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

[Baldseagull]

The UK government doesnt have to "borrow" anything to pay for public services as it is the issuer of the pound. Taxes are there to ensure a demand for the currency and amongst other things, depending on the political flavour of the government, ensure equity, and to promote other desirible behaviour - e.g. tax on cigarettes and alcohol. Taxes are not required for funding public expenditure.

This is Bollocks.

 

[rogersix]

How much more should we borrow/tax to cover bills of others?

windfall tax, pay that to the suppliers so that everyones bill is the same as last winter

 

[rogersix]

I agree we shouldn’t have.

But then people moan taxes are too high.

But how much is the 45p drop worth? Doesn’t touch the sides

Certainly not the billions we are paying out for the energy bills.

£2B, look after the pennies!

 

[The Clamp]

This is Bollocks.

This reply has really made me chuckle. Not at the other poster, just at the succinctness of it

 

[BenGarfield]

This is Bollocks.

Oh why? Can you elaborate - because there are many eminent economists and finance professionals who would agree with my analysis and would really like to learn from you as to why they are so fundamentaly mistaken.

 

[Harry Wilson's tackle]

You mean people claiming you don't know when your own school went comprehensive



That sort of thing

No, not really



(It was after I'd left so I don't really give a monkeys. Blatchington Mill, my arse.)

 

[beorhthelm]

windfall tax, pay that to the suppliers so that everyones bill is the same as last winter

ok, covered £8bn. now, what about the other 52bn?

 

[Guinness Boy]

Trade Minister Conor Burns loses the whip "pending an investigation into allegation of inappropriate behaviour"

https://www.bbc.co.uk/news/uk-politics-63177669

 

[Bodian]

This thread is much wider than Truss. I much preferred the thread title of 'Tory Meltdown' which we had for Johnson....

 

[nwgull]

Trade Minister Conor Burns loses the whip "pending an investigation into allegation of inappropriate behaviour"

https://www.bbc.co.uk/news/uk-politics-63177669

Never quite understood what losing the whip means and why it disadvantages the MP in question. Anyone?

 

[Guinness Boy]

Never quite understood what losing the whip means and why it disadvantages the MP in question. Anyone?

It means you're expelled from the party, I believe. Thus cannot stand as a Tory again unless you regain it.

 

[Eric the meek]

Oh why? Can you elaborate - because there are many eminent economists and finance professionals who would agree with my analysis and would really like to learn from you as to why they are so fundamentaly mistaken.

Which eminent economists and finance professionals would they be then? Name, role, institution?

How did you find out they would like to learn from [MENTION=23343]Baldseagull[/MENTION] why they are so mistaken, in the 25 minutes since his reply to you? Have you got them all on speed dial?

 

[sparkie]

For as long as we remain out of the single market our economy will continue to shrink. There is a reason sensible people didn’t wish to leave.

The trouble is that the Anti-Growth Coalition of the Tory ERG took us out of the SM, and holed growth below the waterline.

 

[monty uk]

No, not really



(It was after I'd left so I don't really give a monkeys. Blatchington Mill, my arse.)

And the squash courts were changed into a dance studio. FFS.

 

[Bakero]

Which eminent economists and finance professionals would they be then? Name, role, institution?

How did you find out they would like to learn from [MENTION=23343]Baldseagull[/MENTION] why they are so mistaken, in the 25 minutes since his reply to you? Have you got them all on speed dial?

Google Modern Monetary Theory.

 

[Motogull]

Mate of mine owns a small cafe/deli here in our village. His electric company have told them their new rates are as follows Cost per unit - up from 20p to £1.13 / Standing Charge - up from 78p per day to £4. On their average use that is an increase of £1650 a month. He is now seriously considering closing the doors. Thousands of SME's all over the country are being faced with this. That is Truss's growth plan in action right there.

That's really sad. My heart goes out to people in that position. High streets are suffering as it is.

 

[The Clamp]

This will kill off so many small businesses and boost the revenue of chains, Ocado, Amazon etc.

That’s the growth Tory’s want to see.

 

[A1X]

This seems…an odd fight to pick…

[tweet]1578456156778872832[/tweet]

 

[Hugo Rune]

This seems…an odd fight to pick…

[tweet]1578456156778872832[/tweet]

It’s obviously a premeditated U-Turn to suggest that they are still ‘listening’ and that they ‘get-it’.

 

[Baldseagull]

Oh why? Can you elaborate - because there are many eminent economists and finance professionals who would agree with my analysis and would really like to learn from you as to why they are so fundamentaly mistaken.

Just look up Gilts. Then look up National debt, and Budget defecit and if you really want to humiliate go and ask an eminent economist.