Has Liz Truss just managed to lose the entire 'grey' vote ???

The bastard scumbags can afford to line the pockets of the filthy rich, people who support and donate large sums of money to the scumbag 'nasty sleaze party', but when it comes to providing a decent rise in pensions for the elderly, Oh no, it costs too much, we can't afford it !!!




'Lost the plot': Backlash amid reports Liz Truss set to 'reduce benefits' for millions

Ellen Manning
30 September 2022, 8:36 am
Liz Truss is facing further backlash to the government's so-far calamitous mini-Budget amid claims she is planning to pay for billions of tax cuts by curbing real-term benefits.

According to reports, the prime minister and chancellor Kwasi Kwarteng are planning to increase benefits in line with earnings, rather than inflation, in a move that could raise up to £5bn for the Treasury.

The move would mean an effective cut in benefits in real terms, further impacting some of the more vulnerable in the country.

It comes after Kwarteng unveiled sweeping economic reforms last Friday, which promptly caused chaos in the financial system and prompted calls for a u-turn.

Plans to save on the welfare budget in order to help fund the £45bn package of tax cuts have been met with disdain by critics, with the head of think tank The Resolution Foundation saying the government would have "lost the plot" if it pushes through with the policy.


Torsten Bell, chief executive of The Resolution Foundation, said the government had 'lost the plot'. (Twitter/Torsten Bell)
The foundation, which works to improve the lives of people on low to middle incomes, calculated that the move - which reverses a pledge made by former Chancellor Rishi Sunak - could cost some families over £1,000 in a two-year period.

The think tank's chief executive Torsten Bell said: "If we seriously end up cutting benefits to fund tax cuts for the top in the most unequal large country in Europe then we've lost the plot."

Read more: Four excruciating moments from Liz Truss’s ‘car crash’ local radio interviews

Both The i and The Times reported that the government is drawing up the plans for real-terms benefits cuts by only raising them in line with earnings rather than inflation.

The i reported that government sources said no final decision had been made and ministers would wait to look at inflation figures for September, which are due to be published in October.


The Resolution Foundation estimated that a real-terms cuts in benefits would cost some families over £1,000 across two years. (Twitter/Resolution Foundation)
Former chancellor Sunak had previously pledged to increase benefits in line with inflation after a 3.1 per cent increase in April fell short of inflation levels at the time.

The reports indicate that while Truss had committed to maintaining the pension triple lock, the issue of benefits was being kept under review.

In interviews on Thursday after nearly a week of silence following the mini-budget, the Prime Minister insisted that the government's priority was frontline public services.

Watch: Mandelson says Truss is guilty of careless, Trumpian thinking

But critics have slammed plans to fund what are being seen as tax cuts for the rich with a further squeeze on the less well off.

Labour’s Shadow Work and Pensions Secretary Jonathan Ashworth called for parliament to be recalled and the budget reversed, telling The i it was the: "most divisive, unfair and disastrous budget in living memory".

Dan Paskins, director of UK Impact at Save the Children, said it was "horrifying" that the government hadn't been clear on whether it would uprate benefits in line with inflation.

"Uprating is a cost-of-living Government commitment," he said. "It is a fair increase in income for the very poorest households, many of whom are in work and it would also help families keep pace with soaring everyday costs.

“We estimate that a couple with two kids, without any uprating at all, would lose out on over a £1,000 per year. In these economic circumstances, no-one can afford that. Surely the government isn’t planning on leaving families in this situation?”

 

Right now she has lost mine because they are being really stupid and thick as pig shit, and twice as soft Vlad.

But two years from now.
We shall see.

In the meantime.
I would sooner have my Balls roasted over a blow lamp that vote for even more stupid and incompetent Labour!

So there!

 

I'll light up the Bunsen burner then !!!

 

Well someone has to pay for the abolishing of the 45% Tax rate . The pensioners and the poor at high interest rates as Government borrowing is done by the issuing of Gilts ( similar to a share certificate) This produces a dividend which is the interest and needs to be paid back fully at some stage .

I think this was going to be an introduction by the Johnson Government and now U turned by the Truss Government . This to me just indicates how further Right Wing the Tories have now gone . A lot of Tory MPs are beginning to show signs of rebelling . After all they dont want to face the electorate on the doorstep .

An example of a modern Gilt Certificate showing an interest rate of 6%. This is how Government Borrowing is undertaken and its the tax payer that picks up the tab.

 

There are, apparently up to seventy scumbag 'nasty sleaze party' back-bench lobby fodder wanting a new leader and are prepared to vote against the government.

We do live in exciting times !!!

 

The only problem I see is the 1922 Committee can only force a vote after 12 months under existing rules . But rules can be changed I guess if the pressure mounts