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Your bound to have seen the meme of him on Twitter shouting at PMQs like he’s off his head!
Well the Tories are planning to remove the cap on bonuses that bankers can earn. Once again, this is another policy which will favour the rich and do nothing to address the widening inequalities in this country.
Truss and her team going for "trickle down" economics - surely at this point Labour just need to avoid culture wars and be careful with the stance on industrial action if it it widespread and they will storm the next election? I can't see how the economic policy Truss and her team are going for will benefit anyone other than the core support.
Truss and her team going for "trickle down" economics - surely at this point Labour just need to avoid culture wars and be careful with the stance on industrial action if it it widespread and they will storm the next election? I can't see how the economic policy Truss and her team are going for will benefit anyone other than the core support.

 

How you mean Labour avoid culture wars as a matter of interest? It is overwhelmingly created and amplified by the hideous press and certain Tory MPs. If you mean being pro trans/LGBT rights (as that is what vast majority is about nowadays) then they should take the right stance morally on it like the current President of the USA does.

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The smart thing to do with culture wars is to let whatever "trans woman breathed in the direction of a TERF" story the right-wing press is hyping today burn itself out, while maintaining progressive support for the issue more broadly. You don't want to get in arguments on super-specific situations, because that's their territory.

 

though it isn't the worst ploy to make use of the young, left-leaning MPs like Whittome or Sultana to keep the young progressive bloc on side, because that will also make a difference. Too many people yell at those types of political figures to shut up whenever they make a show of support for people of colour or queer people, they're not Labour frontbench and yet they have the opportunity to lead the social mood of this country in a better direction.

 

However, focusing on economic policy for top Labour MPs is better, it's far more normally the issue on which voters base their vote. Truss' looks to be a disaster.

They should matter of factly state their support for the targeted groups and then follow up with “basic human rights are not up for debate” and walk off. We don’t need to engage in mudslinging with illiterate eejits who have no intention of actually engaging and will just foam at the mouth about whatever delusions they have currently. Honestly just treat them like agents of the Russian state (which tbh some of them probably are)
The UK econony is pretty much f***ed with Liz with all the recent policies etc. Once again becoming the sick man of Europe. But it's OK, the rich will get richer and be fine.

Well depressingly there is a poll out of Red Wall voters where Truss leads Starmer by 7 points in best PM. Mentioning it here rather than the polls thread as it's a PM one.

 

Granted the methodology isn't refined like the party polling figures and I'd be interested in Southern "Blue Wall" polling. But Truss despite being awful does come across as energised and getting things done unlike her useless slothful predecessor. And if it's spun by our press inc BBC as saving the economy, making touch choices etc etc

 

So don't think it's a given that Labour will win next GE especially if she gets lucky.

Well depressingly there is a poll out of Red Wall voters where Truss leads Starmer by 7 points in best PM. Mentioning it here rather than the polls thread as it's a PM one.

 

Granted the methodology isn't refined like the party polling figures and I'd be interested in Southern "Blue Wall" polling. But Truss despite being awful does come across as energised and getting things done unlike her useless slothful predecessor. And if it's spun by our press inc BBC as saving the economy, making touch choices etc etc

 

So don't think it's a given that Labour will win next GE especially if she gets lucky.

 

Nobody in the Red Wall seats is going to be better off though, think the initial bounce now was to be expected. Let's see where we are in September 2023, right now Truss has ridden a really easy wave. She is nowhere near as populist as Boris, I just cannot see a way in which the Red Wall turn to her in to the same way they turned to Johnson.

The fracking stuff is bonkers - even the majority of their own MPs don't want it! Absolutely reeks of outside influence as a few people have already pointed out.
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Well that's certainly the most mini-budget that isn't a budget that I've ever seen

 

summary: cut all of the taxes, especially those on the rich, do not explain how the government will pay for any of it

 

wonder if the scraps they're throwing to the poor by reversing NI rise, not-good-enough help with energy bills and general income tax cut will overcome the absolutely blatant removal of banker bonus cap and top income rate tax cut. I'm surprised they had the chutzpah. Stamp duty as well doing the exact opposite of solving the problem where 3 people in the UK own half the housing.

 

A small and perhaps to be overlooked showing of their priorities in there too with moving that unions call a vote of members before striking, seems mild and reasonable on the surface but in practice will stop enough strikes to make larger strikes ineffective because some workers will accept below par offers - that will have to be classed as interfering with a union's ability to negotiate.

I’m really worried by what’s been announced in the budget today. I think Truss & Co seem to have no real idea about what they are doing by making substantial tax cuts which are likely to benefit the richest most and do little to stimulate growth. You need proper investment for growth. And there appears to be no proper plan about where the money is coming from? While our public services remain in dire need and are likely to be subjected to further cuts in the future when the government realises their plan hasn’t worked. Scrapping bankers bonuses is almost the same as refusing to implement a windfall tax on energy companies. The bankers were in part at least responsible for the financial crash in 2008 and yet it is the public who ended up paying for their reckless errors through austerity.

Edited by neill2407

This ‘mini’ budget is potentially terrifying? What is their endgame here? I can’t see this being anything but a disaster. The months ahead — and beyond — are looking seriously bleak.
I’m really worried by what’s been announced in the budget today. I think Truss & Co seem to have no real idea about what they are doing by making substantial tax cuts which are likely to benefit the richest most and do little to stimulate growth. You need proper investment for growth. And there appears to be no proper plan about where the money is coming from? While our public services remain in dire need and are likely to be subjected to further cuts in the future when the government realises their plan hasn’t worked. Scrapping bankers bonuses is almost the same as refusing to implement a windfall tax on energy companies. The bankers were in part at least responsible for the financial crash in 2008 and yet it is the public who ended up paying for their reckless errors through austerity.

 

...or they don't want to tell us which is possibly even more daunting.

Where do we think the money is coming from? They're obviously going to borrow it.

 

I agree with the comments it's economic lunacy. The pound has pummeled - I don't even know what the Tories are trying to do here except self-destruct and appeal to the people who would already vote for them. I get people don't like Starmer or the Labour Right, but there's no way any sort of Labour government would ever deliver as shocking a budget as the one we've just witnessed.

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