Monday, September 05, 2022

No Gas from Russia to Europe - Reaction to Western Sanctions - Ukraine - Russian War


Lets Get Real:

This shows that the Western sanctions are working, the Russians are using the only economic tool they can against Europe.  The Germans are going to spend 65 billion to help the German people, this is down the gas hikes on the market due to the fact that Russia has invade the Ukraine and the West is supporting the KYIV Government through the use of sanctions, it is expected that PM Liz Truss will spend one hundred billion on keeping the gas prices at a lower level for customers due to the price hikes on the market.  One can only hope that it will be a mild winter, otherwise the West will be tested, one only hopes that the British people show the spirit our great grandfathers and grandfathers showed during WW2.  A testing time for the West. 

PM Boris on Liz Truss winning the Conservative Party Leadership Contest - After Boris/After Brexit


Lets Get Real:

Let really hopes that the PM Boris means the above, he had to face former PM May who is fast becoming the Ted Heath of the Conservative Party, a leader who cannot get over losing the leadership.  One does hope that Boris does not want to be a backseat driver, like Thatcher wanted with Sir John Major.  That was a disaster for the Major while he was PM.  The fact is that Boris, is a very charismatic leader and he is very young, thus he can come back later on if he wants too.  The Conservative  Party needs to look forward and not back, thus the UK needs tax cuts, we have the highest tax rate in 70 odd years.  The last time they were that high was in 1949 under a Labour Government.  Also PM Truss needs to go big on the cost of living, it has been suggested that the Government will freeze energy costs, that will cost one hundred billion, yes BILLION, at some point the British people must not expect the Government to bail them out, this is not this time, we have just come through the pandemic and supporting the Ukraine in its war against Russia.  Thus the energy hikes by Russia.  It is going to be a tough couple of months for new PM Liz. 

Drum Roll ..... Liz Truss is the new UK PM - After Boris/After Brexit


Lets Get Real:

Thus the non breaking news that Liz Truss has won the Conservative Party leadership, that has been on the cards for WEEKS, this blog even got bored with it, Liz Truss is the deserved winner, she did not stab Boris in the back, unlike Rishi Sunak.  The newish Conservative Government can start with TAX CUTS, and getting rid of the Sunak TAX HIKES, also massive spending to help with the cost of living, in other words the high rate of inflation and the gas hikes due to the WAR in Russia.  PM Truss will have to stand up to the the EU and Russia, it has been reported that the new PM will invoke Article 16 with the EU, while pushing through the Northern Ireland Protocol Bill, while with Russia, the PM should make a visit to KYIV.  It is going to be a tough couple of months on the economic side, even if Conservative MPs become difficult they cannot throw out another PM, they are stuck with PM Truss, they are going to miss PM Boris.