The mini-budget

There seems to be a lack of understanding of how to read charts and compare values.

In 1993 the UK had a $1tn economy - the eqivelent of 2.6 billion ounces of gold.
In 2007 the UK had a $3tn economy - the eqivelent of 4.2 billion ounces of gold.
In 2021 the UK had a $3.2tn economy - the eqivelent of 1.8 billion ounces of gold.
 
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Look at all the useless crap piled up all around us. It’s all unnecessary rubbish.
Guilty.

I shudder when I think of all the crap we have bought and discarded in nearly 40 years of home ownership. Especially Argos flat-pack, or should that be tat-pack furniture.

Best investments have been Bosch tools (repairable if they do go wrong) and stuff made of real wood.
 
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The UK's industrial output is the highest its ever been: https://commonslibrary.parliament.uk/research-briefings/cbp-8353/ - but services have grown faster. This is typical of developed economies.

But is profit/turnover being retained and taxed in the UK or do foreign companies access R&D grants and various other tax relief opportunities then ship the profits away from our shores?

We're the 5th largest economy (kind of) but we don't seem to have much money floating around to pay for things. We have to rob the poor to subsidise the rich.

If manufacturing is booming (probably skewed in favour of big billion pound projects instead of a vibrant SME base), why are we having to consistently borrow ever more to pay for basic services? Perhaps the cost of these services has also risen, so any increase in revenue from various sectors is wiped out? So comparing data from 1990 is irrelevant as all other costs have risen in line with the increasing turnover of industry?
 
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But is profit/turnover being retained and taxed in the UK or do foreign companies access R&D grants and various other tax relief opportunities then ship the profits away from our shores?
That, and everything else I linked tp, are value added charts, not sales.
There seems to be a lack of understanding of how to read charts and compare values.
That is the most accurate thing you have said in this discussion!

n 1993 the UK had a $1tn economy - the eqivelent of 2.6 billion ounces of gold.
In 2007 the UK had a $3tn economy - the eqivelent of 4.2 billion ounces of gold.
In 2021 the UK had a $3.2tn economy - the eqivelent of 1.8 billion ounces of gold.

I am a bit puzzled about why you are implying that adding the swings caused by changing exchange rates and commodity prices somehow makes the data better. Its just adding noise.
 
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It clearly shows uk's economy is diminishing clearly, and not only by incompetence but some people profiteering from this and initiating this

BTW did you see video of Kwasi on Queen's funeral?
 
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They certainly can't have done any worse.
We'll.....thats not true.
They wanted to renationalise everything. The plan was to buy out shares in water companies for instance.

Imagine adding that debt to the bill, them having to fund all the upgrades to seperate out sewers and surface water (another few hundred billion).


Lucky really....that everyone else saw the madness in their plan!
 
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Pound falling like a stone again as BOEs Bailey tonight tells pension funds they have 3 days to rebalance their books this is not looking good and totally at odds to what some in the government think is happening. Not looking good unless your shorting the pound of course

 
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Pound falling like a stone again as BOEs Bailey tonight tells pension funds they have 3 days to rebalance their books this is not looking good and totally at odds to what some in the government think is happening. Not looking good unless your shorting the pound of course

. . . and, the Daily Fail blaming Bailey for a Falling Pound!
 
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Take a look at a GBP/EUR chart:


Looks about normal.

Long term decline against USD:


but nothing all that dramatic recently - the biggest fall was in 2008 and that us the main cause of the fall over the last 20 years.
 
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I think its not only time to ditch any business idea but switch into benefits if only possible.

No point for any effort

Amber Rudd's urge cost us dearly but it could be anyone to send us into oblivion, Kwamikaze just found himself in the centre of attention accidentally
 
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Will Truss throw her chancellor under the bus as another U turn comes and will she make it past the end of this month, the knives are already out.
 
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Kwarteng is out. 37 days... that's got to be some kind of record.
And Truss, who chose to appoint him and was, at the very least compliant in his decisions?

I cannot believe that Radio 2 is discussing whether Johnson should be brought back.:eek:
 
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And Truss, who chose to appoint him and was, at the very least compliant in his decisions?

I cannot believe that Radio 2 is discussing whether Johnson should be brought back.:eek:

Seems there's a movement to replace her with Sunak and Mordaunt.

A PM who has to U-turn on just about everything announced in their budget and sack the second highest ranking member of government just after a month can't last long.

And hopefully, they'll take Suella Braverman with them, and shut up about the "anti-growth coalition".
 
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Truss and Kwarteng are not just a double act and are def not individuals in terms of policy - they were 2 of 5 who authored Britannia Unchained and should be considered a party within a party, one goes they all go. Their cunning plan may or may not have worked long term but the world markets have made it clear they are not willing to give it a go so it is dead in the water and to be put back in the bottom drawer
 
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I would love to see our new King use his powers to dissolve Government and force a general election. It'll cause turmoil with people will be shouting an abuse of power, he shouldn't be able to, etc, etc, but I do think it's a perfectly viable option considering the current state of affairs.
 
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I would love to see our new King use his powers to dissolve Government and force a general election. It'll cause turmoil with people will be shouting an abuse of power, he shouldn't be able to, etc, etc, but I do think it's a perfectly viable option considering the current state of affairs.

Well, the 19% who currently support the Tories might moan, but that's 81% who'd probably thank him.
 
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After the Culture secretary slip ups on radio 4 today programme, you'd of thought appointing him to another post beginning with a C would be a no no. Alas they never learn... ?‍♂️
I missed that. What happened?
 
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Why do they even bother interviewing opposition politicians? All they ever do is say "We're better" and call for either resignations or elections.

It's not that they have anything constructive or even coherent to say. They just interviewed a shadow Treaury spokesman (or something), and when asked "So what else do you think the Government should have done", he dodged the question and just said "Well, Labour is better".
 
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