Very well known Exeweb poster
- Nov 28, 2006
Of course the Mirror would say all that. But it's beyond short sighted imho. And I'm sure you'd remark, of course I'd say that.So after a couple of traumatic weeks or so of being PM , what’s the general opinion on Ms Liz? Will she suddenly surprise us and solve all our problems in miraculous fashion or will she enjoy a shorter tenure than Theresa?
Answers on a postcard please summing up her performance to date in not more than ten words.
Mark Steel says Liz Truss insists that by allowing the rich to become richer, she will 'boost the economy'. In the meantime, people around the UK are struggling to make ends meetwww.mirror.co.uk
As I said in my previous post, the top rate of tax is a political weapon that handcuffs this country to quite a degree. What the Mirror spews is simply age old class war stuff. You know, evil bankers hoarding their seven figure bonuses offshore avoiding all tax and never spending it., whilst we have record numbers visiting food banks. It's such a way off from the truth. The problem for Truss and the Tories is that it does resonate.
My opinion is that I'm more impressed with her long term plans than I was with the previous PM, although I think Covid scuppered most of Boris's goals early doors (if he ever had any).
Tax is at an eye watering level here. It simply needs to be brought down. Last Friday was a good starting point imho (get the bad news out of the way early), but there's some way to go on it.
As you all know, the BOE and interest rates has been a major bugbear of mine for over ten years. I'm not going to rabbit on further here along the lines of 'I told you so' and chickens coming home to roost, yada yada. The Tories are partly to blame as they had a hand in putting Carney then Bailey in charge ,I suspect with a remit of - whatever you do, keep interest rates low. Anyway, the markets will be forcing hands now on that front. With inflation around 10%, having interest rates around the 1% mark was always going to end in tears. We've nearly had a generation now that's used to gorging on cheap credit with the interest rates on the floor. Runaway inflation, that's being seen around the world, was always going to put an end to it and the BOE have been way too slow to react. When the inflation rate was a mere 5% in 2007, interest rates almost matched it.