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An inauspicious start to 2024 for Sunak – politicalbetting.com

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    viewcodeviewcode Posts: 19,042

    HYUFD said:

    HYUFD said:

    HYUFD said:

    HYUFD said:

    Nigelb said:

    Chris said:

    Chris said:

    Chris Skidmore wrote a book about the death of Amy Robsart.

    Does anyone know whether his departure from the HoC will leave no Tory MP in the chamber with a brain?

    Oh, sorry - just read that he supported Truss for the leadership. His brain must have dropped out 2010x2022.
    OK, an eccentric with principles.
    The Tories should have stuck with Truss, her team and her agenda. It only became an issue becuase Sunak loving MPs rebelled against her Instantly.

    Starmer is saying growth growth growth and build on green belts in exactly the same way, yet it’s popular when he says it?
    They could have done but would be heading for less than 50 seats and maybe not even official opposition let alone holding power on her last polls as leader.

    Starmer may want more development like Truss but is not proposing to slash the additional income tax rate, scrap corporation tax rises and end the cap on bankers' bonuses as she and Kwarteng were pushing. If he was I doubt he would last long as Labour leader
    No. That’s political gibberish. Because you can’t read all that into just 50 days. Given 200 days her agenda may have become successful and popular. We suspect as much because of everything she gets blame for that we know now for fact was not her fault.

    1. High mortgage rates nothing to do with Truss, they were caused by high inflation that was itself caused by UK exposure to gas import prices.

    2. Run on pound nothing to do with Truss, that was strength of dollar that month.

    3. Bailing out pensions market nothing to do with Truss, that was all Sunak’s fault as chancellor presiding over the problem building up.

    4. Sudden Tory poll collapse was not Truss fault, it was caused by a rebellion of Tory’s who immediately undermined her to install Sunak.

    The Truss agenda of growth engineering tax cuts, cutting red tape, building more housing would currently have the Tories far better off than they are currently under Sunak.
    Slashing taxes but not cutting spending and crashing the markets and sterling and leading to surging interest and mortgage rates was very much the fault of Truss and Kwarteng however
    Which taxes did she slash? The growth budget only gave away £13B net after fiscal drag. The tax she cut at the top was a) the second half of same tax George Osborne previously cut half of b) didn’t exist till 2010 when Labour introduced it in their last budget - in other words they never had it in place during their 13 years, only sneaked it on as challenge to Tories to cut it. Osborne did first. You should support Truss removing the second half if you are a true Tory.
    If she was going to cut it she needed to cut spending too, she didn't and the markets crashed as a result
    Which markets crashed? See? You are Struggling to name them in your attempt to rewrite British political history.

    It was a Net £13B giveaway budget. It stood on the side of enterprise and aspiration. It removed what was left of Labours last minute anti enterprise tax they never even used in their own 13 years, and which Osborne never had the chance to finish off himself, though he already cut half of it.

    The only reason the budget was unacceptable with so many Tory’s was it wasn’t PM Rishi Sunak behind it - and it’s all that blue on blue in this parliament, and myth of Tory budget crashing economy that has left Tory polling in a mess.

    As you keep repeating this myth, you have PB Labour giving you likes. They are mugging you off.
    Sterling collapsed to its lowest level in modern times after the Kwarteng budget and the UK's borrowing costs to their highest levels since 2008 for starters
    As starters, sterling pressure that was pressure from the US dollar, it did the same to all currencies at the same time you failed to notice. (Or failed to be told by UK media) Borrowing costs were already on the up under Johnson, as they were for many countries not just UK, and the level under Truss now already exceeded under Sunak. It smoked out some bad hedging in pensions that was from Sunak’s time as chancellor.

    What else you got?

    What part of the budget are you saying was thrown in the volcano to quell all markets angry at Truss?
    It's an amazing coincidence therefore that the precipitous fall in GBP followed Truss's cuts, its partial recovery followed their abandonment, and that her Chancellor and herself were forced to resign soon after.

    You don't get to gain and lose the Premiership in forty-odd days without catastrophically messing up, and she did just that. Conservatives will not advance until they understand this and internalise the reasons. A heavily-indebted nation with an aged population will not grow rapidly with tax cuts and deficit spending. Cargo-cult Thatcherism does not work in the 2020s.
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    TheScreamingEaglesTheScreamingEagles Posts: 114,629

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