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[Politics] Liz Truss **RESIGNS 20/10/2022**



BenGarfield

Active member
Feb 22, 2019
317
crawley
Can't help notice the IFS are concluding the total bill for Truss's tax cuts have rise £17B from £45B to £62B

For the record Johnson's plan to build 40 hospitals (if you believe it), cost £3.7B

She's expensive
The IFS is wrong. Tax doesn’t fund government spending so the comparison is meaningless
 




Bob!

Coffee Buyer
Jul 5, 2003
11,181
It’s appalling that there is no facility for Parliament to call a general election when a government gets itself in this much of a dangerous mess.
There is:

Calling a motion of no confidence is one of two ways that an early general election can be triggered, under the terms of the Fixed-term Parliaments Act 2011. This was the first time a no confidence vote had been called since the passing of the Act.

The other way to trigger an early general election under the Act is if at least two thirds of MPs support a motion calling for an early general election—which is what happened when Theresa May called her snap election in 2017.

 


WATFORD zero

Well-known member
NSC Patron
Jul 10, 2003
26,092
The IFS is wrong. Tax doesn’t fund government spending so the comparison is meaningless
The experienced professionals at the IFS are all wrong and a student studying economics is right. Here we go again :rolleyes:

Can you please start a thread on your economic theories and stop trying to constantly derail this one, thanks (y)
 


sparkie

Well-known member
Jul 17, 2003
12,599
Hove
Would Sunak want to just be Chancellor again ?

He is a billionaire who can walk away at any time.

He now has a Nostradamus reputation after predicting the Truss chaos.

If he comes back as mere Chancellor the only way is down for Nostradamus.

He'd be obviously love to be PM, but I'm not so sure much could persuade him to step in as Chancellor.
 






The Clamp

Well-known member
NSC Patron
Jan 11, 2016
24,703
West is BEST
There is:

Calling a motion of no confidence is one of two ways that an early general election can be triggered, under the terms of the Fixed-term Parliaments Act 2011. This was the first time a no confidence vote had been called since the passing of the Act.

The other way to trigger an early general election under the Act is if at least two thirds of MPs support a motion calling for an early general election—which is what happened when Theresa May called her snap election in 2017.

Thank you, I shall read that.
 




Audax

Boing boing boing...
Aug 3, 2015
2,994
Uckfield
There is:

Calling a motion of no confidence is one of two ways that an early general election can be triggered, under the terms of the Fixed-term Parliaments Act 2011. This was the first time a no confidence vote had been called since the passing of the Act.

The other way to trigger an early general election under the Act is if at least two thirds of MPs support a motion calling for an early general election—which is what happened when Theresa May called her snap election in 2017.

Fixed term parliaments act was repealed by Boris. GE can be called at any time by the government, or it can be forced on them via a no confidence vote.
 






Hugo Rune

Well-known member
NSC Patron
Feb 23, 2012
21,839
Brighton
In what way is this derailing the thread. Could you explain?
Must. Derail. The. Economy.
Must. Derail. The. Economy.
Must. Derail. The. Economy.
Must. Derail. The. Economy.

4B12BD00-6B4D-4B2D-BC35-05CB92EE15B0.jpeg
 








sparkie

Well-known member
Jul 17, 2003
12,599
Hove
I have suggested before on this thread that you move your MMT discussions to a dedicated thread.

You prefer endless arguments about economic theory on a thread about the PM - who has demonstrared ittle knowledge or grasp of the subject.

It is great you want to discuss economic theory. Just, once again, please not on this thread.
In what way is this derailing the thread. Could you explain?
 


Audax

Boing boing boing...
Aug 3, 2015
2,994
Uckfield


Entire thread is worth a read. Truss and Kwarteng standing on a cliff edge right now. They can either step away from it (massive u-turn) or jump off it (and take the economy with them).
 




BenGarfield

Active member
Feb 22, 2019
317
crawley
The experienced professionals at the IFS are all wrong and a student studying economics is right. Here we go again :rolleyes:

Can you please start a thread on your economic theories and stop trying to constantly derail this one, thanks (y)
Not just me, as I and others have pointed out. More experienced and cleverer brains than the IFS have developed the MMT school of economic theory for over thirty years, and have held senior advisory roles, for example in the USA Professor Stephanie Kelton was at one time chief economist on the senate budget committee.
 


Hugo Rune

Well-known member
NSC Patron
Feb 23, 2012
21,839
Brighton
Can't help notice the IFS are concluding the total bill for Truss's tax cuts have rise £17B from £45B to £62B

For the record Johnson's plan to build 40 hospitals (if you believe it), cost £3.7B
I don’t think anyone believes he was going to build more than 3 or 4 hospitals whilst giving the rest of them a lick of paint, passing them off as new relying on the ‘working Tory’ electorate being as-thick-as-****ing-pig-shit and not noticing or caring about the lies.
 


WATFORD zero

Well-known member
NSC Patron
Jul 10, 2003
26,092
Not just me, as I and others have pointed out. More experienced and cleverer brains than the IFS have developed the MMT school of economic theory for over thirty years, and have held senior advisory roles, for example in the USA Professor Stephanie Kelton was at one time chief economist on the senate budget committee.

No, it's you that is saying the IFS are wrong, nobody else said this.

The IFS is wrong. Tax doesn’t fund government spending so the comparison is meaningless

Can you now please start a new thread to discuss the MMT school of economic theory and, as a number of people have now asked, STOP TRYING TO DERAIL THIS ONE
 


Audax

Boing boing boing...
Aug 3, 2015
2,994
Uckfield
10 yr Gilt Yields now plunging (currently below 3.9% having opened the day at 4.2%) on the back of fresh rumours / reports that the u-turn will be carried out *later today*.

Edit: #10 has confirmed there's now a press conference scheduled for later today.

 




KZNSeagull

Well-known member
Nov 26, 2007
19,998
Wolsingham, County Durham
I don’t think anyone believes he was going to build more than 3 or 4 hospitals whilst giving the rest of them a lick of paint, passing them off as new relying on the ‘working Tory’ electorate being as-thick-as-****ing-pig-shit and not noticing or caring about the lies.

Do you really think that you are going to get them to change their vote by describing people like this?
 




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