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Worrying poll findings for Truss from YouGov and R&K – politicalbetting.com
Worrying poll findings for Truss from YouGov and R&K – politicalbetting.com
LAB lead up to 13% with @RedfieldWilton Labour 44% (+2)Conservative 31% (-1)Liberal Democrat 11% (-1)Green 6% (+1)SNP 4% (–)Reform UK 2% (-1)Other 1% (–)
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Ed Conway
@EdConwaySky
·
2m
UK govt bond yields just spiked even higher.
10 year now up to 4.24%
This is NOT the reaction HMT & BoE would have wanted to their statements.
Still early doors. Let’s see what happens next...
Chart shows you the 10yr’s movements so far today
She could sack Kwarsi tomorrow and try and blame him for it all. But may not work as the basics of this were the fantasies that won her the membership vote from economically illiterate saloon-bar dwelling tory membership.
‘Almost like Liz Truss likes being humiliated, can’t get more humiliating for a PM than the country having a currency and borrowing crisis on their watch.’
The reality is if Truss removed Kwarsi she would be going as soon as the 1922 committee could organise a vote...
@Samfr
·
1h
For the first time in this electoral cycle the betting markets see a Labour majority as more likely than a Tory one.
https://twitter.com/Samfr/status/1574415754111467521
wooliedyed said:
Putin gives Snowden Russian citizenship
So is he off to Ukraine tomorrow with a rusty AK47? Good luck!
Robert Peston
@Peston
The Bank of England signals we are in a crisis after the emergency budget and says it won’t hesitate to put up interest rates - and the pound falls again. Which shows the Bank and Chancellor both have serious credibility problems. Worrying
This could be very consequential.
https://twitter.com/faisalislam/status/1574432866985025536
The person who gave Britain too much debt is Rishi Sunak via his furlough scheme.
Labour majority.
At this moment, which of the following individuals do British voters think would be the better PM for the United Kingdom? (25 September)
Keir Starmer 38% (+3)
Liz Truss 34% (-6)
Don't Know 28% (+3)
Changes +/- 21 September
That is a disaster for Truss. Starmer is soaring.
Truss doesn’t have the personality or credibility to carry through this sort of agenda. The majority of us on here could see that Truss would be a disaster. She is a disaster
Just get rid of Liz and Kwasi now. Before the whole country is ruined permanently
💙
https://twitter.com/rowenamason/status/1574433337049055233
Have you had a look at the cost of the German pandemic bailout recently, Mr Misty ?
Either Sunak or Truss would be looking at huge spending cuts at some juncture. There is no alternative.
Wealthier people: 63%
Poorer people: 3%
Both equally: 9%
Labour's lines have worked superbly.
This will not be the last increase but it may buy a few hours to work out what the hell they are going to do next.
If the tax cuts were funded with spending cuts and tax rises elsewhere there'd be nothing like this kind of market reaction. The fact that we have an 8% current budget deficit and a chancellor who is going to push that up with no plan to bring it into balance is the killer for us. The UK relies on the kindness of strangers, as Carney put it, now those strangers are wondering whether the UK is still a good bet.
The kind of honeymoon normally seen on Married At First Sight.
With taxes already the highest in 70 years, his only option was spending cuts.
About bloody time if so. But I'm not as hopeful as you are.
British father, 30, SPLITS from Ukrainian refugee accusing her of 'irrational behaviour, not handling her drink and stabbing a wall' - just four months after he dumped his partner of 10 years and mother of his two children to be with her
https://www.dailymail.co.uk/news/article-11250951/British-father-30-SPLITS-Ukrainian-refugee-affair-with.html
What a great job they've done of that.
Sunak would have been forced into massive spending cuts sooner, rather than later, given he could not increase taxes more. Debt would still be ballooning except the economy would be pitching into recession.
The ship is rudderless and the captain and first mate have set a course that takes it awfully close to an iceberg.
Bailey is an arse, I told him IPT to hike 1% today. Oooh, he is closely monitoring the situation, I feel safer already, as if anyone expected him to be off on his annual leave. Every adult in the country is closely monitoring the situation.
https://www.theguardian.com/us-news/2022/sep/26/putin-grants-russian-citizenship-to-us-whistleblower-edward-snowden
IR35 costs money but can easily be argued as an improvement that will enhance the economies ability to react to things quickly.
The NI reversal isn't an easy argument but it gives people more money at the time money is required - it also gives companies more money which may be useful to cover extra costs or given workers another pay rise / one off payment if required.
The Corporation Tax one has the argument low corporation tax is good which by itself is fine. History shows that it removes the incentive for firms to invest so personally a high rate and allowances would have made more sense.
But the 45% cut with the excuse of trickle down economics didn't make sense and didn't have any rational argument behind it.
All combined you can see why the markets decided over the weekend the plan was as naked as the emperor when he wore his new clothes.
Your argument is that we should have built a better car, but they are crashing the existing one.
But the Bank has not helped. Importing inflation by a falling currency is really not the ideal when the government is boosting demand and consumption on an economy running with full employment, low investment and an insane trading deficit.
If you know this meme then shame on you 😂
What a choice.
The SR2021 was announced last October with a maximum of 4% inflation expected. It lasts until 2024/25.
It seems that there will be no increases to department spending to reflect higher inflation of 10%.
This probably means a real terms cut for the NHS etc.
Whilst the government can claim it is not cutting spending, high inflation will cause a real term cut.
But yes.
No (fixed rate) mortgage offers to be available from UK providers within 48 hours.
@DPJHodges
·
57m
If Tory MPs think bankers bonuses and the 45p rate cut are politically toxic, what are they going to think when they’re seen in the context of November’s statement announcing significant public spending cuts.
A freely floating exchange rate should be left to reach whatever new equilibrium it reaches. Propping it up is just throwing good money after bad.
The UK has overspent for decades. A reckoning is inevitable.
Maybe they thought it would give them enough of a boost to call a snap election.
John Rentoul
@JohnRentoul
·
11m
Replying to
@RedfieldWilton
First poll after the emergency Budget; if that were a general election it would mean a Labour majority of 70 on new boundaries
https://twitter.com/JohnRentoul?ref_src=twsrc^google|twcamp^serp|twgr^author
MPs are elected by the public to make these decisions, not Tory party members.
It's interesting that in the dying days of the last Labour government the Labour Party retreated to their old socialist ways (and carried it on in opposition, resulting ultimately in their 2019 pasting) and now we see the same in the dying days of this Tory government.
I guess it's like a comfort blanket for a party to retreat to their core as the proverbial death knell tolls on their administration.