Liz Truss Prime Minister

[Elysium]

isaldiri said:

Castrol for a knave said:

Yields were still moving out across most asset classes well into 2024. They are broadly static now.

Transactional volumes are low, so the market can only reflect the evidence, which is limited.

Most investors are just sitting tight and don't want to crystallise a diminution in value.

I'd probably debate that yields were still softening much well into 2024 as compared to (more or less) holding steady to end of 2023-ish levels. 2023 was the big catchup where RE yields were forced to partially catch up to where the markets were more or less pricing them (CMBS/REITs). While there's some can kicking still ongoing given the low transactional volumes as you say, some sectors have been (very) slightly tightening due to being over sold last year - or at least in the space I'm seeing anyway.

P.S and I guess if you think Sep 2022 was bad in the real estate space, it could always be worse if you were a pension fund....

Agree with that although it will vary depending on the asset class. Its difficult to attract new investment when current investors are losing money. At this point things have stabilised enough that money is starting to flow back into real estate.

[blueg33]

We are seeing plenty of money coming into social housing asset classes, but there is no doubt that yields have edged up over the last 12-24 months.

Currently, deploying about £100m pa into just one of our social housing vehicles through one investor with others queuing up. Money is coming from Turkey, USA, Middle East and UK institutions

[anonymoususer]

I just wish Liz was a bigger part of the election campaign. She is well known, likeable affable and has the ability to connect with people.
It's not often I say this but today I will: I say it will be jolly good to see Liz on the campaign trail.
Go on Liz show 'em how it's done

[Elysium]

https://x.com/MichaelTakeMP

[Carl_VivaEspana]

15bn borrowed in May

https://www.bbc.co.uk/news/articles/cmll7k8pl2xo

[Killboy]

Carl_VivaEspana said:

15bn borrowed in May

https://www.bbc.co.uk/news/articles/cmll7k8pl2xo

St Tropez is going to have a few more British Cayman Islands flags flying in harbour soon!

Grrrrr Labour.

[Carl_VivaEspana]

15 x 24 = 360bn

15 x 60 (full labour term) = 900bn

what's the plan?

[isaldiri]

Carl_VivaEspana said:

15 x 24 = 360bn

15 x 60 (full labour term) = 900bn

what's the plan?

The plan is to not stupidly extrapolate a single month out to infinity but look at the actual debt issuance requirement over the year and forward......

[Carl_VivaEspana]

Here is a piece from the FT suggesting a green light to increase borrowing by 20-30bn a year 'for investment' above and beyond the current numbers, whatever they end up being.

https://www.ft.com/content/4f868dd0-259d-45e9-bd86...

[Carl_VivaEspana]

todays telegraph.



He does not articulate how.

[hidetheelephants]

Sunak never articulated anything either, so they're literally copying the tories in every way.

[anonymoususer]

This is the Liz Truss thread. A thread about Liz Truss. A lot of people seem to think this thread can be hijacked for chit chat about other politico's
Liz was the Prime Minister. She may have made a few mistakes she may be the shortest serving PM
She was still the PM
I think we should respect that.
Let's get back to posting tip top info about Liz Truss - what she is up to where is she etc
Incidentally much is made about Liz being the shorrtest term PM. I will simply reply to that by saying someone has to be

[Carl_VivaEspana]

Not at all, economic policy is why Truss was removed from power, under false pretences. The public were lied to.

She was removed due to the failed budget. The budget was about growth and how to get it in order to stave off a financial crisis or, major cuts to public spending.

There now appears to have been a 'pivot' from Labour on this issue of growth now they will inherit the incoming fiscal event.

[Countdown]

Carl_VivaEspana said:

There now appears to have been a 'pivot' from Labour on this issue of growth now they will inherit the incoming fiscal event.

You say "pivot" - were they "not for Growth" before?

[glazbagun]

Countdown said:

Carl_VivaEspana said:

There now appears to have been a 'pivot' from Labour on this issue of growth now they will inherit the incoming fiscal event.

You say "pivot" - were they "not for Growth" before?

Don't you remember? They were anti growth. Liz Truss said so. There was a coalition and everything.

[Countdown]

glazbagun said:

Don't you remember? They were anti growth. Liz Truss said so. There was a coalition and everything.

[tangerine_sedge]

I've got nothing to add to this thread, other than every time I see the title, it's a little reminder of why the Tories need to be voted out.

[Carl_VivaEspana]

Countdown said:

Carl_VivaEspana said:

There now appears to have been a 'pivot' from Labour on this issue of growth now they will inherit the incoming fiscal event.

You say "pivot" - were they "not for Growth" before?

No, actually the Rachel Reeves speech to the City was a watershed moment. I thought it was a great speech .

[Carl_VivaEspana]

IFS Manifesto analysis.

Paul Johnson:

"Current plans are for big real-terms cuts to investment spending – of £18 billion a year by 2030. While the March Budget assumes overall day-to-day spending will rise by 1% a year above inflation, plausible settlements for the NHS, childcare, and defence, will likely leave other services facing cuts of somewhere between £10 and £20 billion a year.

The “conspiracy of silence” about all of this has been maintained. Regardless of who takes office following the general election, they will – unless they get lucky – soon face a stark choice. Raise taxes by more than they have told us in their manifesto. Or implement cuts to some areas of spending. Or borrow more and be content for debt to rise for longer. That is the trilemma. What will they choose? The manifestos have left us guessing.

So in these opening remarks I am simply not going to engage with these so-called "fully costed" manifestos on their own terms. Their proposals on tax, benefits and public service spending would be barely enough to detain us in analysing a modest one-year fiscal event. They certainly don’t answer the big questions facing us over a five-year parliament."

https://ifs.org.uk/events/general-election-2024-if...

[S600BSB]

Good to see laughing Liz right at the centre of Labour’s latest mailshot (along with Rishi getting wet in Downing St and Boris sinking a pint on the eve of Prince Philip’s funeral). Chuck in a discharging sewage pipe, a queue of ambulances and a food bank and it’s a decent montage.