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[Sir Tigger KC]

Meanwhile… who has their finger on the UK nuclear button? Ben Wallace, Truss?

I bet everyone has forgotten about Ukraine.

Jeremy Hunt. Do keep up Snr! 

[Varche]

 

[Migv6 le Frog Fan]

Kwasi,s mini budget recieved negative comments  by the IMF, the U.S. president and the German Chancellor. At least two of these have no business whatsoever commenting on or getting involved in UK domestic politics.
A Globalist conspiracy ? 

[Rangie]

Did anyone see that stupid bitch Diane Abbot sitting in parliament yesterday ? Stupid bitch looks totally unaware as to what is going on in the UK & could barely keep her eyes open.

[Sir Tigger KC]

Kwasi,s mini budget recieved negative comments  by the IMF, the U.S. president and the German Chancellor. At least two of these have no business whatsoever commenting on or getting involved in UK domestic politics.
A Globalist conspiracy ? 

I read that the IMF got stuck in at Macron's behest, as he thought it would be unfair if Britain became too competitive and avoided recession. 

Of course it's probably tinfoil hat stuff, but............... 

[LC0112G]

Kwasi,s mini budget recieved negative comments  by the IMF, the U.S. president and the German Chancellor. At least two of these have no business whatsoever commenting on or getting involved in UK domestic politics.
A Globalist conspiracy ? 

I disagree. If the worlds 6th largest economy goes to hell in a handcart because of the actions of its own govt, then it will also affect other major economies. I've little doubt that the inter govt communications behind the scenes after KK's budget were more 'lively' than anything that was said in public.

The reality is that the govt only has 3 sources of money

1. Taxation. The budget attempted to cut taxation by circa £45bn.
2. Borrow it. The money markets basically said fark off. We're not funding this tosh.
3. Print it. This is inflationary, and devalues the currency, so even if money markets are prepared to lend, they'll want higher interest/yield. Inflation is already 10%.

It doesn't take Einstein to work out that you cannot spend money you haven't got, and can't raise from some combination of 1,2 or 3 above. If 2 & 3 are out, then you can only reduce taxation if you also reduce spending by a similar amount. Promoting growth by cutting taxes is possible, but takes time to have effect. You can't do it on day 1 and expect results on day 2 - and the markets will say no.

I can't find the exact quote, but the jist of it is "When politics meets economics, economics wins"

[Doctor Gollum]

One problem with all of that.

Inflation is the opposite of growth. Money can also be generated without printing or borrowing or taxation.

Create a positive environment that allows people to generate disposable income that they can spend across the board generating higher income where the spend it. Greater revenue down the chain actually encourages natural, sustainable growth. Those at the bottom of the pile who want to do well can do because there are significantly more opportunities for them.

The Leftie idiocy being pedalled across the West is the opposite of this. The wealthy stop spending, the middle classes cut back and the poorer can't afford to eat or heat anything. Two or three shitty minimum wage zero hour jobs doesn't cut it if the economy is trying to bankroll the country.

It’s no coincidence that the places that recovered quickly from the 2007/8 recession and Batflu are generally right leaning with low taxation. Oh and the tend to have the best funded public sectors too.

Kwasi was right and it is a crying shame that his boss doesn't have the balls to see things through. In fact he could have gone one better and outlawed both the minimum wage and zero hour contracts

[LC0112G]

One problem with all of that.

Inflation is the opposite of growth. Money can also be generated without printing or borrowing or taxation.

Create a positive environment that allows people to generate disposable income that they can spend across the board generating higher income where the spend it. Greater revenue down the chain actually encourages natural, sustainable growth. Those at the bottom of the pile who want to do well can do because there are significantly more opportunities for them.

The Leftie idiocy being pedalled across the West is the opposite of this. The wealthy stop spending, the middle classes cut back and the poorer can't afford to eat or heat anything. Two or three shitty minimum wage zero hour jobs doesn't cut it if the economy is trying to bankroll the country.

It’s no coincidence that the places that recovered quickly from the 2007/8 recession and Batflu are generally right leaning with low taxation. Oh and the tend to have the best funded public sectors too.

Kwasi was right and it is a crying shame that his boss doesn't have the balls to see things through. In fact he could have gone one better and outlawed both the minimum wage and zero hour contracts

Whilst I agree with the gist of what you're saying, it doesn't and can't happen overnight. It's effectively chicken and egg.

If you lower taxation to promote growth, the growth doesn't yield results for a year or two, but the drop in taxation income happens immediatley (well in April). If you're already running a budget defecit of £20bn, and then suddenly try to more than double it with no warning, the people/institutions that you want to borrow the money from to tide you over between cause and effect are going to get spooked. And if the money markets don't believe your policy is going to actually work, they will refuse to lend the money at all. So the Govt ends up going to 'loan sharks' to borrow the money, and ends up paying 5% interest.

Lowering taxes by £36bn whilst you're already spending £45bn more than you're raising in taxes (due to energy price support, Covid etc) could never work. I suspect that's what the chief secretary to the treasury tried to tell KK before he was given his marching orders.

[Sir Tigger KC]

Suella Braverman has resigned after apparently sending an email from the wrong server on her phone and Jeremy Hunt has appointed Grant Shapps as the new Home Secretary. 

I wonder if as ex Transport Secretary he will lay on regular and free Calais-Dover ferry services for illegal immigrants refugees? 

Might as well! 

[Varche]

Love the word excremental.

[Migv6 le Frog Fan]

Chief whip has now resigned too.

[Field Marshal Dr. Opti]

Chief whip has now resigned too.

.....as has his junior.

[Migv6 le Frog Fan]

Her junior. 

[Migv6 le Frog Fan]

No matter. Apparently they have both now unresigned !
This undignified shambles cant go on much longer ffs. Its beyond parody. 

[Migv6 le Frog Fan]

Edit.