Kwasi Kwarteng has said massive tax cuts aimed at boosting economic growth are fair for all despite the highest earners gaining the most.
Paul Johnson, director of the independent Institute for Fiscal Studies, said the plans were a "big gamble", with money being pumped into the economy when inflation remains high.In an interview with BBC News political editor Chris Mason, the chancellor said: "I don't think it's a gamble at all.Mr Kwarteng insisted not cutting taxes and continuing to follow the path of the previous government - led by former Prime Minister Boris Johnson - was more risky.
Torsten Bell, the chief executive of the Resolution Foundation think tank, said those earning £1m annually will get a £55,000 tax cut next year.
Most of the things Sunak warned about are coming to light. I’m not a big fan of Rishi - but maybe he was a bit wiser but unpopular- let’s see, if interest rates keep rising - ouch 🤕
What would of been fairer would of give us lower income earners more tax relief!! Not allowing the richer get richer 😡
it's time for a general election
If you are already in a very well paid job. What's in it for anyone on a fixed income there are a lot of pensioners and remember they ALWAYS VOTE.
Yes fair for all the rich.Unfortunately he forgot not all Tories are rich but he will be reminded at the next election to be sure!
Is he still off his head like he was a queens funeral😡😡
Conservatives party only for Rich people. Has anyone noticed UK is in recession only when Conservatives are in Govt. Modern day Robin Hood, take from poor give it to rich.
They are good for the rich ( your mates), but bad for the rest of us
In that case he is a liar
Is anyone taking him seriously after the funeral performance?wth
Knob
just below you, in my timeline PS Paul Johnson is an actual economist ( unlike Kwasi K)
No one alive and on this earth will say removing the 45% is a good thing, unless they are those earning over £150K a year!!!! LOL what a absolute XXXX!
I have to say I prefer “explains” to “defends” in this context. It takes account of the mahoosive majority with which Mr Kwarteng’s party governs, a majority which is all-too-often ignored by those whose only excuse is they wish it were otherwise.
Get the greedy bastards out
Bring back rishi ffs
Another snake oil salesman.
Tory Policy in action
Big taxes n nationalisin' is what's up! Dis politicians dont knows what da people wants. Stop giving ma monies to the rich! Gee me money bitch
Yeah right! It will give those on minimum wage enough to buy a loaf of bread and a pint of milk. That’s as long as the prices don’t go up too much.
Oh. ok. Right.
They aren't massive tax cuts for all though are they?
What would have been fair, if you had introduced a tax of 30p to those earning £55,000-£80,000. What you did was more for high earners and very rich but nothing for 60-70% who work their socks of to survive. You could have also nationalise the energy suppliers
This tweet approved by the RobbieGibb impartiality filter. Pathetic.
Time to go to mother Africa ! get out
The unoriginality of what trussliz has cooked up in this economic reset is appalling. When Maggie did it over 40 yrs ago it was original, to do it now in a different world is plagiarism but that seems to be the pattern of Truss's life - to copy others work.
Does he defend this though?
his mates and Tory donors get substantial tax cuts odd that us peasants little or nothing
I think that depends on how you define’all’
Trickle down dining! We buy the rich guy a meal and hope he leaves the poor guy with enough on the plate to lick!
He had such an opportunity BUT BLEW IT. All he has now proven is that the little people don't count is this version of the Conservative government.
Looks like trussliz is going back on all her promises. What a surprise. Shudda known better. 🤡
Fair for the rich 🤑
Kwasi Kawasaki did what is best for the China, but not UK 😂
That is the one thing it isn’t
HOW ? This shit cannot be condoned !
Gaslighting
Yer fuckin' arse, mate.
THATS FUNNY, ALL THE POOR THINK IT UNFAIR, ALL THE RICH THINK IT'S FAIR, THERE ARE MORE POOR THAN RICH AND WE ARE A DEMOCRASY, YOU NEED TO SCAPP IT.
Fairness would be an announcement of a general election in May 2023 so you have six months to prove that the Conservatives can do the right thing or face the wrath of the electorate including those that are struggling after 12 years of harsh CONservative policies and/or cuts.
Everyone is getting NI cut and tax cut. Poor gett8ng support to pay for their bills. Time to work and earn not just ask ask for more. Lazy parasites. These working' rich ' paying taxes. These on benefits do FA!
6% for those earning 150k plus and 1% for anyone earning less disgraceful.
Kwasi looks awfully like that bloke who was swaying and insanely giggling at the Queen’s funeral. Imagine if that chap was Chancellor of the Exchequer.
not an easy job :(
the way state benefit works has to change , sorry, set housing control heating, and food and extra stamps
What about pensioners who need help now not next year give us the pension rise now not next April
gj1023 Pound in free fall
No I’m getting nothing
He has handed the next general election to the Labour Party on a plate.
It is indefensible! Just because he grins and carries on does NOT mean it is a defence. They are asset stripping the country, creating chaos for the next government and lining the pockets of their rich friends.
They are too thick to understand the level of disrespect they show to commoners. That will be downfall but thousands will suffer it, but not them
He looks quite smug at the moment, but just wait for it to change when the ‘trickle down’ doesn’t happen. This is madness, value of currency plummeted and share value compromised. What has he done? What are they doing? Get them out.
Who is funding this government? Worrying who is really behind the 10DowningStreet - 12 years of decline. UK 🇬🇧 is down and it will take years to rebuild. Elections needed now
The ERG are in full control of the Tory Party. They have collapsed Sterling, reduced international trade, let loose massive food and energy inflation, doubled our National Debt, removed protections for wildlife, the environment, employment and consumers, and let the NHS fail.
Considering he's one of the very rich who'll benefit from the cuts he will say it's fair.
How does he work that out,numpty
Disgraceful
But we ALL know TORIES LIE!!!
The BBC normalising this form of wreckless banditry by headlining it all day & well into the night instead of coming down on it like a tonne of house bricks. Without a shadow of doubt, the BBC are complicit nodding donkeys to the pirates of the Tories.
Except KwasiKwarteng it is NOT fair for all, full time unpaid carers get nothing, your Conservatives party loves making them and the disabled suffer!
Fairest for the rich in true tory fashion
Ask him about his drunk/drug/uncontrollable behaviour at a state funeral. Or is the D notice still in place?
tax cuts favour the rich, fixing energy prices to today’s levels leaves millions still in fuel poverty. Energy should be rolled back to 2021 prices and windfall tax energy companies to subsidise.
It was really fair for me, surviving on a state pension and in poor health.
Hepworthclare Lala land is here and scary
Rubbish - this is for the top 1% only - cruel and regressive
Except KwasiKwarteng it is NOT fair for all, full time unpaid carers get nothing, your parting loves making them and the disabled suffer!
Hepworthclare Does he understand the meaning of fair?
Tax cuts is MO for 'He who fumbles in the dark'. All economic pressure must be turned on energy companies. Companies feeding off of people's dire situations. Parasite companies. Middle men. Not needed for anything. ONLY good for themselves...think you get the point.
I don’t understand how there can be tax cuts , after covid grants , energy grants and price capping, I think we’re doomed.
How about actually taxing the rich and give that to the people that needs it the most. Its not fair for all and we need a general election now
Defending the need for bankers to have bonuses more than 200% of their salary? How marvellous
KwasiKwarteng is right
Well at least now we know what he found so amusing at the Queens funeral…
The country is going down the Kwasi
Dear Mr Kwarteng, I am afraid that I did not know Pastor Huges and therefore do not feel that I am eligible to receive any of his $7,467,000 estate. I sympathise that this money is stuck in probate but I fear that I can not fulfil your request for $7000 to clear any inheritance
When he will play the black victim card?
He never stops smiling, what does he know I don’t?
Specky wnker
If I understand correctly, this is funded out of debt, and both the £ and bonds have dropped sharply. So we getting more debt at higher prices while we reduce earnings i.e. tax receipts because we want to give big tax breaks to top earners?
/ One wonders as to whom is the actual Chancellor Kwasi Kwarteng or is it Prime Minister Liz Truss !!!
So more and more debt is a good thing? £70bn more debt and is it mainly going to the top earners?
He’s a liar
Tax reduction to the median income earner, who is the biggest group that contribute towards paying the most taxation. Any help will be great for you guys but where will the $$$$ come from for other services if there is a loss of revenue in the govt income
Feed the rich
As usual they have done nothing for the people that worked through the pandemic, but those who a lot , who earns a million pound a year , can save £50000 a year workingclassstruggle coldtimesahesd
Loyally reported as fact by the PRNK state news arm...
🤔
I used to love his Halifax ads
Uk Tory Filth gettin hammered because o their tax breaks for the super wealthy & respond by tryin tae tell Scottish government tae implement the same policy. In Scotland it’s fare & works for EVERYONE.higher earners pay more, lower earners pay less as it should be.
Most of all for him on his salary. The UK coffers will be hit the hardest. The rich an get richer and the poor still struggle. Small business will still be eaten up by big business. 1% for them is a dream come true
Thanks for the minimum wage payrises
He's helping the rich get richer and not helping the poor he had a chance to get poor more and didn't he hasn't a clue what he's done
puppyjohn1999 I have a joke about trickle down economics. 99% of you won’t ever get it.
To be honest the only solution for the poor now is strike and riot. The die is cast for class war and revolution and about time too
I welcome tax cuts. Gvts everywhere collects money that they waste.
Nice one Forrest
This is the First Budget which will Do something for the People of UK. Well done.
Good effort Out of starting blocks
Another deluded Tory!
I want the REAL Kwarteng. Not this Quasi Kwarteng!
The BBC hierarchy are obvious beneficiaries from this massive giveaway to the already rich at the expense of the poor. The bankerss will be happy, the food bankers not so much. ToriesOut
Truss(verb) 1 To fail to keep up with others in movement or development. A slow response. “After a series of catastrophic decisions, the economy was trussing helplessly out of control.” 2 To suffer a sudden malfunction or fault. “The computer trussed.” Trusses; trussed; trussing.
Hello
I think he sent me an email that I had won £100,0000 in a Kenyan lottery!
Those with the least are most affected by the rises in costs of the basics, he is saving them the least, to the point they will still be worse off, whilst the most wealthy, who's incomes have increased get more. Is he really that stupid, or is this some serious corruption?.
Unbelievable
what an evil horrible little man.
Failed state
Only 2 years left to rob the pot before we get the chance to vote in a functional government. Until then, God help us!
If these thieving scumbags would at least be honest. KamiKwasi is borrowing £400bn to give away to rich people. We're all paying for it. The end. We can't let this economic mismanagement go on. Bring on the revolution! GeneralStrikeNow
Has he defended laughing during QueenElizabethII's funeral service, or is it that you just haven't asked him about it yet?
Tory logic Wage increases for essential workers, matching (or less) than rate of inflation = not good as they will be inflationary Huge tax cuts for the already rich = good as they‘ll stimulate growth Someone make it make sense
kwazy kwasi
How are the tax cuts for all a average minimum wage earner earns 350 tops a week and pays little or no tax Rent 100 per week food 100pw (more now with price hikes) energy and utilities travel expenses etc way over what they earn Wtf is wrong with this government EnoughIsEnough
Insanity
Then snorts coke
Smug, false, insulting.
🤣
He couldn't defend for Dagenham and Redbridge
Kwasi Kwarteng needs to stop sniffing substances (Please refer to footage of him attending the Queen’s funeral).
He gave significant tax cuts to the people who are most likely to vote Tory at the next election. The “all” is a very small subsection of the populace, though not as small as the few who actually voted for these policies.
Fair for all the people who have the government bought and paid for.
Who ever invented that % cut is fair. Why not just cut $1k from everyone's taxes and then worry where we will get money for services (we can quietly cut 50% of rich people earnings like they cut our earnings).
Is it me or is he incredibly thick?
It's time for a revolution. We can't sit home & keep taking this shit.
Of course he would because he has lined the pockets of his friends
😂😂😂
Will you report on the Revolution when it happens? No. Thought not.
Pillock
Any critical thoughts on this BBC?
A decade plus of failed economic policies from Conservatives , this is not a new government but just a continuation of institutionalised crapness…… NeverTrustATory and when did CrazyFartThang stop banging ThickLizzy ?
Needs his head examined if he thinks this is fair to all.
He’s kwazeee!
Mr 'I gave myself a massive tax cut' defends giving himself a massive tax cut
Good on ya fella 👍🏻
defending the indefensible
Have you shown the footage of his bizarre behaviour at the Queen's funeral yet and/or asked him for an explanation
Well the tanked pound affects us all i guess
Helped me. Average Joe. So what’s the problem?
He’s just a liar
Everybody wants to be like Charles and skip the tax
My guy ✊
Well done, you just lost the next general election.
You go uncle Kwasi 😄
Well Kwasi why don’t you pay yourself £20k per annum and see if you still find it fair for all?
Kwasi Kwarteng who slept with both Liz Truss and Amber Rudd? That guy?
Jacob Rees Mogg's patron has done well again today. Which other pals of the Govt were shorting the pound today?
They’re lying to you
Couple of months ago I came across a recommendation about blakescott462 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation
Wanker
Cocaine budget...
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