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-   -   Liz Truss Resigns [Who'll be the next Prime Minister?] (https://www.cableforum.uk/board/showthread.php?t=33711301)

Dave42 03-10-2022 22:20
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135910)
OB will be seething, these are a staple of the supply side reforms he has wet dreams about.

---------- Post added at 20:18 ---------- Previous post was at 20:17 ----------



If they're good pay them plenty, they deserve it. Tax it.

Job done.
exactly right

1andrew1 03-10-2022 22:21
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135906)
If they're that good it should be consolidated pay. Pay them millions. Taxed at 45% sounds good to me. Reasonable reward for a good day at work if the shareholders say so.

Bonuses encourages perverse behaviours at the roulette wheel underwritten by the taxpayer.

If they're not that good, or it depends on how well you know Kwasi Kwarteng or any of the insiders attempting to steer this hapless government then I'd suggest jail rather than reward.
The Global Financial Crisis (GFC) happened due to weak regulation. We need to be very careful before undoing any of the post-GFC legislation. Truss and Kwarteng need to do their home work on this very thoroughly first; we don't want to forget the lessons of the past. I worry that a team who have lost the country £65bn have the skills and temperament to make such important decisions.

Damien 03-10-2022 22:24
Re: New Prime Minister: Liz Truss
 
To be fair banker bonuses weren't the cause of the crash and the majority of legislation that was put in to combat the causes remains.

jfman 03-10-2022 22:30
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36135913)
The Global Financial Crisis (GFC) happened due to weak regulation. We need to be very careful before undoing any of the post-GFC legislation. Truss and Kwarteng need to do their home work on this very thoroughly first; we don't want to forget the lessons of the past.
I agree, Governments and weak regulation created a monster, and had to bail it out. The individual "banker" acted entirely rationally, as did the shareholders of the banks consolidating their colossal losses.

---------- Post added at 20:30 ---------- Previous post was at 20:27 ----------

Quote:
Originally Posted by Damien (Post 36135914)
To be fair banker bonuses weren't the cause of the crash and the majority of legislation that was put in to combat the causes remains.
What do we want?

Consolidated pay for the super rich.

When do we want it?

2007. If not, NOW!

Damien 03-10-2022 22:37
Re: New Prime Minister: Liz Truss
 
Bonus or not the banks will find ways to reward the traders who make money for them. You have to regulate the market itself to avoid what happened in 2008. The cap on bonuses was always a populist measure rather than one that genuinely was implemented to stop another crash. I don't think it's smart politics to get rid of it now nor one that'll make much difference to the economy but I don't care that much.

We need to keep an eye on them revoking regulation that is important but more technical. It would be worse if they kept the banker bonuses pretending that's helping whilst revoking liquidity regulations on the banks themselves for example.

1andrew1 03-10-2022 22:43
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Damien (Post 36135914)
To be fair banker bonuses weren't the cause of the crash and the majority of legislation that was put in to combat the causes remains.
I think you're right but I fear Truss's and Kwarteng's natural instincts are geared more around instinct and less on the boring but necessary due diligence.

However, this may all be academic if Truss decides she needs to focus a bit on her popularity.

Hugh 03-10-2022 22:46
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Damien (Post 36135914)
To be fair banker bonuses weren't the cause of the crash and the majority of legislation that was put in to combat the causes remains.
But, they were a symptom of the mind-sets prevalent at the time.

As I posted a couple of times in 2011 in a previous thread

Quote:
Originally Posted by Hugh (Post 35321454)
The problem was they decoupled risk and reward - if they got it right, they got huge bonuses; if they got it wrong, they didn't lose anything (except, occasionally, their jobs).
As someone who worked as Head of Technology for a £3 billion a year t/o Financial Services Company (2003-2007), then as a Contract Programme Manager for Barclay Capital for a year, the things I saw and heard that were seen as "normal practice" were very scary - "excess was success"… :shocked:

jfman 03-10-2022 22:47
Re: New Prime Minister: Liz Truss
 
While I'm sure it was a populist measure - and I deed a deflection from structural failings - it's a legitimate question of when skill or ability ends and chance begins.

If they aren't willing to pay a banker with their own money, but are quite content to pay many multiples the amount they settled on after successful gambling with yours it certainly calls into question the basics of hard work the Conservatives tell us about just "getting a better job".

It may well be routine and expected but that merely underlines how toxic the industry is.

Hugh 03-10-2022 22:51
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135922)
While I'm sure it was a populist measure - and I deed a deflection from structural failings - it's a legitimate question of when skill or ability ends and chance begins.

If they aren't willing to pay a banker with their own money, but are quite content to pay many multiples the amount they settled on after successful gambling with yours it certainly calls into question the basics of hard work the Conservatives tell us about just "getting a better job".

It may well be routine and expected but that merely underlines how toxic the industry is.
Interestingly, a few years ago, EY (one of the big 4 Accounting companies) moved away from large bonuses as part of the compensation packages (for Equity Partners, anyway) - they moved what used to be the bonus and made it part of the annual salary ongoing.

1andrew1 03-10-2022 23:01
Re: New Prime Minister: Liz Truss
 
This is the kind of spending that should increase UK productivity.

But how does this sit with the current unfunded tax cuts and high debt levels? Something else for the OBR to factor in?
Quote:
Liz Truss pledges to reverse big cuts to key rail scheme in northern England

UK prime minister said Northern Powerhouse Rail would be built in full between Liverpool and Hull via Bradford

Liz Truss has pledged to reverse the decision to dramatically scale back the government’s flagship rail scheme in the north of England.

The prime minister said on Monday she would commit to a new high speed line spanning the entire width of northern England between Liverpool and Hull. This would include a stop in Bradford, a city with some of the worst public transport connections in the UK, which was controversially axed by the Boris Johnson government as part of a cost-saving drive almost a year ago.

Truss said the long-promised project, known as Northern Powerhouse Rail, would see a “full new line” built from Liverpool to Hull via Bradford. “I’m very clear about that,” she told ITV.

The Johnson administration was heavily criticised by local politicians and business leaders for cutting back NPR and parts of the HS2 high-speed project between London and the north to save money when it announced a £96bn investment known as the Integrated Rail Plan in November last year.
http://12ft.io/proxy?q=https://www.f...5-a5a37bd22c48

OLD BOY 04-10-2022 00:14
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135901)
Here's a thought OB, rather than speculate on the income, wealth or otherwise of forum members why don't you accept that your understanding of economics is bordering on illiterate?

In no way shape or form does the so called growth plan deliver growth, against any independent barometer.

It's an attack on the working people of this great nation, which explains why you salivate over the prospect of it more than those well known lefties Michael Gove, Rishi Sunak and Grant Shapps.

The good news is at £65bn the Bank of England bailout eclipse Brown's (well intentioned) losses on gold. So you can retire that old trope, old boy.
Well, jfman, let me put something to you. Rather than attack the Truss approach as something that won’t work before you’ve actually seen what it is, based on your hatred of all things Conservative, why don’t you pause the bile until you’ve actually seen the plan, which will be accompanied by the OBR report?

Working people benefit considerably from this package of measures, a little matter that you ignore. You also ignore the simple fact that the additional rate of tax does not raise a significant amount of money and is therefore no more than a punitive tax on the people you hate.

Sephiroth 04-10-2022 00:29
Re: New Prime Minister: Liz Truss
 
Truss has proved herself so far to be a total amateur. Here instincts were entirely wrong. To benefit people, you move the tax thresholds, not select the rich group to get an extra £2,500.

Next failure, please?

1andrew1 04-10-2022 00:37
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Sephiroth (Post 36135934)
Truss has proved herself so far to be a total amateur. Here instincts were entirely wrong. To benefit people, you move the tax thresholds, not select the rich group to get an extra £2,500.

Next failure, please?
Ironically, solving the Brexit question once and for all was meant to end the divisions in the Conservative Party. In fact, it's resulted in talent being sidelined and the rest being even more divided.

Dave42 04-10-2022 00:38
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135932)
Well, jfman, let me put something to you. Rather than attack the Truss approach as something that won’t work before you’ve actually seen what it is, based on your hatred of all things Conservative, why don’t you pause the bile until you’ve actually seen the plan, which will be accompanied by the OBR report?

Working people benefit considerably from this package of measures, a little matter that you ignore. You also ignore the simple fact that the additional rate of tax does not raise a significant amount of money and is therefore no more than a punitive tax on the people you hate.
OB we have all seen what her plan was give big tax cuts to top 1% and bigger bonuses to bankers and try trickle down economics which does not work all though they did u turn on the 45% tax cut because of a tory revolt

as London school of economics study proved a study of over 50 years on giving more money to top 1% does not work as i posted in a earlier post on here

1andrew1 04-10-2022 00:50
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135552)
(Friday) Truss has not let me down. She will shake things up and show she is not going to be pushed around by anyone.
Do you still feel this way about her?
Quote:
(Monday) Truss forced into U-turn on tax after week of market turmoil
https://www.reuters.com/world/uk/uks...rn-2022-10-03/

jfman 04-10-2022 07:46
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135932)
Well, jfman, let me put something to you. Rather than attack the Truss approach as something that won’t work before you’ve actually seen what it is, based on your hatred of all things Conservative, why don’t you pause the bile until you’ve actually seen the plan, which will be accompanied by the OBR report?

Working people benefit considerably from this package of measures, a little matter that you ignore. You also ignore the simple fact that the additional rate of tax does not raise a significant amount of money and is therefore no more than a punitive tax on the people you hate.
Bile and hate, do you actually proof read your posts to ensure they aren't emotional drivel? :rofl:

Working people do not benefit from the weakening pound, or higher mortgate rates, that accompany this "plan". Future generations don't benefit from an ever greater amount of their taxes raised being used to pay interest on debt from unfunded (and unnecessary) expenditure today. Safe to say I'll continue to criticise economic plans that don't work, and continue to believe that higher earners should pay a higher proportion of their earnings in tax than lower earners to fund better public services. This is a coherent and legitimate position to hold in a democracy, OB.

Sephiroth 04-10-2022 10:09
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135932)
Well, jfman, let me put something to you. Rather than attack the Truss approach as something that won’t work before you’ve actually seen what it is, based on your hatred of all things Conservative, why don’t you pause the bile until you’ve actually seen the plan, which will be accompanied by the OBR report?

Working people benefit considerably from this package of measures, a little matter that you ignore. You also ignore the simple fact that the additional rate of tax does not raise a significant amount of money and is therefore no more than a punitive tax on the people you hate.
If I've understood you correctly, you are referring to the 45% tax rate.

The 45% rate thing, stood out as a gift of £2,500 to well-off workers. Now that the Chancellor has dropped this ridiculous proposal, he hasn't squared the circle because he hasn't raised the tax thresholds which really would have benefited everyone.

1andrew1 04-10-2022 10:19
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Sephiroth (Post 36135944)
If I've understood you correctly, you are referring to the 45% tax rate.

The 45% rate thing, stood out as a gift of £2,500 to well-off workers. Now that the Chancellor has dropped this ridiculous proposal, he hasn't squared the circle because he hasn't raised the tax thresholds which really would have benefited everyone.
Old Boy is somewhat vague but I assume when he says "Working people benefit considerably from this package of measures" he's referring to the reduction in basic rate tax and removal of the NI increase.

Today is another hits show with different stories from Truss and her Minister on whether benefits will be increased in line with inflation

Quote:
Benefits should rise with inflation, says Penny Mordaunt - taking very different line to PM

Benefits should rise with inflation, Commons leader Penny Mordaunt has said.

In an interview with Times Radio, the cabinet minister said she had "always supported" keeping pace with inflation and it "makes sense to do so".

"We want to make sure that people are looked after and that people can pay their bills," she said.

"We are not about trying to help people with one hand and take away with another."

This appears to be a very different line to that taken by Liz Truss and Brandon Lewis - see two posts below - amid speculation a Tory row is brewing on this issue.
https://news.sky.com/story/politics-...truss-12593360

jfman 04-10-2022 10:40
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36135946)
Today is another hits show with different stories from Truss and her Minister on whether benefits will be increased in line with inflation


https://news.sky.com/story/politics-...truss-12593360
She’s toast. Her legitimacy is at or near zero if cabinet ministers are openly going out and undermining collective responsibility.

denphone 04-10-2022 10:45
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135948)
She’s toast. Her legitimacy is at or near zero if cabinet ministers are openly going out and undermining collective responsibility.
Those YouGov polls on Truss and the chancellor the other day were extremely damning.

jfman 04-10-2022 12:21
Re: New Prime Minister: Liz Truss
 
Truss can’t say to Sky News - when pressed - that she trusts the Chancellor.

If she can’t even say it why should I :rofl:

denphone 04-10-2022 12:26
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135952)
Truss can’t say to Sky News - when pressed - that she trusts the Chancellor.

If she can’t even say it why should I :rofl:
Truss was asked a question on LBC Radio on do you think pensioners are worth more then benefit claimants.

Again she did not answer the question.

Mick 04-10-2022 13:05
Re: New Prime Minister: Liz Truss
 
This may upset some quarters of my own “Conservative” allies on here, but I cannot, in all good conscience carry on supporting the Conservatives, with Liz Truss at the helm, she wasn’t, along with Rishi, the best two final choices.

The current, as Lord David Frost, has said today, “Amateurish and bungling” policies this government has undertook in a few short weeks, is a bad look, giving top earners a tax cut, then deciding benefits won’t rise in line with inflation, Truss not being honest about the 2,500 energy price cap and issuing yet another apology.

Can’t even say Tory members made wrong choice with Truss, because Rishi, would have been just as bad, imo.

Nah, we need a General Election, Truss has already broke promises, she doesn’t have a mandate to run country.

Some Folk know on here, I work in the healthcare industry, the NHS, is at crippling point, nobody should have to wait over half a day, when they have had a serious fall, but that’s what’s happening. There’s not enough beds, because the elderly patients can’t be discharged to care homes quick enough, where they should be, because the social care sector, is also in crisis, with 100,000+ staff vacancies empty, meaning care homes can’t take on new clients.

It’s a combination of other factors too, the backlog of people waiting for treatment is colossal, people who can’t see a GP, probably because they don’t have one, phone 111, get sent to A & E for the slightest of health problems.

So to summarise, under 12 years of Tory rule, NHS, is in bits, I’m not saying when you get treatment, it’s really bad, just the wait times are utterly dreadful, it’s a disaster.

Dave42 04-10-2022 13:20
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Mick (Post 36135959)
This may upset some quarters of my own “Conservative” allies on here, but I cannot, in all good conscience carry on supporting the Conservatives, with Liz Truss at the helm, she wasn’t, along with Rishi, the best two final choices.

The current, as Lord David Frost, has said today, “Amateurish and bungling” policies this government has undertook in a few short weeks, is a bad look, giving top earners a tax cut, then deciding benefits won’t rise in line with inflation, Truss not being honest about the 2,500 energy price cap and issuing yet another apology.

Can’t even say Tory members made wrong choice with Truss, because Rishi, would have been just as bad, imo.

Nah, we need a General Election, Truss has already broke promises, she doesn’t have a mandate to run country.

Some Folk know on here, I work in the healthcare industry, the NHS, is at crippling point, nobody should have to wait over half a day, when they have had a serious fall, but that’s what’s happening. There’s not enough beds, because the elderly patients can’t be discharged to care homes quick enough, where they should be, because the social care sector, is also in crisis, with 100,000+ staff vacancies empty, meaning care homes can’t take on new clients.

It’s a combination of other factors too, the backlog of people waiting for treatment is colossal, people who can’t see a GP, probably because they don’t have one, phone 111, get sent to A & E for the slightest of health problems.

So to summarise, under 12 years of Tory rule, NHS, is in bits, I’m not saying when you get treatment, it’s really bad, just the wait times are utterly dreadful, it’s a disaster.
seems like everyday more and more tories turning against her be very surprised if she sees xmas as PM looks like she only got support of the far right of the party only

denphone 04-10-2022 13:24
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Mick (Post 36135959)
This may upset some quarters of my own “Conservative” allies on here, but I cannot, in all good conscience carry on supporting the Conservatives, with Liz Truss at the helm, she wasn’t, along with Rishi, the best two final choices.

The current, as Lord David Frost, has said today, “Amateurish and bungling” policies this government has undertook in a few short weeks, is a bad look, giving top earners a tax cut, then deciding benefits won’t rise in line with inflation, Truss not being honest about the 2,500 energy price cap and issuing yet another apology.

Can’t even say Tory members made wrong choice with Truss, because Rishi, would have been just as bad, imo.

Nah, we need a General Election, Truss has already broke promises, she doesn’t have a mandate to run country.

Some Folk know on here, I work in the healthcare industry, the NHS, is at crippling point, nobody should have to wait over half a day, when they have had a serious fall, but that’s what’s happening. There’s not enough beds, because the elderly patients can’t be discharged to care homes quick enough, where they should be, because the social care sector, is also in crisis, with 100,000+ staff vacancies empty, meaning care homes can’t take on new clients.

It’s a combination of other factors too, the backlog of people waiting for treatment is colossal, people who can’t see a GP, probably because they don’t have one, phone 111, get sent to A & E for the slightest of health problems.

So to summarise, under 12 years of Tory rule, NHS, is in bits, I’m not saying when you get treatment, it’s really bad, just the wait times are utterly dreadful, it’s a disaster.
Not often l agree with you politically Mick but you have hit the nail on the head with much of what you say.

Mick 04-10-2022 13:27
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Dave42 (Post 36135961)
seems like everyday more and more tories turning against her be very surprised if she sees xmas as PM looks like she only got support of the far right of the party only
I’ve never been far right, more centre-right. I believe in controlled migration, fairness for all and freedom and democracy.

Dave42 04-10-2022 13:30
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Mick (Post 36135963)
I’ve never been far right, more centre-right. I believe in controlled migration, fairness for all and freedom and democracy.
never said you were Mick meant that is who she listening too and the ones that support her she kicked out all the ones that didn't support her and lots of the one nation tories are gone

Mick 04-10-2022 13:30
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36135962)
Not often l agree with you politically Mick but you have hit the nail on the head with much of what you say.
Which is now why I’m saying, let’s put this back to the people.

GrimUpNorth 04-10-2022 13:32
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Mick (Post 36135959)
This may upset some quarters of my own “Conservative” allies on here, but I cannot, in all good conscience carry on supporting the Conservatives, with Liz Truss at the helm, she wasn’t, along with Rishi, the best two final choices.

The current, as Lord David Frost, has said today, “Amateurish and bungling” policies this government has undertook in a few short weeks, is a bad look, giving top earners a tax cut, then deciding benefits won’t rise in line with inflation, Truss not being honest about the 2,500 energy price cap and issuing yet another apology.

Can’t even say Tory members made wrong choice with Truss, because Rishi, would have been just as bad, imo.

Nah, we need a General Election, Truss has already broke promises, she doesn’t have a mandate to run country.

Some Folk know on here, I work in the healthcare industry, the NHS, is at crippling point, nobody should have to wait over half a day, when they have had a serious fall, but that’s what’s happening. There’s not enough beds, because the elderly patients can’t be discharged to care homes quick enough, where they should be, because the social care sector, is also in crisis, with 100,000+ staff vacancies empty, meaning care homes can’t take on new clients.

It’s a combination of other factors too, the backlog of people waiting for treatment is colossal, people who can’t see a GP, probably because they don’t have one, phone 111, get sent to A & E for the slightest of health problems.

So to summarise, under 12 years of Tory rule, NHS, is in bits, I’m not saying when you get treatment, it’s really bad, just the wait times are utterly dreadful, it’s a disaster.
Putting my union stewards hat on, I can say I completely agree with everything you've said and I'm in no way on the same side of the political divide as you are Mick. We've been banging on about the concerns you raise for years and if people on the right of politics are feeling similarly aggrieved then the government's days are numbered.

denphone 04-10-2022 13:35
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Mick (Post 36135965)
Which is now why I’m saying, let’s put this back to the people.
l agree but turkeys don't vote for Christmas and if a General Election was called now the Conservatives going by current polling would highly likely lose over 100 plus seats quite easily.

jfman 04-10-2022 13:40
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36135968)
l agree but turkeys don't vote for Christmas and if a General Election was called now the Conservatives going by current polling would highly likely lose over 100 plus seats quite easily.
They should bin Truss, appoint someone serious. Spend a couple of months working up a policy platform to enter the election with. Have an election next Spring.

Anything less and we simply have a rudderless Government until the next election.

1andrew1 04-10-2022 13:48
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135969)
They should bin Truss, appoint someone serious. Spend a couple of months working up a policy platform to enter the election with. Have an election next Spring.

Anything less and we simply have a rudderless Government until the next election.
I think they're too exhaused and new talent is reluctant to step forward. Time for a general election, let Labour handle the mess, re-group and bounce back brighter in five years' time.

Mick 04-10-2022 13:51
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36135968)
l agree but turkeys don't vote for Christmas and if a General Election was called now the Conservatives going by current polling would highly likely lose over 100 plus seats quite easily.
It’s really hard for me to say this, but the way they have carried on, they deserve to. They’ve had a strong mandate given to them in 2019, massive majority and squandered it with petty infighting. There’s no doubt in my mind they’re going to tear themselves up over next two years, while we the people, want action on many domestic fronts, we haven’t got the time to watch them fight each other over next few years.

A Labour government just wouldn’t phase me anymore, I’m politically tired, I’m not saying I’ve switched my political allegiances. I just want our country to get some kind of stability.

1andrew1 04-10-2022 13:53
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36135953)
Truss was asked a question on LBC Radio on do you think pensioners are worth more then benefit claimants.

Again she did not answer the question.
There was a reason Cummings "encouraged" her not to do media interviews. ;)

Hugh 04-10-2022 15:08
Re: New Prime Minister: Liz Truss
 
https://www.independent.co.uk/news/u...-b2195185.html

Quote:
Kwasi Kwarteng blames ‘pressure’ of Queen’s death for botched mini-budget

Chancellor also sparks fresh confusion over next financial statement, saying: ‘It’s going to be 23 November’ – despite Treasury briefing it has been brought forward

Kwasi Kwarteng has blamed the “pressure” of the Queen’s death for mistakes in the mini-budget which has plunged the Tory party in crisis.

“We had a nation in mourning and then, literally, four days after the funeral we had the mini-budget,” the chancellor said.

“It was a high speed, high pressure environment and we could, as David Cameron used to say, have prepared the pitch a bit better.”

Mr Kwarteng also sparked fresh confusion over his next financial statement, saying: “It’s going to be 23 November,” – despite the Treasury briefing it has been brought forward to October.

And he said the scrapping of the 45p tax rate for top earners has merely been “postponed”, before correcting himself to say: “We have decided not to proceed with it.”

denphone 04-10-2022 15:15
Re: New Prime Minister: Liz Truss
 
l would suggest he tender his resignation as its quite clear he is well out of his depth.

jfman 04-10-2022 15:41
Re: New Prime Minister: Liz Truss
 
He didn’t seem that affected by the Queen’s death when he was at the funeral chuckling away in his phone.

Hugh 04-10-2022 15:42
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36135975)
https://www.independent.co.uk/news/u...-b2195185.html

Quote:
Kwasi Kwarteng blames ‘pressure’ of Queen’s death for botched mini-budget

Chancellor also sparks fresh confusion over next financial statement, saying: ‘It’s going to be 23 November’ – despite Treasury briefing it has been brought forward

Kwasi Kwarteng has blamed the “pressure” of the Queen’s death for mistakes in the mini-budget which has plunged the Tory party in crisis.

“We had a nation in mourning and then, literally, four days after the funeral we had the mini-budget,” the chancellor said.

“It was a high speed, high pressure environment and we could, as David Cameron used to say, have prepared the pitch a bit better.”

Mr Kwarteng also sparked fresh confusion over his next financial statement, saying: “It’s going to be 23 November,” – despite the Treasury briefing it has been brought forward to October.

And he said the scrapping of the 45p tax rate for top earners has merely been “postponed”, before correcting himself to say: “We have decided not to proceed with it.”
Just thinking about this statement about "high speed, high pressure environment"…

HM died on the 8th, it was announced on the 15th that the mini-budget was going to happen on the 21st and 22nd - any "high pressure environment" was purely self-inflicted…

jfman 04-10-2022 15:57
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36135979)
Just thinking about this statement about "high speed, high pressure environment"…

HM died on the 8th, it was announce on the 15th that the mini-budget was going to happen on the 21st and 22nd - any "high pressure environment" was purely self-inflicted…
Given the reaction of the markets, it’s clear they should have proceeded with caution. I wholeheartedly disagree with trickle down economics - it’s been proven time and again to simply not work. But they could have worked the numbers and made the case.

Instead they dived head first into catastrophe. It’s very, very difficult to not reach the conclusion it’s corruption and not ineptitude.

Edit: even better news Rees-Mogg is trying to railroad through fracking England’s green and pleasant land bypassing legal, environmental and public scrutiny.

https://www.theguardian.com/politics...king-email-hse

1andrew1 04-10-2022 16:43
Re: New Prime Minister: Liz Truss
 
Interesting thread on where the cuts will land: Universal Credit and child credit, saving £4bn. From the Chief Executive of the Resolution Foundation.
https://twitter.com/TorstenBell/stat...97283955277827

---------- Post added at 15:43 ---------- Previous post was at 15:41 ----------

Quote:
Originally Posted by Hugh (Post 36135979)
Just thinking about this statement about "high speed, high pressure environment"…

HM died on the 8th, it was announced on the 15th that the mini-budget was going to happen on the 21st and 22nd - any "high pressure environment" was purely self-inflicted…
Agreed. They had a need to move quickly on the fuel crisis but not the other stuff. That error was entirely of their own making. #WorstPMEver

jfman 04-10-2022 16:52
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36135982)
Interesting thread on where the cuts will land: Universal Credit and child credit, saving £4bn. From the Chief Executive of the Resolution Foundation.
https://twitter.com/TorstenBell/stat...97283955277827

---------- Post added at 15:43 ---------- Previous post was at 15:41 ----------


Agreed. They had a need to move quickly on the fuel crisis but not the other stuff. That error was entirely of their own making. #WorstPMEver
Steady on she’s not lied to either monarch yet, her predecessor only had to be honest with one.

Paul 04-10-2022 17:04
Re: New Prime Minister: Liz Truss
 
Come back Boris, all is forgiven :devsmoke:

:erm: :angel:

Hugh 04-10-2022 17:17
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36135982)
Interesting thread on where the cuts will land: Universal Credit and child credit, saving £4bn. From the Chief Executive of the Resolution Foundation.
https://twitter.com/TorstenBell/stat...97283955277827

---------- Post added at 15:43 ---------- Previous post was at 15:41 ----------


Agreed. They had a need to move quickly on the fuel crisis but not the other stuff. That error was entirely of their own making. #WorstPMEver
But that had already been announced on the 8th September…

https://www.gov.uk/government/news/g...-energy-market

Dave42 04-10-2022 17:22
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36135975)
they trying to gaslight us now thinking we all idiots blaming the queens death for his shambles of a budget is truely shocking

1andrew1 04-10-2022 17:48
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135985)
Steady on she’s not lied to either monarch yet, her predecessor only had to be honest with one.
Ha ha. That's a valid point! Plus Truss lost us £65bn, Johnson lost us 4% of GDP every year with his bad EU deal.

---------- Post added at 16:48 ---------- Previous post was at 16:29 ----------

Quote:
Originally Posted by Dave42 (Post 36135990)
they trying to gaslight us now thinking we all idiots blaming the queens death for his shambles of a budget is truely shocking
Not sure they can stoop lower than that, to be honest.

nashville 04-10-2022 18:12
Re: New Prime Minister: Liz Truss
 
Time will tell, but so far not too good.

heero_yuy 04-10-2022 18:18
Re: New Prime Minister: Liz Truss
 
I just wonder how people think that a rabble alliance under Starmer would be any better?

1andrew1 04-10-2022 18:27
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by heero_yuy (Post 36135997)
I just wonder how people think that a rabble alliance under Starmer would be any better?
:D:D:D:

This is the #WorstPMEver. Anyone is an upgrade. Even Johnson.

denphone 04-10-2022 18:29
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by heero_yuy (Post 36135997)
I just wonder how people think that a rabble alliance under Starmer would be any better?
A nice bit of whataboutery heero as voters are increasingly coming to the conclusion that a safe moderate leader is better then a prime minister without a mandate and a party that is at war with itself.

jfman 04-10-2022 18:33
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by heero_yuy (Post 36135997)
I just wonder how people think that a rabble alliance under Starmer would be any better?
:rofl:

Really? A ramshackle cabinet of me, Seph, Pierre, den, Andrew, Mick and Paul could do a better job. Despite being able to command agreement on absolutely nothing.

pip08456 04-10-2022 18:35
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36136002)
:rofl:

Really? A ramshackle cabinet of me, Seph, Pierre, den, Andrew, Mick and Paul could do a better job. Despite being able to command agreement on absolutely nothing.
You forgot OB as chancellor!:D

denphone 04-10-2022 18:36
Re: New Prime Minister: Liz Truss
 
More ominous polling news for the Conservatives this time in the Red Wall constituencies.

https://redfieldandwiltonstrategies....-october-2022/

Quote:
Our latest Red Wall poll finds Labour leading the Conservatives by 38%, a staggering twenty-three points more than in our previous poll two weeks ago, and the largest lead ever achieved by any party in our Red Wall polling. Altogether, the results of our poll (with changes from 19-20 September) are as follows:

Labour 61% (+12)
Conservative 23% (-11)
Reform UK 3% (-4)
Liberal Democrat 7% (+2)
Green 4% (–)
Plaid Cymru 1% (+1)
Other 1% (–)

heero_yuy 04-10-2022 18:37
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by pip08456 (Post 36136003)
You forgot OB as chancellor!:D
You're all wrong: I'll rule as Chairman Yuy and you'll all do what you're told. :D

1andrew1 04-10-2022 18:45
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by pip08456 (Post 36136003)
You forgot OB as chancellor!:D
He's pitching for the Ofcom chair. ;)

Sephiroth 04-10-2022 18:51
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36136002)
:rofl:

Really? A ramshackle cabinet of me, Seph, Pierre, den, Andrew, Mick and Paul could do a better job. Despite being able to command agreement on absolutely nothing.
As long as I can be Chief of Secret Police.

Hugh 04-10-2022 19:06
Re: New Prime Minister: Liz Truss
 
1 Attachment(s)
Quote:
“When this party came into government we were met with the full force of Labour’s economic incompetence: no money left; taxes raised; record unemployment.”

KWASI KWARTENG MP, 3 OCTOBER 2022.
https://fullfact.org/economy/Kwarten...-unemployment/

Quote:
In his speech at the Conservative party conference, chancellor Kwasi Kwarteng said that the Conservatives entered government at a time of “record unemployment”.

This is not correct. Unemployment was increasing when Labour left government in 2010, but it did not reach record levels.

The highest level of unemployment since comparable records began in 1971 was recorded in 1984, when the UK unemployment rate peaked at 11.9%, or 3.278 million people aged 16+, in the three months to May. During this period, Margaret Thatcher (Conservative) was prime minister.

https://www.cableforum.uk/board/atta...3&d=1664903148

The unemployment rate fell during the late 1980s before increasing in the early 1990s, peaking again at 10.7% in the winter of 1992/93, with 3.023 million people unemployed. During this period, Sir John Major (Conservative) was prime minister.

By comparison, when Labour left government in May 2010 the unemployment rate stood at 7.9%—four percentage points lower than the record level— with 2.508 million people unemployed. It then rose to 8.5% in 2011, before falling to near-record lows, and at the start of this summer was recorded at 3.6%.

jfman 04-10-2022 19:50
Re: New Prime Minister: Liz Truss
 
It’s almost like his attention to detail is inadequate.

No money left is a good line considering the levels of debt inherited (in 1997) and resulting interest payments spaffed up the wall from 1997-2010.

Maggy 04-10-2022 21:25
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36136002)
:rofl:

Really? A ramshackle cabinet of me, Seph, Pierre, den, Andrew, Mick and Paul could do a better job. Despite being able to command agreement on absolutely nothing.
Ahem!

Chris 04-10-2022 21:37
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36136002)
:rofl:

Really? A ramshackle cabinet of me, Seph, Pierre, den, Andrew, Mick and Paul could do a better job. Despite being able to command agreement on absolutely nothing.
Ahem. I respectfully suggest you want me inside the tent peeing outwards rather than outside peeing in. I do a very good Gove when pushed. FCO, please. :cool:

Hugh 04-10-2022 21:40
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman View Post

Really? A ramshackle cabinet of me, Seph, Pierre, den, Andrew, Mick and Paul could do a better job. Despite being able to command agreement on absolutely nothing
Defence for me, please…

Julian 04-10-2022 21:59
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36136001)
A nice bit of whataboutery heero as voters are increasingly coming to the conclusion that a safe moderate leader is better then a prime minister without a mandate and a party that is at war with itself.
Not whataboutery but just saying that it's the same across parties. :)

Quote:
Not whataboutery but just saying that it's the same across parties.
Exactly. ;)

1andrew1 05-10-2022 00:13
Re: New Prime Minister: Liz Truss
 
Mick can do health and I'll do BEIS.

---------- Post added at 23:13 ---------- Previous post was at 21:44 ----------

Quote:
Originally Posted by Maggy (Post 36136015)
Ahem!
What position would you like, Maggy?

Hugh 05-10-2022 00:36
Re: New Prime Minister: Liz Truss
 
Education, obvs….

Paul 05-10-2022 03:02
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36136002)
Really? A ramshackle cabinet of me, Seph, Pierre, den, Andrew, Mick and Paul could do a better job. Despite being able to command agreement on absolutely nothing.
Not entirely true, we (hopefully) all agree we could do better. ;)

Maggy 05-10-2022 09:25
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36136025)
Education, obvs….
No! I demand to be in charge.

1andrew1 05-10-2022 10:05
Re: New Prime Minister: Liz Truss
 
Not great for new buyers or those whose fixed rates are coming to an end. A side effect of the badly-managed mini budget.

Quote:
UK economy latest news: Average two-year fix mortgage rate approaches 6% - 'repossessions probably unavoidable'

The average two-year fixed rate mortgage is now 5.97%, MoneyFacts says, amid a warning that repossessions on a significant scale are becoming inevitable.
https://news.sky.com/story/uk-econom...dable-12615118

Chris 05-10-2022 11:29
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36136035)
Not great for new buyers or those whose fixed rates are coming to an end. A side effect of the badly-managed mini budget.


https://news.sky.com/story/uk-econom...dable-12615118
Already being discussed in some detail in the cost of living thread.

https://www.cableforum.uk/board/show...6#post36136036

Hugh 05-10-2022 12:48
Re: New Prime Minister: Liz Truss
 
1 Attachment(s)
https://twitter.com/barristersecret/...dKV2rB1E0LqC_w

https://www.cableforum.uk/board/atta...4&d=1664966863

Sephiroth 05-10-2022 14:33
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Maggy (Post 36136032)
No! I demand to be in charge.
If that were to be so, would you commit to constraining the woke nonsense?

1andrew1 05-10-2022 15:48
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Sephiroth (Post 36136053)
If that were to be so, would you commit to constraining the woke nonsense?
Last decade's woke nonsense is this year's normal.

Paul 05-10-2022 15:52
Re: New Prime Minister: Liz Truss
 
Who is Jason Biggs ?

Jaymoss 05-10-2022 15:59
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Paul (Post 36136056)
Who is Jason Biggs ?
The Apple Pie guy in American Pie

jfman 05-10-2022 16:37
Re: New Prime Minister: Liz Truss
 
I think I preferred not knowing.

1andrew1 05-10-2022 17:19
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36136058)
I think I preferred not knowing.
:D:D:D

Sephiroth 05-10-2022 17:26
Re: New Prime Minister: Liz Truss
 

I take it that the silence in this thread on Truss' conference speech is due to dumbfoundedness.

Her speech was a repetitive use of the word "growth" and was otherwise content free - no detail on the how. Except possibly on illegal immigration where she committed Braverman to legislate so that no European Court could override a British court. GET ON WITH IT.

Chris 05-10-2022 17:30
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Sephiroth (Post 36136061)

I take it that the silence in this thread on Truss' conference speech is due to dumbfoundedness.

Her speech was a repetitive use of the word "growth" and was otherwise content free - no detail on the how. Except possibly on illegal immigration where she committed Braverman to legislate so that no European Court could override a British court. GET ON WITH IT.
I caught the end of it live this morning and listened to some of the punditry on the BBC. Then they cut to vox pops from the conference venue with predictably sycophantic results. So I’ve not really had time to make up my own mind on the substance of it yet (assuming there is any).

One thing that did stick in my memory was they pulled up a word cloud based on some pollster’s research that had INCOMPETENT in very large letters across its middle. The words surrounding it were hardly more encouraging.

OLD BOY 05-10-2022 17:34
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Sephiroth (Post 36136061)

I take it that the silence in this thread on Truss' conference speech is due to dumbfoundedness.

Her speech was a repetitive use of the word "growth" and was otherwise content free - no detail on the how. Except possibly on illegal immigration where she committed Braverman to legislate so that no European Court could override a British court. GET ON WITH IT.
It would be good if her fellow MPs would let her get on with it instead of plotting against her.

Chris 05-10-2022 17:44
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36136063)
It would be good if her fellow MPs would let her get on with it instead of plotting against her.
Obviously it would be, from a party management perspective. But why is it that you think they’re not doing that?

denphone 05-10-2022 17:51
Re: New Prime Minister: Liz Truss
 
The clear fact is no one voted for her policies thus she has no electoral mandate.

If she wants a mandate she is best to call a general election where the British people can decide.

Sephiroth 05-10-2022 17:55
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36136063)
It would be good if her fellow MPs would let her get on with it instead of plotting against her.
Get on with what, though? Growth? Nothing about the how.

---------- Post added at 16:55 ---------- Previous post was at 16:53 ----------

Quote:
Originally Posted by denphone (Post 36136067)
The clear fact is no one voted for her policies thus she has no electoral mandate.

If she wants a mandate she is best to call a general election where the British people can decide.
Don't be silly, Den - she doesn't want a mandate. She wants to be PM and meet important people overseas etc.

Hugh 05-10-2022 17:56
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36136063)
It would be good if her fellow MPs would let her get on with it instead of plotting against her.
I remember you saying the same thing regarding Theresa May.

Oh, wait…

Chris 05-10-2022 17:57
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36136067)
The clear fact is no one voted for her policies thus she has no electoral mandate.

If she wants a mandate she is best to call a general election where the British people can decide.
This is complete nonsense Den.

We do not elect a president and a party manifesto is not legally enforceable - it is a set of aspirations. We have an opportunity to judge a government’s fidelity to its manifesto at the next general election.

In the intervening years, you have elected a local MP who owes you both industry and judgment - that is, they don’t just work hard, they work intelligently based on circumstances as they unfold. If you believe the party of government has reneged on its promises then the general election is your opportunity to have your say. The date of that election is in 2024, or sooner *if* the government chooses.

jfman 05-10-2022 18:33
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Sephiroth (Post 36136061)

I take it that the silence in this thread on Truss' conference speech is due to dumbfoundedness.

Her speech was a repetitive use of the word "growth" and was otherwise content free - no detail on the how. Except possibly on illegal immigration where she committed Braverman to legislate so that no European Court could override a British court. GET ON WITH IT.
I didn’t listen. She’s toast anyway.

---------- Post added at 16:33 ---------- Previous post was at 16:11 ----------

Quote:
Originally Posted by Chris (Post 36136072)
This is complete nonsense Den.

We do not elect a president and a party manifesto is not legally enforceable - it is a set of aspirations. We have an opportunity to judge a government’s fidelity to its manifesto at the next general election.

In the intervening years, you have elected a local MP who owes you both industry and judgment - that is, they don’t just work hard, they work intelligently based on circumstances as they unfold. If you believe the party of government has reneged on its promises then the general election is your opportunity to have your say. The date of that election is in 2024, or sooner *if* the government chooses.
We may well not elect a President, and indeed the manifesto isn’t legally enforceable, however it makes it a rudderless Government. The vast majority of MPs wanted someone else, and none stood on her “policy platform”.

Chris 05-10-2022 18:38
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36136074)
I didn’t listen. She’s toast anyway.

---------- Post added at 16:33 ---------- Previous post was at 16:11 ----------



We may well not elect a President, and indeed the manifesto isn’t legally enforceable, however it makes it a rudderless Government. The vast majority of MPs wanted someone else, and none stood on her “policy platform”.
All of which is true, but holding an election every 2 years is destabilising in its own way. There may of course be circumstance where it’s highly desirable - I’d argue the parliamentary impasse over Brexit was just such an occasion, but that was because it was parliament itself that was stuck, and not the government that enjoys parliament’s confidence (which this one does, despite Tory backbench muttering).

Mostly, I think the canard that a new prime minister has no mandate and requires an election must be challenged whenever its offered. It is constitutionally incorrect, and it does us no good when people start parroting the line it every time it occurs.

jfman 05-10-2022 19:02
Re: New Prime Minister: Liz Truss
 
It might be “constitutionally incorrect” but that’s not mutually exclusive with the fact her policy platform lacks a mandate.

The system may well allow the Conservative party to limp on to a pre-determined period, and so be it if it does. The electorate will not forgive them when the time comes for imposing this coalition of chaos on the people because they deposed the last post holder.

If she believes that much in the 46p tax rate and the growth plan she should call an election. Otherwise she can say one thing knowing the MPs behind her won’t back it. Less credibility than Old Boy.

richard-john56 05-10-2022 20:02
Re: New Prime Minister: Liz Truss
 
Congratulations to the two Green Peace Ladies for showing what Truss and Co are against.

Sephiroth 05-10-2022 20:12
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by richard-john56 (Post 36136081)
Congratulations to the two Green Peace Ladies for showing what Truss and Co are against.
Oh dear.

Shall we be unable to heat our homes this winter or in the future?

Shall we be unable to create electricity to feed the (stupid) electric cars that cannot find chargers?

Please glue yourself to something.

Dave42 05-10-2022 20:19
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36136063)
It would be good if her fellow MPs would let her get on with it instead of plotting against her.
trouble is she got a strategy and policies that proven not to work OB trickle down economics do not work you are always overlooking the BOE had to step in to save pensions that cost 65 billion what happens after the 14th October when that help ends

remember why she had to u turn OB it was because of tory MP's revolting and she would not get it through parliament and it will not be the last revolt

Mad Max 05-10-2022 20:20
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by richard-john56 (Post 36136081)
Congratulations to the two Green Peace Ladies for showing what Truss and Co are against.
****ing lunatics.

Hugh 05-10-2022 20:23
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by richard-john56 (Post 36136081)
Congratulations to the two Green Peace Ladies for showing what Truss and Co are against.
Quote:
Originally Posted by Mad Max (Post 36136085)
****ing lunatics.
That’s a bit harsh.

I think they are perhaps overly ideological blinkered and not willing to listen to others views, denigrating those who disagree with, but I wouldn’t call Truss and Co lunatics…

Mad Max 05-10-2022 20:24
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36136087)
That’s a bit harsh.

I think they are perhaps overly ideological blinkered and not willing to listen to others views, denigrating those who disagree with, but I wouldn’t call Truss and Co lunatics…
Yeah, very good, Hugh :rolleyes:

Sephiroth 05-10-2022 20:29
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36136087)
That’s a bit harsh.

I think they are perhaps overly ideological blinkered and not willing to listen to others views, denigrating those who disagree with, but I wouldn’t call Truss and Co lunatics…
One of your better inputs.

jfman 05-10-2022 20:38
Re: New Prime Minister: Liz Truss
 
He’d get promoted to Cabinet for that kind of insight.

GrimUpNorth 05-10-2022 20:42
Re: New Prime Minister: Liz Truss
 
She didn't make clear was the growth going to fund the new infrastructure she promised or is the new infrastructure going to attract the the growth she promised. I can see neither happening.

Hugh 05-10-2022 20:54
Re: New Prime Minister: Liz Truss
 
Ah, but if it doesn’t happen, it will be because of the "anti-growth coalition" and the "enemies of enterprise"…

denphone 05-10-2022 20:59
Re: New Prime Minister: Liz Truss
 
Typical government Trumpian blame game tactics.

1andrew1 05-10-2022 21:42
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by richard-john56 (Post 36136081)
Congratulations to the two Green Peace Ladies for showing what Truss and Co are against.
A picture of any of the following would show what she's up against.
  • The British public's voting intentions.
  • The laws of economics.
  • Many Conservative MPs including several Ministers.
  • Rising interest rates.
  • Growing budget deficit.


---------- Post added at 20:42 ---------- Previous post was at 20:39 ----------

Quote:
Originally Posted by GrimUpNorth (Post 36136093)
She didn't make clear was the growth going to fund the new infrastructure she promised or is the new infrastructure going to attract the the growth she promised. I can see neither happening.
Sensible infrastructure investment like East West Rail and the Northern Powerhouse should increase efficiency and growth.

jfman 05-10-2022 21:53
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36136095)
Typical government Trumpian blame game tactics.
There’s certainly a tone attempting to weaponise subjects that are just mundane.

1andrew1 05-10-2022 22:59
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36136094)
Ah, but if it doesn’t happen, it will be because of the "anti-growth coalition" and the "enemies of enterprise"…
That all sounds too much like Animal Farm for my liking!

Hugh 06-10-2022 09:59
Re: New Prime Minister: Liz Truss
 
I think this sums it up…

https://twitter.com/DavidPNoble63/st..._Ejl1wajA&s=07

Quote:
When all you touch falls apart, and you can't articulate your plans, make up an enemy, give it a name that means nothing and deflect, deflect, deflect, from a mess of your own making.
And when Nadine Dorries thinks you’re too right-wing, you probably need to re-evaluate your position.

https://www.thetimes.co.uk/article/u...russ-mdrhw9h8w

Quote:
The Conservative Party faces a landslide defeat at the next election unless Liz Truss changes course, a former cabinet minister and close ally of Boris Johnson has warned.

Nadine Dorries, who was a prominent supporter of Truss during the Tory leadership contest, said the prime minister had made some “big mistakes” in her first weeks in office and did not have a mandate for her radical agenda.

The former culture secretary accused Truss of abandoning some of Johnson’s most prominent policies and said that plans to curb benefit increases were “cruel” and unconservative at a time when people were struggling to cope with the cost of living. Dorries added that the government was “lurching to the right” and abandoning the centre ground to Labour…

… She said: “I understand that we need to rocket-booster growth, but you don’t do that by throwing the baby out with the bathwater. You don’t win elections by lurching to the right and deserting the centre ground for Keir Starmer to place his flag on..


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