The Conservative Party

Len Rum said:
In times of crisis ( like now) people expect their leaders to be out there explaining what's going on and what actions they're taking (as Gordon Brown did in 2008)
So come on Liz let's be 'avin you!
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Unfortunately she's thick as shit so wouldn't be able to even if she was willing
 
Ifwecouldjust....... said:
Some Tory MPs now calling for the UK to withhold any contributions to the IMF.
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we need our credit card to meet the cost of living week to week
The credit card company has had the temerity to write to us with a bill
fuck that cut the credit card up don't pay them a penny - we will just have to get by on our own

Thats their plan?
 
I have to say that the Bank’s intervention today in the gilt market is quite an incredible turn of events. It’s an historically important event.

Having already committed to selling gilts from the APF, today’s move is purely about financial stability and will only have occurred if one or several pension funds were in serious trouble, no doubt about that. It’s an extremely concerning turn of events for the central bank to have to intervene, particularly given that they felt the need to leave the size of the intervention open-ended, emphasising the speed of the purchases as well.

Politically, Truss and Kwarteng are now absolutely fucked, completely spent, and it’s not an exaggeration to compare it to the IMF bailout. Not 100% sure they’ll last the week now.
 
So the grownups in the back rooms of the BoE have stepped in and overruled the political facing Monetary Policy Committee to try and calm things down.


The question now, is why is there not a mass revolt against Kwarteng at least from the conservative back benches?

The man has unleashed to most disasterous set of economic policies in living memory and caused absolute chaos to the point where the fucking IMF are making public statements telling the government to U turn on this, Kwarteng is holding crisis meetings to beg the city to stop panicking, and the fucking Scots are trying to cut as many ties as possible to stop them going down with the ship.

Apart from a few rumours of letters of no confidence on Monday, there's been nothing at all coming out of the back benches.

Where are the dissenting Conservative voices? Osbourne, Clarke, IDS should all be piping up as former Chancellors who are beyond internal party politics now. Where are the anti-Truss conservatives? Sunak? Hunt? Tugenhadt? Javid? Zahawi?

I feel like I'm going crazy here, I should be seeing BBC rolling news updates about if Kwarteng will last the day and instead it's being presented as if there's been some natural disaster and Truss and Kwarteng are trying to fix it.
 
I can honestly see Liz Truss being out of a job by the end of the year, does anyone think we would have been in a worse position if we had stuck with Boris?

Just think about that, as bad as he was I can't imagine him fucking things up as bad as Truss and her mob have.
 
abu13 said:
I can honestly see Liz Truss being out of a job by the end of the week, does anyone think we would have been in a worse position if we had stuck with Boris?

Just think about that, as bad as he was I can't imagine him fucking things up as bad as Truss and her mob have.
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Slight edit
 
domalino said:
Where are the dissenting Conservative voices? Osbourne, Clarke, IDS should all be piping up as former Chancellors who are beyond internal party politics now. Where are the anti-Truss conservatives? Sunak? Hunt? Tugenhadt? Javid? Zahawi?
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4465956.jpg
 
Brewster's millions said:
I have to say that the Bank’s intervention today in the gilt market is quite an incredible turn of events. It’s an historically important event.

Having already committed to selling gilts from the APF, today’s move is purely about financial stability and will only have occurred if one or several pension funds were in serious trouble, no doubt about that. It’s an extremely concerning turn of events for the central bank to have to intervene, particularly given that they felt the need to leave the size of the intervention open-ended, emphasising the speed of the purchases as well.

Politically, Truss and Kwarteng are now absolutely fucked, completely spent, and it’s not an exaggeration to compare it to the IMF bailout. Not 100% sure they’ll last the week now.
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In another dimension the whole government would have resigned. Like Johnson, they will keep the power as long as they can to enrich themselves.
 
Phil1 said:
Imagine sitting and watching all this unfold following years of fuck ups and lies and still thinking to yourself ‘yeah, this mob are the best bet to get the country going again’
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The blue Tory scarf wrapped so tightly around their necks that the brains being starved of oxygen.

A Tory version of Ty from aftv
 
domalino said:
So the grownups in the back rooms of the BoE have stepped in and overruled the political facing Monetary Policy Committee to try and calm things down.


The question now, is why is there not a mass revolt against Kwarteng at least from the conservative back benches?

The man has unleashed to most disasterous set of economic policies in living memory and caused absolute chaos to the point where the fucking IMF are making public statements telling the government to U turn on this, Kwarteng is holding crisis meetings to beg the city to stop panicking, and the fucking Scots are trying to cut as many ties as possible to stop them going down with the ship.

Apart from a few rumours of letters of no confidence on Monday, there's been nothing at all coming out of the back benches.

Where are the dissenting Conservative voices? Osbourne, Clarke, IDS should all be piping up as former Chancellors who are beyond internal party politics now. Where are the anti-Truss conservatives? Sunak? Hunt? Tugenhadt? Javid? Zahawi?

I feel like I'm going crazy here, I should be seeing BBC rolling news updates about if Kwarteng will last the day and instead it's being presented as if there's been some natural disaster and Truss and Kwarteng are trying to fix it.
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I saw a tweet earlier saying that Tory Central Office is saying the only 2 MP's returning their calls at the moment are Bridgen and Redwood. They are desperate to get someone out there to defend this Govt but don't want either of them as the face of things. Serious concerns that no-one is answering as they are plotting to get Truss out and sideline the ERG idiots.
 
domalino said:
So the grownups in the back rooms of the BoE have stepped in and overruled the political facing Monetary Policy Committee to try and calm things down.


The question now, is why is there not a mass revolt against Kwarteng at least from the conservative back benches?

The man has unleashed to most disasterous set of economic policies in living memory and caused absolute chaos to the point where the fucking IMF are making public statements telling the government to U turn on this, Kwarteng is holding crisis meetings to beg the city to stop panicking, and the fucking Scots are trying to cut as many ties as possible to stop them going down with the ship.

Apart from a few rumours of letters of no confidence on Monday, there's been nothing at all coming out of the back benches.

Where are the dissenting Conservative voices? Osbourne, Clarke, IDS should all be piping up as former Chancellors who are beyond internal party politics now. Where are the anti-Truss conservatives? Sunak? Hunt? Tugenhadt? Javid? Zahawi?

I feel like I'm going crazy here, I should be seeing BBC rolling news updates about if Kwarteng will last the day and instead it's being presented as if there's been some natural disaster and Truss and Kwarteng are trying to fix it.
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The FPC hasn’t overruled the MPC in any sense - the MPC committed to sell gilts a month ago, and today’s move is purely about financial stability given the conditions which have developed within the gilt market. The MPC’s planned gilt sales will still occur, albeit later than planned, if market conditions permit.

As I stated above, this intervention would only have occurred if an institution - most likely a pension fund - was about to go pop.
 
The Future’s Blue! said:
So, the BoE bailing out this crazy strategy. So much for being independent.
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The BoE has to try and fix the situation citing a ‘serious risk to UK financial stability‘ (pension funds) if it didn‘t. The Treasury has indemnified the BoE action, so the Govt is underwriting the action.

BoE has also postponed the planned sale of gilts which was designed to start moving away from Quantitive Easing. Which is ironic given todays action is QE.

The Treasury talks about the volatility of global markets, when it should have mentioned ‘this all started when the Chancellor spoke last Friday.’

I’ll double down on my ‘Kwarteng is toast’ prediction :)
 
abu13 said:
I can honestly see Liz Truss being out of a job by the end of the year, does anyone think we would have been in a worse position if we had stuck with Boris?

Just think about that, as bad as he was I can't imagine him fucking things up as bad as Truss and her mob have.
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Hindsight?
I think he was ditched as soon as he became unelectable. That would have happened sometime over the next two years regardless and the current Selling of England by the pound would have occurred anyway.
 
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