The downfall of the Tory party.

[Cheshire Cat]

Bank of England in fresh emergency move to calm markets Bank of England in fresh emergency move to calm markets

 

[Chippy_Tea]

Climbdowns​

Under pressure from its MPs, the government has been forced into a series of embarrassing climbdowns since the mini-budget, including U-turning on a plan to scrap the top rate of income tax.
Experts believe Mr Kwarteng will have to row back on more of his tax cuts or drastically cut public spending.
On Tuesday, the Institute for Fiscal Studies think tank warned government departments could see "big and painful cuts" of up to £60bn a year to balance the books when Mr Kwarteng announces his economic plan on 31 October.
Sir John Gieve, a former deputy governor for fiscal stability at the Bank of England, said the Bank had primarily stepped in to protect pension funds, many of which hold government bonds as investments.
However, he said the "underlying problem" was that investors did not believe the government would be able to cut spending enough before its growth measures took effect.

https://www.bbc.co.uk/news/business-63211743

 

[Cheshire Cat]

Is that what I posted

 

[Chippy_Tea]

Is that what I posted

Yes but its a very long article so I thought i would bring one of better parts of it here, time for another U turn i think .

Mr Kwarteng will have to row back on more of his tax cuts or drastically cut public spending.

 

[Bosch]

Do the realists in the Republic want anything to do with Northern Ireland?

There was a conference in Dublin recently discussing what a United Ireland may look like.

Ever since Brexit, people south of the border are talking more about the possibilities and the practicalities of a United Ireland.

Brexit opened a pandoras box of nationalism across both islands.

 

[samale]

There was a conference in Dublin recently discussing what a United Ireland may look like.

Ever since Brexit, people south of the border are talking more about the possibilities and the practicalities of a United Ireland.

Brexit opened a pandoras box of nationalism across both islands.

My daughter was at it, she's 17 and travelled down with her friends from school. She's very much into Irish history, I plan to attend the next one in Belfast on the 23rd of November.

 

[johncrobinson]

This government is finished.
The proper thing would to be go now,With at least some vestige of decency and dignity.

 

[Bosch]

My daughter was at it, she's 17 and travelled down with her friends from school. She's very much into Irish history, I plan to attend the next one in Belfast on the 23rd of November.

I heard Jimmy Nesbit's speech was great.

https://www.bbc.com/news/world-europe-63094415

 

[samale]

I heard Jimmy Nesbit's speech was great.

https://www.bbc.com/news/world-europe-63094415

Refreshing to hear different views.

 

[Agentgonzo]

This government is finished.
The proper thing would to be go now,With at least some vestige of decency and dignity.

That would be very un-Tory!

 

[Bosch]

Refreshing to hear different views.

It is.
David McWilliams was talking about what he thinks a United Ireland would look like.

He suggests a new National Anthem, Flag and a federal style system.
Not to turn a United Ireland into a zero sum game

 

[samale]

It is.
David McWilliams was talking about what he thinks a United Ireland would look like.

He suggests a new National Anthem, Flag and a federal style system.
Not to turn a United Ireland into a zero sum game

My mind is open to all suggestions, it's clear that the current setup doesn't work.

 

[samale]

Nice to see someone tell it how it is

 

[Bosch]

My mind is open to all suggestions, it's clear that the current setup doesn't work.

Well for a national anthem we could have Enya's 'Orinocco Flow.'

 

[Cheshire Cat]

Pound Plunges As Bank Of England Boss Warns Pensions Bail-Out Has Just Three Days Left

In 4 weeks Truss has destroyed both the economy and the Tory party.

 

[Agentgonzo]

Pound Plunges As Bank Of England Boss Warns Pensions Bail-Out Has Just Three Days Left

In 4 weeks Truss has destroyed both the economy and the Tory party.

... and potentially the lives of everyone who is retired, or plans to retire at some point.

 

[Cheshire Cat]

If this happened in France there would be a revolution and the government forced to step down, like in 1968.
That tw*t Snooty said
”Truss’s plan for growth will turnaround our fortunes.”

Replace our with my and he’s right.

 

[johncrobinson]

There must be lights,A lot of lights burning very late.Both in Tory party HQ and Tory members homes.

What Truss needs is a bunker,A big deep bunker.!!!
Just like the one Hitler had.

 

[Cheshire Cat]

There must be lights,A lot of lights burning very late.Both in Tory party HQ and Tory members homes.

What Truss needs is a bunker,A big deep bunker.!!!
Just like the one Hitler had.

Hitler shot himself in the bunker, she’s already done it.

 

[Shirley Bassett]

But unlike Hitler, she’s only shot herself in the foot.