Tuesday, 27 September 2022

Snowing?

 A couple of weeks into her reign, and Mrs Truss has set the country alight by having her chancellor announce a huge range of tax reductions that will result in huge borrowing.  The markets don't like it, and with a strong dollar making the pound 'sink to an all time low' it seem a bit bleak on the economic front.  I'm not in the 'bleak' camp though, markets are as fickle as anything and a few days of negativity is quite normal.  I could well be wrong and we will be plunged into a financial crisis for years to come, but I don't think so.  I wonder if any of the market traders are a similar vintage to me, who remember 15% interest rates, money very hard to come by and industrial unrest a way of life.  If not, no wonder they are all panicking, having had it so easy for the last 20+ years.

Tuesday, 6 September 2022

I'll take the register today.

So, Ms Truss has surfaced as the leader of the Tories and hence leader of our great country.  Unfortunately, she doesn't fill me with much confidence but I suppose as usual time will tell us what she and her lackeys are really like.  She reminds me too much of a rubbish junior school teacher to take her seriously - nothing against junior school teachers of course, but how many of them become prime mister?   I'm hoping she soon realises what a difficult job it is and packs it is, but realistically she will probably last until the next election where the Tories will have a humiliating loss and she will have to resign.

In the meantime, there will be plenty to chortle/scoff at until that time.