Quote:
Originally Posted by Damien
If they do a total reversal then that also destroys their credibility. Truss spent the entire campaign promising tax cuts without big spending cuts and using borrowing instead and called Sunak a doom monger for saying this would spike interest rates and borrowing costs.
It's the right thing to do but how can Truss continue after that?
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Fundamentally they don’t have any credibility, with the markets or the electorate, left to lose. “We”re right but willing to pause, listen and make our case over a longer term” is the only card left to play.