I've not been about much today but I'm shocked to see how little response there has been on here to the events of today.
As I've said all along Truss campaigned to become the next PM by attacking Rishi's increased borrowing and raising of taxes to keep the government's spending commitments funded.
Obviously an economy with high growth and low taxes is attractive to everyone irrespective of your personal political leanings but basic maths tells you that you can't spend money you haven't got (or can borrow, or you can save the equivalent in cutting your expenditure elsewhere).
Surely that is basic commonsense to everyone isn't it????
I can completely understand Truss selling a vision to get elected to PM but I never dreamt for one moment that she'd act on it as she did!
That (as I've said before on here) tells you two critical things -
1 - She doesn't understand the basis of how the economy works, and,
2 - She has no political nous - in other words she believed more in the political dogma she was selling than understanding how it would be viewed and received in the real world.
Both are terminal political flaws.
She should never have been able to challenge to become PM let alone achieve it!
She is in a dead man walking situation and is now viewed as a lame duck and liability to the vast majority of the electorate.
The Tory party must remove her as quickly as they are able to and find a 'neutral' caretaker PM to replace her - someone like IDS or Hauge perhaps - someone who will be supported by all the various groups now trying to get Truss out.
Finally I can't resist having a little dig at the halfwits on here and would just like to point out that everything I predicted since Boris finally jumped was spot on, namely that Truss should not be elected PM because she clearly didn't understand how the economy works and that the massive black hole of £42 billion was the issue to focus on and not the sideshow of the (in relative terms) puny amount (£3 billion) involved in the 45% tax rate cut.
Must I point out that the U-turn on the tax cut was two weeks ago - and no one was much bothered about it as such in economic terms (because it was small fry) - but everybody and their dog got their fangs stuck into Truss and Kwarty about the £42 billion 'black hole' they created, which has cost Kwarty his career in politics and will shorty do the same for Truss too.
My message to anyone out there who has kindly read so far is that you may not like me much as a poster but more often than not I do actually know what I'm talking about...