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Liz Truss’s time is up

Q: "Ms Truss, do you agree with Mr Rees-Mogg that the mini-budget had nothing to do with the markets tanking?

A: "People were facing spiralling energy bills. This government has acted decisively to help these ordinary people facing spiralling energy bills."

Q: "OK, well that wasn't the question asked but moving on. Can you offer a guarantee that there won't be huge cuts in public sector spending?"

A: "People were facing spiralling energy bills. This government has acted decisively to help these ordinary people facing spiralling energy bills."

Q: "Are you OK? Would you like a cup of tea and a nice sit down?"

A: "People were facing spiralling energy bills. This government has acted decisively to help these ordinary people facing spiralling energy bills."
 
She's now committed to not making public spending cuts. Which is great, but where's the money meant to be coming from for these tax cuts.

Chaos doesn't really cut it as a description. There seems to be wild flailing about with the PM, Chancellor and BoE all saying and doing different things day to day.

Never mind confidence of the markets, they don't even have confidence in each other.
 
She's now committed to not making public spending cuts. Which is great, but where's the money meant to be coming from for these tax cuts.

Chaos doesn't really cut it as a description. There seems to be wild flailing about with the PM, Chancellor and BoE all saying and doing different things day to day.

Never mind confidence of the markets, they don't even have confidence in each other.

Oh, come on, she's not committed to anything, whatever she says today could easily change within days or weeks.
 
I'm just watching PMQs. Is she actually mentally ill? And I don't want to offend people who are btw. But I'm serious. She seems totally crazy and at times incomprehensible. It must be baffling to face up to that for Starmer, who for all his faults is very smart and highly eloquent, given his background as a leading prosecutor. It's painful.
 
Oh, come on, she's not committed to anything, whatever she says today could easily change within days or weeks.
Or indeed, within minutes :facepalm:

"No 10 warns government faces 'difficult decisions' about public spending"
 


Multiverse confirmed.


Basically any question, regardless of the question, she either went back to how she's saved us from a power bills crisis, or blaming everything on Vladimir Putin.

She's so hopelessly out of her depth. The face of Zawahi in the background (who founded YouGov which is currently putting her in the position of losing the election by the biggest landslide in living memory) was priceless. He could barely look.
 
Here’s a question: if a new Corbyn/McDonnell Labour govt in 2019 had faced a hostile City/IMF/Media/OBR within days of taking office would you all have piled in too? Without any sympathy for Truss we should be very wary of taking at face value the views of the above parasites on a governments programme. Any governments….
 
Here’s a question: if a new Corbyn/McDonnell Labour govt in 2019 had faced a hostile City/IMF/Media/OBR within days of taking office would you all have piled in too? Without any sympathy for Truss we should be very wary of taking at face value the views of the above parasites on a governments programme. Any governments….
You think it some kinda deep state set up?

Looks more like mainstream tools of capitalism telling a fellow capitalist to get her shit together. Very different to explicitly undermining a (slightly) radical challenge to the system.
 
You think it some kinda deep state set up?

Looks more like mainstream tools of capitalism telling a fellow capitalist to get her shit together. Very different to explicitly undermining a (slightly) radical challenge to the system.
I didnt make any reference to a deep state set up which is nonsense: and they are still parasites
 
I'm just watching PMQs. Is she actually mentally ill? And I don't want to offend people who are btw. But I'm serious. She seems totally crazy and at times incomprehensible. It must be baffling to face up to that for Starmer, who for all his faults is very smart and highly eloquent, given his background as a leading prosecutor. It's painful.

Well, he's had enough practice on the gibbering adolescent baboon who's been running the show for the last three years. I think he's probably fairly used to having shite flung at him over the despatch box.
 
Here’s a question: if a new Corbyn/McDonnell Labour govt in 2019 had faced a hostile City/IMF/Media/OBR within days of taking office would you all have piled in too? Without any sympathy for Truss we should be very wary of taking at face value the views of the above parasites on a governments programme. Any governments….
There are such different forces at play in your two scenarios (one imagined and one all too real), that you are comparing apples with lamp posts.

A Corbyn/McDonnell Labour govt in 2019 would have had a very hard won democratic mandate behind it (and all the millions of people that requires). Truss has 80,000 and falling disgruntled Conservative Party members.

None of which would guarantee the imagined social democratic victors of 2019, victory against the City/IMF/Media/OBR today; but they would be able to say to their supporters and detractors alike, look we've done it once already (at least in relation to the media, the City and possibly the IMF if not the OBR) in getting into government.

Cheers - Louis MacNeice
 
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Here’s a question: if a new Corbyn/McDonnell Labour govt in 2019 had faced a hostile City/IMF/Media/OBR within days of taking office would you all have piled in too? Without any sympathy for Truss we should be very wary of taking at face value the views of the above parasites on a governments programme. Any governments….
It wouldn't have happened. McDonnell made sure to be speaking to the City &c so even if they didn't agree with what he was planning they knew what to expect and would have been able to prepare. Kwarteng blindsided everyone.
 
It wouldn't have happened. McDonnell made sure to be speaking to the City &c so even if they didn't agree with what he was planning they knew what to expect and would have been able to prepare. Kwarteng blindsided everyone.
I'm sure McDonnell made his best efforts to reassure the city etc, but that doesn't mean something like this wouldn't have happened
 
I'm sure McDonnell made his best efforts to reassure the city etc, but that doesn't mean something like this wouldn't have happened
There would have been a dip. It would never have been as bad as this - the unpreparedness turbocharged the lack of confidence. Plus Kwarteng still hasn't indicated where the money is coming from so there is still huge lack of confidence that he even knows what he's doing.
 
Here’s a question: if a new Corbyn/McDonnell Labour govt in 2019 had faced a hostile City/IMF/Media/OBR within days of taking office would you all have piled in too? Without any sympathy for Truss we should be very wary of taking at face value the views of the above parasites on a governments programme. Any governments….
well, yeah, kind of. I'm still happy to my enemies fighting amongst themselves - and that doesn't mean they become my friends.
 
I'm sure McDonnell made his best efforts to reassure the city etc, but that doesn't mean something like this wouldn't have happened
The economic reforms of social democratic governments are generally geared towards growth, though. Pretty explicitly so normally.

Truss says what she's doing is geared towards growth, but it's not. It's dependent upon growth, which is entirely different.
 
It's a nice idea, but I find it hard to believe that an establishment that took such a scorched earth approach to Corbyn's electoral threat would have started to play nice once he was in power.

I know what you mean, but the financial markets bit of the establishment hates uncertainty more than anything, doesn't it? I'm not suggesting they'd have been pleased with McDonnell, but I wonder if a known change of ideology/direction might be less destabilising than obvious idiocy and incompetence of the sort that's happening now.
 
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