Pressure on Kwasi Kwarteng as sterling slide continues

43 comments
  1. This is beyond gross misconduct. This should bar him from office period, not just as a front bencher but from selection totally.

    Dagerous, corrupt and at worst treasonous.

  2. “Alright guys I know it looks doom and gloom but it’s not my fault; it’s the fault of those evil foreign woke immigrant alphabet Russians from mars. Also new micro budget we’re cancelling all disability benefits and warm home benefits for the elderly to help our budget after the tax cuts” – Kwasi this friday

  3. He could announce a complete u-turn and it won’t matter. The horse has bolted on this new government and the markets will never trust them.

  4. Does anyone else think he’s deliberately tanking the pound so disaster capitalists can clean up?

  5. Surely it’s treason if KK is a consultant on a board that’s shorting the pound and he introduces a bill with no one being able to scrutinise it. How the military haven’t gotten involved is beyond me. This is the greatest national security threat we have ever faced.

  6. Smiling as the country goes down the toilet.

    Might as well give him a fiddle and a can of petrol, couldnt make it any worse, his mates have made a fortune shorting the fuck out of the £ and the tax cuts that only favour those already rich.
    Would not surprise me if tipped off well ahead of any actual announcement.
    In any other country theyd be rounding these fuckers up, here, were too busy picking on the disabled, single mothers or fiening outrage at coppers doing the conga or taking a knee.

    ….. Still on the upside no nimby cheap wind turbines and the bankers can pay themselves what they like and squirrel the money offshore, whilst our cosplaying leader insists we drill baby drill for more black stuff and an earthquake will only be an earthquake when a whole town gets turned to rubble.

    Fucking cunts, voted in by fucking cunts and working for the benefit of fucking cunts.

  7. Imagine being in the job for a week and you’ve already made pressure on yourself with your dumb decisions lol

  8. Does this man have any idea what his doing?

    Or is he taking the Tory approach of simply not caring and lining his friends pockets?

  9. He’s smart. Bets against the pound and then ensures he destroys it. Then when someone else repairs it he’s quids up in one move. And so are all his rich buddies.

  10. Based on his past this has to be on purpose for his and other insiders benefit. You could define it as treason, either way there’s a special place in hell for this guy.

  11. Part of me thinks they want to loosen fiscal policy knowing BOE will have to tighten monetary policy and they can blame the BOE. But im not even sure they are economically literate enough to think of it.

  12. I feel this is totally planned by the Tories, they know it would take a miracle for them to win the next election so they will use what time they have left to make as much money as possible for themselves and their donors…this should scare everyone

  13. What’s his reddit name?

    ​

    Surely he’s on WallStreetBets with this kind of degenerate behaviour!!

  14. Utter clown show politics right now – no general election yet this “continuity” government has done a 180 on economic policy compared to the manifesto they were voted in on. Needs to be some kind reform in parliament to force general elections when the leader changes if this is the new pattern.

  15. He’s deliberately crashing the pound because the bloody investment fund he’s massively invested in IS CURRENTLY SHORTING THE POUND.

    This is insanity. Corruption at rampant levels and I guess we just sit back and enjoy seeing our country continue to crumble under the weight of Tory incompetency.

  16. Sounds like a job for more tax cuts.

    Maybe an emergency package of benefits aimed at the top 1% to make sure they are properly compensated for the loss of value their billions with Sterling’s fall.

    What we do know is that this is a personal attack on the richest members of society by a currency that just doesn’t respect it’s betters.

    The pound had better buck up its ideas and start working for the billionaires and companies or they will just take their lear jets and yachts and move to the Costa del Sol.

    The euro understands the needs of the rich and actually works for them.

    Honestly, it’s all Mr Kwarteng can do just to keep our blessed billionaires happy. We should give him a knighthood.

  17. Pressure my eye, that bent prick thinks it’s his way and no one elses.

    They’ll have to carry him out of the chancellors chair.

  18. Time for a no confidence vote in the government, need some tory rebels to realise that they should support it to keep hold of their own jobs.

  19. What a fucking disaster. The buck stops with Truss, mad that she’s actually getting a free ride over this then again Kwasi isn’t getting much heat either. I’m sick and tired of this right wing media government complex we have.

    They wanted Cameron over Milliband. They wanted Brexit. They wanted May and Johnson over Corbyn. They wanted Truss over Sunak just as an extra fuck you.

    It just keeps getting worse…and they’re all laughing to the bank.

  20. I’m starting to think we deserve this. Maybe I’m just too black pilled, but I really wouldn’t be surprised if the conservatives win the next election too. The public just loves voting against their best interest.

  21. The official line from government is no comment on market movements. The baptism of fire for the chancellor after his budgetary statement continued in the early hours of Monday morning, with the pound hitting further 37-year lows in early Asian trade, and then plummeting to all-time lows against the dollar, below $1.04 in early market trade.

    This is bad

  22. What also gets me is that they’re acting as if this is what the country wanted.

    No, you haven’t just won a general election, you’ve just won a larger than usual focus group polling of bigots called the Cuntservative Party Membership.

    They have no mandate from the people for this car crash of a budget they’re foisting upon a broken country to enrich themselves, their friends and donors.

  23. So its not been a month and the truss gov has already manged an impressive fuck up congrats lizz you’ve out fucked up your predecessors

  24. Pressure? He’s earned millions for his paymasters in the city betting against the economy he’s got his bonus secure already.

  25. I did have a chuckle when I heard this fuckwit had been appointed chancellor.

    Not an endorphin releasing kind of chuckle. The nervous kind you do when you know you’re beyond fucked and your life is now in the hands of a stranger.

    The helplessness you feel on a turbulent plane.

    That’s where we are. We got here because of a 9 minute toast. There’s nothing like a riled Englishman/women’s wrath once a liberty has been taken. Just look at that arrogant Schofield and his sickly co-host. Cut into a queue and will be lucky if they avoid a public hanging in Trafalgar Square!

  26. Not the first time he’s given Truss a weak pound, allegedly. Unlike Mark Fields whose affair with her was reported at the time but not so much recently for some reason.

  27. I’m sickened by this. I feel angry and helpless and scared. I have never voted for a Tory and never will. How much more economic misery is going to be heaped on the British people. I did not vote for Brexit. I didn’t vote for any of this. Between the shitshow that Brexif has caused, to the pandemic where I worked all the way through, to now unaffordable energy bills and our currency in free fall, how on earth are we supposed to get through this

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