Liz Truss backs down on 45p tax rate cut in humiliating U-turn

"In a controversial week for the Conservative party featuring the release of the 'mini-budget', new Prime Minister Liz Truss has seen her exit date odds for 2022 slashed
Who are they going to replace her with?
They have scraped the barrel clean.
Maybe the party will let her bumble on rather than risk an election.
 
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What's the difference between a white slave and a black (or green, yellow, purple, blue, etc) slave?
There is no difference.
My reply was about the possible origin of the term "Scot free".
 
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Maybe the party will let her bumble on rather than risk an election.
All state no election. 1.8years? to run.
:ROFLMAO: Next U turn. I doubt it unless acts get voted down due to lack of support from their side of the house.

The general opinion seems to be the pols suggest they would be wiped out.

Next Apr it seems there is a chance that they may upset ~22m people via spending cuts - increases being lower than they should be. Hope I remember the number correctly but it is a lot. An interesting figure concerning the real state of the nation and where support ought to be going rather than spreading some of it all over the place.

This morning on the BBC Radio 4 Today show the chancellor Kwasi Kwarteng suggested that there will be real terms public spending cuts, with government sticking to spending allocations made before inflation rose so steeply.

Any attempt to reverse the tax cuts announced in the mini-budget appears to have been ruled out. The reduction in national insurance payments, the 1p cut in income tax, freezing corporation tax at 19% and even the abolition of the 45p top rate of income tax, benefiting those earning more than £150,000, will all stay. And failed policies of the past, billed as “supply-side reforms” that Kwarteng says will deregulate the markets and create a vibrant business sector, will remain.
Investment zones, offering discounted rents and five years of business rates exemption, are also among the many empty economic wells that the chancellor seems convinced still hold a fortifying elixir. They are not a new idea: similar schemes were devised during the Margaret Thatcher and John Major governments, and most recently under the chancellorship of George Osborne. In 2011, Osborne created 24 such zones around the country.
 
Anti growth coalition = Conservative party.

12 years of stagnation and the Conservatives are still trying to sell jam tomorrow…..are people really that thick.
 
The Tories had 4 to 5 million Brexit voters last time on their side. They are now homeless along with millions of others.
Guesstimation of the turnout for the next election? I'd put it slightly above a bye election turnout.
 
Odious has made another fortune.

Odious has just been outed by the FT after many years of disgusting behaviour.

After a long and thorough investigation they have a good supply of witnesses and complainants.

Huge wealth and power have protected him until now.
 

"FCA investigates Odey Asset Management"​



"Morgan Stanley moves to sever relationship with hedge fund manager following FT investigation"
 
"The FT investigation revealed that the firm’s executive committee attempted to discipline Odey in December 2021 for breaking a “final written warning” prohibiting him from behaving inappropriately with female staff. Instead, Odey fired the committee."
 
How's this news going down in the financial forums you post on? Next time you’re on the financial forums, ask them what boiler they'd recommend for a 1960's 3 bed semi.
 
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