like the queen this thread will never die: in which we ALL resign (ourselves to disgusting miseries to post-boris politics 2022)

of course in the real world even environmentalists can't bring themselves to reject "growth" /despair

just not killing any sparrows though!

of course we can't simply import revolutionary tactics from another time and place, our four pests will necessarily be different

How bad is it for Truss? Mortgages rates going up hasn't even been given a mention in this piece.

https://www.theguardian.com/commentisfree/2022/oct/10/liz-truss-loyalty-conservative-leader-endgame

Lol

This is so funny to me - yeah let's do this, also with Canada - if it's offered under same terms as EU FOM with mutual recognition of say education, just watch emigration rise 👍👍👍👍 https://t.co/js8Ouk4ZZ1

— the gang reads Mike Davis (@lmartods) October 10, 2022

Exclusive:

Liz Truss is shelving Michael Gove's plans to end no-fault evictions, which were due to be introduced in this Parliamentary session

The Times has been told that they are not considered a priority & could be killed off entirely, despite being a manifesto commitment

— Steven Swinford (@Steven_Swinford) October 10, 2022

what are no-fault evictions? is just that like booting tenants out just cos?

So, there has to be a (de)fault before an eviction can be actioned?

And LT is ending the ending of this?

Wow she really wants to avoid being liked by anybody!

I think I dropped a would have instead of has.

Actually, nm.

xxp I'm fairly sure that's the case, yes

New: further spike in economic inactivity, up 0.6% to 21.7% of working-age population, more than 9m people, driven by record high number of long-term sick. Despite this unemployment down to 3.5% on the quarter, lowest since 1974. Worryingly employment & vacancies both falling

— Paul Kelso (@pkelso) October 11, 2022

Words you don’t ideally want to see in the same sentence from the Bank of England: “Dysfunction in this market, and the prospect of self-reinforcing ‘fire sale’ dynamics, pose a material risk to UK financial stability.” https://t.co/8fO5C7vAs2

— George Parker (@GeorgeWParker) October 11, 2022

Sounds like this is as much about getting back at Gove.

NEW: I understand plans to shelve no-fault eviction ban isn’t the only housing legislation the Truss govt is considering pulling (as per @Steven_Swinford)

Govt also reviewing whether to continue with the Social Housing bill, key @michaelgove reforms announced in Queen’s Speech.

— Daniel Hewitt (@DanielHewittITV) October 11, 2022

I suspect going to war with Gove is not a good idea given how pally he is with journalists.

gove is absolutely the preferred murdoch candidate and has been for a long time

(his quitting politics is a feint, for various reasons including simply letting his rivals hamstring one another)

He didn't quit, Boris sacked him!

yeah i meant the stories in august when he was supposed to be quitting parliament altogether (boris already quit as PM in july)

but i see gove's rowed them all back since so the feint only actually lasted the necessary three weeks or whatever lol

this is no portillo long game (still on-going)

Sam Tarry deselected. Anyone know anything?

Nothing much beyond shrugs that this 'leftie' couldn't muster the support as membership is down, so battles like this are going to be lost.

The person who beat him has certain allegations made, which might blow up one day, but the right don't care.

He is Mr Angela Rayner, which is a bit awkward.

She couldn't save him lol.

Tarry will get some bollocks policy job at a union. He'll be fine.

he'd tried to play both sides so i don't think either feel too strongly

also fuck Labour obv

The person who beat him has certain allegations made, which might blow up one day, but the right don't care.

If it's the same allegations, they were made just before the 2019 selections, and investigated and cleared afterwards. Or possibly 'investigated' and 'cleared', but they left him with a stitch-up story.

my understanding is he wasn't cleared but the charges were dropped for lack of evidence, and other behaviours were simply not investigated

5.10am vs 5.41am pic.twitter.com/K0xLhPL4ZB

— Sam Coates Sky (@SamCoatesSky) October 12, 2022

Rees-Mogg going into denial and attacking the BBC.

"Hold on. You suggest something is causal which is a speculation. What has caused the effect in pension funds, because of some quite high-risk but low probability investment strategies, is not necessarily the mini-budget. It could just as easily be the fact that the day before the Bank of England did not raise interest rates as much as the Federal Reserve did, and I think jumping to conclusions about causality is not meeting the BBC’s requirement for impartiality. It is a commentary rather than a factual question."

Zarah got easily re-selected.

🚨BREAKING: left-wing MP @ZarahSultana has been *re-selected* as a Labour Party candidate.

6 out of 6 wards, and 100% of affiliates, voted for her. Across all wards, the total CLP votes cast were:

✅ Re-select MP ~ 204 votes (88.3%)
❌ Hold open selection ~ 27 votes (11.7%) pic.twitter.com/hvObBXSy13

— Stats for Lefties (@LeftieStats) October 11, 2022

IOW, fuck Lee Harpin.

And now… Bank of England has reiterated that its emergency bond-buying programme will end on Friday, as planned, dashing hopes of an extension. pic.twitter.com/IQtdpGBtjN

— Pippa Crerar (@PippaCrerar) October 12, 2022

PM says no fault evictions will, after all, be banned.

— Lewis Goodall (@lewis_goodall) October 12, 2022

Ed Conway continues to kill it on Twitter. This is a better explanation of what's going on in financial markets than anything else I've read:

- Markets are frantic
- Govt u-turning on everything
- @theIFS warns its fiscal plans don’t add up
- The @bankofengland governor is dropping bombs
- Jacob Rees-Mogg says the current market chaos has nothing to do with the mini-budget
WHAT ON EARTH IS GOING ON
Where to begin?
🧵

— Ed Conway (@EdConwaySky) October 12, 2022

V good detailed thread.

For Friday this is the key takeaway.

The immediate questions now are about what the @bankofengland does next.
I wouldn’t be at all surprised if they introduced a new scheme to minimise chaos. Unlikely to be branded as an extension of the current facility, but perhaps a continuation in all but name.

— Ed Conway (@EdConwaySky) October 12, 2022

George Osborne must be very proud of the achievements of Conservative government https://t.co/hLAQjzcYjJ

— Metatone (@Metatone2) October 12, 2022

regret to inform that king charles iii is good again

For the first time surely?

credit to Truss where it is deserved, her PMQ highlights and just about every public appearance she makes is never lacking in entertainment value. As long as you don't think too much about how fucked we are!

I note that they are still persisting with The Anti-Growth Coalition. They are utterly hopeless.

Except she is the one opposing solar power expansion on farmland? None of it makes any sense!

The one good thing about the mini-budget (which I think Nick B posted upthread) is that wind power would get an increase, so yeah all over the place.

I heard on the radio this morning that the chat from the backbenchers is of a Rishi/Mordaunt *dream team* being installed for a salvage job, without consulting the membership this time. There will surely be some reforms to their leadership election rules after this clusterfuck.

Truss wouldn't have made the final 2 without backbench support so they might want to have a think about that

given the way their leadership electoral system works it's really rich trying to blame the members

there might be a bit of selective amnesia amongst some of them

i'm sure there's a lot of real amnesia when you're allowed to get pished at work every day

The way they ran the round of elections nearly guarantees that there isn't a majority of MPs directly expressing support - the final round of MP votes was Sunak 137 Truss 113 Mordaunt 105 so yeah I guess you can say 1st and 3rd would have a majority?

And there's no shortage of Truss-supporting MPs loudly bewailing their choice.

Can't see Truss being let go until after the May local elections.

Rishi/Morduant also relies on both of them being up for the job. A recession and a crisis in Mortgages is pretty certain at this stage I think.

If Boris pushes through his resignation honours and forces 8 by-elections before May then it might change it - but what happens if / when bank support ends tomorrow will probably be more important.

Mordaunt's face as Truss ballsed up PMQs yesterday was a picture.

Don't think the Bank will let markets be markets tomorrow.