ChatterBank9 mins ago
Liz Truss
Liz Truss's Disastrous "Mini Budget" cost the UK a staggering ..£30bn..
The Truss Govt was responsible for half of the £60bn that Jeremy Hunt will have to tackle in the Autumn statement .It is estimated that in her 44 day premiership £20bn was blown by Truss and her Chancellor on unfunded cuts to NI & stamp duty etc . and another £10bn added by higher interest rates and Govt borrowing costs as the marker reacted on the cost of ......Trussonomics.....
The Truss Govt was responsible for half of the £60bn that Jeremy Hunt will have to tackle in the Autumn statement .It is estimated that in her 44 day premiership £20bn was blown by Truss and her Chancellor on unfunded cuts to NI & stamp duty etc . and another £10bn added by higher interest rates and Govt borrowing costs as the marker reacted on the cost of ......Trussonomics.....
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//It is estimated that in her 44 day premiership £20bn was blown by Truss and her Chancellor on unfunded cuts to NI & stamp duty etc .//
But they were never implemented, so how did they cost that much?
//What ( if any) qualifications did she have for the post of prime minister ?//
The same as any Prime Minister has had – none whatsoever as none is required.
But they were never implemented, so how did they cost that much?
//What ( if any) qualifications did she have for the post of prime minister ?//
The same as any Prime Minister has had – none whatsoever as none is required.
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Bobbinwales @ 14.38
"Correct except £40 billion never happened"
"and the other £20 billion has corrected itself".
Then why has Hunt said "Households up and down the Country will face tax rises for years to come to fill the black hole of £50 Billion in the public finances. Otherwise your wrong as usual Bobbinwales.
"Correct except £40 billion never happened"
"and the other £20 billion has corrected itself".
Then why has Hunt said "Households up and down the Country will face tax rises for years to come to fill the black hole of £50 Billion in the public finances. Otherwise your wrong as usual Bobbinwales.
//Then why has Hunt said "Households up and down the Country will face tax rises for years to come to fill the black hole of £50 Billion in the public finances.//
I doubt that you are interested but Mr Hunt is juggling smoke and mirrors. As above, none of Ms Truss's proposals were implemented and although the announcements spooked the markets, that spooking has largely been reversed. The real reason there is a hole in the country's finances is because of two things:
1. The money splashed out to "combat" the virus. This was principally paying huge numbers of people not to work for around two years, lashing out on a test and trace system which never worked and buying PPE from Spivs. Had the government stuck to the plan to deal with a pandemic that had been in place for 20 years or so (which had been approved by the WHO and did not involve lockdowns or furlough) the costs of the pandemic would have been considerably lower. Instead they succumbed to the method adopted by the Chinese which, like the virus, spread worldwide. This was never going to successfully work (which the Chinese have since found out but will not admit) but cost a fortune.
2. The war in Ukraine has caused energy prices to increase enormously. Had successive governments been concerned with the country's energy security instead being in thrall to the eco-lunatics the likelihood Russia's action being so influential would have been considerably less.
It's plain to see why Mr Hunt wants to deflect criticism away from these issues and the temporary chaos caused by Ms Truss (which actually involved some sound, though badly communicated, ideas) is a convenient scapegoat. It adds credence to my philosophy that you should never, ever believe what any politician tells you.
I doubt that you are interested but Mr Hunt is juggling smoke and mirrors. As above, none of Ms Truss's proposals were implemented and although the announcements spooked the markets, that spooking has largely been reversed. The real reason there is a hole in the country's finances is because of two things:
1. The money splashed out to "combat" the virus. This was principally paying huge numbers of people not to work for around two years, lashing out on a test and trace system which never worked and buying PPE from Spivs. Had the government stuck to the plan to deal with a pandemic that had been in place for 20 years or so (which had been approved by the WHO and did not involve lockdowns or furlough) the costs of the pandemic would have been considerably lower. Instead they succumbed to the method adopted by the Chinese which, like the virus, spread worldwide. This was never going to successfully work (which the Chinese have since found out but will not admit) but cost a fortune.
2. The war in Ukraine has caused energy prices to increase enormously. Had successive governments been concerned with the country's energy security instead being in thrall to the eco-lunatics the likelihood Russia's action being so influential would have been considerably less.
It's plain to see why Mr Hunt wants to deflect criticism away from these issues and the temporary chaos caused by Ms Truss (which actually involved some sound, though badly communicated, ideas) is a convenient scapegoat. It adds credence to my philosophy that you should never, ever believe what any politician tells you.
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