THE GUARDIAN: As Truss and Kwarteng unleash economic chaos, Labour conference all feels a bit pre-1997 – though no one in the party will say that out loud
“The markets will react as they will,” said the chancellor in the House of Commons, as he launched the tax cuts that sank the pound and sent borrowing costs soaring. And so they did. As sterling plunged again, the Treasury reported he was “sanguine”, promising yet more tax cuts for the rich, this time to let them accumulate fatter, tax-free pensions. Liz Truss has arrived in office without any significant poll bounce – which makes her unique in polling history. YouGov’s associate director, Patrick English, tells me to expect further plunging numbers. A panicky Treasury promise of a “new fiscal event” in November sounds more of a threat than a promise.
Here ends the arrogance, the self-regard, the cultish obsession with economic fantasies that failed and failed again. Here dies the nonsensical Laffer curve, the theory that tax cuts for the rich yield more than they cost. This should render the Tories unelectable for a generation, because this crash is all their own. » | Polly Toynbee | Monday, Sptember 26, 2022
We are being led by clowns, fools and jesters! I was raised in a Conservative-voting household; indeed, I was myself a Conservative-voter almost all my adult life. Until Cameron came along. I took one look at him and smelt the rat! A decent man to enjoy a drink with, but not one to entrust the governing of the country to. And so it proved to be!
His decision to call the Brexit referendum was nothing short of disastrous. History will not be kind to him for his folly. This country will pay a heavy price for many years to come for his lack of sound political judgment.
Meanwhile, I, and I feel sure many others like me, will never vote Tory again. The party is more corrupt than I could ever have imagined. Moreover, entrusting the country to those incompetent fools is nothing short of foolhardy. The party, whilst once enjoying a reputation for sound economic management, has so obviously lost its touch.
Get them out of office! I, for one, will never be able to vote for them again after the fiasco of Brexit. They are so clearly incapable of sound economic management these days. They don't understand even basic commerce! Nobody in his right mind wouuld walk away from the largest single market in the world–a market of over 500m consumers: The Single Market! The single market of which Margaret Thatcher was so proud and of which she was one of the main architects. – © Mark Alexander
