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

1andrew1 29-09-2022 18:48
Re: New Prime Minister: Liz Truss
 
For someone so bright to mess up so badly, I can only conclude that it's 100% intentional.

Truss must be trying to wreck a liberated Brexit Britain as she did not like the democratic result of the electorate in 2016.

She must be scheming to enable a successor government to more easily take the UK back into the stifling clutches of the corrupted EU. :D

OLD BOY 29-09-2022 19:15
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36135405)
You posted

So you’ve now had something that is available next month? :confused:
I didn’t say I’d pocketed it. I have had my bill and it shows my discount on it.

If that’s so difficult to understand, no wonder you don’t get the Truss strategy.

GrimUpNorth 29-09-2022 19:29
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36135368)
So you’ve already had the rebate and energy subsidy don’t come into effect until next month?

https://helpforhouseholds.campaign.g...E&gclsrc=aw.ds
Maybe he missed the embargo date on the latest party briefing notes???

Sephiroth 29-09-2022 19:30
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135423)
I didn’t say I’d pocketed it. I have had my bill and it shows my discount on it.

If that’s so difficult to understand, no wonder you don’t get the Truss strategy.
My new British Gas bill shows the discount as a deduction on the Unit Rate.

---------- Post added at 19:30 ---------- Previous post was at 19:30 ----------

Quote:
Originally Posted by GrimUpNorth (Post 36135425)
Maybe he missed the embargo date on the latest party briefing notes???
So there!

Hugh 29-09-2022 19:32
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135423)
I didn’t say I’d pocketed it. I have had my bill and it shows my discount on it.

If that’s so difficult to understand, no wonder you don’t get the Truss strategy.
But bills are in arrears - how can you have had a discount for next month?

For example, my statement date is 25 Sep 2022 and the statement period is 24 Aug 22 - 24 Sep 22, and there is no Credit on that bill, so unclear how you could have a credit for something that you haven’t been billed for yet, and that doesn’t start until 1st October?

Supplier is Shell Energy.

papa smurf 29-09-2022 19:53
Re: New Prime Minister: Liz Truss
 
Energy discount envy alert

jfman 29-09-2022 19:56
Re: New Prime Minister: Liz Truss
 
How low can she go? What growth creating policies can we look forward to at conference? Civil Service cuts? NHS privatisation? :rofl:

It turns out macroeconomic policy developer by an Oxbridge student who has lived off Daddy’s paycheck who did work experience at a think tank is a bad idea.

Ms NTL 29-09-2022 20:24
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Pierre (Post 36135341)
Apart from cutting the 45% rate, I'm struggling to see what else about the mini-budget was so abhorrent? that everybody is losing their minds over.
Nothing really. The bonus cap removal for the bankers was well deserved. The NI cut was spot on, NHS does not need the money as it gets £350 million surplus from EU per week. Additionally, the energy companies are entitled to their profits, as they explore the planet for fossil fuels and they just follow the market prices.

The disappointment is that she did not remove the LTA (what is £1.03 million pension nowadays?) and the inheritance tax (flats in London are around 1 million, even commie Corbyn has one close to 2mil)

irony-not sarcasm

Dave42 29-09-2022 21:37
Re: New Prime Minister: Liz Truss
 
33% lead for Labour aye Truss is doing great NOT even OB will come to reality sometime

RichardCoulter 29-09-2022 22:02
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Damien (Post 36135357)
The energy package isn't what caused the panic. It was the tax cuts. The Government is telling lenders that they're going to continue to borrow money, even more money in fact, but they're also going to cut their income steam without any mention of cutting their spending. They're also saying they're not going to bother showing them any forecasts, budgets or plans on how that works in practice.

The result for the poorest isn't great because they're not actually getting much money back and the subsequent inflation will push living costs higher anyway. The Government didn't actually do anything that'll tackle inflation other than the energy cost freeze in that mini-budget which is why people expect the BoE to increase interest rates.

No one is saying you need austerity. They're saying you need a competent plan. The Government could have announced a big spending stimulus package and it might have worked had it been a cost to have 'x' impact over 'x' time giving confidence to the people buying Government debt that they were in control.

If anything Truss is now going to feel forced into spending cuts to explain away her tax cuts.
It's looking like the usual benefit & pension upratings will not take place next April to pay for the tax cut for those earning over £155,000.

https://www.cableforum.uk/board/show...92770&page=179

Mr K 29-09-2022 22:07
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by RichardCoulter (Post 36135448)
It's looking like the usual benefit & pension upratings will not not take place next April to pay for the tax cut to those earning oner £150,000.
Fair enough I guess. Heating swimming pools, paying for Pandora's horse, and Quentin's gap year in the Seychelles, costs.

Think before you vote next time folks.

RichardCoulter 29-09-2022 22:27
Re: New Prime Minister: Liz Truss
 
A crucial seat for Labour & the Tories is the Colne Valley. A member of the Slaithwaite local facebook group wrote to their sitting Tory MP Jason McCartney

As many people were thinking that they could use as much energy as they wanted after the amount of the price cap, she requested that he raised the problem of confusion with what the energy cap actually means be addressed.

He emailed back, totally ignored her request and went on a rant about the media & Keir Starmer!

It's caused outrage in the group, even amongst some that are Tory voters. The general feeling is that he no longer cares as he knows he'll be ousted at the next election.

Apparently, he's a former BBC journalist and has had training in social media!

Itshim 29-09-2022 22:29
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by RichardCoulter (Post 36135448)
It's looking like the usual benefit & pension upratings will not take place next April to pay for the tax cut for those earning over £155,000.

https://www.cableforum.uk/board/show...92770&page=179
Quote:
Originally Posted by Sephiroth (Post 36135426)
My new British Gas bill shows the discount as a deduction on the Unit Rate.

---------- Post added at 19:30 ---------- Previous post was at 19:30 ----------



So there!
Edf are paying money to account that the DD comes from:shocked: never thought I would think about voting Labour but this bunch of idiots have made me think again

Hugh 29-09-2022 22:37
Re: New Prime Minister: Liz Truss
 
1 Attachment(s)
This is from HM Treasury, extolling the virtues of the latest mini-budget

https://www.cableforum.uk/board/atta...1&d=1664487043

The £11,250 Stamp Duty saving is based on the "average" terraced house price of around £600,000 (in London).

Sounds really good, except for one small question - how would someone on a salary of £30,000 afford a £600,000 house?

A 25-year mortgage of £600k at 4% interest would cost £3167 per month (£38,000 per year) from a take home pay of £2,000…

1andrew1 29-09-2022 23:12
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135423)
If that’s so difficult to understand, no wonder you don’t get the Truss strategy.
You would need to be a sandwich short of a lunch box to get the :dunce: Truss :dunce: strategy.

Mr K 29-09-2022 23:25
Re: New Prime Minister: Liz Truss
 
Oops...
https://mobile.twitter.com/YouGov/st...24255718166532
Quote:
Our latest VI poll has Labour with a *33pt* lead over the Tories, the highest of any recorded poll since the late 1990s. (Fieldwork 28-29 Sep)

Con: 21% (-7 from 23-25 Sep)
Lab: 54% (+9)
Lib Dem: 7% (-2)
Green: 6% (-1)
Reform UK: 4% (+1)
SNP: 5% (+1)

1andrew1 29-09-2022 23:43
Re: New Prime Minister: Liz Truss
 
She's probably more popular on the continent now than she is in the UK!
Quote:
Liz Truss to attend inaugural meeting of new European political group

Prime minister’s move seen as a step in repairing relations with the EU after Brexit

UK prime minister Liz Truss will next week join the inaugural meeting of a new European grouping proposed by French president Emmanuel Macron to bolster regional co-operation in the face of Russian aggression.

The move by Truss marks a significant attempt by her to repair strained UK relations with the EU, and will also be seen as an olive branch to Macron.

Truss will join a meeting of the group, dubbed the European Political Community, in Prague on October 6, in spite of the financial chaos engulfing her fledgling government.

She was persuaded to go to the event — the first time the UK has engaged formally in a summit which will include all the 27 EU leaders since Brexit took full effect — after being convinced the new group had a valuable role to play.
https://www.ft.com/content/98fb0e93-...4-310ff1f28042

ianch99 29-09-2022 23:55
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Sephiroth (Post 36135395)
Why drag up his 2017 remarks? And with such emphasis.
Because he is a hypocrite; he has in the past sold the UK out when pretending he is all about Brexit Britain and now he is wheeled out to gaslight us, trying to convince us the sky is green, really?

He is yesterday's politician, desperately trying to be relevant in today's world and failing miserably. His time is over, he just needs to accept this and move back into obscurity.

1andrew1 30-09-2022 00:04
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Dave42 (Post 36135446)
33% lead for Labour aye Truss is doing great NOT even OB will come to reality sometime
I imagine it will be "Wait until the S̶u̶e̶ ̶G̶r̶a̶y̶ sorry OBR report." :D

RichardCoulter 30-09-2022 01:12
Re: New Prime Minister: Liz Truss
 
Even the Daily Mail have turned on Truss with a sarcastic headline about her delusions that she's Thatcher 2.0. It alludes to 'The lady's not for turning' and then goes into detail about the problems that she's causing.

Pierre 30-09-2022 07:51
Re: New Prime Minister: Liz Truss
 
The pound back up to 1.12 against the dollar, thank god all the MSM commentators are talking about it or I’d never have known.

OLD BOY 30-09-2022 08:31
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36135429)
But bills are in arrears - how can you have had a discount for next month?

For example, my statement date is 25 Sep 2022 and the statement period is 24 Aug 22 - 24 Sep 22, and there is no Credit on that bill, so unclear how you could have a credit for something that you haven’t been billed for yet, and that doesn’t start until 1st October?

Supplier is Shell Energy.
The credit is to my direct debit payment, the first of which will be taken in October 2022. Is that clearer for you?

---------- Post added at 08:31 ---------- Previous post was at 08:21 ----------

Quote:
Originally Posted by Dave42 (Post 36135446)
33% lead for Labour aye Truss is doing great NOT even OB will come to reality sometime
This fuss is all because the numbers relating to how the debt will be paid have not been produced yet, due to the necessity to reassure people about their energy bills without delay. The media and the opposition did a very good job at panicking people, didn't they?

The figures will be produced by November, the OBR can rake over the numbers and the public will start to realise that all this fuss was unnecessary and they will live to see another summer.

Then the retribution will start as to why all that stress was created unnecessarily. Labour should make the most of these days of popularity. In the end, the opinion poll ratings will be seen as a mid-term bubble.

1andrew1 30-09-2022 08:32
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Pierre (Post 36135466)
The pound back up to 1.12 against the dollar, thank god all the MSM commentators are talking about it or I’d never have known.
You should read The Guardian - it's making news there.
https://www.msn.com/en-gb/money/othe...86e6bfb2dfd97d

papa smurf 30-09-2022 08:35
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Pierre (Post 36135466)
The pound back up to 1.12 against the dollar, thank god all the MSM commentators are talking about it or I’d never have known.
As far as i can see most of the worlds currencies are down against the dollar, what's the fascination with the quid and a piffling tax reduction.

1andrew1 30-09-2022 08:46
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135467)
This fuss is all because the numbers relating to how the debt will be paid have not been produced yet, due to the necessity to reassure people about their energy bills without delay. The media and the opposition did a very good job at panicking people, didn't they?

The figures will be produced by November, the OBR can rake over the numbers and the public will start to realise that all this fuss was unnecessary and they will live to see another summer.

Then the retribution will start as to why all that stress was created unnecessarily. Labour should make the most of these days of popularity. In the end, the opinion poll ratings will be seen as a mid-term bubble.
Fake news alert #1
The OBR did offer to produce the numbers. See here. This was even flagged before the fateful mini budget! See here.

Fake news alert #2
The government has only agreed for the figures to be produced on 23rd November not in October. Many wiser souls in the party have requested they are produced earlier and hopefully Truss will perform a u-turn on this soon. See here

If a loyal defender of Truss like you has to resort to dreaming up facts, it doesn't inspire me with confidence on her performance!

Hugh 30-09-2022 09:35
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135467)
The credit is to my direct debit payment, the first of which will be taken in October 2022. Is that clearer for you?

---------- Post added at 08:31 ---------- Previous post was at 08:21 ----------



This fuss is all because the numbers relating to how the debt will be paid have not been produced yet, due to the necessity to reassure people about their energy bills without delay. The media and the opposition did a very good job at panicking people, didn't they?

The figures will be produced by November, the OBR can rake over the numbers and the public will start to realise that all this fuss was unnecessary and they will live to see another summer.

Then the retribution will start as to why all that stress was created unnecessarily. Labour should make the most of these days of popularity. In the end, the opinion poll ratings will be seen as a mid-term bubble.
Much clearer, thank you - you’ve now had a monthly £66 government rebate on your bill that you’re going to get next month.

Thanks for the clarification…

RichardCoulter 30-09-2022 09:58
Re: New Prime Minister: Liz Truss
 
https://www.thesun.co.uk/tv/19952164...box=1664458272

Damien 30-09-2022 10:04
Re: New Prime Minister: Liz Truss
 
Looks like it will be benefits targetted to pay for the tax cuts: https://www.standard.co.uk/news/poli...-b1028934.html

Hugh 30-09-2022 11:00
Re: New Prime Minister: Liz Truss
 
Interesting (imho) article about Trussonomics from the Spectator earlier this month (before Truss became PM).

https://12ft.io/proxy?q=https://www....eginners-guide

Quote:
Speaking to Truss’s most trusted economists, it’s clear that their perspective on the deficit has shifted substantially over the past decade. The free-market narrative after the financial crash was that cheap borrowing – and Gordon Brown’s spending splurge – had ruined the public finances and that austerity had not gone nearly far enough to get them in order. Now these same economists seem remarkably relaxed about climbing deficits and higher public debt. What’s changed?

‘When the facts change, your opinions change,’ Jessop tells me. ‘Ten years ago, I would have been much more conventional in my thinking that you need to get the budget deficit down as quickly as possible. But it’s clear that isn’t working. You need a more flexible approach focused on what really matters: the long-term sustainability of the public finances.’

jfman 30-09-2022 11:15
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Pierre (Post 36135466)
The pound back up to 1.12 against the dollar, thank god all the MSM commentators are talking about it or I’d never have known.
Rallying at the fact she will be out on her arse soon enough, presumably.

Dave42 30-09-2022 11:20
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135467)
The credit is to my direct debit payment, the first of which will be taken in October 2022. Is that clearer for you?

---------- Post added at 08:31 ---------- Previous post was at 08:21 ----------



This fuss is all because the numbers relating to how the debt will be paid have not been produced yet, due to the necessity to reassure people about their energy bills without delay. The media and the opposition did a very good job at panicking people, didn't they?

The figures will be produced by November, the OBR can rake over the numbers and the public will start to realise that all this fuss was unnecessary and they will live to see another summer.

Then the retribution will start as to why all that stress was created unnecessarily. Labour should make the most of these days of popularity. In the end, the opinion poll ratings will be seen as a mid-term bubble.
aye the taking of the very poorest people in country to give it the top 1% gonna be great NOTTTTTT and you to realise the BOE had to step in to save the countries pensions dont you OB

if that was labour policy doing that you soon chance your tune but it tory policy all is fine right

Damien 30-09-2022 11:46
Re: New Prime Minister: Liz Truss
 
The pound/markets are also recovering as there will be an OBR forecast next Friday now.

https://twitter.com/Smyth_Chris/stat...93137464889344

Quote:
OBR say they will give Chancellor the first draft of a forecast next Friday

After meeting with Kwarteng today they add it "will, as always, be based on our independent judgment about economic and fiscal prospects and the impact of the Govt’s policies"
It's not out of line to tell the people financing your borrowing how your tax cuts will be afforded. Something as simple as that can calm them down

Dave42 30-09-2022 11:48
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Damien (Post 36135489)
The pound/markets are also recovering as there will be an OBR forecast next Friday now.

https://twitter.com/Smyth_Chris/stat...93137464889344



It's not out of line to tell the people financing your borrowing how your tax cuts will be afforded. Something as simple as that can calm them down
well it good the seen some sense and not waited to November

Hugh 30-09-2022 12:52
Re: New Prime Minister: Liz Truss
 
Article from the editor of the ConservativeHome website (not the most left-wing of sites).

https://conservativehome.com/2022/09...he-real-world/

Quote:
Above all, rather than shield Britain from the markets at a time of international turmoil, she and the Chancellor have painted a target on its back – to the point where they’re getting no credit for the energy bailout they will lavish tens of billions on. To date, her Government is a catalogue of recklessness and incompetence.

To begin to work its way back, she doesn’t have to embrace the IMF, yield to the Guardian, go woke, bring the date of Net Zero forward, kiss and make up with the Northern Ireland Protocol, or relax immigration controls (please note) – let alone renounce Brexit.

What she might want to do instead is grasp that government is not a laboratory, budgets are not experiments, blowing the roof off isn’t home improvement, and communication isn’t telling everyone that you’re always right. And apologise for fouling her own nest, the Party’s and the country’s. Perhaps competence is too much to ask for, but can we please have a little humility?

papa smurf 30-09-2022 13:01
Re: New Prime Minister: Liz Truss
 
He's a Sunaker

Hugh 30-09-2022 13:03
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Damien (Post 36135489)
The pound/markets are also recovering as there will be an OBR forecast next Friday now.

https://twitter.com/Smyth_Chris/stat...93137464889344



It's not out of line to tell the people financing your borrowing how your tax cuts will be afforded. Something as simple as that can calm them down
https://www.theguardian.com/politics...r-on-7-october

Quote:
Truss and Kwarteng to hold back OBR forecasts for six weeks

Liz Truss and Kwasi Kwarteng will refuse to release forecasts from the Office for Budget Responsibility (OBR) until more than six weeks after receiving them, despite calls for them to be published as soon as possible.

The prime minister and chancellor said they would only publish the independent forecasts on 23 November alongside a fiscal statement, despite them being ready on 7 October.

denphone 30-09-2022 13:12
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by papa smurf (Post 36135493)
He's a Sunaker
And he is still a Conservative...

1andrew1 30-09-2022 14:27
Re: New Prime Minister: Liz Truss
 
Quote:
UK pension funds sell assets and tap employers in rush for cash

Forced selling aimed at meeting collateral calls as crisis continues to roil markets

UK pension schemes are dumping stocks and bonds to raise cash and seeking bailouts from their corporate backers as the crisis in the industry continues to rage a week after the government’s “mini” Budget.

Most of the UK’s 5,200 defined benefit schemes use derivatives to hedge against moves in interest rates and inflation, which require cash collateral to be added depending on market moves.

The sharp fall in the price of 30-year government bonds, triggered by last week’s tax cut announcement, led to unprecedented margin calls, or demands for more cash.

High-grade corporate bonds denominated in sterling have come under severe selling pressure, with yields soaring 1 percentage point since the UK fiscal package was announced to 6.58 per cent, according to an Ice Data Services index. Yields have jumped 1.63 percentage points this month in the biggest rise on record.

Ross Mitchinson, co-chief executive of UK broker Numis, said: “There has been the forced selling of everything — equities as well as bonds.”

The UK’s domestically focused FTSE 250 has fallen more than 5 per cent this week.
https://www.ft.com/content/9d2005ba-...0-92dd7c64689a

papa smurf 30-09-2022 14:36
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36135495)
And he is still a Conservative...
But he's from the stab the PM in the " back" side of the party, he's just echoing the words of the back stabbing weasel sunak ,the little turd who came second in a two horse race;)

Hugh 30-09-2022 14:42
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by papa smurf (Post 36135501)
But he's from the stab the PM in the " back" side of the party, he's just echoing the words of the back stabbing weasel sunak ,the little turd who came second in a two horse race;)
I see you follow the Truss/Kwarteng School of Numbers. ;)

There were, in fact, eight Candidates in the Conservative Leadership Contest…

daveeb 30-09-2022 15:35
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by papa smurf (Post 36135501)
But he's from the stab the PM in the " back" side of the party, he's just echoing the words of the back stabbing weasel sunak ,the little turd who came second in a two horse race;)
I think you'll find all sides of the party joined in to show him the door as they realised their careers could be hanging by a thread.

OLD BOY 30-09-2022 16:22
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36135473)
Fake news alert #1
The OBR did offer to produce the numbers. See here. This was even flagged before the fateful mini budget! See here.

Fake news alert #2
The government has only agreed for the figures to be produced on 23rd November not in October. Many wiser souls in the party have requested they are produced earlier and hopefully Truss will perform a u-turn on this soon. See here

If a loyal defender of Truss like you has to resort to dreaming up facts, it doesn't inspire me with confidence on her performance!
The OBR cannot produce the numbers until the government has set out in detail how the offsetting savings can be made.

I agree with you on the November date, which is what I said.

You seem to be the dreamer here, dreaming things I don’t say and twisting what I do say.

---------- Post added at 16:22 ---------- Previous post was at 16:18 ----------

Quote:
Originally Posted by Dave42 (Post 36135488)
aye the taking of the very poorest people in country to give it the top 1% gonna be great NOTTTTTT
The government hasn’t taken anything from the poor! Where did you get that from?

Mr K 30-09-2022 16:29
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135518)
The OBR cannot produce the numbers until the government has set out in detail how the offsetting savings can be made.

I agree with you on the November date, which is what I said.

You seem to be the dreamer here, dreaming things I don’t say and twisting what I do say.

---------- Post added at 16:22 ---------- Previous post was at 16:18 ----------



The government hasn’t taken anything from the poor! Where did you get that from?
I get the impression you'd defend Daffy Duck if he was the Tory PM OB.
Tbh Daffy would do a better job than Dizzy L.

jfman 30-09-2022 16:32
Re: New Prime Minister: Liz Truss
 
:rofl:

So where is the tax burden going for the masses of debt for the next 30 years?

---------- Post added at 15:32 ---------- Previous post was at 15:31 ----------

Quote:
Originally Posted by Mr K (Post 36135523)
I get the impression you'd defend Daffy Duck if he was the Tory PM OB.
Tbh Daffy would do a better job than Dizzy L.
Of course he would. He's so ideologically ingrained to loathe the working people of this great nation if any puppet stands up there, drives down their living standards, working conditions, and siphons off the state to unaccountable privatised oligopolies he's your boy.

OLD BOY 30-09-2022 16:54
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135524)

Of course he would. He's so ideologically ingrained to loathe the working people of this great nation if any puppet stands up there, drives down their living standards, working conditions, and siphons off the state to unaccountable privatised oligopolies he's your boy.
You must be a desperate man, trying to insinuate about others what isn’t there in the first place.

If your thinking is so shallow that you believe anyone voting Conservative hates ‘working people’, then I pity you.

denphone 30-09-2022 17:03
Re: New Prime Minister: Liz Truss
 
More bad news for Liz Truss tonight with more opinion polls just released by YouGov.

https://yougov.co.uk/topics/politics.../09/30/fee3a/1

ianch99 30-09-2022 17:06
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135526)
You must be a desperate man, trying to insinuate about others what isn’t there in the first place.

If your thinking is so shallow that you believe anyone voting Conservative hates ‘working people’, then I pity you.
To be fair, he is not saying this about "anyone voting Conservative", he is saying this about you.

1andrew1 30-09-2022 17:11
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135467)
The figures will be produced by November, the OBR can rake over the numbers and the public will start to realise that all this fuss was unnecessary and they will live to see another summer.
Quote:
Originally Posted by OLD BOY (Post 36135518)
The OBR cannot produce the numbers until the government has set out in detail how the offsetting savings can be made.

I agree with you on the November date, which is what I said.
The government won't release them until November 23rd, not by November which is what you said.

The OBR is not waiting for more information from the government.
Quote:
OBR: we offered to update forecasts in time for 'mini-budget'

The Office of Budget Responsibility has confirmed that it could have produced an economic forecast in time for the “mini-budget”, but was not asked to do so by Kwasi Kwarteng.

It adds further details to ongoing objections that the chancellor’s move, which included £45bn of tax cuts, without a clear economic forecast to back it up.

In a letter to the Scottish National Party’s Westminster leader Ian Blackford and the party’s shadow chancellor Alison Thewliss, the chair of the OBR confirmed that the body sent “a draft economic and fiscal forecast to the new chancellor on 6 September, his first day in office”.

Richard Hughes wrote: “We offered, at the time, to update that forecast to take account of subsequent data and to reflect the economic and fiscal impact of any policies the government announced in time for it to be published alongside the ‘fiscal event’.”

“In the event, we were not commissioned to produce an updated forecast alongside the Chancellor’s Growth Plan on 23 September, although we would have been in a position to do so to a standard that satisfied the legal requirements of the Charter for Budget Responsibility.”
20.58 29/9/22 https://www.theguardian.com/politics...086bb4a78eb3fd

jfman 30-09-2022 17:37
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by ianch99 (Post 36135532)
To be fair, he is not saying this about "anyone voting Conservative", he is saying this about you.
Precisely, a clever deflection from OB.

Some people vote Conservative in good faith. And to a varying degree a significant number of those have wobbled over the last few months. They may well continue to vote Conservative or they may not. However they are demonstrably engaging with reality.

Three different users have either lost faith, considered the role of the state in energy and a wealth tax. Now they might not fall on the side of the fence, but they’re engaging with the debate and can see that the status quo is demonstrably not working. Away from OB’s perverse tribal politics, that’s what the rest of us consider a healthy dialogue.

Pierre 30-09-2022 18:42
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36135504)
I see you follow the Truss/Kwarteng School of Numbers. ;)

There were, in fact, eight Candidates in the Conservative Leadership Contest…
Not really. There were eight candidates, that were eventually reduced to two by the parliamentary Tory party.

That was then put to the Tory membership as a de facto “two horse race”.

But you knew that.

Hugh 30-09-2022 19:05
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Pierre (Post 36135542)
Not really. There were eight candidates, that were eventually reduced to two by the parliamentary Tory party.

That was then put to the Tory membership as a de facto “two horse race”.

But you knew that.
but you are ignoring the other six candidates* to support PS’s diatribe - but you knew that…

Penny Mordaunt got more MPs votes in the first four ballots than Truss…

*it’s like saying the FA Cup is a "two horse race" because there are only two teams in the final, when in fact it is a one hundred and twenty four horse race…

OLD BOY 30-09-2022 19:18
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by ianch99 (Post 36135532)
To be fair, he is not saying this about "anyone voting Conservative", he is saying this about you.
If so, it is yet another mischaracterisation. Let’s keep to the topic, shall we?

---------- Post added at 19:18 ---------- Previous post was at 19:14 ----------

Quote:
Originally Posted by 1andrew1 (Post 36135533)
The government won't release them until November 23rd, not by November which is what you said.

The OBR is not waiting for more information from the government.

20.58 29/9/22 https://www.theguardian.com/politics...086bb4a78eb3fd
Pedantry reigns. I guess it depends how you interpret statements, but I was talking about what the government has stated on a number of occasions.

The OBR isn’t waiting for anything, but the government wants to fine tune its plans before getting them criticised on some technical detail.

Ms NTL 30-09-2022 19:24
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Pierre (Post 36135466)
The pound back up to 1.12 against the dollar, thank god all the MSM commentators are talking about it or I’d never have known.
Great news. The guys with £155K+ can go abroad and enjoy themselves!

The rest can get 8 jumpers to keep warm for X-mass

ianch99 30-09-2022 19:28
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135546)
If so, it is yet another mischaracterisation. Let’s keep to the topic, shall we?
Not sure you are a Mod yet :)

jfman was talking about you and not all Tory voters so please, let's keep this honest.

I understand that Truss has let you down and you have no position from which to build an argument. The "let's wait and see" approach is just "head in the sand" economics - the real world does not work like this. Peoples' homes & livelihoods are on the line.

OLD BOY 30-09-2022 19:35
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135536)
Precisely, a clever deflection from OB.

Some people vote Conservative in good faith. And to a varying degree a significant number of those have wobbled over the last few months. They may well continue to vote Conservative or they may not. However they are demonstrably engaging with reality.

Three different users have either lost faith, considered the role of the state in energy and a wealth tax. Now they might not fall on the side of the fence, but they’re engaging with the debate and can see that the status quo is demonstrably not working. Away from OB’s perverse tribal politics, that’s what the rest of us consider a healthy dialogue.
I do try to engage with these debates, but you are interested only in personal insults.

There are two sides to this particular crisis, and you only want to debate the alternative view. Truss is attempting to break down the established group think, and this is naturally causing a huge amount of opposition. She is keeping things pretty close to her chest at the moment - I suspect she will pack in a few surprises at her Conference early next week.

She has a plan, and the markets will calm down when she presents it - her way.

You seem to forget that only a few weeks ago the Leader of the Opposition was demanding that people got to know where they stood with fuel bills. Well, now they know (although I don’t think it has sunk in yet with many people that things won’t be so bad after all, despite the hype), but the upshot of that is, the full detail of how it will be paid for is not quite finalised, which is why they have resisted the OBR at this stage.

The hysterical reaction we have seen is bordering on mass mental instability, and is mostly due to nervousness over Putin’s attempts to destabilise the West. Truss and Kwarteng must keep their heads while everyone around them are losing theirs.

---------- Post added at 19:35 ---------- Previous post was at 19:31 ----------

Quote:
Originally Posted by ianch99 (Post 36135550)
Not sure you are a Mod yet :)

jfman was talking about you and not all Tory voters so please, let's keep this honest.

I understand that Truss has let you down and you have no position from which to build an argument. The "let's wait and see" approach is just "head in the sand" economics - the real world does not work like this. Peoples' homes & livelihoods are on the line.
I am not a mod, and I was merely pointing out that were going off topic before a mod intervened.

jfman I know was referring to me, but I was pointing out his general attitude, which he betrays post after post.

Truss has not let me down. She will shake things up and show she is not going to be pushed around by anyone.

RichardCoulter 30-09-2022 19:42
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135518)
The OBR cannot produce the numbers until the government has set out in detail how the offsetting savings can be made.

I agree with you on the November date, which is what I said.

You seem to be the dreamer here, dreaming things I don’t say and twisting what I do say.

---------- Post added at 16:22 ---------- Previous post was at 16:18 ----------



The government hasn’t taken anything from the poor! Where did you get that from?
Links have been posted about them appearing to renege on the promise to increase pensions/benefits with inflation.

These have always been updated every year, apart from the recent years where they were frozen by Cameron & May.. In real terms, benefit recipients are already worse off as it is. Many are now living beliw the poverty line.

The Truss Government is now refusing to confirm that there will be an uprating in April 2023, at a time of record levels of inflation.

jfman 30-09-2022 19:49
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135552)
There are two sides to this particular crisis, and you only want to debate the alternative view.
:rofl:

Rubbish Old Boy, worse than your usual. There’s one side to this debate and one only. Truss is free wheeling the economy into chaos and you think it’s alright because some work experience kid wrote a policy paper for a think tank once. :rofl:

If anyone is going to break established groupthink of the macroeconomic world I can absolutely assure you it will not be Liz Truss :rofl:

By hysterical reaction I assume you mean those funds worth billions betting against the UK to the extent we have to print money to bet against them? Surely you of all people should admire their entrepreneurial spirit. :rofl:

OLD BOY 30-09-2022 19:52
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135560)
:rofl:

Rubbish Old Boy, worse than your usual. There’s one side to this debate and one only. Truss is free wheeling the economy into chaos and you think it’s alright because some work experience kid wrote a policy paper for a think tank once. :rofl:

If anyone is going to break established groupthink of the macroeconomic world I can absolutely assure you it will not be Liz Truss :rofl:

By hysterical reaction I assume you mean those funds worth billions betting against the UK to the extent we have to print money to bet against them?
I do believe you have just proved my point. ‘Nuff said.

jfman 30-09-2022 19:56
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135561)
I do believe you have just proved my point. ‘Nuff said.
If you can’t see the woods for the trees I can’t help you, OB. Enjoy your Friday night. :beer:

GrimUpNorth 30-09-2022 20:25
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135546)
If so, it is yet another mischaracterisation. Let’s keep to the topic, shall we?

---------- Post added at 19:18 ---------- Previous post was at 19:14 ----------



Pedantry reigns. I guess it depends how you interpret statements, but I was talking about what the government has stated on a number of occasions.

The OBR isn’t waiting for anything, but the government wants to fine tune its plans before getting them criticised on some technical detail.
If technical details were the only things to be critical about I think there'd be national rejoicing. I think the only fine tuning available to them other than accepting they screwed up is how much genetically modifying of the magic money tree can we get away to try improve the yield.

Sometimes you've got to accept you just didn't back a winner.

Pierre 30-09-2022 20:29
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135562)
If you can’t see the woods for the trees I can’t help you, OB. Enjoy your Friday night. :beer:
https://www.cableforum.uk/images/local/2022/09/1.gif

Dave42 30-09-2022 23:46
Re: New Prime Minister: Liz Truss
 
'Multiple' Tory MPs may join forces with Labour to bring down parts of mini budget, writes Lewis Goodall

https://www.lbc.co.uk/news/tory-mps-labour-mini-budget/

Hugh 01-10-2022 10:07
Re: New Prime Minister: Liz Truss
 
1 Attachment(s)
https://twitter.com/parody_pm/status...fLRhjMXrQj9scg

https://www.cableforum.uk/board/atta...7&d=1664615194

1andrew1 01-10-2022 12:40
Re: New Prime Minister: Liz Truss
 
Another issue for Truss. I'm sure Johnson would have got the cheque book out but I'm less sure about Truss.

Quote:
British Steel's Chinese owner seeks huge government aid package

Jingye Group has indicated that British Steel's two blast furnaces will not be commercially viable without hundreds of millions of pounds of taxpayer support, Sky News learns.

The owners of Britain's second-biggest steel producer are seeking an urgent package of financial support from taxpayers amid renewed fears for thousands of industrial jobs in the north of England.

Sky News has learnt that Jingye Group, which bought British Steel out of insolvency in 2020, has told ministers that the company's two blast furnaces are unlikely to be viable without government aid.

British Steel, which is headquartered in Scunthorpe, north Lincolnshire, employs about 4,000 people, with thousands more jobs in its supply chain dependent upon the company.

The request from Jingye poses a major headache for Jacob Rees-Mogg, the new business secretary, on the eve of the Conservative Party's annual conference in Birmingham.

While the precise scale of the support being sought by the Chinese industrial group was unclear this weekend, insiders suggested that it would need "hundreds of millions of pounds" to keep the Scunthorpe blast furnaces operational.

For Mr Rees-Mogg, who took over as business secretary less than a month ago, a decision over government support presents a politically undesirable menu of choices.

If no state funding is made available and significant numbers of jobs are axed, it would undermine a key tenet of the 'levelling-up' strategy that became a doctrine of Boris Johnson's administration.

An agreement to provide substantial taxpayer funding to a Chinese-owned business, however, would almost certainly provoke outrage among Tory critics of Beijing.

China's role in global steel production, after years of international trade rows about dumping, would make any subsidies even more contentious.
https://news.sky.com/story/british-s...ckage-12708894

Chris 01-10-2022 13:47
Re: New Prime Minister: Liz Truss
 
Not sure if anyone has shared this critique by Andrew Neil yet. It was published in the Daily Heil but don’t let that put you off, it’s actually quite balanced (and very critical):

https://www.dailymail.co.uk/debate/a...DREW-NEIL.html

Hugh 01-10-2022 14:06
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Chris (Post 36135618)
Not sure if anyone has shared this critique by Andrew Neil yet. It was published in the Daily Heil but don’t let that put you off, it’s actually quite balanced (and very critical):

https://www.dailymail.co.uk/debate/a...DREW-NEIL.html
Quote of the week

Quote:
It regularly baffles me how little free marketeers understand how free markets work.

jfman 01-10-2022 15:57
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Hugh (Post 36135621)
Quote of the week
I’m still just hugely entertained that Truss got elected acknowledging decades of economic failure then just delivered the same on steroids in a mere two weeks.

jfman 01-10-2022 18:56
Re: New Prime Minister: Liz Truss
 
https://www.thetimes.co.uk/article/k...rash-kwdbs72g0

Oh dear a dinner for Kwasi to celebrate with everyone betting against Britain. :rofl:

Article has a paywall but the headline summary is enough for me he’s a goner :sniper:

RichardCoulter 01-10-2022 19:07
Re: New Prime Minister: Liz Truss
 
BBC news says a poll shows that nearly half of all Tory supporters have now deserted them.

If I were a betting man i'd say that Truss will be ousted before too long in favour of Sunak.

jfman 01-10-2022 19:11
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by RichardCoulter (Post 36135642)
BBC news says a poll shows that nearly half of all Tory supporters have now deserted them.

If I were a betting man i'd say that Truss will be ousted before too long in favour of Sunak.
I can’t see the membership voting for him.

RichardCoulter 01-10-2022 19:31
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135643)
I can’t see the membership voting for him.
My thinking is that he came second and, if it weren't for Truss, he would have won.

Maybe you're right though and another leadership election will produce someone else.

Members may still resent Sunak for triggering the fall of Johnson.

A lot wanted Johnson on the ballot paper. Could we see Johnson back in charge again if he apologises/says he regrets his mistakes and has learned his lesson? I really don't know.

Pierre 01-10-2022 19:38
Re: New Prime Minister: Liz Truss
 
Just loving the casual racism by the Daily Mirror with this one.

https://www.bloomberg.com/news/artic...ellor-kwarteng

They all look the same to me guv………

OLD BOY 01-10-2022 19:39
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by RichardCoulter (Post 36135649)
My thinking is that he came second and, if it weren't for Truss, he would have won.

Maybe you're right though and another leadership election will produce someone else.

Members may still resent Sunak for triggering the fall of Johnson.

A lot wanted Johnson on the ballet paper. Could we see Johnson back in charge again if he apologises/says he regrets his mistakes and has learned his lesson? I really don't know.
Well….yes. You could say that Starmer would have won the last election if Boris hadn’t got in the way!

jfman 01-10-2022 20:42
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135652)

Well….yes. You could say that Starmer would have won the last election if Boris hadn’t got in the way!
That's an excellent comparison actually. Another bite of the cherry and Starmer could pulverise the Conservative party into the ground so hard he could hand the corpse over to Satan himself.

Unless Truss gets a conference bounce :rofl:

Sephiroth 01-10-2022 20:56
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135643)
I can’t see the membership voting for him.
It may not come to a membership vote if Truss goes. The MPs will stitch it up so that in the last two, one will stand down.

RichardCoulter 01-10-2022 21:30
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Sephiroth (Post 36135658)
It may not come to a membership vote if Truss goes. The MPs will stitch it up so that in the last two, one will stand down.
Good point. This would prevent any further disruption caused by another leadership contest and avoid further highlighting the fact than they need to that they keep changing their leader.

Paul 01-10-2022 22:33
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Pierre (Post 36135650)
Just loving the casual racism by the Daily Mirror with this one.

https://www.bloomberg.com/news/artic...ellor-kwarteng

They all look the same to me guv………
I doubt thats actually what they said, but either way, another misuse of the word Racism.

Hugh 01-10-2022 22:45
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135652)

Well….yes. You could say that Starmer would have won the last election if Boris hadn’t got in the way!
Except for the small fact he wasn’t Leader of the Labour Party then…

Oh, I see - you’re following the CCHQ line* that Labour lost in 2019 because Starmer was going to become Leader in 2020.

*just like their line that the Pound and Gilts crashed because Labour might win the next General Election.

Pierre 01-10-2022 23:17
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Paul (Post 36135663)
I doubt thats actually what they said, but either way, another misuse of the word Racism.
Point taken, in the strict definition of Racism it does not apply.

My point was, well I would hope you could understand what my point was, without being a pedant within the Hugh envelope.

Hugh 02-10-2022 00:14
Re: New Prime Minister: Liz Truss
 
:hugs:

jfman 02-10-2022 09:09
Re: New Prime Minister: Liz Truss
 
:rofl:

The clown thinks it was a problem of communication, rather than the underlying economic incompetence.

I’m also entertained at the notion of “value for the taxpayer” to justify the attack on public services and the welfare state. Maybe the taxpayer would get better value of the pound was worth more importing everything from energy to cars.

denphone 02-10-2022 09:25
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135678)
:rofl:

The clown thinks it was a problem of communication, rather than the underlying economic incompetence.

I’m also entertained at the notion of “value for the taxpayer” to justify the attack on public services and the welfare state. Maybe the taxpayer would get better value of the pound was worth more importing everything from energy to cars.
Gove has certainly torn into Truss's plans this morning stating the mini budget was unconservative in its values..

papa smurf 02-10-2022 09:42
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by denphone (Post 36135679)
Gove has certainly torn into Truss's plans this morning stating the mini budget was unconservative in its values..
He invented backstabbing

denphone 02-10-2022 09:49
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by papa smurf (Post 36135681)
He invented backstabbing
l suspect on the disastrous mini budget his views represent the majority of Conservative MPs currently.

1andrew1 02-10-2022 09:58
Re: New Prime Minister: Liz Truss
 
Is it unusual for these things to come out into the open so quickly?
Quote:
King Charles abandons plans to attend Cop27 ‘following Liz Truss’s advice’

Prime minister reportedly raised objections to him going during personal audience at Buckingham Palace

King Charles III has reportedly abandoned plans to attend and deliver a speech at the Cop27 climate change summit on the advice of Liz Truss.

The monarch, a veteran campaigner on environmental issues, had been invited to the 27th UN climate change conference in Sharm el-Sheikh, Egypt, next month.

But the prime minister is understood to have raised objections during a personal audience at Buckingham Palace last month, according to the Sunday Times.

Buckingham Palace has confirmed King Charles III will not attend the summit.

A senior royal source told the newspaper: “It is no mystery that the King was invited to go there. He had to think very carefully about what steps to take for his first overseas tour, and he is not going to be attending Cop.”

They said the decision was made on the government’s advice and was “entirely in the spirit of being ever-mindful as King that he acts on government advice”. However, it remains “under active discussion” about how King Charles will make his presence felt at Cop27, which runs from 6 to 18 November.

Another source said the new monarch would be “personally disappointed” to miss the conference and was “all lined up to go”, with several engagements planned around his Sustainable Markets Initiative (SMI), which aims to persuade businesses to invest in environmentally friendly initiatives.

“The Queen gave an entirely non-political address at Cop last year … it sounds like he is not being given the choice. That is an error of judgment on the part of the government,” the Sunday Times was told.
https://www.theguardian.com/uk-news/...-trusss-advice
https://www.thetimes.co.uk/article/l...mmit-573sg09tm

Hugh 02-10-2022 10:02
Re: New Prime Minister: Liz Truss
 
I see Truss/Kwarteng are taking the US Vietnam War approach to our Economy…

To paraphrase

Quote:
It became necessary to destroy the country to save it

jfman 02-10-2022 10:19
Re: New Prime Minister: Liz Truss
 
By the country I assume they mean the working people. By save it I assume they mean the finance sector.

Much emphasis is on “supply side reforms” - if the costs of materials are going up, energy is going up the only thing that can come down is wages.

Maggy 02-10-2022 10:19
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36135683)
Stop trying to make something out of nothing.:rolleyes:

Hugh 02-10-2022 10:45
Re: New Prime Minister: Liz Truss
 
Conservative chair Jake Berry

Quote:
People know when they get their bills, they can either cut their consumption or get higher salaries or higher wages and go out there and get that new job
https://news.sky.com/video/cut-consu...chair-12710016

In totally unrelated news on people looking for jobs with higher wages, during this interview he confirmed that

Quote:
he attended champagne reception with hedge fund managers and Kwasi Kwarteng after mini-budget.

He tells @SophyRidgeSky it was broader than just hedge fund managers and included property developers
So basically he’s saying to healthcare workers, shop workers, cleaners, etc. "have you tried not being poor?"

And if all those people move to higher wage jobs (he somehow managed to leave out how this happens), who will do the low-wage essential jobs?

1andrew1 02-10-2022 11:29
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Maggy (Post 36135687)
Stop trying to make something out of nothing.:rolleyes:
Why do you feel it's nothing?

Quote:
Originally Posted by Dave42 (Post 36135571)
'Multiple' Tory MPs may join forces with Labour to bring down parts of mini budget, writes Lewis Goodall

https://www.lbc.co.uk/news/tory-mps-labour-mini-budget/
I think that cuts to the hear of the matter - who votes for and against it. Truss has got the opportunity of Conference to persuade her MPs to vote for it.

Dave42 02-10-2022 16:05
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36135691)
Why do you feel it's nothing?


I think that cuts to the hear of the matter - who votes for and against it. Truss has got the opportunity of Conference to persuade her MPs to vote for it.
well less than half of her MP's voted for her and quite a few not going to there conference

RichardCoulter 02-10-2022 17:46
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by 1andrew1 (Post 36135691)
Why do you feel it's nothing?


I think that cuts to the hear of the matter - who votes for and against it. Truss has got the opportunity of Conference to persuade her MPs to vote for it.
I find it unusual that what is supposed to be a private meeting between the monarchy & the PM is public knowledge.

One of them doesn't know how to keep their mouth shut. Which one has years of experience in discretion and which doesn't? ;)

---------- Post added at 17:46 ---------- Previous post was at 17:44 ----------

Quote:
Originally Posted by Hugh (Post 36135688)
Conservative chair Jake Berry



https://news.sky.com/video/cut-consu...chair-12710016

In totally unrelated news on people looking for jobs with higher wages, during this interview he confirmed that



So basically he’s saying to healthcare workers, shop workers, cleaners, etc. "have you tried not being poor?"

And if all those people move to higher wage jobs (he somehow managed to leave out how this happens), who will do the low-wage essential jobs?
He's regarded as a useful idiot according to this:

https://metro.co.uk/2022/10/02/kwasi...etroukfacebook

Chris 02-10-2022 17:50
Re: New Prime Minister: Liz Truss
 
Tory Party chairman is about to get Brillo’d on Channel 4. George Osborne and Ed Balls are already putting the boot into Truss & Kwarteng.

jfman 02-10-2022 17:51
Re: New Prime Minister: Liz Truss
 
https://www.theguardian.com/politics...-minister-role

Peerages for betting against Britain. When can I get mine?

RichardCoulter 02-10-2022 17:51
Re: New Prime Minister: Liz Truss
 
Just watched this mornings Truss interview.

She comes across as someone trying to sound confident, wise and knowledgeable, yet the silence whilst she processes the questions and the parrot fashion reference to the energy cap in response to each and every question shows that she is our of her depth and winging it.

From what she said about the Government help for energy costs (she said it should decrease inflation by 5%), I think that she will not raise benefits & pensions by inflation.

When specifically asked if pensions would go up by inflation in April as promised, she didn't say yes, she said "I am committed to the triple lock". I predict that pensions will go up by about 5% less than inflation.

They are now talking about benefit cuts as opposed to freezing them again. I'm not sure if the cut will be in real terms by freezing disability benefits etc or in actual terms by cutting them even more than what Cameron/Osborne did.

Damien 02-10-2022 18:11
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by Chris (Post 36135722)
Tory Party chairman is about to get Brillo’d on Channel 4. George Osborne and Ed Balls are already putting the boot into Truss & Kwarteng.
Think he is doing quite well considering the position he is in.

OLD BOY 02-10-2022 19:24
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by jfman (Post 36135686)
By the country I assume they mean the working people. By save it I assume they mean the finance sector.

Much emphasis is on “supply side reforms” - if the costs of materials are going up, energy is going up the only thing that can come down is wages.
How so? Working people are the big winners in this special fiscal operation and you are whingeing about the higher rate of tax being abolished, even though the yield of the rate was relatively insignificant.

As Liz has been saying today, look at outcomes rather than inputs. You are concentrating on these controversial but ultimately minor issues to try to rubbish the whole mini-budget.

Dave42 02-10-2022 19:30
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135728)
How so? Working people are the big winners in this special fiscal operation and you are whingeing about the higher rate of tax being abolished, even though the yield of the rate was relatively insignificant.

As Liz has been saying today, look at outcomes rather than inputs. You are concentrating on these controversial but ultimately minor issues to try to rubbish the whole mini-budget.
utter nonsense yet again OB only winners are the top 1% and the cost of borrowing is soring debt is soring and the engery companies keeping there profit only winner rest of us pay for it

and you forgot the BOE had to try save country from it own government even most tories that polled are against this

OLD BOY 02-10-2022 19:37
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by RichardCoulter (Post 36135720)
I find it unusual that what is supposed to be a private meeting between the monarchy & the PM is public knowledge.

One of them doesn't know how to keep their mouth shut. Which one has years of experience in discretion and which doesn't?
It’s just ‘imagined’, Richard. Like ‘The Crown’. The reporters weren’t present for private conversations and therefore they have to make their best guess, which, I dare say, is often wrong.

In this case, it is more likely that Liz was asked for her advice and she gave it. No stronger than that. The PM and the Monarch have respectful conversations with one and other.

---------- Post added at 19:37 ---------- Previous post was at 19:33 ----------

Quote:
Originally Posted by Dave42 (Post 36135729)
utter nonsense yet again OB only winners are the top 1% and the cost of borrowing is soring debt is soring and the engery companies keeping there profit only winner rest of us pay for it

and you forgot the BOE had to try save country from it own government even most tories that polled are against this
Don’t be ridiculous, Dave. The energy bills help costs far, far more than the small amount we are talking about from bringing the additional rate of tax into line with the higher rate. And if it brings in more income for public services, why object?

Ah, yes, it’s that little green devil sitting on your shoulder, isn’t it?

jfman 02-10-2022 19:58
Re: New Prime Minister: Liz Truss
 
Quote:
Originally Posted by OLD BOY (Post 36135728)
How so? Working people are the big winners in this special fiscal operation and you are whingeing about the higher rate of tax being abolished, even though the yield of the rate was relatively insignificant.

As Liz has been saying today, look at outcomes rather than inputs. You are concentrating on these controversial but ultimately minor issues to try to rubbish the whole mini-budget.
:rofl:

By "working people" I assume you mean those on substantially above average earnings.

---------- Post added at 18:58 ---------- Previous post was at 18:54 ----------

Quote:
Originally Posted by OLD BOY (Post 36135730)
Ah, yes, it’s that little green devil sitting on your shoulder, isn’t it?
An early start tonight for OB's habitual :beer: insult of forum members despite knowing absolutely nothing about them.

It's entirely plausible to believe in a tax system based on the ability to pay without it being envy.

Dare I ask how the Conservative party deal with "supply side" issues with a diminishing currency and increased energy costs if it's not driving down living standards, wages and conditions for the Great British worker? (Which is unsurprisingly the part of the post you ignored). :rofl:


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