Opinion: Sunak have no wiggle-room to fail

The ones that is rising up in hopes and grabbing their chair of joy. I would say your turning the tables a bit to fast. People should remember the time that Rishi Sunak, one of the wealthiest men in the United Kingdom was the Chancellor. He held that role for some time and had the ability to shift economic policies. That’s why this period has to be considered now that his officially the new Prime Minister of the United Kingdom.

I don’t want any ill for the man. This is his moment of prestige and prominence. He is taking over from a hectic turmoil of Truss and the falling pendulum of Boris Johnson. All the things that the Tories has done for 12 years and the shifts of policies are now rearing it’s ugly head. That’s not Sunak’s fault, but he was a part of it. He had plenty of time to make a difference, but he chose to align and work within those perimeters.

That’s why as his becoming the Leader of the Conservative Party and the Prime Minister. This is happening with the blessing of the Tories MPs and not the electorate. His the third PM of the 2022. Previously in the year he lost the campaign to Truss and now he succeeded the second time. Meaning his resilience and will to get there pushed him over the finish-line.

Because of that backdrop, I dropping a few breadcrumbs from the outlook on his term. The people he picks or appoints in cabinet will be detrimental and show his real alliances. Just like Truss chose to be aligned with ERG group of MPs. The same will be important to follow with Rishi.

That’s why these texts are important!

When it comes to tax and spend, Rishi Sunak is proposing nothing beyond current government policy in the short term – unsurprisingly, given that he set these policies as Chancellor. We therefore know a lot about what we would get under his premiership, at least initially, without his having to say much. We would have tax heading towards its highest sustained level in 70 years as a share of national income, though with an intention to bring taxes down once he has ‘gripped inflation’” (…) “There would be some headroom against the government’s fiscal targets – including the target of taxes covering all day-to-day spending by 2024-25 – though not enough to allow the Chancellor to rest easy, given the degree of economic turbulence and uncertainty. In the longer term, Mr Sunak has been clear that he does wish to cut taxes, but not until inflation has fallen back” (Stuart Adam Robert Joyce Isabel Stockton Tom Waters and Ben Zaranko – ‘ Tax and spending policies of Conservative leadership contenders’ 21.07.2022, The Institute for Fiscal Studies (IFS)).

The hike and the controversial loan-not-loan to deal with rising energy prices is “Treasury’s revenge for profligacy,” said another senior MP. But for many, it also highlights the line between good politics and good economics. If you hurt people in their pocket, it’s unlikely they are going to reward you at the polls. “The economic problems are starting to stick to him,” says another senior backbencher. “I think we are past peak Rishi.”” (Catherine Neilan – ‘’Past peak Rishi’: Why Conservative support is ebbing from Sunak as favourite to replace Boris Johnson’ 14.02.2022, Business Insider).

Whether Sunak has penned a note for his successor quipping that the money is all gone remains to be seen. He undoubtedly should. The Chancellor leaves a worse legacy than perhaps any predecessor of modern times. Inflation is running at nine per cent. The trade deficit has blown out to a mind-boggling eight per cent of GDP. The pound is tanking on the currency markets, real wages are collapsing, strikes are rampant, and the economy is heading for a recession. It is possible that Tony Barber, Edward Heath’s Chancellor of the early 1970s, left the nation’s finances in a worse state. But even that is debatable” (Matthew Lynn – ‘Rishi Sunak won’t be missed as Chancellor’ 05.07.2022, The Spectator).

There are certain aspects here that will key for the future. It is not like Sunak isn’t in favour of tax-cuts as well. That was the downfall of Truss and Kwateng. Certainly and hopefully he doesn’t usher in another “biscotti”. Who knows if his naive enough to do so?

What is striking is that his time as a Chancellor bought him enough peace in Westminster, but not across the Kingdom. Neither does he have the confidence or the grand support as other Prime Ministers. There is already calling for a snap election or a General Election. Since, the coronation of Sunak will be questioned. He don’t have a mandate or a popular vote behind him. His just a MP crowned because the two previous PM’s failed miserably.

Now as PM Rishi Sunak has not only to prove himself and his worth. Truss has broken the economy and the financial market. The Truss cabinet created worse for pensioners, gilt-markets and the mortgages, as the energy crisis is growing ahead of winter. Therefore, the Prime Minister has to stand tall and isn’t having it easy. That with the costs and burdens of Brexit will be put on him. The ramifications of that in combination of the downturn after the lockdowns and the biscotti “mini-budget” will linger over his head. There is no soft landing or time for a waiting period. He has to carry the weight and pick the right aides to find a way out of this.

As PM Sunak will not have the time or the ability to fail. We see how that cost Truss. He cannot do the same and risk it on the altar of financial speculations. That would again create prolonged agony and further the downfall of the financial market. The Tories has already shown how arrogant or ignorant of the plights of the general public. Now, one of the wealthiest men of the Kingdom has to prove that he cares and have the answers.

Time will tell if he does. It won’t be easy and he has to chose wisely. In the beginning he cannot risk or take gamble. If he does… he can easily follow Truss and be a short-term PM without a legacy worth clinging on too. Peace.

Opinion: Truss only lasted 44 days…

The reign of Prime Minister Liz Truss is one of the shortest. She was officially the Prime Minister from the 6th September 2022 and she resigned on the 20th October 2022. That’s only 44 days in office. She had two Chancellors and two Home Secretaries. While losing the Chief Whip and Deputy Chief Whip over a vote on the final full day, which happened to be yesterday.

We expected the letters to 1922 Committee was already in order. The PM had not only ostracized herself within the party, but also outside. The financial markets had not faith here and the public was alarmed. In the middle of a crisis of living with rising inflation, higher costs on basics and additional uproar over the prices of the electricity. There was enough trouble steering sea to able to cross into a safe-haven. However, Truss and her cabinet would steer right into the storm and never come out alive.

Prime Minister Truss and Chancellor Kwarteng really unleashed the “biscotti”. The wealthy was to live abundantly without fear of taxes or caps. There was supposed slashes in taxes and bankers was bound for a huge pay-off. It was early Christmas for the wealthiest in the Kingdom and they plenty of bounties on the way. However, it had a cost and the price was on the financial stability itself.

As the taxes, the money out of the markets and possible ramifications got consequences quickly. The trust in the gilt market fell exponentially and the mortgages was rising significantly. While the pensions funds was crashing down too. In addition, the Pound Stirling also fell in value and was devalued overnight too. There was no good news, but possible more austerity for the poorest while the richest was to get more gold. That was the project and the mission of the Truss era.

A Truss Era that only lasted a bit more than a month. She lost confidence everywhere. The PM has done several U-Turns, but nothing of she ever did helped her cause. Secondly, she also ended up forcing a fracking vote, which was a sort of confidence vote in her. Where the Tories MPs who didn’t vote on it would be deemed as “independents” and not Tory MPs. However, after seeing what happened today. That sort of forced vote didn’t help her case or the trust in her either.

The PM has not only failed the United Kingdom, but she has also failed the Conservative Party. Truss has shown the world not to govern. She even lost to a lettuce. The lettuce lasted longer than Truss.

Truss and her allies said the opposition was a “coalition of chaos” and an “anti-growth coalition”. However, the Tories themselves are these things and can only be seen as projections. Instead of looking into its own actions and what they have caused. The Tories have only caused chaos and been anti-growth. The Tories at this point is the creator of chaos… and their financial polices have only decreased the options for businesses or the financial markets. Therefore, Truss and such should be a bit more self-reflective about the actions made by herself or her appointed cabinet secretaries.

Liz Truss will be an example how in crisis to make things worse. Truss has shown how you can self implode and self-destruct without spending time in office. She is just the proof that even seasoned politicians can lack common sense and flexibility in concern to make wise decisions. That’s what she has achieved… and it’s a unique achievement.

The next successor better be aligned with some sound people in her cabinet. Secondly, better be careful with financial policies and the way forward. Truss has shown that you have to modify and carefully move forward. Not just go all in and thinking it doesn’t have consequences. Because, of the biscotti has now lost the office and her reputation.

So, I doubt you will see her sitting in a cafe in Norfolk in the future eating on a biscotti on the side of cuppa of tea. Peace.

Opinion: Truss, sacked in the morning?

Today has been a horrific day for the Prime Minister Liz Truss. Not only had she a bad day at the Prime Minister’s Questions (PMQs) in the House of Commons. Where she was taken new U-Turns and wobbling back-and-fourth. She has no confidence and things are falling apart.

Not only did the Home Secretary resign earlier in the day. Suella Braverman MP resigned and she has appointed a new one. Grant Shapps MP has now accepted this office, but it won’t be his for long. Expect it to be as long as the stint of Michelle Donelan MP who was Secretary for Education for two days in July 2022. The same might happen to him now.

Why do I say this?

Well, the Chief Whip Wendy Morton and Deputy Chief Whip Craig Whittaker has both resigned this evening over the rebellion in the fracking vote in the House of Commons. Certainly, nothing is going to plan or even as scheduled. The Prime Minister isn’t able to steady the ship.

No messaging is the same in the morning, as in the afternoon and then another change by the late evening. It is not strange that people give up. The PM even changed her perspective or promises on triple locking the pensions earlier today. After the U-Turns on the “Mini-Budget” and taxation in general. This after the gilt market, the pensions and the Pound Stirling has fallen in value. The markets are not trusting this government and why should they?

There is no stability or coherent messaging. The message is ever changing and the PM is following the wind. Certainly, the ERG haven’t helped her, but now she shouldn’t fear them. The PM should fear the call of the 1922 Committee in the morning. Because after tonight. There might be ramifications and a notification from Sir Graham Brady MP. Who has to pull through and have a “no confidence” vote.

If there isn’t enough letters sent to the 1922 Committee by end of today. I don’t know what is up or is down. There is nothing in the political sphere or in reach of a normality. It is just self-destruction, self-deprecating and depressing really. That the rebellion from within is happening so swiftly. However, Truss has created this quagmire and was able to usher this one in.

It is impressive and tragic at the same time. All of her career down the drain within 43 days. Whatever she was able to do before is now all gone. Boris Johnson, Theresa May and David Cameron can at least hold their heads high somehow compared to her. Even though Boris left with to many crisis and was deemed to fall eventually. While May just couldn’t carry the weight of Brexit. Just like Cameron didn’t want to be part of it. Because he knew it would be detrimental to his name. That’s why the ramifications of Brexit, the lockdowns of COVID-19 and the new “Mini-Budget” have all been feeding the fire. Truss didn’t handle the pressure and only made things worse.

Truss is actually the leader of the “anti-growth coalition” and the “coalition of chaos”. Nothing about the Tories right now oozes stability or growth. Everything the Tories tries to commit to or act upon, only turns sour. There is nothing that tastes good or is promising about the Truss government. The only thing that could be good.

Is the press release from Sir Graham Brady saying a “no confidence vote” is scheduled after meeting the threshold for letters from MPs. If so… there is a hope for a new tomorrow. Becasue, right now?

Everything is grim and nothing looks promising. Truss has been an inept and utter failure. She has only depleted and destroyed. Truss has acted like a bull in a china-shop. We are seeing the results and to be blunt. It is bollocks and knob-heads who still believes in Truss. The rest who has a few marbles working has given up on her. Peace.

Opinion: Truss’s wobbly PMQ

I do not think the right hon. Gentleman can take yes for an answer. I have been clear that we are protecting the triple lock on pensions. If he is concerned about the economy, why does he continue to advocate for separatism, which would plunge the Scottish economy into chaos?” – Prime Minister Liz Truss (19.10.2022).

The current Prime Minister in United Kingdom isn’t able to raise any confidence in her cause. Prime Minister Liz Truss who haven’t been the PM for longer than 43 days at this point. She has already sacked and appointed her second Chancellor Jeremy Hunt.

PM Truss certainly met hostile PMQ. Truss was already under fire not only for her methods of keeping financial stability and sound policies that her cabinet has unleashed. The “Mini-Budget” has caused affects or issues that will last long. The PM should know this and her changing Chancellor isn’t mending this. Especially, when she’s U-Turning all the time. That’s what she did during her campaign for the office too and everyone just laughed. Now it is happening with vital financial implications and she isn’t creating any stability.

One minute the PM is against something and another minute she’s supporting it. In the morning she will freeze pensions and in the afternoon she will triple lock pensions. Therefore… Truss is everywhere and nowhere at the same time. You cannot keep up and her twisting tongue isn’t doing anyone any good. Secondly, she’s not even a trustworthy or a good liar. Boris could at least lie with a straight face, but Truss has blinking eyes. There is obvious mismatch between what she says and what she wants to do…

Just read these answers to legit questions today…

My hon. Friend is absolutely right; we will abolish the top-down housing targets. We want decisions about homes and infrastructure to be driven by local people, not by Whitehall, and that is why we are setting up new, locally driven investment zones” (Truss, 19.10.2022).

We do face very difficult economic times. I have been honest about the mistakes I have made, but what I do not apologise for is the fact that we have helped households through this winter with the energy price guarantee, the fact that we have reversed the national insurance rise and the fact that we are taking action to get our railways running rather than being disrupted by the militant trade unions that the hon. Lady supports” (Truss, 19.10.2022).

We are facing very, very difficult economic times. I took the decision I had to in the interests of economic stability. What is important is that we work together, including with the SNP, to get through this winter and grow the economy” (Truss, 19.10.2022).

The PM clearly goes back and fourth on policies. It is like she’s winging it at any given time and hoping no one follows up on. The pensions are the latest here. Neither has the prices on mortgages gone down. The promise of the gilt market hasn’t ceased either. The uncertainty in the leadership and how it operates isn’t building trust between the government and the financial markets. That’s why the Chancellor should be stressed. However, his term might be short and his maybe ending up elsewhere later. So, his maybe just awaiting the next Prime Minister and hoping for a new plum-job.

This PMQ was defensive and deafening. The definition of failure and last resort attempt to look genuine. She must surely fear the 1922 Committee and Sir Graham Brady MP. His shadow must linger over her and haunt her in her sleep. Truss MP and PM is failing and not helping her cause.

Today wasn’t anything better and sooner or later this is finally imploding. Peace.

Opinion: Mordaunt couldn’t save Truss…

The Prime Minister is not under a desk, as the hon. Lady suggests. I can assure the House that, with regret, she is not here for a very good reason. Neither has she taken this decision to win the hon. Lady’s gratitude; she has done it out of a sense of duty, because she knows what is in the national interest” – Penny Mordaunt (17.10.2022).

Another shocker in the short time-span of the reign of Prime Minister Liz Truss. She suddenly without a forewarning, appointed or gave the reigns in the House of Commons to Penny Mordaunt MP to answer the Urgent Questions after appointing Jeremy Hunt to be the Chancellor on Friday. Therefore, it wasn’t a great sign to see some other Tories MP answer in her stead. That’s just a bad choice and not reflecting trust in her leadership.

Penny Mordaunt was a total hack in the House of Commons. Not that this is shocking, but her retort to Keir Stramer sounds of desperation and not of a sound reflection. However, we know the Tories these days don’t have the time or the ability to plan ahead. The Tories are steady lightening up fires and hoping someone gives them credit for putting it down. They were the ones with the gasoline and lit the place up. After the fact, they want credit for stopping. When they were the ones who did it in the first place. That’s the magic of the Tories lately and after 12 years in power too.

That’s why the arrogance of Mordaunt is really tragic-comical.

Read these quotes from the Hansard today:

In terms of the Opposition’s performance, I think Larry the cat would give them a run for their money” (Mordaunt, 17.10.2022).

I know that the Chancellor wants to work with all Members of this House in the interests of all our constituents. I hope that there will also be opportunities to talk about our record in government and how we have transformed this country for the better since 2010” (Mordaunt, 17.10.2022).

First, I fully appreciate the optics of my appearing at the Dispatch Box, but there is a very genuine reason why the Prime Minister is not here. I understand that people will wish to make political hay out of it. She would wish to be here, but she is unable to be here at the moment. The Chancellor will be along shortly to answer these questions” (Mordaunt, 17.10.2022).

We know the running excuse was the Prime Minister was busy meeting with Sir Graham Brady MP, the leader of the 1922 Committee. However, he was parts of the Urgent Questions and only left closer to 16:00 when the PM actually arrived at the Parliament. So, the lie is that the PM was elsewhere and not busy with the Urgent Questions ahead of the new Chancellors statement on Financial Policies.

Certainly this should have run better and been more welcoming. It is really rare that the PM is avoiding the Urgent Questions. That just shows that she don’t have the possible answers and used the 1922 Committee as an excuse. Especially when there is pictures of Sir Graham Brady MP taking part of the proceedings earlier today.

Prime Minister Truss maybe had something important to do or of National Interests. However, shouldn’t she defend her actions and her new Chancellor today?

That seems like the perfect thing to do. Also, supporting Hunt who was just appointed before the weekend. We cannot expect much from him… when his boss doesn’t even show up to answer questions and comes with reasons to trust him. Truss is failing the nation and cannot even stand up for her choices. She can just burn things and pin blame on others. Being inept and irresponsible at it.

The excuse for why she didn’t show has been debunked as well. So, we can wonder why she skipped the Urgent Questions and if she wasn’t mentally prepared for it. That’s really a disappointing action from her part. As the PM she should have been there and answered it directly.

Mordaunt MP shouldn’t have done this, but she did it out of loyalty. The MP didn’t win many hearts. The Tories themselves will say she did a good job, but she only did the bare minimum and was arrogant towards the opposition. That’s not shocking, but the Tories are the ones that are burning down the place. They cannot point fingers elsewhere. Not as long as they are creating the problems and not able to create stability. The latest actions of Truss doesn’t make it seem likely that they will change it.

Rather this sort of U-Turn and wicked ways will continue. The persistence of uncertainty and lack of “who is in-charge” … PM Truss is actually able to be worse than Boris Johnson. Know that the bar was really low and she shattered it. That’s a compelling level of epic failure on her part. Mordaunt MP could salvage that or the questions either.

The only thing she has given us is a few funny quotes, but not helped the current situation the slightest. Peace.

United Kingdom: Dr. Jamie Wallis MP letter to Prime Minister Liz Truss (16.10.2022)

Opinion: Truss is Hunt(ing) for stability…

I want to deliver a low tax, high wage, high growth economy. It’s what I was elected by my party to do. That mission remains” – Prime Minister Liz Truss (14.10.2022)

Today the Prime Minister sacked her Chancellor Kwasi Kwarteng and replaced him with Jeremy Hunt. If you think things will be smoother from now on. Well, I hate to tell you, but things are not getting turned around that quickly.

This U-Turn doesn’t change the financial forecasts or the distress that the financial markets has had of late. We are hearing talks of low tax and “growth” from the Prime Minister. That means Truss isn’t over the biscotti “mini-budget” that broke the financial markets … which has destroyed the gilt and the mortgage market.

Now Chancellor Hunt has to change things, but just reading here statement from the Press Conference today. She seems fixed to continue where Kwarteng left off.

Just read here:

We owe it to the next generation to improve our economic performance to deliver higher wages, new jobs and better public services, and to ease the burden of debt. I have acted decisively today because my priority is ensuring our country’s economic stability. As Prime Minister, I will always act in the national interest. This is always my first consideration. I want to be honest, this is difficult. But we will get through this storm. And we will deliver the strong and sustained growth that can transform the prosperity of our country for generations to come” (Truss, 14.10.2022).

Truss can say all the words she wants, but they are meaningless when there is no sincere action. The financial markets needs stability and well rounded choices of policy. The latest moves has created more hectic mess, which is adding costs on the citizens and their lives. It isn’t like the Prime Minister and her previous Chancellor has done due diligence.

Prime Minister Truss really needs to re-consider her ways. The sacking now of Kwarteng seems more like hackwork. Only done to appease, but her Press Conference only shows her true intentions. The “mini-budget” is in her mind and spirit. Why else speak of “lower taxes”?

When you are firing someone over the tax-cuts for the wealthy and big-businesses. That is the reason for the distress and issues in the first place. It is clear that Truss haven’t learned anything or seen the ramifications of the recent actions.

You would think the actions of Bank of England was the warning sign that got the duo to act sooner. However, they just thought it was within it’s right and not a red flag. That’s why Truss should have done more and been more concerned. Nevertheless, that wasn’t her vibe and this is why she has waited this long…

Hunt has a mountain to climb to fix the mortgages, gilts, pensions and the building confidence in the Pound Stirling. The cost of living crisis is just growing and Truss own government haven’t made this any better.

Crikey… I wouldn’t like to be in Hunt’s shoes right now. No matter where he steps there will be crocodiles or pirates to capture him. There is very few steps that can keep on land and in safety. However, if he continues to raise the sails and try to go fast. We will most likely see further damage to the economy. Peace.

Opinion: Kwateng was forced to fall on the sword…

On the 6th September 2022, Kwasi Kwarteng MP was appointed to the Chancellor of the Exchequer and he only lasted until the 14th October 2022. He only lasted 1 month and 8 days or 38 days. While his predecessor Nadhim Zahawi MP lasted only 63 days from July to September 2022. So, in the recent time it’s not an office to hold onto.

What is striking is how horrific the policies, the tax-management and the whole fiscal policy has been in this short of time. Kwarteng has been able to destroy all confidence in certain markets. His sort of financial instruments and planned efforts to create “growth” only have caused more harm. There is a certain uncertainty and instability of his efforts. In such a manner that the International Monetary Fund (IMF) had to come out with a stern warning, which haven’t been common in regard to the Chancellor or His Majesties Government in London.

Kwarteng MP has been able to destroy the confidence in the gilt market, mortgage market and devalue the pound. He only needed a month to do all of this. That’s because of the fancy biscotti’s served to hedge-fund managers and the richest elite. The promises of lenient taxes… and other favours for the ones who has vast pockets. While he had to scrap, dismantle and create more austerity measures for the poorest in the nation. That was the plan of creating “growth” and was the solution, which he had signalled out.

The Prime Minister Truss has sacked him after only 38 days in the office. Nevertheless, she is not without a fault here. She stood by him and trusted his judgment. They both have defended and been vocal for it. It isn’t like Kwarteng was alone doing this. Yes, maybe he held some factors and didn’t have huge conference on every matter. However, Kwarteng was supported and ignited by Truss. If not.. she wouldn’t have spoken like she did at the Conservative Party Conference on the 5th October 2022.

It is only a mere week ago and not ancient news. Though the Bank of England has come in to save the financial markets. That is only necessary, because of the faulty and lack of trust in the process. The lack of confidence and the general of feeling won’t be anything better soon. It isn’t like the Prime Minister will create a better atmosphere or change the narrative in a significant way. Her ways isn’t like that and the inept cronyism of the Tories are self-deprecating right now.

Kwarteng is a victim of his own actions. No one should feel sorry for the man. Neither should anybody feel sorrow for the headache and issues internally for the Tories either. It is all self created and the citizens are paying the price. The Tories are accepting the higher prices, the costs of living is spiralling out and the “mini-budget” is the latest biscotti that caused havoc.

Truss will not give way or change in away possible. That’s not happening… Kwarteng MP was forced to jump on the sword, but he did it all to himself. It’s not like he couldn’t have changed sooner and only seen after the first weekend after the revelation. He could have smelled the fire and know there was trouble. However, Kwarteng decided to be bold and he lost everything doing so. Peace.

Kenya: The National Treasury & Planning – Kenya’s Financial Position is Sound and Robust (13.10.2022)

Kenya: National Integrity Alliance – The Red Card Campaign – ODPP Must Come Clean on Withdrawal of Corruption Cases (13.10.2022)