The Uk economy

MaizieD

The 'feud' is not of Starmer's making, David.

Please don't present it as such. It isn't a feud, it is a megalomaniac interfering with the domestic affairs of another country. A megalomaniac who actually wants to remove our democratically elected PM...

👏👏👏👏👏

"Starmers feud with Musk . . " What feud?

An unelected wannabee "power-broker" in another country bombarding an elected PM with criticism in the hope that enough of it will stick to cause him to be removed from office, while the said PM refuses to be drawn into a slanging match, is not a "feud"!

In particular, it is not Starmer's feud. I suppose it could just be possibly labelled as "Musk's feud with Starmer", as it seems that Musk is obsessed with the UK's PM.

Housing Associations will buy some, availability of mortgages will regulate prices and interest rates will regulate the price buyers can afford. If the new houses don’t sell builders stop work.

Wait until April before assessing the housing market.

"The housing market is almost dormant. Exactly who is going to buy all the houses the government are going to insist LAs get buits is anyone's guess, and how LAs get developers to build houses they cannot sell is also not addressed." M0nica

If no-one is buying, perhaps supply and demand will mean that their prices will lowered and more people will be able to afford them, so that there will be less pressure on the queues for rented social housing? Perhaps LA will even be able to buy them (or have them built) to rent?

I look at the front page of the papers every morning on I player Maizie and it was there, and I can enlarge to read the full article. Just further disgusted that people can sit and applaud this man who is trying to wreck our economy and well being generally by stirring rouble.

Thanks, Wyllow. I'm relieved to find that someone else, at least, reads the FT

The 'feud' is not of Starmer's making, David.

Please don't present it as such. It isn't a feud, it is a megalomaniac interfering with the domestic affairs of another country. A megalomaniac who actually wants to remove our democratically elected PM...

MaizieD

It appears that the Financial Times thinks that Musk is plotting to have Starmer removed from office. the story is behind a paywall I'm afraid:

www.ft.com/content/dd4b066c-30a1-4ce4-a95e-82c334a740cf

This is a snippet from it:

Elon Musk has privately discussed with allies how Sir Keir Starmer could be removed as UK prime minister before the next general election, according to people briefed on the matter.

Musk, the world's richest man and key confidant of US president-elect Donald Trump, is probing how he and his rightwing allies can destabilise the UK Labour government beyond the aggressive posts he has issued on his social media platform X, the people said.

That's a fun idea, isn't it...

There is no particular reason why sterling and the price of government bonds (on the secondary market) should have fallen so sharply; either bond traders have taken a collective panic fit (which is not unknown) or they have been influenced by someone or something...

Of course, Musk doesn't understand how our constitution works and thus that the parliamentary majority enjoyed by Labour more or less guarantees its continued hold on government. If anyone is likely to go it's our incompetent Chancellor, not the PM.

Yes, I saw that in the FT today. So much for people talking about how wonderful he is for bringing things up..

His feud? Like, what did Starmer do to create it?

Much the same story with the Euro, after the Christmas/new year break, it’s the speculators testing the market, there doesn’t need to be any logic.
Their only aim is to make money short selling, we will see what happens Monday, Starmers feud with Musk does not help one bit.

Reeves is off to China to presumably negotiate us taking even more of their rubbish goods in exchange for them taking a fraction of ours, which they can then copy before selling them back to us Meanwhile back here, its all going swimmingly, pounds falling in value against the dollar and the euro, businesses are cutting back on hiring and will have to hike their prices, once prices rise there will be demands for pay rises to keep pace, inflation will be up, there's still a dire shortage of housing, that most people can't afford, gas supplies are concerningly low. Other than that it's all good and we can sleep safely now the adults are in the room and determined to grow the economy.

It appears that the Financial Times thinks that Musk is plotting to have Starmer removed from office. the story is behind a paywall I'm afraid:

www.ft.com/content/dd4b066c-30a1-4ce4-a95e-82c334a740cf

This is a snippet from it:

Elon Musk has privately discussed with allies how Sir Keir Starmer could be removed as UK prime minister before the next general election, according to people briefed on the matter.

Musk, the world's richest man and key confidant of US president-elect Donald Trump, is probing how he and his rightwing allies can destabilise the UK Labour government beyond the aggressive posts he has issued on his social media platform X, the people said.

That's a fun idea, isn't it...

There is no particular reason why sterling and the price of government bonds (on the secondary market) should have fallen so sharply; either bond traders have taken a collective panic fit (which is not unknown) or they have been influenced by someone or something...

Of course, Musk doesn't understand how our constitution works and thus that the parliamentary majority enjoyed by Labour more or less guarantees its continued hold on government. If anyone is likely to go it's our incompetent Chancellor, not the PM.

The economy is in a bad state. It's not irretrievable, but Reeves is not the person to retrieve it. Neither are any of the other UK political parties, they all follow much the same economic beliefs.

Can't say anything to cheer you up I'm afraid, fancythat.

Claremont

it is- but it wasn't trashed by Labour- it was trashed by 14 years of Cons, and a very short spell of Liz Truss.

Sterling is currently at its lowest ever.

No,
The exchanges closed at £1.21 against the dollar after steadily falling this week
Lowest ever in recent times ( ever?) was £1.08 during Brexit and Truss times.

Worries about UK inflation and have and is Labour’s plan going to work, we don’t need any more bad financial news.

I was hoping that Gnetters were going to cheer me up!
That is what has happened in the past on here.

I think uh oh about the economy, and get some sense of balance talked back into me.

It is currently in a bad state. The pound has fallen to its lowest level in over a year, while UK borrowing costs hit their highest for 16 year and if it is to service its debts and not borrow more to fund routine expenditure, it is going to need to raise taxes or cut spending.

As a result business confidence is low, share prices, even of successful companies like M&S are falling. International trust in our economy is low and the antics of Trump and Musk are not helping.

The housing market is almost dormant. Exactly who is going to buy all the houses the government are going to insist LAs get buits is anyone's guess, and how LAs get developers to build houses they cannot sell is also not addressed.

The plus signs? well most of the supermarket and food retailers had a good Christmas, increased sales and profits, Sainsburies is giving its staff above inflation pay rises, but is cagy about hiring more staff. If you have a job, hold on to it tightly.

it is- but it wasn't trashed by Labour- it was trashed by 14 years of Cons, and a very short spell of Liz Truss.

Sterling is currently at its lowest ever.