Opinium finds 28% drop in support for government’s economic handling – politicalbetting.com
Opinium finds 28% drop in support for government’s economic handling – politicalbetting.com
After the March budget a year ago Opinium found the Tory government had with a net plus six approving ministers’ economic handling. As can be seen from the chart the latest finding is for a net minus of 22%. So the total drop since last year is 28%.
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Simon Clarke is 6ft 7inches tall, stood next to Sunak he makes Sunak look like a borrower.
There has to be a significant proportion of people with mortgages who have never experienced (or have budgeted for) interest rates anywhere near historical normal levels.
Chelsea will be allowed to sell tickets to away games, cup matches and fixtures involving the women's team after the UK government made alterations to the club's special licence.
The club have been unable to sell tickets since owner Roman Abramovich was sanctioned by the government as part of its response to Russia's invasion of Ukraine
Under the changed licence, proceeds from ticket sales will go directly to the Premier League and then be distributed to the relevant party.
After letting Usmanov and other bust the sanctions, the UK government is effectively collaborating with Putin.
Its a bit like companies providing basic food in Russia. I think that is very different than a luxury car company.
Watching the budget clip on Ch4 I couldn't help but think that Priti on one side and Boris on the other
made the Addams family look like a supermodels away-day
To get contributory benefits in this country you have to have paid NICs for six months or more.
To get the state pension you have to have paid it for 30 years or more.
If the threshold for NICs is raised, does that not mean rather a lot of lower paid workers will suddenly not be eligible for benefits and pensions?
Which would cause far, far more problems than this silly gesture would solve.
Or does leaving the ER NICs at the lower threshold get round that?
Here's another thing: it looks less likely than it did, but it is still possible that this was RS's last chance to show a bit of ankle to the parl party and the membership before a leadership election, bringing the hatred of the poor more front and centre than it otherwise would be.
Not a nice man.
If they had not issued loans at crazy ratios, there would surely have been less overheating in the market, and we wouldn't be in a crisis as things return to a norm.
I know they were being encouraged by politicians to fuel their nonsense growth theories, but still...
Man at garage fills car with petrol. Fascinating.
It's real interest rates, not nominal, that ultimately determines the debt burden.
As for Morticia Addams, her management of the Home Office would certainly be 20x less ghoulish than PP"s.
Worryingly, it still worked...
I also fear the hybrid working middle classes who have helped the economy rebound by spending the cash they didn't use during the pandemic will now start cutting back with all the implications that will follow.
WTI back near $115 a barrel this evening - a lot of people are going to be seeing 7% inflation and thinking they need higher wages so once again union militancy will return in some sectors. As for interest rates, it's not just home owners but those renting who will feel the pain as landlords seek to hold their living standards.
The best for which we can now hope is a quick end to the fighting in Ukraine which would, I'm sure, take the pressure off energy prices.
fighting the Russiansrunning the country.If Clarke sat in it his knees would be up round his ears, like noddy.
I think in this one it is because there are all the guys in the background who are same level as him despite being in the distance. I presume partly because of the sloped ground, but that adds to effect.
Suspect though Truss would have a thing for Thing and they’d have a fling.
Protected the bottom income deciles
Reduced VAT on fuel
Taken measures to incentivise oil production
Ditto home insulation.
Scrapped stamp duty on house purchases
Increased the NI threshold (as was done)
Forced pensioners to pay NI
Levied a windfall tax on oil companies
Levied a new tax on property @ 0.5% p.a.*
Left income tax alone.
*With a rebate against stamp duty paid for those who have purchased in the last seven years.
Hence the massive something-for-nothing of the last 40 years or so, but also the sensitivity to changes in the interest rate.
Downside of getting something-for-nothing is that someone (or somewhen) else has to get nothing-for-something.
Cybercriminals made $7bn in pure profit in 2021, says FBI
Another year, another batch of record-setting cybercrime losses
https://www.theregister.com/2022/03/23/cybercriminals_made_7bn_2021/
We might get the politics of the 70s too - a series of weak/switching governments and hung parliaments.
EDIT - Fun fact (per wiki) average British soldier in WW1 was 5'7" same as Rishi Sunak
Essentially my aim would be to fiscally neutral at this juncture, albeit shifting the burden from the poorest income earners to the wealthiest asset owners.
Anders Åslund
@anders_aslund
Renault is ending its car production in Russia. This is as extraordinary as natural. Renault with its Avtovaz is the biggest car producer in Russia, but it imports 20% of the parts, no longer available.
Probably all Russia car production will stop soon.
Western sanctions bite.
https://twitter.com/anders_aslund/status/1506724668413251590
Could still inflame the market though, sugar rush of large one-off expenditure evaporating vs failure to work out what it costs in the long run. As with people buying iphones on monthly contracts
Sadly I think this is quite likely.
Now I guess the Chinese will still supply things, but Renault surely couldn't be seen to be doing that.
Buried in a table in the OBR…
https://twitter.com/edconwaysky/status/1506704332275781645?s=21
…But even after that we are still facing the biggest fall in living standards in living memory. This chart goes back to 1956 but my hunch is this will be the worst year for real household disposable income since the UK rejoined the gold standard in 1925. That was a VERY bad year.
It was so bad Churchill called it his worst ever decision, it triggered the General Strike, a naval mutiny (of sorts) and widespread immiseration. My point is: if that’s the baseline for what we’re facing this year in terms of impact on family finances, that’s not great.
The next stage is market expectations that rates will more than double to around 2% by the end of the year. I think that will start to bite on people with high mortgages, but fixed terms mean it'll take time to be felt.
Beyond that point it's crystal ball time. The Bank of England thinks it'll be enough to bring inflation back to target in the years following. Some predict a recession from the combined squeeze in people's real income (which may in turn reduce inflation). Others that high inflation becomes embedded that forces interest rates higher still.
Threading the needle of bringing down inflation without inducing a recession won't be an easy one.
Like London property Barons.
Wiki tells me Cyril Smith was the fattest MP.
And it says Antoinette Sanbach is 6ft 4
I think. I am happy to report I am just millimetrically north of the great 6' divide, and all you people look like little ants to me.
The other place is a essentially retirement savings.
Nope. I can’t remember that huge crunch either.
I was thinking along the lines most people don't buy their first home until ~30. Again maybe I am biased due to current situation. Be interesting to know what average first time home buyer was in mid noughties.
https://twitter.com/montie/status/1506726896079446034?s=20&t=cL4RX6m4oudOwmoyiZRG8A
Overall though voters back the Spring Statement proposals by 44% to 19%
https://twitter.com/OpiniumResearch/status/1506705220310609928?s=20&t=cL4RX6m4oudOwmoyiZRG8A
Back then, totally primary energy usage of the UK was 234 million tonnes of oil equivalent, and more than 90% of that oil, coal and gas.
Now it's just 165-170 million tonnes.