Bank of England governor defends self over scandal
15/03/2021 | news | business | 880
Andrew Bailey has been criticised for evidence he gave over a scandal in which 11,000 savers lost money.
1
15/03/2021 10:45:39 191 22
bbc
Our economy is too heavily reliant on inflating market bubbles, especially property markets, and on borrowing money to buy things we don’t need. These are the main reasons the Bank of England has resorted to so-called last resort monetary policies for over a decade.

We need to realise the whole system is broken and needs reforming into something more sustainable.
8
15/03/2021 10:48:45 80 56
bbc
Capitalism is dying
Need s new system to balance economy and wealth gsp
34
15/03/2021 10:47:27 28 14
bbc
If we support British products, then the companies making them can expand the range and volume of products available. So best thing we can do is to BUY BRITISH.
169
15/03/2021 11:26:00 2 3
bbc
What do you want to see ?
261
15/03/2021 11:56:36 7 2
bbc
I feel you don't understand economics - bubbles are natural indeed inevitable - the problem is you might become addicted to them

What we are addicted to is cheap money - hence a fantasy currency like Bitcoin booms since it is an agreed asset no central bank can influence

The rich aren't stupid - they don't hold cash
366
15/03/2021 12:32:52 3 2
bbc
Exactly, it inflates the GDP figures. They missed the opportunity for a reset, which could have been blamed on covid (and hence would have no political ramifications). Johnson seemed to be indicating such a move in the early days of the pandemic, but instead they've just moved on to propping up the housing bubble with stamp duty holidays and government backed mortgages.
499
15/03/2021 13:50:47 0 1
bbc
Such as?
555
15/03/2021 14:15:04 1 1
bbc
.. and sadly some idiots think the answer is to buy a load of bitcoin
2
15/03/2021 10:46:37 104 15
bbc
So this "firepower" consists of putting the boot in yet again on those with any type of savings or anything dependent on some meaningful interest rate level, by lowering even more rates from their already pitiful level.
But good news for speculators and those wanting to inflate asset and house prices even more.
Nearly all viable businesses already have ample reserves for meaningful investments
35
15/03/2021 10:48:57 66 29
bbc
Politicians and bankers are mostly asset owners, so don't expect any change. Sadly we are now a one party state, with no viable options other than the Tories.
340
15/03/2021 12:26:38 3 1
bbc
really, to be financially successful, it's not about what is right and what is wrong, it's about what direction is policy pushing in, and swimming with that tide, no matter how precarious and non-sensical a ride that may be. This is the sad truth of modern day living.
574
15/03/2021 14:31:10 2 1
bbc
Negative rates coming!
758
15/03/2021 16:59:01 0 2
bbc
The whole point of changing interest rates is for the BoE to either stimulate the economy, or to cool it down - lowering it is SUPPOSED to make you want to invest because savings rates are then less attractive compared to other investments.

Why do so called "savers" think the economy revolves around them? It is the other way around
3
15/03/2021 10:46:54 12 8
bbc
Indeed. As long as there is paper to print on we'll have all the money we'll ever need.

Suitcase, anyone?
12
15/03/2021 10:49:38 1 8
bbc
Digital currency soon
Don't even need paper
4
15/03/2021 10:48:16 93 13
bbc
The Bank's Governor seems to have something to explain with regard to his involvement in the RBS small business shutdowns.

We'll see if that is answered clearly or just swept under the rug, as is usual when awkward questions arise regarding Tory appointed individuals.
277
15/03/2021 11:58:40 30 40
bbc
Dont forget labour under Gordon brown
709
15/03/2021 16:23:43 0 1
bbc
I'm sure they have the carpet ready.
5
15/03/2021 10:48:20 14 6
bbc
simply not true, the economy is in dire straits, this nonsense from the governor of the government bank, he is putting a deflection message out to appease the banking world.
wait and see after 2021 the comments from the bank is correct.
36
15/03/2021 10:50:04 14 20
bbc
You haven't got a clue. There are vast sums of money sloshing about in the UK. It is the EU that is in big trouble. That is why they are trying to punish us, the EU is now jealous.
6
15/03/2021 10:48:29 44 7
bbc
More QE then. Delay the payback of debt for another generation. They will not view us kindly.
32
15/03/2021 10:57:42 28 55
bbc
The economy hasn't got to recover from a pandemic.
It's got to recover from our psychotic over reaction to it.
Once we crossed the rubicon and went full CCP, and ramped up the fear with highly selective science from Whitty&Valance(who were clearly instructed to back up that political decision),it was always going to be impossible to go back.
A sustainable position was required.
Plan A in fact.
158
15/03/2021 11:28:46 0 2
bbc
HA Ok let’s pay it back over 2 years then
805
15/03/2021 18:27:09 0 1
bbc
Maybe. But is the current debt ridden, corrupt, out-of-date international monetary market about to collapse? Crypto-currencies are not big or clever in my view but make the 'value' of money very questionable. Try Charles Eisenstein's 'Sacred Economics' as a starting point for a more sustainable alternative.
7
jon
15/03/2021 10:48:39 7 5
bbc
A rise in interest rate will change everything especially with the huge UK debt.
1
15/03/2021 10:45:39 191 22
bbc
Our economy is too heavily reliant on inflating market bubbles, especially property markets, and on borrowing money to buy things we don’t need. These are the main reasons the Bank of England has resorted to so-called last resort monetary policies for over a decade.

We need to realise the whole system is broken and needs reforming into something more sustainable.
8
15/03/2021 10:48:45 80 56
bbc
Capitalism is dying
Need s new system to balance economy and wealth gsp
39
15/03/2021 10:52:30 33 28
bbc
More lefty nonsense. I think you will find it is socialism has disappeared from most of the globe.
49
15/03/2021 10:57:30 17 5
bbc
Before we kill our life-supprt planet.
118
dan
15/03/2021 11:19:35 20 6
bbc
Why do people think we live in a capitalist world still? This last year there has been the biggest government intervention outside of wartime in the worlds history.

We live in a mixed economic system and are better for it
130
15/03/2021 11:22:58 2 12
bbc
Like the Russian or Chinese model ?
172
15/03/2021 11:31:00 23 13
bbc
Do you mean you don't like it that some people get rich working hard/working clever, but you aren't one of them, so we need a system that gives you/others something for nothing at the cost of those that have earned it? I think you do don't you!
178
15/03/2021 11:32:10 9 2
bbc
Capitalism needs better managing; all other systems fail in much worse ways.
190
15/03/2021 11:34:00 13 9
bbc
But yet the second people mention a more social economic policy you get automatically shot down as some sort of communist from the 50's.

The current system is not fit for use so we need to try something else
193
15/03/2021 11:32:15 9 3
bbc
Capitalism seems to be doing great..... look at Chinese Economy now.

The alternatives have all failed
214
15/03/2021 11:39:34 5 3
bbc
Momentum, I presume?
246
15/03/2021 11:49:54 8 7
bbc
Nope its not dying. Socialism doesnt work and never will.
345
15/03/2021 12:27:35 7 5
bbc
Capitalism is like gravity - it just is - it is natural

As soon as you put something else in it's place, which every economy does to some extent, you create inefficiencies - and some of these inefficiencies are terminal and very quickly cf Venezuala, Cuba, Zimbabwe, USSR, Greece etc and some haven't completely failed yet - France, UK, Italy, China etc
437
15/03/2021 13:03:09 3 1
bbc
What are you going to replace it with? All the other systems are dead already, a failed experiment.
491
15/03/2021 13:45:13 3 1
bbc
Absolutely. Since 2008, capitalism has been kept alive by constant Govt intervention: 2008/9: £650bn in bailouts, loans and guarantees, QE ever since. Mega low interest rates since 2008, Furloughs, bounce back loans etc since 2020. Not exactly the Tory ethos of 'leave it to the markets' is it? I see signs of many rich people indulging in a 'land grab now'. They know it cannot continue for long.
493
15/03/2021 13:45:37 3 1
bbc
Capitalism has succeded. Democracy and distribution of wealth is dead
623
15/03/2021 15:03:11 0 1
bbc
If capitalism really is dying, we're well and truly screwed!

There's nothing to replace it.

Other systems have been tried, and all failed miserably.
9
15/03/2021 10:49:11 82 23
bbc
Does this mean Johnson can spaff even more money on his Tory Party mates ?
48
15/03/2021 10:56:18 44 100
bbc
Successful people always back the Conservative party. Failures don't own businesses, successful people do. No good being jealous about it.
50
15/03/2021 10:58:18 11 1
bbc
Dear chap! Goes without saying !!!
490
15/03/2021 13:45:10 1 1
bbc
nothing will stop him doing that short of being deposed.
10
15/03/2021 10:49:16 118 12
bbc
Like anyone is going to trust our national finances being managed by someone who's history appears to be overseeing ordinary folk losing money.
14
15/03/2021 10:50:06 73 7
bbc
Definition of banking
135
15/03/2021 11:23:56 2 2
bbc
this is why decentralised finance will be the long term future
398
15/03/2021 12:47:23 7 1
bbc
Their should be a proper enquiry into RBS and Woodford .
456
15/03/2021 13:22:11 3 1
bbc
Since 2008 most Government borrowing has been through its bank, the BoE, buying Government corporate bonds:

https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing The BoE is part of Government:

https://www.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england

The BoE has conjured the money it has used to buy Government bonds out of thin air.
457
15/03/2021 13:23:01 5 1
bbc
The BoE has also been, since the 2008 crash, buying back Government bonds from financial institutions, who have in turn bought more Government bonds; and it's been going in that circular motion ever since.

This is all funded by the money conjured out of thin air; it has redirected lots more wealth to the rich, whilst we have been sold the lie we need to repay it through austerity & wage freezes.
459
15/03/2021 13:24:43 4 1
bbc
When interest rates are extremely low or, as they are currently, at a negative rate, institutions are paying the Government to look after their money.

As you can see from my previous 2 comments it's a game of smoke & mirrors proving the economy has always been contrived & manipulated.

There is no need to raise our taxes, depress our wages or impose austerity on us. Will YOU fall for it again?
460
15/03/2021 13:25:42 4 1
bbc
If people doubt what I am saying they can read up on it here:

https://www.bankofengland.co.uk/monetary-policy/quantitative-easing

https://www.bankofengland.co.uk/markets/market-notices/2020/asset-purchase-facility-additional-corporate-bond-purchases

It's not as if the BoE hides what the Government is doing.

The BBC never explains the circular bond buying as I do above. I wonder why?
568
15/03/2021 14:19:53 4 1
bbc
Boris would see that as being perfect for the job. He hates ordinary folk.
580
15/03/2021 14:34:16 0 1
bbc
Your trust is not needed to be part of the big boys club
675
15/03/2021 15:37:38 1 1
bbc
Well you supported boris and he’s done exactly the same thing
717
15/03/2021 16:27:10 0 2
bbc
time was investors could tar and feather bad bankers and folk would shrug
now
we slave the whole economy to patching their mistakes and malfeasance and folk shrug
11
15/03/2021 10:49:29 59 31
bbc
I assume that Bailey has all the answers to the shambles that is Brexit.
37
15/03/2021 10:51:06 38 73
bbc
Shambles? Wait till you see what it does to the EU! which is well and truly knackered now.
139
15/03/2021 11:24:39 5 12
bbc
Bet your disappointed there are no food shortages yet
350
15/03/2021 12:28:38 4 1
bbc
Brexit was bad enough without Megxit. Could do with some positive news.
3
15/03/2021 10:46:54 12 8
bbc
Indeed. As long as there is paper to print on we'll have all the money we'll ever need.

Suitcase, anyone?
12
15/03/2021 10:49:38 1 8
bbc
Digital currency soon
Don't even need paper
20
15/03/2021 10:52:43 2 2
bbc
Okay. Virtual suitcase, anyone?
29
15/03/2021 10:56:58 2 1
bbc
Actually most money is not paper at all. Check out the definition of money supply
13
15/03/2021 10:50:05 62 13
bbc
My Bailey should be a little more concerned about the latest RBS revelations, and re-consider his position as Governor of the BoE.
181
15/03/2021 11:28:38 6 27
bbc
No conflict.

He was working within the treasury.
348
15/03/2021 12:20:27 5 1
bbc
Especially given his overall track record at the FCA.
467
15/03/2021 13:29:13 0 2
bbc
Is he yours?
716
15/03/2021 16:26:56 0 1
bbc
But he won't. Johnson will have full confidence in him just like Patel, Williamson and Co.
10
15/03/2021 10:49:16 118 12
bbc
Like anyone is going to trust our national finances being managed by someone who's history appears to be overseeing ordinary folk losing money.
14
15/03/2021 10:50:06 73 7
bbc
Definition of banking
114
15/03/2021 11:18:50 6 2
bbc
Very true, but more so for Bailey given recent revelations.
15
15/03/2021 10:50:47 4 2
bbc
Back to pre covid by December?
16
15/03/2021 10:51:03 13 11
bbc
He also said the economic effects of the pandemic had been "very unequal".

"Covid has affected the low-paid more. There are more women in that section of the labour force," he said.

Ethnic minorities were also disproportionately affected, he added.

-

Or to put it another way, more men have carried on working ...
40
15/03/2021 10:58:35 7 3
bbc
That's not trendy, so I'm not sure you're allowed to say that.
17
15/03/2021 10:51:21 5 12
bbc
And what else were they going to say?

We've blown 500 billion and we're already waiting for the bailiffs

This must never happen again - a govt cannot be allowed to ruin any country on the grounds of "doing whatever is necessary"

The future is not up for sale (it doesn't matter now the UK won't be participating - we'll be called West China or Far East USA) deaths are not an excuse for idiocy
18
15/03/2021 10:51:27 51 16
bbc
So we are going to follow Johnson's universal plan which consists of saying what people want to hear, and then crossing his fingers.
43
15/03/2021 10:53:42 32 59
bbc
80 seat majority. Which 3wil increase next general election. You can post as much left wing rubbish as you like on line, but the truth is at the ballot box.
251
15/03/2021 11:53:09 6 2
bbc
Sounds like every government in History - around the western world.
At least you can vote them out at the end of their term. Last time I checked, Communism does not require consent from the public.
Consider yourself lucky! Unless of course youre in your Gov office in Beijing.
19
15/03/2021 10:45:27 14 22
bbc
UK is going to make a good recovery. The main thing to remember is to BUY BRITISH to aid that recovery.
23
15/03/2021 10:54:40 19 10
bbc
Meaningless nationalistic slogans do not solve real world problems. Years of listening to Bojo should tell you that.
24
15/03/2021 10:54:57 9 7
bbc
Sure, I'll opt for substandard produce just to make you feel better about your self-destructive decision to go through life as a kwitter.
27
15/03/2021 10:56:51 10 3
bbc
We'd have to make stuff first.
31
15/03/2021 10:57:14 8 3
bbc
Make sure you stick to that when whatever device you posted your comment on needs replacing.....googluck.
119
FF
15/03/2021 11:19:44 2 2
bbc
"BUY BRITISH"

You sound like a Son of Boris!
12
15/03/2021 10:49:38 1 8
bbc
Digital currency soon
Don't even need paper
20
15/03/2021 10:52:43 2 2
bbc
Okay. Virtual suitcase, anyone?
21
15/03/2021 10:53:52 70 20
bbc
Whatever happens, I'm sure Mogg and Tory donors will be ok.
150
15/03/2021 11:27:10 21 36
bbc
Thanks for repeating that for the upteenth time.
161
15/03/2021 11:29:08 3 6
bbc
So will Len McClucky!
22
15/03/2021 10:54:09 47 24
bbc
No doubt Johnson will lie to us all about the economy being 'match fit' (oops, he's already used that meaningless guff to describe the armed forces) and the gullible little Englanders will lap it up in spite of their savings and living standards evaporating.
28
15/03/2021 10:56:53 14 13
bbc
Personal savings have rocketed during the pandemic.
732
15/03/2021 16:36:31 1 1
bbc
True
19
15/03/2021 10:45:27 14 22
bbc
UK is going to make a good recovery. The main thing to remember is to BUY BRITISH to aid that recovery.
23
15/03/2021 10:54:40 19 10
bbc
Meaningless nationalistic slogans do not solve real world problems. Years of listening to Bojo should tell you that.
19
15/03/2021 10:45:27 14 22
bbc
UK is going to make a good recovery. The main thing to remember is to BUY BRITISH to aid that recovery.
24
15/03/2021 10:54:57 9 7
bbc
Sure, I'll opt for substandard produce just to make you feel better about your self-destructive decision to go through life as a kwitter.
59
15/03/2021 11:00:50 2 6
bbc
The EU looks worse every day. I shall look forward to it disintegrating.
25
15/03/2021 10:55:58 15 10
bbc
Negative interest rates plus high inflation caused by additional Brexit costs on imports. What could possibly go wrong. LOL
156
15/03/2021 11:27:59 5 4
bbc
Did you forget to mention the biggest pandemic the world has seen in a century? Brexit influence on import inflation has not yet been economically quantified, so not sure how you know something no one else does.
167
15/03/2021 11:29:44 3 1
bbc
A great comment except for 2 minor flaws; 1) we don't have negative interest rates, and 2) inflation isn't high.

Those errors apart you nailed it!
26
15/03/2021 10:56:04 28 9
bbc
Oh good, they're going to print more money, backed by nothing, that will need to be paid for by future generations ...
184
15/03/2021 11:32:45 6 6
bbc
A bit like the ECB then have for the last 5 years then.

https://www.wsj.com/graphics/what-ecb-qe-stimulus-has-done/
186
15/03/2021 11:32:50 3 1
bbc
We need some serious political leaders, which is exactly what we haven't got right now.

I've just got everything crossed for Rishi when he final manages to launch his solo career after having to have been one of the Clown Show backing band.
212
15/03/2021 11:37:21 2 1
bbc
According to the economic theory underlying fractional reserve banking, that money has already been created.
19
15/03/2021 10:45:27 14 22
bbc
UK is going to make a good recovery. The main thing to remember is to BUY BRITISH to aid that recovery.
27
15/03/2021 10:56:51 10 3
bbc
We'd have to make stuff first.
22
15/03/2021 10:54:09 47 24
bbc
No doubt Johnson will lie to us all about the economy being 'match fit' (oops, he's already used that meaningless guff to describe the armed forces) and the gullible little Englanders will lap it up in spite of their savings and living standards evaporating.
28
15/03/2021 10:56:53 14 13
bbc
Personal savings have rocketed during the pandemic.
45
15/03/2021 11:01:19 13 4
bbc
They won't survive the recovery. We are already being told to unleash the savings to recover the economy.
55
15/03/2021 11:03:06 13 4
bbc
So people are told but a vast number are existing on 80% wages and the use of food banks have increased. Does not add up.
58
15/03/2021 10:59:30 4 15
bbc
The EU posters on here are going to have a big shock when the UK totally outperforms the EU.
84
15/03/2021 11:02:14 5 13
bbc
There are vast sums of money sloshing around. Many people will be shocked at how rapidly the UK recovers. While we laugh at the EU.
154
15/03/2021 11:27:35 4 4
bbc
Now now don't let facts get in the way of a good old rant.
632
15/03/2021 15:09:30 2 1
bbc
Only for the richer members of society. The poor have had to increase their spending.
12
15/03/2021 10:49:38 1 8
bbc
Digital currency soon
Don't even need paper
29
15/03/2021 10:56:58 2 1
bbc
Actually most money is not paper at all. Check out the definition of money supply
30
15/03/2021 10:57:11 77 10
bbc
Negative interest rates are no more than theft from the prudent.
Those who have lived within their means and saved for the future have been robbed continually since the financial crash in 2008 with virtual zero interest rates and now will be robbed again.
Debt slaves of inflated property values are what banks and govt prefer so savers lose.
Unserviceable debt all round is the order of the day.
93
15/03/2021 11:14:33 8 20
bbc
Don't have your money in cash then? You can be prudent without having your assets tied up in cash...
137
15/03/2021 11:24:30 0 4
bbc
A negative central interest rate doesn't necessarily mean you will be charged by the banks to hold savings. If your bank is going to charge you then walk. There's no real reason while a pile of cash should increase in value over time - the money has to do something to increase its worth.
361
15/03/2021 12:30:32 3 1
bbc
well, in that regard, businesses which didnt have rainy day money have been kept alive by people who live within their means. But those same people will be taxed for this, despite taking measures to not be a burden on the state. Would more fair have been to have let businesses fail and people lose their homes? It comes down to going with the flow, that's how it works.
802
15/03/2021 18:17:34 1 1
bbc
Heads they win tails we lose. 'Twas ever thus?
19
15/03/2021 10:45:27 14 22
bbc
UK is going to make a good recovery. The main thing to remember is to BUY BRITISH to aid that recovery.
31
15/03/2021 10:57:14 8 3
bbc
Make sure you stick to that when whatever device you posted your comment on needs replacing.....googluck.
6
15/03/2021 10:48:29 44 7
bbc
More QE then. Delay the payback of debt for another generation. They will not view us kindly.
32
15/03/2021 10:57:42 28 55
bbc
The economy hasn't got to recover from a pandemic.
It's got to recover from our psychotic over reaction to it.
Once we crossed the rubicon and went full CCP, and ramped up the fear with highly selective science from Whitty&Valance(who were clearly instructed to back up that political decision),it was always going to be impossible to go back.
A sustainable position was required.
Plan A in fact.
116
15/03/2021 11:19:05 4 17
bbc
Once you realise that Sage has actual communist members within it the current deliberate destruction of our economy is no surprise.
120
15/03/2021 11:20:01 13 5
bbc
"highly selective science from Whitty&Valance"

Are you sure it's not you being "highly selective" and only believing the bits you agree with? It's not their job to balance the health risks against the economic ones - that's the government's job. Perhaps you have ignored the fact they advised locking down earlier than the government actually did?
128
FF
15/03/2021 11:22:32 9 2
bbc
You voted the Tories to power. THEY took the choices they did during the pandemic.

Being Mr Hindsight is easy, you voted for what you got.

No one to blame but yourself.
33
15/03/2021 10:57:59 31 9
bbc
The Bank will just print more money and keep interest rates at zero to help the Government debt repayments, ordinary people and savers are of no consequence to Boris the Clown
112
15/03/2021 11:18:24 5 16
bbc
..... and what are the repyments for? THE PUBLIC!
Governments don't have money. Their paying back the money they handed out to the public (you and me) and businesses to keep them going when otherwise they would have been left on the street. Who's the clown?
462
15/03/2021 13:27:09 3 1
bbc
Govt Debt Interest is getting out of contril @ 0.9% already and the BOE nor Rishi can do a thing about it..

That is why BOE is talking about Ammo- it knows its now a spectator of the 10 yr Gilt Yield.
QE for 30 yr Gilts anyone!

God help us .. the markets dont seem to be ... £100 - 150 BN annual debt servicing costs... and Rishi thinks those on £12750 threshold should or even can help him !!!

735
15/03/2021 16:38:30 1 1
bbc
Boris and his cronies won't suffer. More lucrative contracts in the pipeline.
1
15/03/2021 10:45:39 191 22
bbc
Our economy is too heavily reliant on inflating market bubbles, especially property markets, and on borrowing money to buy things we don’t need. These are the main reasons the Bank of England has resorted to so-called last resort monetary policies for over a decade.

We need to realise the whole system is broken and needs reforming into something more sustainable.
34
15/03/2021 10:47:27 28 14
bbc
If we support British products, then the companies making them can expand the range and volume of products available. So best thing we can do is to BUY BRITISH.
2
15/03/2021 10:46:37 104 15
bbc
So this "firepower" consists of putting the boot in yet again on those with any type of savings or anything dependent on some meaningful interest rate level, by lowering even more rates from their already pitiful level.
But good news for speculators and those wanting to inflate asset and house prices even more.
Nearly all viable businesses already have ample reserves for meaningful investments
35
15/03/2021 10:48:57 66 29
bbc
Politicians and bankers are mostly asset owners, so don't expect any change. Sadly we are now a one party state, with no viable options other than the Tories.
89
15/03/2021 11:13:16 11 6
bbc
A housebrick would be less corrupt and wasteful - easily viable.
198
15/03/2021 11:35:12 13 7
bbc
What rubbish. There are plenty of alternatives out there like labour, lib dem, greens, SNP. this isn't anything like china or other countries that literally only have 1 party.....wise up
276
15/03/2021 11:58:34 9 7
bbc
The Nasty Party are not a 'viable option' just because the rest are rubbish.

Never better the devil you know.

Kick out the Jams.
404
15/03/2021 12:49:15 6 4
bbc
viable .. Tory Green Space low quality high cost house builders ... Competent £2000 Billion Debt .... half of that since 2010... I agree the opposition are woeful but could NOT be worse ... neither could multiple choice Govt from 5 yr olds leave us worse than where we are.
406
15/03/2021 12:50:06 9 5
bbc
Desperation this far out from an election! "There's no other viable options"......Swing voters, young people, red-turned-blue-last-time voters see a Tory government that awards billions in contracts to its friends, lies through its teeth, makes damaging a statue more important than damaging a human, prevents protest and then lectures China......and that's before the economic hit of Brexit.
439
15/03/2021 13:03:21 9 3
bbc
Blame the far left lunatics whom crowned DEAR OLD SAINT JEREMY CORBYN AS LEADER OF THE LABOUR PARTY when 101 front bench MP's stated NO, to him being made its r as a political leader by a very small group of Union leaders, Fools one and all, IT was the beginning of the end of the Labour party, whom is going to vote for a party that does this obviously not the UK electorate.
509
15/03/2021 13:55:27 0 1
bbc
Something like 70 per cent are owner-occupiers - asset owners.
557
15/03/2021 14:16:02 0 1
bbc
or leaving that state.
624
15/03/2021 15:04:03 1 2
bbc
There are always options. Depends on what you deem viable. Brexit is now "done" (well and truely).
Labour will rise again. Just may take some time.
708
15/03/2021 16:23:05 1 1
bbc
True but very unfortunate and will continue while UK public support this bunch.
5
15/03/2021 10:48:20 14 6
bbc
simply not true, the economy is in dire straits, this nonsense from the governor of the government bank, he is putting a deflection message out to appease the banking world.
wait and see after 2021 the comments from the bank is correct.
36
15/03/2021 10:50:04 14 20
bbc
You haven't got a clue. There are vast sums of money sloshing about in the UK. It is the EU that is in big trouble. That is why they are trying to punish us, the EU is now jealous.
77
15/03/2021 11:10:25 7 3
bbc
For once I agree with you, they are trying to punish us.

You only have to look at Johnson's history of telling lies about the EU to understand why.
376
15/03/2021 12:39:42 0 2
bbc
speaking of clues the vast sums of money has been borrowed from the European central bank, deniers like you ruin economies.
747
15/03/2021 16:47:13 0 1
bbc
Utter rubbish yet again. Amazing how the EU have managed a huge rescue package. Now highlight where the UK rescue package is. Nowhere of course. Anti EU brigade never, as usual, back their arguments with facts, just fiction.
11
15/03/2021 10:49:29 59 31
bbc
I assume that Bailey has all the answers to the shambles that is Brexit.
37
15/03/2021 10:51:06 38 73
bbc
Shambles? Wait till you see what it does to the EU! which is well and truly knackered now.
47
15/03/2021 11:01:39 25 11
bbc
So in your opinion, everything is ok as long as the 'foreigners' suffer more than we do?
153
15/03/2021 11:27:35 19 7
bbc
No country is looking to leave the EU.

Conversely, Barbados is leaving the Commonwealth this year. Others are thinking of following, especially given recent events.

Brexiteers should get their own house in order before criticising others.
265
15/03/2021 11:57:24 12 6
bbc
Have you been to the EU recently?.. We're fine thank you, no shortages, no destroyed businesses... No bigotry or small-mided nationalisn here thank you!!!
282
15/03/2021 12:01:13 10 2
bbc
I am more intersted in what it is doing to Britain, you should be as well.
388
15/03/2021 12:43:08 9 2
bbc
I make that comment #156897452 predicting the demise of the EU just by you alone. When's it going to really happen then champ?
487
15/03/2021 13:44:06 8 4
bbc
Crazy! Where did you get this nonsense from? Haven't you seen that the UK's economic activity dropped by 10% in 2020 but Germany's only went down by 5%. And of course, the UK suffered around 62,000 more covid deaths than Germany even though Germany has a larger population.
591
15/03/2021 14:38:27 5 3
bbc
The demise of the EU would plunge the world into deep recession, and adversely affect the UK. But worth the misery in in your opinion to give Johnny Foreigner a bloody nose?
727
15/03/2021 16:34:28 4 2
bbc
You must be kidding. EU will recover from this pandemic. Have you not noticed their massive rescue fund. Where's the UK's rescue plan. Nowhere to be seen and please note independent assessment UK will suffer much more from brexit than EU. Get your facts right before you comment.
841
16/03/2021 03:40:03 1 0
bbc
Endless wet dreams of the EU collapsing
although it looks much stronger than UK
And EU didn't ask for Brexit - only UK did.
Not realising just how damaging it would be
And, economic downturn in the EU would make damage to UK worse still.
No logic, just spitefully hoping to justify a failing Brexit they foolishly promoted.
38
15/03/2021 10:51:19 1 2
bbc
Which means yes they are stoney broke!??
8
15/03/2021 10:48:45 80 56
bbc
Capitalism is dying
Need s new system to balance economy and wealth gsp
39
15/03/2021 10:52:30 33 28
bbc
More lefty nonsense. I think you will find it is socialism has disappeared from most of the globe.
70
15/03/2021 11:08:12 20 11
bbc
Do you think that it's disappeared because it doesn't work ... apart from the political elite in socialist states, they're always O.K.
Removed
380
15/03/2021 12:42:05 1 5
bbc
Tell that to the Chinese worker where socialism as put money into their pocket and raised the country from one of the poorest in the world to the second largest economy in the world. Johnson should look at China and to see how levelling up works.
As Max would say - I know I was there.
524
15/03/2021 14:04:17 2 2
bbc
and how is that going? Norway is a mostly socialist country and it is the wealthiest per capita country on earth. The facts do not fit your far right ideology.
634
15/03/2021 15:11:39 2 1
bbc
A response with 'lefty' is usually so simple minded as to be borderline - wrong.
16
15/03/2021 10:51:03 13 11
bbc
He also said the economic effects of the pandemic had been "very unequal".

"Covid has affected the low-paid more. There are more women in that section of the labour force," he said.

Ethnic minorities were also disproportionately affected, he added.

-

Or to put it another way, more men have carried on working ...
40
15/03/2021 10:58:35 7 3
bbc
That's not trendy, so I'm not sure you're allowed to say that.
140
15/03/2021 11:24:52 0 3
bbc
True, how dare I interpret a differing version of the news eh?
41
15/03/2021 10:58:37 5 6
bbc
GDP only 3% lower in January when most of the country was in lockdown. Previous year had concerts, pubs, panto’s etc
No wonder GDP will be back to 2019 levels soon. Completely made up figure.
Ever think you are being lied to?
Jobs are everything. Otherwise we do not have an economy
I can only apologise to our children on behalf of this self-seeking generation. Removed
124
15/03/2021 11:15:31 0 1
bbc
I wouldn't worry about posterity - after all, what have they ever done for us?
18
15/03/2021 10:51:27 51 16
bbc
So we are going to follow Johnson's universal plan which consists of saying what people want to hear, and then crossing his fingers.
43
15/03/2021 10:53:42 32 59
bbc
80 seat majority. Which 3wil increase next general election. You can post as much left wing rubbish as you like on line, but the truth is at the ballot box.
53
15/03/2021 11:02:40 13 5
bbc
Thank you for confirming my point.
286
15/03/2021 12:03:31 6 7
bbc
Your down votes are from people who were to smug to vote in the referendum because it was a foregone conclusion hahahahaha stil soooooo bitter
321
15/03/2021 12:15:03 3 5
bbc
most people can't stand the current 'leadership' - if the clown & most of cabinet are removed then it might retain a majority.
452
15/03/2021 13:16:51 3 3
bbc
how about 1000 billion debt in 10 years for Gobal and private business... Tory use of future tax payers money for unseen elite profit today...where is that money and where is the next QE going. Red wall is a called in loan mate ... there has been no levelling up .. just more of the same ...kick a poor worker..
691
15/03/2021 15:55:10 1 3
bbc
I think you might be misjudging the support for the PMs actions. Looking at the comments on here and other media outlets, a lot of the pro lockdowners are on the left of politics. They are also of the persuasion that he should have locked down sooner, hence you will see the narrative start to change.
724
15/03/2021 16:30:57 2 3
bbc
Lefties again simply because you disagree with Johnson and Co. Suppose you are not right wing then.
794
15/03/2021 17:57:57 1 2
bbc
The truth is a stranger to you .
44
15/03/2021 10:59:56 12 10
bbc
Wait until he has to deal with the fallout from Brexit once the economy gets going again. That will last decades.
91
15/03/2021 11:14:28 1 1
bbc
Brexit fall out with economy growing in one sentence? Interesting.
28
15/03/2021 10:56:53 14 13
bbc
Personal savings have rocketed during the pandemic.
45
15/03/2021 11:01:19 13 4
bbc
They won't survive the recovery. We are already being told to unleash the savings to recover the economy.
468
15/03/2021 13:30:40 2 2
bbc
Mine ain't going anywhere...apart from into Green Bonds
46
15/03/2021 11:01:35 17 10
bbc
The Governor's past failures must be a warning to the people who employed him . There again it appeared to be employed because he supported Brexit . Perhaps people should have even more concerns about the inept Government who championed him .
37
15/03/2021 10:51:06 38 73
bbc
Shambles? Wait till you see what it does to the EU! which is well and truly knackered now.
47
15/03/2021 11:01:39 25 11
bbc
So in your opinion, everything is ok as long as the 'foreigners' suffer more than we do?
233
15/03/2021 11:45:59 2 7
bbc
Interesting, because you would rather see the opposite?
9
15/03/2021 10:49:11 82 23
bbc
Does this mean Johnson can spaff even more money on his Tory Party mates ?
48
15/03/2021 10:56:18 44 100
bbc
Successful people always back the Conservative party. Failures don't own businesses, successful people do. No good being jealous about it.
63
15/03/2021 11:07:02 28 8
bbc
I like your naive assumption that success is due to some kind of meritocracy.
188
15/03/2021 11:32:58 15 6
bbc
We're still waiting for you to tell us about your Brexit-defying export business.

Otherwise we might continue to think you're a fantasist...
You may be the simplest man i have seen commenting.

Work that Boris shaft.
Removed
280
15/03/2021 12:00:11 10 4
bbc
Historically but current inept leadership are a game changer. Tory party is not what it once was now it's being run by idiots.
364
15/03/2021 12:32:08 5 2
bbc
How's Greensill Capital doing with Cameron offering his sage like advice?

Uh oh.........
517
15/03/2021 14:01:48 3 2
bbc
Both successful people and those who fail can and do own businesses, the economic landscape can overwhelm any business if it has been fed nothing but lies from the government. European exports are down 66% to GB. Most of my colleagues in farming have decided to cease trading and wait for the dust to settle. Its becoming easier to get information and data needed to relocate to Europe plus grants
547
15/03/2021 14:17:34 4 2
bbc
As far as I can see, Johnson has presided over failure. Signing up to agreements he can't keep, allowing the worst covid death toll in the developed world, opening coal mines while proclaiming our green credentials, and proving an inability to keep the union together. I am not jealous at all. Just frightened.
572
15/03/2021 14:22:55 2 2
bbc
so you are saying that virtually everyone in the UK who votes Tory is voting against their own self interest. Isn't it clever of the far right extremists who inherited money telling people that don't have money that somehow that is their fault for lacking the skill to have been born into money in the first place.
712
15/03/2021 16:25:05 0 2
bbc
And why are they successful. Could it be some having friends in high places.
715
15/03/2021 16:26:21 2 2
bbc
"Successful people always back the Conservative party" - Yes because they get nice kick backs. The benefits of backing a corrupt party.
740
15/03/2021 16:40:22 1 2
bbc
A very narrow view of success and political leanings
768
15/03/2021 17:16:56 1 2
bbc
what Utter rubbish; are you in the Cabinet or just a total idiot.
846
16/03/2021 04:51:14 0 0
bbc
A Successful society takes care of all its citizens not just the rich. Without well off parents who can pay for a good education it is very difficult for most people to become successful.
8
15/03/2021 10:48:45 80 56
bbc
Capitalism is dying
Need s new system to balance economy and wealth gsp
49
15/03/2021 10:57:30 17 5
bbc
Before we kill our life-supprt planet.
183
15/03/2021 11:32:40 10 9
bbc
The planet has been around 4+ billion years & has seen more ice ages, floods, meteorites, dinosaurs, deserts, volcanoes etc than you can imagine. The planet is fine. Human will have to learn to adapt to living on it.
9
15/03/2021 10:49:11 82 23
bbc
Does this mean Johnson can spaff even more money on his Tory Party mates ?
50
15/03/2021 10:58:18 11 1
bbc
Dear chap! Goes without saying !!!
51
15/03/2021 11:01:48 26 7
bbc
Oh great.Negative interest rates.You having to pay the bank for the honour of having savings with them.Whats the point of living within your means and putting a bit aside every month in order to build up a bit of a pot for a rainy day.Sod self sufficiency and personal responsibility.Lets all max our credit cards on crap we don't need and keep the good ship Brittannica afloat.
60
15/03/2021 11:06:04 12 2
bbc
Better idea. Take your cash savings out & use them as a mattress. Do not spend on imported goods, a consumer boom of this sort would definitely hurt the economy except in the very short term.
66
15/03/2021 11:07:27 3 4
bbc
Your choice . Spend it in the UK and help the UK economy . Invest it in UK company shares and help UK businesses and perhaps see some decent returns . Or just leave it doing nothing .
81
15/03/2021 11:11:04 0 2
bbc
You could argue you're paying them to keep your money safe.
144
15/03/2021 11:25:23 1 1
bbc
Put your savings into off shore savings accounts. You can get 1.5% interest with the Isle of Man bank. Your first £50,000 saved is protected (versus £85k with UK banks).
269
15/03/2021 11:58:07 1 1
bbc
I think that's what they want us to do.
477
15/03/2021 13:36:55 1 1
bbc
Only if you can afford to pay it off in full each month. Those nasty credit card interest rates you know.
545
15/03/2021 14:17:00 0 1
bbc
none, isn't that what negative rates are designed to do?, stimulate demand for goods and services and create jobs (rather than hoarding money)
796
Tim
15/03/2021 18:01:04 0 1
bbc
Just buy a safe and keep cash in it. Don't give the greedy bankers your money to invest at a pittance of a return. I mean 1 pound in every 1000 there taking the piss.
52
15/03/2021 11:02:16 6 8
bbc
BofE will just keep printing more and more money,govt debt will keep on surging,UK household debt already the 10th highest in the world will also keep rising.Worrying times.
86
15/03/2021 11:11:59 0 2
bbc
"UK household debt already the 10th highest"

Lol, 10th is not bad considering we are a large western free market economy and the other 9 are likely to be the same.
43
15/03/2021 10:53:42 32 59
bbc
80 seat majority. Which 3wil increase next general election. You can post as much left wing rubbish as you like on line, but the truth is at the ballot box.
53
15/03/2021 11:02:40 13 5
bbc
Thank you for confirming my point.
848
16/03/2021 05:04:12 0 0
bbc
How many people have benefited since the Tories came to power with Cameron?
54
15/03/2021 11:02:57 9 6
bbc
No doubt having control over our monetary policy is a massive positive.

The best thing the UK could do now is to focus on innovation and high value manufacturing.

Creating the next Apple or Google would be an enormous boost for the UK.
64
15/03/2021 11:07:04 13 7
bbc
How exactly? All the great minds are haemmoraging away from the UK!!!
Bahahahahahahaha

Bahahaha
Removed
79
15/03/2021 11:10:30 2 1
bbc
we always had control over our monetary policy...as we never joined the Euro....so I would still be concerned. However I agree with you...that we need to start focusing/specializing in some sectors to try to get ahead....or certainly not be left behind.
96
15/03/2021 11:08:23 1 3
bbc
The Euro is a disaster, a really ridiculous idea. It will probably cause the end of the EU.
117
15/03/2021 11:19:29 0 2
bbc
Dead model.
28
15/03/2021 10:56:53 14 13
bbc
Personal savings have rocketed during the pandemic.
55
15/03/2021 11:03:06 13 4
bbc
So people are told but a vast number are existing on 80% wages and the use of food banks have increased. Does not add up.
149
15/03/2021 11:26:37 5 2
bbc
People are only told this and believe it if they think that it's only possible for one condition to exist. *Some* people's savings have increased, *some* people are in a worse situation, and everyone else is somewhere in between.
56
15/03/2021 11:04:34 1 2
bbc
Perhaps BoE should have invested in bitcoin 3 months ago. But not now!

But - to build a healthy economy with incentives to invest - interest rates need to go UP and inflation needs to be held DOWN.
57
15/03/2021 10:58:23 7 20
bbc
I see the usual Brussels based posters are on hear early again. The EU is tearing itself apart at the moment, the UK economy will recover faster and more robustly than anywhere in the EU. Those of us who read the international press can see this.
76
FF
15/03/2021 11:10:20 9 4
bbc
Brexit will be a mess for another 10-15 years.

You're having a giraffe mate.
95
15/03/2021 11:15:15 2 2
bbc
Exported copies of the Daily Express don't count.
115
15/03/2021 11:19:00 0 1
bbc
Oh god.
28
15/03/2021 10:56:53 14 13
bbc
Personal savings have rocketed during the pandemic.
58
15/03/2021 10:59:30 4 15
bbc
The EU posters on here are going to have a big shock when the UK totally outperforms the EU.
92
FF
15/03/2021 11:14:29 10 3
bbc
When is this big shock happening?
163
15/03/2021 11:29:18 6 5
bbc
Everyone would be shocked since there is zero evidence of that.

Still, Brexiteers don't bother with evidence. They just believe whatever makes them feel better.
24
15/03/2021 10:54:57 9 7
bbc
Sure, I'll opt for substandard produce just to make you feel better about your self-destructive decision to go through life as a kwitter.
59
15/03/2021 11:00:50 2 6
bbc
The EU looks worse every day. I shall look forward to it disintegrating.
51
15/03/2021 11:01:48 26 7
bbc
Oh great.Negative interest rates.You having to pay the bank for the honour of having savings with them.Whats the point of living within your means and putting a bit aside every month in order to build up a bit of a pot for a rainy day.Sod self sufficiency and personal responsibility.Lets all max our credit cards on crap we don't need and keep the good ship Brittannica afloat.
60
15/03/2021 11:06:04 12 2
bbc
Better idea. Take your cash savings out & use them as a mattress. Do not spend on imported goods, a consumer boom of this sort would definitely hurt the economy except in the very short term.
873
16/03/2021 14:16:40 0 0
bbc
Well, I'm happily going to spend my savings to enjoy my retirement - it is, after all what they were saved for!

Admittedly, when I started to save hard to retire, I expected to be able to trivially go to Europe whenever I wanted...
61
15/03/2021 11:06:04 52 11
bbc
If you keep ploughing billions into useless projects that benefit no one except a few mates, what do you expect will happen, apart from more donations to your party that is?
166
15/03/2021 11:29:43 34 7
bbc
I think that's the plan. It's all going swimmingly as far as they're concerned. The outlook for the other 90% however....
851
16/03/2021 06:27:29 0 0
bbc
If the money was spent on UK goods and services it would still work but buying Turkish ppe was a huge mistake like labours subsidising people buying german cars a few years back. Buy British to create British jobs, buy foreign to close more British business
62
15/03/2021 11:06:04 20 13
bbc
If ever I need to remind myself of just how sensible I was to emigrate from the UK 7 years ago, I just have to look at the disgraceful and shameful mess that is modern Britain. Sometimes I feel like I 'dodged a bullet'...
You are a regular poster on HYS consistently denigrating the UK . So glad you left Removed
113
15/03/2021 11:18:39 0 2
bbc
Nicely done :)
390
15/03/2021 12:43:29 0 1
bbc
Do you get free health service there then? Let’s know which country does this other than UK?
48
15/03/2021 10:56:18 44 100
bbc
Successful people always back the Conservative party. Failures don't own businesses, successful people do. No good being jealous about it.
63
15/03/2021 11:07:02 28 8
bbc
I like your naive assumption that success is due to some kind of meritocracy.
217
15/03/2021 11:41:28 1 5
bbc
what is it then?
521
15/03/2021 14:07:29 1 7
bbc
I would imagine that in 99% of cases Hosta is correct and it is down to merit.
681
15/03/2021 15:42:20 0 1
bbc
Don’t let the cat out of bag.
54
15/03/2021 11:02:57 9 6
bbc
No doubt having control over our monetary policy is a massive positive.

The best thing the UK could do now is to focus on innovation and high value manufacturing.

Creating the next Apple or Google would be an enormous boost for the UK.
64
15/03/2021 11:07:04 13 7
bbc
How exactly? All the great minds are haemmoraging away from the UK!!!
65
15/03/2021 11:07:09 1 6
bbc
“ Ethnic minorities were also disproportionately affected, he added.”

How?
51
15/03/2021 11:01:48 26 7
bbc
Oh great.Negative interest rates.You having to pay the bank for the honour of having savings with them.Whats the point of living within your means and putting a bit aside every month in order to build up a bit of a pot for a rainy day.Sod self sufficiency and personal responsibility.Lets all max our credit cards on crap we don't need and keep the good ship Brittannica afloat.
66
15/03/2021 11:07:27 3 4
bbc
Your choice . Spend it in the UK and help the UK economy . Invest it in UK company shares and help UK businesses and perhaps see some decent returns . Or just leave it doing nothing .
67
15/03/2021 11:07:30 1 3
bbc
You can clearly see the short term memory of some folk in the comments. Things have to be paid for and we need to pay for the support provided to areas of the economy. People seem to want something for nothing - like many folk i've worked through C19 and not received a penny in support but i will still have to pay for it. I dont hear people saying you can be let off paying!
109
15/03/2021 11:17:52 0 1
bbc
Hit reset - no-one knows but a few profiteers.
68
15/03/2021 11:07:50 60 7
bbc
Long story cut short - don't keep savings, buy assets

Interestingly, I'm not sure if that includes property right now. That market looks inflated like crazy and long overdue a correction
127
15/03/2021 11:22:17 23 2
bbc
.... especially with regard to city centre office space provision and businesses that rely on business from commuting workers.
143
15/03/2021 11:25:12 4 7
bbc
Exactly. Blockchain technology for me is the best investment. Decentralised Finance and Data is the future.
343
15/03/2021 12:27:21 1 2
bbc
that's right. go with the flow, or be left behind.
423
15/03/2021 12:56:54 2 1
bbc
But most assets are inflated right now, and long overdue a correction. Look at the US markets, it's like the pandemic isn't a thing. When the correction happens (it will, they always say it's different this time) those buying assets at the highs will suffer.
464
15/03/2021 13:27:48 2 1
bbc
Always safe to invest in property in the longer term; house prices always bounce back after a fall.
638
15/03/2021 15:14:49 1 1
bbc
There is still an increase in population every year the size of Derby

Supply and demand overrides BofE governor expertise every time

3 times recently we have been told of 30% property price drop if certain events took place and yet...
69
15/03/2021 11:07:57 3 3
bbc
We've saved lives and bought time. Those that are lucky to survive will have to pay back just like the survivors and generation after WW2 did. They'll come back stronger. The BoE can play around but in the end it is the fundamentals that will count.
104
15/03/2021 11:17:13 1 1
bbc
When did the WW2 survivors come back stronger ?
The rich were never harmed.
39
15/03/2021 10:52:30 33 28
bbc
More lefty nonsense. I think you will find it is socialism has disappeared from most of the globe.
70
15/03/2021 11:08:12 20 11
bbc
Do you think that it's disappeared because it doesn't work ... apart from the political elite in socialist states, they're always O.K.
145
15/03/2021 11:16:40 25 13
bbc
Socialism was an interesting experiment, but the summary is that it failed.
220
15/03/2021 11:44:13 1 1
bbc
As you say, OK!!
627
15/03/2021 15:07:25 1 1
bbc
I assume she/he was referring to extreme left.

As socialism is alive and kicking. Its always best keeping it just left of centre though.
71
15/03/2021 11:08:17 43 21
bbc
Our economy is a time bomb. UK national debt is now 97.9% of our GDP and has almost doubled since the conservative government came in 11 years ago (source, Office for National Statistics). This government is not fiscally responsible.
87
15/03/2021 11:12:23 23 5
bbc
Completely agree, extremely worrying that borrowing continued all the way from one huge external shock to another (2007 and 2020). To me at least it's completely clear that this policy of endless borrowing / printing is destined to end very badly and will take a very long time to put right.
203
15/03/2021 11:35:55 2 1
bbc
The problem is, cutting off all benefits, pensions, adult care etc does not go down well. You can tax the well off as much as you like but the 'take' cost is too high. The rich are not the problem. Those taking from the system & not contributing are. That is a simple fact.
444
15/03/2021 13:07:10 1 1
bbc
They're a bunch of communists. If Corbyn had been elected we'd all have free broadband which would actually have been useful in helping everyone to transition online. Instead we're subsidising billionaires with failing businesses.
471
15/03/2021 13:31:17 0 2
bbc
2008 caused this, if you only pay the interest and none of the capital the debt does not get any smaller. On top of that we have had covid. GDP is high but once we are through this crisis as long as we start living within our means the Debt will come down.
475
15/03/2021 13:34:50 0 1
bbc
So do you seriously think an alternative future government; say Labour, will reduce the national debt?! Really?
510
15/03/2021 13:56:49 0 2
bbc
Peanuts compared to EU debt
731
15/03/2021 16:35:44 0 1
bbc
But their spin continues to convince people they are-backed a right wing media.
72
Dil
15/03/2021 11:08:54 1 6
bbc
Giving Furloughed and Self employed grant is the greatest mistake government has done in doing whatsoever for jobs.
Reason all claims who were eligible irrespective of saving money they have.

Otherwise change tax code of those who claim and let them pay back otherwise it will unfair to many who work hard during pandemic because when tax rises this hard working have to make contributions for tax
141
15/03/2021 11:25:02 1 1
bbc
Why should only those that fritter their money away instead of saving some of it be eligible for furlough and grant money?

Yes, they might not "need" it at the moment, but most sensible folk try to save for their old age or some major purchase. We've already got enough people who don't bother saving anything and then end up living on benefits later in life.
54
15/03/2021 11:02:57 9 6
bbc
No doubt having control over our monetary policy is a massive positive.

The best thing the UK could do now is to focus on innovation and high value manufacturing.

Creating the next Apple or Google would be an enormous boost for the UK.
73
FF
bbc
Bahahahahahahaha

Bahahaha
Removed
74
15/03/2021 11:10:09 10 11
bbc
Just love the self loathing people here , look chaps the economy will recover no doubt covid has hurt us & the rest of the world well except china. But unlike WW2 the infrastructure has not been broke so we will certainly make a swift recovery. I know that will upset a few of you just not sure why ! The EU because of their pompous attitude are now going into the 3rd wave.
98
15/03/2021 11:15:52 3 2
bbc
Oh god.
99
FF
15/03/2021 11:16:22 1 2
bbc
Do you have the winning Lottery Numbers?

Your crystal ball must have!
134
15/03/2021 11:23:50 0 1
bbc
China, WW2, EU - check, check, check.

That's a full house.
75
15/03/2021 11:10:19 0 2
bbc
"He told the BBC he was looking at "new tools" to deal with the UK's biggest economic shock in 300 years."

i.e. MMT
57
15/03/2021 10:58:23 7 20
bbc
I see the usual Brussels based posters are on hear early again. The EU is tearing itself apart at the moment, the UK economy will recover faster and more robustly than anywhere in the EU. Those of us who read the international press can see this.
76
FF
15/03/2021 11:10:20 9 4
bbc
Brexit will be a mess for another 10-15 years.

You're having a giraffe mate.
36
15/03/2021 10:50:04 14 20
bbc
You haven't got a clue. There are vast sums of money sloshing about in the UK. It is the EU that is in big trouble. That is why they are trying to punish us, the EU is now jealous.
77
15/03/2021 11:10:25 7 3
bbc
For once I agree with you, they are trying to punish us.

You only have to look at Johnson's history of telling lies about the EU to understand why.
259
15/03/2021 11:55:59 3 1
bbc
'For once I agree with you'

I assume you are refering to the first bit of the sentence
78
15/03/2021 11:10:28 7 2
bbc
Is there any evidence to show that low interest rates have done anything more than pump up house prices and the stock market as money has fled from non yielding savings to rent yielding and dividend yielding property and stocks (no matter how small the yield)

Not sure that's been entirely beneficial for society and economy un long run.
54
15/03/2021 11:02:57 9 6
bbc
No doubt having control over our monetary policy is a massive positive.

The best thing the UK could do now is to focus on innovation and high value manufacturing.

Creating the next Apple or Google would be an enormous boost for the UK.
79
15/03/2021 11:10:30 2 1
bbc
we always had control over our monetary policy...as we never joined the Euro....so I would still be concerned. However I agree with you...that we need to start focusing/specializing in some sectors to try to get ahead....or certainly not be left behind.
80
15/03/2021 11:10:57 2 4
bbc
Rishi Rishi Boom Boom!
51
15/03/2021 11:01:48 26 7
bbc
Oh great.Negative interest rates.You having to pay the bank for the honour of having savings with them.Whats the point of living within your means and putting a bit aside every month in order to build up a bit of a pot for a rainy day.Sod self sufficiency and personal responsibility.Lets all max our credit cards on crap we don't need and keep the good ship Brittannica afloat.
81
15/03/2021 11:11:04 0 2
bbc
You could argue you're paying them to keep your money safe.
82
15/03/2021 11:11:11 13 2
bbc
I will have a small workplace pension from a public sector job when I retire in a few years, not worth what it would have been due to multiple pay freezes etc.

I also have some savings, which I will rely on to top up pension, I worry about their value falling due to low/negative interest rates.

I've worked all my life, saved/provided for myself. Not gone as well as I hoped.
105
15/03/2021 11:17:15 3 1
bbc
Putting cash in savings accounts is a sure way to lose money due to inflation. Anyone planning to retire have more than 10 years until until they need the money should be investing in equities or other assets
267
15/03/2021 11:58:02 1 1
bbc
Multiple pay freezes are better than multiple redundancies & pay cuts like people have had in the private sector over this period though eh?!
83
15/03/2021 11:00:52 6 4
bbc
Strip the covid-profiteers and tax-dodgers of their ill-gotton gains whilst they serve their time.

Then I woke up.
28
15/03/2021 10:56:53 14 13
bbc
Personal savings have rocketed during the pandemic.
84
15/03/2021 11:02:14 5 13
bbc
There are vast sums of money sloshing around. Many people will be shocked at how rapidly the UK recovers. While we laugh at the EU.
103
15/03/2021 11:17:09 8 3
bbc
Schadenfreude?
How sad.
159
15/03/2021 11:28:53 6 4
bbc
I'm quite happy if the UK makes a strong recovery, but why do you feel the need to "laugh at the EU"?
85
15/03/2021 11:04:59 4 5
bbc
With negative interest rates savers will abandon banks of they haven't done already
52
15/03/2021 11:02:16 6 8
bbc
BofE will just keep printing more and more money,govt debt will keep on surging,UK household debt already the 10th highest in the world will also keep rising.Worrying times.
86
15/03/2021 11:11:59 0 2
bbc
"UK household debt already the 10th highest"

Lol, 10th is not bad considering we are a large western free market economy and the other 9 are likely to be the same.
71
15/03/2021 11:08:17 43 21
bbc
Our economy is a time bomb. UK national debt is now 97.9% of our GDP and has almost doubled since the conservative government came in 11 years ago (source, Office for National Statistics). This government is not fiscally responsible.
87
15/03/2021 11:12:23 23 5
bbc
Completely agree, extremely worrying that borrowing continued all the way from one huge external shock to another (2007 and 2020). To me at least it's completely clear that this policy of endless borrowing / printing is destined to end very badly and will take a very long time to put right.
194
15/03/2021 11:32:19 1 3
bbc
National debt will always increase until we have a surplus not a deficit.

To achieve this we need to cut gov spending and increase gov tax take. To do it with only one of these will destroy economy.
So spending cuts (austerity) and tax rises. Will you vote for that?

G Osbourne was on target to eliminate deficit. People still moan about decade of austerity.

Which do you choose.
790
15/03/2021 17:55:20 0 1
bbc
If China nationalises the businesses our "investors" ploughed money earned off the backs of our fathers and grandfathers, as a retaliation over Hong Kong we will be in real trouble
62
15/03/2021 11:06:04 20 13
bbc
If ever I need to remind myself of just how sensible I was to emigrate from the UK 7 years ago, I just have to look at the disgraceful and shameful mess that is modern Britain. Sometimes I feel like I 'dodged a bullet'...
You are a regular poster on HYS consistently denigrating the UK . So glad you left Removed
35
15/03/2021 10:48:57 66 29
bbc
Politicians and bankers are mostly asset owners, so don't expect any change. Sadly we are now a one party state, with no viable options other than the Tories.
89
15/03/2021 11:13:16 11 6
bbc
A housebrick would be less corrupt and wasteful - easily viable.
90
15/03/2021 11:14:02 10 5
bbc
Hostamosta

Politicians and bankers are mostly asset owners, so don't expect any change. Sadly we are now a one party state, with no viable options other than the Tories.'

A housebrick would be less corrupt and wasteful than the tories - easily viable :)
44
15/03/2021 10:59:56 12 10
bbc
Wait until he has to deal with the fallout from Brexit once the economy gets going again. That will last decades.
91
15/03/2021 11:14:28 1 1
bbc
Brexit fall out with economy growing in one sentence? Interesting.
58
15/03/2021 10:59:30 4 15
bbc
The EU posters on here are going to have a big shock when the UK totally outperforms the EU.
92
FF
15/03/2021 11:14:29 10 3
bbc
When is this big shock happening?
30
15/03/2021 10:57:11 77 10
bbc
Negative interest rates are no more than theft from the prudent.
Those who have lived within their means and saved for the future have been robbed continually since the financial crash in 2008 with virtual zero interest rates and now will be robbed again.
Debt slaves of inflated property values are what banks and govt prefer so savers lose.
Unserviceable debt all round is the order of the day.
93
15/03/2021 11:14:33 8 20
bbc
Don't have your money in cash then? You can be prudent without having your assets tied up in cash...
683
15/03/2021 15:44:25 1 1
bbc
If you have a pension fund some of it will be in cash and some in assets.
94
15/03/2021 11:14:47 5 4
bbc
I guess once you've spavved £720bn of taxpayers money up the wall, who cares is you keep going...
110
15/03/2021 11:18:10 2 5
bbc
I’m guessing you meant “staffed”. Pretty childish and uninformed comment still
129
15/03/2021 11:22:33 1 2
bbc
We followed the Lockdowners wishes.

They need to own it and suck up the economical costs when the £400Bn overdraft letter lands on the mat.

Virtue signalling about the 0.3% at risk comes at a cost to the 99.7%....magnificently virtuous, but we’ve yet to find the magic money tree. ??
57
15/03/2021 10:58:23 7 20
bbc
I see the usual Brussels based posters are on hear early again. The EU is tearing itself apart at the moment, the UK economy will recover faster and more robustly than anywhere in the EU. Those of us who read the international press can see this.
95
15/03/2021 11:15:15 2 2
bbc
Exported copies of the Daily Express don't count.
54
15/03/2021 11:02:57 9 6
bbc
No doubt having control over our monetary policy is a massive positive.

The best thing the UK could do now is to focus on innovation and high value manufacturing.

Creating the next Apple or Google would be an enormous boost for the UK.
96
15/03/2021 11:08:23 1 3
bbc
The Euro is a disaster, a really ridiculous idea. It will probably cause the end of the EU.
97
15/03/2021 11:15:52 4 7
bbc
So the economy Post Brexit will be no worse than Pre Brexit?

Quelle surprise!

Someone needs to notify the Remainer’s to cheer them up? ??????
221
15/03/2021 11:36:59 1 1
bbc
Somebody needs to realise when they are being conned.

It's never too late.
275
FF
15/03/2021 11:58:23 0 1
bbc
How bright are the Sunny Uplands?
74
15/03/2021 11:10:09 10 11
bbc
Just love the self loathing people here , look chaps the economy will recover no doubt covid has hurt us & the rest of the world well except china. But unlike WW2 the infrastructure has not been broke so we will certainly make a swift recovery. I know that will upset a few of you just not sure why ! The EU because of their pompous attitude are now going into the 3rd wave.
98
15/03/2021 11:15:52 3 2
bbc
Oh god.
74
15/03/2021 11:10:09 10 11
bbc
Just love the self loathing people here , look chaps the economy will recover no doubt covid has hurt us & the rest of the world well except china. But unlike WW2 the infrastructure has not been broke so we will certainly make a swift recovery. I know that will upset a few of you just not sure why ! The EU because of their pompous attitude are now going into the 3rd wave.
99
FF
15/03/2021 11:16:22 1 2
bbc
Do you have the winning Lottery Numbers?

Your crystal ball must have!
100
15/03/2021 11:16:37 2 1
bbc
The banks are in charge of the economy; that is why there is so much debt. That is how they make their money. The BoE does what it is told to by its owners.