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Lionator

General News Thread

By Lionator, in General Chat

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Zear0

Zear0

Posted
Posted
2 minutes ago, Leicester_Loyal said:

https://www.telegraph.co.uk/business/2025/11/14/obr-changes-forecasts-to-give-reeves-17bn-budget-lifeline/

 

'The Office for Budget Responsibility (OBR) has handed Rachel Reeves a £1.7bn lifeline to balance the books after it changed a crucial window for its forecasts amid growing political pressure. In a highly unusual move, the fiscal watchdog said it had changed the time frame to forecast moves in bond markets from the 10 days to Oct 10 to the 10 days to Oct 21.'

 

How convenient :whistle:

Offsets the inconvenience of reducing productivity by £20bn to reduce an error they made that helped the previous incumbents.

 

At this point we might as well let the OBR run the country.  Get the need for an independent audit of budgets to stop Truss BS, but they're far too influential.

leicsmac

leicsmac

Posted
Posted
19 minutes ago, Trav Le Bleu said:

It seems that it's quite en vogue to accuse people of whataboutery at the moment, so ...

 

Trump to order probe into Epstein's alleged ties to Clinton and banks - BBC News

 

https://share.google/KpVBvpptaTp5Hrzhy

Classic bit of deflection. 

 

Hopefully it won't succeed.

 

6 minutes ago, Leicester_Loyal said:

https://www.telegraph.co.uk/business/2025/11/14/obr-changes-forecasts-to-give-reeves-17bn-budget-lifeline/

 

'The Office for Budget Responsibility (OBR) has handed Rachel Reeves a £1.7bn lifeline to balance the books after it changed a crucial window for its forecasts amid growing political pressure. In a highly unusual move, the fiscal watchdog said it had changed the time frame to forecast moves in bond markets from the 10 days to Oct 10 to the 10 days to Oct 21.'

 

How convenient :whistle:

Is there any actual proof that an apolitical organisation has made a political move here, or is this just speculative?

Leicester_Loyal

Leicester_Loyal

Posted
Posted
9 minutes ago, leicsmac said:

Classic bit of deflection. 

 

Hopefully it won't succeed.

 

Is there any actual proof that an apolitical organisation has made a political move here, or is this just speculative?

You want the OBR or Labour to come out and say the goalposts have been changed to help out a political party right before the budget?

 

Of course it's speculative. Most of everything we discuss on here is speculative, including all the Trump stuff, may I add.

  • Haha 1
Trav Le Bleu

Trav Le Bleu

Posted
Posted
1 minute ago, Leicester_Loyal said:

You want the OBR or Labour to come out and say the goalposts have been changed to help out a political party right before the budget?

 

Of course it's speculative. Most of everything we discuss on here is speculative, including all the Trump stuff, may I add.

Indeed.

 

Trump might be a really nice guy.

  • Haha 1
Foxdiamond

Foxdiamond

Posted
Posted
43 minutes ago, Leicester_Loyal said:

Meant to reply to this earlier but missed it.

 

The 'attack' on private schools pushed private school children back into state edution, meaning the schools become even more crowded. 

Many Sen children can't cope in standard school setting so require special schools that are few and far between

  • Like 3
leicsmac

leicsmac

Posted
Posted
27 minutes ago, Leicester_Loyal said:

You want the OBR or Labour to come out and say the goalposts have been changed to help out a political party right before the budget?

 

Of course it's speculative. Most of everything we discuss on here is speculative, including all the Trump stuff, may I add.

I'd agree with the "most" there, though I would caveat that by saying direct reports on what that man says or does (of which there are quite a few here) are reasonably solid.

 

When someone tells you who they are, believe them.

Trav Le Bleu

Trav Le Bleu

Posted
Posted
10 minutes ago, leicsmac said:

I'd agree with the "most" there, though I would caveat that by saying direct reports on what that man says or does (of which there are quite a few here) are reasonably solid.

 

When someone tells you who they are, believe them.

I'm Spartacus!

  • Haha 1
Danizen

Danizen

Posted
Posted
7 hours ago, leicsmac said:

There's an absolutely ridiculous meme rumour going round regarding Felon#47 today. One of those "no, even for him, surely not..."

 

I'll not share it here just in case there's anyone without a sense of humour who might get lawyer-happy watching, but shall we say..let's just not "blow" things out of proportion when it comes to the "Big Beautiful Bill"...:ph34r:

If Trump tweets out that he's going to sue Foxestalk, that would make my year!

  • Haha 1
CornwallFox

CornwallFox

Posted
Posted
2 hours ago, Leicester_Loyal said:

Meant to reply to this earlier but missed it.

 

The 'attack' on private schools pushed private school children back into state edution, meaning the schools become even more crowded. 

Private schools shouldn't exist.

Trav Le Bleu

Trav Le Bleu

Posted
Posted
41 minutes ago, CornwallFox said:

Private schools shouldn't exist.

What about public schools?

 

 

 

 

 

NB, I've never understood this :dunno:

CornwallFox

CornwallFox

Posted
Posted
7 minutes ago, Trav Le Bleu said:

What about public schools?

 

 

 

 

 

NB, I've never understood this :dunno:

It's quite straightforward. 

I believe in a meritocracy. 

I believe in equal opportunity. 

You didn't be able to buy your kid an advantage. 

Plus private schools take in the best teachers, taking them away from state education. 

It's not that I don't want some people to have something, it's that I want everybody to have equity and then their talents decide where they can go. 

There's no reason state education can't have setting based on ability or even set itself up to have academies for the greatest minds, but it should be based on merit, not a parent's bank balance. 

  • Like 2
CornwallFox

CornwallFox

Posted
Posted
2 minutes ago, JonnyBoy said:

It won’t. Will mean landlords will sell up due to renters rights bill and more power to the renter, the supply falls, demand increases and prices rise for the renter. 

Most renters want to buy and can't because the bottom of the market is utterly saturated with landlords.

  • Like 1
JonnyBoy

JonnyBoy

Posted
Posted (edited)
7 minutes ago, CornwallFox said:

Most renters want to buy and can't because the bottom of the market is utterly saturated with landlords.

Go on rightmove and search for two bed terraces 15 miles of Leicester for sale, see how many come up. 
 

560 within 10 miles 

Edited by JonnyBoy
  • Like 1
  • Popular Post
CornwallFox

CornwallFox

Posted
  • Popular Post
Posted (edited)
21 minutes ago, JonnyBoy said:

Go on rightmove and search for two bed terraces 15 miles of Leicester for sale, see how many come up. 
 

560 within 10 miles 

Good news, let's hope landlords stop buying them. 

My mate sold that kind of house on the edge of the city a few years ago. Wanted to sell to a first time buyer of he could. Estate agent basically said it would be impossible because landlords would immediately outbid the first time buyers. They were proven right. 

Landlordism has wrecked the housing market. We have nearly 3 million landlords. 3 million. That's millions of homes first time buyers couldn't buy. And also millions of additional buyers causing prices to increase. 

Edited by CornwallFox
  • Like 6
WigstonWanderer

WigstonWanderer

Posted
Posted

There’s been a great deal of discussion here about the UK economy, and the view that government debt is like the nation’s credit card is mostly taken for granted. This has lead in the past to austerity and currently constrains spending as UK infrastructure decays, a downward spiral.

 

There are a minority of economists who offer an entirely different perspective in the form of Modern Monetary Theory (MMT). I don’t claim to understand it, but it seems to offer far more flexibility in the spend/debt/growth equation for economies with their own fiat currency, subject to the constraint of inflation not getting out of hand.

 

Is there anyone here that has sufficient expertise in this branch of economics that could comment?

Trav Le Bleu

Trav Le Bleu

Posted
Posted
1 hour ago, CornwallFox said:

It's quite straightforward. 

I believe in a meritocracy. 

I believe in equal opportunity. 

You didn't be able to buy your kid an advantage. 

Plus private schools take in the best teachers, taking them away from state education. 

It's not that I don't want some people to have something, it's that I want everybody to have equity and then their talents decide where they can go. 

There's no reason state education can't have setting based on ability or even set itself up to have academies for the greatest minds, but it should be based on merit, not a parent's bank balance. 

No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no.

 

Nein, niet, non, nay, nope, negative, never, anti-yes, non-affirmative, not on your nelly, nah.

 

Maybe my state education wasn't very good, but I am aware that the words Public and Private are in fact antonyms, they have opposite meanings.

 

So how can public schools be private schools, and vice versa (my state education allowed for a little Latin, quod erat demonstrandum.) be the same thing!?

 

I have always just drawn the conclusion that attendees thereof are just really thick, but privilege is privilege, so, y'know :dunno:.

CornwallFox

CornwallFox

Posted
Posted
5 minutes ago, Trav Le Bleu said:

No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no.

 

Nein, niet, non, nay, nope, negative, never, anti-yes, non-affirmative, not on your nelly, nah.

 

Maybe my state education wasn't very good, but I am aware that the words Public and Private are in fact antonyms, they have opposite meanings.

 

So how can public schools be private schools, and vice versa (my state education allowed for a little Latin, quod erat demonstrandum.) be the same thing!?

 

I have always just drawn the conclusion that attendees thereof are just really thick, but privilege is privilege, so, y'know :dunno:.

Public schools used to be paid for by public endowments hence the name. Eton is technically a public school. They are private schools that are paid for via fees and the term public school is outdated.  

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