Liz Truss Takes Over Britain: What Now?
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- Опубликовано: 5 сен 2022
- Truss Issues Podcast
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Lis Truss is taking over as Britain's Prime Minister. What happens now though? What does Truss believe in, what does she have planned, and how does she differ from her predecessor, Boris Johnson?
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Each subsequent prime minister makes me miss the last. How the hell does this keep happening?
📉🤷♂️
Do you really think anyone will miss the BoJo???
1 party democracy doesnt quite work
It works because the British people put up with it. We always have.
They aim to be just like the last, but fall short.
It's a downward slope.
They need to look elsewhere for inspiration or the bar continuously falls
Am I the only one who laughed when it took 5 seconds for people to give a half hearted clap for Boris at 1:47 ?
Nope 🤣🤣🤣
They were probably waiting to see if she was finished. Seems polite to me.
lol
@@Walker956 A good public speaker leaves no doubt in their audience. She is awful with a prewritten speech. Just wait until she has to answer question or debate. Dim Lizzy Truss in action!
No.
The UK right now: hello darkness my old friend
It's been like that for a while
Italy has joined the chant. Thank you, politicians!
It's cheaper to live in the dark anyway
@@liul First they blamed Covid, now they are blaming Putin, even though energy prices were rising BEFORE the war and correct me if I am wrong but electricity has gone up higher than gas and Putin does not supply our electricity does he.
Dodgy government, the lot of them and Truss isn't even clever enough to hide what she is doing. This country should stand together and get rid of the Conservative party altogether.
*I totally underestimated Liz Truss. I did say that she would trash the economy in six months. Wow she has done it in a week!*
*She makes Boris look good.*
Seems like the UK got out of the frying pan and into the fire.
The amount they can chuck out on foreigners and hotels she do like EU give free ch/hw to poorest
As a European, I have to say that the UK never fails to entertain me.
@@bomschhofmann1644 how's that russian gas going? Another conceited attempt at superiority over how green you are and another fall flat on your face.
@@bomschhofmann1644 meanwhile European farmers are being abused by big government
@@bomschhofmann1644 It's not entertaining to be here
"You were admired from Kiev to Carlisle"- so on the plus side she accepts that Scotland held no admiration for Boris
She still can't pronounce Kiev right.
She was a foreign affairs secretary.
Same can be said for England and sturgeon 🤷♂️ swings and roundabouts
@@MickeyFKNMouse Except Sturgeon isn't the PM for England, so slightly different
@@walk-york Neither is Johnson.
@@MickeyFKNMouse yeah I debated to myself for a while whether to use the past of present tense, but since Sturgeon is still FM and she was the subject for the sentence I use "isn't".
She's taking her interview cues from watching US senators.
The objective is to never let the interviewer ask you any follow-up, just keep talking and you win the conversation.
Yes it’s called getting ur point across u let people finish making their point before u interrupt them
Do interviewers even ask questions anymore? Most seem to make statements in my experience.
Liz Truss Takes Over Britain: What Now?
Despair..
... Damn right... *Troll Despair*
Such negativity
@@anonomous8719 You only have to listen to her campaign speeches to hear that she doesn't represent the electorate. Talking about how "profit" isn't a dirty word, specifically in relation to the energy companies exploiting the war at the expense of British public to make many times what they did in previous years.
She won't make any meaningful change for working class people. She's incapable of doing that because she's an ideologue who thinks personal responsibility and gutting public services will somehow get us out of this mess.
They have every right to be negative.
What now?
The show goes on, same party
@@Jmcinally94 so ‘loss’ is more exciting to hear than ‘profit’? She’s providing tax cuts for everyone. Give her a chance.
Remember when we thought Theresa May was bad? Ah memories...
She was, not even a social conservative, only economically.
She was awful, she was potentially even less conservative than Boris which is saying something.
@@dylanmurphy9389 probably why she's even the only not bad leader we have had since 2016.
@@Infinitystar225 social conservatism is popular in UK, we are a traditional country. The working class who voted for them are like this but most of us reject conservative economics.
As PM? Meh, she was held back by the wolves “supporting” her. As Home Secretary, yikes 😬
we've scraped the bottom of the barrel so much, we've completely destroyed it and are now digging in the mud of tory candidates
And the barrel is placed over thatcher's grave...😱
The barrel must be "woke" that's why it has a bottom!!
Truss's economic policy represents an intellectual 180 degree U turn on the part of the Conservative party. From 2010 to 2016 the party told us that there was no alternative to Austerity. We were told it was vital to reduce the deficit. Now we're being told that we can let the deficit expand to finance tax cuts. When it was pointed out that the interest rates were at record lows in 2010 to 16 and the country could borrow more cheaply this was dismissed. Now with higher interest rates we are being told we can take on extra debt to finance tax cuts. This is wildly inconsistent.
"Austerity" = Public sector > 40% of GDP. Every year.
1997 - 07 = Public sector < 40% GDP. Every year.
@joebear80 She has old links to the energy industry.
I mean if you understand the economic policies of small c conservatives, you wouldn't be all that surprised. Spending cuts and tax cuts are the main pillars of that ideology.
How can you vote for party and then the party changes so much…..
This alone is enough for a general election
how the hell did the UK manage to get a PM worse than boris? this is insane
Anything can happen when our leader is chosen for us
Maybe if you pull at her scalp, she'll turn out to be Trump in disguise like in the Scooby Doo reveals? 🤔
"How the hell" do you know the new PM is worse than Boris? Truss hasn't even started the job yet. Explain your statement.
She's parroting the trickle down economics b******* which everybody in the world know at this point doesn't work and she's not generally going to help out the people in most need in Britain.
She will lose when it comes up again.
Damn, best luck to all you Brits from Poland, we sure know how it is to have madmen in government 🇵🇱
Or when your neighbour has madmen in government.
It doesn’t really matter, most European leaders are members of the WEF regardless of their political alignment
Best of luck from the U.S.
We might have an idea too...
Except this one is a psychobitch. We need more suki in politics!
Best of luck from Italy, we are about to have similar :(
It seems odd to me that a democratic country could exchange the PM and the entire government without early elections. And stranger even, a mere 81,000 people were able to pick the next leader of a country with a population of 67 million.
Technically speaking the prime minister is chosen by Parliament (i.e. a couple of hundred people) supposedly without any input from the people. Thus Parliament has the right to vote out one PM and pick a new one whenever they please without having an election first, because they represent the people. However: Over the 20th century MPs started to represent their party more than they represented the people in their district and general elections turned into plebiscites about which party should rule and who should be PM.
Its probably based on the US way of running politics. Just like the USA people cant pick the president but it is done internally with the electoral college. At least the UK gives the vote to a small group of people which is a small upgrade but yea still sucks.
Your mistake is believing the UK to be a democracy.
@@Larsino2000 the us way is based off of our way
The law states you vote for which party should lead your constituency and the party that has the majority of seats puts forward a Prime Minister to lead the government.
Badly informed sofa slobs who think you vote for the Prime Minister by choosing "Labour" on your ballot are wrong.
This system is entirely democratic, you have the option to vote for whomever you want in the election, or stand yourself, you can join any of the political parties you please.
When people have already voted in one party for 5 years, why should the leader of that party stepping down 2 years later immediately invalidate that result?
Also saying only 81,000 people decided is wrong, that's like saying only 18 million people decided the general election "hurr durr that's not democratic" no there were more people deciding it, that was just the largest portion of people agreeing. Which is democracy. Inherently flawed in its own way, but democracy nonetheless. It prevents it being whomever is the strongest or most violent having their way.
We're doomed.
Yep, Well and truly doomed. I just hope that this causes a seismic shift in the political landscape. As the saying goes, 'Labour and Conservatives are two cheeks of the same backside'.
For now...
@@SpartanJoe193 Climate change is still inevitable.
@@ajama1335 Maybe, but at least labour would have helped the poor areas which so desperately need help more than any other group.
@@SevenEllen Oh yeah. Still' I'm willing to bet my whole pension that nothing will be done about it.
Her tax policy is getting closer and closer to what Turkey is doing. All she needs to change is not just keeping interest rates the same, but to lower them. RIP the GBP.
Edit: a reply mentioned Argentina, which I think is a much more apt comparison than Turkey.
Thankfully the BoE is independent, at least for now. Truss' tax cuts and increased government spending will cause even higher inflation and the BoE will have no choice but to raise the rates significantly. I would not be surprised with the BoE raising rates to over 10% in the near future.
The GBP can by tied to the Turkish Lira. That'll fix it!
@@Seppana I'll offer you odds on that. 5/1 doesn't reach 8%.
What are you on about? Turkey is being run according to muslim theocratic economic policy, this is the strawman of all strawmen. You don't understand what she's doing nor what turkeys doing nor why it's not working there. Her policies will likely increase inflation, since inflation is actually the market catching up with the supply of currency, thus taxing money and destroying it, paying off loans (since banks can create money to loan then destroy it when it returns) and other ways or reducing the monetary supply will reduce inflation or even cause deflation.
So she will increase interest, but it's not like the government ever destroys money when it does tax, it just redistributes it in ways that have varying success rates, and they're not going to stop borrowing because stopping borrowing requires offering less free/subsidized services than previously and we don't have the foresight to weather the hardships of a shrinking/privatizing health system, the social upheaval of more people needing jobs because the doll is reduced etc etc, since if they do that people will vote labour. So the only solution is try to grow faster than we're printing, reduce tax so people can feel the freedom that comes with it, hopefully driving spending/growth so there is more revenue to tax over all, then once things stabilize reassess the situation.
@@Seppana but government handouts that commies keep asking for do cause higher inflation 😂
First Brexit, then Bojo, then Liz truss. Common cense dictates that you stop pulling the trigger, when the gun is aimed at your own foot.
Common sense? What is this "common sense " that you are talking about?
Whenever common sense becomes rare, people will be reminded why it used to be common.
@@NLTops Well, it seems to me that it is not as common as people seem to think that it is.
But how will I know how many bullets are in the gun if I don't keep pulling the trigger?
@@bazzfromthebackground3696 By counting how many you are putting in the gun while loading it?
Truss is a fan of “trickle down” economics? Britain’s in for a rough ride.
Because that hasn't been shown to work?
Everyone's living standards in the UK aren't higher than someone at that percentile 100 years ago, 50, 25? 300 pre capitalism?
Odd that rich peoples and big business taxes never trickle down.
In fact they generally get away with paying less than normal folk.
Trickle up...again.
Thanks tories.
@@danielwebb8402 We the US have already seen it doesn't work. Cutting taxes simply increases the debt, which sucks up a goodly percentage of govt spending when interest rates rise. A third of our national debt has been attributed to the Bush tax cuts.
It will guarantee a labour win at the next General election if she goes down that road.
@@danielwebb8402 that was largely down to laws setting minimum wages, and later, the living wage, cheaper food, etc.
"Growing the economy benefits everybody" - someone whose party has always been complete ass at growing the economy.
And she wants to cut the civil service! After Brexit! No hope of the UK ever doing those inbound goods checks on stuff from the EU, then. That's going to irritate some of the UK's trade partners.
Sounds like Reagan's 'trickle down economics.' (i.e. The rich get richer.)
@@marquamfurniture trickle down economics is not a real economic theory. It’s literally not a thing. NO economist HAS EVER proposed ANYTHING like that in history. It’s a strawman.
@@marquamfurniture Amen John!
Cutting tax for the richest NEVER. GROWS. AN. ECONOMY.
It has never worked in any country that has tried it. The opposite happened.
The only thing it does is make the rich richer and the poor poorer.
That's Truss.
@@charlotteinnocent8752 how des cutting taxes make the poor poorer
@@wanderingthewastes6159 Wrong, Trickle-down economics. Ronald Reagan's economic policies, dubbed "Reaganomics", included large tax cuts and were characterized as trickle-down economics. Trickle-down economics is a theory that claims benefits for the wealthy trickle down to everyone else.
In 1981, Ronald Reagan took charge; he came up with Reaganomics -a unique four-point economic plan. The idea was to control stagflation by bringing down tax rates, relaxing government regulations over businesses, and curtailing government spending. In hindsight, Reagan’s trickle-down effect failed. The tax savings offered to the rich did not lead to job creation. The savings were accumulated, and the rich became richer. The policies created a wide divide between the wealthy and economically challenged sections of the US.
Liz Truss: *Gets Elected*
Elizabeth II: *Welp, see ya!* (Disappears)
Cutting tax for the richest NEVER. GROWS. AN. ECONOMY.
It has never worked in any country that has tried it. The opposite happened.
The only thing it does is make the rich richer and the poor poorer.
That's Truss.
South Korea. Cutting tax for the rich turned an agrarian state into a supermodern center of technology, culture and finance. Yes, the inequality deepened drastically, but your point was about the economic growth - that's the example
Sounds like we're getting Reaganomics and some pocket money this winter. Great.
Sounds like you'd need Katie Porter and her whiteboard. If you don't know who she is, she's a US representative and she's famous for confronting CEOs and others by doing math on a whiteboard to prove how unfair things are. At one point she asked someone to explain how to live off of... X dollars and he couldn't. She was like: ok, let's do the math, review the numbers, how much bills cost, rent, everything, explain how a regular person is supposed to live off of that. That's her approach.
@@octavianpopescu4776 Every country needs alot more people like her but honestly thats mostly a pipe dream
taxing less and spending more has been debunked countless times tho
@@DarthOpinion In the real world yes. Not in the fantasy world which Tory politicians and their constituents inhabit.
@@DarthOpinion It's a Conservative Favourite that doesn't work been proved countless times but they have to look after their donors
We all start praying to God for mercy
You didn't start praying for mercy when Johnson took office?
@@MrAranton I didn’t think it could get any worse
Truss will be so bad that even the Atheists will begin praying
@@Pyxlean ordering a prayer mat as we speak mate
"Liz Truss Takes Over Britain: What Now?"
Chaos. Utter chaos.
And harm.
In Denmark, there is an old saying that if you let your population starve over the winter, your population will find a new leader
@Lenvap Lol, people in UK can only dream of having the same standards of living like in Denmark. Which has a much higher GDP per capita and better social standards than UK leaving the average person / working class people much wealthier.
@@lenvap8584 saying you don't like people who don't look like you would make it easier.
The Danish left learned how to be racist to win. Labour party haven't caught up yet
Congratulations to the Conservatives! It's truly incredible to see how, regardless of the political/economical situation, they keep scraping the bottom of the barrel to find the latest inept ignorant to be PM.
Just when everyone thinks "this can't get any worse", they always manage to surprise us. Good luck to us, everyone. We're going to need it.
Could be worse. At least Trump doesn't live in the UK.
@@E3ECO Mate, we WISH he lived here. Anything rather than the limp-wristed talking heads we currently have.
@@ShasOKais117 it seems like noone wants to be pm in UK , to messy?
There were much better options than Sunak and Truss on the leadership contest (e.g. Tom Tugendhat and Sajid Javid), but the Tory membership normally takes the view that competence is a woke thing and must therefore be avoided at all costs.
Still. Bet they can eat a bacon sandwich. Thank god the UK gammons use that as a yardstick, otherwise we'd have chaos, hey?
Omg she's so good guys.
2 days later: The Queen dies...
2 years later: UK dies...
This didn't age well
Sadly, I now know where the Aussie equivalent of the Tories gets its platform from. Policy MUST be the domain of the party NOT running around in the head of some nutter selected as leader.
'Nutter' is an understatement. We are thoroughly screwed.
I’d prefer to choose who represents us worldwide
@@_____alyptic To be honest I am not sure who is following whom. The US, UK and Aus, no doubt others, went through a period of having Charismatics, at different times eg. Blair, Obama and Hawke. What now concerns me is that we in an era, at least UK and Aus of professional politicians - no real-world experience at all. Then again to get elected in the US costs a shedload of money and I'd struggle to name anyone in their Senate or Congress who is worth the effort and, when a president such as tRump can veto anything that gets up what the hell is the point?
@@jonnomonodesu Here too and we got rid of the "tories" for the party of the people (not).
@@dylanmurphy9389 Me too. Should make the UN electable and get it out of the US.
Well that aged well, didn't it! lol Good riddance to bad rubbish (again).
'low tax - high spend' sound like a great idea on paper, but in practice, the economy never catches up, the country gets into mountains of debt, and it all ends up in a parasitic cycle where many buisnisses can no longer function without subsidies and tax cuts.
@@_____alyptic Oh yeah, that is also true.
Reagan playbook
Trickle down economics have been practised by Thatcher and Regan. That hasn't done too well for us but she wants it again. Shambles
It is possible if you manage to show economic growth in the first year by say 2% to 3%
"A parasitic cycle where buisnesses can no longer function without subsidies and tax cuts", or as it's better known, the United States
Fracking pollutes natural water, on an island? just how much drinkable water will we have left, and how worse will the quality of the water get?
and causes earthquakes
IT also causes earthquakes, in places that never had them before so buildings etc are not built to take them into account.
@@kanedNunable it does… we can measure them but almost none of them can be felt. The arguments against fracking are about as valid as the arguments against nuclear power. In other words, we should do both.
@@peterfireflylund Cope more plz
You realise all the water you drink if filtered right?....assuming you're in the UK
The Tories keep giving us a worse candidate that makes you think ‘it can’t get worse’, then they deliver someone worse.
I remember thinking ‘I guess Cameron wasnt so bad’, then ‘I guess May wasnt so bad’.
Its devastating that I’ll now be thinking ‘I guess Boris wasnt so bad’ as Truss increases inequality, rolls back human rights and destroys our environment by ignoring green initiatives…. (Then blames Labour for not having Nuclear power but still not starting any).
If only other parties were permitted to win elections.
I know what you mean, but every one of those Tory bastards were just as bad as each other. It is beyond neglect what Truss is about to do to this nation, when it's at crisis point and the last thing we can afford is Tory politics (Could we ever, seeing where it's got us?!). All they've ever been about is robbing the poor, even at the point - and after - they're in poverty. POVERTY. It's time to revolt something mad. If no one throws something on fire through number 10's window I'll kick arse.
yet they remain in power over amd over again....that's a grades the citizens as well
@@motopeter2409 And that is what happens when the current generation does not bother to vote and leaves it all up to the old farts that make up the Conservative party membership.
Why call Johnson by his first name? He doesn't deserve that respect 😆
She only has to repeatedly spout two words to win the next election: TAX CUTS. People always get the government they deserve.
Yet they never realise the tax cuts are not for them.
Sad but tru
It's funny how she says cutting tax will reduce economic insecurities for people and then it turns out the poorest would only get 7 pounds more a month
@@cynicalautist1774 "the poor" get enough for doing absolutely nothing as it is, how can you encourage people to work if you don't reward them? But do reward laziness? There's a small minority who genuinely can't work, there's lots of people who are career unemployed
@@Norf.F.C.Zoomer that is pure nonsense spouted by Conservatives to justify their policy of systemic impoverishment of the British people. The amount of benefit hogs our media like to exaggerate are such a tiny minority of the poor compared to the vast majority who often have to work multiple minimal wage jobs to support their children, who will grow up in crumbling public schools starved of funding and unable to access affordable healthcare due to our governments war on public health.
She says it loud and clear: it's fair that the highest earners have the highest tax cuts!
Truss goes on saying that the highest earners have the highest taxes, which is true if you look at the numbers at a face value, but if you look what % they are paying, it is already lower than the average. So what are these rich people spending their tax cuts on? They already have bought the latest and greatest so what else is left but buying properties, reducing the number of affordable rent, buying land and building houses which they rent out at high cost, and worse: spending their money on stock buy backs that artificially increase the stock values but doesn't do anything for the economy. And of course they spend actual money on foreign holidays and sending their kids to exclusive boarding schools in Switzerland, then universities in Havard, (or at worst, Eton) which only improve other countries economy. And, of course, the extra money is useful for buying politicians like Truss, to get laws and policies that are favourable for them (like tax cuts that benefit the rich most) - I scratch your back, you scratch mine.
The rich employ the poor, not the other way around. We want to encourage enterprise and employment.
@@joeunderwood3693 Couldn't be more wrong. The rich have nothing without the poor.
@@joeunderwood3693 trickle down economics is bs and we all know it
@@joeunderwood3693 wow, some more trickle down. You’d think after trying it for so long we’d try something else. What’s the definition of insanity again?
The Rich and the politicians they own are nothing but parasites, without workers to leach off of they cannot exist, but workers can exist without them, and could even thrive. The Rich have offered nothing but pain and suffering.
Is Boris Johnson admired throughout Europe? As someone living outside of the UK I have never heard or met anyone actually admiring Boris Johnson.
he's not.
I don’t think there’s anyone I’ve met IN the uk that even remotely likes him
I admire his audacity does that count?
I mean he has the named faces like Boris . His face and hair cut suits the name Boris.
He's loved in Ukraine but not in France and Germany except by some of the right.
I just want to say that your channel and TLDR in general, is the single reason why I now have an interest in news and politics. I never ever did before. You’ve made it both engaging and simple to understand for a person who thought it would be the opposite of that.
I'm mostly critical of his bias /opinions but i appreciate the coverage as well.
This went well 😅
They were both horrible candidates, but I would have preferred Sunak to be honest.
Me too, at least he seemed a bit more competent, but his efforts would have still fallen short, and 'fallen short' isn't good enough. I'm scared of Truss. She's going to make everything much, much worse for the 99%.
Sunak was a snake in the grass. You just can't vote for someone who stabbed the previous PM in the back, at the expense of the public no less.
@@SevenEllen Hey, I believe in her! I'm confident that she can fuck up badly enough to make life worse for literally every living thing in Britain!
Can you name me an active politician who wouldn't fall short right now? The problems we're facing won't change in a 5 year term.
@@maximyles Good point man, some of these issues have been building for decades under successive conservative, coalition and labour governments and on the international stage. It can't be fixed quickly!
RIP Her Majesty, Queen Elizabeth II
Who thought we could have got any worse after Boris?
It takes a very special kind of ineptitude to achieve that!
From a Churchill wannabe with none of the grace, to a Thatcher wannabe with none of the ability
Not sure Churchill had grace.
He just got lucky there was a war on. Why do you think Johnson creamed his shorts when one of his biggest mentor/donor/supporters invaded Ukraine?
Top ten images taken moments before disaster
Right...... It seems british politics is like musical chairs.
half of me wants to believe she just said a bunch of crap to get elected by the right wingers and has no intention on actually doing any of it
(scrapping 70mph speed limit for example)
the other half of me remembers that she's a Tory, so the base level of what she can do is still terrible af.
I agree she’s got no spine and thus will bend to whatever suits her own interests, so on that note she may very well do what she states.
She won't abolish the speed limit. It's like reverting back to imperial measurements. It's populist bullshit that is only said to get elected.
Scrapping the steady limit is enevitable.
Nothing to do with her.
Increasing/scrapping the motorway speed limit is about the only thing she's said that makes sense.
I hope she deals with the woke police and actually gets them to do their job rather than harassing people over mean tweets
Annnd she's out
Male or female, tory, Labour or anything else. None of them give a shit about you. Don't expect anything.
Frankly Truss' policies are contradictory and nonsensical: She wants to wean the UK off russian gas? She'll create an entire industry focused around the extraction of natural gas, in a sector where the UK has very little market power, and in fact, requires high gas prices to ever be anything other than a financial drain on the UK economy. Oh, and she'll also be cutting funding to renewables, even though the price of renewable energy is completely independent of Russian gas, and indeed is the most stable.
She doesn't like across-the-board tax cuts because they benefit the rich more than the poor? She'll grow the economy, which will also benefit the rich more than the poor, but sounds nicer - because the average working Joe makes hundreds, sometimes even thousands of times less than the CEO he works for, and time and time again we see the same story during periods of economic growth: CEOs use profits to subsidize their own bloated salaries, instead of increasing their worker's wages.
Liz Truss' "economic policy" is to simply take the British public's problem, rephrase it, then hand it straight back to the people.
Conservatives want to achieve a romanticised idea of society, they don't want to help, they want a status Quo that doesn't work anymore to stay
"She'll also be cutting funding to renewables"
Will she? Based on the video, it sounds like she saying she wants to increase funding for renewables AS WELL AS fossil fuels. Maybe she didn't actually say "increase". I don't know.
Let's be real here, they aren't really policies. She's a politician, she's just promising everything under the sun that she thinks the conservative voters like to hear so that she'll win. That's it. Once she's in office, business as usual most likely. Maybe a bit less scandal than Boris at best (or just hides it better).
"She wants to wean the UK off russian gas"
UK doesn't use and is not dependent on Russian gas. It just suffers high cost because others around Europe who are dependent on it.
@@licheong but oil and gas are sold on global markets. So if Russia turns off the taps the price you pay for gas from your local fracking well skyrockets just as much as the price a German whos gas comes direct from Russia does. After all we only get like 3% of our gas from Russia. Most of it comes from the North Sea and Norway, we are already independent of Russian gas. Yet we are still paying through the nose
Also renewables were the cheapest and quickest to install source of energy available even before gas prices went through the roof. And we have enough capacity to power the country several times over with them. The only issue is their fluctuating generation, but grid scale battery storage will solve that problem in the next couple of years
This didn’t go well
Her policy of 'low tax - high spend' is obviously going to exacerbate inflation - she will be increasing the money supply through reducing the tax burden and borrowing. Do people still believe trickle down economics actually works? Judging by how my BT broadband's service is still terrible while the CEOs are raking in historical profits - I say it doesn't
20th century economic theory mongers of the trickle down variety have been soundly disproven disparaged and debunked for years. The British public don't know this because it's not reported by the media. Whos owners just so happen to benefit from it.
You literally live in the most privileged time in human history, have some perspective. It clearly does work becuase in 1990 40% of the world was in absolute poverty, that's now less than 9%, even excluding China (who had to basically use western monetary systems to do it) it dropped drastically.
@@Norf.F.C.Zoomer show me you don’t understand statistics without telling me you don’t understand statistics.
So during that same time how has the wealth gap gone? Oh it got wider? Oh the top 1% accumulated even more of a share of the global wealth?
So how is it trickling down? Its nonsense and doesnt work, poverty rates have fallen due to socialism, not trickle down bs.
@@jonsmith5058 jeez you realise there is more total wealth now than ever right? The only relevant measure is do the people at the bottom have enough, the answer is yes, more so now than ever. This weird obsession with people at the top makes zero sense, look at the poorest people on earth, there's fewer and fewer of them every year, average calorie consumption went above 2500 in Africa recently but Elon Musk exists therefore the world must be a worse place....your logic is not consistent. Sorry explain which "socialist" countries did that? Becuase China reduced their poverty through capitalism and so did the entirety of the west...
Government spending has done very little to the money supply, private banks create 97% of the new money in the economy. Energy prices inflation is supply side, asset price inflation has come about because private lenders have created money to fund these financial transactions
Giving the money to the richest does not work, the people at the bottom NEVER see it and it gets spent on MORE super yachts and fancy houses in other countries... most people are living on practically nothing right now.
I'm supporting my next door neighbour as best I can with what little I have until he get himself back on his feet after having the rug pulled from under him when his elderly mother (for whom he was the main carer) passed away. Now by the time he's paid his bills for the month he has under £30 to live on and that's with no transport! That's not enough to survive for long.
Except you would rather be at today's 10th percentile than at 10th in 1979
@@danielwebb8402 I wouldn't know because:-
a) I'm not that old, I was born in 1981 but my dad (who has early stage dementia and I care for him) does remember back then and has said it was a bit pants... I do remember a 10p bag of sweets being worth buying though.
b) I'm not in the top 10th percentile, being a home carer for my dad I'm locked firmly at the low end of the available funds scale. Dispite my average days work lasting about 16 to 20 hours with about 3-4 hours of sleep a night, which usually gets disturbed.
I'd rather have enough to be able to put food on the table and not have to worry so much about whether we're going to be eating tomorrow personally... yes it is that bad.
@@danielwebb8402 You a fan of Reganomics?
@@danielwebb8402 Personally, I wouldn't care about being either... too much bull crap and snobbery I'd have to deal with. I'm happy with enough... which means I don't want to be rich (i.e. not anywhere near the top 10%).
@@RogueWraith909
But 10th in 1979 means you have 2 pairs of shoes. No branded clothes at all. No computers. 3 TV channels. Ice cream is a posh treat.....
"Kiev to Carlisle"... Certainly not any further 😂
yeah because northern ireland is just sticking all the middle fingers up.
Veiled acknowledgement we're going to take Scotland back into the realm of sanity next October?
It will be interesting to see over the coming weeks how well she can pivot from pleasing the conservative membership to pleasing a sizable chunk of the general public. If she's unsuccessful she won't be in power for long.
One of the first things I can imagine her doing is to “deal with” China... The very country she has been so “obsessed” with when she was foreign secretary.
BTW, I don’t like the CCP, at all.
I live the CCP - they lifted 800 million people out of poverty in 40 years.
@@piccalillipit9211 I’m going to pretend what happened in Shanghai earlier this year was a rather peaceful lockdown.
@@piccalillipit9211 If people work most of their time, they would better deserve to be lifted out of poverty!
@@piccalillipit9211 More open/neolib-lite economic policies raised people out of poverty. Chairman Pooh also changed the definition of poverty artificially as to lower poverty rates.
@@piccalillipit9211 >casually ignores events that definitely didn't happen, like that time when 50 million people definitely didn't starve, that time when the government definitely didn't go on a mass cultural purge, the event that definitely didn't happen in 1989 as well as the ongoing genocide of the Uyghur people that definitely isn't happening
What now? the rich get richer....that's 'what now',
Thought the speech would be: "You have managed to finished things Borris, you're an achiever, through your name we would revert back and turn 180 from all of your policies."
She is just as out of touch with reality, we wait to see her integrity - is it any better than Johnson’s.
It might be worse. Boris lack of integrity meant he didn't believe in any one thing, he would just go with what ever best suited his agenda. Which was and still is stroke his ego. Lizz Truss so it appears is an ideologue. Doesn't matter to her if what she believes is debunked. She believes what she believes,like a religion.
@@7ookee She also had an affair with fellow tory mp and that didn't end well!!
Short answer: no.
Growth isn't driven by giving tax cuts to the rich and richest corporations. It's generated by putting money in at the bottom to drive the economy forward.
People are skint. Many of them are - relatively - spending less because they have less - relatively.
I dont know I think if we just keep giving the rich more money eventually it’ll trickle down to us plebs lol
@@Andrew-ob5ij 'Trickle' is the word. They give us pennies.
@@Andrew-ob5ij Something's trickling alright, but it ain't money...
@@SevenEllen Its not even give us pennies, its they look for the pennies in our pockets and take those too.
That's somehow what conservatives have forgotten. They have forgotten how the economy works on its most basic level.
the one that was slightly less competent beat the one that was slightly more bigoted, but both are awful.
Truss is less bigoted? I thought she was harder on things like being anti-trans etc?
What was Rishi more bigoted on?
@@jonsmith5058 Poors, but at least he treats all poors equally regardless of race, gender or sexuality
@@jonsmith5058 Bigoted might be the wrong word, but he's definitely not pro-minority. His stance is "racism can't possibly be institutional, because I wouldn't be here if it was", conveniently ignoring that he's a multi-millionaire, married to a tech oligarch and has an exceptionally privileged background. He also wants to review/repeal the Equality Act 2010, which protects minority groups and demographics from discrimination, harassment, being mistreated by prejudiced employers, etc
@@TBakerXD oh, big oof.
Those are some awful takes on his part.
I no longer live in the UK so didnt follow that super closely.
Scary to see all the rights the Tories want to strip away.
I wonder if Rishi still thinks there isnt institutional racism now he lost cause many voters didnt want a brown PM….
That’s generally the choice Britons have whenever they go to the polls these days. The absolute state of our parties…
Wow, trickle down is still alive in 2022, thats amazing... and goddamn alarming. Good luck UK with this government (Best wishes from Berlin).
that didi not take long
Hopefully now she keeps making ignorant comments about Scottish government, then indy comes and we leave this hell hole behind.
Hope so. Am very much looking forward to the 2% lower income tax
@@danielwebb8402 Yeah will be decent mate, you can buy a new kettle with it.
Please let the sane ones from the below the border in :(
@@max3446 That'll be me then
@@max3446 All welcome 🙏🏻 Let’s build a country that doesn’t completely make a fool of the public.
England will become even poorer when they are now, i feel sorry for all the britts this winter that have to deal with the electricity bills.
Did anyone see Rishi Sunak have a tear in his eye after the result?
He was a worthy candidate Truss is Biden character
He will be next pm
Why tears ?
Down fall of UK began from last decade it's continuing ,Non Western world always happy if UK becomes srilanka
@@kirannnnnn The UK ain't becoming Sri Lanka. The Tories may be bitches, but they aren't dumb and their authority isn't unchallanged.
@@billcipherproductions1789 So do you think left labor party undo anything what Tories did over a decade.
Your economy is not growing , debt is increasing at a hypersonic speed , balance of payments is a big concern.
Increasing in Islamic population /ideology in UK is a challenge..
You didn't have any technology to offer except roll Royce and Banking sector .
All your Tech companies are owned by foreign nationals
Billions of dollars Russian black money is in London now it's over..
The Stolen /looted money sitting idle with no interests in your bank bunkers for insurance/pensions can save your face for another two decades .if that looked money is over its all-out ..
Droughts will become night mare to UK , Energy crisis will threaten you.
You lost china and Russia ,by doing over action soon India will throw you out ,US/EU won't save you
“Seeing everything thru the lens of redistribution is wrong because I’m focused on the economy”
Ronald Reagan tried that lol worked great for rich 1% people.. left the rest of us behind.
They know. The wealthy would have everyone else in the country live in severe poverty rather than for them to pay even slightly more in taxes.
@@MC-yt1uv 💯
I'm Scottish, at this point I'm used to out of touch nutters I had no choice over being in charge of Westminster..
It's why we'll be saying goodbye to them next October.
Good luck to her growing the economy when Energy prices are shooting the moon. Cheap, plentiful, reliable energy is a precondition for modern economy. We have yet to see the impact of the fertilizer shortages and war on food yet, nor the impact of the layoffs coming due to energy intensive industries shutting down. We'll be lucky to not have a new depression let alone the flirtation with hyperinflation we're seeing now.
That’s why she, quite reasonably, wanted fracking.
Literally every politician since Thatcher is to blame for our current state of energy, should have started moving to energy independence years ago.
If only 1. The energy was re-nationalised, including the infrastructure and 2. Tories hadn't sold off our energy reserves, we wouldn't have extortionate energy bills nor having to worry about blackouts this and next winter.
The privatisation of utilities was argued as being good for the economy as commercial companies would be more efficient and so cost less for the consumers... That experiment has clearly failed!
i see you're a fan of funding genocide.
Then end the sanctions on Russia. Make peace with them.
Now more of the same shit we've had for 12 years under The Tories
Mate, that speech about boris was something worthy of Amsterdam's red light district. The dirtiest and nastiest of its parts....
Would make sense since it's mostly Brits who hang out there.
The Pork Markets came to haunt her once again with that 5 second gap for applause.
BANANA REPUBLIC UK
For example, a trillion seconds ago was about 30,000 BC. In the UK we are £2.5 TRILLION in debt Just to pay the interest on the UK debt now is costing us £83 BILLION a year and now Liz Truss, A Pound Shop Thatcher, is going to print another half a £TRILLION£
Oi mate, you on drugs?
The UK pound continues its relentless fall, its now at 1.16 to the dollar and by year end will be at parity. Imports will be over 20% more expensive, just when UK production is closing down due to energy prices. All this on top of the inflation we already have, with energy prices doubling and quadrupling. Its a recipe for complete disaster. Wake up people, your being shafted on the spike of an ideology.
@@SpartanJoe193 He is being bizarre.
@@SevenEllen Fair enough.
@@SevenEllen its True what he said
Balance of payment is a very big concern for UK but i think low IQ arrogant , ignorant people living on Welfare funds , they don't know the real economics of UK
Ran out of money to give rich people so now they have to borrow
So sorry United Kingdom. My condolences. I hope you get through this very soon and not too many people die in the cold or from terrible policies to starve the poor.
Yeah at this point I just want to leave hoping for Scottish independence so i can immigrate there.
@@ainsleyhariott4353 proof that the UK is so great that you couldn't emigrate to and of the other countries on earth to "escape" but can only imagine living in a heavily subsidised part of the UK breaking off (and magically being fine).
Can we have an election again like when Boris came in, at this point I’d let the Greens have a shot at it over keeping the Tories
At this point I genuinely think I'd rather have Her Majesty Liz step in and take over, heck I'd take Charles over Truss.
about that
This aged well!😐
@@hosseinramez3293 Well my original point still stands, Charles is welcome to step in and take over government should he wish to do so. He just won't be as good as Her Majesty, RIP :(
About that….
as always the rich get richer the poor remain poor .
that pretty much sounds like one final dance before the music stops. seems like the tories are happy to leave and take as much as possible on their way out
Of course they are. They've got one of theirs leading Labour now so they can pull the same nonsense again... Let Starmer sabotage Labour's reputation as leader and take it back afterwards as the "lesser of 2 evils" yet again.
Answer: We're fucked. More trickle down economics. It's been so effective in the last 50 years 👍
Congratulations on 600k Subscribers!
"There are some people who don't pay tax at all" ah yes all those people who don't wear clothes and survive by eating grass, catching pheasants with their bare hands and cooking them on a fire made by rubbing two sticks together.
I was thinking of Mega Billionaires who employ armies of of people to avoid taxes
I laugh because this is still showing in my feed, yet is woefully out of date.
One of your better videos, very informative
Great video as always, but is this only me or my computer is acting weird, I found the recent videos are getting progressively quieter these weeks, to the point where I can't hear it other than midnight where it's quiet outside...
Oh I haven't seen your channel in a while. You dont look anything like I've imagined lol keep up the good work!
I still don't get why the brits keep the same party after many failed consecutive pms
This wasn't a general election, it was a leadership contest after Boris Johnson was forced to resign
In the last general election, the opposition candidate was in many people's opinion even worse. We have the illusion of choice, but in reality there are no good options.
First past the post.
if we had a paper shortage all of a sudden in the election campaign were sorted.
@@C.I... that explains why third parties haven't won but it doesn't explain why labour has not won any elections for nearly 20 years
Oh no... A PM who unironically believes in 'trickle down economics'.
She doesn’t believe in shit she’s just doing what benefits her true masters most
9:26 if you're going to up a graph and have rectangles to measure the positive, where are the proportional rectangles on the left?
Murdoch wants to wreck the UK, Australia as well but we are able to dodge the politics of polarisation with our mandatory voting and ranked voting. First past the post isn't democratic. 🇦🇺♥️🇬🇧
First pAst the post. And it is democratic. It may not be optimal, but it is democratic
@@sempersuffragium9951 when a 43% vote gets a 80 seat majority, no it’s not
@@sempersuffragium9951 do you want shit or dog shit ? I'm giving you a choice you don't want either? Well too bad.
Okay I'm being hyperbolic I admit but then general idea stands. If you don't have rankings you must vote not for people that you are kinda against so that people you are really against don't win. Not much of a choice.
@@WhhhhhhjuuuuuH Avoiding the spoiler effect will help third parties grow more influential, and breaking the majority rule the Tories and Labour have will force them into coalition governments, which will hopefully encourage the leading parties to keep their promises
@@WhhhhhhjuuuuuH Yes, I know. I'm not advocating first past the post, I'm more of a fan of the German system, which combines the merits of the proportional and majority systems. But to say that British elections are undemocratic is just blsitabtly not true
She does realise that when you say "from x, to y" that's supposed to include everywhere in between. In this case the EU, aka the people who all hated BJ
I just can't help but feel that she only got it because the MPs wanted Sunak and didn't really care about who he'd be up against, but the party members wanted anyone but Sunak.
I'm pretty sure the bookmakers back in June would never have given high odds for Truss.
Well done TLDR News on 600000 subscribers!
Tories will most likely get a bounce, but that's all it'll be.
The damage has already been done by Johnson.
She's got the world at her feet. So much opportunity and easy fixes.
She just wants to fail.
Welp she has a mess on her hands
We're all fucked
Liz Truss voted to be Westminster prime minister by only 81,326 people in the UK.
According to the house of commons Library the Tories have 172,000 members.
Liz Truss was voted in by less than 50% of the Tory membership.
Subtract the quantity that voted for Sunak and the quantity that abstained. If the resulting sum is greater than those two portions, it's still democratic process. Democracy is "majority wins", not "non-positive votes wins".
I've said it before, and I'll say it again. The main issue with elections and ruling parties in the UK, is the FPTP system. The fact that you're swinging between labour and the conservatives, who are honestly not all that different, means that nothing that needs to change will change.
Since when does Labor win elections in the UK? Foreigner here so feel free to correct me, but my understanding of the last 30 years was Tories run the country while labor complains (if they’re feeling brave enough to complain)
@@Tecmaster96 I'm a foreginer too btw, but they have in the past. What I'm referin to is that for a very long time it's been conservatives and labour only fighting, and that's very little change.
she killed the queen 😬
I am actually in favour of scrapping the green levy. But not for the reasons truss is. Investment in renewables shouldn't be put on the shoulders of ordinary people to pay for. The responsibility to pay should be placed on the oil companies who have spent the last 100 years making unimaginable quantities of money creating the problem that we are now trying to fix
If Liz doesn't deliver change to the nation, should we call her Least Trust? ☺️
The end of days. 81,000 reactionary pensioners decide the next PM. Sounds legit.
The end of days is not understanding how elections work yet still commenting on the outcome.
@@user-im9zp4yp9x Truss got to be PM (i.e. run an entire country) on less votes than Count Binface got when he lost the vote to be Mayor of London.
Trusses policies, if she has any, were not in the Tory manifesto people voted on at the last GE.
Sound like a democracy to you?
Are you North Korean by any chance? Russian spambot?
@@thebrowns5337 unprecedented amount of handouts funded by the actually working people’s taxes over past few years wasn’t either. Didn’t see commies complaining back then.
@@user-im9zp4yp9x Yes, 80,000 Tory party members decided who is going to run the UK, a country with a population of 68.6 million. And no, it wasn't right when Brown did it either but at least people broadly knew what was coming unlike the Tories who are on their 4th PM in 6 years because they keep electing people who couldn't be more unsuitable for the job if they had a clandestine meeting with representatives of a foreign intelligence serve. Oh, wait...