FFS, she's trotting out 'difficult global environment' already ... ... yes pet, we're a country in a world full of other countries! Wasn't Brexit supposed to allow us to plot our own course, do better deals and leave Europe standing. This is all very poor, just endless Lee Johnson speak and no substance.
Good job there was nothing happened between Brexit and now that may have created a difficult global environment.
I watched the Liz Truss interview with Beth Rigby yesterday on Sky and have to say, I don't think we have EVER had a PM that is so out of their depth more than she is. She hasn't got a clue what is happening. Her utter contempt for working families who struggle to feed their family and heat their homes is laid bare by her policies to make rich people richer. She is aided and abetted by Jacob Rees Mogg...an absolute parasite who should be no where near government. I thank god I will never have to live in the UK under her administration....horrific times for the UK
I’d hardly call a £65bn intervention from the BoE a minor tweak. I’d hardly call what’s happened with mortgages a roaring success either. The definition used on 23rd was broader than just the pound, there was plenty of talk of the immediate impact on the cost of borrowing too. Credit to you though, there’s not many trying to still spin this in the Tories favour. Even half the Tory MP’s aren’t but you keep hanging in there until the last.
Yet we’re the country in the G7 coping worse with the global environment. We’d set ourselves a lower bar to achieve too thanks to Brexit but still haven’t got there. https://www.ft.com/content/4edae69b-c82d-49fb-ae5a-03d14ca8caa6
I'm not trying to spin it in anyone's favour. Just playing by the rules set by others here. If a crashing pound over a week is a catastrophe, a rising pound over a week is a success. Tories, Labour, I don't care.
Yes, an absolute lightweight. A consequence of the churn, she just happened to find her star rising through no great effort of her own at the time they ousted Johnson. It's also a consequence of modern politics. No intellectual horsepower required, just don't give any indication that you've got a mind of your own and you'll go far. Thankfully she's probably the final fart of this political generation.
When you think about it why would any normal person want to be a MP. apart from people who want to live the life like pigs at a trough trousering as much expenses as they can get.
This evil bitch won't even guarantee BJ's assurances that folk on benefits will receive the rise of inflation. £650 cost of living payment, £150 council tax rebate, £400 energy credit, £150 payment for people claiming disability. Far too much furlough money was handed out during lock down. That's more than enough dosh that has been handed out for a lot of people. At least Boris handed more than enough credit out to get people through to next year, fairly comfortably. If people haven't that's on them for not managing their money correctly. Everybody wanted rid of Boris, so stop crying, you've got what you wished for and now it's going to be really **** until Starmer gets in.
You’re ignoring the very, very expensive BoE intervention though. Declaring the mini budget a success because of the rising pound whilst ignoring one of the main factors behind that rise is spin.
Just like everything else in the mini budget was ignored so it could be declared a disaster over the cut to the top rate of income tax. Rules is rules.
Even when Starmer gets in it's a knocking bet they'll just play the same game the Tories did in 2010. Actually having to do anything, to put your name to any decision or policy, is the absolute last resort for these people.
It was a disaster because of what it did to the pound, it was a disaster because of what it did to gilt bonds and borrowing rates, it was a disaster because of what it has done to mortgage products. It's only yourself, Truss and Kwarteng I've seen saying otherwise at this point.
The pound has recovered. A third of mortgage products were removed to be reworked - that means two thirds were still available, and the majority were on a fixed rate anyway and insulated from rate changes. Traditionally these rates have always risen and fallen. It's ****e if you were unfortunate enough to be committed to a course of action exactly at that point, I agree, but we take that gamble with every financial decision we make through our lives. How many gilt bonds does the average individual own. If it's only me, Truss and Kwarteng you've seen saying this kind of thing you really need to broaden your horizons. There are people saying similar on this very thread.