Updated: Boris resigns as party leader

[jfman]

Originally Posted by 1andrew1

Limbo-dancing.

The best thing for the Conservatives is to hand the whole economic mess over to the Opposition by calling a General Election. Nurture some talent, blame the economy on Starmer and storm back after four years for several successive terms.

Instead, the new Conservative PM will inherit a huge creaking economic mess and will face humiliation at the 2024 general election, gifting the Opposition multiple terms in power.

The Tories get to make hay when the sun shines in an economic mess. Rees-Mogg and his banker friends are always keeping an eye out for opportunities for supernormal profits that you don't really get with a stable economy.

https://uk.sports.yahoo.com/news/ree...135336248.html

These people know how to play the system, while stringing along gullible voters that we need to tighten our purse strings and erode the role and purpose of the state so their pals can charge you in a privatised industry.

[TheDaddy]

Originally Posted by jfman

The Tories get to make hay when the sun shines in an economic mess. Rees-Mogg and his banker friends are always keeping an eye out for opportunities for supernormal profits that you don't really get with a stable economy.

https://uk.sports.yahoo.com/news/ree...135336248.html

These people know how to play the system, while stringing along gullible voters that we need to tighten our purse strings and erode the role and purpose of the state so their pals can charge you in a privatised industry.

Getting people to vote against their best interests is the neatest con trick devised, how anyone that isn't a multi millionaire votes for them is beyond me, there's literally nothing in it for them

[1andrew1]

"intention is not necessary for a contempt [of Parliament] to be committed".

Partygate: Boris Johnson may face by-election if found to have misled MPs

The outgoing prime minister is facing a Parliamentary inquiry over what he told MPs about the events.

If it rules against him and he is suspended from the Commons for 10 days he could face a recall petition, Speaker Sir Lindsay Hoyle has said.

Mr Johnson would be able to stand in any resulting by-election.

He has promised to cooperate with the ongoing inquiry into his conduct.

Mr Johnson told the Commons in January that Covid "guidance was followed" and the rules had been "followed at all times".

But in April, he was fined by police for attending a birthday party in his honour in Downing Street during the first lockdown.

In May, he told MPs that, although his original statement had not been true, he had "believed it to be true" at the time.

Parliament's cross-party Privileges Committee of MPs is investigating whether the prime minister misled Parliament.

Sir Lindsay said that, if the committee found Mr Johnson had done so, and he was suspended from the Commons chamber for 10 sitting days or more - or 14 calendar days - this would trigger a "recall petition" in his constituency of Uxbridge and South Ruislip, in north-west London.

Under the rules, if 10% or more of eligible voters sign such a petition, a by-election must take place.

Mr Johnson would still be able to stand in the contest for a seat he won with a 7,210-vote majority at the 2019 general election.

Much of the previous discussion of Mr Johnson's remarks in the Commons over Partygate has focused on whether he deliberately, rather than accidentally, misled MPs.

But the committee has published advice from Eve Samson, the Commons's top expert on parliamentary privilege, suggesting that "in broad terms, intention is not necessary for a contempt [of Parliament] to be committed".

It also says its inquiry will continue despite Mr Johnson's resignation as prime minister over Partygate and other controversies.

The committee intends to call Mr Johnson to give oral evidence in public in the autumn, under oath.

https://www.bbc.co.uk/news/uk-politics-62252046

---------- Post added at 14:11 ---------- Previous post was at 13:50 ----------

Cummings: Johnson is supporting Truss as he thinks it's the best way to stop Sunak and there's a chance she'll mess up and there will be another leadership contest where he can make a return.
https://twitter.com/Dominic2306/stat...82798608785408

[ianch99]

We're screwed, Liz Truss it is then:



Apparently she will rebrand the UK as "Fantasy Island"

[Mr K]

Originally Posted by ianch99

We're screwed, Liz Truss it is then:

[img]Download Failed (1)[/img]

Apparently she will rebrand the UK as "Fantasy Island"

Don't think they're that impressed with the choices. 4 000 of them and have sent in a petition to get Boris on the ballot paper!
https://www.dailymail.co.uk/news/art...place-him.html

[1andrew1]

Originally Posted by Mr K

Don't think they're that impressed with the choices. 4 000 of them and have sent in a petition to get Boris on the ballot paper!
https://www.dailymail.co.uk/news/art...place-him.html

Can't see that working out based on the possibility (however low) of Johnson having to fight a by-election in the Autumn.

[Julian]

Originally Posted by 1andrew1

Can't see that working out based on the possibility (however low) of Johnson having to fight a by-election in the Autumn.

I suggest he won't bother.

[1andrew1]

Originally Posted by Julian

I suggest he won't bother.

Good call.

https://www.thetimes.co.uk/article/l...guru-pgv57p5jz

Interest rates will have to rise as high as 7 per cent to allow tax cuts, according to Liz Truss’s economic guru.

Professor Patrick Minford said that despite fears over mortgages higher interest rates were “a good thing” because they protected savings and killed off “zombie companies” that were holding the economy back…

…Minford cited EU limits on working hours, union powers and employee consultation rights as rules that Truss should scrap to boost growth, saying: “One of things Boris Johnson refused to touch was the labour market and that makes no sense at all.”

However, he said that, unlike in the 1980s, environmental and medical regulation were now the rules that needed to be relaxed after Brexit to boost growth. He wants to reverse the EU’s “highly risk averse approach” and shift to a system where instead of banning things in case they cause harm, people are compensated afterwards if they do.

I wonder if the 24% (2,640,000) of mortgage-holders with Variable Rate mortgages will think that 7% interest rates are a good thing?

Originally Posted by Hugh

I wonder if the 24% (2,640,000) of mortgage-holders with Variable Rate mortgages will think that 7% interest rates are a good thing?

Unlikely, but savers will - atm, the reverse is true.

Without proper regulation there will be a lot of predatory companies targeting vulnerable customers with dodgy financial products. One thing the Government doesn't get enough credit for - both Tory and Labour post '08 - is how terrified banks are at getting caught misselling and how much better-protected consumers are now. They operate on the basic principle that an ordinary person needs to understand the product without prior knowledge, not hiding dodgy stuff in the small print and blaming the customer for not reading/understanding it.

Anyone who advocates abolishing this kind of regulation by trying to pretend it's a Brexit Bonus is hiding their true intentions to screw you over.

[OLD BOY]

Originally Posted by Damien

Without proper regulation there will be a lot of predatory companies targeting vulnerable customers with dodgy financial products. One thing the Government doesn't get enough credit for - both Tory and Labour post '08 - is how terrified banks are at getting caught misselling and how much better-protected consumers are now. They operate on the basic principle that an ordinary person needs to understand the product without prior knowledge, not hiding dodgy stuff in the small print and blaming the customer for not reading/understanding it.

Anyone who advocates abolishing this kind of regulation by trying to pretend it's a Brexit Bonus is hiding their true intentions to screw you over.

Sensible regulation that educates people on what they are getting into is not the issue. The problem is the mindless bureaucracy that has people jumping through hoops for no good reason.

Originally Posted by OLD BOY

Sensible regulation that educates people on what they are getting into is not the issue. The problem is the mindless bureaucracy that has people jumping through hoops for no good reason.

Do you have an example in Financial Services of ‘mindless bureaucracy’, please?

[1andrew1]

Originally Posted by Hugh

Do you have an example in Financial Services of ‘mindless bureaucracy’, please?

Doesn't apppear so.

https://12ft.io/proxy?q=https://www....ter-next-year/

<shocked face> (not really)