Liz Truss pledges not to cut public spending
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- Опубликовано: 11 окт 2022
- Liz Truss is battling to convince both the markets and some of her own MPs that her economic plans add up.
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At Prime Minister's questions she told MPs that there would be no public spending cuts. But a treasury minister also insisted that the chancellor won't reverse the tax cuts he announced just a month ago.
Tonight, a senior Conservative MP is reported to have accused Liz Truss of trashing the last 10 years of conservatism.
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I don't often agree with him but Sunak was right when he referred to her policies as "fairytale economics".
At the very least you can say that Sunak is a sane bloke. I also think it’s fair to say that he’s probably reasonably intelligent. Unlike the menagerie of delusional f*cking maniacs who make up the current front bench. I honestly think that Truss is dangerously thick. She’d be out of her depth as a middle manager in an SME. How the f*ck she’s in charge of country is beyond baffling.
Things are looking grimm now
She was voted into the job, drunk with power all ov em. Dangerous people
Did you forget his plan was to increase VAT taxes and such which would have done absolutely nothing?
@Alan G they let it all carry on like Cinderella going to the ball,. Useless all ov em
She's like an answering machine. No one's home and the message is on repeat regardless the questions asked.
No one's home
No one’s home
I love Liz Truss's approach, now let's see her departure.
Looks so difficult if not impossible to show an idiot (vicious too) the door!
Is there anyway they can get rid of her and her team without wasting another 5 weeks of hustings? Asking for a friend.
Guy Fawkes
@@vassabatielos4740
😂
A bullet?
I recently met a lady from Steyning, West Sussex, who had worked with Liz Truss.
She said Liz was the worse manager she had during her entire 40 year professional career 😰
Can u expand at all?
😆
It's a classic case of the Peter Principal.
Big towers little thakem
LL I miss Rishi!
At the end, the way she raised her eyes when Jacob Reese-Mogg was mentioned. So revealing! This is Gillian Tett who has written about the financial instruments that were part of the cause of the financial crisis that started in the fourth quarter of 2007, such as CDOs, credit default swaps, SIVs, conduits, and SPVs. She became renowned for her early warning that a financial crisis was looming. Not someone to dismiss.
Great shout about the geese mogg eye roll
Remember when we didn't have to worry, about keeping warm? Remember when we didn't have to worry, about paying our mortgage? Remember when we didn't have to worry, about the price of food? Oh yeah! That was when we were in the EU.
Ouch 🤣
Even before Brexit there were still people worrying about keeping warm, a roof over their heads and being able to afford food. A majority of them were and still are on minimum wage.
@Buymeasnickers Pleasethe war wouldn't have affected the west at all, we as usual decided to get involved in others business - - blame our stupidity and arrogance - - ukraine ex USSR run by oligarchs, mafia, nazy is now OUR FRIEND, since when ? - Ukrainians were the Foreigners we wanted out in the brexit years - - - cant t believe such hypocrisy
@Buymeasnickers Please that permanent 4% reduction to the economy doesn’t help though
@Buymeasnickers Please ummm, in Britain there is no growth. It's the worst economy in the G7. No other economy other than Russia has tanked as bad. Globally. 4% of Britain's GDP has been lost, this year, next year, and every year in the future. Just look around. Businesses are collapsing left and right. Supermarkets are struggling to fill shelves. Food bank's are a THING! Warm banks are coming. Children are being scolded by hot water bottles. WTF are you on? The whole world isn't struggling, like we are in Britain.
Who do these people work for? Tax on renewables but not on fossil. They have no shame
The first comment I've seen mention this! I couldn't believe it when they said it... so all these oil companies that are telling the government to tax the extra profits they have made, arnt being taxed... but let's focus the tax on renewables?
The budget was oven ready
I just can't bear to watch her 'in action' anymore at the dispatch box or anywhere else. It's just too tragic - too catastrophic.
She hasn't even got started yet. She is wrecking our country in real time, no one wants this
Can you do any better , no you can’t.
So stop moaning and give the PM the government a chance.
Otherwise it will be a Labour government in power and anyone who has to work in private sector doesn’t deserve that punishment.
@@Bevrinton I want Labour and Angela Rayner
@@blackbeard6423 if you are receiving unemployment or sickness benefits , or work in public sectors it makes total sense to vote for a labour government.
If labour do win the election then for me it’s shut the business down and go for long term sickness benefits or try get a job working in the public sector , live an easier life with guaranteed benefits or salary in the comfort zone.
@@Bevrinton You don't get on-the-job training as PM. You're either good at it - or you're not. And she isn't. Meanwhile the country crumbles. Bring on LABOUR.
Listen carefully, she said no cuts then talked about spending in 2010, wouldn't surprise me if that means she intends to CHANGE spending to what it was in 2010, which to most would mean cuts. *REMEMBER THE TORIES LOVE AUSTERITY, ITS GREAT FOR THE RICH.*
They could just cut all the diversity and equity officers from government branches. that's an easy amount of money saved.
@@grimnir8872 They could also take all the money donated to the Tories by Russians, that should make a big dent.
Honestly I think you're giving them too much credit for having that basic level of a plan.
She said "No" because she couldn't think of a way to avoid the question (and even truss knows she shouldn't say 'yes we will' in public)
@@matthewn1805 Donations are given willingly by others. Why should tax payer money be spent on useless waffel like diversity officers?
Liz Truss' economic policy vs the markets:
A classic demonstration of when blinkered ideology meets cold hard reality.
= Capitalism
Shell supported her election campaign.
All her energy policies should be seen in the light of this 'payback'.
Therefore: no public information on saving energy, no targets, eg 5% reduction, no money for insulating homes, no requirement for office and commercial managers to switch off lights, restrictions on photovoltaic arrays on certain categories of agricultural land, reversing the ban on fracking...
@@stevejones2310 do u have any proof
@@UPAKHOSALA sorry, BP, not Shell. But she worked for Shell on graduating from Oxford..
Join the dits and follow the money...😁
"restrain not cut" "change of direction not u-turn" they seem to think that using different words make it seem like they arent doing what they are doing
its like when overwatch called the gambling "surprise mechanics"
Hedge fund managers made a fortune shorting betting against the pound collapsing, private pension funds almost went bankrupt with the Bank of England having to intervene and IMF has issued a warning.
"Hedge fund managers made a fortune." That's all you need to say. Thats the point of this government and liz Truss - make a fortune before you're kicked out, at whatever cost.
Anyone considering emigrating?
That poor magic money tree can't take much more shaking
Oh it can. It's not her money. It's yours.
@@vairavanvairavan4844 "Britain is fastly becoming a 3rd World nation with high inflation, rampant corruption, etc,..."
So, basically, the UK is hellbent on becoming the United States! 🤣🤣🤣💯👍
I bet she instructs the DWP to make even more cuts in the benefits system.
She will do she here for big business not the people
Its guaranteed at the moment they will be scheming on how to do it without using the word cuts, as with public services. Like Johnson so much energy will be going into how to deceive and how to wriggle out of things rather than govern for the population. That is now a PMs job, a medium between what big finance and corporates want and the general public.
Yup, she will reallocate those funds so it looks like there is no reduction in social spending over all.
@@ianwomersley8980 Feel like I'm having a stroke reading that
@moi you can be the first one
Kwazi sitting with a big grin after he successfully sunk the pound the knob.
"The markets are never wrong"
...and this ladies and gentlemen is why we get bubbles
🤣🤣🤣👍💯
Because the shop keepers nation is flooded with money from tax haven , like British
Capping Wind and Solar revenues without doing the same for oil and gas is ridiculous. We need to decarbonize our energy. Cutting these sectors' profits will mean less spending on expanding these services. Energy prices aren't going down until the war in Ukraine is ended, which won't be anytime soon.
Agreed.
Remember the energy prices were going up loads even before the war, also look into who cut the gas storage in the UK.
You never know though, maybe fusion will be a thing one day.
@@MrThebigcheese75 fusion is an impossible goal, you can't receive more energy by fusing something than you put in, in the first place.
What so few people seem to realise is that the borrowing to fund the reduction in energy bills doesn’t offset the tax cuts (or vice versa) as they’re BOTH taking money out of the public purse?!
O’Brien said today that it’s like going home and saying to your spouse “I’ve bought a Lamborghini!” then they exclaim “What?! We can’t afford that!” so you say “Don’t worry, I’ve bought a Porsche as well!”
The near collapse of Surrey county council and surrey heath borough council today meant that severely disabled people were told today that social care would be suspended until the councils financial problems could be resolved.
This is illegal disabled people and the dieing are not responsible for the incompetance of the failed chanceller. Calls for the army to be involved in delivering social care are very loud.
Resign Resingn Resign
What a national embarassement these people are///
Useless prime minister
1 month later - Cuts public spending…
She won't be there in a month.
"What are you going to do about the tax cuts paid for by borrowing"..... "well, ive released an energy package"...."Yes Liz, thats also funded by borrowing....thats not an answer to the question".
She‘s definitely going to cut spending now…
She don’t need to… with inflation at 10% going on 20%… the public spending is cutting itself… inflation has always been a tool to cut public and foreign debt..😏
We should have a general election as we didn’t vote for truss
Middle England will keep the Tories in. Labour cut their throat by conspiring against Corbyn. Tories will be in power for another ten years
Obviously all the people in the hustings who voted for her to satisfy their own greed have now run to the shadows. The uk is now in the worst financial mess for 40 years. Well done the hustings crew!
"The Prime Minister is always right. If that's what she said, that's what happened" Lord Callanan. I have no words for such a contemptible crawler.
The term “Thunder C#%t” springs to mind.
Imagine someone came to you and told you that your plan had a missing £62,000,000,000. "Gosh, how did that happen" you say
We never voted this joker in !!!
Get rid
She's lying
I sense another u-turn coming.
What about a nose dive.
Voting Labour. Had enough of the tories
You sound like a really thoughtful voter,one who chooses policies that will benefit the country,the people ! Did you vote for Johnson(the incompetent liar) and brexit( one of the stupidest and most economically damaging things any country has done to itself) ?
You can't cut something when it's already been cut repeatedly over a decade to the point where it no longer functions properly
When the Tories said "levelling up👍" I didn't realise the people they would be "levelling up👍" would be the rich. should've known😒
Trickle up economics.
They are levelling them up to Elon Musk as soon as possible
You should have realised when she made the announcement on public sector pay cuts making those outside the cities in poorer area earn less than those in the cities. The only reason she made a u turn was cause others told her to. Otherwise she was perfectly happy in doing it.
Leveling up the rich. Leveling down the poor and middleclass.
Gillian, thanks you for your analysis
Wow that Lord got smoked
They should bring that last guest on more often, she summed up the entire Tory party for the past 12 years in one word.
and she was smokin' hot to boot
Watch out for a U-Turn - won't be long
why is it every time she talks it smells like a load of bull
We need massive increases in public spending not a total ignorance of it and certainly not to let it lie. Without the NHS and council funding for community services there is no UK it is just a tax haven driven by backwards money people.
You must be cognitively deficient to describe the UK as a tax haven.
Hey I'm sure the 5th of November is coming up.....
As has been said many times .... We're being led by Donkeys, whence we do not know! 😡😡
Why insult donkeys ? A fine animal that does a honest days work ! Politicians are closer related to pond slime.
Nope, it's donkey outside, hyena inside
If she cant cut spending she has to raise taxes, so what was the point of the budget if only for hedge funds to make a fortune. On the plus side daft tory voters (the non billionnaires) might think twice at the next GE.
Right from 2010 when the new Conservative government insisted that the £157billion of debt was all just Labour's fault, mismanagement, ministers have been lying in public. And now ministers have got quite good at it with practice, being able to lie/bend the truth at the drop of a hat. What are they like at home?
You're forgetting how the new conservative Government have done nothing but act like Labour all this time.
Not just conservatives but the lib Dems if the time, also most of the current Labour front bench voted with that lot and UK MSM supported them all.
We never voted this joker in!
Lord Callanan: "Ho ho, where's the Wensleydale Grommit?".
and pigs are flying.
I think the FT editors words are perfectly permissible on the grounds of truth and clarity. If anybody was offended by those words but not outraged by the ministers sophistry and dissembling then we are truly screwed.
"lets go back to where it all began" 2008 then?
there's always the magic money tree!
That woman in New York sums it up perfectly.
The PM and her chap at No 11 have not a fecking clue what thay are doing.
I'd like a little bit of what she's smoking! Maybe it might help me cope with the mess she's caused.
I blame the people who voted tories and keep voting tories this is on you
King Charles will just have to open his piggy bank and bail you out
Why leaders worry about public they live luxery life on tax payer money
To use a non technical term…….
She won't cut public services??? Of course she'll push "more efficiency" which is code for cuts.
But let's be real; she is going to do what the ERG want her to do.
so caps on renewables but not oil and gas? did I understand correctly?
This woman is a genius. What a light weight. WEF lackey.
That was planned. Krishnan set her up with a beautiful aly oop and she dunked that LeBron. I wouldn't be adverse to that kinda of reporting.
no sound?
Shell supported her election campaign.
All her energy policies should be seen in the light of this 'payback'.
Therefore: no public information on saving energy, no targets, eg 5% reduction, no money for insulating homes, no requirement for office and commercial managers to switch off lights, restrictions on photovoltaic arrays on certain categories of agricultural land, reversing the ban on fracking...
But has she agreed to keep current spending up with rates of inflation? The art of cutting without cutting🥋👆🌝
Sound?
Her face when Jacob Rees-Smugg was mentioned was a picture, it should be front page on the FT.
That dread word again. Distraction.
How did we ever end up with this ol’ slapper?
did that minister for commerce just say look this fire storm we started last week isn't that bad, becuse we're in the middle of a sh!t storm we made 3 weeks ago..
Just borrow what you need from the Royal Family they're worth trillions they didn't tell you?
They aren’t worth trillions, you’ll get $20 on your tax return, that’ll get you dinner not really helpful in the long term.
Bold of her to assume there’s any public spending in the first.
Does inefficient liztruss going to go back on another promise to UK citizens like exemption on taxes?
It's like someone having the bits but can't manage to make them work...😂🤣😂
YOU cannot cut what has already been Cut by 13years of Tory cutting when there is so LITTLE left to cut.
Nothing like a robust debate
They also promised to give the NHS £350,000,000 a week and then didn't.
poor england, just goes from bad to worse. such a hard downward fall.
Tate will save us
Public spending already has a decade of cuts. There is no credit to be had in this.
anyone else getting amber heard vibes with all this pledging
Surely the instigator of the 'mini budget' must have known it would result in turmoil?
she needs to go, that's it.
Always got plenty of money for warmongering though.
You can cut by not actually reducing. Inflation has to be taken into account.
That will change by the end of the week
Where is Sunak?
Laughing, and telling the Conservative membership, "I told you so!"😀
She wants to get back to Leeds and live a normal northern life. Wake her up a bit
Yeah. Not for the next two years eh, Liz 😉
When you think you've reached the bottom, these two come along.
Out of depth….
Notice there is no discussion of real terms inflation adjusted growth or contraction. Tax allowances etc are not being adjusted for inflation. That is a stealth tax increase.
6 months at most
I wish this turkey would stop popping up on my feed. I hope she stays in the job, it's hilarious stuff but the only thing worse than looking at her is listening to her
I don’t Truss Liz 🤡
The title is misleading...
Listen carefully to actually what was said, weasel words...
In response to Starmers question , is she PLANNING, ... slight but important difference,
Also, if a statement we all clearly heard later needs clarification, then the original statement was either false and/or misleading,
If she pledges this then my guess is that she will do the opposite...
Spend the money badly and due to that; have to cut spending...
I'm calling it.
Screenshot this for when the inevitable cuts are announced.
Doesn't add up
She is upsetting the establishment ! Making the pond slime wriggle. Great job ! SHE MUST BE RIGHT !
I hope that's right but I fear she's just a doofus.
Sounds like something Trump would say.
We need to scrap the NHS, if Liz can get that ball rolling, then i'm fully behind her.