11 votes

Truss's growth plan is nothing but a magic potion

2 comments

  1. [2]
    DanBC
    Link
    When the Financial Times comes out swinging at the government you know something's up. "Liz Truss has been weighed in the balance and found wanting. So, too, has Kwasi Kwarteng. A week of...

    When the Financial Times comes out swinging at the government you know something's up.

    "Liz Truss has been weighed in the balance and found wanting. So, too, has Kwasi Kwarteng. A week of unnecessary and damaging turmoil has proved this. But behind it is an even bigger danger. The only sort of leader more dangerous than the rogue the UK used to have is the zealot it has now. The dominant characteristic of zealots is their conviction that reality must adapt to their desires, rather than the other way around. If this attitude to life is adopted by an individual, it can do great damage to those close to them. In political leaders, the result may be a disaster for the country.

    The irony is that for these people “the market” is god and economics 101 their religion. Yet actual markets have rebuffed them, as investors fled sterling and gilts, causing such mayhem that the Bank of England’s Financial Policy Committee was driven to intervene, in an attempt to rescue the government and an ill-regulated pensions industry from their follies."

    It's blistering. I mean...

    "The party has been captured by zealots indifferent to reality or simple decency."

    ...this is the Financial Times.

    13 votes
    1. Greg
      Link Parent
      I’m in equal parts glad that they’re saying this so bluntly, and terrified that we’re at a point they need to.

      I’m in equal parts glad that they’re saying this so bluntly, and terrified that we’re at a point they need to.

      11 votes