Jesus lads, 'tis looking like BREXIT!

How bad boy

Full Member
If this was France there would be riots on the streets and rightly so.

Politicians would be too scared to even suggest protecting bankers' bonuses and a weak excuse of trickle-down economics.

This is Britain where they doff their cap to their betters while respectfully queuing for days to see their departed monarch and just grin and bear it and anyway, they are all emotionally drained after a state funeral costing millions while the only queue that matters is the real despair in the queue for the food banks.
It cost a hell of a lot more than £8M.

There must be a breaking point soon. Truss's tax cuts are insane. Her energy policies are nice n all but they're helping the richest more than the poorest and saddling future generations with the bills. The needless delay in implementation has already pushed many businesses to the wall.

They're now talking about a stamp duty cut. Of all the moronic moves you could make, that has to be up there with raising the inheritance tax threshold to the point where it raises fuck all. To be fair to Truss, they did that a long time ago.

Debt interest payments are still manageable but that's in a world of still pretty low interest rates. The UK is fairly vulnerable to a bond market crisis now.
 
It cost a hell of a lot more than £8M.

There must be a breaking point soon. Truss's tax cuts are insane. Her energy policies are nice n all but they're helping the richest more than the poorest and saddling future generations with the bills. The needless delay in implementation has already pushed many businesses to the wall.

They're now talking about a stamp duty cut. Of all the moronic moves you could make, that has to be up there with raising the inheritance tax threshold to the point where it raises fuck all. To be fair to Truss, they did that a long time ago.

Debt interest payments are still manageable but that's in a world of still pretty low interest rates. The UK is fairly vulnerable to a bond market crisis now.
This is Reagans model from the 1980's of trickle-down economics and even if they are wrong (they are) their rich friends will benefit anyway and it is all a sop to the Tory party members as Truss does not even have enough support in her parliamentary party never mind the actual electorate for any of this.

Highly likely to have a bond market and sterling crisis this year.
1663834824312.png
 
Last edited:

How bad boy

Full Member
This is Reagans model from the 1980's of trickle-down economics and even if they are wrong (they are) their rich friends will benefit anyway and it is all a sop to the Tory party members as Truss does not even have enough support in her parliamentary party never mind the actual electorate for any of this.

Highly likely to have a bond market and sterling crisis this year.
View attachment 15218
Trickle down economics works, just badly and inefficiently.

Fundamentally the marginal propensity to save of rich people is much higher than that of poor people, so the fiscal multiplier effect on GDP is much lower.
 
Trickle down economics works, just badly and inefficiently.

Fundamentally the marginal propensity to save of rich people is much higher than that of poor people, so the fiscal multiplier effect on GDP is much lower.

This kind of stuff feeds revolutions historically.

"For the few and not the many" is the Tory mantra in clear sight now as they (Team Truss) are not even trying to pretend.
 

How bad boy

Full Member
This kind of stuff feeds revolutions historically.

"For the few and not the many" is the Tory mantra in clear sight now as they (Team Truss) are not even trying to pretend.
They must understand just how much they're setting themselves up for an unmerciful thumping at the next election, right?

For the lolz, I checked voting intentions polling now vs 3 years ago:
3 years ago, certain intention to vote*:
Remain - 72%, Leave - 67%
Tory 80%, Labour 74%, Lib Dem 79%

Today, same question:
Remain - 71%, Leave - 60%
Tory 69%, Labour 76%, Lib Dem 61%

It points to the Tories (and, to be fair, Lib Dems) having big problems even getting the voters who still support them to actually turn up to vote.





*Giving a 10 on the following question:
On a scale of 0 (certain NOT to vote) to 10 (absolutely certain to vote), how likely would you be to vote in a general election tomorrow?
 
They must understand just how much they're setting themselves up for an unmerciful thumping at the next election, right?

For the lolz, I checked voting intentions polling now vs 3 years ago:
3 years ago, certain intention to vote*:
Remain - 72%, Leave - 67%
Tory 80%, Labour 74%, Lib Dem 79%

Today, same question:
Remain - 71%, Leave - 60%
Tory 69%, Labour 76%, Lib Dem 61%

It points to the Tories (and, to be fair, Lib Dems) having big problems even getting the voters who still support them to actually turn up to vote.





*Giving a 10 on the following question:
On a scale of 0 (certain NOT to vote) to 10 (absolutely certain to vote), how likely would you be to vote in a general election tomorrow?


A post 2016 younger outward looking demographic and a decline in the WW2 armed forces loving Tory Express/Telegraph reading generation is also going to be a huge issue for the Tories as well as the "Why is Brexit so rubbish" backsplash.

12 years in power and they are not even trying anymore.
 
This is Reagans model from the 1980's of trickle-down economics and even if they are wrong (they are) their rich friends will benefit anyway and it is all a sop to the Tory party members as Truss does not even have enough support in her parliamentary party never mind the actual electorate for any of this.

Highly likely to have a bond market and sterling crisis this year.
View attachment 15218
Nicely explained.
 

EVENT GUIDE - HIGHLIGHT
Valentine's Day Comedy At The Coco Comedy Club
The Roundy, Castle St.

14th Feb 2023 @ 6:00 pm
More info..

Fitzies Magical Flute

Old Oak, Today @ 10pm

View more events ▼
Top