It's up there with the Mails, "Were risky pension trades behind chaos?" Definitely the marxist traders an their shady trades
Westminster Politics
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In the latest episode of the United Hour Podcast, Nik @Rood and Imran @Annihilate Now! start with the good news by celebrating Manchester United Women's emphatic FA Cup win over Spurs at Wembley and the future of manager Marc Skinner.
Then it's the bad news and the ever worsening form of our Men with losses to Arsenal and Palace.
Finally the main debate - ETH Out now or keep him until the end of the season - if not longer. Are you Team Nik or Team Imran?
They weren't speculative but fair enough
One more tick to the Horseshoe Theory box!
I'm imagining Truss and Kwasi "Wabbit" Kwarteng as Thelma and Louise, the cops are the bond and currency traders and bankers, trying to stop them from crashing the economy into the canyon.
"All this for us?"
Truss turns to Kwarteng, takes his hand and says, "Let's just keep going!"
"All this for us?"
Truss turns to Kwarteng, takes his hand and says, "Let's just keep going!"
Are your saying that because you're getting nauseous and don't want to ralf, or in your official capacity?
Standard gaslighting from Truss this morning. I'm not sure her pretending the market reaction was because of the fuel bill freeze is going to work though.
Generations of "born to rule" ideology mixed with a press that is actively pro-tory or at best is so ideologically blind that they believe "keir starmer tanked the market in opposition" must be taken seriously to maintain "balance"
Completely fecked
Thats not really true though is it? With a left wing opposition they'd have said corporation tax should be increased to more than Sunak's 25%; leaving Truss a Get out of jail option to fall back on Sunak's 25%; whilst not being seen as anti business (the lesser of two evils)
Likewise a Corbynite would likely have been against the £1m AIA which could well have given wiggle room for Tories to reduce this back down to maybe a couple of hundred thousand to raise some cash.
A more socialist opposition would likely also be against the U-Turn on NI given that this was intended to fund social care which would be a priority for a left wing government who would favour higher taxes to allow higher spend.
Truss would also be able to attack a more left wing labour party who disagreed with Stamp Duty cuts in favour of social programs as an attack on first time buyers.
A socialist government would also have to explain what additional taxes they would levy to fund nationalising rail, energy, mail etc in an environment of expensive debt and wobbly confidence. Starmer has merely made a Johnsonite suggestion of a few billion for an energy quango.
A left wing party would also be vehemently against a points based immigration system (I agree with that by the way) and would have fallen into the trap of being able to be portrayed as a "low wage, high immigration" party.
Starmer has avoided all those traps by merely agreeing with the vast majority of tax decreases and agreeing with the vast majority of spending commitments.
He's basically marketing himself as to the right of Sunak economically (he agrees with £100b to cut corporation tax, income tax, NI and freeze energy prices), but a little to the left off Truss (he disagrees with £2b of higher rate cuts).
Throw in the odd populist Johnsonite focus-group approved policy like an(other) windfall tax and he's sorted.
Starmer is basically who the Tory Parliamentary Party would have voted for if it didn't go to the members.
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I've no idea what Labour's position is on the corporation tax hike being canned. Has Starmer commented on that? Didn't come up in the Kuenssberg interview on Sunday.
You are ignoring the proceeds of Labour's proposed windfall tax on energy companies, which would rake in tens of billions of pounds, but you know that.
At what point do the adults step in and take the reins before these two genuinely bankrupt the country? This odious woman and her two-bit chancellor have a mandate of 0.3% of this country’s population.
The only good thing to come from this is it should keep the Tories out of power for a generation if cardboard cut-out Starmer can hold it together until the next GE.
The only good thing to come from this is it should keep the Tories out of power for a generation if cardboard cut-out Starmer can hold it together until the next GE.
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Thought you were kidding til I googled it. Bollocks article with zero supportive quotes in it, even from crank right wing economists. At least the DM comment sections are saying 'this is bollocks', not all buying at least.
True, but if it were seen as just one piece of a regeneration, I don't think it would be badly received. The timing meant that the masterplan for the town ended up getting curtailed.
Same can be said for Manchester City Council spending hundreds of millions renovating the victorian town Hall and Westminster likely to cost billions. On one hand it seems excessively wasteful, on the other hand the alternative is to let it go to ruin and spend on a new one having lost iconic historic buildings.
Why does every Tory seem to think they show strong leadership by completely ignoring people’s concerns and doubling down on their shit ideas.
Because while a GE is not yet on the horizon, it’s their peers which hold them accountable and to heir peers ignoring the people and being dogmatic with Tory ideals is a show of strength.
Because they don't rule for your benefit. They are demonstrating strong leadership to their paymasters if they can inflict misery without losing power.
We'll have Boris back by Christmas at this rate
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You do realise that Labour are planning to pay for the price freeze on energy bills by imposing a windfall tax on the profiteering fuel companies? That alone would save considerably on borrowing.
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Jesus fecking christ. I can genuinely feel myself losing brain cells listening to this.
Undoubtedly the stupidest PM I can ever remember. There are literally no redeeming features at all. You can see the cogs turning every time she has to answer a question outside of her proforma and she doesn't even have the mental agility to bluster like Johnson or Cameron did.
How depressing.
the bbc running an explainer "what are bonds?" is very much 2008 vibes.
so the boe has spent >60bn propping up the market since friday? isn't that more than the proposed taxcuts? now take the devaluation of the currency into account and mortgage issues, lending rates, etc., and this might be the worst mistake in modern british political history outside of wars.
so the boe has spent >60bn propping up the market since friday? isn't that more than the proposed taxcuts? now take the devaluation of the currency into account and mortgage issues, lending rates, etc., and this might be the worst mistake in modern british political history outside of wars.
Yes exactly. It is all about trying to show that you are so unbelievably clever that you and only you know that you are absolutely right and everyone else is so unbelievably stupid that they cannot understand why.
And she and her CX are prepared to trash the UK economy and put millions of peoples pensions and savings and mortgages at risk simply to give a show of strength.
It is now up to the rest of the Tory MPs to make them change course. I have written to my useless Tory MP Chris Skidmore asking him why he thinks his leader should not change course.
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She is so shit.
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This is a great episode of The Thick of It
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To be fair I've never seen her sweat and I've read rumors about her being dry.
So it is the fault of:
Putin.
Global problems
The Bank of England
Radio Bristol
But nothing to do with me gov.
The cameramen are laughing.
Are we definitely sure she hasn't quantum leaped from The Thick of It. She's an omnishambles.
Are we definitely sure she hasn't quantum leaped from The Thick of It. She's an omnishambles.
Paul Pogba will be on the list soon
That is genuinely what it feels like at the moment!
Seems like we are missing a real life Malcolm tucker to crack some heads together
My comment from 5th June.
Plenty more going back years where that came from.
She's very drunk, she's at an open mic night, her friends have convinced her that she is hilarious and have encouraged her to have a go, and now they're giggling in the dark as she is standing on stage trying to remember a joke and is being heckled by half the audience.
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Those radio interviews are something else. She simply cannot come up with on the fly answer, when asked about something off script it's just radio silence.
Yeah she's totally out of her depth. All she's got is that silly "I don't recognise that question" answer which basically means "Nobody has told me how to answer that one". Absolute cretin.