New: Mon. October 31st 2022 Jeremy Hunt Budget Update

[arista]

1st Title New Emergency Mini Budget Friday, September 23rd 2022

https://www.bbc.co.uk/news/uk-politics-62917548

__________________________________________


The OBR published on this Monday Oct 31st

Hunt will then update his Budget
Cuts and possible help

https://obr.uk/forecast-timetable-to-31-october-published/

[Gusto Brunt]

The poor should get a £1,000 cost of living payment.

[arista]

BBC Text :
[Chancellor Kwasi Kwarteng is
seeking to end the UK's cap on
bankers' bonuses
in a bid to boost the City of
London's "global competitiveness".]

https://ichef.bbci.co.uk/news/976/cpsprodpb/E791/production/_126718295_theft.png.webp

[Gusto Brunt]

That's appalling. They already get paid too much money for doing 'f' all.

[arista]

Tax-cutting mini Budget on Friday next week

https://www.bbc.co.uk/news/uk-politics-62917548

[Gusto Brunt]

Tax-cutting mini Budget on Friday next week

https://www.bbc.co.uk/news/uk-politics-62917548

Cutting taxes for the rich.

No help to the poor and those on low wages who pay no tax.:fist:

[UserSince2005]

The champagnes on me girlies when they slash the corporate tax rate.

[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

Because Parliament closes down tomorrow
for the Party Conferences

He is going to do the mini budget at 9:30AM Friday.

As parliament closes at 5pm
tomorrow.


BBC2HD Politics Live special
Tomorrow from 9AM Friday

[Gusto Brunt]

Because Parliament closes down tomorrow
for the Party Conferences

He is going to do the mini budget at 9:30AM Friday.

As parliament closes at 5pm
tomorrow.


BBC2HD Politics Live special
Tomorrow from 9AM Friday

Chancellor Kwasi Kwarteng's odd behaviour at the Queen's funeral was reported but not as much as it should have been. Many people suggesting he was on drugs, laughing and moving his body about in his seat.

He's never had to answer any questions about that. :fist:

But I'll be watching at 9.30am.

[arista]

Chancellor Kwasi Kwarteng's odd behaviour at the Queen's funeral was reported but not as much as it should have been. Many people suggesting he was on drugs, laughing and moving his body about in his seat.

He's never had to answer any questions about that. :fist:

But I'll be watching at 9.30am.


https://i.dailymail.co.uk/1s/2022/09/22/16/62698547-0-image-m-1_1663859596376.jpg

[bots]

Chancellor Kwasi Kwarteng's odd behaviour at the Queen's funeral was reported but not as much as it should have been. Many people suggesting he was on drugs, laughing and moving his body about in his seat.

He's never had to answer any questions about that. :fist:

But I'll be watching at 9.30am.

People handle situations like that in different ways. I don't honestly know how I would handle everyone around me being all sombre and quiet. I would probably crack a joke to break the ice

[Gusto Brunt]

https://i.dailymail.co.uk/1s/2022/09/22/16/62698547-0-image-m-1_1663859596376.jpg

People handle situations like that in different ways. I don't honestly know how I would handle everyone around me being all sombre and quiet. I would probably crack a joke to break the ice

Well if you've seen the footage, it's not a normal smile or even an out of place grin, it's like he is high on drugs. I'm not saying he was but perhaps he had a bad reaction to medication. But it's not right this incident has largely been covered up.

[MTVN]

Doesn't seem the type

[bots]

He is the most qualified chancellor we have ever had i believe so that warrants giving him a chance at least

[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

The Government maintains this is a Fiscal Event
thus avoiding an initial OBR report.

[The Office for Budget Responsibility (OBR) was
established in 2010 to examine and report
on the sustainability of the public finances.]

[arista]

BBC2HD 9AM
early start Politics Live.
they assume the New Chancellor Kwasi Kwarteng
wil talk for 30mins?

[UserSince2005]

We need this budget. It’s an emergency!

[Oliver_W]

lol @ Angela Eagle staring into the camera while speaking "to" the woman standing beside her.

[arista]

lol @ Angela Eagle staring into the camera while speaking "to" the woman standing beside her.


Yes The Presenter BBC2HD Live
informed her, Labour would also have to Borrow
to get the same money in fast.

[arista]

Kwasi Now Live All media
PM Liz Truss sitting next to him


Parliament

[arista]

https://i.dailymail.co.uk/1s/2022/09/23/09/62723027-0-image-m-6_1663922235051.jpg

[Gusto Brunt]

They're reducing poor people's benefits but giving bucket loads of money to the bankers.

[arista]

Kwasi Kwarteng announcement From the DM

[Reversing the national insurance increase
Scrapping the scheduled increase in corporation tax
Axing the cap on City bonuses
Reducing stamp duty
Bringing forward 1p income tax cut?
Creating low-tax Investment Zones
Costings for the energy bills freeze]

https://www.dailymail.co.uk/news/article-11242327/Kwasi-Kwarteng-gambles-huge-tax-cuts-Emergency-Budget.html

[arista]

VAT Free Shopping for Outside UK shoppers.
Done via digital means
not paper.

Stamp Duty Cut from today

[arista]

Labour's Rachel Reeves
now gives her reply


Keeps going on about 12 years.

[Gusto Brunt]

Did he address the cost of living crisis? Or did I miss it?

[arista]

Did he address the cost of living crisis? Or did I miss it?


Still to come
in later days (weeks)

[Gusto Brunt]

Still to come
in later days

Thanks. But why the wait?:shrug:

[arista]

Thanks. But why the wait?:shrug:


He only had 25mins or less.


As Parliament Shuts Down today at 5PM
Party Conferences due.

[Cherie]

Still to come
in later days

They are going into recess are they not

[arista]

They are going into recess are they not


Yes, so after that.

[Gusto Brunt]

He only had 25mins or less.


As Parliament Shuts Down today at 5PM
Party Conferences due.

Bizarre isn't it.

[Oliver_W]

They are going into recess are they not

Haven't they basically just come back from Summer recess?

[arista]

Bizarre isn't it.

Yes it is wrong
but Labour and Conservative
demand their conferences


Booked up

[arista]

Haven't they basically just come back from Summer recess?


Yes long summer break,
this Mini Budget Selected for the last day
on purpose.


Parliament Closes at 5PM

[arista]

Left Winger now Live on LBC.


The Presenter says he is Quids in.
And he said he should not be
as so many need help.

[Gusto Brunt]

Yes it is wrong
but Labour and Conservative
demand their conferences


Booked up

That mini buget was a complete waste of time. I know you say he didn't 'have time' but he should have addressed the cost of living crisis.

Instead he spent his time telling people on out of work benefits if you don't look for a better job your benefits will be cut. And he was also happy to let the bankers have bigger bonuses.

A BIG FAILURE. :fist:

[arista]

Parliament is not calling it a budget

It is the Growth Plan Statement.

[bots]

it's certainly a bold move, it will be interesting if it pays off

[arista]

The Gamble could pay off
most say it will not.

[Cherie]

Kwasi Kwarteng will tighten benefit rules for part-time workers, requiring them to work longer hours or take steps to increase their earnings.

The new rule will require benefit claimants working up to 15 hours a week to take new steps to increase their earnings or face having their benefits reduced. The current threshold is nine hours, though it was increased this summer to 12 hours, which will come into force next week.

The further increase, expected to be implemented from January 2023, will affect only a small additional number of those on universal credit, about 120,000 people out of about 5.5 million claiming the benefit.

But the move is intended to signal a new offensive by the Treasury to fill job vacancies, with many industries facing chronic shortages.

Kwarteng will also announce new support to get over-50s into work, after a sharp increase in economic inactivity in that age group since the Covid-19 pandemic, with a significant number citing stress or mental health reasons.

The Treasury has found that economic inactivity in the over-50s is contributing significantly to shortages in the jobs market, one of the key issues driving up inflation.

“Our jobs market is remarkably resilient, but it is not perfect,” Kwarteng said in advance of the announcement. “While unemployment is at is at its lowest rate for nearly 50 years, the high number of vacancies that still exist and inactivity in the labour market is limiting economic growth.

“These gradual changes focus on getting people back into work and maximising the hours people take on to help grow the economy and raise living standards for all. It boosts incomes for families and helps businesses get the domestic workers they need, all while supporting economic growth.”

The changes will be announced at Kwarteng’s mini-budget on Friday, along with a slew of other measures including significant tax cuts and further details of the energy package to support households and businesses with bills.

Benefit claimants working up to 15 hours a week on the national living wage must now meet regularly with their work coach and take active steps to increase their earnings or face having their benefits reduced.

[arista]

1573240964239556609

[Cherie]

1573240964239556609

Indeed until they use it to pay for care costs in later life

[arista]

SkyNews :What has been announced?

Chancellor Kwasi Kwarteng is delivering his
mini-budget. This is what he has announced:

Reduced benefits if people do
not fulfil their job searching commitments

The planned duty rates increase on beer,
wine and spirits is cancelled

Reform the pension charge cap, so pension
funds can invest more easily in UK assets

A new bill to unpick the complex patchwork
of planning restrictions and EU-derived laws
that he says "constrain our growth"

Cut taxes for businesses in designated
tax sites for 10 years
VAT-free shopping for overseas visitors]


https://news.sky.com/story/mini-budget-live-kwarteng-announcing-tax-cuts-with-cuts-to-stamp-duty-and-corporation-tax-12593360

[arista]

1573239542689271810

[arista]

Yes no VAT cut
other than Foreign Tourists

[Cherie]

Yes no VAT cut
other than Foreign Tourists

where will the tourists go when hospitality has collapsed ...

[arista]

where will the tourists go when hospitality has collapsed ...


Yes, that is a mess

[arista]

The Budget (Growth Plan) Speech
in Text

https://www.gov.uk/government/speeches/the-growth-plan-2022-speech

[arista]

Conservative MP Chris Philp Chief Secretary to the Treasury
of the United Kingdom

Live on the BBC.


Uses the Covid-19
and Ukraine
holding back the UK.



Further Growth Plan Statements
on More Data
are coming in October
he confirmed.


He also said before the End of this Year
There could be a Full Budget?

December?

[Cherie]

At this stage I think the Cons want a Gen Election so Labour can take over a failing economy

[arista]

No General Election.

We are stuck with this

[joeysteele]

No General Election.

We are stuck with this

STUCK with it is the appropriate statement.
Just more incompetence wrapped up another way.

[bots]

being brutally honest, we are in so much poo that any measures taken are just a drop in the ocean. Business will probably be ok up to christmas, but after that, all bets are off

[Gusto Brunt]

Everything for people who have money. Nothing for people who have nothing.

[arista]

The Parliament Debates
on this Growth Plan
concluded at 12:15PM

[arista]

being brutally honest, we are in so much poo that any measures taken are just a drop in the ocean. Business will probably be ok up to christmas, but after that, all bets are off

In time for the Full
Possible Budget
in December

[arista]

https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fprod uction%2F147ab327-e3af-482e-8dba-cef532ea05aa.jpg?dpr=2&fit=scale-down&quality=medium&source=next&width=700


Way back in 1995
Before in Politics
Kwarteng on University Challenge


https://www.ft.com/content/3054c38a-4faf-4b2e-88d4-93faa55e6d10

[arista]

[At a glance: What did the Chancellor announce?

Abolished the 45p tax rate, paid by those earning
more than £150,000, from April next year

Cost per year: £2billion

1p cut to basic rate of income tax brought forward
by a year to April 2023

Cost per year: £5billion

No stamp duty to be paid on property purchases
up to £250,000 and up to £425,000 for first-time buyers

Cost per year: £1.5billion

Reintroduction of VAT-free shopping for overseas tourists

Cost per year: £2billion

Alcohol duty frozen from next year,
estimated to be worth 7p on a pint of beer
and 38p on a bottle of wine

Hike in National Insurance contributions
to be cancelled from 6th November

Cost per year: £15billion

Cancellation of next year's planned
rise in Corporation Tax so the levy
will remain at 19 per cent

Cost per year: £18billion

Businesses based in 38 new 'investment zones'
will have taxes slashed and will benefit
from scrapping of planning rules

Cost per year: Not specified

Scrapping of the bankers' bonus cap in a bid to boost the City

Cost per year: Nil

Total cost per year with
other measures: £45billion]

https://i.dailymail.co.uk/1s/2022/09/23/13/62728767-11242327-image-a-63_1663936921113.jpg

https://www.dailymail.co.uk/news/article-11243217/Kwasi-Kwarteng-slashes-45bn-tax-burden-despite-borrowing-fears.html

[Gusto Brunt]

The Pound drops to a 37 year low.

[arista]

https://i.dailymail.co.uk/1s/2022/09/23/16/62735363-11243217-image-a-30_1663948103002.jpg

[arista]

The Pound drops to a 37 year low.


Of Course

[Beso]

All shares are tumbling because the rich have cashed in their shares to buy gold and silver.


World war 3 imminent.

[Gusto Brunt]

https://i.dailymail.co.uk/1s/2022/09/23/16/62735363-11243217-image-a-30_1663948103002.jpg

I don't care how many qualifications those two have, they're both clowns. It's shameful one is PM the other, Chancellor.

[bots]

the tories proved many years ago that lowering taxation actually increased the net income from taxation because people are less likely to try to avoid paying it. That is a demonstratable fact. I have no idea if this strategy will get us out the crap, but it's not without solid evidence to back its use up. With regard to bonus payments for bankers etc. If we don't pay the same as they can get in other countries we won't get the best people, thats another fact too

[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

Petrol has gone up in Price.

Due to the weaker pound.

[Zizu]

Damm !!!

Between bladdy Putin and that fekkin lab in Wuhan we are being screwed over big time


Sent from my iPhone using Tapatalk Pro

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-0890b9cf-3a64-412e-b92c-fda711804519.png

[Oliver_W]

The cut to the 20% tax rate is a great move, and hopefully one Labour won't seek to remove. It'll see ordinary working people keep more of their money :)

[arista]

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[arista]

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[arista]

https://imagescdn.juno.co.uk/full/CS558075-01A-BIG.jpg

Back in the troubles of 1973.



The Pound is Fighting back

Now at £1:07 to the Dollar

[Gusto Brunt]

https://imagescdn.juno.co.uk/full/CS558075-01A-BIG.jpg

Back in the troubles of 1973.



The Pound is Fighting back

Now at £1:07 to the Dollar

And 'the Chancellor' said expect more of the same with regards to tax cuts. Is the man insane?

[arista]

And 'the Chancellor' said expect more of the same with regards to tax cuts. Is the man insane?


Taking a long term gamble

[arista]

https://i.dailymail.co.uk/1s/2022/09/26/12/62804271-0-image-m-2_1664191474602.jpg

[The Slim Reaper]

We'll have a new pm by January.

[bots]

they are going to have to raise interests rates by at least 5% this week, maybe a lot more. That isn't going to sit well with the tory party

[Liam-]

There’s already letters of no confidence in Truss being handed in :joker:

If she’s ousted there can’t be another leadership contest, there has to be an election, the farce has gone on for long enough

[Gusto Brunt]

There’s already letters of no confidence in Truss being handed in :joker:

If she’s ousted there can’t be another leadership contest, there has to be an election, the farce has gone on for long enough

Labour now odds on to win the next General Election. I have been listening to a lot of radio phone-ins this morning and every caller has been infuriated.

This bizarre mini budget has backfired.

But Tweedledum and Tweedledee (Truss and Kwarteng) are so deluded they're already planning new tax cuts. Insane.:shocked::shocked:

[The Slim Reaper]

1574364606218346498

[The Slim Reaper]

:joker:

1574357901329702912

[arista]

1574364606218346498



Yes Funny Man
Left Wing Activist Joe

[arista]

Some in the markets
today, were wanting an Emergency Rate Change Increase.

But the Bank of England
said No for today.

Lets, see what happens on as the Asia Markets Open
later on.

A few UK Banks have halted their Mortgage deals
for the time being.

[Virgin Money and Skipton Building Society halted
mortgage offers for new customers,
but said submitted applications would still be processed.]

https://www.bbc.co.uk/news/business-63041679

[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

The Pound is still fighting back

£1:08 to the Dollar

Lets see how it goes again,
in the Night hours in Asia,

[arista]

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[arista]

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[arista]

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[arista]

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[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/175F9/production/_126873759_sun-nc.png.webp

[arista]

The Pound is still fighting back

£1:08 to the Dollar

Lets see how it goes again,
in the Night hours in Asia,


Back at £1:07


A Bruised Night for UK Pounds

[bots]

they will have to put up interest rates substantially before the week is out

[arista]

they will have to put up interest rates substantially before the week is out

Or Call Parliament back
with a U Turn.

[bots]

Or Call Parliament back
with a U Turn.

that's not going to happen

[Cherie]

The International Monetary Fund has urged Liz Truss to reverse the decision to abolish the top rate of income tax, in a highly unusual attack on the economic policy of a G7 country.
The world’s lender of last resort heaped pressure on Ms Truss and the Chancellor, as it urged Kwasi Kwarteng to use his fiscal plan in November to change course.
The IMF said it was “closely monitoring recent economic developments in the UK and are engaged with the authorities" and warned that the fiscal stimulus risked undermining the Bank of England’s efforts to curb inflation.
A spokesman for the Washington DC-based organisation said Mr Kwarteng's announcement in November would “present an early opportunity for the UK Government to consider ways to provide support that is more targeted and reevaluate the tax measures, especially those that benefit high-income earners”.
It is an extremely rare intervention by the IMF over a developed country’s economic policy.
The rating agency Moody's this evening joined the IMF in warning over the Chancellor's plans, raising the spectre of a downgrade to the*UK's outlook and branding the mini-Budget "credit negative".*
Moody's said it was now not expecting economic growth to return to its potential until 2026, and cut its forecasts for GDP growth next year. It said the unfunded tax cuts would lead to "structurally higher deficits".**
The credit ratings agency said: "A sustained confidence shock arising from market concerns over the credibility of the government's fiscal strategy...could permanently weaken the UK's debt affordability."
The comments come as a warning to the UK that it risks a downgrade to its credit rating, which would raise borrowing costs. These costs have already reached their highest level since 2011 and the wake of the financial crisis.
*

[bots]

the IMF didn't say a word when Biden pumped obscene amounts of money into the american economy to give it a jump start

[arista]

that's not going to happen

Sure, it is an option

[arista]

Back at £1:07


A Bruised Night for UK Pounds


New Update


Pound at £1:06 to the Fat USA Dollar

[Zizu]

Or Call Parliament back
with a U Turn.


That’s never happened before ..

:)


Sent from my iPhone using Tapatalk Pro

[bots]

It's going to be very difficult for her to do a u turn, she spent the summer saying that the tax cuts were exactly what she was going to do. Sunak trashed her strategy, but she still got elected leader.

Realistically, interest rates are going to rise significantly and everyone is going to get hammered on their mortgage, so fun times are ahead

[arista]

That’s never happened before ..





Yes do it on Friday.


It can be done
as a first.................

[bots]

The BoE has stepped in and bought some government bonds to steady the market

[arista]

The BoE has stepped in and bought some government bonds to steady the market


how nice

[arista]

New Update


Pound at £1:06 to the Fat USA Dollar


New Update


Pound at £1:05 to the Fat USA Dollar

[arista]

Rachel Reeves Labour Shadow
is demanding Kawsi makes a statement,


SkyNewsHD Live

[Gusto Brunt]

Rachel Reeves Labour Shadow
is demanding Kawsi makes a statement,


SkyNewsHD Live

Both Kwantang and Truss have disappeared. Where the heck is Truss?? :fist:

[arista]

Both Kwantang and Truss have disappeared. Where the heck is Truss?? :fist:


Working on her speech

For the conservative conference starting Saturday
Birmingham,

[arista]

https://i.dailymail.co.uk/1s/2022/09/28/16/62889497-0-image-m-6_1664378100600.jpg


https://i.dailymail.co.uk/1s/2022/09/28/12/62881265-11258227-image-a-24_1664364944813.jpg

[Gusto Brunt]

Working on her speech

For the conservative conference starting Saturday
Birmingham,

So another three days left to hide.

[Cherie]

It's going to be very difficult for her to do a u turn, she spent the summer saying that the tax cuts were exactly what she was going to do. Sunak trashed her strategy, but she still got elected leader.

Realistically, interest rates are going to rise significantly and everyone is going to get hammered on their mortgage, so fun times are ahead

Tbh anyone that has a mortgage since the UK voted Brexit would have locked themselves into a 10 year fix if they had any sense

Rates have been at historic lows for a decade or more at some point the worm would have to turn

[arista]

Starmer will Support
Parliament Recalled

For Conservative, possible U turn

[arista]

So another three days left to hide.

Yes it is up to her,
if she chooses to recall parliament,
it could help her

[arista]

https://i.dailymail.co.uk/1s/2022/09/28/12/62881265-11258227-image-a-24_1664364944813.jpg

Kawsi making an effort today

[arista]

Kawsi is not stupid
but he is fighting the markets

They Win in the end

[bots]

Plenty chancellors have been humiliated by the markets in the past

[Gusto Brunt]

Yes it is up to her,
if she chooses to recall parliament,
it could help her

Her problem is, she's already a disaster.

[arista]

Her problem is, she's already a disaster.

Too Early to Shout that
not even a month as leader Gusto

[arista]

Plenty chancellors have been humiliated by the markets in the past


Yes they have.

[arista]

65 Billion Pounds
The Bank of England put up today
to try to sort the Market out.

The Sell Off
of the Gilts
is the main problem.

[arista]

New Update


Pound at £1:05 to the Fat USA Dollar


New Update



Pound at £1:08 to the Fat USA Dollar

[MTVN]

New Update



Pound at £1:08 to the Fat USA Dollar

We're back in business :clap1:

[arista]

https://i.dailymail.co.uk/1s/2022/09/28/12/62881267-11258227-image-m-23_1664364931085.jpg

[arista]

Next cut sales and profit guidance


Thats handy for them.

https://news.sky.com/story/next-cuts-sales-and-profit-guidance-as-it-eyes-uncertain-winter-ahead-12707290

[arista]

Truss has now Given a new TV News
report, Downing Street.

On SkyNewsHD
BBCnewsHD


No U turn
or change of plans.

[arista]

Special Debate on SkyNewsHD

Concluded that the Special Bank of England
help yesterday, helped the Pensions for 2 weeks.

Will the Bank of England have to help again
in 2 weeks.

[arista]

New Update



Pound at £1:08 to the Fat USA Dollar


New Update




Pound at £1:09 to the Fat USA Dollar

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/1750/production/_126886950_star-nc.png.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/124D8/production/_126886947_i-nc.png.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/B390/production/_126886954_express-nc.png.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/6570/production/_126886952_guardian-nc.png.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/3E60/production/_126886951_telegraph-nc.png.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/F85A/production/_126887536_sun-nc.png.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/FDC8/production/_126886946_ft-nc.png.webp

[arista]

Small Pubs
need a VAT cut

Or even more to close forever.

Some pubs now using Candles
a way to save on Electric Lights.

[arista]

[Mini-budget: PM to meet head of OBR following market turmoil]

[The prime minister will meet the head of Britain's
independent forecaster on Friday after
days of market turmoil.
In an unusual move, Liz Truss and
Chancellor Kwasi Kwarteng will meet
the chairman of the
Office of Budget Responsibility's (OBR) to
discuss the fallout after Friday's mini-budget.

The watchdog offered to prepare a draft
forecast in time for the mini-budget but
it was not taken up.

A group of MPs has called for the
forecast to be released "immediately".]


https://www.bbc.co.uk/news/uk-politics-63080164

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/1294E/production/_126901167_guardian-nc.png.webp

[arista]

A 67 year old Lady phoned
Ch5HD Live Extra
and said she will not vote.

Another Lady in Conservative Devon
is changing to Vote Labour.


On a Live Debate about the Prime Minster

[arista]

[Liz Truss and Kwasi Kwarteng
met the head of Britain's independent financial forecaster,
the Office for Budget Responsibility,
after days of market turmoil
The PM told the OBR she values their "scrutiny",
the Treasury said, but will not publish
their fresh forecast before more economic
plans are set out in November
Earlier, the pound hit $1.12 against
the dollar - close to its level before Friday's
mini-budget - but has since fallen slightly
The government's announcement last week
had led to a slump in the value of the pound
and a £65bn intervention
from the Bank of England]


https://www.bbc.co.uk/news/live/business-63084176

[arista]

https://pbs.twimg.com/media/FdzZ5zDXwAAaQrK?format=jpg&name=small

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-d737bfea-ed08-4a22-bb69-2b09a2b99787.jpeg

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-7ba1444f-0f81-4f45-88b1-d14396fcfa47.png

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-f6a2d7da-a5ba-416b-b3bc-94d9ee1d13f2.jpeg

[arista]

Pound Claws Back Budget-Shock Loss on Bets for Policy Revamp

https://www.bloomberg.com/news/articles/2022-09-30/pound-back-where-it-was-before-kwarteng-shock-as-traders-rethink?leadSource=uverify%20wall

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-1fd6d97a-bcfa-467d-8f9c-e13649dd61dc.png

[bots]

My view is that the tories spent the summer wrapped up in their own bubble and just lost touch with reality. They have never been so disconnected from the UK population as they are now. Truss will be thrown out by her own mp's, but i still think the tories will be wiped out at the GE so they have nowhere left to go.

[bots]

Kwasi was summoned back to the uk early by Truss

[arista]

Kawsi

Jet Lagged

Now landing at Heathrow

[arista]

4:30PM
is the Fantastic Time the Government halts supporting bonds

Big Money to be made
unless that announce something before then.

[arista]

https://pbs.twimg.com/media/FdzZ5zDXwAAaQrK?format=jpg&name=small


This thread
is ideal to use
again.

Great Front Cover.

https://obr.uk/forecast-timetable-to-31-october-published/