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General Election?
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Starmer was asked earlier by the BBC about the possibility of asking for a General Election now.
He was coy and said he’d certainly like to see parliament recalled.
Current odds on one before Xmas are 20/1. Think I’ll have a cheeky fiver on that!
Anyone else?
He was coy and said he’d certainly like to see parliament recalled.
Current odds on one before Xmas are 20/1. Think I’ll have a cheeky fiver on that!
Anyone else?
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//Clearly not, because they definitely don’t like the present ones,//
/It's not yet been a week!. Give it time (and wait for the full plan in November). In the meantime, nobody will die because of these changes (most of which will not come in until next year). Keep Calm!/
Full plan in November? If it’s that good they’d not have been so secretive over the OBR, would they?
Furthermore, they’ve spooked everyone so badly that Tory backbenchers won’t wait until November, nor will anyone else, BofE and IMF included.
They said they were going to hit the ground running, will deliver three times over.
To do that you have to have a credible and believable plan.
From now on in it would have to run perfectly smoothly but they’ve already shot their bolt and it missed…..by a country mile.
//Clearly not, because they definitely don’t like the present ones,//
/It's not yet been a week!. Give it time (and wait for the full plan in November). In the meantime, nobody will die because of these changes (most of which will not come in until next year). Keep Calm!/
Full plan in November? If it’s that good they’d not have been so secretive over the OBR, would they?
Furthermore, they’ve spooked everyone so badly that Tory backbenchers won’t wait until November, nor will anyone else, BofE and IMF included.
They said they were going to hit the ground running, will deliver three times over.
To do that you have to have a credible and believable plan.
From now on in it would have to run perfectly smoothly but they’ve already shot their bolt and it missed…..by a country mile.
fripfrip
//There is'nt a snowflake in hells chance of the conservatives calling a general election yet,keep your money in your pocket.//
Of course they won’t, but if there isn’t a major upturn immediately and Truss crumbles their may well be a clamour for everyone to move to a motion of no confidence in His Majesty’s government.
Everything right now is out of their control and Labour and Starmer especially have grown into the role and in contrast to the current government look very credible, but so would the Keystone Cops at present!
//There is'nt a snowflake in hells chance of the conservatives calling a general election yet,keep your money in your pocket.//
Of course they won’t, but if there isn’t a major upturn immediately and Truss crumbles their may well be a clamour for everyone to move to a motion of no confidence in His Majesty’s government.
Everything right now is out of their control and Labour and Starmer especially have grown into the role and in contrast to the current government look very credible, but so would the Keystone Cops at present!
….and now government departments are being told to find cuts.
https:/
Shell, BP and the others must know they’ve got a charmed life with Truss at the helm.
The Tories will need to perform a Lazarus style comeback but as their own have said, they’ve left it all too late.
They’re done for.
https:/
Shell, BP and the others must know they’ve got a charmed life with Truss at the helm.
The Tories will need to perform a Lazarus style comeback but as their own have said, they’ve left it all too late.
They’re done for.
//All governments need to devise ways of allowing taxpayers to keep more of their own money; they can spend it far more wisely than governments can.//
Ah, but this is giving a very small number of (already wealthy) people lots more money, but the people who really need it get nothing; the "trickle down" policy that has been shown to not work, and heavily based on the same principles of a 1970s budget that wrecked the economy... And I believe that I could spend tax money far more wisely than the current government, actually. Most people could.
//Much of the "chaos" on the markets is caused by spivs short selling Sterling and talking it down. Once they've made their cut the markets will settle and the hysteria will abate.//
But what if it settles as it is now? £1 to $1-ish, £1 to 1Euro-ish. Everything we import is just about to get even more expensive, inflation is still heading upwards, the poorest are going to be even poorer and interest rates are going to go up too. Many economists said that the immediate consequences of what has just been done were entirely predictable (as they happened in more-or-less exactly the same way the last time they were tried - and failed).
It's not looking good...
Ah, but this is giving a very small number of (already wealthy) people lots more money, but the people who really need it get nothing; the "trickle down" policy that has been shown to not work, and heavily based on the same principles of a 1970s budget that wrecked the economy... And I believe that I could spend tax money far more wisely than the current government, actually. Most people could.
//Much of the "chaos" on the markets is caused by spivs short selling Sterling and talking it down. Once they've made their cut the markets will settle and the hysteria will abate.//
But what if it settles as it is now? £1 to $1-ish, £1 to 1Euro-ish. Everything we import is just about to get even more expensive, inflation is still heading upwards, the poorest are going to be even poorer and interest rates are going to go up too. Many economists said that the immediate consequences of what has just been done were entirely predictable (as they happened in more-or-less exactly the same way the last time they were tried - and failed).
It's not looking good...
//A vote of no confidence would presumably only be called by the opposition - or as last time by the government if it knew it was going to win.//
Just on a point of pedantry, the last General Election was not held following a vote of No Confidence. It was held following the introduction of the "Early Parliamentary General Election Act 2019." This was described as "An Act to make provision for a parliamentary general election to be held on 12 December 2019." It effectively "trumped" the provisions of the Fixed Term Parliament Act 2011 by declaring that 12th December 2019 was to be “treated as a polling day appointed under the Fixed-term Parliaments Act 2011”.
The Fixed Term Parliament Act itself was repealed and replaced by the "Dissolution and Calling of Parliament Act" which received Royal Assent on 24th March this year. This restored the Royal Prerogative powers of the monarch to dissolve and summon Parliament. Since the Monarch exercises these powers on the advice of the Prime Minister, it effectively restored the right of the Prime Minister to call a General Election at a time of his or her choosing.
Just on a point of pedantry, the last General Election was not held following a vote of No Confidence. It was held following the introduction of the "Early Parliamentary General Election Act 2019." This was described as "An Act to make provision for a parliamentary general election to be held on 12 December 2019." It effectively "trumped" the provisions of the Fixed Term Parliament Act 2011 by declaring that 12th December 2019 was to be “treated as a polling day appointed under the Fixed-term Parliaments Act 2011”.
The Fixed Term Parliament Act itself was repealed and replaced by the "Dissolution and Calling of Parliament Act" which received Royal Assent on 24th March this year. This restored the Royal Prerogative powers of the monarch to dissolve and summon Parliament. Since the Monarch exercises these powers on the advice of the Prime Minister, it effectively restored the right of the Prime Minister to call a General Election at a time of his or her choosing.
//…but the people who really need it get nothing;//
If you’re paying little or no tax you cannot expect to gain much by a reduction in tax rates.
//But what if it settles as it is now? £1 to $1-ish,…//
So what if it does? When it dropped below $2 to the Pound I’m sure a similar question was asked. Ten years ago the Dollar was trading at around $1.60 to the Pound. Now it is about $1.08. Life goes on.
//…£1 to 1Euro-ish.//
It isn’t one euro-ish. The current £:euro exchange rate is about 1.12. In June the euro:dollar exchange rate was about 1.07. It is now about 0.96 – a drop of about 11%. The same period saw the £:dollar rate fall from about 1.24 to 1.08 – a drop of less than 10%. I don’t hear of any wailings of “unprecedented circumstances” from the eurozone, or of any “intervention” from the IMF.
//What would happen if no opposition turned up at pms question time .//
We’d all get a break from the circus that it is.
If you’re paying little or no tax you cannot expect to gain much by a reduction in tax rates.
//But what if it settles as it is now? £1 to $1-ish,…//
So what if it does? When it dropped below $2 to the Pound I’m sure a similar question was asked. Ten years ago the Dollar was trading at around $1.60 to the Pound. Now it is about $1.08. Life goes on.
//…£1 to 1Euro-ish.//
It isn’t one euro-ish. The current £:euro exchange rate is about 1.12. In June the euro:dollar exchange rate was about 1.07. It is now about 0.96 – a drop of about 11%. The same period saw the £:dollar rate fall from about 1.24 to 1.08 – a drop of less than 10%. I don’t hear of any wailings of “unprecedented circumstances” from the eurozone, or of any “intervention” from the IMF.
//What would happen if no opposition turned up at pms question time .//
We’d all get a break from the circus that it is.
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