Yes, and I'm right too, I worked hard for the Labour party for years, but began to realise either it's not serious in wanting power, or it couldn't find its own a*** with two hands...nothing's changed, even this lot of crack pot, red meat Tories can beat them to the punch. Labour is as far removed from understanding the people it's supposed to represent as it's ever been, and as for gaining power... well I've given up hope of seeing another Labour Government in my lifetime.
Westminster Politics
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Markets are in free fall and the pound is under $1.10, but the libtards are angry so WIN WIN WIN!!!
Markets in freefall being a good thing in braindead Brexitland.
Gone under $1.09 now - trying for parity before the end of the day?
Former US Treasury Secretary Lawrence Summers has blasted the economic policies being adopted by Liz Truss, and warned that the pound could tumble below parity against the US dollar.
Summers gave a blistering condemnation of the UK government, speaking on Bloomberg Television’s “Wall Street Week” with David Westin.
Former US Treasury Secretary Lawrence Summers has blasted the economic policies being adopted by Liz Truss, and warned that the pound could tumble below parity against the US dollar.
Summers gave a blistering condemnation of the UK government, speaking on Bloomberg Television’s “Wall Street Week” with David Westin.
With this being a cataclysmic failure already, is Truss ever going to have to answer for it?
Larry is no mug. The UK has been on the path of self destruction since 2016.
So she’s blitzing the country to get her mates paid and leave Labour an impossible job that the media will use to get them out in 2 election cycles time..right?
well you have been called hopeless before today, that's true.
Whilst it doesn't mean too much, but for the record, the bookies have Starmer 8/11 on favourite to be PM after the next election, Truss 5/4 against.
That's way too low in my opinion for Truss, I think it's doubtful whether she'll even be leader of her party by then.
I think she’s going to struggle to hold the party together over the next few months. A lot of back benchers are going to be fuming with them for this. How are they going to sell it to their consistencies?
She doesn’t have a mandate for any of this.
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Don't the people who vote Tory usually love tax cuts? They're fine with those richer than them getting more as long as those poorer than them get less.
Cost of living crisis, inflation running rampant.. and their solution is.. cut taxes that largely benefit the rich in the faux idea that the extra wealth will somehow find its way into the economy.
Has the housing price pump led to higher growth rates?
I mean I'm fairly sure they all know this and are just giving one last hand out to their mates before they hit the curb.
I just hope Starmer has the balls to change the voting system to one that doesn't overwhelmingly benefit the Conservatives every election. That weve had like 30 out of the last 40 years of Conservatives in power has done a hell of a lot of damage to the country.
Has the housing price pump led to higher growth rates?
I mean I'm fairly sure they all know this and are just giving one last hand out to their mates before they hit the curb.
I just hope Starmer has the balls to change the voting system to one that doesn't overwhelmingly benefit the Conservatives every election. That weve had like 30 out of the last 40 years of Conservatives in power has done a hell of a lot of damage to the country.
Quite a few tory MPs will moan in the press, but they'll still follow the whip.
I expect a couple of defections from the red wall seat MPs, but nothing like the 30+(?) required.
I do think they might reach a point where an early election would put everyone out of their misery. The tories don't have the luxury of hiding while all this blows over, as they have tried all summer. People will be expecting leadership from the new PM and I just don't think she's up to it.
A sizable number of their votes came from non traditional Tory voters. She has effectively thrown the Red Wall MPs under the bus. They are fecked.
Bloomberg lead. I'm sure they'll try and spin it that that we're in the midst of a big global selloff, with the S&P 500 down 1.6%, gold, oil and pretty much everything falling etc...but there does seem to be a pretty broadly felt loss of confidence in the management of the economy, which is surely dangerous. Only the diehard ideologues are supporting the mini-budget.
The UK Is Really Trading Like an Emerging Market Right Now
https://www.bloomberg.com/news/arti...lly-trading-like-an-emerging-market-right-now
Any mention of levelling up?
Labour need to go for PR to keep these B'stards from ever getting this much power again.
If they win a majority I can't see Labour doing it but it's the only way to stop the Tories from destroying this country to line their own pockets.
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‘There is literally zero chance Labour will ever go for PR. It makes too much sense.
What I have seen little mention of is that if the UK were still in the EU, then there may be some hope of investment in the country in the future.Bloomberg lead. I'm sure they'll try and spin it that that we're in the midst of a big global selloff, with the S&P 500 down 1.6%, gold, oil and pretty much everything falling etc...but there does seem to be a pretty broadly felt loss of confidence in the management of the economy, which is surely dangerous. Only the diehard ideologues are supporting the mini-budget.
The UK Is Really Trading Like an Emerging Market Right Now
https://www.bloomberg.com/news/arti...lly-trading-like-an-emerging-market-right-now
Why on earth would anyone want to invest in the UK as an isolated country? Lower tax on less turnover and thus less profits is meaningless.
She does not have a mandate, which could actually be her excuse to call an early election. It would be a huge gamble but it would pre-empt any brewing revolt among her own MPs and give her a chance to ask for 'backing from the nation' before the full shitshow emerges. She'll have to be bloody quick in that case, and I doubt she's got the brains to think it all through, but someone might. Kwateng is a wanker but he's not an idiot.
"This afternoon we're at Berkeley Modular. Manufacturers of Prefabs. Very post WW2.
While the markets collapse we're taking the p!ss out of you, we're also laughing at you. Vote for us!"
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Suicide if she does that. I’d be surprised if the party let her as a lot of them know they will be out of their cushty £90k a year job. I’m not talking just the red wall either reports suggest some very high profile names will lose their seats.
hopefully
The thing with the election timing though is which would giver her the best chance, call it soon or wait til the end?
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Spot on, every last word is exactly how I feel. Surely it is time to take to the streets now?
I fully support this, Id happily pull the lever, for free all day every day until the job was done.
Whenever is the next election is surely it needs to be soon? They've reneged on so many of their manifesto pledges that this government has pretty much zero mandate now?!
Wouldn’t listen to Summers tbh. The policy the tories have put forward today have by supported in the past by Summers.
How long before a vote of no confidence is tabled then? What gets me is how distant all this shite is from the manifesto they were elected on. They've gone completely off-piste and people are rightly pissed off.
By January 2025
The VONC won’t win. It will be Turkeys voting for Xmas. Backbench Tory MPs know they are fecked but there ain’t much they can do about it.
No love for Tories here, but that's not an ok joke.
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Can we pay them to fight to the death please?
I feel a little bit sick that I'm agreeing with that GBNews twat on something.
Suicide if she does that. I’d be surprised if the party let her as a lot of them know they will be out of their cushty £90k a year job. I’m not talking just the red wall either.
This fecker has no self awareness.
What is going to be really interesting is the level of Tory MPs who will be unhappy enough to actually vote against this budget. Not enough to force rejection. But maybe enough to give Liz Truss something of a bloody nose.
I assume you're talking about both of them.