'The Government should stick with its economic growth approach - and not U-turn'

Chancellor of the Exchequer Kwasi Kwarteng, holding documents for the Growth Plan 2022. Issue date: Thursday September 29, 2022. - Aaron Chown/PA
Chancellor of the Exchequer Kwasi Kwarteng, holding documents for the Growth Plan 2022. Issue date: Thursday September 29, 2022. - Aaron Chown/PA

The past week has seen the world turn its attention to the UK economy as the pound fell to its lowest ever value against the dollar.

The Labour Party conference and Giorgia Meloni’s victory as Italy's first female prime minister were among the other biggest talking points this week.

Below we showcase some of the most eagerly discussed talking points from Telegraph readers in the comments section, Letters page, Politics WhatsApp group and the Front Page newsletter.

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Pound hits all time low

The fall of the pound to its lowest ever value against the dollar following the Government’s tax-slashing Budget gave rise to concerns of an old-fashioned sterling crisis. It prompted a wave of shock interventions from the International Monetary Fund and rating agency Moody’s, as well as a £65 billion emergency bailout by the Bank of England on Wednesday.

Readers are largely in agreement with Andrew Lilico that the sterling panic-mongers should be ignored and that the Government should continue with its approach; while some share their concerns given the increasing pressure.

Read more on how Telegraph readers react to the International Monetary Fund's rare intervention on the UK's economic policy, here.

Labour Party conference

While the Tories were battling with the falling pound, the Labour Party’s annual conference got underway in Liverpool. Four days of discussion and voting saw the Party vow to scrap the Rwanda plan, reinstate the 45 per cent top rate of income tax, renationalise railways and pledge a new nationalised ‘Great British Energy’ supplier.

The majority of readers argue that, unlike Liz Truss’s government, Labour’s policies lack change with many insisting Labour remains unelectable.

Giorgia Meloni’s victory

Giorgia Meloni made history after her Party, Brothers of Italy, won the largest vote share in Italy’s elections on Sunday, meaning she is set to become the country’s first female leader.

Despite being criticised as a leader of a party with neo-fascist roots, many readers joined with Allison Pearson in denouncing such criticisms by arguing that she represents mainstream Conservative values that millions of people share. Others hailed the result, deeming her populist triumph as a direct challenge to the authority of unelected Eurocrats.


What are your thoughts on the topics of the week? Join the conversation in the comments section below