Liz Truss resigns as prime minister after 44 days
https://news.sky.com/story/liz-truss-to-resign-as-prime-minister-sky-news-understands-12723236
https://old.reddit.com/r/ukpolitics/comments/y8x0fx/liz_truss_to_resign_as_prime_minister_sky_news/
https://old.reddit.com/r/unitedkingdom/comments/y8x05f/prime_minister_resignation_megathread/
https://old.reddit.com/r/europe/comments/y8x2sc/liz_truss_resigns_as_uk_prime_minister/
https://old.reddit.com/r/tories/comments/y8x2b1/elizabeth_truss_pm_resignation_mega_thread/
https://old.reddit.com/r/stupidpol/comments/y8x4px/liz_truss_resigns_as_uk_prime_minister_after_45/
https://old.reddit.com/r/GreenAndPleasant/comments/y8x3yt/she_has_quit/
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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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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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Cutting taxes during inflation is a lot like not thinking trans lives matter
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"To cut inflation, you can decrease the supply of money."
"So you're saying we should cut taxes?"
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It's not just about taxes- it's about responsible spending and not putting more money into the system than is needed. Otherwise we end up with more debt and more inflation.
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Every time the UK pound has fallen over the past year, there were tax cuts.
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BIPOC what tax cuts
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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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May Allah makes 1 euro = 1 pound so I will be able to buy games in UK for much cheaper
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The value of the euro will drop if Germany doesn't solve it's energy problems.
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Bongistan has bigger energy crisis because they don’t trans lives matter
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Bongs only tied their currency to one wellfair state(Scotland) the germs tied theirs to most of eastern Europe. It was a smart move at the time, try selling cars overseas when your marks are so powerfull, but it might come back to frick them.
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Yeah, real smart. Let's tie our currency to a failing state and watch our economy tank. That's a great plan.
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Just have both crash
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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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Ridiculous grift, KwasiBIPOC's former employers made millions from their bet that the pound would tank and I'm almost certain he's going to make beaucoup bucks from destroying the economy too.
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Hi
@ManBearFridge,
Your comment has been automatically removed because you forgot to include
trans lives matter.Don't worry, we're here to help! We won't let you post or comment anything that doesn't express your love and acceptance towards the trans community. Feel free to resubmit your comment with
trans lives matterincluded.This is an automated message; if you need help, you can message us here.
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