Unashamed Politics

[Deleted]

Thatcher managed it because she had all the North Sea oil and gas revenues, plus sold off all the council house stocks and the then nationalised companies to private buyers.
Not sure what UKplc owns these days, other than IOUs, boosted recently by all the Covid borrowing and now set to increase even more.
Truss at least sounds like she is drawing a line in the sand about Russian energy, but is fracking on land and drilling for more oil the answer?
Short term measures will be essential, but what about the programme of home insulation, or conversion from gas to hydrogen that was in the news not long ago? The former would at least be a start, but suspect that, for all the clever ideas out there, most are still far from practical or economic.

[Deleted]

I wonder if TRuss slipped the Queen a mickey. The timing seems very suspicious...

[Deleted]

Sept 8, 2022 7:36:21 GMT @61666 said:

Thatcher managed it because she had all the North Sea oil and gas revenues, plus sold off all the council house stocks and the then nationalised companies to private buyers.
Not sure what UKplc owns these days, other than IOUs, boosted recently by all the Covid borrowing and now set to increase even more.
Truss at least sounds like she is drawing a line in the sand about Russian energy, but is fracking on land and drilling for more oil the answer?
Short term measures will be essential, but what about the programme of home insulation, or conversion from gas to hydrogen that was in the news not long ago? The former would at least be a start, but suspect that, for all the clever ideas out there, most are still far from practical or economic.

True. But my answer to Dave's post was more speific - despite all her neo-con, market-oriented beliefs, she did actually impose a winfall tax on the banks. To quote the Torygraph:

"In 1981 Margaret Thatcher levied a 2.5pc windfall tax on banks who were making vast profits on their loans, after interest rates hit 17pc, while paying out little or nothing in interest to savers. It raised around £400m, or £3bn in today’s money, according to the Institute for Government think tank."

She was evil, but not stupid. Truss is evil AD stupid.

[Deleted]

Interesting, don't remember that, but the banks were certainly making a shedload of money, so maybe she did do one thing right!
As for the visit of Truss perpetrating the Queen's sad demise, suspect it was more a case of being ground down by having to see Bojo every week. Wonder if he is now wishing it didn't happen earlier to provide a suitable distraction from another round of shenanigans?
Hopefully not...
Also wonder how the public reaction will compare to the death of Diana. Personally, thought the public outpouring of grief was decidedly over the top.
However, am sure we will see pomp and circumstance done to perfection come the funeral, though how the media are going to wean themselves off yesterday's angst remains to be seen. Even Channel 5 cancelled it's normal programmes, while BBC 3 and 4 were taken off air completely. Radio 2 seems to be doing mood music all day today.
Just what will ten days of national mourning mean in terms of everyday activity I wonder?

[Deleted]

Sept 9, 2022 7:52:59 GMT @61666 said:

Interesting, don't remember that, but the banks were certainly making a shedload of money, so maybe she did do one thing right!
As for the visit of Truss perpetrating the Queen's sad demise, suspect it was more a case of being ground down by having to see Bojo every week. Wonder if he is now wishing it didn't happen earlier to provide a suitable distraction from another round of shenanigans?
Hopefully not...
Also wonder how the public reaction will compare to the death of Diana. Personally, thought the public outpouring of grief was decidedly over the top.
However, am sure we will see pomp and circumstance done to perfection come the funeral, though how the media are going to wean themselves off yesterday's angst remains to be seen. Even Channel 5 cancelled it's normal programmes, while BBC 3 and 4 were taken off air completely. Radio 2 seems to be doing mood music all day today.
Just what will ten days of national mourning mean in terms of everyday activity I wonder?

10 days of mourning followed by 20 years of King Jugears the first,just when you thought this country had reached the bottom of the big hill. As I don't watch TV it will not affect me in any way. The pubs will still be open for a couple of bevvies and on the day of he funeral I'll find a nice big park to disappear into thus avoiding the nations crocodile tears.

[Deleted]

Sept 9, 2022 7:52:59 GMT @61666 said:

Interesting, don't remember that, but the banks were certainly making a shedload of money, so maybe she did do one thing right!
As for the visit of Truss perpetrating the Queen's sad demise, suspect it was more a case of being ground down by having to see Bojo every week. Wonder if he is now wishing it didn't happen earlier to provide a suitable distraction from another round of shenanigans?
Hopefully not...
Also wonder how the public reaction will compare to the death of Diana. Personally, thought the public outpouring of grief was decidedly over the top.
However, am sure we will see pomp and circumstance done to perfection come the funeral, though how the media are going to wean themselves off yesterday's angst remains to be seen. Even Channel 5 cancelled it's normal programmes, while BBC 3 and 4 were taken off air completely. Radio 2 seems to be doing mood music all day today.
Just what will ten days of national mourning mean in terms of everyday activity I wonder?

Even planet rock has been doing mood music. Listening to any radio station at the moment for more than an hour is a test of one's sanity.

[Deleted]

Would hope that mood music on Planet Rock is a tad beefier than elsewhere. The memory stick in the car has proved helpful though, at one point shuffling Thin Lizzy's " The Hero and the Madman", followed by Traffic's "Low spark of the high heeled boys".
Nice.

[Deleted]

Seems the fiscal event' is a bit like Putin's special military operation - a blatant raid to grab as much as possible in a short time.
Unlike Putin, suspect Truss and her cronies know they will be booted out at the next election, so they are hell bent on making as much money as possible beforehand, while bankrupting the country in the process.

[Deleted]

Interest rates are going to go up too, further benefitting those who have lots of Dosh in the bank.
It's looking like a smash and grab raid of epic proportions.

[Deleted]

Sept 26, 2022 6:29:30 GMT @61666 said:

Interest rates are going to go up too, further benefitting those who have lots of Dosh in the bank.
It's looking like a smash and grab raid of epic proportions.

Doubtful interest rates will benefit those with money in the banks. They rarely pass interest rate rises on to savers.

[Deleted]

The IMF now say Truss and Kwartengs plans are daft, while blame is being put on 'remainer' fund managers, who hate the government and, it seems, Truss even more.
Meanwhile nothing on the front pages of the Mail or Express, despite every other paper reporting it is a cock up.
Funny that...

[Deleted]

Can people stop reviving the predecessor to this thread on the general chat forum. If NWS posts on it there's no obligation to answer, and maybe eventually he will post on this one where it all belongs.

[Deleted]

BBC News - Liz Truss admits disruption after tax cut pledges
www.bbc.co.uk/news/business-63098101

So, Truss admits to disruptive planning, but first of all we had a two month hiatus of government, while the Tories were deciding on a leader and now another two month hiatus while Kwarteng tries to get his sums right. Add in time off for the death of the Queen and UK plc will have effectively been like a rudderless ship in stormy seas for five months
And still no sign of a clear plan either.
Worrying or what?

[Deleted]

And now back tracking already on the higher earner's tax cuts. More to do with being voted out by her own MPs than any sign of conscience methinks.
As for Gove coming out in favour of poorer people, suspect the poisonous toad senses opportunities and is plotting again.
Bunch of tossers, the lot of 'em.

[Deleted]

Truss has achieved the impossible on two counts for me. First, she's actually worse than Boris, and second because she's actually made me consider voting Labour at the next GE. Not because I'm a fan of their policies, but because they are the most realistic option to get rid of this hideous government. It's an indication of just how bad they are that I'm exactly the demographic they should be relying on, and they've completely alienated me.