Krishnan Guru-Murthy#C4News at 7 : 11.1% inflation even higher than feared. And even higher for low income families. Tomorrow taxes up and spending down. Is that really the only option after the Truss/Kwarteng meltdown or a political choice?
Gill@krishgm it is always a political choice.
Pascal@krishgm way I see it, there's a deep recession coming and those lovely government people are going to increase consumer confidence by taking money from everyone. That should do it.
Tories being the party of fiscal responsibility was ALWAYS a myth.
Tories being the party of fiscal responsibility was ALWAYS a myth.
Graeme Anderson@krishgm There is always a choice about who to tax and by how much. Unfortunately, however, it always seems to be those who have the least that end up losing the most.
border_ireland@krishgm
11.9% inflation for low income families. Conservative solution is further austerity which guess what…….effects low income families most.
#inflation #austerity #politics
11.9% inflation for low income families. Conservative solution is further austerity which guess what…….effects low income families most.
#inflation #austerity #politics
John Richardson - Podcaster@krishgm of course it's a political choice. The Tory ideology was never about helping people. It was always about helping businesses. Nowadays, they throw people and SME's to the wolves and just court the national and internationally sized entities. Especially the donors, that's on record.
Allan Paterson 🐟#FBPE #FBPPR@krishgm Nope @RichardJMurphy has much better options, please do speak to him.
robertwebbgbr@krishgm
Definitely a political choice. The Tory mantra of austerity and their economically illiterate conflation of home economic principles with national economics is a continuing disgrace.
Definitely a political choice. The Tory mantra of austerity and their economically illiterate conflation of home economic principles with national economics is a continuing disgrace.
Prof Nisreen Alwan ☀️@krishgm It's a political and media choice.
Mike Wrigley@krishgm
Typical of the last 12 years. Spending splurge for the richest, then make the rest of us pay for it.
Typical of the last 12 years. Spending splurge for the richest, then make the rest of us pay for it.
Colonel Irrelevant@krishgm political choice. Other options are available. But the masters in Tufton Street need to be obeyed.
Keith PrinceNo it isn't. We've suffered from the 'nation's credit card' analogy since Thatcher went all in on Reaganomics and it's wildly one dimensional. It can't deal with inflation properly, it can't create growth in a suppressed economy, it can only punish the poor.
Guy Brush@krishgm I would love to know when, under 12+ years of Tory rule, that I'll start to be better off.
Or when I can use those Brexit benefits. Maybe buy a loaf of bread with a bucket of sovereignty.
Darryl Collins 🚴🏻@krishgm it's always political. How this hits everyone, but the poor hardest:
Increasing interest rate = less money
Inflation hit products = higher prices
Cut public services = longer wait times and lost facilities
Raised income tax = less money
The Tories have f**ked this country. The Bank of England are incompetent, doing exactly the wrong thing for the wrong reasons. Hang on tight, this stupid unnecessary recession will be brutal.