My take on Mini Budget & Lizz Truss

My take on the new PM Liz Truss

​Hi everybody 

For the last few weeks during the Queen’s passing, I have not done any blogging on my blog since my My recent blog post on the Conservative leadership election 2022 between Liz Truss & Rishi Sunak. Since then, the official results had confirmed what everyone & media outlets have expected all along. Liz Truss winning the Tory leadership race against Rishi Sunak on 5th September 2022 earlier this month by a smaller margin. So yeah. 4th Conservative Prime Minister since 2010 in the past 6 years. All I can say is don’t expect anything better from Liz Truss & the whole new Tory administration. They are the same people who used to work in No 10 (10 Downing Street) with three previous Prime Ministers: David Cameron, Theresa May and Boris Johnson. 

So that is my take on the new Prime Minister of the UK. Let’s talk about the mini budget that has been in the news recently. Especially with the mini budget statement being addressed in the House of Commons on Friday by the new Chancellor of the Exchequer Kwasi Kwarteng. 

My take on the mini budget statement

The mini budget address on Friday being delivered by the new chancellor in the House of Commons was not great. Kwasi Kwarteng (the chancellor) laid out the plans what the government will do in terms of growing the British economy under Liz Truss. One of the measures how to deal with the current situation (inflation & cost of living crisis) were controversial to the extent that I knew that is not going to help ordinary people. In addition to the announcement made by the Chancellor, the pound plummeted so low 

This has got to be the worst budget statement ever. Tax cuts, forcing benefit claimants to work or to be sanctioned, removing the cap on banker’s bonuses, etc. All is Liz Truss’s stupid economic policy. Trickle down economics & Kwasi Kwarteng talks of “new era”. 

The Tories have been in power for the last 12 years. From 2010 to now. Austerity, Brexit,  Covid & the current situation (cost of living crisis). All in four Tory PMs & 6 chancellors. Just wait until everybody gets to have a hard time of paying bills (particularly energy bills) in wintertime. 

Food banks have been growing since 2010 & now there might be the rise of warm banks by winter. This is very sad. As always, the Conservatives really has no shame. Even Liz Truss admitted that her trickle down economic policy will be unpopular when she was interviewed by Sky News political editor Beth Rigby couple of days ago & indeed, it is unpopular. Liz Truss’s economic policy.

No wonder the start of Liz Truss premiership is her ludicrous plan to implement tax cuts for the rich who are so privileged & wealthy, while the poor & the middle class (particularly the working class) doesn’t get any chances for the pay rise since we are in very difficult economic situation including the fact that the Bank of England had recently increased the interest rate from 1.75% to 2.25% by 0.50% and warned that the UK may already be in an recession

Well guys, next time when general election does come around within two years time, I would say this as an recommendation & that is not to give a vote to the Tories. 

They (Conservatives) have torn the nation apart with Brexit & undermining the UK’s reputation in the world & implemented austerity measures that contributed to the the rise of food banks & there are more of them than McDonald’s restaurants in this country and the appalling altitude of the DWP treating benefit claimants unfairly and the list goes on. Including the last PM (Boris Johnson) who was the worst Prime Minister ever in Britain. 

With the mini budget being delivered on Friday & the pound is still low against the dollar (at the time of writing today, the pound is once more down in the stock market in a historic low). the markets didn’t liked Mini Budget being delivered by the new chancellor & yet, he is not that bothered and neither is the new Prime Minister. Liz Truss’s economic policy is madness. 

So that is all I can say on mini budget statement. 

My take on Tory leadership election

​So throughout the summer, Liz Truss and Rishi Sunak have been campaigning hard everywhere in the United Kingdom in the race to become the next Conservative leader & the next Prime Minister to replace the outgoing and unpopular Prime Minister Boris Johnson. 

So tomorrow there will be the next Conservative/Tory leader & the PM to succeed the outgoing PM Boris Johnson who have not been popular with the British public, here’s my analysis on the leadership election. Based on my opinion. 

So since that the UK is multicultural country. Unfortunately for the Conservative Party. most of the members doesn’t want him Rishi Sunak (who is Indian by descent) to be the next PM. 

One. They see him (Rishi Sunak) as a backstabber for brining down Prime Minister Boris Johnson when he stepped down as the Chancellor of the Exchequer before other cabinet ministers which it had recorded more than 50 cabinet ministers to step down from the govt. All because of this scandal 

https://inews.co.uk/news/politics/boris-johnson-resigned-why-prime-minister-quit-chris-pincher-scandal-mp-resignations-1729346 

Even the Covid 19 partygate scandal had tarnished the reputation of Boris Johnson & the government. Even Sunak himself given he used to be popular once he became the Chancellor before the pandemic in 2020. 

2. Conservative (Tory) members are mostly white, middle aged (& elderly = older particularly 60+) and racist (160k of them plus some Tory members used to be an member of extreme far right parties) despite the party itself claims they have diverse politicians but wouldn’t want any of them to be the first PM from ethnicity minority background. That explains why Liz Truss is the favourite to win the Tory leadership. No wonder ethnic minority voters here in this country always doesn’t give a vote to the Conservatives & that they always vote Labour.

3. Rishi Sunak is not popular. Most of cabinet ministers who are loyal to the outgoing Prime Minister Boris Johnson, strongly disliked Sunak cos they see him as a traitor for stepping down as the Chancellor last month (July) from the cabinet which opinion polls shows that he will not win the leadership election against Liz Truss. So it is likely the next UK PM & Conservative leader will be woman for third time since Theresa May and Margaret Thatcher. Two UK female PMs & Tory leaders. 

And 4. Sunak’s own scandals. 

His wife is richer than the Queen & that she pays no tax (nom dom tax) & the revelations that he holds US green card. That really undermined Sunak’s popularity as an politician & even his chances of being the favourite to be Boris Johnson’s successor just before Boris Johnson stepped down last month. 

https://amp.theguardian.com/politics/2022/apr/07/akshata-murty-who-is-rishi-sunak-wife

https://www.bbc.co.uk/news/uk-politics-61044847.amp 

& recently he build his own swimming pool in his home constituency while local swimming pools were shut. https://www.mirror.co.uk/news/politics/rishi-sunak-builds-private-pool-27619489.amp

And he admitted when he was a chancellor that he took money from deprived areas in the UK https://amp.theguardian.com/politics/2022/aug/05/video-emerges-of-rishi-sunak-admitting-to-taking-money-from-deprived-areas 

As for Liz Truss, the Iron Lady wannabe, she has her own controversies too. 

Every thing from joking whether France is a friend or foe by saying “the jury’s out” which was outrageous for her given she is the UK Foreign  Secretary which she should had known better to saying that British workers “more graft” & suggesting to ignore Nicola Sturgeon (First Minister of Scotland) by describing her as “attention seeker”. 

It is clear to me that the next Tory leader & the Prime Minister will not be better. Just like it was not better when Boris Johnson became the PM three years ago in 2019, succeeding Theresa May or in 2016 when Theresa May who became the PM, succeeding David Cameron over the Brexit referendum results that was held 6 years ago. The referendum that was not necessary. 

With the cost of living crisis, inflation & the impact of Brexit, Covid and 12 years of austerity, whether Rishi Sunak or Liz Truss is the next PM & Tory leader by tomorrow, the Conservatives under three PMs & soon to have 4th PM since 2010, have really tarnished the UK’s reputation in the world stage. We got two or three more years until the next general election. No wonder now the Tories are not leading the polls. So let’s see how it will go with the new PM whether is Sunak or Truss. Only time will tell.