Action against the government

Savedotmoney

Sorry, I’m not sure what forum this needs to go in.

This is a serious question, so don’t laugh.

Has any company looked in to legal action against the government for their actions in the mini-budget and the consequences of it?

JMA74

No. The mini budget accelerated the inevitable, it didn't cause it.
Low mortgage rates were already on an increasing trend and US rates were already much higher than UK. 
Energy prices going up wasn't mini budget related, and general cost of living crisis can't be pinned on it.  

singhini

Savedotmoney said:

Sorry, I’m not sure what forum this needs to go in.

This is a serious question, so don’t laugh.

Has any company looked in to legal action against the government for their actions in the mini-budget and the consequences of it?

That's the last thing we need, all of us paying more in taxes

housebuyer143

What does it achieve apart from more wasted tax payers money.

user1977

Have you ever heard of any sort of similar legal action? Well, there’s the answer to your question. You don’t get judicial reviews of Budgets.

dunstonh

Has any company looked in to legal action against the government for their actions in the mini-budget and the consequences of it?

What consequences?  
Some bits accelerated for a few weeks but the trend for a year was rising gilt yields and rising interest rates.

Trying to blame the events of 2022 on Liz Truss's Government would show a distinct lack of knowledge and understanding. 

Plus, can you imagine the court case arguing that there should be compensation as interest rates are lower under the Conservative Government than they were under the previous Labour Government and despite recent increases are still very much lower than the long-term average....

This is a serious question, so don’t laugh.

It is hard to take it seriously.

HobgoblinBT

Your “justice” opportunity comes round once every 5 years or possibly sooner, when you get to choose who, initially at least, gets to make decisions impacting all of us.

Savedotmoney

JMA74 said:

No. The mini budget accelerated the inevitable, it didn't cause it.
Low mortgage rates were already on an increasing trend and US rates were already much higher than UK. 
Energy prices going up wasn't mini budget related, and general cost of living crisis can't be pinned on it.  

You just hit the nail on the head, "accelerated the inevitable." If I was to take huge risks at work and they failed, I would be questioned on my actions but apparently, those we (not me) elect don't have to explain diddly squat, whilst your average working person now struggles to pay their bills. Granted inflation was always coming around but not at the rate that Liz decided to deliver it. Their actions led to financial distress which could have been mitigated by a slower-moving market as things gradually increased in price, instead they wiped billions off of the economy.

housebuyer143 said:

What does it achieve apart from more wasted tax payers money.

Might as well just let them do anything they want then?

Edi81

Wasn’t it the left wing economic establishment that caused it all  

Savedotmoney

Edi81 said:

Wasn’t it the left wing economic establishment that caused it all  

Caused what exactly?

singhini

Savedotmoney said:

JMA74 said:

No. The mini budget accelerated the inevitable, it didn't cause it.
Low mortgage rates were already on an increasing trend and US rates were already much higher than UK. 
Energy prices going up wasn't mini budget related, and general cost of living crisis can't be pinned on it.  

You just hit the nail on the head, "accelerated the inevitable." If I was to take huge risks at work and they failed, I would be questioned on my actions but apparently, those we (not me) elect don't have to explain diddly squat, whilst your average working person now struggles to pay their bills. Granted inflation was always coming around but not at the rate that Liz decided to deliver it. Their actions led to financial distress which could have been mitigated by a slower-moving market as things gradually increased in price, instead they wiped billions off of the economy.

housebuyer143 said:

What does it achieve apart from more wasted tax payers money.

Might as well just let them do anything they want then?

Savedotmoney said: If I was to take huge risks at work and they failed, I would be questioned on my actions
Yes (just like Liz Truss)

Savedotmoney said: Might as well just let them do anything they want then?
That's not what @ housebuyer143 implied (the sentiment is that its a waste of money and the funds could be better used). 

Savedotmoney said: Has any company looked in to legal action against the government for their actions in the mini-budget and the consequences of it?
Not to my knowledge 

@Savedotmoney
What would you do?