Oh will you look at that! A government u-turn!

[tenbob]

AIBU to think this government is now totally dead in the water..?

Wonder what all the Truss handmaidens tying themselves in knots to defend the tax cut will say now..?

Trying to buy people off as cheaply as possible, throwing us a puny bone because we don’t understand and have got distracted on a headline.

no recognition that people need support and public services need investment not cuts

I can't believe some on here are defending this (the original budget) and calling others out firbeing disgusted by the whole sorry saga. It's indefensible. I say that as someone who has voted tory in the past and who usually stands up to object when tory voters are called scum.

I loathed BJ, but this lot are an absolute unfunny joke. I think the Conservative membership who voted for LT deserve every bit of contempt that gets flung their way. They really are criminally out of touch and in their own weird bubble.

She's a liar through and through. Defends it ALL week; even disappears for four days, blames the chancellor and reverses it.

People don't need instability, certainly not right now. It's almost as if our prime minister has bipolar constantly switching. (No offence to anyone!)

There are a lot of unfunded tax cuts which I think have also spooked the markets.

But to go on this course for 10 days, and to go on an interview yesterday to say that it was staying, and to say that she didn't care about the optics, she should have laid the ground earlier and that it was the right thing to do...

The attack ads from Labour just write themselves at the moment

Also it's a tiny bit of a good thing too because labour is definitely getting in on the next election. Hurray!

She and Kwartwng were arrogant in the extreme (or simply just fucking too stupid) in not even consulting their own cabinet, let alone the OBR.

But hey ho. A few nauseatingly rich people got richer thanks to the debacle.

@OhhhhhhhhBiscuits Exactly, part of me wonders whether this wasn't the plan all along so they xan make loads of money and then say look how amazing we are listening to the people.

@SleeplessInEngland

I know right?

Let's all protect the utter morons who are 'running the country'

Yes - people are entitled to complain.

Let's hope there's enough common sense to vote Labour in and get shot of the flaming bloody useless Tories. The whole shambolic lot of 'em.

Why announce it and then change their minds? Honestly, it has nothing to do with the population calling for a general election or all the fuss about this on Twitter. The only reason Truss is changing course is because it has become clear to her that there would be a massive rebellion in her own party, led by Michael Gove and Grant Schapps. If they voted against it with the Labour Party, she would have no way of getting it through parliament.

She had no choice but to u-turn.

Just leaving this here, even if you don't sign share it away. Nothing like a bit of pressure to make them see a bit of sense!

petition.parliament.uk/petitions/619781

Daftest decision they could have come up with, so a sensible U-turn on that policy, but I agree with PP they should not reverse IR35 or Corp Tax for that matter.

Kwarteng on LBC atm

Good they’ve reversed but reminder not to engage my headspace so much as it’s a waste

Thank god. One less thing for you all to whinge about..

The population and the Twitterati are becoming ungovernable

No, we have a government that is unable to govern due to immense levels of fuckwittery.

This is hilariously pathetic. It's going to be a messy week.

I have been wondering this. I lack expertise to know if the details are as I understand them. But hasn't everyone been subject to fiscal drag in last 10 years? Raising all the income transition points would have been very popular, resulted in effective tax cuts, and could have been introduced alongside a corporate tax reduction that would have attracted little attention about FatCats.

Another possibility was reintroducing the 10% tax band. that would have been super popular, too, and fit with the "work not govt handouts" Tory value.

I imagine today's reversal will do a lot to calm markets because it will show Govt is listening & can find flexibility in their policies. They may not be pure idealogues after all.

Possibly many people attending that champagne reception?

This.
It doesn't matter how bad the Conservatives are , Labour will never be voted in. People say things to opinion polls that they would never do in a voting booth. They say it to give the Consevstives a kick, then vote Conservative. There is simply no credible alternative.

They can U-turn all they like but LT and KK have shown they are only interested in the very rich and people won't forget that.

I d prefer a leader who did not have such appalling bad judgement, remember, as FS she advised uk men to go and fight in Ukraine.

Her energy policy is also hyper expensive (the most expensive in Europe) and is perhaps the real reason the markets have reacted so badly to the mini budget.

Is the short selling and who was involved being investigated? This is potentially a major scandal.

We might still have a conservative government as voted for in 2019, but their policies and leader is not the ones voted for. Liz Truss and the direction she has taken the country wasn't even chosen by Conservative MPs (which could be argued to be sort of democratic), but by a few Conservative party members. That is not democracy. It's not "wanting a General Election when people don't like something the government does" it's wanting a general election when the Government is doing things that the population didn't vote for.

I have a bad work week ahead but at least I am not (re)writing Truss' speech for the fifteenth time!

I am very much looking forward to seeing what Truss has to say next...

They've only reversed it to save a massive Commons defeat at the hands of their own backbenchers (who are likely cr@pping themselves).
The next time they talk about making savings in the public finances though it will ring somewhat hollow won't it? After the billions poured down the drain in the past week.
I honestly think the couple of apologists who've crept into this thread must have been in that tiny number of Tory party members who voted for Truss.

@AngelinaFibres In my case I completely disagree with you, I think the Tory party have the least credibility of all.

That would be nice, but clearly difficult for this government.

And to think, all those poor people switching mortgages right now. Iannistunut are you for real? People are suffering already and are now on their knees because of this. The UK is in a complete mess and that's your response 🤦