Tag Archives: fiscal

This video shows everything that’s wrong with Tory money policies

The clip in the tweet below was made for an election – but it doesn’t matter which, because it is just as relevant now.

It’s an attack on “trickle-down” politics that demonstrates the difference between putting money into the economy where it is needed, and draining it out by giving it to the already-rich who will do nothing with it.

The “trickle-down” argument has long since been demolished but the Tories haven’t changed their policy; they just changed the argument so it now relies on dubious morality.

But if you spread this video around a bit, fewer people will be fooled.


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Government claims mini-budget didn’t cause crash are denied as b*ll*cks

Jacob Rees-Mogg, making a gesture that well defines him.

What a moment on Channel 4 News when Gillian Tett of the Financial Times verbally laid into Jacob Rees-Mogg!

He has been trying to blame the UK’s current economic woes on anything but the government’s mini-budget/”fiscal event”.

Maybe he thought he was winning us over…

And then Ms Tett turned up and said it was “bollocks”:

Peter Stefanovic of the CWU has been describing government rhetoric as “bollocks” for a long time now.

I wonder if he’s delighted that his description is catching on.

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Nadhim Zahawi apologises for chaos after Tory fiscal event

It took him a while but he got to it in the end.

Nadhim Zahawi, challenged to apologise for the economic chaos his Conservative colleagues Kwasi Kwarteng and Liz Truss caused with their cack-handed ‘fiscal event’, tried everything he could to avoid saying a simple word: “Sorry.”

He failed.

He tried to say that prime minister Liz Truss had retracted her plan to end the top, 45p, tax rate.

He tried to say – to hilarity from the BBC Question Time audience – that Vladimir Putin would benefit from the UK being divided (as if that was any kind of moral reason to support a wrong decision by his bosses).

But in the end, he had to accept the inevitable:

It isn’t an apology from Truss or Kwarteng.

But is that yet to come?

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Now the Tories are blaming the results of their nightmare mini-budget on the social media

Watch this:

So there you have it: it’s all the fault of the social media.

I’m glad we’ve cleared that up.

Of course, he doesn’t mean mass-market sites like Facebook, Twitter, Instagram, TikTok or whatever, so they won’t be getting taxed properly, even now – he means sites like Vox Political, with our tiny (in comparison) audiences.

I never knew we were so influential.

Or do you think – is there a teeny, tiny, ever-so-slight, possibility that he might be mistaken?

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Truss and Kwarteng can’t manage the economy – so shouldn’t they just go?

It’s a tried and proven maxim that if a government can’t manage its national economy, it will lose elections.

After Kwasi Kwarteng’s “fiscal event” last Friday, the UK economy tanked. The Pound has now hit its lowest-ever level against the Dollar.

It seems likely Liz Truss will lose the next election because of these choices. And letters may have started trickling in to the 1922 Committee already.

Is her time up already? Watch:

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More ridicule as Jonathan Pie lays into Liz Truss and Kwasi Kwarteng’s mini-budget

Truthbombs abound in the latest clip from Jonathan Pie.

“The economy is in a worse state than my gusset after a nasty follow-through!”

Laugh – and learn:

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Did Truss-supporting bankers make fortunes ‘shorting’ the pound? Insider dealing?

Easy money: it’s not quite a backhander for bankers who supported Liz Truss to have made fortunes “shorting” the pound in anticipation of its fall during and after Kwasi Kwarteng’s financial statement.

It is being reported that

Liz Truss-supporting investors made “small fortunes” as the value of the pound plummeted following the radical Conservative budget announced on Friday.

This is deeply concerning because it suggests corruption – that these businesspeople who helped Truss become prime minister may have been given knowledge of what Kwasi Kwarteng was going to say and advised to bet that the value of the pound would drop (also known as “shorting”).

An anonymous source quoted in the Sunday Times told the paper they had attended a dinner with hedge-fund managers who were said to have won big betting against the pound last week.

They were quoted as saying: “They were all supporters of Truss and every one of them was shorting the pound.”

The paper added: “Several made small fortunes on Friday betting against the currency.”

Seems straightforward enough, doesn’t it? Well…

Responding to speculation the traders were given insider knowledge of the budget before it was announced – which would be illegal if it were used for their financial gain – Tim Shipman, who co-authored the piece, said: “It’s not fraud, it’s just a bunch of city people having a view and betting on it. It wasn’t a Tory dinner where the mysteries of the budget were secretly conveyed over the canapes.”

Do you believe it?

A lot of people made a lot of money and they were all Tory-supporting backers of Liz Truss, but it was entirely innocent?

Some people have doubts:

What do you think happened?

Source: Liz Truss City backers ‘made small fortunes betting against plunging pound’, report claims

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Kwarteng’s mini-budget: ‘economic and political madness’

The value of the pound crashed as Kwasi Kwarteng delivered his mini-budget speech on September 23.

That’s a staggering indictment against the Chancellor, his prime minister Liz Truss, and their government.

Any money saved by the measures in the budget is wiped out by the extra costs the crash will incur.

Watch:

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Shadow Chancellor sinks the knife into Kwasi Kwarteng over mini-budget

We’ve had everybody else’s point of view on Kwasi Kwarteng’s “fiscal event”, so let’s have Labour’s.

This Writer isn’t fond of Rachel Reeves but she really doesn’t mince her words here. It’s a bit of a tour de force:

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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Martin Lewis explains Kwasi Kwarteng’s mini-budget. Let’s hope Kwarteng watches

For information, from the Money Saving Expert, who’s probably a lot more reliable on it than our muttering, giggling Chancellor of the Exchequer:

Oh! Here’s a clip by someone who thinks Kwarteng has scored a very bad ‘own goal’:

And here’s another perspective:

What do you think?

 

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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