BoJo banished - Liz Truss down. Is Rishi next for the toaster? **threadbans in OP**

No no, guys, you don't understand. When the market falls it is just the market overreacting and ultimately failing to understand. When the markets take profits and thus rise, it is down to the greatness of Truss and economic announcements.

We are back to the Brexit line of 'well the worst didn't happen so therefore anyone who was against this is entirely wrong."

There was simply no need to go down this path, well not except they wanted to look after the wealthy.

That No10 & No 11 have seemingly been caught so off guard with actual details and being able to articulate the plan is what is spooking everyone. Now the BoE comes out with a nothing statement, trying to push everything back a few weeks when the markets want answers now.

No 11 have been forced to agree to publish the OBR reports and projections, a turn by Kwasi who refused to publish them because he knew best. It is this type of chaos that drives market fluctuations.

And let's not kid ourselves. This is not normal market fluctuation. This is a massive movement. The Tories will try to pass this off as just normal market behaviours but they are anything but

Except it won’t be the Tory party and its core supporters who will be the ones sacrificed

Handy timing. They can immediately replace Elizabeth's face on the coinage and notes with an image of a broken down toilet.

Oh I agree, Middle England is in for a brutal reckoning over the next year or two (well, apart from the usual mortgage-free pensioner brigade whom the Tories know better than to upset).

But I don’t think Kwarteng’s kamikaze budget was aimed at Middle England, which gained little if anything from it, even on its own terms. Rather it was designed to please the rich elite, the sort of people whom the Sunday Times reported yesterday got wind of it in advance and shorted the pound

Doesnt this have all the hallmarks of what the Republicans do in the US when in power, blow up the national debt with tax cuts for the wealthy and then when the Dems get power they spend years screaming about the deficit and fiscal prudence. Maybe the Tories have accepted losing to Labour at the next election so intend to saddle them with a huge national debt?

There are a couple of big differences:

The USG doesn't run healthcare, so deficit problems and funding shortfalls doesn't directly impact people's abilities to access healthcare. The US Government doesn't run the hospitals, they're more or less for-profit enterprises and they can control the care they provide based on their revenue streams, good and bad.

Both political parties raise taxes; the GQP tend to actually crater the economy by greed, ineptitude and elimination of controls (see: Crash of 2008). The Democratic party isn't innocent either (S&L crisis, which didn't blow up the deficit, was a failure of regulatory oversight.)

The US economy is growing and there's not been as much of a 'spite your partners' effort in international trade undertaken recently, bar silly restrictions by TFG on things from China and others, these were small-ish. Brexit on the other hand, is an enormous reset with anticipated bad outcomes like what we're seeing, and still the unanticipated ones. Like, what will happen when the UK actually does meet its requirements and inspect shipments?

Thatcher was a very intelligent person with a clear plan. Sadly it was a horrific plan for some sections of society but that was by design.

This crowd are winging it.

Maybe go back to the real original "Is Liz Truss Toast"

Random question, but anyone with geographic London knowledge have an idea of where he was going from/to?

It just seemed strange as at the end he refers to 'going to his office' which is presumably 11 Downing St but that street didn't seem to be in camera shot? And also there's no good reason for him to be out on a walkabout. Use the internal passageways. Use your car&driver if you need to go further.

Letters of no confidence in her are going in already according to one Tory MP