‘Borrowing your way out of inflation is a fairytale’: Sunak and Truss clash over economy plan
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- čas přidán 14. 07. 2022
- Liz Truss and Rishi Sunak clashed over their strategies to tackle inflation during the Conservative Party leadership debate on Channel 4 on Friday (15 July).
While Ms Truss blamed the Bank of England, Mr Sunak told her: "Borrowing your way out of inflation isn’t a plan, it’s a fairytale.”
The candidates' performance in the debate on Friday could influence the way Conservative MPs vote in the next leadership ballot on Monday (18 July).
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Sadly Rishi has it correct, pumping more money into an economy with inflation at 10% will only line the pockets of corporations.
More money to spend + limited goods = price rises
And a large amount of the inflation is caused by supply problems, and subsiding demand in a supply problem will cause inflation to rise even higher.
@@youreafurry8818 i don't understand why people don't get this.
Candidates jangle the car keys of tax cuts in front of voters.....except the car will cost double once you get your hands on the keys
I sadly agree with you, one only has to look at Sri Lanka
@@youreafurry8818 profit inflation is the problem just now for 3 year running the big boys have profited big time
That's why I said before the taxes decrease or increase must be targeted like Singapore or S Korea did it and made sure the end consumer would spend it to help grease the hurting economy. S Korea recently reduced taxes for landlords that must pass that on to renters! Rishi had no experience in building up a synchronized set of policies. Talk is rather cheap
This has aged really well. I see a lot of Truss supporters in the comments agreeing with her without properly understanding what she was actually saying on the economy.
Brits can't stop winning. The public voted themselves out of the EU and they would rather believe in fairytales than Sunak who actually worked for the Goldman Sachs. The public is dumb and they will continue to choose dumb leaders.
Well it's only a one minute clip. Going by what she said, they don't disagree on anything. Even her body language is in agreement with him at first. In terms of econ theory, they're both neolibs that beleive in monetarism, so I'm not sure if they have any core differences. Then again I'm not sure if Truss had any core beliefs in anything to begin with.
I am not British but he is right you. You must stop inflation, he is right 100 percent on that one
Hate to say it but rishi is completely right about inflation. You cant borrow more and expect inflation to go down.
True but then Liz had a good point at the end. What Rishi says means increase in tax costs to balance things out so are we really reducing costs? I think there's a bigger picture to look at.
@@angeladyson7367 what Rishi is saying is that fiscal policy and monetary policy shouldn’t be at odds with each other and he’s right.
@@immers2410 That may be the case but sadly the situation as it stands doesn't have an easy solution and I'm not sure how Rishi or any politician can stand there and belittle a co candidate by pretending to have all the answers. I'm sure Liz has enough experience in economics, trade and finance to know full well what Rishi's solution means... Most likely a rise in taxes. I think Liz also has a good track record morally. I don't know enough about Rishi on either front.
@@angeladyson7367 you not knowing about him isn’t his fault to be fair! sounds like you don’t like him as a person.
Liz has an appalling track record of everything she ever touched and she embarrassed the country repeatedly in the international stage for not knowing the basics.
@@angeladyson7367 You just got served
Of course Rishi was 100% correct, he was a Goldman Sachs analyst
This aged well.
Of course !
Sunak is a Stanford Graduate and has worked for one of the largest banks , Goldman Sachs and Liz Trus is Just Liz Trus.
Dumb Public will always elect dumb leaders. Brexit was the first mistake of the British public.
Aged like the finest of wines
Rishi is an Ex- Goldman Sachs analyst. On what basis was Liz elected? After Brexit this was the second Blunder.
Monetary Policy in the U.K. is set by the Monetary Policy Committee, which is independent of the government. Liz doesn’t know this? This is a basic point and any upcoming PM candidate should know this
They can still put pressure on them. If the prime minister comes out and says the rates are to low and the MPC aren’t doing their job gathering public support, then you bet the MPC start thinking about raising the base rate. The MPC are supposed to target 2% or thereabouts. There is little evidence of them doing so during the current economic crisis.
@@comparecars_org it was the combination of the pandemic and the sudden departure from the world’s largest free trade area
Hey yesterday's man is right
I think he is right , inflation management very critical thing
He is right.
He's telling uncomfortable financial truths,nearly all the others are promising fairytale tax cuts.
The funniest bit was when Rishi Sunak started heroworshipping the NHS worker and she forthwith rolled her eyes at him for being so woeful 🤣
Then You should watch how she reacted To that white guy's response. He literally thanked her for having his kids 😂
@@vipin7568 Yes that was sidesplitting and cringe 🤣
@ER You will lead nothing the UK will soon stop being and you will be rid of
@ER cringe you guys couldn't run a picnic never mind a country
@@jamesmoran7391 Most Business in London is run by Indians...go figure
I'm an investment banker and I agree with Rishi, Truss is talking nonsense
Then you should also realise that Rishi Sunak paying people not to work with the furlough boondoggle spending was probably the leading cause of inflation.
@@MrObliviousegg what’s that got to do with the price of fish?
@@MrObliviousegg so did hundreds of other countries to stop the spread and save lives! Jesus give a man a break!
@@cnw3903 No. Lockdowns were a failure and I could have told you that with confidence by May 2020. They did not save lives. In fact, the "cure" was worse than virus; economic destabilisation, backlogs of treatments, increased mental illness, drug abuse, division and a general malaise in the country.
He is at fault for much of this as he had the authority to effect change. Ordinarily, avoidable failure is met with a P45 and disgrace, but in politics, you fail upwards.
Banks arent to be trusted tho. Tax corporates = price increase = more inflation.
He seems more literate in economics then the others who more seem like politicians just wanting to be pm
lets also remember at this time he is responsible for the inflation we have when he flooded the country with new money in 2020/21 yet hes saying now you cant create new money to get out of ..while right if he didnt do it in the first place we wouldnt be seeing the inflation now..double speak of a conman...
@Laura UK what about furlough and kickstart
He was a hedge fund manager and one of the people who caused the financial crash in 2008. He's literate in profiteering.
I can see Truss standing there saying - christ he is saying all my words, what do I do now?
She is trying her Thatcher voice....
Launch Trident?
@@jimjam3877 USA are busy.
We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the
worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
@@emmacreame4889 If you are not conversant with the markets, your best bet is to get you some kind of advise or assistance from a consultant/investing coach. It might sound basic or generic, but getting in touch with a consultant was how I was able to stay afloat the market and raise my portfolio to about 57% these past months. For me, its the most ideal way to jump into the market these days...
@@julianxavier9568 please who is the consultant that assist you with your investment and if you dont mind, how do i get in touch with them?..
@@emmacreame4889 My consultant is Janet Young Kang I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so.
The way he looks after his punchline…… to no applause 😂
Perhaps, some brains take time to register and to respond (: Tax cut is just a TEMPORARY solution to an economy crisis, where else tax rise could CONTROL inflation, a sustainable solution.
@Hi LOL! It's always easy to join a flock of sheep and point a finger at the other, right? What Penny has that the others don't?
@Hi UK economy crisis did not happen in isolation. Almost every country in the world is affected by the C-19 pandemic which lasted for 2 years. More so UK because our economy is largely service-base and not commodity-base. Low revenue from an affected global service market could have easily contributed to inflation and increase interest rates. Even a small change in the interest rates could give big impact to public spending and made everyone even poorer. Therefore, the inflation was avoided by imposing tax rise (a TEMPORARY measure). Just like the tax rise, sometimes, one needs to take a short-course of high dos antibiotics to cure a severe infection for a full fledge recovery. We are on the road to economy recovery.
@Hi SCAMDEMIC? UK (2022) deaths #182K; worldwide 6.37M (+3,083), so the deaths didn't happen? Are you a member of conspiracy theory who also claims the 'earth' is flat? I rest my case.
@Hi Am being honest to myself. What's Penny's contribution during the crisis both during BREXIT and C-19? Does she have a blueprint to fix the economy? What's her portfolio? Have you seen her CV? All she got now is a fake composure suitable for a high-cost adverts.
0:55 A politician saying "We have to be honest"
Thats a laugh!
He is honest actually, he told us that he has no working class friends, that was honest
Abs... instead of "we have to be steps ahead than WEF". I might be listening to Fishy Rishi
@@masonldn8647 Well his nose remained long. That wasn't enough to make it go back down
Wait for all the truth and slurrrrrs to come out about him 🥱
@ER Troll u are trying to bring hate for us.
The way Rishi put forth his points seems to baffle truss.
Doesnt take much to baffle that clown
@ERI think there is nothing to get excited, except it being historical moment.
He is british and will serve Britain. As far as Stealing money from PPL that ...all politician do
@ER And they're going to do it using tins of spam,if you're anything to judge by.
@ER That is clearly the agenda. To get your revenge over the British, yes?
@ER It has nothing to do with Nationality or Colour. Rashi is clearly more fit for the job than Truss.
this is going in my "classic videos of all time" playlist
My lessons in life
Don't argue with Indian on mathematics
Don't argue with trained accountant of money matters
Rishi is very annoyed as Boris has removed all the lightbulbs from Number 11, confiscated the batteries for his calculator and turned the Hot Water off
yup, rishi can’t watch love island and it’s killing him
@@Red_Dead_Resumption sunak will be the next napoleon
And took the tv remote
@@Red_Dead_Resumption Rishi was frustrated because he knew about economics that you and Liz Trus couldn't grasp. After all He is a Stanford graduate and worked for the Goldman Sachs. He might be a short bloke ,but he won't be affected by the damage caused by Liz Trus.
TRUSS is more interested in Ukraine than UK economy 😂
Are you aware that the UK and US have to honour the Budapest Agreement? The agreement to help Ukrainians in return for their disarmament of the largest nuclear arsenal in the world. Go look it up.
Truss has clearly worked hard as Trade Minister since Brexit and has done an excellent job. I trust a hard worker, I trust a slick “politician” far less.
True 🤣🤣
@@MWard-gd7pk what are you smoking these days?
@@Gaptekk live and learn. U neec to review your foreign policy big big time u
Them sanction u seized Russian fureygn reserves in uk banks. Russian central bank money and gold held in UK Bank. The STATE has taken them to the ownership of the STATE leaving bank to WRITE THEM OFF. . Other countries have, WITHDRAWN theur money central bank assets, iheld in UK banks.. Israel' China.. Wkd u leave your money in a bank if state, can make order seizing it. No wonder he is saying UK can't borrow. UK pound is, below dollar raising national debt without spending a penny. SANCTIONS,.
Truss is feeling uncomfortable what we won't like that pm
Sunak is right.
Except it isn't Borrowing... so, no
Same way he doesn't know what a loan is
Who ever wins the public loses
@ER no it's not,. Sunak is English born in South Hampton ,
@ER Penny will soon send you some pennies bot
@@da90sReAlvloc and plans to leave for the US once he’s left the UK in chaos. I don’t trust him.
ahem
Sunak has raised taxes in the UK but thought it was OK for his wife not to pay any tax in the UK where he was Chancellor of the Exchequer.
His wife is an Indian national, why should she pay British taxes?
@@viklondon3466 umm I dunno mate, maybe because she lives and generates income in England you mug.
@Laura UK Go back to India... I think you've given away your real problem with Rishi.
Hey @Helen Tingle I think you got it wrong... tax not paying for non-domicile status? She pays for her income get the facts right
@Laura UK Rishi is not an immigrant. It is possible to be British and not be white, he was born in Southampton, he didn't immigrate here from anywhere.
"Rishi hasn't done anything for me", how about you do something for yourself and stop looking for handouts?
I'm in no doubt you or someone you know will have benefited from furlough. Rishi took the chancellors job in the worst period in British history bar the world wars, Brexit, Covid, Ukraine and the Supply Chain crisis. He's not exactly going to be giving handouts whilst he tries to steer us away from recession.
Sunk tries to compare himself to Mrs. Thatcher but he is only like her in one way - he is inflexible. It was her inflexibility over the Poll Tax that led to her downfall.
Where is the rest of the debate?
Hasn’t Rishi been Chancellor for the past few years? Why would we trust him to fix this problem?
Because he seems to have a modicum of understanding in relation to economics. Trying to borrow your way out of inflation is honestly ridiculous and shows the true stupidity of some of these politicians.
@@donttryitjohn364 if he has a modicum of financial intelligence then he wouldn’t be planning to increase taxes on businesses because it will affect growth during a recession. The man’s mad or deliberately trying to cripple the country.
Because we've had a global pandemic which required borrowing to allay, but now we need to move on from inflation.
@@programmer1840 Lol you seriously think the central bankers would seriously try to solve inflation. If they did it would crash asset prices and make their rich friends much much poorer. They will chicken out like always.
@@donttryitjohn364 you think they're not trying to solve inflation? They won't last very long in government then.
Gosh, anyone else miss this man. Rishi please come back we need you.❤
He is back!
Recession becomes a problem if your investment portfolio is badly damaged at the same time you are withdrawing funds to fund your life now or in retirement. Also problematic if it harms our kids or grandkids. not everything is as bad for everyone. some are smart, some are dumb and yea some are just unlucky. my dad left me an inheritance of around $1.5m. real estate and some other investments in the stock market have kept the money flowing , amassing around $120k every damn quarter, aside from my job as an engineer. not to be brash as i know everyone has their own different situations in life but it's also worth noting that a lot of people have poor money management skills and strategies
Well said man. the truth hurts sometimes!
You're doing really great for yourself. any advice to a fellow investor here? i'm in a similar situation to yours. got a lump sum doing next to nothing in a savings account. the rate of inflation currently means i'm actually losing money. such a shame when you have $250k today and realizing 4 months later that it's buying power is now $230k. hurts like hell
@@jimcolsby8465 Can't tell you to jump into Real estate without prior knowledge if you do not have the time. as to stocks, i use the services of a top notch FA. i do not actually give over funds though. its the social trading aspect i engage in. where my account applies her trades automatically. i do not have enough time to look at graphs and monitor the markets owing to my full time job. it could be a nice fit for you also. give it a try
@@jamesdidonato9793 Whose services do you use. seems like she does one helluva job
@@jimcolsby8465 i Josephine Guevara Laporte's popular social trding program. she's been mentioned a number of times by Jim Cramer which prompted me to check her out. i've gone around 27% up from the last two quarters. she's known to be a huge advocate of this method though it's her fees you gotta consider
Getting rid of Boris they have weakened themselves
Yes, I agree, if Boris was running alongside them the others would appear pathetic in comparison. Imagine sacking your PM over a party.
The lunatics have taken over the asylum
So once The problem now provides the solution. I like it ☺️
Hegelian dialectic all the way
The irony of Rishi Sunak's grandstanding about inflation when his record borrowing and spending during the pandemic directly caused it.
That was done to ensure people could be paid for not being at work. Not sure if you have been awake for the past 3 years?
Who knew that paying people not to produce goods for two years would lead to stagflation. SMDFH. 😤🤬
Golden rule, never tell anyone "How you will do this"
Sunak talking about honesty what an irony
I can't take this seriously...
I don't think money supply is a bad argument, but Rishi is certainly better at talking finance than Liz. He could probably win any finance debate vs other MPs even if he's not 100% correct.
They do not get it ..do they..
Economy is not an exact subject..rely most of the time on % mathematics like a sponge absorbing water..volume stay the same but mass increases..
rishi is well a stanford man
A trained economist or accountant look at money as a scientific fact
An untrained person look at money like a fairy tale
Two months later....should have voted the Sunak..and Liz Truss trying to be all Maggie Thatcher has led you down the garden path lol
Truss was co author of the book Britannia Unchained which states that British workers are the laziest in the world.
There is truth to that statement, we complain about 40 hour work weeks when other work 7 days a week 12 hours a day and we wonder why they are wealthy.
@@asl7235 if you think people working 7 days* a week, 12 hours a day by choice is the way forward then you're part of the problem. Yes, hard work is admirable and I'm sure people who have worked those hours have become rich, but it's not always that simple. It's about opportunities. People are obsessed with this 'grind' mindset that if just put in hours and days of work you can make it when that's just not the case. Tell that to the cleaners and the low skilled workers who work the hours you've mentioned and yet are still in poverty or working class.
*edited
@@GlenWRU you get what you put in, for example my mother raised 2 boys alone, she worked 3 jobs and never claimed handouts, bought her first house with no help, as for opportunities look at any job website and you will see thousands of vacancies but maybe they are not what you want to do. I would love 100k a year doing some cushy job but i will settle for enough to survive.
@@asl7235 People working in sweat shops are wealthy?
@@asl7235
Do you think your mum could do that again now with current housing prices and inflation? What a joke, its not 1980 anymore
Why have this on TV when the public can't vote. They treat it like a general election.
Exactly, the people have no say in this whatsoever. I don't know why people are saying he is good or bad when they have no control over who becomes the PM. Even in the general election, you only have a say as to who runs your local constitutency.
Borrowing or burrowing?
In fiscal policy, tax rise could reduce spending and inflationary pressures; a method to control inflation. Tax cut is just a temporary solution which could drown an economy into inflation. On that premises, what Rishi Sunak did was to control the inflation, and avoided the rise in the INTEREST rate. Even a small change in interest rates can bring BIG impact to public's spending. Therefore, what Rishi did was a strategical wise move.
Rishi is clearly the technocrat Britain needs. He's head and shoulders above the rest in terms of intellect.
Ah yes, cos he's been sooooo good the past 6 years!
@@danielcrafter9349
Much better than Lizz. Lizz in a month has done way worse
I don't like liz Truss she doesn't look honest,
Rishi is right
He is a liar and Rich . He didn't pay his taxes .
No, he's not.
General Election !
What is this monstrosity??? Can we please NOT go down the American path of selecting leaders. Just look at the current incumbent.
What's caused inflation is that there is higher demand chasing fewer supply of goods. The are two ways to get inflation down: (1) reduce demand; (2) Increase supply. If tax cuts lead to increase in demands, inflation will further increase, not decrease.
The uk doesn’t need the richest guy in the parliament to be PM is disgusting thing
Or does it, at least Rishi will not be doing favours to have his flat refurbished
If anything, you want someone who is financially secure. That's probably why MP's should be paid more and second jobs for those in office, banned.
She spent 500K private jet to OZ, cutting tax?
Anyone saying we’ll introduce the rentamark and tax you less for it should instantly be dismissed from the competition.
Mad Hatter Party, there is no need to clean up the mess, just move to the next table 😂😂😂😂😂😂😂😂
Behold the Conservative's best and brightest!
'least awful' and 'least dim'.
Sunak lovely explained the truth
Opinion please, Rishi Sunak failed to declare he has a Green Card when appointment of Chancellor, same time his wife was Non-Dom, Sunak only canceled his Green Card and Wife Non-Dom after a Leaks, Could Sunak be accused of dishonesty?
I would think so.
why would him having a green card matter?
@@ashra8281 Implication being that when things get tough he might just scarper . Having a Plan B might mean you didnt totally trust your Plan A.
Yes. He hasn’t lied at the dispatch box though.
@@YorkshireinManila that's not how that works in the slightest...
tories are the enemy that make you poorer
They all make me want to throw up
I'd never leave my wallet with Sunak!
Really don't think he's interested in your pennies. It's not like that small stuffing in your mattress drives the British economy. It's more likely you're a drain on public services as your lifetime tax barely covers what you take from public services
@@pantalome Sooner or later you’ll learn the working class is the backbone of any civilisation. Sunak couldn’t be more out of touch. It would indeed be ironic if you were in the crowd who would not benefit.
Either way that’s why we have a democracy. Kudos.
What would he do with an empty wallet with hole in it...watch a peep show?
Common truss you can't win over sunak he is Stanford man proud of you love from newjersey
Looks and speaks like college student. To think this guy an unknown in the party became chancellor and now wants to be prime minister is shocking, something is seriously wrong.
@@daveoliver5838 money mate
sunak friend of working class people....all hail sunak.
Sunak friend of working class all over the world.
He has no working class friend as he said . He is a billionaire and just wants more money in his bank . Also He didn't pay his taxes
So... who was the chancellor up till last week?
If Liz Truss wins, not just UK, the entire hemisphere is screwed.
Oh yes, why do you say that?
@@RestWithin
Because of what’s happening now…
Literally less than a month and she absolutely destroyed the economy and the pound. Nice.
Saying that their all the same 😃
We have inflation because of SUNAK, we have high taxes because of SUNAK! One thing he's made sure of is that his wife isnt affected by the policies of SUNAK!
The UK has the best Economic health in the world coming out of Covid because of Sunak… it’s like people forget that 2 years of the worst downturn in recent history happened and a recession was inevitable.
@@aarongideon8444 best economic health, really ? Why then all talk about fixing the economy ?
@@aarongideon8444 He was so great he got us in this mess
@@aarongideon8444 No it doesn't!!!! We're the worst of the g7 countries and the 19th out of the g20 countries. Our economy is failing. Not only not growing but actively shrinking, in the first quarter of the year our economy went down by 0.1%, not a huge amount but why the fuck is it going down
We are still in better position than Canada and the US.
Who are these people?.
Matt 'grab arse' Hancock now supports the lord of his own country manor, fishy Rishi, in his race for second place - Go team fishy!
Rishi is intelligent, he knows what he is doing
He is a liar
Sunak looks like a guy that'd spike your drink on holiday
Nah, more like the one who has to deal with situation when arrive at hospital.
It's your type which does all the spiking. Facts are facts.
racist. just cause he's brown,innit?
@@EccentricWorld facts are facts mate
I don’t get it. Why do you say that?
@Laura UK I called it!
Channel 4..competing with Beijing for the left vote.
Basic economics. Lack of trust leads to higher inflation. Sunak doesn't inspire trust
How many times did Liz blink during that?
Anyone wondering just finished striking that set and rishi got changed in the security booth
Said rishi the multi millionaire
Being an economics student, there is only one way to tackle debt and inflation. That is raising taxes. This is the only right way. Anyone that says otherwise or wants to reduce taxes doesn’t have the best interest of this country!
Sounds like you're failing that economics class mate
In a cost of living crisis what sense does it make to impose taxes making people worse off, to tackle inflation which is making people worse off. If you think taxes would reduce inflation, then you would agree that reducing public spending would reduce inflation. This is what many conservatives advocate.
@@martinwest7250 no he has it correct, inflation is high because supply is low.
Injecting more money into the public will only raise prices as corporations can rinse us more, fewer goods with more consumers will only make them increase their margins.
Until the global supply chain calms down, taxes should be left alone.
That’s not true, as long as the economy grows you can endlessly borrow at a certain rate.
You think that’s the right answer because you’re learning Keynesian economics which is incredibly flawed. For a more balanced perspective, learn Austrian economics.
if we need to be tough with money we should cut tory mps wages by half
Sunak lied to defend Boris on numerous occassions
I was against Rushi, but unfortunately from which has left, Rushi is the best candidate to become PM.
The country need a lider who understand Economics, Finance and Geopolitics.
He's a wef puppet we dont want a globalist as primister or someone that hate the working class
F him
💯
What makes you think Sunak understands any of those things? His party have flushed the economy in the toilet over 12 years
He’s been chancellor for over 3 years. HE is the reason why we are in this mess today!!
As long as sunak is kept out of number 10
Truss is more interested in Ukraine & flying private jet. Funding war won’t help economy
Sunak actually talks a lot of sense.
He’s the man for the job.
Liz states correctly that there is something wrong with our monetary policy (it's our monetary system too), but Rishi dishonestly snaps back "we can't get out of this with borrowing" - she didn't mention borrowing. I don't trust the current two front runners at all. It's between Kemi and Liz, and my vote is for Kemi. If Thomas Sowell is a hero to her, that's a pretty great start.
Members, move to Kemi. The media are going to hate her. Let them. I'd rather they fall than our country.
Truss will borrow to pay for tax cuts. The only other solution would be to cut public services, military spending and lay off tens of thousands of public sector workers. Delaying interest payments on the current deficit will only cause further fiscal pain years down the line. Inflation won't last too long hopefully. We all need to spend less and cut back to help balance the economy. Apart from the multimillionaire bankers who seem to be ever present amongst Tory ranks, and their billionaire backers and media moguls, although none of the latter live in the UK.
Kemi is literally a fascist mate
That's what she's implying tho.
@@whatisourchildrenlearning Much that I'd like to get rid of our central bank, for now I would prefer that they were truly independent. If they were and had to function as a business, they would not be purchasing bonds - end then what would the government do? (Rhetorical). I would also allow the markets o set interest rates so we'd have a genuine price of money. Even with those two steps, it would leave the government little choice but to shrink itself.
Two puppets.
Sri Lanka is in very big problem.
Liz Truss with that strong Margaret Thatcher 3.0 vibe 🤣
Government payouts during COVID should have never happened. People generally save all the cash or they spend it on dumb shizz like NFT's or GameStop. The free money, and shutdown of business caused this mess. Ask people to pay back the funds via a repayment period, like an installment loan.
My man lost and 45 days later himself became the prime minister..
I don't really follow politics and for these reasons as you see in the video but I've never know this country be in such a shambles. It's hard to describe but it's almost as though they just make it up every day. No plan, no foresight and tbh no good leadership. We don't need a narcissist like they ALL see to be. We need someone who actually gets it and I can only think of one, maybe two in the whole Parliament who might be able to do it and it's none of these clowns that's for sure
Who won't do a bank bail in and take all our money?
The same inflation your boss said wouldn't be a problem?
Truss is advocating economc hara-kiri.
Rishi Sunak is a Economist.
Economy drives progress....
Rishi Sunak cares for Tax payer's money...
So Money matters, so no freebies, no welfare, no socialists, NO illegals
Rishi Sunak is an ideal family Guy
Family values matter
Rishi Sunak has no charges of crime & corruption.
Integrity matters..
Rishi Sunak pulled UK economy thru tough COVID times..
Tough guys survive tough situations...
Rishi Sunak is young, dynamic, energetic is in-sync with Next Gen of UK
Joe Biden is suffering cognitive mental issues...so is US leadership.
Rishi Sunak is a blessing for UK...with proven capability & leadership. he deserves to be UK PM
Have they explained why they inflict anti-democratic FPTP on us and yet they are on their third round?
What I got from this is we have a Labour Coalition government on the horizon; not a moment too soon.
@@comparecars_org As I said, a coalition gov..Labour, Liberal and SNP.
Betting markets still have conservatives as most likely to win next election by far…not saying whether that’s good or bad just noting
@@shauncoptcoat9378 I'm not a Tory but work with quite a few old school Tories..they really are not happy with them and are considering a Lib Dem vote..
@@spacebarbus Brexit has realigned British politics. Many remain voting tories have moved to Lib Dems (especially in London) but many historic labour voters who voted leave have moved the other way…..honestly no idea who would win at next election imo
@@shauncoptcoat9378 In the same way Churchill carried the UK through the war, Labour through Atlee, rebuilt the UK after 1945...Those red wall voters will realise that at this place in time an alternative is required to rebuild after the cluster fuck that was Brexit...