O/T:- ⚠️Impressed with the leadership [The UK Party Politics Thread]

[drillerpie]

Found a post on reddit with a graph that illustrates it pretty well!

https://www.reddit.com/r/wallstreetb...m_source=share

[GranthamPie]

Found a post on reddit with a graph that illustrates it pretty well!

https://www.reddit.com/r/wallstreetb...m_source=share

Yup… saw a similar one last night….the £ falls off a cliff since last week… I wonder what happened then?

It’s utterly bizarre that there are people including the treasury and Truss on the media rounds this morning, still defending last weeks “mini” budget, whilst leading economist throughout the world.. including former BoE Gov, Mark Carney saying the Government are undermining the BoEs attempt to control inflation and prop up the pound.

I’m 60…. I’ve never, ever seen such economic incompetence in Government in my lifetime. The thought that my (very small) company pension nearly went down the schit hole yesterday, sends shivers down my spine. Incompetence… negligence… call it what you will… these fcuking school kids in Government need removing… and quickly before more damage is done.

[countygump]

I was expecting some sort of humongous U turn, or possible the record broken for shortest serving PM ever. But as of yet, there's no backing down.


Next up, Liz Truss is interviewed on BBC Radio Nottingham.

The PM continues her defence of the government's mini-budget, saying the energy package is likely to reduce inflation and increase economic growth.

She reiterates the government has taken decisive action to help people with energy bills.

And Truss says it "simply isn't true" that the tax cuts announced on Friday will benefit higher earners.

"The biggest part of the package that we announced is the support on energy bills, making sure that people across this country are not facing energy bills of more than £2,500 and the businesses can get through this winter," she says.

She adds that it's not "fair" to have a recession or to not have high-paying jobs in the future because "we've got the highest tax burden in 70 years".

My advice. If you're gonna borrow a chit load of money in a time of crisis, use it to help those that the C.O.L and fuel crisis most affects. At least that way you might curry some support amongst the voters. For all I know her ''plan'' might well be a perfectly viable one. But it's certainly not a plan for this moment in time.