Banknotes issued by the Bank of England are about to get their first major redesign in more than 50 years.
Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out.
Apologies if I missed it but what did happen to RLB? She is still an MP but obviously not in the Cabinet or a Ministerial position. Is she sitting in glorious conceit avoiding any of the difficult choices on the back benches or simply being ignored? She has been invisible for quite some time now.
Meanwhile, as I will be on the road today, and it’s raining, today’s photo is from yesterday. A church much of which is from the 1200s (whether the wood is that old, or it’s like Trigger’s broom, I do not know…), with an incongruous red spire plonked on top in the 1600s. D4S, obvs:
They found some old coins when digging beneath it, the oldest of which was from England during the reign of Cnut.
Banknotes issued by the Bank of England are about to get their first major redesign in more than 50 years.
Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out.
I've just been on Facebook and read a sad story about a 61 year old man who died open water swimming.
Which is sad and tragic, obviously. But two different people in the comments put, for zero reason whatsoever, that the death must be a result of vaccination.
Are these people really that deluded, or are they trolls, or bots who are part of a disinformation campaign?
That is horrible. I remember when the anti covid vaccination campaign targeted social media with scare stories claiming that it could cause inferitility in woman, it was even more cynical and irresponsible damaging in its targeting of this demographic group because of the large numbers of these women who were working in the NHS and the care home sector.
Ouch. I think we are getting into night of the long knives territory where Starmer will get rid of Reeves, Kendal and sundry others to show he is "listening". And then finds that people have stopped listening to him.
I've just been on Facebook and read a sad story about a 61 year old man who died open water swimming.
Which is sad and tragic, obviously. But two different people in the comments put, for zero reason whatsoever, that the death must be a result of vaccination.
Are these people really that deluded, or are they trolls, or bots who are part of a disinformation campaign?
Why not all three?
If you are running a disinformation campaign, people who really, really believe in your disinformation are free money.
The problem for Labour is that while the rebels have a victory it will certainly be a pyrrhic one.
The message the markets will take away is that Labour have no budget discipline and this will lead to higher interest rates on our debt.
The budget then becomes a nightmare. I can't see any way that Reeves (or someone) else can square the circle without breaking one or more of their manifesto promises. And then the headlines will be budget betrayal.
I said when Labour came to power it was 74 not 97.
I’m afraid I think we’re going to learn a hard lesson. Also the USA too.
One of the lessons of today is that campaigning on the vacuous term 'change' might win an election when the existing government is exhausted and shite but it leads to problems if no one inside the tent knows or agrees what the change is supposed to be.
As Lavery said today - people voted Lab in for "change" not for a "change for the worse".
But change could equally be seen as sorting out the deficit situation not helping the mildly disabled.
Starmer doesn't do the "vision thing" nor can he tell a nation a story of where they are going. So arguments over change will rage.
It really is a stunning mess.
One term.
I think that's a huge conclusion to reach after barely a year in Government. To an extent, he's had Blair's first year but without the economic legacy. Blair had problems with welfare reform in his first year - he also had problems with "gifts" from outsiders but lessons were learned and presentation was improved and he had in Hague and the Tories an awful Opposition who, apart from one brief moment during the 2000 fuel crisis, never posed a serious challenge.
Starmer too has a divided opposition and Reform simply offer a different kind of "change" which is arguably equally incoherent and equally likely to fail.
The idea that Farage could run an effective whipping operation and keep his backbenchers in line is laughable given this is the bloke who falls out with just about anyone. And the reality is the electorate still fear Farage more than dislike this government. Trump is a lesson having the populist right in power would be a utter s**tshow.
And by the time the next election comes around there will be a fair few failing Reform lead county councils to show how clueless and bad a Reform Government would be.
I don't think this matters at all. You're not voting Reform because you're motivated by competence.
I doubt you have the first clue why people vote Reform.
Round here it’s NOTA/time for a change/improving the local area. They may fail they may succeed.
However if you think the sort of competence we’ve seen at a local level and national level in the last decade or so, epitomised by last nights debacle, is something worth voting for over Reform, just because you don’t like them, then crack on.
After the welfare climbdown, one Labour MP was heard saying: “I don’t understand why this means tax rises when it’s only a few billion pounds.”
I'd love to know who that was. There is a real blindness among the public at large in how much greater a billion is than a million. It's depressing but not surprising that this includes MPs.
But then government spending is £1.3 trillion, and the deficit £140 billion. Compared to that, the saving really is a rounding error, and I think the expected market reaction is exaggerated as a result.
I guess it sends a signal about fiscal discipline, but no analyst is really going to be surprised by this mess. All of this stuff is utterly dwarfed by rising health spending anyway.
Disability payments are one of the fastest growing items of expenditure. They also sit at the intersection of health and welfare, the two largest items of government expenditure.
A demonstration that they remain out of control sends quite the signal.
Plus this
“The United Kingdom faces the largest single-year exodus of wealth ever recorded, per Forbes.”
We are now in a truly dire doom loop. NYC in the 70s. We are stuck with monumental debt and a left wing government that only knows how to add to that debt. The debt is paid by wealthy taxpayers - but they’re fleeing
As they go the tax base shrinks and services wither - so crime and disorder increases. So, more rich people leave
London property, as I’ve said, is likely to crater. We could see an unprecedented implosion
Curious why you end such a negative post on such an optimistic conclusion.
I doubt you're right though, unfortunately, since supply vastly exceeds demand still so prices should remain stubbornly high.
Ummm ... try switching "supply" and "demand" in that last sentence
Something tells me that those on the right who are worried about the debt will forget all about that if Reform win who also have no realistic or feasible fiscal policies
I am no fan of the Reform party, but can you remind of the realistic or feasible fiscal plans this Labour Government had in place immediately after Keir Starmer won the leadership contest and became the Leader of the Opposition for the next four years? I wouldn't mind, but having watched him and his party in Government literally ditch and go back on all the fiscal policy promises they made to the electorate over the last couple of years they were in Opposition I find it a bit rich to have a dig at any other Opposition parties.
There a big difference between a party that is trying to be fiscally responsible but picking the wrong cuts to a party that is even now promising everyone their cut (lower taxes, higher spending, keeping very quiet about the NHS).
As for this Government - it's a mess. And the welfare cuts so badly announced that no wonder the Government had to conceed.
That is the problem, this Labour Government isn't trying to be fiscally responsible, it stupidly tried to play tribal politics in an attempt to sell and rush through some pretty nasty u-turns on the many promises they made to various groups in Opposition to reward the public sector pay deals they made the minute they got into Office. If they had been fiscally responsible they would have stress tested some of its worst and last minute boldest fiscal decisions in the last budget, but they were not and they didn't.
Take their policy on farmers or private schools, they really did not stress test the longer term and more expensive damage caused by these decisions, instead they thought this was an easy hit because of their myopic short term urban class prejudices. I was like my children educated in the State sector, but I know people who worked hard and who made tough financial choices to put their kids through private education for a variety of reasons. But when you suddenly remove that choice from thousands of parents/kids in one budget there will be a huge knock on effect to the state education sector totally unprepared for it either. We now have private schools closing and state schools in some areas over subscribed and no places available.
What ever this Labour Government is, its not one that has even attempted to be fiscally responsible. Rishi Sunak was right when he warned about the dangers of this government during the GE campaign, and he gets the right to call it after navigating the fiscal challenges of the covid years while keeping the UK economy from imploding. That out of date Liz Truss lettuce is now looking more healthy than the current UK economic forecast under Starmer and Reeves.
After the welfare climbdown, one Labour MP was heard saying: “I don’t understand why this means tax rises when it’s only a few billion pounds.”
I'd love to know who that was. There is a real blindness among the public at large in how much greater a billion is than a million. It's depressing but not surprising that this includes MPs.
But then government spending is £1.3 trillion, and the deficit £140 billion. Compared to that, the saving really is a rounding error, and I think the expected market reaction is exaggerated as a result.
I guess it sends a signal about fiscal discipline, but no analyst is really going to be surprised by this mess. All of this stuff is utterly dwarfed by rising health spending anyway.
Disability payments are one of the fastest growing items of expenditure. They also sit at the intersection of health and welfare, the two largest items of government expenditure.
A demonstration that they remain out of control sends quite the signal.
Plus this
“The United Kingdom faces the largest single-year exodus of wealth ever recorded, per Forbes.”
We are now in a truly dire doom loop. NYC in the 70s. We are stuck with monumental debt and a left wing government that only knows how to add to that debt. The debt is paid by wealthy taxpayers - but they’re fleeing
As they go the tax base shrinks and services wither - so crime and disorder increases. So, more rich people leave
London property, as I’ve said, is likely to crater. We could see an unprecedented implosion
Curious why you end such a negative post on such an optimistic conclusion.
I doubt you're right though, unfortunately, since supply vastly exceeds demand still so prices should remain stubbornly high.
Ummm ... try switching "supply" and "demand" in that last sentence
Banknotes issued by the Bank of England are about to get their first major redesign in more than 50 years.
Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out.
Banknotes issued by the Bank of England are about to get their first major redesign in more than 50 years.
Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out.
Banknotes issued by the Bank of England are about to get their first major redesign in more than 50 years.
Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out.
Banknotes issued by the Bank of England are about to get their first major redesign in more than 50 years.
Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out.
May the gods preserve us from no-marks wanting to make their little bit of history.
£5 Clarkson £10 Diana £20 Captain Tom £50 a JCB
🇬🇧
Four Horsemen of the Apocalypse?
£5 Conquest £10 War £20 Famine £50 Death
The £5 note should probably become a coin now. The £1 coin was introduced in 1983, and inflation would make that £3.41 today.
Are £50 notes given out in any cash machines in Britain?
Apart from anything else, the effect of inflation, and the apparent unwillingness to use any denomination of note above £20, makes cash increasingly less practical than it was in the past. At least in the Eurozone the €50 note is widely used, and you can carry a reasonable sum of money around without it being a brick of notes.
Banknotes issued by the Bank of England are about to get their first major redesign in more than 50 years.
Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out.
Comments
They found some old coins when digging beneath it, the oldest of which was from England during the reign of Cnut.
NEW THREAD
If you are running a disinformation campaign, people who really, really believe in your disinformation are free money.
A.K.A. “Useful Idiots”
I’m afraid I think we’re going to learn a hard lesson. Also the USA too.
Round here it’s NOTA/time for a change/improving the local area. They may fail they may succeed.
However if you think the sort of competence we’ve seen at a local level and national level in the last decade or so, epitomised by last nights debacle, is something worth voting for over Reform, just because you don’t like them, then crack on.
Take their policy on farmers or private schools, they really did not stress test the longer term and more expensive damage caused by these decisions, instead they thought this was an easy hit because of their myopic short term urban class prejudices. I was like my children educated in the State sector, but I know people who worked hard and who made tough financial choices to put their kids through private education for a variety of reasons. But when you suddenly remove that choice from thousands of parents/kids in one budget there will be a huge knock on effect to the state education sector totally unprepared for it either. We now have private schools closing and state schools in some areas over subscribed and no places available.
What ever this Labour Government is, its not one that has even attempted to be fiscally responsible. Rishi Sunak was right when he warned about the dangers of this government during the GE campaign, and he gets the right to call it after navigating the fiscal challenges of the covid years while keeping the UK economy from imploding. That out of date Liz Truss lettuce is now looking more healthy than the current UK economic forecast under Starmer and Reeves.
You're 100% correct of course!
Are £50 notes given out in any cash machines in Britain?
Apart from anything else, the effect of inflation, and the apparent unwillingness to use any denomination of note above £20, makes cash increasingly less practical than it was in the past. At least in the Eurozone the €50 note is widely used, and you can carry a reasonable sum of money around without it being a brick of notes.