If ever a political party has misjudged the public mood more in the last few decades, it’s the British Conservative Party, here and now. Without going into the cavalcade of reasons why they are incompetent, the overriding fact is that they are completely out of step with the British people.
After years of turbulent instability and pressures caused by the banking crisis, the pandemic, conflict and Brexit they have a mad idea that we have a big appetite for chaotic change with blind sheeplike obedience. It’s difficult to say that in “normal times” this Government’s irresponsible behaviour would be totally unacceptable to the point of civil disobedience and mass protest. But it’s true and the later may indeed happen. Winter is coming.
Running the British economy as if it were a poorly thought-out student project is beyond contempt. The childishness of the UK Prime Minister and Chancellor of the Exchequer is off the scale. There is’nt a scale made for this bunch of idealogical fanatics.
This week there maybe a week of back peddling, without seeming to back peddle but the damage is done. Reputational damage is easy to achieve but mighty difficult to recover from in the short-term.
The classic British example is that of Ratners in 1991/92. Now, instead of the “Ratner effect[1]” we will have to speak of the “Truss effect” in 2022. Certainly, in the rank and order of economic disasters the Truss Government must rank well above Ratner. Afterall, he only lost 330 jewellery stores, 2500 employees and over £122 million in a few seconds.
Interestingly, the fall of Troy is on the list of all time disasters brought on by human folly. Even I wouldn’t draw a comparison with the Truss effect and a tragic story from classical literature. Or would I?
In breaking my own rule, I can just see the Chancellor of the Exchequer Kwasi Kwarteng as a wooden horse entering the His Majesty’s Treasury ready to burn it down. He’s jumped out of the horse and what comes next is writen. He may be serving at His Majesty’s pleasure but I’m sure that’s just formal terminology and, there’s a whole bucket load of displeasure behind the scenes. Whatever his eccentricities, it’s likely His Majesty is far more in-touch with the British people than this appalling British Government. They have sat too long. It’s time for them to go. And go soon.
POST 1: At conference, it is reported that the Conservative Party chairman is telling their MPs they will lose the party whip if they vote against the fatal mini-budget of last week. Shirts are being printed with the slogan – I’m with stupid.
POST 2: Conservatives now plan to scrap the scrapping of the 45p top rate of tax. It’s a big poltical u-turn only days after the UK PM publically defended the policy.
[1] https://www.businessblogshub.com/2012/09/the-man-who-destroyed-his-multi-million-dollar-company-in-10-seconds/
John Vincent 