Starmer admits he’s frustrated by his first year in power.

Define food. If you are a Zionist?
Not if you oppose genocide

Honest?
The man who said he’d allow a broad church in the LP as leader!
Hes not to be trusted
Instrumental in extradition of Julian Assange
A liar. And a hypocrite

jobieP

Angela Rayner. Quote" I did everything proper." Unquote

Is this aimed at Angela’s northern speech or a suggestion she’s fibbing-both I expect

Oreo

I agree he’s a good man too, unfortunately for us just not a good PM.

So far he’s proved to be a very weak PM, talking a lot then not following through, that is very worrying

Angela Rayner. Quote" I did everything proper." Unquote

Jeannied

Elegran

I'm not surprised he is frustrated. He does a lot of research, consults a lot of people, works out what will give a long-term effect (and isnt a quick fix or unaffordable), then puts it up for discussion - and is blasted by people who see only their own corner of the problem and think that a different political party will improve their life with a magic wand.

Wow! He is crippling the country, treating us like the residents of North Korea, and that is your response. There is not one qualified person on the front bench, none of whom have a clue.

treating us like the residents of North Korea

In exactly which ways, Jeannied?

Do we have prison camps for dissenters, are prisoners tortured or executed?
Can you leave the country if you wish?
Have you or your family spent time in a forced labour camp or been conscripted?
Are you suffering from malnutrition due to being unable to access food?

Starmer has a long way to go to emulate Jim Jong Un.

I agree he’s a good man too, unfortunately for us just not a good PM.

Elegran

I'm not surprised he is frustrated. He does a lot of research, consults a lot of people, works out what will give a long-term effect (and isnt a quick fix or unaffordable), then puts it up for discussion - and is blasted by people who see only their own corner of the problem and think that a different political party will improve their life with a magic wand.

I quite agree, he's a good man doing a difficult job at a difficult time

Agree!

And now, surprise surprise Farage isn’t in parliament or Clacton but in America bad mouthing this country. How patriotic is that…I’ll always remember when Farage made a rare appearance at the EU parliament (when he was representing our fishermen but never bothered to go to any meetings) and someone held up a placard behind him saying ‘he’s lying’. Nothing before or since has ever summed him up so well.

Farage has done his absolute utmost to belittle Starmer and has spent his time as an MP stirring up as much racial hatred as possible, blaming migrants for absolutely everything and failing his constituency.

I understand Starmer’s frustration, I think many of us share it for a myriad of reasons.

Unlike Trump, he’s not made statements like “stopping wars in a week”.

For me, his biggest failing isn’t failing to act, but failing to properly communicate to the voting public what’s already going to be done, and how things will move in the future.

Getting a grip is simple. Cut all benefits. Stop the attractions of coming here. Job done.

Elegran

I'm not surprised he is frustrated. He does a lot of research, consults a lot of people, works out what will give a long-term effect (and isnt a quick fix or unaffordable), then puts it up for discussion - and is blasted by people who see only their own corner of the problem and think that a different political party will improve their life with a magic wand.

I couldn't agree more. Especially as he recieved a "poisoned chalice" from the previous long term government.

Starmer has caused more damage in 14 months than the Tories did in 14 years. OMG you must like living in a Gulag

Elegran

I'm not surprised he is frustrated. He does a lot of research, consults a lot of people, works out what will give a long-term effect (and isnt a quick fix or unaffordable), then puts it up for discussion - and is blasted by people who see only their own corner of the problem and think that a different political party will improve their life with a magic wand.

Wow! He is crippling the country, treating us like the residents of North Korea, and that is your response. There is not one qualified person on the front bench, none of whom have a clue.

FGT 100% I ME AGREE
People voted ( not me ) for this lot now reap what you sow

Correction: Sir Starmer became leader in 2020 - not 14 years ago.

Starmer stated he would do everything " at a pace".
He over promised and under delivered big time.

I bet he is by what he inherited. It will take more than 12 months to repair the damage done by 14 years of government by the Tories.

Attention on sterling has come quickly after the holiday Starmer has got to get control of the economy and his own MPs, or any hope of growth goes out of the window. The general opinion is that he needs to find £35 billion quickly, the real issue is do the finance markets believe he will stick to any plan after so many U turns.

Thanks for the explanation MaizieD my TV/Radio consumption has been rather child centric the last six weeks.

GrannyGravy13

There has definitely been a wall of silence around Gilts rising…

Whose 'wall of silence?'. It's on the BBC news and in the FT.

It's not the interest on gilts that has gone up, it's the 'yield', which is different. The government won't have to pay any extra interest on bonds currently in existence, just the interest rate they sold them with. So its costs won't be any more than usual unless the Treasury issues more gilts at a higher interest rate. Which, frankly, it would be very stupid to do.

The 'yield' is calculated on the bond prices on the secondary market. A £100 bond sold for £100 with a 4% interest rate will have a yield of £4 in interest, i.e 4%. If the bond sells at a lower price on the secondary market, say for £90, then the £4 interest received will represent a (slightly) higher return on your £90 than it would have done had you bought the bond at full price, £100. This will be a higher percentage of £90 than it would have been of £100.

It's taken me a long time to get my head round this.

The alarmist stories are being told because it is assumed that the government must get revenue from bond sales or tax. The third and obvious option isn't considered.

If there is no option but to issue more bonds the theory is that they must offer a higher interest rate on them to make them attractive to investors. That's where an increase in the cost of 'borrowing' would come from.

If the government needs more money it can 'borrow' directly from its own bank, the Bank of England. It doesn't have to 'borrow' via bonds and gilts.

BTW one of the reasons that bond prices are low on the secondary market is that the Bank of England, for some completely unfathomable reason, has been selling off the bonds that it b'ought' for QE. They've been flooding the market a bit. It was that, incidentally, that did for Liz Truss. Not her budget plans.

FriedGreenTomatoes2

So are we.

I suppose many are. Frustrating innit?

MaizieD

Allira

FriedGreenTomatoes2

Today the UK economy is struggling from lack of growth, over-taxation and apparently the increasing reluctance of the bond market to lend the government the large sums it wishes to borrow.

The Autumn Budget better be good.

We're having a bit of a spending spree before then.
All necessary updates and maintenance on the house, nothing frivolous although I might buy some new winter clothes and boots!

Of course, Ms Reeves might reduce VAT after we've done that

Well, that will be good, Allira because your spending will contribute to increased GDP. You're fortunate to have the spare money to spend.

Sadly a great many people are only just managing or are living below the bread line and I don't think Reeves will do anything to help them.

You're fortunate to have the spare money to spend.
Yes, we fortunate after a lifetime of both working hard, even though I mhad to give up early due to ill health, to have a little bit put on one side but allowing the house to go to rack and ruin wouldn't be a good idea so the money should be well-spent. DH is keen on planned maintenance. Besides which, we have not been on a holiday, apart from one weekend away, since 2019.

Allira

FriedGreenTomatoes2

Today the UK economy is struggling from lack of growth, over-taxation and apparently the increasing reluctance of the bond market to lend the government the large sums it wishes to borrow.

The Autumn Budget better be good.

We're having a bit of a spending spree before then.
All necessary updates and maintenance on the house, nothing frivolous although I might buy some new winter clothes and boots!

Of course, Ms Reeves might reduce VAT after we've done that

Well, that will be good, Allira because your spending will contribute to increased GDP. You're fortunate to have the spare money to spend.

Sadly a great many people are only just managing or are living below the bread line and I don't think Reeves will do anything to help them.