The Official Liz Truss no longer PM but still a Clusterfuck thread

[williemillersmoustache]

Greece without the sunshine, klaxon. 

 

 

[Michael W]

2 hours ago, Michael W said:

The Pound is now up on the Dollar today, which I'm sure Chris Philp will be salivating about. The reason? Markets expect an emergency rate rise. More pain, then. 

BoE releases generic statement saying nothing. Pound slumps. 

We are in the territory now where anything is just going to be seen as lacking credibility. 

[GiGi]

But if we go independent whit currency wull we use?!

Hopefully not fucking sterling. Be better off with Zimbabwean dollars.

[carpetmonster]

3 minutes ago, GiGi said:

But if we go independent whit currency wull we use?!

Hopefully not fucking sterling. Be better off with Zimbabwean dollars.

It's not a bad shout. "My government has made you all trillionaires" would be a cracking soundbite for Truss. 

[Granny Danger]

22 minutes ago, carpetmonster said:

It's not a bad shout. "My government has made you all trillionaires" would be a cracking soundbite for Truss. 

It might have a downside though, just try nipping out for a pint of milk.

[Clown Job]

In a normal country this mob would have been chased out

 

[GiGi]

When the middle Englanders find the interest rate on their 500k house going up to 6 or 7% the shit will clog the fan.

Many of these people are mortgaged up to the eyeballs with a load of other formerly cheap debt thrown on top. Even the comfortable middle class will feel that unless they're largely debt free.

[Carl Cort's Hamstring]

 

41 minutes ago, GiGi said:

When the middle Englanders find the interest rate on their 500k house going up to 6 or 7% the shit will clog the fan.

Many of these people are mortgaged up to the eyeballs with a load of other formerly cheap debt thrown on top. Even the comfortable middle class will feel that unless they're largely debt free.

It's a really frightening prospect for a lot of people. Anyone on an even vaguely normal salary will have had to stretch really themselves to get a mortgage down here. For even a small 2 bed house you won't get any change out of £400k virtually anywhere in greater London. 6% interest rates will completely f*ck an enormous number of people.

Edited September 26, 2022 by Carl Cort's Hamstring

[The Naitch]

13 hours ago, Dons_1988 said:

That exchange rate man. I’m going to New York in a few weeks. FFS. 

Same here, the rate is going to be brutal the way things have been going.

[pub car king]

34 minutes ago, Carl Cort's Hamstring said:

 

It's a really frightening prospect for a lot of people. Anyone on an even vaguely normal salary will have had to stretch really themselves to get a mortgage down here. For even a small 2 bed house you won't get any change out of £400k virtually anywhere in greater London. 6% interest rates will completely f*ck an enormous number of people.

They did this in the early nineties managing to ramp the interest rate up to about 15%. Folk just put the keys through the letterbox when they couldn't pay the mortgage. Yet England still voted the tories back in for another 5 years of abject failure. 

Kier Starmer is the new Neil Kinnock who will manage to f**k up an absolute tap in at the next election. 

[Detournement]

3 hours ago, carpetmonster said:

Writes utter drivel. 

Gets corrected

Starts poking holes in the correction that he could've googled in 2 seconds flat rather than post the utter drivel. 

Excellent stuff. 

They did the absolute bare minimum to him but they obviously couldn't let him off and fast tracked him through the court as well.

The last time I heard about it he hadn't been charged. 

Do you not agree he got special treatment?

Edited September 26, 2022 by Detournement

[carpetmonster]

2 minutes ago, Detournement said:

They did the absolute bare minimum to him but they obviously couldn't let him off and fast tracked him through the court as well.

The last time I heard about it he hadn't been charged. 

Do you not agree he got special treatment?

5 days inside and 3 years probation isn’t overly lenient for the US; they don’t give much of a shit about drunk driving here until you kill somebody. 
 

This does not, however, alter the fact that you posted complete shite. 

[Inanimate Carbon Rod]

3 hours ago, Detournement said:

He had the felony charged dismissed and spent two days in jail.

Lol.

 

2 hours ago, Clown Job said:

In a normal country this mob would have been chased out

 

 

9 minutes ago, carpetmonster said:

5 days inside and 3 years probation isn’t overly lenient for the US; they don’t give much of a shit about drunk driving here until you kill somebody. 
 

This does not, however, alter the fact that you posted complete shite. 

Imprisonment for drink driving is unusual so any custodial sentence is a win in my view. 

[carpetmonster]

4 minutes ago, Inanimate Carbon Rod said:

 

 

Imprisonment for drink driving is unusual so any custodial sentence is a win in my view. 

2 days is the bare arse minimum, so he seems to have been sentenced pretty standardly within California guidelines. 

https://www.idrivesafely.com/dmv/california/laws/dui-and-dwi-laws/

Wisconsin you can get away without seeing the inside of a cell until your third go

https://wisconsindot.gov/Documents/safety/education/drunk-drv/owi-penchrt.pdf

Edited September 26, 2022 by carpetmonster

[Inanimate Carbon Rod]

6 minutes ago, carpetmonster said:

2 days is the bare arse minimum, so he seems to have been sentenced pretty standardly within California guidelines. 

https://www.idrivesafely.com/dmv/california/laws/dui-and-dwi-laws/

Wisconsin you can get away without seeing the inside of a cell until your third go

https://wisconsindot.gov/Documents/safety/education/drunk-drv/owi-penchrt.pdf

You dont get a lot of custodial sentences for drink driving in Scottish courts either. 

[welshbairn]

38 minutes ago, Detournement said:

They did the absolute bare minimum to him but they obviously couldn't let him off and fast tracked him through the court as well.

The last time I heard about it he hadn't been charged. 

Do you not agree he got special treatment?

She so rich she got ice cream in her freezer, course he only got jailed for 5 days.

[Paco]

I honestly wouldn’t be surprised if we have the government paying mortgages within a year, in the same way they’re effectively doing with energy now. Why sort the root cause when you can just transfer taxpayer money into corporations?

In terms of relativity, we are heading for the worst mortgage rates ever. The general public will struggle to understand that - 17% is a higher number than 6%, just cut out the lattes - but I’d sooner be paying 17% interest on a £40k loan than 6% on £200k. And those are just the average prices, clearly the problem will be much bigger in the south of England and in Edinburgh up here.

This is deliberate self-sabotage. Lunacy. Mind-boggling.

[Clown Job]

 

[vikingTON]

20 minutes ago, Paco said:

clearly the problem will be much bigger in the south of England and in Edinburgh up here.

That would be such a terrible, wee shame for them. Actions finally having consequences after 35 years, for the regions that are responsible for maintaining the Union and Tory rule. 

Will we start a GoFundMe for all the BtL speculators who will shortly be getting their baws booted? Get me 12% and all those parasites in a debtors' jail. 

Edited September 26, 2022 by vikingTON

[Dan Steele]

Crisis, what crisis #47.

This is from Le Figaro:

While the financial markets had their eyes riveted on the historic victory of the far right in Italy, it was in the United Kingdom that panic broke out on Monday. Rather than the unknown 'post-fascist' Giorgia Meloni , it is Liz Truss , the new British Prime Minister, leader of a Conservative Party in power for twelve years, and her Chancellor of the Exchequer, Kwasi Kwarteng, which worries investors.