Liz Truss and Kwasi Kwarteng were told by officials not to do what they did. They thought they knew more than the experts and now the British people are suffering the consequences of their reckless behaviour. Arrogant, inept political vandalism of the worst kind.
"The financial markets are expecting that the Bank of England will be forced to raise the official bank rate to 6%, to counter the inflationary effect of the Treasury’s mammoth tax cuts." That's Hargreaves Lansdown this morning. Most UK households could not afford these rates...
SPOKE TO TWO WOMEN THIS MORNING,BOTH SAYING THE SAME. AFRAID TO PUT HEATING ON,SITTING THERE COLD. WTF IS THE FIFTH RICHEST NATION DOING REDUCING PEOPLE TO THIS! ITS CRAZY.
I thought Truss would be a terrible prime minister but never in my wildest dreams did I think her premiership would melt down this spectacularly, this quickly. It's the most extraordinary thing I've ever seen in politics.
Andrew Bridgen talking utter tripe on Radio 4 right now. Apparently, inflation and the tanking pound can be blamed entirely on Putin, the Bank of England and not fracking. Nothing to do with the mini Budget, Brexit or general government incompetence.
#mastermind that's a vicious question. Some people may remember who was bowling when Sir Garfield Sobers hit 6 sixes, but who the hell remembers who was stood at the non-strikers end watching? 🤔🤣
BREAKING: Doncaster Sheffield airport to close. They'll start to wind down at the end of October.
In her first PMQs just over two weeks ago, Liz Truss said she'd protect it. @LBC
Has anyone noticed how ALL the #Brexit hams in light of the large tumble in the #Pound are now desperately oinking about how it went up a little from that new low?
#torychaos
In a state of shock. We just had a council by-election and for the fist time in the 30yrs I've lived here I've managed to vote for the winner. Always won by a Tory now it's gone from Blue to Green. Ok one council seat but a glimmer amongst all the current gloom! #torychaos
Congratulations to @GiorgiaMeloni on her party's success in the Italian elections.
From supporting Ukraine to addressing global economic challenges, the UK and Italy are close allies. 🇬🇧🇮🇹
I’d feel a lot more comfortable if @GordonBrown were running the treasury’s right now. Or if @KwasiKwarteng hadn’t sacked the Treasury’s most senior experienced civil servant there, or if the OBS had been allowed to see the budget. The chancellor and @trussliz are on an acid trip