James O'Brien's brutal reaction to Kwasi Kwarteng's mini-budget | LBC
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- čas přidán 22. 09. 2022
- James O'Brien was furious at the mini-budget announced by the Chancellor today which gives "a serious chunk of change" to those earning over £150,000, whilst making life "harder" for people on benefits.
This video clip is from an LBC show that was presented by James O'Brien on 23/09/2022.
#JamesOBrien #MiniBudget #LBC
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I'm retired and own my own home. I've no mortgage, no debt, reasonably well off, and I'm absolutely gobsmacked by this budget. I should be happy, but I have a social conscience and I'm disgusted.
And I’m sure prices going up are impacting on everyone but of course some more than others.
Cummings recons that truss is as mad as a box of frogs, the pound is sinking like a stone and the us recons the uk is following the worst macro economic policy seen anywhere in 70 years
Hear, hear. I'm a middle aged homeowner myself, although there are other aspects of my life that aren't so great. Nevertheless, the state of the nation, and the way it impacts on the prospects and lifestyle of the young people coming up is appalling in my view. Some of them working two jobs and still just treading water. Fiddling with the tax system isn't going to fix the key problems in this country.
Simple, give some money to the homeless if it bothers you.
@@kbeesmot9928 my thousands giving back to the homeless pales into insignificance to the billions being robbed from them with these tax cuts.
"Boris Johnson the worst Prime Minister ever", Liz Truss "Hold my chardonnay".
F.Y.I. Boris Johnson has a measured i.q of 279. Albert Einstein's was only 160. You should be grateful for having one of the worlds most brilliant minds rulling over you.
I think David Cameron would like a word...
Cameron was equally terrible lol
Would that be Blossom Hill Chardonnay?
The winner of the contest would be Blair.
When people show you, over and over, they are heartless, corrupt and incompetent...believe them!
It,s hard when the WHOLE COUNTRY is "heartless, corrupt and incompetent". CAN ONLY HIDE IT FOR SO LONG, THEN WE GET THE NATURAL ADJUSTER! as we do manipulate ALL things!!
Now we know the reason why Kwarteng was laughing at the Queens funeral, he was mentally rehearsing his mini budget speech….
He hates white people
It seems acceptable that Kwarteng was talking on his phone during the funeral?
Writing is on the wall for the Tories. This is their last push at putting their hands in the till before they get voted out.
You're an optimist. Even if this country were burning people would say labour be petrol.
Get a life
i hope it is the last!
No it isn't, much more will be taken. The people have given them the power to do whatever they f___ing want.
@@FionnCr No Scot will vote Tory after this. I fully expect zero Tory seats in Scotland at the next General election.
Liz Truss has picked the worst possible icon to identify with to win votes in Scotland.
Maggie was the devil and we danced on her grave.
Luv and Peace.
It's not so much the 'cost of living' that is bothering me, it's the 'cost of not dying' that is really worrying!
Agreed children will die this winter for sure
Nothing to worry about
it's a "cost of greed" crisis, not a cost of living crisis!
HAHAHAHAHAHAAAAAA
@@klausschwab4019 see my 2 comments above for my schadenfreude hahahahaha
'Nothing in politics is by accident' : Mark Twain.
Franklin D. Roosevelt not Mark Twain
@@englishguy1234567890 ok...Checked it out. Thank you !!!! :)
And none of the last 13 years has been either.
I just hope the electorate remembers the obscenity of this Tory budget when it comes to voting.
political amnesia will happen again.
You're dreaming.
It won’t be a case of political amnesia.
Everyone on more then the national average will not want to lose that money, and will simply become a Tory voter to keep it if they weren’t already.
Everyone underneath that should in theory vote labour, but there’s quite a lot of idiots who believe the Tory’s are somehow shielding the country from immigrants and bad people.
I’d say it’s a joke, but it’s not even close to funny.
I'm a homeowner with no mortgage and this 'government' make me sick to my stomach!!
There are decent people out there thank goodness
You might be guilty but I had to earn everything I have
No, you are a child. Stop embarrassing yourself.
@hanSOLO Some child called Beth….
@@lestrem11 Why is she a child for wanting a fairer society?
I knew a joke about trickle down economics but 99% of people wont get it.
BRILLIANT, JAMES👍
That joke deserves a bigger stage.
I don't get... ohhhhhhhhh!
What worries me is that the theory of “trickle down economics” was discredited decades ago as a method of economic stimulation - both from an academic perspective and a practical perspective. Academically there are so many flaws in the model, specifically the lack of accounting for human nature and realistically, ever country that has adopted this has failed to achieve any economic growth. Either the government are so incompetent that they genuinely believe that this will grow the economy or, as is more likely, they’ve now given up on even pretending to care about the working class and are blatantly making the rich richer
Please can you give a referenced example of "trickle down economics" and show this list of countries where it has "failed to achieve any economic growth" ? Seriously just find one reputable economist that argues for "Trickle Down Economics" and what these policies would look like? If you seriously want to look at practical, real life effects of low tax the data is there. There are numerous examples of tax rates being dropped and yet tax revenue* increase, known as the laffer curve in economics. It is exactly what happened under thatcher in the 80s. I agree that the government is incompetent, and seem incapable of looking at evidence, but it is no wonder they dont bother when the voters (such as yourself) are equally ignorant to the facts and instead peddle the exhausted beliefs that have been refuted for nearly a century.
Tory capitalism is like sitting down with a millionaire and an immigrant at a table with 100 biscuits on it. Immediately, the millionaire reaches over and snatches 99 of the biscuits, then turns to you and says, "Look! That immigrant is trying to steal your biscuit!"
What a fantastic analogy, love it.
To be fair the one biscuit is being broken up by 100 immigrants.
Capitalism has never been about price caps and reckless deficit spending. This is full blown leftism!
how is the millionaire stealing money?
@@elcristoph7380 Who do you think lobbied for this budget? How many millionaires sit on Tory frontbenches and pass countless bills that make them richer?
This Government has to go NOW I am Retired Pension £47.11 weekly Pension Credit £135.49 will I survive this Government?
@Deshawn Campbell aka Liltoonnhkc60c I didn't!
You speak for many.
They will tell you you should have worked harder and saved better
Think of the cold house and empty table as presenting world-beating opportunities to reenter the labour market.
Kwzasie Kwatang is not only giving the richest people piles of cash he's getting everyone else to pay for it.
Ah! true conservatism! what was you expecting?different policies from the same people? the definition of madness is?!!!!
@@sentinal2343 I wasn't expecting anything different. My point was that they were exactly the same. Just a pity that some people are too dim to realise that.
@@rishispewcack5745 i take back my accusation! sorry1 but there ae many pretending that they never voted for these people when they had amajority so majority must have been at least think in the ways which led up to this, seems everyone has forgotten about Boris Johnson! this all brewed up on his watch, you can,t bring the economy down in three days! 12 years definitely with 2 years too line your pockets before being slung out , to be replaced by the next set of charlatans! and the merry go goes round and round and around!! where does this open corruption end?! Ukraine situation in Hampshire perhaps!! they may get the message then!
@@rishispewcack5745 my response is still loading even though i,m posting this after the response you haven,t received yet, censorship every where accept my apology for misconstruing your point!
Bit like putin
Well said. It is truly sickening
You cannot buck the markets. And investors would rather buy other currencies to invest in other places.
Britain is now totally bonkers.
It’s like watching Zimbabwe unravel under Mugabe.
very true!
Yes very similar in some ways.
His brother lives at No 11
It might be worse actually... Think about it, Britain unlike Zimbabwe is a first world country. The accumulative effect of austerity, Brexit and enrichment if the wealthy on top of inflation (as well as the devaluation of the pound) and an energy crunch might just be too much to handle.
@@Sbudre You will be amazed to discover that Zimbabwe, previously Rhodesia, a part of the British Empire is actually a 1st world country..
1st world - being on the winning side in ww2
2nd world - being on the losing side
3rd world - neutral or non participant..
Switzerland is 3rd world as are Spain, Norway and Finland.
People are so blind, even when they are starving, they won't see it !
We will see the result of that this winter
@@MrJenklns I'm seeing it now,everything going well ,still getting their food delivered by cyclists,bins over flowing with takeaway boxes and beer cans,nail bars packed,all eateries are packed,all hype
@@romystumpy1197 The media love to 💩 everyone, people love it 🤣
Fail to prepare... prepare to fail !
O’Brien always gets it nailed
Love him
Agree, he is brilliant
Really respect you james,your really devoted and passionate to your listeners👍👍👍🇬🇧🇬🇧🇬🇧🇬🇧
The joke is well and truly on us.
The pound was worth double the USD back in 2007, today it’s worth the same.
Well done Tories - you’ve literally destroyed the economy
Not to mention the country. The armed forces. Britain’s international credibility…I could go on….
You say that like it’s a bad thing
@@anonomous8719 you say that like someone who doesn’t understand economics
We Americans have donated to the Tory party for years just to ruin the UK economy. 😂 we Americans are getting revenge for the American Revolutionary War and War Of 1812. Lol
That will be great for "made in the UK" We will have the biggest power ever to export British Made products to all over the world(our products must cheaper than other countries because of £). Earning money not only in the UK but this earth. Thanks Liz Truss. Amazing work.
My respect for James O’Brian has gone through the roof talking like that about this farce of a mini budget, you won’t find many in his position rallying behind us less fortunate
I mirror this 100%. If people are still believing this racket, after watching this, the scales will never fall from the blinded.
People, please share this video to everyone, top work James!
although JOB destroyed Jeremy Corbyn up and to the election
If he had the self control not to deliberately alienate approx 50% of his audience within his first few sentences he'd be less of a poor loser and muppet and much more effective. Incidentally if you think he really gives a toss about any of us then you're sadly mistaken.
@@leighparr7961 What a surprise.
6 month old account with a certain dislike of JOB.
You folks are becoming more prevalent than poverty itself.
One of Truss's troop, are you?
And ? ... So what? Anything will change you think?
As an American, I'm so glad I got turned on to this show. Learning about how Europeans view their local and world politics and events is critical. Only NPR, BBC World and this show are truly worth trusting IMO.
You call the bbc trustworthy you are joking I think they cover up more than the CIA
It's "traditional" for the British to hate the French, but THEY sorted out exactly this sort of problem in 1789. 🤔
Be careful what you wish for...
2008 - Austerity launched to hit the poor the hardest. 2020 - COVID is harnessed to enrich rich Tories further. 2022 - reduced taxes for wealthy Tories. Even Adam Smith would have been up in arms about this. We're all in it together of course
It's not just the Tories. Every single political party plays the people. Betrays the people. Corrupts your thinking to keep the system exactly the way is it. They are all despicable.
2010 mate 2008 We had adults in the room they maintained benefits and lowered vat rhis lot only helps their own.
2010 Tories and austerity.
Adam Smith would be rolling in his grave were he to see what people globally are doing to his genius system. It’s never the system that’s to blame but those who abuse the system. Usually right wing governments.
@@MegaKapo12 how is it only helping their own?
I actually love this man, one of the only journalists that actually has an opinion and doesn’t just submit to the horrible way politicians avoid questions.
Well said James. It's an utter sick and twisted Government 😪
JOB destroyed Jeremy Corbins tenure
@@Berry-fr5wj You have a serious problem, squire.
Get it sorted before you finish up in a cell with Belfield.
The Tories destroyed Corbyn with their sponsored smear and hate campaign.
Evil :better describes them
Another deluded leftie.
a sick and twisted ideology
9:20 Almost! Came very close that time James to the S word lol 😂 😊
I’ll be honest I’ve no idea what I’m going to do regarding winter and the cost of living.
When you give poor people a bit more money, they spend it, which helps the economy. When you give rich people more money, they stash it, because they don't need to spend it, so nothing trickles down.
They stash it in banks… making them richer… more bonuses… just money circulating around between those who already have enough. It’s truly disgusting
And where do they 'stash' the money?
Or the spend it abroad on second homes, yatches…… seen it many times
@@Jordan-hf4ch real estate speculation and tax havens
No, they invest in new jobs and services. Spending does not grow the economy, saving and investing does.
How can trickle down economics possibly work when the whole system is set up to push money to the top?
Because the thick working class gammons voting for the Tories can be placated to by pointing at all the immigrants and told it was Labour's fault.
That's it working as intended. "Trickle down economics" is the propaganda way of saying lets set up a whole system to push money to the top.
The fact that is has never worked in the last 40 years since it was introduced as a concept, tells you all you need to know.
Trickle down economics does work exactly as intended! It funnels wealth upwards and the peasants can eat what falls from their masters table.
Because most people aren't aware of the global system that's exploited by (particularly) the UK, where people can set up shell companies and move it around, completely hidden from any scrutiny. Whether it be shell companies or offshore accounts, the idea is to make/steal the money in any given territory then move it offshore.
To so many people who live in the real world, they're too busy trying to feed themselves/pay their bills and assume that things will get better at some point. And others simply assume that it won't stop and that's their lot in life - to crawl on the floor and hope these charlatans throw some scraps from their table.
So, of course, as you stated - the money goes away and never comes back.
Are there any clips of any calls to the show following this? I'd love to hear this defended
Thank you James - why one wonders is nobody getting angry - if I still lived in Britain I would be livid.
I am angry, disgusted and fed up with this Tory shambles.
What can we do?
@@susanmorgan3104 revolution
This mini budget would be steaped in unfairness most times, but during a cost of living crisis where a large percentage of citizens are struggling to pay for the essentials, this makes it completely grotesque. How much of this do we have to put up with, you'd think the British public would know better than to keep these people in power for over a decade.
Treasury minister pointed out the direct funding to some people for energy price increases, but failed to say that was for the April price increases, and is now counting it for the October price change as well
Propaganda works in Russia, and it works in the UK.
steeped
Dumb torie voters. Labour 2024✌🏻
Let's get something right here , it wasn't the BRITISH who voted for BREXIT , OR VOTED TORY ....IT WAS THE ENGLISH !! We have more PANDAS in Scotland than Tory MPs. Scots voted against Independence in 2014 because they wanted to remain in EU and westminster told them the only way to do that was to vote to stay in the union. There's no dodging the blame on this one this sits firmly at the door of the English !!! the middle class and the insular xenophobic cretins who followed the scunner Farage !!
Cost of living crisis, climate crisis, national health service funding crisis, unaffordable housing, shortage of social care, lack of post Brexit trade deals etc, etc, etc. This budget does nothing for any important issue facing the country.
Unless your illegal citizen then the British government gives you everything
It's over, that simple.
Climate crisis. An important issue …
you're so right, and the fact they chose this as their first policy speaks so many volumes.
There is no climate crises. Its a scam.
More sense is talked in pubs and in the streets than in any cabinet meetings. Spot on fella.
James has completely nailed it. Sadly the British public now seem to accept anything with merely a whimper. What’s the matter with us ?
We're fighting back. Later than ideal, but Enough is Enough. Come join on 1st of october, every big city. (see the we say enough website)
Two words Mr O'brien........ "nailed it".
This is going to fuel the strikes, they've SERIOUSLY miscalculated the mood!
I agree they’ve miscalculated here - people were expecting help from this and it’s a massive slap in the face to those struggling and a pat on the back to the rich.
There will be that many disenchanted people no one will know one protest from another.
@@ineedmoreflavour1955 Why is there no government think tanks that advocate for a more progressive Tax system. I know the right wing low tax mob are at Tufton Street but where is the one for the £15p/h minimum wage , triple lock pay rises for public service workers, increase in carers Allowance.
James O’Brien is happy about the tax breaks
Claire, they haven't miscalculated anything! strikes? This cuntry has needed a revolution in the 1700s
Truly worrying times. 629k people above 150k, actually thought that figure would be much higher. Meanwhile the company I work for want me to take a pay cut of around 10%
Sounds like the 80's all over.
You know exactly what i think you should say 2 ur boss andrew ... he can stick his pay cut up his ......
Ten percent wage cut? Oh, don't worry; you'll pay a bit less tax in that case!!!!!😭
I'd like to know how many of that 629,000 people are living in London.
@@CCISolitude probably most of them, but don't forget that the income tax cut benefits MPs' too. MPs' get a basic salary of £84k and change, and most, if not all, have several advisory jobs with multinational companies, being paid hundreds of thousand of pounds. The writing has been on the wall all this year, they know they are going to lose the next election, and are loading the UK up with so much debt that the next government will have to raise taxes just to try and keep up with the repayments, meanwhile they will be in opposition, attacking every decision and trying to convince the country that things would have been better if they were still in government, hoping to convince enouigh people to vote them back in to power in 7 years time. The crazy thing is, they will probably succeed, and then the great sell-out will continue.
Full respect to you your in the highest paid bracket and your compassion for the less fortunate is remarkable thank you
Doesn't it incentivise people to further their career & earn lots of money?
Thanks most sincerely James!
“If you think Kwasi Karteng giving me £1000s is somehow helping you, give a call and talk me though that.” - Brilliant. 😂
It's the crux of the issue and raises a very serious point, though. The government should be taking those thousands of pounds and using it to fund public services that help us all. A lot of very wealthy people are gagging to pay a bit more but the government won't let them.
@@halfbakedproductions7887 depends if Obrien is spending money in the UK economy, like buying the stuff i sell
@@highpath4776 But they're not. They're putting into their stock portfolios or going on those overseas vacations...
@@highpath4776 Given his views, I suspect he does do his buying and spending here, rather than abroad.
@@floradiamonds I imagine though, like loads of other people he has an overseas holiday , (obviously not an option for those on UC). And there is a limit to how many british apple pies you can buy in a year. The car (if any) is likely to be imported - though we hope for more electrics from Newcastle.
Why are we still surprised when the Tories act like Tories? 🤷🏻♀️
Thank you James for putting some logic and perspective on this.
I wonder how bad it has to be before they open their eyes and see that they have ruined the country.
What does a ruined country look like if you’re a Tory? How bad does it have to get exactly, before you withdraw and accept that you shouldn’t be in charge of the nation? Maybe you can ask one (of the Tories) in your next interview.
A budget for the rich minority that has to be accepted by the majority......Tough times ahead unfortunately 🇬🇧
O'Brien is one of the most deceitful lying distorters of truth on the MSM.. It's shocking to me that people buy this nonsense
They don’t care about this country. They care that they’re in power and that their paymasters are happy, so they’ll keep funding them to be in power.
Cheryl - the Tories are socialists. The distinction between Labour and Conservative is largely arbitrary, and both of these parties were behind the Covid tyrannies which directly caused this crippling inflation.
Exactly. This is who the Tories are. They only care about the rich. That’s why working class Tory voters are the dumbest people on Earth. They are basically punching themselves in the face every election.
The bankers in the UK must be geniuses. How to they consistently get rewarded for the economic carnage they create for the average Joe? What a system.
Brilliant James.big thank you for trying to wake the dead sheep.
Jesus Christ. It’s dreadful
hardly surprising given how corrupt Truss is. She's already taken a £100k bribe from BP executives in return for not issuing a windfall tax and allowing them to frack.
how do you know that?
@@TheAmazingAdventuresOfMiles you can see her "donations", they have to be disclosed. Her biggest was from the wife of a BP executive who also was a director of a company that focused on mining. If you want to see what she does next you just have to look a who is giving her money and paid for her campaign to become pm
Not like Barry "backhander" Gardiner didn't take 500k of the Chinese commies
@russell harris Where exactly are these things published? I thought it was weird that the tories wouldn't introduce a windfall tax when it made so much sense
Is that even legal?
Not to mention tipping off his mates in the city to bet on shorting the pound as it was bound to crash as soon as he announced his "Fiscal Statement", not Budget, as he would then have had to publish what the Office for Budget Responsibility thought about his wizard wheeze.
Thank you again. It seems it has to get even worse before it gets better.
Worst case scenario for this country: out of Europe and at the mercy of a Tory government. I'm no expert but I saw this coming.
Could be worse, they could be coming after our human rights.
I got out.
Of course, Brexit was step 1, the carte blanche, for the Tories to deregulate, destroy the social welfare system and become a tax haven libertarian dream island.
taking back control innit
@@Silverfirefly1 oh don't you worry.
they are already hard at work on that one !
Ditto.
A few years ago there were loads of idiots on this comments section disagreeing with James O'Brien, now I barely find any.
Maybe they've gone away to hear what they want to hear somewhere else? I agree 100% with James but I wonder if, in our polarised times, he's preaching to the converted most of the time.
O’Brien slagged off Corbyn repeatedly and look where we are now. Hypocrite.
Now it's just loads of idiots on this comments section agreeing with him
@@alanh1169 That's not the point you seem to think you're making.
@@oxymoron02 Yeah why don’t you tell me what point I’m making?
I was on holiday during the 10 days of mourning for the Queen's demise.
First day back we watched the news from start to finish and have now decided never to watch the news again.
Things are that scary............
At least I got a biscuit 🤣
Kwasi is guy who said,"Oh no, fraud is not a criminal affence.
Its absurd than anyone in 2022 can argue that Trickle Down Economics actually works(as described that is) when we have decades of evidence to show it does not and only increases inequality by perpetually extracted Wealth upwards.
But that one of the most obscene Trickle Down budgets i can remember in my lifetime could actually be put into practice by a Government today during one (if not the worst) Cost of Tories Crises i can remember.
The Big question is: which direction is the trickling heading ?
Did the Tories cause rampant inflation in: USA, Germany, Spain, Italy, Australia, Portugal?
What are you are saying makes sense but you lose all credibility when you say things like "cost of Tories" crisis because it makes you sound like a hyper cultist.
I don't suppose you point me towards this evidence? Was it a paper? Or are you referring to recent events as reference?
there is no Trickle Down Economy.
only a Bubbling up Economy.
which in reality is just another fancy Term for a Pyramid Scheme !
same goes for National Pensions !
a total Scam !
@@JB27888 USA, Italy are a little over 8% and Germany is just below, while Australia is something like 6% iirc. The UK around 10%. The UK isn’t doing well.
The pound dropping in value after today’s announcement could also inflation will increase even more.
No sign whatever of the £1200 in our couple where one of us works and we are deep into our fifties and one of us is on PIP. Think about how much it has been spoken of, and what’s been said. ZERO received. Oh hang on, ‘levelling up’ happened…our energy direct debits have been unilaterally levelled up to equal our mortgage payments, by our energy supplier Octopus. That is three time what they were just 6 months ago.
The problem is that people hope that one day they will be a high earner. They see high tax rates as a tax on their dreams ( regardless of how unlikely it is that they will ever earn 150k). That, unfortunately, is the psychology of it. The same psychology that leads people to buy lottery tickets or squander money on other types of gambling.
You would NEVER, EVER hear Nick Ferrari say anything like this.
Of course not, one crow does not pick on another crow but on the pidgeons.
I’m sorry but why would he? He looks down on common folk.
Total Tory.
Fat, old Tory bore and supporter
He was a sun journalist says it all
Have you heard yet James, it's going round youtube; Kamikwasi budget!
....he'll use it Monday and claim credit for it..
👏 👍
Yes…because we’re not used to “foreigners” are we? Lol.
A few thoughts as a man in his 30s (company director, home owner, decent income) - Tax free allowance for income tax should be £20,000 (roughly full time earnings on min living wage per year) in addition to that, VAT should be staggered. Ultra luxury goods should be taxed 40% for example, cars over £100k, clothes over £1000 etc. 40% tax threshold should move to £80k to promote spending by the aspirational.
This is why Kwazimodo was high as a kite and laughing his head off during the Queens funeral. He was psyching himself up for his mini-budget.
@The TwosliceToaster ..LOL is not that deep mate. Let it go may the queen rest in peace and keep it moving in life. A scottish lady was celebrating her death yet that whole fiesta has been laid to rest so let that one go aswell. Let Kwasi do his thing bro.
@@onlineonlineaccount2368 "Let Kwasi do his thing bro"
I was kind of joking (although he was high as a kite lol), and it's not like I ever had any ability to stop him from doing his thing with a youtube comment anyway.
It does make you question his psychology
🤣
I'm a care/support worker and don't even get the national minimum hourly pay for doing a sleepover at work, I use to but this was reduced by the government years ago. The national minimum wage is simply a lie. I earn around £270 a month less than I did 5 years ago, so much for helping key workers
blame yourself you took the job
@@jackwills7092 You have no answer, you fvcking tory shill.
@@jackwills7092 yes, I blame myself for caring
@@jackwills7092 well named you are, “ I’m alright jack “ , it’s people like you who are the real dregs of society !
@@jackwills7092 fingers crossed Jack that in the not too distance future you need such care and are unfortunate enough to get someone involved in your care with your attitude 🤞
Brexit has ruined my retirement too. I had planned for years to buy a campervan and tour Europe for. Couple of years. Now I have to return every 3 months. 😡
Here is the true cost of this budget …
1. Increase in homelessness
2. Increase suicides
3. Increase of children going to bed this winter 🥶 cold and hungry 😢
4. Increase in mental health illness
5. Increase in hospitalisations ..the list is almost endless…
This budget is breathtaking greed on a scale that makes me ashamed to be a citizen in this great country. These people are legalised crooks stealing our money to line their pockets, while they steal the eyes out of our heads, they now have the audacity to come back for the eyelashes…
Britain it’s time to wake up!
Look at the reaction of the currency markets. Tells you everything you need to know about the damage that's being inflicted.
Exactly, traders don't have an ideology or political angle, they just know it's bad for the UK
Yes my immediate thought is more inflation
I’m sure their friends make a very nice profit betting against the pound, no doubt knowing this type of budget was coming. They win, whatever the outcome because they have information none of us have.
@@nasstak3440 I don't normally have any time for conspiracy theories but the fact that Kwarteng sacked the head civil servant at the Treasury on his first day no doubt because he would object to these policies just adds to the sense of what the f is going on?
@@robertstorey7476 It’s amazing that they are so openly putting in policies benefiting their benefactors whilst ignoring the poor and
middle class. In many ways I respect it - they are quite possibly the most honestly (openly) dishonest government this country has ever had.
It’s kind of refreshing - at the next election, no voter can say they were duped and didn’t know what they are voting for, it’s completely transparent.
I feel you man, ....it's nice to see some people better off are actually quite embarressed or perhaps more about it. KWARTENG DOES NOT SPEAK FOR US.
Being truthful about you benefitting has sent you right up in my estimation.
We're in for a rough ride with this lot.
In my 90s now, not long to go, and never seen the country in such a poor state, not even during the second world war.
I knew it was bad but that says so much about the UK today. Take care x
Nasty Party shows its true colours
if your on 200k a year a 10% payrise is great; but if your on £10 an hour 10% of nothing is nothing.
I'll have you know unicorns do exist, according to my daughter.
I am a retired person who has paid his mortgage but will never never ever vote for a Tory.
Thank you . 😇
👍 means you're a decent human being
I never have gave my vote to Tories. Never will. They take your soul hope and sprit away. Their ideology is brutal, callous and evil. They have no shame and enjoy what they do. We do not have capitalism what we have is corporatism, humongous greed out of control.
All the workers have to join or march with the unions demand, take back power. Next on the line is bonfire off workers rights. Tories intend to reduce them or take them away altogether. The unions are our last resort and we have to back them 100 percent.
Gravely sad 2022 we have no where or no one fighting our corner. Thank goodness for the unions their return is well overdue.
Me neither, waited and worked and paid tax for the extra 6 years this lot inflicted on me and now another kick in the teeth because pension won’t cover the bills and public services of which we all benefit are also being wrecked by these utterly despicable Tories in their race to line their own pockets!
Nor labour,vote reform
As status quo said as a country we are down down deeper and down ....all down to the CON party
I am terrified about this winter. I was already freezing in winters before (I'm used to the bowler's condensing pipe freezing because I couldn't afford to run the boiler. My children and I will freeze they will be miserable cold in their home and beds the costs will cause MUCH tension. They are trying to study??? How can they in the dark and cold???????
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Beautifully said. Wake up people we are being taken for fools!!!
We've been taken for fools for years by the torys. People who normally vote labour voted tory because they didn't like J. Corbin!
Yeah but labour will borrow billions and fritter it away! Oh wait……😮
I’m in the Highlands of Scotland, 30 miles from a ski resort. It is one of the colder parts of these islands. We didn’t have a heatwave in summer, maybe 28c on the hottest day. I got that email yesterday. My gas and electric is going up from 1st Oct to £2000 a year. Last year it was £870. I’ve got all the LED bulbs. I’ve doubled my loft insulation. I’m frugal with the hot water and central heating. But here we are….
Yes but Queen Nicola will guide you to independence and you will be paid for the free energy you use.
Your spot on James, keep going, hopefully the sheep will get it, but I don’t have much hope. 👍🏻👍🏻
The truth is James is a sheep as he is so blinkered with politics in this country. If he hasn't worked out now the cost of living crises was engineered by the powers that be to crash the worlds economies then he never will.
Oh the sheep will get it led by a Judas sheep.
@john bono ; Brilliant and made me smile on my nightshift 😂
*you're (you are)
@@davidharris5736 🤣🤣spot on
It's the behaviour that loosening the grip on bankers bonuses enables which is deeply troubling, we've forgotten about what happened in 2008.
I'm one of those pensioners that have fallen foul of the ridiculous 2 tier pension payment system.
I know that I have paid a heap load of more tax etc during my working life than some people 3 years younger than me - BUT, they are getting £40 per week MORE THAN ME.
WHY???
If the government were to equal out the payment system so that ALL pensioners get the same basic rate, then guess what, the lowest paid in our society would be £160 better off each month ..... can you imagine what that would achieve for the poverty level in this country??
I'm really pssssd off with this government now - - and I voted for them.
I am watching a very hard episode of the old BBC serie House of Cards. Not one shred of feeling for people who are less off... It's painful to watch..
Surely this action will go down in history as one of the most disgraceful misjudgments ever. And Kwarteng laughs.
not misjudged.
fully planned !
Unless it works.
@@agt155 The market trends indicate most financial institutions doubt it will work. A similar borrow and gift budget in 1972 gave a short term boost and then hit a wall of inflation. "Within months of [Antony Barber's] budget the chancellor was forced to float the pound, which led to a sharp decrease in its value and huge inflationary pressure on the economy, which failed to grow in the way his tax-cutting measures had been intended to stimulate." [Guardian, 23/9/22] Most likely, Truss et al are planning a bubble for long enough to get successful figures to present at an election and then we get another 5 years of austerity and vampenomics.
@@adventtrooper We're only talking about taking the top rate of tax back to its pre-financial crash level. It really isn't going to produce a huge effect on anything.
@@agt155 Agreed. It's a relatively small amount (about £2bn a year) in the whole package reducing tax income by £20, 27, 31, 39, 45bn over the next 5 years. There's assumed growth figures recompensing for this (it needs a cumulative 5% after 5 years), but no sign at all of planning to repay the £60bn just the next 6 months of energy caps will cost (and presumably more to come since I don't see prices falling by April). It's the package as a whole that has upset the markets.
So much for levelling up. A big 2 finger salute from the Tories. A family in the South is 3 times better off after this budget than the North. I bet you are glad you voted for this bunch in the Red Wall seats now! Never ever trust a Tory
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Have a look at the DM comments section. They certainly haven't taken this budget well - I don't think there's a single positive reaction.
You mean the comments section? I agree
Brilliant, James, just brilliant assessment of the depths of depravity that the British Government has sunk.
... and the problem is, they know they can get away with it.
Actually it's the English who vote without a brain that put us in economic dire. The government does what it always do...appease the people to stay in power even though it's the people who put the country in this mess
@@frostyrobot7689 Maybe the country of gutless middle class cowards should learn how to protest properly like the French. Instead of leaving it up to the working class to drag the country from its knees.
And the depth of stupidity of we, the British people, by not standing up to them.
@@suegarbett1 people voted Brexit by listening to Farage and Johnson. People didn't stand up to these 2 when it mattered. Blame the English
why would Liz Truss biggest donation to her leadership campaign , £100k , come from the wife of a former BP executive ?
You are absolutely bang on.the sooner we get rid of the tories the better.
Then the no better labour , vote reform
Most ironic thing though 😂😂 The first political action Truss basically took as PM and the markets are already tanking 😂😂😂 You couldn’t make this up!
If you’re outside the UK, grab your popcorn, this is gonna be an entertaining 2 years 😎🍿
For the people inside the UK, I hope you won’t have to suffer too hard under Truss’ sheer incompetence 😅
It's not incompetence. It's purposeful to enrich their 'friends' before they lose the next election.
Am outside - will do, popcorn at the ready... will also cry with u
@@irrwegeirrwege255 I'm inside, can't afford popcorn
Guaranteed she'll face a Confidence Vote before this year's out ........ and she'll lose it. Or she'll call a snap General Election. Either way, she needs removing - and QUICKLY.
@@simoncampbell3144 jokes aside, this is a tragedy for your people, I am baffled by the news but couldn't down anything as those anti social politics make me stomach sick.
I genuinely think anyone in my economics A level class could make a better budget than this
Me too, and I got an E
Anyone in any class with little common sense could do much better.
@@dj9048 lol
No, it's exactly the budget thats suits themselves, not you of course, but then they don't give a s••t about you, and even if voted out down the road they are still laughing as they become highly payed consultant to one of the maga companies they gave tax breaks too, as a thank you gesture and a hint to other politicians to do right by us and we will do right by you, see its a game really.
Anyone who has managed a home and children, and very little money, would do better than this.
EXACTLY!
It is ridiculous!
why is no one talking about kwarteng rocking and laughing manically to no one during the Queens funeral looked like he'd had a few pingers
That was weird .
Disgusting actually at a funeral
I don't think I've ever been as angry as I was when this was announced, make rich people richer and stuff the poor while telling them it's going to help ..maybe they could give a timeframe as to when we could see the benefit of even richer people more wealthy. If these people are still in power at the next election we've only ourselves to blame,.
And we have 2 more years of this at a minimum..
You are too blame you VOTED for them to get you,re Brexit or immigration control, they delivered, now time to pay for such ignorance, stop moaning , you got what you wanted!!
This budget is a slap in the face to every working class person in the UK. It also demonstrates how much control they have and we can do nothing about it.
Why is it unfair? They pay so much more tax in the first place
I mean come on, Kwarteng said everybody benefits. What he MEANT was... everyone will BE ON BENEFITS.
This budget is incompetent by any level of economics. Unfair, unjust. Where is the leveling up? Has that been binned? Let's unite and get these people out of office.
Snap election.
Investment is still being going ahead, mostly private, unchecked planning regs
It was binned the moment Johnson got his majority.
I will literally see no benefit to this budget. I earn too little, I’m 21 and self-employed. I can’t go and “find another job.”
I barely make 11k a year. This so called budget to help everyone did absolutely NOTHING for me. if anything it made it a lot worse. Thank you. Now tell me again why I should stop saying "Oh I wish Scotland was independent..."
Why would anyone ring up and talk to him? He’s spent 10 mins telling you what to think…. 😂
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