Posted by Richard Willett - Memes and headline comments by David Icke Posted on 27 September 2022

Liz Truss: Tory MPs sending no-confidence letters over fears she will ‘crash the economy’, says ex-minister

Some Conservative MPs have already sent letters of no-confidence in Liz Truss’s leadership over fears she will “crash the economy”, a former minister has claimed.

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.

An ex-minister in Boris Johnson’s government told Sky News that the letters which could trigger a confidence have already been sent to 1922 Committee chair Sir Graham Brady.

“Liz is f*****. She is taking on markets and the Bank of England,” the MP told the broadcaster, saying she and Treasury ministers were “playing A-level economics with people’s lives”.

The ex-minister added: “They are already putting letters in as think she will crash the economy. The tax cuts don’t matter as all noise anyway – mainly reversing back to the status quo this year.

“The issue is government fiscal policy is opposite to Bank of England monetary policy – so they are fighting each other. What Kwasi gives, the Bank takes away … You cannot have monetary policy and fiscal policy at loggerheads.”

Tory MP Mel Stride, chair of the Treasury select committee, has suggested that Mr Kwarteng had been wrong to signal further tax cuts on Sunday, amid the dramatic decline in the value of the pound.

“One thing is for sure – it would be wise to take stock of how through time the markets weigh up recent economic announcements rather than immediately signalling more of the same in the near term,” he said.

Read More: Liz Truss: Tory MPs sending no-confidence letters over fears she will ‘crash the economy’, says ex-minister

The Trap


From our advertisers