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Author Topic: Let's Get Political!  (Read 1996551 times)
horlock07

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« Reply #12405 on: Friday, September 30, 2022, 11:01:52 »

 For those who prefer a visual representation of the consequences of the recent budget… https://kamikwasi.tax/
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« Reply #12406 on: Monday, October 3, 2022, 07:27:53 »

Government U-turn over scrapping the 45p tax rate after realising their back benches wouldn't let it through the commons.

A reminder it's 'only' with about 2bn a year, or 38 million a week.
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adje

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« Reply #12407 on: Monday, October 3, 2022, 10:49:11 »

I guess there's 2 ways of looking at "U turns"
(a) they show that you listen to general opinion or
(b) they show you don't know what you're doing.
I think (b) in this case
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« Reply #12408 on: Monday, October 3, 2022, 10:55:32 »

I guess there's 2 ways of looking at "U turns"
(a) they show that you listen to general opinion or
(b) they show you don't know what you're doing.
I think (b) in this case

c) They underestimated market turmoil/were forced into by their own seat fearing back benchers.
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Posh Red
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« Reply #12409 on: Monday, October 3, 2022, 14:46:10 »

I guess there's 2 ways of looking at "U turns"
(a) they show that you listen to general opinion or
(b) they show you don't know what you're doing.
I think (b) in this case

d)  You cynically announce something so shit everyone focuses on that, and then conveniently forget some of the other shit you try & get through when you relent on the thing you never really wanted to do in the first place.   Have seen this so often in businesses over the years
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The Artist Formerly Known as Audrey

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« Reply #12410 on: Monday, October 3, 2022, 14:49:37 »

When all the global currencies crash all we’ll need is food, water and energy.

And an AK47
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horlock07

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« Reply #12411 on: Monday, October 3, 2022, 14:50:45 »

d)  You cynically announce something so shit everyone focuses on that, and then conveniently forget some of the other shit you try & get through when you relent on the thing you never really wanted to do in the first place.   Have seen this so often in businesses over the years

Indeed, oldest negotiating trick in the book.

The big policy change has basically changed the unfunded black hole from c.£45bn with the 45% rate to a £43bn unfunded package, so this U turn has, in itself, essentially no effect on fiscal sustainability, it still resembles economics which would do Bernie Madoff proud.

Add into the mix the £18bn cut in public spending which has rater quietly been lost in the small print, more austerity then, because that did so much to promote growth last time didn't it.
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RedRag

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« Reply #12412 on: Monday, October 3, 2022, 16:59:08 »

We keep being told that reducing tax rates increases tax takes - so you'd think that would bring in more spare cash for the public sector - rather than cuts.  

However cutting taxes to increase the tax take seems rather like the £350 million a week extra the Government has also had available post Brexit for the NHS for example.

The Conservatives are f*****d.  Their program has no mandate.  All we can do is watch them push aside the women and children as they grab the booze and the lifeboats to ensure a bright future outside parliament 2 years hence.

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Bennett
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« Reply #12413 on: Wednesday, October 5, 2022, 09:59:01 »

I keep wondering if the Conservatives know a 2008 style recession is incoming, so are making themselves unelectable in the short term, so that Labour can have a bash at fixing it (they won't) and then the Tory's can do a bit more austerity in the next few terms when they're re-elected.
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« Reply #12414 on: Friday, October 14, 2022, 10:19:42 »

Kwasi Kwarteng being sacked
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horlock07

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« Reply #12415 on: Friday, October 14, 2022, 10:24:29 »

Kwasi Kwarteng being sacked

Far from a fan of Kwarteng but how can she sack him with a straight face (and anyone consider it drawing a line) when a) the budget he presented is in the main just delivering what she based here entire leadership election on and b) she has basically spent the last fortnight saying there was nothing wrong with said budget.

I cannot imagine the much reported massive ego of Kwarteng is going to take this very well.
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« Reply #12416 on: Friday, October 14, 2022, 11:04:23 »

Far from a fan of Kwarteng but how can she sack him with a straight face (and anyone consider it drawing a line) when a) the budget he presented is in the main just delivering what she based here entire leadership election on and b) she has basically spent the last fortnight saying there was nothing wrong with said budget.

I cannot imagine the much reported massive ego of Kwarteng is going to take this very well.

Indeed, it's pretty desperate stuff.

Very funny though (if you can separate the drama of it from the financial meltdown)
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Abrahammer

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« Reply #12417 on: Friday, October 14, 2022, 11:16:24 »

There will now have been more chancellors than Watford managers in 2022
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horlock07

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« Reply #12418 on: Friday, October 14, 2022, 11:17:15 »

There will now have been more chancellors than Watford managers in 2022

Pre-Brexit we had three Chancellors in 19 years. Post-Brexit six in six.

Kwarteng was Chancellor for five days less than David Blaine was in that box

When Kwarteng's replacement takes office, the Conservative party will have had as many chancellors of the exchequer in 2022 as the Labour party has since 1967.
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The Artist Formerly Known as Audrey

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« Reply #12419 on: Friday, October 14, 2022, 11:20:40 »

Sacrificial lambs, all of them. The top Tories know they’re going to lose heavily in the next election no matter who is leader.

Better to lose a bunch of bozos now than someone who may be a genuine leader after the election loss.

This may even be a terminal decline for them. I just can’t see who they can appeal to now.
« Last Edit: Friday, October 14, 2022, 11:36:32 by The Artist Formerly Known as Audrey » Logged
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