Quote:
Originally Posted by Chris
The only thing in your tea cup is undiluted copium. Seriously in recent weeks you’ve gone from mildly mulish to downright deluded. Plenty of senior Tories with actual cabinet experience are refusing to try to peddle the lines you keep pushing here. And more than a few of them think the mini budget won’t survive a Commons vote with the 45p rate cut in it.
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Isn't it practice for budgetary matters to be waived through? It said on TV today that it's something to do with supply and confidence (I think).Sounds similar to the deal that the Tories had with the DUP.
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'!!