Comments by "jjeffery worboys" (@jjefferyworboys8138) on "Truss U-Turn: Chancellor 'needs to go' - Liberal Democrats" video.

  1. Very good !
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  2. The top 1% of earners pay 38% of all income tax, the bottom 50% pay just 10%. Hard to ague with facts.
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  3. She does now which pleases me, a tax cut in the basic rate and a saving of £2500 on the stamp duty for my new house. Happy days !
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  4. He was a Financial Analyst for J P Morgan Chase Investment Bank and a Hedge Fund, hardly a newbie. How does your CV compare ?
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  5. These companies already pay 40% tax, when all other companies pay 19%. The 25% levy Sunak introduced in May is expected to raise £5bn in its first year.
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  6. Give it a try in Russia, no time like the present.
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  7. Gordon Browns almost total de regulation of the financial sector left it vulnerable. Banks are now strictly regulated and all their balance sheets stronger. Very few banks actually needed a bailout. The UK's biggest HSBC didn't and the CEO was against any form of bailout. What a business decides to pay its employees is a commercial decision and Government interference is wrong. Just imagine if they decided to cap all Premier Division footballers and managers earnings, how many would stay in the UK ?
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  8. May 2024, only the PM can call one before.
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  9. Why would a tax cut costing @ £2 bn do this amount of damage ? They wouldn't ! The UK has too much borrowing, adding another £47 bn by way of tax cuts to be paid for by increasing already huge Government borrowing, unsettled the markets.
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  10. Truss did exactly what she promised in her election campaign. Sunak would have done what he promised, no tax cuts until the economy improves.
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  11. They pay 40%, when all others pay 19%. Sunaks additional 25% Levy introduced in May is expected to raise £5 bn in the first year. These additional taxes don't raise as much as first think !
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  12. Not increasing Corporation Tax as intended by Sunak applies to all companies large and small. Oil and Gas companies already pay 40% tax, all others pay 19%. What bonuses any employer makes is a commercial decision. Just imagine if the Government told Premier Division football clubs what they could pay players and managers, would they stay ?
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  13. Grow up a blind man could this coming. The UK has too much borrowing, tax cuts costing £47 bn on top of an Energy Price Cap costing £128 bn, on top of Covid costing @ £200 bn all being paid for by increasing borrowings.
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  14. Perception over substance, a sense of unfairness. All the tax cuts are estimated to cost @ £47 bn, the 45% cut just £2 bn !
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  15. The opposition didn't get Truss to change her mind, her MP's did.
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  16. After Boris resigned it took 2 months until Truss became PM. Hardly a good idea to do it all again and leave the country in limbo, once was enough.
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  17. What mistake, they reversed Labours tax increase. Only the timing was wrong, the UK needs to attract the best people. All the tax cuts were estimated to cost £47bn, the reduction in the top rate just £2bn.
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  18. He wasn't my choice, but as Truss only had the support of @ 50 of her MP's in her election campaign, she surrounded herself with her most loyal supporters rather than those best suited for the jobs. To be fair he was the former Business secretary !
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  19. He was both a financial analyst for J P Morgan Chase probably the most successful US Investment Bank and a Hedge Fund. How does your CV compare ?
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  20. How ? The young need to borrow the most and will find themselves either unable to borrow sufficient because the lenders will be more cautious or unable to afford the new considerably increased repayments. The cash buyer, usually much older, is king !
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  21. My "us", don't want one.
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  22. I would like to see a cap introduced on Premier Division footballers and their managers earnings. They make Bankers bonuses look like small change.
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  23. How did a policy costing £2 bn within a total tax cutting budget costing £47 bn, following an Energy Price Cap cost £128 bn, short the pound ? The UK is borrowing too much and the tax cutting budget, to be paid for by further increasing borrowing unnerved the market.
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