2022 mini-budget discussion

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Dirk Diggler said:
This is exactly what caused the financial crash; not the policies themselves but the refusal to demonstrate how the numbers add up. They literally tried to gaslight the public (yet again) by claiming it wasn't a budget and therefore swerving the responsibility to balance the books.

It's a tried and tested modern day Tory tactic, they just lost track of who their real audience actually was.
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Most of the changes apply from April 2023 which is of course after the autumn statement.
 
Uther said:
He's just here to troll and get a reaction as usual.
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Anyone that doesn't tow the leftie catastrophising hysteria line is of course a troll - if you really crave the one opinion group think on this then you have SC waiting for you..

This is a mini budget discussion - unless all are conceding that the opposition and their plans (or lack of) are completely irrelevant because there is absolutely no chance of an election in the next 2 years then fair enough lol..
 
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robgmun said:
I still cannot understand the utter idiocy of voting in Truss when Sunik was obviously a far better choice. The DM went rabid over him and all the stupid brain dead party members followed suit. As a right leaning conservative I do wonder what happened to the party that I voted in *head bang*
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The party has been taken over the by the more lunatic side on the right. I've often voiced the opinion that with a Labour government, letting the far left get anywhere near power would be a terrible mistake.

Right now we just have the opposite side of the coin.

Honestly can't see anything happening now until November. The OBR will have to break out the very expensive polish and start working the faeces of this current fiscal plan.
 
n111ck said:
Anyone that doesn't tow the leftie catastrophising hysteria line is of course a troll - if you really crave the one opinion group think on this then you have SC waiting for you..

This is a mini budget discussion - unless all are conceding that the opposition and their plans (or lack of) are completely irrelevant because there is absolutely no chance of an election in the next 2 years then fair enough lol..
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You're more concerned about what could happen in two years time than you are about what's happening today.

But what about Corbyn? Wrong shoes? Drinking on a train? On noes! Better give the rich an extra £2 billion.
 
cu3ed said:
Just me or was Truss sounding scared, unconvincing and very wobbly in her interviews this morning? She comes across like she is utterly out of her depth.
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Rilot said:
She is utterly out of her depth.
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At least Boris could bluster his way through these sort of interviews with a bit of charisma and usually wasn't completely blindsided by the questions.

I think that Truss is fundamentally not close to PM material in many areas and considering how unpopular her mini-budget has been and how little time it took for the wolves to circle she doesn't have a clue wha to do. She fundamentally cannot defend it from any angle but sympathetic questioning. Thats why she kept parroting the same few soundbites.

If they don't backtrack on some of these changes they will get absolutely eaten up by the public. I imagine that currently the party is figuring out how to fix this ****-show so it doesn't kill the party and cause public unrest.
 
fez said:
At least Boris could bluster his way through these sort of interviews with a bit of charisma and usually wasn't completely blindsided by the questions.

I think that Truss is fundamentally not close to PM material in many areas and considering how unpopular her mini-budget has been and how little time it took for the wolves to circle she doesn't have a clue wha to do. She fundamentally cannot defend it from any angle but sympathetic questioning. Thats why she kept parroting the same few soundbites.

If they don't backtrack on some of these changes they will get absolutely eaten up by the public. I imagine that currently the party is figuring out how to fix this ****-show so it doesn't kill the party and cause public unrest.
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Boris was pretty much the same if off script imo. His only saving grace was when parroting a pre prepared speech.
 
Murphy said:
I mean it's pretty basic economics, you (the government) should borrow to spend when interest rates are low and borrow less when interest rates rise, not the other way around as we've been doing for the last 12 years.

You do that because when the private sector loses confidence like they did after the 08 global financial crash you want to increase the supply of money in the economy to stimulate growth and restore confidence, when confidence starts returning (when you start getting increases in GDP growth) you wind down the borrowing because the private sector feels confident enough to take on more debt, then if you start to see inflation rising above targets you should start repaying that debt, you should start taking more out of the economy than your spending, you should be repaying the debt that you accrued when interest rate were low.

Basically you work with your central bank, not against them.
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I'm aware of many mechanisms and lots of good articles, I was just amazed that someone so vocal when asked why he was arguing the opposite of a previous stance had no idea why which highlights a major problem in politics, both sides are ineptly arguing for points always at the detriment of society..

You could iterally replace most politicians with a basic algorithm

my_stance = ! their_stance
 
sigma said:
You're more concerned about what could happen in two years time than you are about what's happening today.

But what about Corbyn? Wrong shoes? Drinking on a train? On noes! Better give the rich an extra £2 billion.
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So you agree that Labour are irrelevant to this discussion? And claims they make re related policies should be ignored as hot air?
 
n111ck said:
So you agree that Labour are irrelevant to this discussion? And claims they make re related policies should be ignored as hot air?
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This is about the Conservative party crashing the economy - try to get in the real world. Supply Side wont help with the current mess, which the Chancellor caused with his mini budget which will achieve nothing - except chaos.
 
Harlequin said:
This is about the Conservative party crashing the economy - try to get in the real world. Supply Side wont help with the current mess, which the Chancellor caused with his mini budget which will achieve nothing - except chaos.
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So you agree that Labour are irrelevant to this discussion? Simple question..
 
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