Patience and not panic is needed…as Truss must face down doom-mongers and sack the Bank of England board.

Finally, after 8-years of drift – starting with Cameron and his failed attempts to stop unqualified and unneeded EC citizens flooding to our shores, the botched Scottish referendum and Project Fear…followed by Project Fear against Brexit, then the Teressa May – wishy washy no plan for the future, succeeded by patriotic sounds bites from Boris – which were then followed by an unprecedented Government overreach and Chancellor Sunak’s socialist spending – bringing us debt and inflation – we have a new Prime Minister who is willing and brave enough to set the economic agenda for this decade.

Tax cuts – leaving more money in hard working family’s pockets – enabling them more choice and a better quality of life – must be applauded.  Work must be constantly rewarded over those that play the “benefit game”.  With an ever-increasing number of vacancies – in all occupations – our culture must return to the Protestant work ethic…and reward those that take the responsibility to try and provide a better financial future for themselves and their family – regardless of the costs to those that decide not.

Increasing inflation and the weakening of the pound is NOT the result of these tax cuts – but were caused by the apathy and State over-reach of both the Bank of England who failed en masse to see the inflationary pressures caused by both the socialist leaning Chancellor Sunak pandemic borrowing (and subsequent fraud) and the US reaction to inflation– that raised their interest rates early and at higher rates.

Instead, we have a BoE that decided to cancel their Monetary Policy Committee meeting as a mark of respect to the Queens death. So as the US and EC reacted to worsening economic news – our BoE committee were taking days off.

And when they finally did meet – after the election of Truss to PM – and her promise of tax cuts…they ignored this plain fact of life – and raised interest rates far below what was both needed and expected.

In other words – we believe they played “politics” fully aware that once the tax cuts were announced – the currency and gilt markets would behave negatively to the news.

And their globalist friends and media owners – would decry our new government as they continue their Project Fear agenda.

We hope that Truss maintains her nerve and when circumstances permit removes the economic inept members of the Bank of England monetary committee.