He’s barely had time to open the boxes since he moved to Downing Street and Liz Cage on the way to having to repack everything in a hurry. in just three weeks first minister sank sterling, sunk sterling bond market and mortgageand threatened pension funds. “How not to run a country”, He summed up his performance in ‘The Economist’. The effects of the mini-budget presented by the Minister of Finance, Kwasi KwartengTogether unprecedented tax cutleft a trail of destruction behind.
The Bank of England had to avoid a Lehman Brothers-style disaster in 2008. rescue operation £65,000m three days after Kwarteng’s announcement 45,000 million tax breaks financed by borrowed money. Up until then, the government’s credibility in financial markets had been directly in vain. “I’ve never seen anything like this. I have never seen such incompetenceNever,” exclaims economist and professor David Blanchflower angrily.
budget at the bar
The consequences of this are also political. The hurricane caused by Truss left the country. Conservative Party in record time. ‘Tories’ believe lost the next election, within two years. The punishment prepared by the voters would be similar to the electoral defeat at the hands of Tony Blair in 1997. Latest YouGov poll to Labor 33 pointsthis will be an equivalent overwhelming majority. Speaking on Channel 4, the ‘amount’ deputy said, “If there is an election tomorrow, they will sweep us away. It looks very bad for the party.” charles walker, to whom colleagues budget seems like a clumsy business. “Apparently they wrote the numbers on the back. snuff pack‘, he confirms, and he is not mistaken. ‘The Guardian’ is the story of Truss and Kwarteng, his friends and neighbors in Greenwich. Richard the Firstpub from your neighborhood.
“Why don’t you admit you were wrong?”
After going into hiding during the market-shaking days, the prime minister resurfaced giving a series of interviews. local radios. He assumed that “suburb” journalists would be more docile than London hounds. He was wrong. “Damn, what was I thinking?The Radio Kent presenter missed it. “How can conservatives be trusted again on the economy?”Aren’t you ashamed of what you’ve done?“.
When Truss blamed it on Radio Bristol Putin What happened, the journalist jumped. “Was Putin responsible for the intervention of the Bank of England?” “Why doesn’t he admit he was wrong?” Someone told him “people were afraid of not being able to heat the house, now fear of losing your home“. lattice a lousy communicator and their long silence was even worse. robotic responses. “It looks like a message on the answering machine that says ‘Sorry, Government has left, please call later,’” one of his critics on Twitter said. Even his team was embarrassed.
Will he come by Christmas?
Scissors come lengthwise with water Conservative Party annual conference It will begin this Sunday in Birmingham and will be closed by the new leader from the speakers gallery on Wednesday. The atmosphere is not for celebrations. The fears of his rival in the leadership race, the former Finance Minister, have been fulfilled. Rishi AltarTruss’ plan is “a fairytaleAltar will not attend the meeting, but his followers will. worst start in memory After a new administration, people wonder how long Liz Truss will last,” says ‘The Economist’. Some are privately betting that she won’t be able to make it to Downing Street for Christmas. Others suggest that she fire Kwarteng and return completely. She’s around the budget. does not seem willing to heed this advice.