2022 mini-budget discussion

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200sols said:
Like him or not, he was much better than this lot.

www.bloomberg.com

Sunak Warns of Risk of Markets Losing Confidence in UK Economy

Rishi Sunak, the underdog in the UK Conservative leadership race, has warned that the next prime minister faces the risk of markets losing confidence in Britain’s economy.
www.bloomberg.com www.bloomberg.com
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Like most things, I don’t think Johnson gave a toss about economic policy, he outsourced it completely and then just enjoyed all the “likes”. He would have let Kwarteng do what he wanted if the roles were that way around (and I do realise that’s a combination that would be unlikely to happen)
 
inferno said:
Bring back Boris
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No chance, I'm actually pleased Truss and the swivel eyed loons are in power, as we can now see in its full glory what happens when we go forward with what the Brexiteers wanted.

No more arguing about theoretically what would happen, we can see the disaster unfolding as was predicted if we followed their bonkers Minford economic model.
 
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If it is found out that this government has made a pact with hedge funds to lay a siege on this country's treasury after a decade of lies I must say that the country's patience will wear thin enough that a Cromwellian figure is assured.
 
UK turning into a banana republic. When will the government start blaming the BoE for not getting aboard their inflation train.

First government in my living memory with no credibility. Even Boris Johnson had cabinet members who actually cared about consequences.
 
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muon said:
UK turning into a banana republic. When will the government start blaming the BoE for not getting aboard their inflation train.

First government in my living memory with no credibility. Even Boris Johnson had cabinet members who actually cared about consequences.
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Did he, who (at least in the senior roles)?
 
Devilman said:
Don't forget the left too... It's always THE LEFT!

Oh and Corbyn.

:cry: :cry:
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Yea, Im no Corbyn fan, but his idea of borrowing to spend £50Bn on infrastructure was met with howls of "He wants to bankrupt the Country!1!1!" and "He'll turn us into VeNeZuEla"

But the same drones now defend double that borrowing to fund tax cuts....
 
doodah said:
Did he, who (at least in the senior roles)?
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We had chancellors who the market didn't think were crazy.

The ruble is more credible than the £ right now. The market is rightly worried about £ inflation and increased risk of default.
 
Freakbro said:
Yea, Im no Corbyn fan, but his idea of borrowing to spend £50Bn on infrastructure was met with howls of "He wants to bankrupt the Country!1!1!" and "He'll turn us into VeNeZuEla"

But the same drones now defend double that borrowing to fund tax cuts....
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Worse, they bend the truth and twist reality to attempt to paint it as something it isn't.
Just look at the "discussion" I had yesterday with Delta0 about how reducing the tax intake will cause us to have to borrow even more money, but he refused to accept it.

He was adamant that reducing our tax intake did not mean we would have to borrow "even more money than before, regardless of the enegry price cap"
 
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Well, I did say here on OC be careful what you wish for, when the lynch mob were in full on baying mode for Boris' head.

Even I have to laugh at just how soon after his totally unjustified ousting by the conservative party Left leaning folk on the Internet are wishing for his return :)
 
This Facebook comment tickled me...
"Why are people so angry about the mini budget. It’s trickle down economics. So when the millionaires get an extra £50k pa tax break, they can buy another Ferrari on credit. Then Suzanne who works in Starbucks on minimum wage can serve them a coffee on their way home. Everyone wins apart from Suzanne but that doesn’t matter "
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Chris Wilson said:
Well, I did say here on OC be careful what you wish for, when the lynch mob were in full on baying mode for Boris' head.

Even I have to laugh at just how soon after his totally unjustified ousting by the conservative party Left leaning folk on the Internet are wishing for his return :)
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In case it has slipped past your extremely blinkered view and mindset, people want rid of THE TORY PARTY, This is not just about Boris, Truss or Sunak.

This goes far beyond which Muppet Puppet Master they have as it's leader.
 
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muon said:
We had chancellors who the market didn't think were crazy.

The ruble is more credible than the £ right now. The market is rightly worried about £ inflation and increased risk of default.
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I thought Sunak was pretty terrible but at this rate, he's a few orders of magnitude more competent than Kwarteng.
 
My mind boggles why they didn't get sunak in. What state will the country be in in 2 years time?

How bad does it have to get before we can get this lot out?


Country is going down the pan
 
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