Tax cuts for the rich, hurrah!

[wellyfish]

Digital currency during WW2?
You got to be having a larf'!
Why didn't Germany think of that and just print a lot more UK counterfeit currency, digitally?
Why didn't Germany just "mark up accounts of recipients, digitally"?
No-one would have been able to discern real from counterfeit.

Why did the UK withdraw all B&W notes above £5?
Why did they change the colour of 10/ and £1 notes?


I guess you're stumped for an answer.

If you read carefully you will see my answer to the WWII stuff was prefixed with, guess what, yes ... WWII

But hey, feel free to conflate anything that doesn't suit your own warped narrative.

Stumped for an answer? Yes, of course.

Away with you, you troll!

 

[Pat ex]

If you read carefully you will see my answer to the WWII stuff was prefixed with, guess what, yes ... WWII

But hey, feel free to conflate anything that doesn't suit your own warped narrative.

Stumped for an answer? Yes, of course.

Away with you, you troll!

Wallyfish's definition of a troll: someone who asks questions he can't answer.

 

[wellyfish]

Has the latest tax giveway been authorised by parliament?

Last I knew MP's were on holiday and the 'trussed up one' was hiding in a (borrowed fridge?) for the best part of a week...

You don't seem to understand how the executive works. If something the PM (or any other minister) wants to do requires a change in legislation then yes, of course, it will be laid before parliament.

 

[ellal]

You don't seem to understand how the executive works. If something the PM (or any other minister) wants to do requires a change in legislation then yes, of course, it will be laid before parliament.

Ah, so it's now 'laid before parliament', not 'authorised by parliament'?

Of course as you may (or may not be) aware that parliament is having a holiday due to the conference season...

And executive decision?

Are you telling us that we no longer live under a parliamentary democracy?

 

[wellyfish]

Ah, so it's now 'laid before parliament', not 'authorised by parliament'?

Of course as you may (or may not be) aware that parliament is having a holiday due to the conference season...

And executive decision?

Are you telling us that we no longer live under a parliamentary democracy?

JFC, this is painful. WTF are you ranting about?

You really seem to think that as soon as the PM (or whoever else) says something it immediately becomes law. JFC.

How can parliament authorise anything if it's not laid before it?
Who, but the executive (that's government for those who don't understand what the executive is) can put legislation in front if parliament?

You really should take some time to research how the money and parliamentary system(s) work in your country. Your ignorance of the country you live in is staggering.

 

[ajohn]

holiday due to the conference season...

Not sure when the Tory party one is but it may be interesting. Cheers for the lady grenade who is blowing up the UK.

Grenade is a word that has been used to describe her.

 

[ajohn]

Ah, so it's now 'laid before parliament', not 'authorised by parliament'?

The lords may figure as well.

 

[JohnD]

Debt/GDP is a completely meaningless figure.

That opinion is not universally shared.

 

[gant]

Not sure when the Tory party one is but it may be interesting. Cheers for the lady grenade who is blowing up the UK.

Grenade is a word that has been used to describe her.

She's a globalist, so has a stack of em to drop before she gets the shepherds crook.

 

[wellyfish]

That opinion is not universally shared.

Not many opinions are universally shared, are they?
Would you agree, in terms of UK, it's a meaningless figure?

 

[carmanmemoranda]

Not many opinions are universally shared, are they?
Would you agree, in terms of UK, it's a meaningless figure?

Debt is meaningless if we can just borrow for ever.

 

[wellyfish]

Debt is meaningless if we can just borrow for ever.

We were talking about debt/GDP figure but, anyway ..

The only 'meaning' you can attach to govt debt is: what was it used for?

Borrow for ever? You already know the UK govt never needs to borrow it's own currency and all it's spending is direct money creation via BoE which credits recipients and debits govt. No dramas.

 

[ajohn]

Would you agree, in terms of UK, it's a meaningless figure?

No. Also when a trade ballance is negative it's variation in terms of % of gdp are important. That's why the World Bank keeps figures.

Going back to the title of the thread Truss's main problem is ideological tax cuts funded by debt. The IMF is bound to not like that. It's totally contrary to their beliefs.

Shares prices getting shaky in some areas now. Also increased gov costs when things get adjusted next Apr. Maybe forget about inflation related increases. Using wage gains instead reduces the increase by ~50%.18m people and it says something about average wages. Income support - work more hours seems to be an idea. Recessions always push unemployment up. Some companies run very tightly in that area.

Mortgage rates may wipe out all of the subsidy. Some Tory think something must be done about that. Gov control of the BofE is unlikely to do a lot for our reputation. Truss reckons she doesn't care what the treasury thinks either.

A phoenix always rises from the ashes.

 

[carmanmemoranda]

We were talking about debt/GDP figure but, anyway ..

The only 'meaning' you can attach to govt debt is: what was it used for?

Borrow for ever? You already know the UK govt never needs to borrow it's own currency and all it's spending is direct money creation via BoE which credits recipients and debits govt. No dramas.

Lets just create more then.

Spend our way out of trouble. Erm, what trouble, if debt ( I mean new money) is the issue.

 

[wellyfish]

Lets just create more then.

Spend our way out of trouble. Erm, what trouble, if debt ( I mean new money) is the issue.

As you now know, they create more every single day.

What makes you think debt is 'the issue', what debt are you referring to?