Jeez...I've always failed to see the value of this....and it just gets worse as the price goes up and the completion date gets pushed out.
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That's because ultimately there's one thing directing (running) the country....and Streeting is more palatable (controllable) to them.
Because the UK spends more than it makes and therefore needs to borrow money.The bond market system. Why do we have it?
Jeez...I've always failed to see the value of this....and it just gets worse as the price goes up and the completion date gets pushed out.
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The government are beholden to it. They played their hand badly and fudged up in 2008.The bond market system. Why do we have it?
At the current rate of deceleration they'll have to rename it by 2039.Jeez...I've always failed to see the value of this....and it just gets worse as the price goes up and the completion date gets pushed out.
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You meaning the bond markets?
I think even this last few days has been really interesting, because while Starmer has not been out there pounding the table with his arguments, once he starts getting these challengers, they start getting scrutiny and you understand more the trade offs Starmer has been making.
For instance, Burnham has already been trying to row back his ‘we’ve gotta get over this thing about being in hock to the bond markets’ comments. If he becomes PM, he’s going to be hamstrung by the same things Starmer has been, and he can choose to raise taxes even further but overall, I think people will start to appreciate more why Starmer is in the position he is in if and when he gets deposed.
Starmer still should have made some better arguments around this stuff, but maybe he’s judged that the only way to hold together a fractured coalition like the Labour Party is to not keep effectively airing what would be their disagreements in public.
It’s also why I quite like the idea of Streeting. Because I feel like his proposition is largely carrying on the Starmer manifesto but by being a better communicator. Burnham is promising all sorts of new ways of doing things, which is disingenuous for two reasons. A he should really call a GE if he wants to do those things and B he’s likely going to realise once in power the bond markets won’t let him do a bunch of that stuff now anyway.
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