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

[1andrew1]

Originally Posted by denphone

Two new opinion polls just released giving the Labour Party huge leads.

https://redfieldandwiltonstrategies....-october-2022/

Once those uncapped bankers' bonuses start trickling down, I'm sure people's votes will change.

[jfman]

Originally Posted by 1andrew1

Once those uncapped bankers' bonuses start trickling down, I'm sure people's votes will change.

I'm no economist but given the tsumani of blue votes going red, trickle down economics needs to work a hundred thousand times harder than 1979-2022 to help a 2024 election.

[denphone]

Originally Posted by jfman

I'm no economist but given the tsumani of blue votes going red, trickle down economics needs to work a hundred thousand times harder than 1979-2022 to help a 2024 election.

l go back to the seventies, 1992, 2008 and 2022 looks like another year where the governing party's reputation for economic competence crashed through the floor.

[ianch99]

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?

[jfman]

Originally Posted by ianch99

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?

I'd start by asking Kwasi's mates betting heavily against the UK. Such a massively profitable exercise surely their foresight will be rewarded

[OLD BOY]

Originally Posted by ianch99

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?

You are missing two important points. Firstly, this move simply brings us into line with our competitors. Secondly, the cap didn’t even work, because employers simply raised basic pay to make up for the cap on bonuses.

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.

[GrimUpNorth]

Originally Posted by OLD BOY

You are missing two important points. Firstly, this move simply brings us into line with our competitors. Secondly, the cap didn’t even work, because employers simply raised basic pay to make up for the cap on bonuses.

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.

If we only had better economic management, we might have a fighting chance of the performance your praying for.

[OLD BOY]

Originally Posted by GrimUpNorth

If we only had better economic management, we might have a fighting chance of the performance your praying for.

Unfortunately those opposing Liz Truss won’t let her.

[1andrew1]

Originally Posted by OLD BOY

You are missing two important points. Firstly, this move simply brings us into line with our competitors. Secondly, the cap didn’t even work, because employers simply raised basic pay to make up for the cap on bonuses.

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.

If you want long-term economic growth, you can't get it by the special brand of Corbynomics which you and Kwarteng have fallen head over heels for at the country's expense...literally!

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).

[OLD BOY]

Originally Posted by 1andrew1

If you want long-term economic growth, you can't get it by the special brand of Corbynomics which you and Kwarteng have fallen head over heels for at the country's expense...literally!

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).

You can hardly associate the Truss/Kwartang plan as ‘Corbynomics’. They are wanting to grow the pie, not reduce it.

[Mr K]

Originally Posted by OLD BOY

You can hardly associate the Truss/Kwartang plan as ‘Corbynomics’. They are wanting to grow the pie, not reduce it.

They are growing Labour's lead, nothing else.

Westminster voting intention:

LAB: 52% (+6)
CON: 24% (-5)
LDEM: 10% (-3)
GRN: 5% (+1)

via
@RedfieldWilton
, 02 Oct
Chgs. w/ 29 Sep

[GrimUpNorth]

Originally Posted by OLD BOY

Unfortunately those opposing Liz Truss won’t let her.

Quite rightly those Conservatives with a modicum of intelligence have decided letting her and her chancellor anywhere near the steering wheel is a recipe for electoral disaster. They've realised Liz and Kwasi are not on the same bus as competent fiscal management and both the buses are going in completely the opposite directions.

[1andrew1]

When you don't do you homework properly...

Robert Peston Why did KwasiKwarteng and Liz Truss drop the abolition of the 45p top tax rate? Because super wealthy donors to the Tory party told them “we don’t need the money, we don’t want the money and you are bringing us into disrepute”. This is the highest political farce.

https://twitter.com/Peston/status/1576855492382842880

---------- Post added at 19:45 ---------- Previous post was at 19:43 ----------

Originally Posted by OLD BOY

You can hardly associate the Truss/Kwartang plan as ‘Corbynomics’. They are wanting to grow the pie, not reduce it.

That's what Corbyn said too. Both sets of policies just grow the debt and reduce GDP. The only difference is they attempt to cut a diminished pie in different proportions.

[Dave42]

Originally Posted by 1andrew1

When you don't do you homework properly...

https://twitter.com/Peston/status/1576855492382842880

---------- Post added at 19:45 ---------- Previous post was at 19:43 ----------


That's what Corbyn said too. Both sets of policies are just re-slicing a cake made smaller by their bad policies.

exactly Andrew tory strategy seems to be just got to believe more and it make it work it utter madness it is just as bad as Corbyn's useless strategy too

[jfman]

Originally Posted by OLD BOY

You are missing two important points. Firstly, this move simply brings us into line with our competitors.

Who? Where?

What we've had is a reduction in productivity due to Brexit (knocking 4% off GDP)

A self inflicted wound. So we need 4% just to stand still

---------- Post added at 19:05 ---------- Previous post was at 18:57 ----------

Originally Posted by Mr K

They are growing Labour's lead, nothing else.

Magnificent work, I do say so.