New Tory economic plan delayed by more than two weeks

Jeremy Hunt: there is no urgency at all about his plan to restore the UK economy to its former glory. [image from last week when he dismantled Liz Truss’s economic plan. How long will it be until someone else has to do the same to his own?]

You didn’t really think Rishi Sunak and Jeremy Hunt were really going to make any announcement on the economy on October 31, did you?

I know the Tory leadership contest was said to be happening within a week so the statement could be made on Monday, but it seems clear now that this was just an excuse to rush Rishi Sunak into office without a proper election.

There doesn’t seem to have been an intention to bring any certainty to the lives of the UK’s more-than-68-million-strong population with any urgency at all.

What did you expect from Rishi Sunak – the MP who is richer than the King?

Jeremy Hunt has tried to sweeten the pill by saying the report, now to take place on November 17, will be a full Autumn Statement – a Budget. So he’s lazy. Rather than give an initial briefing on what the government will do – and getting on with it – then providing a full Budget, he’s combining the two and making us wait.




In a statement to Parliament, Hunt said he has discussed his delay with the governor of the Bank of England, who “understands the reasons” for doing so. That’s not a declaration of support!

Hunt admitted there has been market turbulence, even in the last 24 hours: “The question is how you deal with that turbulence” and it is crucial to make sure decisions “stand the test of time”.

But a delay means market turbulence will continue. The BBC is reporting that the Pound is holding on to gains made in recent days, trading at $1.15 and a bit – just two cents up from when Liz Truss resigned last week.

Gosh. Catch me if I swoon.

It’s nothing. The Tories have deliberately – let’s not forget – presided over possibly the greatest devaluing of the UK economy in the history of our nation.

And now Jeremy Hunt and Rishi Sunak have announced that they can’t be bothered to do anything about it for more than half a month.

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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