Quote Originally Posted by Geoff Parkstone View Post
You're right, you don't get it. I don't know how better to explain it. If you earn 1000 and spend 200 on mortgage and 800 on other stuff, you spend 1000 into the economy. After the tax break maybe you earn 1050,spend 300 on mortgage and so 750 on other stuff but you now spend 1050 into the economy. So regardless of mortgage rise you still spend more in total due to tax cut. Please don't argue about figures used in example, they are just illustrative
What I ‘get’ GP is that you’re talking ‘economic theory’ while most of us are concerned with what is happening in the real world.

I wasn’t going to ‘argue about figures’...you know me better than that...but so far you’ve argued there won’t be any ‘U’ turns, there have been...you’ve suggested there won’t be anymore, and unless I’m very much mistaken there almost certainly will be as the Chancellor returns prematurely from Washington...and you’re arguing that people aren’t poorer as a result of the ‘mini budget’...they are.

This is your area of expertise but, untypically where finance is concerned, you’ve been repeatedly wrong. Maybe that’s part of the problem...too many ‘bean counters’...not enough ‘doers’.

One of the most sensible, and apolitical, comments has, imo, come from Sith when he says, ‘there is no way we were going through 2 years of Covid, added on a war which is of course affecting things, without it having an impact’.

That at least is fair and has to be taken into account as the ONLY defence the Tories have against their trashing of the economy over the last
twelve years, but there is no way that the current ‘dynamic duo’ can be seen as anything other than reducing our country to the level of embarrassing laughing stock.