Karl Masks
Birds Angel Delight
The look of a person haunted by the ghost of Christmas Kwarteng
Liz Truss’s time is up
- Thread starter Dogsauce
- Start date
belboid
Exasperated, not angry.
There’s only a vote after an ‘actual’ budget. Which this wasn’t, it was a Special Economic Operation.
Karl Masks
Birds Angel Delight
Tweet: Truss suggests Nicola Sturgeon announce the same tax cuts as she has
This is better than drugs
Raheem
Well-Known Member
It does still have to be voted on before it can go into force.
I'm going to invest mine in gin as reckon at this rate I'm going to need as much as I can get my hands on.
ska invita
back on the other side
this is all great developments for Scottish Independence' I want to work with nicola' !
Same lizz truss that said Nicola is best ignored? Fucking hell
Yes, it does rather hole below the waterline any 'fiscal responsibility' line of attack. I presume the only reason the laughter isn't louder at Holyrood is that Scotland is still fully shackled to the shitshow.
belboid
Exasperated, not angry.
Mini-Budget & Mini-Responsibility
spring-peeper
Well-Known Member
When I read Nicola's response out to Hubby, he answered that Truss was living on the same planet as Trump.
Raheem
Well-Known Member
I have a theory that Truss's process with this budget was pretty much the same at Putin's for invading Ukraine.
She surrounded herself with a small group of people, liable to tell her anything she wanted hear, excluded any non-barmy advisors, and allowed herself to be convinced that the ridiculous thing she wanted to achieve (massively cut taxes without also cutting spending) could be easily achieved with a single stealthy act of genius.
All she had to do was have KK announce the massive tax cuts and then sit back as the FTSE soared. By the time it came to setting out spending plans, five weeks later, the massive boost in projected growth would mean only modest spending cuts would be needed, or none at all probably.
Then, it didn't work, because it was an obviously stupid plan. And now she's decided she has has to lay waste to an entire country rather than admit fallibility.
Betcha.
She surrounded herself with a small group of people, liable to tell her anything she wanted hear, excluded any non-barmy advisors, and allowed herself to be convinced that the ridiculous thing she wanted to achieve (massively cut taxes without also cutting spending) could be easily achieved with a single stealthy act of genius.
All she had to do was have KK announce the massive tax cuts and then sit back as the FTSE soared. By the time it came to setting out spending plans, five weeks later, the massive boost in projected growth would mean only modest spending cuts would be needed, or none at all probably.
Then, it didn't work, because it was an obviously stupid plan. And now she's decided she has has to lay waste to an entire country rather than admit fallibility.
Betcha.
littlebabyjesus
one of Maxwell's demons
I've not been following closely (can't bear it) but she's doing pretty much what she said she would in the leadership debates, no?
But yes I don't doubt that she didn't anticipate this reaction. 30 percentage points behind in the polls is suboptimal.
But yes I don't doubt that she didn't anticipate this reaction. 30 percentage points behind in the polls is suboptimal.
Calamity1971
If Mr Peanut says It's okay, then it is.
Newscast was quite bearable tonight. From David dimbleby calling it 'a shitshow', to Steve coogan going Alan partridge radio Norfolk
Ted Striker
Foot's on the other hand
Jeff Robinson
Marxist-Lentilist: Jackboots and Jackfruit
This must be doing wonders for Scottish Independence. Hell, I suspect even some members of the Orange Order are starting to question their unionism given how loony bin English politics has become.
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LDC
On est tous des pangolins
It's actually quite terrifying. They're clearly hoping to 'ride it out' the next days and weeks and count on much of the media settling down/moving on. But if the government aren't forced to back down, and ideally got rid of, it seems the years ahead are going to be a absolutely brutal round of cuts, including things we thought were pretty safe and 'untouchable'. Unless nuclear conflagration gets us first.
Jeff Robinson
Marxist-Lentilist: Jackboots and Jackfruit
SpookyFrank
A cheap source of teeth for aquarium gravel
How you're supposed to get growth when half the country has effectively zero disposable income is never explained. The rich, the only people benefitting from Kwarteng's plan, are known to spend proportionately far less of their money than anyone else. Maybe there'll be some growth in the cocaine trade but there's no tax revenue from that.
Smokeandsteam
Working Class First
Yes. Let’s be clear: what’s coming now is an intervention by Truss and KK to ‘reassure the market’. That reassurance will come in the form of massive spending cuts to claw back the money given away to the rich and corporations.
The November benefits increase will be scrapped, the state (what’s left of it) will be ‘rolled back’, wages will have to be further held down and expensive red tape dispensed with. Those complaining about the tax cuts will now help to pay for it through higher mortgages and costs.
I’ve posted elsewhere on here the question as to whether this was a trussterfuck or a planned assertion to manufacture consent for a further assault on permanent lowers standards of living and elite hegemony.
If the latter it’s gone wrong initially. But once the parasite market is satisfied enough will be cut and an acceptable transfer of money from the working and middle classes has been extracted then the media tune will change. What then?
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doesn't the SNP's independence proposal still include keeping Sterling as Scotland's currency? that's got to be feeling a bit awkward this week.
There’s a point at which spending can’t be cut without it destroying the fabric of society, at which point it also becomes its own input to an economic death spiral. If the population are starving, they can’t buy things. A company would rather pay 30% tax on £100m of profit than 20% tax on £10m of profit. Or, for that matter, no tax at all because it has made a loss.
This isn’t just an angry “something must be done”. It’s an implacable fact that inevitably plays out. Governments usually fear failing to protect the population from ruin because they can’t survive that.
This isn’t just an angry “something must be done”. It’s an implacable fact that inevitably plays out. Governments usually fear failing to protect the population from ruin because they can’t survive that.
Artaxerxes
Look out, he's got a gnu!
Every single person in Liz cabinet is of the ingrained belief that the state shouldn't exist.
It's almost religious in its devotion to shrinking the state
What does this mean in practice, though? Because you can believe in shrinking the state all you want, but reality doesn’t tend to share your belief beyond a certain point. And I think we must be pretty close to that point
Artaxerxes
Look out, he's got a gnu!
It means we are fucked
not-bono-ever
meh
Arab diplomats urge Liz Truss not to move British embassy to Jerusalem
Private letter says ‘illegal” plan could jeopardise free trade deal between UK and Gulf Cooperation Council
Obviously I’m not up to date on all things truss, but where did this gem of an idea come from ?
Artaxerxes
Look out, he's got a gnu!
Arab diplomats urge Liz Truss not to move British embassy to Jerusalem
Private letter says ‘illegal” plan could jeopardise free trade deal between UK and Gulf Cooperation Councilwww.theguardian.com
Obviously I’m not up to date on all things truss, but where did this gem of an idea come from ?
Trump and similar dad right sponsors who are actively attempting to recreate Armageddon prophecies
I wish I was joking
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