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Johnson’s speech

(38 Posts)
Whitewavemark2 Thu 07-Oct-21 03:50:15

Seems it went down like a lead ballon outside of his adoring fans.

Business leaders called it “Vacuous and Bombastic”

They argued that Johnson’ speech whilst peppered with silly jokes contained no coherent economic plan. There was no mention of the existential crises of shortages facing us this winter nor the fact that the cut in U/C, and the rise in tax together with the eye watering rise in gas prices will effect the poor very badly.

The CBI chairman warned that the vision of high skills and high wage economy is very laudable, but it cannot be achieved without an increase in productivity, and there was no mention at all as to how this would be kick started. Businesses have a huge amount on their plates from the affects of covid and the collapse in trade to the EU. To ask them to now invest to increase productivity is an almost impossible task at this point.

Without that we are simply looking at high inflation leading us nowhere.

There is almost certainly going to be a steep rise in the cost of living this winter. At the beginning of this year gas prices were at 60 p per therm. On Wednesday they were at 400p. They have fallen back a little to 257p per therm after aPutin promised to increase supply, but according to the price compare companies price rise of £800 cannot be ruled out. There is already baked into the system price rises at every level particularly in food.

Councils are also warning of a rise in council tax of upmton£220 within the next three years to pay for social care reforms. So where I wonder is our extra tax we are paying going to?

And to top it all Quality Street is having supply issues.

PippaZ Thu 07-Oct-21 08:49:57

Whitewavemark2

A governments job is to provide food security, energy security etc

It is doing none of these

Very true.

From the right-wing Spectator.

But a gas shortage will cause huge disruption to the economy, widespread shortages and a political crisis from which even the Johnson administration, with its formidable ability to bounce back, may not recover.

Tizliz Thu 07-Oct-21 08:53:16

I turned Radio Scotland off as the MP being interviewed would not / could not answer the presenter and just waffled. No information at all.

Whitewavemark2 Thu 07-Oct-21 08:55:39

Adam Smith institute - right wing think tank.

Johnson’s economic are illiterate.

PippaZ Thu 07-Oct-21 09:14:30

I think he believes that disruption will get him what he wants. It would be nice if we knew what that was. We know he lies to set up his next move (bendy bananas, etc.,) so where are his lies taking us now?

The problem with throwing everything up in the air - which he has done and is doing - is you have no idea where they will land. Our lives will become so precarious. Villians will certainly make hay out of the chaos. I do appreciate that will be okay with some of the Conservatives on here. But we also know who is going to suffer most and they don't seem to care about that, sadly - unless it's them of course.

Scones Thu 07-Oct-21 10:14:51

Disruption might be the aim as there's money to be made out of chaos.

This book tells you how to do it. It's co-written by the father of someone Boris Johnson knows very well. Ever wonder why Mogg wanted Brexit? His business made millions out of Brexit. Text book result.

MaizieD Thu 07-Oct-21 10:30:20

Whitewavemark2

Adam Smith institute - right wing think tank.

Johnson’s economic are illiterate.

Problem is, the Adam Smith Institute's economics are illiterate, too... wink

Whitewavemark2 Thu 07-Oct-21 10:43:13

Takes one to know one.

Whitewavemark2 Thu 07-Oct-21 10:45:01

Mind you it isn’t just the Adam Smith is it? Many others agree with the opinion.

BigBertha1 Thu 07-Oct-21 10:49:06

I quite enjoyed the speech but not Starmer's. Funny really I vote labour but I thought Boris speech more hopeful and I like his witticism. No hope for me I suppose. No doubt DD2 will need to put me straight.

Whitewavemark2 Thu 07-Oct-21 10:57:51

Interesting those most vociferous in their support for Brexit are beginning to be the loudest critics.

PippaZ Thu 07-Oct-21 10:59:35

.... the Adam Smith Institute describing the speech as economically illiterate, echoed by other right-wing think tanks like the Taxpayers' Alliance and Institute for Economic Affairs. Businesses are describing the speech as incoherent, and have accused the Prime Minister of treating them like a "bogeyman" over labour shortages.

The above is from the New Statesman morning email. They don't seem to like it on the Right.

Whitewavemark2 Thu 07-Oct-21 17:02:20

Bloomberg is reporting that traders are bracing themselves for a fall in the price of sterling and stock traders are preparing for a bear market, which bears (sorry) out what economists are expecting to happen with after the illiterate speech waffled by our clown leader.

Traders are expecting to see a 10% decline this winter. Inflation is eroding buying power and topped 4% on Wednesday the highest since 2008.

The winter is looking very difficult.