Thread: Liz Truss Resigns [Who'll be the next Prime Minister?]
View Single Post
Old 13-10-2022, 20:47   #977
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 15,264
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
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.
https://twitter.com/Peston/status/1580620931487387651

---------- Post added at 20:47 ---------- Previous post was at 20:46 ----------

Quote:
Originally Posted by GrimUpNorth View Post
You don't think they'd be a bit wooden personality wise?
1andrew1 is online now