Mini-budget was 'serious mistake' - former Tory Chancellor Lord Clarke says

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  • เผยแพร่เมื่อ 29 เม.ย. 2024
  • Lord Clarke, Chancellor under Sir John Major, said the past week shows Liz Truss's government have had a "catastrophic start".
    He told Sky News the mini-budget was a "serious mistake" and he had never seen a fiscal event cause a financial crash so quickly.
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ความคิดเห็น • 1.1K

  • @johnfaulkner6776
    @johnfaulkner6776 ปีที่แล้ว +504

    It wasn't a budget it was a special financial operation.

    • @geniejack9709
      @geniejack9709 ปีที่แล้ว +12

      For the WEF

    • @theoutsider6191
      @theoutsider6191 ปีที่แล้ว +1

      While I don't go for conspiracy theories, it is interesting that Kwasi Kwarteng's old boss at a major London Hedge fund is making an absolute killing out of the crashing pound sterling rates.... almost like he saw it coming.

    • @sararichardson737
      @sararichardson737 ปีที่แล้ว +3

      Well put!

    • @virupakshawalla5734
      @virupakshawalla5734 ปีที่แล้ว

      Putin agrees as long as she stops calling his invasion an invasion

    • @jobell7356
      @jobell7356 ปีที่แล้ว +3

      the nukes come later......

  • @grahamturner1290
    @grahamturner1290 ปีที่แล้ว +442

    It wasn't a mistake. She said exactly what she was going to do during the leadership debates and the mad dogs of the Tory party cheered her on.

    • @martinwfarrell
      @martinwfarrell ปีที่แล้ว +44

      100% correct. Tory membership voted foe this policy.

    • @smellslikethinice1107
      @smellslikethinice1107 ปีที่แล้ว +17

      Correct.

    • @krruns4165
      @krruns4165 ปีที่แล้ว +12

      2 things -
      1. The tax cuts were larger than expected and
      2. The tax cuts were uncosted and with no detail on supply side reform...
      So the markets said sorry no good. So most Tory's are aghast at the level of incompetence

    • @brynleytalbot778
      @brynleytalbot778 ปีที่แล้ว

      @@krruns4165 Carrot and stick tax cuts. The Chancellor ‘warned’ that cuts imposed a moral duty to pay taxes rather than avoid them. I think it’s a warning that he’s going to attack the burdensome tax codes to eliminate tax dodging by ‘legal’ means. It’s calling bluff on major tax dodgers who have major business in the UK that they’ll not pull out. If it works and he does, in time, eliminate tax dodging, then the public will love him and the PM. Every gamble of this magnitude will shake the markets but the pound is up by a few cents already. The energy tactic applies to everyone whereas mortgage rates only apply to those who have them and, within reason, they can either extend the term or reduce their lifestyles to meet higher payments. The equity leveraging is over.

    • @cubismo85
      @cubismo85 ปีที่แล้ว +18

      Thatcherism doesnt work in todays situation, Liz wants to try and be Thatcher 2.0

  • @MrRokkit
    @MrRokkit ปีที่แล้ว +52

    Kwasi is the wrong scapegoat. Liz talked and talked about these unfunded tax cuts throughout her campaign. This is all her.

    • @stephenhill545
      @stephenhill545 ปีที่แล้ว +6

      He supported Truss.

    • @virupakshawalla5734
      @virupakshawalla5734 ปีที่แล้ว +7

      It's a gang of four.. Britannia Unchained is now Britannia unhinged

    • @annaholley8913
      @annaholley8913 ปีที่แล้ว +5

      She surrounded herself with yes men.😡😡😡😡

    • @Starwarrior9831
      @Starwarrior9831 ปีที่แล้ว +3

      She has intended to fund all these goodies by selling huge amount of bonds in the market. Players in the bond market fled quickly to avert a coming collapse of the bond market. Milton Friedman's iconic saying is right "There is no such thing as a free lunch".

    • @livelife5947
      @livelife5947 ปีที่แล้ว +2

      They’re both muppets.

  • @julezpanda14
    @julezpanda14 ปีที่แล้ว +56

    I'm afraid the public are way past any point of forgiveness!!

    • @pelvicthrustful
      @pelvicthrustful ปีที่แล้ว +3

      I'm beginning to think 'the public' have forgotten how to work and are evolving into a nation of victims.

    • @andrewmorton395
      @andrewmorton395 ปีที่แล้ว

      We need a revelation

  • @geniejack9709
    @geniejack9709 ปีที่แล้ว +285

    This is not a mistake - it is a crime.

    • @alfonsohorcajada4399
      @alfonsohorcajada4399 ปีที่แล้ว +5

      Agreed and they should pay for it. Starting by doing the right thing and resigning!

    • @annaholley8913
      @annaholley8913 ปีที่แล้ว +3

      Well said🤗👍

    • @pen2199
      @pen2199 ปีที่แล้ว +3

      Riots ahead

    • @Thirdfish
      @Thirdfish ปีที่แล้ว +4

      Don't forget that Truss knows all about working class poverty when she lived in her middle class house in Leeds.

    • @VictoryRRR
      @VictoryRRR ปีที่แล้ว

      @Kermit Idiothunter it's like watching a circus

  • @plerpplerp5599
    @plerpplerp5599 ปีที่แล้ว +62

    "We have to be honest. Borrowing your way out of inflation isn't a plan - it's a fairytale."
    Rishi Sunak

    • @donone352
      @donone352 ปีที่แล้ว

      They elected a corporate shell as PM and we all know it. And the media are trying to justify it

  • @derekedgley5074
    @derekedgley5074 ปีที่แล้ว +313

    Lord Clarke couldn’t have summed it up more succinctly. Voted Tory most of my life and we can be assured of one thing going forward, this lot won’t be around in two years time. From the time of Boris onwards, unimaginable harm has been done to our country

    • @johnrussell3961
      @johnrussell3961 ปีที่แล้ว +16

      The currency markets where tolerant up to 2016. Everybody was suffering from 2008. Everybody was borrowing to buy up toxic debt , and boost recovery.
      Everything since has been UK only. Borrowing to limit the damage of Brexit.
      The mini budget was the final straw.
      Borrowing to fund tax cuts that won’t be payed back via taxable growth.

    • @tomhannigan2234
      @tomhannigan2234 ปีที่แล้ว +32

      What about Cameron? Austerity was also a terrible idea and the US diverged strategies and have been increasingly ahead of us ever since.

    • @videowatchr5565
      @videowatchr5565 ปีที่แล้ว

      She is going to ruin the country for her own greed. This must border on criminal.

    • @LorraineTapper
      @LorraineTapper ปีที่แล้ว +40

      Never voted Tory and Never will. The harm being done to the country is part of a long list.

    • @BatsAndBadgers
      @BatsAndBadgers ปีที่แล้ว

      please stop voting for them , they dont have an ideology that works in 2022

  • @pip1723
    @pip1723 ปีที่แล้ว +78

    Gambling with people's pensions unforgivable.

    • @annaholley8913
      @annaholley8913 ปีที่แล้ว +6

      Definitely unforgivable.😡😡😡😡

    • @amcc5887
      @amcc5887 ปีที่แล้ว +6

      And mortages,

    • @VictoryRRR
      @VictoryRRR ปีที่แล้ว +4

      And lives.

    • @kevinwestermann1001
      @kevinwestermann1001 ปีที่แล้ว

      Gambling with that is forgivable. Allowing that, however, is not.

  • @mattwho81
    @mattwho81 ปีที่แล้ว +133

    I was a Tory voter all the way up till 2018... now I will vote for any party I think can get them out.

    • @quintuscrinis8032
      @quintuscrinis8032 ปีที่แล้ว +9

      Same here. Think I have to hope that my constituency can pull off something similar to what happened a few months ago in Tiverton and Honiton though.

    • @2112jonr
      @2112jonr ปีที่แล้ว +9

      Me too. Until Truss, Rees Mogg and their fellow incompetents are wiped off the political map, I will never vote Tory again.

    • @jazzycattruthkitten4101
      @jazzycattruthkitten4101 ปีที่แล้ว +10

      And Labour to the rescue yeah ? Labour and Tory ,two cheeks of the same arse as far as I’m concerned.

    • @jimbo6693
      @jimbo6693 ปีที่แล้ว

      Yes let's all vote for the Labour "communist lockdown" Party with its white hating MPs. What's not to like. 👍

    • @quintuscrinis8032
      @quintuscrinis8032 ปีที่แล้ว +4

      @@jazzycattruthkitten4101 no not Labour, at least not for me. Tiverton and Honiton suggested that the Lib Dems could do well at shifting this government out of office though?

  • @willrobertsmith
    @willrobertsmith ปีที่แล้ว +119

    An old school Tory from back when they gave a fig about the national interest.
    Very different party these days.

    • @wonkygustav4457
      @wonkygustav4457 ปีที่แล้ว +5

      When was that?????

    • @wonkygustav4457
      @wonkygustav4457 ปีที่แล้ว +4

      @Guus Thijssen living in the past doesn’t move us forward though, that generation has almost died out and their values with them.

    • @garycroft4960
      @garycroft4960 ปีที่แล้ว +4

      They've never been interested in the public none of them .

    • @terryloftus8626
      @terryloftus8626 ปีที่แล้ว +2

      Don't forget he had the ambulance people out on strike.He was pretty awful,but . . looks a genius compared with Bonnie and Clyde

    • @waylander1978
      @waylander1978 ปีที่แล้ว +3

      He was one of last of the 'one nation' Tories who actually cared about the wellbeing of the county as a whole.

  • @aidanjohnkelly
    @aidanjohnkelly ปีที่แล้ว +184

    The thing is, she's still on the radio defending it and telling us there's more to come - she must be just trolling us at this stage, surely?

    • @thesaw9988
      @thesaw9988 ปีที่แล้ว

      Europe: give me back my money. Why should I pay for your?

    • @chobblegobbler2536
      @chobblegobbler2536 ปีที่แล้ว +4

      The comms dep sent out a memo saying, “DO NOtHINg BUT MENTION THE “ENERGY CAP”

    • @DeadlySpecies
      @DeadlySpecies ปีที่แล้ว +3

      She is trussing us up

    • @julezpanda14
      @julezpanda14 ปีที่แล้ว

      Nope there's more tax cuts to come apparently!!

    • @brynleytalbot778
      @brynleytalbot778 ปีที่แล้ว

      The Chancellor hinted at reforming the tax codes if business and personal morals didn’t see that paying a fair share was responsible. Is that what’s to come? A long overdue overhaul of the tax system to simplify it removing the loopholes accountants and lawyers exploit for their corporate clients. If so the public will applaud such a move.

  • @sg3215
    @sg3215 ปีที่แล้ว +160

    Shame that Boris kicked out half of the sensible Tories in 2019 (Clarke, Soames, Lidlington, Hammond, Gauke, Stewart, Grieve etc). If he didn't do that we wouldn't be in this mess right now, Truss wouldn't be in power - Boris would have been pushed out a year ago and Rishi would have faced the member vote when he was still popular, and even if Truss was still in she wouldn't be getting away with this as the party would be much more centre leaning

    • @soup8786
      @soup8786 ปีที่แล้ว

      Yeah we would all of this is 50 years of mostly tory rule. They have ran us into the ground, none of them are real conservatives. On top of that conservative ideology is not worth a packet of crisps in the market place of ideas. Gerrymandering and control of the media have kept them in power over the years.

    • @4f4o4u4r4
      @4f4o4u4r4 ปีที่แล้ว +1

      No one sensible would support him

    • @resistancefighter9009
      @resistancefighter9009 ปีที่แล้ว

      Clarke is a die hard na zy.

    • @sg3215
      @sg3215 ปีที่แล้ว +7

      @@thetruth9210 he was called spreadsheet Phil for a reason. Safe pair of hands.

    • @Esta-Beed
      @Esta-Beed ปีที่แล้ว

      The only shame is the Tory part

  • @joeyofficer
    @joeyofficer ปีที่แล้ว +97

    Rishi Sunak said right from the beginning that Liz Truss fiscal approach would be a disaster. The majority of Tories voted for Truss and are now as much to blame as the Chancellor and Prime Minister for this mess. This government can not go on.

    • @doonthepan1290
      @doonthepan1290 ปีที่แล้ว

      TORY VOTERS ARE TO BLAME.

    • @awtistiaeth4699
      @awtistiaeth4699 ปีที่แล้ว +11

      Oh yes it can and it will. We'll be a mess for years as a result of it for sure, but it will "go on"

    • @valerierutherford84
      @valerierutherford84 ปีที่แล้ว

      @@awtistiaeth4699 There is a a petition out that had now passed it's mark for a debate on an early general election..most PMs replacing another would not long after call one themselves to get the peoples' mandate (Theresa May did, Boris did)..because it is the DEMOCRATIC thing to do. The Tories are now 30 points behind in the polls-Truss knows full well it would be a disaster . But if she believes her fiscal plan will truly turn things around- she should have no fear in calling one by the new year at the lastest (which am sure she won't.) Just a shame it is the "honourable" thing to do politically , rather than a legal obligation.

    • @ianphillips6871
      @ianphillips6871 ปีที่แล้ว +4

      Tories have lossed my vote at the next election ,come back Boris, he wasn't this bad

    • @andyh444
      @andyh444 ปีที่แล้ว +9

      @@ianphillips6871 Boris Johnson is every bit as bad. Just he had the skill to hide it better from the voters.

  • @CJ70-
    @CJ70- ปีที่แล้ว +86

    The quality of our politicians is appalling

    • @stevewilliams2691
      @stevewilliams2691 ปีที่แล้ว +5

      Tory politicians

    • @propjoe1060
      @propjoe1060 ปีที่แล้ว

      Bring back Ken.

    • @jonathangammond3019
      @jonathangammond3019 ปีที่แล้ว

      But why is the calibre of MPs so low? Or rather why does the cream of MPs seem so thin compared to the past.

    • @freddibna2366
      @freddibna2366 ปีที่แล้ว

      No quality at all, just corruption and greed.And most of them appear to be like that.

  • @michaelstapelberg7751
    @michaelstapelberg7751 ปีที่แล้ว +160

    let face it the "TORIES" is a noun we use to describe a collective of self serving con artists

    • @SH66667
      @SH66667 ปีที่แล้ว +2

      Politicians havent a clue, nobody should be allowed to run the country who hasnt got years of business success under there belts.

    • @tommyshock494
      @tommyshock494 ปีที่แล้ว +4

      @stuart Harris
      Like Donald Trump

    • @tomtheeagle1
      @tomtheeagle1 ปีที่แล้ว +9

      It is actually a 17th century Irish term of abuse meaning robber or outlaw. Just saying!

    • @Youalleatmuffins
      @Youalleatmuffins ปีที่แล้ว

      Amen

    • @sg3215
      @sg3215 ปีที่แล้ว +1

      @@SH66667 hmmm one particular Tory candidate comes to mind (Rishi in Truss out)

  • @briers9
    @briers9 ปีที่แล้ว +58

    His insults and criticisms were absolute brilliance, delivered so eloquently. He's spot on, plus, a man with so many busts on his mantlepiece should in theory be trusted.

    • @PuffKitty
      @PuffKitty ปีที่แล้ว +7

      He should at least pay out a few shekels to have the collar turned on his shirt

    • @drparnassus2867
      @drparnassus2867 ปีที่แล้ว

      Robert Walpole, Lord Salisbury... couldn't identify the third guy

    • @immers2410
      @immers2410 ปีที่แล้ว +2

      @@drparnassus2867 Lionel Richie

    • @drparnassus2867
      @drparnassus2867 ปีที่แล้ว +1

      @@immers2410 Iggy Pop? Dr Octagon? One of the Macc Lads?

    • @TheTruthSeeker756
      @TheTruthSeeker756 ปีที่แล้ว

      "with so many busts" LOL

  • @SuperNkta
    @SuperNkta ปีที่แล้ว +24

    A mistake is something that is undone unintentionally. This was done with plenty of deliberation and intent.

    • @str.77
      @str.77 ปีที่แล้ว

      No, a mistake is something that is wrong.

  • @mark.e.p
    @mark.e.p ปีที่แล้ว +12

    Retired politicians are always wiser when not in government.

    • @johnthompson16
      @johnthompson16 ปีที่แล้ว

      Yes, logical really. They did it already & there is nothing new under the sun.

  • @johnrussell3961
    @johnrussell3961 ปีที่แล้ว +119

    We are a globalised economy who told global markets to get stuffed. What did they think would happen?
    We are replicating Zimbabwe.

    • @julianshepherd2038
      @julianshepherd2038 ปีที่แล้ว +12

      The people doing it have worked in the markets so their incompetence is the more baffling

    • @johnrussell3961
      @johnrussell3961 ปีที่แล้ว

      @@julianshepherd2038 . It’s clear that too many Tory MP’s will do anything to get into the cabinet.
      Including setting aside everything they know and have learnt,

    • @FirewindII
      @FirewindII ปีที่แล้ว +4

      "We are replicating Britain..." under Thatcher. [Fixed.]

    • @peterlangbridge4628
      @peterlangbridge4628 ปีที่แล้ว

      @@thetruth9210 But not necessarily doing worse by sabotaging their own economies.

    • @annaholley8913
      @annaholley8913 ปีที่แล้ว

      Exactly.🤗👍

  • @williamfence566
    @williamfence566 ปีที่แล้ว +8

    My leftie sister used to work for ken clarke back in the day . She once said for a tory he was alright . Praise indeed.

    • @drparnassus2867
      @drparnassus2867 ปีที่แล้ว

      @@thetruth9210 A moderate Tory. In the old days they weren't *all* barking mad.

  • @gabrieleea2789
    @gabrieleea2789 ปีที่แล้ว +29

    "Minimal budget" or not...those wealthy rich and the Monarchy will not be affected,anyway. My heart ❤ goes out to the poorest of the poor 💔 😢 and amongst the common folks 😢 💔

    • @gabrieleea2789
      @gabrieleea2789 ปีที่แล้ว +1

      What's that about? I'm not interested with What's going on in Indonesia when the main video is about What's happening in the UK

  • @davidmcintyre998
    @davidmcintyre998 ปีที่แล้ว +66

    I found my daughter in tears over her mortgage and frankly have had enough of mistakes,crisis and Conservatives even the Westminster Government,the King must dissolve Parliament and force a General Election as being run by a PM elected by the Con party and not the nation is just wrong

    • @splinterbyrd
      @splinterbyrd ปีที่แล้ว

      I think it's inevitable that there will be some adverse consequences of the pandemic, no matter who the government.
      Plus, I'm not sure how much the Ukraine war is affecting us, but I bet causing economic destabilisation for the West is part of Putin's intention
      But I agree, the mortgages and cost of living crisis must be addressed.

    • @user-oj4xp2lh4d
      @user-oj4xp2lh4d ปีที่แล้ว +3

      By just 0.2% of the population

    • @uingaeoc3905
      @uingaeoc3905 ปีที่แล้ว +1

      80££0X.

    • @mx-5miata658
      @mx-5miata658 ปีที่แล้ว

      Is your daughter pretty? I'd like to comfort her in her hour of need. What her mobile number?

    • @str.77
      @str.77 ปีที่แล้ว

      No PM is ever elected at all, least of all by "the people".

  • @lwalker8785
    @lwalker8785 ปีที่แล้ว +8

    Mrs. Thatcher was successful in large part because she surrounded herself with competent people. None more so than Kenneth Clarke. The end came for Thatcher when she stopped listening to them.

    • @tgmartin
      @tgmartin ปีที่แล้ว +1

      That's a fair assessment. She didn't surround herself with people who were just her cheerleaders, unlike Johnson and Truss. She surrounded herself with people who could actually challenge her.

    • @tgmartin
      @tgmartin ปีที่แล้ว

      @@thetruth9210 Poll Tax didn't exactly help either.

    • @lwalker8785
      @lwalker8785 ปีที่แล้ว

      @@thetruth9210 The Conservatives couldn't have won an election with a Poll Tax policy. MPs acted in self-interest as they always do.

  • @LordJasonKing
    @LordJasonKing ปีที่แล้ว +3

    Lord Clarke is the only one I have ever had respect for over the years. I decent guy with common sense.

  • @nicennice
    @nicennice ปีที่แล้ว +49

    Things are worse than we thought Ken Clarke is literally losing his shirt as we speak.

    • @drparnassus2867
      @drparnassus2867 ปีที่แล้ว +7

      That collar has sure seen better days.

    • @philipcohen3942
      @philipcohen3942 ปีที่แล้ว +5

      Times are hard!

    • @nautilusshell4969
      @nautilusshell4969 ปีที่แล้ว +8

      I'm sure that if his wife were still alive she wouldn't have let him appear like that. A fine man, nonetheless.

    • @albertliu1068
      @albertliu1068 ปีที่แล้ว +3

      @@nautilusshell4969 i wish him a long life - a good & decent man

    • @cosmicmusicreynolds3266
      @cosmicmusicreynolds3266 ปีที่แล้ว

      he s a senior tory who set agenda for greed in the 1980s

  • @robertbones326
    @robertbones326 ปีที่แล้ว +32

    This makes me very angry. Rishi Sunak should have become PM. He warned about this and within a few weeks he was proven right. We can lower taxes later when we're in a better position. I don't understand why Tory members who voted for Liz Truss have such poor judgement. My confidence was in Rishi Sunak and I'm seeing more and more evidence I was right.

    • @StratsRUs
      @StratsRUs ปีที่แล้ว +11

      They'll be replaying Rishi's words over and over now.

    • @peakyblunder
      @peakyblunder ปีที่แล้ว +10

      I'm still saying it about Brexit but it doesn't change the result .

    • @JohnDoe-tq7kk
      @JohnDoe-tq7kk ปีที่แล้ว

      Rishi signed off on furlough and walked us into this inflationary cost of living crisis, johnson told zelensky to cancel the peace treaty creating the energy crisis and he supports continuing that like Truss too, the country is being deliberately deconstructed by both sides, Rishi is literally a stooge of the WEF

    • @SajjadKhan-cl3yf
      @SajjadKhan-cl3yf ปีที่แล้ว +5

      Rishi sunuk had a green card his wife using non Dom status for tax

    • @pandapalace9003
      @pandapalace9003 ปีที่แล้ว +7

      @@SajjadKhan-cl3yf And boasted about diverting funding from poor Labour controlled councils to rich Tory constituences. However, he wouldn't have done what Truss and Co did.

  • @acmdv
    @acmdv ปีที่แล้ว +8

    I kept mishearing and thought he was saying "Crazy Kwarteng"😁

  • @iielysiumx5811
    @iielysiumx5811 ปีที่แล้ว +30

    It’s been catastrophic politically, and economically it’s been a disaster so far

  • @johnnicolson467
    @johnnicolson467 ปีที่แล้ว +5

    I used to think Boris Jonson was the biggest clown in politics but Liz truss makes him look like a genus. Its time for Scotland to leave this sinking ship.

  • @davidflavin
    @davidflavin ปีที่แล้ว +35

    12 weeks of Conservative naval gazing chose Liz Truss over Rishi. It was logical that Rishi was correct in the debates.

    • @annaholley8913
      @annaholley8913 ปีที่แล้ว +4

      True.🤗👍

    • @BionicRasta
      @BionicRasta ปีที่แล้ว +5

      From the rightwing commentors i read on facebook Sunak is a backstabber & a WEF puppet. So Truss was the least worst option but they would prefer to bring back Boris.

    • @davidflavin
      @davidflavin ปีที่แล้ว

      @@BionicRasta easy labels thrown at an inconvenient truth. Those right wing commentators have a lot to answer for.

  • @robbiethepict2783
    @robbiethepict2783 ปีที่แล้ว +72

    Oh an actual Tory such a rare sight these days.

    • @martinmanifold2241
      @martinmanifold2241 ปีที่แล้ว

      No witch hunts to be had and your getting bored ....your disgusting

    • @cptnstylez
      @cptnstylez ปีที่แล้ว +2

      @@martinmanifold2241 yer ma

    • @ATHLDN
      @ATHLDN ปีที่แล้ว +2

      An actual Tory? As in Margate Thatcher's gvt?

    • @christopherdurant1188
      @christopherdurant1188 ปีที่แล้ว

      I know a Tory, Clarke's no Tory.

  • @lousmaczylo7281
    @lousmaczylo7281 ปีที่แล้ว +36

    I'm just so angry at what they have done. People will die this winter of cold or lack of food and they have opened the trough to greed. They say it will have the trickle down effect. I'm 62 and I know that only excrement trickles down. I've worked for 40 years now I'm ready to join the great unwashed and riot.

    • @annaholley8913
      @annaholley8913 ปีที่แล้ว +4

      I share your frustration.😡😡😡😡😡😡

    • @richardhowlett4097
      @richardhowlett4097 ปีที่แล้ว

      Liz Trussless hates the idea of working people earning a living wage, that's why she wanted to cut civil servants salaries in the country outside London. We need to stop her from her intent on going further with stupid tax cuts.

    • @jillybe1873
      @jillybe1873 ปีที่แล้ว +3

      I do not want my gran to die of cold for Ukraine, Truss!

  • @tayl1r
    @tayl1r ปีที่แล้ว +22

    I've got a joke about trickle down economics but most people won't get it.

  • @roterfuchs8201
    @roterfuchs8201 ปีที่แล้ว +64

    I hope Lord Clarke is going to be ok this winter, let us all pray for him.

    • @user-wl9gw7xe2q
      @user-wl9gw7xe2q ปีที่แล้ว +16

      If it gets any worse, he might have to sell the Aristotle bust on his mantlepiece!

    • @ap3460
      @ap3460 ปีที่แล้ว +6

      @@user-wl9gw7xe2q he could throw some of that fiat currency on the fire! He's got plenty of it😁

    • @robinmcarthur3287
      @robinmcarthur3287 ปีที่แล้ว +10

      Praying never did anyone any good.....ever!

    • @Lee69111
      @Lee69111 ปีที่แล้ว +8

      yeah, hes down to last 2 million

    • @julianshepherd2038
      @julianshepherd2038 ปีที่แล้ว +3

      I will be praying for the poor and sick that his party will be and have been, letting die every winter so they can save tax.
      Greed.

  • @crispyduck1706
    @crispyduck1706 ปีที่แล้ว +3

    Liz Truss implemented exactly what she said she would do in her leadership campaign - everyone acting surprised is a bit of a doughnut

  • @DavidJohnson-dc8lu
    @DavidJohnson-dc8lu ปีที่แล้ว +4

    Poorly timed, Only 2 days after the FOMC raised rates by 0.75% with a further projection of 1.35% was a mega clash for Investors of bond buyers.

  • @Mackeson3
    @Mackeson3 ปีที่แล้ว +29

    This is something I will NEVER forget. Labour had recently won the general election, Gordon Brown was about to present his first ever budget (The previous chancellor had been Kenneth Clarke) They were interviewing Denis Healey, himself a one time chancellor but later virtually retired from politics on TV about Mr. Brown's first budget and he was asked if he would like 'Gordon Brown's job' and Denis replied (Wait for it) "Oh Gordon hasn't much to do really, maybe tidy up a few loose ends, Ken Clarke has left the economy in a good state!" I heard with my very own ears a one time Labour politician singing the praises of a Conservative chancellor. Had they both been active in politics they would have been shouting at each other across the floor of the house of commons!

    • @techtech7803
      @techtech7803 ปีที่แล้ว +8

      @@thetruth9210 nope, the gold sell off stopped a financial crisis type event

    • @ffrederickskitty214
      @ffrederickskitty214 ปีที่แล้ว +1

      @@techtech7803, yes, a self-induced crisis caused by Brown and Blair’s borrowing

    • @techtech7803
      @techtech7803 ปีที่แล้ว +8

      @@ffrederickskitty214 no. A crisis caused by American banks speculating. Not the financial crisis, which was also caused by the yanks, incidentally

    • @ffrederickskitty214
      @ffrederickskitty214 ปีที่แล้ว +2

      @@techtech7803 The gold was sold off well before the 2008 financial crisis, as were Brown’s pension raids. Brown announced the sale first, causing the gold price to tank befor he sold it. An idiotic decision.

    • @techtech7803
      @techtech7803 ปีที่แล้ว +2

      @@ffrederickskitty214 it had nothing to do with ‘08. It was a different crisis

  • @dmccarthy3594
    @dmccarthy3594 ปีที่แล้ว +6

    In contrast to the self-assured, ignorant and incompetent interview from Chris Philp who regurgitated the Troy script, what refreshing sense, spoken by Lord Clarke.

  • @mohamedsheik4589
    @mohamedsheik4589 ปีที่แล้ว +12

    Truss is by far the biggest mistake the tories have made!

    • @FirewindII
      @FirewindII ปีที่แล้ว +3

      Funny how she made it to the top. No one else in her party really wanted it?

  • @thinkerz8tipitina784
    @thinkerz8tipitina784 ปีที่แล้ว +19

    Lord Clarke is always a voice of reason!

    • @janetmalcolm6191
      @janetmalcolm6191 ปีที่แล้ว

      Old politicians may not always have been right as seen over the years especially on policy sometimes...but they knew how to behave in Parliament....and didn't show this country up.
      Also had this country in mind not their own bank balance.....running the country is not like being in a soap opera....like we've had recently.

  • @AI-xs4fp
    @AI-xs4fp ปีที่แล้ว +8

    And people thought Boris was bad...

    • @lorenzobianchini4415
      @lorenzobianchini4415 ปีที่แล้ว

      Tories are all bad and that Kenneth Clarke likes Kwasi Kwarteng says it all.Truss needs to go and take Kwarteng with her.Call a general election now!!!

    • @awtistiaeth4699
      @awtistiaeth4699 ปีที่แล้ว +3

      he was/is

  • @splinterbyrd
    @splinterbyrd ปีที่แล้ว +26

    Ken Clarke was always chirpy and happy looking. I've never seen him looking so broken. One of the better prime ministers we never had.

    • @mark.e.p
      @mark.e.p ปีที่แล้ว +1

      He's obviously worried about losing his big fat state pension! 🙄

    • @splinterbyrd
      @splinterbyrd ปีที่แล้ว +4

      @@mark.e.p I doubt his MP's pension is affected, nor are any of his other investments $$$

    • @FHIPrincePeter
      @FHIPrincePeter ปีที่แล้ว

      @@splinterbyrd Looks like he lost his shirt on one of them! But seriously he was a good egg as Chancellor, bumped into him once at the IoD.

    • @splinterbyrd
      @splinterbyrd ปีที่แล้ว

      @@FHIPrincePeter IoD?

  • @vincentdevitt7685
    @vincentdevitt7685 ปีที่แล้ว +11

    Truss went out the front door leaving the the back door open for the banks !

    • @888ssss
      @888ssss ปีที่แล้ว +1

      its been open since 2003 buddy.

  • @johnrider3749
    @johnrider3749 ปีที่แล้ว +4

    They've had twelve years too get it right and have failed to do so,

  • @Pikestnt
    @Pikestnt ปีที่แล้ว +48

    I was transfixed by how threadbare his shirt collar was. Presumably an expensive shirt when new, which is now worn, but still worn. Good on him

    • @grahamnicholson2481
      @grahamnicholson2481 ปีที่แล้ว +7

      threadbare.......like the Tory politics being foisted us on us since 2008, how much more damage could these people do to Britain whilst feathering their nests in the Cayman Islands

    • @jcsrst
      @jcsrst ปีที่แล้ว +14

      Older generation, still remember WW2. We'd all be better off if we kept items this long...

    • @cptnstylez
      @cptnstylez ปีที่แล้ว +3

      I remember when they lost the election he was chancellor and was moving out himself round the back of Downing St with a hire van.

    • @nmarks
      @nmarks ปีที่แล้ว +2

      Shirt collar crisis.

    • @bubb5225
      @bubb5225 ปีที่แล้ว +4

      What about his old beat-up chair and tacky-looking lamp?……Must be very rich, I thought.

  • @frontseated5983
    @frontseated5983 ปีที่แล้ว +30

    Would Lord Kwarteng now reconsider his resignation ?

  • @stevelam5898
    @stevelam5898 ปีที่แล้ว +24

    A sensible Tory. A rare and vanishing species.

    • @AllThingsCubey
      @AllThingsCubey ปีที่แล้ว

      "Sticking it to the left" has become more important to the British right wing, and the idiots they elect, than the good of the country. Nothing else can explain Brexit, Boris, and Liz, in sequence. At this stage, if the left decided that vegan thing was overblown, and they wanted a hamburger, Liz Truss would outlaw meat.

  • @sararichardson737
    @sararichardson737 ปีที่แล้ว +18

    I do so miss the old school politicians. Dominic Grieve included.

    • @JC-hu1wd
      @JC-hu1wd ปีที่แล้ว +1

      Agree with the first bit Sarah...:)

    • @grahamebrushett6642
      @grahamebrushett6642 ปีที่แล้ว

      LOL Grieve the man's a traitor clueless people wow

  • @stevegandalf4739
    @stevegandalf4739 ปีที่แล้ว +6

    By the time Kwasi got to Eton, the dope people smoked was probably considerably stronger than when Thatcher arrived in Downing Street in '79.

  • @dean8282
    @dean8282 ปีที่แล้ว +10

    Lord Ken Clarke the voice of wisdom helped flog off all our services and left us in this mess....

  • @connormcleod9595
    @connormcleod9595 ปีที่แล้ว +8

    Well rishi was right after all. 😂🤣😂

  • @robertcreighton4635
    @robertcreighton4635 ปีที่แล้ว +3

    It makes me think they are rearranging deckchairs on the titanic

  • @liveitlarge68
    @liveitlarge68 ปีที่แล้ว +4

    Didn’t Lord Clarke push for us to join the ERM and the EURO!!! 🤔

    • @Irishtradchannel
      @Irishtradchannel ปีที่แล้ว +2

      He did but the reaction from markets and investors to the mini budget show that they also think that Truss is an economic illiterate.

    • @liveitlarge68
      @liveitlarge68 ปีที่แล้ว +2

      @@Irishtradchannel Erm I think the reaction to the markets when we fell out of the ERM was bigger!

  • @TheLegenDacster
    @TheLegenDacster ปีที่แล้ว +15

    We've seen the complete "Changing of the Guard" process, whereby the current politicians are happily exchanging rewards from lobbyists for immense, mutual financial favours, unabashed and unrepentant.

  • @bingbong6467
    @bingbong6467 ปีที่แล้ว +2

    We all have a duty to be competent, and part of that is taking on all the available information and then coming to the right decision

  • @TheSecurdisc
    @TheSecurdisc ปีที่แล้ว +2

    If this chap is against it we know it was a good idea !

  • @kevinbernard9791
    @kevinbernard9791 ปีที่แล้ว +10

    I knew whoever got the job it wouldn't be any better than Boris but I didn't expect it this bad with truss and kwasi ..its just really pathetically bad 👎

    • @Land-of-reason
      @Land-of-reason ปีที่แล้ว

      th-cam.com/video/RRM2w6YpNic/w-d-xo.html

  • @christopher554
    @christopher554 ปีที่แล้ว +3

    Pensioners and people unite and kick them out at the next election

  • @vincentblack7467
    @vincentblack7467 ปีที่แล้ว +96

    I wish today's politicians were like the latter ones, like Lord Clarke.

    • @julianshepherd2038
      @julianshepherd2038 ปีที่แล้ว +7

      Retired

    • @dazblack1273
      @dazblack1273 ปีที่แล้ว +10

      Lord Clark and the rest made this problem it was cooking slowly and now we got to clean up thier mess they made.

    • @edwardwilcox6606
      @edwardwilcox6606 ปีที่แล้ว +7

      @@julianshepherd2038 Yes, wish he`d taken much earlier retirement!

    • @evolassunglasses4673
      @evolassunglasses4673 ปีที่แล้ว

      He's a dreadful open borders Globalist.

    • @howler6490
      @howler6490 ปีที่แล้ว

      Listen to him...no real criticism of the Quasi method, no alternatives offered.
      No acceptance that its been 12 years a-brewing and we are approaching the "final solution" , time to loot whats left and then hand over to the grown-ups for repair, for rebuilding.
      All the while, the lower classes will be dropping lower still...unless of course they decide enough is enough and take to the streets.
      To strive to take back some semblance of self-respect and dignity.

  • @amjidali588
    @amjidali588 ปีที่แล้ว +10

    I remember when ministers we're telling us not to ask for pay rises then they went and gave their mates more money, ffs

  • @bieberfan6300
    @bieberfan6300 ปีที่แล้ว +6

    Truss is gaslighting us all

  • @S-I-T
    @S-I-T ปีที่แล้ว +8

    "Re-elected in 2 years time". Heaven forbid.

  • @JamesJansson
    @JamesJansson ปีที่แล้ว +6

    I love his optimism over the party he used to help manage. They keep making mistakes, surely they would be responsible, listen to the voices he ignored before and do the right thing? Nope the Tories are off the rails!

    • @annaholley8913
      @annaholley8913 ปีที่แล้ว

      They lost the plot, I think.😡😡😡😡

  • @public.public
    @public.public ปีที่แล้ว +9

    kicking the intelligent conservatives out of the party was the biggest mistake.
    No wonder so many other intelligent ones left in disgust.

  • @raymondelf7520
    @raymondelf7520 ปีที่แล้ว +11

    Three words that put the willies up the English Independent Government, Change of Government Completely, New Government

    • @joshmuldoon6560
      @joshmuldoon6560 ปีที่แล้ว

      That’s 4 words

    • @raymondelf7520
      @raymondelf7520 ปีที่แล้ว

      @@joshmuldoon6560 thanks for the point out I have change it but makes no different lol

    • @howler6490
      @howler6490 ปีที่แล้ว

      Independant government???
      In your dreams my Elvish friend...
      How independant can it be when the VAST MAJORITY of its "home funds" are "DONATIONS".
      DONATIONS solely designed to give the DONOR a chance to influence governmental decisions.
      I have suggested for a while now that in political party talk, the word DONOR must be replaced with INVESTOR.
      This in turn would turn DONATION
      Into INVESTMENT.
      SURELY A MORE ACCURATE USAGE OF LANGUAGE .

  • @ianoliver7271
    @ianoliver7271 ปีที่แล้ว +4

    Under Liz Truss, this could be the worst Tory Government ever!!

  • @mikeyoung8293
    @mikeyoung8293 ปีที่แล้ว +1

    He needs to tell madam truss this because she thinks it's all going great

  • @khanhnguyen-tt3ff
    @khanhnguyen-tt3ff ปีที่แล้ว +14

    If the UK people still vote for Tory after this they deserve what to come

  • @rajbirkar432
    @rajbirkar432 ปีที่แล้ว +4

    Rishi Sunak was right

  • @happytimeforall6059
    @happytimeforall6059 ปีที่แล้ว +16

    Kwasi - learn from this. UK taxpayers - pay for the lesson

  • @andrewmckay2118
    @andrewmckay2118 ปีที่แล้ว +1

    Its a right Balls up is quasi from Zimbabwe by any chance

  • @johannesnicolaas
    @johannesnicolaas ปีที่แล้ว +7

    It took Boris two years to destroy his changes, but Liz seems intend to improve on this record. Will she be here next year?

  • @watchfan6180
    @watchfan6180 ปีที่แล้ว +32

    Thank god I fixed my interest rate just in time. The government will potentially take us back to the disastrous late eighties and early ninety’s buckle up and watch the ride

    • @Whizzy-jx3qe
      @Whizzy-jx3qe ปีที่แล้ว +6

      A winter of discontent is just over the horizon,this was tried in 1972 and failed miserably IMF had bail the uk out which eventually led to austerity under Thatcher.

    • @williamkinkade2538
      @williamkinkade2538 ปีที่แล้ว +1

      What about the 70s??

    • @chingadapistolero
      @chingadapistolero ปีที่แล้ว

      @@Whizzy-jx3qe well considering the powers that be have tried blaming the imf for this fiasco good luck getting the begging bowl topped up by them anytime soon!

    • @johngalvin3124
      @johngalvin3124 ปีที่แล้ว

      15% ring a bell?

  • @josealexander1674
    @josealexander1674 ปีที่แล้ว +9

    The Country needs elections soon.

  • @barrymilton929
    @barrymilton929 ปีที่แล้ว +2

    Im so glad im not normal and dont pay taxes

  • @chrislambert9435
    @chrislambert9435 ปีที่แล้ว +28

    Ken Clarke, knows the truth, Inflation is from one place and one place only, it is from "government" working with central Banks to Print money and distribute this cash (mainly on bailing out Banks) through so-called quantitative easing, the present Government spending schemes will cause more Inflation (the curse of cheap money) Whats been mainly driving house Prices up was low interest Rates and a tsunami of readily available stream of cash. Government Ministers mostly think that "Inflation is something related to Bicycle Tires" They drive us around the bend (on rubber flat tires) giving out misleading and deceptive statements

    • @888ssss
      @888ssss ปีที่แล้ว +3

      correct, and the sting in the tail is it will now wipe out every boomers pension. which is too bad....

    • @RuneRelic
      @RuneRelic ปีที่แล้ว +1

      House prices has nothing to do with demand (migration) far outstripping supply then, so that those property portfolios bring exceedingly good returns ?

    • @chriswatson3464
      @chriswatson3464 ปีที่แล้ว +3

      No there're other courses.

    • @resistancefighter9009
      @resistancefighter9009 ปีที่แล้ว

      Nowt to do with closing the planet down or 🇩🇪 goose stepping into Russia.

  • @jeannorris1510
    @jeannorris1510 ปีที่แล้ว +6

    Clarke has been a supporter of trickle down economics for decades. (Rolls eyes)

    • @saigonbaby
      @saigonbaby ปีที่แล้ว +1

      prove it. that just bs. (rolls eyes)

    • @jeannorris1510
      @jeannorris1510 ปีที่แล้ว

      @@saigonbaby he has been a Tory mp all the time tory governments have pursued trickle down economics.

  • @charlesflouvat1829
    @charlesflouvat1829 ปีที่แล้ว +6

    Windfall tax, 🤪🤯🤭

  • @freeopinion2140
    @freeopinion2140 ปีที่แล้ว +25

    We don't need to wave a coupon infront of millionaires.
    We need to invest in people. When we have a more educated population we will attract the best companies because they want the most competent staff that will make them money.

  • @SH66667
    @SH66667 ปีที่แล้ว +5

    Ken like the rest of us were hoping for some calm with a new PM. We are now in crisis of our PM's making.

  • @anonymousjay4879
    @anonymousjay4879 ปีที่แล้ว +27

    All by design… we are living through history… #Endtimes 💯

    • @888ssss
      @888ssss ปีที่แล้ว +1

      by failed design.

    • @elainewatts4665
      @elainewatts4665 ปีที่แล้ว

      An orchestrated political agenda that's been in the planning for decades

    • @happycoop123
      @happycoop123 ปีที่แล้ว

      Yep, purposely done. Global economy crashes, rebuild with a digital currency.

    • @markh5399
      @markh5399 ปีที่แล้ว

      Not a very nice history. And the future looks dreadful.

  • @diamondgeezertunes
    @diamondgeezertunes ปีที่แล้ว +4

    Kick them out NOW

  • @alexbailey6312
    @alexbailey6312 ปีที่แล้ว

    Well said...im gobsmacked at this recklessness...its a bad joke.

  • @fredsharp2456
    @fredsharp2456 ปีที่แล้ว

    Oh! Dear We are sunk.

  • @derekbell4641
    @derekbell4641 ปีที่แล้ว +4

    Thank goodness! Sadly I don't think my Lord Clarke will be listened to. And finally someone who can pronounce" KWASI" properly.

  • @workslob
    @workslob ปีที่แล้ว +3

    These same people at the bank of England where we have had zero or very limited growth in the last 30 years I think that's a great idea lord clarke

  • @alphacentauri2134
    @alphacentauri2134 ปีที่แล้ว +7

    Rishi got it right!

    • @geniejack9709
      @geniejack9709 ปีที่แล้ว

      RISHI would have done the same orders from WEF

  • @sugarfree1894
    @sugarfree1894 ปีที่แล้ว

    4pm: pound at 1.01 dollar and that's a rise in the last 10 mins.

  • @drlarryjohnson7880
    @drlarryjohnson7880 ปีที่แล้ว +5

    I've said in the past Tha PM Truss had a reckless streak based on her dangerous comments at the start of the Ukrainian-Russian War; now she has gone to bludgeon the British markets with a reckless, ideologically driven, cash hemorrhaging budget at a time of inflation, energy crisis and war. Utter recklessness.

  • @ianlove3
    @ianlove3 ปีที่แล้ว +17

    We need Ken Clarke back

  • @marcushinton772
    @marcushinton772 ปีที่แล้ว +2

    Here is a man that should have been Prime Minister - has a grasp on reality

  • @Hellndegenerates
    @Hellndegenerates ปีที่แล้ว

    40 billion wasted on test and trace.

  • @evokestudiosbrighton
    @evokestudiosbrighton ปีที่แล้ว +5

    The Truss clowns cannot U turn as it would mean the end of them, so they will keep driving the car over the cliff

  • @jennim282
    @jennim282 ปีที่แล้ว +4

    Here it is the day I'd never thought id see when I wholeheartedly agree with Ken Clarke. Very wise words. Agreed with every word.

  • @timetochange724
    @timetochange724 ปีที่แล้ว

    KETTLE POT...... WOW

  • @GosWardHen98
    @GosWardHen98 ปีที่แล้ว +1

    shock & awe! we'll know in a fortnight

    • @FirewindII
      @FirewindII ปีที่แล้ว

      ...if it can be disguised even that long.

  • @redsocialist5474
    @redsocialist5474 ปีที่แล้ว +4

    They are listening to people, sadly it’s the dark forces based in Tufton St they’re listening to. Their aim, make as much cash for the funders of Tufton st.

  • @waylander1978
    @waylander1978 ปีที่แล้ว +10

    I've often considered Ken Clarke to be one of the best PMs we never had.

  • @mradamcshaw
    @mradamcshaw ปีที่แล้ว +1

    That shirt doesn't owe him any money. Was he called in from the garden to do this interview?

  • @sichere
    @sichere ปีที่แล้ว +1

    If Ken "Remainer" Clarke thinks it's a bad idea - Lizz must be doing something right.