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Maybe Kwarteng devised his Budget at the Queen’s funeral.
He looks a very odd fruit….
I have come late to this Kwasi Kwarteng behaviour at Her Majesty’s funeral but I think it highly troubling both being highly offensive & inappropriate but also because it speaks to character
It the culmination of the Brexit project. The 'Singapore on Thames' idea that all the remoaners project-feared about.
It's not what the Brexit voters were told they were voting for; it's not what those who voted for Boris were told they were voting for. It's what a majority of Tory party members voted for, and it's now very real.
Still, at least we've taken back control and we don't have the EU telling us what to do any more.
Don't bother retiring. This so called Mini Budget has screwed Pensioners like myself. 1) The reversal of National Insurance contributions doesn't apply to Pensioners because we don't pay it. 2) The reduction of the Income Tax rate doesn't help us because most Pensioners only pay minimal income tax because their income is so low. 3) Stamp Duty changes don't help us because we're not likely to be moving house. 4). Utility bills hurt Pensioners more than the those that go to work. Because we spend more time at home hence use more Gas / Electric/ Water etc. If they take away our bus passes we'll be pooped. Same old Tory policies looking after their own by " making the rich richer & the poor poorer".
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Kwarteng’s Budget on 13:26 - Sep 23 with 10250 views
I genuinely think that they think most of their support base are affluent retired folk who have paid off their mortgages and will think they are better off by interest rates being increased.
Remember; they only have to get just under 40% of the vote to win the election.
They will have done their sums.
I however think they will have lost a lot of those votes due to the COVID lockdown parties. Even if Johnson has gone, the mud will still stick.
If this economic roll of the dice sparks a return to >2% growth, as hoped for, then they have something to try to campaign around at the next election (but even then they may lose).
If it doesn't, then I think the Tory Party is truly f*cked. I mean properly f*cked. 1997, out for over a decade, f*cked.
Whoever follows this government is going to have to find a way to reduce some of the massive debts they have accumulated. Trying to pay them back is going to be a nightmare. The interest payments alone will make them unsustainable and now that the UK is being perceived more and more by the outside world as an untrustworthy banana republic, they are going to charge us much higher interest rates than before.
Borrowing a few billion more to make the rich richer may endear Truss to them in the short term but when they see how rapidly the pound devalues, they'll realize they are effectively, like the rest of us, worse off.
The idea being that lower taxes, attract more rich people to the UK, to spend here, increasing growth. The world best football players, who arn't currently here, will want to come here and will spend their money here instead of in Spain or wherever. People earning less, will still have more money in their pockets, but proportionally less. Will it create growth and increased revenues for the government and therefore for public services, f@ck knows.
Football players like f@cking Ronaldo will suddenly get something like 5 grand more a week in their pocket. And the Saints players will be thousands better off. They better f@cking play better.
No Triple Lock on Pensions at the moment but apparently they intend to re-instate it next year. I'll believe it when I see it. How can it be fair that Saints players will be much better off & the loyal fans that pay a fortune to watch them will not be.
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Kwarteng’s Budget on 16:22 - Sep 23 with 9966 views
Wealthy people (especially rich footballers) who find considerably more in their pockets won't spend it like most of us would... like a new/newer car, holidays, new TV, sofa, etc. All they'll do is invest it - which is what they've always done. It won't go back into the system as such in order to help the economy.
Old School is Cool
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Kwarteng’s Budget on 16:32 - Sep 23 with 9952 views
And with the cut in corporation tax and removal of IR35 legislation, loads of loaded consultants will just pay themselves a shedload in dividends with no worries about getting stung for National Insurance.
They really have gone all-out to help a small section of people with few money worries.
Its a simple fuk u to the hardworking majority and those struggling to make ends meet. There is only a silver lining for those reaping even more from the common man..the UK is a basket case...
Money for those that don't need it...fukall for those that desperately do ....
Anyone seeing any positivity from this is minted already and insulated from reality.
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