Are we all Trussed up...

[Psamathe]

Liz Truss pledges to review tax rates amid cost of living crisis
Liz Truss has vowed to review all tax rates to help struggling households and businesses through the cost of living crisis, in her latest break from Treasury orthodoxy.

The prime minister’s remarks, on her first foreign trip to the US, pave the way for a radical overhaul of the system that could include looking again at income tax brackets.
...

Does she actually have time to do this? I assume she'll have to undertake some sort of consultation or reasonable review of impacts before a budget which would have to give reasonable notice before any change comes into effect (income tax software, HMRC online self-assessment, etc.).

And she's only got 2 years before a General Election when she's bound to be out (but she's probably too stupid to realise that). Given changes she makes are bound to benefit the already wealthy (paid for by the already struggling), any replacement Government would likely scrap her changes (just like she's scrapping the NI & corporation to the benefit of the already better off).

It seems an increasing trend in politics that the early days of any new regime are spent undoing the ideological changes of the previous regime (e.g. Biden undoing Trump and now Truss undoing previous Conservative policies). Be difficult for the country to make progress if things keep yo-yo'ing back and forth.

Ian

[mjr]

Truss says higher energy bills are a good thing, less than two weeks after moving into official residences where she doesn't have to pay the energy bills
https://www.thenational.wales/news/2231 ... -security/

[Tao]

Truss says higher energy bills are a good thing, less than two weeks after moving into official residences where she doesn't have to pay the energy bills
https://www.thenational.wales/news/2231 ... -security/

[reohn2]

Truss says higher energy bills are a good thing, less than two weeks after moving into official residences where she doesn't have to pay the energy bills
https://www.thenational.wales/news/2231 ... -security/

What else have we come to expect from these people?
Not only do they not know how ordinary people live,they couldn't give a monkey's how we live!

[Psamathe]

Re: Her Stated Intent to Resume Fracking

Mapped: UK fracking licences could impact one in four Tory constituencies
Liz Truss is to lift the moratorium on fracking. But the move will likely be fraught with political difficulties. A New Statesman analysis has found that fracking could begin in the constituencies of 94 Conservative MPs within six months, risking the ire of local residents. Forty-eight Labour-held constituencies could also be affected.
...

I wonder if she'll pursue this once she finds out the number of affected Conservative constituencies.

Ian

[pete75]

Truss says higher energy bills are a good thing, less than two weeks after moving into official residences where she doesn't have to pay the energy bills
https://www.thenational.wales/news/2231 ... -security/

For a while many environmentalists have been saying energy prices need to increase, in order to reduce usage and thus CO2 emissions. Domestic energy usage produces almost twice as much greenhouse gas as the entire transport sector. If the current price rises lead to a major reduction in domestic fuel use it will be no bad thing.

Higher energy bills may well be a good thing but not for the reasons she says.

[djnotts]

Re: Her Stated Intent to Resume Fracking

Mapped: UK fracking licences could impact one in four Tory constituencies
Liz Truss is to lift the moratorium on fracking. But the move will likely be fraught with political difficulties. A New Statesman analysis has found that fracking could begin in the constituencies of 94 Conservative MPs within six months, risking the ire of local residents. Forty-eight Labour-held constituencies could also be affected.
...

I wonder if she'll pursue this once she finds out the number of affected Conservative constituencies.

Ian

I doubt she's planning on any more elections so what does it matter?

[Stevek76]

It'll matter to the conservative MPs who aren't intending on losing their seats at the next election.

If Truss doesn't start improving thier polling those MPs will be sharpening the knives they've only just put away.

[pete75]

Re: Her Stated Intent to Resume Fracking

Mapped: UK fracking licences could impact one in four Tory constituencies
Liz Truss is to lift the moratorium on fracking. But the move will likely be fraught with political difficulties. A New Statesman analysis has found that fracking could begin in the constituencies of 94 Conservative MPs within six months, risking the ire of local residents. Forty-eight Labour-held constituencies could also be affected.
...

I wonder if she'll pursue this once she finds out the number of affected Conservative constituencies.

Ian

I doubt she's planning on any more elections so what does it matter?

No choice. One in just over two years time, whether she wants it or not.

[Stevek76]

So Truss thinks cuttig Corporation Tax is going to "unleash an investment boom". But when it's been done and failed it reminds me of the definition of stupidity.

It's actually a little more complex than that as up to now, the total corporation tax taken (as % of GDP) hasn't actually changed much. With the cuts in the headline rate has also come removal of all the various exemptions and allowances, so more is liable for the tax at a lower rate.

Still, that in itself may well be a bad thing, most of those exemptions were for things like investment/R&D etc, we've essentially given up on using the tax as a way to encourage companies to do things that are more widely beneficial by keeping a decently high tax on run of the mill handle turning and providing discounts on things that are essentially 'added value' (value from the perspective of the country/society)

[Debs]

It'll matter to the conservative MPs who aren't intending on losing their seats at the next election.

If Truss doesn't start improving thier polling those MPs will be sharpening the knives they've only just put away.

But there are no longer any conservative MPs, they all lost their seats in 2019, there is no true government either, the incumbent cabal is made up of ERGs and Brexitards, and they're all a complete bunch of loons... or maybe criminally intelligent who know darn well they will get a hammering in the next GE, so have embarked upon a shopping trolly dash of money making scams for their paymasters and political party back room donators, and this will be good for growth of billionaires bank accounts in the off-shore tax havens...

When Labour win the next GE, they will inherit a bankrupt treasury, and with a trillion pound debt.

[reohn2]

It'll matter to the conservative MPs who aren't intending on losing their seats at the next election.

If Truss doesn't start improving thier polling those MPs will be sharpening the knives they've only just put away.

But there are no longer any conservative MPs, they all lost their seats in 2019, there is no true government either, the incumbent cabal is made up of ERGs and Brexitards, and they're all a complete bunch of loons... or maybe criminally intelligent who know darn well they will get a hammering in the next GE, so have embarked upon a shopping trolly dash of money making scams for their paymasters and political party back room donators, and this will be good for growth of billionaires bank accounts in the off-shore tax havens...

When Labour win the next GE, they will inherit a bankrupt treasury, and with a trillion pound debt.

Spot on!
As I said previously,they don't give a monkey's for the ordinary folk stupid enough to believe 12 years of their claptrap!

[MrsHJ]

She, by all accounts, is called Miss Truss.
She's married, but still uses her maiden name. Hence "Miss".

It makes - IMHO - a mockery of Miss, meaning an unmarried woman, but it seems to be an accepted thing these days, sadly.

Also, "maiden name".
If you can have a maiden name these days?

Did you change your surname or your Mr when you got married? No, well, nothing to see here then.

I have nothing whatsoever in common with her politics but the Mrs in my name here is ironic as I also didn’t take my husbands surname and it seemed odd to start calling myself mrs when my name was unchanged. Hardly cutting edge radicalism.

[al_yrpal]

Changing your surname is horrendous in todays world. Having recently moved a couple of times having to change addresses has been a nightmare. 39 places to inform! My new wife has not changed her surname for the same reason. Long telephone waits, multiple security questions, highly varied procedures... Banks, NHS, Pension, Tax, Passport, Driving licence, DVLC, Dr, Insurances, for a start.... But to our friends she has taken my surname, far simpler with them.

Al

[reohn2]

Miss(sorry)ed this post.

She, by all accounts, is called Miss Truss.
She's married, but still uses her maiden name. Hence "Miss".

It makes - IMHO - a mockery of Miss, meaning an unmarried woman, but it seems to be an accepted thing these days, sadly.

Also, "maiden name".
If you can have a maiden name these days?

Why is it sad?
Liz Truss can call herself Teapot if she likes,though Teabag might be a better title,use once then thow in the rubbish bin,which I'm sure the Tory party will do after the next GE.