The Cat's Out Of The Bag Now...

[jim360]

George Osborne, on the Today Programme this morning, explaining quite clearly: "I was arguing full-throttled in favour of leaving the - sorry, in favour of remaining in the EU..."

Freudian slip of the decade?

[naomi24]

Nothing to make a fuss about. We all make mistakes.

[murraymints]

hmmmm

[Old_Geezer]

Ah ! I thought that the budget threat must be a fifth columnist action. ;-)

[jim360]

I posted in Chatterbank because I thought it was really just an accidental slip of the tongue than revealing the true nature of Osborne's position. Still thought it was funny though.

[Berniecuddles2]

thought "mistake"was osbornes middle name

[mikey4444]

Yes, just a Freudian slip of the tongue ! We all do it I expect.

I note that Osborne is now ruling himself out of the running for new Tory Leader, and quite right to. Its got nothing to do with him being in the leave camp...millions of people were. But it has everything to do with his failed Budgets and general incompetence.

He was a spent force long before June 23rd.

[Bertrum]

It sort of sums the whole situation up

[mikey4444]

Bertrum...are you Smashy or Nicey ? ( ! )

[sunny-dave]

He is virtually solely responsible for the current (phoney) 'crash', by prophecying doom before the referendum (in a shameless attempt to scare people to vote remain), and then sulking in his tent all weekend instead of owning up to his wicked distortions.

I hope he is (politically) dead and buried with a stake and some garlic cloves - but fear he will still be as rich as Croesus as his banker chums stitch us up again.

[-Talbot-]

He is virtually solely responsible for the current (phoney) 'crash',


The dip was bound to happen in the event of a Brexit but what slightly miffs me is that when the FTSE goes down the news channels tell us every 13 and half minutes. Had the telly on 2 hours now and not one mention of the FTSE100 rising 2%

Why do the media always try to talk us into trouble?

[Bertrum]

Mikey I can be either depends on which side of the bed I get out of I have a split personality can switch from one side to another at the slip of the tongue

[Old_Geezer]

The drop on the markets and the pound was inevitable, the depth of the drop, and the longevity, will depend on what the politicians and investment experts say and said.

Meanwhile, when it happens to other people, slips of the tongue can be amusing.

[jim360]

"...what slightly miffs me is that when the FTSE goes down the news channels tell us every 13 and half minutes. Had the telly on 2 hours now and not one mention of the FTSE100 rising 2%."

It was mentioned on the Today Programme, at least, and is prominently featured in the BBC website (Business section, live feed etc). Presumably, though, the two hours of recovery this morning is no more an indication of longer-term trends than the last two days of routs were. I made a conscious decision not to post about yesterday because as bad as it was, it's the market direction over the coming weeks that matter. Good to see some recovery, of course, and I hope it lasts, but a long way to go yet before either side can say "I told you so."

I suspect the next threat to stability is whether or not there'll be any kind of leadership battle in the Tory party. In some sense, I'd rather see Johnson become PM in an uncontested election than having to fight a weeks-long campaign against Theresa May or some such.

[-Talbot-]

Of course it will get a mention but if you haven't noticed that our media shout and ball almost with glee when things are on a downward trend but ignore positive trends then you are blinkered, Jim ... or I am paranoid.

[mikey4444]

lol Bertrum !

[jim360]

Bad news sells, so I wouldn't be surprised to see it given more prominence, but it hasn't been ignored entirely.