UK IX: This Economy Will Self-Destruct In...

[Cassius_Smoke]

And so, in the face of disbelief from global commentators and institutions and a feeling that Britain has gone mad, the government are holding firm to their plans and claiming that all market volatility can be blamed on Vladimir Putin. Makes sense. I guess that's why every currency is plummeting...

In fact I saw one comment that the market got nervous because of a prediction of a Labour government!!

[fishbowlhead]

In fact I saw one comment that the market got nervous because of a prediction of a Labour government!!

Is that because the market could no longer bung a tory gov to do whatever it pleased? Makes sense.

[Protocol Penguin]

Earlier I heard someone I know describe Liz Truss as a “lefty LibDem”. FFS!

[Golgo]

But the right wing press and commentators were only a day or two ago crowing their pride over this as 'A True Tory Budget'...!!!

[Protocol Penguin]

Unfortunately, a lot of public will swallow the crap that the upcoming economic crisis was deliberately started by Remainers and (((globalists))).

[Cassius_Smoke]

Yeah I was thinking about that today.
A true tory budget!
What, one that tanks the ****ing economy?! Sounds about right.

[Neon Ignition]

Someone rang into LBC and actually had the gall to say all this was down to a plot by Remainers

[wakka]

[fishbowlhead]

Well this is all going swimmingly, my grandkids should clear this debt up by the time they die I expect.

[Neon Ignition]

Tory MPs tell Truss: sack Kwarteng or face mutiny | Conservatives | The Guardian
Truss warned to ditch Kwarteng

Almost 1,000 mortgage deals pulled as panic grips UK housing market | Mortgages | The Guardian
The number of axed mortgage deals continues to sky rocket

Bank of England in £65bn scramble to avert financial crisis | Bank of England | The Guardian
The Bank of England makes a dive to save pension funds and shore the pound in a move that still isn't working

Labour membership rises as party ends conference buoyed by polls | Labour | The Guardian
Whilst Labour membership soars


The shortest serving UK Prime Minister ever lasted 199 days
Truss has done 22 days
Going for the record?

Good job she didn't go for a windfall tax... I mean, that really would have been what put off investing in the UK....

[fallenangle]

Are some people here really in favour of a Labour government?

The one consistent trait of Labour governments (and whilst we're at it councils too), is that they love making apparently plausible but really just idealist, extravagant promises, playing to the gallery, which they can never fulfill. They will try though by spending all the money the previous Tory government created until that runs out. But they still keep spending until the economy is in such a dire state you have to vote in the Tories to sort out their financial mess.

Cue years of austerity - then the roller coaster starts all over again.

What the solution is I have no bloody idea but if you want the country to dig itself into an even deeper financial hole, a hole for which the Tories are only partly responsible, then vote in a Labour government.

You really will get the authentic taste of the late 1970s when the Labour Chancellor Dennis Healey had to go cap in hand to the IMF to bail them out, three years of discontent later, strikes, Labour left-wing militantism all culminated in the election of Margret Thatcher. Then you can enjoy years of unemployment hell and the dismantling of much of the UK's unprofitable heavy industry as her government sorted out the problems with a sledge hammer.

I really don't want to go through all that again.

[Hirst]

We're getting on for 20 years of the Conservatives running the country. Labour haven't had anything to do with it since 2010 (not 2005!).

Their failed austerity policies have only caused the national debt to skyrocket as they simply don't work. They know this, they've had many years to look at the figures, but they kept pursuing them because their core voter base is turned on by any policies that cause the poor to suffer - even if it ultimately causes them to suffer also. A few years ago, George Osbourne had to abandon their longstanding pledge to return a budget surplus by 2020 as the idea they would ever do it was just starting to look comical. Despite this, we've had enough money to bail out gambling banks, fund the HS2 white elephant and - adopting a policy that made other countries think we have absolutely lost the plot - we decided to give free money to private energy companies. Following a huge cost-of-living crisis and enormous levels of strikes across pretty much every sector in the country - the country they have been running since 2010 - they have now managed to crash the economy with a policy of... tax cuts???

After all this, the narrative that the Conservatives can "sort out" our economy is laughable. When are they going to do that then? Do they need another 20 years? It's like me saying the reason I didn't get my work done yesterday is because I only got a B in GCSE Maths.

[Nu-Eclipse]

Are some people here really in favour of a Labour government?

The one consistent trait of Labour governments (and whilst we're at it councils too), is that they love making apparently plausible but really just idealist, extravagant promises, playing to the gallery, which they can never fulfill. They will try though by spending all the money the previous Tory government created until that runs out. But they still keep spending until the economy is in such a dire state you have to vote in the Tories to sort out their financial mess.

Cue years of austerity - then the roller coaster starts all over again.

What the solution is I have no bloody idea but if you want the country to dig itself into an even deeper financial hole, a hole for which the Tories are only partly responsible, then vote in a Labour government.

You really will get the authentic taste of the late 1970s when the Labour Chancellor Dennis Healey had to go cap in hand to the IMF to bail them out, three years of discontent later, strikes, Labour left-wing militantism all culminated in the election of Margret Thatcher. Then you can enjoy years of unemployment hell and the dismantling of much of the UK's unprofitable heavy industry as her government sorted out the problems with a sledge hammer.

I really don't want to go through all that again.

Is this an article from Newsthump or The Onion??

[Nu-Eclipse]

We're getting on for 20 years of the Conservatives running the country. Labour haven't had anything to do with it since 2005.

Your post is as spot-on as Fallenangle's is deluded, but I'm going to be the resident pedant here because this part is incorrect.

Tony Blair's Labour Government was in its third term of power in 2005. He resigned in 2007 and Gordon Brown took over as PM. David Cameron lead the Tories to power (as part of the coalition with the Lib-Dems) in 2010.

[prinnysquad]

The idea that the Tories are good with the economy and Labour are spendthrift cowboys is a total media-created falsehood, not backed up by the facts.