Well, she stumped growth again, just because she thought she was saving the welfare money, that money is removed from the general economy.
Those on welfare tend to spend it locally, whereas the wealthy tend to stash the cash. Just one thing else why is uk trying to buy the chaos island for £18b
Help us give the Chagossians the ability to decide if their islands should be British or Mauritian. A right that should be unquestionably theirs. Sign and repost: https://petition.parliament.uk/petitions/706882
As your colleague Andrew Marr eloquently said last night…..decided by 3 men in a room.
A “Snap-shot” that could literally change in a couple of days after Donald Trump implements his Tariffs.
….not fit for purpose, OFWAT have a better track record.
The point here being that growth is predicted to be even higher in 2026 and future years than the OBR was saying at the autumn budget.
The media focus only on the lower level expects this year as if it were an overall reduction, but it's just a delay in the growth and we could actually see more.
@mrjamesob.bsky.social we need to join the dots here - according to this video the forecast is based on the premise of enriching foreign investors at the expense of UK citizens. It makes sense of @europeanpowell.bsky.social and his work on Freeports too - selling us out. https://youtu.be/kdtKbjtIp4s?si=VBy9YcsMoBK9KB6a
OK.. I followed Murphy on twatter He needs to find a job like his mate Blanchflower. He’s a Corbynite. Starmer could cut taxes to the working class by 50% and he’d still moan !!
Next posted 1bn profit for the first time, Sainsbury’s profits up 3.7%, Tesco up 10.9%. Increase in min wage/NI and reduction in threshold was to stop these companies using part time contracts to keep staff costs low, meaning UC needed to top up income. But profits must be protected so prices go up🤬
Agreed, it was the same during Covid, supermarket prices shot up, they claimed it was supply/demand then. But if their profits are going up it just shows they are either cutting overheads (staff) or charging more for products or both, but greed either way🤬
The trouble is the OBR forecasts are as reliable as every other economic forecasting body. Without radical surgery to our economic system relying on house building alone will tilt our economy further to imbalance when what we should be creating is a rounded economy with many strings to our bow
That'll be a consolation to the million or so frightened and worried disabled people this morning. This morning they know they're going to take another massive kicking, the biggest for 20 years, but this time from a Labour government. Meanwhile the head of British Gas gets £8.2 mil per annum.
They are pushing 50K more children and even more disabled people into poverty, just to make numbers match on a graph.
If they need the numbers to match get the money somewhere else, like the most wealthy, close tax loopholes, covid fraud.
Labour’s problem is that they have very good policies, but are extremely poor salespeople, thus the right wing press can easily manipulate and dish out their disinformation.
A really good trade off then…a less than certain forecast of growth at the expense of the poorest and weakest in society. Labour have chosen to put working class people into poverty and yet their supporters are on here bemoaning the lack of positive coverage. The new Nasty Party.
Labour announced a crackdown on Tax evasion in the Spring Statement, so they're going after the rich too. Welfare policy has not been implemented yet and will only affect new claimants - I'm one of those claimants. The UK has been weakened by Brexit, & Trump is trashing the global economy
What I would say about the risks of re-assedsments/reviews, is that if your needs are still the same, and you already get at least 4 points in one part of the Care Element, then you won't lose benefits (especially if you have support from Fightback4Justice or their sister cic, Disability Forms
But many people receive enhanced PIP care element because their overall points are 12 or over but don’t score four points in one category. Those people will lose PIP care element even basic level plus won’t receive the health element of UC and not the associated support such as carer’s allowance.
I still say, everyone should email their MP about this, which is what I've done. No amount of frustration online is going to change it. Let's work together
Used to be a Labour Party member, but it’s a party that cannot be reformed unfortunately. They are the new Nasty Party. Whatever money they throw at defence won’t make the UK safer and the effectiveness of their plans to tackle tax avoidance remains to be seen, but I fear it’s mere puff.
I was also going to say, that it hasn't happened yet. The legislation still has to make its way through Parliament. There are a lot of Labour MPs who are pressuring Labour to change tack. Are you a benefit claimant, like me?
I count myself fortunate that I don’t claim benefits. I have in the past though. Labour have made an all out attack on the most weak and vulnerable, not through necessity but choice. The wealthy won’t suffer from taxation but the poor will surely suffer for this decision. Labour are finished.
I still say, let's wait and see what happens next. The world is in turmoil. I'm used to things being tough - my formative years were under Thatcher! I also support someone financially, who is too scared to claim benefits due to 14 years of the Tories trashing everyone & everything
Not true. Affects all claimants as they are reassessed. Consultation also a sham as have ring fenced the most destructive points such as PIP scoring change.
I'm still not entirely sure if pushing a quarter of a million people into poverty, removing winter fuel payments from the elderly, or keeping the 2 child cap is worth any economic growth.
As you keep saying James, “Lies circle the globe twice while Truth is just getting out of bed”! That 9% growth rate sounds dodgy though.. have they added the 1.9, 1.7, etc..? A bit misleading..
And I was avoiding this news and cheering myself up with the story of the first ever WH faith advisor to the president. Pastor Paula White-Cain. And to think I thought selling cryto tacky.
Probably why the Hargreaves bloke doesn’t want to see a full Labour term. Heavens forbid they get it right. Anyway James bigger issues than the Spring statement, heard Sabrina tickets have been given out as freebies
The Chancellor even pointed out in her speech that despite growth being projected to be lower this year, the OBR is predicting larger growth in every future year than they predicted in the autumn budget.
Suggests that this year's drop is just a delay in growth, rather than a reduction.
And yet still somehow justifies driving 300,000 more people (including 50,000 children) into poverty for not meeting the abitrary "disabled enough" criteria
...but do not represent the overall impact of the government's proposed welfare and work green paper.
We will see more of the actual impact in the autumn and even then, they are proposals and are part of a process and the final plans could contain mitigations we don't yet know about.
Also, no. The PIP element says it is not subject to consultation, but for some reason hardened labour loyalists would rather pretend it isn't happening
One thing that is part of the consultation is answering the question: what support do you think we could provide for those who will lose their PIP entitlement as a result of the additional requirements [on scores]?
Plenty of people totally ignore this and the potential it has to reduce impacts.
The document it is from explicitly says it does not take into account impacts of increased employment and does not reflect the overall impact of the planned reforms.
If you have been told it does, you have been given wrong information.
OK, I apologise it doesn't. But the impact is actually likely to be less people able to work for a few reasons:
1) many people depend on PIP to find support they need to enable them to work
2) the £1 billon is aimed at fixing disabled people when we all know it's employers that need fixing
The Government really need to give the bigger picture to the public in a very clear simple way. People are being led into believing the simple sound bites in MSM. We live in a country where the propensity of outlook is always gloomy as it is.
Tbh, the reporting around this has confused me completely (doesn't always take a lot). There seems to be two different messages circulating. Never a good thing imo.
Growth for WHO?
Economic growth means bugger all if you cant put food on the table. Labour are making the same mistake the democrats did "markets are up vote for us". Means nothing if the common man is still worse off. Taxes or pitchforks are coming for the rich they can decide which
Looks like every dodgy sales projection I've ever seen. Back-loaded to kick the problem down the road and allow faux optiism in the first couple of reporting quarters.
So does that mean the OBR’s take on the impact of Brexit, which it has just restated, should also be viewed sceptically? For ordinary citizens looking for non-partisan expert answers there appears to be nowhere else to go.
Is this an issue with the OBR not being independent enough or is it a remit question or?
I assumed the idea with the OBR was that they would be there to keep the government honest, but if their projections are insane then are they achieving it?
A headline that says 'Growth Forecast Halved' is, according to the data being used to write the headline, currently true for just nine months of the next five years. I think I'm concerned with the skewed coverage while you are (understandably) engaging with the forecasts.
The headline is skewed but the halving is for the near term data whereas the later increases are, by nature, more uncertain and rely on house building targets being met.
The growth predictions are so low though, the government should be aiming to smash through them all.
Yeah fair to criticise that headline. But I think the general mood of pessimism is justified based on previous forecast misses and Trump tariffs to come etc...
Selecting the more sensational information for headlines and ignoring salient facts! Not the press, surely!
Let's face it the budget is "OK". The losers aren't the ones that can easily bear the economic strain. Hoping there'll be mitigating wealth scrutiny soon to balance the burden.
Well that’s about Reeves completely failing in her plan to have “the fake good news reported but the fake bad news ignored if I smack people the press hate, like benefits claimants”
Proving once again that some people can't tell the difference between Labour's comms (the screenshot is literally taken from it) and media organisations choosing to be very selective in what they tell their audience about it.
Basically, you're blaming the victim for the actions of others.
Labour need to find a way to bypass legacy media or at the very least find people in legacy media who will explain their plans/policies/etc in a succinct, accessible, honest way, in order for the masses to understand. They haven’t been doing that and it’s a major problem.
Of course it is, we are hearing "you cannot blame this on Tories" after 9 months in government and 14 years of chronic under investment. Yet the Tories dined out on "Labour crashed the economy" for a decade, utterly pillaging the public purse and given a wide berth by the media, when it was a lie
All the people suggesting we change government after 9 months. As if that wouldn't spook the markets and cost us further billions. And who? Badenoch or Farage? Give me a break, sixth form debate captain or career antagonist who'd be bored shitless having to actually attend the commons consistently.
I agree, I can't pretend I'm not disappointed with Starmer and Reeves, I am, but when we have an active petri dish across the pond from which we can learn the dangers of isolationism and post truth populism, the alternatives are even less palatable.
I lost my temper and said yesterday we need a new government, but quickly realised what you’ve just said. If we go to election, we’ll probably just get someone even worse. There’s not much alternative.
Even if there were a viable alternative, you can't be changing governments after 9 months. What would happen if the new government wasn't liked? Get rid of them after less than a year too? The country would be in disarray.
You can, but there is nowhere near enough in the PLP with the experience nor the political cahoonies to rebel, it would be an act of moot significance.
This is why we need PR in this country, every major policy should go through the rigour of negotiation, not a simple dictat.
And then the new person, likely Rayner, would enact exactly the same policies as Starmer. Then what? Get rid of her too? Elements of the press have already targeted her with classist, misogynistic bullshit. It's just not workable in the real world.
14 years of the Tories doesn't explain half of what they've done. It doesn't explain removing access to healthcare for trans kids, it doesn't explain banning discussion of trans people in schools, it doesn't explain putting trans women in men's prisons
I agree, but I'm not stating a position of agreement with the government, but I think anyone watching how Labour has been covered the last 9 months would conclude that there is a vastly different standard set for a Labour government on all manner of issues.
But chronic under-investment is also the Labour policy. You genuinely cannot blame the Tories if you are actively demonstrating that you'll do the same things they did. If this government is to be believed, the last 14 years of Austerity was just a "necessary tough decision".
Well, yes and no. The macro public spending picture is net positive, they have, overall, increased spending. Its the micro, department by department spending, for those unprotected where the cuts of 0.8% will come. Tory austerity was a massive reduction in overall spend, very different.
Where I take issue with the current governments reasoning is largely down to two areas.
"The world has changed" yes it has, so why no discussion about the 4% GDP hit Brexit has enabled.
"Hard decisions" choosing to cut welfare and public services but leave bankers bonuses and wealth and asset alone
The macro public spending picture is always positive because of inflation. In reality, we still haven't recovered from the first round of Austerity. Major investment is needed to get out of Austerity, instead they are making more cuts to continue it. Additionally, much of the increase has been in…
Well, no, the macro spending picture in the coalition government was, in real terms, large scale cutbacks in almost every government department as well as overall. That is not the case here.
Well, okay, with the exception of cuts it's always a net positive. My point is that "net positive" isn't a good descriptor. It's been "net positive" for the last decade and that's always the first argument I hear from people arguing for more cuts.
Depends on whether or not you see staff wellbeing, pay and conditions, and retention as not damaging productivity, I think most economists would disagree with you on this.
Agreed, I keep waiting for a moment when they do something to instil what is really lacking in the UK, the hope that things will get better. Reeves has done an awful job of pitch rolling in terms of the economic landscape, and we are tired of "hard decisions" needing to be made.
I agree, but it isn't austerity, not in the sense of overall public spending as that has gone up relatively significantly as have growth forecasts. For the unprotected departments and folk on benefits, it is an unmitigated disaster. You're right options are there for Reeves, she didn't take them
What exactly is supposed to be growing 10% in the next few years? Income is due to fall, GDP per capital is due to stagnate, living standards are due to fall. Is the "growth" just inflation?
It doesn't really matter does it. With world trade being the way is is currently allied in particularly to our lack of trade partners, RRs plan is one of hope more than design.
It just doesn’t feed into the MSM narrative does it? 😠 I admit to being disappointed with some of Labour’s policies but honestly the right wing bias by the UK media is glaring obvious given their muted tones for the past 14yrs! 😳
Who could peeole have voyed for that would mean no cuts or taxes and deliver positive NHS outcomes?
The idea that there was a better option feels very brexity.
Not sure "pure" has much to do with it but the total lack of services causes distress.
Of course it does. The slow and long decline in public service started by Cameron and Osborne is appalling.
FWIW I’m probably currently politically homeless. I think there are better ways of raising income than punishing the disabled and elderly. Lib Dems are dead to me post 2010-15.
Agreed and I am not arguing that..
I dislike the idea amd abuse people are recieving for picking the only option.
The UC that put kids into poverty also did the same to two million pensioners people voted for that but WFA is now too far...
They're in government already, did you know? (& on 23% in latest poll).
It puts them in the realm of 'show not tell', so the blanket response of 'realists' that progressive policies alienate voters doesnt apply- its whether they work.
I'm actually starting to think that being in opposition and bringing political discourse back to the centre ground might be better for the country, ideally left of centre. Lurching to the right is not doing anyone other than the very rich any favours...
Agreed, but a noisy opposition would potentially keep in check the excesses of the right. I'm now concerned that even Labour are going after the least fortunate in society to save peanuts and leave large sums of money in the hands of the elites.
I would like to think so and more than that I’d like to think this Labour government was less corrupt than the last lot but unfortunately they stuck their noses in the trough just as soon and as often as they could, the last time defended by Rayner by saying everyone does it. Hopeless.
So long as there's a @nickferrarilbc.bsky.social there will thankfully ALWAYS be a place for Mr. @mrjamesob.bsky.social at @lbc.co.uk getting us on the mid course with reasoned thinking and a balanced view!
Why all OBR models should include growth if we had different relationships with the EU. Time to make the choice clearer. If we want real growth, we have to rejoin in some form.
Why are the people that said a financial hit from Brexit was worth taking because of 'sovereignty ' . Now moaning about welfare cuts, etc, due to our country being in dire straights , mainly due to Brexit?
I could never understand why people on the left like Mick Lynch championed Brexit when most experts clearly said it would make Britain poorer, inevitably leaving less money for welfare and public services. Thanks so much all you Lexiteers 😢
The majority of the popn. don’t understand how local govt finances work, let alone the finer points of the national economy. Someone wrote a book explaining how client journalists helped break Britain. These headlines suit their political leanings…
There has also been no focus on the anti-tax avoidance measures mentioned in the statement, which @danneidle.bsky.social was talking about yesterday as being 'excellent'.
If she is seen to be going after tax cheats and covid corruption more overtly then it seems more balanced. She has to stop playing the tune the right-wing media want her to play. She comes over as lacking compassion. Putting more people into poverty even in the short term is not a good look.
She gave details of the extra staff employed and the technology to be used to claw back an extra 1bn of unpaid tax. This is on top of 6bn already being targeted.
Every Chancellor says they will cut tax avoidance to raise money. They never do. Let's hope that these measures succeed where all those that have gone before have failed.
And yet doing this to the vulnerable, by the way, the UK loses 44.7 billion a year to corporate tax evasion, focus should be on closing tax loopholes and investing funds to the economy like Denmark has recently done
Its the problem the uk has with the news being set by a right wing misleading unbalanced press. @teamlabouruk.bsky.social . It’s the ULEZ affect. RW media states things bad for everyone to frighten them. Reality proves different. Govt needs to stay on course. Press demonised Starmer since leader Lab
The introduction of the Euro 1st January 1999. Exchange rate
£=€1.89
23rd June 2016.
£=€1:45.
24th June 2016.
£=€1:25.
Mini budget £=€1:06.
27th March 2025
£=€1:20.
The £ has been up and down on exchanges by two or more cents since 31st January 2020.
This year EU Derivatives are to be removed.
🇪🇺🇮🇪
Richard Murphy's analysis is illuminating - 'it suggests that she's panicking and the only way in which she thinks she can balance the economy is to borrow from foreign investors (who will be attracted by inflated interest rates)'
James, do yourself a favour, and go to YouTube, search for Richard Murphy, and watch his independent assessment of RR's statement yesterday. His daily 7/8 minute videos about political economics is spot on, time after time ...
There are things bugging me with all this. 1st press attitude to this government who in the campaign said stuff people wanted to hear. Now they are doing it no one is happy. 2nd is government comms. WTF are they doing to state the positives? Message not congruent with the actual policy or its impact
Same old communication problems that have hit them since the election.
If I wore a tinfoil hat, I would think there were civil servants who are determined to spin everything as bad, press that do the same and a bbc who are happy to run with it.
Projected changes of a couple of tenths of a percentile to the fairly abstract concept of growth isn't really a tangible thing for most. An additional 250,000 being pushed into poverty will unfortunately be all too tangible for those impacted by this
How does poor people having a lot less to spend on essentials help the economy when we all know that wealth going to the richest is hoarded not spent?
Lettuce time for Reeves please.
What good is a ‘growth forecast’ when your benefits are cut, your rent is rising, and you can’t afford to eat? Growth for who? If you’re rich, Labour’s got your back. If you’re struggling, tough luck. This isn’t ‘change,’ it’s a Tory rebrand. #ToryLite #StarmerBetrayal
Strategy v boosterism. Most of the media, at least, still wants the Johnson-era “promise anything, do nothing” politics. Reeves et al are more considered. Starmer said it, there will be some pain before the gain.
"Rich people and shareholders are going to get richer" ... also ... "sick people are going to lose their benefits".
Honestly I'm sick to fucking death of how well the fucking stock market/economy is/will be doing when the poorest in society are getting shat on by a fucking Labour party.
At least with the tories you knew they hated the poor and sick and disabled... but seems like the Labour party does as well. Left/Right, the only difference is how much glee they show while kicking the lowest in society even more. Left: "sorry but here is a kicking". Right: "haha here is a kicking".
Also reporting on welfare cuts fails to mention that the idea is to get lots of people back into work who are currently struggling to get work.The onus is on support for people to help them back to work.The number of 18 to 24 unemployed is the biggest worry so any help to get back to work is good.
That's the mainstream media's strategy, isn't it? Needlessly upset the population and keep them upset enough to continue buying papers or visiting news web sites.
It's why they no longer have any credibility with the right-hand half of the IQ bell curve.
I admit that I’m at a loss to understand why they haven’t done some of the more obvious things to raise tax income. If you work on the basis that ‘no battle plan survives contact with the enemy’, surely CEx can justify adjusting the fiscal rules to suit the changing financial climate?
Problem for reeves is that, as proven, voters like slogans and unsubstantiated good news promises like Brexit, and taking problems seriously is not a formula for getting reelected.
I never dreamed I’d see a Labour Party government take from the poor! Why hasn’t the Chancellor taxed gambling, 2nd homes, the wealthy? So many other ways to raise money. I’ve been a life long Labour Party member, but I’ve now resigned.
Oh! England!! I had to read it a couple times too but I was thinking, okay now I KNOW the U.S. is making them lie but this is a really big lie!
Nevermind! I will stand down and continue to be Embarrassed By The U.S. 🙃
Around the world economies are still coming off the lows of the pandemic. Ukraine war is on verge of ending. Assuming nothing unexpected happens, we should expect a growth period coming up (even with low productivity).
It’s naive to think that the Ukrainian war is on the verge of ending as there’s no real indication that the Russian regime will support and respect a ceasefire.
Growth, growth, growth…! What is it? Where is it? How can it happen in a retail and services economy where many people have no money to spend? What does investment mean in an economy full of impatient shareholders demanding immediate returns on decisions that may have waited over 40 years?
Watching BBC news this morning after they had just interviewed Reeves. Then, they went to the selected audience and asked an economist about what he thought of the OBR's projected figures. Clear as day, the interviewer wasn't looking for the guy to give a positive spin on the economy going forward.
James, Reeves will be damned for whatever she does. The reality is, as for all her predecessors, the amount of control they have on the economy is, actually very limited, compared to events such as Putin invading Ukraine or Trump’s isolationist polices. We can all sit & find fault with Reeves.
Or we can look at the facts ourselves, instead of letting shyte right wing papers sell us advertising space to keep their owners in yachts, islands & aircraft. Kind regards 😊
It reads positively but coverage is far from positive. Huge but there though as labour weren't put there to be tories. They're being tories. Tax the assets of billionaires and millionaires like the people wanted. Bearing in mind 'the people' wanted Brexit surely the rich can be taxed. Cut our tax.
Listening to the show and I’m so angry at the performative cruelty of these cuts. Unbelievable that it comes from a Labour Government. A labour Government no more, just cosplay Tories. The money is there, just ignorance around how it works.
Comments
Those on welfare tend to spend it locally, whereas the wealthy tend to stash the cash. Just one thing else why is uk trying to buy the chaos island for £18b
Old adage don't buy what you can't afford if you don't have a rainy day fund.
https://petition.parliament.uk/petitions/706882
A “Snap-shot” that could literally change in a couple of days after Donald Trump implements his Tariffs.
….not fit for purpose, OFWAT have a better track record.
The media focus only on the lower level expects this year as if it were an overall reduction, but it's just a delay in the growth and we could actually see more.
Except we will probably be in a war?
https://youtu.be/kdtKbjtIp4s?si=VBy9YcsMoBK9KB6a
He sits on the source of his data!!
We've had growth for 40 years & look at the state of everything!!!
If they need the numbers to match get the money somewhere else, like the most wealthy, close tax loopholes, covid fraud.
But then again it’s always hard to know what’s really going on.
Its almost as if there is an ulterior motive hmmmm
*Trump*
"Hold my Diet Coke"
And I was avoiding this news and cheering myself up with the story of the first ever WH faith advisor to the president. Pastor Paula White-Cain. And to think I thought selling cryto tacky.
the ‘impact assessments aren’t right’ on people pushed into poverty, checks notes… they actually published the assessments so signed them off !!
Suggests that this year's drop is just a delay in growth, rather than a reduction.
They are purely on the direct impact of PIP changes before taking into account any mitigation impact, such as more people working.
Obviously, they are a cause for concern...
We will see more of the actual impact in the autumn and even then, they are proposals and are part of a process and the final plans could contain mitigations we don't yet know about.
Plenty of people totally ignore this and the potential it has to reduce impacts.
If you have been told it does, you have been given wrong information.
1) many people depend on PIP to find support they need to enable them to work
2) the £1 billon is aimed at fixing disabled people when we all know it's employers that need fixing
Economic growth means bugger all if you cant put food on the table. Labour are making the same mistake the democrats did "markets are up vote for us". Means nothing if the common man is still worse off. Taxes or pitchforks are coming for the rich they can decide which
I assumed the idea with the OBR was that they would be there to keep the government honest, but if their projections are insane then are they achieving it?
The growth predictions are so low though, the government should be aiming to smash through them all.
#smokeandmirrors
Somebody should write a book about it. 🤔
Let's face it the budget is "OK". The losers aren't the ones that can easily bear the economic strain. Hoping there'll be mitigating wealth scrutiny soon to balance the burden.
Basically, you're blaming the victim for the actions of others.
This is why we need PR in this country, every major policy should go through the rigour of negotiation, not a simple dictat.
"The world has changed" yes it has, so why no discussion about the 4% GDP hit Brexit has enabled.
"Hard decisions" choosing to cut welfare and public services but leave bankers bonuses and wealth and asset alone
Labour aren’t convincing me that they are much better than Tory’s at the moment
reeves has not been back in to a corner here. she had other options. she chose austerity bcos she's in service of the wealthy and not the ppl.
They have an excellent growth rate
The idea that there was a better option feels very brexity.
Not sure "pure" has much to do with it but the total lack of services causes distress.
FWIW I’m probably currently politically homeless. I think there are better ways of raising income than punishing the disabled and elderly. Lib Dems are dead to me post 2010-15.
I dislike the idea amd abuse people are recieving for picking the only option.
The UC that put kids into poverty also did the same to two million pensioners people voted for that but WFA is now too far...
That option hasn`t existed in my lifetime
It puts them in the realm of 'show not tell', so the blanket response of 'realists' that progressive policies alienate voters doesnt apply- its whether they work.
It’s all down to Thatcher, it usually is. One of her biggest crimes was to make people selfish and self centred. That’s how politics works now.
Or is the stock market just going to look nice so some rich people cane get richer?
Surely not.
It’s our wretched press and media that refuse to own up to it.
Labour & Tory politicians know the huge cost as well but they both fear the damage Reform can do to their vote base.
The EU are pragmatists, and unlike the UK not hung up on soverignty.
If the UK asks for SM membership it will be granted quite quickly.
£=€1.89
23rd June 2016.
£=€1:45.
24th June 2016.
£=€1:25.
Mini budget £=€1:06.
27th March 2025
£=€1:20.
The £ has been up and down on exchanges by two or more cents since 31st January 2020.
This year EU Derivatives are to be removed.
🇪🇺🇮🇪
Just wait a few seconds.
If I wore a tinfoil hat, I would think there were civil servants who are determined to spin everything as bad, press that do the same and a bbc who are happy to run with it.
https://www.independent.co.uk/news/uk/politics/reeves-benefit-cuts-spring-statement-b2721998.html
Lettuce time for Reeves please.
Surely this is bigger news than future economic growth?
Honestly I'm sick to fucking death of how well the fucking stock market/economy is/will be doing when the poorest in society are getting shat on by a fucking Labour party.
And I even judged it to be far too optimistic of the OBR.
It's why they no longer have any credibility with the right-hand half of the IQ bell curve.
https://www.cnbc.com/amp/2024/11/05/uks-ultra-rich-feel-the-pinch-from-labours-tax-raising-budget.html
Nevermind! I will stand down and continue to be Embarrassed By The U.S. 🙃
UK MSM is as captured as its US counterpart
It won’t say anything positive about a Lab Govt that was never meant to happen in the original Bunga Bunga Brexit playbook
Just wait for them to start openly siding with TrumPutin over Ukraine
https://www.newstatesman.com/politics/economy/2022/05/why-british-state-is-magic-money-tree
https://youtu.be/FATQ0Yf0Fhc