The trouble with a so called correction in the housing market is that people get done over and rich people scoop up the bargains. Unfortunately most of the budget is geared up for this, and not only this but at a bad time for people, and I do mean the vast majority. The Conservative party is the party of home ownership, or was. Now it is if you’re loaded, but if not, you should be in city finance while preferably shorting the pound while in the know. If they did this all better and once the heating costs aren’t such a big concern on top of everything else. As it is she’s driving the bus into the debt collectors after she’s chucked whoever she can under it to excuse herself. And I thought Theresa May was bad.

COYP

57% of the 172,000 people eligible voted for Truss ... I think that was about 81,000 people who have private health insurance and don't have mortgages. The number of people eligible to vote in the UK is more than 40 million. She does NOT have a mandate to change policies implemented by Oaf Boris who won the last election with 43% of the total votes cast. She would never have got into office under normal circumstances. Her mismanagement of OUR economy, however, should set the Tory party back a generation in terms of public support.

Edited by Henry of Peckham (06 Oct 2022 12.11pm)

Denial is not just a river in Egypt

The whole ‘anti growth coalition’ party promotion and team huddle.

Does this have any credibility with the public, or does it just appeal to Truss’s Twitter tw@ts? I mean, are any of the groups & political parties ‘anti growth?’ Or is it another pathetic and immature failure? If they’re going to point fingers then at least make it honest and accurate or people just think you’re trying to claim they’re just sh1tterr then your sh1t.

COYP

Nothing against growth and our statistics show we were doing worse than others. We then have to go back to look at how ill prepared we were for Brexit and the consequences of Putin's war as well as unfortunate to experience the Pandemic. Her timing is absurd.

Denial is not just a river in Egypt

One particular amusing piece she’s used is her experiences in the ‘80s and ‘90s, in education, during, erm, a conservative government and local conservative MP’s. Did she not think that through at all? She didn’t bother having any knowledge of the region of Ukraine and its borders before flying there during government work so none of it should be a surprise. She strikes me as someone who reacts to a need, but not before, because that’s way beyond her, and probably so is after the event.

COYP

There aren't any actual tax cuts (except for the very wealthy) in the budget anyway.

This is because the tax thresholds have been frozen for four years not indexed to inflation as has been the practice.

It's actually a 'nice little earner' for the treasury.

Your 1£ tax gain is actually costing you £2.

Reading the FT it is generally forecast that the UK economy will contract next year and we will be in a long recession with stagflation.

Truss has introduced a cost of borrowing crisis where there was none, every household will have to pay eventually with zero gain to anybody.