#trussonomics — Public Fediverse posts

The economic fantasies of Reform UK

Nigel Farage’s fiscal arithmetic is as eye-catching as it is unserious.

[…]

That reality is the sticking point. Raising the tax threshold to £20,000 is estimated to cost between £50bn and £80bn all on its own. Reform claims to have found a cool £225bn down the back of the Treasury sofa by scrapping net zero and insists it could save more still by cutting funding to quangos. Good luck, as they say, with that.

But how successful will Reform’s opponents be at pointing this out? Shadow chancellor Mel Stride has been out and about, calling Farage’s plans “fantasy economics”, while Labour has gone for “fantasy promises”. Farage’s answer to this charge was that all parties fudge the figures in their manifestos, suggesting Reform’s creative accounting was par for the course. Against the general backdrop of disillusionment with the political establishment, the narrative will be that Reform are no worse than the other parties – and that official estimates should be viewed sceptically anyway.

One attack line might get through. “Trussonomics on steroids” was how the Liberal Democrats responded to Tuesday’s proposals.

The economic fantasies of Reform UK, New Statesman

#failedToDoHomework #fantasyEconomics #netZero #ReformInefficiencyDepartment #Trussonomics #InTheNews

I know its still hard for most to get an understanding of how massiv the #Trump win will fuck up the American (and Global) #Economy.

But try to imagine #Brexit and #Trussonomics on the scale of a continent.

https://www.reuters.com/world/us/trumps-economic-plan-hinges-tax-cuts-tariffs-immigration-crackdown-2024-11-06/

🎃 🏚

Liz Truss to host ‘growth rally’ on fringe of Tory party conference | Liz Truss | The Guardian
https://www.theguardian.com/politics/2023/sep/28/liz-truss-to-host-growth-rally-on-fringe-of-tory-party-conference

#Truss
#Trussonomics
#ToryPartyConference

Liz Truss backers in City 'made small fortunes shorting the pound', report claims
25th September 2022
LIZ Truss-supporting investors made “small fortunes” as the value of the pound plummeted following the radical Conservative budget a report has claimed.

https://www.thenational.scot/news/22638822.liz-truss-backers-city-made-small-fortunes-shorting-pound-report-claims/

#ToryCorruption #Toryfailure #Trussonomics #cronyism

TRUSS TO BE BILLED FOR MISSING ITEMS
The items include bathrobes, slippers, and the country's entire cash reserves. From the new Private Eye, out now.
#PrivateEye #Truss #Trussonomics

#Conservative policies going well in the #UK , especially the impact of #trussonomics :-
'Brits need to accept they are now poorer, Bank of England chief economist says'
https://www.cnbc.com/2023/04/26/bank-of-englands-huw-pill-says-brits-need-to-accept-were-all-worse-off-.html

Yorkshire Bylines
Lords of the lies: Brexit propagandists could get peerages in Truss honours list
The men behind Trussonomics and Brexit, the two great man-made catastrophes of recent years, are to be honoured for their ‘great work’

https://yorkshirebylines.co.uk/news/brexit/lords-of-the-lies-brexit-propagandists-could-get-peerages-in-truss-honours-list/

#peerages #brexit #Trussonomics

Lords of the lies: the men behind Trussonomics and Brexit, the two great man-made catastrophes of recent years, are to be honoured for their ‘great work’ | Anthony Robinson

#Trussonomics #Brexit #Honours #Brexit
https://yorkshirebylines.co.uk/news/brexit/lords-of-the-lies-brexit-propagandists-could-get-peerages-in-truss-honours-list/

#trussonomics #ToriesBrokeBritain

Sebastian Payne @financialtimes suggests that #Trussonomics is the 'word of 2022' which he defines as:
'(noun) a radical programme of libertarian free-market economics based on unfunded tax cuts. To be handled with great caution'.

We might also hope that it represents peak-influence of the #thinktanks at 55 Tufton St. as having got what they always wanted - their person in No.10 - they spectacularly failed by the very measure they claim all things must be judged by:
the #market!

#Britain: inevitable result of austerity: Lives lost, earnings lost, years lost. Unlike #Trussonomics, #austerity is a slow and silent #killer. For the best part of 12 years, the #Conservatives sowed the seeds. This year they’re reaping the harvest https://www.ft.com/content/b2154c20-c9d0-4209-9a47-95d114d31f2b

Getting somewhat sick of this narrative that all the issues the UK economy face are due to global headwinds. We are the only G7 country with negative growth, the short-lived disaster that was #Trussonomics literally increased the blackhole by £30bn, let’s not forget £16bn lost to Covid fraud. The highest tax burden in decades, public services on their knees. It’s not a question of policy, it’s pure incompetence and mismanagement that has got us to this point. #UKPolitics #AutumnStatement

#crisis #cost_of_living #trussonomics #fossil_fuels #green_energy #queen_funeral #king_charles #monarchy #republicanism #dissent #protest #msm #fascism #westminster #constitution #politics #economics #uk #global #future

Toot Redux (first published 10th July 2022)