Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Field Marshal Dr. Opti on 28 September 2022, 16:38:11
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With the Bank of England stepping in and the pound almost at parity with the dollar she needs to be more visible.
Same goes for KK.
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Hiding behind the sofa whimpering " no-one said it would this difficult". ::)
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Laughing at Starmer as the left wing of the party hold meetings separate from the conference, calling him a tory and threatening to split.......again. :)
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The politicians of this country sink to new lows daily. Same the world over to be fair. >:(
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Anyone for a Buffoon Boris come back? ;D ;D
Seriously though, how can Truss survive the absolute disaster she has caused? >:(
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She is PM. She should be all over the media at this time.
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She is desperately trying to find a copy of Economics for dummies that didn't get random pages stuck together the
first only time it was opened in an Eton dormitory.
While she's doing that - and it's a hopeless task - the rest of the country is praying for a government that doesn't consist of useless Lady bitss.
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It wouldnt be possible to assemble one of those from the entire House of Commons, even if we were to ignore party loyalties.
That is the real problem.
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Is it me then? :-\
Most of Kwasi Kwarteng's mini budget was leaked in advance so we knew for example they planned to cancel Sunak's ill advised hike in National Insurance and Corporation Tax, both measures apparently 'costing' about £20 billion each.
We knew that the Government planned to subsidise residential and business energy bills at an unknown open ended cost. Some estimates were as high as £200 billion. Nobody batted an eyelid and it's fair to say that the markets 'priced it in'.
The surprise parts of the mini budget are fairly minimal in the grand scheme of things:
Abolishing the 45% tax rate apparently costs about £2 billion, but may end up raising more revenue as happened when they scrapped Gordon Brown's 50% rate.
Abolishing IR35 rules for the self employed apparent costs about £2 billion, but again simplifying the tax system may raise more revenue.
Increasing Stamp Duty threshold apparently costs £1.7 billion, but you don't need Nick's sticky copy of Economics for Dummies to understand this one.
Keeping the annual investment allowance at £1 million apparently costs £1.7 billion, but encouraging businesses to invest is a no brainer and something that the Labour Party consistently bangs on about.
So all in all we're talking about roughly £8 billion of tax cuts that were unexpected, are very likely to boost the economy and raise more revenue, and the amounts are chicken feed comparatively anyway. ::)
So why has everyone lost their minds over it all? ???
I think it's all very bizarre and smacks of an orchestrated attempt to bring down the Govt. Can't have them straying from the globalist script now can we? :)
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You maybe right Sir Tigger,
But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions. The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable.
The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.
No, all in all this is a mess. Politically is is very damaging. Financially for the U.K. it is disastrous.
Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement. Tory MP’s privately and not so privately are now starting to publicise their fears.
Truss going missing is telling its own story!
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No, it's not just you, Sir Tig. The country has turned into a group of whining old fannies. Obviously, Starmer and his bunch of misfits will milk it to the max, so it follows the sycophantic BBC and ITV will follow suit. You only had to look at the type of people the news channels interviewed after the statement in the house. Mrs Jones from oop north, a single mother of five, wondered why the government hadn't given her a massive increase in child benefit. A local market trader, with a barrow full of Chinese shite, wondered why business rates hadn't been cut.
Bollix, 'A bit of how's yer father' them all. I hope Liz throws them all a deaf ear and carries on regardless.
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You maybe right Sir Tigger,
But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions. The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable.
The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.
No, all in all this is a mess. Politically is is very damaging. Financially for the U.K. it is disastrous.
Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement. Tory MP’s privately and not so privately are now starting to publicise their fears.
Truss going missing is telling its own story!
Are you now a financial expert as well? Or are you just parroting what you heard on the news? No need to reply, I know the answer already.
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Here are some nice pictures for you to have a look at:
(https://i.ibb.co/pJYwSzS/46-A4-E891-7-E59-43-F4-9913-6013-AD0-C3942.png) (https://ibb.co/qkTjvsv)
(https://i.ibb.co/zNsmjNH/2-CB0-F971-2-E80-47-AB-9822-69-BF6-DB1141-C.png) (https://ibb.co/b716q7R)
(https://i.ibb.co/wh8W9vT/A869-FE5-B-2-E24-4-D7-F-8-E7-A-20-CB811-C8126.png) (https://ibb.co/SwHnhL2)
Which index has fared best, by far, over the last year?
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You maybe right Sir Tigger,
But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions. The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable.
The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.
No, all in all this is a mess. Politically is is very damaging. Financially for the U.K. it is disastrous.
Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement. Tory MP’s privately and not so privately are now starting to publicise their fears.
Truss going missing is telling its own story!
Are you now a financial expert as well? Or are you just parroting what you heard on the news? No need to reply, I know the answer already.
Why the hostility Steve? ::) ::)
I am just voicing an opinion after listening and absorbing what is transpiring. As for being a financial expert; not on a national basis, no. BUT having had for two decades complete P&L responsibility for a £100 million budget (in the 1990’s) for our business, I know all about good commercial financial controls, and my future depended on it.
So I know very well about corporate politics and responsibilities. ;)
If I had published to the Board of Directors in the States a financial plan as Truss has that had such an immediate, appalling, affect, then I would have been paid off.
But of course, no one, and especially me as a women, can express their knowledge and opinion on the OOF now, if it is at odds with their ideas. >:(
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You are probably the most condescending person I have ever had to listen to. Working in a shop doesn't make you chancellor of the exchequer material ;D
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You maybe right Sir Tigger,
But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions. The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable.
The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.
No, all in all this is a mess. Politically is is very damaging. Financially for the U.K. it is disastrous.
Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement. Tory MP’s privately and not so privately are now starting to publicise their fears.
Truss going missing is telling its own story!
The reason that 'they' think it's all a big mistake is that they are afraid that the reforms will work and Britain will experience a shorter and shallower recession than our contemporaries who will be forced at the ballot box to follow suit, which in turn will destroy the high tax/regulation model that most western democracies have been following for the last 20-30 years in spite of the fact that this model has delivered low growth rates.
Sterling has been declining against the Dollar for months now in tandem with all other major currencies. The Euro is now worth less than a Dollar for example, but the lefty commentariat are happy to ignore that. ::)
Britain's Debt to GDP ratio is the second lowest in the G7 after Germany so it's not like we are hitting a debt ceiling or anything.
The Bank of England has been asleep at the wheel this year and should have raised rates sooner to limit inflation and shore up Sterling. Unfortunately they will probably deliver a massive hike in November in an attempt to catch up, but this will and already has been presented by Britain's corrupt media as a result of the mini budget. They were likely to deliver at least another half a percent anyway in November....
Scrapping the mini budget would be disastrous, would likely result in a vote of no confidence in the Govt which at this point with the help of spineless Tory wets would pass and we would have a GE. If Labour won we would be condemned to the high tax/big government model forever as I doubt any politician would ever be brave enough to try and break away from it again. :-\
Liz Truss needs to tough this out. She doesn't have to call a GE until December 2024 and if the reforms work she will confound her critics and win a majority. :)
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You maybe right Sir Tigger,
But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions. The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable.
The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.
No, all in all this is a mess. Politically is is very damaging. Financially for the U.K. it is disastrous.
Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement. Tory MP’s privately and not so privately are now starting to publicise their fears.
Truss going missing is telling its own story!
The reason that 'they' think it's all a big mistake is that they are afraid that the reforms will work and Britain will experience a shorter and shallower recession than our contemporaries who will be forced at the ballot box to follow suit, which in turn will destroy the high tax/regulation model that most western democracies have been following for the last 20-30 years in spite of the fact that this model has delivered low growth rates.
Sterling has been declining against the Dollar for months now in tandem with all other major currencies. The Euro is now worth less than a Dollar for example, but the lefty commentariat are happy to ignore that. ::)
Britain's Debt to GDP ratio is the second lowest in the G7 after Germany so it's not like we are hitting a debt ceiling or anything.
The Bank of England has been asleep at the wheel this year and should have raised rates sooner to limit inflation and shore up Sterling. Unfortunately they will probably deliver a massive hike in November in an attempt to catch up, but this will and already has been presented by Britain's corrupt media as a result of the mini budget. They were likely to deliver another half a percent anyway in November....
Scrapping the mini budget would be disastrous, would likely result in a vote of no confidence in the Govt which at this point with the help of spineless Tory wets would pass and we would have a GE. If Labour won we would be condemned to the high tax/big government model forever as I doubt any politician would ever be brave enough to try and break away from it again. :-\
Liz Truss needs to tough this out. She doesn't have to call a GE until December 2024 and if the reforms work she will confound her critics and win a majority. :)
Agreed, but in the meantime...........whining old fannies ;D
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An another thing....
Since when did the IMF become Social Justice Warriors FFS? ::)
Who thefk do they think they are lecturing us about inequality and telling us to restore the 45% tax rate! :o
The Bulgarian woman who is the MD is an ex EU Vice President so we know where her sympathies lie and they don't want the UK becoming too competitive now do they? ??? ::)
There was a report in Bloomberg the other day that banks on the continent are worried about losing staff, as they'll want to come and work in London when the cap on bankers bonuses is scrapped. ;)
Liz Truss should tell them to foxtrot oscar! :y
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An another thing....
Since when did the IMF become Social Justice Warriors FFS? ::)
Who thefk do they think they are lecturing us about inequality and telling us to restore the 45% tax rate! :o
The Bulgarian woman who is the MD is an ex EU Vice President so we know where her sympathies lie and they don't want the UK becoming too competitive now do they? ??? ::) There was a report in Bloomberg the other day that banks on the continent are worried about losing staff, as they'll want to come and work in London when the cap on bankers bonuses is scrapped. ;)
Liz Truss should tell them to foxtrot oscar! :y
Yep, and American bank bosses said they'd pay them in dollars, even though they were based in London ;D
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An another thing....
Since when did the IMF become Social Justice Warriors FFS? ::)
Who thefk do they think they are lecturing us about inequality and telling us to restore the 45% tax rate! :o
The Bulgarian woman who is the MD is an ex EU Vice President so we know where her sympathies lie and they don't want the UK becoming too competitive now do they? ??? ::) There was a report in Bloomberg the other day that banks on the continent are worried about losing staff, as they'll want to come and work in London when the cap on bankers bonuses is scrapped. ;)
Liz Truss should tell them to foxtrot oscar! :y
Yep, and American bank bosses said they'd pay them in dollars, even though they were based in London ;D
That's probably enough for the EU to introduce currency controls! ;D
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You maybe right Sir Tigger,
But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions. The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable.
The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.
No, all in all this is a mess. Politically is is very damaging. Financially for the U.K. it is disastrous.
Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement. Tory MP’s privately and not so privately are now starting to publicise their fears.
Truss going missing is telling its own story!
Are you now a financial expert as well? Or are you just parroting what you heard on the news? No need to reply, I know the answer already.
Why the hostility Steve? ::) ::)
I am just voicing an opinion after listening and absorbing what is transpiring. As for being a financial expert; not on a national basis, no. BUT having had for two decades complete P&L responsibility for a £100 million budget (in the 1990’s) for our business, I know all about good commercial financial controls, and my future depended on it.
So I know very well about corporate politics and responsibilities. ;)
If I had published to the Board of Directors in the States a financial plan as Truss has that had such an immediate, appalling, affect, then I would have been paid off.
But of course, no one, and especially me as a women, can express their knowledge and opinion on the OOF now, if it is at odds with their ideas. >:(
That's effect, and you are a woman. The American board of directors would wonder about your figures if your grammar was so poor, surely?
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Is it me then? :-\
Most of Kwasi Kwarteng's mini budget was leaked in advance so we knew for example they planned to cancel Sunak's ill advised hike in National Insurance and Corporation Tax, both measures apparently 'costing' about £20 billion each.
We knew that the Government planned to subsidise residential and business energy bills at an unknown open ended cost. Some estimates were as high as £200 billion. Nobody batted an eyelid and it's fair to say that the markets 'priced it in'.
The surprise parts of the mini budget are fairly minimal in the grand scheme of things:
Abolishing the 45% tax rate apparently costs about £2 billion, but may end up raising more revenue as happened when they scrapped Gordon Brown's 50% rate.
Abolishing IR35 rules for the self employed apparent costs about £2 billion, but again simplifying the tax system may raise more revenue.
Increasing Stamp Duty threshold apparently costs £1.7 billion, but you don't need Nick's sticky copy of Economics for Dummies to understand this one.
Keeping the annual investment allowance at £1 million apparently costs £1.7 billion, but encouraging businesses to invest is a no brainer and something that the Labour Party consistently bangs on about.
So all in all we're talking about roughly £8 billion of tax cuts that were unexpected, are very likely to boost the economy and raise more revenue, and the amounts are chicken feed comparatively anyway. ::)
So why has everyone lost their minds over it all? ???
I think it's all very bizarre and smacks of an orchestrated attempt to bring down the Govt. Can't have them straying from the globalist script now can we? :)
You may be correct Tig, but unfortunately for the bean counters who make the decisions it has gone down like a bucket of cold sick.
I don't think that a bigger pay packet for those earning more than £150,000, and bigger bonus payments for bankers was wise during a cost of living crisis.......especially literally the day before the Labour party conference.
We'll have to see how it plays out.
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Is it me then? :-\
Most of Kwasi Kwarteng's mini budget was leaked in advance so we knew for example they planned to cancel Sunak's ill advised hike in National Insurance and Corporation Tax, both measures apparently 'costing' about £20 billion each.
We knew that the Government planned to subsidise residential and business energy bills at an unknown open ended cost. Some estimates were as high as £200 billion. Nobody batted an eyelid and it's fair to say that the markets 'priced it in'.
The surprise parts of the mini budget are fairly minimal in the grand scheme of things:
Abolishing the 45% tax rate apparently costs about £2 billion, but may end up raising more revenue as happened when they scrapped Gordon Brown's 50% rate.
Abolishing IR35 rules for the self employed apparent costs about £2 billion, but again simplifying the tax system may raise more revenue.
Increasing Stamp Duty threshold apparently costs £1.7 billion, but you don't need Nick's sticky copy of Economics for Dummies to understand this one.
Keeping the annual investment allowance at £1 million apparently costs £1.7 billion, but encouraging businesses to invest is a no brainer and something that the Labour Party consistently bangs on about.
So all in all we're talking about roughly £8 billion of tax cuts that were unexpected, are very likely to boost the economy and raise more revenue, and the amounts are chicken feed comparatively anyway. ::)
So why has everyone lost their minds over it all? ???
I think it's all very bizarre and smacks of an orchestrated attempt to bring down the Govt. Can't have them straying from the globalist script now can we? :)
You may be correct Tig, but unfortunately for the bean counters who make the decisions it has gone down like a bucket of cold sick.
I don't think that a bigger pay packet for those earning more than £150,000, and bigger bonus payments for bankers was wise during a cost of living crisis.......especially literally the day before the Labour party conference.
We'll have to see how it plays out.
What relevance does a party who are not in government have, exactly? Nothing they do or say can be implemented for another two years, by which time they'll have torn themselves apart, as usual. You can say anything when you're not in power, it's of no consequence to anyone. Except the BBC, ITV, CH 4 and the left wing press.
If I were prime minister and Starmer asked me a question I didn't like, I'd just say 'mind your own business, it's nothing to do with you, you have no say in the matter" ;D
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You are probably the most condescending person I have ever had to listen to. Working in a shop doesn't make you chancellor of the exchequer material ;D
You really think I was working in a shop……? You really think I am condescending? Have you ever read your own posts; those one liners, just like your friend DG, that degrade others whenever you can because of your own ignorance and stupidity? FFS!!!
All I do is express an educated opinion, and you, with DG, start the insults. It is not just against me either!
It is now not worth contributing to any discussions on here, as if they are read, it only attracts insults, and there is no point to that.
Change of scene for me I think, although I will stay loyal to the Forum and read up on any required advice at the time. :P :P :-X
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And I'd sack all the whining old fannies on the back benches who skulk, anonymously, to the press saying shit like 'Kwarteng is toast'
Burnt toast ;D :-[
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You are probably the most condescending person I have ever had to listen to. Working in a shop doesn't make you chancellor of the exchequer material ;D
You really think I was working in a shop……? You really think I am condescending? Have you ever read your own posts; those one liners, just like your friend DG, that degrade others whenever you can because of your own ignorance and stupidity? FFS!!!
All I do is express an educated opinion, and you, with DG, start the insults. It is not just against me either!
It is now not worth contributing to any discussions on here, as if they are read, it only attracts insults, and there is no point to that.
Change of scene for me I think, although I will stay loyal to the Forum and read up on any required advice at the time. :P :P :-X
Change of scene? Oh well.
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I don't think that a bigger pay packet for those earning more than £150,000, and bigger bonus payments for bankers was wise during a cost of living crisis.......especially literally the day before the Labour party conference.
We'll have to see how it plays out.
I can see the poor politics of that, but it literally makes no difference to you, I or anyone else if the wealthy and well paid get to keep a bit more of their cash. ::)
It's the politics of envy, hatred and bitterness which is like a cancer in this country and should be abolished forthwith! :y
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He should have got rid of the anomaly where, for every two pounds earned over £100,000, you lose one pound of your personal tax allowance.
If your personal allowance is, say, 1250L, if you earn £102,000, your allowance goes down to 1240L WTF?
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Glad no one quoted me before I corrected that second figure ;D
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Glad no one quoted me before I corrected that second figure ;D
I've never earnt anywhere near £100k so I just took your word for it. :)
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Oi don't drag me into this. >:(
Nowt more than a pious, hypocritical, egotistical and confused ignoramus. And that's your good points.
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This article (https://www.conservativewoman.co.uk/the-wheels-are-coming-off-socialisms-bandwagon/) pretty much nails it! :y
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I don't think that a bigger pay packet for those earning more than £150,000, and bigger bonus payments for bankers was wise during a cost of living crisis.......especially literally the day before the Labour party conference.
We'll have to see how it plays out.
I can see the poor politics of that, but it literally makes no difference to you, I or anyone else if the wealthy and well paid get to keep a bit more of their cash. ::)
It's the politics of envy, hatred and bitterness which is like a cancer in this country and should be abolished forthwith! :y
And that's just the Labour Elite... ;D
SKS should be egged every time he opens his mouth to talk about how much the poor working people are suffering.
I can't help but wonder if it would be more cost effective to invade somewhere and take all their stuff... :D
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This article (https://www.conservativewoman.co.uk/the-wheels-are-coming-off-socialisms-bandwagon/) pretty much nails it! :y
Eloquently put :y
Currently using cash for most $/€ spending, so things only cost what that cash was purchased at. The only card transactions so far have been on the Subway... £2.40 a couple of weeks ago, £2.61 yesterday.
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I don't think that a bigger pay packet for those earning more than £150,000, and bigger bonus payments for bankers was wise during a cost of living crisis.......especially literally the day before the Labour party conference.
We'll have to see how it plays out.
I can see the poor politics of that, but it literally makes no difference to you, I or anyone else if the wealthy and well paid get to keep a bit more of their cash. ::)
It's the politics of envy, hatred and bitterness which is like a cancer in this country and should be abolished forthwith! :y
And that's just the Labour Elite... ;D
SKS should be egged every time he opens his mouth to talk about how much the poor working people are suffering.
I can't help but wonder if it would be more cost effective to invade somewhere and take all their stuff... :D
I don't think there' much stuff worth having in the Republic and we don't want France's debts! ::)
Unless you were thinking of invading somewhere new? :)
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I don't think that a bigger pay packet for those earning more than £150,000, and bigger bonus payments for bankers was wise during a cost of living crisis.......especially literally the day before the Labour party conference.
We'll have to see how it plays out.
I can see the poor politics of that, but it literally makes no difference to you, I or anyone else if the wealthy and well paid get to keep a bit more of their cash. ::)
It's the politics of envy, hatred and bitterness which is like a cancer in this country and should be abolished forthwith! :y
And that's just the Labour Elite... ;D
SKS should be egged every time he opens his mouth to talk about how much the poor working people are suffering.
I can't help but wonder if it would be more cost effective to invade somewhere and take all their stuff... :D
I don't think there' much stuff worth having in the Republic and we don't want France's debts! ::)
Unless you were thinking of invading somewhere new? :)
Somewhere with food and fuel might be a start...
With your question in mind, did we ever invade Canada? >:D
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An interesting article here about the budget by Kate Andrews. Seems pretty objective ?
https://www.spectator.co.uk/article/what-crisis-a-tough-week-for-trussonomics
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Starts of a bit lefty, but actually pretty reasonable in its content :y
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Is it me then? :-\
Most of Kwasi Kwarteng's mini budget was leaked in advance so we knew for example they planned to cancel Sunak's ill advised hike in National Insurance and Corporation Tax, both measures apparently 'costing' about £20 billion each.
We knew that the Government planned to subsidise residential and business energy bills at an unknown open ended cost. Some estimates were as high as £200 billion. Nobody batted an eyelid and it's fair to say that the markets 'priced it in'.
The surprise parts of the mini budget are fairly minimal in the grand scheme of things:
Abolishing the 45% tax rate apparently costs about £2 billion, but may end up raising more revenue as happened when they scrapped Gordon Brown's 50% rate.
Abolishing IR35 rules for the self employed apparent costs about £2 billion, but again simplifying the tax system may raise more revenue.
Increasing Stamp Duty threshold apparently costs £1.7 billion, but you don't need Nick's sticky copy of Economics for Dummies to understand this one.
Keeping the annual investment allowance at £1 million apparently costs £1.7 billion, but encouraging businesses to invest is a no brainer and something that the Labour Party consistently bangs on about.
So all in all we're talking about roughly £8 billion of tax cuts that were unexpected, are very likely to boost the economy and raise more revenue, and the amounts are chicken feed comparatively anyway. ::)
So why has everyone lost their minds over it all? ???
I think it's all very bizarre and smacks of an orchestrated attempt to bring down the Govt. Can't have them straying from the globalist script now can we? :)
You may be correct Tig, but unfortunately for the bean counters who make the decisions it has gone down like a bucket of cold sick.
I don't think that a bigger pay packet for those earning more than £150,000, and bigger bonus payments for bankers was wise during a cost of living crisis.......especially literally the day before the Labour party conference.
We'll have to see how it plays out.
What relevance does a party who are not in government have, exactly? Nothing they do or say can be implemented for another two years, by which time they'll have torn themselves apart, as usual. You can say anything when you're not in power, it's of no consequence to anyone. Except the BBC, ITV, CH 4 and the left wing press.
If I were prime minister and Starmer asked me a question I didn't like, I'd just say 'mind your own business, it's nothing to do with you, you have no say in the matter" ;D
Its started already. Labour MP Rosie Duffield told a party meeting last night that she will quit the party if Eddie Izzard gets selected for a constituency on a women only shortlist. She also said she is certain that other female MP,s will join her.
https://order-order.com/2022/09/29/watch-rosie-duffield-will-quit-labour-if-izzard-stands-on-all-women-shortlist/
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I was thinking about the Bank of England restarting it's Govt bond buying to steady the markets yesterday, because apparently the pension funds were on the verge of collapse. :-\
Since Brexit there has been a lot of talk of ditching EU laws particularly for the City and financial services, but little action. Solvency II seems to be one talked about alot, as apparently if that was scrapped it would unleash billions of pounds in investment funds.
Why? How? Well as I understand it Solvency II limits what, where and how much pension funds and insurance companies can invest their cash which is why we see Canadian and Australian pension firms investing in UK infrastructure projects like HS2 and Hinkley Point, but not so much British funds. :-\
Pension Funds should be organised so that they can withstand economic shocks confected or otherwise, and I wonder if an unintended consequence of the EU's Solvency II laws is that UK funds are over exposed to Gilts in the belief that they are 'safe' investments. ???
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I make no comments on the mini budget, as TBH, I've not looked at it. As a middle aged, white, male, straight person, I constantly expect to be oppsed over at every opportunity.
But surely a lower tax, smaller public sector economy makes a shit load of sense? Or in LZ's shop keeper terminology, stack 'em high, sell 'em cheap.
Or does that now make me a Nazi in the modern world?
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I make no comments on the mini budget, as TBH, I've not looked at it. As a middle aged, white, male, straight person, I constantly expect to be oppsed over at every opportunity.
But surely a lower tax, smaller public sector economy makes a shit load of sense? Or in LZ's shop keeper terminology, stack 'em high, sell 'em cheap.
Or does that now make me a Nazi in the modern world?
You've always been a nazi, didn't you know? ;D
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I make no comments on the mini budget, as TBH, I've not looked at it. As a middle aged, white, male, straight person, I constantly expect to be oppsed over at every opportunity.
But surely a lower tax, smaller public sector economy makes a shit load of sense? Or in LZ's shop keeper terminology, stack 'em high, sell 'em cheap.
Or does that now make me a Nazi in the modern world?
You've always been a nazi, didn't you know? ;D
Bunch of left wing pansies...
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Always amazes me how one day you could be transport minister & the next chancellor , my humble opinion is that you need an expert in each position not an " educated idiot"
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I disagree.
The government govern (if only ;D), the Bank of England advises and responds (does its own thing), and the Civil Service manages (if only :D)
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I make no comments on the mini budget, as TBH, I've not looked at it. As a middle aged, white, male, straight person, I constantly expect to be oppsed over at every opportunity.
But surely a lower tax, smaller public sector economy makes a shit load of sense? Or in LZ's shop keeper terminology, stack 'em high, sell 'em cheap.
Or does that now make me a Nazi in the modern world?
You've always been a nazi, didn't you know? ;D
He'd have implemented the cull by now if he was. :D
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Is it me then? :-\
Most of Kwasi Kwarteng's mini budget was leaked in advance so we knew for example they planned to cancel Sunak's ill advised hike in National Insurance and Corporation Tax, both measures apparently 'costing' about £20 billion each.
We knew that the Government planned to subsidise residential and business energy bills at an unknown open ended cost. Some estimates were as high as £200 billion. Nobody batted an eyelid and it's fair to say that the markets 'priced it in'.
The surprise parts of the mini budget are fairly minimal in the grand scheme of things:
Abolishing the 45% tax rate apparently costs about £2 billion, but may end up raising more revenue as happened when they scrapped Gordon Brown's 50% rate.
Abolishing IR35 rules for the self employed apparent costs about £2 billion, but again simplifying the tax system may raise more revenue.
Increasing Stamp Duty threshold apparently costs £1.7 billion, but you don't need Nick's sticky copy of Economics for Dummies to understand this one.
Keeping the annual investment allowance at £1 million apparently costs £1.7 billion, but encouraging businesses to invest is a no brainer and something that the Labour Party consistently bangs on about.
So all in all we're talking about roughly £8 billion of tax cuts that were unexpected, are very likely to boost the economy and raise more revenue, and the amounts are chicken feed comparatively anyway. ::)
So why has everyone lost their minds over it all? ???
I think it's all very bizarre and smacks of an orchestrated attempt to bring down the Govt. Can't have them straying from the globalist script now can we? :)
You may be correct Tig, but unfortunately for the bean counters who make the decisions it has gone down like a bucket of cold sick.
I don't think that a bigger pay packet for those earning more than £150,000, and bigger bonus payments for bankers was wise during a cost of living crisis.......especially literally the day before the Labour party conference.
We'll have to see how it plays out.
What relevance does a party who are not in government have, exactly? Nothing they do or say can be implemented for another two years, by which time they'll have torn themselves apart, as usual. You can say anything when you're not in power, it's of no consequence to anyone. Except the BBC, ITV, CH 4 and the left wing press.
If I were prime minister and Starmer asked me a question I didn't like, I'd just say 'mind your own business, it's nothing to do with you, you have no say in the matter" ;D
Its started already. Labour MP Rosie Duffield told a party meeting last night that she will quit the party if Eddie Izzard gets selected for a constituency on a women only shortlist. She also said she is certain that other female MP,s will join her.
https://order-order.com/2022/09/29/watch-rosie-duffield-will-quit-labour-if-izzard-stands-on-all-women-shortlist/
Eddie could even become the first 'female' Labour leader. I doubt that some on the Labour front bench will see the irony. ::)
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I note that 'Lesbians for Labour' have been denied access to the conference.
Apparently they are sticking to their guns and insisting they only want to have relationships with other lesbians, the old fashioned type who have a vagina.
Bigoted bitches.....don't they understand how offensive that is to lesbians with a penis. ;D ;D
They clearly need to be more inclusive.
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I note that 'Lesbians for Labour' have been denied access to the conference.
Apparently they are sticking to their guns and insisting they only want to have relationships with other lesbians, the old fashioned type who have a vagina.
Bigoted bitches.....don't they understand how offensive that is to lesbians with a penis. ;D ;D
They clearly need to be more inclusive.
Sounds like you've added Lesbian with a penis to your CV M'Lud? ;D
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I note that 'Lesbians for Labour' have been denied access to the conference.
Apparently they are sticking to their guns and insisting they only want to have relationships with other lesbians, the old fashioned type who have a vagina.
Bigoted bitches.....don't they understand how offensive that is to lesbians with a penis. ;D ;D
They clearly need to be more inclusive.
Sounds like you've added Lesbian with a penis to your CV M'Lud? ;D
Whenever I think of lesbians my imagination leads me to leggy blondes aged between 20-35 with proper 'girl bits'.
This new breed of bepenised lesbians just don't float my boat. It seems I'm not very progressive.
How about you, Tig? ::) ::) ::)
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I note that 'Lesbians for Labour' have been denied access to the conference.
Apparently they are sticking to their guns and insisting they only want to have relationships with other lesbians, the old fashioned type who have a vagina.
Bigoted bitches.....don't they understand how offensive that is to lesbians with a penis. ;D ;D
They clearly need to be more inclusive.
Sounds like you've added Lesbian with a penis to your CV M'Lud? ;D
Whenever I think of lesbians my imagination leads me to leggy blondes aged between 20-35 with proper 'girl bits'.
This new breed of bepenised lesbians just don't float my boat. It seems I'm not very progressive.
How about you, Tig? ::) ::) ::)
Agreed. I prefer lesbos with a vag TBH. :y
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I note that 'Lesbians for Labour' have been denied access to the conference.
Apparently they are sticking to their guns and insisting they only want to have relationships with other lesbians, the old fashioned type who have a vagina.
Bigoted bitches.....don't they understand how offensive that is to lesbians with a penis. ;D ;D
They clearly need to be more inclusive.
Sounds like you've added Lesbian with a penis to your CV M'Lud? ;D
Whenever I think of lesbians my imagination leads me to leggy blondes aged between 20-35 with proper 'girl bits'.
This new breed of bepenised lesbians just don't float my boat. It seems I'm not very progressive.
How about you, Tig? ::) ::) ::)
Agreed. I prefer lesbos with a vag TBH. :y
Just prefer? ::) ::) ::)
Not insist. ::) ::) ::)
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I note that 'Lesbians for Labour' have been denied access to the conference.
Apparently they are sticking to their guns and insisting they only want to have relationships with other lesbians, the old fashioned type who have a vagina.
Bigoted bitches.....don't they understand how offensive that is to lesbians with a penis. ;D ;D
They clearly need to be more inclusive.
Sounds like you've added Lesbian with a penis to your CV M'Lud? ;D
Whenever I think of lesbians my imagination leads me to leggy blondes aged between 20-35 with proper 'girl bits'.
This new breed of bepenised lesbians just don't float my boat. It seems I'm not very progressive.
How about you, Tig? ::) ::) ::)
Agreed. I prefer lesbos with a vag TBH. :y
Just prefer? ::) ::) ::)
Not insist. ::) ::) ::)
I can afford to be picky and choosy and follow my preferences. :y
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I note that 'Lesbians for Labour' have been denied access to the conference.
Apparently they are sticking to their guns and insisting they only want to have relationships with other lesbians, the old fashioned type who have a vagina.
Bigoted bitches.....don't they understand how offensive that is to lesbians with a penis. ;D ;D
They clearly need to be more inclusive.
Sounds like you've added Lesbian with a penis to your CV M'Lud? ;D
Whenever I think of lesbians my imagination leads me to leggy blondes aged between 20-35 with proper 'girl bits'.
This new breed of bepenised lesbians just don't float my boat. It seems I'm not very progressive.
How about you, Tig? ::) ::) ::)
Agreed. I prefer lesbos with a vag TBH. :y
Just prefer? ::) ::) ::)
Not insist. ::) ::) ::)
I can afford to be picky and choosy and follow my preferences. :y
It's a handy fall back position :D
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I'm assuming that Izzard still has his tackle intact. If so , how the hell can he be on a women only list? Yeah, i know, i shouldn't have asked. ;D
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I'm assuming that Izzard still has his tackle intact. If so , how the hell can he be on a women only list? Yeah, i know, i shouldn't have asked. ;D
He is a disgusting, ugly creature. I'm sure, if he gets elected, most of his constituents would be repulsed.
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Surely such a list is, by definition, discriminatory ???
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Surely such a list is, by definition, discriminatory ???
Quite. What next, black only candidates?
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I'm assuming that Izzard still has his tackle intact. If so , how the hell can he be on a women only list? Yeah, i know, i shouldn't have asked. ;D
He is a disgusting, ugly creature. I'm sure, if he gets elected, most of his constituents would be repulsed.
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My sentiments entirely, a weirdo like him should not be given airtime on national TV a complete & utter freak
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World's gone mad. There's a 12 year old girl refereeing the British Snooker Championship on ITV4
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I'm assuming that Izzard still has his tackle intact. If so , how the hell can he be on a women only list? Yeah, i know, i shouldn't have asked. ;D
He is a disgusting, ugly creature. I'm sure, if he gets elected, most of his constituents would be repulsed.
They won't elect him in the first place if they are repulsed. ::)
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World's gone mad. There's a 12 year old girl refereeing the British Snooker Championship on ITV4
Every programme maker/producer is now looking for a gimmick.
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I saw an interesting (conspiracy?) theory today. :)
Remember the fuel shortages last September when the media ran stories that there was a lack of tanker drivers and petrol stations would dry up, and it became a self fulfilling prophesy when everyone started panic buying? It became a major crisis and all the usual suspects blamed it on Brexit and the Tories. ::)
What was happening at the same time? ??? The Labour Party conference. :-X
It must be a coincidence then that as the media whipped up a shitstorm over Kwarteng's mini-budget which briefly crashed Sterling and the Gilts market, the Labour Party conference was on. ??? ::) :)
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Considering how left leaning most of the media is, thats reasonably plausible.
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Well if there is a major crisis during the Labour Party conference, we know there's something going on! ;D
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Meanwhile, the far left Spanish government plan to impose a wealth tax on their rich citizens, so El Varche had better start hiding his gold under an olive tree or somewhere! :)
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Err.
https://www.surinenglish.com/andalucia/junta-wealth-tax-foreigners-20220930100447-nt.html
Just need to remember which olive tree I buried all my gold under!
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Err.
https://www.surinenglish.com/andalucia/junta-wealth-tax-foreigners-20220930100447-nt.html
Just need to remember which olive tree I buried all my gold under!
Hmm don't be too hasty Snr! ::)
https://www.theolivepress.es/spain-news/2022/09/29/explainer-the-spanish-governments-latest-tax-plans/
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You maybe right Sir Tigger,
But, the financial markets, the main financial gurus, worldwide, are all coming out with the same conclusions. The mini budget is a big mistake. The exchange rates for the pound have collapsed.
Now there is talk that if this all continues, our corporate and private pensions could become unviable.
The Bank of England, separate of any political loyalties, are also making it clear this is a very damaging budget, which requires their intervention pumping in £64 billion pounds, to temporarily prop up the markets, which ultimately WE, the taxpayers, will pay for.
No, all in all this is a mess. Politically is is very damaging. Financially for the U.K. it is disastrous.
Urgent action, like a resignation or two, plus the scrapping of that damned “mini-budget” is now a very urgent requirement. Tory MP’s privately and not so privately are now starting to publicise their fears.
Truss going missing is telling its own story!
And you're wrong...
https://www.telegraph.co.uk/business/2022/09/30/markets-live-latest-news-pound-euro-ftse-100/
The world isn't going to end after all.
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Tax policy for higher earners reversed this morning. It will save the government all of £2 billion, but keep the west happy.
I hope Michael Gove dies soon, btw.
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I think they should bring in a top tax rate of 75% for media luvvie types earning over £150,000 and see them all scurry off to Dubai or somewhere where taxes are lower. ::)
We could call it the Windbag Tax! :)
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Tax policy for higher earners reversed this morning. It will save the government all of £2 billion, but keep the west happy.
I hope Michael Gove dies soon, btw.
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If anybody can be described as " a smarmy bastard" it's that prick Gove, I really hope someone digs up some dirt on him .
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Tax policy for higher earners reversed this morning. It will save the government all of £2 billion, but keep the west happy.
I hope Michael Gove dies soon, btw.
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If anybody can be described as " a smarmy bastard" it's that prick Gove, I really hope someone digs up some dirt on him .
He is just so unlikeable and untrustworthy.
Is there anyone anywhere in the world who likes him? ;D ;D
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Tax policy for higher earners reversed this morning. It will save the government all of £2 billion, but keep the west happy.
I hope Michael Gove dies soon, btw.
That should read 'wets' not 'west', obviously ::)
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Much noise has been made in the media about the fact that the mini budget wasnt run past / signed off by the independent office
for budget responsibility.
Created in 2010 (theres a clue) its about as independent and objective as BBC news. ::)
https://order-order.com/2022/10/03/office-for-budget-responsibilitys-not-so-independent-leadership/
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Much noise has been made in the media about the fact that the mini budget wasnt run past / signed off by the independent office
for budget responsibility.
Created in 2010 (theres a clue) its about as independent and objective as BBC news. ::)
https://order-order.com/2022/10/03/office-for-budget-responsibilitys-not-so-independent-leadership/
Yes I saw that. Like the rest of the public sector the OBR is infested with lefties. ::)
I wonder what the OBR's budget for their Diversity & Inclusion Dept is? ;D