“Unsackable” Jeremy Hunt looks set to stay as chancellor as Rishi Sunak eyes a Cabinet reshuffle while striving desperately to cut inflation eating into cash-strapped households’ budgets.

The Bank of England opted to raise interest rates for a 14th consecutive time to a new 15-year high of 5.25 per cent on Thursday, inflicting further pain on mortgage holders and other borrowers as it seeks to stem rising prices.

 

Despite the central bank’s new forecasts suggesting that interest rates will remain above 5 per cent for at least two years, they also brought good news for the prime minister by indicating that he will hit his key target of halving inflation by the end of the year.

 

But the fragility of the UK economy will weigh heavily on Mr Sunak’s mind as he is said to be planning his second reshuffle since entering No 10.

According to The Times, colleagues are said to believe Mr Hunt is “unsackable” as chancellor, following the market chaos sparked by the turbulence of his predecessor Liz Truss’s disastrous mini-Budget, which saw her fire her chancellor and close political ally Kwasi Kwarteng.

 

FULL STORY

Bring it on.

This is what is known as rearranging the deck chairs on the Titanic.

 

The prevalence of low-rent political hacks throughout the British parliament is an ongoing disaster with no end in sight.

 

Perhaps the UK should join the Commonwealth of Independent States, so that its ramshackle incompetence and venality does not stand out.

Don't waste your time Rishi. Just sit back, roll a fat one and wait for Labour to implode just in time for the next election, like they always do.

 

The Labour Party - Specialists in failure.

9 hours ago, JonnyF said:

Don't waste your time Rishi. Just sit back, roll a fat one and wait for Labour to implode just in time for the next election, like they always do.

 

The Labour Party - Specialists in failure.

Pure projection.

 

The Tories are nose diving.

14 hours ago, Chomper Higgot said:

Pure projection.

 

The Tories are nose diving.

It's a shame for Labour the election isn't today.

 

There's plenty of time for them to snatch defeat from the jaws of victory. Again...

5 hours ago, JonnyF said:

It's a shame for Labour the election isn't today.

 

There's plenty of time for them to snatch defeat from the jaws of victory. Again...

Plenty of time for home owners to move off their fixed term mortgage interest payments onto the new very much higher rates.

 

Plenty of time for the NHS backlog to grow bigger.

 

Plenty of time for more Government failures, more Tory sleaze and as Tory MPs see their seat at risk, Tory infighting.

 

 

 

2 hours ago, Chomper Higgot said:

Plenty of time for home owners to move off their fixed term mortgage interest payments onto the new very much higher rates.

 

Plenty of time for the NHS backlog to grow bigger.

 

Plenty of time for more Government failures, more Tory sleaze and as Tory MPs see their seat at risk, Tory infighting.

 

 

 

Let's wait and see.

 

I mean after months of deliberation Starmer has finally worked out what a woman is so with his new found insight let's give him another decade and he might come up with some sensible ideas for the economy. 

 

https://www.dailymail.co.uk/news/article-12341781/Keir-Starmer-finally-accepts-woman-adult-female-Labour-leader-confirms-party-U-turn-gender-self-identification-admits-policy-not-right-way-forward.html

 

 

On 8/7/2023 at 7:54 AM, JonnyF said:

Don't waste your time Rishi. Just sit back, roll a fat one and wait for Labour to implode just in time for the next election, like they always do.

 

The Labour Party - Specialists in failure.

Theyi always do? So there's never been a Labour govt? Hyperbole much?