Jesus lads, 'tis looking like BREXIT!

[Yorkman]

Whats the vibe like on the ground there ?

Shock mostly but it’s not directly affecting most people financially at the moment, once it starts really hitting people in the pockets through higher mortgage payments and house prices fall, shock will turn to fierce anger.

If only there was an election tomorrow

 

[douglas eegit]

These poll numbers are terminal.

Tomorrow she meets with the OBR to try and calm the pork markets:

The Guardian

Liz Truss will hold emergency talks with the head of Britain’s independent fiscal watchdog after failing to dampen panic in the financial markets or shore up support from Tory MPs on her radical economic plan.

In a highly unusual move, the prime minister will meet the Office for Budget Responsibility’s (OBR) Richard Hughes on Friday, along with her chancellor, Kwasi Kwarteng, before being presented with a first draft of its full fiscal forecasts next week.

One government insider said the OBR meeting was “like trying to read the manual after you’ve broken the thing” after last week’s announcement of sweeping tax cuts triggered investor panic over the future health of the UK economy, prompting a sharp fall in the value of the pound and driving up government borrowing costs.

What does this meeting actually mean? Or is it just a formality?

 

[How bad boy]

What does this meeting actually mean? Or is it just a formality?

It's one of 3 things:
1. Get the info on economy performance earlier to help their messaging
2. Smooth things over after they explicitly cut the OBR out of the mini budget
3. Attempt to influence the OBR so that they give the answers Liz and Kwazi want them to give.


Pretty certain it's #3

 

[Handy Run]

Lol, the Rupert will decide the govt of the day

 

[How bad boy]

Reports in the Telegraph that Tory rebels, led by Sunak, are planning on supporting amendments to scrap parts of the mini budget such as getting rid of the 45p band.

Tory rebels threaten to block scrapping of 45p tax rate

Liz Truss faces anger as some backbenchers argue measure is ‘toxic’ and has come at ‘high political cost for little benefit’

www.telegraph.co.uk

This just gets worse for Truss

 

[douglas eegit]

Reports in the Telegraph that Tory rebels, led by Sunak, are planning on supporting amendments to scrap parts of the mini budget such as getting rid of the 45p band.

Tory rebels threaten to block scrapping of 45p tax rate

Liz Truss faces anger as some backbenchers argue measure is ‘toxic’ and has come at ‘high political cost for little benefit’

www.telegraph.co.uk

This just gets worse for Truss

This was always going to happen when Liz didn't have any Rishi supporters in her cabinet. Always going to turn to a Truss v Sunak at the first opportunity

 

[jeepers]

Reports in the Telegraph that Tory rebels, led by Sunak, are planning on supporting amendments to scrap parts of the mini budget such as getting rid of the 45p band.

Tory rebels threaten to block scrapping of 45p tax rate

Liz Truss faces anger as some backbenchers argue measure is ‘toxic’ and has come at ‘high political cost for little benefit’

www.telegraph.co.uk

This just gets worse for Truss

She will stick to her guns. Other than stupidity, rabid belief right wing fiscal policy is her main characteristic.

 

[Stacky]

It's one of 3 things:
1. Get the info on economy performance earlier to help their messaging
2. Smooth things over after they explicitly cut the OBR out of the mini budget
3. Attempt to influence the OBR so that they give the answers Liz and Kwazi want them to give.


Pretty certain it's #3

Dragging the OBR into No.10 with the pretence to save the British economy where in reality it is to save their skins after their monumental errors.

The OBR should tell them to f*ck off as they ignored their report only 1 week ago.

 

[jams]

Euro falls after inflation but heads for weekly gain

The euro dropped today after inflation in the euro zone hit a record high, but was heading for a weekly gain on hawkish signals from the European Central Bank as some calm returned to foreign exchange markets at the end of a wild week.

www.rte.ie

Excellent stuff.

They also recovered fastest in the world following Covid.

Anyone teaching stats and/or marketing would have a ball with these numbers.

 

[jams]

Lady Jane Grey - Wikipedia

en.m.wikipedia.org