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  1. #326
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    Quote Originally Posted by Seekingasylum View Post
    Brexit, innit.
    wrong thread, your 6 year bellyache is here Brexit - It's Still On!

  2. #327
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    Well she's been out doing the rounds, the Indy has a summary but i don't fondly imagine the markets are going to take anything from her statements apart from she has no F'ing clue.

    Liz Truss claims her tax giveaway Budget is ‘the right plan’ despite market turmoil

    Prime minister Liz Truss has said her mini-Budget package is “the right plan”, despite the slump in the pound and turmoil in the markets which followed.

    She said the package unveiled by chancellor Kwasi Kwarteng on Friday has “put this country on a better trajectory for the long-term”, but admitted that higher growth “will not come overnight”.

    Ms Truss was breaking her silence for the first time in almost a week since chancellor Kwasi Kwarteng’s controversial statement, after the IMF intervened and Bank of England were forced to step in shore up the economy.

    In a round of interviews with BBC local radio, she blamed the global situation - including the war in Ukraine - for the UK’s economic problems.

    But on BBC Radio Bristol, presenter James Hanson retorted: “This isn’t just about Putin. Your chancellor on Friday opened up the stable door and spooked the horses so much you can almost see the economy being dragged behind them.”

    Kwarteng handled the Budget like a boy racer who can’t grip the wheel

    She said it was “simply not true” when asked by BBC Radio Nottingham whether her mini-budget was a “reverse Robin Hood” that disproportionately benefited the most wealthy.

    And she insisted that an “arbitrary” windfall tax on the estimated 170bn excess profits of energy companies would “put off people investing in our country”.

    Ms Truss told BBC Radio Norfolk: “As prime minister I have to do what I believe is right for the country and what is going to help move our country forward.

    “Of course there are many people with many different opinions. But what I think nobody is arguing with is that we had to take action to deal with what is a very, very difficult economic situation.”

    Despite Tory MPs branding her package “inept madness” and a “disaster”, Ms Truss insisted: “This is the right plan that we’ve set out. This is about making sure the people are going into the winer not worried about ultra-high fuel bills...

    “And it’s also important that we’ve taking steps to improve growth levels in our economy because if we don’t we’re not going to get the high-wage jobs, we’re not going to get the opportunities, we’re not going to get the investment that we need to see in our country.”

    In a round of local radio interviews ahead of the Conservative annual conference, which opens in Birmingham on Sunday, she repeatedly referred to the package of support for energy bills which she announced earlier this month, rather than the package of cuts to tax to the rich and corporations.

    As she responded to one question over the Budget by trying to discuss the energy package, one interviewer asked her: “Don’t you read the news?”

    On BBC Radio Kent she was asked whether she was “ashamed” by her actions.

    She replied: “I think we have to remember what situation this country was facing...

    “I’m very clear that the government has done the right thing by taking action urgently to deal with inflation, to deal with the economic slowdown and to deal with the high energy bills.

    “Of course that involves taking difficult decisions and as prime minister I’m prepared to take difficult decisions and do the right thing.”

    Ms Truss said she was “working very closely with the Bank of England”, to which BBC Kent’s Anna Cookson responded: “They are putting out your fire, to be fair.”

    Challenged over whether her package - which gave tax cuts averaging 10,000 to high earners - was “fair”, she told BBC Radio Lancashire: “What is fair is that people were facing huge energy bills this winter of up to 6,000 and because the government has stepped in we are making sure that nobody faces energy bills of over a typical 2,500 from this weekend.”

    Ms Truss said that the energy support package was “the biggest thing in the budget we just announced”, even though it was contained in a separate statement earlier this month and was not affected by Friday’s mini-Budget.

    The PM repeatedly claimed that the Budget had “cut taxes across the board”, even though independent economists agree that the vast majority of her changes to income tax benefit the wealthiest people in the country.

    While millionaires will see savings running into tens of thousands of pounds, those earning 12,750 or less from the income tax changes and those on less than 50,000 a few hundred pounds a year. Independent economists calculate that anyone earning less than 155,000 will pay more tax as a result of decisions taken by the Tory government over the course of this parliament

    Ms Truss suggested her economic plan could still prevent a recession – despite the Bank of England warning the UK may already be in a recession after estimating that the economy had shrink by 0.1 per cent in the last financial quarter.

    https://www.independent.co.uk/news/uk/politics/liz-truss-kwarteng-mini-budget-tax-b2177761.html

  3. #328
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    Quote Originally Posted by malmomike77 View Post
    wrong thread, your 6 year bellyache is here Brexit - It's Still On!

    The election of Truss is a direct consequence of the Brexit disaster and therefore its reference is quite apposite in the context of this thread.

  4. #329
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    Quote Originally Posted by malmomike77 View Post
    Independent economists calculate that anyone earning less than 155,000 will pay more tax as a result of decisions taken by the Tory government over the course of this parliament
    I don't know if this claim is supported, anyway it sucks and Liz has completely failed to contradict it or to explain the details supporting her plan. I understand the big picture, unhobble economic growth, but surely as a politician you need to offer some justification for your decisions? Politics 101.

  5. #330
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    ^ The level of incompetence in not producing a costed plan complete with OBR projections and then to complain that markets are over reacting is something i doubt even Labour would be capable of in their reddest Corbyn days.

  6. #331
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    Quote Originally Posted by Seekingasylum View Post
    The election of Truss is a direct consequence of the Brexit disaster and therefore its reference is quite apposite in the context of this thread.
    sometimes genticles knows what he is talking about

    labour is going to inherit a chalice that is both poisoned and wired up to mains power

  7. #332
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    Will Truss last until the end of the year?
    A definite possibility she'll break the 119 day record.

  8. #333
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    ^ lets hopes so, and her idiot for the Country's sake.

  9. #334
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    In reality the Country hasn't had a strategy for 4 decades, just firefighting and reactionary politics.

    The recent events have demonstrated, if it were needed, that the basics need to be prioritised; Food, Water and Energy security and we have this within our gift and by backing these as British Businesses we can create growth instead of chasing some entrepreneurial dream based on trickle down economics or just allowing other countries to invest and take profits out of the country.

  10. #335
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    Next step is to get more immigrants in.

    That should go down like a lead balloon with the tory faithful.

  11. #336
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    Quote Originally Posted by cyrille View Post
    Next step is to get more immigrants in.

    That should go down like a lead balloon with the tory faithful.
    Fruit and Hops do not pick themselves, and the benefit elites think too highly of themselves to attempt such menial tasks.

  12. #337
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    The British Prime Minister - for as long as there is a Great Britain-fhfhf-jpg

  13. #338
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    Quote Originally Posted by Troy View Post
    Will Truss last until the end of the year?
    Replaced by who?

  14. #339
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    Quote Originally Posted by OhOh View Post
    Replaced by who?
    You seem to have shedloads of irrelevant twaddle about China, but no idea how the UK political system works? Colour me surprised.

  15. #340
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    Quote Originally Posted by OhOh View Post
    Replaced by who?
    My analogy of OhOh...


  16. #341
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    As TD has members from many countries, my question and an informative answer, would have assisted their understanding.

    But it appears impossible for you to enlighten them.

    Quote Originally Posted by Switch View Post
    Colour me surprised
    30 Sep, 2022 21:28

    HomeWorld News

    Majority of Brits want Liz Truss to resign – poll

    Over one-third of Conservatives surveyed also want the prime minister to quit

    "More than half of Britons want Prime Minister Liz Truss to resign, a new poll published on Friday by YouGov shows. According to the survey, 51% of almost 5,000 respondents want her to quit, while only about a quarter of those polled believe she should stay. Just under a quarter said they did not have any particular opinion on the matter.

    The news comes as Truss and Chancellor of the Exchequer Kwasi Kwarteng face a backlash over a new spending plan designed to spur economic growth and help alleviate the effects of soaring energy prices in the short term. The plan, which involve a large package of unfunded tax cuts, sent sterling plummeting to record lows against the US dollar on Monday.

    The UK’s bond market also experienced the largest one-day sell-off in its history. Deutsche Bank estimated that the plan would push the UK’s debt-to-GDP ratio to around 101%, which would be the highest national debt level since 1962.

    On Wednesday, Truss’ government faced criticism from billionaire investor and founder of Bridgewater Associates Ray Dalio, who argued that a rapid debt increase amid a lack of demand for the British pound globally would lead to disaster.

    The recent developments have also seen the Tories’ popularity take a severe hit. According to another YouGov poll published on Thursday, the Labour Party has surged to a 33-point lead over the Conservatives. If elections were held today, the latter would garner just 21% of the vote, whereas more than half of Britons would vote Labour.

    Kwarteng appears to be even less popular than Truss, with 54% of Brits polled wanting him to resign, according to YouGov. Only 19% of respondents said they would like the chancellor to remain in his role.

    The poll results come as Truss is heading into the Conservative Party’s annual conference scheduled for this Sunday. The prime minister, who has been in office for less than a month, enjoys the support of just around 43% of Conservative voters, while more than a third of her party backers (36%) also want her to quit, the YouGov poll shows."

    https://www.rt.com/news/563839-britons-want-truss-resign-poll/


    An established, recognised UK polling organisation or not?

    An alternative source:

    Politics latest news: Half of all voters want Liz Truss to resign, poll shows in wake of market turmoil

    https://www.telegraph.co.uk/politics...et-obr-labour/
    Last edited by OhOh; 01-10-2022 at 12:56 PM.
    A tray full of GOLD is not worth a moment in time.

  17. #342
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    Quote Originally Posted by OhOh View Post
    As TD has members from many countries, my question and an informative answer, would have assisted their understanding.
    Don't flatter yourself. Most if not all members ignore your propaganda fueled drivel.

  18. #343
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    Quote Originally Posted by Seekingasylum View Post
    The election of Truss is a direct consequence of the Brexit disaster and therefore its reference is quite apposite in the context of this thread.
    One would have to be pig-ignorant to not see this.


    Quote Originally Posted by Switch View Post
    You seem to have shedloads of irrelevant twaddle about China, but no idea how the UK political system works? Colour me surprised.
    Yet he claims to be English . . . Is there an 'England' in China? There is a Thames Town near Shanghai.


    Kwarteng, Truss and the rest of them are most probably the most ineffectual politicians in Europe . . . and we can add most of the rest of the world.

  19. #344
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    I read now in the morning papers that The Weird Truss and her erstwhile fuck buddy, the African paramoor (sic) chancellor, took the decision to create and implement a seismic change in tax policy without involving her cabinet.

    She is truly fucked as indeed are we.

  20. #345
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    Quote Originally Posted by Seekingasylum View Post
    She is truly fucked as indeed are we.
    we? are you returning to the UK, i thought were pikey

  21. #346
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    there is a whiff of thatcher about truss, and that can only be a good thing.


  22. #347
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    A whiff of Thatcher after she disintegrated mentally, perhaps.

  23. #348
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    Does Truss have the votes for her mini-budget?

    Faisal Islam
    BBC Economics Editor

    A new dimension of uncertainty is now added to events surrounding the mini budget.

    Does the PM have the votes to pass her mini-budget?

    Former cabinet minister Michael Gove declined to confirm he would back a Budget with unfunded tax cuts, and a headline measure scrapping the 45p rate.

    Others publicly faced down threats of losing the whip.

    This gets in to the weeds of parliamentary procedure, but these are serious stakes, which will be noticed on markets.

    https://www.bbc.com/news/live/uk-politics-63074338

  24. #349
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    What did we learn from Liz Truss?

    From our long conversation this morning, four things were abundantly clear:

    *Liz Truss has no intention of changing her plans for the economy
    *Her decisions may well involve spending cuts in the next few years
    *She didn't consult her Cabinet over the most controversial decision, scrapping the 45p top rate
    *She knows the last week has not been an unalloyed success

    Her mini-mea culpa about the handling of the mini-budget was a straightforward admission that she and her team got some things wrong.

    It's clear she is a politician who is well aware that her ideology and her determination may upset many members of the public and many in her party.

    But having been given the chance to change the country by that party - not by the population at large - she is obviously determined she won't let it go to waste.

    There's trouble in store for her at the Conservative Party's conference in Birmingham - and trouble waiting when she gets back to Westminster too.

    https://www.bbc.com/news/live/uk-politics-63074338

  25. #350
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    Tory rebellion already brewing

    Ione Wells
    Political Correspondent, BBC News

    Tory MPs are already sharing mixed reactions to Liz Truss’s interview.

    Conservative Party chairman Jake Berry said today that any Tory MPs who vote against the tax-cutting budget will lose the whip – meaning they’d have to sit as an independent MP.

    Julian Smith MP, who backed Rishi Sunak to be leader, posted in response: “The first job of an MP is to act in the interest of their constituents and in the national interest.

    "We cannot clap for carers one month and cut tax for millionaires months later.”

    Liz Truss’s first big Tory rebellion is already brewing.

    https://www.bbc.com/news/live/uk-politics-63074338

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