Thanks Liz you utter *****

[Jack2jack]

Unbelievable, What a mess, no doubt we are going to pay a high price on Thursday.
https://www.theguardian.com/politics/2022/nov/12/revealed-the-30bn-cost-of-liz-trusss-disastrous-mini-budget

 

[Jackmanandboy]

Behind the political narrative what really cost us was pension funds using swaps to bet on Gilts. Another miss selling scandal that has been largely buried by the media that we will all pay for. Truss disturbed the market but the market was already hamstrung by the vast amount of pension liabilities covered by swaps. When prices dropped pension funds had to sell to maintain liquidity driving prices down further and further.

 

[Best_loser]

Behind the political narrative what really cost us was pension funds using swaps to bet on Gilts. Another miss selling scandal that has been largely buried by the media that we will all pay for. Truss disturbed the market but the market was already hamstrung by the vast amount of pension liabilities covered by swaps. When prices dropped pension funds had to sell to maintain liquidity driving prices down further and further.

Poor kwasi , Eton , Cambridge then a career at a bank and hedge fund in the city , how was he supposed to know all that

 

[Jackmanandboy]

Poor kwasi , Eton , Cambridge then a career at a bank and hedge fund in the city , how was he supposed to know all that

A number of pension fund managers had been blowing the whistle the pensions regulator chose to ignore the warnings, heads should have rolled at the regulator, but we just carry on waiting for the next miss selling scandal to hit our pockets.

 

[MajorR]

It’s outrageous, she messes it up, country and it’s people are getting hammered and there’s barely a mention of it in most papers.

George Eustace also lays in to her for the Australia trade deal which is not in our interests. We’re being sold down the river!

https://www.just-food.com/news/australia-free-trade-deal-not-good-for-uk-says-former-minister-eustice/


https://news.sky.com/story/george-eustice-brands-australia-free-trade-deal-a-failure-in-brutal-swipe-at-liz-truss-12747723

 

[Pegojack]

Nothing will change until this group of Tory scum are kicked out of government and consigned to the dustbin of history.

In the meantime, Truss collects her £115,000 a year pension as an ex prime minister for the REST OF HER LIFE, thanks to her sterling forty odd days service destroying the British economy. You couldn't make it up.

 

[Longlostjack]

It’s outrageous, she messes it up, country and it’s people are getting hammered and there’s barely a mention of it in most papers.

George Eustace also lays in to her for the Australia trade deal which is not in our interests. We’re being sold down the river!

https://www.just-food.com/news/australia-free-trade-deal-not-good-for-uk-says-former-minister-eustice/


https://news.sky.com/story/george-eustice-brands-australia-free-trade-deal-a-failure-in-brutal-swipe-at-liz-truss-12747723

All those fantastic trade deals they promised eh? Another Brexit lie to add to the many.

 

[KrunchyKarrot]

A number of pension fund managers had been blowing the whistle the pensions regulator chose to ignore the warnings, heads should have rolled at the regulator, but we just carry on waiting for the next miss selling scandal to hit our pockets.

I would like to add it is the Public Pension fund managers situated in the big building next to the BoE. What Truss tried to do might have been the correct way according to most economists, but the implementation was abysmal to say the least.

 

[monmouth]

I would like to add it is the Public Pension fund managers situated in the big building next to the BoE. What Truss tried to do might have been the correct way according to most economists, but the implementation was abysmal to say the least.

It's not the right way according to any economists beyond the ridiculously brain dead Minford is it?

Has nothing to do with implementation although that was at typical Truss fayre.

 

[monmouth]

A number of pension fund managers had been blowing the whistle the pensions regulator chose to ignore the warnings, heads should have rolled at the regulator, but we just carry on waiting for the next miss selling scandal to hit our pockets.

Sorry, what is the mis-selling bit?

 

[KrunchyKarrot]

It's not the right way according to any economists beyond the ridiculously brain dead Minford is it?

Has nothing to do with implementation although that was at typical Truss fayre.

No there was and is support for a growth budget, im not saying it is correct as its above my pay grade and only time would judge.

 

[Best_loser]

No there was and is support for a growth budget, im not saying it is correct as its above my pay grade and only time would judge.

No chance of growing the economy out of this mess it might work for some countries who don't have a huge government debt are energy independant and have a manufacturing industry , that's not the UK , tax rises are the only option , everybody is going to have to get used to being worse off

 

[Jack2jack]

No chance of growing the economy out of this mess it might work for some countries who don't have a huge government debt are energy independant and have a manufacturing industry , that's not the UK , tax rises are the only option , everybody is going to have to get used to being worse off

So you know all the money we used to send to Europe, where the hell has all that gone to.

 

[Glyn1]

It’s outrageous, she messes it up, country and it’s people are getting hammered and there’s barely a mention of it in most papers.

George Eustace also lays in to her for the Australia trade deal which is not in our interests. We’re being sold down the river!

https://www.just-food.com/news/australia-free-trade-deal-not-good-for-uk-says-former-minister-eustice/


https://news.sky.com/story/george-eustice-brands-australia-free-trade-deal-a-failure-in-brutal-swipe-at-liz-truss-12747723

George Eustace was one of the biggest Brexit supporters of them all. He promised us a land of milk and honey. A trade deal with the US, lots of employment when the foreigners left etc etc. He needs to find someone to deflect the blame. I wouldn't trust a single thing that he says.

 

[MajorR]

George Eustace was one of the biggest Brexit supporters of them all. He promised us a land of milk and honey. A trade deal with the US, lots of employment when the foreigners left etc etc. He needs to find someone to deflect the blame. I wouldn't trust a single thing that he says.

I agree with you about Eustace, but the deal has been roundly condemned by numerous others including farming groups, trade groups and other politicians.