The Premiership of Mary Elizabeth Truss.Sept 2022 - Oct 2022
- Thread starter TheDecameron
- Start date
TheDecameron
Unicorns fart glitter.
It’s heading for parity with the dollar, it’s being suggested but it’s tanking against the € as well. It seems every time Kwarteng opens his mouth, the arse falls out of the £ and he’s pledging more tax cuts to come!
Spraggons Den
pfm Member
Nonesense.
It’s heading for parity with the dollar, it’s being suggested but it’s tanking against the € as well. It seems every time Kwarteng opens his mouth, the arse falls out of the £ and he’s pledging more tax cuts to come!
I very much fear we are heading for yet another version of 2008.
This is going to have a simply massive impact on inflation, interest rates etc.
So, so, depressing, and absolutely no need for it.
But then - this is the tories and brexit all coming together as a perfect storm.
TheDecameron
Unicorns fart glitter.
Go on, ask yourself, do you believe her, does anyone?
…the void beacons
…the void beacons
Tony L
Administrator
Ponty
pfm Member
Pound has slumped this morning against the dollar.
BBC citing low confidence, following the mini budget on Friday.
What are peoples thoughts on pensions and future house prices? Asking for me and my lads (in that order)
In my opinion (which could well be wrong of course).
Pensions. Don’t panic. If you hold overseas equities, they increase in value if sterling devalues. Many of the top FTSE companies are global with significant USD and overseas earnings. If you’re in it for the long haul, stay calm!
Houses. Wouldn’t buy right now IMHO. Could be some serious rate hikes. If I were part way through buying one, I’d be revising my offer or pulling out, that’s for certain.
Snufkin
pfm Member
About ten years too late but better late than never.
gavreid
Pretty Words...
It'll hit the young folk with mortgages and rents to pay again though - the young pay for everything in this country...
Ponty
pfm Member
Bang on. Far too much cheap money for far too long and too much govt and consumer spending. Here’s the bill.
notaclue
pfm Member
A full-blown Sterling crisis. The lowest against the dollar EVER.
Plenty of speculation on social media that Kwarteng might have been coked up at Her Majesty's funeral. The media aren't touching it. Complete silence.
I suppose being on drugs would explain the mini budget...
Plenty of speculation on social media that Kwarteng might have been coked up at Her Majesty's funeral. The media aren't touching it. Complete silence.
I suppose being on drugs would explain the mini budget...
gavreid
Pretty Words...
Pound has slumped this morning against the dollar.
BBC citing low confidence, following the mini budget on Friday.
What are peoples thoughts on pensions and future house prices? Asking for me and my lads (in that order
Energy prices have already taken 80K from the amount people can borrow on a mortgage, that's only going to increase now. House prices are overdue for a very sharp fall
Snufkin
pfm Member
And that is twenty years overdue.
Spraggons Den
pfm Member
not so judging by the way the foreign exchange markets have reacted to Crazy Kwatengs budget
dan m
pfm Member
OTOH, it seems to me property is sitting on the market longer and things are shifting from a seller’s to buyer’s market. The stamp duty changes may cause a momentary up tick, but long term it looks like a cooler market.
Spraggons Den
pfm Member
Somethings are so self evident that this photo should come with a health warning - nobody ever wants to see a middle aged Scotsman’s blue knees.Being a Royalist creep could well swing the next election. Support for the monarchy will be sky-high.
Sir Keir is doing what is needed. The majority of voters will want to see it.
Looks like he'ssmarmedcharmed his way to being Charles' favourite.
Ponty
pfm Member
Stamp duty tinkering is irrelevant if mortgage rates are 7%+.