Truss was in power for weeks. Weeks. All the damage she did was short term, Gilt yields are far higher now, and They are the foremost problem. The LDI issues affecting pensions are a twenty year old problem, and in fact go back to Gordon Brown interfering with the private pension funding arrangements. It related to other issues on the bond market, term time and type, which are largely overcome, and were overcome very quickly actually. But they will come sgsin. The deficit was about halved between 2010 and 2015, but as I hope you know, the deficit is not the debt. Truly the Tories were useless, following tax and spend policies that passed the "BBC test". Yes, they had one of those! And even given the pandemic and Putin's war, the two biggest shocks to the economy in eighth years, still they trod the wrong path. They were useless, but even they had managed five months of growth, high employment and low inflation with more growth following until Reeves' budget. They were useless and I can see it. I don't wear a political shirt like a football shirt. Try taking the shirt off. You will see that this lot are even worse, which takes some doing.
There are some massive problems and we need a good government to start to fix them. I'd argue that the short term and adversarial nature of UK politics are hindering progress. Partly due to the poor quality of politicians we have, and they appear to be getting badly advised. Productivity is at the heart of some issues though I confess to not having deep knowledge of the factors and impacts. The work ethic is not there with a lot of people and I can understand why when the system is geared to squeeze the most out of workers for very little reward. Many are grafting hard just to survive rather than to make money. Does this lead to mindsets of why should I put 100% in, or even get a job in the first place, when I don't see any benefit from it?
It was discussed on last night's Newsnight, not looking good. Hopefully the "fairer" budget steadys the ship. Good points marra, but I'm happy to put my faith in Labour doing a better job than the tories managed in 14 years of destruction.
Argh that’s alright then - she knocked £400 billion off all our pensions in a coke filled splurge. The markets loved it. That’s why the Tories got rid of her. Take your shirt off cos the Tories caused this clusterfck you need to own it. They fckd the country and there is one hell if a mess to clear up.
I lived next door to a benefit cheat when I was younger, drove my dad bonkers, he believed nobody not working should get more than someone working for a living but these lads have benefit cheating off to a fine art.
