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  1. #11
    Master Witton Park's Avatar
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    Quote Originally Posted by Wheeze View Post
    Has Labour actually got any policies that are radically different? They seem awfully cautious given the open goal they've got at the moment? I suspect the truth is that neither party wants to incur the wrath of the hidden power base of the country...the financial markets. Look at how quickly they disposed of the Pork Marketeer and her balmy financial policy....wilted faster than a lettuce! The only time in my voting memory that I can recall someone significantly altering the dial was when Blair steered Labour to the middle ground. And there they remain despite the efforts of Corbyn et al. With everyone fighting for the middle, there's no room left which may explain why Farage has decided to exhume himself and lay claim to the right wing (which cuts across the social divide).
    Being as I love spitfires but hate warm beer, I guess I'm one of Wittons 20 percenters!
    I'm not so sure Blair took the centre ground.

    I did at the time, but he was a Trot in his youth and looking back now, he turned this country upside down.

    By the way, The Truss budget, I take it you mean barmy. I think it was pretty sensible bar the higher rate tax change, and I go back to what I have said before.
    This was a Bank of England problem, which they conveniently attributed to Truss and Kwarteng.

    Ask yourself why the BoE reversed a decade or more of QE on the day before the Kwarteng Budget and announced fiscal tightening.

    https://www.bankofengland.co.uk/mark...welve%20months.

    The markets were moving on the 22nd, a day before the budget.

    Then the OBR or someone very close to them leaked about a £70 Billion black hole.

    So barmy (or balmy ) maybe, but in the context of the financial markets running the country and not wanting us to break away from the sclerotic growth path we've been on for 3 decades.

    And both BoE and OBR are two bodies independent of Government, removed from the democratic will of Parliament.
    Last edited by Witton Park; 06-06-2024 at 08:45 AM.
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