this post was submitted on 22 Feb 2024
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Neoliberal

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Former Conservative PM, whose tenure lasted 50 days, tells CPAC she fell victim to UK’s ‘establishment … its bureaucrats and lawyers’

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[–] [email protected] 7 points 10 months ago* (last edited 10 months ago)

What a loon.

Reminder:

  • far from 'thwarting' her plans, the UK's economic establishment wasn't even consulted on them (the OBR);

  • causing the gilt (UK government bond) market to crash when the scale of her unhinged and unfunded fiscal loosening was announced;

  • causing UK pension schemes that were overweight gilts to almost default;

  • causing another part of the UK's economic establishment (the Bank of England) to have to come in and clean up her mess;

  • causing her own party to seize control of economic governance from her to prevent her doing more harm before they eventually got rid of her.