Another disappointing result for conservative politics worldwide. While her character may be in question, her policies were on point. I do hope that we're not starting to see a whiplash effect where people are against good, reasoned, conservative policy for the sake of a few bad calls.
Liz Truss resigns as UK prime minister
221–230 of 651 posts
Re: Liz Truss resigns as UK prime minister
#222I know this topic is important in substance and the thing I'm about to say is an aesthetic issue, but as an American watching this unfold I have admired the Brits for the sense of heart that still seems to be present in their politics. I'm referring to the parliamentary sessions in which, even though they're savagely roasting each other, they're doing in a way that feels somehow good-hearted and doesn't lay bare the…
> a way that feels somehow good-hearted and doesn't lay bare the naked resentment and hatred that seems to be all we have left in the USA. Do you think it is real hatred or kayfabe?
It used to be the latter until the marks started getting elected. For the congressional boomers (Pelosi, McConnel et al), it's a grift. For the young crowd (AOC, Crenshaw, etc), it's a mission.
Re: Liz Truss resigns as UK prime minister
#223I know this topic is important in substance and the thing I'm about to say is an aesthetic issue, but as an American watching this unfold I have admired the Brits for the sense of heart that still seems to be present in their politics. I'm referring to the parliamentary sessions in which, even though they're savagely roasting each other, they're doing in a way that feels somehow good-hearted and doesn't lay bare the…
>even though they're savagely roasting each other, they're doing in a way that feels somehow good-hearted and doesn't lay bare the naked resentment and hatred that seems to be all we have left in the USA.
The difference is they all went to the same schools together.
Makes close to zero difference who runs the country, because once you’ve lived under both sides it’s the same thing.
Re: Liz Truss resigns as UK prime minister
#224Earlier quoted context omitted.
Not all the tax cuts announced were bad or badly received. Especially, I think that the cancellation of the rise in corporation tax was very welcome and in fact economists now say that the rise to 25% will make the recession deeper and longer (unsurprisingly, frankly). The issue was that the other cuts, especially abolishing 45p income tax rate but frankly also the decrease of the basic rate, were not discussed, not…
> Not all the tax cuts announced were bad or badly welcomed. Not a tax cut per se, but I'm curious what will happen with the energy bill support scheme? That seemed like a good thing to implement, one for which Truss and her cabinet got a lot of critics from a certain part of the media. Granted, I'm not from Britain so maybe I'm reading the room wrong and that support scheme was, in fact, not liked by everyone involv…
The concept is well-liked, but there were several issues with the execution:
1) Lack of targeted support - the scheme announced by the Truss government, covers everyone in the country - both rich and old. Using taxpayer money to subsidise costs for the rich isn't popular with a lot of people. That would have been OK in the short term (until a better targeted scheme could be implemented), but the original Truss/Kwarteng plan was to have the scheme run for 2 years.
2) Borrowing - Labour favours funding energy bill support through a windfall tax on gas and oil companies who have been making big profits due to the war in Ukraine. The Truss government was opposed to such a tax, and was instead prepared to borrow tens or hundreds of billions of pounds to fund it (related to #1 - borrowing a lot to give rich people support with bills isn't popular, as everyone will be paying it back through taxes.).
The borrowing wasn't received well by conservatives, and sending more money to the rich energy companies wasn't liked by the left.
Of course, this was all on top of the other borrowing to cut taxes and so on that was announced and then de-announced.
Re: Liz Truss resigns as UK prime minister
#225Earlier quoted context omitted.
He doesn't have any authority, in practice. It has been that way since 1414. The second the monarchy tried to exert control over politics would be the second it was abolished.
Charles exerted lots of control behind the scenes while he was Prince of Wales, lobbying, receiving lobbyists, getting inside information, accepting huge donations, etc.
Also people were arrested for protesting his ascent to the throne.
They were later "de-arrested," but the intended message is pretty clear.
Re: Liz Truss resigns as UK prime minister
#226I know this topic is important in substance and the thing I'm about to say is an aesthetic issue, but as an American watching this unfold I have admired the Brits for the sense of heart that still seems to be present in their politics. I'm referring to the parliamentary sessions in which, even though they're savagely roasting each other, they're doing in a way that feels somehow good-hearted and doesn't lay bare the…
I used to be utterly aghast at UK parliamentary behavior (as seen on CSpan or CNN I suppose), and thankful that the USA did not behave this way. So I guess that dates me, because we are a toxic and shaming embarrassment now, even in comparison. Pity.
Re: Liz Truss resigns as UK prime minister
#227Can anyone explain why??
She and her chancellor announced a series of tax cuts at a time when inflation is running at 10%. Even worse, they sidestepped the usual processes on fiscal responsibility and declined to explain how the tax cuts would be funded. The bonds market then panicked as a result, with the Bank of England having to step in and bail the market out to prevent gilts from entering a death spiral, which would have bankrupted pens…
Oh yeah. That'll do it. Jesus. That sounds really bad.
Re: Liz Truss resigns as UK prime minister
#228Earlier quoted context omitted.
Fellow American, asking earnestly - are both examples just products of the media environment of their respective countries? Does the UK still have popular media outlets that aren't solely pushing corporate agendas?
Depends how cynical you want to be about the BBC, I suppose. The fact that the "C" in BBC stands for corporation is not lost on me, however.
The BBC is a statutory corporation: https://en.wikipedia.org/wiki/Statutory_corporation#United_K...
It typically has no shareholders and its powers are defined by the Act of Parliament which creates it, and may be modified by later legislation. [...] The phrase is not used to describe a company which operates as a conventional shareholder-owned company registered under the Companies Acts.
Re: Liz Truss resigns as UK prime minister
#229Earlier quoted context omitted.
Can you elaborate for those of us not hip enough for this meme(??)?
Click on the link? The video description explains it.
Clicked it, but didn't notice the video description, did see a huge amount of people talking and saying mostly nonsense.
I did go back to find it. It's 2 clicks away from clicking the link.
Re: Liz Truss resigns as UK prime minister
#230Earlier quoted context omitted.
She and her chancellor announced a series of tax cuts at a time when inflation is running at 10%. Even worse, they sidestepped the usual processes on fiscal responsibility and declined to explain how the tax cuts would be funded. The bonds market then panicked as a result, with the Bank of England having to step in and bail the market out to prevent gilts from entering a death spiral, which would have bankrupted pens…
Not all the tax cuts announced were bad or badly received. Especially, I think that the cancellation of the rise in corporation tax was very welcome and in fact economists now say that the rise to 25% will make the recession deeper and longer (unsurprisingly, frankly). The issue was that the other cuts, especially abolishing 45p income tax rate but frankly also the decrease of the basic rate, were not discussed, not…
Ya'll only have 25% corporate tax rate in England? America is jealous.