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Tuesday, 19 November 2024
Monday, 18 November 2024
Friday, 15 November 2024
Reeves Has Fucked The Economy
Rachel Reeves' recent budget has been nothing short of a catastrophe for the UK economy. The latest GDP figures, which show a meagre growth of just 0.1% in the third quarter (with a fall of 0.1% in September), are a stark reminder of the disastrous impact of her fiscal policies. Despite her promises of economic stability and growth, the reality is that Reeves' budget has done more harm than good.
A Budget Built on False Promises
Reeves' budget was supposed to be a turning point for the UK economy, but it has turned out to be a colossal failure. Her plans to raise taxes by £40 billion and increase national insurance contributions for employers have stifled economic growth and burdened businesses. The promised benefits of these measures have yet to materialise, leaving the economy in a worse state than before.
Crushing Business Confidence
The uncertainty surrounding Reeves' budget has had a chilling effect on business confidence. Companies have been hesitant to invest and expand, fearing the impact of higher taxes and increased regulation. This lack of confidence has been reflected in the dismal GDP figures, with the economy growing at a snail's pace. The government's failure to provide a clear and stable economic plan has left businesses in limbo, unable to plan for the future.
Rising Costs for Households
Reeves' budget has also hit households hard. The increase in national insurance contributions and other taxes has left families with less disposable income, exacerbating the cost-of-living crisis. The promised relief measures, such as the increase in the minimum wage, have been insufficient to offset the financial strain on households. As a result, consumer spending has stagnated, further dragging down economic growth.
A Bleak Economic Outlook
The latest GDP figures paint a grim picture of the UK's economic future. With growth stalling and inflationary pressures mounting, the outlook is bleak. Reeves' budget has failed to address the underlying issues facing the economy, such as productivity stagnation and declining investment. Instead, it has created new problems, such as higher borrowing costs and increased national debt.
Conclusion
Rachel Reeves' budget has been a disaster for the UK economy. Her misguided policies have stifled growth, crushed business confidence, and left households struggling to make ends meet. The latest GDP figures are a testament to the failure of her economic plan. It is clear that the UK needs a new approach to economic policy, one that prioritizes growth and stability over short-term political gains.
It is hardly surprising she has fucked up, given that she was nothingmore than a complaints department manager at a retail bank and a very short term junior economist at the Bank fo England (facts that she lied about on her CV).
Thursday, 14 November 2024
Rachel Reeves' Disasterous Pension Plan
Rachel Reeves' plot to overhaul the UK's pension system has been met with fierce criticism from analysts who warn that the proposal is a "grave mistake." The Chancellor's plan, which aims to consolidate local government pension schemes into so-called "megafunds," is being touted as the biggest pension reform in decades. However, the potential consequences of this move could be disastrous for the UK's financial stability and the future of its pensioners.
Increased Risk and Uncertainty
One of the primary concerns raised by analysts is the increased risk associated with the proposed megafunds. By consolidating smaller pension schemes into larger ones, the government hopes to unlock billions of pounds for investment in infrastructure and high-growth companies. However, this strategy also exposes pension funds to higher levels of risk. Investing in private equity and other high-risk assets could lead to significant losses, jeopardizing the retirement savings of millions of UK workers.
Higher Costs for Pensioners
The proposed reforms could also lead to higher costs for pensioners. The consolidation of pension schemes is expected to reduce administrative costs, but these savings may not be passed on to pensioners. Instead, the focus on high-risk investments could result in higher management fees and other expenses, ultimately reducing the amount of money available for retirees. This could leave pensioners with less financial security in their later years, undermining the very purpose of the pension system.
Loss of Local Control
Another major concern is the loss of local control over pension funds. Under the current system, local government pension schemes are managed by local authorities, allowing for tailored investment strategies that meet the specific needs of their communities. The proposed megafunds would centralize control, potentially leading to a one-size-fits-all approach that may not be suitable for all regions. This could result in poorer investment decisions and reduced returns for pensioners.
Impact on the Economy
The potential economic impact of the proposed reforms cannot be ignored. By focusing on high-risk investments, the government is gambling with the future of the UK's pension system. If these investments fail to deliver the expected returns, it could lead to a significant shortfall in pension funds, putting additional strain on the public purse. This could result in higher taxes or reduced public services, further exacerbating the financial challenges faced by the UK.
Conclusion
Rachel Reeves' plan to overhaul the UK's pension system is a risky and potentially disastrous move. The increased risk, higher costs for pensioners, loss of local control, and potential economic impact all point to a grave mistake. As the government pushes forward with these reforms, it is crucial to consider the long-term consequences and ensure that the future of the UK's pensioners is not put in jeopardy.
Wednesday, 13 November 2024
Guardian Has a Hissy Fit and Flounces Off Twitter..Except It Hasn't!
In a hissy dipslay of outrage and liberal tears about the elcetion result in the USA, the Guardian (favoured by the quinoa eating classes) has announced ON TWITTER that it is no longer going to post on Twitter.
Why the Guardian is no longer posting on X https://t.co/j4fRgzSYde
— The Guardian (@guardian) November 13, 2024
Digging itself further down into its own hypocritical hole, the Guardian goes on to say:
"The nature of live news reporting means we will still occasionally embed content from X within our article pages.
Reporters will also be able to carry on using the site for news-gathering purposes."
These people are so far up their own arses that they cannot even see the hypocrisy of any of that.
As I have said before, and happily say again, I wouldn't use the Guardian to wipe my armpits with, let alone use it as a news source!
Tuesday, 12 November 2024
Labour Declares War on Farmers
Just a former Labour advisor here brazenly saying he’d send riot police in to deal with a farmer’s protest and then shut down Britain’s farming industry because we ‘don’t need them’. I didn’t press him on it too much because I wanted to let it sit there like the stale fart it is. https://t.co/dgUZWXQeRv
— Patrick Christys (@PatrickChristys) November 12, 2024
Labour has publiciy declared war on farmers.
For why?
Labour wants to destroy the farms and flog them off to property companies such as Blackrock et al, so that they can build solar farms on some and build houses for illegal migrants on others.
It is not only an assault on the countryside and agirculture, it is an assault on the fabirc of Britain itself!
Dominic Cummings has issued a call to arms:
Spread the word among farmers: Blair's lead adviser says CLOSE DOWN ALL SMALL FARMERS because they're a political enemy.
RETWEET so farmers hear the Labour plan The NFU is telling farmers NOT to come to London to demonstrate.
TERRIBLE ADVICE. I've been in the PM office when demonstrations happen.
a/ Westminster is weak as piss and
b/ the MET leadership always fold if numbers are over a threshold - 'we police by consent PM, there's nothing we can do except manage it' Nutjobs are allowed to call for a second Holocaust waving Hitler photos every every weekend in London, SW1 ignores & doesn't cover in the news, cops just watch.
Farmers shd ignore the NFU and cops -
FLOOD THE ZONE,
PRESSURE
PRESSURE
PRESSURE
Spread the word among farmers: Blair's lead adviser says CLOSE DOWN ALL SMALL FARMERS because they're a political enemy.
— Dominic Cummings (@Dominic2306) November 12, 2024
RETWEET so farmers hear the Labour plan
The NFU is telling farmers NOT to come to London to demonstrate.
TERRIBLE ADVICE.
I've been in the PM office when… https://t.co/nn2oszoAjw
Welby Resigns Today - In The Name of God Go!
Welby resigns today.
Justin Welby's tenure as the Archbishop of Canterbury has been nothing short of a disaster. His leadership has been marred by numerous controversies and failures that have left the Church of England in disarray.
Failure to Notify Police About Child Abuse Allegations
One of the most egregious failures of Welby's tenure is his handling of child abuse allegations within the Church. Despite being aware of serious allegations, Welby and his administration failed to notify the police promptly. This gross negligence has led to accusations of a cover-up and a failure to protect vulnerable individuals. The Independent Inquiry into Child Sexual Abuse (IICSA) highlighted these systemic failures, pointing out the Church's abysmal safeguarding practices under Welby's watch.
Controversial Stances on Social Issues
Welby has repeatedly found himself at the center of controversy due to his misguided stances on various social issues. His comments on Brexit were seen as overly political and divisive, alienating many within the Church. His inconsistent views on same-sex marriage have only served to deepen divisions within the clergy and laity, leaving the Church more fractured than ever.
Financial Mismanagement
Under Welby's leadership, the Church of England has faced severe scrutiny over its financial practices. The Church's investment strategies and the management of its vast property portfolio have been nothing short of a fiasco. Critics argue that more should be done to support local parishes and community projects, but Welby's administration has failed to deliver. The perception of financial mismanagement has eroded trust in the Church's leadership and raised serious concerns about its long-term sustainability.
Decline in Church Attendance
Despite Welby's efforts to modernise the Church, attendance has continued to plummet during his tenure. This decline is a direct result of the Church's perceived irrelevance in contemporary society and its failure to engage effectively with younger generations. The dwindling attendance has further strained the Church's resources and highlighted the need for more effective leadership—something Welby has clearly failed to provide.
Conclusion
Justin Welby's time as Archbishop of Canterbury has been a catastrophic failure. From his mishandling of child abuse allegations to his controversial stances on social issues and financial mismanagement, Welby's leadership has left the Church of England in a state of disarray. As the Church continues to navigate these turbulent times, it is clear that Welby's tenure has done more harm than good.
For all the good that he has done as Archbishop, it would have been better if he had never held office at all!