U.K. Finance Minister In Dramatic About-Face On Scrapping Income Tax Top Rate



U.K. finance minister Kwasi Kwarteng said the decision not to scrap the 45% top rate of income tax came after Conservative lawmakers listened to public opinion.

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23 comments

  1. Is this guy being finance minister another example of 'affirmative action', or 'positive discrimination' or whatever you want to call it?
    Seems pretty hopeless

  2. one mile 90 minutes 40 minutes a card and key. also iclickers and alarms.

  3. This government do not listen to anyone

  4. How many times have political governments "fallen on their faces" in making serious mistakes in running the government ? Too many times to count. With political governments, there is no real stability, for here is what the Bible "book" of Ecclesiastes says about capable and incapable people: "There is something distressing that I (King Solomon of ancient Israel) have seen under the sun, the sort of mistake made by those in power. Foolishness is put in many high positions, but the rich (in capability or capable in managing) remain in low positions."(Ecc 10:5, 6)

    Ecclesiastes 10:7 adds this: "I have seen servants (or incapable ones, who should remain as "followers" and NOT "leaders") on horseback (riding around ruling over others) but princes (or those who can manage effectively) walking on foot just like servants (unable to use their managerial skills)."

    Liz Truss and her finance minister Kwasi Kwarteng did not see the repercussions that would happen with their new policy of cutting taxes for the wealthy and then borrowing some 150 billion pounds to offset this tax cut.

    Ecclesiastes 10:8 says this about that: "The one who digs a pit may fall into it; and the one who breaks through a stone wall may be bitten by a snake", not realizing what is "on the other side", that their new policy set the British pound "a tumbling", so that the Bank of England stepped in with 73 billion pounds to to avoid a major crisis.(Note: once the new policy was reversed, the British pound came back to the same level it was before the policy was implemented)

    Here also what the Bible says about placing one's trust in humans, in human institutions, in human political governments: "Do NOT put your trust in princes nor in a son of man, who cannot bring salvation. His spirit (or life force, like electricity for an appliance) goes out, he returns to the ground (or dies like we all do); On that very day his thoughts perish (or ceases to exist)."(Ps 146:3, 4)

    So, where can we place out IMPLICIT trust ? Psalms 146 continues: "Happy is the one who has the God of Jacob as his helper, whose hope is in Jehovah his God (see Isa 12:2, KJV), the Maker of heaven and earth, of the sea, and of all that is in them, the One who always remains faithful, the One securing justice for those defrauded, the One giving bread to the hungry. Jehovah is releasing the prisoners (to sin and death)."(Ps 146:5-7)

  5. Income,property and school tax are forms of indentured servitude.

  6. ❤️ VOTE ALL DEMOCRATS OUT❤️

  7. Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock/Crypto market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.

  8. The new British Chancellor of the Exchequer, Kwasi Kwarteng, has been criticized and even called for an investigation after it emerged that he was at a private party with investment fund or vulture fund managers before presenting the controversial tax cut plan for the highest incomes.

  9. As they promised, we will not raise taxes on families making less than £400,000 a year.

  10. Dems are destroying our world. This “expert” makes me crack up.

  11. Here is an idea for the UK. Reagan lowered income tax level for the rich. That created record setting deficits. Clinton raised them. That created a surplus. Bush lowered them and that created a record setting deficit. Trump lowered them again and his deficits were record setting as well. Lowering the income tax level for the wealthy increases deficits and increases wealth disparity.

  12. Dominic Dunne wrote about Hollywood Pool Parties where Murdoch asked Reagan if he wanted to be president. Reagan then did the "Trickle down economics Thing". Looks like Murdoch is at it again.???

  13. RUSSIA IS A TERRORIST STATE 🚽🤮💩👎

  14. Shout out to George Floyd on 861 days of sobriety. It took some tough love but he did it. Say his name liberals! Where’s Jackie?

  15. Dore ibimenyetso byakwerekako umukunzi wawe akuryarya 👍👇👇👇👇👇
    https://youtu.be/UbbUeeJkv30

  16. Labour is just waiting to take over. Should Labour be allowed to take over today?

  17. He got caught holding a meeting with hedge fund managers

  18. 😂 Seems like that slide really set his mind right.

  19. Yes, sir, your Eton ethics are inappropiate in a true democracy.