2022 mini-budget discussion

[Harlequin]

Kwasi Kwarteng seeks to scrap bankers’ bonus cap to boost City of London

Move to drop EU-era law highly contentious but chancellor argues it will aid economy

www.ft.com

Kwasi Kwarteng seeks to scrap bankers’ bonus cap to boost City of London

All in this together...........

edit:

Chancellor wants to scrap bankers’ bonus cap to boost City of London

Boris Johnson backed away from move, fearing political backlash – but Kwasi Kwarteng has put it back on agenda

www.independent.co.uk

None subscriber source

 

[Harlequin]

Kwasi is probably eyeing up more tax revenues from them. The UK needs to be a lot more competitive in a lot industries we are really lagging behind!

How you get tax revenues from individuals, registered as companies (in the cayman islands) who only receive dividends and not wages (or paye)?

 

[Harlequin]

Extra tax revenues? Companies should be able to pay whatever they want to their employees but they shouldn't be bailed out with tax payers money if their businesses collapses like a house of cards.

30% of Congress wanted to do that in 2008 with Lehman Brothers - even after it was explained that the collapse of a company with $2 Trillion in debt would crash the economy.

 

[Harlequin]

Whilst we might disagree about the methods at least we have a Chancellor and PM that seem to be genuinely interested in improving the UK's productivity. I can't remember the last time that was a genuine Government priority we seem to have spent most of the last 30 years virtue signalling first and governing second.

How does throwing taxpayers cash to companies profit margins, help with productivity?

 

[Harlequin]

Not next time they won't. Some older people might still vote for them. I will be voting for giant phallus scrawled on my ballot.

Waste of a vote...

 

[Harlequin]

Again.... considering the unprecedented level of blatant dishonesty that has been displayed by the Tory party as a whole, let alone by some of it's main players (Boris while PM, pretending to be ambushed by a cake while getting ****ed up during lockdowns) How can you possibly sit there with a straight face and pretend you would rather continue with this utter ****-show of a political party we have had to endure for the last 12 years, versus giving the alternative a try.

Might I remind you that while Boris was busy lying, cheating and stealing his way through his tenure as PM, Starmer was found to actually have credibility and even after being investigated TWICE over "beergate / currygate" was found to be entirely innocent, unlike Boris and many others from Tory Party.
In the face of all this.... you would still prefer to choose the bunch of liars who have trashed the country for the last 12 years?

Its corruption , worse than all african dictatorships combined

 

[Harlequin]

Seems we have the usual suspects denying eveeything , here today.

 

[Harlequin]

Remind us what you do for a job Dowie?

He works for JCB and digs holes.

 

[Harlequin]

Oh wait Dowie is now blaming CORBYN for the war in Ukraine. Literally cant make this **** up.

 

[Harlequin]

GBP to USD heading to $1 to £1. Historic lows/

 

[Harlequin]

It makes the UK a very attractive place for the USA to invest and operate in.

It does, the USA has also said the areas it wants = healthcare and related insurance, farming (GM) and imported food supply. For the last, look at the great recession of british farming as what will happen ( from history).

 

[Harlequin]

Every self employed person I know has an accountant who helps them lower their tax liability. That is a far larger % of the workforce than you might imagine, not everyone is on PAYE.

And the IR35 changes are being reversed....

 

[Harlequin]

BoE should just let the government take the hit from crashing the economy - then selling the NHS

 

[Harlequin]

https://twitter.com/x/status/1575070902223798274

 

[Harlequin]

Inevitably there is going to be spending cuts happening everywhere. Tough times

Most council budgets are so low they cannot even meet the legal obligations - and are being taken to court over that small fact.

 

[Harlequin]

Seems USA Hedge funds have started a sell off , to try and avoid the incoming crash - UK Gilts are falling off a cliff.

 

[Harlequin]

So the Far Right are actually defending this....

 

[Harlequin]

Gordon Brown sold/ate all the reserves years ago, just plain digestives left in the tin. What are we talking about?

He sold the reserves and bought foreign currency, which earnt more than lumps of shiny metal did.

 

[Harlequin]

Great so massive cuts coming to public services to pay for tax cuts to the richest in society and to give bankers huge bonuses. Can't make it up

Most budgets at councils are already at or below the minimum deliverable services. Cant cut anymore or they`ll be sued.

 

[Harlequin]

Wait until the house repossessions start after xmas.....