
Originally Posted by
drillerpie
What is happening is wrong on so many levels.
The Conservatives got a large majority for the policies Boris and Cummings set out, which included a high level of public spending on infrastructure, particularly in traditionally Labour-voting areas.
You can argue about whether that was promised in good faith or not, but it's not really the point. Truss has no mandate whatsoever to do what she is doing.
That's just the ethical problem. There's also the fact that it is balls-out, bat**** mental from an economics perspective. We've just restarted QE with inflation at 9% (officially, it's really probably more), but as GranthamPie pointed out they didn't have much choice because if they didnt, people's pension funds would've gone under by the close of business today.
And they've thrown the pound off a cliff at a time when the UK is already paying the highest prices we can remember for natural resources priced in US dollars. I can't believe what I'm seeing.