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Old 27-09-2022, 07:08   #373
denphone
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Re: New Prime Minister: Liz Truss

Quote:
Originally Posted by jfman View Post
Yougov polling over the weekend put Labour on 45, Cons on 28.

It turns out borrowing to make the vast majority of people poorer while making a small minority richer isn’t a solid macroeconomic nor electoral strategy. She’s toast before the next election if she can’t turn that round. With interest rates going the way they are, it’s hard to see how.

As Rishi Sunak the former Chancellor said - "We have to be honest. Borrowing your way out of inflation isn't a plan - it's a fairy tale."

The markets have already given their ominous verdict.
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