news & politics:discussion

[Neil]

13 minutes ago, steviewevie said:

 

Under Cameron and Osborne we had spending cuts without the tax cuts...it was all to bring down the deficit apparently, but in the end just felt like a cynical way of shrinking the state. Now we are getting spending cuts because markets don't trust Kwarteng/Truss plans for tax cuts and growth. So, I expect some people will like the fact they have more money and aren't bothered about the state of public services, the selfish gene and all that. I guess depends where cuts will be...welfare? education? HS2?

 now it just feels like viciousness for the sake of being vicious.

[Punksnotdead]

2 minutes ago, Neil said:

 now it just feels like viciousness for the sake of being vicious.

It always was! The difference this time is even some Tories are threatening to rebel against it.

[Neil]

1 minute ago, Punksnotdead said:

It always was! The difference this time is even some Tories are threatening to rebel against it.

because even those tories can see how unfair and vicious it is.

[steviewevie]

12 minutes ago, Neil said:

 now it just feels like viciousness for the sake of being vicious.

It's ideology of many on Tory right and various libertarian think tanks. It drove much of the leave campaign. Low tax, low regulation, small state.

Edited October 4, 2022 by steviewevie

[Guest]

Austerity isn’t an ideology, it’s justification for the Right to cut public services and funnel more of the money from the poor to the rich. 

[steviewevie]

Also have to remember that despite the last load of austerity, Tories kept winning.

[lost]

Can’t see the BOE wanting to monetise much more debt. The timing of these bond purchases was terrible in regards to starting to unwind the COVID debts.

[Guest]

8 minutes ago, steviewevie said:

Also have to remember that despite the last load of austerity, Tories kept winning.

That’s mainly because of poor Labour messaging and the media not doing their jobs properly. 

[steviewevie]

3 minutes ago, lost said:

Can’t see the BOE wanting to monetise much more debt. The timing of these bond purchases was terrible in regards to starting to unwind the COVID debts.

Yes timing was terrible, but necessary due to what happened to markets after Kwarteng's dumbarse budget.

Weren't the bond buying supposed to last two weeks, probably why uturns and cuts brought forward to stabilise things.

What a mess.

[Guest]

2 minutes ago, steviewevie said:

Yes timing was terrible, but necessary due to what happened to markets after Kwarteng's dumbarse budget.

Weren't the bond buying supposed to last two weeks, probably why uturns and cuts brought forward to stabilise things.

What a mess.

According to the Press the reason for the u turn was because Graham Brady went and told Truss that she didn’t have the numbers for the tax cuts and it could bring her down. 

[Punksnotdead]

31 minutes ago, Neil said:

because even those tories can see how unfair and vicious it is.

The nasty party. Always have been. Always will be.

[Neil]

36 minutes ago, Ozanne said:

Austerity isn’t an ideology, it’s justification for the Right to cut public services and funnel more of the money from the poor to the rich. 

It's a political choice. 

[steviewevie]

7 minutes ago, Neil said:

It's a political choice. 

Everything is shit. Want change? Here, have a referendum.

[steviewevie]

actually agree with this.

 

[Neil]

I'll be pissed off if I don't get my sixty quid rise in my PIP payments. 

[steviewevie]

Maybe we should have paid attention to what Dishi was saying instead of accusing him of mansplaining.

[squirrelarmy]

21 minutes ago, Neil said:

I'll be pissed off if I don't get my sixty quid rise in my PIP payments. 

Have you got your £150 yet? I still haven’t got mine. 

[Neil]

1 hour ago, squirrelarmy said:

Have you got your £150 yet? I still haven’t got mine. 

Haven't checked today, I hadn't had it yesterday. 

[Crazyfool01]

Braverman will turn conference around .... 

[steviewevie]

27 minutes ago, Crazyfool01 said:

Braverman will turn conference around .... 

send'em back

[steviewevie]

Gilts now back to where they were before the budget, and bank has only spent £3.7billion...bargain.

[lost]

UN calling for central banks to stop hiking rates and governments to use price controls instead

[Guest]

Sounds sensible. Raising interest rates is the mechanism to combat inflation when it’s driven by high consumer confidence not when it’s supply issues like now.

[fraybentos1]

16 minutes ago, lost said:

UN calling for central banks to stop hiking rates and governments to use price controls instead

They don't have a choice, they've been way too low for too long

 

9 minutes ago, Ozanne said:

Sounds sensible.

Does it yeah? Let's just let the pound crash and make all our imports even more expensive, that'll help. You just don't want to pay more on your mortgage, be honest.

[mattiloy]

Brexit must really suck