Tory mini-budget lies debunked: don’t let them fool you
Gaslighting: Liz Truss and Kwasi Kwarteng (and the rest of their government) are trying to feed you a lot of misleading lines about their policies. Don’t let them.
After crashing the UK economy with their ‘dumb and dumber’ mini-budget/’fiscal event’, Liz Truss, Kwasi Kwarteng and their Conservative government chums are trying to gaslight you into thinking the consequences are not their fault.
Don’t believe a word of it.
Let’s have a look at some of their claims:
First among them must be this nonsense that the mini-budget was economically sound. Here’s one very obvious indicator that it wasn’t:
Mel Stride -Tory Chair of Finance Select Committee #r4today confirms the OBR had produced forecasts based on KK's Fiscal Event, but KK had not released the info – because it didn't look good.
Our Chancellor & his PM sidekick obviously believe they can operate beneath the radar.— Clare Hepworth OBE (@Hepworthclare) September 30, 2022
On her round of radio interviews yesterday (September 29), Liz Truss tried to tell us all that she has capped energy bills at £2,500 per year – indicating that she doesn’t understand her own policy:
For the avoidance of any doubt, *there is no £2,500 cap on energy bills*. 2/
— Alan Whitehead (@alanwhiteheadmp) September 29, 2022
But this obviously means that many households will also be both above (and in some cases below) this average amount 4/
— Alan Whitehead (@alanwhiteheadmp) September 29, 2022
Pensioners and low-income households across the country will have heard her say this (she said it 4 or 5 times before adding the caveat that it was for average household use) and will think they can keep their heating on all winter and be protected by the £2,500 cap 6/
— Alan Whitehead (@alanwhiteheadmp) September 29, 2022
The key thing to remember is that – even with the government intervention – prices are still 4x higher for gas and 3x higher for electricity than they were 18 months ago. Households will feel the pain of that, particularly when the cost of living is increasing so dramatically 8/
— Alan Whitehead (@alanwhiteheadmp) September 29, 2022
Please share this thread with anybody you think would benefit from the clarification that the energy price cap is not in fact… a cap… Also remember to take a meter reading and submit it to your energy supplier today or tomorrow to make sure your account is up to date! 🧵ENDS
— Alan Whitehead (@alanwhiteheadmp) September 29, 2022
The Treasury is trying to tell us changes to stamp duty mean a saving of £11,250 for first-time buyers – but the mortgage would cost people who earn £30,000 a total of £38,000 per year:
I really don't think you've thought this through
1. A stamp duty saving of £11,250 indicates a purchase price of £600k
2. You're talking about someone on a salary of £30,000
3. A 25-year mortgage of £600k @ 4% interest would cost £3167 per month, so £38,000 per year
— Nick Payne 💙 🌈 ⚽ 🍷 🐕 📷 🏉 🥃 📚 🏏 🦥 (@N1ckPayne) September 29, 2022
How about the claim that cutting taxes is fair because it helps everybody?
Absolute bollocks! How did the Treasury Secretary get away with this?
Watch in disbelief pic.twitter.com/LbQbIMr8Gc
— Peter Stefanovic (@PeterStefanovi2) September 29, 2022
And what is the government’s response to complaints? Here’s Ernst Stavro Blofeld- er, Andrew Griffith, and Peter Stefanovic’s response to him:
The Government just told workers struggling to put food on the table and heat their homes they should know their place
Well absolute bollocks to that! pic.twitter.com/ZoqtV2hEkX
— Peter Stefanovic (@PeterStefanovi2) September 30, 2022
Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.
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