategy is to inflate away the debt and if a byproduct of that is Liz' pals in the fossil fuels industry become even more filthy rich then that's a happy accident. I've seen the Truss/Kwarteng plan compared to Corbynomics this morning, of course missing the point that Corbyn at least seemed to understand you could control inflation and pay finance costs with taxation. The Tory gang are planning to increase borrowing massively AND cut taxes to drive "growth" - the latter beimg a euphemism for inflation in this context. That's the real way we'll pay for Truss' plan. |
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Post by staffordshrew on Sept 5, 2022 11:30:50 GMT 1
They certainly take their own sweet time the Conservatives: 10 am and still no announcement. Slow and weak implementing a windfall tax. Now, while millions worry about energy bills, Liz Truss, if it is her, is thinking about adopting Labour's plans to freeze raising the energy price cap. The public need to know what the hell is going to happen.
What about small business energy prices, not affected by the price cap? The village butcher in Albrighton is to close because his energy bill is rising from £15000 to £35000. Local butchers, pubs, etc. cannot just absorb £20 grand rises.
I'd be really interested to know how some small businesses are coping. I suspect a lot are gambling on a package of support being announced early this month, feels like a lot of households are too if the number of people paying 5 to 6 quid a pint last night in the new bar that's opened up here is anything to go by (of which i was one). It just feels a bit like people are desensitized to it all now after the last 2 and a bit years and nobody seems to genuinely believe the government won't continue to provide support as it did right through the pandemic. I've seen a lot in the news about businesses closing but not seeing any here and this isn t a high income neighbourhood plus has a fair number of empty properties dotted around the high street. I think savvy business owners are hanging on by the skin of their teeth. Butchers in Albrighton closing, butchers in Stoke says their bill will also go up to £35k, but they have a stay of execution because they have a £12K fixed tariff for the next 18 months. |
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Post by northwestman on Sept 5, 2022 11:37:21 GMT 1
Everyone is talking about Liz Truss’s supposed £100bn scheme to limit energy price rises as though it were a free lunch. It isn’t. Someone has to pay for it. The original scheme proposed by suppliers was for a massive government loan to them, with the cost of holding bills at current levels paid back by all household customers through our bills over ten years or so. It would be a “pay later” scheme. It would mean proportionately higher bills for all of us for a decade. Politically that is highly risky. Remember the trouble that Sunak got into when he announced that a £400 discount to bills would have to be repaid through our bills. If we all had to repay £4000 or more over coming years, that would be quite an albatross around Truss’s neck. So maybe Truss is planning a £100bn grant to keep energy prices down, financed initially by government borrowing, though by definition that would mean the bill is one for taxpayers. Someone will pick up the bill for putting a cap on household energy bills; that someone is you and me; the choice for Truss is whether she charges us through higher energy bills on years to come, or through cuts to other public services (since she has ruled out tax rises). Robert Peston. But, the Government can still borrow money much cheaper than you and me. The alternative to nor doing this is a winter of miserable cold people. But the more the Bank of England increases interest rates, the more expensive government borrowing becomes. The plunge in the value of the pound doesn't help either. |
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Post by MetaShrew on Sept 5, 2022 11:37:49 GMT 1
And the winner is... Larry the Cat!
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Post by martinshrew on Sept 5, 2022 11:47:30 GMT 1
But, the Government can still borrow money much cheaper than you and me. The alternative to nor doing this is a winter of miserable cold people. But the more the Bank of England increases interest rates, the more expensive government borrowing becomes. The plunge in the value of the pound doesn't help either. They were told to borrow heavily at a fixed rate whilst the interest was low, missed opportunity. Can't see many buying homes now, the interest rate will likely go up 0.5% at least, projected 4% soon. Your average 2 year fix will end up being 6% if not more. The economy looks shafted without huge intervention. |
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