Forum search & shortcuts

mini budget thread
 

mini budget thread

Posts: 16534
Full Member
 

^^ I think you are right and it terrifies me to be honest.

A moment on tv years ago always stuck in my head, an interview with an economist that first coined the term "Brexit".

He said he saw it as the start of an attempt to change the UK from a welfare state to a free market economy.


 
Posted : 28/09/2022 6:23 am
Posts: 4710
Free Member
 

It's always been the plan, especially with the NHS and the Welfare State. The rest of the world looks at those two parts of the UK and holds it up as a model of what can be achieved whereas the current lot look at the US system and think "Hmm, that's a better model as we can make money out of that!".

It's all playing out perfectly for them but abysmally for us.


 
Posted : 28/09/2022 7:00 am
Posts: 5861
Full Member
 

Ah well at least you didn’t have to wait long to see the economic skill of the Truss government and what your getting 🙂

As said her aims are in a book written down.

Still happy days for the furrigners who can now buy up more U.K. assets at a rock bottom price.

Going to be an interesting ride to see exactly what gives first and how they bounce her out.


 
Posted : 28/09/2022 7:41 am
Posts: 7864
Full Member
 

Redwood on R4 to paraphrase "cuckoo"

"IMF are wrong and it's probably their fault. This is much better than anything that went before."


 
Posted : 28/09/2022 8:25 am
 DT78
Posts: 10066
Free Member
 

so how long till the next GE? 2years?

will labour be any better if they get in then? Will there be a economy left?

the shorting of the pound should be banned. the people and companies doing that are already swimming in cash and its making the whole situation worse for the country. Its like when people deliberately pick a stock and try to crash it to buy it out. was there some reddit group that cottoned on to this with a gaming company and collective caused a massive problem by buying shares. maybe the British public, well those not freezing and soon to be starving should be shown how to shore up the pound collective to stop these bastards?


 
Posted : 28/09/2022 8:30 am
Posts: 57432
Full Member
 

Redwood on R4 to paraphrase “cuckoo”

Redwood is madder than a bucket of spiders. It’s staggering that one man can be so consistently wrong about absolutely everything and terrifying to think that Truss actually listens to nutters like him.

What we’re witnessing is the continuation of the Brexit Disaster Capitalist project. They want to burn it all down, the NHS, the welfare state, the lot, and turn us into some Ayn Rand dystopia

will labour be any better if they get in then?

Seriously… give your head a wobble. The ‘they’re all the same’ narrative the Tories have aggressively pushed is half the reason we’re in this mess in the first place


 
Posted : 28/09/2022 9:09 am
Posts: 5054
Free Member
 

A moment on tv years ago always stuck in my head, an interview with an economist that first coined the term “Brexit”.

He said he saw it as the start of an attempt to change the UK from a welfare state to a free market economy.

Back around the circle to the same place:

"Brexit isn't the destination, it's the vehicle"

If you voted Leave in 2016 or Tory in 2019 take responsibility for screwing up the lives of ordinary* folk, I just hope that it impacts you and your family more than mine #karma.

* - basically anyone who has to work for a living and/or rely on ANY state provision of ANY service


 
Posted : 28/09/2022 9:20 am
 DT78
Posts: 10066
Free Member
 

I don't remember thinking much better of blair and brown and that was mynonly experience of a labour government

they sent us to iraqi....I said I'd never vote for labour after that.

so that leaves any of the rest, who will never get in. my votes for green are just wasted


 
Posted : 28/09/2022 9:27 am
Posts: 35151
Full Member
 

The FT has something to say to Atlanticists

https://twitter.com/hofrench/status/1574742680642682880


 
Posted : 28/09/2022 9:33 am
Posts: 21020
 

will labour be any better if they get in then?

As a very risk averse person, it is 100% a risk I am willing to take.


 
Posted : 28/09/2022 9:38 am
Posts: 57432
Full Member
 

I don’t remember thinking much better of blair and brown and that was mynonly experience of a labour government

Then have a think about what the country would look like by now if this shower had got started with their ‘project’ 13 years earlier

If you think that the Labour Party would even contemplate something as insane as last Fridays debacle - borrowing huge sums to give tax breaks to the rich - then you’ve lost your grip on reality

Feel free to waste your vote at the next GE though, and enjoy another 5 years of Tory misrule 🙄


 
Posted : 28/09/2022 9:40 am
Posts: 34547
Full Member
 

I don’t remember thinking much better of blair and brown and that was mynonly experience of a labour government

they sent us to iraqi….I said I’d never vote for labour after that.

Perhaps time to grow up a bit and do what's best for the country?


 
Posted : 28/09/2022 9:40 am
 DT78
Posts: 10066
Free Member
 

Well I'm worried that Labour might do something even more daft. like commit us to war. like Blair did multiple times.

whilst the tories have screwed up the economy no doubt there are worse ways things could go.

maybe you guys have a think too. telling people to grow up is incredible patronising

(and I will 100% not be voting tory)


 
Posted : 28/09/2022 9:47 am
Posts: 879
Full Member
 

I don’t remember thinking much better of blair and brown and that was mynonly experience of a labour government

they sent us to iraqi….I said I’d never vote for labour after that.

so that leaves any of the rest, who will never get in. my votes for green are just wasted

I'm genuinely curious. Would you prefer you or any of your family turning up to a hospital today, or how they were performing under the last Labour government?


 
Posted : 28/09/2022 9:48 am
Posts: 26901
Full Member
 

Would you prefer you or any of your family turning up to a hospital today, or how they were performing under the last Labour government?

Or a schools. Schools were significantly better funded then


 
Posted : 28/09/2022 9:51 am
 DT78
Posts: 10066
Free Member
 

To claim there weren't serious failings with labour last time and forget the bad things that happened on their watch is almost as bad as people making apologies for the things the tories have done recently.

it seems the argument for voting Labour is "they can't be any worse surely"

I'm asking really on what evidence?
I'm a voter looking for a party that will get us out of this shitstorm.


 
Posted : 28/09/2022 9:53 am
Posts: 1204
Free Member
 

*Makes mental note to ignore @DT78 in future*


 
Posted : 28/09/2022 9:54 am
Posts: 1305
Free Member
 

Working in the nhs from the major years to now, the only time it’s ever felt like anything the government was committed to was 97-2010. You can blame Blair for the Iraq war all you like, the tories would’ve done the same but they would have not invested in the nhs the way the Blair government did. A vote for any party that makes Tory government more likely is an act of self harm as far as I’m concerned. Things are worse than I can ever remember and will only get worse if we don’t get this lot out and keep them out. It is that simple.


 
Posted : 28/09/2022 9:54 am
Posts: 57432
Full Member
 

Whichever constituency you live in, you vote for the party most likely to beat the Tories

It’s that simple


 
Posted : 28/09/2022 9:56 am
Posts: 1204
Free Member
 

We need electoral reform ASAP. That way every vote counts, not the nonsense FTP we have now.
We need to get back to consensual politics where politicians work together to find compromise for the good of the whole country, not the adversarial politics we have now; fuelled by the right wing press as it sells papers.


 
Posted : 28/09/2022 9:56 am
Posts: 11402
Free Member
 

seems the FTSE's taking one for the team this morning after IMF marked Kwasi paper -2%


 
Posted : 28/09/2022 9:59 am
 DT78
Posts: 10066
Free Member
 

if you are a die hard labour voter, and your goal is to get your party in power *ignoring* or belittling floating voters isn't going to get the goal you want.

honestly I would love to believe labour will make this all better. it would actually make it much easier.

most of what are see are people saying it was better before, and it can't be worse. my view is, I'm not sure I need convincing. I felt vert strongly about unjust war and the fact Blair got away with it.

saying the tories would have gone to war is a unproven point, you don't know, its like me saying labour would have committed brexit so they just as bad as the tories.

Honestly I despair of our system where basically you have to either vote red or blue. (or vote tactically to get some one out).

everything seems so broken at the moment


 
Posted : 28/09/2022 10:05 am
Posts: 16221
Free Member
 

Well I’m worried that Labour might do something even more daft. like commit us to war. like Blair did multiple times.

I was 100% against the Iraq war but remember that the Tories voted for it too.


 
Posted : 28/09/2022 10:07 am
Posts: 0
Free Member
 

Working in the nhs from the major years to now, the only time it’s ever felt like anything the government was committed to was 97-2010. You can blame Blair for the Iraq war all you like, the tories would’ve done the same but they would have not invested in the nhs the way the Blair government did. A vote for any party that makes Tory government more likely is an act of self harm as far as I’m concerned. Things are worse than I can ever remember and will only get worse if we don’t get this lot out and keep them out. It is that simple.

Nurse since 1996 and the only time I've felt valued (and got a payrise above inflation) was during the Blair/Brown years.

I have never seen the NHS so hollowed out and we're not into winter yet.

I’m a voter looking for a party that will get us out of this shitstorm.

Unfortunately, it's a 2 horse race.


 
Posted : 28/09/2022 10:11 am
Posts: 35151
Full Member
 

 I felt vert strongly about unjust war and the fact Blair got away with it.

Sure, but it was 20 years ago, and as others have said; Tories would've done the same (they voted for it).


 
Posted : 28/09/2022 10:18 am
Posts: 41906
Free Member
 

There’s a lot of people online making some compelling arguments that this is deliberate disaster economics that has made a lot of money for some Tory donors. With Truss though, I do believe it’s mostly/entirely ideologically driven. Which is scary.

The two aren't mutually exclusive.

Donors might be able to buy subtle influences in leaders policies by buying up those hundred thousand pound lunches. But they're also backing the person who closely matches their interests. If you wanted this, it was cheaper to fund Truss' campaign so that she wins than it would be to bribe Sunak or any of the also-rans. In the same way I doubt we'd see a u-turn if the RMT declared they were funding the Tory party at the next GE. They don't want to buy influence, they just know which party is closest aligned with their aims.


 
Posted : 28/09/2022 10:20 am
Posts: 28593
Free Member
 

My Tory MP this morning appears to be reaching the end of his rope.

https://twitter.com/JulianSmithUK/status/1574888103298441223


 
Posted : 28/09/2022 10:25 am
Posts: 91171
Free Member
 

Well I’m worried that Labour might do something even more daft. like commit us to war. like Blair did multiple times.

Are you serious?

You think that because one labour leader went to war, that means labour is a party of war? You cannot seriously be that dim, can you?

That kind of bone-headed stupidity is a large part of what's wrong with politics.


 
Posted : 28/09/2022 10:26 am
 IHN
Posts: 20155
Full Member
 

Are you serious?

You think that because one labour leader went to war, that means labour is a party of war? You cannot seriously be that dim, can you?

That kind of bone-headed stupidity is a large part of what’s wrong with politics.

I concur with this statement


 
Posted : 28/09/2022 10:27 am
Posts: 2094
Free Member
 

The pound isn’t crashing over a trifling batch of tax cuts. It’s because the markets are terrified of Starmer.


 
Posted : 28/09/2022 10:28 am
Posts: 0
Free Member
 

The pound isn’t crashing over a trifling batch of tax cuts. It’s because the markets are terrified of Starmer.

All these highly educated, motivated and ruthless money men are terrified of what a man who can't get into power for 2 years has said he might do if he's voted in?

Bunch of snowflakes.


 
Posted : 28/09/2022 10:33 am
Posts: 8951
Free Member
 

Was he born last Friday? Looks a bit older to me


 
Posted : 28/09/2022 10:33 am
 IHN
Posts: 20155
Full Member
 

saying the tories would have gone to war is a unproven point, you don’t know,

Example - the Tories went to war in Libya, to 'free the people from a brutal dictator' then just f__ked off and left the Libyan people to the shitstorm that followed and continues to this day. Sound familiar?

There are definitely valid reasons why an argument could be made for not voting for Labour at the next GE. The Iraq war is not one of them.


 
Posted : 28/09/2022 10:34 am
 DT78
Posts: 10066
Free Member
 

I don't see anyone in the Labour Party I believe who can lead us out of this

and yes the wars (plural Blair took us to war more times than any other leader) plays heavy on my mind when I see Russians being conscripted against their will and what is going on in ukraine. I worry that could be us.

Now if you think my views are stupid that is an opinion, but I doubt I am the only one with such views and a less than rosey memory of the past time labour was in power.

it would be nice if you quit with the insults. if you want people to join your party of choice calling them idiots because they express their concerns isn't going to help...

I may well end up voting labour as said it appears to be blue or red. and I don't want blue. At the moment I would be negative voting. voting for what I don't want, and hoping the reds are better. I'd rather vote positive for someone I believe in. that currently isn't anyone


 
Posted : 28/09/2022 10:35 am
Posts: 7128
Free Member
 

I have serious misgivings about 'Starmer's Labour' but to not vote Labour in the next election, to oust the Tories, would make you as amoral and idiotic as the RW Labourites who sabotaged Corbyn. Reeves has positioned Labour as 'pro-business' and only representing people in work so getting them elected will not be a panacea but it will be a start.


 
Posted : 28/09/2022 10:37 am
Posts: 2094
Free Member
 

dangerousbeans

All these highly educated, motivated and ruthless money men are terrified of what a man who can’t get into power for 2 years has said he might do if he’s voted in?

Bunch of snowflakes.

You really think this is about tax cuts? That the fall in sterling and the surge in the price of government borrowing were responses to cutting income tax to 19p and returning to the 40p higher rate that pertained throughout all but the final month of the Blair/Brown years?

Come off it! Just look at the numbers. According to the Treasury, by far the biggest revenue commitment in Friday’s mini-budget was the energy price freeze (costing £31 billion for households, £29 billion for businesses). Then came the non-rises in National Insurance (£19 billion) and corporation tax (£19 billion).

Compared to these figures, the actual tax cuts – as opposed to the cancellation of proposed rises which no one, surely, would propose from first principles today – were trivial: £5 billion for the income tax cut; £2 billion for the long-overdue IR35 rollback; £2 billion for the scrapping of the top rate; £1.7 billion for the rise in the stamp duty threshold.

To listen to the BBC or the Labour Party, you’d think that the fall in the pound was caused, not by the £60 billion energy price freeze, nor yet by the £400 billion dropped on the lockdowns, but by the £2 billion which will supposedly be lost in removing the highest tax rate.


 
Posted : 28/09/2022 10:41 am
Posts: 1361
Free Member
 

I felt vert strongly about unjust war and the fact Blair got away with it.

The loudest voices against the war in Iraq were from Labour MP's, especially Robin Cook. https://en.wikipedia.org/wiki/Robin_Cook#Resignation_over_Iraq_war

This thread is getting derailed
@DT78 if you want to argue the relative merits of Labour from 20 years ago, go jump on the Sir! Kier! Starmer! thread


 
Posted : 28/09/2022 10:42 am
Posts: 1361
Free Member
 

To listen to the BBC or the Labour Party, you’d think that the fall in the pound was caused, not by the £60 billion energy price freeze, nor yet by the £400 billion dropped on the lockdowns, but by the £2 billion which will supposedly be lost in removing the highest tax rate.

It's not about how much it is, it's about what it represents and who it benefits


 
Posted : 28/09/2022 10:44 am
Posts: 7128
Free Member
 

How many bikes you got Multi?


 
Posted : 28/09/2022 10:45 am
Posts: 57432
Full Member
 

Blimey! What’s everyone been sprinkling on their cornflakes this morning? 😳


 
Posted : 28/09/2022 10:47 am
Posts: 2094
Free Member
 

spawnofyorkshire

It’s not about how much it is, it’s about what it represents and who it benefits

To blame these tiny tax reductions for the fall in the pound is akin to a fly alighting on an exhausted shire horse as it lies down to sleep, and telling itself that it wrestled the mighty beast to the ground.


 
Posted : 28/09/2022 10:47 am
Posts: 4243
Free Member
 

and yes the wars (plural Blair took us to war more times than any other leader)

...we're a long way from the budget, but before rewriting history why not google Kosovo to see why sending soldiers to stop murderous fascist regimes (contrast with Hurd sophisticatedly sitting on his hands whilst there were massacres and concentration camps in Europe); and Sierra Leone for that matter to see how this did actually lead to good outcomes for those on the receiving end.


 
Posted : 28/09/2022 10:49 am
Posts: 8951
Free Member
 

COVID - Priced in
Energy crisis - priced in
Diabolical lunacy - not priced in


 
Posted : 28/09/2022 10:51 am
Posts: 0
Free Member
 

To blame these tiny tax reductions for the fall in the pound is akin to a fly alighting on an exhausted shire horse as it lies down to sleep, and telling itself that it wrestled the mighty beast to the ground.

So what did Starmer do on Friday to spook these men who rule the financial world?

And why are they all seeming to say it's in response to Tory direction not Labour's conference?


 
Posted : 28/09/2022 10:52 am
Posts: 5054
Free Member
 

saying the tories would have gone to war is a unproven point, you don’t know

A greater percentage of Tory MP's voted for the war than Labour MP's - does that help?


 
Posted : 28/09/2022 10:56 am
Page 12 / 21