Politics Thread 7: Dishy Rishi's Cabinet of Horrors

[Moggy]

Hunt speaking to the nation at 11am (which seems very odd, how often does the Chancellor do this?) And then Parliament this afternoon.

11am address: "I am fully behind the Prime Minister"

2pm in Parliament: "Now that the Prime Minister has resigned, I am appointing myself Lord Protector"

[Dowbocop]

“Out of sympathy for her financial situation”? So all former PMs get this, even if they’re millionaires, while benefits claimants are means tested and treated like scroungers? Time to change the rules.

Plus they made Thatcher a Baroness, so I assume she got that £300/day or whatever (at least) just for rocking up to the HoL.

[rinks]

They’d better not have the nerve to “reward” Truss with a peerage.

[Cuttooth]

Hunt speaking to the nation at 11am (which seems very odd, how often does the Chancellor do this?) And then Parliament this afternoon.

11am address: "I am fully behind the Prime Minister"

2pm in Parliament: "Now that the Prime Minister has resigned, I am appointing myself Lord Protector"

So this is how liberty dies. To the thunderous sound of that weird braying noise MPs make in Parliament.

[rinks]

strawberry floating hell.

A source has said it is expected that the government's energy price guarantee will be scaled back by the chancellor.

[Tomous]

twitter.com/Steven_Swinford/status/1581945801479446528

[Qikz]

strawberry floating hell.

A source has said it is expected that the government's energy price guarantee will be scaled back by the chancellor.

Ah yes, because that's what's strawberry floating the markets. The poors are getting too much help (which isn't much at all)

[William Shatner]

Austerity 2.0

[rinks]

The chancellor is reversing almost all tax measures announced in the growth plan three weeks ago that have not started parliamentary legislation, he has just said in a video statement.

The reason he is announcing these measures is to provide confidence and stablility but he will provide more details in the Commons later, Hunt said.

"We will continue with the abolition of health and social care levy and the stamp duty changes," he said.

We will no longer be proceeding with cuts to dividend tax rates, non-payroll working reforms, the new VAT-free shopping scheme for non-UK visitors and the freeze on alcohol duty rates."

The health and social care levy was to be funded by a rise in National Insurance payments - which the government scrapped. This looks like one major part of the mini-budget being retained.



The chancellor has scrapped plans to cut the basic rate of income tax from 20p in the pound to 19p from April next year.

He says it is not right to borrow to fund this tax cut. The rate will remain indefinitely at 20p until economic circumstances allow it to be cut, he says.

The measure was announced by former chancellor Kwasi Kwarteng in September's mini-budget - he said it would benefit more than 31 million people.

[KK]

Clearly some people didn't and don't need the energy price guarantee, but what does "targeting support to those most in need" and "business support will go to those most affected and will incentivise energy efficiency" actually mean apart from saving government spending? Who knows. Public being messed about with again.

[Garth]

Utterly humiliating for Truss and her party.

twitter.com/Steven_Swinford/status/1581953939251269632

[Dual]

Steady hand back on the tiller

[KK]

Yesterday morning...

twitter.com/JakeBerry/status/1581560035791945729

Teehee.

[Qikz]

Austerity 2.0

Austerity never ended under the Tories lol

[Sprouty]

Curious to understand the impact on energy bills in particular. When we sign up to a new fixed rate energy bill in December, the support will be in place. But the rate is locked in for a year, so will the current fix stay in place for the full new year, or would we be looking at a rate now and an amended rate after April?

Looking forward to hearing from the House of Commons this afternoon.

[KK]

The big story: 7p on a pint of beer, 4p on a pint of cider, 38p on a bottle of wine and £1.35 on spirits. Happy Christmas.

[Ecno]

strawberry floating hell.

A source has said it is expected that the government's energy price guarantee will be scaled back by the chancellor.

Ah yes, because that's what's strawberry floating the markets. The poors are getting too much help (which isn't much at all)

Yes.... It was a huge open ended USD liability, incredibly poorly designed, both not encouraging energy savings on those who didn't need the help, whilst still massively increasing the cost to those struggling.

[KK]

What stunted horse gooseberry fool is going to fall out of Liz Truss on Wednesday. If she gets there.

[poshrule_uk]

I don't understand why the government wasn't telling businesses to turn of unnecessary light's during the night and having a public information campaign on energy use.

[Garth]

twitter.com/BethRigby/status/1581957304013926400

twitter.com/MattChorley/status/1581957780079923202

twitter.com/RachelReevesMP/status/1581957397580742656

twitter.com/christopherhope/status/1581951631179931648