Renton

Interest rates set to hit 5% next year now, with the BoE pulling in the opposite direction to the treasury. Who's mortgage is on a variable or on a fixed up for renew soon? Half of mine is on a tracker which is a a bit of the kick in the balls. The reduction in stamp duty will be more than countercted by affordability criteria of the new rates I think.

Well aye, quite.

Yeah, I'm thinking along both your lines, this is a last ditch gamble for them. Somehow this trigger a growth boom and somehow they will be re-elected on the back of this. And if it doesn't work out this way, then let Labour clear up the mess.

That only goes to the top decile too. Increase the detail to the top percentile, and you'll see an exponential curve covid would be proud of.

"Around 660,000 top earners will gain £10,000 on average from abolition of highest rate of income tax, Treasury admits". Unfortunately for Truss, that 1% still only have 1% of the votes (although I am sure they would like to change that). Edit: fooking Gemmill beat me to it.

The polls, when done correctly, are entirely accurate within their range of uncertainty. It's a bit of a myth the polls were wrong about Brexit, or any other major political events. They have always been within the range of uncertainty or confidence limits. Labour currently have a huge lead in the polls that means the confidence intervals aren't even close to overlapping. I think this will only increase personally. I'm primarily worried about what will be left of the country for them to inherent and whether Starmer has the cajones for real change. Not much and no are my guesses on these questions.

On a related note, I've heard that travelling to or holidaying in the US is extrotionately expensive now compared to a decade ago. Don't know if this is true or not as I have no desire to go over there, but this won't help. More fat old retired Americans in London though, yay.

Borrowing is fine for things like building infrastructure. Tax cuts, not so much.

Everybody notices their own pocket though. And people do notice the figure head, Johnson proves that. Truss has more than neutralised Starmer's personality vacuum. Is there much point on arguing on the basis of anecdotes anyway? The polls continue to tell the real story.

I'm pretty sure even Thatcher didn't borrow to this extent to fund tax cuts for the rich. These cunts are literally going to bankrupt UK PLC. We've discussed this all before, but taking a stept back, both Truss and Kwarteng are author of Brittania Unchained, a revolting pamphlet that reads like it was written by Enfield's tory boy. HOW THE FUCK have we let these arse clarts to come into power? If you believe in infinite universes, ours must be at the extreme end of the spectrum, like flipping a coin on heads a million times in a row, to end up with these cunts.

It'd be funny if I could attribute that entire post to the unnamed tory MP. I bet it's what they are thinking.

Labour absolutely have no excuse not to anihilate these cunts next election. I'm talking about ripping off their heads, pissing down their spinal cords, and setting them alight with lighter fuel type of annihilation. It will probably be too late by then of course, but fucking hell, this is not a budget to win an election with.

Holy shit. I'm just catching up with this. Has this dick head really abolished the top rate of income tax? And PL et al. think that's a vote winer?

Also there's the simple fact that we are not living in a vacuum, this "mini budget" will have ramifications we cannot control. We maight see parity and worse with the dollar soon.

Even with the energy cap and tax cuts, the large majority are going to be poorer and facing a tough winter. And then you still have..... Truss. She's fucking awful man, none of the positives of Johnson and all the negatives. Too many on here have tory Stockholm syndrome.

Aye, if you're on 8A the pay rise is a pay cut. The whole thing is bullshit. The incremental between 7 and bottom of 8A is tiny and it takes 5 years to get to the top of 8A. Meanwhile you've got a shit ton more responsibilities. The pension is constantly being downgraded too.

Oh how wonderful. Trussump. https://www.theguardian.com/world/2022/sep/22/liz-truss-could-follow-donald-trump-move-british-embassy-israel-jerusalem

Spice cadet by the looks of it!

Just seen this. WTAF? Mogg is goig to be a complete disaster.

Truss and Mogg. What could possibly go wrong?

Coffey off to a good start. I mean, start as you mean to go on. Make promises with no indication of how you're going to deliver them and without bothering informing professional bodies.

Yeah, didn't know there was some controversy about singing the national anthem at the labour conference. If they normally do, just continue. If they normally don't (and I can't recall them ever doing it), don't. Pretty simple.

Meanwhile the ewerks are in the ascendancy in Norn Iron. https://www.theguardian.com/world/2022/sep/22/catholics-outnumber-protestants-northern-ireland-census

I HEREBY DECLARE A MORATORIUM ON TURTLE-BASED JOKES.

And the side effects of the radiation can also have some unexpected benefits.