• Existing user of old message board?

    Your username will have transferred over to this new message board, but your password will need to be reset. Visit our convert your account page, to transfer your old password over.

Budget 2024

It was a bad budget, not just for the headline mistakes but for many more issues it is causing behind the scenes.
Even the BBC has weighed in - wonders will never cease!
Reeves made the classic mistake of working on the best figures and not the worst.
Plan for the worst and hope for the best - she planned for the best and didn't even consider any downsides.
We will tank this year and it is really worrying.
The Economy was on the up when they took over - albeit from a low base - and Reeves has not read the room and put the brakes on growth while at the same time investing in the Public Sector - telling us all that this would promote growth - really - please explain how - especially when the investment came without any output criteria.
Grrr!
 
Jacey said:
So nothing at all to do with Rachel's total incompetence ??
Click to expand...

She is the problem and she is a banker.

Banks extract from the economy, they exploit they do not contribute to growth, all the money kept in their high interest accounts is not invested in the economy, in fact they drive low growth and recession.

They act in their self-interest only.

If they were not independent, and they were not in Thatcher's time, the government which is actually the owner of the BOE through the democratic vote, could act promptly to adjust interest rates without waiting for their belated and usually incorrect decisions. particularly on inflation.

No more MCP comittees whose members naturally benefit from high interest rates.

While this is going on, of course, the BOE will be claiming we are incompetitive and wages are to high.

Bsnking de-regulation was a ghastly mistake, and they are thinking of letting them loose again.

Death to bankers.

😎
 
steeleye20 said:
She is the problem and she is a banker.

Banks extract from the economy, they exploit they do not contribute to growth, all the money kept in their high interest accounts is not invested in the economy, in fact they drive low growth and recession.

They act in their self-interest only.

If they were not independent, and they were not in Thatcher's time, the government which is actually the owner of the BOE through the democratic vote, could act promptly to adjust interest rates without waiting for their belated and usually incorrect decisions. particularly on inflation.

No more MCP comittees whose members naturally benefit from high interest rates.

While this is going on, of course, the BOE will be claiming we are incompetitive and wages are to high.

Bsnking de-regulation was a ghastly mistake, and they are thinking of letting them loose again.

Death to bankers.

😎
Click to expand...
Rachel from Accounts 😀

I read her real job description she was a junior / middle manager at HBOS which in it's self was a minor bank. I would say that she and I were pretty much on the same level. Simply put we carried out orders and did not make policy.

She has been over promoted into a job she has no real experience of and it is showing. Odd that Liz Truss was bombed out of her job by the markets and Reeves has now done a similar thing and yet she is still there.

As for the banks we could abolish them but then who would you borrow money from.
 
You must log in or register to reply here.

Share this page

Holmesdale Online Shop

Back
Top