Big Dog - Going, going, not quite gone. Thread 14.

[Notonthestairs]

Will it be Continuity Truss or "Socialist" Sunak in charge?

"Worth noting that govt is so confident of the appeal of #InvestmentZones (rebrand of #CharterCities), that councils are being given 24-48h to sign up with virtually no detail."

twitter.com/rtaylor_libdem/status/1574038376272908288?s=46&t=luzDbNW9EBvaeDgFJfyYKg

I believe it does Elodie but I doubt anyone's looking at it in our brave new world without shame. Shame is now the preserve of those children with empty lunchboxes.

#Shortingthepound is now trending on Twitter with 22,000 tweets

No smoke without fire. Sometimes Twitter is useful to get the word out.

On another thread I am being told that with out bankers investing like this we would not have mobile phones. One could hardly make it up!

EXCL: Mark Fullbrook is understood to have been promised by Liz Truss that his company could run the Tories’ next general election campaign if he joined her No 10 operation as chief of staff.

www.theguardian.com/politics/2022/sep/25/liz-truss-promised-chief-of-staff-next-tory-election-campaign-in-exchange-for-no-10-job

The Women's football show is on at 12. 25am, why so late again

Oops wrong thread, sorry all!

Pincher - "The Independent Complaints and Grievance Scheme (ICGS) has dropped the complaint because the alleged incident did not occur on the parliamentary estate, The Sunday Times and The Observer reported"

twitter.com/skynews/status/1574257810975727622?s=46&t=i1OfBRi1FpukPlzIjdvO3w

This seems odd given they knew it happened off site at the very start!

IT HAPPENED
The pound just plunged to the lowest EVER level against the US dollar, lower even than the 1985 nadir.
Touched $1.037 before rebounding slightly. Now at $1.0569.

twitter.com/edconwaysky/status/1574274790588022785?s=46&t=i1OfBRi1FpukPlzIjdvO3w

Terrifying 😱

Not a surprise at all. Every hedge fund and day trader has shorted the pound since Truss came in.
The Tory party fundraisers told them everything they needed to know. I’m sure Rees Mogg made a mint.
So brilliant for the hedge funds, awful for the UK Plc.

Government will not comment on the markets.

Sticking head in sand, that will work

EXCL: Mark Fullbrook is understood to have been promised by Liz Truss that his company could run the Tories’ next general election campaign if he joined her No 10 operation as chief of staff.

www.theguardian.com/politics/2022/sep/25/liz-truss-promised-chief-of-staff-next-tory-election-campaign-in-exchange-for-no-10-job

Kay Burley this morning

Why is the PM's Chief of staff, Mark Fulbrook, salary being paid by his lobbying company... how do you feel about that?

Chloe Smith - "I have no emotion on the matter, Kay"

Apparently it's Corbyn's fault.

In fairness to Conservative members more than 60 000 didn't believe in Truss.

V significant via @Steven_Swinford. No new spending review despite high inflation. Spending envelope set when inflation set to peak at 4%. Now forecast at 11% in autumn (currently). So big squeeze on pub sector pay + difficult choices for schools & hospitals as budgets squeezed

twitter.com/BethRigby/status/1574160307072761860?t=dClgC0MqvP1BAJHYflOPSw&s=19

Disastrous.

2 year gilt - 4.5% - highest since August 2008
twitter.com/faisalislam/status/1574298915704291328?t=byo3hFOxVXvydec5Y3v3Rw&s=19

it means it’s much more expensive for the government to borrow

Certainly true that the US dollar is v strong at the moment but note that the pound is also falling v fast against other currencies too.
Here it is vs the euro.
Down about 5 cents since the mini Budget

twitter.com/EdConwaySky/status/1574276445995601920?t=kQWAepmPhBHnodBIuWNMxA&s=19

That's reduced me to tears. A government that can't ensure that children are fed has no legitemacy at all. Shame on the lot of them.

They are also refusing to reinstate the £20 universal credit uplift

a millionaire will be £55,000 better off & that equates to 53 years of £20 UC uplift

Of course they are. I wouldn't expect anything less of the fuckers.

Anyone remember partygate and Johnson's legal advicer?

As we revealed a few weeks ago, privileges committee has drawn up a rebuttal to Lord Pannick - now published

They say his legal advice "is founded on a systemic misunderstanding of the parliamentary process and misplaced analogies with the criminal law".

twitter.com/breeallegretti/status/1574317012381212673?t=y3-9iBizIC4vARtd4AYk8Q&s=19

Once the Italians have formed their new government and completed their sharing of power , how long before Ms Truss is over in the next private jet to see them all ?
.

Sky just announced

Former Tory Minister saying "Liz is she is
at basic economics... they are playing A level economics with peoples lives... people are already putting letters in ..... I think she will crash the economy something has to give"

That should read "Liz is shit at basic economics"