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@pakman said in British Politics:
@TeWaio said in British Politics:
@MajorRage exactly. He as chancellor took the tax burden to the highest % of gdp in 70yrs, then ran for the leadership saying cutting tax was irresponsible. The membership quite rightly told him to get in the bin.
Is frustrating as he's clearly a more smart/capable human than Truss, just shit tactics/direction. Kind of like the ABs under Foster..
Raising taxes coming into a recession isn't a good look.
Sinai didn’t advocate for raising taxes now though. He just didn’t want to lower them.
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@pakman said in British Politics:
@TeWaio said in British Politics:
@MajorRage exactly. He as chancellor took the tax burden to the highest % of gdp in 70yrs, then ran for the leadership saying cutting tax was irresponsible. The membership quite rightly told him to get in the bin.
Is frustrating as he's clearly a more smart/capable human than Truss, just shit tactics/direction. Kind of like the ABs under Foster..
Raising taxes coming into a recession isn't a good look.
I guess the elephant in the room is the budget deficit and borrowing levels and how to keep them at reasonable levels.
Thatcher/Howe raised taxes in a recession in '81 to keep government borrowing under control. Hugely controversial at the time (and resulted in 384 eminent economists writing a letter to the papers predicting the budget would destroy the economy), but the opposite happened and is/was seen as a turning point on the economy.
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@JC said in British Politics:
@pakman said in British Politics:
@TeWaio said in British Politics:
@MajorRage exactly. He as chancellor took the tax burden to the highest % of gdp in 70yrs, then ran for the leadership saying cutting tax was irresponsible. The membership quite rightly told him to get in the bin.
Is frustrating as he's clearly a more smart/capable human than Truss, just shit tactics/direction. Kind of like the ABs under Foster..
Raising taxes coming into a recession isn't a good look.
Sinai didn’t advocate for raising taxes now though. He just didn’t want to lower them.
Yes but he had just raised them in the previous budget
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@TeWaio said in British Politics:
@JC said in British Politics:
@pakman said in British Politics:
@TeWaio said in British Politics:
@MajorRage exactly. He as chancellor took the tax burden to the highest % of gdp in 70yrs, then ran for the leadership saying cutting tax was irresponsible. The membership quite rightly told him to get in the bin.
Is frustrating as he's clearly a more smart/capable human than Truss, just shit tactics/direction. Kind of like the ABs under Foster..
Raising taxes coming into a recession isn't a good look.
Sinai didn’t advocate for raising taxes now though. He just didn’t want to lower them.
Yes but he had just raised them in the previous budget
I get that. But in the leadership contest he wasn’t arguing for lifting taxes again, he was arguing for not lowering them.
Anyway, so now we get to see if Truss is a Keynesian or a monetarist. Or indeed (as I suspect) more of a press-and-guesser
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@Victor-Meldrew Not sure the parallels are that close, but irony is quite a lot of this is caused as much by mistiming in energy market as it is by the gas price.
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@JC said in British Politics:
@TeWaio said in British Politics:
@JC said in British Politics:
@pakman said in British Politics:
@TeWaio said in British Politics:
@MajorRage exactly. He as chancellor took the tax burden to the highest % of gdp in 70yrs, then ran for the leadership saying cutting tax was irresponsible. The membership quite rightly told him to get in the bin.
Is frustrating as he's clearly a more smart/capable human than Truss, just shit tactics/direction. Kind of like the ABs under Foster..
Raising taxes coming into a recession isn't a good look.
Sinai didn’t advocate for raising taxes now though. He just didn’t want to lower them.
Yes but he had just raised them in the previous budget
I get that. But in the leadership contest he wasn’t arguing for lifting taxes again, he was arguing for not lowering them.
Anyway, so now we get to see if Truss is a Keynesian or a monetarist. Or indeed (as I suspect) more of a press-and-guesser
In the short term it’s just a question of relief via tax, which is blunt and somewhat wasteful, or direct help to those who are most squeezed. The mechanism for delivery of the second is not clear.
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Tell us how you really feel
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@MiketheSnow said in British Politics:
Tell us how you really feel
Hopefully we can say that same at Zarah after the next election.
If she has her way, this country would be in an even bigger hole that it is now.
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Do as I do not as I say. Oh, wait, what?
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I am by no means a Truss supporter, but she made it look like it was Starmer's first day today not her own.
As each day passes I don't believe that Labour will win the next election with Starmer at the helm.
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@pakman said in British Politics:
@MiketheSnow said in British Politics:
I don't like yours.
The left or the right?
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@MiketheSnow said in British Politics:
@pakman said in British Politics:
@MiketheSnow said in British Politics:
I don't like yours.
The left or the right?
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@MiketheSnow said in British Politics:
I'm not a clothing expert but I suspect there is quite a bit of structural support going on already...
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@MiketheSnow said in British Politics:
I am by no means a Truss supporter, but she made it look like it was Starmer's first day today not her own.
As each day passes I don't believe that Labour will win the next election with Starmer at the helm.
There was much talk about Beavers?!
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@nostrildamus said in British Politics:
@MiketheSnow said in British Politics:
I'm not a clothing expert but I suspect there is quite a bit of structural support going on already...
But we’re looking at some structural failure on her left side methinks
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@Catogrande said in British Politics:
@nostrildamus said in British Politics:
@MiketheSnow said in British Politics:
I'm not a clothing expert but I suspect there is quite a bit of structural support going on already...
But we’re looking at some structural failure on her left side methinks
maybe, or maybe she uses the momentum of the perky one to steer (based on my knowledge of large loaded Norwegian fishing boats...)
British Politics