"I once caused a currency crisis in my first week as Chancellor to test out my PhD thesis on the Great Recoinage of 1696." https://t.co/D6nGHiAOw6
The sacking of the permanent secretary at the Treasury Tom Scholar by @KwasiKwarteng
as his first act as chancellor is now a very real problem for the Chancellor, after the Bank of England has been forced to initiate an emergency markets operation to prevent the soaring...
If this was a Labour chancellor every national newspaper would be calling for his immediate RESIGNATION!
I make no apology for my rage
Truss’ Govt confirms they won’t raise benefits in line with inflation this autumn despite Sunak promising it when Chancellor
But if you’re rich, here’s some more cash
Do they not realise that’s the poorest of our citizens they’re targeting?
Is this some kind of Tory class war?
Is the Chancellor busy enjoying ‘Fizz with Liz’? Say something man!
Quick update from Treasury sources on chancellor and the economic plan. Told CX not resigning and there will be "no reversal of policy"
This is the last time Chancellor Kwasi Kwarteng was seen on camera.
The government has now completely lost control of the economy.
Where is he?
The IMF is sounding the alarm. The Bank of England is taking emergency measures. But the Chancellor is silent.
This is a crisis made in Downing Street.
Liz Truss must recall Parliament to explain how she plans to sort out the mess her government created.
🇩🇪 Germany's former chancellor, Angela Merkel, warned in Berlin that Vladimir Putin's words should be taken seriously. She added that not dismissing words as a bluff was "proof of political intelligence."
Rightly been criticism of Andrew Bailey. But it's pretty incredible that as this crisis is developing in real-time the only visible action is being taken by the BoE. The Prime Minister and the Chancellor have just disappeared.
With no mandate from the country the chancellor has crashed the economy to hand billions of pounds to the rich whilst threatening the poor & most vulnerable in our society with a cut to their benefits. The whole rotten lot need to go. We need a general election NOW https://t.co/Evz6WxgFxC
'Nothing has been seen of the Chancellor today.... These pictures of the Chancellor were provided by @hmtreasury
So, he was in meetings with folk who might actually achieve something rather than doing pointless photo-calls.
If the Bank of England has to act to prevent a 'material risk to UK financial stability' directly caused by a Chancellor, then that Chancellor should be gone by teatime.
The “Kwai Kwarteng is just too clever to be a good Chancellor” line that I’m hearing on #r4today right now is blowing my tiny mind.
If your central bank has to intervene to undo the damage of your budget, you should resign as Chancellor.
I’m not saying the PM and the Chancellor have gone missing, but I’ve just had this photo emailed to me from an estate agent friend in Panama https://t.co/8KvIIDg57x
Should there be a general election?
Liz Truss' government is contending with massive market turmoil after her Chancellor's tax-cutting mini-budget, meanwhile Labour have gained support in recent days.
Do you think the public should be sent to the polls early?
Lord Monsieur Prepuce 🕯🇬🇧🇮🇪🏴🇪🇺@MPrepuce
The Bank of England intervenes due to the incompetence of a mindless government, led by an utter numpty, who takes orders from a Russia-funded ERG, and whose chancellor is paid by hedge-fund managers.
And they are not in jail yet.
NOT MOVING ON!!!
“There was a clear effect from the Chancellor's statement on Friday. It has nothing to do with Keir Starmer at all."
Former No 10 Chief of Staff and @Conservatives
MP Lord @GavinBarwell
says the Chancellor’s statement clearly had an effect on the plummeting of the pound
Kamikaze economics. Its like the 2007/8 credit crunch, but this time the cause isn't subprime loans in the States, but our own Chancellor and Prime Minister! They'll be gone within weeks, if not, we're all stuffed.
I’m fully in favour of what the Chancellor’s done so far, I like what he’s done @ScotTories
The Scottish Tories need a clear out along with BBC Scotland. Total failure. https://t.co/4LCOv4WeRK
‘We’ve got a Labour party that think Kwasi Kwarteng isn’t black and that Eddie Izzard is a woman.’
react to Keir Starmer calling MP Rupa Huq racist over comments she made about the Chancellor.
The Pension funds crisis caused by the Conservative Party forced the The Bank of England to launch a £65bn bailout, because PM Liz Truss & Chancellor Kwazi Kwarteng refuse to u-turn on £45Bn of tax cuts.
Welcome to the 2022 Tory UK Financial Crisis
The University of the Philippines stands by its commitment to our people’s democratic rights and the rule of law. Personal threats and attacks against our judges and academic leaders are unacceptable in a free society.
Read more here: https://t.co/kWKioc8IDm
109 faculty members of @UPCollegeofLaw
ask the Supreme Court to hold Lorraine Badoy accountable for her statements against Judge Marlo Malagar and UPCebu Chancellor Leo Malagar and to issue rules for protection against similar cases in the future. https://t.co/XoBcJvx3CH
Gloabl K-drama festival #2022APANSTARAWARDS will be taking place tonight at 8 p.m. (KST) and @korea_odyssey
will be there ❣️❣️❣️
Mcs are #Yuri from #SNSD & #JungIlWoo
#KANGDANlEL #YUJU and #Chancellor will perform for special stages ❣️💗
Stay Tuned for inside photos 💗💗
Anti-Kwasi briefings begin? Trussonomics booster @gerardlyons
for failing to manage market expectations for #KamiKwasi budget.
“It was necessary for the chancellor to keep financial markets on-side, and I warned about the need for him to do this.”
Meanwhile many may lose their homes, jobs, pensions but as long as she and her chancellor have a plan (but not telling anyone what it is) that's fine ... BTW it's not acceptable ever to play games with people's lives
In September 2007 when @GordonBrown
was UK chancellor, £1 could buy more than $2.
Today it buys just $1.08