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Re: New Prime Minister: Liz Truss
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If I were you I'd put my faith in the Lord. He alone will see you right, as long as you repent of your sins. My 'thought for the day' on a Sunday.... ;) |
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As that old song goes ' things can only get better' ;)
https://mobile.twitter.com/BritainEl...17377874419712 Quote:
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Opinium has Lab 46 / Con 27 this weekend which obviously is still awful but not quite so autre as PeoplePolling (who?) Electoral Calculus maintains an aggregate poll which presently suggests 45/30 to Lab resulting in 388 seats for Labour and a 100+ majority. Regardless of what they say about mid term dips, that doesn’t look good for Truss. https://www.electoralcalculus.co.uk/homepage.html |
Re: New Prime Minister: Liz Truss
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https://www.lse.ac.uk/News/Latest-ne...s-for-the-rich the London school of economics it hardly leftie is it read the report it show it won't work trickle down economics don't work Sunak was right about the plans of Truss it madness |
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It’s a storm in a tea cup. |
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Maybe this is so serious that custom and practice will go out of the window. You are right in saying that this a mini budget. Calling this a 'fiscal evenr' is like Putin calling the Ukraine war a 'special operation'. I have friends right across the political spectrum and our of the staunch Tory supporters, only one is trying to defend this. There's loyalty and stupidity. What I can't understand is that, of it is correct that reducing the tax rate results in higher tax revenue, why not cut the basic rate to, for example, 5%? Also, I can't understand why increased wages (this might also be used to defend benefit/pension cuts) is said to sttoke inflation. However, cutting the tax for bankets & those earning over £150,000 a year is said to 'stimulate the economy'!! |
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The supply side measures to open up the labour market to more foreign workers won't prove popular with the Brexity wing of the party and those in red wall seats but do have economic logic if you're increasing spending. |
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I think that a lot of the resentment was caused by not enough housing, education places, healthcare etc being increased to cope with them and UK nationals feeling that they were losing out. Some hospitality venues are having to temporarily close at times because there simply isn't enough staff which, apart from anything else, cannot be good for the economy. |
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It's a growth plan that doesn't grow the economy, that's the problem. :rofl: |
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I know how she'll pay for it. It'll be the sick, disabled and families on Tax Credits/Universal Credit, most of whom are working
It said on the BBC news last night that to pay for the tax cuts they will have to make cuts comparable to the ones that Osborne made in the 2010 austerity budget. The main targets will be the projects that form part of levelling up, cuts to the budget to improve things like the NHS after the pandemic or welfare benefits. She won't want to lose votes by doing the first two, so it will be the easy target once again. |
Re: New Prime Minister: Liz Truss
The Lady is for Turning (no one else will make that joke today): https://twitter.com/BethRigby/status...09298734505984
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What a total shitshow. No credibility and just out of their depth.
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:rofl:
I almost spat out the gruel I’m having for breakfast. |
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Pounds up on the markets
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Re: New Prime Minister: Liz Truss
Anyone apart from me anticipating a post along the lines of "You lot weren't happy when Truss proposed removing the 45% tax band. Now she's no longer proposing it you are still unhappy. No pleasing some people." :D
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very entertaining. So is she a weak u-turner or incompetent? You tell us, because it"s one or the other. |
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She is undoubtedly both! :D |
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So it took just over a week. How many £billions a day did their incompetence cost us?
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How many millions/billions did some make from this ? |
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I can't understand why the small change the 45% tax attracts has has upset the lefty wingnut media and tory traitors so much, and 40% tax didn't upset labour when Gordon Brown was chancellor.
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Is that the rumoured growing 50 plus Tory MPs who were going to have their whip withdrawn from them for not kowtowing to the party line. |
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You would be one of the first to complain should you lose out. |
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Don’t presume incompetence when the stench of corruption isn’t far from this Conservative party. |
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And if you're one of those who may be a bit miffed about this U-turn and the hit to your income then perhaps you should follow the government advice and work harder, or find a better paid job or even take on a second or third (zero hours and/or minimum wage) job to help improve your lot, because after all with trickle down economics the extra money you'll 'earn' will surely help everyone else out too.
Could this lot make us an even bigger laughing stock then we are already? You bet they can and I'd not be surprised if they were already working on what they'll cock-up next. |
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Kwasi Kwarty's position is now down the karzy.
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What wonderful news to wake up to. Let's hope that they don't still go ahead and cut pensions or benefits.
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the reversal of the 5% won't impact my quality of living whatsoever, the tex revenue staying the same however might just help others. |
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Many thought it was morally reprehensible. |
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The 45% rate is more symbolic than anything else. It doesn't raise that much for the exchequer in the great scheme of things and no body really complains about paying it it which is why it was such a surprise they proposed to get rid of it.
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They were pulling our legs, Richard On a separate note we’ve now a new caretaker Government. The Sunaka, Goves and Shapps of this world know she’s irreparably damaged. Every policy will be under more scrutiny. Tories will be jostling for position at her inevitable reshuffle to reset the government. She should publish the OBR analysis and call a general election with the abolishing the 45p tax rate in it. It’s the only way she will have a mandate to govern from here on in. |
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Their reasoning didn't make much sense either. How many people are really going to move to the U.K, or not move out, because of the 5%? People live here because it's their home, it's a good country to live in, and they want to live in a certain location for the amenities it proves. Anyone who locates because of tax rates are not going to move to a country where it's still relatively high. They'll go to a tax haven. Not to mention that anyone with so much wealth they can pick and choose a country on a whim are likely not getting their wealth via PAYE. |
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Kwasi Kwarteng confirms further cuts of up to £18bn for public services.
https://www.independent.co.uk/news/u...-b2191341.html |
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see he scrapped 45% tax cut because was going to be a big rebellion on the tory benches well done the tory rebels |
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Dorries wants an election!
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We have already had 4 Tory leaders in 6 years.
Not sure the public would want to witness yet another leadership contest. |
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So in, summary, tax cut that lasted a week forced the Bank of England to spend £65 billion to buy gilts.
Anyone out there still plans to vote Tory in the next GE? |
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If the Tories go down that route the omens are not good according to pollsters. The public want well supported public services and not public services cut to the bone.. |
Re: New Prime Minister: Liz Truss
No, we shouldn't have an election for a new Prime Minister.
It isn't just that it isn't how our system works it's also that we've had plenty of examples that it isn't how our system works that no one can pretend they're not aware of it. We elect only Parliaments and not Presidents. |
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If a successor PM seeks to, in absolute terms, deviate significantly from that. Puts on hold legislation already in train by his or her predecessor, then absolutely they should have the spine to put their vision to the electorate. For anyone worried I’ve checked in on Comical Ali. “Last Activity: Today 12:49”. Presumably waiting for a line from CCHQ. |
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It’s only understandable that we all have concern for him at this time. ---------- Post added at 15:16 ---------- Previous post was at 15:15 ---------- Quote:
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I am really hating the way they talk about the U.K being in managed decline and generally things being bad as if they haven't been in Government for 12 years.
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Truss - 10 years Coffey - 7 years Kwarteng - 4 years Cleverly - 3 years Braverman - 3 years Lewis - 10 years Zahari - 4 years Wallace - 7 years Clarke - 3 years Rees-Mogg - 3 years Etc., etc… So they’re blaming themselves? |
Re: New Prime Minister: Liz Truss
Two new opinion polls just released giving the Labour Party huge leads.
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On the subject of banker's bonuses, you may not realise that the EU rule that they are repealing caps bonuses at a maximum of 200% of the base salary.
Can anyone here tell me who is getting a 200%+ bonus on top of their base salary? |
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But all you can see is they get much more than you. It’s time to start thinking about what’s in the interests of the economy. For God’s sake, we are relying on better economic performance to fund our public services. This is not the time to show jealousy towards people earning more than us when there is a greater good to be achieved. |
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You need increases in efficiency (such as increased automation, increased economies of scale) or increases in the workforce to grow the economy. What we've had is a reduction in productivity due to Brexit (knocking 4% off GDP) and a reduction in the workforce due to Covid (55+s quitting) and Brexit (with EU citizens returning home and not coming back to the UK). |
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When you don't do you homework properly...
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In no way shape or form does the so called growth plan deliver growth, against any independent barometer. It's an attack on the working people of this great nation, which explains why you salivate over the prospect of it more than those well known lefties Michael Gove, Rishi Sunak and Grant Shapps. The good news is at £65bn the Bank of England bailout eclipse Brown's (well intentioned) losses on gold. So you can retire that old trope, old boy. |
Re: New Prime Minister: Liz Truss
https://www.bbc.co.uk/news/live/uk-p...ost_type=share
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Who knows, the first report in 50 years of trickle down economics working in a major economy? :rofl: Maybe not. https://www.bbc.com/news/uk-politics-63110543 Mad Nads says to call an election. I agree time to end rudderless leadership of the fifth, sixth, seventh? Largest economy in the world. I lose count (in dollars, purchasing power parity etc). |
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Bonuses encourages perverse behaviours at the roulette wheel underwritten by the taxpayer. If they're not that good, or it depends on how well you know Kwasi Kwarteng or any of the insiders attempting to steer this hapless government then I'd suggest jail rather than reward. |
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Rees-Mogg's suggestions kicked into touch
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Job done. Quote:
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