Liz Truss Resigns [Who'll be the next Prime Minister?] - Page 43

denphone · 03-10-2022, 08:54

Quote:

Originally Posted by mrmistoffelees

The actions by the 'supposed lefty wingnut media' and 'tory traitors' might just go some way to help minimise any potential losses to your state pension, i'd stop your whining and start thinking of the potential benefits if i were you.

You would be one of the first to complain should you lose out.

l don't know why some on here can't debate properly without resorting to using certain labels for others on here.

GrimUpNorth · 03-10-2022, 08:57

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.

Dave42 · 03-10-2022, 09:03

Quote:

Originally Posted by jfman

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

exactly

and austerity on steroids is on its way

peanut · 03-10-2022, 09:07

Kwasi Kwarty's position is now down the karzy.

RichardCoulter · 03-10-2022, 09:13

What wonderful news to wake up to. Let's hope that they don't still go ahead and cut pensions or benefits.

mrmistoffelees · 03-10-2022, 09:15

Quote:

Originally Posted by GrimUpNorth

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.

I will be one of those affected by the uturn (but not by much) i firmly believe those who earn more should pay more to support those who need it most

the reversal of the 5% won't impact my quality of living whatsoever, the tex revenue staying the same however might just help others.

denphone · 03-10-2022, 09:19

Quote:

Originally Posted by RichardCoulter

What wonderful news to wake up to. Let's hope that they don't still go ahead and cut pensions or benefits.

Cutting the 45% tax rate while seriously considering making cuts to pensions and benefits in a cost of living crisis did not sit well with a lot of voters in this country and a increasing amount of Conservative MPs it seems in these past few days.

Many thought it was morally reprehensible.

Pierre · 03-10-2022, 09:24

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.

mrmistoffelees · 03-10-2022, 09:26

Quote:

Originally Posted by Pierre

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.

You have a point, but surely every little helps ?

RichardCoulter · 03-10-2022, 09:35

Quote:

Originally Posted by mrmistoffelees

I will be one of those affected by the uturn (but not by much) i firmly believe those who earn more should pay more to support those who need it most

the reversal of the 5% won't impact my quality of living whatsoever, the tex revenue staying the same however might just help others.

Agreed, however if, as they claim, that cutting tax results in more money being raised, where will they get the money lost as a result of this U turn?

jfman · 03-10-2022, 09:37

Quote:

Originally Posted by RichardCoulter

Agreed, however if, as they claim, that cutting tax results in more money being raised, where will they get the money lost as a result of this U turn?

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.

**Damien** · 03-10-2022, 09:55

Quote:

Originally Posted by Pierre

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.

Yup. It was politically boneheaded, it was entirely self-inflicted.

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.

**Maggy** · 03-10-2022, 10:32

Quote:

Originally Posted by Damien

Yup. It was politically boneheaded, it was entirely self-inflicted.

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.

denphone · 03-10-2022, 10:48

Kwasi Kwarteng confirms further cuts of up to £18bn for public services.

https://www.independent.co.uk/news/u...-b2191341.html

Dave42 · 03-10-2022, 11:57

Quote:

Originally Posted by denphone

Kwasi Kwarteng confirms further cuts of up to £18bn for public services.

https://www.independent.co.uk/news/u...-b2191341.html

more austerity what a shock NOTTT they trying to kill off the public services which are on there knees.

see he scrapped 45% tax cut because was going to be a big rebellion on the tory benches well done the tory rebels