Mr Moofo wrote: ↑Thu Sep 29, 2022 9:09 am
^ they do seem to have taken irresponsible risks which are costing the man in the street a lot of money. Whilst rewarding their hedge fund and speculator mates with market instability and less tax. Just an amazingly divisive budget.
I think you (and others on this thread) have rather got it a bit upside down, it's the banks that have been rewarding the hedge fund and speculator mates with monstrous QE and free money to gamble with. Truss and Kwasi (ill-advisedly) tried to force them to take some of that money back out of circulation and raise interest rates, but the BoE and their real overlords have stamped back down on it.
This has got nothing to do with saving the man in the street from ruin, it's about keeping that money flowing in the markets because those billions don't make themselves you know.
Agree with you.
It's an incestuous feedback loop where you scratch my back and I'll scratch yours, and we'll both make lots of money. No wonder that the BoE, Larry Summers, Lord Howe, Carney, the IMF, the banks, the hedge funds, and the rest of the group think apparatchiks came out against it, they have a lot to lose. Oops.
"Truth does not change because it is, or is not, believed by a majority of the people." - Giordano Bruno
Potter wrote: ↑Thu Sep 29, 2022 10:49 am
Liz Truss is a Chartered Accountant who is in favour of legalising cannabis and hates bankers.
One of the last things Truss did as Foreign Secretary was to stop a bill legalising cannabis going through the Barbados parliament. They're not very happy about it.
Potter wrote: ↑Thu Sep 29, 2022 10:49 am
Liz Truss is a Chartered Accountant who is in favour of legalising cannabis and hates bankers.
One of the last things Truss did as Foreign Secretary was to stop a bill legalising cannabis going through the Barbados parliament. They're not very happy about it.
Potter wrote: ↑Thu Sep 29, 2022 10:49 am
Liz Truss is a Chartered Accountant who is in favour of legalising cannabis and hates bankers.
One of the last things Truss did as Foreign Secretary was to stop a bill legalising cannabis going through the Barbados parliament. They're not very happy about it.
One of the last things Truss did as Foreign Secretary was to stop a bill legalising cannabis going through the Barbados parliament. They're not very happy about it.
She did do something, then?
She’s also done KK
That's a terrible visual
And pop bitch say there are rumour about a threesome ...
Mr. Dazzle wrote: ↑Fri Sep 30, 2022 9:33 am
The bit I don't get is why they can't release the info on 'the other side' of this equation straight off the bat.
if you are confident your tax cuts are affordable you must have run the numbers already to show that. Unless of course you haven't run the numbers
It's reported that they've culled the spads and policy wonks in Downing Street. Maybe all that's left are the 'yes boss' people?
Just been reading about the threat to Tory seats in deepest Surrey. When the likes of Hunt, Raab, Blunt, Beresford et al are looking over their shoulders and the 'red wall' people are already up in arms, I don't think the rebellion can be far off. Love to be a fly on the wall for some of the huddles at the party conference.
Doubt is not a pleasant condition.
But certainty is an absurd one.
Voltaire
Today's Martyn Turner cartoon from the Irish Times -
Martyn Turner 300922.jpg (258.85 KiB) Viewed 326 times
Has anyone mentioned the economist JK Galbraith's "horse and sparrow economics” view on "trickle down economics"? - “If you feed enough oats to the horse, some will pass through to feed the sparrows.”
Blundering about trying not to make too much of a hash of things.
Mr. Dazzle wrote: ↑Fri Sep 30, 2022 9:33 am
The bit I don't get is why they can't release the info on 'the other side' of this equation straight off the bat.
if you are confident your tax cuts are affordable you must have run the numbers already to show that. Unless of course you haven't run the numbers
I posted about this previously. The personal tax allowance usually rises every year in line with inflation, that way people aren't out of pocket paying more tax. Sunak suspended any rise in this allowance until 2025, this was left in place in the mini budget. As wages rise people will need paying more tax. It's a measure that hits the less well off a lot more than the wealthy, no surprise there then. It's estimated that tax revenues from this will more than offset the handout given to the top earners in the mini budget.
Mr. Dazzle wrote: ↑Fri Sep 30, 2022 9:33 am
The bit I don't get is why they can't release the info on 'the other side' of this equation straight off the bat.
if you are confident your tax cuts are affordable you must have run the numbers already to show that. Unless of course you haven't run the numbers
It's reported that they've culled the spads and policy wonks in Downing Street. Maybe all that's left are the 'yes boss' people?
Just been reading about the threat to Tory seats in deepest Surrey. When the likes of Hunt, Raab, Blunt, Beresford et al are looking over their shoulders and the 'red wall' people are already up in arms, I don't think the rebellion can be far off. Love to be a fly on the wall for some of the huddles at the party conference.
Worthing and Adur was safe Tory - but after Boris got in it dropped to 5k majority from over 20k. I suspect Tim Loughton will be looking for alternative employment after the next GE.
Lutin wrote: ↑Fri Sep 30, 2022 10:20 am
Has anyone mentioned the economist JK Galbraith's "horse and sparrow economics” view on "trickle down economics"? - “If you feed enough oats to the horse, some will pass through to feed the sparrows.”
Good for the roses, and 'dig for Britain' vegetables
Lutin wrote: ↑Fri Sep 30, 2022 10:20 am
Has anyone mentioned the economist JK Galbraith's "horse and sparrow economics” view on "trickle down economics"? - “If you feed enough oats to the horse, some will pass through to feed the sparrows.”
Good for the roses, and 'dig for Britain' vegetables
The current UK govt seems to favour bovine over equine produce.
Yet again the Green party think taxing rich people is the answer to everything. Maybe if they put more effort into other ideas they would get more support.
BBC wrote:Tax wealthiest 1% to fund home insulation, say Greens
Mussels wrote: ↑Fri Sep 30, 2022 12:07 pm
Yet again the Green party think taxing rich people is the answer to everything. Maybe if they put more effort into other ideas they would get more support.
BBC wrote:Tax wealthiest 1% to fund home insulation, say Greens
Mussels wrote: ↑Fri Sep 30, 2022 12:07 pm
Yet again the Green party think taxing rich people is the answer to everything. Maybe if they put more effort into other ideas they would get more support.
BBC wrote:Tax wealthiest 1% to fund home insulation, say Greens
I am all for cutting benefits, we are in a ludicrous situation where people cannot live on wages, so we collect more tax and recycle it via benefit. That is probably the most inefficient system in the world.
Push up minimum wages so benefit is unecessary. However that will take time, 5+ years , so it aint going to save Lizs arse
Mr. Dazzle wrote: ↑Fri Sep 30, 2022 9:33 am
The bit I don't get is why they can't release the info on 'the other side' of this equation straight off the bat.
if you are confident your tax cuts are affordable you must have run the numbers already to show that. Unless of course you haven't run the numbers
All the models are either direct or virtual copies of the BoE model so no prize for guessing what the models would show. Groupthink at its best. The "markets" have had their £60bn payoff so they'll be happy for now.
"Truth does not change because it is, or is not, believed by a majority of the people." - Giordano Bruno
Mussels wrote: ↑Fri Sep 30, 2022 12:07 pm
Yet again the Green party think taxing rich people is the answer to everything. Maybe if they put more effort into other ideas they would get more support.
BBC wrote:Tax wealthiest 1% to fund home insulation, say Greens
