How to induce a recession by offering tax cuts to pork markets – A Liz Truss guide.
The mismatch between inflation and interest is part of the problem we have right now.
It can’t be right that RPI is nearly 12% yet BOE interest rate is only 1.25%
We really need to stop listening to all these so called experts. It’s time to get the belief up and running! Interest rates aren’t high if you believe they aren’t high!
>He wants to reverse the EU’s “highly risk averse approach” and shift to a system where instead of banning things in case they cause harm, people are compensated afterwards if they do.
Brilliant
It feels like Liz wants the UK to spend it’s way out of trouble. but even with the tax cuts she is promising it won’t work. At least the NI rise that Rishi brought in is going to the NHS, but what happens when Liz cancels that rise?
Thing is, i don’t disagree that interest rates could stsnd to be higher but i don’t think provoking the bank into it by stoking an inflation crisis is the right way to go.
The likely impact of Truss’ plans will be job losses, house price crash, more inflation and lots more government borrowing just in time for the back end of 2024. It’s a kamikaze approach that looks set to guarantee a Labour government in 2025 onwards but only after we’ve hit rock bottom and it’s all demonstrably the Tories’ problem.
The only thing that makes sense here is if whoever’s pulling her strings is simply telling her to reverse the reversal on corporation tax whatever the cost.
Let’s face it, the pound sterling is dead. All other fiat currencies including the dollar will eventually fail in the current system. Why save a grand in your bank when it’ll only be worth £900 a year later.
Time to move to a Bitcoin standard, replace USD as the worlds reserve currency and make a fairer monetary system for all that can’t be manipulated, endlessly printed or inflated away by corrupt politicians.
I think importing too much foreign cheese is a more pressing matter
> The Tory leadership hopeful’s plans to undo hikes to national insurance (NI) and corporation tax would increase interest rates, Professor Patrick Minford said – who insisted that this would be “a good thing”.
This would be the same Patrick Minford who was the only economist in the world predicting Brexit would be profitable?
This winter she’ll be in Beijing, opening pork markets!
Splendid jobs. BTL landlord is still unaffected because all cost will be transferred to the already very exploited rent payer. Oh, right all tories are landlord themselves.
Cancel national insurance increase & reduce VAT
I would rather have 7% interest rates then inflation
What I want to know is whether either Truss or Sunak were involved in the parties during lockdown. If so, their hands are just as dirty as Johnson’s. Can they really be trusted with the country?
If Liz Truss becomes the leader expect UK to be bankrupt in 3 years. She will borrow to fund the Tax cuts and inflation will spiral out of control. That is what Nicolas Maduro from Venuzuela did and the Rajapaksas from Sri Lanka did, look where they are today…The number one thing for the next leader to tackle is inflation. What is the point of getting extra 100 pounds through tax cuts, if 150 pounds will be eaten by inflation.
With inflation heading to 11% interest rates should already be at 7% obviously 🙄
Everyone should be borrowing and investing . The real interest rate is -10%. Your a fool not to borrow and invest. The last 10 years have rewards people who have done this massively. Why go to work when all you need to do Is borrow and buy houses or stocks?
Don’t interest rates need to be above inflation to have any effect? Anyone saving at 7% is still losing money.
17 comments
How to induce a recession by offering tax cuts to pork markets – A Liz Truss guide.
The mismatch between inflation and interest is part of the problem we have right now.
It can’t be right that RPI is nearly 12% yet BOE interest rate is only 1.25%
We really need to stop listening to all these so called experts. It’s time to get the belief up and running! Interest rates aren’t high if you believe they aren’t high!
>He wants to reverse the EU’s “highly risk averse approach” and shift to a system where instead of banning things in case they cause harm, people are compensated afterwards if they do.
Brilliant
It feels like Liz wants the UK to spend it’s way out of trouble. but even with the tax cuts she is promising it won’t work. At least the NI rise that Rishi brought in is going to the NHS, but what happens when Liz cancels that rise?
Thing is, i don’t disagree that interest rates could stsnd to be higher but i don’t think provoking the bank into it by stoking an inflation crisis is the right way to go.
The likely impact of Truss’ plans will be job losses, house price crash, more inflation and lots more government borrowing just in time for the back end of 2024. It’s a kamikaze approach that looks set to guarantee a Labour government in 2025 onwards but only after we’ve hit rock bottom and it’s all demonstrably the Tories’ problem.
The only thing that makes sense here is if whoever’s pulling her strings is simply telling her to reverse the reversal on corporation tax whatever the cost.
Let’s face it, the pound sterling is dead. All other fiat currencies including the dollar will eventually fail in the current system. Why save a grand in your bank when it’ll only be worth £900 a year later.
Time to move to a Bitcoin standard, replace USD as the worlds reserve currency and make a fairer monetary system for all that can’t be manipulated, endlessly printed or inflated away by corrupt politicians.
I think importing too much foreign cheese is a more pressing matter
> The Tory leadership hopeful’s plans to undo hikes to national insurance (NI) and corporation tax would increase interest rates, Professor Patrick Minford said – who insisted that this would be “a good thing”.
This would be the same Patrick Minford who was the only economist in the world predicting Brexit would be profitable?
This winter she’ll be in Beijing, opening pork markets!
Splendid jobs. BTL landlord is still unaffected because all cost will be transferred to the already very exploited rent payer. Oh, right all tories are landlord themselves.
Cancel national insurance increase & reduce VAT
I would rather have 7% interest rates then inflation
What I want to know is whether either Truss or Sunak were involved in the parties during lockdown. If so, their hands are just as dirty as Johnson’s. Can they really be trusted with the country?
If Liz Truss becomes the leader expect UK to be bankrupt in 3 years. She will borrow to fund the Tax cuts and inflation will spiral out of control. That is what Nicolas Maduro from Venuzuela did and the Rajapaksas from Sri Lanka did, look where they are today…The number one thing for the next leader to tackle is inflation. What is the point of getting extra 100 pounds through tax cuts, if 150 pounds will be eaten by inflation.
With inflation heading to 11% interest rates should already be at 7% obviously 🙄
Everyone should be borrowing and investing . The real interest rate is -10%. Your a fool not to borrow and invest. The last 10 years have rewards people who have done this massively. Why go to work when all you need to do Is borrow and buy houses or stocks?
Don’t interest rates need to be above inflation to have any effect? Anyone saving at 7% is still losing money.