[Politics] PPE contracts

[rippleman]

he couldn't hedge against rates as suggested. dropping £900bn of debt on the market would raise borrowing rates a great deal, and screws up the rest of the bond market. hence why no other country did anything similar. it was a fringe idea by a lone acedemic.

There are many ways to hedge against a rise in interest rates all of which can be found online.

The Grauniad (via The National Institute of Economic and Social Research) also found Sunak culpable for failing to insure the risk

Rishi Sunak ‘wasted £11bn by paying too much interest’ on UK debt

Labour accuses chancellor of wastefulness for failing to insure against interest rate rises

www.theguardian.com

As did the FT

Rishi Sunak blamed for losing £11bn in servicing UK government debt

Treasury failed to take out insurance against rate rises on almost £900bn in QE reserves, say economists

www.ft.com

I stand by my comment: "Sunak is an idiot" and has cost this country billions.

 

[A mex eyecan]

There are many ways to hedge against a rise in interest rates all of which can be found online.

The Grauniad (via The National Institute of Economic and Social Research) also found Sunak culpable for failing to insure the risk

Rishi Sunak ‘wasted £11bn by paying too much interest’ on UK debt

Labour accuses chancellor of wastefulness for failing to insure against interest rate rises

www.theguardian.com

As did the FT

Rishi Sunak blamed for losing £11bn in servicing UK government debt

Treasury failed to take out insurance against rate rises on almost £900bn in QE reserves, say economists

www.ft.com

I stand by my comment: "Sunak is an idiot" and has cost this country billions.

i’ll put you down as being a little on the fence about him then

 

[beorhthelm]

There are many ways to hedge against a rise in interest rates all of which can be found online.

The Grauniad (via The National Institute of Economic and Social Research) also found Sunak culpable for failing to insure the risk

Rishi Sunak ‘wasted £11bn by paying too much interest’ on UK debt

Labour accuses chancellor of wastefulness for failing to insure against interest rate rises

www.theguardian.com

As did the FT

Rishi Sunak blamed for losing £11bn in servicing UK government debt

Treasury failed to take out insurance against rate rises on almost £900bn in QE reserves, say economists

www.ft.com

I stand by my comment: "Sunak is an idiot" and has cost this country billions.

its all the same source, the chap leading NIESR for some time has said we are doing Quantitive Easing wrong and it should be rolled over with lower interest rates. its a nice idea, the key point to stress here is no other country or central bank has done this, because others say it would be a very bad idea overall. if Sunak had tried, and failed, he'd probably have collapsed the bond market.

 

[nicko31]

Another one

Broker bought £7.25m manor house weeks after landing VIP lane contracts | Good Law Project

Two contracts worth £258m to supply gowns and safety goggles were enough for the owner of a dog food business to move into a stately home. by Max Colbert

goodlawproject.org

 

[WATFORD zero]

Another one

Broker bought £7.25m manor house weeks after landing VIP lane contracts | Good Law Project

Two contracts worth £258m to supply gowns and safety goggles were enough for the owner of a dog food business to move into a stately home. by Max Colbert

goodlawproject.org

Yeah but what about people who are off on the sick

 

[Harry Wilson's tackle]

Michelle Mone documentary on BBC 2 now.

What a grifter

 

[The Clamp]

Michelle Mone documentary on BBC 2 now.

What a grifter

While our relatives lied dying alone in hospital wards, her and her ilk were rubbing their hands together.

Life in prison. No parole. Same for all the politicians who facilitated it.

 

[Harry Wilson's tackle]

I did know about her PPE grift, of course.....but what a disgrace.
And the Tories in charge.....
Lest we not forget.
The first rule of honourable government is to not prioritize enriching your mates,
at tax payers' expense.
If you don't pass that first test.....

And people want Reform PLC in charge.
Not even a party but a private business.
People are thick.

 

[clapham_gull]

There wasn't anything in the documentary regarding the PPE that hasn't already been published.

What was news to me (and fascinating) was how politicians and the TV got sucked into this image of a globally mega rich entrepreneur.

In reality she was the owner of a relatively small bra factory in Glasgow that often made a loss.

To be fair I wasn't really aware of who she was until the peerage.

 

[clapham_gull]

The only thing I can "defend" her over and it's a stretch.

She was clearly not the only one and it's easy to make a documentary about someone if there are hours of rushes in the library.

The price of PPE went through the roof and globally hundreds went for the goldrush.

So much for everyone doing their part.

 

[clapham_gull]

Cut off her goolies.

Blimey that sounds terrible in isolation. I only posted to make Harry Wilson laugh.

 

[Silverhatch]

The only thing I can "defend" her over and it's a stretch.

She was clearly not the only one and it's easy to make a documentary about someone if there are hours of rushes in the library.

The price of PPE went through the roof and globally hundreds went for the goldrush.

So much for everyone doing their part.

The real criminals are the enablers. The ****s led by Johnson.