Opinion – Theresa May’s failed gamble – Leader – The Economist

Here’s an outstanding and historic lead from the Economist. It argues that the Conservatives’ botched campaign will bring both chaos and opportunities.

Source: Theresa May’s failed gamble

The Economist highlights three massive emerging crises for the UK:

  1. Chronic political instability
  2. Economy heading for the rocks
  3. Economic & political risks, triggered by Brexit negotiations

Clearly, Theresa May’s minority government is doomed to failure. May is a lame-duck and speculators will start to bet against the UK, so long as May continues in power.

The Conservatives Party elected May and precipitated the three crises – they are also responsible for facilitating Jeremy Corbyn‘s outstanding election performance. BUT the Conservatives will be seriously scared of risking another election, deeply fearful of a Corbyn’s Labour Party being victorious.

The problem for the Conservatives is that the risk of the three crises will multiply with a lengthy election of a new leader. It’s also hard to see how a potential new leaders could serve effectively in May’s cabinet short-term. Although the Economist favors the emergence of a radical centre party, headed by a UK Macron, that would further compound the aggregate risk.

The critical questions are:

  1. When should May go and should she resign or be removed’?
  2. Is it time for the head of the 1922 Committee to have a quiet word with May?


One response

  1. May should go within weeks and be replaced by someone capable of quick thinking, “street-fighting”, decisiveness and strategic thought.

    I am not sure who that could be but for Dr Alf’s, Mrs Oldman’s and all our sakes it cannot come soon enough.

    Nick Timothy, Fiona Hill, Justine Greening and all the weaker ministers, like Rudd, should go as well.

    Money for paying down debt and reshaping the country has to be found and the obvious places to start are with the abolition of the Foreign Aid budget(£16 billion GBP), the Barnett Formula(£30 billion GBP) and the money given to the Monarchy on top of the civil list.

    Privatising the BBC, abolishing the House of Lords, replacing it with an accountable 200 person Senate and firing 449 MPs and redrawing constituencies would raise and save more money.

    Reducing corporation taxes and increasing writing down allowances should bring in more inward investment, stop companies hiding money offshore and make it easier to export——The country has to start earning its way out of trouble!

    This means capping boardroom pay for those directors who could export but steadfastly do nothing other than sit on golf carts, overpay themselves and set an appalling example to their obese, lazy and unproductive workforces.

    Then we need to export more with unemployed middle managers assigned to export sales and issued with the American style instant translator devices which are pea-sized and allow selling conversations to take place.

    Dole and other benefits would be paid to the employer who would top up the wages and then the benefits would be reduced on a 5 year taper as sales came in.

    We can no longer afford to have a military recruitment crisis, inadequate policing and young indisciplined people who are not job ready.

    We need National Service for all young people who would be paid their benefits in exchange but would forgo housing benefit, council tax benefits and free houses in exchange for their illigitimate children and for 2 years would live in barracks, on ships or on military bases where they would live in tents and then construct additional barracks using systems building methods.

    The very long term employed would be assigned work as carers and would work with Adult Social Care recipients in their own homes.

    Aggressive re-enablement and a regime of enforced weight reduction,smoking cessation,lowered alchohol intake, exercise and reduced vaping would cut Adult Social Care bills by 50% and action on fraud would reduce things even more.

    Benefits would cease for the re-enabled leaving just genuine cases which would reduce local authority costs by 25% before any efforts to merge them and create scale economies.

    Others can be turned into PCSO’s to patrol on foot in neighbourhoods and Muslim areas to maintain a watching brief over them and maintain order thus freeing up the regular police to do their jobs.
    The country in export mode and taking control of its costs would then be better positioned to deal with the EU or become a “colder version of a much bigger Singapore/Switzerland composite” tax haven in the event that the EU tried to punish us or made life unnecessarily difficult.

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