Rachel Reeves: Quit Now the Tipping Point for Britain’s Economy is Here

[Chomper Higgot]

1 minute ago, The Cyclist said:

 

Sure she has, because the wealth creators are fleeing the UK

 

 

Is this your definition of " Good News "

 

 

 

That would be mentalism at its finest. Own it.

Wealth is created by people working.

 

Let them go to sub-Sahara Africa, create a bit of wealth there to show us all how it’s done.

[The Cyclist]

2 minutes ago, Will B Good said:

 

Something to do with Liz Truss?

 

I thought everyone with a UK Government Pension knew the significance of Septembers reading, and Liz Truss doesn't come into it.

[The Cyclist]

2 minutes ago, Chomper Higgot said:

Wealth is created by people working.

 

Let them go to sub-Sahara Africa, create a bit of wealth there to show us all how it’s done.

 

I believe that that the did in the Past, then the locals got a bit antsy and demanded independence. And Zimbabwe went from the bread basket of Africa, to the Basket Case of Africa, as but one example.

 

But I dont really expect you to know any of that, so lets get back to the thread.

 

FTSE 250

 

Quote

The FTSE 250 Index, also called the FTSE 250, or, informally, the "Footsie 250", is a stock market index that measures the real strength of the economy of the United Kingdom 

 

Not the FTSE 100 Chomper, the FTSE 250 for the UK.

 

How is that doing over the last 6 months ?
 

Does pretty flat, with a downward trend ( About 500 points ) sound about right to you ?
 

Come back when you have half a clue about what you are trying to talk about.

[BeastOfBodmin]

Has Sir Starver said Reeves has "his full support", or similar, yet?

 

When he does, we'll know her goose is cooked, or her lettuce wilted.

 

 

 

 

 

Mod Edit: removed deliberate misspelling of Keir

[The Cyclist]

57 minutes ago, BeastOfBodmin said:

Has Sir Kid Starver said Reeves has "his full support", or similar, yet?

 

When he does, we'll know her goose is cooked, or her lettuce wilted.

 

A Chief Political Commentator's take on it

 

Quote

Throwing her overboard would not be strong and decisive. It would look feeble and desperate. And also pointless, because her successor would be confronted with precisely the same dilemmas, and none of the mooted candidates would pursue a substantially different approach.

 

Quote

So prime minister and chancellor are lashed to the same mast and bound to the same hope that the gloom will be pierced by glimmers of higher growth. Whether it turns up will decide their entwined fates.

 

Andrew Rawnsley is the Chief Political Commentator of the Observer

 

https://www.theguardian.com/commentisfree/2025/jan/19/keir-starmer-rachel-reeves-economy

[Chomper Higgot]

2 hours ago, The Cyclist said:

 

I believe that that the did in the Past, then the locals got a bit antsy and demanded independence. And Zimbabwe went from the bread basket of Africa, to the Basket Case of Africa, as but one example.

 

But I dont really expect you to know any of that, so lets get back to the thread.

 

FTSE 250

 

 

Not the FTSE 100 Chomper, the FTSE 250 for the UK.

 

How is that doing over the last 6 months ?
 

Does pretty flat, with a downward trend ( About 500 points ) sound about right to you ?
 

Come back when you have half a clue about what you are trying to talk about.

My knowledge of European imperial history in Africa extends beyond the ‘Boys Own’ view that it was an act of generosity.

Anyway, back to Reeves, ‘Trickle Down’ is dead.

 
 

 

 

[The Cyclist]

34 minutes ago, Chomper Higgot said:

My knowledge of European imperial history in Africa extends beyond the ‘Boys Own’ view that it was an act of generosity.

Anyway, back to Reeves, ‘Trickle Down’ is dead.

 
 

 

 

 

Given that you did not know the difference between the FTSE 100 and the FTSE 250

 

Here it is again

 

Quote

The FTSE 250 Index, also called the FTSE 250, or, informally, the "Footsie 250", is a stock market index that measures the real strength of the economy of the United Kingdom 

 

How is that FTSE 250 over the last 6 months ?
 

Keep swinging like a Friday night drunk.

[BeastOfBodmin]

1 hour ago, Will B Good said:

Rachel Reeves: Quit Now the Tipping Point for Britain’s Economy is Here ….the Daily Torygraph on the money as usual…oh!… Wait…..

    •    The International Monetary Fund (IMF) has upgraded its forecast for the UK’s economic growth in 2025 to 1.6%, positioning it as the third-strongest among G7 economies, following the US and Canada. 

 

Inflation Rates:

    •    Inflation in the UK has moderated, with recent data indicating a decline to 2.5%. This decrease has alleviated pressure on the Bank of England and influence future monetary policy decisions.

If there are any reading this thread with a fact-checker mindset:

https://www.imf.org/en/Countries/GBR#ataglance

 

Quote

• 2025 Projected Real GDP (% Change) : 1.6*

 

The growth figure was updated from the previous 1.5% forecast, which is still in the spreadsheet mentioned below:

 

You can download the CPI data from here, but you have to update the 1.5% to 1.6% yourself.

https://www.imf.org/external/datamapper/PCPIPCH@WEO/OEMDC/GBR

 

You can download real GDP growth data from here:

https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/GBR

 

I combined the two spreadsheets and updated the IMF GDP projection from 1.5% to 1.6%

 

I got a headache trying to find the Gilt price data so I gave up.

 

I'm not sure if the numbers for 2024 are still projections (likely) or not. It's also difficult to know how much responsibility/ credit a government can take for inflation or GDP. I assume it's not known what the actual 2024 numbers are and the 2025 numbers are a projection. Note also the IMF predict essentially straight lines. It would be interesting to see how accurate their previous forecasts were.

 

Labour have been in power for about half of the year.

 

I conclude it's too early to see from IMF data what effect Labour have had on the UK economy, whether good or bad. In any case, neo-classical macroeconomic forecasting is not what one would call an exact science.

 

[BeastOfBodmin]

 

 

2 hours ago, The Cyclist said:

 

A Chief Political Commentator's take on it

 

 

 

Andrew Rawnsley is the Chief Political Commentator of the Observer

 

https://www.theguardian.com/commentisfree/2025/jan/19/keir-starmer-rachel-reeves-economy

For some reason the forum software doesn't want to quote your quotes. I will improvise...

 

2 hours ago, The Cyclist said:

Quote

Throwing her overboard would not be strong and decisive. It would look feeble and desperate. And also pointless, because her successor would be confronted with precisely the same dilemmas, and none of the mooted candidates would pursue a substantially different approach.

Then all the mooted replacement candidates have the same, wrong, ideas? Or is the UK in an economic situation that the Government cannot solve, irrespective the "solution" to the UK's economic problems?

 

Methinks Rawnsley thinks only in terms of politics (how things are made to look) and not in terms of reality.

[Chomper Higgot]

23 minutes ago, The Cyclist said:

 

Given that you did not know the difference between the FTSE 100 and the FTSE 250

 

Here it is again

 

 

How is that FTSE 250 over the last 6 months ?
 

Keep swinging like a Friday night drunk.

Can you produce your evidence that I don’t know the difference between the FTSE 100 And FTSE 250?

 

To my recollection I made no comment on the matter, but I do accept you might have imagined I had.

[The Cyclist]

9 minutes ago, BeastOfBodmin said:

Then all the mooted replacement candidates have the same, wrong, ideas? Or is the UK in an economic situation that the Government cannot solve, irrespective the "solution" to the UK's economic problems?

 

In fairness, it's a bit of both. 

 

The Government cannot solve the UK's economic woes, it can put in place policies to drive growth, and take steps to get a great big grip on Public Finances.

 

The problem that no Government wants to face, is that great big grip is not going to be pretty, it is not going to be nice and it is not going to be a vote winner, in the short term.

 

So the answer is kick the can down road and tread water, or slowly decline, whilst shouting soundbites.

 

Because they are unwilling to deal with the above, they cannot cut taxes to help deliver growth.

 

They, Both Labour and the Tories have created a self licking lollipop of managed decline, because non of them want to make / take the decisions that are actually needed.

[Chomper Higgot]

1 minute ago, The Cyclist said:

 

In fairness, it's a bit of both. 

 

The Government cannot solve the UK's economic woes, it can put in place policies to drive growth, and take steps to get a great big grip on Public Finances.

 

The problem that no Government wants to face, is that great big grip is not going to be pretty, it is not going to be nice and it is not going to be a vote winner, in the short term.

 

So the answer is kick the can down road and tread water, or slowly decline, whilst shouting soundbites.

 

Because they are unwilling to deal with the above, they cannot cut taxes to help deliver growth.

 

They, Both Labour and the Tories have created a self licking lollipop of managed decline, because non of them want to make / take the decisions that are actually needed.

What’s not a vote winner about taxing the rich and spending on public services?

[The Cyclist]

3 minutes ago, Chomper Higgot said:

Can you produce your evidence that I don’t know the difference between the FTSE 100 And FTSE 250?

 

To my recollection I made no comment on the matter, but I do accept you might have imagined I had.

 

Shift change ?
 

You should have checked what your predecessor posted before rattling the keyboard

 

Quote

Yet more good news doom fixated won’t like:

 

https://www.ig.com/uk/news-and-trade-ideas/ftse-100-hits-record-high--where-to-next--250117

 

 

What is the good news for the UK in the FTSE 100 hitting a record high. When the index that matters for the UK is the FTSE 250

 

Get a grip of your handler, his / her handover briefings are a shambles.

[sammieuk1]

Lord Alli please buy us some kevlar the knives are out from those awful christian far right normal folk 🤔

[The Cyclist]

1 hour ago, Chomper Higgot said:

What’s not a vote winner about taxing the rich and spending on public services?

 

I am unsure if you truly are stupid beyond imagination or you think you are being funny.

 

Either way, this is what happens when the tax the rich mantra gets trotted out

 

Quote

Labour’s ideological hatred of the wealthy has meant a record 10,800 millionaires left the country last year, 157% up on ‘23. Only China has lost more, according to research published by The Times.

 

They bug out, taking their money with them, and idiots then scratch their heads in disbelief that the tax take shrinks and there is no money to spend on Public Services.

[BeastOfBodmin]

1 hour ago, Chomper Higgot said:

What’s not a vote winner about taxing the rich and spending on public services?

In general, that would not be popular with Tory voters. Perhaps Reform supporters too.

[Chomper Higgot]

3 minutes ago, BeastOfBodmin said:

In general, that would not be popular with Tory voters. Perhaps Reform supporters too.

They didn’t win the election.

 

And I’m not sure Reform voters would be entirely adverse to the idea, though Farage himself might object.

[Will B Good]

4 minutes ago, The Cyclist said:

They bug out, taking their money with them, and idiots then scratch their heads in disbelief that the tax take shrinks and there is no money to spend on Public Services.

 

They are nearly all non-domiciled tax dodgers, so have no real impact on the tax take.

 

Good riddance to them and their inflationary impact London property prices.

[youreavinalaff]

1 hour ago, Chomper Higgot said:

What’s not a vote winner about taxing the rich and spending on public services?

How much salary/wealth would one need to have to fit your idea of "rich"?

[Chomper Higgot]

17 minutes ago, youreavinalaff said:

How much salary/wealth would one need to have to fit your idea of "rich"?

Most of the mid career professionals I’ve worked with over the past ten years are earning salaries north of £150K per annum, several I know have assets of around £2million, they are not even close to my idea of being rich.

 

[youreavinalaff]

1 hour ago, Chomper Higgot said:

Most of the mid career professionals I’ve worked with over the past ten years are earning salaries north of £150K per annum, several I know have assets of around £2million, they are not even close to my idea of being rich.

 

As usual, you have failed to answer my question.

[youreavinalaff]

2 hours ago, Will B Good said:

 

They are nearly all non-domiciled tax dodgers, so have no real impact on the tax take.

 

Good riddance to them and their inflationary impact London property prices.

Being Non Dom doesn't make one a tax dodger.

[Chomper Higgot]

6 hours ago, youreavinalaff said:

As usual, you have failed to answer my question.

My answer does at least provide enough information for you to be able to decide if you yourself are anywhere near my definition of ‘rich’.

 

 

 

[youreavinalaff]

10 minutes ago, Chomper Higgot said:

My answer does at least provide enough information for you to be able to decide if you yourself are anywhere near my definition of ‘rich’.

 

 

 

You've not given a definition of what you consider rich.

 

 

[Chomper Higgot]

5 minutes ago, youreavinalaff said:

You've not given a definition of what you consider rich.

 

 

Unless you earn over £150K per year and have assets of over £2 million you have no need to be concerned about my definition of ‘rich’.

 

Which in any case plays no part in Government taxation plans.

[The Cyclist]

10 hours ago, Will B Good said:

They are nearly all non-domiciled tax dodgers, so have no real impact on the tax take.

 

Was Charlie Mullins a non-domiciled tax dodger ?
 

I think the above sentence would need clarification

 

10 hours ago, Will B Good said:

Good riddance to them and their inflationary impact London property prices.

 

When I were lad, London Property prices were out of kilter with the rest of the Country, Rich people, including non-doms, in the main, do not price normal people out of the housing market.

 

For normal people, the inflationary impact comes from too much immigration. Basic Supply and demand.

[BeastOfBodmin]

13 hours ago, Chomper Higgot said:

They didn’t win the election.

 

And I’m not sure Reform voters would be entirely adverse to the idea, though Farage himself might object.

I was taking you literally. Some would vote for it, others not. I even checked the Lib Dem's position and it seems they would be for taxing then spending on public services. Like you, I think the majority of voters would go for it.

[Chomper Higgot]

3 hours ago, The Cyclist said:

 

Was Charlie Mullins a non-domiciled tax dodger ?
 

I think the above sentence would need clarification

 

 

When I were lad, London Property prices were out of kilter with the rest of the Country, Rich people, including non-doms, in the main, do not price normal people out of the housing market.

 

For normal people, the inflationary impact comes from too much immigration. Basic Supply and demand.

The inflationary impact comes from housing being used as an investment vehicle.

 

Governments have been reluctant to build houses to meet demand as this would undermine the value of houses owned by people who vote.

[The Cyclist]

4 minutes ago, Chomper Higgot said:

Governments have been reluctant to build houses

 

Since when did Governments build houses ?
 

Do you mean Local authorities / councils ? Like these

 

Quote

More than a quarter of English councils expect to have to sell homes to balance their housing budgets while over a third have cut back on repairs and maintenance in what has been described as a crisis in social housing finance.

 

It's from that well known Right Wing Rag, AKA the Guardian

 

https://www.theguardian.com/society/2025/jan/19/quarter-of-english-councils-may-have-to-sell-homes-to-balance-books-study-finds

 

How is that 1.5 million new homes promise going ?

 

Have we been building the 850 a day needed to meet the target, or are we already 7 months behind schedule ?

[Chomper Higgot]

5 minutes ago, The Cyclist said:

 

Since when did Governments build houses ?
 

Do you mean Local authorities / councils ? Like these

 

 

It's from that well known Right Wing Rag, AKA the Guardian

 

https://www.theguardian.com/society/2025/jan/19/quarter-of-english-councils-may-have-to-sell-homes-to-balance-books-study-finds

 

How is that 1.5 million new homes promise going ?

 

Have we been building the 850 a day needed to meet the target, or are we already 7 months behind schedule ?

It’s underway.

 

The bit where the Government overrides the NIMBY crowd to build the houses the National needs is going to interesting.

Brace for incoming outrage from the same people who argue for getting rid of regulations.