Liz Truss - an unending void of horror and pain
Re: Liz Truss - an unending void of horror and pain
Turns out Liz Truss's chief of staff can't* travel to the US with her, because he's under FBI investigation for bribery, corruption and subversion of democracy.
https://www.thetimes.co.uk/article/no-1 ... -bvhsgpjhc
* In the same sense that Assange couldn't leave the Ecuadoran Embassy.
https://www.thetimes.co.uk/article/no-1 ... -bvhsgpjhc
* In the same sense that Assange couldn't leave the Ecuadoran Embassy.
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Re: Liz Truss - an unending void of horror and pain
So that was paywalled, so I googled and found the Spectator version, which led to a review of something on nthe telly, which includen the linedyqik wrote: ↑Tue Sep 20, 2022 11:26 amTurns out Liz Truss's chief of staff can't* travel to the US with her, because he's under FBI investigation for bribery, corruption and subversion of democracy.
https://www.thetimes.co.uk/article/no-1 ... -bvhsgpjhc
* In the same sense that Assange couldn't leave the Ecuadoran Embassy.
which lead me back here. Sums her up just right....appears to have been constructed with all the charm, flair, character, originality and artistry of an Ikea wardrobe.
Funny old world.
If you want me Steve, just Snapchat me yeah? You know how to Snapchap me doncha Steve? You just...
Re: Liz Truss - an unending void of horror and pain
This may all be true but IKEA wardrobes do tend to be useful, robust, and generally good value for money none of which could be said of Truss and her policies.tenchboy wrote: ↑Tue Sep 20, 2022 12:01 pm
So that was paywalled, so I googled and found the Spectator version, which led to a review of something on nthe telly, which includen the linewhich lead me back here. Sums her up just right....appears to have been constructed with all the charm, flair, character, originality and artistry of an Ikea wardrobe.
Funny old world.
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Re: Liz Truss - an unending void of horror and pain
Ha! Yes. You got me there.kerrya1 wrote: ↑Tue Sep 20, 2022 12:14 pmThis may all be true but IKEA wardrobes do tend to be useful, robust, and generally good value for money none of which could be said of Truss and her policies.tenchboy wrote: ↑Tue Sep 20, 2022 12:01 pm
So that was paywalled, so I googled and found the Spectator version, which led to a review of something on nthe telly, which includen the linewhich lead me back here. Sums her up just right....appears to have been constructed with all the charm, flair, character, originality and artistry of an Ikea wardrobe.
Funny old world.
If you want me Steve, just Snapchat me yeah? You know how to Snapchap me doncha Steve? You just...
Re: Liz Truss - an unending void of horror and pain
According to Bloomberg, Mark Fullbrook has denied the report in the Times that he is subject to investigation. Rather, he is fully cooperating with the US authorities as a witness in the investigation that has led to the arrest of Puerto Rico's former leader, and another. Fullbrook became involved in Puerto Rico while working as part Lynton Crosby's outfit, which was employed by them.tenchboy wrote: ↑Tue Sep 20, 2022 12:01 pmSo that was paywalled, so I googled and found the Spectator version,dyqik wrote: ↑Tue Sep 20, 2022 11:26 amTurns out Liz Truss's chief of staff can't* travel to the US with her, because he's under FBI investigation for bribery, corruption and subversion of democracy.
https://www.thetimes.co.uk/article/no-1 ... -bvhsgpjhc
* In the same sense that Assange couldn't leave the Ecuadoran Embassy.
By Conservative party standards, it's not looking like very much like a tasty scandal yet, I'm disappointed to say.
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Re: Liz Truss - an unending void of horror and pain
According to news reports from her chatting on her flights to New York . . .
. . . she's prepared to be unpopular.
Just as well, really !!
. . . she's prepared to be unpopular.
Just as well, really !!
WOULD CUSTOMERS PLEASE REFRAIN FROM SITTING ON THE COUNTER BY THE BACON SLICER - AS WE'RE GETTING A LITTLE BEHIND IN OUR ORDERS.
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Re: Liz Truss - an unending void of horror and pain
IIRC it was from her Sky News interview with Beth Rigby.
Complete word salad
E.g
Q: Giving the cost of living crisis why are you prioritising bankers bonuses?
A: Britain suffers a lack of investment across the regions but has a world class financial centre.
Q: Why is the taxpayer picking up the bill when energy companies are reporting record profits?
A: People like mobile phones.
Q: People worry large tax cuts funded by extra borrowing will increase inflation and interest rates.
A: No, large tax cuts funded by extra borrowing will decrease inflation and decrease interest rates
What the gibbering f.ck?
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Re: Liz Truss - an unending void of horror and pain
Can't understand why Trussonomics isn't being condemned on all sides.
She says she's convinced tax cuts grow the economy. She's right. They will grow the economy in nominal terms. However highly dubious they will grow the economy in real terms. Inflation is inevitable.
High interest rates are going to be unpopular. And - worst sin in Toryland - bad for house prices. Cutting stamp duty will bump them back a bit, but nothing like the hit (in real terms) from inflation/high interest rates.
She says she's convinced tax cuts grow the economy. She's right. They will grow the economy in nominal terms. However highly dubious they will grow the economy in real terms. Inflation is inevitable.
High interest rates are going to be unpopular. And - worst sin in Toryland - bad for house prices. Cutting stamp duty will bump them back a bit, but nothing like the hit (in real terms) from inflation/high interest rates.
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Re: Liz Truss - an unending void of horror and pain
Sticking with the unashamed Marxists at Sky News.
They currently have "Truss Day 16" as a permabox in the top left corner, regardless of content, the sort of way you would enumerate and livestream a world crisis or some other significant but short-lived national event.
I don't recall them doing that for anyone else.
They currently have "Truss Day 16" as a permabox in the top left corner, regardless of content, the sort of way you would enumerate and livestream a world crisis or some other significant but short-lived national event.
I don't recall them doing that for anyone else.
This place is not a place of honor, no highly esteemed deed is commemorated here, nothing valued is here.
What is here was dangerous and repulsive to us.
This place is best shunned and left uninhabited.
What is here was dangerous and repulsive to us.
This place is best shunned and left uninhabited.
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Re: Liz Truss - an unending void of horror and pain
Does the box have space for three digits?Little waster wrote: ↑Wed Sep 21, 2022 7:51 amSticking with the unashamed Marxists at Sky News.
They currently have "Truss Day 16" as a permabox in the top left corner, regardless of content, the sort of way you would enumerate and livestream a world crisis or some other significant but short-lived national event.
I don't recall them doing that for anyone else.
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Re: Liz Truss - an unending void of horror and pain
https://www.theguardian.com/politics/li ... itics-live
WTAF !!!
and in further news, black is definitely white !!
WTAF !!!
and in further news, black is definitely white !!
WOULD CUSTOMERS PLEASE REFRAIN FROM SITTING ON THE COUNTER BY THE BACON SLICER - AS WE'RE GETTING A LITTLE BEHIND IN OUR ORDERS.
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Re: Liz Truss - an unending void of horror and pain
Not obviously.Trinucleus wrote: ↑Wed Sep 21, 2022 2:04 pmDoes the box have space for three digits?Little waster wrote: ↑Wed Sep 21, 2022 7:51 amSticking with the unashamed Marxists at Sky News.
They currently have "Truss Day 16" as a permabox in the top left corner, regardless of content, the sort of way you would enumerate and livestream a world crisis or some other significant but short-lived national event.
I don't recall them doing that for anyone else.
I'll check tomorrow if it's counting up ... or counting down
This place is not a place of honor, no highly esteemed deed is commemorated here, nothing valued is here.
What is here was dangerous and repulsive to us.
This place is best shunned and left uninhabited.
What is here was dangerous and repulsive to us.
This place is best shunned and left uninhabited.
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Re: Liz Truss - an unending void of horror and pain
TBF the one thing* we know about bankers getting ridiculous bonuses is it always makes them make more cautious and sensible investment decisions and then the minute it lands in their accounts they are out there splashing the cash on improving bus services in rural Northumberland and training former coal miners to become games developers.Lew Dolby wrote: ↑Wed Sep 21, 2022 5:18 pmhttps://www.theguardian.com/politics/li ... itics-live
WTAF !!!
and in further news, black is definitely white !!
I mean, what else are they going to do with huge wads of cash; buy an Italian sports car, piss off to Thailand and die of a heart-attack while snorting lines of coke off the back of an endangered sea-turtle?
It's only fair really, just cast your mind back to the darkest days of the pandemic and recall how the spontaneous, daily Clap-the-bankers brought us all together as a society and gave us rare hope. We promised ourselves then that their brave sacrifices would not go unforgotten*.
I'm welling up here just thinking about it ... Just thank you, thank you, thank you.
This place is not a place of honor, no highly esteemed deed is commemorated here, nothing valued is here.
What is here was dangerous and repulsive to us.
This place is best shunned and left uninhabited.
What is here was dangerous and repulsive to us.
This place is best shunned and left uninhabited.
Re: Liz Truss - an unending void of horror and pain
Hmm,
Interesting...
Don't usually see this (on political things on the BBC)...
Interesting...
Don't usually see this (on political things on the BBC)...
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ETA 5/8/20: I've been advised that the result was correct, it was the initial interpretation that needed to be withdrawn
Meta? I'd say so!
ETA 5/8/20: I've been advised that the result was correct, it was the initial interpretation that needed to be withdrawn
Meta? I'd say so!
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Re: Liz Truss - an unending void of horror and pain
The stamp duty cut is pathetic, in all honesty. If, as economists have been saying, the tax is pants and blocks liquidity of the housing sector, then the cut will make no difference. They've basically said the 2% band (from £125,000 to £250,000) is now 0%. That's it - a saving of £2,500 to people moving house. For those moving into big houses, it will make near enough f.ck all difference (buying a £700k house will incur £22.5k stamp duty rather than £25k), and for those in cheaper houses, it might improve things a little but will it really make the difference in a recession, high-rate environment?
If truth is many-sided, mendacity is many-tongued
Re: Liz Truss - an unending void of horror and pain
What economists actually say is, it would be better to raise this money by taxing the day-to-day occupation of houses more fairly. People should pay regular tax, reflecting their consumption of property occupation services, not just when they happen to move house. We should take more of our tax from property occupation taxes. That taxes everyone who lives in a valuable property the same over time, not just according to how often they move house. And a tax that continues to increase as your property value increases, rather than being topped off at Band H (worth £320k in 2003 prices - around £700k today). When I bought my house it was a 2-bed bungalow and in Band G. Band H isn't just huge mansions.El Pollo Diablo wrote: ↑Fri Sep 23, 2022 9:16 amThe stamp duty cut is pathetic, in all honesty. If, as economists have been saying, the tax is pants and blocks liquidity of the housing sector, then the cut will make no difference. They've basically said the 2% band (from £125,000 to £250,000) is now 0%. That's it - a saving of £2,500 to people moving house. For those moving into big houses, it will make near enough f.ck all difference (buying a £700k house will incur £22.5k stamp duty rather than £25k), and for those in cheaper houses, it might improve things a little but will it really make the difference in a recession, high-rate environment?
The justification against this in the 1990s was that old people with low incomes couldn't possibly sell their valuable houses, downsizing to a property tax they could afford. It was ridiculous then, and even more ridiculous today as the old becomes one of the best-off groups of society. The Tories decided the rates were unacceptable, but the truth it was a better tax than the alternatives. It was blatant redistribution in favour of the well-off. Just as Liz Truss's recent measures amount to, when you add them up.
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Re: Liz Truss - an unending void of horror and pain
What is the logic behind the government unleashing fiscal loosening via tax cuts at the same time the Bank of England is employing monetary tightening by increasing interest rates?
"All models are wrong but some are useful" - George Box
Re: Liz Truss - an unending void of horror and pain
It's laughable.
And obscene.
And dangerous.
And obscene.
And dangerous.
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Re: Liz Truss - an unending void of horror and pain
So all these tax cuts are going to lead to growth??
How? Leaving more money in businesses by not raising corporation tax is going to raise growth by allowing them to hire more people? Last I heard unemployment was at an all time low... and importing staff is now beyond challenging.
Or will it be by paying those people more? I note that the minimum wage isn't increasing and so the decisions around paying staff more or retaining profit for shareholders will be left to boards of directors (I can guess how that goes).
What will happen is the rich will get richer, the poor poorer, and public services will shrink. But then perhaps that's what they're after - not growth.
How? Leaving more money in businesses by not raising corporation tax is going to raise growth by allowing them to hire more people? Last I heard unemployment was at an all time low... and importing staff is now beyond challenging.
Or will it be by paying those people more? I note that the minimum wage isn't increasing and so the decisions around paying staff more or retaining profit for shareholders will be left to boards of directors (I can guess how that goes).
What will happen is the rich will get richer, the poor poorer, and public services will shrink. But then perhaps that's what they're after - not growth.
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unless its Lion or Osterich poo... http://dsc.discovery.com/videos/mythbus ... -turd.html
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Re: Liz Truss - an unending void of horror and pain
Hey let's play out the more-optimistic option to see where that takes us.
So there's an across-the-board pay rise so everybody now has more money in their pockets, despite not creating as much as an extra paperclip in additional domestic output. So what are they going to do with this additional cash? Either chase the same amount of domestic goods or import more than before.
I'm not an economist but I assume both those options are made of 100% pure WIN.
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Re: Liz Truss - an unending void of horror and pain
It will have such a positive impact on business that the FT index has dropped 2%
Re: Liz Truss - an unending void of horror and pain
Thanks for the effective cut in my state pension Liz. The currency markets aren't impressed with your 'plan'.
Time for a big fat one.
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Re: Liz Truss - an unending void of horror and pain
This is probably a silly question, but why do we need income thresholds between different levels of income tax? If we want a progressive income tax system, why not just have, say, a linear relationship between taxable income and the rate payable?
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Re: Liz Truss - an unending void of horror and pain
My guess is that the maths would break some peoples brians.wilsontown wrote: ↑Fri Sep 23, 2022 12:01 pmThis is probably a silly question, but why do we need income thresholds between different levels of income tax? If we want a progressive income tax system, why not just have, say, a linear relationship between taxable income and the rate payable?
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Re: Liz Truss - an unending void of horror and pain
Because that would involve integration and I'm not sure the Treasury have a good suite of staff with good further maths A-levelswilsontown wrote: ↑Fri Sep 23, 2022 12:01 pmThis is probably a silly question, but why do we need income thresholds between different levels of income tax? If we want a progressive income tax system, why not just have, say, a linear relationship between taxable income and the rate payable?
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