Watch again: Chancellor Kwasi Kwarteng delivers mini-budget following Liz Truss's appointment as PM
Вставка
- Опубліковано 22 вер 2022
- Kwasi Kwarteng has set out the government's new approach to the economy in a mini budget - officially known as a "fiscal event" - today, 23 September.
The chancellor announced tens of billions of pounds in both increased spending and tax cuts this morning.
Ahead of the mini budget, Mr Kwarteng had already confirmed that the national insurance hike introduced by Boris Johnson's government will be reversed.
He is also set to remove the cap on bankers' bonuses and axe a planned increase in corporation tax from 19% to 25%.
Watch more from Independent TV: www.independent.co.uk/tv/edit...
Like us on Facebook: / theindependentonline
Follow us on Twitter: / independent
Follow us on Instagram: / the.independent
Subscribe to Independent Premium for exclusive content and live events: bit.ly/2MiOONB
Give us 1% and give the rich 5% make it make sense please
People power is greater than governments 🎉
@@gbjanuary so true, the exact same thing going on in North Korea
@@gbjanuary These are capitalists, using the state to serve other capitalists. Get the targets right ;)
@@saucecomplex This is capitalism. What's north korea got to do with anything?
@@brainbane8550 the people run north Korea, it's socialist like your political view
Crushing the people who are struggling the most doesn't come as a surprise from these over privileged Tories. The meager Universal Credit is already forcing people into debt, crime & hopelessness. Most on this dire benefit don't have the skills or the education to find better paid work. Forcing them to find imaginary work whilst giving more to big corporation's & already rich bankers has all the hallmarks of a out of touch government & feudal society. These extortionate energy bills & inflated food prices will kill the most the elderly & vulnerable. This is all by design! This is their 'build back better'. Put it simply, it's evil.
I used to believe the lie, that the Tories were money grabbing, heartless p****s, that only look out out for their own pocket, and don't get me wrong, there are quite a few.
But then I wised up to the fact that Labour (at least in london), are far worse!
Labour outside of London may not be as bad. But in London, they are everything the Tories are accused of, and much more.
They allow housing estates to become dilapidated, vermin infested s**tholes, sometimes to save money for ridiculously expensive, bullsh** projects, that never go anywhere, but companies used in those projects (linked to the party), always make a killing.
They then cry "poverty", and say that the gov are under funding them (which is strange, as gov grants/funding is only around 10% of Councils budget, and usually for public services, not for estate upkeep etc).
But sometimes, as I have seen several times by Southwark, Lambeth and lewisham, it's so they have an excuse to knock them down. They issue Compulsory Purchase Orders on the homeowners, at a fraction of the price (giving people 100k for a property 3 bed property worth 300k. This example was in 2009 by Southwark Council. Would be worth 600k now. So they effectively, they bought back the land at a fraction of the price), leaving some just enough to pay their mortgage off, but homeless, and needing to join the council waiting list or rent privately.
Thousands of the council tenants are also moved on to the already overwhelmed council waiting list (at the very top of it), and given 2 years to find somewhere in the borough.
All with the promise that they would have first refusal on the newly built, luxury apartments.
They then say that they have run out of funds to complete the builds, and have to sell all the apartmens off plan to foreign investment companies, or giant foreign corporations that kind of use them as a company hotel for visiting CEOs etc (in this case, Chinese. But a lot of the time, also Russians).
The 1 beds are valued at over £1m. A few of the buildings have private swimming pools, gyms, cinemas etc. There are 3,300 apartments and houses. Dont know how much the 3/4 beds are worth, but you can imagine.
The money the council made on it, was insane. Yet they still claim to have no money to build new affordable homes.
They also remain empty half of the time.
This particular example is from Southwark. The then Lib Dem leader, Simon Hughes (plus many other MPs, of all parties), accused the forever Labour run council, of corruption and money laundering during the project.
This grift, in slightly different variations (but to a much lesser extent regarding money involed), has been repeated by Southwark, Lewisham and Lambeth, more than once.
Most Tory run boroughs (which are mainly in Outer London), are usually (in comparison), clean, with well kept housing estates, streets, with better public services.
There are exceptions of course, on both sides. But the exceptions are not the rule. I believe for example, that Corbyn had his heart in the right place, but most of his policies were bonkers, that would've had devastating repercussions.
Abusive government! Pathological liars and incompetent
That's part is their plan their new land building laws will let load of private prisons to be built and they will have the new people they jail working from there.
The message from this is If you are struggling, just stop being poor and be rich instead. Simple.
Most people in this blighted country are trying their best to ignore the fact that we are already screwed. They heard the Titanic strike the ice, but are staying at the bar for another drink," maybe we won't sink"
Yep! Spot on. But is it - "Ignore and override", or "Keep calm, and carry on"?
We are in for a bad Winter, at the very least. Food shortages are a real big possibility.
The Ukraine war will have massive impact on base foods. Not just because of they are the "bread basket" of Europe (and half Africa I believe), but because of transportation issues once this fuel crissis hits us completely. Heating our homes will be just one of many problems.
Maybe the Gov know we're screwed, but screaming "We're doomed" will cause panic. A slow lowering into the problem, stage by stage, might take the edge off it for some, and not cause as bad a reaction with rioting, food storing etc🤷🏻♂️
@@ftroop2000 When chaos strikes it quickly becomes uncontrollable. I think the middle class are trying their best to ignore it, because they will be the big losers.
Thank you conservative party for voting in an inexperienced, out of depth person to lead Britain . My heart goes out to Britain, once known as Great Britain 😥
@@1daxwood There is no Conservative party or Labour party, they are all on the payroll of the WEF
Yep, we’re doomed
If you allow it 😢
Truss is going to be the end of us 😢 😪
Agreed 😢😮
Trust Truss 🤣🤣🤣
Thank you conservative party for voting in an inexperienced, out of depth person to lead Britain . My heart goes out to Britain, once known as Great Britain 😥
Trouble is in the UK we don't stand up for our selves, we just bend over and take what were given or told..... no solidarity here, watching the stock markets this afternoon the arse has fell out of everything, so why is everything still going to be expensive.???????? we are conned left right and centre, and we still have not learned to rebel .?
1980s long gone people became selfish society.
Thank you so much for that 1% decrease. I will be about £20 (Net) richer each month which will have a big impact on the overalll cost of my cats tinned food (12 tins) which have increased in price from £4.50 to £8.00 in less than 12 months. I completely understand why the super rich people of the UK should receive the benefit of a reduction in their income tax as they too must be concerned at the elevated price rises in day to day items like catfood bread, milk, caviar and Porsches
the House of Conmen.
100% Correct Pocket Lining Ponces ALL OF THEM.
The Tories are doing exactly what is and has always been expected of them no matter the PM , keep the wealthy more wealthy while throwing crumbs dressed as caviar to the not so , you council house owners need not apply , they spend what you own and earn on a weekend away but we're grateful for your votes , in the meantime we will continue .. working problems not solutions
You get what you vote for
NO ONE VOTED FOR THIS NO ONE VOTED FOR THE WEF
Same policy continues.. Rich gets more richer.. Poor gets more more poorer..
Stop voting Tory.
@@gbjanuary What if Labour? Both are same. If ruling party is Donkey, then opposite party is Donkey's shadow.
@@RedBull.RedBull more than 2 parties to vote for.
Cut 5% for rich and 1% for the poor and hopefully economic growth by their spending ? WTF? this is doesn't make any sense at all.
😂😂😂😂 you expect this Tory to make sense.
Ripping the worst off to shreds and benefitting the rich. Classic Conservatives.
Yeap as I thorght..rich stay rich poor have pay..
Nothing new...
Time for a General election I think..
Let us have Ower say.
So basically the energy companies need to do nothing to reduce their profits and instead they'll get a bail out from the government. Good job in your priorities government.
Coke head economics everybody
And the cycle continues...
If Rees-Mogg gets his way it will be a penny-farthing 🤣
Time for heads to come off
BIG TIME!
Absolutely disgusting the country CANNOT AFFORD TAX CUTS FOR THE FILTHY RICH!!!
Sorry I think you were slightly incorrect there. You meant it's an absolutely disgusting country, especially as they're going to be allowed to get away with this until at least the next general election. At which point they'll promise to put everything back the way it was, then cut the taxes for the rich when they get in again.
his voice though, "up coming movie based in the year 2050"
Is that right,! The top lot do not go without, everyone else does, some of your speech is a load of BS
Price gouging by the energy companies. Time to renationalise them.
Are the British people crying for Corbynomics yet?
❤
The only way you beat inflation is government invest in infrastructure to reduce overheads and waste you do it by becoming more efficient. this doesn't mean employing less people it means providing a quality service right first time with minimal delay that meets customers expectations and is easily understood. Infrastructure can mean concrete structures or internet services for example. Confusion and corruption and distortion should be avoided and accountability should be transparent.
They don't pay well or say services cost yo much then when staff leave rely on expensive agency workers and clise down services and pay consultants and companies more than just investing themselves
borrow and spend? that will reduce inflation?
He’s my MP, found it funny he’s in position of power now. Though for a black guy he sounds more white then me
wow so insightful
This is not a black man that's offensive to black people hisa straight up N word
respect democracy. Working class voted for the guys like him so he delivers them what they wanted.
Were in a class war… colour doesn’t mean anything because all the middle and working class people are getting screwed no matter what race.
He sounds like Boris when I heard him on the radio
The people want an election!! We want to appoint a leader for the country not the current party deciding for themselves who they want!!! Listen to the people we demand change we didn’t vote for this individual to be in power and it’s disgraceful how it’s being allowed to happen
Putting yet another box ticker in charge of our country's finances. What a good idea.
Kwasimodo has been hovering around the peripheries of high office for a while now....at long last, he's made it. The Chancellor of The Exchequer no less. This is like having some hideous nightmare and you wake up to find that it's all real. We're f***ed.
Why call him Kwasimodo ? Isn't that a bit rude?
Who would you have as chancellor?
@@ao4514 Are you saying that there's something wrong or offensive about a literary figment of the imagination? Grow a sense of humour for pity's sake.
Thank you conservative party for voting in an inexperienced, out of depth person to lead Britain . My heart goes out to Britain, once known as Great Britain 😥
Liz has aged 10 years allready
There’s plenty of money in the exchequer. If they can shell out 1.4 bn a year in hotel rooms for migrants, it can’t be that bad. Plus labour or the Lib Dems are not bothered about it!
Government must represent the voters not their own fiduciary interests, or we can get rid of them. Public consultations is the Law
Then how do we make it happen?
Kwasi Kwarteng is like something from Get Out
THIS IS NOT STUPIDITY IT IS A CRIME
Gave the rich a whole feast and threw us crumbs
And with that he collapsed the pound.
The pound plummeted when Liz Thrush became prime minister. The international markets were belly laughing
Enjoy ,,,,,roll on Labour
TORIES OUT ONLY FOR THE RICH NOT THE POOR MAKE YOUR VOICES HEARD ITS TIME TO MAKE THE COMMON PERSON HEARD LOBBY YOUR MPS FILL THERE INBOXES DONT LET THEM GET AWAY WITH THIS
Seems like levelling up has well and truly gone!
i say rich get less than poor to make us one
No.
Claptrap&Waffle Co Ltd ...meanwhile what's happening on the Eastern front?
Where is the speaker in this? Order is not being kept.
You have got to laugh that folk STILL see Tories and Labour as two different entities! 😅
This soap opera is ridiculous yet the masses see nothing untoward! utterly bizarre
Clown show. 🙄
Indeed a flipping circus
This chancellor is making British people poorer, the value of the pound keeps dropping…good luck trying to go on holidays
Before everyone starts to criticise the new chancellor and Prime Minister, we need to first of all review our corporation tax rate and compare it with Irelands.
Their tax rate is low and has the highest growth rate out of every European country. I think Ireland has something like a 10% growth rate, so we need to give this a lot more time for everything to bed itself down.
But corporations also need to have confidence that the UK isnt going to increase the corporation tax as soon as labour or another Chancellor and Prime Minister take office next.
We can only see positive growth if confidence can be restored between companies and government. And this is the bit that i feel will ruin any chance of this working.
5% tax cut, let’s fkg party 🎉🎉.
Next step riots and uprising congrats 🥳
Doubtful in U.K.
More likely moaning in the queues, shouting at the tv, and then just getting on and cutting back ever more.
@@brendamchale2683 sounds about right for the British 😭
@@brendamchale2683 why no riots?
@@lukealadeen7836 It’s not something the British are big on really, is it? We moan a lot but are pretty apathetic in general. Plus our media make sure that the general population sees rioters in a negative light.
So those on less than 40k get a 1% reduction to 19% and those on the most who earn 150k plus get a 5% reduction absolutely disgraceful how the rich get richer and the poor get poorer
Does anyone believe this BS? 😞.
The government obsesses about the Free Market but they do not think much of this government having taken the pound to around a sustained all time low and wants a much higher price on the cost of government bonds (loans), making increased debt possibly unsustainable. The budget will cause the pound to fall further and possibly into a crisis run. Investment zones have been tried before and were dropped as they failed. They just moved activity out of the local area and increased crimes.
little Brittania is finished
Yup, we can thank Tory voters for destroying the country
Publish all parliamentary member's shares and investments, and portfolios over the past three years and next five years including their families..!!
Welcome covid19 part 2
Less talk more action
Booooooooooooooo
Boooooooooooooo
The addiction to politics is waning ....
We need to reform the plan and we have the right to ask them to do that. They hide there hands n that is not transparent we no the agreements they have made n we have a right for every heart of them decisions to be ethical or to withdraw from them. #Cancel every agreement with Scwaub
Exactly this IS WEF policy to destroy the economy and make the richest even richer still to enslave us
In addition mothers can use virtual curriculum to educate children, with virtual tutors, educators or using virtual libraries. Self determination does not only involve government but also for citizens. Universities are virtual. Citizens that are educated should not be forced to accept low paying positions nor should they have any income reduced since many are already engaged with government business remotely like yourselves. Bankers are stealing incomes in conjunction with municipalities charging high rents for sheer profit to capture the net incomes of citizens. The banks interest is profit, by oppressing citizens by preventing citizens from building independent wealth instead to profit in the mortgage markets. Many single mothers are already virtually engaged. All they require is a salary with income taxes deducted and benefits, to support what they already do, advocating for children’s medical needs,educating them virtually with computerized curriculum, preparing nutritious food, planning recreational or social opportunities, plus they contribute intellectually with government, often with zero support or help from fathers who abandon parental responsibility including financial support. Men on the other hand can work and have complete freedom to do so. The economy is a mess due to the lack of income for educated citizens. I am not impressed with sone of your ideas that’s for sure. Get everyone drunk so they get sick or don’t engage responsibly. What a dumb idea! Why charge students for education? Teachers that present material already get paid, plus citizens can access information virtually to Kearney anything at all. Students also are the ones doing all the work, reading, assimilating knowledge, and accessing universities remotely. Intelligence take time and effort to accumulate knowledge. Pay students instead, deducting income taxes from their payroll, after all education is never ending as people are paid to talk, like yourselves!!
£300 A YEAR WHAT A JOKE 🤣🤣🤣🤣🤣
Bunch of kids squabbling in the classroom. 🤣 I have had two companies collapse during Con-vid without a single penny to support any of them. I have been self-employed for 14 years and paid my taxes every year!! I am now out of work with no support other than a poorly run, outdated benefits system that is backlogged for millions of people who are struggling to make ends meet. I have never been in any debt in 43 years! until I was forced to take out a £500 loan from them to cover me and my family for the next 6 weeks until we received our first entitled payment from universal credit?? Which we would have been paid by Working tax credits anyway for that specific 6-week period or Until our U.C payment was provided! However, they cancel working tax credit from the day you change over to Universal Credit and force you to take out the debt for which money you are actually entitled to in the first place! Peace out all but I bet 85% of these scum bags got handouts during this ridiculous borrowing frenzy from a Con-vid experiment which we are all now having to pay them back for.! I faking hate them all!
A TV MP' he is may boy for the EU.
💪💪💪
Feathered the rich person's nest again I see...so when they all get booted out in the future it won't matter Cos they'll have made a killing from this mini budget.... criminals the lot of em 🤬🤬🤬
This guy 💰💰 people who work for a living ⚰️⚰️⚰️
Who is this gronk
1% for the working man/woman is that not an insult? I hoped he would raise the personal threshold from £12.5k to £15.0k this would help all tax payers much more and encourage growth at the same time - I feel a massive missed chance to help most of us! The Conservative party are doomed at the next General election.
No way just put the energy prices up there given the energy companies even more money you lot on drugs wtf
STOP BORROWING MONEY AND GIVING IT TO FOREIGN AID !
Tory Looney Party
disgusting that we have so many foreigners in our government
Lmao this all you are worry about ? Really ? Those foreigners are probably more English and more competent than the Natives
This was brilliant, outside of consensus budget, and if it works, it will allow this country to better the upcoming storm.
Yep, the upcoming storm which it caused in the first place. Still judging by the average person in the UK, the I'm alright Jack and sod the rest of you mentality has well and truly engrained itself in the DNA.
well when your starving at got no heating to get through winter then still back them its idiot trickle down economics clearly don't work only for the rich dont talk wet already the pound is falling , but i guess you tories dont care about the poor do you
Yes the rich English not the poor
Collapse the Great British Pound now that the Queen is dead Kwasi…….You’re a star! We will live to tell the tale that a black man F**ked it up. I’m sure the King will love you for it
Stop talking nonsense. The pound plummeted the day Liz Thrush became prime minister. The international markets were belly laughing. The post was passed from 1 pillock to a another
BANKER'S POCKET LINING PONCES ALL OF THEM
Coordinated economic destruction, save money now
Mini budget.. 'little bit pregnant' LMAO.
Wow… a rich guy is now better off by £10000 per year. Average middle income maker is better of by £1000 per year. Peasants get to save £100 per year.
Great stuff. Keep them poor
Are you another paper that lies for the Tories.
Tories are like fake late night show crowed. They just jeer and cheer on command like puppets and sheeps. What a joke as the uk currency falls more than the levels before I was even born lol
Order Order Order More Bullshit
Pure Bullshit
City of London Crown Corporation Criminal Cartel
These woke zombies are completely out of touch
🤣🤣 All this is such rubbish
THE REAL CRIMINALS ARE THE ONES GATHERED IN THIS BUILDING.
There are better ways to manage the economy to eliminate social income programs in place of realistic incomes with income taxes deducted, especially for single mothers collaborating virtually with global government networks, to eliminate poverty , by cancelling meaningless employment. In a highly educated society we are using our education to share our intelligence together remotely. Why create employment for useless programs that oppress citizens for government departments that only serve to request trillions for for food banks, daycares, municipal community housing corporations costing trillions, whereby, citizens can otherwise own their own homes, paying reasonable property taxes together, start small businesses to share together, including urban vertical stacked agriculture controlled remotely not unlike satellites 🛰 in space. Then we can use light rail to distribute fresh foods to corner grocers instead of the junk food filled with preservatives, that adversely impact health. We are all educated
I can’t even pretend to be able to say this persons name.
And he’s in England and in British government?
WTF 🤷♂️
TF has your inability to pronounce his name got to do with anything?
Racist?
@@scottb8116 the fact that he isn't english or british whatsoever
Enoch Powell just wouldn’t believe what’s happening in this country today, shame !
I'm not getting that. Go on, explain
@@taekwanlew enoch powell almost saved us from the foreign hordes
@@taekwanlew Enoch Powell was an extremist and later discovered he was mentally ill.
@@c4four132 What foreign hordes is that then? The only thing we need saving from is the cretins in our government. Or are you stating it's because he's a black man? Skin colour has nothing to do with the man being an a*sehole.
@@goldenboots507 you choose to ignore the fact that in 40 years, we ethnic britons will be a minority in our own and only country
The government meeting diversity targets, I see.
The Tories are doing what is right for the country
Imagine if that socialist labour party was in control. Make Britain great again
Truss was a Lib Dem and so were her cabinet ministers. She ain't a Tory, she's playing you.
@@dimebagdirtyshe became a realist. Best pm since Thatcher
@@stuartparker6838 thatcher sold coal mine jobs to 3rd world countries.
Those coal mines are owned by China now.
@stuart Parker are you for real, she is a snake, borrowing at astronomical amounts which the tax payer will pick up the bill. A windfall tax on energy companies should have been imposed yet no.
the tories have sold are nation to the nations of the 3rd world for their own gain