Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by jfman
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.
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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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“The only lesson you can learn from history is that it repeats itself”
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