Kern wrote:
The pound continues to plummet. Wonder if we'll hit parity today?
Not just yet, but it’s not good. Anything traded in USD has just become more expensive, and then when interest rates go through the roof, more people will lose out.
BikNorton wrote:
I'll spoiler my ongoing whimsy.
ZOMG Spoiler! Click here to view!
Turns out the Tory party said "hold my beer".
To destroy our currency within a week, despite the distraction of the monarch nipping out to the shops, is impressive enough. But to then say "see you all in two months"... The only good that could come of this headlong rush into a cheesegrater would be a Truss version of good old
Literally the next thing I did was spill my beer.
Touche, karma.
Touche, karma.
I checked my MP's Twitter feed and she still has up all the pro-Budget "lines to take" she'd dutifully retweeted during the announcement.
I'm still trying to process the awfulness of Truss's local radio interviews this morning. So pitifully bad it's hilarious.
If that's how she is in a room with a local journo how's she going to cope across the table from Putin or someone? Absolutely fucking hopeless.
Bold of you to assume she wouldn't be under the table.
The government have decided to do a U Turn on their tax fiasco, and abandon the removal of the 45p rate.
They think that will calm the markets, but it’s only a small portion of their borrowing to fund tax cuts so I doubt it’ll help much.
They think that will calm the markets, but it’s only a small portion of their borrowing to fund tax cuts so I doubt it’ll help much.
Dr Zoidberg wrote:
The government have decided to do a U Turn on their tax fiasco, and abandon the removal of the 45p rate.
They think that will calm the markets, but it’s only a small portion of their borrowing to fund tax cuts so I doubt it’ll help much.
They think that will calm the markets, but it’s only a small portion of their borrowing to fund tax cuts so I doubt it’ll help much.
In a statement, the Chancellor says "It is clear that the abolition of the 45p tax rate has become a distraction", adding "we get it, and we have listened"
The intention to introduce the 45p tax rate was the distraction.
With my cynical head on I'd say that distraction was exactly what was intended, and that it's quite possible that they were going to announce a U-turn on this all along. But if they think this will take attention away from other appalling elements of the mini-budget, they're mistaken.
So tanking the country last week was all for nothing. It's going to be a long two years.
Kern wrote:
So tanking the country last week was all for nothing. It's going to be a long two years.
It wasn't for nothing, we're waterproof now.
Warhead wrote:
The intention to introduce the 45p tax rate was the distraction.
With my cynical head on I'd say that distraction was exactly what was intended, and that it's quite possible that they were going to announce a U-turn on this all along.
With my cynical head on I'd say that distraction was exactly what was intended, and that it's quite possible that they were going to announce a U-turn on this all along.
I think you're indulging a fantasy where we're being governed by evil yet clever, competent people who actually know what they're doing. But we aren't, they're just evil fucking morons.
Even the statement is wrong, isn't it? "We have listened, and we get it" makes sense. But no, can't say that. Instead - we came to realise it was wrong, and only then did we decide not to completely ignore everyone and everything other than the DickheadBrexitEconomistsofDoom.
As I moved to get off the train in Brum yesterday, I saw this fella and his trackie top. Not sure if this was serious, given the Tory Party conference was in town.
That's a genuine Arsenal sponsor.
Amazing.
markg wrote:
Warhead wrote:
The intention to introduce the 45p tax rate was the distraction.
With my cynical head on I'd say that distraction was exactly what was intended, and that it's quite possible that they were going to announce a U-turn on this all along.
With my cynical head on I'd say that distraction was exactly what was intended, and that it's quite possible that they were going to announce a U-turn on this all along.
I think you're indulging a fantasy where we're being governed by evil yet clever, competent people who actually know what they're doing. But we aren't, they're just evil fucking morons.
You may well be right, or it could have been Dead Cat advice from those sneaky sods in Tufton St.
"The emergency plan need would need to be approved by King Charles on the recommendation of the business secretary"
Oh
Oh
MaliA wrote:
"The emergency plan need would need to be approved by King Charles on the recommendation of the business secretary"
Oh
Oh
That's a heck of a lot of buck-passing. Or even Chuck-passing.
10 minutes in PMQs and I am not sure I can take much more torment.
Energy price guarantee
Switched over to the radio so I don't have to look at her. The Amiga speech synthesiser had more emotional range.
MaliA wrote:
Energy price guarantee
Wish I'd known that was the correct answer for every question, then my team wouldn't have come last in the cottage quiz.
Kwarteng has been sacked as chancellor. Expect Liz to deny any knowledge of the contents of the mini budget beforehand.
Dr Zoidberg wrote:
Kwarteng has been sacked as chancellor. Expect Liz to deny any knowledge of the contents of the mini budget beforehand.
No, he can't have been? He was only on the radio just yesterday and he promised, 100%, that he'd still be chancellor this time next week.
TheVision wrote:
Dr Zoidberg wrote:
Kwarteng has been sacked as chancellor. Expect Liz to deny any knowledge of the contents of the mini budget beforehand.
No, he can't have been? He was only on the radio just yesterday and he promised, 100%, that he'd still be chancellor this time next week.
Would you like to buy some magic beans? They are guaranteed to help the economy.
Another normal day in a normal country
It's Jeremy Hunt's turn!
I've just heard that with the recent losses and a lack of volunteers Liz is going to sign a mobilisation order. I'm expecting to be drafted to her new cabinet any day now.
It's quite glorious that the only times I'm reminded that Johnson's lot spaffed millions on a truly ugly press conference room is when political disasters happen inside it. The place is cursed.
NervousPete wrote:
I've just heard that with the recent losses and a lack of volunteers Liz is going to sign a mobilisation order. I'm expecting to be drafted to her new cabinet any day now.
Don't worry. The combination of the postal strikes and the government's inherent uselessness will mean at best you'll be too old when it finally arrives, and at worst railway minister of Peru.
Looks like Hunt has borrowed something from the Doctor Who playbook and pressed the magic reset button so the mini-budget never actually happened.
MaliA wrote:
Energy price guarantee
Oh
Kern, in early July wrote:
Are there any morning flights to South America? Asking for a friend.
Any evening flights? Peru's nice this time of year. Asking for another friend.
If I were a sinking prime minister desperately clinging to office, I wouldn't let anyone else take my place unless I knew they would be even worse.
The level of self-awareness needed to work that out, though. I mean, I can look through the party and see incompetence and worse everywhere. But worse? Tough one.
Mordaunt has had shorter hours of her life...
Mordaunt: "I'm sure there will be opportunity to hear from the PM sometime in the next 24 hours."
23 hours later...
Hunt: "I believe you have a message for the House of Commons, Elizabeth?"
Truss: "I surely do. What we are doing is I'M GOING NOW MY PLANET NEEDS ME." (ascends out of shot on a rope in herky-jerk manner to slide-whistle noise)
23 hours later...
Hunt: "I believe you have a message for the House of Commons, Elizabeth?"
Truss: "I surely do. What we are doing is I'M GOING NOW MY PLANET NEEDS ME." (ascends out of shot on a rope in herky-jerk manner to slide-whistle noise)
From £150 million Brexit-Bus fun to brutal 'economic decisions of eye-watering difficulty'. So glad all the hopes and dreams of Brexit they sold the electorate panned out so well.
Also, why is Liz smiling in that eerie vacant way? Erk, did she launch the missiles?
Also, why is Liz smiling in that eerie vacant way? Erk, did she launch the missiles?
Maybe Truss is Charlie's practice PM? An opportunity for him to practice keeping quiet before they release him to the tougher levels.
NervousPete wrote:
From £150 million Brexit-Bus fun to brutal 'economic decisions of eye-watering difficulty'. So glad all the hopes and dreams of Brexit they sold the electorate panned out so well.
Project Fear!
Kern wrote:
NervousPete wrote:
From £150 million Brexit-Bus fun to brutal 'economic decisions of eye-watering difficulty'. So glad all the hopes and dreams of Brexit they sold the electorate panned out so well.
Project Fear!
Stop talking Britain down!
We inherited the situation from the previous administration!
NervousPete wrote:
From £150 million Brexit-Bus fun to brutal 'economic decisions of eye-watering difficulty'. So glad all the hopes and dreams of Brexit they sold the electorate panned out so well.
Also, why is Liz smiling in that eerie vacant way? Erk, did she launch the missiles?
Also, why is Liz smiling in that eerie vacant way? Erk, did she launch the missiles?
She's clearly had a breakdown and is on some nice medication
Wait, a *different* eerily vacant smile? I thought that was just her.
I'm curious... does reversing all the tax changes make the new Chancellor part of the Anti-Growth-Coalition?
