To think Jeremy Hunt as Chancellor is good

[MrsRobinsonsHandprints]

I mean how bad has it got that Jeremy appears rational, decent and competent. I never imagined in all my years that I'd be pleased he had been given an important job, but now he seems acceptable.
How has the situation in politics become so dire that JH seems like a good choice?

www.visualcapitalist.com/satellite-maps-shanghais-supply-chain-standstill/
I work in the global supply chain industry. We have incoming goods still sitting in containers. They have been for months.
www.weforum.org/agenda/2022/07/interest-rate-hikes-inflation-rate-economy
Even the ECB is raising rates, the world currency the dollar controlled by the fed has seen extremely aggressive rate rises.

The problem I have with the poster of your ilk is your laborite activism shines through with ignorance, one post, after another.
I think we should call a GE then we'll at least see a united party in power. We'll also see we don't exist in a vacuum away for the global marketplace of trade and commerce.

Not sure whose Labourite activism you’re referring to but it’s obvious to me that you continue to ignore the hand the government had in the fiscal event.

The opinions of institutions like the IMF, IFS must be nonsense and the second U turn by the government in as many weeks must be fundamentally wrong 🙄

Like JRM keep peddling nonsense. There may just be enough people to fall for it.

The OBR was set up by the Conservatives to keep an eye on the Labour Party
You can't make this up really !

The Imf predicted recession on the one hand and then growth on the other.

Do you think labour has a fresh supply of energy, money, jobs, and materials?
I've shown you the epicenter of global trade, it's blocked. Yet you ignore it.
Ignorance is bliss.

He is tory scum

Very intelligent comment. You been taking lessons from the giant intellect that is Ms Rayner?

I agree - you continue to ignore the reckless decisions that this new PM has made and the havoc they’ve wreaked.

@Kellie45 aww thanks

@Kellie45 Very intelligent comment. You been taking lessons from the giant intellect that is Ms Rayner?

Love it !* *Right on the ball !😂😂

I thought the polls were suggesting that the SNP would be the official opposition.

You do really think the markets as every person now extol the virtues of.
Want the government to borrow more money to prop up the covid mess.
First, it was Boris, now Truss.
People think that increasing UC will stabilize the economy, and paying people's mortgages will stabilize the economy.
GE needs to be announced.

Liz Truss recognised that growth must be today’s priority, and that economic liberalisation delivers it. That much of her own party and many right-leaning voters wouldn’t go along with the hard economic changes that so many Western economies desperately need to reignite growth does not augur well for Western nations’ economic future. We are stuck in a cycle of stagnation now and the Blob and not the government will dictate economic policy. Truss’ was an ill delivered try in the right direction but now we are stuck with years of decline.

"that economic liberalisation delivers it."

This is not proven. However, one way of supporting this assertion would have been to have provided an OBR forecast. Funny that they didn't think it would have been useful.

Years of decline eh?
No change there then !!

Someone else is responsible for the actions of BJ and LT now?

I expect that they’re all fed up with the infighting and the mess they’ve helped create that they’d be glad for an election too.

Let someone deal with this mess.

Because it's all she's got.

The Daily Mail hailed the mini-budget as the first true Tory budget. After this U-turn will they eat humble pie? Of course not, having cheered and championed every Tory disaster over the past 12 years.

It was of course a budget for growth. Sadly the Blob killed it off.

It was half a budget full of untested policies w/o an OBR forecast.

It exacerbated rate rises and led to the BoE spending over £19 billion shoring up bonds &gilts.

The Blob just refers to anyone that doesn't trust right wing populist rhetoric - which it seems includes the financial markets.

Ffs

amp.theguardian.com/politics/shortcuts/2013/oct/02/michael-gove-referring-to-the-blob I was intrigued by what the Blob was. This article attributes it to Michael Gove who used it about teachers when they didn’t like his “reforms” in 2013.

Give over. It was an economic disaster and the markets, IMF, BoE and gilts reacted accordingly. But of course they’re all wrong and you’re right. 🙄

Won’t someone think of the Markets? Used to be the Tory mantra. Now the die-hards are saying the markets are all wrong. That amount of mental gymnastics would give anyone a headache.

@Kellie45 Can you explain something to me?
We have had the same governement for 12 years, why had they not thought to do something for growth before last month?