The I cant believe it’s not politics thread.

[urban.spaceman]

1 hour ago, Fazzer 7 said:

Hardly, I don’t pay income tax 😂 It is a tad embarrassing though, for Truss. It is more of a delay than a u turn, according to the telegraph. 

I don't care I just want to see her crying on the steps of Downing Street

[filthyfox]

1 minute ago, urban.spaceman said:

Here we go...

 

 

 

Bye bye pound.... again

[Sly]

The party members voted her in. 
 

I’d be inclined to think, the wider public would have gone with Sunak, given that he comes across as having at least an ounce of common sense in regards to financial control. 
 

Also….

 

Chancellor expected to back down on 45p tax rate

 

https://www.bbc.co.uk/news/uk-63114279

[Innovindil]

24 minutes ago, Sly said:

The party members voted her in. 
 

I’d be inclined to think, the wider public would have gone with Sunak, given that he comes across as having at least an ounce of common sense in regards to financial control. 
 

Also….

 

Chancellor expected to back down on 45p tax rate

 

https://www.bbc.co.uk/news/uk-63114279

Wow. The fact that they reckon this wouldn't pass a commons vote when tories have the biggest majority in ages says volumes on just how shit an idea this was. 

[st albans fox]

7 hours ago, filthyfox said:

Bye bye pound.... again

I would think that the usual knock the pound would get with political uncertainty would be more than outweighed by the expectation of a different administration with an ounce of fiscal understanding as opposed to nowt! 

[st albans fox]

Just now, Innovindil said:

Wow. The fact that they reckon this wouldn't pass a commons vote when tories have the biggest majority in ages says volumes on just how shit an idea this was. 

 

the telegraph reported that they were simply going to delay voting on  this 5p cut until late November. Now it seems they are going to pull it completely.  I suggest waiting to see exactly what is announced before commenting further. 

[StanSP]

9 hours ago, st albans fox said:

She only said this morning that she isn’t for turning 

She's becoming renowned for it in her political career. 

[StanSP]

 

 

[StanSP]

What I want to know is what did they think the tax rate cute would be like? Did they initially think it's some grand idea? Could they not have foreseen the response? 

[st albans fox]

I don’t believe that the telegraph were misinformed yesterday evening 

 

either they were flying a kite to see if MP’s would support it based on cuts (which they clearly weren’t) or there is an even bigger lack of common sense in nos 10/11 than we thought. 

 

they will surely bring this back at some point though 

 

 

The damage to the admin is done though - and the markets will hardly be impressed - it wasn’t something that was very expensive. It’s the fact that they are prepared to borrow to do it - it shows what they are! 

 

Edited 3 October 2022 by st albans fox

[Unabomber]

I’m just glad they get it. I was starting to think they were clueless and didn’t get it. All good now. 

[Zear0]

Cost of mortgages to plummet back down and everything back to normal after this change of heart. Right? 

[filthyfox]

8 minutes ago, Zear0 said:

Cost of mortgages to plummet back down and everything back to normal after this change of heart. Right? 

Fat chance!  Thats like waiting for gas and electric to go back down!

[st albans fox]

26 minutes ago, Zear0 said:

Cost of mortgages to plummet back down and everything back to normal after this change of heart. Right? 

Nope

you’ll find that it’s way harder climbing a hill than falling down it 

 

sterling dropped to 1-03 at its lowest

 

it settled at 1-07/1-09 last week

 

Dollar has weakened somewhat and Sterling had gained in line with other currencies to be trading around 1-11/1-12

 

the bonds and gilts market is what we need to see recover as rates for U.K. debt will drop as a result.  
 

confidence in the govt is shattered though - hence the need for them to  embrace the OBR every step they now take 

 

 

[Nalis]

[Foxdiamond]

Wow. Pleased the 45p tax cut has been cancelled. Only yesterday Truss was saying she will make the hard choices required. Now ditched under pressure. Is this another example of her shifting principles. Liberal then a right wing Tory, remain then pro brexit. If she was a football fan she would change teams according who was top of the league.

[weller54]

[Zear0]

The wannabe Iron Lady turns on first policy.

[Captain...]

This is up there with one of the biggest political own goals ever. Really setting the stall out as being a bunch of the worst type of Tories, destroy any remaining support amongst the Red Wall and swing voters and still have to then back track on the policy because your own party wouldn't vote for it. 

 

Shambles, the only downside is all the focus is on the top rate of tax policy and not the rest of the shit show of a mini budget.

 

 

[Mickyblueeyes]

Imposter syndrome is real. Working through it in a new job is a real struggle some times. You got to work at it, you deserve that promotion on merit. 

 

This advice applies to everyone except Kwasi Kwarteng. Kwasi Kwarteng can **** off. 

[Fazzer 7]

Stock markets across Europe are once again down steeply. This rout on the markets isn’t just a UK thing. It’s global, and it’s hurting real bad. 

[StanSP]

1 minute ago, Fazzer 7 said:

Stock markets across Europe are once again down steeply. This rout on the markets isn’t just a UK thing. It’s global, and it’s hurting real bad. 

Bloody Keir Starmer! 

[weller54]

6 minutes ago, Fazzer 7 said:

Stock markets across Europe are once again down steeply. This rout on the markets isn’t just a UK thing. It’s global, and it’s hurting real bad. 

Bloody Wellens!

[hackneyfox]

6 minutes ago, Fazzer 7 said:

Stock markets across Europe are once again down steeply. This rout on the markets isn’t just a UK thing. It’s global, and it’s hurting real bad. 

Bloody remainers working in the City of London.

[skinnydipper]

 

Dumb and Dumber