To wonder if Kwasi Kwarteng is a visionary and Liz Truss a great leader

[ResplendentQuetzal]

Any chance they know what they're doing and this is going to be wonderful for all of us.

I mean, surely they know something we don't?

Can I ask are things bad enough that they wish Boris was still in charge? Seems like it might be a case of better the devil you know. (Not in the UK so genuinely curious).

It's tedious when the other side does it too - STOP

It's not up to us is it? We are at the disposal of the Conservative party in that regard.

@pigsDOfly - that's worryingly plausible 😭

I agree something bold and outside the box was needed but I cannot believe what an own goal has been scored with these tax changes.

All they had to do was take anyone earning under £25k out of paying taxes and it would have made such a difference to so many people whereas now the only commentary is about bankers bonus and tax cuts for the rich

They've been planning this for a very long time. Truss and Kwarteng, Patel and Raab wrote a book about it 10 years ago. You can buy it on Amazon. Here's a review of "Britannia Unchained":
"For these authors – all members of the party's right-leaning Free Enterprise Group – it is a binary world, where everything is forward or back, progress or decline, sink or swim, good or bad. They do not appear to see the world as a complex place. The choice is between regulation and dynamism: their ideal worker is one prepared to work long hours, commute long distances and expect no employment protection and low pay. Their solution to the problem of childcare is unregulated, "informal and cheap childminders". We need dramatic cuts in public expenditure, they argue, to be matched by equivalent tax cuts. The demonisation of the welfare recipient continues apace; a broad dystopian worldview dominates the future. The bottom line for these Tory radicals is that the notion of community, society or indeed country is always trumped by textbook economic liberalism."
"the authors of Britannia Unchained represent a project that is extreme and destructive, and which threatens the essential character of our nation. It is because this faction is in the ascendancy that Cameron is actually failing; he remains captive to an economic reductionism that could well destroy conservatism – in the proper sense of valuing and conserving the nature and assorted institutions of the country.
Cameron is not one of this crew. Tactically, in the short term he might survive; but in the medium term he is toast. The economic liberals' march through the Conservative party will continue; every day there is less and less opposition, and they will eventually win."
www.theguardian.com/books/2012/sep/27/britannia-unchained-global-lessons-review

Of course even if the mini budget was cunning genius, if the market thinks something is utter madness it automatically becomes so through loss of confidence, and the pound plummets.

Like Liz Truss I’m not an expert, but it definitely looked more like bloody idiocy than cunning plan to me in any case

I think you might be on to something OP!

I'm sorry, I don't know where that random *to came from.

A mother on the school run today took great pleasure in informing me not to worry; that the chancellor has pulled a genius and it was a great move to cut the 45% tax rate. Her reasoning; those earning £150K+ Will have more disposable income, will spend more = will save the economy. She also said high earners shouldn’t be penalised for being successful….

she is a doctor.

Man alive. John Cruddas was right on the money.

Oh you made me laugh
Slightly hysterical but hey

same refreshments that Kwarteng enjoyed before the funeral?

🤣 @midgetastic

Sometimes you just have to.

maybe they’ve transported us all to a sit com and there’s an audience of people laughing heartily at the whole debacle.

Ah, the old trickle down economics. More like piss on the lowly peasants beneath you.

Black Wednesday 2 - Electric Boogaloo.

I think we as a country are screwed. They are monumentally fucking it all up even more quickly and more spectacularly than the last couple of governments. I am genuinely scared.

Are you drinking or on drugs? They have lost £1,000,000,000,000 from pension funds & investments in 5 days.

It's not just the tax cuts for very high earners. They're doing lots of other highly harmful stuff too. Apparently the policies they're already bringing in are going to devastate the environment in the UK. And they're removing various planning controls and employment rights.

HA HA HA HA HA!

What’s the point of getting into a prestigious school if they use their good fortune unwisely?

It was cunning to make a lot of money for themselves and their friends out of all this and face no sanctions. Crispen Odey hedge fund manager and KK’s former employer has done well, apparently.

I just hope they didn’t swear their oaths on a bible because they ain’t getting into heaven or anything…

Tax cuts for the wealthy and trickle-down economics? Jesus had plenty to say about that…

Don't worry, folks, Margaret Thatcher's haunted blouse is planning to speak this morning to reassure us that she and Krazi Kwazi have got this.

And Whitehall ministers are going to slash billions off budgets. Good old Tories 😟

I hear Truss is doing local radio, I am looking forward to hearing the words of wisdom she has for us all.

I think that the people from the International Monetary Fund just don't understand international money, so hopefully Liz can explain it simply for them.

We all know Maggie would tell her to sod off.

Local radio. That’s awfully brave of her.

At least she won’t have to worry about trying to disguise the smirk she’ll have on her face.