The Mudcat Café TM
Thread #168430   Message #4153440
Posted By: Steve Shaw
23-Sep-22 - 05:37 PM
Thread Name: BS: Brexit & other UK political topics
Subject: RE: BS: Brexit & other UK political topics
Sorry, Bonzo old chap, but the Tories have been in charge for twelve long years and have presided over the worst growth, just about, in the western world, as well as flatlining productivity. They have never demonstrated that they have the first clue as to the answer. They are now working directly against the Bank of England (who at least have teams of seasoned economists, not Truss blow-in ideologues). The markets, for what they're worth, have seen the threadbare and gambling nature of the latest approach and the pound is tanking. There is no international confidence in this government. You can't get growth if no-one has the confidence to invest in the country, and you can't get growth if the mass of people (not just the super-rich) haven't got the money to go and spend in shops. Retail spending plummeted in August. Just you wait for Christmas. And the government have not put money in most people's pockets, at least nowhere near enough to give them any more than just being able to plough a bit into their energy bills, then go along to the nearest food bank. What we've seen today is right-wing ideology and Tory hubris writ large. We're stuffed.