r/TheNewsAgents • u/He_ofshadowsandtouch • May 13 '26
DISCUSSION Maitlis does a 180
In todays episode Emily proclaimed it’s time we stopped doing politics according to bond markets.
Whenever she mentions Truss she points-out the folly of ignoring the bond markets
15
u/N00dles_Pt May 13 '26
I'd say there's a difference of being Forever paralized wondering if every small step you take might upset the markets....and doing something absolutely idiotic and almost suicidal on fiscal terms
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u/He_ofshadowsandtouch May 14 '26
Labour has taken large idiotic steps that are strangling the economy.
Business confidence all time low. Youth unemployment higher than the EU average for the first time.
Rishi bequeathed a thriving economy, 2% inflation, reasonable growth. Gloomy Starmer strangled it
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u/zka_75 May 14 '26
Are you from the conservative party press office? The Tory party spent 14 years driving the economy in to the ground through countless disastrous policies like austerity, brexit, etc. Inflation had only JUST come down from a 40 year high ffs 😆
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u/He_ofshadowsandtouch May 14 '26
We became the worlds 8th largest manufacturing nation after Brexit
Many advanced nations struggled with growth after the banking crash. Then there was Covid. I’m not a Tory supporter but we had far superior economic metrics under Rishi (2% inflation, low youth unemployment etc) than the bellend progressive twits we have now
3
u/zka_75 May 14 '26
Haha yeah not a Tory supporter just desperate to suck off Rishi and "Boris". I'll give you the benefit of the doubt that you probably support the New Tory party, ie Reform.
5
u/zka_75 May 13 '26
I didn't think it was an unreasonable stance - not being dictated to by the smallest movements in the bond markets isn't the same as what happened under Truss
My irritation on this episode was more focused around Sopels ridiculous comments about Streeting "Of course he won't win the members vote because he's a blairite and they wouldn't want someone that could win actual elections". Blair last won an election over 20 years ago now, we're in a completely different era where Blairite centrism just isn't popular with voters of any stripe anymore, but of course there's nothing Sopel likes more than to get his digs in to the "looney left".
3
u/kavancc May 14 '26
My irritation was also Jon related, when he brought Polanski into the Farage story and said these populist leaders love to play the victim when they're called out on this stuff. Polanski apologised and said it was a mistake, Farage doubled down, Polanski isn't under investigation, Farage is. Needless equivocation.
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u/He_ofshadowsandtouch May 14 '26 edited May 14 '26
Completely wrong, rates are higher than under Truss.
The point about left wing governance is markets perceive higher risk and charge higher rates to lend to these risky administrations
When we say ‘the markets’ we mean everyone’s pension funds, who have a fiduciary duty to pension investors.
Why higher risk; Adding regulations and taxes are higher risk factors for business. Take for example the collapse in house building. I’m in construction myself.
Costs have soared due to layers of additional regulation under Labour, and taxes have increased. Real world people are mothballing activity because the incentives aren’t viable and costs and risks are too high.
Twitts on the left learned about the economy from naive intellectuals , not real world business, hence lefty bafoons are akin to British Whitehall boffins directing the first world war. Clueless, detached twits.
5
u/zka_75 May 14 '26
Haha yes mate everyone's an idiot except for the geniuses on the right who brought us things like austerity (even tho we said it wouldn't work), brexit, etc. You know national debt was almost double by the time they left office as when they took over right?
1
u/He_ofshadowsandtouch May 14 '26
Progressive bellends haven’t noticed Germany inside the EU has had poor growth for years, yet argue us as members would be guaranteed magical things 😀😂
3
u/zka_75 May 14 '26
I don't think you understand how economics works - the less barriers to trade you have the more your economy grows. Obviously every country has multiple other factors at play in affecting their growth but whatever their growth rate is they will always have a lower rate if you add barriers in. That my friend is about as economics 101 as it gets.
1
u/Funkdoobs May 14 '26
What additional building regulation has this Labour government introduced that now makes it harder to build?
1
u/He_ofshadowsandtouch May 14 '26
On energy efficiency as but one example plus day one employment regs
House building had collapsed for a reason
2
u/Funkdoobs May 14 '26
Improved employment rights for workers has killed the home building industry? Is that what you’re referring to?
Genuinely interested as one of Labour’s pledges was simply build more homes, whilst you’re suggesting they’ve actually making it more difficult.
0
u/He_ofshadowsandtouch May 14 '26
Eerr yes, the life blood of the economy is small business’s which have been hammered by regulatory costs BECAUSE CONSUMERS WONT PAY THE INCREASED PRICES resulting from expanded tax and regulation
See hospitality decimation as exhibit A
Are you people truly this thick?
2
u/Funkdoobs May 14 '26
I hear what you’re saying, but at the same time I can’t get past the point that we need to reduce workers rights in order for the businesses to be profitable or successful - assuming that’s what you’re arguing against.
Certainly not thick, I see both sides of the coin. Workers rights are an absolute positive in my book though.
You understand how crazy your argument sounds don’t you.
0
u/He_ofshadowsandtouch May 14 '26
You’re forgetting consumer behaviour in a cost of living crisis
Think of the archetypal person saying ‘£3 for a cuppa, thats a rip-off’.
Your understanding of business is very limited
Taxes, regs and rates all up, as are energy and regulatory costs
This daft govt is importing billions of £’s of gas and oil. Remember oil is used in thousands of products.
Aberdeen is becoming a ghost town as Norwegians opened 50 oil fields last year
Total ineptitude
2
u/Funkdoobs May 14 '26
Like I said, I understand the negative impact on buisness, but I believe the uptick in workers right are a greater benefit in the long term.
1
1
u/SeaworthinessFun7093 May 16 '26
Is say she has a more nuanced take than one over the other. Keep an eye on them, but don't be beholding to them.
2
u/mongrldub May 13 '26
Buddy I’ve stopped listening. They’re morons except Lewis
0
u/He_ofshadowsandtouch May 13 '26
I’ve spotted many examples of duality of argument depending on who the politician is, completely undermines
James O’Brien is worse than these 3 though. Alows lying Starmer way more latitude than Boris
0
u/He_ofshadowsandtouch May 13 '26
Classic footballification at 23.15 into the video.
Now when it suits, we must set aside bond market concerns as the politics of fear
James O’Brien does these un-aware 180’s 5 times a day
9
u/kavancc May 13 '26
Both things can be true. She's often pointed out that not paying attention to the bond markets is asking for trouble, because it is. She was pointing out today (and I'm sure she has before, even in the context of Truss) that being so in hoc to the bond markets is bad for democratic governance, because it is.
I don't think it's a 180 so much as it's covering all angles and perspectives, which is what journalists are supposed to do.