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

[Sephiroth]

Originally Posted by ianch99

You have admit the irony that Hunt, an "Arch Remainer", is asked to save the country from the "Arch Leaver" Truss.

Arch Weathervane.

[1andrew1]

Originally Posted by Damien

I think growth might well have been, and would be, higher right now if we hadn't departed.

Yup, the UK is the only G7 country not to have returned to its pre-Covid economy size. As per the FT video, we're looking at a £40bn tax hit every year. We need to fill this gap somehow through lower spending or higher taxes or both or find someway of reducing the gap.

What Hunt also needs to cover is the increased borrowing costs that the mini budget has left us with. Yes, he's undone most of the mini budget but the markets's confidence in the UK has reduced leading to higher interest rates, as Peston explains.

The point is that the mini-budget has increased the hole in the public finances by more than the direct impact of the mini-budget’s unfunded tax increases.

By undermining investors’ confidence in the government’s economic competence, the mini-budget increased the relative interest rate the government has to pay to borrow - and that caused an indirect but significant deepening of the hole in the public finances.

https://www.itv.com/news/2022-10-19/...uss-cannot-fix

Truss has just committed to the triple lock again.

Originally Posted by Damien

Truss has just committed to the triple lock again.

Wise of her.

[papa smurf]

Originally Posted by Damien

Truss has just committed to the triple lock again.

How long will this commitment last

[Dave42]

Originally Posted by Damien

Truss has just committed to the triple lock again.

remember she committed to her pledge no spending cuts last week how long did that last

[denphone]

Originally Posted by Damien

Truss has just committed to the triple lock again.

So in essence she has over-ruled what Jeremy Hunt stated the other day when he said everything is up for discussion regarding spending cuts.

Originally Posted by papa smurf

How long will this commitment last

Was this agreed with Hunt or did she just publically bounce him into it?

I suspect they'll keep it but the language will dodge if it will be kept after the next election should the Tories win. I think the budget on the 31st will do a lot of pushing for the biggest savings until after 2024.

[1andrew1]

Originally Posted by Damien

Truss has just committed to the triple lock again.

Not once but twice. Thereby contradicting her spokesman the other day and the interview that Peston had with Hunt before this.

Her approach seems to be as cynical as last week - say yes to things at PMQs and then go back on them before the next PMQs.

---------- Post added at 12:37 ---------- Previous post was at 12:32 ----------

Originally Posted by Damien

Was this agreed with Hunt or did she just publically bounce him into it?

I suspect they'll keep it but the language will dodge if it will be kept after the next election should the Tories win. I think the budget on the 31st will do a lot of pushing for the biggest savings until after 2024.

She probably told him a few minutes before PMQs.

I think they'll fudge it - say it will be postponed for a period of months or something.

The Tories have tweeted a graphic out saying the triple lock is confirmed so that's sorted, at least for today.

[Jaymoss]

Originally Posted by Damien

The Tories have tweeted a graphic out saying the triple lock is confirmed so that's sorted, at least for today.

Yeah the problem is what faith can we possibly have in anything they say? I mean normally we all know you can not trust a politician but the flip flopping going on this last month just means nothing they say holds even a drop of water

[pip08456]

A good line from Kier Starmer today.

Labour leader, Sir Keir Starmer, begins his questioning by describing a book about Liz Truss's time in Downing Street - it could be "out by Christmas", he adds, before asking if that's the "release date or the title?"

Source Skynews on Twitter.

[TheDaddy]

Originally Posted by Damien

The Tories have tweeted a graphic out saying the triple lock is confirmed so that's sorted, at least for today.

Steve Baker said on politics live the fund will be exhausted in 20 years anyway so triple lock or not expect it to be stripped back, mind you the buffoon also said the country needed a tory government to provide economic stability so I think his judgement is some what questionable

[1andrew1]

The question that was nearly asked in PMQs.

One of Liz Truss’s top aides has been suspended from his job pending an investigation, it has been reported.

Jason Stein is a special advisor to the prime minister and is facing an investigation by the Cabinet Office’s propriety and ethics unit.

The move follows anger from some Conservative MPs over briefings by Mr Javid was lined up to ask a question at prime minister’s questions on Wednesday, but ultimately did not ask it. The aide was reported to be suspended just minutes before prime minister’s questions began.

ITV News reports that Mr Javid had demanded the suspension in exchange for dropping his question to the prime minister – whose leadership is on the ropes.

Mr Stein was Ms Truss’s senior campaign advisor during her Tory leadership bid this year.

https://www.independent.co.uk/news/u...-b2205969.html

[papa smurf]

Originally Posted by Damien

The Tories have tweeted a graphic out saying the triple lock is confirmed so that's sorted, at least for today.

It seems it was agreed prior to PMQs