ASCPFC
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- Location
- Pro-Cathedral/caravan park
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Ireland
Inflation up, huge surprise as the cost of doing business has gone up.
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Rachel Reeves
- Topic starter The Dolphin
- Start date
Willo
Member
- Location
- West Sussex - On the coast
- Country
England
Us Conservatives warned Labour that their plans would drive up inflation.
Labour ignored us and the statistics published today show the consequences of their tax hikes, spending sprees and borrowing splurges!
Inflation now stands at 3%, up from 2% in July when Labour took office. The Bank of England has warned that Inflation could rise to 3.7%.
Labour ignored us and the statistics published today show the consequences of their tax hikes, spending sprees and borrowing splurges!
Inflation now stands at 3%, up from 2% in July when Labour took office. The Bank of England has warned that Inflation could rise to 3.7%.
All down to useless Rachel who should be removed and go back to a more suitable job, complaints clerk!!
Stirlingsays
Member
- Country
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England
Willo, old boy, does this mean that your beloved Conservatives' policies were solely to blame for inflation reaching over 10% back in 2022?
I don't think I want to hear a lesson on inflation from the tories thanks.
Willo
Member
- Location
- West Sussex - On the coast
- Country
-
England
Inflation rose on account of external global factors IE The effects of Russia's invasion of Ukraine, increased demand for oil and gas,higher food prices etc etc.
The current increase in Inflation is solely attributable to the actions of the Labour party.
Of course it did, how silly of me. But the 2008 crash was Labours fault I assume? Do tell.
Willo
Member
- Location
- West Sussex - On the coast
- Country
-
England
The fact remains that when the Conservatives left office, Inflation was at 2%, it is now at 3% and the Bank of England has warned that it could rise to 3.7%.
Willo
Member
- Location
- West Sussex - On the coast
- Country
-
England
I have NOT claimed that Labour were responsible for the 2008 financial crisis.
I DO claim that the current woes, with Business confidence eroded is solely down to the policies of the current Labour Government.
In private, in numerous conversations, I am on my 'Soapbox' regarding Labour and the current administration.
I have a proclivity to stay clear of the political debates on HOL as my life outside this cherished site is somewhat consumed by political activity and debate and my 'Raison D'Etre' for joining HOL was purely to engage in discussions concerning our club and the wider football community.
My contributions on the Political threads are somewhat limited and I suspect this will remain the case for the foreseeable future.
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Have you checked what is happening with inflation globally at the moment?
Trump also has this coming down the pipe for him too.
ASCPFC
Member
- Location
- Pro-Cathedral/caravan park
- Country
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Ireland
Rachel Reeves: What we've learned about her expenses and Labour response
Senior figures defended the chancellor after we revealed her expenses were investigated before she was an MP.
www.bbc.com
Stirlingsays
Member
- Country
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England
Hang on, the left weren't accepting that argument when the Tories were using it.
I’m pretty sure it was pretty well acknowledged it was pretty much all down to external global supply side factors - mainly energy prices and the knock on effect. We also had Brexit to add into our mix too. Anyone that didn’t accept that at the time didn’t know what they were talking about.
Stirlingsays
Member
- Country
-
England
While I think Rachel from accounts is a nightmare....and a dishonest one just like her party I don't think it really matters that much.....2008, the covid response weigh far, far, far more than any damage a single incompetent government treasury can achieve.
Anyway I'd recommend people listen to Ray Dalio, one of the top investors in the modern era and who isn't particularly interested in politics, talking about the economy ahead with your friend and mine, Tucker Carlson.
Essentially, sort yourselves out as best you can before the end of the decade.
steeleye20
Member
- Location
- Croydon
- Country
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England
It is not worth driving the economy into recession for a fractional decrease in inflation.
Interest rates substantially higher than Europe or the USA, quantatitive tightening on top of covid and brexit, the private sector did not drive growth since 2008 so why would it now.
The bill for QE around 150 billions (Bloomberg).
I don't know why tory people are complaining as they have another tory governmenr in situ, complete with tory fantasy projects like HS2 still continuing, the bulldozers do not lead to growth, rather the reverse.
Labour look like the new 'nasty party', with its attack on the less well-off.
It's not a bad idea to be moral and be on the side of the people, that is after all what socialism is supposed to be about, Wilson did more than just pose at it.
Looks like the new 'Attlee' and his side-kick are so far right they are out of sight.
😎
.
Interest rates substantially higher than Europe or the USA, quantatitive tightening on top of covid and brexit, the private sector did not drive growth since 2008 so why would it now.
The bill for QE around 150 billions (Bloomberg).
I don't know why tory people are complaining as they have another tory governmenr in situ, complete with tory fantasy projects like HS2 still continuing, the bulldozers do not lead to growth, rather the reverse.
Labour look like the new 'nasty party', with its attack on the less well-off.
It's not a bad idea to be moral and be on the side of the people, that is after all what socialism is supposed to be about, Wilson did more than just pose at it.
Looks like the new 'Attlee' and his side-kick are so far right they are out of sight.
😎
.
Per Labour it was all 14 years of Tories and nothing to do with external factors, now the shoe is on the left foot it all changes
Owen, lad, read my post properly. I said it was pretty much all external factors during the Tories.
Dubai Eagle
Member
- Country
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England
Taken from one of the despicable me movies around 2012 ish -
I took my 2 to see it, (one was 9 the other 7 ish) when I saw this it absolutely cracked me up
I took my 2 to see it, (one was 9 the other 7 ish) when I saw this it absolutely cracked me up
If you read my post properly I was referring to Labour as a whole , not you as an individual.
Labour were at pains pre election, campaigning, and post election to not mention external factors, they all parroted the " 14 years of Tories " mantra.
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