The Sunak Government 2022-

[Tenbury]

Why is it people who espouse freemarket economics sometimes find them a bit awkward?

[bubbles1966]

Why is it people who espouse freemarket economics sometimes find them a bit awkward?

There's nowt awkward in being open enough to acknowledge imperfections.

Chance your arm in the Strikes Thread with the merest hint of a suggestion that the public sector isn't a work of art if you're looking for awkward.

[MB]

The financial markets act like a herd and are influenced by sentiment expressed by economic forecasters and politicians and such like. Consequently, markets are prone to listen to predictions that can sometimes prove to be completely wrong within a period of time.

Then isn't it totally predictable that if you do something outside the accepted norm, especially if your explanation consists of "trust us" that the markets will not react favourably?

Things have now slightly improved, there is a bit of fiscal head room so the accepted norm is a bit wider.

[bubbles1966]

Then isn't it totally predictable that if you do something outside the accepted norm, especially if your explanation consists of "trust us" that the markets will not react favourably?

Things have now slightly improved, there is a bit of fiscal head room so the accepted norm is a bit wider.

It's true that there will be a reaction if you do/say something different, or deliver the message in a different way, it will cause a reaction. It's separating that from the actual policies.

[MB]

It's true that there will be a reaction if you do/say something different, or deliver the message in a different way, it will cause a reaction. It's separating that from the actual policies.

Which is about the quality and confidence of the delivery and timing. Both of which Liz and Co shat the bed on.

I agree that any economic model is probably wrong the minute you put it to paper but the good ones recognise that and have a range of projections, list their assumptions and (best they can) the factors which will influence which of the outcomes is most likely.

Same way when i write a tax opinion for a client on something not quite covered by the legislation I set out the factors which influence my decision, how HMRC may react and how that reaction can be managed before and after the event. A bit simpler than an economic model, but still dealing with unknowns.

[smuts]

https://www.bbc.co.uk/news/uk-politics-64523277

They're going to tear themselves apart yet again aren't they?

[DaveWHU1964]

It's true that there will be a reaction if you do/say something different, or deliver the message in a different way, it will cause a reaction. It's separating that from the actual policies.

Argue what you want.

If Truss/ Kwarteng happened ten years ago and people had forgotten you might get away with it. People remember though - after all her, and evidently your politics have smashed them in the pocket and will continue to do so for years and yet (of course) as a true believer, you want her ideas to be given another go? Her politics - your politics - will take ten or twenty years to recover from this if it ever recovers at all. Get your way, and resurrect her ideas now and the Conservative party is dead for decades. I’m fine with that if you are.

Still, lose in 2024/25 and the true believers will be able to say “we’d have won if we’d only stuck with Liz”. Bullocks of course but in the world the likes of Truss, Kwarteng, Badenoch and co inhabit, a result..

[Johnny Byrne's Boots]

[smuts]

The left wing economic establishment? :lol:

Her and her allies really are absolutely deluded.

She sacked her long term "friend" and Chancellor and tried to pin the blame on him.

[DaveWHU1964]

The left wing economic establishment? :lol:

Her and her allies really are absolutely deluded.

I’d have gone with deranged but deluded will do. She has given it three months to begin her comeback to glory I suppose, longer than Johnson gave it after he left in disgrace.

You’re right what you said earlier. They are unmanageable and divorced from reality. If they get the kicking they are on course to get in May at the local elections it will be self-absorbed war again.

[Cornelius Beal]

Always someone else's fault with this lot. Much like Zahawi no apology too.

[Samba]

'Liz Truss, who resigned as prime minister after just 45 days in office, has said she was never given a “realistic chance” to implement her tax-cutting agenda.'

Thank f*ck for that..

[Samba]

"NURSE! SHE'S AFF HER F**KING MEDS AGAIN"...

[smuts]

"I have lost track of how many people have written to me or approached me since leaving Downing Street to say that they believe my diagnosis of the problems causing our country's economic lethargy was correct and that they shared my enthusiasm for the solutions I was proposing," she said

I wonder if she's time in her constituency listening to people who's mortgages went up, Pensions reduced thanks to her "diagnosis"?

[Tenbury]

It's not fair.
I've been sectioned for spouting less sh*t than that.

[djclipz]

So it's the left wing economic establishment that doubled everyone's mortgage. I'm glad that's cleared up now because I was beginning to think it was her.

[djclipz]

She's going in the jungle isn't she?

[hammers92]

Truly incredible words from Truss. I also liked "I assumed upon entering Downing Street that my mandate would be respected and accepted.”

You. Had. No. Mandate.

[Cornelius Beal]

You do wonder why the right wing press still back the Think Tank's Puppets plan to ease taxes on the rich don't ya just?

[bubbles1966]

You do wonder why the right wing press still back the Think Tank's Puppets plan to ease taxes on the rich don't ya just?

TBF, it was the same rate Labour had throughout almost the entirety of their last spell of government which I imagine some people on here voted for, possibly as many as three times.

She is, of course, misdiagnosing the obstacle as 'left wing' in the sense of the left wing actually being working class. If she's talking about the metropolitan Zone 1-2 London set, who are very comfortable with the Blair's and Davos sets she might be nearer to the mark.

If you believe that the likes of Brown, Miliband and Corbyn can be vilified by the media, and destroyed by them, along with the faceless lads and lasses who control the money, why would you discount the same theory just because someone is a Tory?