Economist Frances Coppola struggles to find a positive in mini-budget | James O'Brien

Economist Frances Coppola struggles to find a positive in the mini-budget: 'The first thing we've seen is a pretty massive sell-off in the pound because the international market doesn't like our currency any more, they think it is going to inflate.'

This video clip is from an LBC show presented by James O'Brien on 23/09/22.

#JamesOBrien #MiniBudget #LBC

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[elizabethedwards]

We are living in very uncomfortable unsettling times for ordinary people and to be honest it's quite scary

[stonehengemaca]

"Growth" is code for removing workers rights and reducing or stagnating wages so that rich business owners might consider setting up or remaining in the UK.

[cpuuk]

Bankers can now claim unlimited bonus, because they were struggling on their 200% salary bonus (poor loves).

[tariqchaudry]

You hit the nail on the head, Tories realise they don't have long in government left, so they are trying to give as much of the country's money to their mate's, and as quickly as possible. Knowing they will get some of that money for in kick backs.

[merkvandermeulen]

Mrs. Coppola's findings sound very, very scary tbh. As if children not even born yet will feel the burden of what Tories heaped on to them today.

[Red__Law]

If there was any justice in this country, these swindlers would be thrown in prison for gambling with our money like this.

[theascendance]

That’s another fine mess the Tory party has created

[jonathangammond]

Nos.10 & 11 Downing Street - the Offices of Budget Irresponsibility

[jazzoj]

The French have a history of making their leaders accountable, whereas the UK has been a country of serfs, those in power know they can do whatever they want and the people will just moan and grudgingly accept it.

[steveco]

Feels like democracy has died in this country. An unelected PM has come in and drastically changed the government policies and position compared to what we voted in, and we can't do anything about it for years. I hated Boris for his lack of integrity but this is even more out of touch and I really fear where this is heading. When so many working class people are in desperate need of the most help, this government care more about the rich and are coming up with all sorts of BS to justify it. She's going to ruin this country and I can't do anything about it.

[elmarko]

My personal budget.

1. Increase tax free allowance to £20k / Reduce NI contributions for low earners / boost minimum wage in line with inflation.
2. Increase 40% rate to £70k from £60k
3. Increase 45% rate to 50% rate from £200k
4. Increase corporate tax to 25% (20% rate for small businesses)
5. Increase taxation on unearned income to 25
6. Laser focus on closing down loopholes & investigating tax avoidance/evasion.

[johngoddard]

Liz Truss’s parents must be so very proud of her today! ………

[TheSuperPsychoKiller]

Let’s be real. They were never serious about leveling up. They say things to be more popular.

[julianshepherd]

🏴󠁧󠁢󠁳󠁣󠁴󠁿 FFS England, stop voting Tory

[sayers]

This government needs to go, absolute disgrace.

[maiaisabella]

It's absolutely disgusting, we as a country have gone down the drain and tories are happy to watch the working class continue to suffer.

[mikes]

What I heard was tax cuts for the rich and bankers getting unlimited bonuses. Again. How about raising the income tax threshold to £15k to really help the ordinary working families pay their bills?

[slayernephilim]

Now she shows her true colours. Absolutely disgusting that taxes are cut for the super rich while you and I are thrown the bone of a 1% reduction in income tax. And what about the huge profits made by the energy companies? Nothing, no windfall tax on them to help the British public.

[Sayitlikitiz]

I hear the EU is having a thanksgiving prayer this Sunday to show their gratefulness for Brexit!

[CristianoRonaldo-mkdd]

The plan is simple: high inflation will bring very high mortgage payments and loads of people will loose their homes so the rich can buy them outright and rent them back to the poor
This is taking any hopes of poor being well off and having something in their name