Most of which has been engineered by LTPM. Professor Danny Blanchflower formerly of the MPC, reckons no and says it is too late now, unless there is a political / policy U turn by LTMP in relation to the mini budget, which is obviously never going to happen.
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I'm simply hoping this is one of those bizarre occasions where doing the unorthodox thing works and none of the experts know why.
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Massive spending cuts are the only way to square the circle, so that's what we'll get
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And that's what they wanted to be able to justify
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Why can't they just U-turn? Most people will have forgotten by the election if they turn it around now.
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They want to cut public spending. They want the fear of homelessness to return to working people. They want the economy to be gutted so in 24 they can pretend they IMPROVED things.
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I think most middle class people still believe they're untouchable.
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@pancakes, but LTPM isn't going to engage in a round of spending cuts is she? That would lead to a 100% certain hammering in a GE, whenever that might take place. And even if she does, that takes time to filter through before it makes any meaningful difference.
What worries me is the BoE have said there will be no reviews of IR until 3rd November, and the fact Kwarsi thinks its perfectly acceptable for us to have to wait 2 months before he provides detail on fiscal policy. I sense he is influencing and leaning on the BoE. I just have no idea why he is doing this?
@sails I hope you are correct, but there is not one person outside the terrible two twins who think this is a good idea. I am personally just beginning to sense how very bad this all is.
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She's a conservative PM who is voluntarily tanking the housing market. She's already set for a 100% certain hammering in a GE.
Either the ideological blinders are so complete that she genuinely thinks this is a winning strategy so won't mind doubling down on it, or losing the election is already accepted and this is about getting everything they want done fast.
The November statement is on how UK government debt will stabilise in the medium term. That means spending cuts.
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Housing market will be fine.
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I think most middle class people still believe they're untouchable.
Not so much now Clergs, rapidly rising interest rates are the one thing middle classes fear.
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