13-10-2022, 19:47
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#977
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cf.mega poster
Join Date: Dec 2013
Posts: 15,681
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Re: Liz Truss [Prime Minister]
Good thread from Peston.
Quote:
A couple of important things. First I am as confident as I can be that early next week Truss and Kwarteng will cancel their promise NOT to increase corporation tax by 6 percentage points to raise £18bn, in one of the most humiliating ever tax u-turns.
Second, I am equally confident that the Bank of England’s £65bn rescue package for overly indebted pension funds will roll off tomorrow without causing bond prices to fall off a cliff edge.
[snip]
But without the u-turn they would both almost certainly be evicted from office, probably within weeks. The point of the u-turn is that it would buy them time to rebuild their battered reputations. And for a prime minister and chancellor under lethal pressure, nothing is more precious than time.
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https://twitter.com/Peston/status/1580620931487387651
---------- Post added at 20:47 ---------- Previous post was at 20:46 ----------
Quote:
Originally Posted by GrimUpNorth
You don't think they'd be a bit wooden personality wise?
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