It's all falling apart alarmingly fast for Boris Johnson across the water. How long you reckon he has left as British Prime Minister? Hours surely?
How many parties are they talking about now? I've lost count.
Threadbanned users
Packrat
Monopoli
As far as I'm concerned any pro-Truss posts you make should just be pointed to and laughed at, because that's all they deserve.
There would always be a rebellion from pro-Rishi Sunak MPs who believe the precise opposite of what Liz Truss is doing.
It's the same in every party, there is division about how policy should be implemented.
That doesn't mean Truss is going anywhere, anytime soon. Because she isn't.
"Tories to rebel against Liz Truss if pound falls below the dollar"
How long has she been in charge again...2 1/2 weeks? This is going swimmingly.
It is also worth noting here that the owner of a lobbying firm holds the ear of the PM and is paid by his company and not the taxpayer...
yup, this is scary looking stuff, its disturbing to see unfold, how in gods name did they come up with this strategy, when its obvious, it wont work, and in fact will end very badly, and not just for them ....
Except it wasnt a budget, she specifically made sure its not an official budget so the OBR wouldnt get to go over it with a fine tooth comb and give it the proper criticism it deserves as being absolutely off the wall.
No joke, it may well come to that.
Last week was like a stunt an Argentinian government in the late 90s would pull. And we can't afford an Argentina writ-large parked off the coast of Europe.
I hope people chumming-up this ridiculousness keep their heads down if it comes to pass
some expecting a uk bond crisis in the coming months, jesus they are truly fcuked!
It’s the fundamental tenet of a dystopian society. Make the chosen few incredibly rich so can build big walls around themselves, and screw everyone else
trickle down economics hasn’t worked since Reagan and Thatcher dreamt it up. It’s a scam…..quite a well crafted one, to be fair
And all of it predicated on the simpleton maxim delivered like a wide-eyed schoolchild: "tax cuts lead to economic growth"
This is what happens when a party like the Tories start thinking talking in bumper sticker slogans is how you run a country.
Terrifying. And these are the "best and brightest", Oxford PPE blah blah.
Choice quote;
“Abandoning a voter coalition that won us a majority of 80 in pursuit of trying to win all seven libertarian voters in the country is certainly a bold move,” said one despairing Tory MP.
They won't be exporting Werther's Originals to the town of Werther in Germany. A lot of what people assume is English are foreign brands or foreign owned like the railways and utilities.
It is predictable because it has been tried before, it doesn't work. George Osborne cut the top rate of income tax from 50 per cent to 45 per cent and reduced corporation tax to the lowest in the G20. It failed - growth and investment flatlined
How on earth is the pound going to rally against the dollar?
See you in "the coming weeks". How do you like your crow served by the way?
Anyone familiar with conservative economic principles understands that her budget is in alignment with those values. We shouldn't be surprised that a Conservative Party leader (finally) actually implements a conservative budget; some are saying the most conservative budget since the mid-1980s during the reign of Margaret Thatcher. There's a reason why Jacob Rees-Mogg referred to Rishi Sunak as a socialist chancellor. Cameron and Osbourne were more like Blair Mark II. At least Truss is sticking to first principles; it's about time, too.
It would have taken you less words simply to say helping the rich and crapping on the poor and vulnerable
That said, I'm willing to predict that the pound will rally in the coming weeks, once the initial shock value has subsided. It may not, but I'm willing to gamble that it most likely probably will.
...because your history of predictions has been so accurate? 🙄
There's nothing dystopian about it.
You may disagree with it, but it can hardly be called dystopian.
Yep. Truss has turned the UK into an asset strippers paradise almost overnight. Funds armed with a muscular dollar are going to bleed the UK dry for pennies on the pound.
The Tory party have some serious soul searching to do.
The dark spot for Ireland is we're sitting next to this mess as it unfolds.
It's the indoctrination they'll have gotten at the IEA and the other grubby little Tufton St think tanks.
Truss just thinks that traders in London, swapping companies between each other and stripping out costs, creates growth. She things that growth correlates exactly with the wealth of the top 1%. It’s truly dystopian
You can't chummy-up what's happening in the markets. Did you pay attention to how they reacted?
Santa Claus isn't real, and you can't cut blank cheques to the energy industry and implement giveaway and unfunded tax cuts to the rich without burying your economy.
There is no growth in the UK economy to be had. They are in trouble and this has nothing to do with spin or people saying mean things about Truss (even though she's an even bigger dolt than Boris).
But the wishes and views of Boards members can't tank Liz Truss or cause the pound to plummet.
So if her budget fails who is to blame and why ?
Up is down, black is white and we were always at war with Eastasia. As predictable as day following night.
It's a trainwreck. No amount of sloganeering or Trumponomics changes this.
Even the RSPB is getting involved:
What I'm saying is that it doesn't matter what Truss proposed in her budget; the same anti-conservative forces would spin the policies to proclaim how the UK is doomed to failure and penury.
The conclusion will always be the same, no matter what Truss and the CP say or do. Your minds are made up before Truss even speaks.
It's Easter Bunny economics. Not only will it fail, it has already begun to fail. Sterling is at a 37 year low against the dollar and there's more where that came from.
If the UK had an export industry worth talking about instead of being a consumption focused economy there might be an upside. But that's a lot of Werther's Originals to sell to the Japanese / Germans / Americans. There is no upside.
We need to stop believing in fairy tales. Truss and Kwarteng have bet the house on a undergraduate level brainfart understanding of how the world works.
The UK is f*cked if they don't reverse course.
Are you suggesting that people can wish something to fail.
Or are you suggesting "A Very British Coup" style deep state attack on Truss premiership ?
I think it's a case of anti-conservatives wanting the UK / CP to fail under her policies / Brexit, rather than because they will intrinsically lead to that outcome.
Sorry not sorry for pointing this out, but the mini-budget is the Great Pyramid of Giza of idiotic budgets.
You can't give deep tax cuts to upper income deciles like that without a commensurate deep cut in government spending. If they attempted the deep cuts, the UK economy will fall apart. If they persist with this, Sterling will collapse. It's pro inflationary and magic money tree stuff much worse than anything even Corbyn would come up with. It's Easter Bunny and Bigfoot economics put together.
There's is no roadmap to growth in the UK. They have no particular advantage in anything after they castarated themselves with Brexit.
It's bad news from here on out I'm afraid.
It's the same as how Brexits failure is the fault of remoaners.
“if it doesn’t then some unknown future third party effect will be the cause…..”
and there it is……the groundwork in place already for blaming labour for everything when they win the next election and have to try to clear up the mess
So you don't know and it is impossible to predict.
But you can 100% predict it wont be her fault.
I assume you would never question Labour economic policy either because "economics is stupid to predict"
![Photo of [Deleted User]](https://w7.vanillicon.com/v2/7eb61b90d43b6a9f2815c2a58d0f497f.svg)
![Photo of [Deleted User]](https://wd.vanillicon.com/v2/df05300f57fe28ddd3330602c0adbfdb.svg)
![Photo of [Deleted User]](https://w0.vanillicon.com/v2/07abd39dc4f0afde3c391afc78cc920e.svg)
![Photo of [Deleted User]](https://w0.vanillicon.com/v2/0e28477cb8381b089d86bb2f8d128369.svg)
