How much longer will this bear market go on for?

Type_45

masonic said:

Type_45 said:

sevenhills said:

GSP said:

Quite agree with nearly all of this.

While they have just reversed some recent decisions, I would have liked them to go the whole or further hog than cutting tax by just 1p to 19p. If they really believed in what they are doing it should have gone down to 15p to ‘get things moving’.
It seems to me by just the 1p cut they are a ‘little scared’ what may happen.

I would like to buy camper van, but I don't because of the debt.
We may help our children get on the housing ladder, but they will be paying this governments debt.

"This government's debt"...  so all the people who supported these policies are going to absolve themselves from any responsibility?

I think we all know the answer to that. Best to think of it as the British taxpayer's debt.

British tax payer's debt which some people were dead against all the way through. 

Those who supported these policies must accept responsibility.

This is wartime-like spending.

Millyonare

Type_45 said:

masonic said:

Type_45 said:

sevenhills said:

GSP said:

Quite agree with nearly all of this.

While they have just reversed some recent decisions, I would have liked them to go the whole or further hog than cutting tax by just 1p to 19p. If they really believed in what they are doing it should have gone down to 15p to ‘get things moving’.
It seems to me by just the 1p cut they are a ‘little scared’ what may happen.

I would like to buy camper van, but I don't because of the debt.
We may help our children get on the housing ladder, but they will be paying this governments debt.

"This government's debt"...  so all the people who supported these policies are going to absolve themselves from any responsibility?

I think we all know the answer to that. Best to think of it as the British taxpayer's debt.

British tax payer's debt which some people were dead against all the way through. 

Those who supported these policies must accept responsibility.

This is wartime-like spending.

UK has just been through a two-year war on covid, so extra govt debt is to be expected.

A lot of folks are massively overreacting to this new budget. No other G7 country in the world is raising taxes in the post-covid era. UK must not raise taxes. Cutting taxes, to give the people their own money back, is good.

Besides, the Truss giveaway is (much) less than we think. The 1-5% income tax cuts are going to be largely wiped out by the fiscal drag of the unchanged £12k and £100k tax allowances.

We as a country need to get away from this relentless doom-loop of knee-jerk hysteria and panic every time a policy change is made. It's pathetic.

Type_45

The new Lehman?

sevenhills

Type_45 said:

Those who supported these policies must accept responsibility.

This is wartime-like spending.

We are in massive debt so that people can put their central heating on, very few had central heating in the last war.
I haven't put mine on yet. Tax cuts for those on the higher income tax bracket will not boost spending in the high street. It's the poor that spend more of their income in the UK.

sevenhills

Millyonare said

UK has just been through a two-year war on covid, so extra govt debt is to be expected.

A lot of folks are massively overreacting to this new budget. No other G7 country in the world is raising taxes in the post-covid era. UK must not raise taxes. Cutting taxes, to give the people their own money back, is good.

Besides, the Truss giveaway is (much) less than we think. The 1-5% income tax cuts are going to be largely wiped out by the fiscal drag of the unchanged £12k and £100k tax allowances.

We as a country need to get away from this relentless doom-loop of knee-jerk hysteria and panic every time a policy change is made. It's pathetic.

It's been reported that the tax giveaway is the biggest since the war.
Giving tax cuts will just result in more consumer spending, we need growth. Thousands of people are not working because they are waiting for NHS operations. More spending on the NHS would be more likely to create growth.

Altior

sevenhills said:

Type_45 said:

Those who supported these policies must accept responsibility.

This is wartime-like spending.

We are in massive debt so that people can put their central heating on, very few had central heating in the last war.
I haven't put mine on yet. Tax cuts for those on the higher income tax bracket will not boost spending in the high street. It's the poor that spend more of their income in the UK.

It's also thousands of businesses, and public services under threat (schools et al). Effectively, normal life. Again. 

Anyway it wouldn't have been politically viable not to have taken radical action. We aren't as resilient as we used to be. After the lockdown giveaways they weren't going to live in the cold through the winter. 

Type_45

Type_45 said:

Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30

https://www.catholicnewsagency.com/news/252093/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30

Are we about to find out why...

Bobziz

Type_45 said:

Type_45 said:

Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30

https://www.catholicnewsagency.com/news/252093/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30

Are we about to find out why...

If you do further research you'll see it's about controling investment to ensure that its in line with Vatican policies.  

Type_45

Bobziz said:

Type_45 said:

Type_45 said:

Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30

https://www.catholicnewsagency.com/news/252093/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30

Are we about to find out why...

If you do further research you'll see it's about controling investment to ensure that its in line with Vatican policies.  

Righto...

Type_45

Black Monday, anyone?