Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Sir Tigger KC on 14 October 2022, 12:28:32
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Feverish media speculation today that Kwasi Kwarteng will be sacked and that Liz Truss will reverse the tax cuts in the 'mini budget' specifically the cancellation of Rishi Sunak's hike in Corporation Tax.
Below is a little snapshot from my Twitter timeline earlier. So it seems that American tax incentives are motivating German chemical businesses to move to the USA taking jobs and prosperity with them, but in Britain tax cuts are bad. ::)
(https://i.postimg.cc/hGGHLWYB/Corp-Tax-snapshot.png)
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I think she may be toast along with her 'Kamikwasi chancellor'..... ::)
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Could we be heading for the perfect storm?
Government imploding.
Chancellor sacked.
Highest inflation for forty years.
High unstable energy prices.
Rising interest rates that will hit business and mortgage payers.
Heading toward £1 trillion of debt.
Illegal immigration out of control.
Truss wants more legal immigration.
Starmer at No 10.
Problems caused by the Chinese sniffle.
NHS waiting list currently 6.7 million.
Putin's war.
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Just heard that he has been sacked, good riddance stupid bastard.
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Just heard that he has been sacked, good riddance stupid bastard.
It's a total cluser f*uck.
Everything is so crazy at the moment that KK may bounce back as the next Tory leader........ by 6 PM this evening :D ;D
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NHS waiting list currently 6.7 million.
Isn't it 7m now, or was that just BBC scaremongering?
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NHS waiting list currently 6.7 million.
Isn't it 7m now, or was that just BBC scaremongering?
It was 6.7M five minutes ago... :D
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Jeremy Hunt is the new government bean counter. We're saved..... :D >:D
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ten years ago Truss, Patel Kwarteng etc nailed their brains to the flagpole with the publication of their
fantasy book.
A month ago, they got their chance to implement their ideas.
And as you would expect from a bunch of intellectual and political lightweights, that went down as well as bucket of cold sick.
If this was happening in another country, it would be hilarious.
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Jeremy Hunt is the new government bean counter. We're saved..... :D >:D
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Unfortunate surname if he proves to be no better, Hunt the cun*
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I still don't believe that all this turmoil has been caused by some tax cuts that are relatively minor in the grand scheme of things. :-X
Before the 'mini budget' we knew the Government were going borrow to fund the energy subsidy scheme which some said could cost up to £200 billion. We knew Truss and Kwarteng planned to cancel Sunak's stupid hikes in Corporation Tax and NI 'costing' around £40 billion and I think it's fair to say that the markets priced all that in.
What we are told to believe, is that the relatively minor tax cuts that were the surprise in the mini budget, scrapping the 45% top rate, raising the Stamp Duty threshold, scrapping IR35, bringing forward the 1% income tax cut by one year etc etc are what spooked the markets despite a relatively minor 'cost' of around £8 billion, but probably less as some of those cuts would have delivered higher revenue. ::)
Put that into context with the UK's national debt of around £2.4 Trillion it's just petty cash, but yes it spooked the markets! ::)
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I still don't believe that all this turmoil has been caused by some tax cuts that are relatively minor in the grand scheme of things. :-X
Before the 'mini budget' we knew the Government were going borrow to fund the energy subsidy scheme which some said could cost up to £200 billion. We knew Truss and Kwarteng planned to cancel Sunak's stupid hikes in Corporation Tax and NI 'costing' around £40 billion and I think it's fair to say that the markets priced all that in.
What we are told to believe, is that the relatively minor tax cuts that were the surprise in the mini budget, scrapping the 45% top rate, raising the Stamp Duty threshold, scrapping IR35, bringing forward the 1% income tax cut by one year etc etc are what spooked the markets despite a relatively minor 'cost' of around £8 billion, but probably less as some of those cuts would have delivered higher revenue. ::)
Put that into context with the UK's national debt of around £2.4 Trillion it's just petty cash, but yes it spooked the markets! ::)
There won't be much tax cutting with old Hunty Cun** ::)
Truss seems to be a bit of a lame duck now.
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According to reports today, when Jeremy Hunt stood for the leadership earlier in the summer he said he'd drop Corporation Tax to 15%. ::)
Liz Truss & KK wanted the status quo and keep it at 19% rather than Sunak's hike to 25%. Apparently that spooked the markets! ;)
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Nick 'The Flying Brick', the Treasurer of the Monster Raving Loony Party has said that if they get into No10, their plan to fix the nations finances will be to put the countries gold reserves on the 1.20 at Cheltenham! :)
Thing is... Do we have any gold after Gordon Brown sold it at rock bottom prices after telling all and sundry his cunning plan and the price of gold crashed? ??? :-\ ::)
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As an expat it irritates the pants off me to see most expats ridiculing Britain.
For the life of me I cannot understand why Britain hasnt gone along with asking the country to save energy during peak times. It isnt ricket science. Maybe worried their mates will make less money from energy. Hey ho.
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We listened to Liz Truss's speech in the bus from Malaga airport expecting her to resign.
The thing I can't abide is that the very people calling for her head put her in the position to begin with. Barely in the job three weeks and it's already time for her to go. That's not right. If she's suddenly that incompetent htf did she get the position to begin with? ::)
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I think the answer to that is the public didn’t vote just a few thousand Tory party members.
There was a brilliant meme doing the rounds of an elderly couple. The tag line was something like we are mostly retired now but we like voting for next pm.
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We listened to Liz Truss's speech in the bus from Malaga airport expecting her to resign.
The thing I can't abide is that the very people calling for her head put her in the position to begin with. Barely in the job three weeks and it's already time for her to go. That's not right. If she's suddenly that incompetent htf did she get the position to begin with? ::)
It's because the Conservative Party's reason to exist for the last couple of decades has been to elect a new leader every few years. This favours candidates that exhibit novelty 'qualifications' more than any that might have shown some experience or, god forbid, competence at anything.
Truss and her cronies clearly demonstrated they were idealogues*** when they reached Parliament, and so the last three weeks should come as no surprise to anyone who has ever looked at British politics.
*** that's polite for delusional fantasists
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They are simply a bunch of educated idiots, completely distanced from the reality of real peoples lives, they provide their " friends" with jobs that are way above their capabilities this recent shambles proves it without a doubt. You either understand finance or you don't KK is a prime example of knowing f**k all. Also Liz chose her bestie as Health minister a stupid fat bitch who enjoys a smoke and is rumoured to want to overturn all the no smoking rules that have been brought in.
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It all sounds like a Douglas Adams book to me especially the names! Of course the white mice computer might have some malware.
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They are simply a bunch of educated idiots, completely distanced from the reality of real peoples lives, they provide their " friends" with jobs that are way above their capabilities this recent shambles proves it without a doubt. You either understand finance or you don't KK is a prime example of knowing f**k all. Also Liz chose her bestie as Health minister a stupid fat bitch who enjoys a smoke and is rumoured to want to overturn all the no smoking rules that have been brought in.
Don't entirely disagree re smoking. Freedom of choice is still apparently acceptable.
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We listened to Liz Truss's speech in the bus from Malaga airport expecting her to resign.
The thing I can't abide is that the very people calling for her head put her in the position to begin with. Barely in the job three weeks and it's already time for her to go. That's not right. If she's suddenly that incompetent htf did she get the position to begin with? ::)
It's because the Conservative Party's reason to exist for the last couple of decades has been to elect a new leader every few years. This favours candidates that exhibit novelty 'qualifications' more than any that might have shown some experience or, god forbid, competence at anything.
Truss and her cronies clearly demonstrated they were idealogues*** when they reached Parliament, and so the last three weeks should come as no surprise to anyone who has ever looked at British politics.
*** that's polite for delusional fantasists
We have not had a real conservative government for decades, Nick.
Bojo was/is essentially a lib dem. I think most of his decisions (such as they were) were made by Carrie who would withdraw sexual rations if he did not comply. :)
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We have not had a real conservative government for decades, Nick.
Bojo was/is essentially a lib dem. I think most of his decisions (such as they were) were made by Carrie who would withdraw sexual rations if he did not comply. :)
That is a real problem which also applies to the Labour party, and it's caused by our first past the post system. There are many members of each party who would be more representative in a centrist third party. That includes most of the Prime Ministers and party leaders for the last 70odd years. Just look how little differentiates Johnson, May, Cameron, Blair and Major actual politics. And it's not difficult to put Brown and Thatcher on the edges of that block.
What ought to happen is the centrists form the government, and the others gain or lose influence depending on the political mood of the country at the time of a general election. This would improve each party's internal unity and effectiveness, which none of the three (currently more like two and a quarter ;D ) main parties can currently manage.
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So time for a new party. Middle of the road party.
Many European countries have lots of new parties. More coalitions ?
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So time for a new party. Middle of the road party.
Many European countries have lots of new parties. More coalitions ?
The 'Conservative' party should have split into two separate parties between the Europhile Tory Wets and the Thatchrities years ago.
One of the parties would have withered and died and become a irrevancy, and the other would have prospered.
Given voting patterns for national sovereignty, low immigration, low taxes etc my bet would be that it would be the Tory Wets that found themselves in the wilderness.
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So time for a new party. Middle of the road party.
Many European countries have lots of new parties. More coalitions ?
there is a middle of the road party - The Liberal Democrats. Which is a merger of the rump of the traditional Liberal party and all the other new wonder parties.
Coalitions are unusual in British politics because of the way we elect councils - the group with the largest number of councillors(or MPs) gets control. This would require a huge change in the way we conduct out political affairs, and none of the groups involved are daft enough to suggest it without the support of everyone else.
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So time for a new party. Middle of the road party.
Many European countries have lots of new parties. More coalitions ?
there is a middle of the road party - The Liberal Democrats. Which is a merger of the rump of the traditional Liberal party and all the other new wonder parties.
Coalitions are unusual in British politics because of the way we elect councils - the group with the largest number of councillors(or MPs) gets control. This would require a huge change in the way we conduct out political affairs, and none of the groups involved are daft enough to suggest it without the support of everyone else.
Are they even still a 'thing' ???
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So time for a new party. Middle of the road party.
Many European countries have lots of new parties. More coalitions ?
there is a middle of the road party - The Liberal Democrats. Which is a merger of the rump of the traditional Liberal party and all the other new wonder parties.
Coalitions are unusual in British politics because of the way we elect councils - the group with the largest number of councillors(or MPs) gets control. This would require a huge change in the way we conduct out political affairs, and none of the groups involved are daft enough to suggest it without the support of everyone else.
Are they even still a 'thing' ???
Yes, a very small ineffectual thing.
Unlike the other two parties which are large and ineffectual.
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They were once the middle of the road party, but moved further to the left as Labour moved towards the middle.
Then did the same thing as Labour and the Tories did. Just said anything to the media they thought would get them some votes.
All three main parties are a waste of space, skin and fresh air.
Tbh, I believe a little more every day that the country is fooked beyond redemption.
The liberal left have ruined it and they hold most of the levers of power no matter who is in Govt. at any particular time.
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Bet my neighbour £20 that Liz will be gone within the next fortnight.
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They are simply a bunch of educated idiots, completely distanced from the reality of real peoples lives, they provide their " friends" with jobs that are way above their capabilities this recent shambles proves it without a doubt. You either understand finance or you don't KK is a prime example of knowing f**k all. Also Liz chose her bestie as Health minister a stupid fat bitch who enjoys a smoke and is rumoured to want to overturn all the no smoking rules that have been brought in.
I’d rather another ‘K’ somewhere here, to go with the other two, that could stir things up a bit maybe🤙🏻
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They are simply a bunch of educated idiots, completely distanced from the reality of real peoples lives, they provide their " friends" with jobs that are way above their capabilities this recent shambles proves it without a doubt. You either understand finance or you don't KK is a prime example of knowing f**k all. Also Liz chose her bestie as Health minister a stupid fat bitch who enjoys a smoke and is rumoured to want to overturn all the no smoking rules that have been brought in.
I’d rather another ‘K’ somewhere here, to go with the other two, that could stir things up a bit maybe🤙🏻
https://youtu.be/jPnP9IUMDLc (https://youtu.be/jPnP9IUMDLc)
Here you go, Rae. :)
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😎👍👍👍
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Apparently Kwasi Kwarteng is having difficulty buying flight tickets. Nobody wants him anywhere near Business or Economy...
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A not very taxing read on tax cuts and revenues. :)
https://threadreaderapp.com/thread/1575525455733542913.html
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A not very taxing read on tax cuts and revenues. :)
https://threadreaderapp.com/thread/1575525455733542913.html
Whatever don't release actual data to the sheeple... ;D
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Following Kwasi Kwarteng's sacking and the announced hike in Corporation Tax from 19% to 25%, analysts at Goldman Sachs have downgraded the growth outlook for the UK economy saying a "more significant recession" is now expected. ::)
After the IMF's initial negative intervention after the 'mini budget' and then later admitting that the tax cuts would deliver increased growth, it will be interesting to see what they say about the Corporation Tax hike and the rumoured delay in the 1% cut in Income Tax. :)
Also, I've seen speculation this afternoon that Jeremy Hunt will increase VAT by 2.5%! >:( Admittedly though it's just lefty 'journalists' who are probably just putting any old 'dangle berries' on Twitter to stay visible. ::)
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Jeremy is pretty un sackable now. Hasn’t he changed everything Truss promised? Next pm?
You seem to have had different chancellors for last four months. Rishi for Mr November?
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Can't see Lizzie lasting much longer to be honest. :-\
She looked pretty broken at the press conference on Friday. :(
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Bouncy tits though still :y
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Bouncy tits though still :y
Dunno... I think she's lost the spring in her step. :-\
Wearing my tin foil helmet, I also think we've witnessed the Suez moment of our times. :-X
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Bouncy tits though still :y
Dunno... I think she's lost the spring in her step. :-\
Wearing my tin foil helmet, I also think we've witnessed the Suez moment of our times. :-X
Another Cuban missile crisis type of event may be just around the corner.
We've waited exactly 60 years. ::)
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Bouncy tits though still :y
Dunno... I think she's lost the spring in her step. :-\
Wearing my tin foil helmet, I also think we've witnessed the Suez moment of our times. :-X
Another Cuban missile crisis type of event may be just around the corner.
We've waited exactly 60 years. ::)
A bit more global warming would be good as I don't want to put my heating on. :D
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Bouncy tits though still :y
Dunno... I think she's lost the spring in her step. :-\
Wearing my tin foil helmet, I also think we've witnessed the Suez moment of our times. :-X
Another Cuban missile crisis type of event may be just around the corner.
We've waited exactly 60 years. ::)
A bit more global warming would be good as I don't want to put my heating on. :D
16 degrees here currently... Hoping Lisbon will be toasty on Thursday morning :D
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A bit more global warming would be good as I don't want to put my heating on. :D
Heating isn't allowed on in TB Towers until November.
Its currently 24.3C in here, even with the windows open.
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A bit more global warming would be good as I don't want to put my heating on. :D
Heating isn't allowed on in TB Towers until November.
Its currently 24.3C in here, even with the windows open.
Same as Malaga :o