Stop voting for fucking Tories

[tabascoboy]

[dpedin]

In many ways the tax cuts for the rich are a bit of a sideshow! The bankers bonus was announced in order to deflect from the more insidious plans they have, knowing full well it would attract the noise from the press and the left. This is straight out of the Trump/Blonde Bumblecunt playbook - except they don't have a blond buffoon to distract so they needed something to provide the sideshow. The more worrying and dangerous underlying theme to the whole budget and subsequent announcements is the plan to deregulate - stripping back environmental, employment, tax and human rights in order to steamroller through their plans for Freeport's and Charter cities or whatever they are calling them now. These moves will take us back to the 60's and 70's and strip away all the progress we have made but they see them as blockages to big businesses growing. If you think the shit in the rivers and seas was bad you ain't seen nothing yet. However doing this will automatically exclude us from a range of trade deals and no doubt lead to a trade war with the EU etc. However this bunch of cretins are only in it for the quick wins and will swan off to the carribean once they have asset stripped the UK of its last remaining assets.

[tabascoboy]

So PMs new Chief of Staff ( the one "helping the FBI with their enquiries") is paid by a lobbying firm? No, no possible conflict of interest there then

[I like neeps]

Because voting for the conservatives is very rational if you own assets. As they have reliably increased those assets values with every policy. Very few people have argued that voting Tories if you own a house is extremely sensible because every year you become richer. Brexit is irrational if you understand economics but if you don't really and read The Sun, Mail, Telegraph or Times then it's rational because they blamed the EU for everything.

People who have paid off their mortgage and people with large savings are the minority of the population. And then how many have paid off their mortgage and used their savings to buy a BTL with recurring revenue? That's now gone. How many of them are watching their bank of mum and dad nest egg to their kids go bye bye? Surely that doesn't make them happy? How many are nimbys to retain their houses value for when they downsize or want to help their children with inheritance? That now is going. How many rely on the NHS more and more as they get old? Because that's in a dreadful state.

I agree that people are going to lose all spending power when their mortgages become unaffordable and the economy will fall in on itself. But that's why I said it's the end of the Tories. When their policies fail because international investors don't like them or brexit (check) and the interest rates rising collapses their voters personal income and the income (2-5 years time) they're done. There's no nationalism to cling on to.

Of course they've played a hospital pass to the next Labour government so the rampant press baiting of Labour in power could bring them back but people won't forget.

Out of homeowners "people who have paid off their mortgage and people with large savings" are the majority, as in more people own their residence outright than people paying a mortgage for the house they "own". They bought decades ago when house prices were much lower and an average salary covered more of the cost, and have been paying in for decades. Just that alone makes them immune to the higher interest rates the Tories are going to bring about. It's such an advantage they basically stand to lose not much, other than the psychological hit of falling house prices maybe (but it's illusionary wealth, because when a house is sold it's usually exchanged for another house, so if house prices broadly fall they lose not much), but there's still a lack of supply so maybe house prices don't fall much.

There's reports that even more taxes are going to be cut. Fuck knows where the interest rate is heading, in all the reporting I've read there's zero comprehension that numbers like 5% or 7% may sound low by historic standards, but they're as unaffordable as much higher numbers in the past were. there's zero comprehension what house price inflation and a decade and a half of wage stagnation has done.

It's also being reported in the Times that Tory connected hedge funders short the pound and made a killing, same thing happened when parliament was prorogued and on the Brexit referendum. There was also this at the end of that Times article, if you want a read on how rational people people can be:
"However, even those who like what Truss has done so far are concerned that it needs to be explained better to the public. There is some evidence that the public will give Truss the benefit of the doubt for now. In a focus group with voters from the marginal Midlands seat of West Bromwich East conducted by Luke Tryl, a former Tory political adviser, on Friday evening, many questioned the effectiveness and fairness of the budget measures. But they also said it was “too soon” to judge Truss. Several questioned whether Sir Keir Starmer, the Labour leader, was “strong enough” to be prime minister. Five of the participants had voted Tory in 2019, when Nicola Turner beat her Labour rival by 1,593 votes; three of them had backed Labour. In a vote at the end of the focus group, they divided six for Truss and two for Starmer.".

Don't think they will be shielded completely. The number of people who live in a house outright might be larger than mortgage holders but there are more renters than outright owners and around 2.4m BTLs. I am going to guess a significant number of BTL landlords are those who own their house outright. Also, if the market collapses because people can't afford record costs + 5% mortgages the outright owners won't be at all happy because their asset wealth is totally eroded. That's the best egg for the kids gone. I guess the hope is according to Robert Colvile who wrote Bojo's election manifesto the cut in stamp duty means they can downsize and cash in their wealth to stimulate the market but that seems bold because relies on people being able to afford larger houses. The rental market will also likely cool.

Yes Labour should make a huge deal about Tories being supported by bankers (one who Kwarteng worked for) shorting the point and gaining massive profits on betting against Britain. But they won't as Starmer is fairly useless.

I don't think deciding it's too soon to judge Truss is irrational. Most people are fairly plugged out of politics and optimists. Have they been following market reaction to the budget? The Tory pollster obviously isn't telling them what happened. I have to agree swapping Corbyn's Labour for Truss' conservatives is bizarre. However, focus groups are led in the direction you want them to be and quite often people just agree with the majority anyway.

[fishfoodie]

All the promises about restructing agricultural subsidies were thrown in the bin last week; & even the most middle-class of institutions has finally realised the plan.

[_Os_]

Neeps, there's enough in that reply to support what I'm saying. The Tories have a core support of 30%-35% that benefit from all the goodies the Tories give them, they're older property owners making a rational choice (but an increasingly immoral one). The Tories then only need a good election campaign where they con a few more and they've got a majority, irrational people exist.

Don't think they will be shielded completely. The number of people who live in a house outright might be larger than mortgage holders but there are more renters than outright owners and around 2.4m BTLs. I am going to guess a significant number of BTL landlords are those who own their house outright. Also, if the market collapses because people can't afford record costs + 5% mortgages the outright owners won't be at all happy because their asset wealth is totally eroded. That's the best egg for the kids gone. I guess the hope is according to Robert Colvile who wrote Bojo's election manifesto the cut in stamp duty means they can downsize and cash in their wealth to stimulate the market but that seems bold because relies on people being able to afford larger houses. The rental market will also likely cool.

There's about 30m UK residential dwellings, of those 11m are mortgaged, there's different ways of measuring the PRS (by BTL mortgages, by houses rented, by number of landlords), but I've never seen any figure higher than 4.5m. The PRS has stagnated since 2016 and last time I looked most new BTL mortgages are re-mortgages. Most landlords are small time and have less than 5 houses, they're the accidental type (combined households with their partner and let the spare house), or someone that bought some then decided it was too much work. What I'm getting at is that there's no one size fits all description of "landlord", for example it's not true that every landlord has a residence that's mortgage free because the risk tolerance of someone that buys multiple houses isn't the same as someone that wants to be debt free. How a 5% interest rate impacts a landlord will depend on their portfolio (obviously), there's much less vagueness about those newest to the housing market being the most damaged (the equation for them is "high house price + 15 years of wage stagnation + historically normal interest rate of 5% = bankruptcy").

There's really two things here that are pertinent. 1 A large amount of homes are owned outright, these people are significantly less impacted (I would argue almost immune) from interest rate rises, if this is the core Tory constituency then the Tories will not care about interest rates so much, and indeed their messaging is that they don't care about interest rates. 2 The percentage of any of these people who are suddenly going to vote Labour when the economy turns bad, is very low, because the Tories will still be more aligned with protecting their interests.

Yes Labour should make a huge deal about Tories being supported by bankers (one who Kwarteng worked for) shorting the point and gaining massive profits on betting against Britain. But they won't as Starmer is fairly useless.

I don't think deciding it's too soon to judge Truss is irrational. Most people are fairly plugged out of politics and optimists. Have they been following market reaction to the budget? The Tory pollster obviously isn't telling them what happened. I have to agree swapping Corbyn's Labour for Truss' conservatives is bizarre. However, focus groups are led in the direction you want them to be and quite often people just agree with the majority anyway.

This is the second part of what I'm saying. Not everyone can be reasoned with, those people can only be won with an emotional offer and the easiest way to do that is to appeal to their identity (in mass politics it's also the only practical method). Of course backing Corbyn then backing Truss is irrational, that's the point. Labour knows Brown/Miliband/Corbyn were all basically called Communists that would destroy the UK, they were demonised by the press and rendered unelectable. Starmer has deliberately provided no way of attacking him on this basis, he advocates almost no change at all and puts the British flag on everything possible, he stands for almost nothing and has given the Tories and the Tory press (Express/Sun/DM/Telegraph/Times) zero attack surface. If he supported any change, he would become a Communist trying to destroy the UK just like Brown/Miliband/Corbyn and would then be unelectable, because much like in that focus group Tory talking points around Labour being dangerous would dominate.

With the economic damage that's coming this should be enough to get the Tories out. But the risk for Labour is that they look unauthentic, the Tories can wave flags and talk a load of bullshit better than they can.

[I like neeps]

Hope everyone is ready for Black Monday 2

[I like neeps]

Neeps, there's enough in that reply to support what I'm saying. The Tories have a core support of 30%-35% that benefit from all the goodies the Tories give them, they're older property owners making a rational choice (but an increasingly immoral one). The Tories then only need a good election campaign where they con a few more and they've got a majority, irrational people exist.

Don't think they will be shielded completely. The number of people who live in a house outright might be larger than mortgage holders but there are more renters than outright owners and around 2.4m BTLs. I am going to guess a significant number of BTL landlords are those who own their house outright. Also, if the market collapses because people can't afford record costs + 5% mortgages the outright owners won't be at all happy because their asset wealth is totally eroded. That's the best egg for the kids gone. I guess the hope is according to Robert Colvile who wrote Bojo's election manifesto the cut in stamp duty means they can downsize and cash in their wealth to stimulate the market but that seems bold because relies on people being able to afford larger houses. The rental market will also likely cool.

There's about 30m UK residential dwellings, of those 11m are mortgaged, there's different ways of measuring the PRS (by BTL mortgages, by houses rented, by number of landlords), but I've never seen any figure higher than 4.5m. The PRS has stagnated since 2016 and last time I looked most new BTL mortgages are re-mortgages. Most landlords are small time and have less than 5 houses, they're the accidental type (combined households with their partner and let the spare house), or someone that bought some then decided it was too much work. What I'm getting at is that there's no one size fits all description of "landlord", for example it's not true that every landlord has a residence that's mortgage free because the risk tolerance of someone that buys multiple houses isn't the same as someone that wants to be debt free. How a 5% interest rate impacts a landlord will depend on their portfolio (obviously), there's much less vagueness about those newest to the housing market being the most damaged (the equation for them is "high house price + 15 years of wage stagnation + historically normal interest rate of 5% = bankruptcy").

There's really two things here that are pertinent. 1 A large amount of homes are owned outright, these people are significantly less impacted (I would argue almost immune) from interest rate rises, if this is the core Tory constituency then the Tories will not care about interest rates so much, and indeed their messaging is that they don't care about interest rates. 2 The percentage of any of these people who are suddenly going to vote Labour when the economy turns bad, is very low, because the Tories will still be more aligned with protecting their interests.

Yes Labour should make a huge deal about Tories being supported by bankers (one who Kwarteng worked for) shorting the point and gaining massive profits on betting against Britain. But they won't as Starmer is fairly useless.

I don't think deciding it's too soon to judge Truss is irrational. Most people are fairly plugged out of politics and optimists. Have they been following market reaction to the budget? The Tory pollster obviously isn't telling them what happened. I have to agree swapping Corbyn's Labour for Truss' conservatives is bizarre. However, focus groups are led in the direction you want them to be and quite often people just agree with the majority anyway.

This is the second part of what I'm saying. Not everyone can be reasoned with, those people can only be won with an emotional offer and the easiest way to do that is to appeal to their identity (in mass politics it's also the only practical method). Of course backing Corbyn then backing Truss is irrational, that's the point. Labour knows Brown/Miliband/Corbyn were all basically called Communists that would destroy the UK, they were demonised by the press and rendered unelectable. Starmer has deliberately provided no way of attacking him on this basis, he advocates almost no change at all and puts the British flag on everything possible, he stands for almost nothing and has given the Tories and the Tory press (Express/Sun/DM/Telegraph/Times) zero attack surface. If he supported any change, he would become a Communist trying to destroy the UK just like Brown/Miliband/Corbyn and would then be unelectable, because much like in that focus group Tory talking points around Labour being dangerous would dominate.

With the economic damage that's coming this should be enough to get the Tories out. But the risk for Labour is that they look unauthentic, the Tories can wave flags and talk a load of bullshit better than they can.

Insulted as in you don't need to sell your house, but it also means when you do you'll take a huge loss. It also feels a bit unrealistic to me an electorally significant number of those won't have some exposure somewhere whether it's home loans, car loans, nest egg for the kids.

The over leveraged mortgage holders and landlords using a house or two for their retirement wont be a majority but any stretch but again it'll be a significant number electorally. Of course the high deposit + high borrowing will be worse than both. And again, that's electorally a significant number.

Yes agreed with putting the flag on things which isn't even what people want I don't think. You'd have to speak to the person who moved from Corbyn to Truss to understand it. But it'll be such a hilariously low numbet nationwide as to make this focus group the pointed waste of time they all are.

[fishfoodie]

Hope everyone is ready for Black Monday 2

I'd head out early & brim your cars tank, & if you haven't done so already, make sure your home heating tank is full too !

Oil being priced in dollars isn't your friend right now.

[_Os_]

Insulted as in you don't need to sell your house, but it also means when you do you'll take a huge loss. It also feels a bit unrealistic to me an electorally significant number of those won't have some exposure somewhere whether it's home loans, car loans, nest egg for the kids.

The over leveraged mortgage holders and landlords using a house or two for their retirement wont be a majority but any stretch but again it'll be a significant number electorally. Of course the high deposit + high borrowing will be worse than both. And again, that's electorally a significant number.

Someone that has paid off their house is in a fundamentally different place to those that haven't. Even if house prices fall, they're only losing part of the house price inflation, they'll still be up on what they bought it for (having bought decades ago). Any loss they have is notional and basically not real. These people aren't going to become Labour voters because of this, they're just not sorry. All their incentives will remain the same. The UK's population isn't young, so this isn't a small group of people.

The group that is going to get fucked hard, are those under 40 with a mortgage. When you say "the high deposit + high borrowing will be worse than both", that's most that bought over the last decade in 0% interest rate conditions, with massive house price inflation, and massive wage stagnation. An average household income will struggle to support the size of mortgage many of these people have at a BoE Rate of 5%. It's not going to be a small amount of mortgages either, 25% of mortgages are trackers and from memory another 20% need to re-fix in 2023, so around half of mortgages will be exposed to a 5% BoE Rate next year, or 1 in 6 residential dwellings. Those people are going to remember this for the rest of their lives, if they're Tory voters now they're going to reconsider.

If the Tories insist their biggest morons must remain in the cockpit, there could be calls for the government to support the mortgage market. But the UK has an outstanding residential mortgage debt of £1.6 trillion.

Yes agreed with putting the flag on things which isn't even what people want I don't think. You'd have to speak to the person who moved from Corbyn to Truss to understand it. But it'll be such a hilariously low numbet nationwide as to make this focus group the pointed waste of time they all are.

You won't be able to understand it by talking to them, it's irrational. A lot of people vote based on the feel of the final week, it's why parties put so much effort into the short campaign directly before the vote. It's easier to fight that final week if the opponent has landed zero punches over the years beforehand.

[Insane_Homer]

into the 1.05s already, briefly dipped into the 1.03s

[I like neeps]

Hope everyone is ready for Black Monday 2

I'd head out early & brim your cars tank, & if you haven't done so already, make sure your home heating tank is full too !

Oil being priced in dollars isn't your friend right now.

This week's rebellion against Truss is going be to maybe even more funny than the rebellions against Johnson.

[petej]

Hope everyone is ready for Black Monday 2

I'd head out early & brim your cars tank, & if you haven't done so already, make sure your home heating tank is full too !

Oil being priced in dollars isn't your friend right now.

This week's rebellion against Truss is going be to maybe even more funny than the rebellions against Johnson.

I will believe it when I see it. The press barons want it so the papers will be relatively quiet on it. Bimbos of the world will say it is good for exporters.

[I like neeps]

Insulted as in you don't need to sell your house, but it also means when you do you'll take a huge loss. It also feels a bit unrealistic to me an electorally significant number of those won't have some exposure somewhere whether it's home loans, car loans, nest egg for the kids.

The over leveraged mortgage holders and landlords using a house or two for their retirement wont be a majority but any stretch but again it'll be a significant number electorally. Of course the high deposit + high borrowing will be worse than both. And again, that's electorally a significant number.

Someone that has paid off their house is in a fundamentally different place to those that haven't. Even if house prices fall, they're only losing part of the house price inflation, they'll still be up on what they bought it for (having bought decades ago). Any loss they have is notional and basically not real. These people aren't going to become Labour voters because of this, they're just not sorry. All their incentives will remain the same. The UK's population isn't young, so this isn't a small group of people.

The group that is going to get fucked hard, are those under 40 with a mortgage. When you say "the high deposit + high borrowing will be worse than both", that's most that bought over the last decade in 0% interest rate conditions, with massive house price inflation, and massive wage stagnation. An average household income will struggle to support the size of mortgage many of these people have at a BoE Rate of 5%. It's not going to be a small amount of mortgages either, 25% of mortgages are trackers and from memory another 20% need to re-fix in 2023, so around half of mortgages will be exposed to a 5% BoE Rate next year, or 1 in 6 residential dwellings. Those people are going to remember this for the rest of their lives, if they're Tory voters now they're going to reconsider.

If the Tories insist their biggest morons must remain in the cockpit, there could be calls for the government to support the mortgage market. But the UK has an outstanding residential mortgage debt of £1.6 trillion.

Yes agreed with putting the flag on things which isn't even what people want I don't think. You'd have to speak to the person who moved from Corbyn to Truss to understand it. But it'll be such a hilariously low numbet nationwide as to make this focus group the pointed waste of time they all are.

You won't be able to understand it by talking to them, it's irrational. A lot of people vote based on the feel of the final week, it's why parties put so much effort into the short campaign directly before the vote. It's easier to fight that final week if the opponent has landed zero punches over the years beforehand.

Insulted in that they won't lose their house I agree. But high interest rates will likely be painful for them in other ways. (a) commodity inflation as the pound plunges, (b) recession caused by high interest rates (c) maybe they're involved with an SME that can't afford the interest on debt now whether employed, a loyal customer whatever (d) do they have credit card debt or car loans or even home loans? They go up (e) bank of mum and dad is one of UK's largest mortgage lenders. I presume a good number of them pay off your house and help your kids - gone (f) want a holiday in your retirement? (g) planned to sell your house and now the payout is going to be less.

I agree with you that mortgage holders will be far worse affected. But, those who have paid off their mortgage will be affected and some affected in a way you can no longer guarantee voting Tory.

I also think the focus group is nonsense. Ask them when their financial mismanagement hurts.

[I like neeps]

The Tories - hello chaps we want to borrow your money for tax cuts of the 1%

The people they want to borrow from - no.

[I like neeps]

I'd head out early & brim your cars tank, & if you haven't done so already, make sure your home heating tank is full too !

Oil being priced in dollars isn't your friend right now.

This week's rebellion against Truss is going be to maybe even more funny than the rebellions against Johnson.

I will believe it when I see it. The press barons want it so the papers will be relatively quiet on it. Bimbos of the world will say it is good for exporters.

The papers (telegram, Seb Payne the FT 's Tory pet, the times) are all reporting if the currency continues its slide and bonds continue their tear a number of Tory MPs will vote against it. Remember, she wasn't their choice.

[Hal Jordan]

into the 1.05s already, briefly dipped into the 1.03s

Getting pounded like a cheerleader in a locker room bongo vid.

[Paddington Bear]

On the one hand the devaluation of the pound is bad for British business and market confidence, on the other I got a reasonable sized dollar denominated cheque in the post this morning, so who's to say whether it is a good or bad thing

[Raggs]

On the one hand the devaluation of the pound is bad for British business and market confidence, on the other I got a reasonable sized dollar denominated cheque in the post this morning, so who's to say whether it is a good or bad thing

I'm hoping my employer is feeling generous. They work mostly in USD (overseas company), so in theory I've become a lot cheaper to employ, might be able to get a pay rise.

[yermum]

into the 1.05s already, briefly dipped into the 1.03s

Getting pounded like a cheerleader in a locker room bongo vid.

Ah you work in the city, I can tell by the technical terminology.

[fishfoodie]

Kay Burley reading out a msg from a Tory MP, describing them as practising "A-Level Economics", with peoples lives, & saying that letters are already going into Brady.

[robmatic]

On the one hand the devaluation of the pound is bad for British business and market confidence, on the other I got a reasonable sized dollar denominated cheque in the post this morning, so who's to say whether it is a good or bad thing

My expenses are in Turkish lira and I'm still getting roasted. That's how bad this is.

[Insane_Homer]

At least when we rejoin the EU, adopting the Euro will be a no brainer, so there's that :/

[I like neeps]

Kay Burley reading out a msg from a Tory MP, describing them as practising "A-Level Economics", with peoples lives, & saying that letters are already going into Brady.

Just wait until they realise what happens to their constituents mortgage. Even Truss will be putting in a letter.

[Raggs]

Makes me very glad we took a 5 year fix when getting our mortgage early this year. Might be long enough to ride out this horror show.

[SaintK]

Also being paid via his lobbying company rather directly salaried!

Mark Fullbrook is understood to have been promised by Liz Truss that his company would run the Tories’ next general election campaign if he joined her No 10 operation as chief of staff.
Sources claimed the “quid pro quo” arrangement, which could be highly lucrative for his lobbying company, Fullbrook Associates, was a precondition of the strategist taking the job.
It follows the revelation that, in a highly unusual move, the prime minister’s most senior adviser would receive his salary through his company, which may help him minimise tax.

https://www.theguardian.com/politics/ ... -10-job

[dpedin]

After a brief respite both £ and FTSE heading down again. BoE will have to put rates up asap and clever money is on a 1% increase in order to restore confidence.This will crush any growth and increase repossessions and rents. It would have been easier to publish the OBR analysis unless of course all this was projected? Either Kwartang does a 180 or there will be enough letters into Mr Brady to trigger another leadership election? I am sure Mr Odey will give our Chancellor his old job back.

This all went tits up pretty quickly didn't it - who would have thought?

[fishfoodie]

Did Liz bother to appoint an ethics adviser, or is that role now officially redundant with the Tories ??

[yermum]

If the prospect of financial doom wasn't so immediate and worry-some this would almost be funny

[SaintK]

Did Liz bother to appoint an ethics adviser, or is that role now officially redundant with the Tories ??

Nope! Wouldn't have thought it anywhere near the top of her list of things to do.
Far too busy pushing more and more folk into poverty and moving ahead with her Brittania Unhinged manifesto

[I like neeps]

If the prospect of financial doom wasn't so immediate and worry-some this would almost be funny

It will be funny when Truss is turfed out before Christmas.

[sturginho]

Did Liz bother to appoint an ethics adviser, or is that role now officially redundant with the Tories ??

I think she made a point of not appointing one

[Hal Jordan]

On a lighter note, Darren Grimes has been fired from GBNews, apparently learning about it on Twitter. Looks like cancel culture is alive and kicking!

[dpedin]

Looks like Biden knew about the UK budget in advance and his tweet about trickle down economics was aimed squarely at Truss! Can't see how the UK gets any real growth now having pissed off the EU and the US!

PS However I expect Scotlands golf courses to be full of rich Americans next year splashing the cash as the £1 = $1. Might have to find a wee part time job doing some caddying? Tips should be bigger?

[Insane_Homer]

On a lighter note, Darren Grimes has been fired from GBNews, apparently learning about it on Twitter. Looks like cancel culture is alive and kicking!

Happy schadenfreude to those who celebrate.

[Paddington Bear]

Looks like Biden knew about the UK budget in advance and his tweet about trickle down economics was aimed squarely at Truss! Can't see how the UK gets any real growth now having pissed off the EU and the US!

PS However I expect Scotlands golf courses to be full of rich Americans next year splashing the cash as the £1 = $1. Might have to find a wee part time job doing some caddying? Tips should be bigger?

It takes a fairly embarrassing level of cultural cringe to seriously believe Biden is subtweeting about British domestic politics

[JM2K6]

Looks like Biden knew about the UK budget in advance and his tweet about trickle down economics was aimed squarely at Truss! Can't see how the UK gets any real growth now having pissed off the EU and the US!

PS However I expect Scotlands golf courses to be full of rich Americans next year splashing the cash as the £1 = $1. Might have to find a wee part time job doing some caddying? Tips should be bigger?

It takes a fairly embarrassing level of cultural cringe to seriously believe Biden is subtweeting about British domestic politics

Let's not pretend what's happening here isn't big news in the USA.

[Paddington Bear]

Looks like Biden knew about the UK budget in advance and his tweet about trickle down economics was aimed squarely at Truss! Can't see how the UK gets any real growth now having pissed off the EU and the US!

PS However I expect Scotlands golf courses to be full of rich Americans next year splashing the cash as the £1 = $1. Might have to find a wee part time job doing some caddying? Tips should be bigger?

It takes a fairly embarrassing level of cultural cringe to seriously believe Biden is subtweeting about British domestic politics

Let's not pretend what's happening here isn't big news in the USA.

The market reaction is financial news, the tweet came before that and was clearly referencing the Republicans. The idea the falling £ is the talk of middle America is just mad - they really don't care about what happens here.

[JM2K6]

It takes a fairly embarrassing level of cultural cringe to seriously believe Biden is subtweeting about British domestic politics

Let's not pretend what's happening here isn't big news in the USA.

The market reaction is financial news, the tweet came before that and was clearly referencing the Republicans. The idea the falling £ is the talk of middle America is just mad - they really don't care about what happens here.

Who said anything about middle America?

My twitter feed is full of yanks commenting on what's happening here. The NY Times hasn't been quiet on it. It's literally fucking headline news on the Washington Post right now: https://www.washingtonpost.com/

Sorry, but you're wrong on this. It's big news in the USA.

[Paddington Bear]

Let's not pretend what's happening here isn't big news in the USA.

The market reaction is financial news, the tweet came before that and was clearly referencing the Republicans. The idea the falling £ is the talk of middle America is just mad - they really don't care about what happens here.

Who said anything about middle America?

My twitter feed is full of yanks commenting on what's happening here. The NY Times hasn't been quiet on it. It's literally fucking headline news on the Washington Post right now: https://www.washingtonpost.com/

Sorry, but you're wrong on this. It's big news in the USA.

Which isn't what I was saying in the first place - Biden is not subtweeting the British government