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[Field Marshal Dr. Opti]

With the Bank of England stepping in and the pound almost at parity with the dollar she needs to be more visible.

Same goes for KK.

[Migv6 le Frog Fan]

Hiding behind the sofa whimpering " no-one said it would this difficult". 

[STEMO]

Laughing at Starmer as the left wing of the party hold meetings separate from the conference, calling him a tory and threatening to split.......again. 

[ronnyd]

The politicians of this country sink to new lows daily. Same the world over to be fair. 

[Lizzie Zoom]

Anyone for a Buffoon Boris come back?

Seriously though, how can Truss survive the absolute disaster she has caused?

[Field Marshal Dr. Opti]

She is PM. She should be all over the media at this time.

[Nick W]

She is desperately trying to find a copy of   Economics for dummies that didn't get random pages stuck together the first only time it was opened in an Eton dormitory.


While she's doing that - and it's a hopeless task - the rest of the country is praying for a government that doesn't consist of useless Lady bitss.

[Migv6 le Frog Fan]

It wouldnt be possible to assemble one of those from the entire House of Commons, even if we were to ignore party loyalties.
That is the real problem.

[Sir Tigger KC]

Is it me then? 

Most of Kwasi Kwarteng's mini budget was leaked in advance so we knew for example they planned to cancel Sunak's ill advised hike in National Insurance and Corporation Tax, both measures apparently 'costing' about £20 billion each.

We knew that the Government planned to subsidise residential and business energy bills at an unknown open ended cost. Some estimates were as high as £200 billion. Nobody batted an eyelid and it's fair to say that the markets 'priced it in'.

The surprise parts of the mini budget are fairly minimal in the grand scheme of things:

Abolishing the 45% tax rate apparently costs about £2 billion, but may end up raising more revenue as happened when they scrapped Gordon Brown's 50% rate.

Abolishing IR35 rules for the self employed apparent costs about £2 billion, but again simplifying the tax system may raise more revenue.

Increasing Stamp Duty threshold apparently costs £1.7 billion, but you don't need Nick's sticky copy of Economics for Dummies to understand this one.

Keeping the annual investment allowance at £1 million apparently costs £1.7 billion, but encouraging businesses to invest is a no brainer and something that the Labour Party consistently bangs on about.

So all in all we're talking about roughly £8 billion of tax cuts that were unexpected, are very likely to boost the economy and raise more revenue, and the amounts are chicken feed comparatively anyway. 

So why has everyone lost their minds over it all? 

I think it's all very bizarre and smacks of an orchestrated attempt to bring down the Govt. Can't have them straying from the globalist script now can we? 

[Lizzie Zoom]

You maybe right Sir Tigger,

But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions.  The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable. 

The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.

No, all in all this is a mess.  Politically is is very damaging.  Financially for the U.K. it is disastrous.

Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement.  Tory MP’s privately and not so privately are now starting to publicise their fears.

Truss going missing is telling its own story!

[STEMO]

No, it's not just you, Sir Tig. The country has turned into a group of whining old fannies. Obviously, Starmer and his bunch of misfits will milk it to the max, so it follows the sycophantic BBC and ITV will follow suit. You only had to look at the type of people the news channels interviewed after the statement in the house. Mrs Jones from oop north, a single mother of five, wondered why the government hadn't given her a massive increase in child benefit. A local market trader, with a barrow full of Chinese shite, wondered why business rates hadn't been cut.
Bollix, 'A bit of how's yer father' them all. I hope Liz throws them all a deaf ear and carries on regardless.

[STEMO]

You maybe right Sir Tigger,

But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions.  The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable. 

The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.

No, all in all this is a mess.  Politically is is very damaging.  Financially for the U.K. it is disastrous.

Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement.  Tory MP’s privately and not so privately are now starting to publicise their fears.

Truss going missing is telling its own story!

Are you now a financial expert as well? Or are you just parroting what you heard on the news? No need to reply, I know the answer already.

[STEMO]

Here are some nice pictures for you to have a look at:




Which index has fared best, by far, over the last year?

[Lizzie Zoom]

You maybe right Sir Tigger,

But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions.  The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable. 

The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.

No, all in all this is a mess.  Politically is is very damaging.  Financially for the U.K. it is disastrous.

Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement.  Tory MP’s privately and not so privately are now starting to publicise their fears.

Truss going missing is telling its own story!

Are you now a financial expert as well? Or are you just parroting what you heard on the news? No need to reply, I know the answer already.

Why the hostility Steve?

I am just voicing an opinion after listening and absorbing what is transpiring.  As for being a financial expert; not on a national basis, no. BUT having had for two decades complete P&L responsibility for a £100 million budget (in the 1990’s) for our business, I know all about good commercial financial controls, and my future depended on it.

So I know very well about corporate politics and responsibilities.

If I had published to the Board of Directors in the States a financial plan as Truss has that had such an immediate, appalling, affect, then I would have been paid off.

But of course, no one, and especially me as a women, can express their knowledge and opinion on the OOF now, if it is at odds with their ideas.   

[STEMO]

You are probably the most condescending person I have ever had to listen to. Working in a shop doesn't make you chancellor of the exchequer material