[Durham Giant]

When is a budget not a budget : Sun Sep 25, 2022 9:42 am  

When it does not want to provide evidence or scrutiny to see what the figures actually mean Only the top 1% of earners will be. Better off but the country is now saddled with huge debt at high interest rates even worse than if Corbyn had won ! Good analysis here . https://ifs.org.uk/articles/mini-budget-response But just a couple of headline figures for those who. Don’t want to look at the wider and more long term impacts. Petrol and diesel are now 6 pence dearer per litre than. They would have been as the budget led to further devaluation of the pound vs the dollar $ All imports are now dearer things like food and petrol etc . Things that will increase inflation and the. Cost of living crisis. Odey asset management employs Kwarteng. Odey bankrolls Brexit. Brexit destabilises UK. Kwarteng becomes Chancellor. Odey bets against GBP. Kwarteng destabilises GBP. Odey reaps enormous rewards. With profits surging 145% overnight after Fridays mini budget Do you see how it works yet? And this is just one example, of many.

When it does not want to provide evidence or scrutiny to see what the figures actually mean Only the top 1% of earners will be. Better off but the country is now saddled with huge debt at high interest rates even worse than if Corbyn had won ! Good analysis here . https://ifs.org.uk/articles/mini-budget-response But just a couple of headline figures for those who. Don’t want to look at the wider and more long term impacts. Petrol and diesel are now 6 pence dearer per litre than. They would have been as the budget led to further devaluation of the pound vs the dollar $ All imports are now dearer things like food and petrol etc . Things that will increase inflation and the. Cost of living crisis. Odey asset management employs Kwarteng. Odey bankrolls Brexit. Brexit destabilises UK. Kwarteng becomes Chancellor. Odey bets against GBP. Kwarteng destabilises GBP. Odey reaps enormous rewards. With profits surging 145% overnight after Fridays mini budget Do you see how it works yet? And this is just one example, of many.

Re: When is a budget not a budget : Mon Sep 26, 2022 9:06 am  

Durham Giant wrote: When it does not want to provide evidence or scrutiny to see what the figures actually mean Only the top 1% of earners will be. Better off but the country is now saddled with huge debt at high interest rates even worse than if Corbyn had won ! Good analysis here . https://ifs.org.uk/articles/mini-budget-response But just a couple of headline figures for those who. Don’t want to look at the wider and more long term impacts. Petrol and diesel are now 6 pence dearer per litre than. They would have been as the budget led to further devaluation of the pound vs the dollar $ All imports are now dearer things like food and petrol etc . Things that will increase inflation and the. Cost of living crisis. Odey asset management employs Kwarteng. Odey bankrolls Brexit. Brexit destabilises UK. Kwarteng becomes Chancellor. Odey bets against GBP. Kwarteng destabilises GBP. Odey reaps enormous rewards. With profits surging 145% overnight after Fridays mini budget Do you see how it works yet? And this is just one example, of many. They all as bad and if liebour was in the country would be bankrupt

Durham Giant wrote: When it does not want to provide evidence or scrutiny to see what the figures actually mean Only the top 1% of earners will be. Better off but the country is now saddled with huge debt at high interest rates even worse than if Corbyn had won ! Good analysis here . https://ifs.org.uk/articles/mini-budget-response But just a couple of headline figures for those who. Don’t want to look at the wider and more long term impacts. Petrol and diesel are now 6 pence dearer per litre than. They would have been as the budget led to further devaluation of the pound vs the dollar $ All imports are now dearer things like food and petrol etc . Things that will increase inflation and the. Cost of living crisis. Odey asset management employs Kwarteng. Odey bankrolls Brexit. Brexit destabilises UK. Kwarteng becomes Chancellor. Odey bets against GBP. Kwarteng destabilises GBP. Odey reaps enormous rewards. With profits surging 145% overnight after Fridays mini budget Do you see how it works yet? And this is just one example, of many. They all as bad and if liebour was in the country would be bankrupt

Re: When is a budget not a budget : Mon Sep 26, 2022 9:36 am  

On the one hand it wasn't hard to work out that, once the Tory party was captured by far right extremists they would do this.

On the other even the most pessimistic of us didn't realise they would destroy the UK's fiscal credibility in the space of an hour or so with billions of unfunded tax cuts for the rich and corporations.

The problem now will be that any new government coming in will have to tidy up the absolute disaster that this one will leave behind - a vast deficit, decimated public services and a destroyed export trade. If it wasn't so terrible for all our futures it would be funny.

Re: When is a budget not a budget : Tue Sep 27, 2022 9:06 am  

Truss is resigned to a thumping at the next General election so has used this mini budget to reward her cronies with huge tax cuts and bonus's for the rich. Even many of her own MP's are opposed to her mini budget.

Re: When is a budget not a budget : Tue Sep 27, 2022 1:11 pm  

In power for two weeks and already letters of no confidence have been submitted. I guess they hope to go for another relaunch.

Re: When is a budget not a budget : Tue Sep 27, 2022 2:42 pm  

Truss is doing a fantastic job !
The Mail and Express still believe in her and so do I (oops)

Seriously, has there EVER been a worse start to any PM's reign.

Btw, has anyone seen her this week, she seems to have disappeared and hasn't been seen for a few days.

Re: When is a budget not a budget : Tue Sep 27, 2022 10:54 pm  

They are poisoning the well, when they lose power no government will be able to fix what they have done in one term, and with the media and money still on their side they will only be out for the minimum period.

Re: When is a budget not a budget : Wed Sep 28, 2022 5:51 pm  

All the evidence points to the fiscal statement Friday for the many problems we now face. The government don’t it’s nothing to do with them, it is due to remainers, and fear of a Labour government for example. The fact it started right after his speech was purely coincidental apparently.
What is their answer stop the removal of the 5% tax reduction for the highest earners, no they want to reduce public spending and look to freeze pay.

Re: When is a budget not a budget : Thu Sep 29, 2022 10:14 am  

Scarlet Pimpernell wrote:

All the evidence points to the fiscal statement Friday for the many problems we now face. The government don’t it’s nothing to do with them, it is due to remainers, and fear of a Labour government for example. The fact it started right after his speech was purely coincidental apparently.
What is their answer stop the removal of the 5% tax reduction for the highest earners, no they want to reduce public spending and look to freeze pay.

It seems they are determined to press ahead with the tax reductions for the wealthiest 5% in the country, which, according to those well qualified financial folk, can only be done if public spending is massively reduced.
Austerity 2 coming soon to a town or city near you and certainly nothing close to an inflation matching pay rise for public sector workers.
We also have a position where, due to huge increases in interest rates (with more to come) many people with a mortgage will be paying much, much more, which will completely negate any help given with the "energy crisis" cap.
Much of this is as a direct result of the "mini budget" and our new leader has poured oil on the fire with a series of car crash interviews, with local radio stations, this morning.
There has been some absolute quality questioning from the local stations by broadcasters who were somewhat better prepared than our new PM.

The Radio Leeds presenter, after a brief introduction, asked, "where have you been ?"

Re: When is a budget not a budget : Thu Sep 29, 2022 1:43 pm  

I think she did an interview with Radio Norfolk. Was she hoping to be interviewed by Alan Partridge?