A Gambler's Streak?: What drives Chancellor Kwasi Kwarteng - BBC Newsnight

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BBC News

BBC News

Күн бұрын

As Britain's new Chancellor Kwasi Kwarteng delivers a historic mini-budget, what's behind the man whose decisions will affect us all?
From Eton to Trinity College, Cambridge and even appearing on University Challenge in 1995, clues can be found in how Kwasi Kwarteng thinks.
Drawing inspiration from prominent economist John Maynard Keynes, and his analogy of a Chancellor as a chess player preventing opponents from going a few moves ahead.
Newsnight's Political Editor Nick Watt investigates what makes him tick and speaks to Conservative MP George Freeman, Dame Margaret Hodge and friends from Kwarteng's university days.
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Пікірлер: 842
@Jimdixon1953
@Jimdixon1953 Жыл бұрын
To everyone saying he has a PhD in economics, he has a PhD in economic history, specifically “Political thought of the recoinage crisis of 1695-7” is that going to be much use to him now?
@MrBabylon
@MrBabylon Жыл бұрын
I didn't know that, that's bloody hilarious 😂😂😂 I know a paper bag with better credentials.
@BarriosGroupie
@BarriosGroupie Жыл бұрын
Yes, I fell for that as well: He went to Trinity college Cambridge to read... classics and history. I'm afraid it also reflects the incompetence of Liz Truss IMO, possibly trying to get as many brown people on her cabinet as possible to show the Conservative party is there for the competent regardless of race, which is ironicially laughable.
@hazelkos-mcconnachie9806
@hazelkos-mcconnachie9806 Жыл бұрын
True macro-economics is completely different to MICRO-economics and running the Exchequer - lol - recoinage is his speciality + pound now unsound..and we NOT in clear waters now - BoE warned this devaluation is peculiar to UK alone- not about Ukraine- and I fear for my pension and all state and local govt. coffers when markets destabilise again- the Pound could end up at 0:98 cents if Truss + co refuse to reverse budget..Shocking govt not recalled Parliament - all these developments are HISTORIC and leave us NAKED and AFRAID !! And TRUSS has achieved her wish to be UNPOPULAR and CONTROVERSIAL- in midst of a COL crisis this is truly dreadful news..
@hazelkos-mcconnachie9806
@hazelkos-mcconnachie9806 Жыл бұрын
@@BarriosGroupie DItto !!
@syedadeelhussain2691
@syedadeelhussain2691 Жыл бұрын
Economic history teaches an economist far more than mathematical charlatanism. Many of the top economists working as policymakers have a degree in economic history, most of them trained by the likes of Oxford University, LSE, Lund University, and so on, etc.
@WhoOneIs
@WhoOneIs Жыл бұрын
Kwasi Kwarteng has a Phd in economic history. In the last month, he has acquired one in crashing the economy. His tenure as Chancellor is now history.
@70AD-user45
@70AD-user45 Жыл бұрын
He has a double first in classics and history. I didn't know about the PhD.
@ivermektin6874
@ivermektin6874 Жыл бұрын
All these Oxbridge types have been told they are exceptional their entire lives and don't think basic math applies to them or their governments budgets.
@j.harrison6744
@j.harrison6744 Жыл бұрын
Admit it, you just hate him because he's an intelligent black man and not your ideological slave. Racist!
@pfchim2012
@pfchim2012 Жыл бұрын
The main problem is the Oxbridge to Westminster pipeline without being disciplined and moulded in a proper job. So they think being clever and getting good grades in school and university means they can do anything. Some like Mogg and John Redwood don't actually care about the average person too, they have small funds so want to line their pockets and those of their friends too.
@marcusmacarthur7039
@marcusmacarthur7039 Жыл бұрын
He looks the perfect _antithesis_ of an Oxbridge grad. He'd be the last person most people would suspect was an Oxbridge grad.
@evo8power228
@evo8power228 Жыл бұрын
You must be racist
@leel9186
@leel9186 Жыл бұрын
@@marcusmacarthur7039 why do you say that? Watch an interview with him for five minutes and you can see is has the exact same academic-snob, entitled elitist stance as the rest of them.
@ivermektin6874
@ivermektin6874 Жыл бұрын
Can I just get a GP appointment please.
@hmq9052
@hmq9052 Жыл бұрын
Take ivermectin and shut up
@mi3helle707
@mi3helle707 Жыл бұрын
Shshhhhh, stop asking for too much 💀🤫😅
@theproblemmustbeinyourpant5910
@theproblemmustbeinyourpant5910 Жыл бұрын
It's soup and asprin for you my friend
@boxtv1499
@boxtv1499 Жыл бұрын
Looks like he’s gonna Kami-Kwasi our economy 😅
@johnchibona8807
@johnchibona8807 Жыл бұрын
See what you did there 😅
@Peggyg13
@Peggyg13 Жыл бұрын
Very clever ! 😊
@onlineonlineaccount2368
@onlineonlineaccount2368 Жыл бұрын
Oke that's a good one lol 😅
@ahaastrup9452
@ahaastrup9452 Жыл бұрын
😂😂😂😂
@charleswhite758
@charleswhite758 Жыл бұрын
So far ethnically-"diverse" cabinet ministers have been nothing to write home about - other than them writing to the cousins back home in the village "look at me"!
@ydnallah1541
@ydnallah1541 Жыл бұрын
The quicker we’re rid of those 2 muppets, the better
@philipvjones397
@philipvjones397 Жыл бұрын
5 days later and this has blown up in all our faces. Possibly the most ill-timed hagiography ever. Both of these clowns should be packing their bags immediately.
@lukealadeen7836
@lukealadeen7836 Жыл бұрын
You must be happy now
@tallbillbassman
@tallbillbassman Жыл бұрын
Confidence, boldness, intellectualism, assertion: it will melt away like snow in the sun when plain arithmetic hits. This piece almost wilfully ignores the facts.
@DarkBrandonForever
@DarkBrandonForever Жыл бұрын
Lol you mad?
@j.harrison6744
@j.harrison6744 Жыл бұрын
Racist dog-whistle.
@tangodelta7617
@tangodelta7617 Жыл бұрын
Indeed, Bill. And people still think the BBC is leftwing. It is basically at this point an offshoot of the Tory Central Office.
@ibdaramy7261
@ibdaramy7261 Жыл бұрын
@Bill Dixon - get your politicians to sanction the World's #1 oil and gas exporter and see what happens. It is called inflation.
@Esta-Beed
@Esta-Beed Жыл бұрын
@@DarkBrandonForever more pertinente is ARE YOU MAD, Truss was 😂
@lionking789
@lionking789 Жыл бұрын
If he wants to change things so radically, he should do it with a general election vote, not here where no one has told him to anything this crazy
@NeoFreshair
@NeoFreshair Жыл бұрын
You want GE to vote Labour who are just as bad as Tories! Like supporting lockdowns, face masks + jabs mandates, climate change and now support for Ukraine! Labour not different at all!!!
@91Durktheturk
@91Durktheturk Жыл бұрын
The most radical policy ever, lockdown, was supported by both parties, whilst there being no such thing in the election manifestos. This 'radical' change is peanuts compared to that.
@James-st9uu
@James-st9uu Жыл бұрын
A general election will do nothing. All polticians are incompetent
@70AD-user45
@70AD-user45 Жыл бұрын
There doesn't have to be another election for another 2 years. We have a parliament not a president.
@anneshussain9918
@anneshussain9918 Жыл бұрын
what drives him? probably money and killing off the lower class
@Sammit00
@Sammit00 Жыл бұрын
Well that was terrifying.
@airzulu2733
@airzulu2733 Жыл бұрын
It's bloody frightening. God help us .
@mvd241997
@mvd241997 Жыл бұрын
These looneys are driving the car of the cliff! And the worst thing is, we are in the backseat.
@BU4U
@BU4U Жыл бұрын
Well said! 😥
@lw1zfog
@lw1zfog Жыл бұрын
6uilding 6ack 6etter, Ordo ab Chao
@terrygrady8413
@terrygrady8413 Жыл бұрын
He studied the classics, say no more.
@titteryenot4524
@titteryenot4524 Жыл бұрын
Don’t knock Classics, mate. After all, Latin is the one of the only languages about which you can say to the learner, “your skill is declining,” and mean it as a compliment! 🧐
@whitesun264
@whitesun264 Жыл бұрын
@@titteryenot4524 I didn't realise 'classics' referred to greek / roman texts, I had assumed it related to 16th / 17th Century British literature
@titteryenot4524
@titteryenot4524 Жыл бұрын
@@whitesun264 Nah, mate. Right back to the beginning of modern life as we know it, Jim.😉
@benusmaximus3601
@benusmaximus3601 Жыл бұрын
So did I - great subject!
@lw1zfog
@lw1zfog Жыл бұрын
he used to do it with Amber Rudd, say no more
@kennethvenezia4400
@kennethvenezia4400 Жыл бұрын
Yes, you're right. Kwasi is breaking new ground. Unfortunately he will leave a huge hole that will swallow up a large chunk of the English population that is already suffering immensely. Fortunately this current crop of Tories probably won't be around very long. My heart goes out to you, my British cousins. Love from the US💜
@ollieclegg9814
@ollieclegg9814 Жыл бұрын
I agree - even Tory voters are beginning to see through it now. One big club for the rich
@ThePierre58
@ThePierre58 Жыл бұрын
USA have Joe, I will take Liz over a walking corpse any time.
@davidoneill913
@davidoneill913 Жыл бұрын
Tory voters deserve the pain , the rest of us don't.
@jamilas3982
@jamilas3982 Жыл бұрын
@@davidoneill913 After Kwasi-modo's mini budget, I think they will be gone in 18 months. Lets hope the economy's not too crippled before they get voted out
@marcusmacarthur7039
@marcusmacarthur7039 Жыл бұрын
I have a theory. The new finance minister has a deep, insatiable hatred for white folks because of what they did to his ancestors and he now wants revenge but wants to do it in a way that hides his true intent. He has, in just two short weeks, made the £££ sink to its lowest level against the $$$ since 1984. That is quite an achievement given he's been in power for just 14 days or so. I suspect more is to come. He just wants payback for centuries of oppression of his people.
@Francois1807
@Francois1807 Жыл бұрын
love the intro. they do it for all these types: 'exceptional', 'intellectual', 'cerebral'. ok, then, gimme both barrels, kwasi, you're chancellor now - what you got for us? him: ummm, some more tax cuts and then we'll just borrow to cover the gaping hole in our accounts. an ordinary person - a milkman, a nurse, ANYONE - would be better at this than any of these oxbridge vipers.
@pete8349
@pete8349 Жыл бұрын
Just got to get through this next century of bloodshed and we'll be fine.
@stevelam5898
@stevelam5898 Жыл бұрын
Isn't that the truth..
@TheGalifrey
@TheGalifrey Жыл бұрын
Not surprising he read classics, he is trying to take us back to Dickensian times
@jj-gz9xd
@jj-gz9xd Жыл бұрын
Actually, 'classics' is referring to studying latin and ancient greek, so taking us back a weeny bit more...
@Jimdixon1953
@Jimdixon1953 Жыл бұрын
I’m not sure than having all these former Classicists and Historians in government has worked out well over the years, and I say that as someone with a History degree!
@nibnob3850
@nibnob3850 Жыл бұрын
Judgeing by that analogy he thinks brexit will just turn out in about 100 years and our great grandkids will be thankful we suffered for them. God help us
@springchicken893
@springchicken893 Жыл бұрын
To gamble with a nation like that is criminal. Especially a country that is already on its knees.
@mogznwaz
@mogznwaz Жыл бұрын
We’re not on our knees ffs. No one I know has yet been affected in the slightest - except psychologically by the relentless crisis headlines telling them they’re affected.
@permabear6025
@permabear6025 Жыл бұрын
@@mogznwaz Yes the multidecade high inflation, record personal, corporate and sovereign debt plus giant housing bubble and all-time weak pound is just a figure of our imaginations…
@titteryenot4524
@titteryenot4524 Жыл бұрын
A chaffeur-driven Bentley, I should imagine.
@californiadreamin8423
@californiadreamin8423 Жыл бұрын
The pound has fallen 1.5% against the dollar and euro following Kwartengs mini budget. The markets know something Kwartengs doesn’t. EDIT: On Friday evening the pound had dropped, ( and stayed there ) , 4.94% against the dollar. 2.21% against the euro.
@sebastianguerre6868
@sebastianguerre6868 Жыл бұрын
The markets want certainty, they don't want wild cats. If you understand the laffer curve and Reaganomics then the government's policy makes sense. It would be a bigger risk to carry on the way we are. Having said that it could all go very badly. I guess we'll all find out in about 5 years unless the Conservatives lose the next general election.
@onlineonlineaccount2368
@onlineonlineaccount2368 Жыл бұрын
@California Dreamin...The pound was already falling its not like as if KK came on the scene and all of sudden the pound fell by 1.5%
@dibblerd986
@dibblerd986 Жыл бұрын
Not releasing the OBR forcast was a huge alarrm bell.
@eightiesmusic1984
@eightiesmusic1984 Жыл бұрын
@@dibblerd986 The Treasury has seen a draft of the OBR report according to The Guardian and it does not look good. They do not want it to be released officially which is why it was not commissioned because it will undermine their case- the numbers simply do not add up. The OBR has done a report anyway and no doubt it will leak in the next few days as the pound falls further. A run on the pound is very possible and there is talk of letters of no confidence going in about Truss as Prime Minister.
@californiadreamin8423
@californiadreamin8423 Жыл бұрын
@@onlineonlineaccount2368 At what rate was it falling before today ? You need to wake up. Channel 4 news shows in detail the effect on our economy and the adverse reaction of the markets. It is the taxpayer, that includes you, who will suffer.
@NosyFella
@NosyFella Жыл бұрын
Great timing
@ezeee595
@ezeee595 Жыл бұрын
Liz and Kwasi - the best comedy act since laurel and hardy!!! It is madness, reckless and thoughtlessly stupid
@gyaegyimienay3adwuma515
@gyaegyimienay3adwuma515 Жыл бұрын
Ur typical ignoramus!
@netyoda
@netyoda Жыл бұрын
@@gyaegyimienay3adwuma515 And you're a right wing racist moron? These incompetents have destroyed the UK.
@Esta-Beed
@Esta-Beed Жыл бұрын
@@gyaegyimienay3adwuma515 nope you have been proven to be ignorant 😊
@MosherMike
@MosherMike Жыл бұрын
I'm looking forward to see the result of this personally. It'll be interesting.
@sirxenon6855
@sirxenon6855 Жыл бұрын
What do you think of the result so far?
@Unknown-ol2uh
@Unknown-ol2uh Жыл бұрын
Well it was definitely interesting
@williamsmith9921
@williamsmith9921 Жыл бұрын
Running deficits of this magnitude will not work with the Money Printer set to OFF due to inflation constraints, rates will rise accordingly to clear market demand/supply, and the pound will depreciate. I guess at least Europe is also staring down similar demands on it's own bond markets heading into Winter so UK won't be alone in it's experiment, combined with a stubborn Bank of Japan, and a China with increasing pressure on the Yuan to devalue, the USD is a runaway safety train rn.
@allenpayne6893
@allenpayne6893 Жыл бұрын
This isn't Keynesian economics it's simply madness an abuse of Keynesian principles in reality a mad gamble at the roulette table at the worst possible time.
@Sbudre
@Sbudre Жыл бұрын
It's actually precisely what Keynes advocated for.
@markmoran916
@markmoran916 Жыл бұрын
@@Sbudre No it’s not....it’s the complete opposite. Are you sure you actually understand Keynes? 🙄
@Sbudre
@Sbudre Жыл бұрын
@@markmoran916 why don't you educate me?
@sterlingweston
@sterlingweston Жыл бұрын
its not Keynesian at all, and that's a good thing.
@sterlingweston
@sterlingweston Жыл бұрын
@Steve Aaron that's a good summary of Keynes. But interest rates will go up incentivising saving over spending, which is not very Keynesian, and Kwarteng is smart and most likely knew/wanter higher interest rates. Keynesian moneyary stimulus tends to lessen the short-term impact of recession, but heighten the long-term chance of a greater recession, because increased spending and artificially low interest rates curb the purging of Mal-investments built up in a business-cycle which occurs during a recession.
@crissieroserose
@crissieroserose Жыл бұрын
Well said Dame Margaret !!
@sextonblake4258
@sextonblake4258 Жыл бұрын
Good thing the weekend arrived when it did. A couple of days to calm things down might be all that stands in the way of the pound dropping right through parity
@mogznwaz
@mogznwaz Жыл бұрын
Good fur exports
@thekentishpilgrim
@thekentishpilgrim Жыл бұрын
What the hell was that? Looks like an ad paid for by the Kwasi for Chancellor campaign. BBC fail.
@keltiquewood
@keltiquewood Жыл бұрын
3:09 Oops - the markets didn't show much confidence in his mini budget last Friday - did they?!!!
@defaultdefault812
@defaultdefault812 Жыл бұрын
How does somebody with a degree in classics become a chancellor?
@trishtraynor
@trishtraynor Жыл бұрын
He's been on University Challenge....🤣🤣🤣
@defaultdefault812
@defaultdefault812 Жыл бұрын
@@trishtraynor so? What's that got to do with maths or economic modelling? Do you not think someone like an actuary or with a PhD in economic modelling would have more of an idea of what they were doing?
@Isewein
@Isewein Жыл бұрын
As it so happens, he has got a PhD in Economics...
@defaultdefault812
@defaultdefault812 Жыл бұрын
@@Isewein No. He has a PhD in economic HISTORY.
@vinay7397
@vinay7397 Жыл бұрын
He has Dunning-Kurger syndrome, he studied Greeks and Romans at Cambridge so he knows better than everyone else.
@julianshepherd2038
@julianshepherd2038 Жыл бұрын
Brexiteers "We knew what we were voting for."
@ivermektin6874
@ivermektin6874 Жыл бұрын
The gammons are probably happy with this.
@theSPUK901
@theSPUK901 Жыл бұрын
I’m not, he’s just trying save the status quo from collapse, if he can do that, I’d give him credit because it’s impossible
@sharonwashington8150
@sharonwashington8150 Жыл бұрын
Not me I never ever got that DESPERATE!!!!
@johnwhitson5923
@johnwhitson5923 Жыл бұрын
They may have known what they were voting for Julian but alas they never got it with the deal that Boris signed with the EU . He kept bragging that he got Brexit done but in reality it was the people of the UK that were done by him .
@gengrant5291
@gengrant5291 Жыл бұрын
Bullshit your way until the last sucker has no moves left. The empire's final nails being hammered in.
@sutats
@sutats Жыл бұрын
It always works out in the end.
@mackysplace
@mackysplace Жыл бұрын
So the team captain for Trinity is my old maths teacher! Ha!
@jakescott6927
@jakescott6927 Жыл бұрын
Ask him what he thinks of Kwarteng!
@stephenellis2866
@stephenellis2866 Жыл бұрын
Very impressive
@bd3199
@bd3199 Жыл бұрын
If you think this is a new policy experiment the US has tried this multiple times since Reagan became the first to do it in 1981. The Reagan administration did it and lowered the top tax rate from 70% to 50% in 1981. Then they went down from 50% to 28% in 1986. All it did was punch a big hole in the budget and government debt was tripled from 1981 to 1989. Then George W Bush did similar tax cuts in 2001 and 2003 with similar results. The Trump administration did the same in 2017 under the pretext that it would cause massive economic growth and that the tax cut would pay for itself and of course none of these predictions came true.
@eightiesmusic1984
@eightiesmusic1984 Жыл бұрын
Correct analysis. Even Thatcher waited until 1988 to reduce the top rate of tax for high earners from 60 to 40 pence in the pound.
@bd3199
@bd3199 Жыл бұрын
@@eightiesmusic1984 I was unaware and didn't know about any examples of massive tax cuts for the wealthy in the UK. I talked about examples in the US because I was more familiar with them. I'm not surprised that Thatcher also did large scale tax cuts. Didn't the Tory governments since 2010 try to repeat them?
@velcro8299
@velcro8299 Жыл бұрын
This guy is now a documentary.
@Arthur_King_of_the_Britons
@Arthur_King_of_the_Britons Жыл бұрын
The country can't physically pay back the money that Brown, Darling, Osborne, Hammond, Javid, Sunak, and Zahawi borrowed, so Kwarteng will just borrow more. So glad the adults are in charge
@lyndamccaffrey4957
@lyndamccaffrey4957 Жыл бұрын
Having regrets about who you voted for, Frosty?
@jamesclarke2789
@jamesclarke2789 Жыл бұрын
@@lyndamccaffrey4957 he didn't mention who he voted for
@Arthur_King_of_the_Britons
@Arthur_King_of_the_Britons Жыл бұрын
@@lyndamccaffrey4957 Why should I think that Labour would borrow less money when they have always advocated for more government borrowing and been right behind all of the disastrous Leftist policies like mass immigration, net zero, and nationwide Lockdowns of the tories?
@charleswhite758
@charleswhite758 Жыл бұрын
Sadly this is the Achilles Heel of democracy. No democratic government can win an election promising to increase taxes. At some point we will need an authoritarian government to restore the country to balance and common sense. Not particularly looking forward to that, but it's inevitable. We have been experimenting with full democracy only since the 1832 Reform Act and more exactly the Equal Franchise Act of 1928 that gave women the same voting rights as men. We are still in an experimental model. So how's it going so far? 🤔🤔
@thokozanembehle4177
@thokozanembehle4177 Жыл бұрын
I am inspired❤️
@gottfriedking
@gottfriedking Жыл бұрын
Any Ghanaian here? 😊
@SmokeyJ69
@SmokeyJ69 Жыл бұрын
All you politicians live in a bloody bubble
@jamessquare
@jamessquare Жыл бұрын
One can tell some of these women friends had a good time with him back in the old days.
@chaselee86
@chaselee86 Жыл бұрын
BBC
@malcolmhansford2989
@malcolmhansford2989 Жыл бұрын
Timing of these announcements clumsy , should have waited until this Friday after the Labour party conference. Just gave the Maxists a political weapon to use
@wlsn77
@wlsn77 Жыл бұрын
The country is buggered, smart money are fleeing the capital.
@cocos8903
@cocos8903 Жыл бұрын
Transfering of citizens wealth. Which they've been syphoning off for years by changing addresses. UK Judicial.....crickets.
@swampy1234
@swampy1234 Жыл бұрын
Probably the best time to be here is right now mate
@sojounourtruth2980
@sojounourtruth2980 Жыл бұрын
@@swampy1234 yup preferably walking along the sewage infested beaches
@honourthefire9182
@honourthefire9182 Жыл бұрын
Let them flee, much of it is dirty money anyway.
@mogznwaz
@mogznwaz Жыл бұрын
That’s weird because apparently this budget was all for them
@defmax29
@defmax29 Жыл бұрын
Ah The Classics. What better knowledge to have to run as chancellor.
@SoSo-li6dn
@SoSo-li6dn Жыл бұрын
with history
@buntyjoy1800
@buntyjoy1800 Жыл бұрын
Austerity 2 coming soon.
@josefserf1926
@josefserf1926 Жыл бұрын
"Keep those bank interest repayments going Kwasi, or you know what will happen. No one is irreplaceable."
@richardfardell3907
@richardfardell3907 Жыл бұрын
Making bold decisions. Easy when it's not your money you are gambling with.
@Scanini
@Scanini Жыл бұрын
The worst part is the EU WILL tax the power companies who in turn will pay that wind fall from our borrowing... Truss is off her rocker.
@SlowhandGreg
@SlowhandGreg Жыл бұрын
From the LSE you know those people that know a thing or two about economics Keeping tax low for the rich does not boost economy Major reforms reducing taxes on the rich lead to higher income inequality but do not have any significant effect on economic growth or unemployment, according to new research by LSE and King’s College London. Researchers say governments seeking to restore public finances following the COVID-19 crisis should therefore not be concerned about the economic consequences of higher taxes on the rich. The paper, published by LSE’s International Inequalities Institute, uses data from 18 OECD countries
@charleswhite758
@charleswhite758 Жыл бұрын
Income inequality ? Since when have we been a communist country so interested in equality? We need to be a meritocracy, where the capable float and the useless sink. Life isn't fair.
@kicka11
@kicka11 Жыл бұрын
Great to see some pompous guy, who studied classics, now wrecking the futures of our kids. I mean why have anyone with financial credentials? The analogy to the English reformation is one of the most embarrassing things I’ve ever heard.
@gerrytowie9618
@gerrytowie9618 Жыл бұрын
An oddball, just like Mogg and Johnson.
@pheoix
@pheoix Жыл бұрын
Watching this from the USA.... Either this guy will come out as a genius of the ages or send back England to the dark ages...
@Kira-ji5pr
@Kira-ji5pr Жыл бұрын
Dark ages it is…it’s not the guy, world took a wrong turn in 2020😢
@ageoflove1980
@ageoflove1980 Жыл бұрын
Why is this reporter at 02:30 talking to us like we are children? And why this really weird slow mo of this guys face at 03:03? Is anyone even reviewing this stuff before airing?
@joprocter4573
@joprocter4573 Жыл бұрын
Personality n quality
@jimmyjemal8802
@jimmyjemal8802 Жыл бұрын
Massive gamble which like Brexit I'll be shocked if it's works for Britain. A gamble the British public will pay for.
@gapjsampa
@gapjsampa Жыл бұрын
The beginninng of this video has Chopin's 19th prelude as background music. It does not get chiquer than that.
@alijojo6161
@alijojo6161 Жыл бұрын
His name sounds like the sound the falling pound makes on reaching the groundKWASI-KWERTANG!
@myworld8266
@myworld8266 Жыл бұрын
Greed - Arrogance - poor education - ignorance - and the ability to follow orders from his masters.
@lw1zfog
@lw1zfog Жыл бұрын
Ordo ab Chao
@bryanlee7295
@bryanlee7295 Жыл бұрын
Good luck Britain, see you soaring in another 100 years or so.
@cadenambrose837
@cadenambrose837 Жыл бұрын
Song name in the begning??
@himoffthequakeroatbox4320
@himoffthequakeroatbox4320 Жыл бұрын
Would you expect someone with a PhD in Art _History_ to be able to paint? As for his BA in classics, I'm sure knowing all about the olden days when men wore dresses is directly applicable to the job.
@hanawana
@hanawana Жыл бұрын
completely agree with Dame Margaret Hodge
@p.a.ch.3861
@p.a.ch.3861 Жыл бұрын
Dame Margaret Hodge said precisely correct about K. Kawteng. UK is not for him to play his ideal
@Woodzta
@Woodzta 4 ай бұрын
Outside of his humility of the mistakes from the market crash, he does seem like an honest, well meaning guy. It's easy to blame him for the economic issues faced considering his position, but his power was not limitless. It was a huge burden to undertake and he has been frank and direct in his reflections.
@African.Diaspora.InLondonUK
@African.Diaspora.InLondonUK Жыл бұрын
When did gambling in government become an official government department?
@johnchessant3012
@johnchessant3012 Жыл бұрын
and ... he's already gone. that was fast lmao
@problemsolverthinktank859
@problemsolverthinktank859 Жыл бұрын
This country has a class issue.
@johnchessant3012
@johnchessant3012 Жыл бұрын
Chopin, Prelude in E-flat major, Op. 28 No. 19
@Kassiusday
@Kassiusday Жыл бұрын
@John Chessant , Thank you ! well Nocturne is E flat major I am learning piano with that one : my preferred piece ever ! not sure if Chopin can help in this economic crisis !!
@eon7125
@eon7125 Жыл бұрын
Where do they find these people?
@mharbinson8952
@mharbinson8952 Жыл бұрын
I don't think the prime minister is worse as the bar was so low but I think the new cabinet is absolutely awful 😕
@MrAvocado575
@MrAvocado575 Жыл бұрын
Liz Truss forms most diverse Cabinet in history with no white males in top jobs For the first time, none of the Great Offices of State is held by a white man.
@eddiefriel1847
@eddiefriel1847 Жыл бұрын
Paul Donovan, the chief economist of UBS Global Wealth Management. “Advanced economy bond yields are not supposed to soar the way UK gilt yields rose,” he told clients. “This also reminds investors that modern politics produces parties that are more extreme than either the voter or the investor consensus. Investors seem inclined to regard the UK Conservative Party as a doomsday cult.”
@mariw1298
@mariw1298 Жыл бұрын
Totally agree with Dame Margaret. Bible says: Romans 13:8 "Owe no man anything . . . but love."
@GeorgeAAspros
@GeorgeAAspros Жыл бұрын
He reminds me of a certain character from The Wind in the Willows
@hasanchoudhury5401
@hasanchoudhury5401 Жыл бұрын
What a spectacular fiasco ! Sad for the British people.
@vincentrees4970
@vincentrees4970 Жыл бұрын
The last good Tory was Maggie Thatcher, and look how that turned out.
@stevelam5898
@stevelam5898 Жыл бұрын
Sort and swallow? That's what we were thinking in 2010 in Greece too.
@Esta-Beed
@Esta-Beed Жыл бұрын
Dame Margeret Hodge called him for what he is
@stevenhodgson4227
@stevenhodgson4227 Жыл бұрын
This hasn't aged well. And his degree was in hospitality management.
@rimarenblanc5133
@rimarenblanc5133 Жыл бұрын
I will never ever forgive this “intellectual” man
@ec7696
@ec7696 Жыл бұрын
God help us
@kitfrew9983
@kitfrew9983 Жыл бұрын
Oh dear, dear , dear.
@czgibson3086
@czgibson3086 Жыл бұрын
What drives him? Utter incompetence? Staggering ignorance? Mindless greed?
@nsambataufeeq1748
@nsambataufeeq1748 Жыл бұрын
glass cliff- used with reference to a situation in which a woman or member of a minority group ascends to a leadership position in challenging circumstances where the risk of failure is high.
@davidnichol6282
@davidnichol6282 Жыл бұрын
Kwasi kwarteng has the guile of a Mississippi gambler who devalued the pound. Was the party after or before the economic car crash in which many mortgages increased.
@1416edward
@1416edward Жыл бұрын
Wild analogy on the Reformation! A century of misery, anyone?
@JamesSmith-qs4hx
@JamesSmith-qs4hx Жыл бұрын
What you are seeing ladies and gentlemen, is the bell curve in action.
@xensonar9652
@xensonar9652 Жыл бұрын
Pseudoscience.
@onlineonlineaccount2368
@onlineonlineaccount2368 Жыл бұрын
@James Smith you think you are slick with your subliminal psuedo racial gibbirish. He someone who are you just a typical d***head behind your screen using typical alt-right/yte nationalionist rubbish propaganda. 🤣🤣 Did your girlfriend leave you for another man James ?
@martinobrien7110
@martinobrien7110 Жыл бұрын
There maybe trouble ahead . . . .
@StratsRUs
@StratsRUs Жыл бұрын
Think Tank
@d0palwh56
@d0palwh56 Жыл бұрын
Anyone know what Chopin piece this is?
@charleswhite758
@charleswhite758 Жыл бұрын
Two people grossly over-promoted beyond their true abilities. I think this government will be a disaster.
@richardfardell3907
@richardfardell3907 Жыл бұрын
It already is.
@MrAvocado575
@MrAvocado575 Жыл бұрын
on the bright side lets celebrate that "Liz Truss forms most diverse Cabinet in history with no white males in top jobs. For the first time, none of the Great Offices of State is held by a white man"
@georgesowerby193
@georgesowerby193 Жыл бұрын
He went from kings and queens college to the house of con men , he became upwardly mobile , it’s a tradition in some circle’s .
@FerraPizza
@FerraPizza Жыл бұрын
Is this an ad?
@goldfinga786able
@goldfinga786able Жыл бұрын
Did printing Patel let in the rss or hindutva far right extremist group that was behind the riots in Leicester
@cocos8903
@cocos8903 Жыл бұрын
Always.
@aarononeal9830
@aarononeal9830 Жыл бұрын
The bbc needs to talk about Ecosia they are a search engine that plants trees
@sagittariusa4855
@sagittariusa4855 Жыл бұрын
It’s like directly want to destroy us
@hiigara2085
@hiigara2085 Жыл бұрын
Greed.
@poultonreal
@poultonreal Жыл бұрын
Bank of England printing money again, GENIUS POLITICIAN. 🤜💩
@julianshepherd2038
@julianshepherd2038 Жыл бұрын
borrowing
@hoah
@hoah Жыл бұрын
@@julianshepherd2038 same difference. Interest up. Debt up.
@BleedingSnow
@BleedingSnow Жыл бұрын
History always on his mind and he goes for Trickle-Down economics, I genuinely ask as I'm ignorant to this myself, has that ever worked well?
@lw1zfog
@lw1zfog Жыл бұрын
Ordo ab Chao
@lorddavidlawrence
@lorddavidlawrence Жыл бұрын
I'm sick of Eton Mess.
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