James O'Brien's utterly devastating response to Liz Truss' U-turn | LBC

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James O'Brien's utterly devastating response to how Liz Truss' government has 'alienated supporters' with the U-turn on abolishing the 45p tax rate.
This video clip is from an LBC show presented by James O'Brien on 03/10/22.
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2 окт 2022

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Комментарии : 1,8 тыс.

@bartz3245 Год назад

I think it's high time for vote of no confidence towards the ruling party.

@user-zu8qh2mb9f Год назад

Agreed sir

@ThomBoecker Год назад

@Paul Hitchens In the words of your PM: "You, sir, are a disgrace."

@JT-si6bl Год назад

Ah but you see, Gordon Brown and Jeremy Corbin are actually Force Projecting their control from another galaxy. Tories are not actually needing voted out, are they.

@kingarthur7250 Год назад

Sign petition for gen election on petition gov website

@normanmunns4743 Год назад

Agreed but who would instigate it. The Tories wont because they know they will lose

@Frserthegreenengine Год назад

She's only been in the job for less than a month and been running for leader since July and she already has made more U-turns than I have in my 6 years of driving!

@Kerbal_fever Год назад

I'd wager that you've done more safety checks though.

@nawazhemmuth8506 Год назад

She's a walking contradiction.. 1. Liberal turned Right winger 2. Republican turned Royalist 3. Remainer turned Brexiteer 4. Low tax turned tax cut reverser She needs to be put out of her misery

@johnmurray1044 Год назад

It wasnt a u turn, it was a change of direction.

@ferretfriend5458 Год назад

Remember 2 weeks of that doesn't count because of the queen's death...

@johnmurray1044 Год назад

I did not come up with that some tory said it on the news this morning

@PrincessNads1 Год назад

It's all too late. They've shown us their true colours now and shown us just how little they think of .the average family in this country!

@quwipyui6519 Год назад

I just planning to migrate from this country a more than 14 months for now

@chatham43 Год назад

.....what..?

@jlr108 Год назад

They've been showing their true colours for a full 12 years now, for anyone who had a mind to see it.

@HB-bl5mn Год назад

They wrote it all down in Britannia Unchained aka Tory's Kampf.

@ConstructiveMinds100 Год назад

Who does it benefit? HEDGEFUND MANAGERS ....... After she introduced this policy one of her mate made over 100 millions. Saavy? ....... Liz Truss might not seem that bright. After few days in her job she can retired with nice fat kickbacks. Travel the world. Sipp pinacolada and do Nada. Great woman. Looking up to her.

@ricford6816 Год назад

Congratulations to Kwasi Kwarteng. A month ago he was not known outside of his party. Now he has made sure his name will forever be remembered, that's some achievement. Within a few short weeks he has gone from a nobody to stamp his record in history as Britain's worst ever Chancellor.

@GeordiLaForgery Год назад

Pretty sure the conservatives like him a lot, he does what he's told and made his mates a fortune in a few days by shortselling.

@MrWhodini22 Год назад

To paraphrase the always wise Homer J Simpson: "Britain's worst ever chancellor, so far"

@snsn7251 Год назад

He is a willing fall guy.

@Daniboi971 Год назад

Oh well at least he ticks the box

@glasgowrealnews7729 Год назад

Go Kwarteng

@robbie9629 Год назад

It's funny how the one time Truss answered a question directly in the whole of the kuenssberg interview, 'Are you committed to the 45p tax rate, she answered with an unequivocal 'yes', and she has to U turn the following day.

@stephenarcher8929 Год назад

Its more than funny, actually quite astonishing. Here is the PM interviewed on prime time political slot saying YES and next morning its NO. All credibility gone....in a flash.

@STeALtHsVidz Год назад

The only other question she answered unequivocally, without trying to talk all over Kuenssberg, was did you ask the cabinet... No, was the answer.

@lukepurse9042 Год назад

What British people need to understand is that she is STILL committed to the tax cuts for the top bracket, she is simply taking it off the table FOR NOW.

@andrewclarke6916 Год назад

Seems to be becoming a trend for leaders of the Conservative Party to lie through their teeth when addressing the electorate.

@ConstructiveMinds100 Год назад

@lost_boy Год назад

Of course they’ve u-turned, their short-selling mates already made fat stacks of cash.

@kathleendoyle5795 Год назад

Well said

@bryanfarnet2037 Год назад

100% mate

@jocondie2069 Год назад

@Ed Gray Exactly

@BigBlack81 Год назад

This is what worries me. I think this was intentional just to pay off their mates in the business community. The rest is much uglier to come.

@skarthi52 Год назад

And probably made another fortune on the U turn and subsequent rise in the pound.

@chiefsilverback Год назад

I think the worse part of the U-turn was Liz 'I just stepped out of Wallace and Grommit' Truss throwing out a quiet "it was Kawzi's idea" to try and deflect some of the blame from her!

@stoicthedog Год назад

@gnu_andrew Are you sure? That can't be right, surely. From what I've seen over the past 6+ years, anything that the Tories do is everybody's fault but the Tories...according to the Tories.

@kevinwillis6707 Год назад

liz "the buck stops over there" truss..

@ferretfriend5458 Год назад

I see her stupidness truss is keeping very quiet today, and thrown him well and truly under the bus.. If he goes so should she PLEASE 🙏

@James_RC Год назад

She actually said "it was a decision that the Chancellor made". Decision?!! LK didn't pull her up on that but amazing statement for a PM to make. Just who is in charge here?

@paulstimpson830 Год назад

Dear Liz, I don't care whose actual idea this was. As the Chancellor's boss, I don't believe there is any way he went full-Kwamikaze and announced a policy shift as big as this tax cut without you being involved in it or receiving an advance copy and signing off on it so this is on you. If he did do this on his own, without your knowledge then you have failed as a manager because your direct report is out of control and you haven't exercised any discipline

@anthonymccabe3773 Год назад

What annoys me about this 'debacle' is that the Government is unwilling to shift on it's decision to cut £2b per year from the £6b railway's budget, yet a chancellor has no accountability for £65b lost (transferred) from the public purse to his his hedge fund best pals

@ConstructiveMinds100 Год назад

Fully agree. ... Who does it benefit? HEDGEFUND MANAGERS ....... After she introduced this policy one of her mate made over 100 millions. Saavy? ....... Liz Truss might not seem that bright. After few days in her job she can retired with nice fat kickbacks. Travel the world. Sipp pinacolada and do Nada. Great woman. Looking up to her.

@anthonymccabe3773 Год назад

@@ConstructiveMinds100 Are you her son or hedge fund manager? If not, I can't see your benefit or self interest in her being a 'great woman'. Perhaps you can enlighten us on your reason versus the 99.99% off the population.

@benjaminsimpson5089 Год назад

I think that was sarcasm…

@doppies2000 Год назад

@@anthonymccabe3773 🤦🏻 whoosh, that one went right over your Head !

@ianmuir3640 Год назад

He should be investigated about that it stinks to high heaven

@aadamaadam2355 Год назад

If there was never a Brexit vote, we would not have been here first Theresa, then Boris, now Liz,

@tomm487 Год назад

...Brexit, the disaster that keeps on giving....

@hatsunemikufanboy Год назад

You forgot David Cameron who started this whole mess to begin with

@MrMWPeach Год назад

@@hatsunemikufanboy except DC was already in and called the Brexit ref...

@hatsunemikufanboy Год назад

@@MrMWPeach exactly my point he ran on a Brexit vote manifesto and that election promise from 2015 have led directly into this chain of 4 prime minister's in 6 years

@A67255 Год назад

Do be quiet you pathetic loser remainder. You are an idiot, this has nothing to do with Brexit and everything to do with the calibre of current politicians and their total lack of ability to do the job. In fact most of them are of your ilk ,worthless millennial minded morons.

@jameslawrence3666 Год назад

I was under general anaesthetic this morning having a heart operation for my AF...... waking up to this is hilarious!!

@Paul-qs3nu Год назад

Hi l wish you well in recovery, k to have AF could l ask what the opp involved and expected results

@lorrainetaylor8570 Год назад

So glad you had a laugh🤣

@yorkshirepud6676 Год назад

As long as you wake up James ..................Well Done!!

@heavenlyprincess9502 Год назад

Pray you get stronger.

@goonerbish Год назад

Laughter is the best medicine.

@bobduck649 Год назад

Was getting rid of the 45% tax band simply a ‘sacrificial lamb’, with the intent of ‘U’ turning, to distract attention from some of the other budget changes? The ‘U’ turn has made such big headlines that it has distracted everyone from other more odious changes and proposed changes like removing bankers bonus caps, ‘government departmental efficiency savings’ and no effective increase in benefits. Food for thought

@jasongrimes2902 Год назад

Well said, I said the same earlier, a very cunning plan of distraction politics

@fwd105 Год назад

Monzz

@themarra Год назад

Finally some body else can see what’s happening here 👍

@merkingGuy Год назад

I don't think they are they clever mate

@karimfarangfromthejungle6027 Год назад

@@themarra but, loopy Liz is the sacrificial lamb. They’re so arrogant, they think they can win a general election, which they probably will.

@PedrSion Год назад

Trust may have already gone, but Truss hasn’t, unfortunately !

@sandraholland2706 Год назад

But definitely needs to go and take the Chancellor with her!

@Manic2005 Год назад

If the government made the U-turn based on listening to the public, surely they should be listening to the fact that more than 468,496 people have signed a petition asking for a General Election?

@snafufubar Год назад

Wasn't listening it was fear what would happen in any election.

@subterrainmusic4002 Год назад

Selective Hearing.

@dianeshelton9592 Год назад

They didn’t listen to public , Lizz Truss only u turned when her own MPs said they wouldn’t support her and she was likely to be pm no longer. It was simply self interest.

@markwelch3564 Год назад

@@dianeshelton9592 MPs who may have been looking at the growing tally on that petition 😁

@gLORYtOtHEfREEwORLD Год назад

We’re do I sign as well

@meangene408 Год назад

They weren't awarding tax breaks to the highest earners. They were awarding tax breaks to themselves, the other high earners were just colateral.

@jim-es8qk Год назад

MPs are not in the highest tax bracket. They are not even close.

@Zootalaws Год назад

@@jim-es8qk MPs are in the top 90% of earners on salary alone. 23 of 29 of her cabinet are millionaires.

@therealjetlag Год назад

@@jim-es8qk Not based on their base MP salary, no, but cabinet members get their £84K, plus another £67k. The 45% bracket is £150k which just pushes them into it. Add on their additional salaries from other work and they are all well inside the 45% bracket, even with the fancy accountancy footwork to reduce their liabilities.

@rhodriwilliams2599 Год назад

This is something that the rich do that the working class can use a little more of: class solidarity. They look out for themselves and people in their position. Whereas we have hard working people struggling blaming others who are also struggling whether that be people on benefits, immigrants, addicts, and the homeless. When the real villains are these billionaires at the top! The ones who lobby governments and the politicians who accept their “donations”. The capitalist system that oppresses everyone and anyone that is struggling.

@meangene408 Год назад

@@rhodriwilliams2599 I would say to a very large extent these folk have turned us on each other. The best way for a government to distract from it's short comings is to find a scapegoat or create a problem we didn't used to have. Usually that involves a certain slice of society. Eventually you use up all those slices and we are all at each others throats. Whilst they quietly smile and move on. Politics is 100% self preservation.

@TheDonosul Год назад

Also: not a peep out of them about Banker’s Bonuses or Windfall Taxes on the power companies who have been profiteering! There’s a lot more that they need to do to even raise themselves up to the level of deplorable

@ConstructiveMinds100 Год назад

Agree. Who does it benefit? HEDGEFUND MANAGERS ....... After she introduced this policy one of her mate made over 100 millions. Saavy? ....... Liz Truss might not seem that bright. After few days in her job she can retired with nice fat kickbacks. Travel the world. Sipp pinacolada and do Nada. Great woman. Looking up to her.

@firefox1234ize 11 месяцев назад

@@ConstructiveMinds100great prediction! Those famous “think tanks” are already flying her around the world to shill their propaganda.😂

@tx5190 Год назад

The fact they tried to withdraw the top rate in the first place shows how out of touch Lizzy and Co are. Truss said she was prepared to be unpopular? As soon as she does, she u-turns and in doing so both actions shows their true colours.

@ConstructiveMinds100 Год назад

@leventemolnar1973 Год назад

Kwasi Kwarteng announces mini-budget, markets reacts a very predictable ways, GBP falls, Kwartengs previous boss with whom he had dinner just a few months back makes 220 million shorting GBP. Coincidence? Maybe, but a bit too close for my taste.

@madaknevarski6478 Год назад

indeed, questions need asking

@michaelohara49 Год назад

It could be a coincidence, I highly doubt it but maybe.

@raycroal Год назад

no coincidence, who was at the champagne party should all be named and investigated. the u.k has become a third world state with the same third world levels of corruption

@BigBlack81 Год назад

@@madaknevarski6478 Levers have been pulled and people have made money. The right questions will never be asked because those with the profits don't want them to be asked.

@TheArgieH Год назад

Don't forget the timely champagne cocktail party with his financier mates.

@superfoxes7204 Год назад

Watching the conservatives run the country is like watching the benny hill show

@noirgoon1662 Год назад

or more appropriately the three stooges or rather two!

@adamibrahim7338 Год назад

W Nottingham Forest

@ianmackie8959 Год назад

Monty Python

@IamRobotMonkey Год назад

What, painfully unfunny and thoroughly depressing?

@anthonye4575 Год назад

Just imagine if Corbin would have got in. Everyone forgets what options we had at the time.

@penshaw2 Год назад

Not worse as the markets demanded it. By keeping it the market would ensure mortgage rates go even higher then the increases already expected. However, by reversing it the government just confirms in the eye of of public the government haven't got a clue what they were doing.

@becausepuppets Год назад

I'm somewhat confused by this. Hasn't the damage already been done re: interest rates? It's my understanding (and please correct me if this is wrong) that the announcement was made, the pound tanked (was shorted), the BoE printed £65 Billion ish, which will drive up inflation necessitating a further interest rate hike.

@steveswangler6373 Год назад

dont be deceived, they know exactly what they are doing.

@kevinroberts3765 Год назад

@@steveswangler6373 correct, was deliberately done it to get her rich mates in hedge fund management even richer real quick whilst dumping the debt and cuts on to all of us

@deniseb4426 Год назад

Premeditated U-turn? As you said, some people made lots of money with it.

@chatham43 Год назад

...some always do....they speculate whoever's in power.....

@jack2453 Год назад

Who will be happy? Kwasi's mates who bought ponds at $1.04 on Friday and sold them for $1.12 today.

@tobyharling719 Год назад

Indeed, I wish I had dipped my toes in the water.

@kevvere8604 Год назад

whilst my pension fund i’ve built over 45 years is now shagged

@chatham43 Год назад

....it's the price of the disastrous lockdown....it was inevitable..

@netyoda Год назад

illegal market manipulation and insider trading

@BLUESKY-zt1nv Год назад

Sadly i know of 5 "Working Class Tory Voters" who are absolutely devastated at the U-turn ...unbelievable but true ..

@buzx1313 Год назад

Have you asked them why?

@bodybalanceU2 Год назад

working class tory voters deserve everything they get

@lucyboyce7491 Год назад

They obviously have political Stockholm syndrome

@chatham43 Год назад

.....don't think he did....

@karinaz8756 Год назад

@@buzx1313 they have to defend glaring incompetence.

@clivesmith9377 Год назад

"It's not a u-turn, it's a change of direction" 😂🤣😂🤣😂

@kiwihib Год назад

360 degree one.

@Banquet42 Год назад

180 surely? 360 would be a full rotation. They are still doing what's best for themselves and their mates so in that respect they are heading In the same direction I guess?

@YuleNevano Год назад

I heard that too, they were going to do a thing now they are not…polar opposites

@apkk5594 Год назад

BBC news described it as a "change of heart". However, Kwarteng is clearly still wanting this policy. His response was basically sorry, not sorry which is why he describes it as a distraction,

@buk3695 Год назад

@@Banquet42 wait a minute , she'll be back at it in a week

@AustenGoldsmithPhotography Год назад

They finally finished me off . I haven't even bothered to read the news about this . Well done liz , you broke me

@STeALtHsVidz Год назад

Come on dude, one photographer to another, pick yourself up, and get some shots of the removal van outside No.10. ;)

@AustenGoldsmithPhotography Год назад

@@STeALtHsVidz I shoot old film cameras , by the time I've metered the scene loaded the film up there will be a new prime minister!! Lol

@bothi00 Год назад

Who’s it for? Kwasis personal boss and his colleagues. Meet with them, tell them something you know will crash the pound, give them time to short it, and then make your announcement. Then after they’ve cashed out once it hit $1.03 dollar parity, then calm the rest of the markets and raise interest rates. It’s an even smaller “we’re gonna be voted out soon, let’s just help our rich mates” and more “let’s just help people I personally know and can help me later”

@BigBlack81 Год назад

THIS is what I think as well. I think they know their time is short, they WILL be voted out, and this is securing a bright future for them and their mates after they leave Parliament.

@davidfarmer9118 Год назад

Obama regularly did the same.

@bothi00 Год назад

@@davidfarmer9118 correct - what’s your point ?

@moonmoggyjohn5227 Год назад

Kick the Tories out now

@chatham43 Год назад

....buts what the alternative Johnny boy..?

@gtingaming716 Год назад

@@chatham43 open your eyes. Stop being a turkey voting for Xmas.

@ACameronUK Год назад

@@mihangelap-williams9871 not all of us, I assure you 🙃

@dimitrius-r5sgamingchannel388 Год назад

@@chatham43 how about someone OTHER than the Tories? There are other political parties, you know.

@gbrownlj35 Год назад

I hate the tories just a disgusting party no empathy or caring bone in them

@gtijohn69 Год назад

Maybe I'm being sceptical, but was this the plan all along?. "Let's give our rich buddies the chance to make a few extra millions, then we'll do a U turn".

@jillhornby5604 Год назад

I agree.

@michaelohara49 Год назад

Not at all, in fact, it is the most likely scenario. They would have been well aware how the public were going to react to such a move. They knew it would affect them negatively, politically speaking, and knowing they only do things that benefit themselves, what else does that leave ?

@russellharris5314 Год назад

perhaps they are trying to loose power as fast as possible to hand over to the next government asap. things are just getting worse and worse at the moment and alot of it is their fault but some isn't. The global collapse in finance is only just starting and Tories dont want their name anywhere near it when that happens

@geoffpulham5032 Год назад

Hence Kwasi's pals egging him on at the champagne party, toasting our impoverishment.

@royboy4743 Год назад

Don’t give them the benefit of doubt,it was wrong and now they see it ,incompetence and that’s being polite

@nekrophil7506 Год назад

That lady WAS for turning.

@madaknevarski6478 Год назад

she doesn't turn she spins

@nejdalej Год назад

That Lady was so quick to turn, you'd have sworn she was in a bad dance movie.

@jeremyallen5056 Год назад

Initially the question was “how disconnected are these people to get it so wrong with a tax cut for the already wealthy.”? Then the question was “where is the justification “? Then the question was “will you stand by it”? Now the only question is “How long will WE tolerate being abused by these grotesque people”?

@thoscar02 Год назад

I have always said that we must mistrust Ms Truss, together with Kwasi, her quasi chancellor, but I never for one second thought that she would be this bad after barely two weeks in office. I have seldom agreed with Dominic Cummings but he was spot on when he described Liz Truss as "... about as close to properly crackers as anybody I’ve met in parliament." Yet the majority of Conservative members voted for her rather than, in my humble opinion, the much saner alternative of Rishi Sunak.

@nick1065 Год назад

Don’t worry…she’ll be out by Xmas and your mate will be in charge then.

@d3ngar Год назад

I think we all thought he was the much saner alternative, but it seems the best of a pretty slim group to pick from.

@Anon-xd3cf Год назад

That is almost as much of a brain twister as it is a tongue twister. Well done.

@peteredwards2318 Год назад

Ah, yes. Risky Rishi Sunak, more than smart enough to do the job, but also a one hundred percent dead cert to steal your organs and sell them back to you in installments. In truth, any Tory would have been a nightmare.

@josephinedewar4469 Год назад

Isn't the Chancellor's name Kamikazi?

@Squirrel_101 Год назад

I was waiting for your take on things!

@kevinkorenke3569 Год назад

You are quite literally describing what happens every time the GOP takes power here in the United states.

@user-zu8qh2mb9f Год назад

I just love how literally no one refers to her as prime minister, she’s just “Liz”

@barbra7562 Год назад

I don’t call her Liz. I call her something much more colourful!

@STeALtHsVidz Год назад

@@barbra7562 You n me both Barbara. :D

@seansmith445 Год назад

She and Boris before her have demeaned the office of Prime Minister.

@ianstaples9118 Год назад

EveryoneI know calls her Loopy Liz

@JessicaMiller-pc4dj Год назад

Dizzy Lizzie is the polite name I call her, but in private it's 🤬🤬🤬🤬 #@&* !!!

@jonathananderson3897 Год назад

Her entire career is a sequence of u turns, including her views on royalty, her political views and even parties. So she stands for nothing, and is somehow in power? Shame on us all for allowing this to happen

@tsd6916 Год назад

Shame on us. Exactly. WE allow this to happen, and it is our fault. We clearly aren't angry enough yet.

@brownsparlour9813 Год назад

But no one voted her in so how can it be the peoples fault?the publics at fault for voting in the tories thinking that the future would be bright.12 years on we now have one of the worst economic disasters this country has seen.thats what their at fault for not this clown

@bernstock Год назад

Very well said James. I feel bad for my old England. You need a real leader!

@barrymccullock4757 Год назад

Essentially they created a financial crisis on top of a financial crisis then reversed it after making matters worse than we thought it possible.

@mysystem8961 Год назад

When Michael Gove is the most sensible person in your party🤣🤣🤣🤣🤣🤣🤣🤣🤣

@chrisko6439 Год назад

As a German, I never heard of him, so I googled his name. The pictures of his face had me giggling. How many lobotomies did he undergo?

@stevedavidson666 Год назад

Says it all, doesn't it. Well said.

@erebusvonmori8050 Год назад

The Tory party has finally descended to the point where Michael Gove is the intellectual and Jeremy Hunt is the moral voice. I think I just threw up in my mouth.

@harveydontell777 Год назад

HAHAHAHA! Even with the Great Depression that's coming, that was a funny comment!! 👍

@petermcclenaghan5199 Год назад

Gove is in self preservation mode. Nothing else.

@markrobinson1458 Год назад

A case of shaken not stirred, can't wait for the next episode 😀

@niccolamachiavelli8094 Год назад

This makes Truss' and Kwarteng's rich backers. They will have bought the "pound" when was cheap and, now that the value of the "pound increase, wil selll it and make another profit

@niccolamachiavelli8094 Год назад

Sorry, the opening sentence should read "This makes Truss' and Kwarteng's rich backers very happy"

@JamesSomersetActor Год назад

My assumption is that they realised they would lose a vote on it, and decided U-Turning was less damaging than having their own party vote against them.

@chatham43 Год назад

....glad you worked it out......

@pedalpusher2008 Год назад

"The government has listened" - and it only cost £65 billion, what a bargain

@agt155 Год назад

You think the 45% cut was to blame..lol

@ExpendableRedshirt Год назад

@@agt155 You're right. The top rate was only the tip of Kwartengs rip-off iceberg. I'll be interested to see if the other 95% of giveaways to the fat-cats are postponed too.

@alanpattinson6211 Год назад

pedalpusher2008 Spot on, perhaps compared to Test and Trace.

@Paul-eb4jp Год назад

@@agt155 You don't? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

@DarkHelixia Год назад

Actually it has already costed £500 billion in lost assets since Truss has come into power ...

@terryloftus8626 Год назад

Why are people shocked,it was plain for ALL to see.Liz Truss is and was always awful

@Whatever_Happy_People Год назад

Trying to keep up with what's happening in UK here in Australia but becoming 'dizzy'.

@Firestarter12 Год назад

Lol thinking this will give my country Scotland independence

@paulgibbon5991 Год назад

@@Firestarter12 Can you take the North of England with you? Actually, let's all become independent and form a new nation--all of us outside London--and leave Londongrad to its own devices.

@Firestarter12 Год назад

@@paulgibbon5991 your more than welcome, Scotland is open unlike South England, I have family in Leeds

@jenmatthews9247 Год назад

Well said👏👏

@Hyperplaterine Год назад

Kwasi Karteng's previous boss, Crispin Oder, has made millions from this. Perhaps that was the reason for this whole farce. It'll be interesting to see if Karteng goes back to work for Odey after the dust has settled.

@Heathen.Deity. Год назад

The main problem Truss has, is she’s just as incompetent as the PM as her predecessor, but she’s not got the intelligence to even play the clown character to cover for some of it.

@chad0x Год назад

So the bank of england spent 65 billion for what??

@q.e.d.9112 Год назад

To make a load of £££ for the Tory kleptocrats who shorted it in the first place. That £65 billion will cost everybody in inflation, but who cares when you just made millions shorting the pound. I’m thinking Russia isn’t the only place due for a revolution.

@britishrose9417 Год назад

Has anyone pointed out that the cut to 40% was "for growth" one minute and now it doesn't matter because "we listened"? So it can't have been essential to growth in the first place otherwise you couldn't abandon it.

@5ynthesizerpatel Год назад

Liz Truss "I'm prepared to do unpopular things" also Liz Truss "Not THAT unpopular!"

@mrtalos Год назад

Doing the U-turn on the 45p rate was the right thing to do, but only because it shouldn't have been even suggested in the first place. It's just sickening at how long it took to get the message after the cataclysm that occurred in the immediate aftermath.

@Geemilli19 Год назад

👏🏾 I couldn't have put it better myself!!

@ethandrood Год назад

'have'

@Geemilli19 Год назад

@@ethandrood you are correct, excuse my poor grammar

@mbrierley144brierley3 Год назад

They haven't admitted it was a mistake, only a 'distraction'!

@Socrates... Год назад

Labour, Labour, Labour !!!!!

@chatham43 Год назад

...rah...rah...rah...!!!

@brianthompson2537 Год назад

Completely right James, they propose it and then realise that it was totally out of touch, big gaff, and then retract it ! Pantomime time early !

@writerinprogress Год назад

The more people in the tory party who are 'furious' with Liz Truss, Kwasi and the whole Mean Girls Gang, the better. We need the Tory party OUT of government office -- ideally yesterday, but as long as it happens by the next election, there might still be hope that this country isn't going to slide into the toilet.

@peterl5804 Год назад

As a senior doctor you needed a long time to earn your first money. Now you earn over £100,000. The NHS wants you to do more work because we have too many vacancies thanks to 12 years of Tory austerity and carelessness. Anything you earn reduces your personal allowance so that you work almost for nothing. At £200,000 it may be worth it again but you never earn that much.

@JB-vr1vz Год назад

Cameron, May, Johnson, Truss - the descent of man.

@mickfeltham2887 Год назад

Scrapping the 45p rate crashed the pound and made some people very rich, a week or so later, the u-turn has meant the pound has rallied and made some people very rich. Anyone here sensing a scam of epic proportions?

@11JTmc Год назад

Kwasi Kwateng's old boss is one of them 👀

@MrAbbas16 Год назад

I was looking forward to James's take on this!

@mav3420 Год назад

Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in a twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you are no longer accumulating but withdrawing its hard to be anything but cautious.

@eddiejohn8506 Год назад

The biggest mistake you can make when investing is to think that you are smarter than the market. It’s almost impossible to time the consistently, you will miss out on great opportunities if you do this, simply DCA into high conviction stocks and let your position grow.

@annagoldman1163 Год назад

I think my major problem is confidence, i keep finding the correct stocks but after a pull back especially a strong pull back i get out…

@Forbes__1 Год назад

For new investors, getting started can feel overwhelming. Risks loom large, and complicated, unfamiliar financial jargon can be intimidating.

@georgechris2204 Год назад

This is exactly why I invest through an expert ! My broker Caroline Renee Steiger is able to find opportunities in any market with her Growth Stock Strategy. To me it’s by far the best way to build long term wealth while managing your risk and emotions.

@kristyluna8527 Год назад

🎉Wealth should be created by investing to create more wealth. Income is the fruit of wealth. If you do not do that, you will not have more income.”🎉

@sunnysaz30 Год назад

Pity they didn't listen about the windfall tax for the oil & gas companies who made unexpected billions in profits at the expense of families and their suffering

@dianeshelton9592 Год назад

They haven’t listen Lizz thought she might loose her job. Self preservation

@nick1065 Год назад

Stop moaning Minnie-you’ll be getting your rebate this year

@Sam-es2gf Год назад

Should probably make them sell a percentage produced at an agreed price the same way practically every country in Europe does. So weird how we're the least reliant on Russian energy but have the highest increase in prices and this never gets brought up.

@BrianCope-ff4yq Год назад

@@nick1065 what that rebate the tax payer will be paying back for the next 20 years you mean?

@bigblue6917 Год назад

Well if they are getting rid of things which are unpopular Liz Truss should start packing

@EuroUser1 Год назад

Humiliating as it is, a U-turn was the only option. A U-turn can be forgotten; while a continuous plunging of the pound can not. The Bank of England wouldn't be able to bail out Government forever.

@aldcliff9882 Год назад

James O'Brien is exquisite.

@chatham43 Год назад

...not a word I would have used..😊.....

@jamiedugda Год назад

The damage is already done. Pound fell. Somebody made money. Remember when we laughed at America?

@bereal6590 Год назад

Their hedge fund friends

@philroo1 Год назад

45p rate was just to distract from the bankers bonuses. Why they never costed it, the u-turn was planned from the start.

@kanedNunable Год назад

and cost us 60bn to sort out.

@explorer0213 Год назад

And it cost 65 billion from BOE

@pjay3028 Год назад

It only benefits Truss because she wasn't going to get the budget through parliament and that would inevitably have meant resignations from both her and the Chancellor. That's why she did it. So yes it's made it worse today, but it (possibly!) avoids something even worse for those two individuals.

@ConstructiveMinds100 Год назад

@Wildgrowsthenature Год назад

What goes around comes around.

@boywonder6659 Год назад

I think one of the reasons was that it wasn’t going get voted through.

@IanMcc1000 Год назад

Just imagine if the speculators also bet on the U-turn 🤔

@kevinroberts3765 Год назад

Yes me thinks that's called insiders information

@Greenpoloboy3 Год назад

Theresa May is PM (I thought, things can't get any worse) Then come along Boris Johnson! (I thought, OK, now things can't get any worse) And then come along Liz Truss (I'm thinking, Oh my goodness, it got worse! Much worse!) Gotta laugh haven't you.

@chatham43 Год назад

....Keirs on the horizon working out what a woman is.....

@edwardmeaburn7658 Год назад

No there is nothing at all to laugh about we have total incompetents in Gov.

@Lezzyboy87 Год назад

@@chatham43 because thats the issue we need to worry about? Tell me, what problems in this country have anything to do with trans rights?...

@Greenpoloboy3 Год назад

@@edwardmeaburn7658 I laugh to keep sane

@JayH22 Год назад

It seems that every decision these tories make they U-turn on it and claim it was a mistake. What a mess.

@netyoda Год назад

and their mates make millions. illegal trading

@firefox1234ize 11 месяцев назад

It’s almost like it’s not an accident 😅

@kevvere8604 Год назад

spot on James

@paulbaugh9908 Год назад

So right 👍

@jonharvey6277 Год назад

I'm sure crispin odey will be pleased with all the money he made from shorting the pound

@jonharvey6277 Год назад

Not really he's a tory probably got a promise of one of those 1 hour a month "consultancy" jobs Tories get in payment for all their dodgy activities

@brianfreeman8290 Год назад

Please interview some of those Party members who thought she was the better bet.

@Alex-cw3rz Год назад

Great video

@bandit2048 Год назад

The country is apathetic - here in France where I live the government would have been lynched by now.

@keithhoughton3334 Год назад

i haven't seen any French politicians hanging from lamposts lately

@stevehall5299 Год назад

Oh yes please Mon ami!

@redlightmax Год назад

The French monarchy was unavailable for comment.👍

@richardsmith273 Год назад

Perhaps in the past but you only have to look at the French’s response to Covid to see that their old ability to rebel and defeat any government proposal they didn’t like is long gone. Whatever the French government has been putting in the water has done it’s job - the French now just roll over and let the government do whatever they want. Is so disappointing - I used to love Frances ability to tell their government to get stuffed.

@downshift4503 Год назад

Car crash, total lack of judgement.

@bereal6590 Год назад

Unfortunately it was deliberate their whole strategy has been since brexit to isolate remove rights and run down services. It's purposeful they even wrote a book years ago, Brittania unchained. The erg is running the show d the psychos are the prior and current front bench. Check out Coffey and Mogg statements simply terrible

@steverocky7215 Год назад

"It's not a U-Turn - it's a change of direction"..... Tory MP Lee Anderson!

@vincek8294 Год назад

350° < 360° 🤓

@hanskneesun123 Год назад

We have a government far too content to paper over the cracks and turn a blind eye, Truss wanted to see if she could get away with draconian policy making, the U-turn isn't a change of heart it's an act of self preservation.

@michaelohara49 Год назад

Or the entire situation was concocted in order for some insider trading to take place by Kwasi's mates who shorted the pound.

@hanskneesun123 Год назад

@@michaelohara49 That hadn't occurred to me but seem highly likely given the company she keeps.

@kevinroberts3765 Год назад

@@michaelohara49 which really ought to lead to an investigation, so blatant what they are doing

@michaelohara49 Год назад

@@kevinroberts3765 It's literal robbery directly in front of our faces. It's public knowledge, just look up the people who made huge fortunes from this and they are all members of the inner circle of this monstrous Government. There will be no investigation, who's going to order it ? The people who would have to order such an investigation are the very people robbing the country blind. This is barely the tip of the iceberg, the most openly corrupt Government the country has ever seen. Actually outrageous what they get away with.

@firefox1234ize 11 месяцев назад

@@kevinroberts3765asking thieves to investigate themselves is a foolish endeavor.

@davewicks1300 Год назад

The issue here is a complete lack of judgement. What if this were a different scenario like a war, nuclear threat etc? I had a career in business and if I'd have performed like this, I'd have been fired. They might be new to their posts, but they should go and go now

@stevetaffy8780 Год назад

For once I agree with you o brien

@jenmatthews9247 Год назад

Unbelievable 😫😫😫😫😫😫😫😢

@propergander1162 Год назад

The scariest point was Kwarsi's speech when he said they planned this 10 years ago and then quickly added 10 days ago ? Was this all pre planned long ago 🤔

@Anon-xd3cf Год назад

yes and no... Him and Liz truss co-authored a book about these policies and have been working with think tanks who wrote these policies about ten years ago... But no... because It seemed too much like a slip due to tiredness... I'll bet the last ten days for him have felt like ten years... as he has been dragged kicking and screaming back down the path he chose. How long have the last ten years felt for the rest of us?

@Mugdorna Год назад

"Britannia Unchained" is the book they Co-wrote which outlined their quite odd economic ideas.

@propergander1162 Год назад

@@Anon-xd3cf Oh ! Do you mean the 55 tufton street think tank who claim to work for the tax payer , but are actually linked to many wealthy lobbyists and businessmen 🤔

@isaackikwera3538 Год назад

you are a top man Mr James O'Brien's always look forwards to your topic

@rogerrodgers6550 Год назад

James thankyou for your brilliant summary of someone who may be the worst PM in history

@mods-qo4pr Год назад

I thought you were going to do the Spanish Inquisition sketch for a moment.

@Lee-zg3gx Год назад

I’m really worried about my Mortgage next year when our 5 year fixed rate ends, looking at BOS it states our payment will up more than £300+ per month 😢 I absolutely hate the Tories for this!! Thousand of people will not be able to afford this, how can the BofEngland reduce the rates? Help!

@Luftkuhlt964 Год назад

Mortgages are still cheap. They probably need to be a percentage higher

@chatham43 Год назад

.....why hate the Tories...why blame them.....you don't think interest rates would have gone up under Labour....this is the price of lockdown......

@bubba6276 Год назад

Agree with Brian on this in fact Tax should be increased for the higher earners to 60-70 %

@johnrussell3961 Год назад

We have 2tn of debt on the back of socialism for the rich. Only the rich can pay it back.

@for111 Год назад

Tax at that level is just punishment - punishment that would raise remarkably little for the Treasury. 40% is a fine upper tax threshold but it was politically suicidal to try to push through a reduction to this at that time.

@michaelcoward1902 Год назад

i'd say 49p

@bubba6276 Год назад

@@for111 If you listen to Brian on another show he said that the government was giving him thousands and thousands & thousands of pounds back, he literally said he doesn’t need all that money, but the government is forcing him to keep it. Maybe the problem is not the tax rate but how much people at the top are getting paid, that keeps wages at the bottom down. If the employers won’t address this problem then maybe government should. Obviously not the Tory’s.

@cujimmi Год назад

@@bubba6276 the government isn't forcing him to do any such thing... He could give that money away if he desires

@andrewolgado6018 Год назад

Still no windfall tax for energy companies and where is the OBR report? Never mind growth, Recession is already baked in now

@nigelburkitt6365 Год назад

Read "The Ragged Trousered Philanthropist" by Robert Tressell. It sounded at one point that James was referring to it. Written over 100 years ago. Epic.

@ArtyFactual_Intelligence Год назад

Still relevant, though my Dad told me to be aware it was fifty years old when he told me first to read it!

@TheGohan09 Год назад

Four doctors are talking. "The Indian doctor says, medicine is so advanced in India that we cut off a man's liver, put it in another man, and in 6 weeks, he was looking for a job." The German doctor replies: "That's nothing. In Germany, we took part of a brain, put it in another man, and in 4 weeks he was looking for a job." The Russian doctor replies: "Well, we took half a heart from a man, put it in another's chest, and in 2 weeks he was looking for a job." The Britain doctor laughs: "You are all behind us. A few years ago, we took a human with no brain, no heart, and no liver, and made a Prime Minister. Now, the whole country is looking for a job!"😂🤣😂

@cheriajohnson Год назад

🤣

@anisdesai4692 Год назад

Thats gold.

@peterjazz850 Год назад

Hahahaha I love it 😂😂👍🏽👍🏽 comment of the day

@tomanderson8121 Год назад

😂🤣🤣

@dabey873 Год назад

British humour in full glory, very apt for the current situation in the U.K.. 👍✅😂😂😂🤣🤣🇬🇧🇬🇧🇬🇧🤣🤣🤣

@charlesbuchan8873 Год назад

Valid point ur right this is an appalling government they couldn't care about working people who are struggling and can't pay bills going to food banks what an accomplishment. They can't admit they got this wrong actions speak louder than words madam ur not competent as a pm your not going to be coming out of this unscathed.

@MLB9000 Год назад

I wasn’t a fan of the Tories before this debacle, but now I’m still not a fan of the Tories

@TehCrushinatorz Год назад

Four things; that they weren't properly consulted in the first place.

@johnrussell3961 Год назад

Truss had agreed the NI increase as essential to elderly social care. Then decided it wasn’t. She extolled the virtue of cutting tax for high earners as essential to create growth. Now she is saying it isn’t. She will defend any u turn if she thinks it will keep her in office,

@philroo1 Год назад

The 45p rate was just a dead cat slapped on the table to draw attention away from the bankers bonuses. If they hadn't done this the news would be about how giving bonuses back to the bankers is the one and only brexit bonus to date.

@kanedNunable Год назад

populism 101

@paulb9769 Год назад

Pretty sure she does not make the decisions.

@chetmanley1885 Год назад

These are my principles, and if you don't like them I have others.

@keithhobbs1 Год назад

I wouldn't be surprised to see her as a Labour MP in the next parliament. She seems to be doing all in her power to ensure a Labour victory after all, and she's already tried the liberal democrats and the brexit party.

@ybkseraph Год назад

Not a U turn, a delay in policy. In any case, even though appalling, this was not the real issue with the budget. The real issue is to have borrowing at unsustainable levels. This is what market see.

@Luftkuhlt964 Год назад

The problem is the media which is why Germany suffers far less