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Post by Red Rackham on Oct 17, 2022 10:36:30 GMT
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Post by Pacifico on Oct 17, 2022 10:39:06 GMT
Tories returning to their New Labour playbook - trying to tax their way to success..
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Post by B0ycey on Oct 17, 2022 10:43:10 GMT
Tories returning to their New Labour playbook - trying to tax their way to success.. What else could be done? Every nation needs to spend to their means. It was either uturn or austerity. Voters don't like austerity. Perhaps had Johnson kept on the path of not borrowing to pay everyone to sit on their ass and letting Covid just rip through, we wouldn't be in this mess. Or if we pushed for a peaceful resolution and push for talks we could have got away with tax cuts right now. But we have a shit hand and that means tax rises. |
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Post by Pacifico on Oct 17, 2022 10:45:32 GMT
As I pointed out earlier - tax increases mean less growth..
Less growth does not equal success..
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Post by B0ycey on Oct 17, 2022 10:46:05 GMT
Yeah, only six months help on energy bills. Need to end the war in Ukraine as it is the only way to cut bills before help I expect. |
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Post by Steve on Oct 17, 2022 10:46:33 GMT
Tories returning to their New Labour playbook - trying to tax their way to success.. What else could be done? Every nation needs to spend to their means. It was either uturn or austerity. Voters don't like austerity. Perhaps had Johnson kept on the path of not borrowing to pay everyone to sit on their ass and letting Covid just rip through, we wouldn't be in this mess. Or if we pushed for a peaceful resolution and push for talks we could have got away with tax cuts right now. But we have a shit hand and that means tax rises. Exactly, I may have underestimated Hunt, he's played a thin hand very well to get that idiot mini budget reversed and sideline Truss. And in that statement he came over as a serious player As to the measures, as he said we shouldn't borrow to fund a tax cut. We were already by developed nation norms a low tax economy, many of our taxes tax the wrong things but any cuts have to be balanced with increased tax revenue elsewhere. |
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Post by Fairsociety on Oct 17, 2022 10:47:50 GMT
How do you delete a double post?
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Post by Fairsociety on Oct 17, 2022 10:48:46 GMT
The last thing you do is make the less well off pay more, and reward the wealthy in times of a inflation and economic turmoil. Making Kwarteng the fall guy was nasty, one of the First things Truss said when she became PM she was 'cutting taxes', Kwarteng was just doing what he was told, and she threw him to the Lions. I thought even though Truss is PM don't they have 'advisers'? If so why wasn't she advised that giving tax cuts at a time of a cost of living crisis was political suicide, I mean what sort of advisers are they if they didn't state the obvious. |
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Post by B0ycey on Oct 17, 2022 10:49:05 GMT
As I pointed out earlier - tax increases mean less growth.. Less growth does not equal success.. Growth was predicted to be 0.3% next year. And inflation would have prevented spending so even that was wishful thinking. We have to accept that inflation had to be controlled first. If growth was the ambition Truss would return is into the single market and go cap in hand to China to build our infrastructure in their belt and road. |
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Post by Steve on Oct 17, 2022 10:51:12 GMT
Yeah, only six months help on energy bills. Need to end the war in Ukraine as it is the only way to cut bills before help I expect. But gas prices started to rise in May 2021 as the world came out of Covid recession and the underlying normal demand v supply kicked in. It's spin to blame the gas price on the Ukraine situation. See www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas (select 5 year view) |
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Post by Steve on Oct 17, 2022 10:52:50 GMT
The last thing you do is make the less well off pay more, and reward the wealthy in times of a inflation and economic turmoil. Making Kwarteng the fall guy was nasty, one of the First things Truss said when she became PM she was 'cutting taxes', Kwarteng was just doing what he was told, and she threw him to the Lions. I thought even though Truss is PM don't they have 'advisers'? If so why wasn't she advised that giving tax cuts at a time of a cost of living crisis was political suicide, I mean what sort of advisers are they if they didn't state the obvious. They sacked the lead one that they knew would say 'this won't work', refused to listen to the OBR and that shut up the rest. |
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Post by B0ycey on Oct 17, 2022 10:53:17 GMT
The last thing you do is make the less well off pay more, and reward the wealthy in times of a inflation and economic turmoil. Making Kwarteng the fall guy was nasty, one of the First things Truss said when she became PM she was 'cutting taxes', Kwarteng was just doing what he was told, and she threw him to the wolves. I thought even though Truss is PM don't they have 'advisers'? If so why wasn't she advised that giving tax cuts at a time of a cost of living crisis was political suicide, I mean what so of advisers are they if they didn't state the obvious. Indeed. Hunt said help will be targeted now so not the usual Tory voter. I don't know what the Torytard members who backed Truss are thinking now but they are getting Sunakonomics but with a less charismatic leader. |
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Post by B0ycey on Oct 17, 2022 10:58:34 GMT
Yeah, only six months help on energy bills. Need to end the war in Ukraine as it is the only way to cut bills before help I expect. But gas prices started to rise in May 2021 as the world came out of Covid recession and the underlying normal demand v supply kicked in. It's spin to blame the gas price on the Ukraine situation. See www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas (select 5 year view) It isn't really spin though Steve. We are at the mercy of the free market and Russia are the biggest supplier of gas and second on oil. We might not have bought Russian gas, but the EU did. They now buy into our market. Supply and demand and the invisible hand at play. |
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Post by Equivocal on Oct 17, 2022 11:03:34 GMT
Can't see removing the cap on energy in April going down very well with voters. |
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Post by Red Rackham on Oct 17, 2022 11:04:40 GMT
Yeah, only six months help on energy bills. Need to end the war in Ukraine as it is the only way to cut bills before help I expect. I didn't comment either way. I think a more targeted approach to helping people with heating bills is sensible, as would scrapping all this net-zero nonsense. But Hunts announcement sounded more like something you would expect to hear from a Labour chancellor. |
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