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This is what happens when you crash the economy and increase mortgage costs – politicalbetting.com
This is what happens when you crash the economy and increase mortgage costs – politicalbetting.com
How much sympathy, if any, do you have for Liz Truss?A great deal: 4%Some: 13%Not very much: 23%None at all: 53%https://t.co/Tci6CTdTMd pic.twitter.com/7DStnrLftc
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Now she has been erased into a "non-person" with an alacrity that would make Stalin blush.
The data has spoken
Ha! Beaten to it by Dixie.
So, the feeling is mutual.
https://twitter.com/JasonGroves1/status/1584994529538871297
Or even a cock and bull story!
How many more "cocks" to go, I can't remember?
Our leaders have now seen what happens to their ratings when you threaten house prices. Great for those who own - for those who don't however...
Who are his kitchen cabinet?
Why did he humiliate Penny?
I fear that Rishi - despite looking to reach out to all wings - looks slightly isolated unto himself.
He’s obviously got Williamson in for factional management, but beyond that?
https://twitter.com/PaulBrandITV/status/1584997961523953664
https://twitter.com/jayneozanne/status/1584996959898595328
In an excellent conversation with
@RishiSunak
we agreed to write a new chapter in 🇺🇦-🇬🇧 relations but the story is the same - full support in the face of Russian aggression. I appreciate PM’s first call to Ukraine. And always grateful for the support of the 🇬🇧 people.
https://twitter.com/ZelenskyyUa/status/1584999451948888064
I am still researching what actually happened and piecing it together for lessons learned. And I’m coming to the opposite take to what the generally accepted wisdom is here.
The hugely expensive Energy Freeze bucking the market for two years, that is now history, was actually the cuckoo in Liz Truss IEA designed nest of policies - Trussnomics is actually closer and more on the ball with the change markets have moved to now two decades of economic orthodoxy is coming to an end, and where markets are now certain to move UK government, than Sunak, Hunt and Starmer all are.
I think it is almost certain to happen that your header TSE will date, history books will tell it completely the other way around. if people feel Truss crashed the economy (she certainly did not crash the whole thing) this view will change when those who told her she was wrong, properly crash the economy themselves.
To what degree Truss is vindicated as ahead of the game depends to what degree Sunak and Starmer (I still think change of government nailed on as voters have already made their minds up) adopt Trussnomics. If they don’t at all then a proper crash of the economy, Greek Style, is definitely going to happen in the UK at some point, the markets have decided on that.
But more likely we will get two short lived austerity governments now. Especially painful for Labour out of office for so long, face five years basically implementing austerity 2.0 and then thrown out for being hated for that.
https://www.dailymail.co.uk/news/article-11352773/Spitting-Image-CANCELLED-just-two-seasons.html
It was absolute shit.
[25] Quid est, obsecro te, Lucili, cur timeat laborem vir, mortem homo ? Totiens mihi occurrunt isti, qui non putant fieri posse quicquid facere non possunt, et aiunt nos loqui maiora quam quae humana natura sustineat. [26] At quanto ego de illis melius existimo ! Ipsi quoque haec possunt facere, sed nolunt. Denique quem umquam ista destituere temptantem ? Cui non faciliora apparuere in actu ? Non quia difficilia sunt, non audemus, sed quia non audemus, difficilia sunt.
However if her mien on leaving today - water off a ducks and no shits given - is a true reflection of the inner person, I take it all back.
They put something hot in a freezer and didn’t realise it would warm the freezer 🤦♀️
I have also finished The Cook of Castamar. Absolutely brilliant. Infinitely better than the Empress.
The tide is going out on Stonewall dogma and trans activist bullies and fanatics.
They're losing.
https://www.theatlantic.com/newsletters/archive/2022/10/uk-economy-disaster-degrowth-brexit/671847/
Series 1 was great TV.
What a stupid survey.
In what world is the question even unbiased: How much sympathy, if any, do you have for Liz Truss?
The question is designed to elicit the answers it got.
As it happens, I feel sorry for Liz Truss.
She was out of her depth and probably neuro-divergent.
Politics was a poor career choice for her (though to be sure that goes for most of the House of Commons).
Truss will be forever seen as the worst PM ever. Sad for her but she's only got herself to blame..
He seems to have multiple Willys.
Or when Kinnocks shadow cabinet woke up with hangovers from celebrating in 92 and realised they didnt win
Kevin gone. Right decision imo. Always mid division and no chance of winning so best to end it now.
Who, really, are his praetorian guard?
On both Number 10 twitter and Gov.uk Ministerial Appointments list there is no extra sentence saying she will attend Cabinet so looks like she is a full member.
https://www.gov.uk/government/news/ministerial-appointments-25-october-2022
But in answer to the first question, it's fairly obviously Hunt, who is currently unsackable and in control of all spending. Also Wallace is effectively independent within reason.
There are no people who serve only at his pleasure as there was in Johnson's cabinet, including Sunak himself.
So presumably she just couldn't be bothered.
Meanwhile, we just have to hope that this new guy surprises on the upside. Leon hasn’t predicted it, so we’re still in with a chance….
So called "Trussnomics" (your term, not mine) or if you prefer good old fashioned supply side economics failed partially because of the way it was done but it also failed because it's not what people want and it's not how people think any more.
It's not 1980 - waving tax cuts like a magic wand might have worked then but the world now is predicated on a notion (some may call it strange or "woke") of fairness. The ideology of trickle-down (if you make the rich much richer you'll make the poor a little richer) no longer resonates on any level. Perhaps it's a result of the 1980s experience or the pandemic or a myriad of other factors but it's a product which can no longer be sold.
If anything and there's extensive polling supporting this, the mood is, yes, cut income tax for the poorest but tax the actual wealth of the richest. Some on here may find that repellent or impractical or both but that's where the majority is - if you like, the Robin Hood Tree (as the Magic Money Tree has been cut down ad its stump pulled out and burnt).
In short, you make everyone richer by making the rich poorer - that's quite appealing as a notion for all its issues.
The question is how will this Government and its Labour successor seek to re-balance the public finances and the inevitability is a mix of higher taxes and spending cuts. In 2010, for every £5 cut from spending, £1 was raised from higher taxes - it will be interesting to see if Sunak, once the protege of Osborne, seeks to follow a similar direction but the notion of a bloated public sector just doesn't fit the facts.
I thought Braverman resigned, which is different.
I agree Truss' premiership was so confused it is hard to make out exactly what did happen at some points.
Parliament is sovereign, government isn't.
Besides, the best WIlly is someone a bit older than you, on the gentle beginning of the downwave of their career, experienced but not a rival. The Hague to your Cameron. And anyone like that (May?!) has been cast into the depths of the eternal fire.
Gove, perhaps...
Trussonomics was soundbites plus magical thinking. Don't think it really merits much analysis tbh.
Certainly Braverman played it as a choice - 'I am choosing to tender my resignation' is how she put it, rather than 'You asked me to resign'.
It's nice she thinks taking responsibility need take less than a week though.
Also, i'm not sure what "attends cabinet" technically means. I said earlier that i don't think it means everyone turns up every time (therefore requiring an enormous table). I think it's only when required, so at any one time only one or two might be in the room.
https://twitter.com/ali__samson/status/1585004263188869120?s=46&t=evavD_65IV3DPr5e7UlrQA
Making the rich much richer hasn't made the poor better off.
Like you I don't really know what that means. Perhaps because the number of other ministers was such they were not allowed to list the AG as a full member, but now they can as there is space. But there must be a reason they did not list it as a full member.
See the last one
The Rt Hon Michael Ellis QC MP @Michael_Ellis1
has been appointed Attorney General @AttorneyGeneral
.
He will attend Cabinet.
https://twitter.com/10DowningStreet/status/1567266662801448961?cxt=HHwWgoC9ibyuhsArAAAA
See also I don't think they announced his sacking/resignation along with the full Cabinet who were out, like JRM, they just replaced.
It's strange how the prog weaves its spell. I'm not a 'reality tv' person at all, but this one I never miss.
https://www.theatlantic.com/newsletters/archive/2022/10/uk-economy-disaster-degrowth-brexit/671847/
They didn't countenance at all the possibility.
See also the next day's headlines and comments from the right wing commentators.
It was a spectacular triumph to be repeated as soon as possible by all governments envious they hadn't thought of it first.
The point about today is the strength of Sunak's position which is analogous to him having won a General Election. There is no way on God's green earth the Conservative Parliamentary party is going to put us through a third leadership election before a General Election so Sunak is absolutely safe until the verdict of the electorate.
That means he has been able to keep his friends close and his enemies closer effectively muzzling them by collective responsibility. The likes of Braverman, Badenoch and any other aspiring leader are inside and if it is seen that their behaviour is a factor in a heavy defeat at the election, the membership won't take kindly.
Some on here seem to Sunak can turn this round as John Major did after becoming Prime Minister. It's not impossible and indeed there are parallels - economic headwinds and a war but that's probably where it stops. The way the Conservatives have comported themselves since early July won't soon be forgotten even if Sunak does restore some confidence and poll ratings.
The other point is this may well not be the final team which goes into the next election - a further reshuffle after the local elections next May (especially if they are disappointing) may yet see some newer blood from the backbenches given a chance.
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1h
If you voted for Boris Johnson & the Conservatives in 2019 you should feel happy today. You have a pro-Brexit PM who is prioritising the 2019 manifesto, a serious mind on Levelling Up, a no nonsense Home Sec on migration and a Cabinet with lots of Leavers
So how about this, we are in a new place now, just like when Sunny Jim gave his “I can tell you in all candour” the levers we usually pull are now not working speech - call Truss growth policy right wing Keynesianism, call it what you like, the alternative is you are unbothered by the need for growth aren’t you? You feel we can borrow or raise taxes instead? Well, I can tell you in all candour… 😁
Truss tax cuts could have been funded by cuts,
prediction one: Just like Sunak’s and Starmer’s tax cuts will be funded by cuts.
Prediction two: 7 years of shrinking the state to pay for a push for growth lie ahead for UK now - Sunak and Starmer don’t have a say in that, nor the voters of this country, the markets have decided for us that we are now in a new orthodoxy, wherein we have to repay the bill for years of cheap credit.
Any questions?