2022 mini-budget discussion

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JamesH85 said:
Jesus it's even worse than anyone imagined. Train wreck!!!
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No it it is basically exactly what Tory Leadership candidate Rishi Sunak predicted a few weeks back and people laughed at him for being 'project fear' this was clearly all to predictable just nobody wants to listen to experts delivering bad news in the UK.

“There will be a run on sterling. The gilts market will be in freefall. And the FTSE will tumble as global investors take fright and sell off every form of British asset. It might take only a few days, or the government might stagger through until the end of September, but before long Liz Truss and her new Chancellor Kwasi Kwarteng will have been forced to call in the IMF to stabilise a collapsing economy,” Sunak had said, The Spectator reported.
 
a1ex2001 said:
No it it is basically exactly what Tory Leadership candidate Rishi Sunak predicted a few weeks back and people laughed at him for being 'project fear' this was clearly all to predictable just nobody wants to listen to experts delivering bad news in the UK.

“There will be a run on sterling. The gilts market will be in freefall. And the FTSE will tumble as global investors take fright and sell off every form of British asset. It might take only a few days, or the government might stagger through until the end of September, but before long Liz Truss and her new Chancellor Kwasi Kwarteng will have been forced to call in the IMF to stabilise a collapsing economy,” Sunak had said, The Spectator reported
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This was going to happen no matter what, it does not matter now just sit back enjoy.
 
mid_gen said:
The BoE doesn't just out of the blue announce they're restarting quantitive easing unless something very serious was about go down.
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Feel. Like I'm on a roller-coaster with my peers with a load of rich people watching from side and kami-Kwasi on the controls.

He's turned the speed up to max approaching a tight turn. Evenyone can see we are about to derail but he's pushing on anyway.
 
Wonder what people like @Hagar are thinking now, with the possibility that their pension could be about to go down the ****er. Gone very quiet.
 
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413x said:
Feel. Like I'm on a roller-coaster with my peers with a load of rich people watching from side and kami-Kwasi on the controls.

He's turned the speed up to max approaching a tight turn. Evenyone can see we are about to derail but he's pushing on anyway.
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Truss and Kwasi have to either resign, or double down. There is no alternative where they retain credibility. They will take the country down with them.

We're in an inflationary crisis and the BoE has just had to initiate emergency money printing again to prevent major pension funds going insolvent.
 
Seriously, where is Thick Lizzy? She's spent ages campaigning for the top job based on her supposedly brilliant qualities, and now on the first sign of trouble she's vanished.

Satire is dead
 
mid_gen said:
Truss and Kwasi have to either resign, or double down. There is no alternative where they retain credibility. They will take the country down with them.

We're in an inflationary crisis and the BoE has just had to initiate emergency money printing again to prevent major pension funds going insolvent.
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Thanks for the translation.
The financial complex language in that article was too heavy for me
 
spaggyboy said:
Seriously, where is Thick Lizzy? She's spent ages campaigning for the top job based on her supposedly brilliant qualities, and now on the first sign of trouble she's vanished.

Satire is dead
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Much like the posters on here, they're quick to take pop shots but when the **** hits the fan they slither away like the little whiny ****es they are.
 
Tory MPs are in a pretty crap spot aren’t they. Their leader is tarnishing their reputation (even more), but calling no confidence this soon would also make them a laughing stock. Could they even call a motion of no confidence this soon?
 
Sui said:
Tory MPs are in a pretty crap spot aren’t they. Their leader is tarnishing their reputation (even more), but calling no confidence this soon would also make them a laughing stock. Could they even call a motion of no confidence this soon?
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55% of them don't need to feel bad about voting her out as they didn't choose her, they could all submit letters today and start proceedings for a confidence vote (They won't)
 
Sui said:
Tory MPs are in a pretty crap spot aren’t they. Their leader is tarnishing their reputation (even more), but calling no confidence this soon would also make them a laughing stock. Could they even call a motion of no confidence this soon?
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Apparently a new leader is "protected" for 12 months, but the 1922 committee can change the rules whenever they want.
Unless Truss resigns though I have to agree, they would look ridiculous
 
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