Last week, the Bank of England intervened to prevent a gilt market crash by pledging to purchase long-dated bonds after the fallout from Prime Minister Liz Truss's proposed tax cuts.
Thought for the day
"One good thing about being a Muslim woman is you never have to worry about having a bad hair day!" -- Claire Rivero
"And what sort of lives do these people, who pose as being moral, lead themselves? My dear fellow, you forget that we are in the native land of the hypocrite." -- Oscar Wilde
"Heaven is purpose and principle. Purgatory is paper and procedure. Hell is rules and regulation." -- Dee Hock
British PM Liz Truss: "I am a Huge Zionist and a Huge Supporter of Israel"
ChrisMenahan
Tue, 10/04/2022 - 15:38
Newly appointed Prime Minister Liz Truss declared her undying support for Zionism and Israel during a conference with the Conservative Friends of Israel on Sunday.
- Read more about UK on brink of gas supply emergency regulator
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The UK may enter a gas supply emergency due to shortages this winter, according to energy regulator Ofgem.
“Due to the war in Ukraine and gas shortages in Europe, there is a significant risk that gas shortages could occur during the winter 2022/23 in Great Britain. As a result, there is a possibility that GB could enter into a Gas Supply Emergency,” Ofgem said in a letter responding to a request by energy generator SSE that the regulator should address the risk of possible insolvencies. The letter was first made public by The Times.
Nearly half a million people have signed a petition demanding an early general election in the wake of Liz Truss’ tumultuous time in office.
Parliament will now debate the UK government and parliament petition after it passed the 100,000 thresholds on September 29 — the day Ms Truss vowed to stick by her controversial economic plan.
Four days on, and the signature total now stands at more than 470,000.
Liz Truss is a dead woman walking, says ex-Cabinet minister
MikeRivero
Tue, 10/04/2022 - 10:05
A former Cabinet minister sees Liz Truss as a ‘dead woman walking’ who has ‘lost all credibility’, according to a report.
In one of the most high-profile attacks from within her own party, the prime minister was warned her days at No 10 were numbered due to internal anger over her controversial economic plans.
BRITISH ECONOMY IS COLLAPSING; ITS THE ENERGY, STUPID!
MikeRivero
Tue, 10/04/2022 - 10:00
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As recession and even depression haunts the EU, in the post-Nord Stream world, the UK in turn has its own problems. Prime minister Liz Truss has said that “Britain’s economy needs a reset”. Supposedly, it all started with the £45bn “mini budget” which was presented last week. The markets did not respond well: investors’ reaction was to sell the pound and to offload government bonds, thereby increasing the interest bill paid by the British Treasury.
Shocking Letter Reveals UK Blackout Fear As NatGas Supplies Could Be Cut In "Emergency"
MikeRivero
Tue, 10/04/2022 - 10:00
A letter from Ofgem, the UK's power regulator, warned about the "significant risk" of a natural gas shortage this winter because of disruptions to energy markets following the war in Ukraine and undersupply of Europe.
A 200 BILLION ECONOMIC BOMB, SO BERLIN SPLITS EUROPE
MikeRivero
Tue, 10/04/2022 - 09:58
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Berlin dropped an economic thermonuclear bomb. A 200 billion euro missile that serves to protect the German economy from high gas bills. Is it a coincidence that the government led by Olaf Scholz announced the economic shield just as news of the collapse of the two Nordstream gas pipelines came from the Baltic? Obviously not, because in geopolitics every move is connected. Berlin has split Europe and on gas it does it by itself.
In the years leading up to the 2019 general election, the British media ran a powerful and unremitting campaign that questioned the fitness for office and motivation of Jeremy Corbyn. The most damaging claim was that he turned a blind eye or tolerated antisemitism inside the Labour Party.
WEF Attendee Liz Truss Says British Economy "Needs A Reset" As Market Conditions Worsen
MikeRivero
Tue, 10/04/2022 - 09:47
New British PM Elizabeth Truss has been touted by many including the mainstream media as a “far-right” politician with wide appeal to British conservatives. This is fast becoming a prerequisite ideological position to take in Europe as the open border/socialist policies of leftist political leaders are leaving the EU in economic ruins and as they approach an energy based catastrophe not seen since WWII.