Cost of Living Crisis

Well we now know where the money for the tax cuts for the super rich is to come from as for the second year running they are going to increase pensions etc by much less than inflation despite promises to protect pensions and pay the rate of inflation.

They did the same last year when promising to pay the triple lock of inflation at 8% they only increased pensions by 3.1% a cut of 5% looks like more of the same with pensions paying for tax cuts for the wealthy by Truss

 

I'm sure pensioners will take that into account at the next General Election.

 

I'm not sure why folk can't actually see how the rich get richer every single year. Every penny their wealth goes up has to be squeezed out of people with no choice.but to pay it. It's why their system dictates that you have to work longer every year before you actually start earning for yourself and not paying the taxman. Its why wages never realistically go up with inflation, why stealth taxes are brought in through Westminsters back doors. Why parking charges go up every year etc, all chipping away at the masses.so the rich become even wealthier.

 

Of course it does. Its all to do with inflation, borrowing and interest. Mortgage companies couldn't care what tax rates are, in fact people having more money in the pocket is clearly better for them

Because we've lived through an era where the answer is always to give the government more money and they don't spend it well. Giving money to the people who earn it is philosophically a good thing.

 

And the budget confirmed the borrowing. The pound is "weak" because of borrowing, inflation and interest and because every currency is weak against the dollar. Not because income tax is 19% rather than 20%

I don't think we have. There's been a hell of a lot of cuts to some services but the tax burden in the highest it's ever been in my lifetime. We're getting bad value for money from our taxes.

From the IFS.....

"While the tax reductions announced in this budget are substantial, their impact is only forecast to return the UK tax burden to 2021-22 levels – reflecting the large increases in the tax burden previously forecast for the coming years. This will mean a tax burden that remains at its highest sustained level since the 1950A"

 

Utter made up nonsense.

People's lives only seem to matter as long as it suits certain political agendas.

 

Liz Truss was as convincing this morning on the media rounds as Harry Maguire has been has recently been at center back for England.

She seems done for before she has even started, a chancer without a plan who found herself at the top.

I said the Tories needed a clean break but the MPs put forward 2 MPs who were front and centre as the choices and boy it that being exposed.

I think the best thing I have seen these who thing described as is a "Trussterfuck".

 

Its 170bn for UK energy companies not 170bn globally.

https://www.thenational.scot/news/20862627.uk-energy-companies-make-170bn-excess-profits-leaked-analysis-reveals/

https://www.bloomberg.com/news/articles/2022-08-30/uk-predicts-up-to-170-billion-excess-profits-for-energy-firms

https://www.reuters.com/business/energy/uk-gas-electricity-industry-may-make-170-bln-pounds-excess-profits-bbg-2022-08-30/

Its also not total profits its excess profits.

 

Putin has a massive interest in Moldova its called Transnistria - a place no different to Crimea, Luhansk and Donbas. In the early days of the war he moved his forces to try create a land border with Moldova. Based on previous behaviour its fir to say that moldova was next. He thought Ukraine would just fall within days as in Georgia but was wrong.

It seems to me that you want to blame the higher costs you face on putins war and the fact we are spending to defend him and issuing sanctions which costs you money. Instead of blaming the torys for years of economic mis management.

Either that or your a russian sympathiser.

 

It's never about people's lives, that's just a smokescreen. It's about control and power. I'm not happy about the loss of needless lives from a war that neither side can truly win but this is mere collateral damage.

 

soo funny listening to her get torn to shreds

 

She will be getting her hair and make up done next week to resemble Thatcher

 

We have just had a change, unfortunately for the worse

 

They will probably have forgotten