Liz Truss Resigns [Who'll be the next Prime Minister?]

I see Truss/Kwarteng are taking the US Vietnam War approach to our Economy…

To paraphrase

It became necessary to destroy the country to save it

[jfman]

By the country I assume they mean the working people. By save it I assume they mean the finance sector.

Much emphasis is on “supply side reforms” - if the costs of materials are going up, energy is going up the only thing that can come down is wages.

Originally Posted by 1andrew1

Is it unusual for these things to come out into the open so quickly?

https://www.theguardian.com/uk-news/...-trusss-advice
https://www.thetimes.co.uk/article/l...mmit-573sg09tm

Stop trying to make something out of nothing.

Conservative chair Jake Berry

People know when they get their bills, they can either cut their consumption or get higher salaries or higher wages and go out there and get that new job

https://news.sky.com/video/cut-consu...chair-12710016

In totally unrelated news on people looking for jobs with higher wages, during this interview he confirmed that

he attended champagne reception with hedge fund managers and Kwasi Kwarteng after mini-budget.

He tells @SophyRidgeSky it was broader than just hedge fund managers and included property developers

So basically he’s saying to healthcare workers, shop workers, cleaners, etc. "have you tried not being poor?"

And if all those people move to higher wage jobs (he somehow managed to leave out how this happens), who will do the low-wage essential jobs?

[1andrew1]

Originally Posted by Maggy

Stop trying to make something out of nothing.

Why do you feel it's nothing?

Originally Posted by Dave42

'Multiple' Tory MPs may join forces with Labour to bring down parts of mini budget, writes Lewis Goodall

https://www.lbc.co.uk/news/tory-mps-labour-mini-budget/

I think that cuts to the hear of the matter - who votes for and against it. Truss has got the opportunity of Conference to persuade her MPs to vote for it.

[Dave42]

Originally Posted by 1andrew1

Why do you feel it's nothing?


I think that cuts to the hear of the matter - who votes for and against it. Truss has got the opportunity of Conference to persuade her MPs to vote for it.

well less than half of her MP's voted for her and quite a few not going to there conference

[RichardCoulter]

Originally Posted by 1andrew1

Why do you feel it's nothing?


I think that cuts to the hear of the matter - who votes for and against it. Truss has got the opportunity of Conference to persuade her MPs to vote for it.

I find it unusual that what is supposed to be a private meeting between the monarchy & the PM is public knowledge.

One of them doesn't know how to keep their mouth shut. Which one has years of experience in discretion and which doesn't?

---------- Post added at 17:46 ---------- Previous post was at 17:44 ----------

Originally Posted by Hugh

Conservative chair Jake Berry



https://news.sky.com/video/cut-consu...chair-12710016

In totally unrelated news on people looking for jobs with higher wages, during this interview he confirmed that



So basically he’s saying to healthcare workers, shop workers, cleaners, etc. "have you tried not being poor?"

And if all those people move to higher wage jobs (he somehow managed to leave out how this happens), who will do the low-wage essential jobs?

He's regarded as a useful idiot according to this:

https://metro.co.uk/2022/10/02/kwasi...etroukfacebook

Tory Party chairman is about to get Brillo’d on Channel 4. George Osborne and Ed Balls are already putting the boot into Truss & Kwarteng.

[jfman]

https://www.theguardian.com/politics...-minister-role

Peerages for betting against Britain. When can I get mine?

[RichardCoulter]

Just watched this mornings Truss interview.

She comes across as someone trying to sound confident, wise and knowledgeable, yet the silence whilst she processes the questions and the parrot fashion reference to the energy cap in response to each and every question shows that she is our of her depth and winging it.

From what she said about the Government help for energy costs (she said it should decrease inflation by 5%), I think that she will not raise benefits & pensions by inflation.

When specifically asked if pensions would go up by inflation in April as promised, she didn't say yes, she said "I am committed to the triple lock". I predict that pensions will go up by about 5% less than inflation.

They are now talking about benefit cuts as opposed to freezing them again. I'm not sure if the cut will be in real terms by freezing disability benefits etc or in actual terms by cutting them even more than what Cameron/Osborne did.

Originally Posted by Chris

Tory Party chairman is about to get Brillo’d on Channel 4. George Osborne and Ed Balls are already putting the boot into Truss & Kwarteng.

Think he is doing quite well considering the position he is in.

[OLD BOY]

Originally Posted by jfman

By the country I assume they mean the working people. By save it I assume they mean the finance sector.

Much emphasis is on “supply side reforms” - if the costs of materials are going up, energy is going up the only thing that can come down is wages.

How so? Working people are the big winners in this special fiscal operation and you are whingeing about the higher rate of tax being abolished, even though the yield of the rate was relatively insignificant.

As Liz has been saying today, look at outcomes rather than inputs. You are concentrating on these controversial but ultimately minor issues to try to rubbish the whole mini-budget.

[Dave42]

Originally Posted by OLD BOY

How so? Working people are the big winners in this special fiscal operation and you are whingeing about the higher rate of tax being abolished, even though the yield of the rate was relatively insignificant.

As Liz has been saying today, look at outcomes rather than inputs. You are concentrating on these controversial but ultimately minor issues to try to rubbish the whole mini-budget.

utter nonsense yet again OB only winners are the top 1% and the cost of borrowing is soring debt is soring and the engery companies keeping there profit only winner rest of us pay for it

and you forgot the BOE had to try save country from it own government even most tories that polled are against this

[OLD BOY]

Originally Posted by RichardCoulter

I find it unusual that what is supposed to be a private meeting between the monarchy & the PM is public knowledge.

One of them doesn't know how to keep their mouth shut. Which one has years of experience in discretion and which doesn't?

It’s just ‘imagined’, Richard. Like ‘The Crown’. The reporters weren’t present for private conversations and therefore they have to make their best guess, which, I dare say, is often wrong.

In this case, it is more likely that Liz was asked for her advice and she gave it. No stronger than that. The PM and the Monarch have respectful conversations with one and other.

---------- Post added at 19:37 ---------- Previous post was at 19:33 ----------

Originally Posted by Dave42

utter nonsense yet again OB only winners are the top 1% and the cost of borrowing is soring debt is soring and the engery companies keeping there profit only winner rest of us pay for it

and you forgot the BOE had to try save country from it own government even most tories that polled are against this

Don’t be ridiculous, Dave. The energy bills help costs far, far more than the small amount we are talking about from bringing the additional rate of tax into line with the higher rate. And if it brings in more income for public services, why object?

Ah, yes, it’s that little green devil sitting on your shoulder, isn’t it?

[jfman]

Originally Posted by OLD BOY

How so? Working people are the big winners in this special fiscal operation and you are whingeing about the higher rate of tax being abolished, even though the yield of the rate was relatively insignificant.

As Liz has been saying today, look at outcomes rather than inputs. You are concentrating on these controversial but ultimately minor issues to try to rubbish the whole mini-budget.

By "working people" I assume you mean those on substantially above average earnings.

---------- Post added at 18:58 ---------- Previous post was at 18:54 ----------

Originally Posted by OLD BOY

Ah, yes, it’s that little green devil sitting on your shoulder, isn’t it?

An early start tonight for OB's habitual insult of forum members despite knowing absolutely nothing about them.

It's entirely plausible to believe in a tax system based on the ability to pay without it being envy.

Dare I ask how the Conservative party deal with "supply side" issues with a diminishing currency and increased energy costs if it's not driving down living standards, wages and conditions for the Great British worker? (Which is unsurprisingly the part of the post you ignored).