Politics Gen XYZ

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A Financial Times journalist has been widely praised after she said what we were all thinking about Jacob Rees-Mogg.

Jacob Rees- Mogg’s assertion that the Bank of England is to blame for the current market upheaval has been derided as “bollocks” by a financial expert.

Following the mini-budget, the Business Secretary attempted to shift the blame away from Liz Truss and Chancellor Kwasi Kwarteng. Gillian Tett, chair of the Financial Times board in the US, slammed him for his attempt.

The Conservative MP asserted that the unrest sprang from the central bank’s failure to boost interest rates to match those in the United States.

Tett was asked to provide “her judgement” on Rees-Mogg’s assertion that the fiscal statement from two weeks ago had nothing to do with the market decline...

by Channel 4 host Krishnan Guru-Murthy.


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Prime Minister Liz Truss and Jeremy Hunt will hold talks at Chequers today as the government tries to salvage its economic credibility.

Mr Hunt, who has replaced Kwasi Kwarteng as chancellor, said in a statement that his focus was on growth "underpinned by stability".

He warned of possible tax rises and savings in public spending, saying the mini-budget went "too far, too fast".

But some Conservatives are unhappy amid disquiet over Ms Truss's leadership.

In a series of interviews on Saturday, the prime minister's new right-hand man signalled he would slow down Ms Truss's tax-cutting agenda and reverse some of the pledges made by Mr Kwarteng, who was sacked on Friday.

Dumb & dumber




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"Australia reverses Trump-era recognition of West Jerusalem as capital of Israel"



The Australian government has reversed a decision by its predecessor to recognize West Jerusalem as the capital of Israel, prompting a rebuke from the Israeli government.

Australian Foreign Minister Penny Wong reaffirmed Canberra’s “previous and long-standing position” on Israel in a briefing on Tuesday, emphasizing the new Labor government’s unwavering support both for Israel and the Palestinian people.


“Australia is committed to a two-state solution in which Israel and a future Palestinian state coexist, in peace and security, within internationally recognized borders,” Wong said. “We will not support an approach that undermines this prospect.”


The previous government, led by former Coalition Prime Minister Scott Morrison, recognized West Jerusalem as the Israeli capital in 2018, following an announcement made by former US President Donald Trump.




Don't Cry for Me Mr Demeanour...


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