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-   -   Liz Truss Resigns [Who'll be the next Prime Minister?] (https://www.cableforum.uk/board/showthread.php?t=33711301)

Mr K 20-09-2022 20:02

Re: New Prime Minister: Liz Truss
 
Quote:

Originally Posted by Paul (Post 36134558)
She'll likely stay in power until the next election.

Great news for the opposition.

Dizzie Lizzie now says we wont even begin negotiations on a trade deal with the US for years It was all supposed to be so easy....
https://www.telegraph.co.uk/politics...de-deal-years/

Meanwhile UK plc goes down the pan. You get what you vote for.

Damien 20-09-2022 22:49

Re: New Prime Minister: Liz Truss
 
Stamp Duty looks to be cut alongside the NI cut, the corporation tax cut and the income tax cut.

Really quite a dramatic program of tax cuts and spending at the same time. Wasn't sure she could go though with it during the leadership campaign.

Ms NTL 21-09-2022 22:52

Re: New Prime Minister: Liz Truss
 
Quote:

Originally Posted by Damien (Post 36134600)
Stamp Duty looks to be cut alongside the NI cut, the corporation tax cut and the income tax cut.

Really quite a dramatic program of tax cuts and spending at the same time. Wasn't sure she could go though with it during the leadership campaign.

If she adds increasing the LTA, then that will be really great!

1andrew1 22-09-2022 12:36

Re: New Prime Minister: Liz Truss
 
Quote:

Originally Posted by Ms NTL (Post 36134670)
If she adds increasing the LTA, then that will be really great!

I don't know what the LTA is but what's increasing today is interest rates.
Quote:

The Bank of England (BoE) has hiked interest rates by a further 0.5 per cent, bringing it to 2.25 per cent, and indicated that the country is already in a recession.

The hike, the biggest since November 2008, is the BoE’s seventh in a row in a continued attempt to tame soaring prices and inflation. It takes borrowing costs to the highest level since the global financial crisis.
https://inews.co.uk/inews-lifestyle/...elated_stories

Sephiroth 22-09-2022 12:42

Re: New Prime Minister: Liz Truss
 

Pension Lifetime Allowance, I reckon.


Ms NTL 22-09-2022 15:48

Re: New Prime Minister: Liz Truss
 
Quote:

Originally Posted by Sephiroth (Post 36134695)

Pension Lifetime Allowance, I reckon.


That's correct!

Confirmed: NI increase 1.25% scrapped from 6-th of November.

Mr K 22-09-2022 21:00

Re: New Prime Minister: Liz Truss
 
Quote:

Originally Posted by Ms NTL (Post 36134709)
That's correct!

Confirmed: NI increase 1.25% scrapped from 6-th of November.

So the NHS and social care, which is what it was intended for, can go swing.

False economy folks paid for by borrowing, to be paid back by us all with interest later. Bleeding socialists.

Damien 23-09-2022 10:02

Re: New Prime Minister: Liz Truss
 
45% tax rate abolished.
Basic rate from 20% to 19%
NI rise cancelled.

jfman 23-09-2022 10:16

Re: New Prime Minister: Liz Truss
 
They've found the magic money tree.

papa smurf 23-09-2022 10:20

Re: New Prime Minister: Liz Truss
 
Did he mention pensioners? i may have nodded off.

Damien 23-09-2022 10:24

Re: New Prime Minister: Liz Truss
 
Quote:

Originally Posted by papa smurf (Post 36134758)
Did he mention pensioners? i may have nodded off.

No although they'll benefit from the 1% income tax cut if they have a private pension in addition to the state one.

Maggy 23-09-2022 10:25

Re: New Prime Minister: Liz Truss
 
Quote:

Originally Posted by Damien (Post 36134759)
No although they'll benefit from the 1% income tax cut if they have a private pension in addition to the state one.

If!

papa smurf 23-09-2022 10:29

Re: New Prime Minister: Liz Truss
 
i would have thought raising the standard Personal Allowance from £12,570, would have helped the poorest in society.

Damien 23-09-2022 10:30

Re: New Prime Minister: Liz Truss
 
Even it won't be much in terms of actual cash in the pocket i don't think unless you have a very good pension.

I am not sure they were ever likely to offer much though. Each year they maintain the triple-lock is a good one for pensioners really, that was almost at risk this year.

denphone 23-09-2022 10:41

Re: New Prime Minister: Liz Truss
 
Quote:

Originally Posted by jfman (Post 36134757)
They've found the magic money tree.

Strange how that suddenly appears in the last 2 years of the electoral cycle.;)


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