Liz Truss Resigns [Who'll be the next Prime Minister?] - Page 19

Mr K · 20-09-2022, 21:02

Quote:

Originally Posted by Paul

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, 23:49

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, 23:52

Quote:

Originally Posted by Damien

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, 13:36

Quote:

Originally Posted by Ms NTL

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, 13:42

Pension Lifetime Allowance, I reckon.

Ms NTL · 22-09-2022, 16:48

Quote:

Originally Posted by Sephiroth

Pension Lifetime Allowance, I reckon.

That's correct!

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

Mr K · 22-09-2022, 22:00

Quote:

Originally Posted by Ms NTL

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, 11:02

45% tax rate abolished.
Basic rate from 20% to 19%
NI rise cancelled.

jfman · 23-09-2022, 11:16

They've found the magic money tree.

papa smurf · 23-09-2022, 11:20

Did he mention pensioners? i may have nodded off.

**Damien** · 23-09-2022, 11:24

Quote:

Originally Posted by papa smurf

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, 11:25

Quote:

Originally Posted by Damien

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, 11:29

i would have thought raising the standard Personal Allowance from £12,570, would have helped the poorest in society.

**Damien** · 23-09-2022, 11:30

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, 11:41

Quote:

Originally Posted by jfman

They've found the magic money tree.

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