OleGunnar20
Full Member
- Joined
- Dec 18, 2018
- Messages
- 2,199
To anyone who voted for these cnuts - Cheers.
Lowest since 1985?Pound hovering just above $1.11/£1 - Go Liz not far to go now!
deliver deliver deliverIn less than three weeks Truss has seen off the Queen and the economy. Some going.
Lizzie saw what was coming and knew it was time to leave.In less than three weeks Truss has seen off the Queen and the economy. Some going.
In 1985 it dipped down below $1.10 for a few weeks and for a day or two was below $1.05. Think she might break the record. It was above $2 around that time in the late 2000sLowest since 1985?
We were over $2 to the pound in 2007 I think
yes i was spending a fair bit of time in the states around 2006 / 2007 and pounds went a long way over there at the timeIn 1985 it dipped down below $1.10 for a few weeks and for a day or two was below $1.05. Think she might break the record. It was above $2 around that time in the late 2000s
Pound's still falling. Trying to destroy the country since 2016 (and before).yes i was spending a fair bit of time in the states around 2006 / 2007 and pounds went a long way over there at the time
Partity with the € or $ has to be a realistic prospect at this point
they will argue its setting up the UK to be an amazing exporter post brexitPound's still falling. Trying to destroy the country since 2016 (and before).
Of what - and ignoring the fact that the Uk is a net importer.they will argue its setting up the UK to be an amazing exporter post brexit
You might think that... I couldn't possibly comment!Well he was Welsh...
This. So much this.Feels like the last gasp attempt to siphon more money to vested interests before they are turfed out into the political wilderness for a decade.
It's obvious, transparent, and disgusting. They know a monster recession is coming which they hope they can hide by bumping GDP and letting the city perform well, hiding the massive reduction in national living standards by pointing at some arbitrary numbers that show "the country is booming" while services, and standards all dip and people die.
- Massive energy company profits - who do they all take money from / used to work for / will go to work for?
- Make sure anyone earning over £150k per annum gets a tax break to the tune of £10k-£20k per annum
- Uncapping banker's bonuses for their mates and former colleagues in the city.
That's not hyperbole, people will continue to die in record numbers in this country due to these soulless corrupt ghouls. I truly hope they all catch horrible illnesses and have to suffer the indignity of those in A&E hallways. feck them all.
Example, I got a text from my GP two days ago telling me there was a message at reception, spent 90 minutes, yes 90 mins, waiting to get through. I get through and they tell me the message is to book an appointment with reception. Ask the receptionist if I can book an appointment - "erm, no appointments until 17th October...."
Luckily I am only waiting for guidance on some meds, so I go into the surgery the next day and queue for forty mins to just ask them to prescribe the meds anyway without advice. An old woman behind me collapses in the queue. The woman says she will ask my doctor to call me. The doctor texts me verbatim "I've sent the meds to your usual pharmacy...." on a number I can't reply to. The kicker - I've never been prescribed meds by this surgery so have no clue which pharmacy of the five in my town has them.
The system is broken and they are all laughing at you. Laughing. Kwasi Kwarteng got coked up and went to the Queen's funeral so he can give epic bants in whatsapp groups and all laugh at our expense. You have 20-something MP's under investigation for SA. There is cocaine on every surface in Westminster. They partied while we were locked down. They gave their mates billions of your money for PPE that our nurses couldn't use.
At what point do we drag them out of office by their hair and put them on show trials?
I am so angry.
I disagree. No need to bring Palestine up. That should be one of the last things that Labour should talk about.You don't even need that much of an evidence. No one in Labour can even mention Palenstine. It's a fecking joke.
Yeah can you imagine. Awful man.I'm just glad it's not Corbyn that's PM!
Spot on, it's the Tories 'each-way bet'... if they win their members are quid's-in on tax, if Labour wins, they are 'hobbled' from the 'get go' having to try to reinstate what's been lost, support the £, etc. any sort of reforming is out of the question until the ship is steadied.Bad government policy but probably wise campaign strategy
There is literally fk all we can do.Feels like the last gasp attempt to siphon more money to vested interests before they are turfed out into the political wilderness for a decade.
It's obvious, transparent, and disgusting. They know a monster recession is coming which they hope they can hide by bumping GDP and letting the city perform well, hiding the massive reduction in national living standards by pointing at some arbitrary numbers that show "the country is booming" while services, and standards all dip and people die.
- Massive energy company profits - who do they all take money from / used to work for / will go to work for?
- Make sure anyone earning over £150k per annum gets a tax break to the tune of £10k-£20k per annum
- Uncapping banker's bonuses for their mates and former colleagues in the city.
That's not hyperbole, people will continue to die in record numbers in this country due to these soulless corrupt ghouls. I truly hope they all catch horrible illnesses and have to suffer the indignity of those in A&E hallways. feck them all.
Example, I got a text from my GP two days ago telling me there was a message at reception, spent 90 minutes, yes 90 mins, waiting to get through. I get through and they tell me the message is to book an appointment with reception. Ask the receptionist if I can book an appointment - "erm, no appointments until 17th October...."
Luckily I am only waiting for guidance on some meds, so I go into the surgery the next day and queue for forty mins to just ask them to prescribe the meds anyway without advice. An old woman behind me collapses in the queue. The woman says she will ask my doctor to call me. The doctor texts me verbatim "I've sent the meds to your usual pharmacy...." on a number I can't reply to. The kicker - I've never been prescribed meds by this surgery so have no clue which pharmacy of the five in my town has them.
The system is broken and they are all laughing at you. Laughing. Kwasi Kwarteng got coked up and went to the Queen's funeral so he can give epic bants in whatsapp groups and all laugh at our expense. You have 20-something MP's under investigation for SA. There is cocaine on every surface in Westminster. They partied while we were locked down. They gave their mates billions of your money for PPE that our nurses couldn't use.
At what point do we drag them out of office by their hair and put them on show trials?
I am so angry.
so if you earn 160K for example
- Make sure anyone earning over £150k per annum gets a tax break to the tune of £10k-£20k per annum
I was waiting for your usual post blaming this on Labour. Like clockwork.Spot on, it's the Tories 'each-way bet'... if they win their members are quid's-in on tax, if Labour wins, they are 'hobbled' from the 'get go' having to try to reinstate what's been lost, support the £, etc. any sort of reforming is out of the question until the ship is steadied.
Blair won three GE's on the trot, following a long period of Tory rule (or misrule depending on your perspective), but still the only notable achievement of that period for Labour was to reinstate some real support for the NHS, which has lasted.... until now, but now once again the NHS is slowly sinking/coming apart at the seams, and any new Labour government post GE will be back where it started almost 25 years ago.
"Those who do not learn from their mistakes are destined to repeat them..." could have been written for the Labour party (in my lifetime anyway) as long as Labour continues 'not to learn' from its mistakes, life is going to be bleak for anyone whose income is less than £100k per annum.
Yes probably, with the glut of new bond issuance coming. Having simultaneous fiscal loosening and monetary policy tightening will continue to spook investors too.Do we think the pound will drop further? I’ve got some dollars I’ve been holding onto to exchange.
Crikey, she's going to have to 'unleash' a lot phantom growth to pay for all this.Tweet
— Twitter API (@user) date
They did. They just went to a private one.Whoever is running economic policy of this country did not go to school.
A 5% tax break for people earning over £150k per annum is unconscionable, this is from someone in this bracket.so if you earn 160K for example
Currently you have ......................................new rules
0% tax = none ...............................................None (your tax allowance decreases by £1 for every £2 you earn over 100K making it an effective 60% tax rate till you have no tax free allowance
20% tax = 7,540..........................................19% tax = 7,163 (377 saving)
40% tax = 39,892........................................40% tax 43,892
15% tax = 4500............................................None
total = 51,932..............................................total = 51,055
so they are getting an £877 tax reduction or less than 5% of the £20k you mention and almost half that saving comes from the reduction in the basic rate not abolition of the top)
you would actually need to earn around £1.15m for the saving to be £20k so for sure not everyone earning over £150K
And of course somebody earning over £150k is still paying about £50K each year in income tax alone which without going all west wing / sam seaborn is kinda what makes the rest of the system work
Thanks. I had around $120 on my Revolut which got me close to £110…crazy considering how much I bought it for. But I have close to $1,000 cash so I might hold onto it for another week. My dad has a big big dollar cash pile though.Yes probably, with the glut of new bond issuance coming. Having simultaneous fiscal loosening and monetary policy tightening will continue to spook investors too.
Glad I just decided to pay down my mortgage using up all my pounds in the bank. I'd get murdered converting them into Singapore dollars.
This was interesting:so if you earn 160K for example
Currently you have ......................................new rules
0% tax = none ...............................................None (your tax allowance decreases by £1 for every £2 you earn over 100K making it an effective 60% tax rate till you have no tax free allowance
20% tax = 7,540..........................................19% tax = 7,163 (377 saving)
40% tax = 39,892........................................40% tax 43,892
15% tax = 4500............................................None
total = 51,932..............................................total = 51,055
so they are getting an £877 tax reduction or less than 5% of the £20k you mention and almost half that saving comes from the reduction in the basic rate not abolition of the top)
you would actually need to earn around £1.15m for the saving to be £20k so for sure not everyone earning over £150K
And of course somebody earning over £150k is still paying about £50K each year in income tax alone which without going all west wing / sam seaborn is kinda what makes the rest of the system work
Resolution has also worked out that someone on an income of £1 million will receive a tax cut worth £55,220 next year.The Chancellor’s £45bn package of tax cuts announced today, the largest in a single fiscal event since Anthony Barber’s ill-fated 1972 Budget, will boost growth in the short-term but raise interest rates and see an additional £411 billion of borrowing over five years.
The deterioration of the UK’s economic outlook since March, and additional packages of energy support, are estimated to have increased borrowing by £265bn over the next five years. Today’s tax cuts of £146bn raising that to £411bn.
Yes the tax differential between those on £1m and those just falling into the old 45% bracket is quite hugeThis was interesting:
Resolution: mini-budget means £55k tax cut for those on £1m/year.
The Resolution Foundation have rapidly assessed the impact of today’s mini-budget, and warned that the UK will borrow hundreds of billions more than expected.
They say::
Resolution has also worked out that someone on an income of £1 million will receive a tax cut worth £55,220 next year.
Very little goes to the poorest households:
Almost two-thirds (65%) of the gains from personal tax cuts announced today go to the richest fifth of households, who will be better-off on average by £3,090 next year.
Almost half (45%) will go to the richest 5% alone, who will be £8,560 better off.
But just 12% of the gains will go to the poorest half of households, who will be £230 better off on average next year.
Reminder, our Politics Live blog has full details:
Don't worry.This is scorched earth. They couldn’t give a feck. Just help their mates out whilst still in power. Hope you are proud of yourselves Tory voters. The Tory party are nothing but fecking scum.
Not that I’m in the least bit surprised to see you trying to defend this, your math seems questionable to say the least.so if you earn 160K for example
Currently you have ......................................new rules
0% tax = none ...............................................None (your tax allowance decreases by £1 for every £2 you earn over 100K making it an effective 60% tax rate till you have no tax free allowance
20% tax = 7,540..........................................19% tax = 7,163 (377 saving)
40% tax = 39,892........................................40% tax 43,892
15% tax = 4500............................................None
total = 51,932..............................................total = 51,055
so they are getting an £877 tax reduction or less than 5% of the £20k you mention and almost half that saving comes from the reduction in the basic rate not abolition of the top)
you would actually need to earn around £1.15m for the saving to be £20k so for sure not everyone earning over £150K
And of course somebody earning over £150k is still paying about £50K each year in income tax alone which without going all west wing / sam seaborn is kinda what makes the rest of the system work