Ladies and gentlemen I give you …brexit!I think what we are seeing is what has been and what will come - ie a lack of clarity and leadership - there is no doubt Johnson is unable to make a decision so he dithers but ultimately dances to a different pipes tune - Truss or Sunak will do the same - they will be easily manipulated or controlled by others around them
OUT. OF. TOUCH. Surprising for a man who was once unemployed for a year and struggled along with his wealthy wife whilst living rent free on his millionaire father in laws estate in a lodge......
Sunak kept back £50 billion as a ‘just in case’ policy. Just wondering where that’s gone, as well as all the other extra tax received from higher, extortionate prices?It's economic nonsense that IDS and Truss are spouting, that tax cuts will mean more spending to stave off recession. Not all the extra money from tax cuts will get spent, a lot will be used as personal investments, whereas every penny given to the poor will be spent in the economy.
Financially yes, but we must never be the special kind of moral bankrupts that these are.They have really bankrupt us, haven’t they.
Any tax cut will be dwarfed by the increase in energy costs. No one is going to feel better off and go out and spend more to stave off a recession. Not a fucking chance.It's economic nonsense that IDS and Truss are spouting, that tax cuts will mean more spending to stave off recession. Not all the extra money from tax cuts will get spent, a lot will be used as personal investments, whereas every penny given to the poor will be spent in the economy.
I was thinking of the general principle of applying Reagonomics in these circumstances. The rich spend tax cuts on holidays abroad or on luxury goods made abroad, or save the money, while 100% of any money given to the poor is spent in the UK economy; which is better for avoiding recession?Any tax cut will be dwarfed by the increase in energy costs. No one is going to feel better off and go out and spend more to stave off a recession. Not a fucking chance.
That's a fair point. Anyone who used to save a small amount every month will be spending it on energy along with what they've cut back on to afford their bills. Anyone who can afford it will simply be spending more on energy and saving less. The net effect is a larger spend by the population - a lot more on energy and a bit less on everything else, so even if this does avoid a technical recession (which I suspect it won't) it will certainly feel like one.I was thinking of the general principle of applying Reagonomics in these circumstances. The rich spend tax cuts on holidays abroad or on luxury goods made abroad, or save the money, while 100% of any money given to the poor is spent in the UK economy; which is better for avoiding recession?
Actually, I'm not sure how we can possibly go into recession, if money that might have gone into savings goes instead to paying energy bills. Don't energy bills count towards GDP?