This governments shenanigans

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macliam
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Re: This governments shenanigans

Post by macliam » Mon Sep 26 2022 7:39pm

Richard Frost wrote:
Mon Sep 26 2022 6:08pm
Today the £ reached it lowest ever value against the dollar since records began 250 years ago.
............ and to think they said that her government would never achieve anything! :roll:
Just because I'm paranoid, it doesn't mean they're not out to get me

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Re: This governments shenanigans

Post by Chadwick » Mon Sep 26 2022 8:07pm

macliam wrote:
Mon Sep 26 2022 7:39pm
Richard Frost wrote:
Mon Sep 26 2022 6:08pm
Today the £ reached it lowest ever value against the dollar since records began 250 years ago.
............ and to think they said that her government would never achieve anything! :roll:
She did say something about hitting the ground...

Sarah
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Re: This governments shenanigans

Post by Sarah » Tue Sep 27 2022 12:31am

Margarine Thatcher :lol:

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macliam
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Re: This governments shenanigans

Post by macliam » Tue Sep 27 2022 6:59am

Sarah wrote:
Tue Sep 27 2022 12:31am
Margarine Thatcher :lol:

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Like it!
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Sarah
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Re: This governments shenanigans

Post by Sarah » Tue Sep 27 2022 11:06pm

"IMF sounds alarm on UK tax cut plans"
https://www.bbc.co.uk/news/business-63051702

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Re: This governments shenanigans

Post by macliam » Wed Sep 28 2022 9:56am

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Just because I'm paranoid, it doesn't mean they're not out to get me

Sarah
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Re: This governments shenanigans

Post by Sarah » Wed Sep 28 2022 10:17am

It's amazing these people can tie their own shoe laces... :shock:
Daniel Hannan wrote:No, the pound isn’t crashing over a trifling batch of tax cuts. It’s because the markets are terrified of Keir Starmer.
https://conservativehome.com/2022/09/28 ... -tax-cuts/
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Re: This governments shenanigans

Post by Richard Frost » Wed Sep 28 2022 10:40am

Sarah wrote:
Wed Sep 28 2022 10:17am
It's amazing these people can tie their own shoe laces... :shock:
Daniel Hannan wrote:No, the pound isn’t crashing over a trifling batch of tax cuts. It’s because the markets are terrified of Keir Starmer.
https://conservativehome.com/2022/09/28 ... -tax-cuts/
Just defies all logic.

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Re: This governments shenanigans

Post by Chadwick » Wed Sep 28 2022 10:48am

Yup, the IMF certainly sounds terrified of Kier Starmer.
The IMF wrote:Given elevated inflation pressures in many countries, including the UK, we do not recommend large and untargeted fiscal packages at this juncture, as it is important that fiscal policy does not work at cross purposes to monetary policy.

The Financial Times dug a little deeper...
The FT wrote: Eswar Prasad, a former senior IMF official, said: “This is a hard-hitting and pointed criticism that pulls few punches. This is as close as IMF language comes to calling a set of policies irresponsible, ill-advised and ill-timed.”

Mark Sobel, a former US Treasury official and ex-IMF representative, said the statement was “unusual in its sharpness” but that he approved of the fund being “a ruthless truth teller”.

Adnan Mazarei, former deputy director at the IMF, described the statement as “on the strong side” and said the fund was “concerned, especially about the risks of a spillover”, which he described as “tangible”.

He added: “The UK authorities have embarked on an unnecessarily risky path.”
https://www.ft.com/content/06962055-6b3 ... ea3cb9e082

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Re: This governments shenanigans

Post by Sarah » Wed Sep 28 2022 11:56am

Bank Of England now buying bonds to support the £!

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