Liz Truss pledges not to cut public spending

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Liz Truss is battling to convince both the markets and some of her own MPs that her economic plans add up.
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At Prime Minister's questions she told MPs that there would be no public spending cuts. But a treasury minister also insisted that the chancellor won't reverse the tax cuts he announced just a month ago.
Tonight, a senior Conservative MP is reported to have accused Liz Truss of trashing the last 10 years of conservatism.
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Опубликовано:

11 окт 2022

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Комментарии : 449

@hg82met Год назад

I don't often agree with him but Sunak was right when he referred to her policies as "fairytale economics".

@Sirjohnfootball Год назад

At the very least you can say that Sunak is a sane bloke. I also think it’s fair to say that he’s probably reasonably intelligent. Unlike the menagerie of delusional f*cking maniacs who make up the current front bench. I honestly think that Truss is dangerously thick. She’d be out of her depth as a middle manager in an SME. How the f*ck she’s in charge of country is beyond baffling.

@fuckbankers Год назад

Things are looking grimm now

@roberttalbot6397 Год назад

She was voted into the job, drunk with power all ov em. Dangerous people

@grimnir8872 Год назад

Did you forget his plan was to increase VAT taxes and such which would have done absolutely nothing?

@roberttalbot6397 Год назад

@Alan G they let it all carry on like Cinderella going to the ball,. Useless all ov em

@bobbobby9056 Год назад

She's like an answering machine. No one's home and the message is on repeat regardless the questions asked.

@KamikazeKosh Год назад

No one's home

@methanedirigible Год назад

No one’s home

@malalapipe77 Год назад

I love Liz Truss's approach, now let's see her departure.

@derekchau2254 Год назад

Looks so difficult if not impossible to show an idiot (vicious too) the door!

@grahamatkinson8727 Год назад

Is there anyway they can get rid of her and her team without wasting another 5 weeks of hustings? Asking for a friend.

@vassabatielos4740 Год назад

Guy Fawkes

@biggusdickus5986 Год назад

@@vassabatielos4740 😂

@newspaperface Год назад

A bullet?

@micheltibon6552 Год назад

At the end, the way she raised her eyes when Jacob Reese-Mogg was mentioned. So revealing! This is Gillian Tett who has written about the financial instruments that were part of the cause of the financial crisis that started in the fourth quarter of 2007, such as CDOs, credit default swaps, SIVs, conduits, and SPVs. She became renowned for her early warning that a financial crisis was looming. Not someone to dismiss.

@newspaperface Год назад

Great shout about the geese mogg eye roll

@PortsladeBySea Год назад

I recently met a lady from Steyning, West Sussex, who had worked with Liz Truss. She said Liz was the worse manager she had during her entire 40 year professional career 😰

@sherekhan888 Год назад

Can u expand at all?

@goognoon523 Год назад

😆

@biggusdickus5986 Год назад

It's a classic case of the Peter Principal.

@radleysmith7528 Год назад

Big towers little thakem

@rk-lj3sm Год назад

LL I miss Rishi!

@kerryfry1857 Год назад

Remember when we didn't have to worry, about keeping warm? Remember when we didn't have to worry, about paying our mortgage? Remember when we didn't have to worry, about the price of food? Oh yeah! That was when we were in the EU.

@fredt3727 Год назад

Ouch 🤣

@samanthahardy9903 Год назад

Even before Brexit there were still people worrying about keeping warm, a roof over their heads and being able to afford food. A majority of them were and still are on minimum wage.

@rob5197 Год назад

@Buymeasnickers Pleasethe war wouldn't have affected the west at all, we as usual decided to get involved in others business - - blame our stupidity and arrogance - - ukraine ex USSR run by oligarchs, mafia, nazy is now OUR FRIEND, since when ? - Ukrainians were the Foreigners we wanted out in the brexit years - - - cant t believe such hypocrisy

@friendgray1 Год назад

@Buymeasnickers Please that permanent 4% reduction to the economy doesn’t help though

@kerryfry1857 Год назад

@Buymeasnickers Please ummm, in Britain there is no growth. It's the worst economy in the G7. No other economy other than Russia has tanked as bad. Globally. 4% of Britain's GDP has been lost, this year, next year, and every year in the future. Just look around. Businesses are collapsing left and right. Supermarkets are struggling to fill shelves. Food bank's are a THING! Warm banks are coming. Children are being scolded by hot water bottles. WTF are you on? The whole world isn't struggling, like we are in Britain.

@danielhoffman7414 Год назад

Who do these people work for? Tax on renewables but not on fossil. They have no shame

@Charmander943 Год назад

The first comment I've seen mention this! I couldn't believe it when they said it... so all these oil companies that are telling the government to tax the extra profits they have made, arnt being taxed... but let's focus the tax on renewables?

@flyingfeline7110 Год назад

I just can't bear to watch her 'in action' anymore at the dispatch box or anywhere else. It's just too tragic - too catastrophic.

@blackbeard6423 Год назад

She hasn't even got started yet. She is wrecking our country in real time, no one wants this

@Bevrinton Год назад

Can you do any better , no you can’t. So stop moaning and give the PM the government a chance. Otherwise it will be a Labour government in power and anyone who has to work in private sector doesn’t deserve that punishment.

@blackbeard6423 Год назад

@@Bevrinton I want Labour and Angela Rayner

@Bevrinton Год назад

@@blackbeard6423 if you are receiving unemployment or sickness benefits , or work in public sectors it makes total sense to vote for a labour government. If labour do win the election then for me it’s shut the business down and go for long term sickness benefits or try get a job working in the public sector , live an easier life with guaranteed benefits or salary in the comfort zone.

@flyingfeline7110 Год назад

@@Bevrinton You don't get on-the-job training as PM. You're either good at it - or you're not. And she isn't. Meanwhile the country crumbles. Bring on LABOUR.

@sherekhan888 Год назад

Anyone considering emigrating?

@KayfabeKarl Год назад

"restrain not cut" "change of direction not u-turn" they seem to think that using different words make it seem like they arent doing what they are doing

@starcultiniser Год назад

its like when overwatch called the gambling "surprise mechanics"

@Dark_Embracer Год назад

Hedge fund managers made a fortune shorting betting against the pound collapsing, private pension funds almost went bankrupt with the Bank of England having to intervene and IMF has issued a warning.

@sayno2lolzisback Год назад

"Hedge fund managers made a fortune." That's all you need to say. Thats the point of this government and liz Truss - make a fortune before you're kicked out, at whatever cost.

@pauln6803 Год назад

Liz Truss' economic policy vs the markets: A classic demonstration of when blinkered ideology meets cold hard reality.

@tommywl.8040 Год назад

= Capitalism

@stevejones2310 Год назад

Shell supported her election campaign. All her energy policies should be seen in the light of this 'payback'. Therefore: no public information on saving energy, no targets, eg 5% reduction, no money for insulating homes, no requirement for office and commercial managers to switch off lights, restrictions on photovoltaic arrays on certain categories of agricultural land, reversing the ban on fracking...

@UPAKHOSALA Год назад

@@stevejones2310 do u have any proof

@stevejones2310 Год назад

@@UPAKHOSALA sorry, BP, not Shell. But she worked for Shell on graduating from Oxford.. Join the dits and follow the money...😁

@samanthahardy9903 Год назад

I bet she instructs the DWP to make even more cuts in the benefits system.

@ianwomersley8980 Год назад

She will do she here for big business not the people

@carraw3501 Год назад

Its guaranteed at the moment they will be scheming on how to do it without using the word cuts, as with public services. Like Johnson so much energy will be going into how to deceive and how to wriggle out of things rather than govern for the population. That is now a PMs job, a medium between what big finance and corporates want and the general public.

@bruceplenderleith838 Год назад

Yup, she will reallocate those funds so it looks like there is no reduction in social spending over all.

@ekay4495 Год назад

@@ianwomersley8980 Feel like I'm having a stroke reading that

@bruceplenderleith838 Год назад

@moi you can be the first one

@decoyfox Год назад

That poor magic money tree can't take much more shaking

@markh5399 Год назад

Oh it can. It's not her money. It's yours.

@m.woodsrobinson9244 Год назад

@@vairavanvairavan4844 "Britain is fastly becoming a 3rd World nation with high inflation, rampant corruption, etc,..." So, basically, the UK is hellbent on becoming the United States! 🤣🤣🤣💯👍

@matthewn1805 Год назад

Listen carefully, she said no cuts then talked about spending in 2010, wouldn't surprise me if that means she intends to CHANGE spending to what it was in 2010, which to most would mean cuts. *REMEMBER THE TORIES LOVE AUSTERITY, ITS GREAT FOR THE RICH.*

@grimnir8872 Год назад

They could just cut all the diversity and equity officers from government branches. that's an easy amount of money saved.

@matthewn1805 Год назад

@@grimnir8872 They could also take all the money donated to the Tories by Russians, that should make a big dent.

@Tao_Tology Год назад

Honestly I think you're giving them too much credit for having that basic level of a plan. She said "No" because she couldn't think of a way to avoid the question (and even truss knows she shouldn't say 'yes we will' in public)

@grimnir8872 Год назад

@@matthewn1805 Donations are given willingly by others. Why should tax payer money be spent on useless waffel like diversity officers?

@lime187 Год назад

The budget was oven ready

@yassarkhan694 Год назад

Kwazi sitting with a big grin after he successfully sunk the pound the knob.

@stuartbrown3342 Год назад

Useless prime minister

@samgrainger1554 Год назад

"The markets are never wrong" ...and this ladies and gentlemen is why we get bubbles

@m.woodsrobinson9244 Год назад

🤣🤣🤣👍💯

@UPAKHOSALA Год назад

Because the shop keepers nation is flooded with money from tax haven , like British

@Anton-ji4td Год назад

Obviously all the people in the hustings who voted for her to satisfy their own greed have now run to the shadows. The uk is now in the worst financial mess for 40 years. Well done the hustings crew!

@openbabel Год назад

The near collapse of Surrey county council and surrey heath borough council today meant that severely disabled people were told today that social care would be suspended until the councils financial problems could be resolved. This is illegal disabled people and the dieing are not responsible for the incompetance of the failed chanceller. Calls for the army to be involved in delivering social care are very loud. Resign Resingn Resign What a national embarassement these people are///

@wofutokerati Год назад

What so few people seem to realise is that the borrowing to fund the reduction in energy bills doesn’t offset the tax cuts (or vice versa) as they’re BOTH taking money out of the public purse?! O’Brien said today that it’s like going home and saying to your spouse “I’ve bought a Lamborghini!” then they exclaim “What?! We can’t afford that!” so you say “Don’t worry, I’ve bought a Porsche as well!”

@stephenfowlie742 Год назад

I sense another u-turn coming.

@markh5399 Год назад

What about a nose dive.

@bl5752 Год назад

Capping Wind and Solar revenues without doing the same for oil and gas is ridiculous. We need to decarbonize our energy. Cutting these sectors' profits will mean less spending on expanding these services. Energy prices aren't going down until the war in Ukraine is ended, which won't be anytime soon.

@MrThebigcheese75 Год назад

Agreed. Remember the energy prices were going up loads even before the war, also look into who cut the gas storage in the UK. You never know though, maybe fusion will be a thing one day.

@Real-Ruby-Red Год назад

@@MrThebigcheese75 fusion is an impossible goal, you can't receive more energy by fusing something than you put in, in the first place.

@julianshepherd2038 Год назад

She's lying

@LightweightUK2007 Год назад

1 month later - Cuts public spending…

@runlarryrun77 Год назад

She won't be there in a month.

@stuartbrown3342 Год назад

We never voted this joker in !!! Get rid

@learnchinese18 Год назад

She‘s definitely going to cut spending now…

@franceleeparis37 Год назад

She don’t need to… with inflation at 10% going on 20%… the public spending is cutting itself… inflation has always been a tool to cut public and foreign debt..😏

@jamesdenny5078 Год назад

"What are you going to do about the tax cuts paid for by borrowing"..... "well, ive released an energy package"...."Yes Liz, thats also funded by borrowing....thats not an answer to the question".

@lindahobster7480 Год назад

We should have a general election as we didn’t vote for truss

@GrimReader Год назад

Middle England will keep the Tories in. Labour cut their throat by conspiring against Corbyn. Tories will be in power for another ten years

@dwdei8815 Год назад

"The Prime Minister is always right. If that's what she said, that's what happened" Lord Callanan. I have no words for such a contemptible crawler.

@cappinjocj9316 Год назад

The term “Thunder C#%t” springs to mind.

@samgrainger1554 Год назад

Imagine someone came to you and told you that your plan had a missing £62,000,000,000. "Gosh, how did that happen" you say

@Chris_34 Год назад

When the Tories said "levelling up👍" I didn't realise the people they would be "levelling up👍" would be the rich. should've known😒

@Ghengiskhansmum Год назад

Trickle up economics.

@MrThebigcheese75 Год назад

They are levelling them up to Elon Musk as soon as possible

@googleit7444 Год назад

You should have realised when she made the announcement on public sector pay cuts making those outside the cities in poorer area earn less than those in the cities. The only reason she made a u turn was cause others told her to. Otherwise she was perfectly happy in doing it. Leveling up the rich. Leveling down the poor and middleclass.

@stevec6427 Год назад

You can't cut something when it's already been cut repeatedly over a decade to the point where it no longer functions properly

@JC-fm1vx Год назад

Gillian, thanks you for your analysis

@fvlok Год назад

Wow that Lord got smoked

@JRattheranch Год назад

As has been said many times .... We're being led by Donkeys, whence we do not know! 😡😡

@beammeup8458 Год назад

Why insult donkeys ? A fine animal that does a honest days work ! Politicians are closer related to pond slime.

@derekchau2254 Год назад

Nope, it's donkey outside, hyena inside

@sharpshooter4063 Год назад

Voting Labour. Had enough of the tories

@mikehutchison4892 Год назад

You sound like a really thoughtful voter,one who chooses policies that will benefit the country,the people ! Did you vote for Johnson(the incompetent liar) and brexit( one of the stupidest and most economically damaging things any country has done to itself) ?

@TheLightningeater Год назад

Hey I'm sure the 5th of November is coming up.....

@Tony-rw4qv Год назад

Watch out for a U-Turn - won't be long

@rogergreen2695 Год назад

Right from 2010 when the new Conservative government insisted that the £157billion of debt was all just Labour's fault, mismanagement, ministers have been lying in public. And now ministers have got quite good at it with practice, being able to lie/bend the truth at the drop of a hat. What are they like at home?

@grimnir8872 Год назад

You're forgetting how the new conservative Government have done nothing but act like Labour all this time.

@Ghengiskhansmum Год назад

Not just conservatives but the lib Dems if the time, also most of the current Labour front bench voted with that lot and UK MSM supported them all.

@chipzz86 Год назад

why is it every time she talks it smells like a load of bull

@evokestudiosbrighton Год назад

If she cant cut spending she has to raise taxes, so what was the point of the budget if only for hedge funds to make a fortune. On the plus side daft tory voters (the non billionnaires) might think twice at the next GE.

@milolouis Год назад

We need massive increases in public spending not a total ignorance of it and certainly not to let it lie. Without the NHS and council funding for community services there is no UK it is just a tax haven driven by backwards money people.

@thomasowen2585 Год назад

You must be cognitively deficient to describe the UK as a tax haven.

@rk-lj3sm Год назад

We never voted this joker in!

@johnralston5164 Год назад

The PM and her chap at No 11 have not a fecking clue what thay are doing.

@Thedrifter1 Год назад

"lets go back to where it all began" 2008 then?

@stephenwise2735 Год назад

I think the FT editors words are perfectly permissible on the grounds of truth and clarity. If anybody was offended by those words but not outraged by the ministers sophistry and dissembling then we are truly screwed.

@MrBabylon Год назад

They should bring that last guest on more often, she summed up the entire Tory party for the past 12 years in one word.

@stephenwalker2924 Год назад

and she was smokin' hot to boot

@johndoe1909 Год назад

and pigs are flying.

@lugano1999 Год назад

She won't cut public services??? Of course she'll push "more efficiency" which is code for cuts. But let's be real; she is going to do what the ERG want her to do.

@shaun906 Год назад

there's always the magic money tree!

@stevejones2310 Год назад

@gunlokman Год назад

I'd like a little bit of what she's smoking! Maybe it might help me cope with the mess she's caused.

@darthwiizius Год назад

Lord Callanan: "Ho ho, where's the Wensleydale Grommit?".

@markh5399 Год назад

This woman is a genius. What a light weight. WEF lackey.

@joetaylor2854 Год назад

That was planned. Krishnan set her up with a beautiful aly oop and she dunked that LeBron. I wouldn't be adverse to that kinda of reporting.

@James_Doyle83 Год назад

I blame the people who voted tories and keep voting tories this is on you

@richjacobs9736 Год назад

King Charles will just have to open his piggy bank and bail you out

@vipanpuri5073 Год назад

Why leaders worry about public they live luxery life on tax payer money

@yamyite Год назад

But has she agreed to keep current spending up with rates of inflation? The art of cutting without cutting🥋👆🌝

@richjacobs9736 Год назад

Just borrow what you need from the Royal Family they're worth trillions they didn't tell you?

@natenae8635 Год назад

They aren’t worth trillions, you’ll get $20 on your tax return, that’ll get you dinner not really helpful in the long term.

@Lingerminator Год назад

Public spending already has a decade of cuts. There is no credit to be had in this.

@laceypelham7535 Год назад

poor england, just goes from bad to worse. such a hard downward fall.

@thetatelottery6801 Год назад

Tate will save us

@fuckbankers Год назад

That woman in New York sums it up perfectly.

@sharonwashington8150 Год назад

YOU cannot cut what has already been Cut by 13years of Tory cutting when there is so LITTLE left to cut.

@michaeloleary2248 Год назад

That dread word again. Distraction.

@jamesjennings3726 Год назад

They also promised to give the NHS £350,000,000 a week and then didn't.

@atinofspam3433 Год назад

Bold of her to assume there’s any public spending in the first.

@saeedhossain6099 Год назад

did that minister for commerce just say look this fire storm we started last week isn't that bad, becuse we're in the middle of a sh!t storm we made 3 weeks ago..

@markkierznowski6121 Год назад

Always got plenty of money for warmongering though.

@danny_mack Год назад

anyone else getting amber heard vibes with all this pledging

@davideddy2672 Год назад

How did we ever end up with this ol’ slapper?

@TheKt75 Год назад

Where is Sunak?

@binitamin4727 Год назад

Laughing, and telling the Conservative membership, "I told you so!"😀

@Jaya365 Год назад

When you think you've reached the bottom, these two come along.

@bnlbnl8892 Год назад

Out of depth….

@roberttalbot6397 Год назад

She wants to get back to Leeds and live a normal northern life. Wake her up a bit

@girishrao3181 Год назад

Does inefficient liztruss going to go back on another promise to UK citizens like exemption on taxes?

@protestifications Год назад

Screenshot this for when the inevitable cuts are announced.

@beammeup8458 Год назад

She is upsetting the establishment ! Making the pond slime wriggle. Great job ! SHE MUST BE RIGHT !

@joetaylor2854 Год назад

I hope that's right but I fear she's just a doofus.

@googleit7444 Год назад

Sounds like something Trump would say.

@dianejones1413 Год назад

What worries me is that DEEP down, we now have a political leader who DOES NOT care about the PEOPLE🤔 , all she cares about is her 'legacy' .

@kiangee Год назад

Not about her legacy but about whether she can keep her promises to sectors that lobbied for her, aka the power that put her there. MPs nominating her on the back of lobbyists will just have to get rid of her if she doesn't pay back their investment in her. She never care about the people or the nation. She cares just for the power for self serving purpose.

@nicktinklin6745 Год назад

Well this aged terribly.

@alexandertsigaridas5411 Год назад

Borrowing and cutting taxes from one side and reducing the country's debt on the other, at the same time, is something done before, or is it just contradicting ALL the basic principles of Economics?

@stishkuludomphong5277 Год назад

Why is no media not asking the PM why there is no mechanism to take money from the wealthy back to the government as a result of the government's energy cap spending?

@kking9184 Год назад

I wish this turkey would stop popping up on my feed. I hope she stays in the job, it's hilarious stuff but the only thing worse than looking at her is listening to her

@nviz47 Год назад

kudos to the man who brought up a U turn on corporate tax might be the only feasible option by 31st October!

@elvissimpson9060 Год назад

Yeah. Not for the next two years eh, Liz 😉

@bluekhan5591 Год назад

I don’t Truss Liz 🤡

@bromion5123 Год назад

I am not offended.

@BeatenTrackUK Год назад

If she pledges this then my guess is that she will do the opposite... Spend the money badly and due to that; have to cut spending... I'm calling it.

@Kwippy Год назад

Cut taxes, cut debts, but no public spending cuts? Where's the money coming from? Simple! Sell off assets. Sell off the new king may be?

@franceleeparis37 Год назад

She doesn’t need to… with 10% inflation and rising the public sector is slowly bleeding to death..😏.. in reality, inflation is nearer 20%

@lawrencebolt3540 Год назад

Poor guy (11 minute mark), you can tell he doesn't want to be there at all lol

@greebo6549 Год назад

The title is misleading... Listen carefully to actually what was said, weasel words... In response to Starmers question , is she PLANNING, ... slight but important difference, Also, if a statement we all clearly heard later needs clarification, then the original statement was either false and/or misleading,