Truss and the economy.

Well it hasn't taken long for her to totally feck it all up has it? Was listening to a commentator yesterday who said one massive mistake they made was pricing in the cost of borrowing for this totally ridiculous tax cut in that they applied the interest rate of last week not the increased interest rate we will all face because of these policies. The OBR pouring scorn on the plans as well as the IMF, here is what an investment banker from the US had to say about it,
Dalio is the founder and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world.

Writing on Twitter, he said: "The panic selling you are now seeing that is leading to the plunge of UK bonds, currency, and financial assets is due to the recognition that the big supply of debt that will have to be sold by the government is much too much for the demand.

"That makes people want to get out of the debt and currency. I can't understand how those who were behind this move didn't understand that. It suggests incompetence.

"Mechanistically, the UK government is operating like the government of an emerging country - it is producing too much debt in a currency that there is not a big world demand for."

Thought we had hit rock bottom with Bozo but then along comes thick as pig shit, inept, hapless truss to take incompetence to never seen before heights! Appointed a chancellor who is obviously totally economics illiterate just because he was a supporter. Pension funds were on the brink of collapse until the Bank of England waded in today! The small group of tory geriatrics who voted for this imbecile won't care because they'll say well at least it isn't Rishi. May truss's stay in No10 be as short as it has been disastrous. Britain deserves soooo much better than this.

Apparently it is Starmer's fault!

Should this thread not be named Truss and the former economy.

Government calling on departments to draw up plans for cuts.

seadog wrote:

Apparently it is Starmer's fault!

Should this thread not be named Truss and the former economy.

You can start your own thread if you want.

VillageGreen wrote:

Government calling on departments to draw up plans for cuts.

So no bail out for social care, absolutely no chance of my parents getting into hospital via ambulance? We should all march on Westminster and demand their heads.

To think only last week Nigel Farage (remember him?) lauded this as the "best Conservative budget since 1986".

Virtually every Civil Servant that has spoken about Truss has described her as "crackers", mainly handed Cabinet jobs way beyond her ability as having her on the back benches would have been too much hassle. Somewhat like the Bungo Back of politics. However now she's actually in charge she has no one to tell her not to do stuff.

Alarm Bells should have rung when she gets rids of the permanent secretary to the treasury.

Earwegoagain wrote:

seadog wrote:

Apparently it is Starmer's fault!

Should this thread not be named Truss and the former economy.

You can start your own thread if you want.  

This is genuine.

[You must be registered and logged in to see this link.]

Hannan of course is an influential Brexiteer,

Clodagh Rubbish wrote:

Earwegoagain wrote:

seadog wrote:

Apparently it is Starmer's fault!

Should this thread not be named Truss and the former economy.

You can start your own thread if you want.  

This is genuine.

[You must be registered and logged in to see this link.]

Hannan of course is an influential Brexiteer,

My remark would have gone way over your head .mate. good to see you back on familiar ground, Nigel, Brexit, Brexit, Brexit......,..lets not forget that Liz was a remainer.
No wonder the Tories piss all over us is it?

Labour with their highest ever lead over the tories today which would see the tories completely wiped out. Those letters of no confidence will be flying in LOL. Go on truss you inept useless thick idiot who actually thinks she's 'not-for-turning' Maggie call a GE now. Tax cuts for the rich funded by more borrowing and massive public service cuts is a sure fire election winner!

The shite she was left with by Gordon Brown no wonder the poor wench has had to resort to such drastic action.

I hear that a pm has to be in for at least a year before the old letters of no confidence ploy will work.

When interest rates rise and the house repossessions soar, inflation is completely of control, and public services are decimated the marginal and 'red wall' tory MPs aren't just going to sit there while criminally incompetent truss and kwarteng say we're not for turning because the rich must have their tax cuts. The rules will be changed ASAP and this pair will go down history as having the shortest stint as PM and chancellor in history. Truss is already as good as gone.

Trouble is that now more than ever we need stability not another change at the top, however this pair a just fooking dangerous. Cuts to services to give wealthy people more money? Unbelievable. They haven't said it yet but cuts are coming to benefit's and this is meant to solve the cost of living crisis for us all? Truss isn't stupid you don't get to be PM without a modicum of intelligence and I think calling her thick gives her a cop out, she knows what she is doing and simply doesn't care about the man in the street. They hate anyone not able to look after themselves and believe that anybody can climb the ladder to where they are yet if we all did that who drives the lorrie's and buses, cleans the toilets and waits at their tables yet these are the people suffering to pay for these ridiculous cuts.
They won't call an election because they know they will get mullered, everyone needs to march on London and burn some posh cars, it really has got new too far now.

Earwegoagain wrote:

They won't call an election because they know they will get mullered, everyone needs to march on London and burn some posh cars, it really has got new too far now.

Burn some posh cars ??
Dreadful individual you are

Back to Truss just watched her on BBC with LK what an utter deluded robot she is
Beyond thick as mince and thats being polite

Savageandstrand wrote:

Earwegoagain wrote:

They won't call an election because they know they will get mullered, everyone needs to march on London and burn some posh cars, it really has got new too far now.

Burn some posh cars ??
Dreadful individual you are

Back to Truss just watched her on BBC with LK what an utter deluded robot she is
Beyond thick as mince and thats being polite

Have you ever been to Brixton? Riots work mate unlike tickle down economics. Seriously though what else will get results? Wait two years for an election? As always big on talk short on action.
Maybe there is time to bring Boris back? He was due to bring in rises in benefits matched to inflation yet these will be reversed and benefits are even likely to be cut further so that Quasimodo's mates in the city can buy some more posh cars with the money that they don't need. Did you know he was treated to a champagne reception after announcing his mini budget? No wonder they all take the piss with compliant thick electorate like you to deal with.

Why do brexiteers always revert to abuse?

Johnson lied to the Queen.
Kwarteng laughed at the Queen's funeral.
Truss told the King not to go to COP27.

King Charles I dissolved parliament.
King Charles III should do the same.

Get my boys into office as soon as humanely possible

I really do think we need to be humane about it, hang the traitors high.

seadog wrote:

Why do brexiteers always revert to abuse?

Never realized this hairy guy was a Brexiteer? He always calls me a vile Individual I think that's because I banned him a while ago.

Savageandstrand wrote:

Johnson lied to the Queen.
Kwarteng laughed at the Queen's funeral.
Truss told the King not to go to COP27.

King Charles I dissolved parliament.
King Charles III should do the same.

Get my boys into office as soon as humanely possible

Who are "your boys"? We've had enough of champagne socialists like you a long time ago. You all applauded when Boris was removed this is the future you should all own it now.

Can't wait to hear truss's explanation for the biggest and quickest U turn in history. Clearly kwarteng will get all the blame but truss only yesterday was saying it was the only way to grow the economy and was 100% sticking by it. The decision to abolish the 45p top rate of tax was clearly always a tory ideological one and for truss and kwarteng to make themselves look more Thatcherite and for no other reason. After demonstrating staggering levels of chronically poor judgement and incompetence, truss's and kwarteng's positions are now completely untenable and both must immediately resign.

Freathy wrote:

Can't wait to hear truss's explanation for the biggest and quickest U turn in history.  Clearly kwarteng will get all the blame but truss only yesterday was saying it was the only way to grow the economy and was 100% sticking by it.  The decision to abolish the 45p top rate of tax was clearly always a tory ideological one and for truss and kwarteng to make themselves look more Thatcherite and for no other reason.  After demonstrating staggering levels of chronically poor judgement and incompetence, truss's and kwarteng's positions are now completely untenable and both must immediately resign.

Nah, they are "the listening party now".

I think if they had dropped the higher rate of tax by a penny and the bankers cap by 1% it would have been fair but they didn’t and quite rightly have had shit thrown at them from all sides. Not the best of starts by jolly hockey sticks and farty!

The higher rate tax cut is only 5% of the cost of all their cuts, they still need to get cuts to benefits past parliament where it seems the general hatred of Truss outweighs the normal disregard Mp's have for the poor. Triffic innit we have waited about six months to get rid of Boris with the following farce to elect Truss and her answer to the cost of living crisis is to feck up the economy still further whilst charging the poor for it all. Can't say I didn't warn you.

You have to laugh at Truss with her latest attempt to find favour

Truss if you have to announce your charm offensive in the media, chances are you haven’t got the remotest clue how to be charming, so this is some kind of weird public warning in case people think you’re being odd. More likely you're simply malfunctioning

Or you are deeply, deeply cynical and insincere...and probably both