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18bn - I have no idea where these cuts will come from. I suspect mass redundancies.
2022 mini-budget discussion
- Thread starter Harlequin
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18bn - I have no idea where these cuts will come from. I suspect mass redundancies.
What a circus hahaha, what in earth is going on!
KK 'The PM has decided not to go ahead with the abolition of the rate'
BBC 'So the PM made the decision?'
KK 'No No No, we talked together. We talk all the time'
Seems so far from the truth sometimes, especially when we get different answers from both of them just 1 day apart in separate interviews.
KK 'The PM has decided not to go ahead with the abolition of the rate'
BBC 'So the PM made the decision?'
KK 'No No No, we talked together. We talk all the time'
Seems so far from the truth sometimes, especially when we get different answers from both of them just 1 day apart in separate interviews.
Caporegime
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What’s the alternative?
Seriously we can all moan and groan but every possible option is damaging
Caporegime
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Have they just announced this?
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Caporegime
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No idea. Have they? Anyone have a link to what was announced?
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Soldato
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At least it could the the first stone in paving our way back to the single market. There’s a free 4% 
Although there is a tax bracket exceeding 100% for some: if you have 8 kids (or 7 and a student loan), your marginal rate between £50k and £60k goes over 100%, meaning you are worse off after a pay rise.
Selling off parts of the NHS?
Caporegime
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Ah
So not actual cuts as such, but because inflation is higher than predicted they will have less money on the same budget.
Making them make their own cuts rather than forcing cuts on them.
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The 45% tax rate
Luckily, usually having 8 kids and earning £50k are mutually exclusive
Soldato
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Hold on, they've just reversed a tax cut from the mega rich, more money in the kitty.
How does that now mean minutes later, they need £18Bn in cuts from public services?
How have public services become such a "money waste" since the mini-budget 10 days ago?
How does that now mean minutes later, they need £18Bn in cuts from public services?
How have public services become such a "money waste" since the mini-budget 10 days ago?
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They'll pay people like Capita huge amounts of money to make up savings and deliver them by decimating services and making up numbers.
They've reversed 2bn of cuts, they are still going ahead with about 43bn of tax cuts... people think this is a win, it isn't. The problem still exists.Hold on, they've just reversed a tax cut from the mega rich, more money in the kitty.
How does that now mean minutes later, they need £18Bn in cuts from public services?
The recent u-turn is interesting, specifically around these quotes:
I expect the first is when challenged on the 45% tax cut, and is part of an answer that lumps it all in with "the package" as an easy way of defending/heel digging in the face of huge backlash (around the entire plan), and then the second answer is when they've decided to split off the 45% rate cut and treat it as something that isn't intrinsically linked to the larger plan. Still not amazing communication but I can understand why these quotes exist.
While I appreciate that the 2bn is a drop in the ocean, in terms of optics and market spooking I think it's good. You guys may say this isn't a win - and while I agree as per my statement ref the actual numbers - doesn't the pound bouncing back seem to indicate that it's a confidence builder? I saw a lot of people using the pound tanking as evidence that the budget announcement was a bad decision, is it rising again now a sign that the announcement to scrap part of it is a good one?
“This is definitely the right decision and we’re sticking with it for the good of the country.
“We’ve reversed the decision because it was a distraction.”
I expect the first is when challenged on the 45% tax cut, and is part of an answer that lumps it all in with "the package" as an easy way of defending/heel digging in the face of huge backlash (around the entire plan), and then the second answer is when they've decided to split off the 45% rate cut and treat it as something that isn't intrinsically linked to the larger plan. Still not amazing communication but I can understand why these quotes exist.
While I appreciate that the 2bn is a drop in the ocean, in terms of optics and market spooking I think it's good. You guys may say this isn't a win - and while I agree as per my statement ref the actual numbers - doesn't the pound bouncing back seem to indicate that it's a confidence builder? I saw a lot of people using the pound tanking as evidence that the budget announcement was a bad decision, is it rising again now a sign that the announcement to scrap part of it is a good one?
Soldato
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Dream on. Its been shown again and again that our politicians are above the law. The MET won't touch them.
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