mini budget

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Re: mini budget

Post by Dunners »

TRUMP Plumbing wrote: Tue Sep 27, 2022 1:04 pm This is it, isn’t it?
No. What's going to happen is that the public sector is going to get f*cked sideways with a 12" dildo wrapped in sandpaper and razor wire.
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Re: mini budget

Post by Dunners »

I see that things are going well today.

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Re: mini budget

Post by The Mindsweep »

Dunners wrote: Tue Sep 27, 2022 5:05 pm
TRUMP Plumbing wrote: Tue Sep 27, 2022 1:04 pm This is it, isn’t it?
No. What's going to happen is that the public sector is going to get f*cked sideways with a 12" dildo wrapped in sandpaper and razor wire.
It's almost as if they created this mess on purpose so they could then start cutting welfare which always plays out well to their base.

They need to cut far more than that though and where?

Looking like everyone, those with a mortgage or renters, will be looking at substantial increases in payments. As lenders hit owner occupiers or tenants through buy to let landlords, feel the pain of higher rates. 1p of tax wiped out dozens of times.
Last edited by The Mindsweep on Tue Sep 27, 2022 6:03 pm, edited 3 times in total.
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Re: mini budget

Post by tuffers#1 »

Dunners wrote: Tue Sep 27, 2022 5:06 pm I see that things are going well today.

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Its about you isnt it ?
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Re: mini budget

Post by Dunners »

IMF now talking about the UK like this. Embarrassing.

“We are closely monitoring recent economic developments in the UK and are engaged with the authorities.”
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Re: mini budget

Post by The Mindsweep »

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Re: mini budget

Post by Max Fowler »

BoniO wrote: Tue Sep 27, 2022 1:15 pm There is a positive side though. I've just sold my house in France so will coin it on the exchange back to Sterling.
My BTC is also back into the green so yeah, there are some pluses.
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Re: mini budget

Post by tuffers#1 »

The Mindsweep wrote: Tue Sep 27, 2022 9:48 pm This comes as no surprise

https://news.sky.com/story/spending-cut ... s-12706584
The Scummy T*ry party trying to destroy the
NHS . No suprise at all .
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Re: mini budget

Post by Long slender neck »

Havent we had enough cuts?
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Re: mini budget

Post by Long slender neck »

tuffers#1 wrote: Tue Sep 27, 2022 2:19 pm
Max B Gold wrote: Tue Sep 27, 2022 2:10 pm
BoniO wrote: Tue Sep 27, 2022 1:15 pm There is a positive side though. I've just sold my house in France so will coin it on the exchange back to Sterling.
Then what? You may not have noticed but inflation is rampant and Sterling is tanking. Hodl for now or get some Crypto.
Every year my Sister has bought 5k of $ for the last 2 decades. Just cashed in yesterday . 4X trading has its perks I suppose .
How boring.
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Re: mini budget

Post by tuffers#1 »

Long slender neck wrote: Tue Sep 27, 2022 10:49 pm
tuffers#1 wrote: Tue Sep 27, 2022 2:19 pm
Max B Gold wrote: Tue Sep 27, 2022 2:10 pm

Then what? You may not have noticed but inflation is rampant and Sterling is tanking. Hodl for now or get some Crypto.
Every year my Sister has bought 5k of $ for the last 2 decades. Just cashed in yesterday . 4X trading has its perks I suppose .
How boring.
Good for you
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Re: mini budget

Post by Still's Carenae »

When everybody is on your back, you must be doing something right?

If the IMF have an issue with a £1.4bn change in April, against a debt of £2,000bn, you know they are concerned about us becoming more competitive and want to keep us down. They also never or almost ever make any political statements, but they have now.
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Re: mini budget

Post by tuffers#1 »

Still's Carenae wrote: Tue Sep 27, 2022 10:57 pm When everybody is on your back, you must be doing something right?

If the IMF have an issue with a £1.4bn change in April, against a debt of £2,000bn, you know they are concerned about us becoming more competitive and want to keep us down. They also never or almost ever make any political statements, but they have now.
:lol: :lol: More Competitive :lol: :lol:
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Re: mini budget

Post by o-no »

Still's Carenae wrote: Tue Sep 27, 2022 10:57 pm When everybody is on your back, you must be doing something right?
Definitely. When everyone's saying 'Don't throw yourself off that cliff', it can really only mean one thing.
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Re: mini budget

Post by Dunners »

^I see that the "don't like the message, then discredit the messenger" defence is being deployed.

Anyway, whatever, this is brilliant. Apparently the reason why the international money markets are spooked by the UK isn't because of fiscal and monetary policy, it's because they're worried about Kier Starmer.

:lol:

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Re: mini budget

Post by Dunners »

They're clearly all opening their emailed instructions from Tory HQ on today's media talking points.

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Re: mini budget

Post by Long slender neck »

Do they actually believe this bullshit?
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Re: mini budget

Post by Max Fowler »

People do.

Have you not ever seen the past?
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Re: mini budget

Post by Dunners »

No, of course not. They just rely on some of it sticking with the usual thicko voters.

However it's all about to be drowned about because a MASSIVE intervention is being announced now by the BoE.
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Re: mini budget

Post by The Mindsweep »

Dunners wrote: Wed Sep 28, 2022 11:14 am They're clearly all opening their emailed instructions from Tory HQ on today's media talking points.

Old City mates of mine say that Truss is referred to as "Daggers", as she is 2-3 stops past Barking
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Re: mini budget

Post by Dunners »

Wow. Big news from the BoE.

How does Truss/Kwarteng survive this?
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Re: mini budget

Post by Dunners »

Sorry, link:

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Re: mini budget

Post by Dunners »

According to the BoE, this will be funded by the Bank's own reserves. So is this not QE (which is bad enough)? Are we seeing our banking reserves depleted just to bail out this f*cking government?
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Re: mini budget

Post by The Mindsweep »

Dunners wrote: Wed Sep 28, 2022 11:21 am Sorry, link:

Not something the BOE would have contemplated before "Starmer's speech"
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Re: mini budget

Post by Dunners »

Oh wait, I think I've answered my own question. If the bank's reserves are a result of previous QE/printing, then this is sort of more QE. Anyone know if this is right?
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