We can no longer afford the Tories

31st October will be a significant day, I wonder if they chose Halloween deliberately to announce the details - and who are the weird sisters in this scenario ?

The IMF has DOWNGRADED the UKs growth.

Kwarteng was lying.

If only we lived in a democracy where no government could ever gain such power to ruin our country because a minority of voters supported them at the last GE.

So, listening to the Chancellor in parliament today, cancelling a policy change is now regarded as a policy.And, given that he gleefully kept saying that the IMF had said that the economy was growing how come the government didn’t listen to the IMF when they warned against brexit ( as did Mark Carney st the time)?

It is worrying that it seems the only people who could possibly save us are the Tory backbenchers - not the halfway decent Tories - they were hounded out or left long ago- but the disgruntled passed over Tories who just might have reached the limit of their obsequience.

When your party is on the point of collapse, I guess you can spout all sort of nonsense.

Doesn’t help the country though and that is what should matter, not “the party” or your own neck.

Happening just now in parliament......

Labour MP Marsha de Cordova said that as families struggle to keep up with the cost of living, "this government has chosen to help bankers by removing the cap on their bonuses whilst maintaining the cap on household social security."
"The household social security cap has remained stagnant since 2016, plunging hundreds of thousands into "deep poverty".

Conservative MP Andrew Griffith responded with, "The honourable lady has fully booked her place at the anti-growth coalition".

How on earth are you meant to deal with these terrible people who spout nonsense about imagined coalitions to anyone who points out the misery their policies are causing.

Nobody has said how the Tory policies will help the current situation...no costings, no projections, no evidence. How does anyone take them seriously?

George Monbiot tells us who controls Truss and Kwarteng and how we got here.

www.youtube.com/watch?v=pofTr1QKiBk

NOT suitable for anyone with a nervous disposition!

“You will be ecstatic to hear the mini-budget is forecasted to collapse the UK economy in just 35 days“

And forgot - it will be your grandchildrens' too. They will inherit it, lock, stock and barrel.

Same here. Project fear they said!

I am afraid I am no longer angry, I am truly scared.

And I shall say this now: if you voted for Brexit, if you voted for Tories, if you voted for Johnson and for Truss- I shall hold you personally responsible. Because you were clearly warned, but you went ahead, regardless. You have to own it now.

Not that it will pay our pensions, nor the gas or electricity, or food, or private health as the NHS goes down with the country. Your!

Don’t think we are allowed to swear on Gransnet so just think of all the bad language you have come across and that is my response.

Strewth!

Labour's
@Keir_Starmer
on a call to all party staff: "The government’s collapse on the biggest issue - the economy - means it could fall at any time.

"We have to recognise it is that unstable. We need to be ready. We need to get on an election footing straight away."

It is the country’s personal pensions that are looking so dodgy and continually having to be saved by the BoE

Whitewavemark2

I’m beginning to get frightened now

Will Hutton
@williamnhutton
·
33m
The economic situation is profoundly grave. Up to £60bn of spending cuts now have to be found in 3 weeks say IFS.The Bank of England warns of dysfunction and material risk to financial stability. And a government who must reverse policy is politically unable to act. Incredible.

Indeed- I am truly panicking now for all sorts of personal reasons re our own situation. And just can't see a way out. We may well go belly up. Thank goodness we have space and could take on a few sheep and chickens, and grow our own wheat and vegetable and fruit.

We worked very hard, and were quite comfortable on retirement, but this is no longer the case. So grateful we are very adaptable and common sense of people in good health, and have the strength and determination to deal with anything thrown at us. But this was NOT the plan, for sure.

Casdon

GrannyGravy13

Perhaps they shouldn’t have jettisoned Mr.Johnson.

There was no option at all but to get rid of Boris Johnson based on his misdeeds. They should have replaced him with somebody competent. I do think Sunak would have avoided the current catastrophic economic woes, so in the short term at least he would have been a much safer pair of hands.

I think it would have been a fight for power. I wouldn't like to guess who would come out ahead if it were between Truss or Sunak. Although Sunak did have more MP votes in the little election.

Rory Stewart

He won’t be able to find £60Bn of cuts. I hope some backbenchers finally see the lunacy of the current path.

MaizieD

Whitewavemark2

But it does smack of desperation doesn’t it?

Better than £60 billion of spending cuts, though.

There's nothing left to cut...

True

Conflict of interest as well imo

Whitewavemark2

As an aside

Insider trading?

According to last month's Private Eye
@KwasiKwarteng
has been working for Odey's hedge fund on the side as a paid 'political advisor' at £20k a month since he was elected as an MP in 2010.

I think I mentioned this before, on a previous thread about how terrifying the budget impact was. I have emailed the City of London Police asking them their opinion on what is, to many, blatant insider trading. If you go onto their website, it is quite user friendly, and lists all the commissioners/asst commissioners and their areas of responsibility. I emailed Nik Adams. No reply yet. Crispin Odey made £145m on the back of Kwarteng's budget. How can this be right? Private Eye generally get things right, the only publication that I trust.

Whitewavemark2

But it does smack of desperation doesn’t it?

Better than £60 billion of spending cuts, though.

There's nothing left to cut...

GrannyGravy13

Perhaps they shouldn’t have jettisoned Mr.Johnson.

Thus can be placed right at Johnson's door.

MaizieD

^so in the short term at least he would have been a much safer pair of hands.^

Only in the short term, though. Which isn't good enough. He'd still have cut state spending.

We don’t have magic wands though MaizieD. It’s a Tory government, so it has to be the least of the evils until the next election, and Sunak was that, in my opinion at least.

But it does smack of desperation doesn’t it?

so in the short term at least he would have been a much safer pair of hands.

Only in the short term, though. Which isn't good enough. He'd still have cut state spending.