Originally Posted by Pat Vegas
I mean, I'm no economist but giving these measures 4 days before demanding everyone be sacked seems a little churlish. Shall we see where we are in 6 months or maybe even a year before getting hysterical????
Liz Truss has been in government for 12 years and shown very little signs of competence in any of her roles. Her MPs don't like her and she only got a narrow majority in a one-horse race once it got to the membership. Excuse me if I don't have much confidence in her
All fair comments, still don't think you can judge the CX mini budget after 4 days, though.
Yeah - I don't really understand economics anyway (started doing it for A level and gave up at the end of the first term and switched to English - a very wise move)
£ is now higher against the $ than on budget day.
I also binned economics......and shortly afterwards, college
Absolutely astonishing that the markets react this way to the 6th largest economy in the world dropping income tax 1p and eliminating 5% of tax on people that are a tiny % of the population.
The media and the markets should be ashamed of themselves. On the upside, insane overreaction like this means there is money to be made. I expect people will be piling in to GBP about now.
Same as 2008 really, but much smaller in scale.
My first degree was monetary economics at the LSE. And everyone knew this was a terrible idea except for a few loonies. A bit like the fact that there were a group of 6 called "Economists for Brexit" and everyone else knew that adding inefficiencies for no gain makes things worse.
The Bond and Forex markets aren't run by Corbynistas. If high finance/global capital all agree that it's a clusterfück then you can be pretty sure it is.
Cutting benefits to pay for tax cuts for the rich in a cost of living crisis. Great political look, which is why Lab is now 33 pts ahead.
Likewise saying you'll help with fuel bills and then crashing sterling so the average car now costs an extra six quid to fill up.
The only people who believe in this are ideological loons - Truss, Kwasimodo, JRM, Redwood etc. Basically economic flat-earthers.
If the City boys all say giving them tax cuts and bigger bonuses is a bad idea then what more evidence do you want?
and we are all destitute. It is absurd that this pitifully limited and mediocre woman is the PM. I want Bozza back so I can enjoy despising the fat dribbling c.unt again.
The witch hunt for Boris was despicable. I miss the bumbling fool
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