Mini-budget: Chancellor Kwasi Kwarteng announces major tax cuts
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- Опубликовано: 22 сен 2022
- Chancellor Kwasi Kwarteng has announced that the basic rate of income tax will be cut to 19p a year earlier from April 2023, with the 45% top rate abolished and replaced with a single top rate of 40%.
#Chancellor #MiniBudget #Economy
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Call a general election
Look at that horrible women smiling
this is disgusting how did they think it was a good idea! this benefits 5% country the rich
The fat rats will be getting fatter before finally leaving the sinking ship.
They are shameful. Just for the rich and do not care for the people
He has just sealed the fate of my business, I employ 16 members of staff who I will now have to let go as a reduction in VAT has not happened so I will be forced after 37 years to closed my doors due to the massive increases across the board and the total lack of help from the government.. the government is so out of touch with what's happening to the little business in this country. I'm so angry!
What better way than to vent it on RUclips
It’s not out of touch, they are delivering a wealth transfer from small businesses to oligarchs
Anyone still think the Great Reset is a conspiracy?
@@progressivedemagogue8480 there is that part of the wealth transfer and also all the money due to be paid to energy companies from the energy cap that will be paid for by taxpayers with interest. Not to mention all the bankers who will wet their beaks from all financing involved
Blame Tory voters as much as the Government, they elected these hideous crooks
Let’s just get Labour in number 10 now!!!!
So they can ruin the uk also.
Never
@@BruceWayne-vn5vg thanks Batman
We've been bankrupt every time they've been in power. There will be no income to tax
Both awful this country needs Nigel Farage
Basically anyone earning 150k+ will pay less tax...
All a rich man’s trick
London needs to get out on the streets and stay there until there is a general election
Not just London
CLose your eyes and you’d think your listening to Boris
It sounded like Osboune. And this crap never worked for him either. Instead of more tax we got more debt.
This political freak show is over. Tories out, now!!
Call a GE already 🙄🙄
Riot instead
@@random-zw3gw because laws stop crime from occurring
If this government was serious they would have increased the minimum threshold for income tax to 25k. If they're so concerned about rich tax avoiders they could simply hire more lawyers and accountants to close the loopholes.
They've never been serious about rich tax avoiders. They're the Tories.
Avoiding being robbed is awful.
if they were serious they would not have printed trillions of unbacked currency to play landlord.
They are concerned about the rich tax avoiders,that's why they won't do anything,the rich tax avoiders are them and their cronies
The Tories are doing what they have always done - rob the poor to give to their rich party donors. Even the name “Tory” is derived from a word for “robber” or “pirate”, how appropriate. They point to benefits instead of addressing the profligate tax avoidance which they enable and facilitate by their inaction. The country is overdue a revolution. I can see it coming soon.
At least the richest get richer. What absolute bs
No, the poor get richer too.
How are we not revolting!? How have working people become so content to take it up the arse from the wealthiest!? This is terrifying..
Probably the sedative that was put in the covid vaccine! 🤔
Rich people work hard too. Harder in fact which is why they are rich !
Evil 👿
Thousands of grannies will freeze to death to for rich peoples comfort..
At this point to cut tax for the rich is just shame and shows that the Britain is lost. These people should go to jail for deepening the poverty in their own home.
I Bought a SLEEPING BAG to stay WARM at home 😞😞😞
Good idea
@@Peterjamesjohn23 this is only option to survive this winter 😂😂
Look how pleased they are with themselves giving themselves a pay rise. Them and their rich lobbyists and donators. Don't worry, the workers will just have to take on the burden. Can't let these spoiled brats miss their yearly Mercedes upgrade or a payment on their next yacht.
they're probably all just amazed that we were stupid enough to let them get away with it.
Blokes a Jeremy Hunt.
A budget for the rich.
Uh no its a budget for all of us in the UK
@@edfash9976 If so how much will someone on 20 - 40k save a month then ?
@@pureplay7071 as a %? About the same as someone on 2k a month
@@edfash9976 5% of nothing is still nothing.
This guy and his boss are singing to the same tune: TAPS.
No mandate, no idea, no plan. Welcome to Brexit..
They need booting out they are vile.
The repeal of the IR35 reforms from 2017 and 2021, plus the cancellation of the 1.25% rise to dividend tax is very welcome to contractors like me.
Instead of civil unrest in Leicester, bus down to Westminster and focus on these criminals...
Something seems very funny to everyone sitting there..is there anything u wanna share? Lovely to see those smiles while we all starve
This will not do anything apart from help the wealthy even more. Please can we end this nightmare.
Who tf cares if the wealthy get more wealthy if it also brings up the lower class.. it’s far better than whats happening right now where everyone is getting absolutely railed without lube.
So cutting taxes will increase tax income, good ole logic there.
This cut for rich not for poor and middle class.
Since the rich pay all the net tax in the first place, any tax cut by definition is a tax cut for the rich. Reagan did this and America boomed.
Smug, this lot will milk it till the next election.
Yes he will make it
Stamp duty cut for everyone so people can buy their 5th homes cheaper. I'm sure most of the working people have 4 homes trying to buy a 5th home.
Liz Truss smiling inside they don't care, that why tax cuts do damage. Cut anything the poor lose out.
So help the rich and make everyone else suffer how is this going to help the every day family and why let the rich get the cut at least have an earning level that makes the rich stay at the level that already exists and let the tax cut be beneficial for us every day families
i wish i was rich
So much for lowering income tax to 10% on the lower bracket and 30% on the middle bracket... so much for introducing a larger marriage allowance...
Tories focusing on the richest 5%, labour focusing on the poorest 5%, is there anybody focusing on the 90% in between?
New Labour focus on them. That’s why Socialist Labour call them Tory Lite.
It is clever how they reduced income tax by a penny and simultaneously reduced the power of the pound. Increasing the price of everything which increases the value added tax.
Yeah for the rich to say rich n poor to stay poor
Rich to get richer and richer.
@@davidburrows4801 true story....hope your good David 👍
This is sooooooooo clear. Reduce tax for Tory donors and bugger everyone and everything else😂
Never have I heard such BS. A total disaster. Wonder how soon taxes will rise to cover the cost of the next few months of winter. i.e. fuel subsidies rather than cancelling sanctions on oil and gas.
Thanks again Red Wall for giving us the toff Tory party 👏
Before everyone starts to criticise the new chancellor and Prime Minister, we need to first of all review our corporation tax rate and compare it with Ielands.
Their tax rate is low and has the highest growth rate out of every European country. I think Ireland has something like a 10% growth rate, so we need to give this a lot more time for everything to bed itself down.
But corporations also need to have confidence that the UK isnt going to increase the corporation tax as soon as labour or another Chancellor and Prime Minister take office next.
We can only see positive growth if confidence can be restored between companies and government. And this is the bit that i feel will ruin any chance of this working.
Mini brain, mini budget, humongous disaster
Disgusting
Enterprise needs low paid workers to keep it goin though doesn't it,increases living standards he says,thank fk I'm having an extra 63p a month,I might be able to afford a tin of Beans for food,wow,I'm impressed by this
At this point - we genuinely need a revolution but no one's going to do that haha
Now the pound is at an all time low, he must feel like he’s “followed through” in his pants
Calling this a “fiscal event” allows the Tories to blame the working classes when this gamble goes wrong while allowing the black guy to get the blame when it does 😂
This all aged so well 😂😂😂
Blacks being used to implement the worst conservatives policies:
Barrack Obama: Libya invasion
Colin Powell: Iraq invasion
Clarence Thomas: Anti-Abortion rights
Anthony Johnson: First U.S slave owner
Megan Merkel: Destroyer of monarchy
Jon Grubbs: Face of police brutality ($100m lawsuit)
Kwasi Kwarteng: Destroyed the economy
Rishi warn before, rishi was right, now uk currency is crashing
More borrowing to fund this, in addition to borrowing to limit energy prices, not very conservative
5 and 1%? Is that is it?
Return to Tory boom and bust.
Were already bust ,liquidation next.
Did he just say to stop the hassle of dodging I will cut the higher tax
I knew he couldn't care less about most people when I saw him laughing during the queen's funeral
Here hoping we get 15 million tourists from across the pond
I might be under selling this a bit , better make it 20 mil
Rich = "People".
Poor/middle = "who?"
To be fair, dissent among the tory ranks is a good way of keeping the government in line
What a disgusting play. The way they're all sat there laughing about making themselves richer while people starve or freeze to death.
Wth ... what an embarrassment 🤦♂️
What a joke this doesn't help the people who need help, it only helps the rich, raise the tax threshold would help more than all this rubbish.
I voted Conservative in the last election, what a mistake,
I will vote Labour in the next election.
that didn't work did it!
a budget by the adams family
Looks like a budget for the rich typical Tories
The tories once again showing how much contempt they treat anyone but the super rich with.
Absolutely self serving policies... this is too help themselves as they know there out by end of this term... and rad fems are in...
Now just watch them use all that free money to raise your wages. Or join a Union ✊
"August warning"
So no help for the poor then:((((
That's what they are doing of the richest people to pay more taxes so that pay the money back in apparently
Much more conservative
SHAME SHAME SHAME
I swear I thought it was Comedy Shorts Gamer
This is only a budget for rich people outside of the uk to take advantage of
Brilliant 👏
This budget again misses middle earners entirely
I think it would have been better to lower the 40% bracket than scrap the 45%
Time after time governments help the rich, help the poor, and squeeze middle earners for all they can
They don’t help the poor at all with this, just top earners
Vote Labour
They want to force the middle into the bottom ready for the great reset ,where the super rich will have total control.
@@trancevoyagesessions why ?both will crush brits and give everything to themselves and foreigners.
The reason they didn't cut the 40% bracket is that those in that bracket can't afford to pay the best accountants to dodge tax while the 45% bracket can.
When did they let this bloke out of hospital!
At long a Conservative Government!
Always backwards: helping the few that sit there counting money and not spending vs giving the millions who have nothing more, the power to buy more, creating demand, causing more business then causing more jobs thus causing a greater growth. Cuts to businesses making billions won't make them open more "they already have the money to do that" if u gave it all to the poor the outcome will always be growth no gamble!!.
Shovelling public money into the bank accounts of their rich friends
Yeah…yeaaah…yeeyeeeyeeyeeeaaaaaahh…
They are spending too much already. This isnt going to last long
It’s he one she sleeping with??
Cutting taxes is the best way to jump-start economic growth. It worked for Reagan and Trump.
Since the rich pay all the net tax in the first place, any tax cut by definition is a tax cut for the rich. Reagan did this and America boomed.
Keep the rich,rich..keep the poor,poor.new govt,same old sh#t.🤔
Rather grow.
So basically they worked out the figures to suit rich mates and hard working people are being pushed into poverty….soon enough we will have load of Oligarchs rest on a breadline
So. Like Trump said. Hm.
Since when did Deji get into politics?
Ffs 😂
Yea, give the wealthy yet another tax cut!
In syntax 'tax' means no bill❤️
I'm going to be the uninformed one in the comment section. Can someone explain this to me please?
It will help everyone a little, but it will not make a significant change.
Won’t help hospitality
We are turning150k a year in a fish and chip shop paying 20k in vat price increases on everything astronomical prices have increased by 30% in shop and trade through the till is down 20% on this time last year was hoping they would reduce the vat as many takeaways are not vat reg and undercutting us made 2 staff redundant in feb looks like three more are going today as we are closing the door
Well, let's get rich to survive! Amazing logic 🤗
Put your back into it son !
I have no comment, this jokers have no limit
*major tax cuts for the rich.
Since the rich pay all the net tax in the first place, any tax cut by definition is a tax cut for the rich. Reagan did this and America boomed.
@@backinthegame34 Except they don't pay taxes at all. They avoid it syphoning off their stolen wealth to offshore tax havens while the poor are left to make up the costs of them avoiding it. This is how America "boomed"...when it didn't.
Despite the economic downturn, I'm having the best time of my life financially. Earning over $83k in the last 2months with an investment of $19,000. Money can be made even in a bear market. Make the most of it.
I'm 37 and have been looking for ways to be successful, please how??
yeah most people don't know that trading is another way to generate wealth ..
I will leave her number just below this comment 👎👎
ນີ້າທີ່ນີ້ລນີ ＋𝟭𝟮𝟬𝟭𝟮𝟳𝟱𝟬𝟰𝟴𝟲 າທີ່ນີ້ລນີ້👎
👎
ນີ້າທີ່ນີ້ລນີ ＋𝟭𝟮𝟬𝟭𝟮𝟳𝟱𝟬𝟰𝟴𝟲 າທີ່ນີ້ລນີ້👎
👎
We needed him long time ago
Ghana is now the King of Africa, it used to be Kenya and it was almost a Nigerian few months back....
🤡🤡
what does nationality have to do with budget policies?
Token
Lol. It's truly astounding how little basic economics is understood by the general public. Those who understand economics recognise that this budget is actually very reasonable. Given we are now out of the EU, we have a unique opportunity to adopt bold economic strategies like this, and gain a competitive advantage over our competitors. Increasing the incentives and agency of the most productive sectors of an economy benefits everyone. That is how all prosperous societies have developed. It is shocking how ignorant the general public is about these basic things…
But what happens when there isn't enough man power to offer? Want to get lead in industry,first scrap agencies.
Really? Do it by taking loans out as interest rates peak and taking a tax break for the richest where the money circulates to foreign accounts. How about REAL economics like the ftse has just dived and the pound sunk.
@@Bobby-sm3tz markets react to things all the time, the issue is if the reaction last longer than a month or so.
@Gammons Trout yes and for most of those years the ftse 100 has increased year on year
The public's view of this probably doesn't have anything to do with economics to begin with. All they see from it is "the rich get richer", and of course it pisses them off.