Like Donald Trump, Lizz Truss Has Left A Terrible Mess. The British Media Are Primarily To Blame

[Tommy Tainant]

No, vat on heating fuel was 0%, the EU placed a 5% vat rate to channel that income into the renewable infrastructure.

Thats a UK decision. Maybe I am wrong and you could link to the actuual directive ?

 

[Tommy Tainant]

We have to pay off the national debt that resulted from Socialist policies.

So if you give everyone a heating allowance, it doesn't cover basic needs and thus there's still no disposable income to drive the economy to increase tax revenue income to the government. Government expenditure should never be used to pay people's needs, such Socialism increase national debt. Even before COVID, the interest on the national debt was greater than the NHS wage bill.

But it all started in the Blair Brown days when Blair went full on spending and Brown allowed Blair to go ballistic with the countries credit card because he detested him. Blimey, you would have to dig about on forums etc.. to find the conversations on that, no doubt news links have fallen off over the decades. Laurel and Hardy those two, but they were Labour.

Is this a parody account ? Even that retard farage isnt this crazed.

 

[Captain Caveman]

Thats a UK decision. Maybe I am wrong and you could link to the actuual directive ?

Well, the UK could scrap it, but NI would have to keep it because some EU crap still applies to them.

Is NI subject to EU fuel VAT rates, which cannot be reduced below 5%?  - FactCheckNI

UK VAT is 20% for petrol, diesel and commercial energy use, and 5% for domestic energy Current EU rules apply to NI but not the rest of the UK, and state that fuel and energy VAT must be at least 5% VAT is only one tax on energy – fuel duty, for example, could be...

factcheckni.org

I think one of the Brexit things was Boris saying they could scrap it, but didn't.

Could VAT on gas and electricity be cut to zero?

Should the VAT on domestic energy be cut to help with rising prices?

www.bbc.co.uk

The EU set the vat rates

European Union value added tax - Wikipedia

en.m.wikipedia.org

 

[Tommy Tainant]

Well, the UK could scrap it, but NI would have to keep it because some EU crap still applies to them.

Is NI subject to EU fuel VAT rates, which cannot be reduced below 5%?  - FactCheckNI

UK VAT is 20% for petrol, diesel and commercial energy use, and 5% for domestic energy Current EU rules apply to NI but not the rest of the UK, and state that fuel and energy VAT must be at least 5% VAT is only one tax on energy – fuel duty, for example, could be...

factcheckni.org

I think one of the Brexit things was Boris saying they could scrap it, but didn't.

Could VAT on gas and electricity be cut to zero?

Should the VAT on domestic energy be cut to help with rising prices?

www.bbc.co.uk

The EU set the vat rates

European Union value added tax - Wikipedia

en.m.wikipedia.org

So you are glad to be rid of something that we havent got rid of.
Brexit logic.

 

[Captain Caveman]

So you are glad to be rid of something that we havent got rid of.
Brexit logic.

No, we got Sovereignty, that was the main thing. I think the UK could save a few hundred million that's wasted on Scotland.

I never bother what's promised and then not delivered, economic climate can alter decisions quickly. If people are happy to scrap a tax, where does the government obtain the short fall? If the government runs a deficit, what spending does it cut or which taxes to implement or decrease. Left Wing people often think you can have your cake and eat it, they think the government can give out free money whilst reducing tax. Then Brown runs off to the EU to sign treaties that none of the public voted for, whilst Blair injected privatisation into the NHS, but do Lefties blame Labour? Hell no, they're too thick for that, they blame the Tories.

England was official on 12 July 927, some 1,095 years, we have been part of the EEC from 1 January 1973 until 31 January 2020, some 47 years. the only bad part of the 1,095 years was the 47 years part, the part the public was lied to.

Which directives do you like and dislike the most?

 

[Tommy Tainant]

No, we got Sovereignty, that was the main thing. I think the UK could save a few hundred million that's wasted on Scotland.

I never bother what's promised and then not delivered, economic climate can alter decisions quickly. If people are happy to scrap a tax, where does the government obtain the short fall? If the government runs a deficit, what spending does it cut or which taxes to implement or decrease. Left Wing people often think you can have your cake and eat it, they think the government can give out free money whilst reducing tax. Then Brown runs off to the EU to sign treaties that none of the public voted for, whilst Blair injected privatisation into the NHS, but do Lefties blame Labour? Hell no, they're too thick for that, they blame the Tories.

England was official on 12 July 927, some 1,095 years, we have been part of the EEC from 1 January 1973 until 31 January 2020, some 47 years. the only bad part of the 1,095 years was the 47 years part, the part the public was lied to.

Which directives do you like and dislike the most?

I like the ones where we can trade freely ith 27 countries. Travel,work and live freely.

I love all that shit.
And clean air, employment rights and no shit in our water. Fantastic.

Love all that. I have no interest in resurrecting an empire that ran out of steam 70 years ago.

You offer me nothing in exchange for that.

 

[Captain Caveman]

I like the ones where we can trade freely ith 27 countries. Travel,work and live freely.

I love all that shit.
And clean air, employment rights and no shit in our water. Fantastic.

Love all that. I have no interest in resurrecting an empire that ran out of steam 70 years ago.

You offer me nothing in exchange for that.

People are free to move about? Hmm, importing the rapists and murderers. Nah, I'm not for that. I prefer a visa system so we don't attract millions of car sponge washers and pizza makers.

I've always loved in a clean air environment, haven't you?

And your dislikes?

 

[Tommy Tainant]

People are free to move about? Hmm, importing the rapists and murderers. Nah, I'm not for that. I prefer a visa system so we don't attract millions of car sponge washers and pizza makers.

I've always loved in a clean air environment, haven't you?

And your dislikes?

In the EU we could send the baddies back. That option is no longer open to us.

 

[Captain Caveman]

In the EU we could send the baddies back. That option is no longer open to us.

And your directive dislikes?

(Looks like your tongue is well up the EU's arse cos of your silence on that question)

Looks like the government heard me and at least come to an agreement with France to increase border patrols. I suggest shooting holes in the dinghies.

 

[Tommy Tainant]

And your directive dislikes?

(Looks like your tongue is well up the EU's arse cos of your silence on that question)

Looks like the government heard me and at least come to an agreement with France to increase border patrols. I suggest shooting holes in the dinghies.

I dont have any dislikes. The majority of EU directives were regarding health and safety and the ebvironment They made the world a far better place.
The reason the brexit elite is against them is they want a free for all that gets rid of workers rights and environemental protections so that trash like rees mogg and his bandit mates can send infants up chimneys again.

 

[Captain Caveman]

I dont have any dislikes. The majority of EU directives were regarding health and safety and the ebvironment They made the world a far better place.
The reason the brexit elite is against them is they want a free for all that gets rid of workers rights and environemental protections so that trash like rees mogg and his bandit mates can send infants up chimneys again.

There you go, if find everything an institution does is brilliant, a God, all rationality goes out the window. You're either very credulous with the EU, or you're not being honest.

 

[Toddsterpatriot]

The majority of EU directives were regarding health and safety and the ebvironment They made the world a far better place.

With no tradeoffs? No costs? No losses?

 

[Tommy Tainant]

There you go, if find everything an institution does is brilliant, a God, all rationality goes out the window. You're either very credulous with the EU, or you're not being honest.

You build a straw man. You are happy with losing freedoms and being poor. Shit in the rivers and the other downsides.
You dont care because you are crazy.

 

[Tommy Tainant]

With no tradeoffs? No costs? No losses?

Nope, only benefits.

 

[Toddsterpatriot]

Nope, only benefits.

That's funny.

Are you 12 years old?

 

[Captain Caveman]

You build a straw man. You are happy with losing freedoms and being poor. Shit in the rivers and the other downsides.
You dont care because you are crazy.

Shit has been in the rivers since man shat in the rivers. Shit was in the rivers even when part of the EU, if you think shit only appeared after leaving, you're a thicko.

My finances have never changed. Sorry, I lied, they've crept up from £120 a day when we left the EU, I'm now charge £170 a day. As for freedom, someone needs to tell the UK because nothing has changed on that score.

 

[Captain Caveman]

The critical disastrous decisions​

Since the Conservatives won office in 2010, the faction which favours shifting wealth and income from workers to the corporate sector and from the poor to the rich has gained ascendancy. It succeeded in 2011 in cutting the corporate tax rate from 28% – arguably the optimum level – to 26%. It was slashed further over the next six years to just 19% in 1917. The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate, government revenue declined and budgets remained in deep deficit. The national debtdeepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Britain’s national debt was 95.9% of GDP last year and will be much higher this year.

Experiences abroad​

Economists watched Australia’s economy gradually decline from 2014 to 2022 as corporate tax evasion ate away at the nation’s revenue and as rorts and waste led to totally unnecessary deficits and ever-expanding debt.

More recently, they observed the collapse of the U.S. economy after Donald Trump slashed taxes on the rich in 2017. Since then, U.S. deficits have worsened, the debt has deepened and the interest on the debt has become a burden that will bedevil America’s economy for at least a generation.

This is why when Truss and Kwarteng announced further tax cuts, the markets said, “Okay. That will wreck the British economy even further. We are out of here!” — the response that triggered, first, Kwarteng’s sacking and then Truss’ resignation.

Media mendacity​

If the consistent experience in Australia, Britain, the USA and elsewhere proves that right-wing economic policies always fail, why on Earth do voters keep voting conservatives back in?

Mediacloud.org tracks topics covered by the UK national media going back to the early 1990s. The grey chart, below, shows the level of attention on national debt since 1995.


(Data sources: Mediacloud, Trading Economics)

Clearly, there is no relation whatsoever between the actual level of the national debt and media coverage thereof. The two striking features of the blue line in this graph are the surge around May 1997 and then the sudden drop in interest in May 2010. Those were the dates when Labour took office and then left office, respectively.

We can make similar graphs for other indicators of economic health. We can make graphs also for Australia and the USA.

In all three countries, the craven mainstream economic media operate primarily to deceive readers and viewers into believing conservatives manage the economy better than progressive parties.

The hard, cold facts show overwhelmingly that the opposite is the reality.

Like Donald Trump, Liz Truss has left a terrible mess. The British media are primarily to blame.

The shortest prime ministership in British history – with Liz Truss resigning after 44 days – is not just a political disaster for the Conservative Party in the United Kingdom. It has powerful lessons on economic policy for Americans and others. The...

m.dailykos.com

After 5 months of Labour, we can all safely say, "All is forgiven Liz"

 

[initforme]

A rising tide doesn't raise all ships.