The Conservative Party

[domalino]

Lets be 100% clear. This policy has failed already.

The plan was reduce tax to encourage investment and growth and hope that the bigger economy will more than offset the lower tax rates. This would take several years to come through. (This bit is the gamble).

What has happened is the £ has crashed as a result of lack of market confidence. The markets think that not enough tax will be raised and therefore government finances will deteriorate.

The key bit is this - the reduction in the value of the £ means all our imports cost more, including oil and gas (wile we are a net producer the economic benefit is owned by private companies and they sell to all of us based on the $ value). So the measure is inflationary. Liz truss was told this during her campaign and rejected the idea. She has been proven wrong already.

And going back to the initial gamble - there is practically zero chance that any growth generated will offset the now higher costs that we as a nation will face. Prosperity will be hit by the inflationary pressure and growth will be negatively impacted. It was a gamble assuming markets remained steady - given the adverse movements it looks like a slam dunk fail.

Let's also be clear that this gamble wasn't like betting on City to beat United on the weekend.

It wasn't even like tossing a coin.

The reason Rishi Sunak and others are looking so smart right now for predicting exactly what would happen is because loads of people knew this would happen when you increased borrowing and cut tax revenue.

 

[Gabriel]

 

[HelloCity]

Labour's mess inherited, public idiotically voting for Brexit, COVID, war in Ukraine amd 15x gas energy price crisis* Yep these things have sure taken their toll.

I suppose in your head, none of this counts.

(And yes the wholesale price has gone up 1,500% in the past year or so - I didn't believe it either)

Haha.

Nothing worse than a working class bloke who thinks he benefits from a Tory government. They’re literally working against you no matter who their leader is and they wouldn’t piss on you if you were on fire.

Love how absolutely nothing is the Tories fault and yet they apparently also ‘inherited Labour’s mess’. I can only presume you’re talking about the 2008 financial crises which was actually a world wide issue. The Tories simply weaponised the circumstances in their election campaign to point out ‘look what Labour have done’. George Osbourne years later actually said he privately thought Labour handled it quite well.

Not only that but the NHS had its highest ever approval rating during that Labour run, there was less homelessness & poverty, and our Greater Manchester high streets didn’t look like something out of a post apocalypse movie. You know, the kind of things we should all be wanting from our country?

 

[domalino]

Love how absolutely nothing is the Tories fault and yet they apparently also ‘inherited Labour’s mess’. I can only presume you’re talking about the 2008 financial crises which was actually a world wide issue. The Tories simply weaponised the circumstances in their election campaign to point out ‘look what Labour have done’. George Osbourne years later actually said he privately thought Labour handled it quite well.

For all his many faults, Gordon Brown's reaction to the 2008 crisis was actually brilliant. Britain's recovery was the best of developed nations in the first 2 years and then something happened in 2010 that made us embark on a completely different, now disproved, fiscal policy which slammed the brakes on recovery and left Britain trailing behind everyone else.

What was it again? Oh yeah. The Tories came into power.

 

[mancity2012_eamo]

maybe she really believes that in time her policy and tax cuts will work out, but there's nothing she can really say or do to quell the storm that's happening now

She doesn’t come across like she understands how, herself though.
She has a few phrases rehearsed and no substance to stray passed that.
You can almost see the strings being pulled to move her.

 

[Vic]

at least that would explain the long silences, but it's not because of that, it's because she's thick as fuck. she needs to be removed from office now.

Not necessarily. Lots of intelligent people think before answering a question - Archbishop Rowan Williams was one, but the Parliamentarian with that reputation was Sir Keith Joseph (a minister who'd sit with his feet on the dispatch box before TV stopped that); a local radio presenter told me Joseph had done a recorded radio interview and paused for ten seconds to answer a question - the presenter said he'd wanted to broadcast it as recorded but the producer said he'd have to cut it as they didn't want "dead air".

 

[Bodicoteblue]

Haha.

Nothing worse than a working class bloke who thinks he benefits from a Tory government. They’re literally working against you no matter who their leader is and they wouldn’t piss on you if you were on fire.

Love how absolutely nothing is the Tories fault and yet they apparently also ‘inherited Labour’s mess’. I can only presume you’re talking about the 2008 financial crises which was actually a world wide issue. The Tories simply weaponised the circumstances in their election campaign to point out ‘look what Labour have done’. George Osbourne years later actually said he privately thought Labour handled it quite well.

Not only that but the NHS had its highest ever approval rating during that Labour run, there was less homelessness & poverty, and our Greater Manchester high streets didn’t look like something out of a post apocalypse movie. You know, the kind of things we should all be wanting from our country?

They’re still trying to weaponise labour‘s resurgence as the cause of the spectacular tanking of the pound.
And mess inheriting is soon to take on previously unknown levels.

 

[bluejon]

Not necessarily. Lots of intelligent people think before answering a question - Archbishop Rowan Williams was one, but the Parliamentarian with that reputation was Sir Keith Joseph (a minister who'd sit with his feet on the dispatch box before TV stopped that); a local radio presenter told me Joseph had done a recorded radio interview and paused for ten seconds to answer a question - the presenter said he'd wanted to broadcast it as recorded but the producer said he'd have to cut it as they didn't want "dead air".

Agree but the clue is whether or not the pause is followed by something that has been thought through properly before the gob opens and words pour out.

 

[HelloCity]

For all his many faults, Gordon Brown's reaction to the 2008 crisis was actually brilliant. Britain's recovery was the best of developed nations in the first 2 years and then something happened in 2010 that made us embark on a completely different, now disproved, fiscal policy which slammed the brakes on recovery and left Britain trailing behind everyone else.

What was it again? Oh yeah. The Tories came into power.

It has kind of been lost in time because the winner’s write history and all that. So many people genuinely think Labour just mismanaged the books in our country and we went into meltdown because of it but this was just the opposition/Tory narrative to win back voters.

 

[Bodicoteblue]

Agree but the clue is whether or not the pause is followed by something that has been thought through properly before the gob opened and words poured out.

Correct….the thoughtful, serene silence as she formulates a cogent, rational, perhaps even witty response before opening her mouth and saying ‘Putin’