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  1. #1
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    Default Keep An Eye On UK Economy

    New Prime Minister seems to be keeping her promises, though so far the 'experts' aren't happy.

    https://www.wsj.com/articles/the-uni...hare_permalink


    "The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill


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    Quote Originally Posted by Kathianne View Post
    New Prime Minister seems to be keeping her promises, though so far the 'experts' aren't happy.

    https://www.wsj.com/articles/the-uni...hare_permalink
    Very nice. Two things...

    Mr. Kwarteng axed the 2.5-percentage-point increase in the payroll tax imposed by former Prime Minister Boris Johnson, and canceled a planned increase in the corporate income tax rate to 26% from 19%.
    But conservative...

    And...

    Every other central banker in the developed world would probably love to be in Mr. Bailey’s shoes right now. As they have tightened monetary policy to combat inflation, they all beg their political counterparts to enact supply-side pro-growth policies to ease the recessionary impact of tighter money. Mario Draghi said it in every speech when he ran the European Central Bank. Mr. Bailey has a Prime Minister who’s actually doing this, and all he can do is complain.
    United States early 80s. Volcker had already been doing the tightening but some supply side growth really gave another purpose for all those dollars floating around. Let's see if it works and then if the Republicans can take note and rise above the bickering.
    "when socialism fails, blame capitalism and demand more socialism." - A friend
    "You know the difference between libs and right-wingers? Libs STFU when evidence refutes their false beliefs." - Another friend
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    Quote Originally Posted by Kathianne View Post
    New Prime Minister seems to be keeping her promises, though so far the 'experts' aren't happy.

    https://www.wsj.com/articles/the-uni...hare_permalink
    Worth watching. I don't expect our current Amin to learn anything from it any more than it has learned from Europe's fantasy world going green while being heavily dependent on imported (from Russia mainly) energy.
    “When bad men combine, the good must associate; else they will fall, one by one, an unpitied sacrifice in a contemptible struggle.” Edumnd Burke

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    Quote Originally Posted by fj1200 View Post
    Very nice. Two things...



    But conservative...

    And...



    United States early 80s. Volcker had already been doing the tightening but some supply side growth really gave another purpose for all those dollars floating around. Let's see if it works and then if the Republicans can take note and rise above the bickering.
    Surely you jest. They can't even rise above the bickering to take advantage of this Admin's failures for the Midterms.

    If this is a long term strategy (for Truss-the UK), the left will surely try and sabotage it.
    “When bad men combine, the good must associate; else they will fall, one by one, an unpitied sacrifice in a contemptible struggle.” Edumnd Burke

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    Quote Originally Posted by Gunny View Post
    Surely you jest. They can't even rise above the bickering to take advantage of this Admin's failures for the Midterms.

    If this is a long term strategy (for Truss-the UK), the left will surely try and sabotage it.
    No jest. Just hope.
    "when socialism fails, blame capitalism and demand more socialism." - A friend
    "You know the difference between libs and right-wingers? Libs STFU when evidence refutes their false beliefs." - Another friend
    “Don't waste your time with explanations: people only hear what they want to hear.” - Paulo Coelho


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    "The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill


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    "The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill


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    Quote Originally Posted by Kathianne View Post
    Isn't that the truth.
    “When bad men combine, the good must associate; else they will fall, one by one, an unpitied sacrifice in a contemptible struggle.” Edumnd Burke

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