Today’s Bank of England intervention was driven by the potential for chaos in a corner of the financial services industry that underpins pensions funds.
The speed and the scale of the collapse in the value of government bonds, known as gilts, which are required to be held because they are ordinarily so stable, put pressure on liability-driven investment funds.
Possibly the most incompetent election campaign manager to have ever lived. One day in the far off future he will be sighted as that too.
Starmer took over the richest party in the UK and brought it to near bankruptcy in no time. That's not economically competece. Starmer has expelled more Jewish members than any other leader of any party ever. That's not getting rid of antisemitism. NoCredibility
🇺🇸💥BOOM💥: Epstein had Tony Blair, Mick Jagger's phone numbers in his 'little black book' along with that of Diana's brother. The book contains over 1,000 contacts of hundreds of famous people around the world.
On the contrary, Labours anti-semitism and racism issues have never been larger. The party is ridden with those who weaponised anti-semitism which is in itself, anti-semitic. Labour has a very, very long way to go.
Anyone asked John which party he is a member of?
ModerateLabour1 Labour aren’t Thatcherite’s, far from it, they are more social democrats
This guy lost every seat in Scotland. Why have you got him on. Ohand this is real reporting. LabourLeaks
Funny how they denied being Tories, and cried 'abuse!' when that's what we were rightly calling them.
Margaret f**king Thatcher could return to this labour party God knows, she couldn't make it stench any worse than it already does LabourFiles
Tories welcome in Labour Party ffs what does that tell you…democracy, what democracy.?
Mr McTernan equated Thatcherites with the radical centre. When Thatcher is the middle ground, who exactly is on the Right? Seems like UKLabour has moved further to the Right than many of us have thought.
Told you so
Oh.. HIM!
Tpopularfront God this man annoys me!
That statement alone says whats wrong with Labour
Tpopularfront Thatcher's greatest legacy, New Labour.
Labour move to establish a 'centre', fully embracing & occupying the position of thatcherism. UK now has a far-right tory party and a right-of-centre, neoliberal Labour party. We need a new, progressive left movement to stop both these capitalist vultures
🤢
Take note of the AJIunit LabourFiles and see what PROPER investigative journalism is about. bbcnewsnight UnfitForPurpose
Vile man. One of the early clues about the direction the Labour party was heading
Dealing with antisemitism by expelling Jews?
Lol
The Labour Party under Starmer.
Sweet f**k ,Thatcherites welcome in Labour Party ,Socialists can do one 😡
Wankers.
So, basically, Labour under Starmer is the old Conservative party. That is what he is saying. It's not so much the 'center' ground, as he has lurched to the right, and occupied the ground vacated by the conservatives. Who now represents the Labour party of old?
Brown666W Didn't know he still existed.
When the Blue Tories become indefensible enough its establishment enabled Red Tory Time.
As everybody knows johnmcternan is a tory
So it’s simply another Tory party then.
Sad to see he’s still on the drink
Absolute weapons like him worked his socks off to stop Labour winning, and nowvthe Tories are safe in a Tory lite party.
'Has beens shouldn't be giving an advice to wannabes' McTernan etc are Entrists. They were in the Blair years, they are again now. Starmer is visionless & weak & is clinging to these ppl. Many seem happy with 'lesser of 2 evils'💀 UK needs a new direction. EnoughIsEnough
And since that has yet to be proven, it's pinch of salt time.
The Labour Party - home of Thatcherites 🤮 as if I needed reminding why not to vote for Starmer’s red Tories
Oh 🤢
Billionaire oligarchs, worried you've totally screwed up the country & your current politicians have failed, fear not rebrand as Labour nobody will notice. Our with old & in with new politicians for sale, policies will depend on amount of cash given.
Probably why 200,000 of us have left the party.
😂 They have almost bankrupted their own party!
Tory scum
Trust me, given the choice between Tory and Tory Lite, conservatives are always going to vote for the real thing. Democrats in the US have tried the same strategy for 40 years, and the only thing it's done is make the Republican Party stronger.
Jesus F*cking Christ!!
That's hilarious, though. The Labour right are far from the 'party of economic competence'. They are completely untried and untested. And in fact, in 2 short years, they've nearly bankrupted Labour Party finances, previously healthy and in the black. God save us all.
Jesus, “Thatcherites” are welcome in the Labour Party. Anyone on the Left still supporting that party deserve all they get.
In short he is saying the LP is now the Conservative Party.Thatcherites welcome!We’ve got rid of those awful anti-semites, esp. the Jewish ones!- even although ItWasAScam. I feel so smug because I can talk shite on National Telly and appear Starmer!NO!!!
Lol.
Best Tory around this John guy.
Outrageous statement… UKLabour is dead, the values held up to 2019 by the then leader is no more. Thatchers policies hurt so many Labour lifers, and this twit is stating kier_starmer is ready to “Thatcherite” this nation again? RIPLabour
The Labour Party is a seriously weird organisation
No kidding..
Funny that he seems to think 'Thatcherite' = economically competent
In what world is the Labour Party a home for Thatcherites?
What the f_ck?!
Don't mind John He is pretty straight up neonloberal remain and right wing . He doesnt hide it
It doesn't matter who we vote for we'll still end up with right-wingers, it's a never ending cuntathon.
John McTorynan
I think you owe lots of people lots of apologies WATCH ALL 3 episodes of Al Jazeera's LabourFiles: ItWasAScam Part 1 👇 The Purge Part 2 👇 The Crisis Part 3 👇The Heirarchy
He’s the biggest Tory going. Has no place in Labour Party.
43 years of unbroken Thatcherite neoliberalism is enough. The country can't take any more.
He's called 'Tory boy' for a reason.
Labour are Thatcherites, I couldn't agree more. The party of the banker, landlord and media baron. Not the party of home ownership New Labour created generation rent. By letting property prices expopde by 300%.
'Thatcherites' can 'come home' to the uklabour party? Is this some kind of Freudian slip from johnmcternan?
Vote Labour, get thatcher. There you have it.
Labour are the new Conservatives. How wonderful.
State of this inveterate, venal, incompetent no mark.
How the hell is the Labour Party ‘home’ for Thatcherites? How can anyone be a part of Labour and want that?
'You can have any party you like, as long as it's Thatcherite', to borrow from Henry Ford. Cheers, johnmcternan - bodes well for whatever's left of our democracy. Count me out. If I wanted to snuggle up to the selfish, myopic and greedy I'd have joined the sodding Tories.
And so it came to pass..
Tony Blair eh? I remember 1997 to 2001 but I seem to recall a few incidents happened which caused some bumps soon after. However, I seem to remember it all came to a glorious end setting the conditions for the next Labour Government to swiftly follow after…1,2..uh. 2024?
McTernan is a tory
“Thatcherites are safe to COME HOME to the Labour Party”. He said the quiet bit out loud.
This is truly frightening
LabourFiles FordeReport LabourFiles FordeReport BBC DO SOME PROPER JOURNALISM.... FOR GOODNESS SAKE.
Who on earth sees anything likeable about this absolutely horrible bloke.
this isnt the labour party
Errr…what is “radical centre”?
He hates Trades Unions too. The new Nasty party.
There is no such thing as “the radical centre”.
A bunch of racists who lied to get Corbyn out, with your help LabourFiles
I do not still understand why politicians have to air their ideas on media. Does that mean they are pleading to be heard because no one in there party listen? If so is that politician has right to stay within the party when he is not able to do the required job? Please explain?
Yep, that’s what he said. Labour is Dead
Thatcherites are the problem ffs
McTernan will say or do anything to cosy up to his paymasters. If Labour follows this Bozo’s strategy they’ll be going down the “gurgler”.
He is one of the people working in the background to move the Labour Party to the right. Met him briefly. Nice bloke- would not go for a drink with him though as he is determined and ruthless to achieve his aims. Takes no prisoners.
DontVoteLabour , Tory or LibDem - all nasty Tories wearing a different coloured rosette. LabourFiles
The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but it already was impossible to say which was which.
A Labour party that freely admits to be 'thatcherite', there can be no more proof then this to anybody still banging the 'Tory enabler' drum, that Labour are Tories. So next Tory who calls somebody a Tory enabler, can stuff off.
Oh yes, we should all take notes from the man who, *checks notes*, said Labour wouldn't lose one seat in Scotland... A scotland where Labour went on to loose nearly all its seats.
Why are we supposed to bother voting for this party again?
Tis a scabby smeggy looking creature...
Not many Scottish Thatcherites...
He is saying: “traditional Tory voters can come and vote for Labour” Labour can’t win without middle ground and disaffected Tory voters. It’s perfectly sensible
As a fearless investigative journalists who abhor racism, you should see this shocking new doc on Aljezzerra that exposes Keir Starmer’s Labour’s racism & how they manufactured countless antisemitism smears! LabourFiles
Isn't he the person responsible for Labour losing Scotland?
The New Tories party
The Labour Party is a safe place for Tories, straight from the biggest Tory of the all.
Is Mcternan saying Thatcher wasn’t a neo liberal ideologue? He’s rewriting history. She was bonkers but not in the same bonkers league as Truss.
Monumental bastard. A fiend. Lowest of the low.
I see johnmcternan has predictably got stick for this but of course he’s right. Labour needs to win the support of people who admire, and voted for, Margaret Thatcher, whose policies never embraced unfunded tax cuts and who signed the Single European Act.
Labour are a bin fire of Tories and neoliberal racist scum!
Again, no pushback from BBC Sound money? Thatcherism? Thatcherism resulted in the collapse of the global banking system. Sound money? NewLabr, LibDem, Tory printed 100sbi££ions for 13 years, negative rates, record personal debts. Sound money BBC state broadaster, no pushback
John helped lose every Labour seat in Scotland bar one.
“Come home” thatcherites should have no home in the Labour movement & there in lies the issue
When the Tories implode, you can bet the Tory Mk2 party will be waiting in the wings. Nothing will change under that lying fraud Starmer. Nothing.
Any chance you’ll cover LabourFiles ?
“come HOME”, speaks volumes, Labour has been a quasi Conservative party for most of its existence 🤷🏻♂️
Radical centre 🤣
..........................JUST MY THOUGHTS NOT UNTIL WE HAVE A SYSTEM IN PLACE THAT HOLDS LYING DECEITFUL CORRUPT TREASONOUS SEX OFFENDING DRUG USING BULLYING POLITICIANS TO ACCOUNT, WITH A POLICE FORCE AND JUDICIARY SYSTEM WILLING TO CARRY IT OUT , NOTHING WILL CHANGE IN UK
i thought he was in Labour tbh now we know why he lost Scotland
Ok, so they don't want my & my families vote then?
And he did so well with labour in Scotland 👀 so why are you interviewing him & why do these men in power fall upwards?
So basically, Labour and the Tories have morphed into one. Vote Labour and get Tories.
Thatcherites are welcome in Keir_Starmer's UKLabour Party. Socialists are expelled. Join an organisation that is proudly anti-capitalist and fights for worker's power and the Socialist Republic. SWP_Britain will NEVER sing 'God Save the King'!
Labour 🤝🏻 Tories Same shit, different colour
Hey Newsnight. Try some real reporting for a change. LabourFiles
Ah good. The Labour Party is now a Thatcherite party. Excellent stuff. Is this Tory enabling now or I’m I still the Tory enabler for not wanting to vote for this shit.
Awful, just awful. Labour is not the home of Thatcherism
That's some panel - featuring 2 of the right wing saboteurs responsible for losing 2 elections. Watch the LabourFiles
The Overton Window doesn't afford the electorate much of a panorama these days, does it? Perhaps, in the interests of expanding voter choice, BBCNews could stop pretending that Labour opinion offers anything like a balance to Tory opinion?
John McTory keeps being a Tory I see
This guy is a liability.
She doesn't even think to ask him 'if thacharites are at home in the labour party why does it call itself democratic socialist?'. Zero effort journalism.
Finally, we have a serious party that will defeat the vile menace of Thatcherism though the foolproof moderate strategy of being full of vile Thatcherites.
He means that Labour are now a wholesale establishment party. Fair enough … but have the grace to change the name of the party to something more fitting. Does the SDP still have dibs on their name? If not, take it … and cut the crap!
WATCH ALL 3 episodes of Al Jazeera's LabourFiles: ItWasAScam Part 1 👇 The Purge Part 2 👇 The Crisis Part 3 👇The Heirarchy
Thanks lads, this post will come in handy whenever some briefcase Labour dipshit gets upset when I point out they're a Thatcherite
One of the worst, most wrong people in British politics. Who does he think he is?
johnmcternan was head of strategy for ScottishLabour in 2015 when they lost 40 of their 41 seats. The only thing he is an authority on is losing.
😳
Bet you McTernan cries about being called a red Tory
John McTurdman
nicholaswatt Why would platform Morgan Schondelmeier of the secretly funded Adam Smith Institute without at least mentioning that their funding is opaque? Irresponsible journalism
John McTernan is a massive Tory
Possibly worth mentioning that this man has been involved in losing elections on 3 continents
This guy. I think perhaps a few weeks off might be more appropriate than a slot talking more nonsense.
Won’t be getting my vote then as Thatcherites are currently running the broken government we already have!
Thatcherism is the root problem, John is a dangerous fanatic, and the fact he's not challenged on what he says underlines the paucity of your journalism.
Why on earth should 'thatcherites' be in the labour party?
The famous thatcherite centrists
Hahahaha shut up johnmcternan
McTurnip
Jesus fucking Christ
This right wing stuff really isn't working, can you please stop amplifying it?
Why would they join labour when they're in power?
Saying the quiet part out loud.... apparently no matter who is the government, thatcherites have to be accommodated.
If you say this with an 'and that's bad' tone as opposed to an 'and that's good' of voice you get fifty red-faced liberals demanding to know why you want the Tories to win in your replies. This is what the Tories winning looks like!
I'd be interested to see what mental gymnastics starmeroids use to pretend he isn't a Tory now after this admission
Not very economically competent to bring the LP to the brink of bankruptcy in 2 years, having inherited a very healthy bank balance from Corbyn years.
Socialdemmo Everyone on that panel should be in prison
The Labour Party is not the home of Thatcherites. That would be Hell, next to their idol. The Conservative Party is, however, the home of Blairites and Starmerites. They just can't get in because they didn't go to the right school and their parents weren't rich enough.
nicholaswatt Greedy Cameron, Cruel May, Corrupt Johnson, Insane Truss. Who will be the next Tory PM? Meanwhile, steadily the planet heats up, Labour snores and the British Media pedal lies. This is Great British Democracy in C21st, folks!
🐍
So good to see a true Labour lad insinuating Thather was economically competent. I'm sure promoting such lies will help advance the cause of equality for working people and their communities, and doesn't show these people are an enemy to such ideals.
Party of sound money? When Corbyn was ousted in 2019 the party's funds were very sound three years on and it's in dire straits.
Labour was never the home of Thatcherites, New Labour tricked their way in, squatted and took over the place.
Thatcherites' natural home is the Labour Party...? I mean... seems true enough these days, but odd to just say it out loud like this. Few years ago people like McTernan were crying about being called Blue Tories. Now they're begging voters to recognise them as just that!
nicholaswatt
Labour be like
nicholaswatt Nobody watches this manufactured nonsense anymore.
Uprooting Antisemitism is the biggest lie of the afternoon, not to mention other forms of racism The FordeReport revealed a hierarchy of racism against Black, Brown & ethnic minorities Lab22 LabourConference2022 StarmerOut ItWasAScam LabourFiles
the Peckham Terminator paying tribute to an iconic 90s look, nice
This is what happens to washed up former big names, they spend their time craving attention from twitter
Maybe the Labour Party should send a memo to all those representing them on mainstream media about how to do good PR because this man fumbled it. I can imagine sheer panic unfolding at Labour Comms HQ as they watched this. Especially after the Rupa Huq/ LabourFiles news.
Why are you interviewing him?
This guy?! 🤔🤫🙄🤦♀️🚮 LabourFiles We all know you've watched it..
McTurnoff saying the quiet part out loud, is it?
nicholaswatt Once again the Bbc DECEIVING viewers about the nature of these ‘think tanks’ Fringe lobbyists from the fringe platformed as ‘experts’ WHY ? These lobbyists are the knes Truss obeys 🤷♀️
nicholaswatt So taxes for the wealthy are going down Now welfare payments for the poor are going down It's called a mini-budget, but there is no vote on it. There . Is . No . Finance . Bill The only bill we have is the one now laid on door mat of the British public to pay for this foolishness
nicholaswatt This programme is crap imho 🤦♀️😂
Dear me
First step would be sacking the Cabinet Office and other Civil servants who partied creating cake gate. Jailing of those who broke OSA as well.
departments must merge...double down..
Identify spending....that is easy, only pay the gov. what they are worth....It appears that they are worth less than nothing so, that is a tidy sum we could have in the coffers.
Avoidable economic meltdown. Austerity. Repeat. Eventually there is nothing left. Why does anyone vote Tory?
Stop MP’s pay and expenses until they can resolve the situation
Reform the NHS would save billions
Is that on top of the previous round of savings at the start of the financial year 🤷🏻♂️
Hopefully they label privatisation, NHS market, fraudulent almost doubling contracts, Military being banned from doing own renovs while qualified and av staff. Having private chefs in military. MOD procurement and contracts... privatised gig economy social care. NHS consultants
….& so the cut backs begin.
This will cover all departments and every civil service department. I am told
Well that’s cute but I just posted my pcs_union ballot voting yes for a 10% pay rise and stop to job cuts and redundancy terms EnoughlsEnough pcs stopthecuts
Cut the Cabinet office and move most staff out of London .. sell the buildings .. it’s that easy
Why don’t they start with the House of Lords. £300+ a day just for turning up. Then look at the house of parliament’s subsidised bar, restaurant. MPs generous pensions. The cuts only seem to affect the general public never politicians. UKParliament 10DowningStreet
Liz Truss is just one decision away from a catastrophic UK economic distress.
GeneralElectionNow
nicholaswatt trussliz & KwasiKwarteng the millions ExcludedUK / ForgottenLTD / OfficialEUA have depleted any savings, took on debt to survive & now face a COL crisis & rising energy bills. These freelancers / business owners can barely afford to survive, never mind help grow the economy
Oooh here’s the BBC trying to sow division when the tories are having a bad day
Thatcherites feeling safe in Labour would not be a good sign
Not New Labour, more New Conservative...
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MetroUK - 🏆 13. / 82 Read more »
Source: Channel4News - 🏆 27. / 68 Read more »
Source: BBCNews - 🏆 3. / 97 Read more »
Treacherous path ahead for Bank of England and markets\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. At least if you were with the EU you could develop a plan on how to tackle major debt issues, the single market working together would reduce risk It's also short vs long term resolve here, the issue is avoiding radicals coming to power Do you want to invest in Ghana, Africa? Look no further than here. We provide the best real estate you can ever imagine
Source: FT - 🏆 113. / 51 Read more »
Source: LBCNews - 🏆 75. / 59 Read more »
Source: BBCLookNorth - 🏆 37. / 67 Read more »