Apparently, being voted in by a few thousand old Doris's is all it takes. The United Kingdom has yet another Prime Minister none of us voted for ... ... this one is absolutely shocking. If Truss was voted in by France we'd all be pissing ourselves laughing about it.
Confirmation if ever we needed it that there won't be an election until the last possible day. Only 26 months to go. I wonder who'll be PM when that comes around. Weirdly it's a tricky time for Labour as well. In 2017 they did so well they spent the next two years strutting about like the next one was in the bag. If they can avoid that arrogance they'll be laughing. Unless the mini-budget starts working, of course. Then the Tories can play it as a bold gamble that paid off.
I agree, mid term following a good Labour conference speech during a period that would test any government. Voting intentions will change dramatically in the next 24 months
When minor regional journos are effortlessly tearing the PM to shreds we know the problems caused by Boris are a real and credible threat to our way of life .. ... the country is an absolute shambles and the Tories think they can excuse 12 years of ineptitude by endlessly saying 'it's a global problem'
How do you envisage it working from this point? I’m presuming by working you mean us seeing growth in the economy. Interest rates will go up by more than they would have prior to the announcement the BoE have said, that’s almost a given now. From there how do you envisage growth? It’s only going to put a tighter squeeze on more people meaning less spending, more business closures and more redundancy etc. it may not even reduce inflation all that much as this inflation largely isn’t demand driven and the weakness of the pound isn’t going to help in this regard. Are there any other measures by which you’d judge the success of the mini budget?
We'll see what the OBR forecast says next week and then we're waiting for the next part of the changes. Impossible to predict where it goes at the moment, but let's not let that get in the way of a good flap.
And you accuse others of debasing the discussion around politics. You could answer the question as to how you foresee scope for growth with the back drop of increased interest rates.....
I did answer the question - It's impossible to tell at the moment as we've only seen half of the plan. You not liking the answer doesn't mean it isn't one.
I'll rephrase the question then, or pose a different one if you will. Looking at our economy as it sits, if interest rates rise to say 4.5% in the next few months can growth of more than 2% still be achieved? If so, how?