Will the new Prime Minister assist us in several ways?


So there is a suggestion from the Telegraph that the new Prime Minister may boost some of our finances and it would be fascinating if we can get a PM who will try to improve matters for all of us? In addition I would be delighted if the Prime Minister was willing to invite people to respond to the Proportional Representation so that at the next General Election which will probably take place in the next eight months that we are less challenged financially and we also get an opportunity for our votes to respond to our communities far better than has been the case for many years. In case anyone would like us to increase the prospects, it would be fantastic if we could sign this petition which is nearly 1000 signatures and we now need to raise it up to 10,000 in the next few weeks. The petition is available here https://petition.parliament.uk/petitions/619684 and its text is

Hold a referendum on changing the voting system to proportional representation

Hold a referendum on implementing proportional representation for General Elections. The current First Past The Post system is no longer fit for purpose, governments should be more accountable. A more balanced electoral system is needed to restore the integrity and accountability of Parliament.

Governments have run this country on party lines and have failed to uphold standards in public life. Major parties are able to use technology, the media and the current First Past The Post system to retain power and quash alternative opposition. The electorate needs Members in Parliament that represent them and their needs and wishes, to restore integrity and accountability. The only way to achieve this is a proportional representation electoral system.

And in terms of the Telegraph item which was written by Rachel Mortimer is available here and it begins with

Will a new prime minister boost your finances?

In the 29 days since Liz Truss and her former chancellor Kwasi Kwarteng delivered their bombshell mini-Budget, the finances of British households have been plunged into chaos.

The average mortgage rate has jumped by more than 40pc, some of Britain’s pension funds teetered on the edge of collapse, the pound plunged and there is now uncertainty over ­rising energy bills again.

Capital Economics, an analyst, has forecast that the impending recession will be deeper as a result of “the UK’s brief but disastrous flirtation with Trussonomics”.

When the new prime minister is named next week, he or she will have quite the in-tray. The new leader faces sky-high inflation, crippling energy bills, rising interest rates and a vulnerable property market – not to mention a £34bn black hole in the public finances.

The promise of a new resident of No 10 has already gone some way to improving the outlook after markets had spent weeks crying out for a change of leadership. They rallied in the immediate aftermath of Ms Truss’s resignation and the yield on 10‑year gilts, which rises when investors are nervous, had fallen to 3.9pc at the time of writing – down from 4.2pc a week ago.

Some confidence had already been regained as a result of the emergency intervention by the new Chancellor, Jeremy Hunt, to undo the majority of his predecessor’s tax cuts.

About ianchisnall

I am passionate about the need for public policies to be made accessible to everyone, especially those who want to improve the wellbeing of their communities. I am particularly interested in issues related to crime and policing as well as health services and strategic planning.
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