News1 min ago
An Open Invitation To Join Me To Try To Save Our Beloved Country.
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Markets in panic, pensions on the brink of bankruptcy, rising interest rates, the pound crashing. It’s taken Liz Truss and Kwasi Kwarteng just 6 days to tank the economy with their ‘mini-budget’ – and put our livelihoods on the line.
Mini-budget --> maximum chaos.
This is about the money left in our pockets at the end of the month. Rising interest rates sending mortgages skyrocketing. A weaker pound making clothes and food more expensive.
This budget has plunged us into even more chaos, just when we needed urgent help to get through the cost of living crisis.
Millions of people across the country are enraged by their decision to borrow billions to give to the rich - and tank the economy in the process. International financial institutions, the Bank of England and even Tory MPs have savaged the plan. There’s only one option: rip up the budget.
Use the link below to join me and add your name today:
https:/
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There is not a cat in Hell's chance of me adding my name to that petition (or indeed any promoted by that organisation).
These measures are required to end the ridiculous strategy of printing worthless money, coupled with unrealistic interest rates which have enabled people to over-borrow. This has been going on for a quarter of a century. It has caused ridiculous property price inflation and the over-valuation of many equities. All countries that have been doing it will have to endure similar circumstances sooner or later.
//This is about the money left in our pockets at the end of the month.//
Indeed it is. And there will be a lot less of it because somebody has finally realised that the printing presses that have been churning out the funny money for the last twenty years have to be switched off.
These measures are required to end the ridiculous strategy of printing worthless money, coupled with unrealistic interest rates which have enabled people to over-borrow. This has been going on for a quarter of a century. It has caused ridiculous property price inflation and the over-valuation of many equities. All countries that have been doing it will have to endure similar circumstances sooner or later.
//This is about the money left in our pockets at the end of the month.//
Indeed it is. And there will be a lot less of it because somebody has finally realised that the printing presses that have been churning out the funny money for the last twenty years have to be switched off.
Indeed Tora. The hysteria surrounding this is breathtaking. The main gripe - "giving money to rich people" (the scrapping of the 45p tax rate) - is two pennyworth of sod all, amounting to just £2bn of the £45bn involved. And it's not giving money to rich people - it's confiscating less of their money - quite a difference.
The PM must hold her nerve and not acquiesce to these hysterics. She is the first politician to realise that the strategy of the last 25 years must end because paying people with worthless money will only end in tears - as is evident.
The PM must hold her nerve and not acquiesce to these hysterics. She is the first politician to realise that the strategy of the last 25 years must end because paying people with worthless money will only end in tears - as is evident.
The canary seems to have fallen at the first whiff of gas in the mine. Fallen for the propaganda peddled by our totally unbiased and neutral media (irony). Ask yourself, who is driving that particular agenda, which organisation is most likely to benefit? There are two sections of our society who are the likely culprits. No prizes for guessing who they are,
//"...amounting to just £2bn..."
Throwaway phrase of the week. :-)//
When compared to the £45bn of tax cuts (4.5%) and overall income tax revenue of £250bn (0.7%) it is small beer. The taxpayers who will be affected already pay almost 40% of all income tax revenue and after this change that percentage will drop to about 39.3%.
Throwaway phrase of the week. :-)//
When compared to the £45bn of tax cuts (4.5%) and overall income tax revenue of £250bn (0.7%) it is small beer. The taxpayers who will be affected already pay almost 40% of all income tax revenue and after this change that percentage will drop to about 39.3%.
"giving money to rich people" (the scrapping of the 45p tax rate) - is two pennyworth of sod all, amounting to just £2bn of the £45bn involved. "
First sensible quote on this: I am surprised it has taken so long.
We tax analysts hem hem look at the tax base - who is gonna pay it in short when things go up
the 45p drop - covers about 3,500 men and a dog or two
peanuts - total give away about thruppence
wun pence on basic tax
every one pays it - say 30m
from gov.uk: 1p increase in the basic rate of income tax would raise £5.5bn
gives you some idea
but everyone really knew that - innit?
First sensible quote on this: I am surprised it has taken so long.
We tax analysts hem hem look at the tax base - who is gonna pay it in short when things go up
the 45p drop - covers about 3,500 men and a dog or two
peanuts - total give away about thruppence
wun pence on basic tax
every one pays it - say 30m
from gov.uk: 1p increase in the basic rate of income tax would raise £5.5bn
gives you some idea
but everyone really knew that - innit?
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