Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts

Sunday, 21 August 2022

The dilatory Tory contest over who will be your next pm drags on.....and on


It's more than six weeks since Boris Johnson resigned, but because of the extraordinarily leisurely timetable devised by the Conservative Party, it's still going to be another two weeks before we discover who they have decided to foist on us as our next prime minister.

Do you remember when the Tories told us we couldn't possibly change pm because of the multiple crises besetting Brexit Britain? So why is it ok now to endlessly dilly and dally with no one in charge? 

Johnson was never very keen to do the hard graft even when he was pm (remember all those COBRA meetings he ducked?), so what did the Tories think he would do once he'd been given his marching orders? How about: take endless holidays, set up lavish parties at other people's expense, play at being a soldier or a pilot?

Pretty well everything, in fact, apart from dealing with the cost of living crisis, the climate crisis, the water shortages, the galloping inflation, the summer of discontent and the other horrors the Tories have inflicted on us.

Now as Truss and Sunak continue to knock lumps out of each other, apparently even the Tories are beginning to wonder whether they have let the contest go on too long, and whether this undignified battle over the greasy pole is doing terrible damage to what's left of the party's reputation. My heart bleeds.


Saturday, 6 August 2022

Thought for the day: the triumph of delusion

I have seen a lot of political contests in my time, but surely none so deluded, dishonest and divorced from reality as the alarming battle for the votes of Conservative members between Rishi Sunak and Liz Truss in order to be your next prime minister. Unless you are one of those Tory members, who are now, judging from the promises being made to them, very, very far to the right indeed, of course you get no say in who's going to run your life. Apparently that's democracy.

It's bad enough to have Sunak promising to set up Chinese Communist-style 're-education' camps for anyone who dares to criticise the Tories, but surely even worse are super-lightweight Truss's innumerate plans to 'take risks' with the British economy. Translation: risks with your job, mortgage, savings, pension, business, life.

Following the trusted Brexit formula of 'promise them anything', and never take a tough decision, the failed Thatcher tribute act is going to raise spending AND reduce taxes - primarily for the rich obviously. Never mind the debt burden this will impose on your children and grandchildren, never mind the runaway inflation the ship of fools is stoking. Never mind that virtually every economist thinks it's mad, apart from Patrick Minford of 'Brexit is great but it will destroy industry in the UK' fame.

As a born again Brexit-er, Truss thinks that if she just BELIEVES hard enough, the British economy will grow so fast that magic money trees will spring up everywhere, no doubt creating forests in which those elusive Brexit unicorns will finally appear and gambol. 

Truss will win and be your next prime minster. They may call her 'Thick Lizzie' but she has sussed that there is no market for truth and realism in the modern 'Conservative' Party. 

Wednesday, 29 November 2017

Brexit; quadruple (or more) whammy


Another bad week for Brexit. Here are a few of the lowlights.

The UK lost the EU medicines agency and banking authority in spite of rather bizarre assurances from Brexit secretary David Davis that in this instance, Brexit would not mean Brexit and they would stay in London. So up in smoke went more than 1,000 high quality jobs the UK had fought very hard to get, and our international prestige received a huge dent.

It was revealed that since the Brexit vote, European banks had dumped £350bn of UK-linked assets. That’s more than twice the entire NHS budget.

Brexit will cut government tax revenues by £42bn between 2019 and 2021. That’s about half the entire education budget. And because of the higher prices it has caused, Brexit has produced an effective £448 pay cut for every worker.


And one thing we can be sure of, until Theresa May changes course, there will be plenty more bad news.

Thursday, 4 August 2016

Brexitwatch: turkeys vote for Christmas - 1



About 60 per cent of Britain's old age pensioners voted for Brexit. But in many ways they have the most to lose from leaving the EU.  About 75,000 of the people working in adult care, such as old people’s homes, come from the EU.

This work is notoriously poorly paid, and replacing them could prove very difficult. Already the sector has 70,000 unfilled vacancies. As the population ages, an independent report by two NGOs reckons that by 2020, it will be short of 200,000 workers.

It is a similar story in the NHS. One doctor in every ten, and one nurse in every 25 comes from Europe.


The Express, one of the most virulently anti-EU propaganda sheets, is now panicking about the effects of Brexit, warning pensioners: ‘your retirement funds are set to shrink’ because of falling interest rates and rising inflation. Not to mention the fall of the pound. Should have thought of that before you urged people to vote Leave.