The Conversation (0)
Harry Fletcher
Sep 29, 2022
Shadow chancellor says she's 'very concerned' by fall of pound following mini-budget
Sky News
Well, it’s not taken her long, but reports are suggesting that Liz Truss is already facing letters of no confidence from Tory MPs.
It comes over fears that Truss and Chancellor Kwasi Kwarteng will “crash the economy” following the mini-budget announcement on Friday.
Tory MPs, economists and members of the opposition alike have criticised the Prime Minister borrowing-fuelled tax-cutting plans, which led to a disastrous day for the pound and also saw Labour take its biggest poll lead over Tories for more than 20 years.
Top economists, currency markets, opposition parties and some Tory MPs have reacted with dismay to the prime minister and chancellor Kwasi Kwarteng’s borrowing-fuelled tax cut spree.
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With the PM facing a huge backlash just a few weeks into the job, and the future of the economy looking uncertain, people have had an awful lot to say online.
These are the funniest memes about Truss’s torrid few days.
\u201cLiz Truss playing with the economy\u201d— James Felton (@James Felton) 1664263478
\u201cLiz Truss after crashing the economy 3 weeks into the job\u201d— Louis Staples (@Louis Staples) 1664206951
\u201c. @trussliz hold ur nerve babe u got this \ud83e\udd17\ud83d\udcabxoxo\u201d— Joe Lycett (@Joe Lycett) 1664192747
\u201cLiz Truss checking the value of the pound tomorrow morning\u201d— SHANE REACTION (@SHANE REACTION) 1664209909
\u201cLiz Truss can't say she wasn't warned that her plan was a fairy tale. \n\nRishi Sunak(former Chancellor) - "We have to be honest. Borrowing your way out of inflation isn't a plan - it's a fairy tale."\u201d— Haggis_UK \ud83c\uddec\ud83c\udde7 \ud83c\uddea\ud83c\uddfa (@Haggis_UK \ud83c\uddec\ud83c\udde7 \ud83c\uddea\ud83c\uddfa) 1664185095
\u201cLiz Truss watching the \u00a3\u201d— Phantom Power (@Phantom Power) 1664219409
\u201cBREAKING: US singer 50 Cent announces that he now wishes to be known in the UK as 1 Pound.\u201d— Beau (@Beau) 1664174494
\u201cBe rude not to share this classic on a day like today ... \n\nThe Day Today - Pound Stolen\u201d— Ben Lucas (@Ben Lucas) 1664197530
\u201cForget the dollar, the pound is tanking against the ruble:\u201d— Larry the Cat (@Larry the Cat) 1664188395
\u201cMPs are already putting letters in about Liz Truss. I said she'd be gone by Christmas and at this rate she won't see Halloween.\u201d— Sooz Kempner (@Sooz Kempner) 1664182821
\u201cI told you I'd hit the ground from day one. I forgot to mention that the pound would too. \n#PoundSterling\u201d— Parody Prime Minister (@Parody Prime Minister) 1664173704
\u201cCan't believe there's only 17 more Tory Prime Ministers till Christmas\u201d— joe heenan (@joe heenan) 1664193844
\u201ca brief history of the pound\u201d— James Felton (@James Felton) 1664181562
It comes after one senior Tory backbencher told The Independent that combination of the “disastrous” mini-Budget and plummeting pound had “substantially reduced” the Tory party’s chances of winning the next election.
“It’s been deeply damaging to our reputation on the economy – but that’s what happens when you have ideologues running the show. They’re like tea party Republicans or right-wing Corbynistas,” said the MP.
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