Just a few weeks into her premiership, Liz Truss, is already floundering on the political rocks, with talk amongst some Tories of trying to change the rules on leadership challenges, so they can trash the Truss and start again, I might add, yet again! The mini budget presented by the new chancellor rewarded the richest 1% with a tax cut, and along with reversing the NHI increase, introduced only a few months ago by the previous chancellor, Rishi Sunak and a number of other policies, which were to be funded by increased government borrowing, forcing an intervention by the BOE, to steady the financial markets as Britain PLC’s financial viability was called into serious question!
A large swathe of Tory backbenchers might rebel, has there been the first major u-turn of Truss’s premiership, with Truss, throwing the chancellor under the bus, claiming this policy had nothing to do with her, yeh right and in turn, desperately looking for some minion to blame for such a catastrophically stupid idea, the attention now turns to Chris Philp, Chief Secretary to the Treasury blamed for the idea to abolish the top rate of tax, which of course, he denies!
The government says households will save £400 per year as a consequence of the cut in the basic rate of tax, but of course, due to their utter clumsiness, it means foreign holidays will cost more, food will cost more, just about everything will cost more...
The chancellors’ speech at the Conservative party conference was very lack - lustre’ on Monday, daring not to table any new policies, as he hasn’t really got any that are safe to voice!
Should the chancellor resign immediately?
There’s also the accusation that number 10 banned King Charles from attending the COP 27 climate change summit in Egypt, which is denied, of course, by one of her cabinet ministers!
What do you make of the news that the UK is facing a shortage in the supply of gas this winter?
Liz Truss, says she’s not bothered about being popular, well you can rest assured Miss Trust, that you have indeed succeeded in that!
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