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The Premiership of Mary Elizabeth Truss.Sept 2022 - Oct 2022

wulbert said:
Here's the Marxist Hell that Corbyn promised to bring to the UK in 2019: What we have now is better than this? This scares you? Why?

"We will create a million climate jobs
in every region and nation of the
UK – good, skilled jobs that will bring prosperity back to parts of our country neglected for too long.

We will bring rail, mail, water and energy into public ownership to end the great privatisation rip-off and save you money on your fares and bills.

We will deliver full-fibre broadband free to everybody in every home in our country by creating a new public service, boosting the economy, connecting communities and putting money back in your pocket.

We will end food bank Britain, and lift children and pensioners out of poverty.

We will bring in a Real Living Wage of at least £10 per hour for all workers
– with equal rights at work from day one on the job. We will end insecurity and exploitation by ending zero-hours contracts and strengthening trade union rights.

Labour will create a National Education Service to provide support and opportunity throughout your life: from Sure Start centres to top-quality early years education; well-funded schools with lower class sizes to free university....."



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Extremist nonsense.
 
ff1d1l said:
Lucky escape, eh!
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Dodged a bullet for sure. And he was too chummy with the Ruskies. Promised honours to oligarchs, took funding from crooked Russian billionaires....oh wait!

Found it! Here's the terrifying, "Marxist" bit (in bold) of Corbyn's plan to destroy the UK:

"Labour will rewrite the rules of the economy, so that it works for everyone. We will rebuild our public services, by taxing those at the top to properly fund the services we all rely on.
We will launch the largest-scale investment programme in modern times to fund the jobs and industries of the future, so that no one is held back and no community left behind. This is a fully costed programme to upgrade our economy and transform our country."

Edit:
And Communism too! :
"We are proud of the trade union movement’s historic achievements in giving people a voice at work through collective action. It is not just part of our history; it is also part of our future. Only by shifting the balance of power back towards workers will we achieve decent wages, security and dignity at work.

The next Labour government will transform people’s lives for the better through the biggest extension of workers’ rights in history.

We will give working people a voice at the Cabinet table by establishing a Ministry for Employment Rights."
 
Country on the edge of financial catastrophe and the PM has chosen to break her five day silence to be interviewed, for five minutes at a time(!), by eight local radio stations.

I expect that will be a proper grilling. Can't wait to discover which is her favourite ABBA track.
 
She is visiting eight different radio stations because she is seeking an answer . . . how to get a splash in Vogue magazine.

John
 
Extraordinary #749...

Sam Coates Sky@SamCoatesSky
No10 and Treasury ministers reject any notion tonight that there's a crisis. Meetings are continuing on a range of subjects in Number 10 - but there's no big focus on the market turmoil. Ministers in cabinet rubbish the link between Friday's statement and today's turmoil....
8:20 PM · Sep 28, 2022

Perhaps when the banks start collapsing (probably tomorrow afternoon...) we'll reflect on what a daft system it is that puts a handful of weird, unqualified people in charge of something so important.
 
notaclue said:
Extraordinary #749...

Sam Coates Sky@SamCoatesSky
No10 and Treasury ministers reject any notion tonight that there's a crisis. Meetings are continuing on a range of subjects in Number 10 - but there's no big focus on the market turmoil. Ministers in cabinet rubbish the link between Friday's statement and today's turmoil....
8:20 PM · Sep 28, 2022

Perhaps when the banks start collapsing (probably tomorrow afternoon...) we'll reflect on what a daft system it is that puts a handful of weird, unqualified people in charge of something so important.
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Buried heads in the sand
 
Meanwhile, in the City...

FdxEHZCXwCIqI9J
 
Another Adam Tooze article, this time reflecting on what the high profile critics of Trussonomics are up to. I know it seems perverse to focus on that but I think it's interesting and essential.

https://adamtooze.substack.com/p/chartbook-156-project-fear-30-or

...what is at play is something that is not so much political as to do with hegemony - the struggle over the overarching ideas that govern and frame political choices. In this mode, what the critics of the UK are performing is the role of gatekeepers, a function, which is at the heart of elite economic policy discourse.

There are global norms of reasonable policy to uphold. Nowadays these include an overriding concern for inflation, but also a rather prim concern for inequality. Both those concerns rule out the kind of flagrant give-aways that Kwarteng and Truss are so openly indulging in. Seen in this light, Project Fear is best seen not so much as an actual act of intimidation as rather a ritualistic discourse through which the guardians of norms reassure themselves and the rest of the world of who is in charge, and what the rules are.

The commentators position themselves as physics teachers overseeing a public lesson in physics. There is gravity. The UK is defying that law. It will crash land. Regardless of the politics it is the laws of economics that need to be respected.

In fact, as recent UK history demonstrates all too clearly, the world of social and economic life is more malleable than that. It is not law-like in any simple sense, but shot through with contradictions, conflicts, double standards, hypocrisy, insanity and malice, all of which the gatekeeping and the gatekeepers with their tidy-minded logic help to obscure and, in so doing, to perpetuate.

To be trapped between hegemonic opprobrium and the deep-blue nightmare of the Tories is a horrible spot to be. Where is the alternative? Clearly the answer ought to be the Labour Party. But what have they chosen to do? Their answer to this moment of national crisis is to position themselves as the party of “sound money”, in other words as the best student in an introductory class in macroeconomics co-taught by the IMF, Janet Yellen and Larry Summers. The tactical temptation is obvious. What will be the strategic price they pay?
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Hiding away and blaming all other world events as the cause of the problem is not working ! Other countries face the same things but their ecconomy has not crashed ,funny enough no Trussonics there .The government are arrogant and in denial , when will they wake up to reality !
 
Nick_G said:
That's exactly what Trump used to do - spout spurious nonsense preceded by "People are saying..."

Inform, educate and entertain? My arse.
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It was the fact that the little tosser ( supposed to be a journalist) introduces the idea “that political forces ( the Tories’ opponents, guess who?) are exaggeratin” while every commentator, the IMF, former US treasury officials and business here are describing it as madness.

Then he reintroduces it but claiming this time it’s a remainer plot, posed as a rhetorical question that his interviewee, an ex-Goldman Sachs director (!) doesn’t even dignify it with an acknowledgement.The Tories have the national broadcaster by the short and curlies.
 
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