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On September 30 2022 01:34 Taelshin wrote: Rejoining the EU is a weak position right now Sermokala, I know its hard to believe but people don't like being ruled by unelected elite.
In the UK? Isn't the UK basically the poster land of being ruled by unelected Elite, with Queens and Kings and a House of Lords? With prime ministers being chosen in between elections by some party gremium?
People seem to be okay with all of that.
Also, the EU is not unelected.
Party leaders chosen by their party is how it works in every parliamentary system. The UK only really differs from the mainland with the house of lords.
Yeah, but usually party leaders are chosen before the election, and then the public can elect one of them, or not. In the UK, it seems to be common to just swap out your party leader mid-legislative period, who then becomes prime minister by default.
On September 30 2022 01:34 Taelshin wrote: Rejoining the EU is a weak position right now Sermokala, I know its hard to believe but people don't like being ruled by unelected elite.
In the UK? Isn't the UK basically the poster land of being ruled by unelected Elite, with Queens and Kings and a House of Lords? With prime ministers being chosen in between elections by some party gremium?
People seem to be okay with all of that.
Also, the EU is not unelected.
Party leaders chosen by their party is how it works in every parliamentary system. The UK only really differs from the mainland with the house of lords.
Yeah, but usually party leaders are chosen before the election, and then the public can elect one of them, or not. In the UK, it seems to be common to just swap out your party leader mid-legislative period, who then becomes prime minister by default.
I think UK's FPTP and consequent two party system highlights the PM change in a way that doesn't happen in many other places. If your norm is a coalition government across multiple parties, then one party, even the largest one, changing their leader and the PM cannot 180 the government quite as easily as in UK. A negotiated agreement with the other coalition parties on what the government policy will be limits the space to make sudden twists like Trussonomics.
On September 30 2022 01:34 Taelshin wrote: Rejoining the EU is a weak position right now Sermokala, I know its hard to believe but people don't like being ruled by unelected elite.
In the UK? Isn't the UK basically the poster land of being ruled by unelected Elite, with Queens and Kings and a House of Lords? With prime ministers being chosen in between elections by some party gremium?
People seem to be okay with all of that.
Also, the EU is not unelected.
Party leaders chosen by their party is how it works in every parliamentary system. The UK only really differs from the mainland with the house of lords.
Yeah, but usually party leaders are chosen before the election, and then the public can elect one of them, or not. In the UK, it seems to be common to just swap out your party leader mid-legislative period, who then becomes prime minister by default.
After Brexit maybe but even then both May and Johnson got re-elected.
On September 30 2022 01:34 Taelshin wrote: Rejoining the EU is a weak position right now Sermokala, I know its hard to believe but people don't like being ruled by unelected elite.
In the UK? Isn't the UK basically the poster land of being ruled by unelected Elite, with Queens and Kings and a House of Lords? With prime ministers being chosen in between elections by some party gremium?
People seem to be okay with all of that.
Also, the EU is not unelected.
Party leaders chosen by their party is how it works in every parliamentary system. The UK only really differs from the mainland with the house of lords.
Yeah, but usually party leaders are chosen before the election, and then the public can elect one of them, or not. In the UK, it seems to be common to just swap out your party leader mid-legislative period, who then becomes prime minister by default.
That’s a product of Brexit destroying parties. Nobody wants the top job anymore so they give it to people they hate and then knife them after a few months.
On September 30 2022 01:34 Taelshin wrote: Rejoining the EU is a weak position right now Sermokala, I know its hard to believe but people don't like being ruled by unelected elite.
In the UK? Isn't the UK basically the poster land of being ruled by unelected Elite, with Queens and Kings and a House of Lords? With prime ministers being chosen in between elections by some party gremium?
People seem to be okay with all of that.
Also, the EU is not unelected.
Party leaders chosen by their party is how it works in every parliamentary system. The UK only really differs from the mainland with the house of lords.
Yeah, but usually party leaders are chosen before the election, and then the public can elect one of them, or not. In the UK, it seems to be common to just swap out your party leader mid-legislative period, who then becomes prime minister by default.
That’s a product of Brexit destroying parties. Nobody wants the top job anymore so they give it to people they hate and then knife them after a few months.
Hm, how well does Prime Minister pay? I think i might be open to that job, even if it is just for a few months.
On September 30 2022 01:34 Taelshin wrote: Rejoining the EU is a weak position right now Sermokala, I know its hard to believe but people don't like being ruled by unelected elite.
In the UK? Isn't the UK basically the poster land of being ruled by unelected Elite, with Queens and Kings and a House of Lords? With prime ministers being chosen in between elections by some party gremium?
People seem to be okay with all of that.
Also, the EU is not unelected.
Party leaders chosen by their party is how it works in every parliamentary system. The UK only really differs from the mainland with the house of lords.
Yeah, but usually party leaders are chosen before the election, and then the public can elect one of them, or not. In the UK, it seems to be common to just swap out your party leader mid-legislative period, who then becomes prime minister by default.
That’s a product of Brexit destroying parties. Nobody wants the top job anymore so they give it to people they hate and then knife them after a few months.
Hm, how well does Prime Minister pay? I think i might be open to that job, even if it is just for a few months.
You’d get my vote, i mean, if I got to vote on a new PM
If the situation deteriorated further is there a universe where king Charles dissolves parliament and demands a new election? The polls are looking so bad for conservatives and if liz doesn't make it to Christmas would the British public accept elections called for by the king?
On October 02 2022 09:23 Sermokala wrote: If the situation deteriorated further is there a universe where king Charles dissolves parliament and demands a new election? The polls are looking so bad for conservatives and if liz doesn't make it to Christmas would the British public accept elections called for by the king?
It would probably be the last thing King Charles ever did as king.
On October 02 2022 09:23 Sermokala wrote: If the situation deteriorated further is there a universe where king Charles dissolves parliament and demands a new election? The polls are looking so bad for conservatives and if liz doesn't make it to Christmas would the British public accept elections called for by the king?
It would probably be the last thing King Charles ever did as king.
It'd probably be the last thing the Royal Family ever did as the Royal Family tbh. If the polls keep getting worse we might see the tories start to demand changes to the frontbench and Truss' policies.
On October 02 2022 09:49 {CC}StealthBlue wrote: Can't the PM just laugh and tell him no?
I'm not sure they could. Technically the government serves because the Royals give them permission to.
The King has de jure power to dismiss Parliament. Doesn't mean he has de facto power to do it. Any decree that was not approved by Parliament would likely be ignored, followed by a bill for the abolition of the monarchy.
On October 02 2022 09:49 {CC}StealthBlue wrote: Can't the PM just laugh and tell him no?
I'm not sure they could. Technically the government serves because the Royals give them permission to.
The King has de jure power to dismiss Parliament. Doesn't mean he has de facto power to do it. Any decree that was not approved by Parliament would likely be ignored, followed by a bill for the abolition of the monarchy.
Yeah you're right. In reality it would never work. Truss is on TV now. She's so bad at public speaking. How on Earth does someone like her end up in politics? She's like a fever dream version of Theresa May. Not a chance in hell she manages to claw back 30 points before the election.
Looking forward to heaing from all the Conservative party members who have spent the last week saying it was external factors that crashed their economy
If you don't have people going out there and telling the public that this is a lie and that its not going to blow up in 3 days than things are much worse than it looks.
Maybe they're seeing things can go off a cliff fast if they have to sell bonds to buy bonds.
Yep, so the bond buybacks will end Friday. Now the question is who the hell is going to buy the debt from the Pension funds... nobody in their right mind. While also watching the sterling fall. Said Pension funds, now acting like Hedge funds, have about three days, maybe less, to get it out from under the avalanche that is fast approaching.
The boss of the Bank of England has told investors that its bond-buying to stabilise pension funds will end on Friday, despite pleas to extend it.
Andrew Bailey said that managers have got to make sure that their funds are resilient.
Earlier the Bank of England made a fresh bond-buying move to try to calm markets.
It has been buying government bonds to try to help pension funds at risk of collapsing.
Earlier the Bank warned of a "material risk" to financial stability, and stepped in to buy bonds for the third time since the government's mini-budget sparked alarm among investors.
The chancellor promised huge tax cuts without saying how he would fund them.
Earlier on Tuesday, one pensions industry body urged the Bank to extend its emergency support beyond Friday due to fears of further market turmoil.
But Mr Bailey said on Tuesday that help would stop at the end of the week, and urged pension funds to make sure that riskier investments were offset by less risky ones.
"You've got three days left now," he told fund managers. "You've got to get this done."
The pound dropped sharply against the dollar to below $1.10 after Mr Bailey's statement.
Mr Bailey later told the BBC: "We are doing everything to preserve financial stability, you have my assurance on that."
He added that pension funds have "an important task" to ensure that they are "done" in making sure they are resilient.
"I'm afraid this has to be done, for the sake of financial stability," he said.
The government had earlier said it remained confident in its tax cuts plan, with Kwasi Kwarteng telling MPs he was "relentlessly focused on growing the economy" and "raising living standards".
But Labour's shadow chancellor Rachel Reeves said: "This is a Tory crisis that has been made in Downing Street, and that is being paid for by working people."
The Bank's warning about financial stability is rare and suggests it cannot confidently ignore the threat it sees to the financial system.
It is even rarer for several senior Bank executives to have indicated part of the blame for the turmoil may lie at the government's door, the result of domestic policy.
The Bank was forced to intervene after government borrowing costs rose sharply despite actions it and the Treasury had taken to calm investors on Monday.
EPT
