The UK: Economy & Markets

[bk1]

Scotland cannot vote on anything like Independence without first the Supreme Court agreeing that Scottish politicians can legislate for a referendum without the agreement of Parliament.
We have been down this road before and the Supreme Court disagreed with Sturgeon then, as the major political parties within Parliament do now.

 

[Knobby22]

Looks like Sunak will be next PM and would have been previously if chosen by the Parliamentary members.

The Conservatives Party going to their members to choose is a real weakness. Too easily influenced by powers in the right wing media.

Sunak will be good but will he be good enough?

 

[divs4ever]

Scotland cannot vote on anything like Independence without first the Supreme Court agreeing that Scottish politicians can legislate for a referendum without the agreement of Parliament.
We have been down this road before and the Supreme Court disagreed with Sturgeon then, as the major political parties within Parliament do now.

we will see ,
England has a mess of problems and is weak , and the Scots can get a bit feisty , and the rumblings in Ireland might be the distraction needed for a viable opportunity ( remember the major groups in the separatists want to embrace the EU again , so England might get limited support )

 

[divs4ever]

Looks like Sunak will be next PM and would have been previously if chosen by the Parliamentary members.

The Conservatives Party going to their members to choose is a real weakness. Too easily influenced by powers in the right wing media.

Sunak will be good but will he be good enough?

right wing media ?? do they still exist ( in the mainstream ) don't be fooled Murdoch is just as Globalist and Climate Agenda as anybody but the unchallenged ad revenue is on the right ( and Populists )

so do you fight for scraps or go where the pot of money is uncontested ??

i am not sure J.C. himself can get Britain out of this mess , in a status above 3rd world

sadly i hold a few shares that give exposure to the UK financial sector , so am caught between apprehension and the mother of all top-up opportunities

the upside for the Tories is the Left is equally weak ( or weaker ) so they still have the tiniest of chances ( the Left are all remainers as well )

 

[wayneL]

Sunak is a panderer and won't improve things a jot. Nope, not one iota.

And the Labour Party? Have you seen footage from their conference? They will be mired down in debates about pronouns and the definition of a woman for at least three decades.

 

[Knobby22]

right wing media ?? do they still exist ( in the mainstream ) don't be fooled Murdoch is just as Globalist and Climate Agenda as anybody but the unchallenged ad revenue is on the right ( and Populists )

so do you fight for scraps or go where the pot of money is uncontested ??

i am not sure J.C. himself can get Britain out of this mess , in a status above 3rd world

sadly i hold a few shares that give exposure to the UK financial sector , so am caught between apprehension and the mother of all top-up opportunities

the upside for the Tories is the Left is equally weak ( or weaker ) so they still have the tiniest of chances ( the Left are all remainers as well )

The previous PM got a lot of support by media that Tory members follow.
Simple as that.

Sunak appears to be the right stuff and he has time on his side.

We all knew Brexit would hurt but he has time to develop a way forward. He needs to work on trade ties to get the UK out of this mess. So I give him a chance.

 

[wayneL]

With Hunt as Chancellor?

Give me a break.

 

[Knobby22]

With Hunt as Chancellor?

Give me a break.

He will control Hunt. The Trade Minister is the important appointment.

 

[divs4ever]

The previous PM got a lot of support by media that Tory members follow.
Simple as that.

Sunak appears to be the right stuff and he has time on his side.

We all knew Brexit would hurt but he has time to develop a way forward. He needs to work on trade ties to get the UK out of this mess. So I give him a chance.

i was surprised the people voted for the Brexit , but saw it as a brave attempt to chart it's own fate amid a greater EU crisis ( given it still retained it's own currency )

i have been underwhelmed by the parade of UK politicians since ( including Ms May )

given the progress since the vote , i am less optimistic , to my mind it will be a race to who makes the worse mess ( the UK or EU )

given the rapid turnover of leaders and policies , creating solid trade ties ( outside or inside the EU ) will be a Herculean task ( they may as well just buy on the spot market , whatever they can )

 

[divs4ever]

With Hunt as Chancellor?

Give me a break.

possibly Hunt for PM , with a bit of external help ( i do NOT think this is a good thing , but it seems all sorts of agendas are being tried in the UK , by both UK citizens and others )

 

[wayneL]

They need The Nige. Both Labour and Cons, (and the ridiculous LibDems) should just go and get in the sea.

The UK's only hope is somehow forming a Kemi/Nigel alliance and putting the rest of them in shackles in the Tower of London...

Put Charles there too.

 

[divs4ever]

They need The Nige. Both Labour and Cons, (and the ridiculous LibDems) should just go and get in the sea.

The UK's only hope is somehow forming a Kemi/Nigel alliance and putting the rest of them in shackles in the Tower of London...

Put Charles there too.

Nigel has already declared that he can't do what is needed alone , and asked for others to help ( i assume current party hacks need not apply .

but who ( if anyone ) will come to actually help when white-anting and back-stabbing are the current politicians toolkit ( in much of the Western world )

( can't put them in the sea , ocean levels will rise , and to fit them all in the Tower will have to go to the moon )

 

[Knobby22]

Sumak in.

 

[wayneL]

Ta ta, pip pip, and all that rot, to the UK.

It's finished.

 

[divs4ever]

Sumak in.

so do we start a comp. tipping the next REAL election and a Labour Party win ??

( not that Labour will improve anything worthwhile , maybe bring in the pronoun police )

 

[Knobby22]

so do we start a comp. tipping the next REAL election and a Labour Party win ??

( not that Labour will improve anything worthwhile , maybe bring in the pronoun police )

A few years away!

 

[Knobby22]

Ta ta, pip pip, and all that rot, to the UK.

It's finished.

Always the pessimist.
But I suppose you would say that's what an optimist calls a realist.?

 

[noirua]

They need The Nige. Both Labour and Cons, (and the ridiculous LibDems) should just go and get in the sea.

The UK's only hope is somehow forming a Kemi/Nigel alliance and putting the rest of them in shackles in the Tower of London...

Put Charles there too.

Just Stop Oil protesters throw cake at King Charles' waxwork

Four people were arrested after Just Stop Oil protesters covered the statue in chocolate cake

www.leicestermercury.co.uk

Rishi Sunak: What will new prime minister mean for Scotland?

What does the former Chancellor's appointment as Conservative leader mean for politics in Scotland?

www.bbc.co.uk

Another problem as Scotland wants Independence from UK. Although the UK narrowly remains the world's fifth largest economy with India sixth - Australia is number 13 and Tuvalu is the smallest situated between Australia and Hawaii.

Tuvalu - Wikipedia

en.wikipedia.org

 

[noirua]

UK Economic growth has been evaporating over the last four quarters. One recent survey suggests the economy has already fallen into a recession, and even the more optimistic projections are for growth to be close to zero next year.
The country is facing record high inflation - partly as a result of the war in Ukraine, but also a result of the weakening currency. This leaves consumers with less discretionary spending which impacts the economy further.
The British Pound had plunged to its lowest level against the U.S. Dollar since 1985.
Government debt is rising, and the cost of servicing that debt is also rising as interest rates rise.
The consequences of Brexit have made Britain less competitive and are expected to reduce productivity - meaning citizens will on average be poorer.
The possibility of electricity rationing if Russia cuts off gas supplies
Simply Wall St

 

[noirua]

Australia looks top dog compared to the motley crew above.​

Australia Economic Snapshot​

Economic Forecast Summary (June 2022)​

Real GDP is projected to grow by 4.2% in 2022 and 2.5% in 2023. The Australian economy is set to continue its solid recovery from the pandemic after having withstood the recent resurgence of COVID-19 cases as well as severe flooding in the states of Queensland and New South Wales. Wage and price pressures will rise given the already tight labour market and the strains on global supply chains, before moderating in 2023.

Australia Economic Snapshot - OECD

www.oecd.org