Mini Budget aka Fiscal Statement

[AtW]

This works in some European countries but in order for it to work perks and expenses need to be abolished.

What are the untaxed work perks and expenses in the UK?

Even fecking medical insurance is taxed, madness!

[AtW]

«IMF urges Truss to reverse top rate tax cut in rare intervention

Highly unusual move by world's lender of last resort condemned by senior Tories as Moody's warns UK's fiscal policy is ‘credit negative’»

https://www.telegraph.co.uk/business...dinary-attack/

Says it all about IMF - reverse “tax cut” (which is Labours tax increase) that makes at best 2 bln, buy nit a word about “smaller” “tax cuts” that makes 10-15 times more

[Paddy]

«IMF urges Truss to reverse top rate tax cut in rare intervention

Highly unusual move by world's lender of last resort condemned by senior Tories as Moody's warns UK's fiscal policy is ‘credit negative’»

https://www.telegraph.co.uk/business...dinary-attack/

Says it all about IMF - reverse “tax cut” (which is Labours tax increase) that makes at best 2 bln, buy nit a word about “smaller” “tax cuts” that makes 10-15 times more

The IMF are pointing out the madness of increasing interest rates to reduce inflation and at the same time make tax cuts to increase spending.

[AtW]

The IMF are pointing out the madness of increasing interest rates to reduce inflation and at the same time make tax cuts to increase spending.

Did they ever point out that printing money on top of negative rates is madness?

Or did they point out that Govt energy subsidies are wrong? It’s IMFs favourite thing in 3rd world countries to coerce Govts abandon such subsidies, with net effect of making poor people even poorer.

Well, IMF is entitled to their… or are they? Maybe they should STFU and avoid interfering with sovereign tax policies

[ladymuck]

Yeah, I was wondering about whether the IMF are overstepping the mark considering how they treat poorer countries. Maybe they feel they can say that because they now think the UK is one of those countries?

[clearedforlanding]

Yeah, I was wondering about whether the IMF are overstepping the mark considering how they treat poorer countries. Maybe they feel they can say that because they now think the UK is one of those countries?

GBP is a reserve currency. The IMF lend money. A reserve currency nosediving is a VERY bad thing for the world economy.

The IMF is not alone in believing that the UK economy is being run like an emerging economy, or shall we say banana republic.

[WTFH]

The IMF is not alone in believing that the UK economy is being run like an emergency economy, or shall we say banana republic.

Yes, but they are BENDY bananas, and that’s all that matters.

[tazdevil]

GBP is a reserve currency. The IMF lend money. A reserve currency nosediving is a VERY bad thing for the world economy.

The IMF is not alone in believing that the UK economy is being run like an emerging economy, or shall we say banana republic.

No its not its being run to suit the UK government and not to suit the wishes of those who believe they rule the world If the IMF and USA with their 130% debt to GDP ratio and $30 trillion+ debt pile and our own socialist elite class who simply want to see the negatives for their own nefarious ends and the embittered going down the drain EU want to rubbish us then get on with it but I think our government should do right for us and not them

[clearedforlanding]

Bank of England to carry out temporary purchases of long-dated UK government bonds from today



The Bank of England has announced it will carry out temporary purchases of long-dated UK government bonds from today as it warned there could be a "material risk to UK financial stability"

It added that there has been "significant repricing" of UK and global financial assets in the past day, and this is "particularly affecting" long-dated UK government debt.

"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the Bank of England said in a statement.

"This would lead to an unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy."



This gets better by the hour.

[dsc]

Sensible people in gov: due to covid and brexit our economy is fragile, we need to be really careful
Kwarteng: hold my beer