Mini-budget: Liz Truss takes 'huge political risk' in borrowing spree
HTML-код
- Опубликовано: 22 сен 2022
- Sky's Beth Rigby reflects on Liz Truss's mini-budget which has made many MPs nervous - including those within her own party.
#skynews #uk
SUBSCRIBE to our RUclips channel for more videos: / skynews
Follow us on Twitter: / skynews
Like us on Facebook: / skynews
Follow us on Instagram: / skynews
Follow us on TikTok: / skynews
For more content go to news.sky.com and download our apps:
Apple: itunes.apple.com/gb/app/sky-n...
Android play.google.com/store/apps/de...
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí ruclips.net/channel/skyne...
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: / @skynewsaufdeutsch6058
To enquire about licensing Sky News content, you can find more information here: news.sky.com/info/library-sales 
Развлечения
![[TF2] How to Trolldier: The Hybrid Gardener](http://i.ytimg.com/vi/r6M6bSu9UMY/mqdefault.jpg)
The contempt for everyday British citizens is truly shocking.
It isn't though, this is the Conservative party they have utter contempt for anyone who isn't rich. The shocking thing is how many despicable people vote for them
Contempt for everyone living in the UK, not just British citizens (unless they're super rich)! Absolutely embarrassing
@@kimsanghyuk97 I agree.
Gordon Brown of Labour was lower class and was never away from the Queen, boasted of seeing her every week when he was a Prime Minister. He's not boasting about seeing Gillian Duffy every week, I mean Labour are upstarts.
@@keplermission4947 He may on apperance have courted both sides but I think he found a middle ground. We can all prosper with acceptable balance. The GD thing was more about a difference of ideology than a contempt for everyday people . The Tories use predudice to win votes and its been successful but they are not for us.
What happened to labours debt of 300bn in 2006 being totally unacceptable?
We are now heading for 2300bn !
Yep and all kept by the rich while we pay. I am not having it I will come off PAYE and go back to cash for good screw these idiots I suggest we all do the same and I will not be using banks either. We need to drain the system of the money to pay for this they can then go to the rich who benefit and get them to pay for their loan.
Liz Truss has thrown Britain and 99% of Britons under the bus. Crushing.
Another article made the point that Liz is acting as if she has a mandate when she does not!
Yes indeed thatcher would be turning in her grave to see the muppets in control
she is obviously risking our lives, not hers
She is throwing 99% of taxpayers under the bus.
@@timdyer5903 point me towards one tory that cares about the people
@@femazik John Major but barely. The current batch of parasites, no chance.
*SHOUTS IN THE TROUGH* for the final grotesque feeding frenzy as they know they have ZERO chance at the next election - time to give as much money as they can to them and their friends as quickly as they can...
It's the workers who vote it's the workers that keep the country moving, if it wasn't for working class they wouldn't have anything, the working class feed the zookeepers it should be the other way round.
Insanity. Absolute insanity.
This is a cruel, morally corrupt, betrayal. They've betrayed us. We should never forgive this
Regards to Xi Jing Ping.
Because they lowered citizens tax?
@@alaska3300 they only lowered tax for the millionaires. 99% of the population have to pay for this. The pound sank, inflation goes up, and the pennies in NI savings that most of the population got won't cover. National debt disaster.
@@timdyer5903 Millionaires as in Corporations?
@@timdyer5903 Trump lowered tax similar on Corporations but he knew what he was doing. The economy took off and everyone did very well. People could buy new homes take vacations etc.
She's just sealed her own fate
🤞
Why she sealed her own fate then?
@@kevindare3113 I think she's done the exact opposite ! a conservative government actually introducing conservative policies ! something BJ and Sunak had forgotten which party they were in !
@@Colin623 Truss made it worse
@mona e Idiot.
Mini budget for the rich. Everyone will be dead at this rate
ruclips.net/video/owI7DOeO_yg/видео.html
All going to plan
This is the basic definition of insanity, and cruelty.
Truss promised Shock And Awe yet delivered Mock The Poor
Leveling up didn't happen but maybe burning down will do.
Men are divorced for gambling like this. It is pure insanity! Even if it does ecentually work it's still insane!
If it works it would not be insane.
But it won't work.
Essentially
Eventually?
"eventually", apologies, have a sticky keyboard. Cheeky sods!
Lost £500 this month due to tax and only make £20k a year. No point in working.
Don't see how?I'm on the same and I lost 158 through tax?
RIP UK economy. Bring back the classical Liberal Party for actual fiscal prudence.
UK is currently trading similar to an emerging market economy it is unusual for a developed economy to weaken at the same time as yields jumped to the highest point in over 35 years
We're now a submerging market economy.
A rise in bond yields typically indicates that an economy has been struggling. Whenever theres a recession in the US, bond yields rise first.
support Liz Truss..she is a great leader ...!!
@@167mm167 Yeah, a great leader for enemies of Britain.
@@BigBoiiLeem Quite the opposite for the US. Their interest rates were below inflation during 2008 because theres no chance of default so its still safer than other investments. It actually makes no sense that UK bond interest has gone up since it too is in no risk of default. Its quite bizarre.
Really a question of how much of that borrowed money can work it's way into her pockets and those of her owners.
No N. B N. B. B. B. I was
support Liz Truss..she is a great leader ...!!
Yes! I bet that is her motive!
@@lucykelly7152 I think that is half of it. I think they also know they will lose the next election, and want to sabotage the nation and the economy as much as possible to make things more difficult for their replacement.
That is certainly the way the GOP operates in the US
"Let them eat cake!" .. turned out well in France.
Viva la revolution, we ned it here now.
The media are going so ridiculously easy on them. I wonder why???
Maybe because all of them are conservative????
A nation sensitive after the queens passing - looks like her weekly meets with the pm might have yielded some common sense - a massive dramatic self sabotaging move - as soon as the mentor has moved on
Billionaire owners and most news reporters will benefit also they make 100k plus.
Massive tax cuts for the wealthiest? She should come to the US as a Republican. The GQP loves that kind of legislation in Trumpland.
Cry more mate. Trump will be back 💪
@@dislikebutton8112 Farage to become UK PM!!!!
And how has prices on EVERY FUC*KING thing been since Trump had the election stolen?
It works well too.
They're obsessed with growth, that's all that matters to them, numbers on a spreadsheet. When do they ever actually do anything useful with their money? Anything that benefits people's lives? All they do is serve their own interests while making our lives harder.
No, they're obsessed with transferring wealth from the middle class to corporations, hedge-funds, banks and Tory donors. This government is nothing more than a gang of thieves and they will destroy this country in short order.
That's the thing though - it shrinks the overall economy because most of that money will be sent to offshore accounts or other countries. The only growth they are obsessed with is growing their donours bank accounts if it means wrecking the economy as a whole.
Eloquently put.
And far more polite than i would care to be.
The countries doing the complete opposite of growing aswell lmao has been for awhile..
@@johnnypatterson7512 no the British people ruined their own country’s economics by leaving the EU
Biggest tax cuts for 50year's yet we are paying the highest taxes for 70 year's.A penny in April for most won't wash I'm afraid.
Goodbye lizzy, goodbye conservatives.
🤞
amen to that
slinger.....Believe that at your peril !
The working class people will turn on them they have shown their true colours, no more turning red lines into blue .
The projected growth in the economy from the tax cuts will not generate any further growth.
i) Growth of an economy requires productivity.
ii) Productivity require lower energy costs, innovation, investment and good working conditions for worker moral.
Doomed to failure for those in the real world. Instead it just create further higher inflation, stagnation, resentment and industrial disputes.
Growth requires more customer spending to consume what’s created.
The Tories are making ours poorer, and trade with 450 EU consumers more expensive and difficult.,
It’s a con.
This budget has got nothing to do with Putins illegal war.
Growth start with productivity! 👍
@@Buppasiri1 . The UK has been growing by creating more and more coffee shops!
It generates more growth in the very rich's banks accounts and kills what remains of ours.
It's not a borrowing spree it's a spending spree lol.
Rich getting richer. That's it.
This is not about saving the UK economy .Its about saving the conservatives .
Surely this plays into Labour´s hands. If the economy does not recover and if there is carnage through the winter months the Tories might not even make it to the next general election.
They aren't conservatives really. They're just a different kind of leftist.
This will kill the conservatives this is about greed pure and simple.
Roll on 2024 when we won’t have to put up with the Tories anymore
Tax the Oil companies and bankers!
can someone get here out of there asap can't believe this was the best UK could offer
Possibly the worst, most confusing budget in my lifetime since I started on Fleet Street in 1984
I am no fan of Thatcher but at least she knew what she was doing!
This is a billionaires budget pure and simple paid for by every bugger else. This will make the majority worse off and the top 3 maybe 4 percent far better off.
This is gonna fail spectacularly
This is great they're wrecking everything! Popcorn time!!!
Awesome help the rich who are already benefiting from everyone else's struggle
How do rich people benifit from other people struggling? Rich people profit when others are rich too, as more consumption leads to more profits. When people get poorer, no-one benefits in teg long term.
@@henkhenk7467 because if everyone is rich there is nobody to serve them. Keeping people poor also maintains a hierarchy.
@@Si1234321 No because richer people means better resources for education and innovation and thus for mechanization. Many tasks performed by the poor a century ago, like plowing fields have now been mechanized by tractors. Or instead of spending hours washing clothes, we now have washing machines. Mechanization and later robotization beats cheap labor in the long term.
Poker face LIZ , no compassion and no heart, just full of her own importance, knew she would be bad news.
Self importance yes. Cannot watch on. It’s awful
She is just a different clown in the same circus
Oh my golly gosh, im super surprised that the Torries just helped make the rich richer, hmm, its not like thats ever been done before, while the poor and average joe gets kicked face down in the mud
Utter stupidity. It’s no gamble, it can’t win. Borrowing money to cut tax for the rich and business is just plain madness. The markets have spoken.
The markets have spoken within a few hours? The plan for this is to encourage growth and investment over the next 2 years, it’ll take time to see what happens.
When I was in UK. I saw empty boarded up streets under a constant grey sky, litter everywhere.
Homeless people sleeping in doorways. Opioid addicts out of their mind and women so drunk they urinated on the streets. It's a sad declined country
That is due to the life they have ben forced in to the past 12 years by tory government we need them out they are killing our people and making millions poor.
Under Boris who is GONE now…
"The Party Of Fiscal Responsibility." CORRUPT CONMEN.
In the real world I was in a supermarket today and the price of cheese increased from £4.00 to £4.50. It used to £3.50 only a month or two ago.
I purchased 2 cheeses today to save the £1.00 increase in the next few weeks as the huge inflationary spurt increase in October takes its toll due to the Supermarket energy bills rising at the hyperinflationary rate of 300-700%. BBE for the cheese was until January 2023.
Nonsense ....cheese , pasta , tinned food , bread , milk ...not gone up much at all .....rib eye beef and lamb has jumped up ..but then meat farmers have higher costs to cover
Stop shopping at marksies and got to lidl or aldi
@@martinmanifold2241 It has here in Northern Ireland. Well I don't know about pasta but cheese, butter, bread have all jumped. Cat food is another big climber £3 dearer for the one I buy. Even vitamins, the one I get has gone up by £1 in two weeks.
@@kerryquinn6218 i buy 12 kg bags of harringtons dog food ...they were always £24 in tesco..but were always on offer every other week for £21 or £22 ...i always expected to pay £24 but was chuffed saving a couple of on just one product ... B+M Sell the 10 kg bag and its works out cheaper to go to B +M for cheaper £ per kg When tescos dont have an offer on ..... check on your phone who has your favourite and regular buys at the cheapest prices and plan your trip . I got lazy and just shopped in one shop every week ....now im doing what my dad used to do in the 1970s when we had way less disposable income than we have today ...i shop in 2 or 3 different shops to save £20 a week on a shop ..
@@kerryquinn6218 petrol is 149.9 in liverpool ... bargain
BIG money for the RICH PEANUTS for the POOR SHOCKING
Why was Crispin Odey allowed to short UK bonds?
The country is well and truly screwed now
Get them out … there dangerous unleashed and clearly no nothing at all about the economy
#bringborisback
Why would people be angry that their taxes are being reduced?
It's nothing more than #KamiKwasiEconomics
I am really not sure she is up to this job .....
As soon as he announced the pound fell like crazy. Soon euro, pound and dollar will be same.
that guy is cheeky
Kwasi Kwarteng ! I always thought that was a jiu-jitsu move ?
Yes.
UK Better make use of these loan years
Looking after their own, while the slaughter on the poor, poorest of society gets into gear.😔
Never mind the political risk, why doesn’t one journalist do their job and ask what happens to the country and it’s people if this risk fails?!!! We don’t care about careers, we care about our financial future.
Where’s Larry the cat?? The only politician I want to see
True Dat!
the cat left with boris.
The cat got evicted and now visits cat banks for tinned whiskas
Can’t help thinking increasing housing targets by government to local authorities would have been better than increasing the stamp duty allowance. It just throws fuel on an already out of control market. We still have a housing shortage in this country. We have done since early 2000’s when Labour imposed a housing moratorium driving house prices through the roof. Increasing housing numbers and the affordable housing provision would help calm the housing market. This is just going to increase inflation and house prices further. Land for housing is drying up, land values and house prices will continue to rocket. Why increase the interest rate when we need to get building! The population is growing but we aren’t building enough houses and industry to support it. Madness.
The stamp duty rules had been in place since 2014.
Back then, the average property price in the U.K. was £189,000.
The current average U.K. property price today is £273,000.
They needed to be updated to keep up with the property market.
He looks very very nervous
All leaders are great, it's the followers who are stupid!
About time a new government came through.
New? When was it elected?
Insane ....
NHS Strikes coming November 😉
Civil unrest also and I for one welcome it we need to get these out.
We're so screwed.. Stopping stamp duty will only drive up inflation. Your encouraging spending
The wealthy store and invest their wealth.
The lower income earners spend most of the earnings on goods and services to stimulate the economy.
@J Stone ah nice to see someone's watching and listening. In the UK the government keeping people poor is in the government's interests. Imagine if none of us were struggling... The establishment would be fucked.
Lol spending wealth leads to ecconomic growth not saving it. 😂
If working people have the money in their pockets they spend it boosting businesses.
If wealthy have it rotting in a bank it does nothing. They have to print more money to put into the system which devalues the pound.
What your saying is ecconomic illiteracy.
What most people do not seem to understand is that by making the economy grow and bigger, the so called cake gets bigger and the tax base gets bigger to pay for the borrowing. It is a basic principle that most companies use, they borrow money to increase the size of the company and then pay back the loan from the extra profit. This makes the company stronger and the jobs of the workers more stable.
Yes if invested right but this is a tax cut for the small minority of the wealthy they are not the ones that maintain growth that is the rest of us and guess what we are skint now this makes us more so this will tank the economy and the pound and just push many more in to destitution. This is sickening.
45%*
A risk who gave her permission to take /
If Labour can't capitalise on this then we may as well just pack up and go home.
The party has lost any vision. Can't expect much from Mr Starmer.
Labour have been consistently 10% up in the polls for a while now. What more can they do?
@@christopherblackburn6811 They should have more. They might stand for something, but certainly don't know how to communicate it. Frankly, Boris for them was a blessing. But recent elections show they aren't as far ahead as people seem. It will end probably with a small maj or a hung parliament at worst. But I just don't think Mr. Starmer has the political tact of Blair.
@@avtar1699 I heard the same about Blair in 1995 so who knows. However Starmer isn’t Blair so he will have to do things differently. This country is facing many problems quite a few of which the government has at least made worst with its policy seesaw. So maybe bland consistent competence will become an electoral asset.
@@christopherblackburn6811 100% agree with the chaos the last 4 tory PMs have unleashed on the UK. Though Starmer is not a Blair for sure. He does face, unique challenges that I believe make the Torys in the long run set up for electoral success: 1) Due to the destruction of Scottish Labour 2) I very much doubt England would forgive Labour for a coalition with the SNP. Amongst other problems, the Scottish Question is going to be a headache for anyone in Downing Sreet. I would consider myself centre-left but I will doubt I will see a return to the New Labour era under Blair.
What a load of tosh! All they’ve done is borrowed to the max 16 billion for what? It will last six months? And then what? Another 16 billion? It’s just sticking plaster on a bad wound
They should not last.
Surely borrowing now will devalue the pound.??? That will increase prices.
The pound tanked yesterday and still falling.
So at 0:47 did he say that employers no longer have to pay into their employees insurance (pension) funds? Wow!!!!!! He has just destroyed working people right there. And he says he is scrapping caps on bankers because we need banks and bankers in London. How will all these banks help the people. I am beginning to see why people might want Boris back!
So fed up of hearing the mantra "This is a new era " every time some new cabinet minister or prime minister comes into office wanting to make their mark, especially when they are all from the same party! The next new era will be an IMF bailout at this rate!
Europe and UK became difficult times ⏲.
Nah nah nah nah nah nah nah nah nah
We're completely f*cked
Completely f*cked
We're completely f****cked
Within 12 months, I am pretty sure the pound is going to tank. I'd say equal to, possibly less than the Euro.
These new tax levels are the exact opposite of what society as a whole needs now. Are the Tories still living in a dream world where 'trickle down' economics works? I think we all know this is not the case.
Trickle down in reality means billionaires creating low paid jobs to enhance their own wealth, which is often not taxed to the rates they should be.
"Wool" and "Eyes" are two words which come to mind.
It already has
Giving money back to taxpayers. Where is the scandal? They should lower them more! 🇬🇧
Cut taxes, borrow more in a downturn economy. I wonder what will go wrong 🤔🤔🤔
banks fail = get bailed out again
I feel sorry for future generations who have to pay for this incompetent government 😕
Oh dear, looks like Liz and her ‘pals’ have messed up big time!
This is mind blowingly stupid. As bad as Thatcher’s policies were, at least she didn’t borrow to screw over the poor. She believed in a balanced budget. I am afraid for the UK.
Growth isn't from tax, growth is from growth, this is the right call. Remember income tax was ment to be a temporary measure
Haha yeah and the pound nose diving during his announcement just proves your point doesn’t it . Idiot
But borrowing money to make tax cuts...🤯🤯🤯
She said she was prepared to be unpopular, well today is your starter for ten. Make the ric richer and the poor poorer. That's the tories,nothing new to offer just the same old song
Can anyone explain to me what this is actually doing and what affect it will have in the long term?
It'll create growth which leads to more investment, more investment leads to more jobs, more jobs leads to more people having their own money instead of claiming benefits snd it also means more people paying tax which gives more money back to councils to do things like fill potholes etc.
New era? We are 12 years into the Torys.
Todavía más bajos deberían ser los impuestos, pero es un buen inicio.
We need another Lee Harvey Oswald
Maybe those welloffs would make a turnaround to the dire straits. Good luck.
Invest in production?
Almost as inept as Penny Wong
She’s not abolishing the tax cuts, she’s trying to get rid of the poor
he is not trying to get rid of the poor she is about to make 10 millions more people sink in to that hole more than likely more than that.
GET THEM OUT
Is a mini-budget like a mini-muffin? Maybe a few of the bankers crumbs might trickle down.
Wow
Unbelievable
Trickle down economics.
Crumbs of the table, for the working public if we're lucky
Thatcher did it with Ronald Regan and Alan Greenspan, and it never worked apart from rich getting richer.
There is no point in working we may as well send a message and we all just stop they get no taxes that way and the filthy rich who own all the businesses will panic and lose their businesses. At this rate work would not even be worth it working for what to get more in debt pointless.
This is why most backbenchers didn't want Liz as PM
Bring back Georgie Osbourne!
That risk is at the expense of the tax payer. Ridiculous.
Banks win again.
government borrowing rate just went up to 5 percent, pound is all-time low...we have 2 amateurs running government
With only two years to a General Election she had little choice than to present her Government as new, radical and try to get some economic growth. If they'd done little they would lose the next election, so they might as well (from their point of view) go big. And of course if they lose the debt problems are the problems for the next Government who will have to increase taxes . . .
What risk is she taking? She's going to be out in the next election ..
Let me make this obvious,Liz Truss looks like she's on tranquillisers when she's sitting in parliament ,either that or she's not sleeping because she's got something on her mind .
She needs to realise that a general election is inevitable unless she wakes up and smells the coffee ('which at this present time due to the cost of living , people can't afford) 😞
"Something for the rest of us"... noh
Your salaries will be cancelled.