Liz! Truss!

To my mind theres no grand plan here, if there was they’d be better, more thought out excuses being given, rather than the dead air and denial we saw yesterday.

This is the incredible part. To do this without any thought as to how it would look or how it would play out? And then not have any idea what to say when you get grilled about it? What the absolute ****? I put more thought than that in my my work meetings!

The obvious one was the radio Lancashire interview

Obviously fracking was going to come up, so obviously she would have prepared detailed answers…. Instead we get awkward silence and nothing

Edit many obviouses

@stevextc
Honestly i don’t think they were expecting any of it, and I’m also not convinced that truss or kamikwazi actually care about the damage they are causing, only in some abstract way which means they might have challenges in their quest to destroy the welfare state and government services

From that Guardian article on the previous page:

She was in total denial. Like an arsonist caught with a can of petrol.

Funny & tragic in equal measure.

Instead we get awkward silence and nothing

Given that she’d been hiding in a fridge for the previous 5 days, it does beg the obvious question as to WTF it was she’d actually been doing?

Pound back at £1.12?

Hanlons Razor?

I don’t think they acted maliciously, that’s reserved for immigration policy.

I think they had genuinely drunk their own Britannia Unchained cool-aid. They thought we’d be having coronation street parties and hanging a picture of our great Liz up with ones of Charlie the third in all the hallways of the land* at the news we were all getting tax cuts.

*on embossed Damask wallpaper for the full 70’s aspirational vibe.

BofE save the pound (and pension funds). Prepare for the inflationary effect of all that though. Cost of living over the next year being hit from all directions.

Im with tinas.

I think she really believes in it and that she thought the markets would as well. Narrow thinking and no dissenting voices around her and being encouraged by the hard right think tanks and loons.

Pound back at £1.12?

It was always going to bounce back a bit but I think the dollar weakened too due to the hurricane as it lost a bit of ground to the euro as well.

Pound back at £1.12?

And it only cost 65 billion in inflation-fuelling QE and a massive interest rate hike!

I think she really believes in it and that she thought the markets would as well

Unfortunately, Liz and Kwasi have read Milton Friedmans Chicago School Economics for Simpletons, which clearly stated ‘reduce taxes and you will encourage economic growth’ and they took that at face value

+1 with TINAS.

I think they genuinely believe this – and are so surrounded by the echo chamber of their own rejection of any other view, that they think that this *is* the correct course of action to take. They really do think it will turn our nation around. They really do not think it will have too much of an impact – and if it does, it is the great unwashed who need to get a better job…

I said with Little Alexander that I have never even considered going on a political protest before – and was thinking I may. I am now actively wondering how I can engage and influence the politics of this country – and not just at a General Election…

Pound back at £1.12?

and the repercussions of the enormous efforts required to attain that are only just beginning

At the end of the day, all this self-inflicted damage was completely avoidable and is simply the result of the arrogance and utter mindless stupidity of Truss and Kwatang

I am now actively wondering how I can engage and influence the politics of this country – and not just at a General Election…

Home

I think they genuinely believe this – and are so surrounded by the echo chamber of their own rejection of any other view, that they think that this *is* the correct course of action to take.

They have allowed themselves to be convinced that any dissenting voices to this madness are just ‘the orthodoxy’ and should be ignored while the job gets done. That includes the OBR, but the job is mostly done now so they can make a show of listening to them.

It’s an extension of the Brexit ‘had enough of experts’ philosophy, but turned up to 11.

Beware truss apologists banging on about £ rising against $ and €; BoE intervention and external factors are the drivers.
Markets have not changed their views about last week’s fiscal event.
Question ^^^ about council tax; the squeeze on LA budgets has started and will worsen so council tax, IMO, will increase by an average of c5% – possibly more.
Councils will prioritise children and adult services followed by education; revenue and capital budgets for highways, parks, open spaces, play areas, street cleansing, street lighting and other similar services will be slashed – some councils, I think, will deliver only those services which are statutory or legislative requirements.
That may be only the start.

Anyone else expecting the head of the OBR to resign soon? Like the standards guy did with Boris

Has anyone tried turning Britain off and on again?

Just a thought

Has anyone tried turning Britain off and on again?

Tried it. Still getting the Blue Party of Death.

Has anyone tried turning Britain off and on again?

Isn’t that what Truss is doing? Not sure about the back on bit though.

Anyone else expecting the head of the OBR to resign soon? Like the standards guy did with Boris

I’m not.

1) They’re not a government department, so it’s neither an elected minister or even a civil servant, just publicly owned and ‘sponsored’ by the treasury.
2) Their reports are public. Boris’ ethics adviser only reported to him. So if he was un-ethical you had no real way of knowing what had been said/advised behind closed doors.

Suggesting someone at the OBR quits over this is like suggesting the BBC* Director General resigns because of bad news. Unless that bad news was to do with the BBC then they’re just reporting on events.

*so I fully expect the Mail to call for both by the end of next week obviously.

Tried it. Still getting the Blue Party of Death.

Their reports are public

Like the one waiting on the new chancellor’s desk when he started in the role? Is that public? Did he act on it? Or did he rubbish it and keep it private. They work for him ultimately. They can’t publish without his say so.

Like the one waiting on the new chancellors desk when he started in the role? Is that public? Did he act on it?

Unless I’ve miss-read the news, they COULD have prepared him an updated report of the current situation last week, but he told them not to. So no report exists.

He didn’t then send them the details of the “mini-fiscal event” so no report of it’s forecast outcomes exists either (beyond the first draft they’re apparently giving him today).

They prepared him one setting out the course we were on when he started. Not published. You’re thinking of a report around the changes he announced in the mini budget… he didn’t ask them to produce one. In both cases it shows that they ultimately work for him, he can silence them if he doesn’t want us to hear their analysis.

Markets have not changed their views about last week’s fiscal event

Indeed. And there’s a very strong possibility – in fact it’s a certainty – that the OBR report will say that this whole thing is economic illiteracy on a biblical scale, that looks like it’s been mapped out by a 5 year old with ADHD by randomly shouting numbers

And when it does, what happens then?

I am now actively wondering how I can engage and influence the politics of this country

Matt for PM, free canoes for everyone!

Teehee

I don't think there's going to be a bounce. pic.twitter.com/rI4KIPDDsh

— Election Maps UK (@ElectionMapsUK) September 30, 2022

I don’t think there’s going to be a bounce.

I can definitely see a bounce in the second week.

It’s rather flaccid mind.

Matt for PM, free canoes for everyone!

Slogan:

Yes, that IS a canoe in his pocket!

ernie, are you referring to kwasi?
Does truss share your view?

The x axis, is that days or hours?

They prepared him one setting out the course we were on when he started. Not published.

They supplied a draft on the 6th, how close that is to complete is a different matter (I’d agree it could well have been a finished draft, but that’s not known?)

I can’t find the quote now, but in the last treasury select committee meeting with the OBR the wording was allong the lines of ‘this normally takes 10 weeks, we were commissioned at the end of July (so about 6 weeks to the 6th Sept) and will try to produce something that meets our minimum standards/obligations’.

Although we’re now ~10 weeks so maybe that’s why they’re meeting again.

They supplied a draft on the 6th, how close that is to complete is a different matter (I’d agree it could well have been a finished draft, but that’s not known?)

Probably fairly simple. Something like: ‘R You insane, bruv?’.

now it makes sense

Another one

*Only* 30pts

Westminster Voting Intention:

LAB: 50% (+10)
CON: 20% (-8)
LDM: 9% (-1)
GRN: 8% (=)
SNP: 5% (-1)

Via @PeoplePolling, 29 Sep.
Changes w/ 21 Sep.

— Election Maps UK (@ElectionMapsUK) September 30, 2022

I’m calling bullshit on that Star front page. The only demo day I’ve ever been to at Balmoral was for Santa Cruz.

Councils will prioritise children and adult services followed by education; revenue and capital budgets for highways, parks, open spaces, play areas, street cleansing, street lighting and other similar services will be slashed – some councils, I think, will deliver only those services which are statutory or legislative requirements.
That may be only the start.

At the previous local elections ‘we’ voted a Tory council in, in Cornwall.

So far all they have done is cut services, our local pool is closed along with a couple of others (in a seasside town there is now no public pool for children to learn to swim!) they’ve closed educational outdoor centers & are threatening to close the Royal Cornwall Museum.

There is an inkling of a plan.

Scrap sterling wreck the country.
Call election they’ll lose.

Then ride the wave of discontent to victory in the following election.