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IMF statement
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By *orset.J OP Man
over a year ago
Weymouth |
The IMF have issued a statement on the financial crisis that we are experiencing at the moment.
It is a humiliating moment for this country potentially as bad as the Suez crisis. Truss, Kwartang and the government have basically been told to change policy or run the risk of a financial bail out.
Truss is meant to be experienced having 12 years of being in government and at higher ministerial positions- she should known this latest fiscal policy was madness.
Ideology is finally being confronted by real international market forces and they smell bullshit.
Today will go down as a watershed in the Conservatives history ….. unless Truss does what we know she always capable of- ……. The mother of all U turns.
She will be no longer beholden to party doners with the IMF breathing down her neck.
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By (user no longer on site)
over a year ago
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"The IMF have issued a statement on the financial crisis that we are experiencing at the moment.
It is a humiliating moment for this country potentially as bad as the Suez crisis. Truss, Kwartang and the government have basically been told to change policy or run the risk of a financial bail out.
Truss is meant to be experienced having 12 years of being in government and at higher ministerial positions- she should known this latest fiscal policy was madness.
Ideology is finally being confronted by real international market forces and they smell bullshit.
Today will go down as a watershed in the Conservatives history ….. unless Truss does what we know she always capable of- ……. The mother of all U turns.
She will be no longer beholden to party doners with the IMF breathing down her neck.
"
Thick Lizzie failing at the first hurdle |
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By *bernathCouple
over a year ago
Gloucestershire |
"The IMF have issued a statement on the financial crisis that we are experiencing at the moment.
It is a humiliating moment for this country potentially as bad as the Suez crisis. Truss, Kwartang and the government have basically been told to change policy or run the risk of a financial bail out.
Truss is meant to be experienced having 12 years of being in government and at higher ministerial positions- she should known this latest fiscal policy was madness.
Ideology is finally being confronted by real international market forces and they smell bullshit.
Today will go down as a watershed in the Conservatives history ….. unless Truss does what we know she always capable of- ……. The mother of all U turns.
She will be no longer beholden to party doners with the IMF breathing down her neck.
Thick Lizzie failing at the first hurdle "
She fell at the starting pistol, mate, |
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By *oo hotCouple
over a year ago
North West |
We have been through this before.
See 1972 Anthony Barber’s “spend for growth” budget. The consequences of that budget were so catastrophic that the Ted Heath Conservative Government lost the 1974 election to Harold Wilson because of spiralling inflation and high interest rates.
By 1976 Harold Wilson had to call in the IMF to help steady the ship as internal measures were not helping.
This was one of the most embarrassing moments in Britains history and ALL of the same circumstances are in place now. |
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By *bernathCouple
over a year ago
Gloucestershire |
"We have been through this before.
See 1972 Anthony Barber’s “spend for growth” budget. The consequences of that budget were so catastrophic that the Ted Heath Conservative Government lost the 1974 election to Harold Wilson because of spiralling inflation and high interest rates.
By 1976 Harold Wilson had to call in the IMF to help steady the ship as internal measures were not helping.
This was one of the most embarrassing moments in Britains history and ALL of the same circumstances are in place now."
History repeating itself, tories burn all, slash all, and let labour pick up the pieces, so they can come back. Dirty tory tactics, what utter pricks. |
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By *AFKA HovisMan
over a year ago
Sindon Swingdon Swindon |
"We have been through this before.
See 1972 Anthony Barber’s “spend for growth” budget. The consequences of that budget were so catastrophic that the Ted Heath Conservative Government lost the 1974 election to Harold Wilson because of spiralling inflation and high interest rates.
By 1976 Harold Wilson had to call in the IMF to help steady the ship as internal measures were not helping.
This was one of the most embarrassing moments in Britains history and ALL of the same circumstances are in place now."
this sounds suspiciously like economic history. Maybe we should get a student of that to run the economy ... Oh wait. |
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By *orset.J OP Man
over a year ago
Weymouth |
"We have been through this before.
See 1972 Anthony Barber’s “spend for growth” budget. The consequences of that budget were so catastrophic that the Ted Heath Conservative Government lost the 1974 election to Harold Wilson because of spiralling inflation and high interest rates.
By 1976 Harold Wilson had to call in the IMF to help steady the ship as internal measures were not helping.
This was one of the most embarrassing moments in Britains history and ALL of the same circumstances are in place now."
Sad but so true- self inflicted and still reversible at this stage |
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By (user no longer on site)
over a year ago
|
Good to see that the IMF is concerned about the UK's state finances, though not sure where they have been for the past two years when the government was on a deranged spending spree.
Looking forward to seeing the IMF's response to Labour's latest conference proposals, all of which seem to involve more government intervention and more government spending.
Labour already seems to have committed to spending the return of the 45% tax rate on more nurses (surprise) (Monday) and breakfast clubs (Tuesday). The 45% tax rate is going to have to be doing an awful lot of work, alongside providing all our energy and cheap housing for all, even for those who are "superficially black" presumably. |
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"Good to see that the IMF is concerned about the UK's state finances, though not sure where they have been for the past two years when the government was on a deranged spending spree.
Looking forward to seeing the IMF's response to Labour's latest conference proposals, all of which seem to involve more government intervention and more government spending.
Labour already seems to have committed to spending the return of the 45% tax rate on more nurses (surprise) (Monday) and breakfast clubs (Tuesday). The 45% tax rate is going to have to be doing an awful lot of work, alongside providing all our energy and cheap housing for all, even for those who are "superficially black" presumably."
Excellent, we definitely should focus on someone else other than the government and their actions. |
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"It's a complete fuck up.
All the companies that the Tories where hoping to suck up to are going to be baying for blood now.
Time for a general election me thinks."
As the poster above you alludes to. A GE is pointless. The average Tory voter simply either doesn't give a fuck about how badly the government fucks over the country, or is programmed to be so scared of an alternative that they would vote Tory to the bitter end. |
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By (user no longer on site)
over a year ago
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"Good to see that the IMF is concerned about the UK's state finances, though not sure where they have been for the past two years when the government was on a deranged spending spree.
Looking forward to seeing the IMF's response to Labour's latest conference proposals, all of which seem to involve more government intervention and more government spending.
Labour already seems to have committed to spending the return of the 45% tax rate on more nurses (surprise) (Monday) and breakfast clubs (Tuesday). The 45% tax rate is going to have to be doing an awful lot of work, alongside providing all our energy and cheap housing for all, even for those who are "superficially black" presumably.
Excellent, we definitely should focus on someone else other than the government and their actions. "
Not in the slightest, I have no sympathy at all with this government's mismanagement of the public finances which has been appalling. It's been obvious to any idiot that shutting down the economy and paying people to stay at home doing nothing for two years, the relentless pursuit of net zero when no viable alternatives are available, and posturing about Ukraine, would end up where we are fiscally and economically.
But if you seriously think Labour is going to have any fundamentally different approach to any of these things, you are deluded. |
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"Good to see that the IMF is concerned about the UK's state finances, though not sure where they have been for the past two years when the government was on a deranged spending spree.
Looking forward to seeing the IMF's response to Labour's latest conference proposals, all of which seem to involve more government intervention and more government spending.
Labour already seems to have committed to spending the return of the 45% tax rate on more nurses (surprise) (Monday) and breakfast clubs (Tuesday). The 45% tax rate is going to have to be doing an awful lot of work, alongside providing all our energy and cheap housing for all, even for those who are "superficially black" presumably.
Excellent, we definitely should focus on someone else other than the government and their actions.
Not in the slightest, I have no sympathy at all with this government's mismanagement of the public finances which has been appalling. It's been obvious to any idiot that shutting down the economy and paying people to stay at home doing nothing for two years, the relentless pursuit of net zero when no viable alternatives are available, and posturing about Ukraine, would end up where we are fiscally and economically.
But if you seriously think Labour is going to have any fundamentally different approach to any of these things, you are deluded. "
I haven't expressed any opinions about Labour. I'm not sure why you always try to steer the conversation away from the government, and onto Labour.
Sometimes your posts start off making sense, but they often stray into conspiracy theory territory. So it's hard to know which parts you're making a serious point about. |
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By (user no longer on site)
over a year ago
|
"Good to see that the IMF is concerned about the UK's state finances, though not sure where they have been for the past two years when the government was on a deranged spending spree.
Looking forward to seeing the IMF's response to Labour's latest conference proposals, all of which seem to involve more government intervention and more government spending.
Labour already seems to have committed to spending the return of the 45% tax rate on more nurses (surprise) (Monday) and breakfast clubs (Tuesday). The 45% tax rate is going to have to be doing an awful lot of work, alongside providing all our energy and cheap housing for all, even for those who are "superficially black" presumably.
Excellent, we definitely should focus on someone else other than the government and their actions.
Not in the slightest, I have no sympathy at all with this government's mismanagement of the public finances which has been appalling. It's been obvious to any idiot that shutting down the economy and paying people to stay at home doing nothing for two years, the relentless pursuit of net zero when no viable alternatives are available, and posturing about Ukraine, would end up where we are fiscally and economically.
But if you seriously think Labour is going to have any fundamentally different approach to any of these things, you are deluded.
I haven't expressed any opinions about Labour. I'm not sure why you always try to steer the conversation away from the government, and onto Labour.
Sometimes your posts start off making sense, but they often stray into conspiracy theory territory. So it's hard to know which parts you're making a serious point about."
I am not steering the conversation away from the government. The only realistic alternative to a Conservative government is a Labour one. I am merely positing that the only available alternative government does not seem to be suggesting policies that are likely to change the country's financial or economic position for the better. |
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"Good to see that the IMF is concerned about the UK's state finances, though not sure where they have been for the past two years when the government was on a deranged spending spree.
Looking forward to seeing the IMF's response to Labour's latest conference proposals, all of which seem to involve more government intervention and more government spending.
Labour already seems to have committed to spending the return of the 45% tax rate on more nurses (surprise) (Monday) and breakfast clubs (Tuesday). The 45% tax rate is going to have to be doing an awful lot of work, alongside providing all our energy and cheap housing for all, even for those who are "superficially black" presumably.
Excellent, we definitely should focus on someone else other than the government and their actions.
Not in the slightest, I have no sympathy at all with this government's mismanagement of the public finances which has been appalling. It's been obvious to any idiot that shutting down the economy and paying people to stay at home doing nothing for two years, the relentless pursuit of net zero when no viable alternatives are available, and posturing about Ukraine, would end up where we are fiscally and economically.
But if you seriously think Labour is going to have any fundamentally different approach to any of these things, you are deluded.
I haven't expressed any opinions about Labour. I'm not sure why you always try to steer the conversation away from the government, and onto Labour.
Sometimes your posts start off making sense, but they often stray into conspiracy theory territory. So it's hard to know which parts you're making a serious point about.
I am not steering the conversation away from the government. The only realistic alternative to a Conservative government is a Labour one. I am merely positing that the only available alternative government does not seem to be suggesting policies that are likely to change the country's financial or economic position for the better. "
Well I agree with you on that.
I think they may offer some small incremental improvements. But nothing of great significance in the realm of the country's financial and economic position. |
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By (user no longer on site)
over a year ago
|
What this government has done, is the equivalent of me or you. Remortgaging our house to the hilt. Quitting a full time job and going part time. Hoping our new hobby of poker will more than makeup for the shortfall in income and repay the mortgage.
When we needed someone steady qt the wheel we got the gamblers. |
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By *oo hotCouple
over a year ago
North West |
"Good to see that the IMF is concerned about the UK's state finances, though not sure where they have been for the past two years when the government was on a deranged spending spree.
Looking forward to seeing the IMF's response to Labour's latest conference proposals, all of which seem to involve more government intervention and more government spending.
Labour already seems to have committed to spending the return of the 45% tax rate on more nurses (surprise) (Monday) and breakfast clubs (Tuesday). The 45% tax rate is going to have to be doing an awful lot of work, alongside providing all our energy and cheap housing for all, even for those who are "superficially black" presumably."
So on a personal level you are OK with energy companies using the U.K. as a tax haven and you are OK with people who earn more than £155,000 per year getting a 5% tax cut.
But you question funding for more Nurses and school breakfast clubs paid from general taxation.
Nice… |
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By *oo hotCouple
over a year ago
North West |
"Good to see that the IMF is concerned about the UK's state finances, though not sure where they have been for the past two years when the government was on a deranged spending spree.
Looking forward to seeing the IMF's response to Labour's latest conference proposals, all of which seem to involve more government intervention and more government spending.
Labour already seems to have committed to spending the return of the 45% tax rate on more nurses (surprise) (Monday) and breakfast clubs (Tuesday). The 45% tax rate is going to have to be doing an awful lot of work, alongside providing all our energy and cheap housing for all, even for those who are "superficially black" presumably.
Excellent, we definitely should focus on someone else other than the government and their actions.
Not in the slightest, I have no sympathy at all with this government's mismanagement of the public finances which has been appalling. It's been obvious to any idiot that shutting down the economy and paying people to stay at home doing nothing for two years, the relentless pursuit of net zero when no viable alternatives are available, and posturing about Ukraine, would end up where we are fiscally and economically.
But if you seriously think Labour is going to have any fundamentally different approach to any of these things, you are deluded.
I haven't expressed any opinions about Labour. I'm not sure why you always try to steer the conversation away from the government, and onto Labour.
Sometimes your posts start off making sense, but they often stray into conspiracy theory territory. So it's hard to know which parts you're making a serious point about.
I am not steering the conversation away from the government. The only realistic alternative to a Conservative government is a Labour one. I am merely positing that the only available alternative government does not seem to be suggesting policies that are likely to change the country's financial or economic position for the better. "
At this stage I think it is fair to say that we need a steadying hand, a bit of calmness and collection and a Government who will just govern prudently and in the best interest of the nation as a whole.
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By *ugehandsMan
over a year ago
Fife/ Newcastle |
The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit. |
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By (user no longer on site)
over a year ago
|
"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit. "
The IMF was literally doing its job by criticising the Truss/Kwarteng budget. The IMF is supposed to exist to stabilise the global economy + act as a sort of economic warning system.
You're trying to blame the firefighters instead of the arsonists here. |
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By *oo hotCouple
over a year ago
North West |
"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit. "
They were there when we needed them in 1976 and the same fundamentals exist today:
1) Rising energy prices
2) Rising inflation
3) A prior “spend for growth” budget by a Conservative Government.
Better not bite the hand that we might need to feed us in a couple of years eh? |
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"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit. "
we have convicted criminals in government chap .... guess what .... tory voters, fascists, far-righties and brextremists couldn't give a shit .... why should they give a shit about what the IMF say?  |
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By *I TwoCouple
over a year ago
all around |
"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit. "
Now that's what I call sarcasm, it's a good job you didn't mean it lol |
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By (user no longer on site)
over a year ago
|
"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit.
we have convicted criminals in government chap .... guess what .... tory voters, fascists, far-righties and brextremists couldn't give a shit .... why should they give a shit about what the IMF say? "
No intelligent person would give a shit about what the IMF says. If they were concerned about governments spending too much money no doubt they would have piped up sometime between March 2020 and now. |
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"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit.
we have convicted criminals in government chap .... guess what .... tory voters, fascists, far-righties and brextremists couldn't give a shit .... why should they give a shit about what the IMF say?
No intelligent person would give a shit about what the IMF says. If they were concerned about governments spending too much money no doubt they would have piped up sometime between March 2020 and now."
Maybe because that spend was to help poor people not to die. And this spend is only to make rich people richer. |
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By (user no longer on site)
over a year ago
|
"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit.
we have convicted criminals in government chap .... guess what .... tory voters, fascists, far-righties and brextremists couldn't give a shit .... why should they give a shit about what the IMF say?
No intelligent person would give a shit about what the IMF says. If they were concerned about governments spending too much money no doubt they would have piped up sometime between March 2020 and now.
Maybe because that spend was to help poor people not to die. And this spend is only to make rich people richer. "
I see and is that how it works? It's easier to fund good things than bad things? |
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"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit.
we have convicted criminals in government chap .... guess what .... tory voters, fascists, far-righties and brextremists couldn't give a shit .... why should they give a shit about what the IMF say?
No intelligent person would give a shit about what the IMF says. If they were concerned about governments spending too much money no doubt they would have piped up sometime between March 2020 and now.
Maybe because that spend was to help poor people not to die. And this spend is only to make rich people richer.
I see and is that how it works? It's easier to fund good things than bad things?"
Not for the Tories. |
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By *orset.J OP Man
over a year ago
Weymouth |
"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit.
we have convicted criminals in government chap .... guess what .... tory voters, fascists, far-righties and brextremists couldn't give a shit .... why should they give a shit about what the IMF say?
No intelligent person would give a shit about what the IMF says. If they were concerned about governments spending too much money no doubt they would have piped up sometime between March 2020 and now."
I am not a fan of the IMF either however ignoring their warning is foolish. If Truss does not do a U turn then we will need a bail out-that what’s the market is speculating and hedging- it awful, it’s brutal but it’s the reality.
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By *irldnCouple
over a year ago
Brighton |
"The IMF should not be interfering or commenting on British politics.
Their own track record is shocking employing convicted criminal Christine La guard, they no comment on the American subprime mortgage market when they knew all the ratings agencies were lying about the finances of the world's banks that inevitably created the financial crash of 2008.
The comments are more a knife in the back from a former EU minister now in the employment of the IMF who's still smarting about brexit.
They were there when we needed them in 1976 and the same fundamentals exist today:
1) Rising energy prices
2) Rising inflation
3) A prior “spend for growth” budget by a Conservative Government.
Better not bite the hand that we might need to feed us in a couple of years eh?"
Weird innit how this always seems to happen on the Tory “we are good with the economy” watch! |
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By *bernathCouple
over a year ago
Gloucestershire |
"Good to see that the IMF is concerned about the UK's state finances, though not sure where they have been for the past two years when the government was on a deranged spending spree.
Looking forward to seeing the IMF's response to Labour's latest conference proposals, all of which seem to involve more government intervention and more government spending.
Labour already seems to have committed to spending the return of the 45% tax rate on more nurses (surprise) (Monday) and breakfast clubs (Tuesday). The 45% tax rate is going to have to be doing an awful lot of work, alongside providing all our energy and cheap housing for all, even for those who are "superficially black" presumably.
Excellent, we definitely should focus on someone else other than the government and their actions.
Not in the slightest, I have no sympathy at all with this government's mismanagement of the public finances which has been appalling. It's been obvious to any idiot that shutting down the economy and paying people to stay at home doing nothing for two years, the relentless pursuit of net zero when no viable alternatives are available, and posturing about Ukraine, would end up where we are fiscally and economically.
But if you seriously think Labour is going to have any fundamentally different approach to any of these things, you are deluded.
I haven't expressed any opinions about Labour. I'm not sure why you always try to steer the conversation away from the government, and onto Labour.
Sometimes your posts start off making sense, but they often stray into conspiracy theory territory. So it's hard to know which parts you're making a serious point about.
I am not steering the conversation away from the government. The only realistic alternative to a Conservative government is a Labour one. I am merely positing that the only available alternative government does not seem to be suggesting policies that are likely to change the country's financial or economic position for the better. "
Really? The optics say different.
Conservatives are not good at the moment, however labour are no different, it kinda sounds like you want to the tories to come back from the brink, and if this happens you’ll be voting for them.
Pretty much sums it up. |
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