Liz Truss

BobKowalski said:
Cut defence spending? With a war in Europe currently being fought? Where European countries are proposing a joint air defence shield to bolster security? Where are we in all of this if we cut back on an already hollowed out armed forces? And where would that leave the Defence Sec. Wallace?

You go back on one pledge and immediately you highlight the problems with doing so. The same with the NHS, education, social care. If we are trying to grow the economy then you have to invest in it. Maybe that is higher taxes or at least back to 20p tax rate, rather than 19p. Or back to the NIC rise, or borrowing to invest along with higher tax rates.

The irony of Brexit is that it requires higher state spending because we have to do a lot more than we used to. Previously, it wasn’t necessary or we sub-contracted out to the EU. We need more regulatory bodies, civil servants, administrators. We also demand better services, and public workers demand better pay, and it all needs paying for, which means tax rates at more European levels as well as growing the economy the best we can despite handicapping ourselves.

We have to finally face reality.
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He had the opportunity to rule out any change to defence spending and said nothing to suggest that the 3% commitment would be kept, which in the circumstances should be a flashing light to people about how bad things are about to get.

The odd thing is that everything is happening now on the tail of two years of furlough, where many businesses and individuals were kept afloat at the State‘s expense. That has then been followed by a commitment to help pay for energy bills, again at the State’s expense. Next year, if not sooner, many people are going to find it impossible to keep up with their mortgage payments, and the country could be faced with a collapse in the housing market. Does the State intervene again to save these people and the situation? I’m not saying that any of the above is wrong or should not have happened, just pointing out what has happened, what culture has been created, and what may be the direction of travel.

Agree with everything you say about the post-Brexit situation, but I still don’t think people are ready to face reality.
 
How has she even got where she is? I thought politician's are supposed to have charisma, wowing their audiences with epic speeches, that's how the likes of Hitler rose to power. But how, how did this slug rise to power? Who watched one of her spluttering speeches and thought 'she's the woman for me'?!!
Compare and contrast Mike Lynch. Now there is a man you could see as PM.
 
Gabriel said:
There probably should be but there doesn’t necessarily have to be. If there is an early General Election, then it will probably come because the market continues to be unconvinced by what the Government is doing.
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Yep. Can’t see politics forcing her out but economics certainly can. If the markets don’t settle she’s a goner.
 
Elbow beards said:
How has she even got where she is? I thought politician's are supposed to have charisma, wowing their audiences with epic speeches, that's how the likes of Hitler rose to power. But how, how did this slug rise to power? Who watched one of her spluttering speeches and thought 'she's the woman for me'?!!
Compare and contrast Mike Lynch. Now there is a man you could see as PM.
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It’s almost as if it’s a deliberate ploy to ruin the economy rather than face the fact that during Covid Boris wasted billions to help his friends. Truss and co. are fall guys it’s a drama being played out with our money.
Hunt is a caretaker PM he is not elected yet he’s going to make savings that they were not elected to do.
Tighten our belts and freeze it’s going to be a long winter they could have stopped the Energy giants from making huge profits while the drama plays out
 
west didsblue said:
Yep. Can’t see politics forcing her out but economics certainly can. If the markets don’t settle she’s a goner.
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What we'll also probably hear more of in the coming days is not only about the uncertainty in the markets that her policies have created, but also the uncertainty in the markets that is resulting from nobody knowing whether she is coming or going; all of that will serve to inch her nearer the door.

The last six years have shown the UK political system to be capable of throwing up the most astonishing political situations, and this is but the most recent.
 
Elbow beards said:
How has she even got where she is? I thought politician's are supposed to have charisma, wowing their audiences with epic speeches, that's how the likes of Hitler rose to power. But how, how did this slug rise to power? Who watched one of her spluttering speeches and thought 'she's the woman for me'?!!
Compare and contrast Mike Lynch. Now there is a man you could see as PM.
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Tit Wanks....The only thing she's got going for her
 
Gabriel said:
What we'll also probably hear more of in the coming days is not only about the uncertainty in the markets that her policies have created, but also the uncertainty in the markets that is resulting from nobody knowing whether she is coming or going; all of that will serve to inch her nearer the door.

The last six years have shown the UK political system to be capable of throwing up the most astonishing political situations, and this is but the most recent.
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The markets wobbled a bit again yesterday after her "speech." Just the fact that she reappeared and opened her mouth was enough.
This shouldn't be about the Tory party now (although of course it will be), it should be for the sake of the country. She needs to go, and soon.
 
Kirkstall Blue said:
It’s almost as if it’s a deliberate ploy to ruin the economy rather than face the fact that during Covid Boris wasted billions to help his friends. Truss and co. are fall guys it’s a drama being played out with our money.
Hunt is a caretaker PM he is not elected yet he’s going to make savings that they were not elected to do.
Tighten our belts and freeze it’s going to be a long winter they could have stopped the Energy giants from making huge profits while the drama plays out
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They are not fall guys. These people were and are the architects of Brexit (she’s just unprincipled enough to have ridden the wave), and the economic travesty befalling the country is largely of their own making. It’s the elephant in the room but because people can’t afford to turn the lights on, it continues to go unnoticed.
 
mackenzie said:
The markets wobbled a bit again yesterday after her "speech." Just the fact that she reappeared and opened her mouth was enough.
This shouldn't be about the Tory party now (although of course it will be), it should be for the sake of the country. She needs to go, and soon.
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Hunt is assuming an almost funereal tone as he goes from interview to interview, spelling out the hardships ahead and preparing the country for ‘regime change’. The situation is becoming so serious that we‘ll be told we need the best talents back in Cabinet, which will be the green light for jettisoning the ERG ‘talents’. Only question is whether Truss goes first.
 
Gabriel said:
Hunt is assuming an almost funereal tone as he goes from interview to interview, spelling out the hardships ahead and preparing the country for ‘regime change’. The situation is becoming so serious that we‘ll be told we need the best talents back in Cabinet, which will be the green light for jettisoning the ERG ‘talents’. Only question is whether Truss goes first.
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Yes, that makes sense.
I'm surprised JRM is still there to be honest though. Maybe he and Truss will go at the same time.
 
kaz7 said:
Rishi was right all along , even a thick cow like me understood what he was saying and why her plans wouldnt work , feel so much for those that now have ginormous mortages.

My first house was in the late 80's and we lost 16k because of negative equity , it was a nightmare
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Compared to those who bought in the 1980s, mortgages now are hardly ginormous*, are they?

*I reserve the right to amend this post next year (or maybe even next week…).
 
Fred_Quimby said:
No they won't. They can do whatever they like, another two years before they have to go to the polls. Install the 'dream team', Rishi and Penny and brass it out. Hope it comes good in two years. They don't give flying f..k about 'optics' at the moment.
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Doesn’t look like they are using an optic. Haven’t been for quite a while. At least previously they were just heavy handed pouring at least doubles if not trebles.

Now they seem to be slugging straight from the bottle.
 
Gabriel said:
Compared to those who bought in the 1980s, mortgages now are hardly ginormous*, are they?

*I reserve the right to amend this post next year (or maybe even next week…).
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They are though in real terms.

Repayments @15% of a £100k mortgage would be much less than interest @6% on a £250k+ mortgage.
 
mackenzie said:
Yes, that makes sense.
I'm surprised JRM is still there to be honest though. Maybe he and Truss will go at the same time.
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This is Rees-Mogg’s last hurrah in Government, but I doubt he’ll resign; he probably thinks his unswerving loyalty to the Government precludes him from doing so. He’ll wait to be reshuffled out before returning to his chaise longue.
 
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