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Post by B0ycey on Oct 26, 2022 7:32:25 GMT
Who gives a shit what race Sunak is. He was simply the best of a bad bunch. I don't like this woke bollocks bringing up race into this (BBC I am targeting this at you), when you should go by his merits rather than him being a first of something. He is an economist and predicted that Truss would bankrupt the nation and seems a nice enough bloke. He pisses of Johnsonites so he is over qualified as PM for that alone. The fact he might get us a decent trade deal with India is just a bonus. He's not an economist. He studied PPE at Oxford, which is basically a bluffer's guide to a number of subjects but certainly doesn't give him any expertise in anything. He also has an MBA and he has worked in business and investment but this doesn't qualify him as an economist. But you don't have to be an economist to be chancellor - the Treasury is stuffed full of people who understand money and economics and some of the best chancellors had little knowledge of economics. They relied on the Treasury. The point you make about Sunak "predicting that Truss would bankrupt the nation" is one of the points I was alluding to. He did indeed spend a lot of time attacking Truss in a way that will certainly have worried the markets. That's what stinks. He has a lot of contacts in the world of finance (currency traders etc) and I suspect that he has deliberately undermined Truss and almost certainly made money out of it. Concerning the trade deal with India it's a bit worrying that Modi is demanding greater access to visas to England - especially as Indians are the greatest abusers of visa terms. There is absolutely NO reason why trade should be linked to greater freedom of movement for Indian nationals. It should be kept entirely separate - if only because of the size of India's population and its poverty. Yet Sunak has previously spoken out in favour of more visas for India. He's an economists in the sense he was once Chancellor wolf which must qualify him in everyone's eyes to such a title but you it seems. I suspect he would also learn more about economics doing three months in number 11 than three years in a library. Although he also worked at Goldman Sachs as a junior which would also help understand how the sector operates. |
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Post by steppenwolf on Oct 26, 2022 7:50:22 GMT
There's a saying that "a little knowledge is a dangerous thing". Certainly Gordon Brown acquired some knowledge of economics during his years as chancellor but he still made massive basic errors as chancellor that led to him leaving office with the largest budget deficit in history (£150 billion) and, arguably, the measures that the Tories had to take to tackle the crisis that Brown caused are one of the causes of the current crisis. Brown's patchy knowledge of economics and finance fed an arrogance that led him to ignore Treasury advice.
I'm not saying that Sunak is as bad as Brown but he is also exceedingly arrogant. And the budget deficit that Sunak left (when he decided to try to unseat Boris Johnson by resigning) was not only the largest in history (3 times what Brown left) but also probably was a deficit larger than all the budget deficits in history added together.
That's an appalling record.
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