Britain’s new chancellor of the Exchequer!

14 Oct

By sacking Kwarteng, Truss hopes to save herself. But there is little chance this will work. Appointing Jeremy Hunt as replacement chancellor is an attempt to reach out to other sections of the party, but her government is dead in the water. Hunt, a Sunak supporter at the centre of plans to stop Truss becoming Tory leader, will be as keen as anyone for the axe to fall on her neck—whatever he says in public.

WSWS, October 14

As its occupant of just thirty-eight days 1 exits 11 Downing Street …

… a safer pair of hands will be moving in, its owner a true financial maestro.

See my post earlier today on Truss’s zugzwang. Short of resignation – highly likely – there’s no move she can safely make. Not even a relatively small one. Says the Guardian under the header, Truss premiership ‘hanging by thread’ after Kwarteng sacking and latest U-turn:

The appointment of Hunt infuriated some of Truss’s earliest backers who endorsed her tax cutting plan. One who was among the original 24 who nominated her for the leadership in July said: “She is removing every reason I voted for her.” A previously loyal backbencher also said there would be gatherings over the weekend and she would be “told to go on Monday”.

Meanwhile Jeremy Seven Pads is already being called a de facto caretaker prime minister.

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  1. Most report thirty-nine days but I used MS Excel’s date function to subtract 6/9/22 from 14/10/22. So unless my enemies calculated the hours and rounded up, their numeracy skills are on a par with TrussTweng’s. Not that this affects the bottom line. Be it thirty-eight days or thirty-nine, Kwarteng’s tenure is the second shortest in UK history, though the man who romps in at numero uno had a better excuse. In 1970 Iain McLeod died on the job after thirty days.

3 Replies to “Britain’s new chancellor of the Exchequer!

  1. Shakespeare would doubtless have plenty of material here for a farce never mind a comedy. Yet the systemic situation across a number of fronts – economic, social, Geo-political – is so dire an epic tragedy would be more appropriate.

    Just a few short weeks ago the media class who are at present engaged in a mass pile on to convince us of what has always been bleedin’ obvious to any sentient life form above the amoeba stage were busy telling us how Team Truss was going to be the bees knees and the dogs bollocks.

    Britain was going to be ‘Unchained’ in a Randian Revolution which totally did away with the State – both physically and conceptually. It cannot be too long before the shelf life of political representatives is measured in days or even hours and the suspicion occurs that an Official policy of Accelerationism is in play behind the scenes.

    Given this 180 degree turn around has occurred over a matter of a few short weeks a reasonable conclusion would be that at the very least a majority of the populace would by now be putting two and two together and deciding you could not trust a single word from any Corporate Media source on any matter, including what today’s date is.

    And yet the Gibbs-Mann Amnesia Effect remains as strong and constant as ever. Suggesting the UK at least represents the largest operational example of Stockholm Syndrome in recorded history.

    Bonhoeffer’s observations seem to be the only conclusions which fit the available facts:

      • Obviously got Murray confused with the former Blades loan player from Wolves, now plying his trade at Nottingham Forest, Gibbs-White.

        Its so easy to get those two dudes mixed up.

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