Obvious to pretty much everyone except the party leader, apparently.
Liz Truss - an unending void of horror and pain
- Bird on a Fire
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Re: Liz Truss - an unending void of horror and pain
We have the right to a clean, healthy, sustainable environment.
Re: Liz Truss - an unending void of horror and pain
It’s small comfort, but you may enjoy the sweet sweet taste of Tory tears in the comments to Daniel Hannan’s moronic article (claiming the markets reaction was due to a fear of Starmer)
https://conservativehome.com/2022/09/28 ... -tax-cuts/
https://conservativehome.com/2022/09/28 ... -tax-cuts/
Re: Liz Truss - an unending void of horror and pain
I peaked at my savings and pension today. I am very very very unhappy. Before I did that I was just furious with this shower of fools, now I’m personally very worried.
Re: Liz Truss - an unending void of horror and pain
My avatar was a scientific result that was later found to be 'mistaken' - I rarely claim to be 100% correct
ETA 5/8/20: I've been advised that the result was correct, it was the initial interpretation that needed to be withdrawn
Meta? I'd say so!
ETA 5/8/20: I've been advised that the result was correct, it was the initial interpretation that needed to be withdrawn
Meta? I'd say so!
Re: Liz Truss - an unending void of horror and pain
I have even less idea, but the bold bit: Surely current inflation is not due to consumer spending or anything else internal to the UK economy, it's due to the high cost of essential imported or globally-traded commodities. So surely reducing consumer demand won't help and will simply turn a recession into a depression?lpm wrote: ↑Wed Sep 28, 2022 10:58 amWell, I'm beaten. I've no idea what happens next and how all these economic factors play out.
My only guess is that the BoE will slam up short term interest rates to 6% or 7% over the next three months, crash the housing market and consumer demand, and then wait for a sharp recession. Inflation will burn out because no-one can afford to spend. Then the BoE can axe interest rates again like the 2008 emergency measures, and hope to god the patient's heart starts beating again.
Re: Liz Truss - an unending void of horror and pain
That's what the Tory press wants us to believe.
It's not true. Inflation was worrying before the invasion. It's inherent in the return from Covid lockdowns and economic policy. It is due to excessive consumer demand exceeding available supply.
Obviously gas prices overlay a large amount on top. But the underlying inflation internal to the UK was pretty bad and is now terrible.
ETA: as an illustration, the Cost of Living thread on this forum was commenced a month before Putin invaded Ukraine. The root cause is not war.
It's not true. Inflation was worrying before the invasion. It's inherent in the return from Covid lockdowns and economic policy. It is due to excessive consumer demand exceeding available supply.
Obviously gas prices overlay a large amount on top. But the underlying inflation internal to the UK was pretty bad and is now terrible.
ETA: as an illustration, the Cost of Living thread on this forum was commenced a month before Putin invaded Ukraine. The root cause is not war.
Last edited by lpm on Wed Sep 28, 2022 9:52 pm, edited 1 time in total.
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Re: Liz Truss - an unending void of horror and pain
Just looked at mine and I can see that the fund value is < contributions, which isn't ideal.
I'm comforting myself by looking at recovery times from previous Great Economic f.ck Ups and reminding myself that I had no chance of retiring in the next 20 years anyway.
- Woodchopper
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Re: Liz Truss - an unending void of horror and pain
View from the US
https://foreignpolicy.com/2022/09/28/li ... y-markets/Economists and political commentators worldwide have concluded that the government has a road map but doesn’t know how to drive.
“This is a government which is driven by ideology. It wants to cut taxes but is incoherent and basically doesn’t know what it’s doing,” Portes said. Citibank described the move as a “huge, unfunded gamble for the U.K. economy.”
That has led markets to factor in what some economists call a “moron risk premium” on their investments—the expectation of higher returns for being willing to hold the debts of a blundering government.
Re: Liz Truss - an unending void of horror and pain
People always mistake articulacy for intelligence.
And the reverse, thinking inarticulate speakers are stupid.
So I have a lot of sympathy for Liz Truss in these radio interviews, with her constant pauses and stumbling sentences. It's entirely wrong for the twitterati types to mock her for it. Not being an Old Etonian smooth talker is a good thing.
Her lack of understanding and incompetence, on the other hand...
And the reverse, thinking inarticulate speakers are stupid.
So I have a lot of sympathy for Liz Truss in these radio interviews, with her constant pauses and stumbling sentences. It's entirely wrong for the twitterati types to mock her for it. Not being an Old Etonian smooth talker is a good thing.
Her lack of understanding and incompetence, on the other hand...
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Re: Liz Truss - an unending void of horror and pain
Very much this.lpm wrote: ↑Thu Sep 29, 2022 8:25 amPeople always mistake articulacy for intelligence.
And the reverse, thinking inarticulate speakers are stupid.
So I have a lot of sympathy for Liz Truss in these radio interviews, with her constant pauses and stumbling sentences. It's entirely wrong for the twitterati types to mock her for it. Not being an Old Etonian smooth talker is a good thing.
Her lack of understanding and incompetence, on the other hand...
Also, local radio presenters are very much not as rubbish as some people seem to think they are. I saw some comment beforehand (wish I could remember where) about the fact that her first public "appearances" were going to be a series of soft local radio interviews. Soft is definitely not the word I'd use.
Re: Liz Truss - an unending void of horror and pain
And on an entirely personal note, Tuesday was a really properly sh.t day to put a house on the market.
Bugger.
(And no, we can't wait to move, it's not us moving, mum's gone into a care home and we're selling her house as she doesn't need it any more and we're not near enough to keep an eye on it, so we need it gone)
Bugger.
(And no, we can't wait to move, it's not us moving, mum's gone into a care home and we're selling her house as she doesn't need it any more and we're not near enough to keep an eye on it, so we need it gone)
- Little waster
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Re: Liz Truss - an unending void of horror and pain
Take it away Lizzee Rascal with guest appearance by EPD's avatar.
This place is not a place of honor, no highly esteemed deed is commemorated here, nothing valued is here.
What is here was dangerous and repulsive to us.
This place is best shunned and left uninhabited.
What is here was dangerous and repulsive to us.
This place is best shunned and left uninhabited.
Re: Liz Truss - an unending void of horror and pain
Just seen this tweet from Paul Mason - clickybagpuss wrote: ↑Thu Sep 29, 2022 9:30 amAlso, local radio presenters are very much not as rubbish as some people seem to think they are. I saw some comment beforehand (wish I could remember where) about the fact that her first public "appearances" were going to be a series of soft local radio interviews. Soft is definitely not the word I'd use.
Something like that?It's OPERATION ROLLING PARTRIDGE!!! Liz Truss is going to hit BBC •local radio• stations this morning where a bunch of sleep-deprived non-expert presenters will throw her soft questions, while she dodges the heavy hitters.
(I wouldn't underestimate local radio either, but I'm not sure this is the best example of how good they are. Seems a bit shooting fish in a barrelish to me.)
Re: Liz Truss - an unending void of horror and pain
Angela Rayner wrote:Liz Truss has finally broken her long painful silence with a series of short painful silences.
My avatar was a scientific result that was later found to be 'mistaken' - I rarely claim to be 100% correct
ETA 5/8/20: I've been advised that the result was correct, it was the initial interpretation that needed to be withdrawn
Meta? I'd say so!
ETA 5/8/20: I've been advised that the result was correct, it was the initial interpretation that needed to be withdrawn
Meta? I'd say so!
Re: Liz Truss - an unending void of horror and pain
I think that may have been it, yes. And true, it was rather shooting fish in a barrel, and not all were the best, but some of the interviewers were clearly on excellent form.monkey wrote: ↑Thu Sep 29, 2022 2:30 pmJust seen this tweet from Paul Mason - clickybagpuss wrote: ↑Thu Sep 29, 2022 9:30 amAlso, local radio presenters are very much not as rubbish as some people seem to think they are. I saw some comment beforehand (wish I could remember where) about the fact that her first public "appearances" were going to be a series of soft local radio interviews. Soft is definitely not the word I'd use.
Something like that?It's OPERATION ROLLING PARTRIDGE!!! Liz Truss is going to hit BBC •local radio• stations this morning where a bunch of sleep-deprived non-expert presenters will throw her soft questions, while she dodges the heavy hitters.
(I wouldn't underestimate local radio either, but I'm not sure this is the best example of how good they are. Seems a bit shooting fish in a barrelish to me.)
- El Pollo Diablo
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Re: Liz Truss - an unending void of horror and pain
Latest Redfield Wilton poll gives Labour a 17-point lead. Also shows Labour beating the SNP in Scotland, which is surely nonsense.
If truth is many-sided, mendacity is many-tongued
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Re: Liz Truss - an unending void of horror and pain
YouGov poll gives Labour a 33 point lead. https://www.thetimes.co.uk/article/youg ... -n90lqlgf7
Labour won’t win an election with that. But a victory is looking likely
Labour won’t win an election with that. But a victory is looking likely
- El Pollo Diablo
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Re: Liz Truss - an unending void of horror and pain
Hook it straight to my f.cking veins
If truth is many-sided, mendacity is many-tongued
Re: Liz Truss - an unending void of horror and pain
Pretty sure they wouldWoodchopper wrote: ↑Thu Sep 29, 2022 5:00 pmYouGov poll gives Labour a 33 point lead. https://www.thetimes.co.uk/article/youg ... -n90lqlgf7
Labour won’t win an election with that. But a victory is looking likely
- El Pollo Diablo
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Re: Liz Truss - an unending void of horror and pain
Sticking the data tables into electoral calculus is great fun
https://www.electoralcalculus.co.uk/fcg ... y=2019base
https://www.electoralcalculus.co.uk/fcg ... y=2019base
If truth is many-sided, mendacity is many-tongued
Re: Liz Truss - an unending void of horror and pain
I thought Truss would get quite a nice little honeymoon boost.
All that ritual of being anointed by the Queen, entering Number 10, getting cheered by Tory MPs. Then the glorious opportunity of leading the funeral stuff and being centre of international diplomacy with all the visiting heads of state. Plus the whole not-Boris thing.
A negative honeymoon is unprecedented in UK history or in other countries, surely.
All that ritual of being anointed by the Queen, entering Number 10, getting cheered by Tory MPs. Then the glorious opportunity of leading the funeral stuff and being centre of international diplomacy with all the visiting heads of state. Plus the whole not-Boris thing.
A negative honeymoon is unprecedented in UK history or in other countries, surely.
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- El Pollo Diablo
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Re: Liz Truss - an unending void of horror and pain
Four polls released in the last hour or two:
Redfield-Wilton: Lab lead of 17 points
Deltapoll: Lab lead of 19 points
Survation: Lab lead of 21 points
YouGov: Lab lead of 33 points
Redfield-Wilton: Lab lead of 17 points
Deltapoll: Lab lead of 19 points
Survation: Lab lead of 21 points
YouGov: Lab lead of 33 points
If truth is many-sided, mendacity is many-tongued
Re: Liz Truss - an unending void of horror and pain
That's clearly broken. It shows Labour winning, say, Winchester when of course the Tory vote would go to LibDems. The very low 7% national vote for LibDems would in reality hold up well in their usual target seats, even if it evaporated in all their irrelevant seats.El Pollo Diablo wrote: ↑Thu Sep 29, 2022 5:10 pmSticking the data tables into electoral calculus is great fun
https://www.electoralcalculus.co.uk/fcg ... y=2019base
Awarded gold star 4 November 2021
- El Pollo Diablo
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Re: Liz Truss - an unending void of horror and pain
I agree, but clearly we're into model-breaking territory here
If truth is many-sided, mendacity is many-tongued
- El Pollo Diablo
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Re: Liz Truss - an unending void of horror and pain
Tory conference starts on Sunday.
Lol.
Lol.
If truth is many-sided, mendacity is many-tongued