Land Of Hope And Glory.

[gulliver1]

Britain is now sitting back watching the Tory Party render itself unelectable for at least a generation.....And good riddance. ...Liz Truss has arrived in office without any significant poll bounce. Which makes her unique in polling history. When Liz's Chancellor delivered his budget Speech he said "The money markets will react to my speech , and they did, they sank the pound and sent borrowing rates sky high .Meanwhile Liz promised more tax cuts for the super rich Here ends the arrogance and self regard of the Tory Party.

[Spungle]

Yawn. The daily whine.

[roadman]

is this a daily blog thanks for the update i dont even know much about liz except she doesnt like the fact we import cheese

[roadman]

when the liz lady became prime minister she made some statements about energy and i though ok this might be good then all of a sudden today the banks go into crisis mode and pull mortgages because apparently the pound is broken and should we all just buy bitcoin so really you do have a point here i am sure somewhere

[bobbinwales]

Daily whine? Is this the second thread today from you covering much the same.
Having said that...keir and tge party had a good conference but lets not gloat and count chickens....remember neil kinnicks victory celebration

[roadman]

i have no idea who any of these people are

[bobbinwales]

The pound isn't broken roadman....its not had a god run but its more that the dollar is really strong due to there hikes in interest rates. The euro was allso down against the dollar to last time I looked?

[Bobbisox1]

All I said was I like Land of Hope &Glory…jeez and it went !

[bobbinwales]

Weird that bobbi.. must have been a mod mistake? Hopefully it can be reinstated

[Bobbisox1]

Weird indeed bobbin as Gully’s thread isn’t really News I said I liked LOH&G like his header says

[gulliver1]

18.41 The Pound is broken Bobbinwales.And the UK is heading for the highest interest rates ever recorded in Britain Believe me. even god can't help the UK slipping into being a third world country.

[bobbinwales]

Bet your glad you don't leave here...
But interest rates are still much lower than when I first had a mortgage...so I guess your just making that up or hoping.

[bobbinwales]

For gulliver. O dear never mind.
https://thebla.co.uk/uk-interest-rate-history-base-rate-graph/

[gulliver1]

Bobbinwales @ 19.08 I am very glad I don't leave here

[ToraToraTora]

19:00, what a load of old pony!

[ToraToraTora]

"The highest UK base rate was 17% in the late 70s when rising wages and oil prices were caused by a surge in inflation." - now who would like to guess what government was in then?

[bobbinwales]

sorry gulliver.... I meant "I bet your glad you dont live here..."

[ToraToraTora]

Well doesn't matter where he lives really, EUSSR rates are going up too. https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.mp220908~c1b6839378.en.html

[THECORBYLOON]

That link is from three week ago so what are the new ECB rates going to be?