samwobot
5.4K posts
@afneil But the national direction has ruined the UK in many ways in areas like that one. Neoliberalism is it's title, still being practiced now to great lengths. The media avoids the conversation as the media is run by corporate interests & capitalism, biased reporting on a daily basis.
.@afneil: > you are correct to admit that the Euro allows France, Italy and Greece with far higher debt piles to get cheaper debt and that the Single Currency is doing great > your argument however is that the widening post-2020 growing gap between UK-France yields is just down to Truss and Reeves > you are effectively engaging through this in a kind of Bond Market Denialism that yields pricing does not take into account future growth trajectories which have worsened since we left the Single Market and extensively documented by OBR > you can deny on X to no consequences OBR forecasts on Brexit’s impact to GDP growth longterm but you can never as a Bond Trader actually those yields
We need to decide what kind of country we want Scotland to be. Wealth creation matters, especially when it leads to opportunity, growth and giving back. We need a system that supports those who need it most while also encouraging working ambition and long-term growth.
Missing the point @afneil. The UK has lower debt-to-GDP than France and had we remained on a higher growth trajectory without Brexit costs and instability the gap would have shrunk — saving the UK billions — and we would not have been paying such a high premium debt premiums relative to France.
UK gilt yields have hit an 18-year high. That's not because the economy collapsed. It's because bond markets fear Labour might elect a slightly more left-wing leader. When financial markets seek to constrain democratic choice, that is not economic discipline. It is political power, exercised without a ballot. cnbc.com/2026/05/13/gil…
"If the British government is going to be completely dominated by the bond market, MPs might as well go home." Diane Abbott told Cathy Newman on Sky News that whoever replaces Keir Starmer as prime minister must go through a "properly organised selection process", regardless of any "hissy fit" made by the bond markets. When this provoked laughter from Newman and eye rolling from former Conservative cabinet minister Gillian Keegan, @HackneyAbbott argued that there's no point in having a parliament if the financial sector always has the final word.
Starmer and Reeves are not kidding when they say this political uncertainty causes economic damage. The only “reset” being achieved at the moment is higher borrowing costs. Result? We’re all worse off. So deeply depressing.