What they are admitting is that the last 12 years have been an unmitigated disaster. Yet we are supposed to trust Truss, who has been the one consistent player in government during that time, to now get it right and fix the mess. And the real kicker is these same commentators have assured us that Cameron/May/Johnson were the right man/woman to fix the mess in the past. Call me sceptical but I for one am not convinced.
The thing is though is that it is definitely not a "Tory budget". Firstly, it's not a budget. If it were then the OBR report on it would have to be published. The government are being very careful not to call it a budget because they don't want that. Another convention trashed. Secondly, whatever you thought of her, Thatcher would never have borrowed to pay for tax cuts. They may not have always stuck to to it but they aspire to be the party of fiscal responsibility. Even some of the Tory MPs are describing this "budget" as a huge gamble. That doesn't sound very responsible (or Tory) to me.
It depends what kind of Tory you are. The Brexit Tories have always been working towards this. ‘Levelling Up’ was always just something to borrow Labour votes with. For them, this was always the goal. Pure Toryism, privatise the profits, public owns the debts for being crazy enough to expect the State they pay for to help them.
True, but the main branding of the Tories has always been "fiscal responsibility". There is no way that the "special financial measures"* (NOT budget) delivered yesterday could be described as fiscally responsible. It may suit certain Tories (rich ones) and is obviously supported by the looney wing of the parliamentary party but it is definitely not a "true Tory budget" when compared to what they have done in the past. *As Putin would describe it.
Fiscal responsibility is a Tory myth. It may be the branding, but the undiluted Tory brand is to ‘unchain Britannia’, meaning themselves and damn the consequences. Where you can point at ‘responsibility’ for Thatcher that involved decimating industry and jobs and for Cameron leaving the poor and disabled to foodbanks. But this has always been the goal of a large section of the party. Brexit was a means.
Just in case anyone feels the value of the pound does not matter to them. Drivers paying extra £5 per tank of petrol due to falling value of the pound. https://news.sky.com/story/drivers-...ol-due-to-falling-value-of-the-pound-12704285
News just in - new solution to the age old ursine arboreal defecation conundrum: https://twitter.com/RichardCollettW/status/1573328355847438337 JOB had big issues with them back in the day.
Will they still be lovin' it in 12 months time as mortgage interest rates head towards double digits and millions of households are unable to afford their monthly payments? It didn't take long for the financial markets to react to yesterday's launch of trussonomics. This is the "Barber Boom" all over again. However, Barber couldn't have known what was going to happen a year later with the 1973 fuel price crisis. There is no excuse for such recklessness today. I am convinced LT will not lead the Tories into the next GE. If you look at the expressions and body language of Tory backbenchers in the HoC, I reckon there are many who are deeply unhappy.
Personally that’s made me consider voting Tory for first time in a decade. Not one tax cut but four for me! I shall be embarking on a one man effort to restart the economy! Just hired a dog walker to kick things off.
They will, because if you default they can buy your home and rent it back to you with the state picking up the bill. Doesn’t matter if the value of their money has fallen, because they will still have money while others have none. In fact, for the rich, those are good times.
Good work. I’ll write your forum posts for you for a reasonable rate. Just tell me the level of smugness you need and you can take a well earned rest.
Not sure you have enough poison for me to trust you on my football posts old friend. But will think about it.
This will be a huge problem if interest rates hit the predicted 5% next year. People could be looking at mortgage rates of 7%+. My current payments are at £1200 at 1.8%, should I be paying 7% next year, that's pretty much every penny of my disposable income gone overnight... Equally, I now pay only 4% less tax than a millionaire thanks to the cuts and my student loan repayments. A graduate on 50K only pays 2% less than a millionaire... It's madness. My generation have been repeatedly ****ed by the Tories (Uni fee's hiked, public services decimated, Brexit, housing market destroyed, favouring rich pensioners over young people, Covid (ok that wasn't their fault, but their policies hardly helped us)) to the extent that I could never, ever vote for them for the rest of my life.
I don't understand it. We are facing a barrage of crises across the nation and this deals with none of them. If the British people don't revolt this winter, they never will.
Latest Truss wheeze: more migrants to boost growth https://www.thetimes.co.uk/article/liz-trusss-plan-for-more-migrants-to-boost-growth-j2bl2lsnz
$1.05. Kwarteng and Truss attempt to bend the rest of the world, and reality, to the UK's will, and fail miserably. See also: Brexit.
Tanking the pound so their paymasters can profit from hedging against it. Pretty obvious isnt it and they dont give a **** anymore. They are shorting the pound!
In noting the above, this is only a problem to those bourgeois individuals who want to go to or buy things from abroad, like food, electronics or petrol. Ordinary British people living off turnips and pork scratchings won’t be affected.
They dont accidentally screw the economy........... they are very competent to the people they work for.
God, what a bunch of utter terds they are, running off to submit letters to Brady all the time. I swear that's all they've spent the past decade or so doing instead of governing or solving the massive issues that face our country.
