OT Tax cut madness

[ramAnag]

I've struggled to find a single redeeming feature in that budget. It's aimed at creating growth, hence employment, hence improving the tax take and cutting the benefits bill longer term.... and thus increase productivity and exports maybe.

Bit all I see is rising prices falling currency rates and a dark tunnel. The triple lick looks doomed again I suspect.

If I had rA's mindset I'd blame it all on Brexit, and undoubtedly there is an element of blame to be laid at that door, but essentially a problem driven by wider issues as all economies are suffering. But I don't see many countries cutting tax for high earners as a solution

Tbf GP...I don’t blame everything on Brexit...I mean it’s not why Derby got relegated...and I don’t want Johnson back at any price, although I accept he wasn’t as insane as this appears to be and, as MA suggests...May, Cameron or Major would be idyllic compared to what we appear to have now.
This isn’t completely to do with Brexit...or the pandemic...or Putin I know...and I also recognise we’re not alone, but we are, I think, the only ones cutting taxes for the wealthiest and as for Labour ‘not being trusted’...how long have the Tories been in power?

[Geoff Parkstone]

Labour have approaching 100 years of being regarded as not a safe pair of hands for an economy......

[ramAnag]

Labour have approaching 100 years of being regarded as not a safe pair of hands for an economy......

Which...considering they’ve only been in power for a total of something like 33 years is a surprise.

Anyway...about those last twelve years...and the last couple of weeks. I mean...a return to fracking and the collapse of the economy! You were saying about a ‘safe pair of hands’?

[Geoff Parkstone]

So now it's cheaper for traditionally economically enfeebled nations such as Italy and Greece to borrow money than good old UK. Interest rates look set to rise maybe 2% to support the struggling £. Question is, will £ duck below parity before the sun sets....

[Ramshank72]

As long as the PM lays off the cheese and crackers, I don't see the issue with whacky policies, it's important our priorities are focused on.

[Geoff Parkstone]

Indeed Ramshank, get rid of a liar and bring in a team which throw a tactical nuke at the already fragile economy. Is it all a strategy to make Bojo look good and ensure his knighthood?

Yes rA, the current administration may be a very unsafe pair of hands but that doesn't make the red option any more safe. Two wrongs don't make a right. Starmer has, to date, had the good sense to say little on the week's events. Rather like Willie Hamilton may have done at the funeral of ER2, were he alive. I doubt he will continue to hold his tongue though...and it may well come across as schadenfreude.

[SithHappens]

Clearly MP Rupa Huq didn't think much of the budget as has been suspended by Labour for racist comments about Kwasi Kwarteng

[ramAnag]

Clearly MP Rupa Huq didn't think much of the budget as has been suspended by Labour for racist comments about Kwasi Kwarteng

Stupid...will they never learn?

GP...maybe you and I exemplify the need to get away from the constantly confrontational aspect of Party politics.
I suspect we have enough in common to reach agreement on many things and we need to get away from the ‘red and blue option’ antagonisms. You have no time for the Corbyns and Abbotts of this world as you have made abundantly clear...and I have no time for the dishonesty personified by the likes of Johnson and Hancock or the increasingly right wing approach that we seem to be seeing from Truss, Kwarteng and Rees-Mogg.
Maybe sensible coalition is the way forward. I’m just unsure how we achieve it...but we need something new.

[Geoff Parkstone]

I've been suggesting a need for centrist coalition for years, but it wont ever happen because once one side or the other party senses an advantage, they go for it and *******s to the middle ground.........

[Trickytreesreds]

Stupid...will they never learn?

GP...maybe you and I exemplify the need to get away from the constantly confrontational aspect of Party politics.
I suspect we have enough in common to reach agreement on many things and we need to get away from the ‘red and blue option’ antagonisms. You have no time for the Corbyns and Abbotts of this world as you have made abundantly clear...and I have no time for the dishonesty personified by the likes of Johnson and Hancock or the increasingly right wing approach that we seem to be seeing from Truss, Kwarteng and Rees-Mogg.
Maybe sensible coalition is the way forward. I’m just unsure how we achieve it...but we need something new.

First past the post has to go.

Either proportional representation, or a system like the Germans for me, where you get 2 votes