Your data shows what we already knew - the US economy recovered well under Biden and growth turned negative in Trump's first quarter. The UK economy has recovered far slower but is still fairly resilient, and growth rate has picked up slightly under Labour.
Rachel Reeves
- Topic starter The Dolphin
- Start date
Your data shows what we already knew - the US economy recovered well under Biden and growth turned negative in Trump's first quarter. The UK economy has recovered far slower but is still fairly resilient, and growth rate has picked up slightly under Labour.
chris123
Member
- Location
- hove actually
- Country
England
Rolls was a good call.
georgenorman
Member
- Country
-
England
I've got Rolls Royce, didn't buy at 36p - you must be quids in.
I was on Holiday and thought I'd better take up my rights.Very pleased i bothered.
10 year gilt yields are higher under Labour and Reeves than they ever were under Truss and have been so for all of 2025, Truss was in power for a MONTH.
If Gilts are your measure then Labour and Truss are consistently worse and for a longer period than Truss
They’ve never recovered from Truss.
Simply not true
Have you actually looked at the charts, 1/12/2024 the yield was 3.54 compared to 4.55 yesterday.
UK 10 year Gilt Bond, chart, prices - FT.com
UK 10 year Gilt, interest rates, bond rates, bond rate
This will help you understand.
USA bond rates follow a similar curve
I don't mean to trigger your self doubt and insecurity but do really give economic advice for a living?
Presumably your client is Rachel Reeves
Simply not true
Have you actually looked at the charts, 1/12/2024 the yield was 3.54 compared to 4.55 yesterday.
UK 10 year Gilt Bond, chart, prices - FT.com
UK 10 year Gilt, interest rates, bond rates, bond ratemarkets.ft.com
This will help you understand.
USA bond rates follow a similar curve
I don't mean to trigger your self doubt and insecurity but do really give economic advice for a living?
Presumably your client is Rachel Reeves
Do you understand how to read charts Owen?
Yes thank you
The higher yield indicates the markets that lend to the UK have less confidence in the way the economy is being managed and how the debt burden is growing.
If you are suggesting that a higher yield is a good thing then you can't criticise Truss, plain fact is yield is higher now than it ever was under Truss' leadership.
Do you understand how to read it before Liz Truss came in?
Yes it was lower, as were bond yields globally.
If you are blaming the current yield on Liz Truss then best of luck in your future career.
Ok let's try this.
Your assertion is the bond yield is higher today than it would be, had there been no Truss budget.
That being the case, what do you think the rate would be today has there not been a Truss budget and what is your supporting argument for the number
I am more than prepared to change my mind if presented with solid evidence.
Possibly close to what it is now, it was creeping up and would have gone higher anyway.
Your good ol’ Liz just decided to tie a rocket to it and do it overnight instead of let people carefully plan what to do with it.
OK , how did you arrive at that conclusion?
So you are saying it would be where it is anyway but in your view the difference is how it got to where it is from the date of the " mini budget " on Sep 23rd.
The idea that people would carefully plan is nonsense unless they had the power of seeing into the future.
She is not my Liz Truss at all, I think her ideas had merit but her implementation strategy was ill considered.
Was Liz Truss wrong – or wronged?
A year ago, Liz Truss and Kwasi Kwarteng had just announced that they would hold a mini-Budget. It turned out to be the tax-cutting Budget that people like me had long been arguing for. So why wasn’t I more supportive at time, and since? I look at this in my Daily Telegraph column and it takes us
www.spectator.co.uk
She was I think wrong and wronged but was a convenient scapegoat.
The economic conditions existed that led to the spike before she was PM
There a number of articles to this effect from proper economists without any political axes to grind.
Personally I piled into Sterling at 8.43 to the HKD in September 2022, despite not being able to read a chart apparently it worked out rather well
I sold that position at two years later at 10.43 and earned in addition to ROE gain 3.5% per annum fixed deposit rate
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chris123
Member
- Location
- hove actually
- Country
-
England
I think Kwasi Kwarteng was shafted by his bossOK , how did you arrive at that conclusion?
So you are saying it would be where it is anyway but in your view the difference is how it got to where it is from the date of the " mini budget " on Sep 23rd.
The idea that people would carefully plan in nonsense unless they has the power or seeing into the future.
She is not my Liz Truss at all, I think her ideas had merit but her implementation strategy was ill considered.
Was Liz Truss wrong – or wronged?
A year ago, Liz Truss and Kwasi Kwarteng had just announced that they would hold a mini-Budget. It turned out to be the tax-cutting Budget that people like me had long been arguing for. So why wasn’t I more supportive at time, and since? I look at this in my Daily Telegraph column and it takes us
She was I think wrong and wronged but was a convenient scapegoat.
The economic conditions existed that led to the spike before she was PM
There a number of articles to this effect from proper economists without any political axes to grind.
Personally I piled into Sterling at 8.43 to the HKD in September 2022, despite not being able to read a chart apparently it worked out rather well
I sold that position at two years later at 10.43 and earned in addition to ROE gain 3.5% per annum fixed deposit rate
Wise words
I think he was off balance being in such a high office , usually he is more calm and thoughtful
OK , how did you arrive at that conclusion?
So you are saying it would be where it is anyway but in your view the difference is how it got to where it is from the date of the " mini budget " on Sep 23rd.
The idea that people would carefully plan is nonsense unless they had the power of seeing into the future.
She is not my Liz Truss at all, I think her ideas had merit but her implementation strategy was ill considered.
Was Liz Truss wrong – or wronged?
A year ago, Liz Truss and Kwasi Kwarteng had just announced that they would hold a mini-Budget. It turned out to be the tax-cutting Budget that people like me had long been arguing for. So why wasn’t I more supportive at time, and since? I look at this in my Daily Telegraph column and it takes us
She was I think wrong and wronged but was a convenient scapegoat.
The economic conditions existed that led to the spike before she was PM
There a number of articles to this effect from proper economists without any political axes to grind.
Personally I piled into Sterling at 8.43 to the HKD in September 2022, despite not being able to read a chart apparently it worked out rather well
I sold that position at two years later at 10.43 and earned in addition to ROE gain 3.5% per annum fixed deposit rate
Good work. Hope some of the gain is going to HMT.
..... and match