Showing:
◈ Kwasi Kwarteng×
Former PM’s disastrous tax-cutting plan piled an extra £91m on the UK’s payments to the bloc, Treasury documents show.
Sterling's drop at the time of former British Prime Minister Liz Truss's failed budget plans meant the British taxpayer stumped up tens of millions of pounds extra to fund Brexit divorce bill payments to the European Union, paid in euros, new figures show.
Dominic Raab's resignation means four out of the five Brexit fanatics behind 'Britannia Unchained' are gone. Next year, voters can finish the job
21/04/2023
Dominic Raab’s departure takes us closer to a wipe-out of five right-wing “brains” who authored a tract published in 2012 under the title “Britannia Unchained”.
The Brexit cult that blew up Britain
21/10/2022
For a small band of libertarians, Liz Truss’ resignation is the final act in an 11-year project to remake Britain.
The economic costs of Brexit were masked by the Covid-19 pandemic and the crisis in Ukraine. Now the effects have become clear.
Disastrous mini-budget has seen Britain become gag line on the international stage.
Is the Brexit ideology running out of road?
16/10/2022
Many Conservative party members will be wondering where they go from here. / There is talk of damage limitation and trying to save as many seats as possible in the next election.
Conservatism is an enduring and honourable political creed that has been debased and discredited by incompetent extremists.
Less than two weeks after her government plunged the markets into crisis with a disastrous budget, Prime Minister Liz Truss used her closing speech at the Conservative Party conference to blame the meltdown on a nebulous anti-growth coalition.
Liz Truss becoming Prime Minister is the end of what little hope remained that the Northern Ireland Protocol Bill would be scrapped.
Experts from the Institute for Fiscal Studies, the Resolution Foundation and others agreed Kwasi Kwarteng’s unfunded tax cuts played a role.
With its economy in tatters, England is not having its finest hour. It is a time of transition for the United Kingdom... /
The pound’s latest collapse is a symptom, but Britain’s decline has been going on for years
30/09/2022
The spectacular collapse of the pound against the US dollar has shattered the illusion that Britain is entitled in perpetuity to special status among the world elite.
Bruno Le Maire is the French opposite number to chancellor Kwasi Kwarteng.
PM and chancellor say they will not publish projections until late November despite them being ready next week.
A weaker than expected recovery from the coronavirus pandemic has left the UK as the only G7 country with a smaller economy than in early 2020, according to official figures likely to further undermine the government’s tax-cutting measures.
Bank of England criticism is unfair – Brexit has made it near impossible to avoid this financial crisis
29/09/2022
There is only one real way to properly calm the markets – the Prime Minister and the Chancellor need to reverse the unfunded tax cuts they announced.
"Investors have got the message. Britain is not the bet it once was." / The Bank of England was forced to step in yesterday to prevent mass insolvencies of pension funds.
Truss can’t hide from the crisis she created
28/09/2022
Rejecting expertise and skill in favour of loyalty was always going to lead to this.
What is Kwasi Kwarteng really up to? One answer: this is a reckless gamble to shrink the state
27/09/2022
In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity.
Brexiteer MP overheard talking about markets on night of 2016 referendum vote. / Chancellor Kwasi Kwarteng reportedly said “who cares if Sterling crashes” in the immediate aftermath of the Brexit referendum result in 2016.
Death Throes Of Brexit Disaster: Liz Truss And Kwasi Kwarteng Declare Class War On British People
27/09/2022
Six years into the Brexit disaster, the malevolent anti-democratic forces who did so much to facilitate the success of the vote to leave the EU in June 2016 are finally where they always wanted to be: running the government...
"I am very fearful for Britain on the path that it is travelling." / Former US Treasury Secretary Larry Summers says Brexit and Liz Truss’s extreme tax cutting is turning the UK into a “submerging market”.
Brussels has warned Britain not to break their post-Brexit trade deal by slashing regulation in its new drive for economic growth.