UK Conservative Party Leadership Election

[interlog]

Have to say (as a lifetime Tory voter) the horseshit emanating from the current Government - no more windfall taxes, ridiculous borrowing, shoving more money and tax cuts at already rich folk - is somewhat dispiriting. All very reckless, and against the national interest. Putting future unborn generations into crippling debt.

The opposite of that is to tax the rich more and then give it to the poorest. That has been tried before (during the Blair era) it only resulting in people being better off on benefits then working.

No easy answer to the current situation this country (and many others across the world) find themselves in.

 

[slot_zombie]

The opposite of that is to tax the rich more and then give it to the poorest. That has been tried before (during the Blair era) it only resulting in people being better off on benefits then working.

Agreed we don't want to go down the route of more handouts. How about tax the rich more and pay off some of our national debt instead of constantly adding to it. Thinking long-term instead of the next 12 months?

 

[interlog]

Agreed we don't want to go down the route of more handouts. How about tax the rich more and pay off some of our national debt instead of constantly adding to it. Thinking long-term instead of the next 12 months?

I guess that something needed to be done to give the population something so that they can pay their energy bills and soften the effect the inflation has. That something will create debt unless just like Gordon Brown did you start selling assets to fund this (the famous selling of gold when it was at its lowest price).

It naturally is going to benefit those that always paid more tax more than those that pay not as much tax. Some seem to have a problem with this.

You piss the rich too much off, and they will go elsewhere or find even more ways not to have to pay tax. Then what? Who is going to fill the gap of the taxes that they paid?

I certainly wouldn't want to be in the position this Government is in. Dammed if they do, dammed if they don't. You can't please everybody all of the time I guess.

 

[ChopleyIOM]

The whole thing is economically incoherent nonsense, it's going to be an absolute shitshow for most people, but you certainly can't accuse Truss of not appealing to her base, this is essentially a massive bribe to well-heeled Tory voters. Whether there are enough of them to carry her through the next general election as everything burns down around her remains to be seen.

I'm no fan of Thatcher but she did at least have an actual plan, albeit a lot of it relied on flogging off (on the cheap!) the UK's assets to rapacious capitalist interests, the problem there is you can only sell something once, and there's nothing left now, because the Tories have cleaned out the UK's cupboards.

There is no decent evidence at all that enriching those at the top (which is explicitly what Truss is doing) leads to any significant sort of 'trickle-down' effect. Moreover, in times of economic turbulence when the rich get more money they either save it or buy up assets with it, they don't do anything economically productive with it.

The small tax cuts that will feed through to those on more modest means will be gobbled up (and then some) by rampaging inflation and interest rate increases.

Even the energy price cap which allegedly 'helps everyone' is basically just an interest bearing loan that the UK taxpayer will have to pay back, so Truss is essentially just lending you your own money and charging you more for the privilege, whilst funnelling some £150bn straight into the pockets of the energy companies.

One thing I will say though, is that she has very clearly nailed her colours to the mast, everyone can see exactly who she is, what she wants to do, and how she wants to do it.

Unfortunately, many millions of people are going to suffer the consequences of that.

 

[Mr_Slot5]

The ideal scenario would have been to encourage wage increases (rather than explicitly say they’re bad for inflation and shouldn’t happen), and to attempt to cap the price of day to day living elsewhere so that inflation is negated somewhat.

It’s possible but you’d piss off some rich people…

What has been announced is awful. I read on the BBC site that someone earning £50,000 per annum would be better off over the YEAR by about £850. That’s going to have about as much effect as attempting to heat your home with a cigarette lighter.

 

[ChopleyIOM]

Clues seem to be available.....

 

[interlog]

Clues seem to be available.....

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2011?


Current:

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[ChopleyIOM]

2011?


Current:

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Yes I'm sure he's had nothing whatsoever to do with the hedge fund or anyone involved with it ever since.

Moreover, for the actual Chancellor Of The Exchequer to have been working for a hedge fund that routinely makes a killing betting against the UK, and not that long ago either, just seems, y'know, fundamentally wrong to me?

It's the same hedge fund that made a fortune betting against the UK over Brexit too.

 

[interlog]

Yes I'm sure he's had nothing whatsoever to do with the hedge fund or anyone involved with it ever since.

Moreover, for the actual Chancellor Of The Exchequer to have been working for a hedge fund that routinely makes a killing betting against the UK, and not that long ago either, just seems, y'know, fundamentally wrong to me?

It's the same hedge fund that made a fortune betting against the UK over Brexit too.

Well unless he is not declaring it, the current score on the doors is that he has no financial interest whatsoever

"Not that long ago" - it is 11 years ago by my calculation, a long time in politics

You are just seeking some tenuous link, probably digged up from some "I do hate tories with a passion" lefty publication/twatter post

 

[ChopleyIOM]

Well unless he is not declaring it, the current score on the doors is that he has no financial interest whatsoever

"Not that long ago" - it is 11 years ago by my calculation, a long time in politics

You are just seeking some tenuous link, probably digged up from some "I do hate tories with a passion" lefty publication/twatter post

There's also the fact that Crispin Odey donates shitloads of money to the Tories on a regular basis.

Whichever way you slice it, Kwarteng used to work for a hedge fund that routinely bets against the UK, now as Chancellor the pound lost 4% of its value in a day following his 'budget that isn't a budget', and the same hedge fund made yet another killing, betting against the UK. The owner of the hedge fund routinely donates large sums of money to the Tories.

All complete unconnected, I'm sure, nothing to see here!

 

[interlog]

All complete unconnected, I'm sure, nothing to see here!

Correct, let's move on (CLUE: you won't)

 

[ChopleyIOM]

Correct, let's move on (CLUE: you won't)

As the old saying goes, 'There is none so blind as he who will not see'.

If I were a betting man (and I have been known to have the odd gamble here and there....), I'd say there's going to be a lot more of this stuff falling out of the woodwork in the weeks and months to come, Truss and Kwarteng are exercising disaster capitalism so that their friends and donors can swoop in afterwards to scoop up the remains on the cheap. They've got two years to ransack the UK before they most likely lose the next general election, so they've essentially just planted a big FOR SALE sign on the UK's front lawn.

Reports coming out in The Times now (so hardly a lefty pinko rag) of what we can expect to be seeing very much more of.

 

[dunover]

Unfortunately, many millions of people are going to suffer the consequences of that.

Makes you wonder why the invaders and bogus refugees are still swarming across the channel then......

 

[ChopleyIOM]

Makes you wonder why the invaders and bogus refugees are still swarming across the channel then......

Dunno man you tell me, Brexit fixed that stuff didn't it?

 

[dunover]

Dunno man you tell me, Brexit fixed that stuff didn't it?

Well who would flee the cheap-energy, low-inflation economically sound EU states to come to this UK disaster zone? We know it's not ignorance, as to a man they know the minutiae of our immigration/asylum system and how best to try and circumvent it, therefore surely they must be aware of how terrible things are here via their smart phones? I mean there's plenty of people like you on antisocial media to keep them informed, isn't there? I'm a bit confused here.....

 

[ChopleyIOM]

Well who would flee the cheap-energy, low-inflation economically sound EU states to come to this UK disaster zone? We know it's not ignorance, as to a man they know the minutiae of our immigration/asylum system and how best to try and circumvent it, therefore surely they must be aware of how terrible things are here via their smart phones? I mean there's plenty of people like you on antisocial media to keep them informed, isn't there? I'm a bit confused here.....

Well I'm slightly confused as to how we've ended up with another BLOODY IMMIGRANTS polemic, when the topic of conversation was the increasingly obvious corruption in the new Truss administration and their massive siphoning of money from the poor to the rich, like the world's worst ever Robin Hood.

I know it must be very disappointing that Brexit has failed on every single level, up to and including its single headline advertised feature of stopping all those BLOODY IMMIGRANTS coming across the channel, but we've got a Brexit thread already, and I'm the one who's accused of making 'everything about Brexit'.

Here's a soothing image that will hopefully take the edge off things a bit, I trust you will find some solace in a man who was as right about Brexit as you were.

Next up on the playlist is how Truss and her disaster capitalists fucked the UK economy, plenty of time to work on the apologist rhetoric and how it would all have been far worse under Labour something something Corbyn something something dinghies.

 

[ChopleyIOM]

Story breaking in The Times today, it's increasingly looking like a load of disaster capitalists and hedge fund types knew what was coming in Kwarteng's 'Not A Budget', i.e. they'd been tipped off, and many of them had adopted short positions on the pound ahead of the announcement.

We already know for a fact Kwarteng used to work for a hedge fund that routinely bets against the UK to make money, but I'm sure he hasn't had anything to do with any of those people ever since honest guv'nor, they just happened to know what was in his announcement the other day before he made it.

There's a word for this, it starts with 'corr' and ends with 'uption'.

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[Kroffe]

Its impossible, there are rules against insider trading so it cant be happening.
To even suggest something shady could be going on without any hard evidence is crazy, its like saying the moon is made out of cheese.

Or at least that is what some people would say.
Welcome to team-cheese, Chopley, glad to have you.

 

[TheAddict]

Has any of the past 5 PMs, or US presidents for that matter, actually followed through with any significant promises they made which got them votes? (Obviously I'm referring to the public promises they made, not the ones that they would have made and kept to their largest campaign doners).

Vote left to accelerate the destruction of society, or vote right and take the scenic route.
Every year, it's everywhere. The left and right, blaming the current puppet of the other side for being full of shit, as if the past doesn't exist in that moment.


Democracy?

 

[dunover]

Labous show their true colours, the Corbynista element they are trying to hide, the marxist infiltrators waiting to emerge should Stormer win in 2024...

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[ChopleyIOM]

Labous show their true colours, the Corbynista element they are trying to hide, the marxist infiltrators waiting to emerge should Stormer win in 2024...

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Certainly grasping the bigger issues facing the country at the moment there dunover, please do keep your beady eye out for more important news.

If you hear of a Labour MP who once accidentally overstayed in a parking bay one time back in 2006, for example, we'd all like to know about it.

 

[dunover]

Certainly grasping the bigger issues facing the country at the moment there dunover, please do keep your beady eye out for more important news.

If you hear of a Labour MP who once accidentally overstayed in a parking bay one time back in 2006, for example, we'd all like to know about it.

Yes, there was one called Gordon Brown, parked up in 2008 at Westminster and overstayed by nearly 2 years. Had to pay an enormous fine for it, did it with discounted gold bars apparently.

 

[interlog]

Story breaking in The Times today, it's increasingly looking like a load of disaster capitalists and hedge fund types knew what was coming in Kwarteng's 'Not A Budget', i.e. they'd been tipped off, and many of them had adopted short positions on the pound ahead of the announcement.

We already know for a fact Kwarteng used to work for a hedge fund that routinely bets against the UK to make money, but I'm sure he hasn't had anything to do with any of those people ever since honest guv'nor, they just happened to know what was in his announcement the other day before he made it.

There's a word for this, it starts with 'corr' and ends with 'uption'.

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Even a lay person like me could see this coming. The windfall tax was never going to happen, borrowing was going to increase to put measures in place to attempt to kick start the economy and put money in peoples pockets.

Don't need to go to some swanky dinner with fancy food on my plate that will fly off if I were to sneeze to be part of that club

 

[ChopleyIOM]

Even a lay person like me could see this coming. The windfall tax was never going to happen, borrowing was going to increase to put measures in place to attempt to kick start the economy and put money in peoples pockets.

Don't need to go to some swanky dinner with fancy food on my plate that will fly off if I were to sneeze to be part of that club

Congratulations, you must have made a fortune then!

It's slightly amusing that the Tories were telling us for a decade of austerity that government spending had to be massively slashed and taking on debt would be hugely irresponsible and the type of thing only those crazy Socialists in the Labour party would do and they'd crash the economy as a result.

Now here we are with massive amounts of fresh government debt, largely uncosted and with no plan to pay it back (except with magical unicorn growth that no serious economist believes is going to happen), and all to give a huge bung to the rich.

So it turns out the Tories do have a magical money tree after all, but only when they're making their mates richer, if it's providing stuff for normal people, then the tree strangely stops bearing fruit.

Still, I'm sure it'll all trickle down.

 

[interlog]

Congratulations, you must have made a fortune then!

It's slightly amusing that the Tories were telling us for a decade of austerity that government spending had to be massively slashed and taking on debt would be hugely irresponsible and the type of thing only those crazy Socialists in the Labour party would do and they'd crash the economy as a result.

Now here we are with massive amounts of fresh government debt, largely uncosted and with no plan to pay it back (except with magical unicorn growth that no serious economist believes is going to happen), and all to give a huge bung to the rich.

So it turns out the Tories do have a magical money tree after all, but only when they're making their mates richer, if it's providing stuff for normal people, then the tree strangely stops bearing fruit.

Still, I'm sure it'll all trickle down.

View attachment 173042

I don't do forex trading so nope....

The point I was making is that the £ was always going to tank. No corruption to be seen here