Kwasi Kwarteng delivers sweeping cuts in latest mini-budget 

Did he really just say that the solution to high-earners avoiding their tax obligations is the cut the tax they pay so they're less inclined to find loopholes to avoid paying? How about we close the loopholes???

It's cute thinking that the corporations are going to reinvest that money back into the economy, instead of just awarding their CEO's bigger bonuses.

Nothing like an inflationary budget when your current inflation is at 10%.

In short: If your poor, "your stuffed". If your rich, "We are on your side"

Love how he says he's helping cut ours energy bill's when mine has gone from £80 to £250 a month and will go up to around £300, but with their help bring it down to £290 maybe. So from £80 to £290 in under a year isn't really cutting my bill's. This is like going into a shop a buying something with 20% off after they have already increased the price by 50% so they can pretend your getting a deal!

And why is the press calling this a mini-budget? It's the hugest, most apocalyptic budget since 1972

The only people getting help and tax cuts is everyone earning OVER £150,000 a year. The rest of us get 🖕🏽

And people said Jeremy Corbyn was bad.

Liz trustless will be our downfall.

Imagine implementing Trickle down economics policies in 2022. =(

The only way some people are going to keep warm this winter is with violent rioting.

My dude sounds like a deeper-voiced Boris Johnson

Ah, here comes the great laissez-faire economics again. It wouldn't end well

Wish they would try trickle up economics just once to see if that makes a difference.

To summarise the rich are going to get richer and you are going to get poorer.

This is like a car crash in super slow motion.

Ridiculous ! they are all educated to talk in circles to say "More money for the rich, NOT for the backbone workers of the country!"

Im paying £180 a month which is not far short of that limit but that is not enough to cover me heating my water and the house so we are still being ripped off with ridiculous standing charges you should cap those too!

What did he say.. That MPS will be taking a pay cut? Energy companies will lower the price? And stop big bonuses for people who really don't deserve it

Well, why are we surprised. A budget for the rich. They never fail.

The highest cheer was on the income tax at 40%. I wonder why that was?

Wonderful logic. UK North Sea gas producers, without any real justification, such as a huge increase in the cost of extracting gas (which has not occurred), have hiked the wholesale price of gas in the UK, to the level the Germans and others, who used to get their gas from Russia, are now, due to their own foolish sanctions on Russia, having to pay because they have a critical shortage. This price is said to be £3,500 pa for a typical household (with another 80% rise, originally to be imposed in January 2023, postponed for two years). Capping the price increase at £2,500 (for only two years) is said by Mr.Kwarteng to be saving each householder a £1,000. Where is the saving when the cost of gas to consumers has increased (according to his own figures) by at least £1,500 pa? The gas producers are not reducing their prices, how is the price cap to be paid for? The government is making up the difference between the price demanded by local suppliers and the price cap by borrowing money (which the British taxpayers will have to pay back with interest). 'Market forces' demand that the price of gas produced in the UK is sold to UK residents by local suppliers at the same price as it is sold to consumers in continental European countries. Why? "Because we then make much more profit"" the producers can say. The destruction of the British economy and the impoverishing of millions of UK residents is an unimportant side issue - and no moral argument is taken notice of. The Chancellor has applied a small sticky plaster on a wound that requires a tourniquet and surgical treatment (stitches). The North Sea gas and Oil fields should be taken out of privet ownership: Nationalized, and the supply of energy to our own citizens at reasonable cost given priority over making (massive) private profit in the export market.

its like watching sheep in a pen all reacting to the farmers bleets and when he's finished speaking and pronounces a big word correct they cheer

Civil unrest or high crime rates to follow ….

So people making a lot of money don't have to pay a lot of tax... that makes a lot of sense

Criminals where guy fawkes when ya need him!

The no increase on corporation tax rate made my jaw drop.

This "YEEEAAAAAAHHHHHH" stuff makes me want to puke. I cannot stand politicians.

If you're in charge, you don't have to wait for money to "trickle down" into our pockets. You could just give it to us in the first place. Giving the rich more money while the poor suffer is a *choice* and they *do not care about you* .

He came in like a wrecking ball 😂

Rishi must have been laughing all the while 🤣🤣

Winter is coming and it's not looking pretty for everyone out the workforce.

The issue with taxes is the complexity which creates loopholes.

It always amazes me how these foreigners say our country.

It's great to see that Howard from the Halifax finally has a new job. 👍

The party of high taxes I'm afraid a penny off income tax won't wash .

How’s about scrapping the basic rate on a second job as I pay 20% on my second job as I’m thinking what about all the people working more than one job to keep afloat during these hard times that might be a big help

Translation: If you’re broke we don’t like you and will punish you as much as possible. If on the other hand you are part of the upper echelon we will do everything we can to ensure you get the most advantages over everybody else 😁😁😁

The funny thing about this announcement is that minutes after the pound crashed. That's historic.

WE ARE F#$KED...

He keeps on smiling, whether it’s the Queens funeral or for the UK!!!!

The Life Raft they have launched, has a massive tear in the hull.......Let's hope we can all reach the shore in time !!

Literally done nothing for households, as they will be paying more than they should, while the oil companies get more anyway... this is a fking disaster. None of that money is due back to us on the ground...

The Guardian has done it again. Removed a video and then reposted it with all the original comments missing. Why?

Unbelievable

I still can't get my head around this a few days later. Even the US treasury said this was reckless.

Where are the opposition parties letting this happen 😆 🤣 😂 😹

Yet more hot air from the party who doesn't care for the poor and average people in this country.

Well done Mr Kwasi.

We'll be going through the Thatcher era again now then ffs!

What a boon for the higher earners and disaster for ordinary folk!

Kwasi protecting his rich bezzie mates, it's basically all Conservatives do.

Amazing…..however, they need to stop enormous dividends to share holders which allows only a meagre salary increment to the people at the bottom of the chain who go on strike to highlight their plight!!!

Look how smug Truss looks all the way through. What a different smile to the one she displayed for weeks while she tried to win public opinion over Rishi Sunak.

Yep. Nothing worth listening to as per.

Funny I pay more tax to my local council than any other house on my street yet I don’t get a payment because they decided my house should be category e not d

I have no idea what he just said 😂

What is the energy cap for?

Only the wealthy seems to get all the advantages in the UK 🇬🇧 and the poor seems to get poorer and poorer when it comes to everything including dealing with taxes etc...

A 'penny' off for the peasants...and thousands for the millionaires. Yeah, that's really fair!

Why tf is a man named kwasi kwarteg in british government in the first place?

Well time to get rich then... i mean to be fair might as well take advantage of the system

This didn't age well...they need to replay all the tories cheering him on...constantly until the next general.

"the 9 scariest words of the English language are: I'm from the government and I'm here to help"- Ronald Reagan

The problem with this country is that you have bosses of companies earning over 100k and the staff on 20k what justifies the wealth gap, it's insane.

I’m sure I’m understanding this correctly 😂

Hi there my name is Kwasi Kwarteng. I admit that Liz and I got a bit carried away with the mini budget ,but you know , we all like a bit of a laugh and we all get a bit high spirited at times . Yes we wiped off £40,000,000,000 off the UK economy but where's the harm . We all need a bit of fun . Liz is still entitled to her £110,000 per annum for having been PM and I'm still doing very well myself thankyou very much .

They've properly lost their minds and the plot...

The PM and her chancellor are living in La La land!

The Chancellor doesn't know what the f.......k he is doing!

Kwasi couldn't deliver a pizza let alone a budget!

Did he say sweeping cuts, I wouldn't trust him to sweep a chimney.

All these companies earning a fortune out of us

Tax cuts might be popular now but the debt crisis we are approaching certainly won’t be.

Amazing being led by people who believe in fairy dust and unicorns! Independence for Scotland NOW!

Geezer looks like Eric Andres mate, Hannibal Buress

Shambles since I have left

Unbelievable. Look across the world, it's the 1930's again, we know how that ended..😆

How do these people sleep at night smh

So my electric bill has doubled from the beginning of the year to the start of next month by nearly £1300 but I should be happy with getting £400 help 🤦‍♂️

This guy has clearly not heard about a little thing called INFLATION. This will just make everyone poorer in the long run. Get an actual economist who knows what they’re doing in please. And some may say interest rates will be increased - not effective at all in the short term. Dangerous times,

I mean - this is pretty bad obviously... but can you imagine how terrible things would be if Corbyn got in?! We'd have an NHS in collapse, social unrest, failing domestic utilities not delivering in the public interest, massive poverty across the nation, a surging national deficit and rising national debt! I bet the £pound would have dropped to it's lowest value in decades as well, and I expect that income & wealth inequality would be the worst it's EVER been since industrialization! *Cough*

Brilliant idea. May i turn on my heater 24/07 now?

I honestly haven’t felt this positive about the economy since the 1980s!!! Tax cuts = wealth creation, which is the only way to boost business, jobs, tax revenues and thus public services.

Masters of spin they are saving us money when they cause that’s cause the problem in the first place

Wow. That's a great news. If I can save 1000gbp on heating this year and my bill last year was 1000gbp, it must mean that my heating will cost me approximately zero.

The front bench, basically The Muppet Show!

when you made it and you forgot that your aunty pays £800 a year not £2000 .

Oh once again..... Believing in trickle down 🤦

I can see this government will not last long under truss

Not a bad budget for a far right country!

The only solution to this age-old issue is a vest strapped with C4

Hopefully these policies will help us spend our way out of economic problems or rather it better had.

The only people again who gain from the tax cut are the rich, me on the other hand like most others will save £170 a year, a measly 1%, my electricity has gone up £1200 a year, food bill up at least 20%, fares, petrol everything has gone up except my wages, I'm supposed to live on my minimum wages not even the living wage, I feel physically sick...

I’ve just got my combined 5k gas and electricity bill…. So when does that take effect?

We’ll see in the coming years how it works out.

Investment zones sound like lawless centres to be sold to CHina to have pay rate of < £1 per hour. Business will love it

Well that all worked well didn't it.

No ideas, no creativity. Just evil bleeding out of their pores.

It's trickle-down economics for people who don't understand how it's supposed to work. Giving the rich more money has _some_ trickle because they buy more, which means you need more people to supply the stuff they want, but that only translates to more low wage jobs. You're supposed to lower the tax for businesses and VAT, giving lower wage earners more purchasing power. But the key is, actually collecting the taxes from large companies and making it easier for low earners to access capital to start their own businesses. This is another step to becoming like america, where there's endless miles of homeless people on the streets and shantytowns full of homeless working people.