It's scary that there's a possibility they might still win with a minority next election.
Westminster Politics
- Thread starter altodevil
- Start date
The housing market could probably stand that, but could it stand much more? Considering Kwarteng has just said how important house price growth is to the economy he doesn't seem to understand how it works.
Not quite
That is accurate, between £100,000 and roughly £125,000 there’s an effective 60% income tax bracket.
If King Charles III uses his power of royal prerogative to dissolve parliament, then I will pledge my allegiance to the monarch for the rest of my life.
And I bloody hate the royals too.
Mon Charlie, take the throne and use your powers to clean out the scum. Lock up every tory minister in prison too while you're at it and throw away the keys. Or bring back public executions and hang them one by one.
And I bloody hate the royals too.
Mon Charlie, take the throne and use your powers to clean out the scum. Lock up every tory minister in prison too while you're at it and throw away the keys. Or bring back public executions and hang them one by one.
Still, it's a good time to a banker right now. You'd be well chuffed
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Presume this is a troll?
Thoughts and prayers for those earning six figures
Believe it's just some straightforward sarcasm!Presume this is a troll?
Sun Tzu how much money do you actually earn fella? You love defending the tory's.
Trying to work out if you're the redcafe secret millionaire or if you're just a stubborn as feck plonker? I'm leaning more towards the latter.
page 666
the number of the beast
the number of the beast
Attended a presentation about the Tory attacks on the Human Rights Act yesterday.
It's frightening just how shoddy the consultation was and we got lucky Bodger was sacked when he was and Raab was ousted in the justice position.
A real near miss, but the thought is that the tories will now try to enact the worst parts of the Bill Of Rights through piecemeal legislation alongside other valid reforms
It's frightening just how shoddy the consultation was and we got lucky Bodger was sacked when he was and Raab was ousted in the justice position.
A real near miss, but the thought is that the tories will now try to enact the worst parts of the Bill Of Rights through piecemeal legislation alongside other valid reforms
I think the Good Friday Agreement is doing great work in retaining the HRA. If we didn't have that they would have repealed it in 2015.
Yeah man he’s definitely a secret millionaire. Hes so subtle with the 600 humble brags he makes each day, I’m actually surprised that you’ve picked up on it.
???
I don't see his posts aside from when he comes in here occasionally to defend the tory scum.
He's got a thread where he actively talks about owning rolex watches
He should just stop the foreplay and buy United to be honest
Yes based on the removal of the 45% tax bracket... I'm sure other people have made more holistic assessments but I was answering the point made that cutting the 45% rate saved everybody over 150k 10to 20k which it does not
As for the budget I think it's generally a mess and I predicted a few days ago it would tank the pound
That said I'm currently pricing a lot of work in euros and dollars so actually it's not the worst timing for my business so silver linings and all that
has it dawned on those dumb ass red wall voters yet i wonder that they just got royally fecked?
Might as well be open and honest about it. The fecking stupid people will still vote for the Tories.
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Yep the rent was covering the mortgage, but we had to remortgage cos the fixed rate was ending next month, so took the opportunity to overpay. Got rid of nearly all my remaining pounds which were getting eaten by inflation and used some SGD to buy cheaper pounds too earlier this week...should've held off til after the mini-budget but hey ho.
Happy days if you have a USD cash pile.
Why don't the BBC interview this fecker from Hartlepool again?
BBC’s Chris Mason erupts over criticism of Hartlepool interview | Politics | News | Express.co.uk
Was going to post this. Any gauge on their thoughts right now?
Turkeys voting for chirstmas.
'As long as we haven' t got any Polish plumbers, who cares about money!'
|
IIFS response to mini-Budget For immediate release |
|
Paul Johnson, IFS Director, said: “Today, the Chancellor announced the biggest package of tax cuts in 50 years without even a semblance of an effort to make the public finance numbers add up. Instead, the plan seems to be to borrow large sums at increasingly expensive rates, put government debt on an unsustainable rising path, and hope that we get better growth. This marks such a dramatic change in the direction of economic policy-making that some of the longer-serving cabinet ministers might be worried about getting whiplash. Mr Kwarteng has shown himself willing to gamble with fiscal sustainability in order to push through these huge tax cuts. He is willing to shrug off the risks of inflation, and to invite significantly higher interest rates. And he has avoided scrutiny by presenting a Budget in all but name without accompanying forecasts from the Office for Budget Responsibility. Injecting demand into this high-inflation economy leaves the government pulling in the exact opposite direction to the Bank of England, who are likely to raise rates in response. Early signs are that the markets – who will have to lend the money required to plug the gap in the government’s fiscal plans – aren’t impressed. This is worrying. Government borrowing is set on an upward path. It will reach its third-highest peak since the war, and remain at well over £100 billion, even once the energy support package is withdrawn. And we heard nothing on public spending. It seems almost inconceivable that plans made last year, when inflation was expected to peak around 3%, will not need topping up at some point, unless the government is willing to allow a (further) deterioration in the range and quality of public services. Presumably this government would borrow for that also. Mr Kwarteng is not just gambling on a new strategy, he is betting the house.” READ OUR FULL ANALYSIS HERE. ENDS Notes to Editor Read the full analysis on the IFS website here: https://ifs.org.uk/articles/mini-budget-response |
They got their Brexit Sovereignty back. Let's see how they are when their areas get fracked to hell.
If this weren't my country, it would make for a fascinating social and economic experiment. Basically in two years time, we either have amazing growth, or the entire ultra low tax Tory school of thought is destroyed for a generation.
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Yep going to be a doublewhammy of higher energy bills in October and then higher mortgage and credit card payments in November if interest rates are hiked at the next Bank of England meeting.
The mortgage arrears data looks way healthier than I'd have expected though. I know we've had low rates for yonks and people saving money wfh, but given how hot the property market has been I'd have expected more people to be stretched. The FCA's data for Q2 looks as good as it's been...for now.
https://www.fca.org.uk/data/commentary-mortgage-lending-statistics-q2-2022
I mean I think they are willing to let that happen aren't they ... infact its hard to see any other way as lending more money is going to be come difficult - fully expect moodys, fitch and S&P to be downrating the UK before the next budget
yes if 10K is the average the vast majority will get far less than that with a few very high earners (think most of our team) getting many times that saving
They know they're losing the next election.
The aims now are to feck things up as much as possible to make it almost impossible for Labour in 2 years, and to make as many as their rich benefactors happy as possible so the likes of Truss and Kwarteng can walk into 7 figure consultancy jobs when they lose the next GE.
The aims now are to feck things up as much as possible to make it almost impossible for Labour in 2 years, and to make as many as their rich benefactors happy as possible so the likes of Truss and Kwarteng can walk into 7 figure consultancy jobs when they lose the next GE.
Yes but not quite £800, bigger.
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He edited it from 'Great to see sterling strengthening on the back of the new UK growth plan'.
FTSE under 7000.
Truss has done it - under $1.10 and under €1.13.
And still falling.
And still falling.
Leverage your pension salary sacrifice at your company if you land here.