I’m sure he’ll be able to plug the gap with his ego.
Lovely so more cuts to public spending. The Tories at this point are doing damage to the country than all terrorist groups.
At this rate, UC claimants will have to pay the DWP for the privilege of being on it.
> Sir Charlie Bean, a ex-member of the independent watchdog and a former Bank of England deputy governor, said the document would probably show a large shortfall for the exchequer.
> “It will be in the order of £60bn to £70bn relative to its previous forecasts,” he said, adding that Kwarteng would face three options: further U-turns on his tax-cutting plans, deep cuts to public spending, or risking the ire of already rattled financial markets by substantially adding to the national debt.
So, the question is who gets screwed:
Tax cut U turn:
Kwasi& Truss are screwed
Public Spending Cuts:
The British people are screwed, large numbers of the old, poor and disabled die.
Annoy the financial markets:
As for Public Spending Cuts, but worse and with a generous helping of house reposessions.
Place your bets now!
Kwartengs solution is ‘growth, growth, growth’ and to duck his head in the sand no doubt.
Kwarteng and Truss probably share the same fairy tale where their actions are going lead to a 3% increase in the nation’s GDP as the money goes to the rich and some magical Innovation will happen.
Instead of the reality which is quite different…
Oh look, the Tories are taking an axe to the money tree.
Looks like the Hedge Funds have a new “Money Tree” forest !
KK will have to do a couple of lines to get over it
Lets pay £350m a month extra to service our National debt.
9 comments
I’m sure he’ll be able to plug the gap with his ego.
Lovely so more cuts to public spending. The Tories at this point are doing damage to the country than all terrorist groups.
At this rate, UC claimants will have to pay the DWP for the privilege of being on it.
> Sir Charlie Bean, a ex-member of the independent watchdog and a former Bank of England deputy governor, said the document would probably show a large shortfall for the exchequer.
> “It will be in the order of £60bn to £70bn relative to its previous forecasts,” he said, adding that Kwarteng would face three options: further U-turns on his tax-cutting plans, deep cuts to public spending, or risking the ire of already rattled financial markets by substantially adding to the national debt.
So, the question is who gets screwed:
Tax cut U turn:
Kwasi& Truss are screwed
Public Spending Cuts:
The British people are screwed, large numbers of the old, poor and disabled die.
Annoy the financial markets:
As for Public Spending Cuts, but worse and with a generous helping of house reposessions.
Place your bets now!
Kwartengs solution is ‘growth, growth, growth’ and to duck his head in the sand no doubt.
Kwarteng and Truss probably share the same fairy tale where their actions are going lead to a 3% increase in the nation’s GDP as the money goes to the rich and some magical Innovation will happen.
Instead of the reality which is quite different…
Oh look, the Tories are taking an axe to the money tree.
Looks like the Hedge Funds have a new “Money Tree” forest !
KK will have to do a couple of lines to get over it
Lets pay £350m a month extra to service our National debt.
TaKiNg BaCk CoNtRoL
The Tory Party