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- Thread starter AlbertC
- Start date
Richard White
Senior Member
The BBC website has changed from their standard red to black. Changing of the Guard is also canceled.
Expect Operation Unicorn to be played out later today.
https://www.bbc.com/
Expect Operation Unicorn to be played out later today.
https://www.bbc.com/
Richard White
Senior Member
I can say with near certainty that the Queen has died.
What we are seeing now is the playing out of Operation London Bridge in combination with Operation Unicorn. The way the BBC is acting, the canceling of events and the family rushing to Balmoral are all things that happen when RATS goes off and we are about to get bad news.
it is all consistent with Operation London Bridge.
What we are seeing now is the playing out of Operation London Bridge in combination with Operation Unicorn. The way the BBC is acting, the canceling of events and the family rushing to Balmoral are all things that happen when RATS goes off and we are about to get bad news.
it is all consistent with Operation London Bridge.
kEiThZ
Superstar
Queen Elizabeth II has died, Buckingham Palace announces
Queen Elizabeth II has died, Buckingham Palace has announced.
www.bbc.co.uk
Jonny5
Senior Member
The Queen is dead. Long live the King.
Jonny5
Senior Member
Apparently it's official it is Charles III.
Was a lot of speculation he would choose a different name.
Was a lot of speculation he would choose a different name.
Jonny5
Senior Member
Perfectly dry and witty Tweet for the occasion.
DSC
Superstar
the Economist magazine does not think much of Ms Truss. Which is hardly surprising, she is truly 3rd rate!
Sep 28th 2022
It was meant to usher in an era of economic growth. Instead the 25-minute statement that Kwasi Kwarteng, Britain’s new chancellor of the exchequer, gave on September 23rd kickstarted a crisis. By unveiling £45bn ($48bn) of unfunded tax cuts, alongside temporary measures to help with energy bills, Mr Kwarteng spooked financial markets in spectacular fashion. Most of the tax cuts and emergency spending had been signalled, but the vaunted supply-side reforms needed to pay for them were vague and the new government’s approach to the public finances was cavalier. Worse, the backdrop to Mr Kwarteng’s epic budget-busting was a slump in bond markets that raised borrowing costs for even the most creditworthy governments.
As investors took fright, gilt yields surged, prompting the Bank of England to say on September 28th that it was ready to buy unlimited quantities of long-dated bonds to restore order to financial markets. The pound crashed to its lowest level ever against the dollar. Although sterling has since rebounded, markets still imply a 40% chance that it will reach parity with the dollar. Comparisons between Britain and emerging markets swirled; the imf slammed Mr Kwarteng’s plan. After the worst start to a new administration in memory, people are already asking how long the new prime minister, Liz Truss, may last.
Liz Truss’s new government may already be dead in the water
Sep 28th 2022
It was meant to usher in an era of economic growth. Instead the 25-minute statement that Kwasi Kwarteng, Britain’s new chancellor of the exchequer, gave on September 23rd kickstarted a crisis. By unveiling £45bn ($48bn) of unfunded tax cuts, alongside temporary measures to help with energy bills, Mr Kwarteng spooked financial markets in spectacular fashion. Most of the tax cuts and emergency spending had been signalled, but the vaunted supply-side reforms needed to pay for them were vague and the new government’s approach to the public finances was cavalier. Worse, the backdrop to Mr Kwarteng’s epic budget-busting was a slump in bond markets that raised borrowing costs for even the most creditworthy governments.
As investors took fright, gilt yields surged, prompting the Bank of England to say on September 28th that it was ready to buy unlimited quantities of long-dated bonds to restore order to financial markets. The pound crashed to its lowest level ever against the dollar. Although sterling has since rebounded, markets still imply a 40% chance that it will reach parity with the dollar. Comparisons between Britain and emerging markets swirled; the imf slammed Mr Kwarteng’s plan. After the worst start to a new administration in memory, people are already asking how long the new prime minister, Liz Truss, may last.
Towered
Senior Member
I do appreciate her strident stance against Russia. Other than that I really don't know anything about her.
kEiThZ
Superstar
Northern Light
Superstar
The freeport program mentioned here was something that has passed beneath by radar.
***
Projected UK deficit for 2022-2023............... 8% of GDP!
To finance tax cuts, primarily for the well off; and price caps on energy.
Yikes!
afransen
Senior Member
You get the government you deserve.
Northern Light
Superstar
The discussion of the UK's fiscal brilliance here.............. cough........ merits examining the primary source material. They called it a 'Growth Plan'; perhaps they meant in the same fashion as a cancerous tumour.
From the above, a look at what they've done:
Energy:
I'm skipping only a few bits that seem too dominated by political jargon rather than substance, the entire thing can be read at the link:
****
Growth/business stimulus:
Housing stimulus:
Infrastructure:
Pro gig-economy:
From the above, a look at what they've done:
Energy:
I'm skipping only a few bits that seem too dominated by political jargon rather than substance, the entire thing can be read at the link:
****
Growth/business stimulus:
Housing stimulus:
Infrastructure:
Pro gig-economy:
AlbertC
Superstar
DSC
Superstar
As noted above, the canoe is now well under-water!
www.theguardian.com
Jeremy Hunt named chancellor after Kwasi Kwarteng sacked as Liz Truss expected to U-turn over mini-budget – live
Prime minister to hold Downing Street press conference after sacking her chancellor
www.theguardian.com