To be starting to really worry about Liz Truss

[Anothernamechangeplease]

OK, so I'm not a Tory. I hate Boris, and despise the rest of them. I don't hold or much hope of any of them actually doing anything to address the problems that we're currently facing, because I don't think any of them actually give a toss about ordinary people. Of the two candidates that are left in the Tory leadership contest, I would pick Rishi, because I think he has a more realistic understanding of the economic challenges, but obviously, I'm not a party member so I have no say in the matter.

Nevertheless, I have been relatively sanguine and the prospect of Liz Truss as leader, a) because I figured that things couldn't get much worse than the shit show that we have had under Boris, and b) because I am pretty sure that she will be utterly unelectable when it comes to the next general election, so worst case scenario would be that we have another couple of years of crappy Tory government, exacerbated by the cost of living crisis, and then we can be pretty confident of getting shot of them. So, pretty shit all in all, but survivable.

But listening to everything that she is saying she wants to do, to the economic forecasts, and to the analysis from both within and beyond the Tory party, I'm starting to get really very worried. All this talk of huge tax cuts and massive reductions in public spending...I fear that she is going to make the looming economic crisis infinitely worse at a time when we can least afford to risk it. Nearly all economists seem to agree that her plans are going to make things worse, not better.

We are already at breaking point. Public services are on their knees. Businesses are struggling to stay afloat. People both in work and out of work are struggling. The most vulnerable are already having to choose between bare essentials such as eating and heating. Inflation continues to soar, energy prices are going off the scale, interest rates are going up... and she is about to make it worse! We just don't have the resilience in the system to cope with this.

I am actually very worried about what is going to happen. This could be very bad indeed, and a lot of people are going to suffer. If we end up with austerity on steroids in the midst of an unprecedented economic crisis, there will be massive civil unrest, surely?

[Believeitornot]

@Clavinova

Believeitornot
That is why they want tax cuts for the rich and the idea of growth benefitting everyone is just nonsense
similar economic policies were followed in Chile

Similar economic policies were followed by President Macron?

www.reuters.com/article/france-tax-idUSL5N26M3SG

taxfoundation.org/emmanuel-macron-2020-france-tax-plan/

www.reuters.com/world/europe/macrons-government-defends-french-tax-cuts-spending-with-2022-budget-2021-09-22/

That doesn’t change the fact that Macron is trying to apply a failed economic model which is neo liberalism and he lost his massive majority as a result - because of the impact on those lower down the financial rung.

I am not sure what your point is? Chile was a democratic country then the US interfered, and they ended up under a military dictatorship applying the same economic thinking that Thatcher loved.

People can’t imagine what the end game of these economic policies are probably because they have never engaged with the theory. Free markets does not mean letting business doing their thing and some state services still being around. It means zero state services except the military and the police. Every man for himself. It sounds absurd, because it is absurd.

Furthermore the idea that lower taxes = growth is not proven. It is based on the Laffer curve = which was some made up bullshit not based on evidence and experience. No one knows what the sweet spot is and economists argue about it, yet we have a government effectively using it as gospel.

There is a reason that the pound tanked when they announced their mini budget.

[Zilla1]

Electricity saving advice is clearly nanny state and the highest priority for the PM to stop as a clear signal of her being strong and different and things. Water saving advice during a drought is clearly different...

[Believeitornot]

@Zilla1

Electricity saving advice is clearly nanny state and the highest priority for the PM to stop as a clear signal of her being strong and different and things. Water saving advice during a drought is clearly different...

🤣

[CockingASnook]

OK, mea culpa. Back at the start of this thread I said Liz Truss was ‘thick’ and utterly unsuitable for the role of PM. I was wrong. I now recognise what a stroke of genius her appointment was in order to kill off the Conservative party for the next decade. Thank you, Tory party members, for your forward-looking common sense.

[RemusLupinsBiggestGroupie]

Surely she has to go. She and KK planned the financial stuff together - disgusting to sack him and act like she can survive. She'd clearly throw her granny under the bus. I actually (and it really pains me to say this) think she's looking even worse than BJ, and I didn't think that was possible.

[vera99]

Has she ever done kung-fu that double-hand chop reminds me of those that break breeze blocks with their bare hands? Hopefully, KK will kick a door in on the way out and shit in a flower pot on the way out whilst shouting you bitch - they go back over 10 years or more and have been intimate definitely a version of killing your bestie to save yourself.

[Abhannmor]

G'wan Liz. Right up to January 2025. Do your worst. Or whatever Tory bastard succeeds you.

But fear not ; your gang will be back in whatever is left of the UK. You will be in the Lords then or some shite daytime TV show.

[Dave20]

Liz Truss is the type to sell her own granny, to get what she wants.

[QwithaC]

@Elmore

Mumsnetters love to catastrophise about politics but it’ll be fine. Tax cuts benefit all of us

I was looking up catastrophise earlier to find a thread in relation to the psychological term and came across this. I had to chuckle reading it with the benefit of hindsight now!

[QwithaC]

@MaryTruss

This aged well 😂

Lol, I've just come across it too!