maomao
普費斯
The problem for most Tories is not the economy, it's the polls. Keeping Truss would be suicidal.
Liz Truss’s time is up
- Thread starter Dogsauce
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maomao
普費斯
He's not leading us out of it, he's leading us into a version that's more palatable for markets.
cupid_stunt
Chief seagull hater & farmerbarleymow's nemesis.
Sky is reporting, following the end of the BoE's support last week, there was still one big pension fund that would have been in serious trouble this morning if the markets had moved in the wrong direction, hence the panic.
This has got to be another nail in the coffin for Truss.
This has got to be another nail in the coffin for Truss.
I think they're already fucked on that score no matter what happens and they know it. It's all about damage limitation now.
bluescreen
tofu eating wokerati
He could save a bit by targeting the energy cap relief to households that really need it.
He could increase higher rate taxes.
He could increase CGT and IT.
He could cut defence spending back to where it was.
He could cut HS2.
He could introduce a tax on vapes. (Only joking.)
But none of that would balance the books would it...
He could increase higher rate taxes.
He could increase CGT and IT.
He could cut defence spending back to where it was.
He could cut HS2.
He could introduce a tax on vapes. (Only joking.)
But none of that would balance the books would it...
Pickman's model
Starry Wisdom
she says her interests are the party's interests and so is unlikely to quit on that basis
littlebabyjesus
one of Maxwell's demons
That's the traditional tory tax rise. Clobber everyone.
No, she won't. Like Boris she'll be dragged out of there kicking and screaming. I assume the Tories will be changing their leadership election rules after the Boris/Truss debacle where most of the parliamentary party quite reasonably wanted Sunak but ended up with 80,000 absolute idiots voting for an absolutely idiot. It would all be quite funny if it was fucking the country.
Lorca
Call in Sick Tomorrow
The Cuntinuity candidate (I thank you!)
But they can't agree on a vote winning alternative. And it's this that will mean Truss stays.
It was just a temporary rise from 17.5% to 20%. Like the 15% to 17.5% before it. The direction of inevitable change wasn't specified...
littlebabyjesus
one of Maxwell's demons
It would be entirely in keeping with Truss's Thatcher tribute act. Doubling VAT was one of the first things Thatcher did.
Jeremy Hunt is either the luckiest politician ever or the canniest. I mean this time last week he was probably sitting in his little backbench office playing wordle. And now he's in charge of the economy and a serious contender to be PM by next week
He's already PM. And he's not lucky to be either.
cupid_stunt
Chief seagull hater & farmerbarleymow's nemesis.
Jeremy Hunt is either the luckiest politician ever or the canniest. I mean this time last week he was probably sitting in his little backbench office playing wordle. And now he's in charge of the economy and a serious contender to be PM by next week
TBF, Hunt was due to do the media rounds this morning, but pulled out at short notice, so there probably wasn't time to find a replacement to do it.
He was on holiday
Pickman's model
Starry Wisdom
doesn't really speak to his prime ministerial ambitions, if he arranges and then ducks out
Pickman's model
Starry Wisdom
and in the dustbin of history in a fortnightJeremy Hunt is either the luckiest politician ever or the canniest. I mean this time last week he was probably sitting in his little backbench office playing wordle. And now he's in charge of the economy and a serious contender to be PM by next week
Pickman's model
Starry Wisdom
there isn't a vote winning alternative. but the question for the tories is do they want sufficient members after the next election to form a shadow cabinet without having to double up portfolios?
I don't know. I think if he 'saves' the economy he'll come out of this very well. The longer Truss stays there though the better, objectively. Let's see how things stand at COP today.
Pickman's model
Starry Wisdom
it is fucking the country
Pickman's model
Starry Wisdom
the problem is that growing the economy means fucking the planet. and it's not fucking the planet 200 years down the line but right now.
cupid_stunt
Chief seagull hater & farmerbarleymow's nemesis.
It was because he suddenly had to change his schedule, bringing forward his forthcoming announcement, after his meeting with the BoE last night, and their warning about one big pension fund could collapse this morning.
Pickman's model
Starry Wisdom
now it'll just collapse tomorrow, conveniently rearranged
Pickman's model
Starry Wisdom
there'd be nine big pension funds standing on the wall
bimble
floofy
Would like to understand this too. There’s obviously a big serious sudden disaster that they’re scrambling to avert but I don’t really get what it is. Maybe BOE couldn’t bail the pension funds or the banks out if gov borrowing rates go impossibly high.
Pickman's model
Starry Wisdom
let's wait until he is leading us out of economic doom
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