Dearieme wrote, in comments:
I don't like the sound of a Bank of England coup against the government. We get to vote for parliament every five years and we don't get a vote on the BoE. Is this some anti-Brexit dirty work?
On the strength of that and various comments, I promised to post a sane take on the heading on Saturday.
I simply can’t, there seems nothing sane going on in the UK govt. Possibly connected, possibly not, are the millions to prop the Swiss up, everyone but Britain:
https://voxday.net/2022/10/12/this-is-fine/
Guido a few days back:
The Sun broke the news that Truss “is considering raising Corporation Tax next year in spectacular mini-Budget U-turn”.
Kwasi, meanwhile, is over in the States to meet IMF chiefs. Channel 4 doorstepped him on his way in, where he said “I’ll be coming out with a statement on 31st October and I’m not going to pre-empt that.”
Well, we’re past that now. Ian J:
Loyalty? backstabbing? What an example of 'leadership' (or do I mean responses to string-pulling). After reading the ZH account of Truss' duplicity, I saw this:
… and realised she is 'merely following orders', helping the great 'Bankster' reset. Javid for chancellor anyone?
My understanding (JH) is that the BofE, with its mixed official relationship with the UK govt, is essentially globo-geared and the slightest attempt at independent Britain means benefits can stop for a start, then all the rest of it.
The Treasury clearly got to Truss, who scapegoated Kamikwazi. I saw this in passing in a comments thread … Matt:
Note it was a subset of DB pensions that were hedged using LDI that were at risk. As it transpired, only about £3.6bn of support was required from the BoE. Handy doom and gloom story to keep Truss in line however...
She has not a clue, that woman, plus she’s as loyal as a globo-crim. Reader Steve with the last word:
Truss (Remainer/Globalist) and now Hunt (Remainer/Globalist) in the number two job. We're fooked I tell ye. Here's my two pennies' worth: should have dropped VAT to 10%, effective 1st October, and renamed it Purchase Tax with an effective date of 1st January 2023. That is all.
Quick Bailey bio from Wiki
Wiki fails to mention:
He was born on 30th March, 1959, Leicester ... well at least he's British, unlike globo-Carney from Canada.
Qualified as a history teacher.
"failing to take swift action to protect those affected by what would become one of the UK's biggest pension mis-selling scandals. A subsequent National Audit Office probe into the case concluded that members of the BSPS suffered significant financial losses because the FCA failed to take action on numerous reports of some FCA-authorised firms giving unsuitable transfer advice. This led to parliamentarians commenting that the FCA was asleep at the wheel"
Inspires confidence, eh?
LSE boy. Oh well, we can all relax. How's John Maynard these days?
No comments:
Post a Comment
Unburden yourself here: