2022 mini-budget discussion

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The growth plan is to become Singapore. So low corporation tax of say 10%, low PAYE taxes, low business regulation, no environmental controls etc.

That will encourage companies to invest in the UK and set up new business here.

downsides is in order to get to this point they have to

Cut public spending by a third
Have a basic (very basic) safety net
Remove workers rights like minimum holidays, WTD, right to tribunal, right to maternity leave etc
Get rid of the minimum wage
A massively devalued pound eg $0.8 to the £ in order to make exports cheap and make foreign invested money go further.

Then people will fall into one of two categories:

Those with businesses or who start new businesses or high paid highly skilled jobs who will become much much richer than they are now.

The other 80% of the country who will barely scrape a living to make ends meet.

In order to do this you should probably take around 20 years at least. They are planning to do it in 2. Unless people are stupid enough to give them another 5 years.

Will work if you do it slow enough unless the peasants revolt.
Sounds like Chris' wet dream. Although he probably won't be in the top 20% he'll vote for it anyway just to get one over on the EU!
 
Poor old Boris gets hammered for a bit of cake kind of a party, he should have have gone full bunga bunga orgy and to hell with it... :) It'd have had to have been "catered" though, there aren't many in the Tory party I'd be rushing to bunga bunga with....

The Left will soon be pleading for Boris to be reinstated at this rate <LOL>

Everyone happy now Boris has been punished for his little party and a slice of cake...? :)

Well the celebrations about cleansing the Tory party of big bad Boris didn't last long...

It seems those that wished, willed and finally orchestrated it are not chess players and had no thoughts as to where their impetuous move may later lead them :)

I can see "Come back Boris" being mouthed, if not yet vocalised ;)

You feeling alright Chris? you seem to be stuck in a bit of a loop when it comes to your Lord and Saviour Boris Johnson. :cry:
 
Sounds like Chris' wet dream. Although he probably won't be in the top 20% he'll vote for it anyway just to get one over on the EU!

What makes you think he won't be in the 20%? Everything he posts gives off the smell of an entitled person who's very much part of the establishment. He probably even owns slaves.
 
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What makes you think he won't be in the 20%? Everything he posts gives off the smell of an entitled person who's very much part of the establishment. He probably even owns slaves.
sssshhhhhh Chris doesnt call them slaves anymore, they are called the "hired help" - nanny, cook, gardener etc. He will be very happy to see the end of minimum wage as they arent worth more than £4 per hour :p
 
Let's play... They are making the UK a tax haven

Average or below I guess you gradually slide down the poverty scale. And get rooted there.
With no NHS, workers rights, public services stripped to the bone do people end up becoming slaves?

But how do you make ends meet? How do you not just die as a peasant? Or am I thinking too much in terms of current state?

Do we slide towards the USA system and then carry on?


You guys have suggested Singapore as a model?
I'm not sure how they can progress to this at the pace they are pushing. Surely the next general election they'll be out.

But with the EU gone it does seem like it is a potential plan.


I can't even imagine the time line of events. And how a country as big as the UK can even theoretically handle it? There would be a mass exodus of those who can but who aren't wealthy. Leaving a top and bottom.
 
You feeling alright Chris? you seem to be stuck in a bit of a loop when it comes to your Lord and Saviour Boris Johnson. :cry:

Yes thank you, I am feeling fine. I do like Boris and am grateful to his government for showing the EU how to organize vaccine supplies, distribute them and (in my personal opinion overly generously) support businesses that might otherwise have failed. I bear him no ill at all, he's OK by me. Not keen on Liz Truss, too many U turns in her past, not in my humble opinion a particularly bright spark, and seems to have something of a lack of personality. Hard for the likes of me to believe a Europhile, Liberal and anti Monarchist can suddenly change their spots so comprehensively. Plus she's a woman, they have to try extra hard, with me being a sexist ;)

As for the chancellor, my jury is out, he's either mad or trying to create a tax haven. That is all my limited knowledge of government finances suggests to me. I think I could get on board with the latter.
 
I can't even imagine the time line of events. And how a country as big as the UK can even theoretically handle it? There would be a mass exodus of those who can but who aren't wealthy. Leaving a top and bottom.

Most brits don't speak a foreign language to apart from the very rich, an exodus would be extremely limited, since they aren't going to get jobs, and many countries have much higher unemployment rate as it is, so don't need/want a bunch of middle management level Brits.
 
Most brits don't speak a foreign language to apart from the very rich, an exodus would be extremely limited, since they aren't going to get jobs, and many countries have much higher unemployment rate as it is, so don't need/want a bunch of middle management level Brits.

As someone who would likely suffer I'd be looking to get out. It sounds absolutely horrendous. I feel I'm marketable working in the technology field. I guess it's better to make the move sooner rather than later. Because a whole swathe of people will be wanting the same if this does indeed stick.
 
I think some of the Tory voters would, in their Mrs. Bucket moments, quite like the idea of living in a tax haven, even if it impacted them neutrally or even negatively. It has a certain cachet and grandeur about it, I am starting to think this odd fella' is onto something, and not actually crackers...

Can he sell it, if indeed he is going to try to? Time will tell, fascinating stuff. He could be some druggie having a laugh of course, nowt surprises me any more.
 
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I am truly unsurprised at that polling. This is what arrogance gets you in this country.

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Lots of people mistakenly think they would like the UK as a Singapore style tax haven because they assume they would end being one of the top people and do very well out of it. Sadly a lot of those people will be wrong and find themselves in the other group.

I saw an article the other day about how the Singapore middle class are feeling the CoL pressure and the example given was a business owner whose monthly wage was three times the average annual wage in the country and he was complaining that he was struggling with increased costs and the Govt needed to do something to help him out.
 
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