Hey there! Sign in to join this conversationNew here? Join for free

Tory MP advocates for run on the pound Watch

    • TSR Support Team
    • Thread Starter
    Online

    21
    ReputationRep:
    https://www.forbes.com/sites/frances.../#726664b34c1e

    So, after all the hoo-ha about Labour war-gaming a possible run on the pound, the right Hon. John Redwood MP, one of Majors cabinet ministers, is recommending people take action to cause it to happen. Party of economic competence?
    Offline

    13
    ReputationRep:
    (Original post by Stiff Little Fingers)
    https://www.forbes.com/sites/frances.../#726664b34c1e

    So, after all the hoo-ha about Labour war-gaming a possible run on the pound, the right Hon. John Redwood MP, one of Majors cabinet ministers, is recommending people take action to cause it to happen. Party of economic competence?
    Still more economically competent than the Labour Party.
    Posted on the TSR App. Download from Apple or Google Play
    Offline

    19
    ReputationRep:
    (Original post by Chaz254)
    Still more economically competent than the Labour Party.
    Pfft pray tell how you came up with that one? The current regime is thoroughly incompetent anyone with a basic grasp of economics can see that.
    Offline

    21
    ReputationRep:
    Did you actually look at the piece in the FT, OP?

    I set up the notional FT fund to show readers how they can use low-cost exchange traded funds (ETFs) to assemble a globally diversified investment portfolio easily. There were a few rules, including holding a minimum of 40 per cent of the virtual portfolio in bonds. The fund was rated “balanced” with a central allocation of 50 per cent in bonds and 50 per cent in shares to avoid too much risk for an investor and to provide some diversification. Although bonds have done very little against a backdrop of rising rates in the US and in the run-up to this week’s UK rate rise, the FT fund has managed to produce a return of more than 8 per cent this year.
    He's running a particular kind of dummy investment and showing readers his decision-making processes. And, actually, the project appears to be doing okay, so if this proves anything, which it doesn't, it isn't 'economic incompetence'.

    I don't really see how you can make a meaningful complaint out of this.
    • TSR Support Team
    • Thread Starter
    Online

    21
    ReputationRep:
    (Original post by TimmonaPortella)
    Did you actually look at the piece in the FT, OP?



    He's running a particular kind of dummy investment and showing readers his decision-making processes. And, actually, the project appears to be doing okay, so if this proves anything, which it doesn't, it isn't 'economic incompetence'.

    I don't really see how you can make a meaningful complaint out of this.
    I'm not a FT subscriber, but it's been quoted elsewhere enough to see he is recommending investors look elsewhere. He's discouraging investment in the UK.

    As for the party of economic competence jibe, people claimed that Labour war-gaming a potential run on the pound proved they are economically incompetent; So surely recommending taking action that will cause one is clear evidence of economic incompetence.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Did TEF Bronze Award affect your UCAS choices?
    Useful resources

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.