Liz Webster Profile picture
Sep 13 8 tweets 5 min read
Expectations for #Brexit benefits have in fact mirrored hopes of #iraq invasion unearthing WOMD.

Hopes for cheaper food/fuel have seen 🇬🇧 prices soar above EU as 🇬🇧 businesses drown in red tape.

Even #Brexit opportunities minister failed to identify Brexit bonuses.

But … 🧵
Rees-Mogg was promoted to business secretary and now in charge of cutting regulation to “boost business-led growth and investment”.

A crucial job as 🇬🇧 is crushed by global energy crisis — a role that one of wealthiest in cabinet is expected to relish.

But who will benefit?
@MarkJLittlewood says JRM is instinctively opposed to heavy-handed regs … he once observed that he’s not sure it wld have been possible to set up Somerset Capital due to growth in financial regs.

Regulations introduced to protect people from repeat of 2008 financial crisis.
JRM held talks with oil companies even before taking on energy responsibilities. #Truss govt already lifted 🏴󠁧󠁢󠁥󠁮󠁧󠁿 fracking ban.

JRM has been criticised for speaking of “climate alarmism” and more recently opposed windfall taxes on energy firms.

His father no doubt wld be proud.
Greenpeace UK has said he is the “last person who should be in charge of the energy brief, at the worst possible moment”.

@EdwardJDavey has called him a “climate dinosaur” who would delay moves to a net zero carbon economy.
And what about the heavy/handed obstructive #Brexit regulations and red tape which are crippling 🇬🇧 businesses?👇

Regulations that @Jacob_Rees_Mogg has acknowledged are deeply damaging to the economy and ordinary people.
But isn’t it strange that JRM hasn’t been loudly pointing out these 👇#Brexit benefits as millions of people struggle with #CostOfGreedCrisis and face starving/freezing.

channel4.com/press/news/bre…

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More from @LizWebsterLD

Sep 16
Letter in the Times today from Leigh Lewis, who headed DWP between 2005 and 2010, saying that if Simon Case does not have the “courage and conviction” to stand up for the civil service, then he “needs to make way for someone who has”.

And there’s more ….. 🧵 Image
Former head of civil service Lord Turnbull says ministers are picking a fight with civil service to distract from their “rubbish” leadership on the economy over past 12yrs.

He said it’s “completely unconvincing” to blame officials for sluggish growth ….

thetimes.co.uk/article/liz-tr…
… while ministers ducked unpopular reforms that wld boost the economy.

After Truss promised to overturn “Treasury orthodoxy”, Turnbull denied such thing existed, pointing out the dept had implemented policies as diverse as bank bailouts, austerity, furlough & energy price caps.
Read 8 tweets
Jun 30
William Rees-Mogg was editor of The Times. In 1971 a conversation with him was filmed.

Full programme:
1/2
William Rees-Mogg wrote the prophetic book The Sovereign Individual and had views on capitalism and chaos that have fascinating links to his son’s enthusiasm for #Brexit.
But other Tory MPs have links to this ideology also referred to as “Creative Destruction”.

In 2005 @danny__kruger was to stand against Tony Blair. But he quit after being quoted as wanting a "period of creative destruction in the public services".
news.bbc.co.uk/1/hi/uk_politi…
Read 9 tweets
Jun 26
“Some donors expressed concern after Johnson used his speech at V&A fundraising dinner to perform a sexually suggestive call-and-response routine with Nadine Dorries. Johnson asked her about latest broadband rollout figures and Dorries replied: “69%”. Johnson grinned and …..
repeated “69!” to some laughter. But one of those present said: “Everyone around me cringed.” A minister present added: “The donors are turning against him.” That may partly explain why the billionaire hedge fund manager Sir Michael Hintze is to be given a peerage in the …
next list of political peers, which also includes Paul Dacre, the former editor of the Daily Mail.”

apple.news/AkrHxOPX1Tme0w…
Read 4 tweets
May 30
Sterling turning into ‘emerging market currency’

In downbeat assessment of UK economic prospects, the impact of #Brexit, and potential politicisation of monetary policy, US investment bank believes investors will dump 🇬🇧 currency after sustained weakness
thetimes.co.uk/article/9ee441…
Sterling has fallen by 6.5% against the dollar so far this year to a two-year low, largely as a result of the US central bank’s aggressive tightening of monetary policy pushing up the value of the greenback.
Kamal Sharma, foreign exchange strategist at Bank of America, warned that the pound was facing a prolonged period of weakness that risked resembling an emerging market currency hit by unique volatility caused by government interference in monetary policy.
Read 9 tweets
May 2
Tory candidate in Somerset says voters are ripping down her posters and burning them.

“I’ve had people throw leaflets back out the door at me as well.”

Political strategists suggest there has been a shift away from the Conservatives in the countryside.

archive.ph/2022.05.01-210…
Countryside voters, who are often keen to protect the natural beauty of their homes, say plans to rip up the planning system to build more houses and erect new onshore wind farms are a direct attack on their way of life.
Answering a survey conducted for The Telegraph by Redfield and Wilton Strategies this week, just 19% of voters said the Conservatives cared about rural areas, while 28% said Labour did. Almost half of voters 46% say “levelling up” does not inspire them.
Read 5 tweets
Apr 9
EU and USA are helping their farmers cope with inflationary costs of inputs which far exceed food prices. Agri inputs reached almost 30% in 12 months to March 2022.

However, British govt continue to remove food subsidy and offer farmers a few quid to rewild or retire. 
1/3 🧵
Many farmers are having to plough back in their produce as there’s no labour to harvest/process. Pig farmers are killing pigs on farms and the meat is wasted because the processing sector has a labour crisis.

Those lucky enough to sell animals are facing big losses.
The financial situation is so dire that British food is only set to become very rare indeed.

Next year, we face the reality of worst food shortages ever. Especially if the global situation sees other countries hang on to their food stocks.

And look what govt spends money on 👇 Image
Read 4 tweets

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