It’s already up. I could have made bank on that 0.1c.
I just meant in general it will probably go back up, on a long enough timeline, but that’s not to say it won’t go down before that. Pure guesswork.
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If only you’d had £1 billion dollars to invest!
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Could be mitigated somewhat by a proper tax on the rich but there’s too much fear involved to even dream of that.
And then a review on laws about “loopholes” that allow people to pay as little tax as possible on their high salaries.
Then having the front to tax the huge corporates making billions here but paying very little back.
The banker bonus limit removal is another gripe, such profits should be split equally across those that actually do the ground work and make this money available to be spent in such ways.
Whilst it’s a drop in the ocean of income, it’s still extra revenue that could be possible.
I’m clearly no accountant, but there’s some billions missing here for the above.
But hey, us at the bottom just put up and shut up 
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It’s all smoke and mirrors really. Do you think these people stopped being paid very well? They’ve just swapped basic with bonus. But this means it’s more expensive to keep poor staff.
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insert help me I’m poor meme here
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Don’t worry, Truss has given all the rich people a load of help and they will pocket the difference as usual that will trickle down to you
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I’ve seen this about the web, I’m sure we all agree this will absolutely not be the case.
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Could we see rates below 1-1?
Waiting for March to review further tax cuts may turn out to be too late for lots.
Will they actually look to help people instead of the rich?
Kier must have been rubbing his hands with Liz coming in?
Surely she can’t win the next election.
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There’s already talks of votes of no confidence in her. Is this just bluster to get her to do what they want?
Surely they can’t look to replace her already? And what would be the process to not have a general election at this point?
Very doubtful there’d be a vote so soon. But even if there was, she’d just be replaced with the next Tory member candidate who a majority of the MPs don’t actually want! 
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There’s always talk of a no confidence vote in the Tory party! I doubt it’s anywhere near serious yet. However it’s worryingly soon to even have murmurs.
Everything she’s done here is so wrong. The largest change in financial strategy for 50 years without an election. Avoiding OBS forecasts by calling the most significant budget for decades a ‘mini budget’, x despite warnings that without an independent assessment it would shock the markets (which it did). Following an unvoted for ideology blindly with no mandate or public consent.
Liz is on extremely thin ice already and seems determined to stand on it and go at it with a sledgehammer
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And yet Labour are pledging the same …apart from the 45% tax rate cut 
… and keeping the corporation tax increase on businesses that Sunak wanted
I think it’s probably too soon to be spooked by the markets. I’m honestly not sure, either, that they’d be reassured by another vote of no confidence and another leadership contest. So, realistically, at this point, the government will plough on.
In principle, I think you could have another leadership contest… why not?
In practice, the next leader would be taking over such a shit show, and have nothing close to a mandate from the wider electorate, so I expect it would end up with an election. I wouldn’t fancy their chances, though, so I think the Conservatives will be keen to avoid any more turbulence and disruption.
Overall, it’s still early days, we’ve not seen the costings or forecasts, the 24h media is still very excited, markets haven’t really had time to process it all. Given that, and how damaging another confidence vote would be, there’s only one option…? Onwards.
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I’d never heard trickle down economics before now.
So basically, less tax on the big folk = more money for the ground workers?
This then mitigates their tax due, because it’s invested in other things?
Or have I misunderstood?
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The most basic idea is that you increase the number and wealth of the rich folk, and this boosts the economy which then in turn benefits everyone.
It’s been pretty much proven not to work a lot of times before, but that doesn’t stop it being an ideology
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Less tax on the big folk
Big folk more likely to base their businesses in the UK
More jobs for the small people (and more big folk with money to spend on shopping, eating out, home improvements, new cars, etc)
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As long as it comes with a tightening of the tax avoidance rules and a big stick for tax evasion I dont have a problem with 40% tax rate reduction
edit …from 45%tax rate…but maybe you knew what I meant 
Seeing as I pay tax at 20%, I’d also welcome a 40% reduction. You have my vote
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My problem with it is primarily that it’s being funded by borrowing.
Not that I’m generally for tax cuts for the rich. But borrowing money and then essentially giving it to high earners through tax cuts is flawed in so many ways, especially just at the time that it’s becoming more and more expensive to borrow.
It’s the basic fiscal responsibility that I think is the cause of market anxiety, rather than a moral issue over inequality (which is also in my view valid but a separate thing)
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yep I could agree with that , but then I think …rightly or wrongly it encourages the wealth earners of this country …who knows… and they are borrowing far more to fund the 1% reduction from 20% to 19% …
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