If you think about it - either they were going to face it down because that is what senior politicians do but ironically, by sacking Kwasi she has shown that senior politicians can actually be got rid of.
She herself has broken the spell of infallibility of her own government and of herself.
She's out. Or will be.
Spell of infallibility??
Well people have this view of government and the higher echelons being somehow more powerful than they (always tbf) turn out.
I think Liz Truss is insane, but surely she can’t be mad enough to make JRM Chancellor?
Can She?!
JRM for Chancellor!!! I could do with some laughs! "We have decided to reintroduce Pounds, shillings and pence as Nanny says that using LSD always makes life easier to bear."
I feel sorry for Kwarteng. Implemented Truss’ view and sacked as a result
Predictable sort of bollocks that starts when you are forced into sacking someone - the baying mob of revolting peasants aren't satisifed with one head.
One of the things Cummings says about Truss is that she and her team are thinking in a type of 'telegraph reader' bubble, all their policies are aimed at the centre right newspapers. This would explain how the 'mini-budget' came to be.
Heath at S Telegraph nearly wet himself with delirious joy at the mini clusterfuck.
They aren't gonna be happy that the 'blob' and the BBC and, erm... the bond markets, have forced her back.
"She is as guilty as KK and I don't think it is good enough that she throws him under the bus and can then expect to proceed as if the problem is sorted.
"She has to go. There is nothing she can do to retrieve her position."
I watched the 'rise' of Liz Truss and her poundshop IEA neoliberalism in the 2010's. For centrists like me, the one consolation of Brexit and the rise of Trump was that I thought it consigned this type of political thinking to history. This 7 week long experiment has been like some strange last gasp on the part of the IEA poundshop neoliberals. Now they are completely destroyed, ruined, humiliated.
You do know that the IEA poundshop neoliberals supported Brexit, right? In 2013 the IEA even launched a competition to find the best Brexit plan (prize EUR100k), judged by the uber poundshop neoliberal and Brexit supporter Nigel Lawson. Brexit was dreamt up to cement the neoliberal settlement in Britain, not bury it.
"She is as guilty as KK and I don't think it is good enough that she throws him under the bus and can then expect to proceed as if the problem is sorted.
"She has to go. There is nothing she can do to retrieve her position."
Iain Martin @iainmartin1 · 42m 2022 will be known, says a friend in the City, as the year of the four chancellors. Will it also be the year of the three prime ministers?
"She is as guilty as KK and I don't think it is good enough that she throws him under the bus and can then expect to proceed as if the problem is sorted.
"She has to go. There is nothing she can do to retrieve her position."
Has Kwarteng actually been sacked or will he send in a resignation letter* ? Can't remember the last time anyone got sacked from cabinet. Unless I'm misremembering. An actual sacking would be doubly brutal.
Has Kwarteng actually been sacked or will he send in a resignation letter* ? Can't remember the last time anyone got sacked from cabinet. Unless I'm misremembering. An actual sacking would be doubly brutal.
I watched the 'rise' of Liz Truss and her poundshop IEA neoliberalism in the 2010's. For centrists like me, the one consolation of Brexit and the rise of Trump was that I thought it consigned this type of political thinking to history. This 7 week long experiment has been like some strange last gasp on the part of the IEA poundshop neoliberals. Now they are completely destroyed, ruined, humiliated.
You do know that the IEA poundshop neoliberals supported Brexit, right? In 2013 the IEA even launched a competition to find the best Brexit plan (prize EUR100k), judged by the uber poundshop neoliberal and Brexit supporter Nigel Lawson. Brexit was dreamt up to cement the neoliberal settlement in Britain, not bury it.
That is true as well. The latter part of the plan didn't work out very well though. Liz Truss was perhaps the rage against the dying of the light.
Iain Martin @iainmartin1 · 42m 2022 will be known, says a friend in the City, as the year of the four chancellors. Will it also be the year of the three prime ministers?
Logically I can’t see how she stays. What the heck is the line?
Has Kwarteng actually been sacked or will he send in a resignation letter* ? Can't remember the last time anyone got sacked from cabinet. Unless I'm misremembering. An actual sacking would be doubly brutal.
Iain Martin @iainmartin1 · 42m 2022 will be known, says a friend in the City, as the year of the four chancellors. Will it also be the year of the three prime ministers?
Logically I can’t see how she stays. What the heck is the line?
I was deceived by evil Kwasi?
I was ambushed by a tax cut?
It was all a dream?
She might try "poor communications" and "failure to work properly with BoE"
Iain Martin @iainmartin1 · 42m 2022 will be known, says a friend in the City, as the year of the four chancellors. Will it also be the year of the three prime ministers?
Logically I can’t see how she stays. What the heck is the line?
I was deceived by evil Kwasi?
I was ambushed by a tax cut?
It was all a dream?
Stays for what though?
Plenty of chance she makes it to 2023, even if the diagnosis is terminal.
Other, less precise, estimates have suggested Russia has fewer missiles left. With noting that the anti-ship (Oniks) and surface-to-air (S-300) missiles that Russia has used against civilian targets aren't included. I think Russia has a vast quantity of S-300 missiles.
"I’m pretty sure such a quick succession of ministers is symptomatic of a country that can’t run itself"
He's not wrong.
Great perspicacity from an 8 yr old too.
It reminded him of his history of the 1920s. His point was this goes beyond Truss. A succession of weak leaders, failing.
You need strength behind a strong leader. Maggie had Airey Neave - he hated Heath and fixed it for Maggie to win. Then she had Tebbit. When he left Government, things got dicey. I don't know who that fixer and key support is for Truss. If it was Kwasi, well...
Has Kwarteng actually been sacked or will he send in a resignation letter* ? Can't remember the last time anyone got sacked from cabinet. Unless I'm misremembering. An actual sacking would be doubly brutal.
* Yes I know it's keeping up appearances.
Ministers always resign. I think it’s some sort of convention, because strictly speaking they serve the Monarch rather than the PM.
Iain Martin @iainmartin1 · 42m 2022 will be known, says a friend in the City, as the year of the four chancellors. Will it also be the year of the three prime ministers?
Logically I can’t see how she stays. What the heck is the line?
I was deceived by evil Kwasi?
I was ambushed by a tax cut?
It was all a dream?
KK became a distraction from Putin's coalition against growth and the package. Something like that.
Has Kwarteng actually been sacked or will he send in a resignation letter* ? Can't remember the last time anyone got sacked from cabinet. Unless I'm misremembering. An actual sacking would be doubly brutal.
I watched the 'rise' of Liz Truss and her poundshop IEA neoliberalism in the 2010's. For centrists like me, the one consolation of Brexit and the rise of Trump was that I thought it consigned this type of political thinking to history. This 7 week long experiment has been like some strange last gasp on the part of the IEA poundshop neoliberals. Now they are completely destroyed, ruined, humiliated.
You do know that the IEA poundshop neoliberals supported Brexit, right? In 2013 the IEA even launched a competition to find the best Brexit plan (prize EUR100k), judged by the uber poundshop neoliberal and Brexit supporter Nigel Lawson. Brexit was dreamt up to cement the neoliberal settlement in Britain, not bury it.
The problem for the IEA is they are wealthy, upper middle class fiscally conservative, socially liberal libertarians mainly West London based. They wanted to create Singapore on Thames.
However the average Leave voter was a working class or lower middle class, economic centrist but social conservative who wanted more money for the NHS and to cut immigration, not to slash the size of the state. Boris won them in the redwall, Truss and her IEA agenda has sent them back to Labour under Starmer on a plate
Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor Simon Clark for Chancellor please
"I’m pretty sure such a quick succession of ministers is symptomatic of a country that can’t run itself"
He's not wrong.
Great perspicacity from an 8 yr old too.
It reminded him of his history of the 1920s. His point was this goes beyond Truss. A succession of weak leaders, failing.
You need strength behind a strong leader. Maggie had Airey Neave - he hated Heath and fixed it for Maggie to win. Then she had Tebbit. When he left Government, things got dicey. I don't know who that fixer and key support is for Truss. If it was Kwasi, well...
Good point. She is vulnerable. Boris and even May both had backup. She has noone.
My betfair has refreshed, Jeremy Hunt steams into the lead.
Just put a pint on Javid.
I think the Bf market is so thin and all over the place that is is an unreliable guide. Leadsom was vying for favourite at one point. Hunt was absent from the betting until a short while ago and then appeared at odd-on (now evens).
I have a fiver on Javid at 11. I'm tempted to lay Hunt.
A group of senior Tories have been holding discussions + have decided the following: the sacking of @KwasiKwarteng will prompt them to come out publicly next week + call on @trussliz to resign. My source: “These are serious people. The PM will find it difficult to survive.”
A group of senior Tories have been holding discussions + have decided the following: the sacking of @KwasiKwarteng will prompt them to come out publicly next week + call on @trussliz to resign. My source: “These are serious people. The PM will find it difficult to survive.”
I watched the 'rise' of Liz Truss and her poundshop IEA neoliberalism in the 2010's. For centrists like me, the one consolation of Brexit and the rise of Trump was that I thought it consigned this type of political thinking to history. This 7 week long experiment has been like some strange last gasp on the part of the IEA poundshop neoliberals. Now they are completely destroyed, ruined, humiliated.
You do know that the IEA poundshop neoliberals supported Brexit, right? In 2013 the IEA even launched a competition to find the best Brexit plan (prize EUR100k), judged by the uber poundshop neoliberal and Brexit supporter Nigel Lawson. Brexit was dreamt up to cement the neoliberal settlement in Britain, not bury it.
The problem for the IEA is they are wealthy, upper middle class fiscally conservative, socially liberal libertarians mainly West London based. They wanted to create Singapore on Thames.
However the average Leave voter was a working class or lower middle class, economic centrist but social conservative who wanted more money for the NHS and to cut immigration, not to slash the size of the state. Boris won them in the redwall, Truss and her IEA agenda has sent them back to Labour under Starmer on a plate
This has always been the problem with Brexit - the fundamental disjoint between the vision of those who funded and promoted it and those who voted for it. It is this disjoint, not the machinations of Remoaners, that means that Brexit will never work.
Other, less precise, estimates have suggested Russia has fewer missiles left. With noting that the anti-ship (Oniks) and surface-to-air (S-300) missiles that Russia has used against civilian targets aren't included. I think Russia has a vast quantity of S-300 missiles.
Interesting, I’ve not seen anything like that before either.
So the enemy is using up missiles nearly as fast as they’re using up tanks, and the vast majority of them aren’t hitting their intended targets - either taken out by air defences, or not being accurate enough to go where they’re told.
A group of senior Tories have been holding discussions + have decided the following: the sacking of @KwasiKwarteng will prompt them to come out publicly next week + call on @trussliz to resign. My source: “These are serious people. The PM will find it difficult to survive.”
A group of senior Tories have been holding discussions + have decided the following: the sacking of @KwasiKwarteng will prompt them to come out publicly next week + call on @trussliz to resign. My source: “These are serious people. The PM will find it difficult to survive.”
Nicholas Watt @nicholaswatt · 6m A group of senior Tories have been holding discussions + have decided the following: the sacking of @KwasiKwarteng will prompt them to come out publicly next week + call on @trussliz to resign. My source: “These are serious people. The PM will find it difficult to survive.”
Think there’ll be some awkward chat between the once friends and neighbours but now political enemies Liz Truss and Kwasi Kwarteng over the wild garlic at this Sunday’s Blackheath Farmers’ Market https://twitter.com/MhariAurora/status/1580888648668434432
I watched the 'rise' of Liz Truss and her poundshop IEA neoliberalism in the 2010's. For centrists like me, the one consolation of Brexit and the rise of Trump was that I thought it consigned this type of political thinking to history. This 7 week long experiment has been like some strange last gasp on the part of the IEA poundshop neoliberals. Now they are completely destroyed, ruined, humiliated.
You do know that the IEA poundshop neoliberals supported Brexit, right? In 2013 the IEA even launched a competition to find the best Brexit plan (prize EUR100k), judged by the uber poundshop neoliberal and Brexit supporter Nigel Lawson. Brexit was dreamt up to cement the neoliberal settlement in Britain, not bury it.
The problem for the IEA is they are wealthy, upper middle class fiscally conservative, socially liberal libertarians mainly West London based. They wanted to create Singapore on Thames.
However the average Leave voter was a working class or lower middle class, economic centrist but social conservative who wanted more money for the NHS and to cut immigration, not to slash the size of the state. Boris won them in the redwall, Truss and her IEA agenda has sent them back to Labour under Starmer on a plate
Right-wing populist movements always seem to end up captured by libertarian, protect-the-rich interests.
A group of senior Tories have been holding discussions + have decided the following: the sacking of @KwasiKwarteng will prompt them to come out publicly next week + call on @trussliz to resign. My source: “These are serious people. The PM will find it difficult to survive.”
Other, less precise, estimates have suggested Russia has fewer missiles left. With noting that the anti-ship (Oniks) and surface-to-air (S-300) missiles that Russia has used against civilian targets aren't included. I think Russia has a vast quantity of S-300 missiles.
Interesting, I’ve not seen anything like that before either.
So the enemy is using up missiles nearly as fast as they’re using up tanks, and the vast majority of them aren’t hitting their intended targets - either taken out by air defences, or not being accurate enough to go where they’re told.
Not just on usage, but on stocks.
Where do the figures come from? Russians are busy complaining about equipment that has been bought and paid for but doesn't exist.
Iain Martin @iainmartin1 · 42m 2022 will be known, says a friend in the City, as the year of 'at least' four chancellors. Will it also be the year of the three prime ministers?
Iain Martin @iainmartin1 · 42m 2022 will be known, says a friend in the City, as the year of the four chancellors. Will it also be the year of the three prime ministers?
Two monarchs as well. We’ve got the makings of a Christmas carol
Nicholas Watt @nicholaswatt · 6m A group of senior Tories have been holding discussions + have decided the following: the sacking of @KwasiKwarteng will prompt them to come out publicly next week + call on @trussliz to resign. My source: “These are serious people. The PM will find it difficult to survive.”
Not credible. There are no serious people left in the Tory party. I cite the Tory party.
Iain Martin @iainmartin1 · 42m 2022 will be known, says a friend in the City, as the year of the four chancellors. Will it also be the year of the three prime ministers?
Logically I can’t see how she stays. What the heck is the line?
I was deceived by evil Kwasi?
I was ambushed by a tax cut?
It was all a dream?
The line, I'd have thought, is that I remain a tax-cutter but accept the need to do so more gradually in a manner that retains the confidence of the markets. The mini-budget damaged confidence, and we need a reset whilst continuing to work towards the tax cutting agenda. The Chancellor has concluded that the reset requires him to step aside, and I've reluctantly accepted that. X, who shares my aim to reduce taxes and unleash growth, but who of course supported by opponent in the recent leadership election, has agreed to take on the job and we look forward to working together against the Anti Growth Coalition etc etc.
Yes, it's a humiliation and she's accepting someone moving in next door specifically to take over economic policy, in order to save her own job.
But she's not the only PM who, in a weak position, has been forced to change policies and personnel to mollify the party.
A group of senior Tories have been holding discussions + have decided the following: the sacking of @KwasiKwarteng will prompt them to come out publicly next week + call on @trussliz to resign. My source: “These are serious people. The PM will find it difficult to survive.”
These are “senior Tories” upset that the chancellor got fired? Presumably the same ones who have spent the last fortnight suggesting he should be fired?
Think there’ll be some awkward chat between the once friends and neighbours but now political enemies Liz Truss and Kwasi Kwarteng over the wild garlic at this Sunday’s Blackheath Farmers’ Market https://twitter.com/MhariAurora/status/1580888648668434432
Given that the OBR are going to have to give a fresh assessment of any 'new' (U-turned) fiscal plans, the next Budget/statement will have to be delayed beyond Halloween? Won't it?
Iain Martin @iainmartin1 · 42m 2022 will be known, says a friend in the City, as the year of 'at least' four chancellors. Will it also be the year of the three prime ministers?
Corrected it for you...
There were three Prime Ministers in 1834 - Grey, Melbourne and Peel - not including the Wellington caretaker ministry.
Comments
(((Dan Hodges))) @DPJHodges
I wonder who will win the newly commissioned but highly prestigious Spectator Chancellor of the Year award.
https://twitter.com/montie/status/1580878495651020800
Has Krazi the Clown been defenestrated, such that Little Miss Dotty is now driving the clown car on her own?
Market spread is 400%/67% so unless YOU KNOW it's only worth offering odds and not taking anything..
"I’m pretty sure such a quick succession of ministers is symptomatic of a country that can’t run itself"
He's not wrong.
They aren't gonna be happy that the 'blob' and the BBC and, erm... the bond markets, have forced her back.
Great Hunt tip of yours btw. He's included and the odds-on fav now.
(yes I opened up my betfair brower to check that BUT didn't do anything)
One senior Tory...
"She is as guilty as KK and I don't think it is good enough that she throws him under the bus and can then expect to proceed as if the problem is sorted.
"She has to go. There is nothing she can do to retrieve her position."
https://twitter.com/robpowellnews/status/1580885479758606337
Iain Martin
@iainmartin1
·
42m
2022 will be known, says a friend in the City, as the year of the four chancellors. Will it also be the year of the three prime ministers?
Can't remember the last time anyone got sacked from cabinet. Unless I'm misremembering.
An actual sacking would be doubly brutal.
* Yes I know it's keeping up appearances.
Liz Truss was perhaps the rage against the dying of the light.
I was deceived by evil Kwasi?
I was ambushed by a tax cut?
It was all a dream?
Plenty of chance she makes it to 2023, even if the diagnosis is terminal.
https://mobile.twitter.com/NOELreports/status/1580878610617241600
Other, less precise, estimates have suggested Russia has fewer missiles left. With noting that the anti-ship (Oniks) and surface-to-air (S-300) missiles that Russia has used against civilian targets aren't included. I think Russia has a vast quantity of S-300 missiles.
We could on another leadership election by end of month.
https://twitter.com/daraobriain/status/1580884303486935041
https://www.msn.com/en-gb/news/world/just-stop-oil-activists-throw-soup-over-van-gogh-s-sunflowers-painting-in-national-gallery/ar-AA12XdA3?ocid=entnewsntp&cvid=d1f9d895ef5f450b8497095b8729c3f8
Utter morons.
However the average Leave voter was a working class or lower middle class, economic centrist but social conservative who wanted more money for the NHS and to cut immigration, not to slash the size of the state. Boris won them in the redwall, Truss and her IEA agenda has sent them back to Labour under Starmer on a plate
I hope it wipes off.
Simon Clark for Chancellor
Simon Clark for Chancellor
Simon Clark for Chancellor
Simon Clark for Chancellor
Simon Clark for Chancellor
Simon Clark for Chancellor
Simon Clark for Chancellor
Simon Clark for Chancellor
Simon Clark for Chancellor
Simon Clark for Chancellor
Simon Clark for Chancellor
please
I have a fiver on Javid at 11. I'm tempted to lay Hunt.
https://twitter.com/nicholaswatt/status/1580887374292455424
So the enemy is using up missiles nearly as fast as they’re using up tanks, and the vast majority of them aren’t hitting their intended targets - either taken out by air defences, or not being accurate enough to go where they’re told.
He should have drawn a red line on a covid test kit.
@nicholaswatt
·
6m
A group of senior Tories have been holding discussions + have decided the following: the sacking of
@KwasiKwarteng
will prompt them to come out publicly next week + call on
@trussliz
to resign. My source: “These are serious people. The PM will find it difficult to survive.”
https://twitter.com/MhariAurora/status/1580888648668434432
Where do the figures come from? Russians are busy complaining about equipment that has been bought and paid for but doesn't exist.
Yes, it's a humiliation and she's accepting someone moving in next door specifically to take over economic policy, in order to save her own job.
But she's not the only PM who, in a weak position, has been forced to change policies and personnel to mollify the party.
Paul Waugh @paulwaugh
Given that the OBR are going to have to give a fresh assessment of any 'new' (U-turned) fiscal plans, the next Budget/statement will have to be delayed beyond Halloween? Won't it?
Patrick O'Flynn
@oflynnsocial
·
58m
The logic that is leading to Truss sacking Kwarteng will also lead to the Tory party sacking Truss.
Senior Tory MP: "Things are just too bad now. She has to go."
Another adds: "She can't do all these U-turns, sack her chancellor and expect to survive."
https://www.huffingtonpost.co.uk/entry/kwasi-kwarteng-sacked-liz-truss-prepares-mini-budget-u-turn_uk_63492a6de4b051268c48673e