UK Politics Thread (Part 2)

We seem to be going all in on the city of London. I don’t understand how this strategy will benefit anyone outside of London. How are wages going up in London going to help those in Barrow or Sunderland, now or indeed 6 months from now? Will there magically be new jobs for them by then.

It’s enough to make you think they are trying to wreck the country and get the next government in asap - as the longer anyone stays on the current ship the less likely are to be ever elected again. If any u-turns are made will Kwarteng have to go?

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It’s the ‘Trickle up (North)’ effect. Wealth will move up the M1/M6 until it reaches all those ghastly places where people speak with regional accents.

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Seems it will be less of a “levelling up” and more of a “levelling”…

Well, someone needs to have the cash to buy those overpriced German cars

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Somewhere Sunak is sitting back, on his really posh arm chair, sipping a beer and smiling…

I think he will have to go - his talk of commitment to fiscal discipline right now is nothing less than comical.

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Not going to the conference. Can’t blame him.

Labour very rightly made it publicly known that the bag of shit left at the country’s doorstep belongs to the Tories and they won’t weasel their way out of owning the financial damage they are currently inflicting. Labour really need to regularly remind the public of this throughout the next 2 years until the election, and just as importantly, when Labour are in government. Don’t let them get out of this. If Labour spend their first term just navigating out of the Tory induced quagmire, then remind everyone of that! Fuck em.

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:rofl:

I dont think that is the case. I think they know they have 18 months to make an impact on voters and so thought they had to move quickly and bigly!

They have a view on how things do or should work and dont listen to the counterpoints from people with a better understanding.

They also appear to have misunderstood how much goodwill markets have to decisions they think are not very smart.

If they had played it safe they would have probably been fine but egos got in the way…

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I don’t either. It just seems like such a big miscalculation (regarding the other points you make) that it emphasises the disconnected (to reality) world they are apparently in and would appear as though they are running the system to zero.

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Lol at new line of defence…

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When is the next election supposed to be?

Just saw shares of some insurance companies getting hammered - due to bank margin calls forcing them to sell gilts they hold which are already falling in price…

Give it a few years of tabloids banging out that message, and everyone in England will believe it

if people can still read that is…

I’m not sure how to do this tweeter business but I’ll give it a go:

Well, for the US it is. 10% discount on assets from last week alone!

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For years now the Tories have had a lunatic fringe that has wanted to do what Truss and Kwarteng have done. The fanatical small state trickle down ideologues. There has always been the bulwark of a Prime Minister and Chancellor without quite the insanity between them to do that.

Now they have what they want and there is nowhere to hide. The new leadership team’s first direct intervention has been an absolute catastrophe.

Labour just have to make sure they can keep this pinned on the Tories and they don’t weasel their way out. I’ve seen polling today that suggests a 50 seat majority for Labour if there was an election tomorrow.

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