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

Strazdas · 15-10-2022 04:30PM

https://www.boards.ie/discussion/comment/119748443#Comment_119748443

The right wing zealots in the press were also a big factor - the Daily Mail for example were fans and were pushing her for PM.

Yurt2 · 15-10-2022 08:59PM

...

VinLieger · 15-10-2022 10:48PM

Cruella braverman is now out chatting about her ambitions to be PM, is everyone just going to get a go before the decide to hold an election?

Yurt2 · 15-10-2022 10:49PM

https://www.boards.ie/discussion/comment/119750156#Comment_119750156

She may as well give it a whirl. Nice thing to have on your CV before the people give her the old P45.

15-10-2022 11:12PM

https://www.boards.ie/discussion/comment/119750163#Comment_119750163

Just seen an ad for the show channel 4 are running with Alastair Campbell and Sayeeda Warsi pop up, might as give one of the contestants the gig now at this point.

Capt'n Midnight · 16-10-2022 10:10AM

https://www.boards.ie/discussion/comment/119748673#Comment_119748673

Hunt had the support of *checks notes* 18 MP's in the first round of the leadership contest.

(ie. Less than 3% of the HoC. Technically 0% is within the ±3% of opinion polls)

It's also been said (by whom?) that Liz was given a choice to take Hunt onboard or else

https://www.theguardian.com/politics/live/2022/oct/16/liz-truss-tax-conservatives-tories-jeremy-hunt-kwasi-kwarteng-chancellor-latest-updates

HUnt says Liz is in charge. “Never believe anything in politics until it has been officially denied.” ― Otto von Bismarck on

Akrasia · 16-10-2022 11:22AM

https://www.boards.ie/discussion/comment/119750924#Comment_119750924

Hunt has already started softening up the markets for the prospect of more Austerity. Given his record as health secretary where he became known as Jeremy C*nt by the Doctors and nurses, and the state of industrial relations in the UK already, I think his honeymoon period will be very short

Yurt2 · 16-10-2022 11:33AM

https://www.boards.ie/discussion/comment/119751176#Comment_119751176

The British public won't wear any more austerity.

Danzy · 16-10-2022 11:46AM

https://www.boards.ie/discussion/comment/119751202#Comment_119751202

Everyone globally is going to wear more austerity.

That's the nature of the times and the debt bubble of the last 20 years unwinding.

16-10-2022 12:27PM

https://www.boards.ie/discussion/comment/119751202#Comment_119751202

The British public are going to have to. So are we. So is everyone

Yurt2 · 16-10-2022 12:34PM

https://www.boards.ie/discussion/comment/119751230#Comment_119751230

The Irish economy is actually in a very good position relative to European peers. We'll be one of the last to have to go to austerity. Gutting-out this winter won't be easy, but we're running surpluses and are highly likely to continue to do so.

The UK is in a world of sh*t, we are not. On a macro level, we have the magic *growth* beans Liz Truss is looking for.

Danzy · 16-10-2022 12:51PM

https://www.boards.ie/discussion/comment/119751384#Comment_119751384

It is, every where will feel it though, Britain much more than us, Germany more than them, that's a shi7 show unfolding that may be unrecoverable, inflation figures in Eastern Europe are South America style numbers.

Ultimately all our main trading partners are going into recession or stagnating.

Even in America real wage power is down 6% even as wages surge ahead.

Truss's loony approach has helped accelerate their mess.

Labour are going to be like the Irish Labour party last time in Govt, where the question will be not where help can be allocated but who gets the least cuts.

Global debt to GDP has gone from 200% in 2013 to about 370% now.

We'll all survive but the largesse, spending, lavish waste and mismanagement, the good programmes in place.

That's not going to, this is worse than 2008 in many ways.

Yurt2 · 16-10-2022 12:55PM

https://www.boards.ie/discussion/comment/119751442#Comment_119751442

The debt that Ireland services is affordable. We're running significant surpluses and there's no sign of that stopping. Wait until next year's figures come in.

There's trouble ahead for many economies, but Ireland is one of those uniquely placed countries. It's odd after the shambles of 2008 on, but we have really pulled our socks up from a sustainable economic model point of view.

Danzy · 16-10-2022 01:09PM

https://www.boards.ie/discussion/comment/119751454#Comment_119751454

We are better placed than most.

There are serious issues in some ways but when you look at the neighborhood, existential economic crises seems to be in fashion across Europe.

yagan · 16-10-2022 01:11PM

We're actually one the very few economies that grew during the pandemic shutdowns. Investments made in education focused on the sciences since the 1970s are baring fruit, especially in biomed and pharma. That's not going to suddenly unwind and considering the aging profile of most western economies demand for that sector is going to continue to grow.

Even before the pandemic Ireland was responsible for half the global exports of intensive care ventilators.

Economics101 · 16-10-2022 01:14PM

https://www.boards.ie/discussion/comment/119751202#Comment_119751202

This kind of statement stems from the notion that Austerity is some kind of deliberate policy choice. If a debtor country starts having problems with financing its debts, or a country with a big balance of payments deficit faces a crisis, or if a country suffers disruption to its trading links, or if a country is hit by a terms of trade shock (as in big hikes in the cost of imported energy). then austere times will be the result.

Much of the above applies to the UK. It implies the UK will inevitably be poorer, and this is not a policy choice, it is the result of circumstances, over which one may not have complete control.

Of course you can pretend that if only some other people ("the rich") would pay, then many people might avoid austerity. But that's another complicated and very political question.

16-10-2022 01:15PM

https://www.boards.ie/discussion/comment/119751454#Comment_119751454

The property bubble is the only fly in the ointment. When it implodes many families will be homeless and recent interest rate rises could be the beginning of the collapse of that house of cards. Will the government have the stomach or skills to intervene effectively - all the indications are not.

Yurt2 · 16-10-2022 01:25PM

https://www.boards.ie/discussion/comment/119751525#Comment_119751525

It is always a policy choice. The UK is a low-growth economy but before Truss took the helm it wasn't in the realms of destitution.

The UK could elect to raise taxes (particularly on certain passive asset classes or indeed corporation taxes) rather than imposing austerity. That means sustained low growth but that's the corner they've boxes themselves into. Truss wanted growth (no sh*t Liz) but she elected to try do it in a manner that was science fiction.

In fact, it doesn't really matter what option they take. A bit like Japan, low-growth is baked into the UK economic model, but unlike Japan they generally owe money externally. They can make lower and middle income workers pay, or they can make asset owning classes pay (by which I mean monopolistic rentiers who have been treated with kid gloves for decades). There are still choices to be made.

Politically, middle and lower income workers aren't going to wear austerity for the sake of a Tory generated crisis. That much is obvious.

Itssoeasy · 16-10-2022 01:25PM

https://twitter.com/peston/status/1581621977067814913?s=61&t=7HTNv7fytDsHsXCMqgk-BA

Surely it’s a case of when not if now, although given her performance since she took office I think it was always a case of when as while all the recent conservative PMs have had their faults but they weren’t completely out of their depth either.

yagan · 16-10-2022 01:42PM

Brexit is chewing up the Tory party, Cameron, then May, then Johnson, now Truss since the vote. The Brexit stance is opposition to any alignment with the EU even to the detriment of the domestic British economy and society. Whoever comes after Truss still has to honour this estrangement.

ancapailldorcha · 16-10-2022 01:59PM

https://www.boards.ie/discussion/comment/119751202#Comment_119751202

Of course they will.

16-10-2022 02:09PM

Having lived most of my life in England, I can say from personal experience that the British are servile and extremely deferential to authority. They accepted austerity because authority figures told them that it was necessary. Nothing has changed about the British.

16-10-2022 02:19PM

Maybe she never stopped being a Lib Dem. Maybe she's actually a genius out to destroy the Tories.

Furze99 · 16-10-2022 02:19PM

https://www.boards.ie/discussion/comment/119751384#Comment_119751384

I wouldn't be quite so gung ho about our economy. Strip out some of the large multi nationals here and the lights would start to dim quick enough. We still do a lot of trade with the UK and there are close links between us in many ways. What other real productivity do we have - baby milk formula is about it and that dairy model is coming under increasing scrutiny due to it's impact on our climate change commitments.

breezy1985 · 16-10-2022 02:23PM

I see the current orders are to peddle the "nothing to see here every country is just as fked" narrative on forums.

BonnieSituation · 16-10-2022 02:26PM

https://www.boards.ie/discussion/comment/119751572#Comment_119751572

So Kwarteng's resignation/sacking made no difference. Who'd have thunk it.

Crispin Blunt has come out and called for her resignation straight up, so tomorrow will be fun. Others will grow some cajones tonight in time for an interview with R4 Today in the morning.

16-10-2022 02:34PM

https://www.boards.ie/discussion/comment/119751807#Comment_119751807

There is an amusing column in the Sunday Times going through all the evidence that might suggest that she’s a sleeper agent, and that she’s about to get pulled out for debriefing at a safe-house

Muahahaha · 16-10-2022 03:06PM

I see the Truss lettuce on the Youtube live stream has now been updated to include a wig, pork scratchings and a block of cheese. The lettuce is still very green and has every chance of outlasting Truss

https://www.youtube.com/watch?v=Sm-RE95lKJ0

Timberrrrrrrr · 16-10-2022 03:13PM

https://www.boards.ie/discussion/comment/119751755#Comment_119751755

Name a countries population that didn't

"accept austerity because authority figures told them that it was necessary"

I dont recall riots in Ireland the last time austerity was introduced.

Brussels Sprout · 16-10-2022 03:24PM

https://www.boards.ie/discussion/comment/119751572#Comment_119751572

Absolutely incredible that it has come to this.

If they do defenestrate her then they'd want a good hard look at their leadership election process so that they never repeat this utter shambles again.

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

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