Current Affairs The Conservative Party

[Yarrgh]

New chicken markets !

Sniff that EU! Bet you are regretting the UK leaving now we've got Trade Deals Truss in charge.

 

[Yarrgh]

?

That's hit the streets with pitchforks level of bad

 

[glory_daze]

Horrible Horrible b'stards.
Whilst they are willing to pledge billions to fight another country's war and abolish the top rate tax to people earning £150 grand a year there are people in the this country can't see an NHS dentist or are being threatened with losing their universal credit benefit.
Hope Putin sorts them out with a big bang.

 

[Rita_Poon]

…so, after 12 years the party of business and the economy are accepting they have mis-managed the country’s finances and now want a new approach - gamble everything.

I just cant resist this...

 

[Drico]

That's not wrong. The "Red White and Blue" Brexit didn't work. The "Cake and Eat It" Brexit didn't work. All that's left is to burn the country to the ground, feather the beds of their pals, and leave Labour to clean up an impossible mess.

 

[FrenchDarrenBent]

Krugman is laughing at us. He obviously doesnt know about the chicken deal with Mongolia

 

[catcherintherye]

Something I don't really get about the tax cuts to encourage investment thing. Certainly in the startup world the market has been awash with cash in recent years, due to both the really low interest rates and the stimulus payments. So they're not in need of extra cash at all, and not only do few of them turn a profit to pay tax themselves but they also don't employ that many people, and certainly not in the left behind communities.

It's a similar picture with big companies, with estimates that the FTSE 100 is sitting on around £160bn in total, so it's not like they need lower taxes on profits in order to invest. Instead they need something useful to invest in. This is a global thing, with Apple alone sitting on $200bn and a bunch of the big tech firms sitting on over $1tn.

13 Firms Hoard $1 Trillion In Cash (We're Looking At You Big Tech)

Cash is piling up fast on S&P 500 companies' books — and investors want their share and the wait might soon be over as the pandemic eases.

www.investors.com

So I really don't think taxation is the problem. If they want to funnel investment though, they could look at things like pension reform. For instance the public sector pension pot is something like £150bn or so, but not only is that fragmented across a bunch of different funds but it generally only gets invested in listed assets. If rules were changed and some of that was allocated to a kind of UK-based Grameen bank for micro-lending to small businesses across the red wall then it could do something meaningful. Heck, even the likes of coding schools and other training schemes that are free but take a % of future income could also be used as an investment in the country's human capital. Quite a few possibilities that wouldn't require the tax system to be touched at all.

I mean if they think it will attract investment, the market, and the currency traders have given a very clear verdict, and it is completely the opposite.

 

[catcherintherye]

Genuinely baffled that in their 12 yars in charge, theyve not borrowed when rates were low, and started borrowing when rates are high.

The definition of economic insanity.

 

[Rita_Poon]

Revolt incoming... big trouble straight off the bat.

 

[Blue 1]

Scum. On a par with paedophiles and rapists.

That mini-budget is absolutely obscene.

 

[ForeverBlue92]

This Kwarteng fella looks thick as whale spunk.

Dark times ahead

 

[grandjoeblue]

That income tax move is an absolute disgrace at the worst possible time.

 

[Rita_Poon]

That income tax move is an absolute disgrace at the worst possible time.

Its a sham, its being orchestrated from elsewhere. She gets credibility for trying to deliver a promise, it is rebelled against, "she just doesn't have johnsons persuasive nature" they say... all plays towards the same thing. winston johnson churchills iconic return to save the day and deliver another GE win.
They knew they are hated, so split the feeling with labour, if half of those that hate truss like johnson enough alongside the tory hardcore, they win in again.
This is where labours passivize nature starts to work against them...

 

[Blue 1]

What they're proposing is utterly batshit crazy, way further to the right and way more unorthodox than anything old lefty Corbyn was proposing leftwards.

If they get in again it'll take a generation to get out of the muck. Utter vandals, barbarians and philistines. Soulless [Poor language removed] bean-counters.

 

[Daveysgingerlovechild]

Brazen. Absolutely brazen.