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The Masked Tulip

Female Mp Laying Into Cameron About Savers

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On the BBC News channel live now, some lady MP questioning Cameron wanting to know why saversare being punished to save the UK economy, why the UK economy grew less than Greece last quarter?

No idea who she is, but she just went up in my estimation.

The bizzare thing is, Cameron's excuses sound just like Browns.

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They serve the same master.

"Fascism should more appropriately be called corporatism because it is the merger of state and corporate power." - Benito Mussolini

The concept of corporatocracy is that corporations - to a significant extent - have massive power over governments, including those governments nominally elected by the people, and that they exercise such power via corporate monopolies and mergers and by their enormous, concentrated economic power which, by recent economic crises, allows them the luxury of saying "we are too big to fail" and by legal in-the-open mechanisms (lobbyists, campaign contributions to office holders and candidates, threats to leave the state or country for another with less oversight and more subsidies, etc).

.

Edited by Dan1

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Got this off a Grauniad live blog:

11.37am: Angela Eagle, the shadow chief secretary to the Treasury, has put out a statement about the inflation figures.

These are concerning figures, which show inflation now running at more than double the target rate.
Across the country millions of people on low and middle incomes are being squeezed from every direction by rising prices made worse by the Tory VAT rise. The squeeze has been compounded from last month by cuts to tax credits, cuts to childcare support and the child benefit freeze.
And to make matters worse George Osborne's decision to raise VAT at a time of rising world food and oil prices looks increasingly like an own goal as high inflation continues to threaten a rise in mortgage rates for homeowners.
The Bank of England has been put in an impossible position by George Osborne. It has been left to do all the work to support a recovery that's been choked off by the Tory-led government's fiscal policy to cut deeper and faster than any other major economy in the world.

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Got this off a Grauniad live blog:

11.37am: Angela Eagle, the shadow chief secretary to the Treasury, has put out a statement about the inflation figures.

These are concerning figures, which show inflation now running at more than double the target rate.
Across the country millions of people on low and middle incomes are being squeezed from every direction by rising prices made worse by the Tory VAT rise. The squeeze has been compounded from last month by cuts to tax credits, cuts to childcare support and the child benefit freeze.
And to make matters worse George Osborne's decision to raise VAT at a time of rising world food and oil prices looks increasingly like an own goal as high inflation continues to threaten a rise in mortgage rates for homeowners.
The Bank of England has been put in an impossible position by George Osborne. It has been left to do all the work to support a recovery that's been choked off by the Tory-led government's fiscal policy to cut deeper and faster than any other major economy in the world.

...she's barking up the wrong tree...the Governments latest NSCs are paying a fair inflation linked return...if she wishes to needle anyone she should go for the Banks who are charging circa 18% for an OD while paying next to nothing on a deposit /savings account ...just another thick leftie spouting in the wrong direction....and the phrase:

a recovery that's been choked off by the Tory-led government's fiscal policy to cut deeper and faster than any other major economy in the world.

...is a spasm of delirium from a 'spend without income' socialist idiot who caused the problem in the first place...she should ask Liam Byrne who was their Chief Secretary to the Treasury in Government ...he told everyone the money is all gone...where was this vampire...?... :rolleyes:

Edited by South Lorne

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Got this off a Grauniad live blog:

11.37am: Angela Eagle, the shadow chief secretary to the Treasury, has put out a statement about the inflation figures.

These are concerning figures, which show inflation now running at more than double the target rate.
Across the country millions of people on low and middle incomes are being squeezed from every direction by rising prices made worse by the Tory VAT rise.
Typical Liebour.
Attack the bad news as if they haven't been in power for the last 13 years and as if they have nothing to do with it.
The reality is that inflation is starting to run away becuase the BOE are terrified to raise rates because of the massive household debt burden built up over the past 13 years.
So yes Angela, they are concening figures and we await your apology.
Edited by Goat

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Wish I could vote for this politician. I don't care what party she is from. I'm guessing it's not Tessa Jowell!

...you only like good news...you need Gordo back....he covered the gangrene up with sticking plaster and forced a smile ....vote Nuliebour for the good times... :rolleyes:

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Why would you raise rates with unemployment so high and set to rise further, GDP still way below 2008 and demand cut off at the knees by massive fiscal tightening.

:huh:

Oil mainly from emerging market demand and VAT rises - it's not that difficult surely. :unsure:

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Typical Liebour.

Attack the bad news as if they haven't been in power for the last 13 years and as if they have nothing to do with it.

The reality is that inflation is starting to run away becuase the BOE are terrified to raise rates because of the massive household debt burden built up over the past 13 years.

So yes Angela, they are concening figures and we await your apology.

100% agree.

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Why would you raise rates with unemployment so high and set to rise further, GDP still way below 2008 and demand cut off at the knees by massive fiscal tightening.

:huh:

Oil mainly from emerging market demand and VAT rises - it's not that difficult surely. :unsure:

What massive fiscal tightening?

A slow down in the annual rate of increase in state spending at most from what I can see.

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Why would you raise rates with unemployment so high and set to rise further, GDP still way below 2008 and demand cut off at the knees by massive fiscal tightening.

:huh:

Oil mainly from emerging market demand and VAT rises - it's not that difficult surely. :unsure:

How about to strengthen the pound, thus making imports (we import more than we export don't we?) that wee bit cheaper?

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Is the fact that it was a female really relevant?

No, but I'm surprised they don't say how much her house is worth.

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...you only like good news...you need Gordo back....he covered the gangrene up with sticking plaster and forced a smile ....vote Nuliebour for the good times... :rolleyes:

I want to vote for a rate increase!!!!

How do I get on the MPC? I have zilch in the way of an economics background. I should be perfect for the job.

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I want to vote for a rate increase!!!!

How do I get on the MPC? I have zilch in the way of an economics background. I should be perfect for the job.

Sadly having a job at Goldman Sachs is a pre-requisite.

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Before the general election Cameron did promise ( :lol::lol: that word associated with a political party leader again) to stop taxing savers income to help to compensate for the rip off interest rates being offered on savings by the banks.

I bet he got quite a few votes with that.

Since the election it's never been mentioned again. In the meantime they, with the connivance of the BoE, continue to thieve and rob peoples savings through inflation.

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Angela Eagle, the shadow chief secretary to the Treasury

Was she saying this prior to May last year?

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Why would you raise rates with unemployment so high and set to rise further, GDP still way below 2008 and demand cut off at the knees by massive fiscal tightening.

:huh:

Cos that would crash housing and imports. Thus our std of living would RISE!

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  • 298 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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