Liz Truss’s time is up

[MickiQ]

Some reports of Tory Vermin MP’s planning a rebellion against the barbarian Truss clique:

Liz Truss facing party pressure amid fears over pound slump

The pound’s value has dropped almost eight per cent against the US dollar in the past month

uk.movies.yahoo.com

Tbh I never thought that she would last more than 12 months in the job but mutterings after 3 weeks is awesome especially remembering that everything was put on hold for 2 weeks due to the Dead Brenda Show

As for the pound I'm sure it's just a co-incidence

 

[skyscraper101]

Letters already going in according to Sky News sources

 

[ska invita]

Their conference should be a laugh

 

[cupid_stunt]

Letters already going in according to Sky News sources

Posted at 09:59 on the live blog.

Liz is 'f*****' - former minister claims letters of no confidence already being submitted against the PM​

The disquiet with Conservative MPs over the mini-budget is growing.
One Tory MP who served as a minister under Boris Johnson has told Sky News: "Liz is f*****."
"She is taking on markets and the Bank of England.
"Her, Kwasi, Philp and Simon [McGee] are playing A-level economics with people's lives. You cannot have monetary policy and fiscal policy at loggerheads. Something has to give."
The source also claimed moves to trigger a vote of no confidence in Ms Truss's leadership were already underway:
"They are already putting letters in as think she will crash the economy. The tax cuts don’t matter as all noise anyway - mainly reversing back to the status quo this year.
"The issue is government fiscal policy is opposite to Bank of England monetary policy - so they are fighting each other. What Kwasi gives, the Bank takes away."
Another Tory MP told Sky's Rob Powell that Friday's announcement had been a "s***show".
The MP said they weren’t aware of any coordinated plan to vote down government legislation or take other action to show concern, but added they would not rule out something happening given the events of the last few days.

 

[two sheds]

Oooooh another leadership election

 

[skyscraper101]

Posted at 09:59 on the live blog.

It was quite funny hearing Kay Burley read that live on air with Ed Conway while only being able to hint at the unbroadcastable language.

 

[brogdale]

Interest rates were always going to rise anyway because it was the one lever available to the BoE and because the Fed are doing it, which impacts exchange rates. The difference is that now, instead of seeing rates peak at about 4%, I wouldn’t be surprised to see them hit 8% or 10%. Nobody I know even in middle England or in the halls of capital thinks that it is a good idea to reduce taxes in the middle of an energy and commodity shock, while also involved in a proxy war and with starting high debt ratios. This is all kinds of fucked.

"Analysts" reckon the markets are pricing in best part of 2% rise over next month!

 

[moochedit]

Oooooh another leadership election

Johnson will stand won't he?

 

[Jeff Robinson]

It goes without saying that the average Daily Sieg Heil reader has the knowledge and critical thinking skills of a glue gun, but are even they going to fall for this horseshit?

 

[moochedit]

It goes without saying that the average Daily Sieg Heil reader has the knowledge and critical thinking skills of a glue gun, but are even they going to fall for this horseshit?

Just checked the mail comments on that story and the top voted comment from "karen222" is "Whatever Kwami. We all know about your links to Hedge Funds now making a fortune shorting government bonds. Did you crash the pound on purpose? We all want an answer."

 

[kabbes]

Got to be a good chance that if they get rid of Truss, they’ll simply crown Sunak unchallenged.

 

[cupid_stunt]

Got to be a good chance that if they get rid of Truss, they’ll simply crown Sunak unchallenged.

That's what I am thinking, if this gets that messy I can't see them having another leadership contest.

 

[Jeff Robinson]

That's what I am thinking, if this gets that messy I can't see them having another leadership contest.

They've probably realised they can't give their lunatic membership a say on such matters any more!

 

[Artaxerxes]

Got to be a good chance that if they get rid of Truss, they’ll simply crown Sunak unchallenged.

Guess whose back,
Boris is Back.

 

[moochedit]

Got to be a good chance that if they get rid of Truss, they’ll simply crown Sunak unchallenged.

Iirc that happened when michael howard ran after duncan smith quit. depends if anyone else wants a go though.

 

[killer b]

Are we really extrapolating a leadership challenge on the back of some sweary anonymous briefing to journalists hungry for your clicks. Again.

 

[gosub]

That's what I am thinking, if this gets that messy I can't see them having another leadership contest.

Would be like demanding another go at rearranging the deck chairs on the titanic

Leave it to the MPC, and start thinking about ripping out the wood paneling in First class! - it floats! Anything that floats! Talk about how the actual Ttanic was an insurance job covered up through masonic influence later, when

 

[Kaka Tim]

I was expecting Truss to be shit. But for their to be serious talk about throwing her overboard after just three weeks in is gobsmacking. I think a lot fo people were expecting her loony campaing promises to be parked or fudged once she had to face economic reality - but she gone even further and doubled down. Cumming called her "The human hand grenade" - seems like an understatement.
So the options are -
1. She forges ahead in the face of market meltdown and inevitable interest rate rises which destroys the whole stated purpose of the budget (to promote "growth")
2. she is forced to ditch the budget (which pretty much destroys her government on day one) . Could Kwarting survive that? Could she?
3 they force her out - ( and yeah - I think they will do their best to dodge a leadership election and appoint Sunak.)

 

[Artaxerxes]

Are we really extrapolating a leadership challenge on the back of some sweary anonymous briefing to journalists hungry for your clicks. Again.

This pretty much.

I’ll believe the tories are killing each when they do and not before because we’ve seen over and over again they vote party before conscience again and a again despite individuals supposedly not approving of half the shit the government puts up to vote

 

[cupid_stunt]

Are we really extrapolating a leadership challenge on the back of some sweary anonymous briefing to journalists hungry for your clicks. Again.

Not really ATM, but the possibly is amusing.

 

[killer b]

But for their to be serious talk about throwing her overboard after just three weeks

is there serious talk about throwing her overboard?

 

[Jeff Robinson]

is there serious talk about throwing her overboard?

There are rumours in the press of MPs considering submitting letters of no confidence in her.

 

[SysOut]

rearranging the deck chairs on the titanic

she might see it as proof of strength of character to ram the iceberg to shove it away

 

[killer b]

There are rumours in the press of MPs considering submitting letters of no confidence in her.

that isn't 'serious talk' in my book.

 

[two sheds]

she'd only claim that tax cuts and austerity haven't been given a proper chance

 

[Jeff Robinson]

that isn't 'serious talk' in my book.

Not in itself no, but given the sheer scale of the backlash to the budget, its economic impacts and the many enemies Truss has already made in the party, I think the possibility of a rebellion fermenting pretty quickly is quite likely.

 

[cupid_stunt]

There are rumours in the press of MPs considering submitting letters of no confidence in her.

Yeah, but we had that for bloody months before hitting the required number for a vote against Johnson, which he won anyway.

 

[Petcha]

While it's fucking depressing to see what this gross incompetence is going to cause us all, it's also slightly amusing they've left a highly skilled Chancellor on the backbenches while this shitshow of 'talent' grapple with basic economics. And will surely finally lead to the end of the Tories for now

I have the (mis)fortune to work with financial analysts quite a lot and they can't believe what they're seeing. Fuck knows what Sunak is saying from up the back. Totally bonkers. We're now trading as a third world nation with a Chancellor who doesn't even understand the word 'recession'.

 

[Jeff Robinson]

Yeah, but we had that for bloody months before hitting the required number for a vote against Johnson, which he won anyway.

Still ultimately lead to his down fall - and we're literally talking about a regime that's basically only been in power 1 week if you subtract the dead lizzy period!

 

[Artaxerxes]

While it's fucking depressing to see what this gross incompetence is going to cause us all, it's also slightly amusing they've left a highly skilled Chancellor on the backbenches while this shitshow of 'talent' grapple with basic economics. And will surely finally lead to the end of the Tories for now

I have the (mis)fortune to work with financial analysts quite a lot and they can't believe what they're seeing. Fuck knows what Sunak is saying from up the back. Totally bonkers. We're now trading as a third world nation with a Chancellor who doesn't even understand the word 'recession'.

The phrase “Highly skilled chancellor on the back benches” is doing a lot of work there.