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

[Dave42]

Originally Posted by OLD BOY

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 ----------



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?

so pointing the fact that it only the top 1% that win is envy dont be silly OB even lots of tories know it wrong and are against it have they got the little green devil too?

[Mr K]

Originally Posted by OLD BOY

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

You sound a bit angry OB. I'm not surprised. Both your heroes, Bonking Boris and Dizzy Lizzy have let you down. Who to support next?

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....

[1andrew1]

Originally Posted by Mr K

You sound a bit angry OB. I'm not surprised. Both your heroes, Bonking Boris and Dizzy Lizzy have let you down. Who to support next?

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....

Old Boy probably does not have Shell shares unlike you, so won't have benefited from the mini budget to quite the same extent. Here's a bit of light relief for him

Dear Sir Keir, Operation Destroy Tories has begun. Actually I should give it a more secret name

THIS is the mole talking, Sir Keir. You know, your agent inside the Tories. Liz. Liz Truss. Anyway, stage one complete: pound devalued, economy ruined, job done.

It worked just like you said it would. I told Kwasi ‘we need to focus on growth at all costs’ and ‘household finances are not my priority’ and his eyes lit up. Straight away he outlines all these tax cuts that actually sound brilliant.

It’s very exciting. When Labour recruited me from the Lib Dems all those years ago – ‘the Lib Dems are the perfect cover, nobody gives a shit about them’ – I expected thrills and did not get them. Even being in cabinet was dull. All I did to help the socialist cause was open the shit pipes.

But now I’m at the heart of government bringing it down. Nobody seems to suspect a thing, even when I made Jacob energy secretary which I worried was a dead giveaway.

The plan’s on track. The tax cuts are in, parliament’s ready to revolt, Labour are 17 points ahead in the polls. Operation Destroy Tories is working a treat though it needs a more secret name. Operation Truss No-one? That’s got my name in it.

https://www.thedailymash.co.uk/premi...20220928226239

[Mr K]

As that old song goes ' things can only get better'
https://mobile.twitter.com/BritainEl...17377874419712

Westminster voting intention:

LAB: 50% (+10)
CON: 20% (-8)
LDEM: 9% (-1)
GRN: 8% (-)

via @PeoplePolling, 29 Sep

Originally Posted by Mr K

As that old song goes ' things can only get better'
https://mobile.twitter.com/BritainEl...17377874419712

Nothing like an outlier …

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

[Dave42]

Originally Posted by OLD BOY

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 ----------



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?

and another point OB Keeping tax low for the rich does not boost economy

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

[OLD BOY]

Originally Posted by Dave42

so pointing the fact that it only the top 1% that win is envy dont be silly OB even lots of tories know it wrong and are against it have they got the little green devil too?

Actually , it is the lack of detail about how it will be paid for that is the issue. That’s why Liz has delayed the reduction in tax until late November, when the whole package will be set out.

It’s a storm in a tea cup.

Originally Posted by OLD BOY

Actually , it is the lack of detail about how it will be paid for that is the issue. That’s why Liz has delayed the reduction in tax until late November, when the whole package will be set out.

It’s a storm in a tea cup.

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.

[RichardCoulter]

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.

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'!!

[1andrew1]

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.

I'm not an ex-cabinet minister but I can't see enough MPs voting through the 45% tax rate removal nor the reduction in Corporation Tax. The reduction in the basic tax rate to 19% and the reversal of the NI hike are more likely. Not sure about the reduction in stamp duty.

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.

[RichardCoulter]

Originally Posted by 1andrew1

I'm not an ex-cabinet minister but I can't see enough MPs voting through the 45% tax rate removal nor the reduction in Corporation Tax. The reduction in the basic tax rate to 19% and the reversal of the NI hike are more likely. Not sure about the reduction in stamp duty.

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.

Good point Andrew. I myself have previously complained about the number of EU workers coming to the UK. Now that they aren't here, it's clear that we needed them.

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.

[jfman]

Originally Posted by OLD BOY

Actually , it is the lack of detail about how it will be paid for that is the issue. That’s why Liz has delayed the reduction in tax until late November, when the whole package will be set out.

It’s a storm in a tea cup.

It's a growth plan that doesn't grow the economy, that's the problem.

[RichardCoulter]

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.

The Lady is for Turning (no one else will make that joke today): https://twitter.com/BethRigby/status...09298734505984

Understand (as per @MrHarryCole) that the govt will NOT proceed with abolIshing the 45p top rate of tax - announcement expected soon

[peanut]

What a total shitshow. No credibility and just out of their depth.