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Diary Of A Rambling Madwoman
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I did not know there was ‘ a left-wing economic establishment’ or that it had such great power.
It should act more often. During the 12 years of austerity by several Conservative Chancellors the left-wing economic establishment stood idly by and did nothing. Or when Sunak borrowed £400Billion cursing generations to having to pay it back, the left-wing economic establishment was silent.
(I’m beginning to suspect it doesn’t exist, and that she has made it up because any other excuse would confirm that she is a dangerous ideologue.)
It should act more often. During the 12 years of austerity by several Conservative Chancellors the left-wing economic establishment stood idly by and did nothing. Or when Sunak borrowed £400Billion cursing generations to having to pay it back, the left-wing economic establishment was silent.
(I’m beginning to suspect it doesn’t exist, and that she has made it up because any other excuse would confirm that she is a dangerous ideologue.)
She's just supporting her position. Whatever you think of her economic views it's clear her downfall was because of the massive step change which meant the markets wanted the safety of backing off and seeing what the situation was after the dust had settled. No one is going to be convinced it was because of anything else. Incompetent application of controversial policy.
Whatever your views on the policies she attempted to introduce, there is no doubt that they were rejected by the people who stood to lose most should they fail. This is OK up to a point, but most of us don't get to pick and choose (and ultimately bring down a Prime Minister) if the government introduces policies we're not too fond of. So before people ask whether the Unions are running the country, they should ask whether the money market manipulators are.
That said, unless some properly costed policies are introduced which will encourage growth in the UK economy, it is doomed to suffer "stagnation." An ever-growing population requires an ever-growing economy or the end result is per capita impoverishment. With 5m working age people deciding they no longer wish to work, a similar number who never have and never will, many who do work not exactly cracking on with it, and those that are doing their bit being taxed to the hilt to support those who are not, I'm not holding my breath.
That said, unless some properly costed policies are introduced which will encourage growth in the UK economy, it is doomed to suffer "stagnation." An ever-growing population requires an ever-growing economy or the end result is per capita impoverishment. With 5m working age people deciding they no longer wish to work, a similar number who never have and never will, many who do work not exactly cracking on with it, and those that are doing their bit being taxed to the hilt to support those who are not, I'm not holding my breath.
she's not wrong, she might have expected a reasonable honeymoon to introduce her policies, good or bad or plain stupid, and certainly didn't get it. But it was the right-wing Tory establishment, not the imaginary leftwing economic establishment, that panicked and threw her out.
I think I'm right in saying Major was the only Tory PM in the last half century to be thrown out by the opposition rather than by their own party: an odd definition of "strong and stable government"
I think I'm right in saying Major was the only Tory PM in the last half century to be thrown out by the opposition rather than by their own party: an odd definition of "strong and stable government"
I said just after she took office that anyone describing themselves as a 'professional controversialist' is probably going to be trouble because it sounds like someone that sticks pig headedly to stupid ideas ignoring all advice to the contrary.
So it turned out, and she's still saying 'I was right all along'.
So it turned out, and she's still saying 'I was right all along'.
“ So before people ask whether the Unions are running the country, they should ask whether the money market manipulators are. …
those that are doing their bit being taxed to the hilt to support those who are not, I'm not holding my breath“
financial services take up in excess of 10% of the UK’s GDP… a fair amount of that is laundered criminal money but that’s by the by… it is an extreme imbalance which means in practise that our prosperity is reliant on a tiny number of extremely well-paid people and completely at the mercy of money markets rather than industries which are a more economically resilient…
in other words… protecting the power of “money manipulators” over the UK’s economy has been a central part of tory ideology for thirty years or more.. they can’t now complain about the consequences
those that are doing their bit being taxed to the hilt to support those who are not, I'm not holding my breath“
financial services take up in excess of 10% of the UK’s GDP… a fair amount of that is laundered criminal money but that’s by the by… it is an extreme imbalance which means in practise that our prosperity is reliant on a tiny number of extremely well-paid people and completely at the mercy of money markets rather than industries which are a more economically resilient…
in other words… protecting the power of “money manipulators” over the UK’s economy has been a central part of tory ideology for thirty years or more.. they can’t now complain about the consequences
#thicklizzy was a harsh but fair hashtag that was being posted even before Truss was PM, and definitely during, when everything predicted came to pass in a slow car crash (but not that slow, given she's the shortest PM in history).
Her ignorance and obstinacy was astonishing, and created a lot of chaos and expense that our country could have done without.
And now astonishment on astonishment, she's not her guv (or is that gov?). The Conservative party is not a broad church any more, it's a chasm.
Her ignorance and obstinacy was astonishing, and created a lot of chaos and expense that our country could have done without.
And now astonishment on astonishment, she's not her guv (or is that gov?). The Conservative party is not a broad church any more, it's a chasm.
Gromit - are you criticising the borrowing of £400bn during Covid?
If you are, don't you think you're just a tiny bit hypocritical?
I can well remember your posts during Covid, when you continually provided no context statistics to try to show how bad it was and when you supported the (entirely unnecessary) lockdowns and paying people to sit on the their backsides. I could provide links to your love of lockdown if I could be arsed, and I don't recall you whining then about the money.
I was whining about the money at the time, as were one or two others, because it was obvious we were storing up trouble for later, as has proven to be the case, but you weren't.
If you are, don't you think you're just a tiny bit hypocritical?
I can well remember your posts during Covid, when you continually provided no context statistics to try to show how bad it was and when you supported the (entirely unnecessary) lockdowns and paying people to sit on the their backsides. I could provide links to your love of lockdown if I could be arsed, and I don't recall you whining then about the money.
I was whining about the money at the time, as were one or two others, because it was obvious we were storing up trouble for later, as has proven to be the case, but you weren't.
//The UK unemployment rate is not 10million, it is 1.2million.//
I’m not talking about the unemployment rate. I’m talking about those of working age who are not in work. The number of people in the UK aged 18-64 (that are known about) is about 42 million. The ONS quotes an “in work” figure of around 75%. That means over 10m are not “in work.” Some of them may have justification, but many have not. There are large numbers of 18-24 year olds who have decided that work is “not for them” at all; there are large numbers of 50-64 year olds who got used to not working during the pandemic and decided to make it permanent. When a country has such a large proportion of its working age population not working, its productivity will not be up to much.
I’m not talking about the unemployment rate. I’m talking about those of working age who are not in work. The number of people in the UK aged 18-64 (that are known about) is about 42 million. The ONS quotes an “in work” figure of around 75%. That means over 10m are not “in work.” Some of them may have justification, but many have not. There are large numbers of 18-24 year olds who have decided that work is “not for them” at all; there are large numbers of 50-64 year olds who got used to not working during the pandemic and decided to make it permanent. When a country has such a large proportion of its working age population not working, its productivity will not be up to much.
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