news & politics:discussion

[steviewevie]

 

 

[steviewevie]

[Guest]

41 minutes ago, steviewevie said:

 

 

They’d have even less of a mandate than Truss. 

[ian the worm]

45 minutes ago, steviewevie said:

[Zoo Music Girl]

I honestly don't know how to feel. It will be the fucking funniest thing in the world if Truss has to resign. But then won't the economy be even more fucked? 

Still hope it happens though.

[steviewevie]

6 hours ago, Zoo Music Girl said:

I honestly don't know how to feel. It will be the fucking funniest thing in the world if Truss has to resign. But then won't the economy be even more fucked? 

Still hope it happens though.

markets might react postively to her and Kwarteng going.

(and economy looks a bit fucked no matter what)

[Guest]

 

[Zoo Music Girl]

2 hours ago, steviewevie said:

markets might react postively to her and Kwarteng going.

(and economy looks a bit fucked no matter what)

Good point. Get em gone!

[Zoo Music Girl]

21 minutes ago, Ozanne said:

 

Gone by end of the weekend?

[steviewevie]

22 minutes ago, Zoo Music Girl said:

Gone by end of the weekend?

I reckon they will uturn on some of the tax cuts, and then go from there. Big question is whether bank of england stops with its bond buying thing today, and then how markets are on Monday. They could stick around and say they will postpone tax cuts for now as not the right time etc, but they are sticking with growth growth growth, and just have to see how polls react. I think they're fucked. It is a humiliating uturn for Truss.

Edited October 14, 2022 by steviewevie

[Neil]

10 hours ago, steviewevie said:

Kin'ell. Surely she has to go.

radio4 say she'll be getting a visit from tory elders to tell her to go, penny and rishi instead.

[steviewevie]

3 minutes ago, Neil said:

radio4 say she'll be getting a visit from tory elders to tell her to go, penny and rishi instead.

Bit sinister.

[Zoo Music Girl]

I was just reading a BBC article mentioning that Tory elders thing, but it also said there weren't many of them left as MPs after Johnson's government.

That article suggested Javid coming in as chancellor, which I hadn't thought of.

[Neil]

she's gotta go, asap.

[lost]

Javid seems a sensible choice. Ex-banker so will probably do what the markets want and steady things. 
 

Bit depressing though. Seems to suggest we may have PM’s with their hands tied behind their backs by the bond markets for potentially a generation until the covid debts have fed through.

[steviewevie]

we needed the mini budget due to huge amounts going on the energy bill thing, and the economy was already heating up with inflation and rising interest rates...so Kwarteng and Truss decided now would be a good time to do loads of unfunded tax cuts on top of it with no OBR analysis because they reckoned tax cuts are good and will lead to growth and that is all you need to know. If they had just stuck to the energy crisis payment then I expect we'd still be facing a tough few years, but their jobs would be safe. Maybe they could have thrown an energy company windfall tax in there for good measure.

Edited October 14, 2022 by steviewevie

[Guest]

Ah yes, it’s the bond markets who are the real problem here. Of course, for their supporters it’s never the Tories. 

[Neil]

12 minutes ago, lost said:

Bit depressing though. Seems to suggest we may have PM’s with their hands tied behind their backs by the bond markets for potentially a generation until the covid debts have fed through.

cant buck the markets, it take a tory shit show to fuck it up this badly

[steviewevie]

What would Corbyn do?

[squirrelarmy]

1 minute ago, steviewevie said:

What would Corbyn do?

Probably find a nice fence to sit on and talk about some other unrelated topic. 

[squirrelarmy]

Todays viewing is sorted. 
 

 

[lost]

26 minutes ago, Neil said:

cant buck the markets, it take a tory shit show to fuck it up this badly

Yep.. apparently Osborne created the obr to restrict any future Labour chancellors and he’s managed to screw his own party. Rishi must be loving this.

[steviewevie]

All these pesky independent institutions.

[lost]

Part of the reason Javid went originally wasn’t it? The obr wasn’t enamoured with Boris’s spending pledges though this has taken it to a whole new level. That’s why going back to Javid probably makes sense for the tories 

[Neil]

2 minutes ago, lost said:

 That’s why going back to Javid probably makes sense for the tories 

he once added-up and checked the bar bill at conference.