[Politics] Liz Truss **RESIGNS 20/10/2022**

[Thunder Bolt]

Are you suggesting that the way it is panning out is exactly how Truss planned it? Because she is a disciple of Minford?

I have looked him up. Nothing prominent about using low income tax to incentivize the 'wealth creators', in his wikipedia.

Links to Reform.....ah yes, Truss is part of that.....still nothing obvious about using low tax for the wealthy as the primary wealth creating tool. Reads like blather. Hidden agenda? Well hidden...

I still agree with [MENTION=28490]Machiavelli[/MENTION] that this was a back of the envelope job with unintended consequences.

If we are all prosperous in a year then, of course, I shall recant.

Apologies if there is an elephant in the room that I have walked under.

Allegedly shorting the pound and insider knowledge. Disaster capitalism. Small state.

 

[sparkie]

Has Truss been run out of the country for trashing our pension funds yet ?

Get Rid.

 

[sparkie]

Once it reaches $1.13 the UK economy is saved for eternity. Hope you have your champage bottle ready.

Good call, Swansman.

The UK is shagged until Truss is forced to resign.

I'm guessing Sweden is better, but you know better about that.

 

[Swansman]

Good call, Swansman.

The UK is shagged until Truss is forced to resign.

I'm guessing Sweden is better, but you know better about that.

Well we have a party in our (upcoming) government coalition where most members were literally calling themselves nazis only some 20 years ago... so "better" in the moral sense, no. But I think our politicians are generally better at running a country properly in most ways.

 

[Mr Putdown]

Well we have a party in our (upcoming) government coalition where most members were literally calling themselves nazis only some 20 years ago... so "better" in the moral sense, no. But I think our politicians are generally better at running a country properly in most ways.

Both Peter and Peder Jr asked me to pass on their regards.

 

[Javeaseagull]

Well we have a party in our (upcoming) government coalition where most members were literally calling themselves nazis only some 20 years ago... so "better" in the moral sense, no. But I think our politicians are generally better at running a country properly in most ways.

Out of interest Swannie, what’s the Old Age Pension in Sweden, please. I ask because I am always gobbing off about our OAP being the lowest in Europe but haven’t actually checked! Do you know?

 

[Bakero]

Allegedly shorting the pound and insider knowledge. Disaster capitalism. Small state.

I'm not sure how anyone could think it's an error of judgement on Kwarteng's part. Any economist worth their salt, as well as most laymen, could've called it. The warnings were there and the guy with a PHD in economic history went for it.

And it just so happens that his former boss, amongst others, made a mint. What's more, it'll create the necessary conditions to "force" the government to reduce spending. Occam's razor is pointing in one direction.

 

[vegster]

I'm not sure how anyone could think it's an error of judgement on Kwarteng's part. Any economist worth their salt, as well as most laymen, could've called it. The warnings were there and the guy with a PHD in economic history went for it.

And it just so happens that his former boss, amongst others, made a mint. What's more, it'll create the necessary conditions to "force" the government to reduce spending. Occam's razor is pointing in one direction.

What's the odds that Kwartang " retires " from politics after the next General Election but within3 years ends up in a plum City job counting paperclips ? ...oh, with a Ministerial pension to boot...

 

[A1X]

What's the odds that Kwartang " retires " from politics after the next General Election but within3 years ends up in a plum City job counting paperclips ? ...oh, with a Ministerial pension to boot...

And the odd plum gig on the after dinner circuit as a “former chancellor”

 

[vegster]

And the odd plum gig on the after dinner circuit as a “former chancellor”

I wonder if the last Chancellor has bagged himself a job yet ? The second last one seems to be lying on a sofa smoking a ****ing great cigar and looking rather smug.

 

[GT49er]

What's the odds that Kwartang " retires " from politics after the next General Election but within3 years ends up in a plum City job counting paperclips ? ...oh, with a Ministerial pension to boot...

If it's 1/20, it still mght be worth investing a couple of hundred quid on!

 

[GT49er]

I'm not sure how anyone could think it's an error of judgement on Kwarteng's part. Any economist worth their salt, as well as most laymen, could've called it. The warnings were there and the guy with a PHD in economic history went for it.

And it just so happens that his former boss, amongst others, made a mint. What's more, it'll create the necessary conditions to "force" the government to reduce spending. Occam's razor is pointing in one direction.

I wonder if thick as mince Liz (but at least she's a white woman and not an ethnic minority as far as the blue rinse brigade of the Tory members are concerned) had any clue as to what sort of shitstorm Kwarteng was going to release?

Probably already up for an award as the worst Chancellor of the Exchequer of all time. If the Tories want to send anyone off to Ruanda ...........

 

[Swansman]

Out of interest Swannie, what’s the Old Age Pension in Sweden, please. I ask because I am always gobbing off about our OAP being the lowest in Europe but haven’t actually checked! Do you know?

Not an expert and don't know how it works in England.

Most part of most peoples pensions come from working, suppose it is the same over there. Here, an employer is required to pay somewhere around 30-35% of your monthly wage in taxes. Somewhere around 16% of them go to the fund the pensions of people who retired today. 2.5% of your salary will go to the premium pension, which is your own pension. If you're below a certain limit, you will get guarantee pension, which is about £900 a month - pretty low IMO, probably better in other Scandinavian countries.

The average pensioner in Sweden gets 15500 kr (ca £1250) or something like that per month.

 

[Thunder Bolt]

I wonder if thick as mince Liz (but at least she's a white woman and not an ethnic minority as far as the blue rinse brigade of the Tory members are concerned) had any clue as to what sort of shitstorm Kwarteng was going to release?

Probably already up for an award as the worst Chancellor of the Exchequer of all time. If the Tories want to send anyone off to Ruanda ...........

She did. As I pointed out previously, they were co authors of the book Britannia Unchained in 2012, which outlines scenarios like the past week.
They are also past lovers.

 

[vegster]

Not an expert and don't know how it works in England.

Most part of most peoples pensions come from working, suppose it is the same over there. Here, an employer is required to pay somewhere around 30-35% of your monthly wage in taxes. Somewhere around 16% of them go to the fund the pensions of people who retired today. 2.5% of your salary will go to the premium pension, which is your own pension. If you're below a certain limit, you will get guarantee pension, which is about £900 a month - pretty low IMO, probably better in other Scandinavian countries.

The average pensioner in Sweden gets 15500 kr (ca £1250) or something like that per month.

That's what I'm roughly getting per month while working.

 

[Stato]

Something tells me Truss won't last long...

[tweet]1575522731101245440[/tweet]

Royal funerals, Arsenal top of the league, Never Mind The Buzzcocks & Fantasy Football League on telly and now we're getting a Labour landslide. Is it the late 90s again?

 

[golddene]

Some reading for you.

https://www.brookings.edu/wp-content/uploads/1981/06/1981b_bpea_buiter_miller_baily_branson.pdf

Well that link stood the test of time ! Safari says this server cannot be found ! Try again please as I want some of your confidence in our government and future !

 

[Swansman]

That's what I'm roughly getting per month while working.

What do you do and is it full time? Would be very low for anyone working here, There are no minimum wages and 90% of all workers in both private and public companies in Sweden are in collective agreements, negotiated between employers (or their representers) and unions, deciding work hors, wages etc. The unions are very strong and keep salaries up.

 

[GT49er]

She did. As I pointed out previously, they were co authors of the book Britannia Unchained in 2012, which outlines scenarios like the past week.

Yeh? Oh well, total shit from all sides then.

They are also past lovers.

Yes, I understand that's quite likely!

 

[drew]

Well that link stood the test of time ! Safari says this server cannot be found ! Try again please as I want some of your confidence in our government and future !

Works on chrome.