2022 mini-budget discussion

Status
Not open for further replies.
n111ck said:
Refreshing not to see the usual u turn after media hysteria lol - ultimately over £2bn, ridiculous..

So Labour are saying they wouldn't undo the cuts apart from reverting the 40% rate to 45% over £150k so what's their plan for funding this?

Also Labour saying they would reinstate the 45% rate and then use this 'new' money to pay for whatever policy goes down best on Twitter is just another reminder as to why they are not to be taken seriously..
Click to expand...

Did you miss the entire £500 Billion wiped off the stock market or the BoE being forced to print £65 Billion so UK PLC pensions fund doesnt collapse?
 
n111ck said:
The £2bn is the 'cost' of the 45% tax rate change which all this is ultimately about.

So Labour want to be in government but their potential policies (ore lack of) are not open for debate? I wonder why..
Click to expand...

So you literally ignore what has happened in the last 48 hours and simply go herp derp Labour?
 
n111ck said:
So you dont think Labour have a chance of being elected so what they say can be safely ignored own this situation?
Click to expand...

The GE is in 2024, this is happening right now; so going herp derp Labour is deflecting from what is actually happening and is ignoring the consequences oh pre school level economic policy - 18 months before a GE.
 
n111ck said:
So you dont think Labour have a chance of being elected so what they say can be safely ignored own this situation?
Click to expand...

Cutting taxes (supply side economics) is one way of stimulating growth - BUT, the UK has 2 significant barriers to that approach even having a chance. 1) There are more jobs and people looking for work. 2) The UK has sky high inflation thats rising.

Companies have zero incentive for employing and are in survival mode as the recession deepens. The government can fudge the numbers, but UK PLc has a deflating economy, once anyone competent actually looks at the numbers.
 
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?
Click to expand...

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.
 
Status
Not open for further replies.
Back
Top Bottom