Thursday, 29 September 2022

And We Thought Things Could Only Get Better

Considering that Liz Truss and Kwasi Kwarteng have only been in the big chair for 23 days and for 12 of those politics was suspended for the funeral of the Queen, that they have managed to tank the British economy, forced the Bank of England to raise interest rates to try and dig them out of a hole and give Labour a 17 point lead in the polls in what amounts to 11 days is pretty impressive in a WTAF kind of way.
Their mini-budget, or fiscal event as they deemed it, did have the effect of bringing most people together because almost everyone who wasn't earning above £150,000 per annum hated it including most of their own side, rumours have it that letters of no confidence have already gone in to the 22 committee and that took Boris Johnson almost two years to reach that stage and he was an outrageously awful Prime Minister.
Obviously they couldn't take the blame for the spectacular fall in the economy and did the media rounds this morning trying to blame everyone else including Putin and the Labour Party but as far as i am aware it wasn't Putin who handed out £45 billion of unfunded tax cuts and Labour have not been in power since 2010 so that's a bit of stretch even for this pair.
So hapless is Liz Truss that even when she went on the BBC local radio stations this morning to try and calm things down and stop the financial panic it resulted in the markets falling even further which would be funny if it wasn't so serious.
The record books show that the Prime Minister with the total shortest period in office was George Canning, who lasted 119 days in 1827, but the way she has started  lasting another 96 days in power seems highly improbable although if she is still there then nobody will know because we won't be able to afford the electric to turn on our TV or radios, those who haven't sold them and now live under an upturned wheelbarrow that is anyway.

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