Can Liz Truss survive her premiership?

Discussion in 'Politics' started by Saint, Sep 7, 2022.

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  1. RainbowSingularity Valued Senior Member

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    when businesses make more profit do they increase the hourly pay rate of their employees ?
     
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  3. Sarkus Hippomonstrosesquippedalo phobe Valued Senior Member

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    Indeed.
    The thing is, it's all well and good IF the company does what you propose, rather than just give it back to their owners, or increase the pay of the already wealthy (e.g. banker's bonuses etc). IF they reinvest then, yes, there is a trickle-down effect, but it is a slow process. And while it's taking time to show a positive effect, people are in fuel poverty, deciding whether to eat or to heat their home. People are losing their standard of living, while the rich get richer. The biggest impact to the largest number of people would be achieved by reducing inflation as fast as they can, and concentrating on growing the economy after that. But they have chosen not to do that.
     
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  5. Saint Valued Senior Member

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    But Truss is addressing energy bill, subsidize the people, isn't that very urgent?
     
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  7. Saint Valued Senior Member

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    Inflation is due to weak pound and energy cost is high, and due to Ukraine War, if UK strikes deal with Russia and buy cheap oil and gas from Russia, all problems solved.
     
  8. geordief Valued Senior Member

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    Can I have some of that excrement you just licked out of Putin's arse?
     
  9. exchemist Valued Senior Member

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    If Britain were to turn its back on democracy in Europe and everything it fought for in WW2, then your suggestion might make sense.
     
  10. Sarkus Hippomonstrosesquippedalo phobe Valued Senior Member

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    That is but one element of the current economic issues. It is separate to the issue of reducing taxes.
     
  11. Sarkus Hippomonstrosesquippedalo phobe Valued Senior Member

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    Good grief!

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    Try and think it through for yourself as to why that would be a bad idea for UK. Put down the Communist propaganda you're reading, and actually think for yourself, if you're allowed to.
     
  12. exchemist Valued Senior Member

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    Nope. The evidence is that it doesn't work like that.

    Minouche Shafik, now Director of LSE, formerly Deputy Director of the IMF, and before that Deputy Governor of the Bank of England (i.e. somebody who actually knows what she is talking about), wrote a piece about it in the Financial Times last week. When she was at the IMF they did hundreds of business surveys, asking what were the most important factors about a country for business to want to invest. The top ones were always the same: stable politics and competent economic management (which Truss and Kwartengg! have just thrown away), good infrastructure and a good skills base in the labour force. The corporate tax rate (and free enterprise zones, which are a special case of that) reliably came at the bottom of the priorities for business.

    Truss's ideas are just another self-serving fantasy of the political far right, with as much foundation in reality as the notion that Brexit would make the country wealthier rather than poorer. They are another symptom of the magical thinking that has infected the British Conservative Party, which employs it to avoid facing up to what a disaster Brexit is turning out to be, just as the hated "Remainers" foretold.

    What Truss should do is use any borrowing to improve infrastructure, reform the education system and provide incentives for green energy projects. Not just piss it all away on giving more money to rich people and to businesses that are already profitable.
     
    Last edited: Oct 2, 2022
  13. Saint Valued Senior Member

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    To a worker, reducing tax is good, you got more money to spend.
    Brexit is good or bad to UK's economy?
    Is it more expensive to buy goods imported from EU's country now?
     
  14. exchemist Valued Senior Member

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    No, just harder.

    Re-read post 49 for the answer to your first question.
     
  15. sideshowbob Sorry, wrong number. Valued Senior Member

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    But you can't go anywhere to spend it because the roads are falling apart.
     
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  16. Sarkus Hippomonstrosesquippedalo phobe Valued Senior Member

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    Maybe that's why Amazon are tying to go the drone-delivery route!!!

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  17. Saint Valued Senior Member

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    So the rich people who earn more than 150k will pay more tax than normal people?
     
  18. Saint Valued Senior Member

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    UK buys most of its gas from where?
    Does BP produce enough gas for UK own usage?
     
  19. Saint Valued Senior Member

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    3 and Vodafone will merge, will that create more jobs or slashing jobs?
     
  20. Saint Valued Senior Member

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    £120B will be borrowed to subsidize gas and fuel?
     
  21. James R Just this guy, you know? Staff Member

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    First, you need to distinguish multinational corporations from national governments. They are not the same thing.

    Second, what are you talking about? Which countries is the UK colonising and/or bullying, these days?
     
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  22. Saint Valued Senior Member

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    If UK's economy cannot improve, Liz Truss's government cannot last long.
    Tory will be afraid they will lose next election, they may force her to step down, but useless, nobody can be a better PM too.
     
  23. geordief Valued Senior Member

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    She has just this past half hour announced her intention to take part in the forthcoming filming of "I'm the Prime Minister ,Get me out of Here"
     
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