Westminster Politics 2024-2029

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Farage above both reeves and streeting, the two people labour changed the rules to pretty much ensure one of them succeeded starmer when the time is right, among LABOUR votors, just sums up the labour right.

They ALL think they are the smartest people in any room. I've never met anyone who likes either of them. Streeting is as slimy as they come.
 
Nogbadthebad said:
Farage above both reeves and streeting, the two people labour changed the rules to pretty much ensure one of them succeeded starmer when the time is right, among LABOUR votors, just sums up the labour right.

They ALL think they are the smartest people in any room. I've never met anyone who likes either of them. Streeting is as slimy as they come.
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Well fecking said. Alexei Sayle was spot on about the Labour Right.
 
Nogbadthebad said:
Farage above both reeves and streeting, the two people labour changed the rules to pretty much ensure one of them succeeded starmer when the time is right, among LABOUR votors, just sums up the labour right.

They ALL think they are the smartest people in any room. I've never met anyone who likes either of them. Streeting is as slimy as they come.
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What is this? I must have missed this bullshit.
 
TheGame said:
:lol: :lol:

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It looks funny, but it is a sign of everythingt hat is going on.

Politics has become a grift, farage with his business as a party, laurance fox and now this moron. I mean calling it bruv, he isn;t even being subtle, its a pisstake, he'll get a couple of million in donations and be gone.

This is what we have as a democracy now.
 
I don't really get the Tory demand for an inquiry on grooming. Normally it's the ruling party that commissions inquiries, long ones, to kick the can down the road awhile and avoid making difficult decisions or accepting blame. The Tories seem to want one that would be mostly looking at their own years of government I'd have thought, and it will be mostly their failures that will be highlighted. Odd.
 
711 said:
I don't really get the Tory demand for an inquiry on grooming. Normally it's the ruling party that commissions inquiries, long ones, to kick the can down the road awhile and avoid making difficult decisions or accepting blame. The Tories seem to want one that would be mostly looking at their own years of government I'd have thought, and it will be mostly their failures that will be highlighted. Odd.
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they can hide their paedos by labour not wanting to expose theirs.
 
711 said:
I guess the main reason is hoping it will find fault with Starmer as prosecutor but it still seems short-sighted of them to me.
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All it is about is throwing the latest available mud at Labour, ignoring the reality that they (Tories) failed to implement any of the proposed actions from the last report in 2022.

They’ve essentially joined the hecklers “Why won’t you have an inquiry? What are you trying to hide? Please don’t remember we’ve done nothing to resolve the findings of the last one”

Pure distraction techniques.
 


By the end of 2024, Britain will very likely be governed by a right-wing Labour clique whose basic instinct is to manoeuvre itself into an ideological ambiguity bordering on total opacity, to define itself by stating what it is not rather than what it is, and to promise that it will maintain a holding pattern over national decline rather than doing anything substantive to renew a faltering, increasingly outmoded society and economy. And that is without even mentioning its leading light Keir Starmer’s murky, abrogating approach to climate change and avoiding environmental disaster.

As even some of his most sympathetic supporters in the media are now coming to realise, Starmer’s Labour is neither red, nor blue, nor green, nor indeed any other easily recognisable colour on the political spectrum. Let there be no mistake about it: these are the days of Grey Labour.

Grey Labour is a specific phenomenon in British political history, which follows largely from the hollowed-out Blairism of the Labour right in recent years. Though Labour under Keir Starmer is in some sense a neo-Blairite project, its main cosmetic change from the Blair model has been the replacement of the adrenalised ‘modernising’ spirit of Labour in the millennium years with a much narrower mode, one characterised above all by passivity, small-c conservatism, and pathological denial of the possibility of meaningful change happening in the near future.

https://tribunemag.co.uk/2024/02/grey-labour
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Mr Pigeon said:
How?
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I think they mean this -

Rachel Reeves could be forced to make fresh cuts to public spending at her March “spring forecast” as a rise in government borrowing costs risks the chancellor breaking her own fiscal rules.

With the government under pressure on the economy, City analysts warned that Britain’s long-term borrowing costs hitting the highest level since 1998 risked wiping out almost all of a £10bn buffer the chancellor had kept in reserve at the autumn budget.

The yield – in effect the interest rate – on UK 30-year debt rose by 0.4 percentage points to 5.22%, above the peak reached after Liz Truss’s mini-budget in 2022 sparked turmoil in financial markets, to hit the highest level in 27 years.

Government borrowing costs have risen worldwide in recent weeks as investors weigh up the prospect of stubbornly high inflation forcing the world’s most powerful central banks to hold back from cutting interest rates. Investors also fear the US president-elect Donald Trump’s policies could further stoke inflationary pressures.

Growth in the UK is on track to have flatlined in the second half of last year, while inflation remains above the Bank of England’s 2% target – limiting its scope to cut borrowing costs.

Economists said if the recent rise in bond yields was sustained, it would add to the government’s debt servicing costs and could lead the Office for Budget Responsibility (OBR) to judge that Reeves was on course to break her fiscal rule to balance day-to-day spending with taxes by 2029-30.

“It suggests that the recent rise in borrowing costs has wiped out £8.9bn of the chancellor’s £9.9bn headroom,” said Ruth Gregory, the deputy chief UK economist at the consultancy Capital Economics.

While as little as £1bn would be left after the latest gyrations in bond markets, a further increase in 20-year borrowing costs of only 0.06 percentage points would wipe out all of the headroom.

“This means Reeves could soon face a nasty choice of breaking her fiscal rules or announcing more tax rises and/or spending restraint at a time when the economy is already weak,” Gregory added.

Reeves is expected to present updated OBR forecasts on the economy and public finances to parliament on 26 March. She has signalled she is unlikely to announce tax and spending changes, saying she is committed to one major fiscal event a year to give families and businesses more stability.

City analysts have questioned whether the chancellor would pass up an opportunity to take corrective action in the event of a damning OBR verdict – stoking speculation that Reeves could raise taxes.

However, the chancellor has committed not to raise taxes any further after announcing £40bn of revenue-raising measures in her autumn budget. The Treasury said on Tuesday that her fiscal rules were non-negotiable, signalling that if any adjustments were made they would come through spending cuts.

“We are not going to pre-empt the OBR’s forecast; however, no one should be under any doubt of the chancellor’s commitment to economic stability and sound public finances. That is why meeting the fiscal rules is non-negotiable,” a Treasury spokesperson said.

The rise in long-term borrowing costs came as the Treasury’s Debt Management Office sold £2.25bn of new 30-year bonds at a yield of 5.2%, the highest level for a 30-year gilt yield since May 1998 when Gordon Brown was the chancellor.

The Bank had forecast zero growth in the UK economy in the final three months of 2024 and has warned inflation is set to remain above its 2% target until at least 2027. The economy shrank for a second month in October, while revised figures show zero growth in the third quarter.

Investors have pared their bets for deeper rate cuts from the central bank, with financial markets now anticipating only two reductions in 2025, compared with as many as four a couple of months ago.

US 10-year bond yields rose to an eight-month high on Tuesday amid investor concerns over Trump’s policies and ahead of a Treasury auction of $39bn (£31.2bn) of new debt.

Eurozone borrowing costs have also risen after figures this week showed inflation jumped to 2.4% in December, dampening expectations for a large rate cut from the European Central Bank later this month.

https://www.theguardian.com/busines...ighest-since-1998-amid-fears-over-weak-growth
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Tbh framing it as a Labour problem is a bit much. Large sections of capitalism are clearly completely fecked and have been since 2008.

But at the same time this current Labour lot did their best to destroy any chance at reforms and then ran on a bunch of lies while having no intention of changing anything. So they deserve to get the blame.
 
Sweet Square said:
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This country is absolutely cooked.

11101 said:


10 year gilts now at the highest level since.... the last time Labour got hold of the economy.
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This Labour party may have a few different fiscal policies than the Tories but they have the same neoliberal economic outlook. It's the economic system which is the problem, it honestly doesn't matter who's in charge.

Do you really believe things would be going better if the Tories had won the GE?
 
Absolutely nobody is going to convince me that Starmer and Reeves aren’t agents of the Tory party establishment.
 
Mogget said:
This country is absolutely cooked.


This Labour party may have a few different fiscal policies than the Tories but they have the same neoliberal economic outlook. It's the economic system which is the problem, it honestly doesn't matter who's in charge.

Do you really believe things would be going better if the Tories had won the GE?
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There were two major missteps in the budget. The first was hiking national insurance for employers. The second was pouring the revenue from it straight into the bowels of the public sector, rather than putting it somewhere that generates growth.

The Tories needed a clear out but economically things were going better and no reason to think they wouldn't still be. If this bond market continues the budget is dead in the water.
 
I would be quite surprised if Reeves is not forced out in the coming months. She blatantly lied about her roles working in the banking industry and is quite evidently out of her depth in the role as chancellor.
 
11101 said:
There were two major missteps in the budget. The first was hiking national insurance for employers. The second was pouring the revenue from it straight into the bowels of the public sector, rather than putting it somewhere that generates growth.

The Tories needed a clear out but economically things were going better and no reason to think they wouldn't still be. If this bond market continues the budget is dead in the water.
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Public services have been decimated by the Tories. The irony of the budget is that local authorities still have massive shortfalls in their budgets which will impact local services. However public services need serious investment for improvements.
 
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