https://news.sky.com/story/liz-truss-to-resign-as-prime-minister-sky-news-understands-12723236
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ABC
ayy/beesi
Always Be Chudding
1yr ago
(news.sky.com)
Edited 1yr ago
2,564 thread views
#114723
Reported by:
- Yui : Misogynists trying to keep successful women down
- Mello_luvr : Legacy foids stay losing
- of_blood_and_salt : who
- searcher : White people nonsense
Liz Truss resigns as prime minister after 44 days
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Meaning?
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Check the pounds trajectory against dollar. I was reading an article about how tax cuts encourage growth etc but they need parallel austerity otherwise you're just printing money. But austerity isn't electorally viable. Universal adult franchise was a mistake.
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i would love whoever this is
but i dont actually want to buy anything from bongland or go to bongland so i cant take advantage of this policy
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should I ignore the part where it goes up again on the 4th?
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You mean right after she caved on the one policy she had made the headline of her campaign?
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caved on the 5bn tax cut, kept the 60bn energy spending.
markets must love it when you print money!
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Confidence. A government caving means it will listen to markets. Bongistan is still a pretty fundamentally strong economy, ofc. Also enery subsidies were also nerfed.
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Markets are ruled by the presses. And I have no idea on the energy policy(I'm not a
) but presumably that spending would be investment that would get a return. Like Keynesian government deficit spending should (in theory). So wasn't immediately toxic while it was still unimplemented(I assume and am not going to google).
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lol
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https://www.bloomberg.com/news/articles/2022-09-28/boe-to-carry-out-purchases-of-long-dated-uk-bonds-to-calm-market
The Bank of England promised to buy unlimited gilts to stop UK bonds collapsing. Basically the unelected-but-competent bit of government had to actively fight the elected-but-full-of-r-slurs bit to stop the economy tanking.
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pensioners making money is the backbone of our economy, and unlimited is a really big number
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They have become the 51st state
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Every time the UK pound has fallen over the past year, there were tax cuts.
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The Queen started dying the moment she met truss. She knew the Realm was DOOMED
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As if politicians say the truth during campaigning! No one truly couldnt have known!
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Dude economy was going to tank no matter who would been in office. Her tax cut will sink the next pm 💅🏽
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It's not that people expected the economy to be good, it's that they announced a bunch of completely unfunded handouts which crashed the value of the pound.
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The funny thing is that Liz has just done exactly what she said she was going to do, it it just the bong party being r-slurred and choosing her
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