We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Osborne Loses It - Our Triple A Rating And Its Future
Comments
-
Similarly, this isnt good for Labour either. Considering they are the party whose alternative to Tory austerity was spending, it suggests that under Labour the country would have lost their AAA rating sooner. This will give the chancellor and the Tories in general some ammunition to cut harder and faster and the two Eds will have no comeback that is worth listening to.Graham_Devon wrote: »From what I have seen on the news we've lost the rating because we haven't had enough austerity, and therefore haven't reduced the debts quick enough.
This is not good for Osborne no matter which way you cut it. So those who see it as an opportunity for labour should really stop confusing the issue as there is absolutely no need. This is about lack of austerity, not too much of it.
That's the reason Ed Balls actually said something different this morning and didn't say "cutting too far, too fast" as he usually does. I actually noticed he didn't say it for once!
Politically, for osborne, it isn't good. No matter what the reasons for the loss are, it happened on his watch and sometimes politics doesn't care why or how it happened, just who it happened under. It may be game over for him.
On a note attached to this news, I'm begining to wish the coalition would break up and force a general election which labour win. Labour are going to get a lot of undeserved praise over the next couple of years. Praise for doing absolutely nothing.
http://blogs.telegraph.co.uk/news/tobyyoung/100203992/note-to-labour-mps-stop-celebrating-now-moodys-downgrade-is-for-not-cutting-public-spending-fast-enough/0 -
Graham_Devon wrote: »Politically, for osborne, it isn't good. No matter what the reasons for the loss are, it happened on his watch
But GD everybody knew the UK was going to be downgraded. Was only ever a matter on time. Then Labour make the headlines withUK's credit rating cut humiliating, Labour says
I despair at the current state of British politics.0 -
Thrugelmir wrote: »But GD everybody knew the UK was going to be downgraded. Was only ever a matter on time. Then Labour make the headlines with
I despair at the current state of British politics.
The markets will already have priced in the loss, for now, no doubt?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Thrugelmir wrote: »I despair at the current state of British politics.
Yes.
As you say everyone knew it was a matter of time, so Osbourne continually making such a deal out of the AAA was rather stupid too.
Our two main choices for Chancellor currently are between the moron who was partly responsible for the mess we are in, and an idiot who appears not to have much of clue whatsoever.
Wonderful :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Yes.
As you say everyone knew it was a matter of time, so Osbourne continually making such a deal out of the AAA was rather stupid too.
Our two main choices for Chancellor currently are between the moron who was partly responsible for the mess we are in, and an idiot who appears not to have much of clue whatsoever.
Wonderful :eek:
A salesmen who wants to sell something. Doesn't say how crap the product is to their customer.
A negative talking chancellor would merely have caused a downgrade anyway.
As someone said about the media the other day with regards to football. Stories are made up to fill 24/7 new coverage. Much of which is a non event.0 -
Thrugelmir wrote: »A salesmen who wants to sell something. Doesn't say how crap the product is to their customer.
A negative talking chancellor would merely have caused a downgrade anyway.
He doesn't need to say how bad it is but he doesn't need to mislead either.
Do you go back if you know you have been miss sold?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
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.
Cable was all right, the other two :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Mr._Pricklepants wrote: »It was painful to watch him going confrontational with Hitchens about the armed forces, unable to remember what was said only moments earlier:o
They sunk to new depths with that panel
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I doubt the credentials of anyone that wants to go on Question Time. More and more it's about making a point well (to get a round of applause) - seems not to matter much what the point actually is.
The audience were not much better (apart from one of the questioners that I recognised
) that smug smile after they ask a stupid question 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Graham_Devon wrote: »From what I have seen on the news we've lost the rating because we haven't had enough austerity, and therefore haven't reduced the debts quick enough.
This is not good for Osborne no matter which way you cut it. So those who see it as an opportunity for labour should really stop confusing the issue as there is absolutely no need. This is about lack of austerity, not too much of it.
.
Really?
.In announcing the ratings cut, Moody's cited the "challenges that subdued medium-term growth prospects pose to the government's fiscal consolidation programme, which will now extend well into the next parliament"
http://www.bbc.co.uk/news/business-21554311'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards