Osborne Loses It - Our Triple A Rating And Its Future

PaulF81

StevieJ wrote: »

I suppose she had to pave the way for a flood of immigrant workers to undermine the lot of the British workforce

More troikist rubbish.

PaulF81

Thrugelmir wrote: »

There's no control over imported product prices. So inflation of the bad kind will be around for some time.

Given there's no productivity growth in the UK (not GDP but output per head). Little sign of good inflation at the moment.

Often gets overlooked that there are 2 kinds.

Time to ignore those green twonks and fire up a few more coal fired power stations like drax then.

grizzly1911

Screwed either way in the short/medium term

The Treasury’s independent Office for Budget Responsibility said last year that the loss of Britain’s AAA credit rating might not have much impact on the public finances.....

The agency also suggested that slowing down the deficit-reduction programme could lead to another downgrade.

“Moody's could also downgrade the UK's government debt rating further in the event of an additional material deterioration in the country's economic prospects or reduced political commitment to fiscal consolidation,” it said.


http://www.telegraph.co.uk/finance/economics/9889432/Osborne-vows-to-stick-to-Coalitions-economic-plan-despite-loss-of-Britains-triple-A-credit-rating.html


Good old OBR making some more wooly predictions. At leat Ozzie can blame them if it does have an impact.



In the light of the US action against Standard & Poors it begs the question of confidence in the agencies.

Thrugelmir

PaulF81 wrote: »

Time to ignore those green twonks and fire up a few more coal fired power stations like drax then.

Not so sure.

Policy
Reducing the UK’s greenhouse gas emissions by 80% by 2050

https://www.gov.uk/government/policies/reducing-the-uk-s-greenhouse-gas-emissions-by-80-by-2050/supporting-pages/carbon-budgets

PaulF81

Thrugelmir wrote: »

Not so sure.

Policy
Reducing the UK’s greenhouse gas emissions by 80% by 2050

https://www.gov.uk/government/policies/reducing-the-uk-s-greenhouse-gas-emissions-by-80-by-2050/supporting-pages/carbon-budgets

Lets tear those agreements up and get digging open cast in the north. Desperate times, desperate measures.

grizzly1911

Thrugelmir wrote: »

Not so sure.

Policy
Reducing the UK’s greenhouse gas emissions by 80% by 2050

https://www.gov.uk/government/policies/reducing-the-uk-s-greenhouse-gas-emissions-by-80-by-2050/supporting-pages/carbon-budgets

I thought when Blair(?) signed up originally for stupid targets he was blamed for not understanding what he was doing and that he had been hoodwinked.

Here are reaffirming another bonkers target.

I guess we just continue export the dirty stuff to the developing workld and cripple ourselves further with costs to save our 80% of the 2%(?) of what we produce.

grizzly1911

PaulF81 wrote: »

It's more the fault of 70 year olds who expect NHS treatment to keep them going far beyond the natural order (say 90 plus as a minimum) and at the same time, expect to receive 800 quid per month in state pension per couple.

But apparently that's not discuss able on here, as its all the yoofs fault, the same yoof that have been left a 1 trillion pound debt by their parents and grandparents. That doesn't include the OAP care they expect when probably the most humane thing they should expect for both their quality of life and the long term well being of the nation is 'the needle'.

As I pointed out just yesterday the average age of death is something lke 77 and 82 so yes a few may make it to say 90 to keep your hyperbolic nonsense going.

800 pound is only payable to a couple as you point out with a minimum of 40 years contributions to the system. By the time you reach mid 70s a good proportion will be widowers/widows subsisting on £105 ish per week.

You will now tell me they didn't pay enough in. Funnily enough the generations before them didn't either. There are of course many that fail to even reach pensionable age have fully contributed at the prescribed rate.

DecentLivingWage

So Osborne becomes a DownGrade Denier - I see they are out in force this morning in media but tellingly The Telegraph says different about the danger

http://blogs.telegraph.co.uk/news/iainmartin1/100203982/osborne-staked-everything-on-aaa-this-downgrade-is-a-disaster-for-him/

Says its politically toxic for him as he 'Bet The Farm' on his plan to maintain triple a raring

Wookster

Thrugelmir wrote: »

So we've the only the same rating as the USA now....... :think:


Thought question time was telling last night.

Cons - Heseltine
Libs - Cable

Labour - Diane Abbott


:rotfl::rotfl:

Duck out of water with those 2 heavyweights. Showed how afraid Labour are of the economy as an issue.

I saw that. She was just embarrassing. I really hope labour get in at the next election and complete the work they started.

Moby

Thrugelmir wrote: »

So we've the only the same rating as the USA now....... :think:


Thought question time was telling last night.

Cons - Heseltine
Libs - Cable

Labour - Diane Abbott


:rotfl::rotfl:

Duck out of water with those 2 heavyweights. Showed how afraid Labour are of the economy as an issue.

Deluded. Heseltine is now a shadow of his former self.:rotfl: