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.
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