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Liz fucking Truss then.....


Bjornebye
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Tories drift out to odds against 13/8  from odds on to win most seats at next election. 

 

https://www.oddschecker.com/politics/british-politics/next-uk-general-election/most-seats

 

If that drift continues Truss could find herself in serious trouble from backbench MPs. Then watch some Tories and the media bull up the return of bonzo Johnson to fight the next election for the Tories.

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US Treasury secretary

Former Treasury Secretary Lawrence Summers has blasted the economic policies being adopted by Liz Truss, and warned that the pound could tumble below parity against the US dollar.

Summers gave a blistering condemnation of the UK government, speaking on Bloomberg Television’s “Wall Street Week” with David Westin.

 

“It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market. Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”

Summers, who was Secretary of the US Treasury from 1999 to 2001, said he wouldn’t be surprised if the pound eventually gets below a dollar, if the current path is maintained.

He added: "This is simply not a moment for the kind of naïve, wishful thinking, supply-side economics that is being pursued in Britain.”

 

(From the Guardian)

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4 minutes ago, Strontium said:

All those people who voted for Brexit and the Tories because they felt they had nothing to lose, are going to find out that, in fact, they had quite a lot to lose.

Says man who's party propped up the man who gave us austerity and a referendum.

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