{"id":2768,"date":"2022-10-01T12:50:36","date_gmt":"2022-10-01T12:50:36","guid":{"rendered":"https:\/\/far-right.co.uk\/?p=2768"},"modified":"2022-10-01T12:50:36","modified_gmt":"2022-10-01T12:50:36","slug":"patience-and-not-panic-is-neededas-truss-must-face-down-doom-mongers-and-sack-the-bank-of-england-board","status":"publish","type":"post","link":"https:\/\/far-right.co.uk\/?p=2768","title":{"rendered":"Patience and not panic is needed\u2026as Truss must face down doom-mongers and sack the Bank of England board."},"content":{"rendered":"

Finally, after 8-years of drift<\/strong> \u2013 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\u2026followed by Project Fear against Brexit, then the Teressa May \u2013 wishy washy no plan for the future, succeeded by patriotic sounds bites from Boris \u2013 which were then followed by an unprecedented Government overreach and Chancellor Sunak\u2019s socialist spending \u2013 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.<\/strong><\/p>\n

Tax cuts \u2013 leaving more money in hard working family\u2019s pockets \u2013 enabling them more choice and a better quality of life \u2013 must be applauded.\u00a0 Work must be constantly rewarded over those that play the \u201cbenefit game\u201d.\u00a0 With an ever-increasing number of vacancies \u2013 in all occupations \u2013 our culture must return to the Protestant work ethic\u2026and reward those that take the responsibility to try and provide a better financial future for themselves and their family \u2013 regardless of the costs to those that decide not.<\/p>\n

Increasing inflation and the weakening of the pound is NOT the result of these tax cuts \u2013 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\u2013 that raised their interest rates early and at higher rates.<\/p>\n

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 \u2013 our BoE committee were taking days off.<\/p>\n

And when they finally did meet \u2013 after the election of Truss to PM \u2013 and her promise of tax cuts\u2026they ignored this plain fact of life \u2013 and raised interest rates far below what was both needed and expected.<\/p>\n

In other words \u2013 we believe they played \u201cpolitics\u201d fully aware that once the tax cuts were announced \u2013 the currency and gilt markets would behave negatively to the news.<\/p>\n

And their globalist friends and media owners \u2013 would decry our new government as they continue their Project Fear agenda.<\/p>\n

We hope that Truss maintains her nerve and when circumstances permit removes the economic inept members of the Bank of England monetary committee.<\/p>\n","protected":false},"excerpt":{"rendered":"

Finally, after 8-years of drift \u2013 starting with Cameron and his failed attempts to stop unqualified and unneeded EC citizens […]<\/p>\n","protected":false},"author":1,"featured_media":2769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13,11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/far-right.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2768"}],"collection":[{"href":"https:\/\/far-right.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/far-right.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/far-right.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/far-right.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2768"}],"version-history":[{"count":1,"href":"https:\/\/far-right.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2768\/revisions"}],"predecessor-version":[{"id":2770,"href":"https:\/\/far-right.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2768\/revisions\/2770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/far-right.co.uk\/index.php?rest_route=\/wp\/v2\/media\/2769"}],"wp:attachment":[{"href":"https:\/\/far-right.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/far-right.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/far-right.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}