Comments by "ʃuðɼinga ƿeoɼc" (@uingaeoc3905) on "British economy 'more RESILIENT than we thought' | Alex Chalk analyses latest inflation figures" video.

  1. If the UK is 'more resilient than people realise' why could we not have had the Truss-Kwartang tax cuts, which would have given people more of their own money to spend and created growth.
    2
  2. #unt thinks raising taxes on the cusp of a recession, increasing ALL immigration as pretend growth and does not understand how inflation is caused by government spending, especially on Green Levies and VAT on utilities!.
    1
  3.  @pwimbledon  Waffle - the under qualified GCSE's are running the country - they are at the Treasury under #unt and understand nothing about economics. The Tax Cuts were to be modest and to set aside Sunak's INSANE tax proposals when he and then Johnson left office. The proposal by Truss-Kwartang was NOT to increase taxes. Only reason we have this High Tax policy is because the GDP-Debt Ratio of the Maastricht Treaty Convergence Rules are still being followed. Brown decided in 1997 that Sterling would not converge with the Euro. This is the usual pro-EU treasury and Establishment position of rejoining the EU. The UK's debt being bought by investors is because the UK is a safe haven, they actually have a lower interest rate than inflation. In effect the UK is being paid to hold their money. The fact is that Interest rates on UK borrowing is low because most of the high interest bonds were refactored so owned by the Treasury. I can assure you there is no term such as 'humungous' in any branch or theory of economics. What is necessary is to manage the deficit and debt repayment system. A growth plan allowing people to spend their own money, rather than Treasury bureaucrats taking your income and spending it on pet projects is INFLATION inducing and inimical to growth. The Treasury argue , as does #unt, that increasing the number of international poor immigrants somehow increases GDP even through it reduces the working classes wage levels. So less of your third rate Pre School Economic Theory.
    1