General British politics discussion thread

Well for a start, you seem to be comparing when a candidate is eliminated in one system to when a candidate is elected in another...

It has to be truss, the BOE are literally just doing their job and they cant keep propping up her mistakes and economic illiteracy. If nobody blinks then on monday pension funds will implode and mortgage burden rates will likely go higher than they were in the 80s, its unsurvivable politically.

Its the effect of an idealogy hitting reality. The think tanks have been pushing this sort of nonsense for years. And in theory, it all makes sense. If X number of millionaires produce this amount of jobs, then increasing the number of millionaires will obviously lead to more jobs! Simples.

But it all falls down when it has to deal with the complexity of real life. Who funds the shortfall while this changeover happens? How can you claim to be in cost of living crisis, and thus having to rightly provide additional support for everyone, and at the same time purposely reduce the tax take.

Truss was facing into probably the toughest inbox ever facing an incoming PM. Cost of living crisis, inflation, Ukraine, Brexit, NIP etc. But she decided that the only ay to deal with any of it was to push the emergency button and hope for the best. Hubris and a lack of understanding did the rest

@Pete_Cavan @L1011 @Sam Russell Nice one, knew I had something wrong, I have a memory like a sieve.

Plus as gilt prices go up, the cost of borrowing goes up which in turn gives her less fiscal space to close the gap between income and expenditure. She's going to have to reverse her tax cuts and actually increase tax and cut spending.

Not doing this will cause the finances to spiral further out of control

I reckon HS2 is toast, but that's not going to be enough in the immediate term to cover the funding gap.

She'll need to swallow her pride and increase taxes,but if she chooses to target the poor with increases or cuts there will be riots on the street.

She needs to go to the OBR and act on their recommendations. its probably her only way out of the mess she's made for herself.

Isn't there a TBM in the ground?

And giant holes at Euston and Curzon Street (Birmingham) etc.

I believe it was HS2 works that cut the fibre that took down Aer Lingus a few weeks ago

Agreed..Mogg makes my skin crawl tbh.

One of my highlights of the week

King Charles greets Liz Truss with: ‘Back again? Dear, oh dear’

This is brilliant