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Last 50 tweets from @PippaCrerar
Liz Truss and Kwasi Kwarteng are exactly three weeks into the job…
Withering from the IMF on Truss’ economic plans. Warns against stoking inequality and calls for the government to rethink its plans. pic.twitter.com/Kjbi4sWAZq
 
 
In reply to @PippaCrerar
Really hope you win @PippaCrerar
 
Pippa Crerar Retweeted ·  
💥 IMF openly criticises Truss 🇬🇧 policy

"Given elevated inflation pressures in many countries, including the UK, we do not recommend large and untargeted fiscal packages at this juncture, as it is important that fiscal policy does not work at cross purposes to monetary policy."
 
Hold onto your hats! First signs of friction between Liz Truss and Kwasi Kwarteng over the tanking pound are starting to emerge - story by @rowenamason theguardian.com/politics/2022/…
 
The decision to pay Liz Truss’s new chief of staff Mark Fullbrook through a private company has been dropped.
theguardian.com/politics/2022/…
 
Labour source says her remarks were "clearly totally inappropriate".
New: I'm told Rupa Huq has been administratively suspended from the Labour party and therefore lost the whip.

 
Snap analysis: Keir Starmer finished his speech with: "As in 1945, 1964, 1997, this is a Labour moment". For the first time in years, the party actually looks and sounds like a govt-in-waiting. There will be difficult times ahead, but he took a big step forwards today.
 
NEW: Huw Pill, BoE chief economist, warns of interest rate rises following Kwasi Kwarteng’s (not very mini) budget.

“Hard not to draw conclusion that this will require significant monetary policy response."
 
Keir Starmer says Brexit is a “totemic symbol” of Tory failures to grasp the nettle.

“I want to speak directly to people who left Labour on this issue. Whether you voted Leave or Remain, you’ve been let down.”
Replying to @PippaCrerar
He adds: “It’s no secret I voted Remain - as the Prime Minister did”.
 
Keir Starmer says Brexit is a “totemic symbol” of Tory failures to grasp the nettle.

“I want to speak directly to people who left Labour on this issue. Whether you voted Leave or Remain, you’ve been let down.”
 
Keir Starmer warns members to be realistic: “We have to be honest. I’d love to stand here and say Labour will fix everything. But the damage they’ve done - to our finances and public services - means this rescue will be harder than ever”.
 
🏠Starmer announces new Labour target of 70% home ownership - with “no more buy-to-let landlords or second homeowners getting in first”.
 
Keir Starmer refers to @guardian story about Liz Truss’s remarks on British workers needing “more graft”.

“We’re not going to take this. This is the fight… They’re the ones not prepared to graft. They’re the ones not prepared to do the hard yards on growth. But we will”.
 
🚨Keir Starmer announces that he would set up a publicly owned Great British Energy within first year of Labour government. “British power to the British people”.
 
Starmer paints a picture of his first term Labour government.

“People are starting to raise their sights. Believe in Britain again. Britain is fairer. People feel they can get on… Look forward with hope, again”.
 
Starmer says he’s “not going to stand here and pretend” the Ukraine conflict is not immediate spark of cost of living crisis.

But adds: “I will never accept that ear is an excuse for how unprepared Britain was to tackle the fall-out”.
 
Keir Starmer talks about Labour having to restore sense of “collective hope” rather than being “left cowering in a brace position”.

He adds: “It’s time for Britain to stand tall again. To believe in ourselves again. And to get our future back”.
Replying to @PippaCrerar
He says an “unwritten contract” is broken - where in return for hard work, you get on. “That’s the deep cost of Labour failure. They keep talking about aspiration, but they don’t understand how they’ve choked it off for working people”.
 
Keir Starmer talks about Labour having to restore sense of “collective hope” rather than being “left cowering in a brace position”.

He adds: “It’s time for Britain to stand tall again. To believe in ourselves again. And to get our future back”.
 
Starmer attacks Tories for “losing control” of British economy. “Not for you, not for working people, but for the richest 1%. Don’t forget, don’t forgive.”
Replying to @PippaCrerar
Starmer tells conference that having lectured Labour about “fixing the roof when the sun was shining”, the Tories had “ripped out the foundations, smashed the windows and blown the doors off for good measure”.
 
Starmer attacks Tories for “losing control” of British economy. “Not for you, not for working people, but for the richest 1%. Don’t forget, don’t forgive.”
 
Labour’s Keir Starmer kicks off his party conference speech to packed hall in Liverpool…
 
In which direction?
 
Hedge fund manager Crispin Odey - Tory donor & Kwasi Kwarteng's ex-boss - describes fall in pound as "helpful" after sterling hit record lows on Monday & his bets against gilts as “the gifts that keep on giving” Astonishing interview by @journofletcher
ft.com/content/d54b49…
 
Thrilled to have been nominated for Journalist of the Year and Scoop of the Year for our #Partygate stories by @londonpressclub - best of luck to all my brilliant colleagues also shortlisted.
Press Club Award Shortlists announced - mailchi.mp/54b56a6a4bf4/p… Shortlists for the 2022 London Press Club Awards have been announced. pic.twitter.com/u7NWS5JNdK
 
.@PippaCrerar, formerly of this parish and Official Party Pooper to Boris Johnson, has been nominated for journalist of the year by the London Press Club. I for one will hold a party, legal or otherwise, if she wins.
 
👀”Who cares if sterling crashes”
On the night of the Brexit vote, Kwasi Kwarteng turned up at Groucho, where I was reporting for Londoner's Diary. The £ had gone into freefall against the $. I overheard him on his phone outside. exuberant: "Who cares if sterling crashes, it'll come back anyway." Who does care?
 
Pippa Crerar Retweeted ·  
Odd to see free marketeers urging a free market government to ignore the markets
 
The heir to Blair? Keir Starmer will describe Labour as the “political wing of the British people” in his speech today as he accuses Tories of losing control of economy and ceding centre ground. 🌹 theguardian.com/politics/2022/…
 
Tuesday’s @guardian front page: Sterling crisis deepens as Truss’s strategy unravels theguardian.com/business/2022/…
 
Tory MPs furious with Liz Truss and Kwasi Kwarteng as pound crashes - ⁦@rowenamason⁩ & ⁦@breeallegretti⁩ report.

“There will come a time when people have to say: ‘I know it’ll make us look chaotic, but we can’t go on like this’,” one says. theguardian.com/politics/2022/…
Tory MPs furious with Liz Truss and Kwasi Kwarteng as pound crashes
theguardian.com
 
This @YouGov poll is staggering… (though almost certainly overstating case).

It shows Labour has 17 point lead over Tories, the biggest since 2001.

Six in 10 voters think Kwarteng's budget was unfair - worst rating of any fiscal event since 2010 thetimes.co.uk/article/labour…
Replying to @PippaCrerar
Tory source tells @oliver_wright et al: “If your plan is unpopular with the markets but popular with voters, then that’s an okay place to be. But if you’ve spent all this money and it’s unpopular with everyone, then that is very dangerous.”
 
This @YouGov poll is staggering… (though almost certainly overstating case).

It shows Labour has 17 point lead over Tories, the biggest since 2001.

Six in 10 voters think Kwarteng's budget was unfair - worst rating of any fiscal event since 2010 thetimes.co.uk/article/labour…
 
Labour's @RachelReevesMP says waiting until Nov for govt's response to economic crisis is "not an option" - and calls on Kwarteng to rethink mini-budget plans.

Shad chancellor says it's "unprecedented and a damming indictment" that BoE has had to step in to reassure markets.
Kwarteng announces he'll set out his "medium term fiscal plan" on November 23 - with new details of fiscal rules and publication of OBR targets.

That's *eight weeks* away.
 
Pippa Crerar Retweeted ·  
Bank of England statement after fall in sterling - will "make a full assessment at its next scheduled meeting" ie. November.

Perhaps key is that the Bank will "not hesitate to change interest rates by as much as needed"

- Markets are pricing rates above 5% by February...
 
Kwarteng announces he'll set out his "medium term fiscal plan" on November 23 - with new details of fiscal rules and publication of OBR targets.

That's *eight weeks* away.
Replying to @PippaCrerar
Government pressing ahead with Kwarteng/ Truss deregulation plans. HMT: "We will announce further supply side growth measures in Oct and early Nov, incl changes to planning system, business regs, childcare, immigration, agricultural productivity, and digital infrastructure."
 
Kwarteng announces he'll set out his "medium term fiscal plan" on November 23 - with new details of fiscal rules and publication of OBR targets.

That's *eight weeks* away.
 
Pippa Crerar Retweeted ·  
This article is doing the rounds among Sunak-supporting Tory MPs…
 
The pound is now trading *higher* than it was last night. pic.twitter.com/siwLTcTBLP
Replying to @tomhfh
Because they’re expecting action from the Bank of England
 
Labour's @RachelReevesMP announces reversing 45p rate cut will pay for big boost to NHS staffing

👩‍⚕️ double number of new district nurses a year
❤️‍🩹 train more than 5,000 new health visitors
🏥create 10,000 extra nursing & midwife places
🩺 major expansion of medical school places
 
Rachel Reeves announces she would set up an Obama-style National Economic Council to bring together industry and trade unions to devise economic policy.
Replying to @PippaCrerar
Big cheers for Reeves on this: "Labour will not waver in our commitment to fiscal responsibility. Every policy & every line in our manifesto will be carefully costed & fully funded. It's becoming clearer by the day Labour is the party of economic responsibility & social justice"
 
Rachel Reeves announces she would set up an Obama-style National Economic Council to bring together industry and trade unions to devise economic policy.
 
Shadow chancellor @RachelReevesMP tells of meeting a constituent last April whose hands were "purple and freezing cold" when she shook them.

"As energy bills and inflation rise even higher, I often think of her. That is the stark reality facing people all around our country".
Replying to @PippaCrerar
Reeves, who says she will be Britain's first green chancellor, criticises lack of government action on renewables, nuclear, insulation, gas storage facilities. "These are the consequences of a 12 year experiment in unilateral energy disarmament".
 
Shadow chancellor @RachelReevesMP tells of meeting a constituent last April whose hands were "purple and freezing cold" when she shook them.

"As energy bills and inflation rise even higher, I often think of her. That is the stark reality facing people all around our country".
 
Which would mean the Tories having five PMs in just over 6 years #chaoswith
Fury from a Tory MP who says talk of no confidence letters going in is not misplaced.

"My colleagues will rule nothing in and rule nothing out," they say.

"There will come a time where people have to say ‘I know it’ll make us look chaotic, but we can’t go on like this."
 
Very excited to become deputy political editor - can’t wait to get cracking with this top team 👇
Replying to @HarriLine
Congratulations, Harriet!
 
Pippa Crerar Retweeted ·  
🚨NEW - Louise Haigh, Labour’s shadow transport minister, will announce Labour is to renationalise the railways. Big win for Haigh who has campaigned hard internally for this.
 
Pippa Crerar Retweeted ·  
As we revealed a few weeks ago, privileges committee has drawn up a rebuttal to Lord Pannick - now published

They say his legal advice "is founded on a systemic misunderstanding of the parliamentary process and misplaced analogies with the criminal law".

 
Pippa Crerar Retweeted ·  
After what happened with the £ on Friday, dropping heavy hints over the weekend that there were more tax cuts to come came with risks.
 
Monday’s @guardian front page: Starmer: I will reinstate 45p tax to back public services theguardian.com/politics/2022/…
 
 
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