news & politics:discussion

[Neil]

12 minutes ago, Ozanne said:

I’m looking forward to hearing how Truss will fund her Corporate Profit Protection Scheme. 

with borrowing and then more austerity.

[Guest]

1 minute ago, Neil said:

with borrowing and then more austerity.

You’re probably right.

Environmental issues could also see a battering today 😞

[steviewevie]

Definitely a big gamble with doing all this in hope that leads to growth. Maybe it will pay off and they'll be rewarded at next election, maybe it won't and things will get even shittier.

[steviewevie]

Although economic growth might not be enough to win them an election if public services are fucked.

[Neil]

10 minutes ago, steviewevie said:

Although economic growth might not be enough to win them an election if public services are fucked.

growth by itself isn't enough, the growth needs to be  'the right growth', with respected jobs, and decent wages and opportunities.

it would be damned lucky for all of that to arrive together, via an uncertain plan that gambles at creating growth.

[Guest]

Cutting 45p tax on the wealthiest. Tories being Tory. 

[Kurosagi]

37 minutes ago, Neil said:

growth by itself isn't enough, the growth needs to be  'the right growth', with respected jobs, and decent wages and opportunities.

it would be damned lucky for all of that to arrive together, via an uncertain plan that gambles at creating growth.

Yes, this.

It risks turbo-boosting the rich-poor divide with 'growth' at the top end and Austerity 2.0 for the rest of us. If they can't fix public services then it doesn't matter what metrics they spin 'amazing' growth and pat themselves on the back with. People have had a real taste of society crumbling all around them this year.

And if the backbenchers are already grumbling then Truss is going to have a rough ride holding it all together.

[Neil]

1 minute ago, Kurosagi said:

And if the backbenchers are already grumbling then Truss is going to have a rough ride holding it all together.

shes gonna be in trouble as soon as there's a by election. it'll go badly, and tory mps will start worrying about their own job.

[Kurosagi]

You're not wrong, the situation seems potentially febrile after the PTSD from their squalid support of Johnson for the last couple of years.

[steviewevie]

[steviewevie]

 

[steviewevie]

 

[steviewevie]

Biggest load of tax cuts since 1972. Some mini budget.

[steviewevie]

38 minutes ago, Ozanne said:

Cutting 45p tax on the wealthiest. Tories being Tory. 

they'll love that in the red wall

[Guest]

Bloomberg U.K. headline - Truss’s economic plan send U.K. markets into meltdown.

Good job Tories. 

[Guest]

On 9/20/2022 at 5:16 PM, Ozanne said:

There is no evidence to suggest this is the case and besides she doesn’t really care about growth. She just wants her rich mates to have even more money than they already do. 

I called this a few days ago, what a shambles Truss is. 

[Gingerfish79]

The term Kami-Kwasi Economics doing the rounds on Twitter. 

[squirrelarmy]

The Tories really don’t want to be the ones in power when it comes to fixing the mess they’ve caused. 

[Crazyfool01]

7 minutes ago, squirrelarmy said:

The Tories really don’t want to be the ones in power when it comes to fixing the mess they’ve caused. 

they are in power now but its probably got to about the time Labour can't be blamed 

[steviewevie]

1 hour ago, Ozanne said:

I called this a few days ago, what a shambles Truss is. 

yeah, part of plan though, right? It's not a mistake, or a shambles, they think this will work and is the right thing to do...it's supposedly trickle down economics or something

[fred quimby]

3 hours ago, steviewevie said:

Biggest load of tax cuts since 1972. Some mini budget.

Heard on the radio some chap saying before today the Government had the biggest tax income since the 40's. After today it will still be very high intake.

Trouble will be a lot of tax will have to service the country's debts.

They really are taking a gamble that people are going to spend more and on growth. Can not really see it bringing down inflation and then rates will go up again and more interest on those debts

[squirrelarmy]

17 minutes ago, Crazyfool01 said:

they are in power now but its probably got to about the time Labour can't be blamed 

Which is why they want Labour to be the ones who have to raise the taxes to pay for it all. 

[Crazyfool01]

1 minute ago, squirrelarmy said:

Which is why they want Labour to be the ones who have to raise the taxes to pay for it all. 

Hence the cuts now 

[steviewevie]

levelling up

 

[fraybentos1]

If the Tories win at the next election the Labour party should just fold. Today's budget is insane.