news & politics:discussion

[Neil]

9 minutes ago, steviewevie said:

Does it hit poorer harder?

Anyway this is reality now. Govt desperate to show markets that they're serious about reducing debt otherwise we're even more fucked.

It is such a mess.

Doesn't really hit poor harder as vat by definition is only paid on luxuries. 

[Guest]

16 minutes ago, steviewevie said:

Does it hit poorer harder?

Anyway this is reality now. Govt desperate to show markets that they're serious about reducing debt otherwise we're even more fucked.

It is such a mess.

I think it does, given that it’ll put prices up and as a result will hit people with less money more. It’s definitely a regressive way of handling things. 

[Guest]

 

[efcfanwirral]

Mini 5 year party dictatorships...

Now imagine the scenario. Labour get in power with a moderate leader, a steady hand with some well considered sensible policies, a manifesto most people are generally happy with or at least can get on board with and some sort of harmony with the markets. 

Then they sack the leader and get Corbyn back in (or similar to him). They rip up the manifesto and start implementing the sort of policies that are popular here but maybe not in the general public. And have nearly 5 years to do it. 

These MPs would be throwing a massive tantrum and demanding the PM is forcibly removed from number 10 and a general election happens immediately.

They're now setting the precedent for this exact sort of thing to happen (in any direction, that was just an obvious example). 

They don't seem to think in the long term at all...

Edited October 16, 2022 by efcfanwirral

[steviewevie]

18 minutes ago, efcfanwirral said:

Mini 5 year party dictatorships...

Now imagine the scenario. Labour get in power with a moderate leader, a steady hand with some well considered sensible policies, a manifesto most people are generally happy with or at least can get on board with and some sort of harmony with the markets. 

Then they sack the leader and get Corbyn back in (or similar to him). They rip up the manifesto and start implementing the sort of policies that are popular here but maybe not in the general public. And have nearly 5 years to do it. 

These MPs would be throwing a massive tantrum and demanding the PM is forcibly removed from number 10 and a general election happens immediately.

They're now setting the precedent for this exact sort of thing to happen (in any direction, that was just an obvious example). 

They don't seem to think in the long term at all...

Thing is, we still have general elections. 

 

[Guest]

26 minutes ago, efcfanwirral said:

Mini 5 year party dictatorships...

Now imagine the scenario. Labour get in power with a moderate leader, a steady hand with some well considered sensible policies, a manifesto most people are generally happy with or at least can get on board with and some sort of harmony with the markets. 

Then they sack the leader and get Corbyn back in (or similar to him). They rip up the manifesto and start implementing the sort of policies that are popular here but maybe not in the general public. And have nearly 5 years to do it. 

These MPs would be throwing a massive tantrum and demanding the PM is forcibly removed from number 10 and a general election happens immediately.

They're now setting the precedent for this exact sort of thing to happen (in any direction, that was just an obvious example). 

They don't seem to think in the long term at all...

This is fine for the Tories but not for anyone else. They play politics on easy mode so will be allowed to do this whilst people blow up over a Labour leader eating a sandwich the wrong way. 

[steviewevie]

 

[steviewevie]

Saved by Huntonomics.

[steviewevie]

 

[Guest]

30 minutes ago, steviewevie said:

 

Geez, that's seismic.

What an incredible job Keir Starmer has done so far.

[Guest]

Just imagine what the media would be saying if all this was happening under a Labour government, yet quite a few are seemingly seeing no issue with a 3rd Tory PM in this Parliament and this time to be decided by about 300 MPs. 

[Guest]

He’s so great, I love him. 

[gizmoman]

5 hours ago, Neil said:

Doesn't really hit poor harder as vat by definition is only paid on luxuries. 

You pay VAT on almost everything other than food, not just luxuries, so the fuel you put in your car to get to work goes up, the cost of replacing essential household items such as a kettle goes up, the cost of a new pair of shoes because your old ones are worn out etc. etc. It certainly does impact those on a low income more, I'm amazed you don't understand this.

[Rufus Gwertigan]

https://www.facebook.com/100002258868025/posts/pfbid02RFL86Mp1ABuRQAkXswLvUQhY4ZXYJS8xvMdB3Mbs2CXBL6cWSMfW9Ha2XsRtxHCJl/?sfnsn=scwspmo

Thought this was funny

[steviewevie]

Hunt talking about reversing more of the tax cuts this morning, desperate to reassure markets before they open...

[steviewevie]

7 hours ago, gizmoman said:

You pay VAT on almost everything other than food, not just luxuries, so the fuel you put in your car to get to work goes up, the cost of replacing essential household items such as a kettle goes up, the cost of a new pair of shoes because your old ones are worn out etc. etc. It certainly does impact those on a low income more, I'm amazed you don't understand this.

yeah, just seen it debated before, whether VAT is progressive or regressive...different opinions out there...

...and there are a lot of things I don't understand.

[steviewevie]

11 minutes ago, steviewevie said:

Hunt talking about reversing more of the tax cuts this morning, desperate to reassure markets before they open...

infact he's bringing forward his Oct 31st fiscal thingy to today. All change. Higher taxes, less spending. Yay!

[Neil]

With a bit of luck the truntss will be gone by the end of today 

[squirrelarmy]

6 minutes ago, Neil said:

With a bit of luck the truntss will be gone by the end of today 

They’ll be a party on the lettuce stream if she does. 

[Guest]

20 minutes ago, steviewevie said:

infact he's bringing forward his Oct 31st fiscal thingy to today. All change. Higher taxes, less spending. Yay!

Ahahaha. The panic in the government is amusing. 

[steviewevie]

7 minutes ago, Ozanne said:

Ahahaha. The panic in the government is amusing. 

but at same time a bit depressing that things are now going to be a bit more shit....but maybe economy might be in better shape when Labour win all the seats in the next election.

[steviewevie]

19 minutes ago, Neil said:

With a bit of luck the truntss will be gone by the end of today 

I expect Hunt will be ok if markets react positively...he'll be able to say he saved the day, might even be a candidate to replace Truss as PM, but probably that would be too far for many MPs and tory members.

Truss on the other hand is clinging on, we'll see...can't see her being there for much longer, but we said this about Johnson many times...

Edited October 17, 2022 by steviewevie

[Neil]

7 minutes ago, steviewevie said:

but we said this about Johnson many times...

and we ended up right.

[steviewevie]

8 minutes ago, Neil said:

and we ended up right.

yeah, we did...but it dragged on...and same might happen with Truss, but she seems a lot more damaged, so maybe she'll be out by lunchtime.

[Neil]

1 minute ago, steviewevie said:

yeah, we did...but it dragged on...and same might happen with Truss, but she seems a lot more damaged, so maybe she'll be out by lunchtime.

good comedy if she is.