Liz Truss’s time is up

[Pickman's model]

The Guardian took a look at the right wing press turning on her:

‘Pig’s ear’: Tory press raises doubts about Liz Truss’s future

Once-loyal papers such as the Sun and Daily Mail start to turn on PM amid financial turmoil

www.theguardian.com

Includes:

the prime minister is leading a team writing an updated edition, which will be entitled 'britannia unhinged'

 

[MickiQ]

I agree, though there's a chance windsor doesn't like women who cling onto positions of power.

Tbf to Chucky his Mum survived 70 years of dealing with 15 other prime ministers, she survived three days of Loopy Lizzie, he probably feels nervous meeting her.

 

[Kaka Tim]

The Spectator’s James Forsyth writes that the government is now facing a new problem. Amid rumours that government could make a U-turn on its planned cuts to corporation and dividend taxes, the market has rallied.

Now, Liz Truss can’t afford not to U-turn.


The problem for the government is that the markets are now pricing on a u-turn, so if they don't u-turn they will be in a worse position than they were 24 hours ago
— James Forsyth (@JGForsyth) October 13, 2022

lol - bascially

 

[brogdale]

lol - bascially

neoliberalism eating itself

 

[Rob Ray]

Seems to me she's not just the prisoner of her MPs' whims at this point but to the whims of major market players as well – a different beast to being ideologically captured by a particular faction. She was already signalling (bankers' bonus cap) that she recognises the City has all the power in its relationship with the government atm, and now she's entirely vulnerable to the ups and downs of buying and selling, in all its chaotic, contradictory, rumour-fuelled, cocaine-addled, "would you like to ask the audience" glory.

What's going to be interesting about this era, in terms of historic analysis, is looking at how the real "powers that be" move to discipline an errant servant who has, technically, gotten hold of the reins. Crushing though all this is to her as a Prime Minister, it's the gently gently version of what Corbyn would have been facing, had he not fallen at an earlier hurdle. I said it when he was first elected Labour leader, but I find it baffling that people thought Corbs would be able to achieve his objectives without the presence of a fully rebuilt extra-parliamentary power base to counterbalance what we're seeing now.

 

[Monkeygrinder's Organ]

One faction - the reality based non brexit headbangers -might resign the whip and bring the government down . not likely cos they will very likely be finishing their careers- but dont think it should be ruled out.

That group (as against the Dorries types) are probably far more likely to be the ones who'll slip into convenient directorships and consultancy roles once they're done with being MPs. It might be the end of their careers in parliament but it's not necessarily bad for their careers beyond that - not as bad as being chained to the Truss government anyway.

 

[two sheds]

I read that as "convenient dictatorships"

 

[Jeff Robinson]

Owen Jones does a good take down of this mad Truss supporter, but IMO it would have been better if he didn't answer her second round of deranged rambling. It would of been funnier if it was just followed by an embarrassed silence.

 

[Pickman's model]

Seems to me she's not just the prisoner of her MPs' whims at this point but to the whims of major market players as well – a different beast to being ideologically captured by a particular faction. She was already signalling (bankers' bonus cap) that she recognises the City has all the power in its relationship with the government atm, and now she's entirely vulnerable to the ups and downs of buying and selling, in all its chaotic, contradictory, rumour-fuelled, cocaine-addled, "would you like to ask the audience" glory.

What's going to be interesting about this era, in terms of historic analysis, is looking at how the real "powers that be" move to discipline an errant servant who has, technically, gotten hold of the reins. Crushing though all this is to her as a Prime Minister, it's the gently gently version of what Corbyn would have been facing, had he not fallen at an earlier hurdle. I said it when he was first elected Labour leader, but I find it baffling that people thought Corbs would be able to achieve his objectives without the presence of a fully rebuilt extra-parliamentary power base to counterbalance what we're seeing now.

There's no way red Jim callaghan would become Labour leader today. The most modest social democratic politics are anathema to mps

 

[Wilf]

I'd like to be pulling a lever attached to some rope myself.

Meeting Request

Required Attendance: Charles Windsor

Venue: Yekaterinburg Cellar

 

[Wilf]

Tbf to Truss on this one point only, what a curtsey and a bow look like has changed several times through history and she's the Prime Minister, if she curtseys like that a) it'll likely catch on and b) anyone with half a brain doesn't give a fuck anyway. It's not like a curtsey is an actual thing.

I'd give her tiny, tiny, tiny bit of credit if she didn't do it at all.

 

[emanymton]

Owen Jones does a good take down of this mad Truss supporter, but IMO it would have been better if he didn't answer her second round of deranged rambling. It would of been funnier if it was just followed by an embarrassed silence.

I like that even those supporting her recognise she needs to "make good" implying even they think she has been shit so far.

 

[brogdale]

Easy words, but where's the action?

 

[bluescreen]

Well, this is weird. Sky's Mark Stone tweeted that Kwarteng hasn't turned up to the meeting with G20 finance ministers at the IMF, sending his deputy instead. When he asked Andrew Bailey where the Chancellor was, Bailey replied that was a question for the Chancellor.

Apparently he was in a meeting with his German counterpart, which is obviously far more important for both of them.

 

[brogdale]

Well, this is weird. Sky's Mark Stone tweeted that Kwarteng hasn't turned up to the meeting with G20 finance ministers at the IMF, sending his deputy instead. When he asked Andrew Bailey where the Chancellor was, Bailey replied that was a question for the Chancellor.

Apparently he was in a meeting with his German counterpart, which is obviously far more important for both of them.

Almost certainly not quite what the journos are hoping for as a scoop, but clearly it's not a good time for Kwarteng to be abroad.

 

[littlebabyjesus]

Almost certainly not quite what the journos are hoping for as a scoop, but clearly it's not a good time for Kwarteng to be abroad.

... or at home.

 

[Pickman's model]

Almost certainly not quite what the journos are hoping for as a scoop, but clearly it's not a good time for Kwarteng to be abroad.

He said he wasn't going anywhere

 

[brogdale]

He said he wasn't going anywhere

Not coming home? Understandable.

 

[Artaxerxes]

Well, this is weird. Sky's Mark Stone tweeted that Kwarteng hasn't turned up to the meeting with G20 finance ministers at the IMF, sending his deputy instead. When he asked Andrew Bailey where the Chancellor was, Bailey replied that was a question for the Chancellor.

Apparently he was in a meeting with his German counterpart, which is obviously far more important for both of them.

It’s weird just how unavailable Truss and to a lesser extent Kwarteng have been. A lot of missed briefings or addressing a very small group rather than IMF, BOE

 

[redsquirrel]

I think I know where you're coming from in that last paragraph. Of course the markets, the economy are political constructs, a system created over centuries at sword, cannon and gunpoint as well as financial force, protected by establishments who have come to see them as 'natural', a force to be navigated.

Indeed. The (increasingly symbiotic) relationship of capital and state means the "markets" are political. The economic and political should not be split.

 

[two sheds]

Easy words, but where's the action?

Confidence trickster ​

kŏn′fĭ-dəns trĭk′stər
noun phrase

6. Leading to the feeling we've all been had.

 

[brogdale]

Goodwin is a prick, but that's gem.

 

[PR1Berske]

The Times is reporting in an exclusive that Sunak or Mordant are being lined up as replacements without a membership vote.

 

[pinkmonkey]

The Times is reporting in an exclusive that Sunak or Mordant are being lined up as replacements without a membership vote.

Yay democracy

 

[Raheem]

Yay democracy

Tbf, the will of the people is clear in at least one respect, so marginally more democratic than the process they used last time.

 

[Puddy_Tat]

 

[Bingoman]

Well Truss has at least the backing of MSP MP Douglas Ross on Question time

 

[Raheem]

To avoid holding the record for shortest serving prime minister in UK history, Truss would have to make it to 4th January.

 

[SysOut]

Goodwin is a prick, but that's gem.

View attachment 347029

Just nine per cent have a favourable view of Liz Truss

archived 13 Oct 2022 20:10:34 UTC

archive.ph

 

[cupid_stunt]

Just posted the news below on the Kwarteng thread, but it overlaps with this one - lots of talk about her going to throw Kwarteng under the bus in order to save herself, not that that will work, as they are joined at the hips on this. I think I'll see if I can put a bet on that lettuce.
----
According to some newspapers, Truss is planning another U-turn, probably on corporation tax, and is planning to do it whilst Kwarteng is away at the IMF's annual gathering.

Well, she needs to move quickly, because he's cut short his trip, and is heading back early.

Chancellor Kwasi Kwarteng has cut short his trip to the International Monetary Fund in Washington and is returning to the UK earlier than planned, as another major mini-budget U-turn is expected.

Mr Kwarteng was due to attend a final day of meetings at the IMF's annual gathering today. Instead, after a hasty briefing with journalists late on Thursday, he announced he would fly home overnight.

A source close to him dismissed suggestions that this represented a sign of panic.

Yeah, right.

Chancellor Kwasi Kwarteng to return to London from Washington early as major mini-budget U-turn expected

Mr Kwarteng had been due to return to the UK from the annual International Monetary Fund meeting later on Friday, but hasty changes were made.

news.sky.com