Lizz is going to be unpopular

[Sheepy]

Be abuse it attracts the greatest talent to the U.K. and we stay at the head of finance in the city. More business comes through the U.K. and generates more tax. You'll no doubt dispute that, but that doesn't detract from it being the truth.

We might have to call Barry in then, so how long will it take exactly for them to pay back through tax the debt mountain, that they have done more than their fair share to create?

[Sheepy]

All of that . Whilst paying themselves more and more for doing so.
Right now the poor would beg the government not to allow them the same reign, that's responsible.

Well, none of it is doing much for Steves anxiety problems, but as Liz says from the beginning she doesn't care. So, its wash, rinse, repeat.

[Good old]

When was that?

If you are thinking of 2008/09, that was largely caused by the banks lending money to poor folk who had no sense of responsibility and even less intention of paying the loans back.

What we should do is encourage the poor to have a sense of responsibility, but that is not likely to happen

All of that . Whilst paying themselves more and more for doing so.
Right now the poor would beg the government not to allow them the same reign, that's responsible. 

[srb7677]

If you are thinking of 2008/09, that was largely caused by the banks lending money to poor folk who had no sense of responsibility and even less intention of paying the loans back.

They were stupid to lend the money in the first place then, all in pursuit of greed. Not to mention all the compartmentalised debt they were trading in said pursuit, much of it owed by people who couldn't afford it, who were sold it by bankers in pursuit of maximum payouts. 

Which is why bonusses were capped in the first place. They were clearly incentivising reckless and economically disastrous behaviour by a bunch of greedy bar stewards.

[Borchester]

The last time we had unlimited bankers' bonusses it generated such unrestrained greed that they tanked the global economy in pursuit of their own selfish greed.

And you think that kind of "talent" needs encouraging again?

When was that?

If you are thinking of 2008/09, that was largely caused by the banks lending money to poor folk who had no sense of responsibility and even less intention of paying the loans back.

What we should do is encourage the poor to have a sense of responsibility, but that is not likely to happen

[srb7677]

Be abuse it attracts the greatest talent to the U.K. and we stay at the head of finance in the city. More business comes through the U.K. and generates more tax. You'll no doubt dispute that, but that doesn't detract from it being the truth.

The last time we had unlimited bankers' bonusses it generated such unrestrained greed that they tanked the global economy in pursuit of their own selfish greed.

And you think that kind of "talent" needs encouraging again?

[Nick]

So removing the cap on W@nkers bonuses is a good idea,anyone explain how since we're still paying for the last bankers jamboree?

Because it attracts the greatest talent to the U.K. and we stay at the head of finance in the city. More business comes through the U.K. and generates more tax. You'll no doubt dispute that, but that doesn't detract from it being the truth.

[cromwell]

So removing the cap on wankers bonuses is a good idea,anyone explain how since we're still paying for the last bankers jamboree?

[Sheepy]

What does WEF mean?

https://nationalfile.com/wef-advisor-says-global-elite-dont-need-the-vast-majority-of-the-population-to-live/
It means while you all believe in somehow you have basic rights and you could vote to change your lot, you couldn't.
https://newspunch.com/wef-says-billions-who-complied-with-lockdown-restrictions-will-also-comply-with-social-credit-scheme/

[papasmurf]

As for trickle down,

It does not work.

[Good old]

How are the cuts to be funded then? Do you know something the rest of us don't? Because no one in the media or commentariat has a clue, and it is being taken as read that the only funding source for most of it is yet more borrowing.

Borrowing vast sums to line the pockets of those who are already wealthy is not good economics and is unlikely to prove to be good politics either.

They had been  borrowing large sums before Covid, to no effect other than boost the wealth of the wealthy . Why stop now?
It's all been a disaster for the country, and without doubt those future generations that used to be their prime concern . As for trickle down, that's why they borrow ,to prevent the need for to much trickle .

[srb7677]

They are not unfunded cuts, believe me, the Treasury has been working on balancing this for weeks.

How are the cuts to be funded then? Do you know something the rest of us don't? Because no one in the media or commentariat has a clue, and it is being taken as read that the only funding source for most of it is yet more borrowing.

Borrowing vast sums to line the pockets of those who are already wealthy is not good economics and is unlikely to prove to be good politics either.

[Barry]

They are not unfunded cuts, believe me, the Treasury has been working on balancing this for weeks.

[srb7677]

If she cuts my taxes I shall love her dearly

You and the rest of the "me, me, me" brigade no doubt will, but your votes were always in the bag anyway.

If her unfunded tax cuts mostly targeted at the better off should have a negative economic impact for millions though it will backfire politically.

And she is not going to gain much popularity by doing such things as allowing full reign to bankers' greed again, forgetting the lesson that it was actually that that tanked the global economy in 2008, not the Labour government.

[Borchester]

Truss prepared to be an unpopular PM to boost economic growth (msn.com)
Or in other words we are about to crap on democracy from a great WEF height and you aren't going to like it one bit. But then neither are the Westminster party when people finally learn they only have a wasted vote whoever they give it too.

If she cuts my taxes I shall love her dearly