The reason Sunak is quiet is that he is the author of the situation we are in.
It was Sunak who blew GBP400bn on thin air during covid, in a scheme ridden with profiteering and fraud, to almost universal applause on here and in parliament. The worst use of taxpaper money ever.
A very few of us questioned the sanity of this at the time, and asserted that banktupcty, or close to it, was the almost inevitable outcome of what Sunak and Johnson were doing. To almost universal derision.
And now here we f8cking are....
Disagree utterly. Every economy had to provide massive support to prevent the collapse of society under COVID.
Even more a reason not to go off piste which is what Truss and KK have done.
Every f8cking economy is suffering though matey, whatever their policy mix, do you not pay attention to the financial markets?
The Europeans are in a terrible position, maybe worse than us, and the Americans are looking at recession too.
Yep, everyone's F**ked, some are more than others.
Right now we're talking about the UK and this immediate crisis ok?? I don't see any panic in Washington or Brussels today.
The panic will spread very very quickly though. The implosion of the 5th largest economy in the world should it loom will make the GFC look like a one quarter recession.
The idea that things would be better under Sunak is for the birds. IF you borrow more than your economy can sustain, you are in trouble, whatever policy mix you have.
The UK will probably need huge spending cuts whoever is in charge. Under Sunak those cuts would have been gargantuan, because the economy would have been in a depression.
Furlough was an utterly insane and reckless gamble, and I suspect most tory MPs now realise this. No wonder they are so quiet.
Can you explain why we have been facing financial turbulence ever since Truss was assumed to be the successor? Exacerbated at the exact moment of Kwarteng's un-funded budget giveaways?
Comments