Friday, 15 November 2024

4 months into Liebours rule and we find the TRUTH of the economy! BREXIT is to blame. (Reeves and Bailey)

 It was obvious to all that the economy had ground to a halt, housing market now dead, Homebase bust, three months of speculation and leaks on Liebours tax raids. The only question is why are Liebour surprised. Now we have the painful impact of Reeves budget and the total waste of this Liebore government. I don't think people have understood the full impact of the NICs issue. It does affect the NHS because of all the outsourced activities like GPs, Dentists, Care homes, Hospices and most Eye surgeries. Another big hit will be local authorities. The Tories, for all their faults had the economy turning round and in just 4 months Liebour has managed to wreak havoc. They have harmed our pensioners. They have attacked our education system. They have waged war on our Farmers and they have now hit every working man through unknown taxes. The only winners will be the unemployed, illegal immigrants, unions and the civil service. Well, lets see what the next quarter looks like after Reeve's budget, I suspect further poor growth and then no doubt she and Trump will be the blame. Three months ago UK Gilts where at 3.75% now over 4.5% that's the UK borrowing costs, the markets don't like this new government, nor I suspect do many of us!

Once the true figures are published in a couple of weeks time then growth will be shown to have gone down even further. You have to laugh at the pro-liebour BBC Breakfast who had an "expert" economist on who blamed a "wet summer" and that we do most of our trade with the USA and the tariffs Trump will impose slowed down investment. Well, the summer was quite good from July to September and Trump was only voted in last week and we don't know if he will do. Also at Mansion house last night in front of some of the UK's top financiers, Reeves said that the "European Union is our biggest trading partner". Well Rachel are they as the economist says it's the USA which liebour have alienated with their slating of Trump. Also at that Mansion House dinner Andrew Bailey the Governor of the Bank of England said in his speech. "I've said many time as a public official, I take no position on Brexit" but then went on to say that we have to strengthen or trading relationship with the EU. So you DO take a position on Brexit then!.

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