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Liz Truss’s time is up

Come to Britain oh skilled foreigners!

We can offer you -- checks notes -- less money than other Western nations due to the accelerating collapse of our currency and our entirely broken housing system, fewer job protections than in Europe, some of the most restrictive policies against unions of any major economy, and a social atmosphere of rampant xenophobia! Come bathe in our toxic rivers and consume the food which we're progressively making less safe! Want to make sure you'll be looked after if you get sick? Fraid not, we've been deliberately running down the NHS so good luck finding a dentist or seeing a GP! Thinking about having a kid? Lol don't bet on childcare. Oh and if you think you'll be welcome past the very moment you've stopped being useful we've some bad news for you ...

I don't reckon this will be pulling in the best and brightest any time soon.
 
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if the FTSE and pound continue to tank - and there are more polls like this one (or worse) - what are the chances of a u-turn? they will be under severe pressure from the all directions (not least her own mps) - but it pretty much buries her government from day one
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if the FTSE and pound continue to tank - and there are more polls like this one (or worse) - what are the chances of a u-turn? they will be under severe pressure from the all directions (not least her own mps) - but it pretty much buries her government from day one
View attachment 344394
I'd like to see her hit the ground, preferably from about 30,000 feet.
 
Come to Britain oh skilled foreigners!

We can offer you -- checks notes -- less money than other Western nations due to the accelerating collapse of our currency and our entirely broken housing system, fewer job protections than in Europe, some of the most restrictive policies against unions of any major economy, and a social atmosphere of rampant xenophobia! Come bathe in our toxic rivers and consume the food which we're progressively making less safe! Want to make sure you'll be looked after if you get sick? Fraid not, we've been deliberately running down the NHS so good luck finding a dentist or seeing a GP! Thinking about having a kid? Lol don't bet on childcare. Oh and if you think you'll be welcome past the very moment you've stopped being useful we've some bad news for you ...
Oh, and you know that smiley old woman who some of you liked when she visited and waved at you? Well...
 
Well this all seems totally legit:

Top Liz Truss aide Mark Fullbrook paid through his private company

The prime minister’s chief of staff is being paid through his lobbying company in a highly unusual arrangement that could allow him to pay less tax.
Mark Fullbrook insists he is not being paid through his company for tax reasons and has obtained no tax benefit from the arrangement. However, he is refusing to explain the agreement that lets him direct government strategy without being directly employed by the government.
Previous holders of the role have been treated like any other special adviser (Spad), appointed on a temporary civil service contract and paid a salary that is made public. Fullbrook is instead a contractor and will receive any payment through Fullbrook Strategies, a private lobbying company he created in April but which he says has suspended commercial activities.


One Whitehall source said it was “unheard of” for a No 10 official of his seniority to be employed in this way although Fullbrook disputed this. It is unclear what the implications of the arrangement are from a financial and transparency perspective....
 
its party policy bring back the schemes that higher earners used for tax avoidance
and to high light it a member of the prime minister staff exploiting it


but don't worry trickle down economic is a viable policy


jesus how angry do you think gary barlow and the rest of the guys caught over the last decade or so are atm
 
if the FTSE and pound continue to tank - and there are more polls like this one (or worse) - what are the chances of a u-turn? they will be under severe pressure from the all directions (not least her own mps) - but it pretty much buries her government from day one
View attachment 344394
Can’t imagine a u turn here. This bullshit is driven by actual politics not focus groups. The politics are fucking rotten and workers’ and others know it.
 
Can’t imagine a u turn here. This bullshit is driven by actual politics not focus groups. The politics are fucking rotten and workers’ and others know it.
yeah - but will that hold when the BofE has to massively jack up interest rates to protect the pound and the FTSE keeps heading down? It will be the likes the CBI, their own mps (and voters), and the big city investors who will be screaming blue murder - "money talks and bullshit walks" and all dat. Cos what they are doing isn't only utterly immoral - its economically insane.
 
Can’t imagine a u turn here. This bullshit is driven by actual politics not focus groups. The politics are fucking rotten and workers’ and others know it.
More rotten than that. So Truss and mates line their pockets thorugh what is going to be another year of tumoil. Tehn we get an election, which I can't see the tories winning. So who ends up in power? Keith who isn't sure strikes that meet legal thresholds should be supported. At least Tony Blair PM was at least an anagram of I'm Tory Plan B . Keith doesn't even both with that
 
yeah - but will that hold when the BofE has to massively jack up interest rates to protect the pound and the FTSE keeps heading down? It will be the likes the CBI, their own mps (and voters), and the big city investors who will be screaming blue murder - "money talks and bullshit walks" and all dat. Cos what they are doing isn't only utterly immoral - its economically insane.
MPC has to shadow the Fed to a certain extent anyway, hate to tell you this but Jerome Powell said he's going after inflation, interest rates 4.6% in US by middle of next year.

Think he's right to do so as well, but 'hard landing' is not the word. BRACE! BRACE! BRACE! and soon
 
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Other side of that though.


It is going to be tough BUT we do have the Red Ruth Lithium, fracking stateside has lower emmisions quite a bit (but the earthquake thing, Airbus wings are switching to composite so might be OK), and due to the unique way things are funded ample scope for Kenyesian infrastructure spends (unlike China) Shame about borrowing already being above 100% of GDP but what can you do May should never of decommissioned Rough
 
MPC has to shadow the Fed to a certain extent anyway, hate to tell you this but Jerome Powell said he's going after inflation 4.6% in US by middle of next year.

Think he's right to do so as well, but 'hard landing' is not the word. BRACE! BRACE! BRACE! and soon
going to be very ugly I fear.
 
going to be very ugly I fear.
nobody can really see past it thats the problem. But I think a lot of people in financial services are going to have the opportunity to do something more worthwhile with their lives. Not hard to make money when they keep fucking printing it, tides turned
 
yeah - but will that hold when the BofE has to massively jack up interest rates to protect the pound and the FTSE keeps heading down? It will be the likes the CBI, their own mps (and voters), and the big city investors who will be screaming blue murder - "money talks and bullshit walks" and all dat. Cos what they are doing isn't only utterly immoral - its economically insane.
Recession, interest rises etc look baked in already.

So I suppose if those things are to have supermassice political implications quickly, I'm looking for a really rapid shock that shakes things up beyond that in a matter of a week or a day, like events that used to be labelled along the lines of 'Black Wednesday'. Something that shreds the tories economic reputation in an instant. Something that causes real shock to reverberate and policy u-turns to occur at speed.

I dont know if we'll actually get that, but I wouldnt rule out the possibility. If it doesnt implode that dramatically, I cant say I relish the prospect of people suffering only in slow motion the realisation of what high interest rates, high inflation and a historically weak pound mean.

Likewise narratives about 'disaster capitalism' dont surprise me but I dont think they tell the story properly, that angle strikes me as being something narrow that grew to fill some dissatisfied left-wing activist needs during some decades of relative stability and dull mainstream economic consensus where the left were out in the cold and those in the driving seat had few major challenges. Bigger, broader stories will surely unfold if the turmoil is much broader. Sure there are always opportunists ready to take advantage of any situation, but they are often a side-show that does not really cover the reasons why giant mistakes and shitty policies happen, nor do they hint properly at the changes that will come about as the result of dramatic failure. They offer an obvious target for outrage, but they are an inadequate explanation, and if the shit really hits the fan then far more will be required in order to meet the demands for explanation and a way out, a new approach.

I suppose if the recent policy announcements dont trigger a rapid implosion, and market reality turns out to be somewhere in between sudden shocking collapse and slow horror, then there will be other possible shocks this winter which could yet activate the potential for rapid political drama. eg if the energy situation, which has so far been framed in this country mostly as a cost of living issue, suddenly reveals that its also a story of supply falling short of demand, with immediate implications for everyday life.
 
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