Truss Resigns

Discussion in 'Western Europe' started by The Scotsman, Oct 20, 2022.

  1. The Scotsman

    The Scotsman Well-Known Member

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    Well after a month of total chaos she's gone.
    Who's next in the job.....who'd want the job....??
    I'm betting its that Mordaunt woman as Ben Wallace (who's probably the best bet) will likely decline and Sunak is too far up his own arse counting his money.....
     
  2. Hey Now

    Hey Now Well-Known Member

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    The Brits sure flush the toilet often. Boris 2.0???
     
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  3. The Scotsman

    The Scotsman Well-Known Member

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    ....trouble is it don't work....crap stays in the bowl...we just swap one turd for another...:D

    Its getting like bloody Italy here!!
     
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  4. HonestJoe

    HonestJoe Well-Known Member Past Donor

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    Brits haven't actually voted out a Prime Minister (as much as that can be said under a Parliamentary system) since 2010. It is the Conservative Party (primarily the Parliamentary Party, e.g. MPs) who keep on switching leaders.
     
  5. drluggit

    drluggit Well-Known Member

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    Gosh, the power of bureaucracy. Can't cut the cost of supporting them, or you get forked...
     
  6. Tucsonican

    Tucsonican Well-Known Member

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    Prediction:

    Truss calls Charles and asks that he dissolve Parliament. Next general election is called for December. Tony Blair is nominated and Labour rides to a majority of over 200.
     
  7. Pixie

    Pixie Well-Known Member

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    As long as someone stops Boris flying back by Monday, I don't care who is nominated.
    I cannot believe 100 MP's can support thr man who caused so many constituents such pain and anger , only now just calming down.
    The last thing the UK needs is more division,bangervand upset.
     
  8. UntilNextTime

    UntilNextTime Well-Known Member

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    Last edited: Oct 20, 2022
  9. Pixie

    Pixie Well-Known Member

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    The dream scenario.
    If only.
    Unfortunately too many British people prefer entertainment to intelligence.
     
  10. The Scotsman

    The Scotsman Well-Known Member

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    ..?
     
  11. DEFinning

    DEFinning Well-Known Member Donor

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    What led directly to Truss's downfall, was her "trickle down" economic plan (during inflationary times, no less). It was the reason that British markets went into a tailspin, and the pound went plummetting.

    Interesting thing is that Trump's former economic advisor, Larry Kudlow, has said that Kevin McCarthy's "Commitment to America" plan, looks a lot like Liz Truss's "terrific supply-side economic growth plan (a month ago, when it was revealed)."

    https://twitter.com/i/status/1583155998503510016

    <Snip>
    “The U.S. midterm elections cavalry arrived early in London. What do I mean by that?” Kudlow says in the Fox Business clip. “Well, the new British prime minister, Liz Truss, has laid out a terrific supply-side economic growth plan which looks a lot like the basic thrust of Kevin McCarthy’s Commitment to America plan.”
    <End>

    https://www.google.com/amp/s/www.ya...time-fox-business-larry-kudlow-204414777.html

    https://www.google.com/amp/s/www.th...iz-truss-economic-plan-fox-business-news/amp/

    The question is, seeing what happened to the Brits because of the plan, do Republicans have the minimal amount of common sense, not to repeat their mistake? I'd say the smart money, is on "No."
     
    Last edited: Oct 21, 2022
  12. The Scotsman

    The Scotsman Well-Known Member

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    maybe...but on top of that was a heap of errors; lack or credible counseling and mis-management culminating in the bodged vote in the commons where she had no idea what the whips were doing... I think the economic thing could have been managed by Hunt as he'd calmed the markets a bit which was the main thing....it was really the fact that she was just.....well.....useless
     
  13. Baff

    Baff Well-Known Member

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    What led to Truss's downfall is the same as what led to Boris's.
    She doesn't enjoy the political support of her party MP's.

    The same was true of Corbyn.

    Her party is ungovernable by her.
    It remains to be seen if it is governable by anyone at all at this point.
    I suspect not.

    Time for an election.
     
  14. Pixie

    Pixie Well-Known Member

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    The reason she was a dismal failure is because she didn't understand economics and tried to impose the same kind of groundless ideology that Brexiteers believed and which has been spectacularly proven to be dangerous.
     
  15. Baff

    Baff Well-Known Member

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    I certainly wouldn't be looking to the EU as a model of economic competence.
    Sorry. Far from it.
     
  16. Pixie

    Pixie Well-Known Member

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    . Look to your own situation relative to the EU.
    https://www.statista.com/statistics/686147/gdp-growth-europe/

    Given that the EU growth takes into account low churning économies to produce an everage not far from yours and the UK is not encumbered by these the UK is not performing well.
    Hence even your own politicians as well as financial institutions are alarmed and want to see growth.
     
    Last edited: Oct 24, 2022
  17. Baff

    Baff Well-Known Member

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    Don't see any model in the EU that isn't FUBAR, quite frankly.
    The UK has been outperforming the EU average consistently. And is FUBAR too.


    [​IMG]

    Don't give a **** about my own politicians.
    They will say anything to get into power or stay in power.

    Not interested in running the economy for their benefit at all.
    They are famously utterly **** at economics. The last place anyone looks for economic guidance.
     
    Last edited: Oct 24, 2022
  18. Pixie

    Pixie Well-Known Member

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    I have just shown you that the UK is not outperforming the EU average.
    That is why there is such political alarm.
    And it is forecast to fall even further behind as time goes on.
    The rise in universal interest rates will see to that, as consumption falls across all markets.

    As to why, books are written about that . Bur whatever shape you have as your democracy or economy, you need people who know what they are doing.
    Otherwise developed nations quickly become developing nations, sovereign or not.
     
  19. Baff

    Baff Well-Known Member

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    You've shown me a prediction made a year ago.
    I've countered with a more recent prediction.

    We've been outperforming the EU consistently.
    Most people have.

    The EU is more commonly associated with stagnation than it is growth.

    The people who tend to know what they are doing are the people doing it and not politicians. The qualifications for becoming a politician are famously, none.


    Consumption falling is a market correction.
    To continue to consume more than you produce is not sound economically. To even be aiming for that outcome is bad policy.
     
    Last edited: Oct 24, 2022
  20. Pixie

    Pixie Well-Known Member

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    In the Eurozone, GDP growth was 0.8% in Q2 2022. Compared to the pre-pandemic level, UK GDP in Q2 2022 was 0.2% lower (this figure was recently revised lower).

    upload_2022-10-24_16-38-38.png
    https://commonslibrary.parliament.uk › ...
     
  21. Baff

    Baff Well-Known Member

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    Yes, due to the superior management of the COVID crisis, our own upsurge/return to growth occurred the year before theirs.

    We are a year ahead of them.

    Please don't mistake this as my trying to imply that the economic situation here is not bollocks'd, it is.
    It's just that yours is worse.

    Luckily we are not as married to you as we used to be.
    And this has proved a massive relief to us in the last few years of crisis management.
     
    Last edited: Oct 24, 2022
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  22. Pixie

    Pixie Well-Known Member

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    Prove it.
    Any growth that is higher than any other is because you were so far behind everyone else to start with.
    Your superior handling of Covid resulted I one of the highest death tolls and economic mismanagement in living memory.
     
  23. Baff

    Baff Well-Known Member

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    Yes.
    That's right.
    Your growth last year was faster because you were so far behind.

    We too had rapid growth when we got out of COVID. But that was some time before you did. Fully a year.

    Now?
    You have no growth. You are in a deep recession due to your energy crisis.
    One that we are not experiencing on the same scale as you due to our own greater internationalism and more developed trade relations globally.
     
    Last edited: Oct 24, 2022
  24. Pixie

    Pixie Well-Known Member

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    Prove it.
    Frankly I don't have time to reply to those who make things up, even though it may come as second nature.
    So Prove your accusations.
     
  25. Baff

    Baff Well-Known Member

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    [​IMG]

    There you go, our COVID recovery spike, a year or two before yours.
    I don't suppose you remember how fast we all got vaccinated here.

    Only 5% of our gas came from Russia and we have our own gas fields and LNG terminals. As well as long established suppliers in the middle east.
    Unlike most of the EU we are relatively wealthy and able to compete for the higher priced fuel and have the infrastructure to land it.
    It's not been as big an issue for us either.

    These things were definitely a problem for us, but not like they are for you.
     
    Last edited: Oct 24, 2022

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