The fall of the Tory party

Remember the spad that was sacked when Jeremy Hunt was caught,
when minister for DCMS, being biased in a Murdoch-era Sky investigation?
https://www.theguardian.com/politics/2022/oct/26/charity-founded-by-jeremy-hunt-patient-safety-watch-chief-executive-adam-smith

I see the North-London jibe as 2022’s ‘liberal elite’ with the Conservatives trying to maintain the red-wall-turned-blue-seats, angling the Tories as the party of the people and Labour as affluent chin-strokers out of touch with reality.

North East England recently overtook North London for highest levels of child poverty in the UK so maybe thats their angle for branding North London as elite.

What a bunch of cunts.

I’ve always taken the ‘North London’ thing as being thinly veiled antisemitism. Usually as it goes hand in hand with ‘globalist elite’ and other edgelord buzzwords.

Express reporting pmqs as a slam dunk for Sunak and and embarrassment for Starmer.

I've seen that mentioned before, I thought it was referring to the "Islington elite", those who vote Labour but happen to be rich enough to live in Islington, basically Corbyn. The North London thing being antisemitic could either be Stamford Hill way but I don't think the torys care enough about them to even insult them, or the St Johns Wood Jewish community, but they're in Westminster and all vote Tory anyway.

I always thought it was just a way to bash labour in the shires and in northern urban areas, basically a twofor.

I think it's meant to evoke this sort of thing

Ech, I'm the last person who could be in a position to criticise you for that.

Turns out it is actually crisp sandwich day. Would have been much better if that’s how he dated his letter.

Yeah, that’s why I’ve found it confusing as well. The St Johns wood north up to Golders Green set are as tory as they come. I used to love working for people round that way. Same for Stamford Hill - couldn’t work at a family home without being fed a huge sit down lunch every day.

Equating it with the Islington set makes sense as if you’re wealthy round those ends it’s probably cos you made your own money and respect where you came from which is the last thing the tories want to promote.

Hang on, didn't Sunak vote against a fracking ban last week?

Not really, the Tories (and Sunak) voted against a motion that would have allowed Labour to take control of the Parliamentary order paper for a day, under the guise of getting an opposition day debate/vote on Fracking.

https://www.theguardian.com/politics/2022/oct/18/tory-mps-mull-backing-labour-attempt-to-force-binding-fracking-vote

last week

lol

"Islington elite"

It ties into the champagne socialist thing, but with a bit more what people used to call political correctness.

As someone who lived there as a child, one of the first nativities I was taken to had two Santa's; one white female, one black male.

It's the idea that you're discredited from not being a cunt because you're not poor. How that logic works idk, I guess it's a reverse Surrey.

It's funny they do what they want. The rushed leadership coronation was because of the fiscal statement that will now be delayed anyway. Next leadership election will be two months again if it suits them because "we need a range of voices to be heard" or some other cobblers.

The rushed leadership coronation was because of the fiscal statement that will now be delayed anyway

I think it tells you how much global markets are driving the bus. Presumably Sunak & Hunt looked at the (relative) stability of the last few days and thought that the urgency to make a fiscal statement had dissipated.

Hopefully this means we will get something that has been properly scrutinised by the OBR etc.

Pushing the Financial Statement beyond the next Bank of England Monetary Policy committee meeting. Any rise in interest rates will be a further measure of the MRP, Moron Risk Premium, devised by the Financial Times to measure the efficacy of the Truss/Kwarteng experiment.

Not exactly, when the shit hits the fan people will generally revert to both surnames followed by “me cago en…”

Agree. I found it amazing Truss and Kwarteng bypassed the usual scrutiny, without apparently even consulting their own cabinet either on the 45p thing. Almost like they were encouraged to fail 🤔 >>>> conspiracy thread

Moron Risk Premium

The problem with markets is that they aren't ideological and they have short memories. The MRP (as measured by the Gilt-BTP spread) is now negative and within historical norms (as measured by the Gilt-Bund spread).

Hang on, didn't Sunak vote against a fracking ban last week?

That was a different government apparently.

Tell that the home owners who either had their mortgage offers withdrawn, or found the only options as fixed periods expired were significantly more expensive.

It's ALL NEW with Richy Greenback.

I think we are talking past each other. My point was that the MRP only appears to have existed for a short period of time and the lasting damage is thankfully limited (to the groups you mention).