Category Archives: Politics

PM Rishi Sunak will unite the UK not with words, but with action

PM Rishi Sunak started his first day as a PM with a speech. It is his first speech as a PM outside 10 downing street. He is UK`s third PM within 50 days and that speaks for itself. The UK is in trouble, but PM Rishi Sunak wants to fix it.

Rishi Sunak reminds me of Barrack Obama. He was the first black man to be president of the US. Sunak is the first Hindu, non-white PM in the UK. Not only that. Rishi Sunak seems to have the same mindset.

In the speech you can see below, Sunak is talking about Change. Just like Obama. He also talked about change. Sunak is also talking about hope, and as you may know, Obama talked about that as well.

They`re both non-white, and this is also about racism. Obama was a good speaker, and so far Sunak seems to be that as well.

This government will have integrity, professionalism, and accountability at every level, Sunak said. This is what he said in his speech on Wednesday:

“Good morning; I have just been to Buckingham palace and accepted his majesty the king’s invitation to form a government in his name.

“It’s only right to explain why I’m standing here as your new PM.

“Right now, our country is facing a profound economic crisis. The aftermath of COVID still lingers. Putin’s war in Ukraine has destabilized energy markets and supply chains worldwide.

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“I want to pay tribute to my predecessor Liz Truss. She was not wrong to want to improve growth in this country. It is a noble aim. And I admired her restlessness to create change.

“But some mistakes were made – not born of ill will or bad intentions. Quite the opposite, in fact. But mistakes, nonetheless. And I have been elected as leader of my party and your prime minister, in part to fix them, and that work begins immediately.

“I will place economic stability and confidence at the heart of this government’s agenda. This will mean difficult decisions to come.

“But you saw me, during COVID, doing everything I could to protect people and businesses with schemes like furlough. There are always limits more so now than ever, but I promise you this, I’ll bring that same compassion to the challenges we face today.

“The government I lead will not leave the next generation – your children and grandchildren – with a debt to settle that we were too weak to pay ourselves.

“I will unite our country not with words, but with action. I will work day in and day out to deliver for you. This government will have integrity, professionalism, and accountability at every level. Trust is earned and I will earn yours.

“I will always be grateful to Boris Johnson for his incredible achievements as prime minister, and I treasure his warmth and generosity of spirit. And I know he would agree that the mandate my party earned in 2019 is not the sole property of any one individual. It is a mandate that belongs to and unites all of us. And the heart of that mandate is our manifesto. I will deliver on its promise.

“A stronger NHS, better schools, safer streets, control of our borders, protecting our environment, supporting our armed forces, leveling up, and building an economy that embraces the opportunities of Brexit where businesses invest, innovate and create jobs.

“I understand how difficult this moment is, after the billions of pounds it cost us to combat COVID, after all the dislocations that caused in the midst of a terrible war that must be seen successfully to its conclusions.

“I fully appreciate how hard things are, and I understand, too, that I have work to do to restore trust after all that has happened.

“All I can say is that I’m not daunted; I know the high office I have accepted, and I hope to live up to its demands, but when the opportunity to serve comes along, you cannot question the moment, only your willingness, so I stand here before you ready to lead our country into the future, to put your needs above politics, to reach out and build a government that represents the very best traditions of my party.

“Together we can achieve incredible things; we will create a future worthy of the sacrifices so many have made and fill tomorrow and every day thereafter with hope.

“Thank you.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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PM Liz Truss cannot change the UK`s low growth and resigned after 44 days in office

PM Liz Truss came in as a new leader in the UK and said she will always act in the national interest. “Growing the economy remains our mission, ensuring people can get good jobs, new businesses can flourish and families can afford an even better life,” she tweeted a few days ago.

Liz Truss and the Conservative Party stand for low taxes, free markets, deregulation, privatization, and reduced government spending and government debt. Social conservatives see traditional social values, often rooted in familial, and religion.

PM Liz Truss cannot do what she was planning to do, and therefore she and her party had a U-turn and walked away from their agenda. Instead, we see the opposite of what she stands for, but now under Jeremy Hunt.

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The opposite isn`t funny at all. Just ask people in Greece, and we know what they have gone thru. Austerity seems to be the next step in the UK. It also happened under PM David Cameron in 2009.

The term «age of austerity», which had previously been used to describe the years immediately following World War II, was popularised by Conservative Pary leader David Cameron.

High inflation, high taxation, and the removal of temporary COVID-era support measures culminated in a cost-of-living crisis late last year. Policies during late 2021 were referred to as the second era of austerity by some commentators.

The second austerity period took place during the premierships of Boris Johnson and Liz Truss, and the austerity program included reductions in welfare spending, the cancellation of school building programs, reductions in local government funding, and an increase in VAT.

Spending on the police, courts, and prisons was also reduced. A number of quangos were abolished, merged, or reduced as a result of the 2010 UK quango reforms.

Researchers have linked budget cuts and sanctions against benefit claimants to the increasing use of food banks. The use of food banks almost doubled between 2013 and 2017.

The UK`s government austerity program is a fiscal policy adopted in the early 21st century following the Great Recession. It started last year when the cost of the living crisis started.

The government claimed that it was a deficit reduction program consisting of sustained reductions in public spending and tax rises, intended to reduce the government budget deficit and the role of the welfare state in the UK.

Some observers accept this claim, but scholars have suggested that in fact its primary, largely unstated, aim, like most austerity policies, was to restore the rate of profit.

The Conservative government claimed that the National Health Service and education have been “ringfenced” and protected from direct spending cuts, but between 2010 and 2019 more than £30 billion in spending reductions have been made to welfare payments, housing subsidies, and social services.

The effects of United Kingdom austerity policies have proved controversial and the policies have received criticism from a variety of politicians and economists. Anti-austerity movements have been formed among citizens more generally.

This makes it very difficult for Liz Truss to continue as PM, and therefore, she resigned today.

In her speech today, she said that she was elected to change the UK`s low growth. Her vision was low taxes to make a high-growth economy take advantage of the freedoms of Brexit. But, she cannot deliver the mandate on which she was elected by the Conservative Party.

There will be a leadership election next week. This will ensure that they will remain on the path to deliver the fiscal plans, and maintain the UK`s stable economy, and national security. Liz Truss will remain as PM until a successor has been chosen.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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It will be a deeper UK recession after the tax U-turn

Boris Johnson is out because he went too much on the left side. PM Liz Truss came in, but she`s also in trouble because Jeremy Hunt didn`t like her tax cuts. Farage believes he`s a globalist asset. Hunt is reversing most of PM`s flagship «mini-budget» tax cuts.

Jeremy Hunt was beaten by Boris Johnson in 2019. Hunt is also the man who was knocked out in the first round of the leadership contest this year. According to Farage, Hunt is not just a Chancellor. He`s running the country. He believes it`s a globalist coup.

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Joe Biden like this a lot. He`s so delighted. The IMF, OECD, BOE, the treasury, and the Chancellor of Germany are all over the moon. They all want a bigger state, with more significant taxes, and that was the sin of what was proposed by Kwaseng. He wanted people to keep more of their own money, and perhaps in time reduce the size of the state.

The conservative party stands for lower taxes. Like the conservative party in the United States. It`s their main goal. Their agenda. Furthermore, they stand for individual freedom, limited government, peace through strength, and free markets to name a few.

This is a historic moment. I have never seen something like this before. What a mess. Political chaos. The United Kingdom is in trouble. Economically, but also socially. It will take some time to get out of this mess.

Hunt wants people to pay more taxes because he wants a bigger government. He wants small businesses to pay more tax, and they have declared war on the self-employed, according to Farage. Taxes on small companies will rise significantly. In addition, there will be a major rise in corporation taxes and dividend taxes.

Wall Street bank, Goldman Sachs came out with a note on Sunday, and they see a deeper UK recession after the tax U-turn.

Goldman Sachs downgraded Britain`s outlook, and revised its 2023 economic output forecast to a 1% contraction from an earlier forecast for a 0,4% output drop, with core inflation seen at 3,1% at the end of 2023, down from 3,3% previously.

«Folding in weaker growth momentum, significantly tighter financial conditions, and the higher corporation tax from next April, we downgrade our UK growth outlook further and now expect a more significantly recession,» Goldman analysts led by Sven Jari Stehn said in a note dated Sunday.

«The persistence of core inflation and the continued tightness in the labor market suggests that the BoE still needs to take more monetary policy into significantly contractionary territory,» Goldman analysts wrote.

«That said, following PM Truss`s policy reversal we think there is less pressure for the BoE to act aggressively in the coming meetings,» they added.

Experts believe Liz Truss will be out as Prime Minister within weeks. So, this is how a democracy is working? Who voted for Hunt with his left-wing policy?

The statement that was made by Hunt earlier today is just in line with the leftist Labor party. It seems like the Tory party is dead. So, what`s the point of a conservative right-wing party at all?

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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PM Liz Truss will make the biggest tax cuts since 1985

Those of you who are old enough can remember the 80s. Not only the music from the 80s but politics on the right side. UK`s PM Margareth Thatcher and US President Ronald Reagan. Two characters who did so much great for the world.

Take a closer look at the pound. It`s 1 against the US dollar. Just like it was in the ’80s. The economy in the UK is in trouble, but PM Liz Truss wants to do something about that. And what she`s planning to do is very similar to Trump’s policy: tax cuts.

Liz Truss is pro-growth, and this is similar to Giorgia Meloni`s policy. They are both dismissed as extremists, and people are worried. Truss is also pro-fracking, and she will end the ban on fracking from oil and gas.

On top of that, she will provide relief for rising energy costs, reduce to the income tax rate, and slash corporate and payroll taxes. This is very similar to Trumponomics. If not to say; Reaganomics. And if Liz Truss can do all this, she can become the UK`s next Margareth Thatcher.

Many people believe that the more tax people pay, the more the government earns. But it isn`t that easy, and it doesn`t always work like this. When you raise taxes, very often we can see that revenues are declining.

I like to see a cheap pound because it makes me buy things from the UK very cheap. The lower the pound is, the cheaper the products are. Not only that. A lot of people around the world will take their next trip to the UK because of a lower pound. It means a party for the rest of us, and that can boost the economy in the UK. This is bullish.

Italy is doing the same. Meloni will cut taxes as well, and people are worried. They call them both extremists and neo-fascists. But they are the opposite. Let`s wait and see.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Right-wing populist and Italian nationalist Giorgia Meloni is set to become Italy`s first female prime minister

Many people around the world are in shock as right-wing Giorgia Meloni is set to become Italy`s first female prime minister. The leader of the euro-skeptic Brothers of Italy party won a clear majority in Sunday`s election.

Meloni was born in the place where everything started: Rome. A place on earth where everything was fine until Julius Ceasar was killed and Rome started to collapse. Now, thousands of years later, the Italian politician and journalist Giorgia Meloni is the new leader.

She`s been a member of the Chamber of Deputies in Italy since 2006, has led the Brothers of Italy (Fd) political party since 2014, and has been the president of the European Conservatives and Reformists Party since 2020.

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Meloni joined Youth Front, the youth wing of the neo-fascist political party Italian Social Movement (MSI) in 1992. She was appointed Minister of Youth in the Berlusconi IV Cabinet, a role she held until 2011. In 2012, she co-founded Brothers of Italy (Fd) and became its president in 2014.

She is a right-wing populist and Italian nationalist, and her political positions have been described as far right. She is opposed to abortion, euthanasia, and to partnerships, marriages, and parenting by same-sex couples, instead asserting that nuclear families are exclusively headed by male-female pairs.

Opposed to the reception of non-European migrants and multiculturalism, she has been accused of xenophobia and Islamophobia. A supporter of NATO, she maintains Eurosceptic views regarding the European Union and she was in favor of better relations with Russia before the 2022 Russian invasion of Ukraine, which she condemned, pledging to keep sending arms to Ukraine.

In 2004, Meloni was the first woman president of Youth Action, the AN youth wing. During these years, she worked as a nanny, waitress, and bartender at the Piper Club, one of Rome’s most famous nightclubs.

Meloni`s policy is more like Trump`s; Italians first. She also has an anti-immigration policy. Many people around the world are worried that her leadership could have a huge impact on other places around the world. Because Meloni and Italy are not alone.

Salvini, Berlusconi, and Meloni led their right-wing alliance to election victory, and people around the world react to it. Right-wing Marine Le Pen was one of the first to congratulate Meloni on the win, and she tweeted:

«The Italian people have decided to take their destiny into their own hands by electing a patriotic and sovereigntist government. Congratulations to Giorgia Meloni and Matteo Salvini for resisting the threats of an anti-democratic and arrogant European Union by obtaining this great victory!»

The Kremlin said Moscow was open to developing «constructive» ties with Rome. «We are ready to welcome any political forces that are able to go beyond the established mainstream, which is filled with hate for our country… and show a willingness to be constructive in relations with our country,» Kremlin spokesman Dmitry Peskov said.

Balazs Orban tweeted this: «Congratulations to Giorgia Meloni, Matteo Salvini, and Silvio Berlusconi on the elections today! In these difficult times, we need more than ever friends who share a common vision and approach to Europe`s challenges.»

Polish Prime Minister Mateusz Morawiecki congratulated Meloni and hailed the Italian far right`s «great victory.» Poland`s governing Law and Justice (PiS) party and the Brothers of Itlay are both parts of the right-wing European Conservatives and Reformists (ECR) group.

Former prime minister Beata Szydlo tweeted: «I`m glad that a party from the ECR group is assuming responsibility for yet another European nation.» Other Polish governing politicians highlighted the overlap between the two parties, including their emphasis on Catholic family values.

«The EU right is growing stronger….. We will defeat the communists, leftism, and the LGBT lobby. Everyone who is ruining our civilization,» Deputy Agriculture Minister Janusz Kowalski said on Twitter.

Deputy Justice Minister Michal Wojcik said Meloni`s victory was a «defeat» for European Commission President Ursula von der Leyen, calling her a «representative of anti-democratic forces in the EU.»

Juergen Hardt, a lawmaker and foreign policy expert for the conservative Christian Democratic Union in Germany (CDU), said he was troubled by the «openly post-fascist statements» of Meloni and the «hair-raising positions» of her fellow Brothers of Italy party members.

«Racism and the exclusion of minorities can no longer have a place in Europe,» Hardt told the DPA news agency. Hardt said Berlusconi, who is nearly 86 years old, had acted as kingmaker in order to share power once more.

Secretary of State Antony Blinken said the United States looked forward to working with Italy`s new government but would encourage respect for human rights. « We are eager to work with Italy`s government on our shared goals; supporting a free and independent Ukraine, respecting human rights, and building a sustainable economic future,» Blinken tweeted.

«Italy is a vital ally, strong democracy, and valued partner,» Antony Blinken said.

Giorgia Meloni is Italy`s first-ever female prime minister at the head of its most right-wing government since World War Two. What is the Pope saying now?

Spanish Foreign Minister Jose Manuel Albares warned on Monday that populist movements always surge during difficult times but always end badly in response to the election results.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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