Will Liz Truss really last only 17 more days?

[Uninspiredusername]

Newspaper reports as scathing as ever, and The Times suggesting Tories are lining up Sunak and Mordaunt as a duo.

can’t stand the woman but surely she’ll hold on for a bit longer - everyone was saying Boris would go much earlier than he did. And why on earth did they vote her into power in the first place 🙄

Since I also pay my energy bills to the French government, can they be capped at 4% too please.

Since I also pay my energy bills to the French government, can they be capped at 4% too please

The finance minister, Bruno Le Maire, said the increase in the cost of gas and electricity would be capped at 15% from January.

EDF sues its own government for £7bn

www.energylivenews.com/2022/08/12/edf-sues-its-own-government-for-7bn/

France closes dozens of swimming pools over soaring energy costs

Vert Marine, which operates pools and ice rinks across France, said Monday that its annual energy bill had jumped to 100 million euros ($99 million) from 15 million euros -- a figure it said equalled "the company's entire annual revenue".

www.france24.com/en/europe/20220907-france-closes-dozens-of-pools-over-soaring-energy-costs

Off to watch a film now....

Its good to hear that you go off shift at the same time under the new management.

We’ve had abject populist leaders for years who talk a lot, don’t deliver much and blame everyone else. Including their own party reducing the pool of talent in their own cabinet each time. So much so, their lack of basic macroeconomic understanding and hubris meant they couldn’t even see the global economy was on a knife edge. Then the mini budget pushed it over so Truss now gets the blame for all of it.

Can’t say I have any sympathy for her and her kind that have stoked division for so many years. Even if she does go soon, the economic issues aren’t going to change for a while and we need the most talented available politicians and economists in charge now to help us navigate, not a narrow bunch of fanatics.

To do list: deal with the end of 13 years of cheap money that has allowed house prices and other assets to get out of control. 6% mortgages are more normal historically, but obviously aren’t affordable at today’s house prices and associated debts. The transition will be painful for many. Who we have in charge will determine how painful.

scaringly real ... 😁

Keep reading about a coup tonight.
How can they possibly get away with replacing her after all that's gone on and expecting the public to just say ' oh ok ! Crack on'
It would be just an absolute piss take.

They’ve done it by stealth. Hunt’s the real PM now.

How does she continue in post with her authority so overwhelmingly undermined?

Two major U turns, a sacked chancellor with whom she was in lock step and whom she threw under the bus, a new chancellor who has confirmed today that there will be cuts in public spending and not the tax cuts promised, reversing her position.

If I were she I would bow out now.

Imo she is there to keep markets from seeing further change right now. Maybe she actually wants to go but has been told pretty much to stay for a bit.

After Hunt statement or before if things look calmer I reckon the wagons will circle more

It should be written in law somewhere, shouldn't it, that you get one unelected replacement but that's it, so if the new PM balls it all up, tough....time for a GE or you just have to stick with what you've got.

It is extraordinary isn't it. Almost a governmental power of attorney. Hunt's taken the bank cards and will stand at her shoulder when she signs stuff. The UK must look an utter basket case.

For completeness...(because the detail sometimes gets missed by other posters 😉)

You are correct, there4% cap in France at the moment for domestic consumers and small companies..larger companies/municipal organisations aren't getting the same support.

Domestic cap goes up to 15% next year, those in need will still also in line for a grant.

For 12 weeks they debated and had a leisurely leadership battle that was clear to most people that her policies were just bonkers. Tax cuts was her mantra despite Rishi Sunak repeating that it wouldn't work and what would happen
Many conservative members that had a vote couldn't bring themselves to have him because of his heritage and what he did to Boris Johnson. It was never about the country or the rest of us , always about their own blinkered view of the world.
They have massively messed up and Ms Truss is clearly out of her depth and we now have a caretaker in control who probably can't believe his own luck!

Jeremy should stick the knife in and say don't worry Liz I'll do the Charle's run this week and when she starts to say something mime walking away .....

You would assume her cabinet are Truss fans so how do they take working for Hunt? Starmer will kill her at PMQs and rightly so.

Jeremy on Kussenberg now saying that he checked with the prime minister that it’s okay for him to be totally honest with people.

So she’s been telling porkies 🤔

Austerity Mark 2 ..
JH , a compassionate government.. yeah right !

He’s talking about taking difficult decisions now. Tory members didn’t want to hear that over the summer from RS and listened instead to the charlatan.
Beggars belief!

Already started hasn't it?
It's the war, it's the pandemic , it's the energy crisis, all things handled by them and not necessarily that well.
Yet now we have to suck up yet more austerity measures to help them out
The black hole is 45 billion pounds

The conservative voters didn't watch the hustings , it's the only thing I can think ( apart from the obvious things why they don't vote for Rishi Sunak)
Hunt is defending the indefensible now

How he can sit there and do this is beyond me
Typical Conservative , party first
Screw everyone else

It all feels rather hopeless really

It does feel hopeless
45 billion to save
Maybe going after the fraudsters of furlough might be a start !

Ben Wallace threatening to walk if he doesn't get his 3% defence spending. I don't think folk have clocked what that will mean from £48bn now to £100bn in real terms by 2030. The impact on public spending with that alone will be huge.

Ben Wallace decided not to stand after discussions ‘with colleagues and family’. Instead, he extracted a pledge from Liz Truss to raise defence spending to 3 per cent of GDP by 2030.
But after Jeremy Hunt’s media round this morning, that pledge appears to be in danger. Wallace does not appear to be happy about that.
The Mail on Sunday has friends of his saying he is ‘rethinking’ his objections to running for leader. One chatty friend of Wallace tells the paper:
“
Ben is concerned that the economic problems mean that the Prime Minister could U-turn over her pledge to increase defence spending to 3 per cent of GDP by 2030. He is very concerned that we could be on the brink of a global war, and wants to make sure that we are well-protected as a country.

Matt Hancock saying to restore stability you can’t go around slagging off institutions like OBR, BoE, IMF.

He meant you JRM. The same wally who trotted off to the Queen to prorogue parliament.