That is typical of North London Labour's view of the working class. That they're thick serfs who should vote them in and then shut the **** up while Labour focus on Palestine
Isn't that precisely what the Tory message was for 10 years? Until Boris promised everyone bucket loads of dosh. But nobody has seen it and knew quickly that was what Boris did. Lie and say anything at all which would make him popular. Should have expected his no 1 Knicker dropper to do the same. Only difference being she believes she has found the magic money tree and we will all be living in paradise once its saplings have been buried in the palatial gardens of those who are already able to pay their way. A political fantasy.
Pound crashing to $1.05 overnight. The markets have made their statement on how they see the future of the UK economy - Liz has bungled it after only a few weeks. The future is looking very very dark for the UK.
Oh come on, it’s recovered to $1:06 now. Also below €1:10, which is a better indication of weakness of the £ - the $ has a higher interest rate than us it’s inherently more attractive,but the € is much lower, has taken a hammering against the $, and nobody thinks the EU is in great shape economically. But evidently better than us, at least since Friday. Potential reactions: - the markets don’t lie, it’s a necessary readjustment. Other currencies are suffering against the $ as well.The free market ideologue response. [well, the markets don’t lie, because they aren’t conscious. The ‘readjustment’ is only necessary because the algorithms say that the British economy is weaker than last week because of government policy. It’s a self fulfilling prophecy, we have just loaded ourselves up with more expensive government debt and a lower tax base. Genius) - Stop talking the U.K. down and being negative, ****ing scaremongers. The head in the sand ‘patriotic’ response. - It’s a plot by (select at will)- the EU, Soros, Gates, Megan and Harry, immigrants, the Illuminati,etc etc - to destroy the country, our ‘freedoms’, and corrupt our precious bodily fluids. The paranoid fascist response. The Bank of England will now have to put interest rates up again sharpish (it should have done more last week) in what will rightly be seen as a panic move. This will add cost to the bigger government debt. Truss and Kwarteng won’t budge an inch, they are ideologues who might actually believe the voodoo bollocks they are peddling. The benefit of capping energy prices on inflation is lost because the cost of imports, including oil which we pay for in $, soars. Unravelling pretty fast isn’t it? Not surprising given that everyone with any credibility said the policy was nuts and had never worked. Ministers refusing to comment on ‘market movements’. The good news is that Tory MPs are brilliant at getting rid of **** Tory leaders. Their problem is finding a decent one to replace the idiots they’ve binned.
If you take the Euro, the pound has dropped to where it was in the middle of last year. Markets don't like uncertainty, and it is recognised that Truss's new policy does have risk. So, we wait to see whether the policy brings in wealth to the UK, or whether Labour's proposal of putting public services before the private sector gets finds more approval.
New prime minister of Italy. Interesting she quotes English writer and philosopher, GK Chesterton The worm is turning...
Pound falls against every currency in the world after hitting all-time dollar low - live updates (msn.com)
Labour will re-nationalise railways.... A Labour Government Would Rentionalise The Railways, Louise Haigh Has Announced | HuffPost UK Politics (huffingtonpost.co.uk) Good.
The major fall is the US$. Truss's government will either fly on its new policy in the next two years, or fall on its nose and leave the door wide open for Labour
