Mini-budget: PM going for broke in hope of winning big - but has she misjudged the public mood? | Beth Rigby

"Go big or go home" seems to be the mantra of this new administration, and on Friday Mr Kwarteng - and I quote here Paul Johnson of the Institute of Fiscal Studies - decided not just to gamble on a new economic strategy, but bet the entire house.

Tax cuts and economic growth, two principles of Conservative economic policy, but what the chancellor appeared to do was to throw the party's reputation for fiscal responsibility out of the window in the pursuit of growth above all else. The government's fiscal rules had stipulated that debt should be falling as a share of gross domestic product within three years.

Meanwhile, the UK's public debt burden looks set to rise, with the Institute for Fiscal Studies forecasting that public borrowing would top £190bn this year, the third-highest peak since the Second World War, and remain well over £100bn even once the energy support package is withdrawn.to $1.09 - a 37-year low, while the cost of government borrowing rose too as investors sold off UK government bonds.

BethRigby Beth’s a bore, entirely predictable. Don’t challenge enterprise for the story. Criticize failure and report success equitably. You just make yourself a laughing stock for criticizing that which hasn’t begun. What’s next, criticizing at concept. Sounds like thought police to me.

BethRigby More shock and awe to come for the Tories at the general election.

BethRigby

BethRigby Yeah, right...

BethRigby Clearly at war with the poor as it’s a war term used by USA. Nothing original in the woefully inept Conservative government

BethRigby Economic wrecking ball, more like.

BethRigby Could it be any clearer Tories R robbing the public by unnecessarily removing 45% cap on the wealthiest,this after not introducing an absolutely needed wealth tax. As if this will make a difference to the majority for the few.Zionist media will brainwash masses to vote them back

BethRigby Except, it’s a government that have been in power for 12 years.

BethRigby They didn't enter government 3 weeks ago...

BethRigby Kwarteng used to work for Odey Asset Management. The Business and Energy minister, Rees-Mogg, also worked with Odey to incubate his business and was funded by him as an MP.

BethRigby Does she wear tax loophole?

BethRigby What utter rubbish she hasn't done a thing she is delivering for the rich only she is another one that doesn't have any morals

BethRigby We’re in shock at the blatant looting

BethRigby More 'shockingly awful' than 'shock and awe', imho

BethRigby Shock and awe is something you inflict upon the enemy, not your own people. Shame

BethRigby Feels like a government who knows they have already lost the next general election, so have decided to steal the radiators and pull out the wiring.

BethRigby Can we look forward to 100’s of thousands of innocent deaths just like Iraq then?

BethRigby NotMyPM GeneralElectionNow GeneralStrike LiesTruss.

BethRigby

BethRigby Where's the awe?

BethRigby Why are you repeating spin?

BethRigby No Tory ever mentioned ‘Shock & Awe’ to the people of this country. But just to be clear. We are not AWED, we are just SHOCKED. Shocked at the UNDEMOCRATIC practices this govern’t is engaging in. We can’t even be certain they are acting constitutionally or even lawfully. 😡

BethRigby Well….. shock? - yes! Awe…….definitely NO! Shock and Awful seems more appropriate.

BethRigby 'Shock and awe' is it? Well we all know how well the Iraq War turned out.

BethRigby Just because someone says they will shit the bed doesn't mean they deserve credit when they actually shit the bed 🙄🙈

BethRigby The only thing they have delivered so far is a sterling crash

BethRigby Shock and Fk awe

BethRigby Shock and Horror, yes. Awe… no

BethRigby

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