Weststander
Well-known member
At least someone spotted my deliberate misspell.
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[Politics] Liz Truss **RESIGNS 20/10/2022**
- Thread starter Ethelwulf
- Start date
At least someone spotted my deliberate misspell.
Never. Always thought he was a weird creep with his white mullet, gold bling, cigars, obsession with his mother and crap taste in music.
TomandJerry
Well-known member
- Oct 1, 2013
- 12,323
Liz Truss has refused to rule out real-terms benefit cuts to help pay for her government's tax-cutting growth plan.
The PM's predecessor, Boris Johnson, promised to increase benefits in line with inflation.
But asked whether she would maintain the commitment, Ms Truss told the BBC the government had to be "fiscally responsible" and bring debt down.
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The PM's predecessor, Boris Johnson, promised to increase benefits in line with inflation.
But asked whether she would maintain the commitment, Ms Truss told the BBC the government had to be "fiscally responsible" and bring debt down.
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- Jan 3, 2012
- 17,357
This exactly. Made my skin crawl….
The issue will be dealt with 'in the round' apparently.
Which means she will bin it, deeming it fiscally imprudent. Various allies will appear on the radio applauding her courageous and decisive management in these turbulent times.
There will then be an outcry and the Tories will lose another 5 percentage points to Labour.
A few days later Truss will announce a partial restoration to help 'working families' (amounting to a complete volte face). Various allies will appear on the radio applauding her courageous and decisive management in these turbulent times.
In systems similar to the UK system, yes - such as Australia, New Zealand. However, there are systems were the "head of state" is elected separately. Not sure we'd want it, but for example the US, France, Brazil - where the President is directly voted for by everyone and can be elected from a different party to the one that wins the most seats.
Well, 24 hours on and the 45p u-turn appears to have worked with the markets. GBP value is now up hovering around $1.14, and the 10 year gilt yield did eventually drift lower through yesterday and is this morning sitting a little under 3.9%.
That puts the pound solidly back where it was a few days before the mini-budget.
10yr Gilt yield, however, remains markedly higher than it was despite the BoE intervention and Truss u-turn.
And similar story with mortgage rates. Now the banks have put them up, they won't be quick to bring them back down (especially with an expected BoE base rate hike in Nov).
So the damage has been done, and so far the impact of BoE and Truss actions has been to stop the rot rather than repair much of the damage.
That puts the pound solidly back where it was a few days before the mini-budget.
10yr Gilt yield, however, remains markedly higher than it was despite the BoE intervention and Truss u-turn.
And similar story with mortgage rates. Now the banks have put them up, they won't be quick to bring them back down (especially with an expected BoE base rate hike in Nov).
So the damage has been done, and so far the impact of BoE and Truss actions has been to stop the rot rather than repair much of the damage.
Papa Lazarou
Living in a De Zerbi wonderland
And Kwasi's mates made a killing on the drop and rise of the pound. Job done.
Thunder Bolt
Silly old bat
Once upon a time, people got arrested for insider trading.
Hotchilidog
Well-known member
- Jan 24, 2009
- 9,130
A government of spivs for spivs. Utterly contemptible number pushers playing with the lives of the population for profit.
Nobby Cybergoat
Well-known member
- Jul 19, 2021
- 8,632
It will almost certainly be binned now. But really this is because they now have little choice, they've boxed themselves in with their own incompetence and it will be the vulnerable who will pay the price.
All government departments will be getting below inflation increases (again, from here, there really is little choice) which means all the public sector will be getting real terms pay cuts, which means we'll be having a winter of strike action like we've not seen for decades.
Nobby Cybergoat
Well-known member
- Jul 19, 2021
- 8,632
A peerage is more probable than arrest
- Aug 24, 2020
- 7,156
I'm still trying to get my head round all that has happened since Liz Truss became PM.
The first couple of weeks of her tenure were occupied with the Queen's funeral, so we're talking maybe 2 weeks of the cyclone hitting the country.
She's the Bruce Lee of Prime Ministers. Live fast, die young.
The first couple of weeks of her tenure were occupied with the Queen's funeral, so we're talking maybe 2 weeks of the cyclone hitting the country.
She's the Bruce Lee of Prime Ministers. Live fast, die young.
- Aug 8, 2005
- 27,242
Asked this morning if she trusts her chancellor she refused to say yes. That's a few weeks in and she can't even back the bloke she appointed. Not great. What is she doing? I've gone from thinking she was being brave and trying new things to agreeing with you lot that she is clueless. Help. Who to vote for now!
sydney
tinky ****in winky
i was about 10 when both were around , i actually went to a fancy dress party as jimmy saville about a week before his shit hit the fan .......
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Thunder Bolt
Silly old bat
Sue Ellen caught out. I know she's not Truss but as bad.
[tweet]1576972131761782784[/tweet]
[tweet]1576972131761782784[/tweet]
nicko31
Well-known member
This will of course be hard to prove but when you get this being picked by The Times it suggests this is more than just a wild conspiracy theory. The optics are appalling...
Bold Seagull
strong and stable with me, or...
This is a bit like my mate who trying to sound part of a conversation on Italy said he'd lived there. When pushed on this it was for 2 weeks a couple of years previous. His holiday basically.
