2022 mini-budget discussion
- Thread starter Harlequin
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No we've been exporting it as well. All of the west has by using labour arbitrage to the east.
Great. Just what we need, another circus for the media to milk for stupid amounts of weeks that everyone gets sick to the back teeth.
Soldato
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- 31 May 2009
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This is complete and utter *****.
Go on, produce any source that shows those in the 45% were employers of 99% of the country. Suggesting none of them are employees themselves.
If you truly believe your statement, it shows just how completely wrong you are in anything economy based.
I won't link to it directly as it's The Sun (archive link) but if they're running with the headline "KWARMAGEDDON! £1trillion of Brits’ pensions narrowly saved from collapse as Truss and Kwarteng accused of going AWOL during meltdown" you have to question how long they have left. Bets on shortest premiership ever?
Also if the BoE had to step in to save pensions it makes a mockery of the claims that a windfall tax would effect everyone's pensions.
Also if the BoE had to step in to save pensions it makes a mockery of the claims that a windfall tax would effect everyone's pensions.
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Proposed windfall tax to generate 6 billion.
Pensions saved 60 billion.
Can we rename thread again to Kwasi's massive shift in economic policy.
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As expected the very poorest in society will be getting shafted again...
Mr Philp suggested benefits may not be hiked in line with spiralling inflation. He said a commitment by former chancellor Rishi Sunak to uprate benefits in line with inflation was under consideration amid reports different government departments have been asked to draw up plans for efficiency savings.
Mr Philp told ITV's Peston: "We are going to look for efficiencies wherever we can find them."
But he said the Treasury would not commit to an expected uprating of benefits in line with inflation.
Pressed about the decision, he said: "I am not going to make policy commitments on live TV, it is going to be considered in the normal way, we will make a decision and it will be announced I am sure in the first instance to the House of Commons."
Mr Philp suggested benefits may not be hiked in line with spiralling inflation. He said a commitment by former chancellor Rishi Sunak to uprate benefits in line with inflation was under consideration amid reports different government departments have been asked to draw up plans for efficiency savings.
Mr Philp told ITV's Peston: "We are going to look for efficiencies wherever we can find them."
But he said the Treasury would not commit to an expected uprating of benefits in line with inflation.
Pressed about the decision, he said: "I am not going to make policy commitments on live TV, it is going to be considered in the normal way, we will make a decision and it will be announced I am sure in the first instance to the House of Commons."
Hardly a big surprise, isn't that the Tory mandate?
So back to austerity then. I expect there is lots of fat to cut with such bulging budgets over the past 12 years...
The environmental agency recently said going out in the field to measure, observe & document basically isn't a thing anymore, it's not done on enough scale to build a usable picture so they essentially hope Joe Public submits data, which they do but not nearly enough. Unsurprisingly our waterways are in a terrible state.
The environmental agency recently said going out in the field to measure, observe & document basically isn't a thing anymore, it's not done on enough scale to build a usable picture so they essentially hope Joe Public submits data, which they do but not nearly enough. Unsurprisingly our waterways are in a terrible state.
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This directly means cuts in NHS and council services but dont worry, the wealthy can use the tax cuts they now get to pay for private replacement services like medical, dental, refuse etc so they won't be affected.
Almost as if it's intentional
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The paper was interesting. Hopefully Kwasi is currently on a dinner date with the BOE boss, so they can sort this all out.
Most budgets at councils are already at or below the minimum deliverable services. Cant cut anymore or they`ll be sued.
Budget cuts would happen anyway during a recession, but the tax cuts means there will likely be more which is worse situation.
The Great Depression Recession. Another Winter of Discontent, all looming.
WRT to my previous mortgage. It was 2002, and the mortgage amount was IIRC, £127k (6.75pc). Prior to this, in 2001, I earnt £12k and had a £67.5k mortgage at 6.9pc. In 2002, with the next mortgage, I earned £17500. Petrol was about 70p/litre. As a ratio of income to mortgage debt, that was 13pc. It's now 40pc. Perhaps that's just a compound of the good years and buying / selling at the right time. 2009 to 2012 felt worse IMO.
WRT to my previous mortgage. It was 2002, and the mortgage amount was IIRC, £127k (6.75pc). Prior to this, in 2001, I earnt £12k and had a £67.5k mortgage at 6.9pc. In 2002, with the next mortgage, I earned £17500. Petrol was about 70p/litre. As a ratio of income to mortgage debt, that was 13pc. It's now 40pc. Perhaps that's just a compound of the good years and buying / selling at the right time. 2009 to 2012 felt worse IMO.
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