We did, but everyone kept complaining about side issues. Sells papers though.
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I doubt they’d dare go through the ‘leadership rigmarole’ again...but I’m not sure how they avoid it.
Tory sentiment seems to be, ‘she has to go’. Talk of Mordaunt and Sunak as some sort of double act but again...I don’t know how.
From a political perspective I don’t care because I think the Tories have shot themselves in the foot once to often and their situation is irredeemable.
From the country’s point of view...please God just let it end and let’s have a Government that understand what they’re doing.
We did, but everyone kept complaining about side issues. Sells papers though.
None of those set the market into shock
Apparently,Kwasi Kwarteng had trouble getting a seat on the plane home from Washington last night,because nobody wanted him anywhere near business or economy.
I'm amazed that with all the blame and shame hurled at Truss and Kwasi, that no one has had a go at Andrew Bailey?
What exactly is he doing for his 600k a year?
Not only did he fail/ brave enough to put interest rates up a year ago. He also stood up in Washington, telling the Yanks that he won't bail out pensions anymore after Friday?
Result- free fall.
The other two you can understand, BUT IT'S HIS JOB!!!!
How the **** is he still in it?
Bear in mind that a dollar is now worth more than a euro, so it's not all about how weak sterling is. It's also about a strong dollar, always a flight currency in times of global strife.
I'm still puzzled as to how raising interest rates is supposed to control inflation which is caused mainly by the spike in energy prices? Sure it dampens consumer demand, but does consumer demand actually need dampening at the moment?
All it goes to show is that when it comes to a crisis or unknown circumstances the usual leaders are useless! This has always been the case though.
Increase the income of the poorest 50% or more and watch growth leap out at you. Bubble up is the way forward.