Liz Truss (UK Prime Minister) may be gone soon

[Anonymous]

They did it to themselves. Zero sympathy whatsoever. None.

[Anonymous]

Anonymous wrote:

Anonymous wrote:UK is doomed. They have out of control inflation and their economy is anemic. They will need to eat an even worse recession to get out of it, or stimulate and eat 20% inflation. The pound will tank further soon, probably below parity with the dollar.

I'd rather throw cash at the UK instead of Ukraine

Can I ask why? The UK totally brought this disaster on themselves. There is absolutely no reason why any of this (ie Brexit and political implosion) had to happen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:UK is doomed. They have out of control inflation and their economy is anemic. They will need to eat an even worse recession to get out of it, or stimulate and eat 20% inflation. The pound will tank further soon, probably below parity with the dollar.

I'd rather throw cash at the UK instead of Ukraine

Can I ask why? The UK totally brought this disaster on themselves. There is absolutely no reason why any of this (ie Brexit and political implosion) had to happen.

Because the Brits are our traditional allies with whom we have a special relationship. The Ukrainians don't have such a relationship.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:UK is doomed. They have out of control inflation and their economy is anemic. They will need to eat an even worse recession to get out of it, or stimulate and eat 20% inflation. The pound will tank further soon, probably below parity with the dollar.

I'd rather throw cash at the UK instead of Ukraine

Can I ask why? The UK totally brought this disaster on themselves. There is absolutely no reason why any of this (ie Brexit and political implosion) had to happen.

Because the Brits are our traditional allies with whom we have a special relationship. The Ukrainians don't have such a relationship.

Tradition means nothing. We warned them. They not only didn't listen they raced towards this. Serves them right.

Time to auction off some of those palaces. I heard Buckingham is currently undergoing a $700 million renovation.

https://www.theguardian.com/politics/2016/apr/22/barack-obama-brexit-uk-back-of-queue-for-trade-talks

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:UK is doomed. They have out of control inflation and their economy is anemic. They will need to eat an even worse recession to get out of it, or stimulate and eat 20% inflation. The pound will tank further soon, probably below parity with the dollar.

I'd rather throw cash at the UK instead of Ukraine

Can I ask why? The UK totally brought this disaster on themselves. There is absolutely no reason why any of this (ie Brexit and political implosion) had to happen.

Because the Brits are our traditional allies with whom we have a special relationship. The Ukrainians don't have such a relationship.

Tradition means nothing. We warned them. They not only didn't listen they raced towards this. Serves them right.

Time to auction off some of those palaces. I heard Buckingham is currently undergoing a $700 million renovation.

https://www.theguardian.com/politics/2016/apr/22/barack-obama-brexit-uk-back-of-queue-for-trade-talks

The Brits have had our back on numerous foolish military adventures. We owe them.

We owe Ukraine nothing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Always fun to see the fkery that is Brexit play out in real time.

DH is a Brit, and he's been keeping close tabs on this and discussing it with a friend in the UK, who is a smart guy.

They said it's a combination of things, but yes, Brexit definitely is part of the root cause of the issue.

The UK has some weird rules and laws like how the mortgage rates are pretty much all variable, tied to the interest rate. So, people's mortgages are going through the roof with higher rates. DH once had a mortgage in the UK, and when the rates started climbing, he could no longer afford the mortgage. He sold and took a huge loss. I cannot imagine having such an unstable mortgage, which is a huge % of your income.

With winter coming, and the war in Ukraine, their heating bill is going to sky rocket.

DH thinks the pound will sink further in the coming months. Too much instability.

But, this is what the people voted for - a hard brexit.

Europeans are dumb.

When I was buying my Lisbon property I was quoted so many variable rates that the banker was shocked when I asked for fixed terms.

He incredulously said “do you really think rates are ever going to go up”

He said no one he has ever worked with ever asked for a fixed rate product.

I smirked and just told him to present the best fixed rate offer from the bank

This was in July 2020

In NL, they are/were giving non-permanent residents 100% ltv loans on variable rates….

I can’t wait for Western Europe to melt down further and we all have 3rd 4th homes in Europe with Europeans working as domestic staff for us

Wow, smugness, no? Is that the best example you can give? Not sure what sort of sophisticated banking system you were expecting in Portugal, one of the poorest countries in Europe with a population of 10 million and an average income of $10,306 compared to the US's $25,332.

It was an example but NL, one of the richest countries in the world is even worse when it comes to property leverage

Western Europe is going to melt down and will be ripe for picking for us

Are you aware that the main reason for the UK's economic problems is that they left the EU? I don't doubt many Western European countries have problems due to covid but it's a bit odd you think the UK's problems are somehow related.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:UK is doomed. They have out of control inflation and their economy is anemic. They will need to eat an even worse recession to get out of it, or stimulate and eat 20% inflation. The pound will tank further soon, probably below parity with the dollar.

I'd rather throw cash at the UK instead of Ukraine

Can I ask why? The UK totally brought this disaster on themselves. There is absolutely no reason why any of this (ie Brexit and political implosion) had to happen.

Because the Brits are our traditional allies with whom we have a special relationship. The Ukrainians don't have such a relationship.

Tradition means nothing. We warned them. They not only didn't listen they raced towards this. Serves them right.

Time to auction off some of those palaces. I heard Buckingham is currently undergoing a $700 million renovation.

https://www.theguardian.com/politics/2016/apr/22/barack-obama-brexit-uk-back-of-queue-for-trade-talks

The Brits have had our back on numerous foolish military adventures. We owe them.

We owe Ukraine nothing.

We already paid Britain $30 billion (26% of the total 115 billion adjusted for inflation) thanks to Marshall Plan. They still owe us for that. Let them sink on their own.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:UK is doomed. They have out of control inflation and their economy is anemic. They will need to eat an even worse recession to get out of it, or stimulate and eat 20% inflation. The pound will tank further soon, probably below parity with the dollar.

I'd rather throw cash at the UK instead of Ukraine

Can I ask why? The UK totally brought this disaster on themselves. There is absolutely no reason why any of this (ie Brexit and political implosion) had to happen.

Because the Brits are our traditional allies with whom we have a special relationship. The Ukrainians don't have such a relationship.

Tradition means nothing. We warned them. They not only didn't listen they raced towards this. Serves them right.

Time to auction off some of those palaces. I heard Buckingham is currently undergoing a $700 million renovation.

https://www.theguardian.com/politics/2016/apr/22/barack-obama-brexit-uk-back-of-queue-for-trade-talks

The Brits have had our back on numerous foolish military adventures. We owe them.

We owe Ukraine nothing.

You don't owe them when their death spiral is due to their own idiocy.

[Anonymous]

<sound up>

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:UK is doomed. They have out of control inflation and their economy is anemic. They will need to eat an even worse recession to get out of it, or stimulate and eat 20% inflation. The pound will tank further soon, probably below parity with the dollar.

I'd rather throw cash at the UK instead of Ukraine

No way.

Throw cash at Ukraine to bleed Russians

Break uk to make it into an American vassal

Ideally the uk becomes such as basketcase that England, wales and Scotland ask to be American states

Ukraine is not our ally, while the UK has had a very special relationship with us long beyond modern Ukraine even existed.

UK wholeheartedly supports Ukraine. Go away MAGA.

[Anonymous]

Having just been in the UK for an extended period, I was shocked by the levels of xenophobia readily expressed by otherwise polite people in casual and friendly conversation. It was shocking and uncomfortable. It is clear why so many ordinary British voted for Brexit. They are insular and can’t help it, even when it’s not in their best interest. They didn’t want to see foreigners living and working in their country, even though they desperately need the labor to stimulate their economy and provide for their overwhelmingly aged population.

The other observation was that the country seems to have no functioning infrastructure or civil society. Roads closed everywhere. Airports overwhelmed. Can’t get an ambulance or MRI to save your life in an emergency. The whole place felt on the brink of disaster, because it is. But I guess that’s what the British wanted, and they now have it, so I hope they’re happy.

[Anonymous]

Anonymous wrote:Having just been in the UK for an extended period, I was shocked by the levels of xenophobia readily expressed by otherwise polite people in casual and friendly conversation. It was shocking and uncomfortable. It is clear why so many ordinary British voted for Brexit. They are insular and can’t help it, even when it’s not in their best interest. They didn’t want to see foreigners living and working in their country, even though they desperately need the labor to stimulate their economy and provide for their overwhelmingly aged population.

The other observation was that the country seems to have no functioning infrastructure or civil society. Roads closed everywhere. Airports overwhelmed. Can’t get an ambulance or MRI to save your life in an emergency. The whole place felt on the brink of disaster, because it is. But I guess that’s what the British wanted, and they now have it, so I hope they’re happy.

Agree on the parochialism of many Brits. Not sure about nonfunctioning infrastructure though. The UK was not alone in experiencing problems at airports with the post Covid travel surge, although I had no problems or waits the four times I went through airports there in August. Certainly didn’t notice a lot of road closures anywhere I drove. Yes, there were some train strikes but that’s business as usual.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Having just been in the UK for an extended period, I was shocked by the levels of xenophobia readily expressed by otherwise polite people in casual and friendly conversation. It was shocking and uncomfortable. It is clear why so many ordinary British voted for Brexit. They are insular and can’t help it, even when it’s not in their best interest. They didn’t want to see foreigners living and working in their country, even though they desperately need the labor to stimulate their economy and provide for their overwhelmingly aged population.

The other observation was that the country seems to have no functioning infrastructure or civil society. Roads closed everywhere. Airports overwhelmed. Can’t get an ambulance or MRI to save your life in an emergency. The whole place felt on the brink of disaster, because it is. But I guess that’s what the British wanted, and they now have it, so I hope they’re happy.

Agree on the parochialism of many Brits. Not sure about nonfunctioning infrastructure though. The UK was not alone in experiencing problems at airports with the post Covid travel surge, although I had no problems or waits the four times I went through airports there in August. Certainly didn’t notice a lot of road closures anywhere I drove. Yes, there were some train strikes but that’s business as usual.

Right, but in my experience it goes far beyond airports, and is especially obvious in the countryside. The roads are in very poor shape. Friends tell tales of schools closing for a couple of days here and there because the facilities literally break down. I heard a lawyer on the radio complaining about the sad state of the judicial system, with prosecutors quitting en masse because of low wages, and a pipe opening in the ceiling in the courthouse and spilling sewage. And the NHS is a disaster, there is no hospital space, and ambulances literally wait hours outside ERs before being allowed to unload critical care patients. And still they are calling for budget cuts to reduce public spending. I don’t know if all of this is a direct result of Brexit (probably not), but the country is a mess. It is always such a relief to be back in Continental Europe where things run much more smoothly than in the UK (even though there are plenty of problems of course; the UK is just that bad).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Having just been in the UK for an extended period, I was shocked by the levels of xenophobia readily expressed by otherwise polite people in casual and friendly conversation. It was shocking and uncomfortable. It is clear why so many ordinary British voted for Brexit. They are insular and can’t help it, even when it’s not in their best interest. They didn’t want to see foreigners living and working in their country, even though they desperately need the labor to stimulate their economy and provide for their overwhelmingly aged population.

The other observation was that the country seems to have no functioning infrastructure or civil society. Roads closed everywhere. Airports overwhelmed. Can’t get an ambulance or MRI to save your life in an emergency. The whole place felt on the brink of disaster, because it is. But I guess that’s what the British wanted, and they now have it, so I hope they’re happy.

Agree on the parochialism of many Brits. Not sure about nonfunctioning infrastructure though. The UK was not alone in experiencing problems at airports with the post Covid travel surge, although I had no problems or waits the four times I went through airports there in August. Certainly didn’t notice a lot of road closures anywhere I drove. Yes, there were some train strikes but that’s business as usual.

Right, but in my experience it goes far beyond airports, and is especially obvious in the countryside. The roads are in very poor shape. Friends tell tales of schools closing for a couple of days here and there because the facilities literally break down. I heard a lawyer on the radio complaining about the sad state of the judicial system, with prosecutors quitting en masse because of low wages, and a pipe opening in the ceiling in the courthouse and spilling sewage. And the NHS is a disaster, there is no hospital space, and ambulances literally wait hours outside ERs before being allowed to unload critical care patients. And still they are calling for budget cuts to reduce public spending. I don’t know if all of this is a direct result of Brexit (probably not), but the country is a mess. It is always such a relief to be back in Continental Europe where things run much more smoothly than in the UK (even though there are plenty of problems of course; the UK is just that bad).

Yeah, the NHS is a bit of a disaster especially after 12 years of conservative rule: ageing population, underfunding, staff shortages and bearing the burden of falls in social care. Some relates to demographic trends and the impact of the pandemic taxing a system that is already at breaking point. Some is brexit related - ending freedom of movement means the UK’s now having to poach medical staff from poorer countries in Africa and Asia and funding will get even tighter now the brexit’s long term economic impact is becoming clearer. Much also reflects ongoing funding problems. The UK government spends far less per head on medical care than other major countries in Europe and has reduced funding for social and home care (by 31% from 2010 to 2018). It means patients who should be discharged from hospital get stuck there and clog up the system with effects like ambulances being unable to unload patients.

[Anonymous]

Johnson has withdrawn from the PM race, paving the way for Sunak, who surely will be the next PM.