The IMF has stepped in to warn the U.K. government

Fleurpepper

Whitewavemark2

One thing that the BoE is worrying about are the pension trusts which are under enormous pressure.

Yes, this is truly worrying for our age group. And if the IMF had not intervened, it might well have felt like Armageddon, despite what someone said on GN this morning.

And same for our ACs and GCs- who see their mortage now refused, or going up hugely, just as energy and other prices continue to rise and rise.

Even though I haven’t got a massive pension I was feeling quite happy that I could help my kids out a bit if necessary so it was a shock to realise that my pension might be at risk.

RichmondPark1

An Australian journalist yesterday, "Having shot itself in both feet with Brexit, sorry old England is moving on to knee-capping."

Um, he or she needs to realise it's the whole of the UK not just England!
A common mistake in Australia though.

He’s right though isn’t he?

Brexit was the first severe hammer blow to the U.K. no other country in the world has turned on itself in such a way before.

Next we’ve had the energy crises, made worse by government policy. Domestic households and businesses are struggling and many will not survive.

Then we’ve had a major mortgage crises which effects we are yet to see, made worse by government policy.
Many young families will not survive this enormous shock, and will be made homeless. Our housing position is so bad that there will be nowhere they can be housed.

Then we had a pension crises which threatened to knock 1tn of the pension funds, as a result of government policy. The BoE has thankfully stepped in to save us all penury in our old age.

That was just in less than 1 week.

The thing is all this mayhem will have a bill and the government will have to foot it. On the basis that they don't have any money, just our money, we will all pay in the end. The next action will be massive cuts to public services. This will actually fit in with their agenda of small state. It's obscene.

Just reading that they are threating cuts to benefits. To pay for tax cuts to the rich? Seems that they actually want public unrest.

He’s right though isn’t he?
No, he's not right.
Brexit affected not just England.
This is not just affecting England.

It's a misconception that the whole of the UK is in England.
Ok, it's pedantic but this person is a journalist.

Daisymae

The thing is all this mayhem will have a bill and the government will have to foot it. On the basis that they don't have any money, just our money, we will all pay in the end. The next action will be massive cuts to public services. This will actually fit in with their agenda of small state. It's obscene.

^ On the basis that they don't have any money, just our money, we will all pay in the end.^

You a re completely wrong about this, DaisyMae, but I'm not sure I have the will to go through it all again..

Callistemon21

^He’s right though isn’t he?^
No, he's not right.
Brexit affected not just England.
This is not just affecting England.

It's a misconception that the whole of the UK is in England.
Ok, it's pedantic but this person is a journalist.

Of course he is wrong about England that hardly needs to be said I would have thought. ?

The fact that the journalist was wrong about England doesn't make the sentiment incorrect.

Whitewavemark2

Callistemon21

He’s right though isn’t he?
No, he's not right.
Brexit affected not just England.
This is not just affecting England.

It's a misconception that the whole of the UK is in England.
Ok, it's pedantic but this person is a journalist.

Of course he is wrong about England that hardly needs to be said I would have thought. ?

It's something that has to be explained frequently when over there but you'd think a journalist would get it right.

RichmondPark1

The fact that the journalist was wrong about England doesn't make the sentiment incorrect.

It doesn't, no.

But the unforeseen consequences do not affect just England and his ignorance perpetuates the myth.