You do know a government can never pay off its debt, right? That if the government paid off all its debt there'd literally no money.
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2022 mini-budget discussion
- Thread starter Harlequin
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It was?
I thought this was their plan...
Yes putting people first, ensuring people keep more of their earnings vs paying high taxation. They will also be removing unnecessary red tape that carried across to our legislation from our time in the EU.
Well if the tax cuts are such a bad idea the Finance Bill will never make it through parliament unscathed - such is democracy rather than hypocrisy and hysteria..
The most obvious one would be the NI protocol!
Soldato
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Can we start calling it "Blue Tape" or "Purple Tape" please, current administrative overheads should be labelled appropriately.
Soldato
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Tell the markets that and the BOE that had to bail out UK bonds yesterday to prop up pension funds, if they can just wait until the Bill can make it through parliament that isn't even sitting atm it would be most appreciated
Pound is up largely because of those GDP figures and the trade deficit came in much lower than forecast and all that coincides with a period of slight dollar weakness which is why other currencies like euro etc are also off their 20year lows against the dollar. Its really nothing to do with Truss.
The red tape that only exists as a result of us leaving the EU in such a monumentally braindead fashion you mean?
Seriously, that's it? Your entire plan to reduce red tape is to try and undo a little bit of the damage leaving the EU has caused.
*Slow sarcastic hand-clap*
You're incredible. Do you have any self-awareness at all?
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But that was part of Johnson's oven ready deal.
Someone didn't read the provided link!
Soldato
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The Tories gave us that protocol and you expect them to undo it? Dream on.
Come on, give us some examples.
Precisely what do you want to see scrapped, why do you think it's going to be beneficial, and precisely how do you expect the removal of these regulations to balance the cost of this budget?
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Tell the markets that and the BOE that had to bail out UK bonds yesterday to prop up pension funds, if they can just wait until the Bill can make it through parliament that isn't even sitting atm it would be most appreciated
From the news this morning it seems I dont need to.. there is almost a palpable sense of disappointment on here that the pound has recovered and the UK is not in recession..
Let's be honest. That is exactly what people have been doing for the past 30 odd pages.Yea, because the markets are the singular metric everyone goes by to judge if something is good or bad.
No, people are disappointed that this morning's news means that the UK's economy is actually in significantly worse shape that we thought.
You see, that's the difference between actually following business/economics news properly, instead of merely cherry-picking.
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Ignore button is useful.
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The red tape that only exists as a result of us leaving the EU in such a monumentally braindead fashion you mean?
Seriously, that's it? Your entire plan to reduce red tape is to try and undo a little bit of the damage leaving the EU has caused.
*Slow sarcastic hand-clap*
You're incredible. Do you have any self-awareness at all?
I'm not going through every piece of legislation that originated from our time in the EU, with you.
Soldato
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Dude, we've got a doom conveyor belt in charge.
It was necessary at the time to get the Brexit deal done. Times change and legislation isn't set in stone, so yes I do expect it to now change whether the EU like it or not.
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