Yes the Liz Truss debacle matters for Americans HEAD TOPICS
Yes the Liz Truss debacle matters for Americans
10/22/2022 1:01:00 AM The U K political drama will have ripple effects in the U S
Source POLITICO
The political drama with Liz Truss in the U.K. will have ripple effects in the U.S. Here's how. The U K political drama will have ripple effects in the U S in a mental hospital,” and he not only supported Brexit, but appeared willing to risk Irish border arrangements — and therefore peace in in Ireland — as a political bargaining chip.But, Conservative MPs don’t have the White House top of mind when their own careers are at stake — and around 200 of the 357-strong caucus would lose their jobs if an election were called tomorrow. If the choice is unemployment or Boris Johnson,many MPs will likely choose Johnson.Getting there would require the request of more than 100 MPs. If more than two candidates reach that threshold, then Conservative Party members would pick their preferred prime minister. If only one reaches the threshold, they are crowned the winner. King Charles then asks the winner to form a government. Read more:
POLITICO » Yes the Liz Truss debacle matters for Americans - POLITICO British Celeb Twitter is Losing It Over Liz Truss The UK's Prime Minister Resigns After Just 45 Days in Office British Pound (GBP) Breaking News: UK PM Liz Truss Resigns Latto and Flo Milli See Stars in One Another
Two of 2022’s hottest MCs worked hard to prove themselves in the music industry — and now, they want to share the love and support Read more >> Yes the Liz Truss debacle matters for Americans - POLITICOUk democracy is fine and functioning. It was the right wing Brexit that turned the UK into a dumpster fire Quite the contrary, UK seems to have a robust democracy. Politician does stupid things, public dislikes said stupid things, politician resigns. Unlike the US, where politician does ILLEGAL and SELF-INTERESTED things and NOTHING HAPPENS You mean other countries with messed-up Right-wing parties. UK's democracy appears to be working just fine. Incompetent politicians are compelled to quit. British Celeb Twitter is Losing It Over Liz TrussThe saga of Liz Truss has come to a very unexpected conclusion in a matter of 44 days. 🧐 She had VERY odd body language when she was reaching for the queen's hand the few times before her death. I get she was trying to be respectful but it went beyond that..im not suprised The UK's Prime Minister Resigns After Just 45 Days in OfficeTruss's announcement comes just months after former Prime Minister Boris Johnson also resigned from the position. British Pound (GBP) Breaking News: UK PM Liz Truss ResignsUK Prime Minister Liz Truss has resigned saying that she is unable to deliver on the mandate that she was elected on. Get your market update from nickcawley1 here: British Prime Minister Liz Truss quits after turmoil obliterated her authorityBritish Prime Minister Liz Truss resigned — bowing to the inevitable after a tumultuous, short-lived term. Liz Truss's catastrophic tenure reveals a hidden weakness of American governmentThe displeasure with Truss was recognized, reckoned with, and will be resolved in about a week. The American challenge goes much deeper. You saying we can't get rid of Joe Biden in a week? Anyone else jealous that Joe Biden didn’t resign after 44 days of economic mismanagement? 'Cakeism' like 'Trumpism' is populist governance by 'alternative facts' which invariably implodes when it runs head-on into reality. The encouraging trend is the half-life on the populist is getting shorter by the day as Liz Truss is demonstrating. a sadistic nurse in a mental hospital,” and he not only supported Brexit, but appeared willing to risk Irish border arrangements — and therefore peace in in Ireland — as a political bargaining chip.a sadistic nurse in a mental hospital,” and he not only supported Brexit, but appeared willing to risk Irish border arrangements — and therefore peace in in Ireland — as a political bargaining chip.by Aimée Lutkin Anadolu Agency/Anadolu Agency/Getty Images After six weeks in office, (former) Prime Minister Liz Truss has resigned.against politicians close to Johnson, that he was accused of mishandling. But, Conservative MPs don’t have the White House top of mind when their own careers are at stake — and around 200 of the 357-strong caucus would lose their jobs if an election were called tomorrow. If the choice is unemployment or Boris Johnson, many MPs will likely choose Johnson . If the choice is unemployment or Boris Johnson, many MPs will likely choose Johnson . Getting there would require the request of more than 100 MPs. Truss is a member of the Conservative Party who recently revealed a tax plan that would offer the ultra rich a massive cut. If more than two candidates reach that threshold, then Conservative Party members would pick their preferred prime minister. If more than two candidates reach that threshold, then Conservative Party members would pick their preferred prime minister. If only one reaches the threshold, they are crowned the winner.K. King Charles then asks the winner to form a government. King Charles then asks the winner to form a government.K. Central banks can trump governments, and markets like it Markets called many of the shots in this prime ministerial resignation. Have you been checking your 401k balance lately? You likely didn’t appreciate the balance you saw. Advertisement Have you been checking your 401k balance lately? You likely didn’t appreciate the balance you saw. That isn’t Liz Truss’ fault — but she certainly didn’t help.K. Beyond investor fears about recession, inflation, supply chains and nuclear war — markets simply didn’t trust the unfunded tax cuts that formed the basis of Trussonomics. Beyond investor fears about recession, inflation, supply chains and nuclear war — markets simply didn’t trust the unfunded tax cuts that formed the basis of Trussonomics. Truss' , and the Labour Party saw a sudden resurgence. The plans, announced Sept. 23, spooked financial markets: They punished the pound, drove up Britain’s cost of borrowing, and pushed the nation’s pension funds to the brink of collapse . 23, spooked financial markets: They punished the pound, drove up Britain’s cost of borrowing, and pushed the nation’s pension funds to the brink of collapse . Since the ex-PM is not particularly popular, the British media is taking the piss, as they say, at her expense. The only thing that calmed markets was the Bank of England promising to buy up to $70 billion in government debt. Now, the end of Truss and short-lived Chancellor Kwasi Kwarteng ’s control of Britain’s purse strings permanently removes a risk factor from investment strategies in financial centers from New York to Hong Kong. Now, the end of Truss and short-lived Chancellor Kwasi Kwarteng ’s control of Britain’s purse strings permanently removes a risk factor from investment strategies in financial centers from New York to Hong Kong. The Bank of England blew through nearly as much cash as Truss would have, if she’d had time to implement her tax cut plan. Unlike Truss, bank Governor Andrew Bailey still has his job. Unlike Truss, bank Governor Andrew Bailey still has his job. .