Cable Forum
Page 20 of 110 « First 1016171819 20 212223243070 Last »
Show 100 post(s) from this thread on one page

Cable Forum (https://www.cableforum.uk/board/index.php)
-   Current Affairs (https://www.cableforum.uk/board/forumdisplay.php?f=20)
-   -   Liz Truss Resigns [Who'll be the next Prime Minister?] (https://www.cableforum.uk/board/showthread.php?t=33711301)

daveeb 23-09-2022 10:54
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36134763)
Strange how that suddenly appears in the last 2 years of the electoral cycle.;)
That's always the time they seem to start watering it :rolleyes:

jfman 23-09-2022 10:56
Re: New Prime Minister: Liz Truss
 
“Politically toxic and economically dubious” - one Conservative MP.

:rofl:

denphone 23-09-2022 10:59
Re: New Prime Minister: Liz Truss
 
And they call the Conservatives the party of economic competence.

If any other political party did this they would be crucified by large parts of the media.

denphone 23-09-2022 11:04
Re: New Prime Minister: Liz Truss
 
And the pound is falling. fast.

Damien 23-09-2022 11:06
Re: New Prime Minister: Liz Truss
 
The pound was already weak. I noticed it the other day trying to buy something in dollars.

noel43 23-09-2022 11:15
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.
But the rich Will get a 46p tax cut.

jonbxx 23-09-2022 11:17
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36134770)
And the pound is falling. fast.
On the other side, gilts yields are going up fast, increasing the cost of borrowing for the government - https://markets.ft.com/data/bonds/te...mmary?s=UK10YG

Yikes

Pierre 23-09-2022 11:20
Re: New Prime Minister: Liz Truss
 
It's a bonanza.

---------- Post added at 11:20 ---------- Previous post was at 11:20 ----------

Quote:
Originally Posted by noel43 (Post 36134772)
But the rich Will get a 46p tax cut.
How do you work that out?

Damien 23-09-2022 11:22
Re: New Prime Minister: Liz Truss
 
I am surprised they didn't rise the 40% threshold. I thought that would be ahead of the dropping of the 45% rate. It would help a lot more people in the middle.

noel43 23-09-2022 11:31
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Pierre (Post 36134774)
It's a bonanza.

---------- Post added at 11:20 ---------- Previous post was at 11:20 ----------



How do you work that out?
Because they are abolishing the upper tax bracket for anyone earning more than £150,000.

GrimUpNorth 23-09-2022 11:35
Re: New Prime Minister: Liz Truss
 
So we've tried levelling up which didn't work now we're trying trickle down and all that's happening is the richest are still getting richer. All Liz has shown is whether up or down whatever the Conservatives call it their aim is to increase the wealth of the wealthy at the expense of everyone else.

Anything traded in $'s is going to cost more so any marginal tax break enjoyed by the masses will be swallowed up in the increased cost of living.

1andrew1 23-09-2022 11:44
Re: New Prime Minister: Liz Truss
 
1 Attachment(s)
Guide here. Not sure many of us will need more than the first few lines. ;)

https://www.cableforum.uk/board/atta...5&d=1663929848

Source: https://www.ft.com/content/3a0c52cd-...c-01fe7cd4e89e
"Kwasi Kwarteng scraps top rate of income tax in £45bn package of cuts"

1andrew1 23-09-2022 11:50
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Damien (Post 36134771)
The pound was already weak. I noticed it the other day trying to buy something in dollars.
As Den says, it's even weaker today. The markets think we're over-leveraged.

I thought this concerning!
Quote:
The additional [£72bn] borrowing is far more expensive for the government than previously, with the two-year cost of borrowing rising to 3.9 per cent from 0.4 per cent a year ago.

jfman 23-09-2022 12:09
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36134782)
As Den says, it's even weaker today. The markets think we're over-leveraged.

I thought this concerning!
But… but… Gordon Brown…. Gold reserves….

:rofl:

Pierre 23-09-2022 13:00
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by noel43 (Post 36134778)
Because they are abolishing the upper tax bracket for anyone earning more than £150,000.
Help me out as I'm not great with numbers, Which is 5%. How does that equate to a 46p tax cut?


All times are GMT +1. The time now is 14:52.
Page 20 of 110 « First 1016171819 20 212223243070 Last »
Show 100 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
All Posts and Content are © Cable Forum