Liz Truss BLASTS Labour after it's revealed BoE were primary cause of Autumn 2022 financial crisis
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- Опубликовано: 7 сен 2024
- ‘The Chancellor seems to want make no decisions about the economy! She wants to hand the power of fiscal policy to the OBR.'
Former PM, Liz Truss, blasts Labour's plans as the BoE admits it's own failings were responsible for the financial crisis in Autumn 2022. This comes after Rachel Reeves laid out new plans to help fix an alleged £20bn fiscal black hole left over from the Tories.
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The biggest mistake was putting the liberal Rishi Sunak into no.10
That was part of the coup
Partly why they were trounced .
but i guess he was needed to be installed to pass certain legislation for the guys running the BOE or at least the enemy that hides behind. nearly always is true.
They didn’t make a mistake. Here was out there to destroy and hand the country to Labour.
Even bigger mistake was David Cameron becoming pm.
She was set up and we all know it
I know I think it was a joint operation between NATO and AFCON to bring her down
I remember some financial expert on a video game called runescape, who is far-left and in America, total opposite to me and Liz, and he warned me exactly about what was happening. So I don't quite understand why her "party" weren't saying the same thing. All threw her under the bus.
Sadly only a few know she was shafted. But people will still say "Liz crashed the economy" 🙄
Cap X and others reported the real reasons, Truss was set up by the media for sure.
She crashed the economy, caused a run on the pound and added thousands to mortgage repayments that we are STILL paying off.
I agree we now live in a country where we are governed by a bureaucracy and not Democracy, time for a bonfire of the quangos 🙂
You're right the Tories had 66% of seats on 40% of the vote and ripped us off for £Billions ... that's not democracy
Unfortunately too little too late. These bureaucrats have more power than politicians at this point. We are now in a position where the politicians need permission from the bureaucrats in order to remove them! Which ofcourse won't happen.. Turkeys dont vote for Christmas after all.
Oh didn't the Conservatives promise us that way back under Cameron, along with bringing immigration down to the 10's of 1000's???
I think it’s much deeper than simply quangos
I remember working for a web studio in the early days of Blair. We dealt mainly with small start-ups and were partly funded by charities. In reality we were swamped with demands for websites and all the hardware and software required to maintain them by local (and not so local) quangos. The whole lot of them were basically the "do you know who I am" types, taking us for everything they could get, often taking more than the pittance they paid, while threatening to have our funding investigated if we complained.
I've despised them ever since.
So there we have it, despite all the comments accusing me of being a Liz loving Rs, I was correct. The BoE screwed over the pensions not Liz Truss.
Liz Truss screwed herself by screwing the economy and people's mortgages, and she got outdone by a lettuce
Bloody correct. I received some nasty comments ,mainly from leftie idiots, because I said she should have been given much more time as I still am convinced she would have made our economy very much stronger.
Well done Nobby
I think Liz would of been an excellent Prime Minster.
Yes you could see she was set up and they wanted her out asap. Just shows how easy it can be to get a PM out if they want to.
I'd suspected someone had shorted our currency just before that budget, but whenI found out the BoE had actually debased our currency I was livid.
So basically they overthrew a democratic government, whether you liked them or not, rather than letting the British Public make their decision, and also exasperated price rises by inflating our currency, which hammers the poorest.
That's borderline treason.
Their job isn't to pander to what the government wants, it's to ensure economic stability on the monetary side, hence why they became independent. Yes you can argue whether monetary policy should be taken back under democratic control but in my view they operated in the best way for the stability of the UK financial sector
Did you know that the bank of England is buying US treasuries
Nancy pelosi literally is involved with insider trading.
I know the BoE was backed by Kenya and Norway in overthrowing Liz
@@JackRed0001 we need to end all cental banks who are the real government wef policy is being implemented slowly so know one can notice it we are going to see a banking bust by design I urge you to read the great taking
Anybody who wasn’t stupid knew she was thrown under the bus!! Come on Liz, join Reform!!
I am not a financial wizard by any stretch of the imagination but what Liz and her policies tried to do seemed to make sense to me. Growth in the economy was the basic message. What is wrong with that.
She crashed the economy, caused a run on the pound and added thousands to mortgage repayments within 4 weeks of becoming pm, what are you taking about 😂😂
@@carysparkesYou need to watch the video again.
@@JACB006 why? I know the facts, she crashed the economy not rocket science!
@@JACB006she is lying ffs. Wake up.
@@kinggeoffrey3801 I think it’s you that needs to wake up, you know nothing of which you speak.
Liz got the blame but she would have been the best thing to happen to the country had she not been set up by the markets.
which is exactly why she was
🤣🤣🤣🤡🤡🤡
Love joke comments
"Set up by the markets" - Yeah we bankers all had a meeting where we all agreed to not make any money, but instead to pick on Liz Truss. 🤡🤡🤡
She was stitched up
Boris _and_ Liz were setup.
This is a long-term debt and deficit issue especially critical since 2007.
She stitched herself up ... what a clown !!!
By herself
@@carysparkesdid you watch the video? 🥴
@@kevxsi16v I did, just grovelling and blame shifting. Just a total and utter embarrassment.
Ms Truss may not be likeable, I get that, but sadly, much of what she says is accurate. People need to consider who they want running the country - an accountable, elected government, or unelected financial institutions and global financial corporations?
Truss is autistic, that's why she has issues grasping nuances and social ques etc. It's been noted by many people. But she was the best PM we never had.
Far too late for that, the bank of England has had the ultimate power for many decades now, the ponzi is getting harder and harder to sustain.
She crashed the economy and added thousands to mortgage repayments
Like she was elected by the people??? Like Rishi was elected by the people?? Errrrr….
@user-pp9yk3tu4z Remember, you don't vote for PM. It's the membership that does that
This is old news. Liz Truss was always the skapegoat.
Might be old news to some, but the majority still have no idea
And Rachel Reeves bragged about working at the BoE.... Enough said
I said it at the time, Truss was correct regarding her growth plan.
We were robbed of a half decent PM.
With hindsight, she was the Tories last hope, and they blew it by installing Sunak.
They deserve everything they're getting, and also deserve everything they will not be getting.
@@S-North it’s US who are the losers
Truss was perhaps not the kind of puppet needed by the ptb - Sunk was.
The Tories didn't want to diverge from EU rules and law.
So they set a financial time bomb to oust her and drop their globalist puppets Hunt and Sunak into power instead.
If you think that, I feel you may want to consult a therapist 😅
The leftist bureaucracy ie the civil service is the reason we never got the Brexit we all voted for. If you knew all this when you were in office then you should have fixed it.
She said by the time she got into a senior enough position to do anything about it it was too late.
The Brexit we voted for?we voted ‘out’, that’s it. We left. Anything else you thought it would be is in your imagination
Politicians should be able to sack the governor of the Bank of England.
They can.
Farage should have the power to sack and appoint any job
Who owns the bank of England and why do they have the right to create currency out of thin air, with no cost, and charge interest to the nation in perpetuity?
They are running the show through the BIS
@@jameswhyte5094BIS
Liz truss was ahead of her time.
Every single major economy is following what Japan are doing and going down the path of extremely low interest rates.
Truss though wanted to have short term pain with long term gain but people in the uk didn't want to sacrifice that.
Japan's currency is being printed into into oblivion
@johnnagle7702 if that's the case so will be canada and new zealand this time next year.
Maybe you should check the news from the last month..
@@Micfri300 Japan started quantitive easing much sooner than the rest of the world.Japan buys lots of the us debt because they are the us bitch.Believe me Japan creates more currency than any other developed country
Ahead of her time at crashing the economy?
"The people of the UK" didn't really understand what she was doing TBH, most of them are fking idiots - it was the volatile MARKETS that thought they were being stiched up who panicked and wiped the trillion pounds off the UK economy and pensions etc, with MSM screaming shrilly like a little girl it was economic armageddon, because THEY don't fking understand either.. The MONEY MEN - always follow the money.
Immigration has been a total disaster for England.
Money system > immigration
Get things in the right order. Without a debt based money system that required continual monetary expansion and hence GDP growth, we wouldn't be letting in half the world, willy-nilly, via inflation.
Most white working class British citizens tried to warn of this but we got labelled racist 🙄
What has Liz Truss ruining the economy got to do with immigrants?
The Conservative government of 14 years have been a disaster for England more like. The blame lies FULLY at their door and psycho Truss was there every step of the way
erm, not for businesses and corporations though
I feel so sick and angry!!!!
She tried to favour the people over the system, and the establishment punished her
Exactly
No she tried to make the rich richer. Nothing about the people
The only way to change things 🇬🇧Reform🇬🇧
Swamp in America.. blob in the UK.
The truth is coming out, so pleased you have been cleared. I think some people owe you an apology.
This is outrageous the way she has been treated.
Southport is on fire 🔥
Starmageddon has arrived earlier than I thought
Disgusting and disgraceful comment you would remove if you had a shred of decency. I doubt you will.
Kicking off in Stockport.
Yeah USA are providing air support
I'm on the East Coast right now and i'm 50/50 in my head driving west tonight. Already got a criminal record from half a decade ago in Luton for something similar. If it comes any nearer me i'll be off to prison. I'm just happy people are finally following suit.
@kennwan9917 can't you just leave the country and stop wasting my taxes on you being in prison please?
After the total insanity of Lockdowns I didn't trust the idea that Liz's little budget could have caused all that trouble. I believed they wanted to dump the outstanding problems on her because 'the unelected' wanted Sunak.
I voted for her over Rishi, and yet we ended up with Rishi.....despite her winning. 1st straw was when they ousted Boris, final straw when they ousted Liz. I knew that her budget was actually of sound workings... BoE should be pulled out and an actual government bank installed
I always thought that Liz Truss was right in what she was wanting to do…the question is wether the Bank of England was wilfully allowing this neglect hand in hand with Sunak and the dark suits behind the scenes
Tony Blair imposed his own disciples into permanent positions in government, but when the Tories came to power. They weren't smart enough to realize it until it was too late.
Lizz also said that we need more immigration. We bloody don’t that’s the last thing we need.
In her interview with the Lotus Eaters, she said that the OBR forced her into requiring more immigration otherwise their forecast model would assume GDP would reduce.
Quangos running the counrty into the ground. I despair.
First Margaret Thatcher was stitched up and then Liz Truss bulldozed out of her position!😒
Banks and big corporations run everything.
How do we get Change? Vote Reform.
and get 5 MP's, so what are you gonna change with that?
at the point reform will not do anything. only thing now would be is for the uk to defau;t on its debt, get a loan from the imf, and jack up base rates. this will cause borrowing costs to go up bankrupting zombie businesses that should have died long ago and the over indebted
@@william_marshal Well, you could keep voting for the same old same and get the same old same.
l agreed
Not a chance.
You dont have to be an accountant to know thst during covid encouraging people to stay awsy from work and giving them additional money for doing so for long periods was going to effect the economy!!
And not monitoring very closely where that money was going. Govt projects have a tolerance of financial 'variance' - e.g. they don't have enough civil servants to monitor large projects once launched and so it's open to abuse. They'd need double the number of staff whereas they're reducing numbers.
What a wonderful "fireside " type discussion between two very knowledgeable and able Politicians, let's have more please.
My belief is that these two, at least, have integrity.
You had 14 years, had a massive majority to do anything you wanted. Yet did nothing. Had a chance to lower the London mares powers, did nothing.
What a sensible and informative discussion. Well done Jacob.
Why isn't this all over the BBC, Sky etc
She was right
Unfortunately we have Labour government clowns
Worse to come
When the Tories came into power we had £600Billion debt. We know have £2.2 Trillion debt ... I wonder why? ... The Tories are not the party of Economics, they are thieves and criminals and are the real clowns !!!
How was she right 😂😂
@@carysparkes she was right
For me to get of Benifits
I been on Benifits for 18 years
Now the labour happy to give me more Benifits and
Winter fuel
I really want to work
But this is great
I was given a metal health card
And food bank card
Thanks for understanding
Street wise tal............
.
Liz Truss was taking us the way that we voted for, had she been allowed to continue we would be in a far better way now, the best PM we weren't allowed to have
When she was chosen by the Conservatives membership as leader, Cameron and co. panicked, it was the wrong result. They had planned for Sunak for a long time. Truss had to be discredited.
Liz for Reform ❤
To make them even more unelectable?
@@carysparkes Typical lefty loon response 🥱🫠
@@carysparkes 🥱
Hindsight is so wonderful, i agree with the GIRL
The BoE hasn’t been fit for purpose size the Canadian guy.
I called the bank of England out when the LDI calaps we need to abolish the bank of England and other central banks
i calkled mervyn king out in 2005 when he could not see an asset price bubble later resulting in 2008
She wasn't supposed to become PM, sunak was supposed to win first time so that he could put the final nail in the conservative coffin.
Reeves is a child, from a silly background of backroom economics and Truss is right in describing the infantilism of Reeves as expressed by the madness of her statements.
Reeves husband has an interesting background 🤔
@@stephenbrierley8122 mercifully I do not live in that country so my interest in the absurdity of it all doesn’t go that deep.
GET LABOUR OUT NOW
NOT FIT TO LEAD UK.
You off your head .😂
Maybe we ll see but we know Truss isn’t that’s for sure.
At the first comment ..
I noticed I can't directly reply @ Roatan lova 🤔
@@jackkruese4258 where was Sunak yesterday when Miss . Reeves gave her statement ? . Notable by his absence ...
Liz is right, of course. What a shame that most of the Conservative Parliamentary Party - what's left of it - has yet to see it. I thoroughly recommend watching Matt Goodwin and David Starkey on all this. The issues are laid out extremely clearly by both of them.
Its was a coup.
All of the changes put in place by Tony Blair and Gordon Brown need to be reversed to get our democracy back.
She was the sacrificial lamb, that diverted attention from that fool johnson who gets to walk away from the chaos he caused, That man wrecked our country !
They've all wrecked the country for the last 100 years, sold us out to the globalists, turned us into a socialist paradise, dependent on the central bank monetary teet
Oh DO F OFF ok? - He inherited a flocked up country, trying to fix a flocked Up brexit because theresa may was "negotiating" 100% in bad faith with the EU giving them EVERYTHING they demanded and got FLOCK ALL in return, and then the entire world turned to shit with covid - There isn't a political leader alive today who could have "fixed" all that without some MAJOR and VERY drastic changes to the UK, and none of you would have accepted that either - because you want the UK "fixed" but you won't accept what NEEDS TO HAPPEN TO FIX IT. EVERY CHOICE in front of Boris was a bad one, with some worse than others, so unless you've got a perfect track record of perfect choices in your life, (which no human in history has) I suggest you SHUT THE FLOCK UP with you judgemental Bullshot OK?
Every Tory PM has wrecked the country.
Oh Blair started it, and 'heir to Blair' (Cameron) continued, May tried to destroy Brexit, then came Johnson the 'green nutter'.
@@williamkennedy5492 What a load of tosh 😂
We have to ask why virtually no MPs knew about it even though the Treasurer of Next PLC wrote to Carney explaining the risk yet he was one of the main people blaming Truss without proper cross examination from "financial" journalists. It seems we do not have enough decent finance people as MPs (including Sunak) and do not have decent financial journalism. I knew that the continued reliance on low interest rates had to be causing a serious problem for pensions, but had no idea that pension fund managers would be that completely and utterly stupid and apparently able to look after each others backs. RIP Marks and Spencers pension fund and their employee bonuses.
"We need to be the party of change" no Liz, you need to be the party of Reform!
I wish she could have said this when it happened, but even now it should be the official policy of the Conservative Party
I hope she writes this in a book so that I can read it in depth.
Reeves doesnt want to make a decision.
It's a no brainer screw the weak and vulnerable . Scrooge said ,Let them die and decrease the population. Reeves definitely fits to a tee
The EU was running the country and when we left the dumb MPs didn’t have a clue what they were doing
She became leader of a party that was no longer conservative, I blame the selection of too many conservative MPs who basically lied about their political beliefs.
She really is Female Oppenheimer. Never give up, Liz. You're right.
Yes she blew up the ecconomy
The Gov of the BOE was useless at his last job and useless at this.
We'd be so much better off if we'd been allowed to keep Liz as PM.
People are uneducated and were crying, for no reason, they really didn't understand what she was doing. When I said this at my workplace people started to laugh.
The agenda said no.
@@joshuacarvalho5405 They were brainwashed.
Andrew Bailey was useless at the FCA, of which he was removed, then given the top job at the BOE.
this is the best explanation ever pubblished online!
Only the really stupid thought that the problems were caused exclusively by Truss’ proposals. The noise generated was politicking, plane and simple.
Jacob. “Is it because politicians (referring to Labour) have lost confidence in their own judgement??” He is unfortunatly being overly generous, they have no experience at all in running government and therefore the country and have no confidence.
Liz wasn’t given a chance to either succeed or fail built she was correct, as was Thatcher, put money into the pockets of the people and the economy will grow.
It is essential to keep money circulating, the only way for taxes to be earned and continually top up the Treasury coffers. For every £1.20 transaction, .20p is passed over to HMRC, multiply that one transaction by millions every minute and you will begin to understand the very basics.
The Bank of England was responsible for 2/3 of the interest rate calamity yet Liz took responsibility for 100%…speaks volumes, the BoE and OPR wanted her out of office and kept her in the dark.
Sadly she moved too quickly, accepted the “research” that was handed to her, best plan was to wait a while and do her own.
Labour are guilty of the same naivety, they have done no real research, not thinking of consequences and it will crash down around their heads and the voting public will pay for their errors…very heavily.
Like Liz's understanding of Macro/micro economics, you are the perfect accomplice to this bankrupting economic ideology. Truss is incompetence personified but is still superior to Rees-Mogg.
@@VincentPeters-vs2us It is therefore reasonable to assume the comment is based on tunnel vision Socialist understanding…of very little? Dangerous ground to read one sided reports for guidance, Thatcher read them all and was responsible for turning the country around after draining the inherited debt swamp. Like all things and all politicians, they lose direction and control. Some people will say, somewhat cynically, politicians are only human.
Time again will tell, let’s sit back and wait for the Socialist ideology to fail yet again, let the current knee jerk decisions continue as we watch the tears of laughter drip into our over priced coffee.
We have a new conservative style government in power with zero experience in decision making, confirmed by their announcements to date. Simplicity itself to sit on the benches opposite and gripe, now the shoe’s on the other foot, let the circus begin….the clowns are already in the ring.
If the old aphorism about war being too important to be left to Generals then surely the last 2 decades have proven that countries are too important to be left to bureaucrats
I Like Liz..she talks sense..excellent interview.
😂😂
They were determined to oust Liz as she was chosen by the members & not the globalists. I remember how she was treated by the MSM calling her 'the lettuce' constantly. I stopped watching the past GBN presenter on the 9pm slot who bashed her every night - he now owes Liz an apology.
She is clinically insane.
Thank you both.
This needed spelling out.
Well Said.
HEAR HEAR.
It’s true! The BoE panicked the markets by intervening with a buy back scheme that wasn’t taken up!
I left the rotten place a long time ago, since these degenerate realities have been active in Britain for a VERY much longer period than 10 years.
Best thing I ever did, just regret not leaving much much earlier on it is hell on earth there.
One massive set of interlocking and self supporting lies.
@@terencefield3204 so you’re a coward and a traitor then
She tried to make huge changes with short term harm, but longer term we would have lower taxes and smaller government.
We gave it 40 days to work!
Roosevelt's response to the Great Depression initially increased debt massively. It takes years to see the true impact of change.
She said she would do it, she did it and the Tory Party caved.
Well said Liz Truss…measured analysis - this shows just how poor Sunak and hunt actually were and now just how bad Reeves is and will be
I kept saying that she would have been a good Prime minister, she was on the right path and it would have made the UK strong. But people are too uneducated, to realise what she was actually doing.
The politicians are afraid to make any meaningful decisions.
Straight from the horses mouth - nothing has changed. It makes no difference which side of the uniparty you vote for…
get rid of the bureaucrats
Liz join Reform and get our country back.
She alright is old lizzzz
Rest in peace .Never Forget.
We need to get rid of the bank of England bring our finances back to the treasury
How do we get change? Vote Reform!
Blair did these things and the Cons over many years with big majorities didn't reverse them.
your blaming the right rat
Blair’s changes made years ago need to be reversed. Decisions need to be made much faster in order to react to changing circumstances.
It seems she should have never sacked her chancellor and should of ridden through the BOE bad decisions and called their bluff
The Conservative MPs would not support her. They wanted Sunak & Hunt, and look where that has ended for them and us.
The problem Liz Truss had was she was not there to defraud tax payers, unlike her successor.
Reeves talks like a robot
Most likely she programed
The future is
Benifits...... For life........
Liz talks like she's an alien
@@carysparkes liz the lizard
Ha ha
Unfortunately this want happens when we have no choice with government
Ps
If you want a nice time in England
Take a trip to France
Sell your watch
Jump on the boat cross the channel
Picked up half way English channel
Take you to a hotel
Then relax
Free board
Free medical
Free free dentist
Free travel local
Visa jobs
Council list
Benifits for life
Haha ha
Have to see the funny side
The Bank of England, is English in name only. It is answerable to the City of London Bankers. Managed by Bankers for Bankers. The city of London is answerable only to itself and is not part of England. If the Bankers come in conflict with the law of UK. The Government changes the law and no one goes to jail.
Truss is the best PM of the past 30 years for coming out fighting and pointing the finger at the anti-British culprits.
Tragic that the Conservatives didn' have the guts to take tough decisions and take control back from bureaucrats. Too late Liz!!!
the politicians should not complain about public servants......they can change any laws they want and can even defund whole departments as well.
problem with the tories is they are too scared to upset anybody and are content to just be in politics for the $ and an easy life.
There’s a small group of individuals that have designed the system to be disjointed and broken….. which is in their interests.. and not in the interests of the people…..🤬
This woman should have been given a chance to run Britain, not the idiotic Sunak.
The reason the BofE slipped this report out quietly as their own pension fund was stacked full of LDIs.
Reminds me of that classic TV series Yes Minister & then Yes Prime Minister
Said at the time that she was stitched up by the BoE who wanted Sunak in.
Liz Truss was the one PM who actually did something that helped working people instead of oligarchs and rent seekers with the tax cuts.
Our friends with the little hats!