Wasn’t it supposed to be a SONG contest last night? To
be honest I should of known there was a public vote as well.
Ukraine must of been the best bet to win since ABBA in 1974
and then it was for the best song.
I was half asleep sitting next to my wife when
the points for the public vote came in. Before I was nearly
throwing a brick at the screen at the Italian presenter who
must of been, the most infuriating presenter EVER. I am not 100%
sure if EVERY country that voted in the public vote gave Ukraine
12 points. The only one that might not of was possibly Serbia
who amongst all the countries are pro Russia. But maybe even the public in Serbia gave them 12 points?
The Ukranian song could of been” My old man’s a dustman” and
it would of won.
I wonder if Russia will also give us next years winner in the Eurovision Song Contest by attacking Moldova or some other neighbour.
The bookies will not be taking any bets on the Country Putin next decides that historically belongs to Russia or to protect the inhabitants from neo Nazis if they have an entry in next years contest being held in the Mariupol Steelworks.
Seems a specialist investigation by the BBC from a W1A PC suggests an A. Campbell dropped a major bet on Iraq winning Eurovision as Tony was proposing to rub our noses in that too.
Manny-As I wrote in a previous contribution. Lets just hope
that Russia doesn’t bomb Kiev during next years
song contest in the Ukranian capitol. That’s if there is still a Ukraine. Or for that matter still a Europe. Listen for all the
sarcasm we still had the best ethnic head of the voting
panels from all the countries ,
Foscari.
Now here’s a little story….
It would have deserved to!
An excellent Lonnie Donnegan song recorded live at the Gaumont Theatre, Doncaster in early 1960.
I was at a loose end yesterday, so i had a scoot through the bbc iplayer. I should point out (In case any pedants are about) that I don’t have a tv licence but my office is at my parents’ house; they have a licence, so I’m ok to use the iplayer there. I’m a bit of a space junkie, being 11 in 1969 so events around that time left a lasting impression. I was looking at footage from the “New horizons” mission which flew by Pluto, at one point the outermost planet but now referred to as a “Kuiper belt object” as it’s dinky by planet standards and is only one of millions of similar rocks that far out. New horizons then flew by a peanut shaped rock, called “Ultima Thule”. Now though, it is referred to as “Arrokoth”. I was curious about this, so I set out to find out the reason for the change of name. “Ulitma thule” is a a phrase of viking origin, meaning “The land far beyond” or similar. This phrase has been adopted by (You guessed it) White supremacist and Nazi groups. Arrokoth is a native american (Formerly red indian) word meaning “Even in the far reaches of the solar system, some woke gonk can get offended and call you a racist”. I sometimes could weep for Mankind and what it became, particualrly when this followed looking back at what was acheived around 1969. Ye Gods.
OT, but Fail may have missed out on life reflecting art here.
'Man what is wrong with white people': SNL discovers video of Johnny Depp's staff finding 'booboo' left by Amber Heard in his bed https://t.co/6DaKxVinI0
You can’t make it up.
On Toady on Sunday, there was a feature about Catholic Nuns.
Actually I am lying.
The feature was about BLACK Catholic Nuns.
As described by the BBC woke box-tickers.
Given that black catholic nun stories are in all likelihood pretty thin on the ground, it wonderfully shows the lengths to which the BBC are prepared to go to meet their pro-BAME-at-all-costs propagandising agenda.
The 3rd biggest producer or wheat ( india ) is to cease exports because the harvest was bad …
….. or do i detect putin doing a bit pf economic warfare … maybe the UK could ban exporting borrowed pounds to regimes like india ….?
Nut nut is off to the UAE for s sheikh funeral Monday – he ll need his knee pads to beg for a cheaper oil supply ( again ) – you might recall he tried and failed last month – gotta beg I guess …
Zeph
Have you not noticed the proliferation of Western Union and similar money transfer facilities which have sprouted up in recent years?
I bet they don’t attract much incoming.
But to be fair I dare say Eastern Europe does at least as well as the Indian subcontinent.
For all who suspect the “klimate krisis” (sic) may be more than suspect, I recommend the following short video.
One of the takeaways from this is that governments have been looking for external crises to deflect countries from the “economic cost” of war since the idea was first postulated in 1917.
And reports that say “an effective political substitute for war will require external enemies”, and, “experiments have been proposed”.. Orson Welles ?
And now, since little green men did not work out, it seems the alternative, a climate threat, may be in order, or “pollution” as it was termed in the 50s and 60s.
All last week the weather people, be it the Met Office on GB News or the odd BBC forecast I saw, said it would be warm this weekend – even rising to 21 degrees (which means nearly 70 degrees F). We are mid May – temperatures in the low 80s are not impossible at this time of year. And now the Daily Mail is telling us the ‘mini heat wave’ will end this evening with rain. Well yesterday was very pleasant – but scarcely hot around here in the north.
I watch how weather people on the BBC and GB News talk up heat eg ‘it is going to be hot next week’ etc when what they mean is ‘you might shed your vest’. I wonder if they really believe what they are saying.
What fun it is when the BBC are so focussed on their agenda that they miss the glaringly obvious.
Two recent examples about the ‘cost of living ‘ crisis.
1. A woman carefully selected for Interview was ‘at her wits end’ because her son’s favourite comic/ magazine had gone up from around £2.80 to around £4.50. She was distraught. How is she going to put food on the table when magazines cost so much?
2. A woman carefully selected for interview was worried about putting food on the table. She weighed about 17 stone.
In my simple world, the solutions to the above are clear and simple but clearly way beyond the abilities, or more likely the agenda-driven propagandising of the BBC
There is an obesity ‘crisis ‘ apparently – too much food being eaten for too little activity – so rising food prices will produce healthier – less obese people – right ?
Same with petrol / car usage – a fall in the first quarter even as a sort of normality returned – this is seen as ‘bad news ‘ – but in the BBC world surely a good thing ? The planet is being ‘saved ‘… me – keep burning that diesel ….
…. My area in London is over run with 125cc Xmax bike deliverers – either drugs or take aways or both – I’m waiting for this ‘cost of living crisis ‘ to put them out of business …. But I somehow think pizza / herbal tobacco will always be affordable ….
‘Due to the bail in rules how safe is customers money deposited in high street banks? If banks come in to financially difficulty can they take money out of customers accounts and use it to keep the bank afloat?
If the answer is yes, how much money would the banks be able to take out and use and when would the customers involved expect to get their money back, or would that money simply disappear?’
With respect to depositors whose deposits are not fully protected by the FSCS, bail-in would be applied in accordance with the insolvency creditor hierarchy. This sets out the order in which shareholders, creditors and depositors of a company would receive recoveries should a bank be placed into an insolvency process (also referred to commonly as a ‘liquidation’).
In line with the creditor hierarchy, deposits not protected by the FSCS would only be subject to bail-in if losses are so high that subjecting all of the shareholders and a number of debt-holders to bail-in would not be sufficient (for further detail see page 19 of the Executing-bail-in-an-operational-guide-from-the-Bank-of-England Opens in a new window). This is because of the preference in the creditor hierarchy from which certain deposits, including those of retail depositors, benefit.
I wonder how many of the High Street Banks are going to be looking to use their customers accounts to keep them afloat in the coming depression?
Thoughtful – I think your mention of ‘depression ‘ ups the ante as far as my prediction of recession – inflation over 10% by 2023 and maybe – maybe rates about 4% by then
The Bank of England suffered wishful thinking at the end of 2022 that inflation wouldn’t take off – it didn’t even response when putin got going – I wonder if the next rate rise – next month or the month after will be .5% – then maybe it will really be noticed across the economy …. I’m not sure what the rate of end of fixed rate mortgages is – but a 4% interest rate in 2023 could really bite those repayments …..
If you believe the prognostications of economists, investors, and of course the ever pessimistic Fox news (Probably with good reason) the America is headed for something much worse than a simple recession.
A depression at least as bad as the 1920s one if being forecast, and as we all know when America sneezes the whole world catches a cold.
The UK as an isolated economy might well not suffer, a depression, but with Biden in power the knock on would certainly hit us.
Then there is the issue of Putin cutting the gas to Europe in early Autumn collapsing the German economy and the knock on effects will be terrible.
There are now plenty of historical individual accounts from the 1920s doing the rounds of how it affected people, and the one thing which keeps coming through is the speed at which it happened. No one expected it, no one was prepared for it, and it was a huge shock when it did.
Fascinating short BBC play from 1968. Demonstrates control via the MSM by means of compartmentalisation, misdirection, lies & blackmail . ‘The News Benders’ with Donald Pleasence & Nigel Davenporthttps://t.co/rvYCKxvJWg
Are Ukraine in the football World Cup in Qatar later on this year?
Just wondering if they are, will it be worth competing in it.
Will the other Countries just let them win out of sympathy/solidarity (virtue signalling) as in Eurovision.
EU trade war over NI – simple solution – tell the EU if they want a border they can get Eire to build one to separate the UK from the EU … this never gets a mention ….
…. The EU is an enemy and should be treated as such – Europe is ok apart from France and the Krauts – the BBC seems not to get this ….
EU mini states will suffer more than Blighty from a trade war …
The shooting at Buffalo.
BBC reports. The first sentence of the BBC report mentions the colour of skin of the killer.
”Witnesses to a racially-motivated attack at a New York state supermarket have been describing the horrific moment an 18-year-old white man pulled out a gun and began a shooting spree that left 10 people dead.”
I missed that bbbc report.
Did they also mention the 3 x mass shootings in Chicago a couple of days ago where 20 people were shot within a 24 hour period or do black shooters not count.
The pound is falling like a stone against international currencies meaning that imports become more expensive, and as it falls prices of all imported commodities (more or less everything) become more expensive.
This is an inevitable consequence of Blue Labour Socialist economic policy, and we have a media more interested in Elsie having to sit on a bus than they are in the root causes of the economic disaster of the Tories.
The Dollar hitting parity with the pound is an absolute disaster and shows total economic incompetence on behalf of the government. It should be a resignation matter for both Johnson and Sunak and I cannot think of a time when Tory economic mismanagement was worse than that of the Labour party.
I wonder if there was to be another election the Tories would be forced to apologise for their massive mismanagement of the economy as Labour have had to in the past, and I do wonder why it is that the Leftist supporting media are so used to Labour bankrupting the country that they have like all on the left no idea of what economic competence actually means.
“If socialists understood economics, they wouldn’t be socialists.” F A Hayek
Thoughtful
As requested from the DT – forgive me as I am not a troll so not very good at paste and cut ….
STARTS By Matthew Lynn
The Swiss franc hit parity with the dollar this week. A weakening euro is probably only days away from a one-to-one exchange rate. And the pound?
In reality it has been sinking like a stone against the American currency since the start of the year, making imports more expensive, undermining confidence in the British economy, and adding to an already worrying cost of living crisis.
True, there are plenty of global factors to explain that. From rising interest rates in the US, to energy security, to the inevitable rush to the ultimate safe haven as the war in Ukraine unfolded.
But we should also be clear on one point. The collapse in the value of the pound is also a damning verdict on Boris Johnson, the Prime Minister, and his increasingly hapless Chancellor, Rishi Sunak.
A series of catastrophic policy mistakes mean the British economy is heading into the worst crisis it has faced in a long time – and we can no longer rule out that sterling will fall all the way to parity with the dollar for the first time in its history.
Amid the soaring price of oil, the crash of the once high-flying tech stocks, and return of rampant inflation, it would have been easy to miss the other big financial trend of the year so far: the strengthening of the dollar.
Even with a hopelessly weak president, and with prices rising as quickly as anywhere in the world, money has been flowing back into the American currency. It hit the symbolic rate of one to one with the Swiss franc on Thursday. From 1.22 against the euro a year ago, the dollar has climbed to 1.04, and in the currency markets the expectation is that parity will be reached some time this month.
The European currency has not been this weak since the winter of 2001 right after its launch when it dropped all the way down to 90 cents before steadily recovering.
If anyone was hoping that the pound would be exempt from that, they are deluding themselves. In the space of the last month sterling has dropped from $1.31 (£1.09) to $1.22, and over the last year from $1.41. And it is still getting steadily weaker with every week that passes.
Sure, there are plenty of explanations for why the dollar is so strong, and all of them make plenty of sense. First, the Federal Reserve started lifting interest rates from close to zero before any other major central bank, and winding up its programme of quantitative easing as well, and that helps the currency.
Next, it is self-sufficient in energy (wow, fracking works, who could have possibly guessed), which means the vast increases in the cost of oil and gas are not blowing out the trade deficit, or stoking inflation.
And finally, in a moment of global turmoil it remains the ultimate safe haven, and as Russian tanks moved into Ukraine it was no surprise that assets around the world also moved into dollars. Any of those factors would have strengthened the dollar. Put them all together, and its rise was inevitable.
And yet, we all should not ignore one very simple fact. The UK has put itself in a uniquely vulnerable position, and it has done so through poor leadership, and a series of major policy blunders. Such as?
Our departure from the European Union has worsened the trade deficit at precisely the wrong moment. It hit £278bn in the first quarter of the year, the highest figure on record, and equivalent to 1.8pc of GDP.
The total trade deficit has widened
Combination chart with 4 data series.
View as data table, The total trade deficit has widened
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying £bn. Data ranges from -62.2 to 37.
In our view, this is a big enough deficit to merit concern about the stability of sterling,” argued High Frequency Economics in a note this week. Unfortunately that is true. We could have mitigated the impact of Brexit with a number of radical policies to scrap tariffs, deregulate and cut taxes to dramatically improve our competitiveness.
Instead, we left everything as it was, and put up some trade barriers, so we can hardly be surprised if the trade balance has worsened.
Next, a senseless commitment to hitting “net zero” before any other major economy, and an addiction to climate virtue signalling, means we have run down North Sea oil and gas, and left huge shale oil reserves unexploited. The result? We have had to pay vastly more for imported energy when we could easily have been self-sufficient.
Finally, we have become addicted to state spending, and hooked on printed money. We have ramped up public spending to levels unprecedented in peace time, with taxes set to rise and rise to pay for it, making our economy less competitive than ever.
Even worse, as QE winds up, we will have to borrow money from abroad to pay for both the trade and public sector deficits, and the UK will have to be very cheap to persuade anyone to park their money in the currency. It is not a happy mix.
In reality, a series of self-inflicted mistakes have weakened the British economy. A weaker currency is going to increase the price of everything we import, making the cost of living crisis even worse than it otherwise would be. It is going to undermine the confidence of the global markets. And it will make British industry vulnerable to takeovers at a time when it should be strengthening its position in the world.
The lowest the pound has ever been since the currency was floated in the early 1970s was $1.08 (on Feb 25 1985, in case anyone’s memory doesn’t stretch back quite that far). It looks inevitable it will weaken still further over the summer.
It may survive without hitting parity, but it is definitely about to hit all-time lows. And if it does go to the humiliating level of one to one with the dollar, the lowest in its history, it will be a damning verdict on Johnson’s increasingly dismal premiership.ENDS
Wow, not pleasant reading for a Sunday afternoon, and maybe even worse than I thought. Thanks for posting it, but not really what I wanted to read!
What are your thoughts about this? I would have thought the Left wing media would have been all over this, but the problems are all as a result of Socialist economic policies so maybe not?
It’s not looking at all good for the UK and Europe when the mess America is in isn’t as bad as our own.
Thoughtful – it is as bad as i read things – my pessimism about rising interest rates is founded …. The consequences of people experiencing rising rates is uncertain to me …
And i dont just mean economically – and companies cut back on jobs or failing the labour market wont have excess vacancies – just a recession or worse .
Would economic strain force nut nut / richi out ? More political stress with calls for a GE / scots independence/ irish referendum – hung parliament … all in the later part of 2022/ early 2023 ?
This makes the assumption that putin will stay in place and the ukraine war continues…..
Maybe putin is ended and a sane russian military takes over …. Although with NATO strengthening it would be tricky for a new russian regime ….
What does the individual do ? Stockpile stuff … prepare for the worst.. keep a liitle less in the bank and more real notes … but theres only a limit to what can be done ..
Kinell
Tardis?
Anything is better than the Home Office’s attempts to deport illegals.
The Human Rights Lawyers are running rings around them .
Apparently a substantial numbered foreign criminals failed to be deported today.
Thoughtful – here is another one from the DT
From Liam Halligan on GBNews fame
STARTS
Could the pound be heading for parity with the dollar? Sterling has lost a tenth of its value against the US currency since the start of 2021 and is now close to the psychologically important $1.20 benchmark.
Much of that fall has been over recent weeks, with the pound slipping from around $1.31 in mid-April to just over $1.22 this weekend – a drop of almost 7pc – as the cost of living crisis has escalated.
Sterling lost no less than 2.5 US cents in a single day, on May 5 – after the Bank of England unveiled its new inflation prediction while warning that the UK could lurch into recession by the end of the year.
The market response was immediate – and nasty. News Threadneedle Street is expecting headline inflation to reach 10pc in late 2022 – five times the Bank’s 2pc target – saw traders launch a sustained attack on the pound.
Last Thursday, sterling slipped further, after a slew of bad data showed how inflation, and falling consumer spending power, is already throttling UK economic momentum.
GDP contracted 0.1pc in March, with retail trade down no less than 2.8pc on the previous month, as food and energy prices spiralled in the aftermath of Russia’s invasion of Ukraine and related Western sanctions. Manufacturing meanwhile dropped 0.2pc, with lockdown-related supply chain snarl-ups continuing to bite, not least across the automotive sector.
As the numbers sank in, sterling fell to a fresh two-year low, before recovering slightly on Friday. But the risk of UK stagflation – the ghastly combination of soaring inflation and economic stagnation, last seen in the 1970s – now looms large. That’s why some traders predict the first sustained drop in sterling below $1.20 since 1985.
And given how quickly the pound has fallen over the past month, there is even open discussion the UK currency could soon collapse to near-parity – with one pound equalling one dollar.
Sterling is under pressure in part, of course, due to the strength of the US currency – which last week climbed to a fresh 20-year high, amid concerns central bank actions to tackle inflation across the world will flatten global growth, boosting the dollar’s appeal as a safe haven.
US inflation actually fell slightly, we learnt last week, to 8.3pc in April, from 8.5pc the previous month. As a world-leading producer of both food and energy, America is far less exposed than Western Europe to the economic fallout from war in Ukraine.
Since the start of the year, the dollar has anyway benefited from “flight to quality” investment flows, as reasons to be nervous have mounted – the impact of the omicron strain and the re-emergence of China’s zero-Covid restrictions dampening growth in the world’s second-largest economy, as well as war in Ukraine.
It’s noticeable, though, the pound has lost ground since mid-April, not just against the dollar but to other currencies too, with sterling down about 3pc against the euro.
Britain was meant to be in the midst of a post-lockdown bounce-back by now, with the official 2022 GDP growth forecast up at 6pc as recently as late March. Less than two months on, Britain is heading for the slowest growth and the highest inflation of any G7 economy – amidst rising political uncertainty. As far as the currency markets are concerned, it’s an unattractive combination.
The recent sell-off in sterling came despite the Bank of England’s monetary policy committee raising interest rates earlier this month, for the fourth time in as many meetings, from 0.75 to 1pc – the highest level in 13 years. A rate rise generally makes a currency more attractive given the higher return – but sterling plunged.
The reason was that the markets had been expecting an increase not of 25 but 50 basis points to 1.25pc – along with a strong signal of many more rate rises to come.
Yet Governor Andrew Bailey and his team didn’t deliver that, while also failing to signal the beginning of attempts to rein in the Bank of England’s massively expanded balance sheet – so called quantitative tightening, countering at least some of £875bn of quantitative easing we’ve seen since the 2009 global financial crisis. Half of that massive monetary expansion has come since the Covid pandemic, being used in part to pay for furlough, business support loans and other lockdown-related measures.
The reality is that financial markets are now unclear whether the Bank of England cares more about tackling inflation – which is meant to be its mandate – or pandering to avoiding recession. After all, Bank officials spent months denying inflation was a serious problem, referring to UK price pressures as “transitory” even towards the end of last year – months after break-even spreads and other markets signals were warning inflation was set to soar.
That’s why, as this column has often observed, the Bank’s credibility is now seriously in question, along with its broader independence.
And, at times of crisis, that lack of credibility really matters.
Sterling is now at risk of falling into a “doom loop”, given that a lower pound results in more expensive imports, adding to upward prices pressures. The resulting rise in inflation then pushes the pound down even more, creating a downward spiral.
The UK is particularly susceptible to this danger, given high dependence on imports. During the first quarter of this year, the trade deficit of goods and services widened from £14.9bn to £25.2bn, according to last week’s official data.
That’s the largest quarterly shortfall on record – with net trade acting as a drag on growth, while adding to price pressures by weighing down sterling. In March alone, the total value of tangible imports soared 9.3pc, in part due to the rising cost of energy sourced abroad, highlighting just how vulnerable the UK is to imported inflation.
The Bank of England claims it can’t do anything about the price of energy and food on global markets. Governor Bailey inserts this argument into his every public utterance.
But if decisive rate rises help prevent sterling’s fall, they would help hugely in efforts to rein in rampant inflation. They might also help the Bank regain at least some credibility after months of drift and poor leadership, credibility sorely needed in the months to come.ENDS
I will digest these later but if the view is that UK interesr rates need to go up quickly – I agree ….but the pain will really hurt ….
Funny how our lefty socialist twats demand borders when it suites them, and bang on about Ukraines sovereign rights against illegal invaders, whilst vilifying a president who wanted to secure his US southern border against illegal invaders, and vilifying a UK goverment that wants to deport foreign criminals and protect our soveriegnty from illegal benefit and council house seeking immigrant chancers arriving over the channel, again, when it suits them to talk thru their collective arses.
RE my post above before any leftist trolls bang on about the need to provide asylum for the dregs of the world, just a few of the many examples of the risks we are being exposed to:
Afghan asylum seeker who sexually assaulted two women and battered three with a hammer in terrifying West End rampage begins 18 years behind bars
Six stories on Daily Mail site regarding this with the words “racist” and “white supremacist” used frequently.
As opposed, for example, to this:
Nine foreigners among Melbourne car attack injured
A man who mowed down 18 pedestrians in Melbourne, half of them foreigners, said he carried out the attack to avenge “mistreatment of Muslims”
The 32-year-old, who came to Australia as a refugee, has a history of drug abuse and mental problems and Prime Minister Malcolm Turnbull reiterated that officials had established no terrorism link “at this stage”.
BBC at5.45 news. Some posh woman called Trevalyn looks into slavery in the sugar plantations and her family’s benefit from it. She states that ‘we invented slavery’.
More BBC re-writing history. The objective – reparations, reparations.
Obviously not an historian then, poshness does not impart common bleeding sense.
Egyptians had slaves thousands of years ago, as for the Africans, am just reading about the Congo and the Belgian AND arab slavers, and the african tribes that sold the slaves to them.
Where are the reparations for the ancient Britons enslaved by various invaders ?
Reparations from Italy for Boudicca’s descendents ?
Many places are now seeing the folly of relying on Russia for their oil and gas (although Trump pointed this out years ago)
Once this crisis is over and our rulers have their way when we are all in electric cars it’s good to know that our forward looking government(s) are making sure that supplies of the likes of lithium and cadmium are plentiful.
No more relying on one Country (like Russia) for these and many more elements needed for near future technical developments.
Nobody buying up or moving into large swathes of Africa (for example) and taking control of all these rare essential elements which are vital for things such as electric car batteries and integrated circuit chips.
At least I’ve not heard anything about this on the bbbc.
GB News mentioned some place doing it but our politicians don’t appear to be concerned so surely there’s no problem.
Ying tong yiddle I po.
or,
as Monty says
“They only come up to your knees”
Ah, but there is as ever a caveat to the socialist workers paradise. The minerals which go into the car batteries are also required for the fertiliser farmers use to keep us fed.
Now the nutters on the Left believe that the fields can be fertilised byb animal dung, but that only gives enough for 10 – 20% of arable land, meaning once again the Socialists are going to starve the population given half the chance.
Mao once managed this by killing the birds in the mistaken Socialist belief they were eating the crop – they were in fact eating the pests which ate the crop – millions died – lessons learned none. SOcialists don’t need to learn lessons as they never make mistakes (that they admit to anyway) including 750 million deaths they have caused and counting.
I braved the biased bbc website front page, “racially motivatred attack” the bbc are on it already of course and NOT a mention of lone wolf or mental health issues or that it is NOT terror related whuich we always get within hours of the latest muzzie attack.
Group w@nk time at the bbc, best day since partygate month.
Now all we need is to find a swastika or mention of the seond world war in his beroom pleeeez.
Although SIX bloody stories about a few people watching the bloody crap called Yoorovision
Now awaiting the backlash about “gay appropriation” for what should really be a fudgepackers only night.
The blame for the NI Protocol lies largely, but not entirely, with those EU-loving traitor parliamentarians and their little helpers who manoeuvred the government into the position where it was the protocol or no Brexit at all.
There are hundreds of them, as history will record (assuming we have proper historians in the future).
None of them will be remembered with any awe, reverence or affection.
Perhaps their descendants will be forced to apologise and pay reparations.
I see the BBC have been advertising a play on BBC3, an adaptation of a Sally Rooney novel, set in Ireland, (don’t know if its Eire or Ulster). Anyway it’s called “Normal People” What the hell do the BBC know about normal people. Answers on the back of a stamp please.
BBC fail to join the dots again.
On Countryfile, reviewing a forthcoming ‘water shortage crisis’, they fleetingly mentioned a’growing population’ as a contributory factor.
Would that be a growing population of the type seen on the beaches of Kent every day? Or extended family members of the Indian Subcontinent? Or the large families which seem endemic in supporters of certain religions common in places like Bradford, Rotherham, and other northern towns? Or the type which need all these hundreds of thousands of new houses which need to be built on green land for people who will then use a lot of water?
Strangely the BBC somehow manage not to pursue these obvious questions.
Countyfile tonight scaremongering about water supplies in Britain, main problems are too many people and increasing and more housing needed, causing more water required, do the BBC not see the problem?
So we are where we are. Zelensky has managed to get the wokerati onside and Russia is facing a dilemma. Back down or go full on.
Zelensky has made the destruction of the UK by nuclear missiles a prime target for Russia simply to get hysterical backing.
Russia will see this as a possible can-do because the UK is the nearest alien power with a substantial nuclear arsenal and is small enough to be snuffed out and destroying the UK in one go will have a devastating peffect on the rest of the European resistance.
The US will keep a distance until they can see a way ahead.
Boris is trying to be a second blustering Churchill and will end up walking us into armegeddon.
France and Germany can clearly see the madness and are keeping the hell out of it.
This is the most dangerous time for the UK ever.
Corner a dangerous animal and don’t offer a way out and you will get attacked with full force because they have nothing to lose.
Boris has made the targetting of the UK a priority for Russia but Putin must know that Boris’s hopeless premiership has rendered the UK completely defenceless.
An easier target for attack Russia could never have imagined.
The whole point of my Political Thinking series is to have conversations with politicians (& others) that reveal & surprise rather than repeat what you can hear on regular news shows https://t.co/RFBofK7ArE
Digg
I’ve just looked up the manual for armchair fieldmarshalls (me ) and it says that it would not be possible to destroy a country with nuclear weapons without somebody else getting upset and doing something in return – with or without Art 5 NATO treaty ….
The Americans might also notice a number of their bases going missing under a mushroom cloud . They might not be too pleased …
….also – it makes the assumption that the Russian nuclear forces are as loopy as putin and would launch against little Blighty on the down ….
…. However – I agree that it is probably the most dangerous time for us since – say 1940 – of that time before the atom bomb was being developed by the nazis to put on a V2 or V3 if mad Adolf had a few more months ….
I say it’s dangerous because there are accidents and cockups and now Finland and Sweden are fully in the mix – particularly Finland – 800 mile ? Border ….
… I wonder if putin has enough resources to do one of his famous ‘exercises ‘ near the Finnish border whilst saying he’d never invade ?really wish he was dead …
Black sister of man who was high on drugs behaving erratically in street with a knife and punched a policewoman to the ground before violently stamping on her says Scotland is racist.
And of course the BBC give her carte blanch to say whatever she wants.
Maybe those ‘racists’ just don’t like the types of people who do things like that and think Scotland would be a better place if they weren’t in it. Whatever colour they are.
Cue the disgraceful ‘Panorama’ investigation and the line ‘The BBC has evidence he did not stamp on the policewoman. They managed to find a witness who saw it and claims he didn’t see Sheku stamp on the woman. A little bit more research found this:
‘In a statement to the Police Investigation and Review Commissioner two days after Sheku died in May 2015, he said: “I believe he struck at [PC Short] with his closed fists at least three times. ”
“At this point I decided to go to for a closer look.
“It may have taken 10-20 seconds to do this.”
Which of course is when the stamping took place.
Scottish Police Federation chair Calum Steele has previously said there is “compelling” evidence of stamping.
But of course the BBC/Panorama have organised it all to give much more weight to the ‘Black man good, Police bad’ version without actually saying so. No doubt they told him to omit the bit about moving closer.
Isn’t it amazing how the BBC NEVER run any articles about black people being racist. Such as the attacks on Asians for example – which ‘The Guardian’ told me to ignore that because you can’t fight racism with more racism.
Which is of course exactly what these monumental hypocrite Leftists are doing.
We all know it’s a terrible event : 10 innocent people shot dead by a lunatic extremist. But the BBC have pushed this story through the roof because it is a white guy shooting black people.
In 2020, 10,000 people were murdered by guns and over 50% of those were black people shot by other black people. And all of them from only 13% of the population.
This statistic should have been mentioned in such a race based article as it is entirely relevant. 10 people compared to 5,000. But the grotesquely warped statistics about black people doing the murdering are totally avoided throughout the MSM.
All it proves to me is that the Left don’t give a dam about how many black people die. They are only interested when a right-wing white person does it so they can use it in their culture war.
If you think about it, it’s a very cynical, dirty and nasty thing to do and is motivated by ideological hatred. Which is what the Left do best. They think the ends justify whatever means they decide are needed.
I see another attack happened at a church in Orange county. One dead, 4 critical and a lot more deaths only avoided because of the bravery of the people who tackled the shooter.
Asian victims, non-white gunman. Let’s see how the BBC’s reporting compares when it’s not in line with their agenda. Because Asian lives don’t matter to them either.
There are significant racist attacks, in the US especially, and on the increase. They are asians attacked by mainly BLACK people, this fact coveniently ignored by the bbc and others.
Instead at the bbc of course its Danald Trunps fault:
“Some have directly blamed the anti-China rhetoric of former President Donald Trump, who often made mention of the pandemic as the “China virus” or the “kung flu”.
Elsewhere:
“Attacked. Why Are Hate Crime Charges So Rare?
Several recent attacks have not been charged as hate crimes, fueling protests and outrage among many Asian-Americans.
Don Lee, a community activist in New York, has been calling for more anti-Asian attacks to be publicly identified as hate crimes. “Let’s call it what it is,” he said. “These are not random attacks.”Credit…Chang W. Lee/The New York Times
Black man attacks 65 year old asian woman shouting you do not belong here, knocks her to the ground and repeatedly kicks her :
while two black people look on also.
Video sparks international outrage
Chilling video of Vilma’s attack went viral — and not just because of the violence.
Filmed from what appears to be a security camera inside an Midtown apartment complex, a man can be seen kicking Vilma as she collapses on the pavement outside.
At the same time, two doormen inside the building watch the incident, with one closing the building’s glass doors as it happens. They wait a minute for the perpetrator to leave before going outside.
During that time, two other people come and go from the building, appearing to walk past Vilma as she lies motionless on the street.
During that time, two other people come and go from the building, appearing to walk past Vilma as she lies motionless on the street.
The New York City Police Department (NYPD) later said no one called 911 to report the incident and that patrol officers driving by had come upon Vilma after the assault.
The two doormen have since been fired, according to the building owners.
Meanwhile back at the ranch, the Biden led insanity continues unabated:
“Wisconsin middle schoolers accused of sexual harassment for using wrong gender pronouns
Three Wisconsin boys are facing sexual harassment charges from their middle school over accusations that they used incorrect gender pronouns on a fellow student.
“I received a phone call from the principal over at the elementary school, forewarning me; letting me know that I was going to be receiving an email with sexual harassment allegations against my son,” Rosemary Rabidoux, a parent of one of the accused, told Fox 11 News last week.
“I immediately went into shock. I’m thinking, sexual harassment? That’s rape, that’s inappropriate touching, that’s incest” Rabidoux continued. “What has my son done?”
But none of the concerns Rabidoux had were at issue. Instead, her 13-year-old son, Braden, was accused of using incorrect pronouns to address another student at Kiel Middle School. ”
“Now her son and two other boys are being charged by school officials with Title IV violations, which prohibits gender-based harassment.
The incident in question reportedly took place in March, when a student announced a preference of “they” and “them” to identify them.
“She had been screaming at one of Braden’s friends to use proper pronouns, calling him profanity, and this friend is very soft-spoken, and kind of just sunk down into his chair,” Rabidoux said. “Braden finally came up, defending him, saying ‘He doesn’t have to use proper pronouns, it’s his constitutional right to not use, you can’t make him say things.’”
The mother told ABC 2 News that the new pronoun preference also caused confusion for her son, with her instructing him to just address the student by their name instead.
“It’s plural. It doesn’t make sense to him. I said so, I told him to call them by their names.” Rabidoux said.”
ZephirDec 25, 19:39 Christmas 2024 Sorry it just doesn’t work for me, much as I admire Mr MQueen, a ford mustang going through barbed wire,…
StewGreenDec 25, 19:34 Christmas 2024 I am looking at Blue Sky to see what Twitter traffic has diverted there . It’s a Lefty-Echo Chamber since…
ZephirDec 25, 19:14 Christmas 2024 Quite a few home schooled apprentice gynaecologists though, with some ground breaking new approaches to the subject according to court…
Fedup2Dec 25, 19:09 Christmas 2024 Scroblene – well done on ‘the great escape ‘ .. sounds like a good evening for you ..Happy Christmas ….
Lefty WrightDec 25, 19:07 Christmas 2024 wronged I wonder if His Majesty can point to a single nation on earth that bears out his assumption.
Fedup2Dec 25, 19:03 Christmas 2024 Stew I always make a point of listening to that – and noticed the content / knowledge has declines across…
Fedup2Dec 25, 18:58 Christmas 2024 JohnC I watched it ‘back to back ‘… I can’t be effusive about either the story or the acting -…
ZephirDec 25, 18:55 Christmas 2024 Human evolution provides unequivocal evidence of this, thus tribes, and the animal kingdom. Any hyenas wanting to join a lions…
Wasn’t it supposed to be a SONG contest last night? To
be honest I should of known there was a public vote as well.
Ukraine must of been the best bet to win since ABBA in 1974
and then it was for the best song.
I was half asleep sitting next to my wife when
the points for the public vote came in. Before I was nearly
throwing a brick at the screen at the Italian presenter who
must of been, the most infuriating presenter EVER. I am not 100%
sure if EVERY country that voted in the public vote gave Ukraine
12 points. The only one that might not of was possibly Serbia
who amongst all the countries are pro Russia. But maybe even the public in Serbia gave them 12 points?
The Ukranian song could of been” My old man’s a dustman” and
it would of won.
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Foscari.
I wonder if Russia will also give us next years winner in the Eurovision Song Contest by attacking Moldova or some other neighbour.
The bookies will not be taking any bets on the Country Putin next decides that historically belongs to Russia or to protect the inhabitants from neo Nazis if they have an entry in next years contest being held in the Mariupol Steelworks.
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Seems a specialist investigation by the BBC from a W1A PC suggests an A. Campbell dropped a major bet on Iraq winning Eurovision as Tony was proposing to rub our noses in that too.
Lost a mint. And his marbles.
This lark makes The Pelican Brief seem rational.
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Manny-As I wrote in a previous contribution. Lets just hope
that Russia doesn’t bomb Kiev during next years
song contest in the Ukranian capitol. That’s if there is still a Ukraine. Or for that matter still a Europe. Listen for all the
sarcasm we still had the best ethnic head of the voting
panels from all the countries ,
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Foscari.
Now here’s a little story….
It would have deserved to!
An excellent Lonnie Donnegan song recorded live at the Gaumont Theatre, Doncaster in early 1960.
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That Zelensky wears gor blimee trousers
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I was at a loose end yesterday, so i had a scoot through the bbc iplayer. I should point out (In case any pedants are about) that I don’t have a tv licence but my office is at my parents’ house; they have a licence, so I’m ok to use the iplayer there. I’m a bit of a space junkie, being 11 in 1969 so events around that time left a lasting impression. I was looking at footage from the “New horizons” mission which flew by Pluto, at one point the outermost planet but now referred to as a “Kuiper belt object” as it’s dinky by planet standards and is only one of millions of similar rocks that far out. New horizons then flew by a peanut shaped rock, called “Ultima Thule”. Now though, it is referred to as “Arrokoth”. I was curious about this, so I set out to find out the reason for the change of name. “Ulitma thule” is a a phrase of viking origin, meaning “The land far beyond” or similar. This phrase has been adopted by (You guessed it) White supremacist and Nazi groups. Arrokoth is a native american (Formerly red indian) word meaning “Even in the far reaches of the solar system, some woke gonk can get offended and call you a racist”. I sometimes could weep for Mankind and what it became, particualrly when this followed looking back at what was acheived around 1969. Ye Gods.
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OT, but Fail may have missed out on life reflecting art here.
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You can’t make it up.
On Toady on Sunday, there was a feature about Catholic Nuns.
Actually I am lying.
The feature was about BLACK Catholic Nuns.
As described by the BBC woke box-tickers.
Given that black catholic nun stories are in all likelihood pretty thin on the ground, it wonderfully shows the lengths to which the BBC are prepared to go to meet their pro-BAME-at-all-costs propagandising agenda.
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Just another happy sunday story
The 3rd biggest producer or wheat ( india ) is to cease exports because the harvest was bad …
….. or do i detect putin doing a bit pf economic warfare … maybe the UK could ban exporting borrowed pounds to regimes like india ….?
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I wonder how much of UK benefits end up over there and the middle east once they are in the system then on permanent holidays over there ?
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Nut nut is off to the UAE for s sheikh funeral Monday – he ll need his knee pads to beg for a cheaper oil supply ( again ) – you might recall he tried and failed last month – gotta beg I guess …
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Zeph
Have you not noticed the proliferation of Western Union and similar money transfer facilities which have sprouted up in recent years?
I bet they don’t attract much incoming.
But to be fair I dare say Eastern Europe does at least as well as the Indian subcontinent.
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For all who suspect the “klimate krisis” (sic) may be more than suspect, I recommend the following short video.
One of the takeaways from this is that governments have been looking for external crises to deflect countries from the “economic cost” of war since the idea was first postulated in 1917.
And reports that say “an effective political substitute for war will require external enemies”, and, “experiments have been proposed”.. Orson Welles ?
And now, since little green men did not work out, it seems the alternative, a climate threat, may be in order, or “pollution” as it was termed in the 50s and 60s.
https://rumble.com/v10uf6n-the-coming-ufo-hoax-by-bill-cooper.html
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All last week the weather people, be it the Met Office on GB News or the odd BBC forecast I saw, said it would be warm this weekend – even rising to 21 degrees (which means nearly 70 degrees F). We are mid May – temperatures in the low 80s are not impossible at this time of year. And now the Daily Mail is telling us the ‘mini heat wave’ will end this evening with rain. Well yesterday was very pleasant – but scarcely hot around here in the north.
I watch how weather people on the BBC and GB News talk up heat eg ‘it is going to be hot next week’ etc when what they mean is ‘you might shed your vest’. I wonder if they really believe what they are saying.
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What fun it is when the BBC are so focussed on their agenda that they miss the glaringly obvious.
Two recent examples about the ‘cost of living ‘ crisis.
1. A woman carefully selected for Interview was ‘at her wits end’ because her son’s favourite comic/ magazine had gone up from around £2.80 to around £4.50. She was distraught. How is she going to put food on the table when magazines cost so much?
2. A woman carefully selected for interview was worried about putting food on the table. She weighed about 17 stone.
In my simple world, the solutions to the above are clear and simple but clearly way beyond the abilities, or more likely the agenda-driven propagandising of the BBC
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There is an obesity ‘crisis ‘ apparently – too much food being eaten for too little activity – so rising food prices will produce healthier – less obese people – right ?
Same with petrol / car usage – a fall in the first quarter even as a sort of normality returned – this is seen as ‘bad news ‘ – but in the BBC world surely a good thing ? The planet is being ‘saved ‘… me – keep burning that diesel ….
…. My area in London is over run with 125cc Xmax bike deliverers – either drugs or take aways or both – I’m waiting for this ‘cost of living crisis ‘ to put them out of business …. But I somehow think pizza / herbal tobacco will always be affordable ….
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Here is something I can almost guarantee you won’t know about unless you work in the banking industry.
Bank Bail ins.
https://www.bankofengland.co.uk/freedom-of-information/2021/questions-about-bail-in-and-customer-deposits
‘Due to the bail in rules how safe is customers money deposited in high street banks? If banks come in to financially difficulty can they take money out of customers accounts and use it to keep the bank afloat?
If the answer is yes, how much money would the banks be able to take out and use and when would the customers involved expect to get their money back, or would that money simply disappear?’
With respect to depositors whose deposits are not fully protected by the FSCS, bail-in would be applied in accordance with the insolvency creditor hierarchy. This sets out the order in which shareholders, creditors and depositors of a company would receive recoveries should a bank be placed into an insolvency process (also referred to commonly as a ‘liquidation’).
In line with the creditor hierarchy, deposits not protected by the FSCS would only be subject to bail-in if losses are so high that subjecting all of the shareholders and a number of debt-holders to bail-in would not be sufficient (for further detail see page 19 of the Executing-bail-in-an-operational-guide-from-the-Bank-of-England Opens in a new window). This is because of the preference in the creditor hierarchy from which certain deposits, including those of retail depositors, benefit.
I wonder how many of the High Street Banks are going to be looking to use their customers accounts to keep them afloat in the coming depression?
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Thoughtful – I think your mention of ‘depression ‘ ups the ante as far as my prediction of recession – inflation over 10% by 2023 and maybe – maybe rates about 4% by then
The Bank of England suffered wishful thinking at the end of 2022 that inflation wouldn’t take off – it didn’t even response when putin got going – I wonder if the next rate rise – next month or the month after will be .5% – then maybe it will really be noticed across the economy …. I’m not sure what the rate of end of fixed rate mortgages is – but a 4% interest rate in 2023 could really bite those repayments …..
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If you believe the prognostications of economists, investors, and of course the ever pessimistic Fox news (Probably with good reason) the America is headed for something much worse than a simple recession.
A depression at least as bad as the 1920s one if being forecast, and as we all know when America sneezes the whole world catches a cold.
The UK as an isolated economy might well not suffer, a depression, but with Biden in power the knock on would certainly hit us.
Then there is the issue of Putin cutting the gas to Europe in early Autumn collapsing the German economy and the knock on effects will be terrible.
There are now plenty of historical individual accounts from the 1920s doing the rounds of how it affected people, and the one thing which keeps coming through is the speed at which it happened. No one expected it, no one was prepared for it, and it was a huge shock when it did.
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Are Ukraine in the football World Cup in Qatar later on this year?
Just wondering if they are, will it be worth competing in it.
Will the other Countries just let them win out of sympathy/solidarity (virtue signalling) as in Eurovision.
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EG
Russia v Ukraine in the final ….
World at 1
EU trade war over NI – simple solution – tell the EU if they want a border they can get Eire to build one to separate the UK from the EU … this never gets a mention ….
…. The EU is an enemy and should be treated as such – Europe is ok apart from France and the Krauts – the BBC seems not to get this ….
EU mini states will suffer more than Blighty from a trade war …
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The shooting at Buffalo.
BBC reports. The first sentence of the BBC report mentions the colour of skin of the killer.
”Witnesses to a racially-motivated attack at a New York state supermarket have been describing the horrific moment an 18-year-old white man pulled out a gun and began a shooting spree that left 10 people dead.”
https://www.bbc.co.uk/news/world-us-canada-61454989
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GWF
I missed that bbbc report.
Did they also mention the 3 x mass shootings in Chicago a couple of days ago where 20 people were shot within a 24 hour period or do black shooters not count.
https://www.nbcchicago.com/news/local/chicago-activists-call-for-urgency-action-after-3-mass-shootings-in-24-hours/2830562/
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And the news of dire economic performance appears to be all but unmentioned in the media.
Someone on these pages I believe has a Telegraph subscription, perhaps they would do the favour of posting this?
https://www.telegraph.co.uk/business/2022/05/13/boris-johnsons-catastrophic-mistakes-pushing-pound-dollar-parity/
Boris Johnson’s catastrophic mistakes are pushing the pound to dollar parity
Collapse in sterling’s value is a damning verdict on this Government’s dismal performance
https://www.bloomberg.com/opinion/articles/2022-05-11/sterling-s-drop-to-parity-with-the-dollar-is-a-real-risk
The pound is falling like a stone against international currencies meaning that imports become more expensive, and as it falls prices of all imported commodities (more or less everything) become more expensive.
This is an inevitable consequence of Blue Labour Socialist economic policy, and we have a media more interested in Elsie having to sit on a bus than they are in the root causes of the economic disaster of the Tories.
The Dollar hitting parity with the pound is an absolute disaster and shows total economic incompetence on behalf of the government. It should be a resignation matter for both Johnson and Sunak and I cannot think of a time when Tory economic mismanagement was worse than that of the Labour party.
I wonder if there was to be another election the Tories would be forced to apologise for their massive mismanagement of the economy as Labour have had to in the past, and I do wonder why it is that the Leftist supporting media are so used to Labour bankrupting the country that they have like all on the left no idea of what economic competence actually means.
“If socialists understood economics, they wouldn’t be socialists.” F A Hayek
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Thoughtful
As requested from the DT – forgive me as I am not a troll so not very good at paste and cut ….
STARTS By Matthew Lynn
The Swiss franc hit parity with the dollar this week. A weakening euro is probably only days away from a one-to-one exchange rate. And the pound?
In reality it has been sinking like a stone against the American currency since the start of the year, making imports more expensive, undermining confidence in the British economy, and adding to an already worrying cost of living crisis.
True, there are plenty of global factors to explain that. From rising interest rates in the US, to energy security, to the inevitable rush to the ultimate safe haven as the war in Ukraine unfolded.
But we should also be clear on one point. The collapse in the value of the pound is also a damning verdict on Boris Johnson, the Prime Minister, and his increasingly hapless Chancellor, Rishi Sunak.
A series of catastrophic policy mistakes mean the British economy is heading into the worst crisis it has faced in a long time – and we can no longer rule out that sterling will fall all the way to parity with the dollar for the first time in its history.
Amid the soaring price of oil, the crash of the once high-flying tech stocks, and return of rampant inflation, it would have been easy to miss the other big financial trend of the year so far: the strengthening of the dollar.
Even with a hopelessly weak president, and with prices rising as quickly as anywhere in the world, money has been flowing back into the American currency. It hit the symbolic rate of one to one with the Swiss franc on Thursday. From 1.22 against the euro a year ago, the dollar has climbed to 1.04, and in the currency markets the expectation is that parity will be reached some time this month.
The European currency has not been this weak since the winter of 2001 right after its launch when it dropped all the way down to 90 cents before steadily recovering.
If anyone was hoping that the pound would be exempt from that, they are deluding themselves. In the space of the last month sterling has dropped from $1.31 (£1.09) to $1.22, and over the last year from $1.41. And it is still getting steadily weaker with every week that passes.
Sure, there are plenty of explanations for why the dollar is so strong, and all of them make plenty of sense. First, the Federal Reserve started lifting interest rates from close to zero before any other major central bank, and winding up its programme of quantitative easing as well, and that helps the currency.
Next, it is self-sufficient in energy (wow, fracking works, who could have possibly guessed), which means the vast increases in the cost of oil and gas are not blowing out the trade deficit, or stoking inflation.
And finally, in a moment of global turmoil it remains the ultimate safe haven, and as Russian tanks moved into Ukraine it was no surprise that assets around the world also moved into dollars. Any of those factors would have strengthened the dollar. Put them all together, and its rise was inevitable.
And yet, we all should not ignore one very simple fact. The UK has put itself in a uniquely vulnerable position, and it has done so through poor leadership, and a series of major policy blunders. Such as?
Our departure from the European Union has worsened the trade deficit at precisely the wrong moment. It hit £278bn in the first quarter of the year, the highest figure on record, and equivalent to 1.8pc of GDP.
The total trade deficit has widened
Combination chart with 4 data series.
View as data table, The total trade deficit has widened
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying £bn. Data ranges from -62.2 to 37.
In our view, this is a big enough deficit to merit concern about the stability of sterling,” argued High Frequency Economics in a note this week. Unfortunately that is true. We could have mitigated the impact of Brexit with a number of radical policies to scrap tariffs, deregulate and cut taxes to dramatically improve our competitiveness.
Instead, we left everything as it was, and put up some trade barriers, so we can hardly be surprised if the trade balance has worsened.
Next, a senseless commitment to hitting “net zero” before any other major economy, and an addiction to climate virtue signalling, means we have run down North Sea oil and gas, and left huge shale oil reserves unexploited. The result? We have had to pay vastly more for imported energy when we could easily have been self-sufficient.
Finally, we have become addicted to state spending, and hooked on printed money. We have ramped up public spending to levels unprecedented in peace time, with taxes set to rise and rise to pay for it, making our economy less competitive than ever.
Even worse, as QE winds up, we will have to borrow money from abroad to pay for both the trade and public sector deficits, and the UK will have to be very cheap to persuade anyone to park their money in the currency. It is not a happy mix.
In reality, a series of self-inflicted mistakes have weakened the British economy. A weaker currency is going to increase the price of everything we import, making the cost of living crisis even worse than it otherwise would be. It is going to undermine the confidence of the global markets. And it will make British industry vulnerable to takeovers at a time when it should be strengthening its position in the world.
The lowest the pound has ever been since the currency was floated in the early 1970s was $1.08 (on Feb 25 1985, in case anyone’s memory doesn’t stretch back quite that far). It looks inevitable it will weaken still further over the summer.
It may survive without hitting parity, but it is definitely about to hit all-time lows. And if it does go to the humiliating level of one to one with the dollar, the lowest in its history, it will be a damning verdict on Johnson’s increasingly dismal premiership.ENDS
Sorry about the graphs missing …
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Wow, not pleasant reading for a Sunday afternoon, and maybe even worse than I thought. Thanks for posting it, but not really what I wanted to read!
What are your thoughts about this? I would have thought the Left wing media would have been all over this, but the problems are all as a result of Socialist economic policies so maybe not?
It’s not looking at all good for the UK and Europe when the mess America is in isn’t as bad as our own.
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Thoughtful – it is as bad as i read things – my pessimism about rising interest rates is founded …. The consequences of people experiencing rising rates is uncertain to me …
And i dont just mean economically – and companies cut back on jobs or failing the labour market wont have excess vacancies – just a recession or worse .
Would economic strain force nut nut / richi out ? More political stress with calls for a GE / scots independence/ irish referendum – hung parliament … all in the later part of 2022/ early 2023 ?
This makes the assumption that putin will stay in place and the ukraine war continues…..
Maybe putin is ended and a sane russian military takes over …. Although with NATO strengthening it would be tricky for a new russian regime ….
What does the individual do ? Stockpile stuff … prepare for the worst.. keep a liitle less in the bank and more real notes … but theres only a limit to what can be done ..
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https://www.bbc.co.uk/news/uk-england-birmingham-61455926
One of those men again?
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Probably renting girls to his mates.
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The BBC’s new Rwandan Dr Who will at least be able to transport the Refugees to Rwanda quickly via the Tardis.
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Kinell
Tardis?
Anything is better than the Home Office’s attempts to deport illegals.
The Human Rights Lawyers are running rings around them .
Apparently a substantial numbered foreign criminals failed to be deported today.
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Thoughtful – here is another one from the DT
From Liam Halligan on GBNews fame
STARTS
Could the pound be heading for parity with the dollar? Sterling has lost a tenth of its value against the US currency since the start of 2021 and is now close to the psychologically important $1.20 benchmark.
Much of that fall has been over recent weeks, with the pound slipping from around $1.31 in mid-April to just over $1.22 this weekend – a drop of almost 7pc – as the cost of living crisis has escalated.
Sterling lost no less than 2.5 US cents in a single day, on May 5 – after the Bank of England unveiled its new inflation prediction while warning that the UK could lurch into recession by the end of the year.
The market response was immediate – and nasty. News Threadneedle Street is expecting headline inflation to reach 10pc in late 2022 – five times the Bank’s 2pc target – saw traders launch a sustained attack on the pound.
Last Thursday, sterling slipped further, after a slew of bad data showed how inflation, and falling consumer spending power, is already throttling UK economic momentum.
GDP contracted 0.1pc in March, with retail trade down no less than 2.8pc on the previous month, as food and energy prices spiralled in the aftermath of Russia’s invasion of Ukraine and related Western sanctions. Manufacturing meanwhile dropped 0.2pc, with lockdown-related supply chain snarl-ups continuing to bite, not least across the automotive sector.
As the numbers sank in, sterling fell to a fresh two-year low, before recovering slightly on Friday. But the risk of UK stagflation – the ghastly combination of soaring inflation and economic stagnation, last seen in the 1970s – now looms large. That’s why some traders predict the first sustained drop in sterling below $1.20 since 1985.
And given how quickly the pound has fallen over the past month, there is even open discussion the UK currency could soon collapse to near-parity – with one pound equalling one dollar.
Sterling is under pressure in part, of course, due to the strength of the US currency – which last week climbed to a fresh 20-year high, amid concerns central bank actions to tackle inflation across the world will flatten global growth, boosting the dollar’s appeal as a safe haven.
US inflation actually fell slightly, we learnt last week, to 8.3pc in April, from 8.5pc the previous month. As a world-leading producer of both food and energy, America is far less exposed than Western Europe to the economic fallout from war in Ukraine.
Since the start of the year, the dollar has anyway benefited from “flight to quality” investment flows, as reasons to be nervous have mounted – the impact of the omicron strain and the re-emergence of China’s zero-Covid restrictions dampening growth in the world’s second-largest economy, as well as war in Ukraine.
It’s noticeable, though, the pound has lost ground since mid-April, not just against the dollar but to other currencies too, with sterling down about 3pc against the euro.
Britain was meant to be in the midst of a post-lockdown bounce-back by now, with the official 2022 GDP growth forecast up at 6pc as recently as late March. Less than two months on, Britain is heading for the slowest growth and the highest inflation of any G7 economy – amidst rising political uncertainty. As far as the currency markets are concerned, it’s an unattractive combination.
The recent sell-off in sterling came despite the Bank of England’s monetary policy committee raising interest rates earlier this month, for the fourth time in as many meetings, from 0.75 to 1pc – the highest level in 13 years. A rate rise generally makes a currency more attractive given the higher return – but sterling plunged.
The reason was that the markets had been expecting an increase not of 25 but 50 basis points to 1.25pc – along with a strong signal of many more rate rises to come.
Yet Governor Andrew Bailey and his team didn’t deliver that, while also failing to signal the beginning of attempts to rein in the Bank of England’s massively expanded balance sheet – so called quantitative tightening, countering at least some of £875bn of quantitative easing we’ve seen since the 2009 global financial crisis. Half of that massive monetary expansion has come since the Covid pandemic, being used in part to pay for furlough, business support loans and other lockdown-related measures.
The reality is that financial markets are now unclear whether the Bank of England cares more about tackling inflation – which is meant to be its mandate – or pandering to avoiding recession. After all, Bank officials spent months denying inflation was a serious problem, referring to UK price pressures as “transitory” even towards the end of last year – months after break-even spreads and other markets signals were warning inflation was set to soar.
That’s why, as this column has often observed, the Bank’s credibility is now seriously in question, along with its broader independence.
And, at times of crisis, that lack of credibility really matters.
Sterling is now at risk of falling into a “doom loop”, given that a lower pound results in more expensive imports, adding to upward prices pressures. The resulting rise in inflation then pushes the pound down even more, creating a downward spiral.
The UK is particularly susceptible to this danger, given high dependence on imports. During the first quarter of this year, the trade deficit of goods and services widened from £14.9bn to £25.2bn, according to last week’s official data.
That’s the largest quarterly shortfall on record – with net trade acting as a drag on growth, while adding to price pressures by weighing down sterling. In March alone, the total value of tangible imports soared 9.3pc, in part due to the rising cost of energy sourced abroad, highlighting just how vulnerable the UK is to imported inflation.
The Bank of England claims it can’t do anything about the price of energy and food on global markets. Governor Bailey inserts this argument into his every public utterance.
But if decisive rate rises help prevent sterling’s fall, they would help hugely in efforts to rein in rampant inflation. They might also help the Bank regain at least some credibility after months of drift and poor leadership, credibility sorely needed in the months to come.ENDS
I will digest these later but if the view is that UK interesr rates need to go up quickly – I agree ….but the pain will really hurt ….
I mean 10% by the end of 2022? Wow – ugh
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As i say – if the EU wants a border between EIre and the UK – it can build a border cant it ?
Otherwise the UK should tell the EU to take a flying eff and live with the consequences ( we ll see how much exporters from the EU suffer ) …
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Funny how our lefty socialist twats demand borders when it suites them, and bang on about Ukraines sovereign rights against illegal invaders, whilst vilifying a president who wanted to secure his US southern border against illegal invaders, and vilifying a UK goverment that wants to deport foreign criminals and protect our soveriegnty from illegal benefit and council house seeking immigrant chancers arriving over the channel, again, when it suits them to talk thru their collective arses.
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https://www.chicksonright.com/blog/2022/05/15/musk-reveals-how-twitter-is-secretly-manipulating-users-explains-how-to-fix-it/?
Besides twitter being BBC catnip, this also features their old main man of faith, who seems to be conquering the USA with almsot Nish levels of wit.
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I hope the Ukranian band that won Eurovision keep safe now they are free to return to Ukraine and serve the country they obviously love……
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RE my post above before any leftist trolls bang on about the need to provide asylum for the dregs of the world, just a few of the many examples of the risks we are being exposed to:
Afghan asylum seeker who sexually assaulted two women and battered three with a hammer in terrifying West End rampage begins 18 years behind bars
https://www.dailymail.co.uk/news/article-10816109/Afghan-asylum-seeker-battered-three-women-hammer-begins-18-year-jail-sentence.html
Knifeman stabs and slashes five on German commuter train in ‘Islamic extremist’ attack before being overpowered by hero plain-clothes cop
Suspected Islamist reported by refugee home where he was living five years ago
https://www.dailymail.co.uk/news/article-10813963/Knifeman-stabs-slashes-five-German-train-Islamic-extremist-act-hero-cop-steps-in.html
Detention centre guards warned how bed posts and tent pegs were being turned into SHIVS just weeks before deadly Manus Island riots broke out
Iranian asylum seeker Reza Berati died and 77 others were injured in three days of riots at the detention centre from February 16 to 18, 2014.
https://www.dailymail.co.uk/news/article-10774439/Detention-centre-guards-warned-government-deadly-Manus-Island-riots-broke-out.html
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Salty makes the point that a lot of mass shootings by ‘gangs’ never make it to the news in the US.
But be sure we’ll be hearing no end of the recent shooting by an alleged white supremacist.
Likewise on the BBC, of course.
https://www.bbc.co.uk/news/world/us_and_canada
https://youtu.be/lyPtKDujk1E
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Six stories on Daily Mail site regarding this with the words “racist” and “white supremacist” used frequently.
As opposed, for example, to this:
Nine foreigners among Melbourne car attack injured
A man who mowed down 18 pedestrians in Melbourne, half of them foreigners, said he carried out the attack to avenge “mistreatment of Muslims”
The 32-year-old, who came to Australia as a refugee, has a history of drug abuse and mental problems and Prime Minister Malcolm Turnbull reiterated that officials had established no terrorism link “at this stage”.
https://www.dailymail.co.uk/wires/afp/article-5204457/Nine-foreigners-Melbourne-car-attack-injured.html
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BBC at5.45 news. Some posh woman called Trevalyn looks into slavery in the sugar plantations and her family’s benefit from it. She states that ‘we invented slavery’.
More BBC re-writing history. The objective – reparations, reparations.
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Obviously not an historian then, poshness does not impart common bleeding sense.
Egyptians had slaves thousands of years ago, as for the Africans, am just reading about the Congo and the Belgian AND arab slavers, and the african tribes that sold the slaves to them.
Where are the reparations for the ancient Britons enslaved by various invaders ?
Reparations from Italy for Boudicca’s descendents ?
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Many places are now seeing the folly of relying on Russia for their oil and gas (although Trump pointed this out years ago)
Once this crisis is over and our rulers have their way when we are all in electric cars it’s good to know that our forward looking government(s) are making sure that supplies of the likes of lithium and cadmium are plentiful.
No more relying on one Country (like Russia) for these and many more elements needed for near future technical developments.
Nobody buying up or moving into large swathes of Africa (for example) and taking control of all these rare essential elements which are vital for things such as electric car batteries and integrated circuit chips.
At least I’ve not heard anything about this on the bbbc.
GB News mentioned some place doing it but our politicians don’t appear to be concerned so surely there’s no problem.
Ying tong yiddle I po.
or,
as Monty says
“They only come up to your knees”
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Ah, but there is as ever a caveat to the socialist workers paradise. The minerals which go into the car batteries are also required for the fertiliser farmers use to keep us fed.
Now the nutters on the Left believe that the fields can be fertilised byb animal dung, but that only gives enough for 10 – 20% of arable land, meaning once again the Socialists are going to starve the population given half the chance.
Mao once managed this by killing the birds in the mistaken Socialist belief they were eating the crop – they were in fact eating the pests which ate the crop – millions died – lessons learned none. SOcialists don’t need to learn lessons as they never make mistakes (that they admit to anyway) including 750 million deaths they have caused and counting.
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I braved the biased bbc website front page, “racially motivatred attack” the bbc are on it already of course and NOT a mention of lone wolf or mental health issues or that it is NOT terror related whuich we always get within hours of the latest muzzie attack.
Group w@nk time at the bbc, best day since partygate month.
Now all we need is to find a swastika or mention of the seond world war in his beroom pleeeez.
Although SIX bloody stories about a few people watching the bloody crap called Yoorovision
Now awaiting the backlash about “gay appropriation” for what should really be a fudgepackers only night.
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The blame for the NI Protocol lies largely, but not entirely, with those EU-loving traitor parliamentarians and their little helpers who manoeuvred the government into the position where it was the protocol or no Brexit at all.
There are hundreds of them, as history will record (assuming we have proper historians in the future).
None of them will be remembered with any awe, reverence or affection.
Perhaps their descendants will be forced to apologise and pay reparations.
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Busy Day At The Docks (Dover)
Well over 500 have arrived in the last two days.
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I see the BBC have been advertising a play on BBC3, an adaptation of a Sally Rooney novel, set in Ireland, (don’t know if its Eire or Ulster). Anyway it’s called “Normal People” What the hell do the BBC know about normal people. Answers on the back of a stamp please.
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BBC fail to join the dots again.
On Countryfile, reviewing a forthcoming ‘water shortage crisis’, they fleetingly mentioned a’growing population’ as a contributory factor.
Would that be a growing population of the type seen on the beaches of Kent every day? Or extended family members of the Indian Subcontinent? Or the large families which seem endemic in supporters of certain religions common in places like Bradford, Rotherham, and other northern towns? Or the type which need all these hundreds of thousands of new houses which need to be built on green land for people who will then use a lot of water?
Strangely the BBC somehow manage not to pursue these obvious questions.
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Sluff
Mass immigration = Extra Carbon Footprint .
Do we have the same Tories that promised and pledged us this ?
Are there any tory MPs in government now ?
…………….https://www.gov.uk/government/news/prime-minister-pledges-to-control-and-reduce-immigration
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Countyfile tonight scaremongering about water supplies in Britain, main problems are too many people and increasing and more housing needed, causing more water required, do the BBC not see the problem?
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So we are where we are. Zelensky has managed to get the wokerati onside and Russia is facing a dilemma. Back down or go full on.
Zelensky has made the destruction of the UK by nuclear missiles a prime target for Russia simply to get hysterical backing.
Russia will see this as a possible can-do because the UK is the nearest alien power with a substantial nuclear arsenal and is small enough to be snuffed out and destroying the UK in one go will have a devastating peffect on the rest of the European resistance.
The US will keep a distance until they can see a way ahead.
Boris is trying to be a second blustering Churchill and will end up walking us into armegeddon.
France and Germany can clearly see the madness and are keeping the hell out of it.
This is the most dangerous time for the UK ever.
Corner a dangerous animal and don’t offer a way out and you will get attacked with full force because they have nothing to lose.
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Boris has made the targetting of the UK a priority for Russia but Putin must know that Boris’s hopeless premiership has rendered the UK completely defenceless.
An easier target for attack Russia could never have imagined.
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Twitter does at least offer insights into those who dominate the studios.
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Digg
I’ve just looked up the manual for armchair fieldmarshalls (me ) and it says that it would not be possible to destroy a country with nuclear weapons without somebody else getting upset and doing something in return – with or without Art 5 NATO treaty ….
The Americans might also notice a number of their bases going missing under a mushroom cloud . They might not be too pleased …
….also – it makes the assumption that the Russian nuclear forces are as loopy as putin and would launch against little Blighty on the down ….
…. However – I agree that it is probably the most dangerous time for us since – say 1940 – of that time before the atom bomb was being developed by the nazis to put on a V2 or V3 if mad Adolf had a few more months ….
I say it’s dangerous because there are accidents and cockups and now Finland and Sweden are fully in the mix – particularly Finland – 800 mile ? Border ….
… I wonder if putin has enough resources to do one of his famous ‘exercises ‘ near the Finnish border whilst saying he’d never invade ?really wish he was dead …
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This is excellent journalism for the era.
Seems if people utterly kick off upon something the media agree needs dealing with, the best thing all round is to utterly let the mob have its way.
Glad that is now all clear.
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A source. Who says.
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Black sister of man who was high on drugs behaving erratically in street with a knife and punched a policewoman to the ground before violently stamping on her says Scotland is racist.
And of course the BBC give her carte blanch to say whatever she wants.
Maybe those ‘racists’ just don’t like the types of people who do things like that and think Scotland would be a better place if they weren’t in it. Whatever colour they are.
Cue the disgraceful ‘Panorama’ investigation and the line ‘The BBC has evidence he did not stamp on the policewoman. They managed to find a witness who saw it and claims he didn’t see Sheku stamp on the woman. A little bit more research found this:
‘In a statement to the Police Investigation and Review Commissioner two days after Sheku died in May 2015, he said: “I believe he struck at [PC Short] with his closed fists at least three times. ”
“At this point I decided to go to for a closer look.
“It may have taken 10-20 seconds to do this.”
Which of course is when the stamping took place.
Scottish Police Federation chair Calum Steele has previously said there is “compelling” evidence of stamping.
But of course the BBC/Panorama have organised it all to give much more weight to the ‘Black man good, Police bad’ version without actually saying so. No doubt they told him to omit the bit about moving closer.
Isn’t it amazing how the BBC NEVER run any articles about black people being racist. Such as the attacks on Asians for example – which ‘The Guardian’ told me to ignore that because you can’t fight racism with more racism.
Which is of course exactly what these monumental hypocrite Leftists are doing.
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Buffalo shooting: Gunman deliberately sought black victims – mayor
https://www.bbc.com/news/world-us-canada-61459023
We all know it’s a terrible event : 10 innocent people shot dead by a lunatic extremist. But the BBC have pushed this story through the roof because it is a white guy shooting black people.
In 2020, 10,000 people were murdered by guns and over 50% of those were black people shot by other black people. And all of them from only 13% of the population.
This statistic should have been mentioned in such a race based article as it is entirely relevant. 10 people compared to 5,000. But the grotesquely warped statistics about black people doing the murdering are totally avoided throughout the MSM.
All it proves to me is that the Left don’t give a dam about how many black people die. They are only interested when a right-wing white person does it so they can use it in their culture war.
If you think about it, it’s a very cynical, dirty and nasty thing to do and is motivated by ideological hatred. Which is what the Left do best. They think the ends justify whatever means they decide are needed.
I see another attack happened at a church in Orange county. One dead, 4 critical and a lot more deaths only avoided because of the bravery of the people who tackled the shooter.
Asian victims, non-white gunman. Let’s see how the BBC’s reporting compares when it’s not in line with their agenda. Because Asian lives don’t matter to them either.
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There are significant racist attacks, in the US especially, and on the increase. They are asians attacked by mainly BLACK people, this fact coveniently ignored by the bbc and others.
Instead at the bbc of course its Danald Trunps fault:
“Some have directly blamed the anti-China rhetoric of former President Donald Trump, who often made mention of the pandemic as the “China virus” or the “kung flu”.
Elsewhere:
“Attacked. Why Are Hate Crime Charges So Rare?
Several recent attacks have not been charged as hate crimes, fueling protests and outrage among many Asian-Americans.
Don Lee, a community activist in New York, has been calling for more anti-Asian attacks to be publicly identified as hate crimes. “Let’s call it what it is,” he said. “These are not random attacks.”Credit…Chang W. Lee/The New York Times
https://www.nytimes.com/2021/03/18/nyregion/asian-hate-crimes.html
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Black man attacks 65 year old asian woman shouting you do not belong here, knocks her to the ground and repeatedly kicks her :
while two black people look on also.
Video sparks international outrage
Chilling video of Vilma’s attack went viral — and not just because of the violence.
Filmed from what appears to be a security camera inside an Midtown apartment complex, a man can be seen kicking Vilma as she collapses on the pavement outside.
At the same time, two doormen inside the building watch the incident, with one closing the building’s glass doors as it happens. They wait a minute for the perpetrator to leave before going outside.
During that time, two other people come and go from the building, appearing to walk past Vilma as she lies motionless on the street.
During that time, two other people come and go from the building, appearing to walk past Vilma as she lies motionless on the street.
The New York City Police Department (NYPD) later said no one called 911 to report the incident and that patrol officers driving by had come upon Vilma after the assault.
The two doormen have since been fired, according to the building owners.
https://edition.cnn.com/2022/01/29/us/asian-american-attacks-aftermath-intl-hnk-dst/index.html
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Meanwhile back at the ranch, the Biden led insanity continues unabated:
“Wisconsin middle schoolers accused of sexual harassment for using wrong gender pronouns
Three Wisconsin boys are facing sexual harassment charges from their middle school over accusations that they used incorrect gender pronouns on a fellow student.
“I received a phone call from the principal over at the elementary school, forewarning me; letting me know that I was going to be receiving an email with sexual harassment allegations against my son,” Rosemary Rabidoux, a parent of one of the accused, told Fox 11 News last week.
“I immediately went into shock. I’m thinking, sexual harassment? That’s rape, that’s inappropriate touching, that’s incest” Rabidoux continued. “What has my son done?”
But none of the concerns Rabidoux had were at issue. Instead, her 13-year-old son, Braden, was accused of using incorrect pronouns to address another student at Kiel Middle School. ”
https://www.foxnews.com/us/middle-schoolers-sexual-harassment-gender-pronouns
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Just to clarify the above:
“Now her son and two other boys are being charged by school officials with Title IV violations, which prohibits gender-based harassment.
The incident in question reportedly took place in March, when a student announced a preference of “they” and “them” to identify them.
“She had been screaming at one of Braden’s friends to use proper pronouns, calling him profanity, and this friend is very soft-spoken, and kind of just sunk down into his chair,” Rabidoux said. “Braden finally came up, defending him, saying ‘He doesn’t have to use proper pronouns, it’s his constitutional right to not use, you can’t make him say things.’”
The mother told ABC 2 News that the new pronoun preference also caused confusion for her son, with her instructing him to just address the student by their name instead.
“It’s plural. It doesn’t make sense to him. I said so, I told him to call them by their names.” Rabidoux said.”
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