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Bank of England's governor
- Alex (14th Nov 2024 18:55:08)
The man in charge of our own bank, The Bank of England's governor has said
"As a public official, I take no position on Brexit per se," he will say. "But I do have to point out consequences."
Mr Bailey will say the changed relationship with the EU has āweighed on the economyā
Heās clearly holding back as he knows saying āfinancially Brexit was a massive mistakeā will see half the country spitting their tea out and asking for him to be sacked, he is being diplomatic. But if you should need anymore evidence we made a mistake the man in charge of the Bank of England said so. He even recommends The UK must "rebuild relations" with the EU.
He might well be diplomatic, but am not. Brexit is the single biggest driver of all our problems. Iād like to thank all those that caused it.
Absolutely ZERO benefits so far, even MORE migrants since per year. And the economy is still suffering, had we remained you would have had more money in your pocket.
Itās not personal, those that voted thought it was right, but they where led by donkeys telling utter lies.
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Re: Bank of England's governor
- AF (14th Nov 2024 20:51:24)
Alex, time to move on, we voted you lost get over it.
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Re: Bank of England's governor
- Happy (14th Nov 2024 22:30:36)
Alex what a load of rubbish the only problem we have know is this useless government, going to run us into the ground. They're the ones that are causing the inflation, giving unions freedom to run rampant.
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Re: Bank of England's governor
- er (14th Nov 2024 23:47:41)
Alex,
I guess the Governor is concerned with money and it's arguable, but unknowable, if we would be better off or worse off in the EU. Look at Germany, France, Italy, Spain, Greece, all floundering, especially Germany. But of course, it wasn't all about money, or we'd never stand up for our principles.
I looked this guy up in Wikipedia out of interest, never heard of him before, (I thought it was still Carney), so I base the following on two minutes reading!
Under his career, he is described as being having been a 'waiter at a local Sainsbury's'... a waiter at Sainsbury's, what the hell is that??
Of greater interest perhaps, as head of the FCA, he was alleged to have fallen asleep during a meeting with B. Steel Pension Scheme and subsequently was accused of failing to take swift action to protect pensioners in the UK's biggest pension scandal, leading to Parliamentarians declaring 'the FCA was asleep at the wheel'!
Apparently he faced criticism from union leaders in 2022 for asking workers not to demand pay rises, when asked what his own pay was is reported to have said around Ā£500,000, but added 'I can't tell you exactly what it is, I don't carry that around in my head'
In touch with the working man ššš
So for all his position and power, he is one bloke with one opinion pushing one agenda.
But having said all that he is quite right, we should look where possible to build closer economic ties with the EU as with all others, where it is in our interest and respects the vote of the British people.
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Re: Bank of England's governor
- Joe (15th Nov 2024 06:58:00)
Mr Baileyās speech extracts should not be viewed in isolation, he is trying to protect British exporters who will face swinging import Tariffs from mr Jaffa ( Donald Trump). We have to foster a new economic relationship with the closest continent to help our exporters. It is going to be very difficult though as we still owe them money from Brexit. It is nothing to do with sovereignty, just about fostering new trading relationships with European countries who are not worse off than us.
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Re: Bank of England's governor
- Jen (15th Nov 2024 10:05:53)
This is surely only to be expected? In the run up to the referendum, I clearly recall Jacob Rees-Mogg saying to a BBC reporter that it was likely to be 50 years before the UK started to see the full benefits of Brexit and in the meantime there would be tough times ahead for the economy (not, of course, tough for Mr R-M nor any of his cronies though. I'm sure they're all doing very well on it!).
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Re: Bank of England's governor
- Leaver (15th Nov 2024 10:45:18)
Should be cosying up to America not the failed EU their going down the pan . We need to look around the world not rely on the EU states they are all struggling worse than us . Trade deals with the EU but NOT governed by them that was the trouble they wanted to rule us and thatās why the country rebelled.
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Re: Bank of England's governor
- Charlie (15th Nov 2024 13:13:59)
I agree with Leave when he/she says: "Trade deals with the EU but NOT governed by them that was the trouble they wanted to rule us and thatās why the country rebelled." I am very supportive of closer trading ties with the EU but not being ruled by them and therefore affected by some of their ridiculous rules ie re-locating the entire European Parliament for 4 days of every month from Brussels to Strasbourg which costs between 102 million and 180 million Euros per year. This move causes the unnecessary release of 20, 000 tons of C02 into the atmosphere - insane and that is just one rule.
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Re: Bank of England's governor
- Joe (15th Nov 2024 14:01:26)
Leaver you miss the point - Trump is not going to give us any preferential trade deal because he has already announced his policy will be to protect the US economy from imported goods, imposing huge import tariffs on goods from all countries thus making any trade deal with the US uneconomic for us. That was the reason the governor of the Bank England thinks we will be better off negotiating closer to home.
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Re: Bank of England's governor
- Sam (16th Nov 2024 17:28:10)
EU ruling over us, give it a rest, thatās daily mail language.
There was political co-operation yes, and we had a very large seat at the negotiating table and yes maybe some decisions didnāt go our way but thatās what happens in co-operation.
Instead we were fed populist lies and it convinced enough to leave and now itās taboo to discuss it. EU laws actually improved things, low the standards have been lowered.
Brexit was a grave error for our country, turned or back on the biggest collective economy in the world, Germanys economy always been bigger, France and Italy not far behind. If you voted leave you should be ashamed of the damage you have done.. and many years later no tangible benefit yet, nor will there be.
Labour market ruined, lazy brits not interested in picking their own fruit and veg, fishing industry killed off. And every EU national that worked here be that in the NHS or other packed up and left as they got hunted out of the country.
We took back control of NOTHINGā¦ idiots
[editor]Fact check.
The United Kingdom's economy is the sixth largest in the world, behind the United States, China, Japan, Germany, and India. The UK's economy is driven by its large service sector, especially in finance, insurance, and business services.[/editor]
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Re: Bank of England's governor
- Ray Moaner (16th Nov 2024 18:27:36)
š¤£š¤£š¤£š¤£š¤£š¤£ surely this is a world record? The longest cry-me-a-river in history!?
8 years ago! REEEALLY.
That's one disappointing this about Liphook Talkback is people can hide behind an alias just to express their hurty feelings. I'm a believer in free speech, but there's no option on this site to 'cross the road' to avoid that mad bloke shouting in the street... what a plonka.
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Re: Bank of England's governor
- Re (16th Nov 2024 19:08:01)
Give a rest Sam . We all know your views against leaving the EU thatās your choice but the vote went the other way. So there were more people with another view and donāt run out the old chestnut they didnāt know what they were voting for yes they did. To get back OUR laws and courts run our country how we want not have to abide by EU laws. The more this government cosy up to the EU the more people will vote them out next time. We are a separate nation always have been and always will be. And we will forged ahead if we can get this stupid government to realise whatās needed.
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Re: Bank of England's governor
- paul (16th Nov 2024 22:15:45)
Hi,
I always think this phase the U.K is the. "Sixth largest in the world".is misleading.
It is if it is something great, and to be proud of of our country.
The fact is we have been in debt to nearly, Ā£3 trillion for some time.
We are borrowing more month to month, to service the huge financial burden.
Our growth is minimal, but don't worry Starmer's government will not fix it. They will add to the problem big time, for the next 5 years.
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Re: Bank of England's governor
- Re (17th Nov 2024 11:36:15)
Thatās the problem Paul we arenāt allowed to back British and shout from the roof tops as others do the EU put a stop to that . They hang flags a back their country but tell us we canāt how does that work. Itās time we started to blow OUR trumpet and trade around the world if the EU donāt like tuff . Yes and get back to calling ourselves GREAT BRITAIN.
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Re: Bank of England's governor
- Ian (17th Nov 2024 13:57:29)
Makes me laugh (or cry) when those poor delusional souls hark back to rule Britannia and insist that by shouting loud enough we can put the Great back in Britain. GB is in the past and the country is barely the UK anymore. Letās forget about the past, offload the burden that is Scotland, Wales and Northern Ireland and work hard at making England a fine country to live in and be proud of!
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Re: Bank of England's governor
- Re (17th Nov 2024 14:37:24)
Totally agree Ian off load the hangers on and yes make England great again there is nothing wrong in calling us great itās Always been what we have been called so why change it itās not a problem itās only a problem for others. Itās the problem with the young people they seem to want to run us down at every possible chance instead of the other way round we need to wave the flag from the rooftops show the rest that we are not down and out as some want others to think.
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Re: Bank of England's governor
- Ian (17th Nov 2024 17:22:56)
Actually Re, the Great was only added in 1707 as a result of the Act of Union with Scotland so one could conjecture that it was added in the context of size! We also need to recognise the country is not great at the moment and hasnāt been for some time. The country needs sorting out and many real problems dealt with, just shouting out we are great and should be proud is somewhat naive and misguided. Just look at the national infrastructure, itās broken. NHS, education, road and transport network, water and sewage system, we are in a mess and a lot of the mentioned problems were not the EUās fault! Our freedom of speech is also under threat as well!
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Re: Bank of England's governor
- Veteran Tom (17th Nov 2024 18:29:12)
A week after Remembrance Sunday, it feels fitting to reflect on the sacrifices made by countless men and women who fought for the very freedoms we so often take for granted today. Itās because of their courage and dedication that weāre even able to have discussions like this. Free speech wasnāt given to us; it was earned through their sacrifices.
When I hear the phrase 'Great Britain,' I donāt think of it as merely a title tied to our infrastructure or the economyās current state. Britain is 'great' because of its peopleāthe resilience, spirit, and pride that define us. Despite the challenges we face, I feel fortunate every day to be part of this land. Weāre standing on the legacy built by those who came before us, and I, for one, wonāt diminish what theyāve given.
So while our roads may need fixing and policies may shift, itās the people, the shared heritage, and the principles that make us 'Great Britain.' I wonāt be quick to forget that, and I certainly wonāt be the one to walk on the graves of those who went before us.
Rule Britannia!
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Re: Bank of England's governor
- IanG (17th Nov 2024 19:23:07)
I think our grandparents generation that gave so much would be ashamed of the state of the nation. To think of those young men that died to protect this country and then I look at Johnson, Truss, Corbyn and Starmerā¦..makes you cry. I donāt see much drive or resilience in the population either. Selfishness and entitlement seem to be the national trait now
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Re: Bank of England's governor
- Veteran Tom (17th Nov 2024 21:11:09)
"The species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself." - Charles Darwin
Ian, a lot of it really does come down to perspective: whether we see the glass as half full or half empty, I agree, a lot could be better. Our grandparents might be disheartened by some things today, sure, but I think they'd also find plenty to be proud of. Modern medical advancements, wider access to education, social progressāthese are all things they dreamed of or fought for in their own ways.
Yes, the world has changed, but the legacy they left us wasnāt just about hardship; it was about resilience, adaptation, and striving for something better. Those values are still alive today. If we choose to see it that way, thereās a lot to be hopeful for and a lot theyād recognise as progress.
Best
Tom
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