Discover and read the best of Twitter Threads about #Kwarteng
Most recents (6)
Kwasi #Kwarteng would not have realised, when he first announced his intention to be a tax-cutting, pro-growth, fiscally-responsible #Chancellor that he had immediately set in motion the daggers that would be thrust in his back 38 days later.
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The Bank of England, guardian of the nation’s wealth and cornerstone of its economic management originally started life as a private company, funded by subscription under Royal Charter in 1694, as a means to finance the public purse, depleted by various wars.
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THREAD: #Sunak, the man who created this "profound #economic #crisis, seems to have no clue how to fix it - less than #Kwarteng for sure!
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Not happy because #Sunak is choosing the worst possible route forward, increasing taxation on those who have the least income to spare - remembering the truly rich do not pay income tax... he would know that, wouldn't he!
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#Sunak, Prime M0R0N is going to maintain size of public sector but cut their budget - some same useless resources for even less useless work.
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#Sunak, Prime M0R0N is going raise taxes, hindering growth, choking business, meaning less money in the economy & raising less revenue for government.
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#Sunak, Prime M0R0N has shortfall in taxation revenue to fill his black hole; so there will be further increases in taxation as the UK spirals into #recession, a vicious downward spiral heading ultimately to stagflation! CONT.
Se pensate che il caos politico sia all'ordine del giorno solo in Italia allora non sapete cosa sta accadendo in Inghilterra, dove la premier Liz #Truss ha appena licenziato il suo Cancelliere dello Scacchiere, l'equivalente del ministro dell'Economia, Kwasi #Kwarteng. 
Trattasi di mossa disperata da parte del primo ministro, decisa a sacrificare il suo uomo dei conti per provare a salvare se stessa. Dopo poche settimane a Downing Street, infatti, i Tories che l'hanno issata alla guida del partito sembrano averne già piene le tasche.
@UnrollHelper "Liz Truss’s and Kwasi Kwarteng’s 2012 free-market treatise Britannia Unchained has shot up the sales charts, hitting the top spot on Amazon rankings for books on “economic conditions”. It costs £19.55 for the paperback."
Read/Download FREE here 👇
pdfdrive.com/britannia-unch…
Read/Download FREE here 👇
pdfdrive.com/britannia-unch…
@UnrollHelper Ought to come with a health warning for the nation's economy!
@UnrollHelper “The key is to make sure that failure is survivable,” is one of the book’s insights. “In the early stages of a project, failure need not be a disaster.”
"This is likely to provide scant consolation to Tory MPs facing the threat of losing their seats at the next election."
"This is likely to provide scant consolation to Tory MPs facing the threat of losing their seats at the next election."
Really staggering 🇬🇧mini-budget just announced here in London. Ain’t nothing mini about it.
Record-setting borrowing *and* tax cuts. £100 billion price tag. No-tax & spend. Trickle down economics on steroids. Throws fiscal sustainability out the window.
A huge political gamble
Record-setting borrowing *and* tax cuts. £100 billion price tag. No-tax & spend. Trickle down economics on steroids. Throws fiscal sustainability out the window.
A huge political gamble
The £45 billion in tax cuts just announced, mostly given to the wealthy & businesses, is biggest tax cut since 1972, when Chancellor Barber had his "dash for growth". It's 2% of GDP.
That ended in disaster. It's generally regarded as the most damaging UK budget in modern history
That ended in disaster. It's generally regarded as the most damaging UK budget in modern history
