Tag Archives: UK

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.”

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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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A series of ethical scandals forced PM Boris Johnson to resign

This is a historic moment, but should not be a surprise for someone, because Thatcher and May did the same. They all survived a confidence vote, but only for a short period of time. And now, Prime Minister Boris Johnson is doing it. To resign. A series of ethical scandals forced PM Boris Johnson to step down. Even his most stalwart supporters abandoned him.

Margaret Thatcher resigned in 1990. Tony Blair stepped down in 2007. David Cameron in 2016, and Theresa May in 2019, and they`re all part of intense political drama. Theresa May was tearful as she expressed her gratitude for being able to serve the UK she loved.

In December 2019, Boris Johnson won a landslide victory on the promise of delivering a Brexit deal and leading the UK to a bright future outside the European Union. But Brexit and Covid-19 made it very difficult for Johnson and the UK.

Johnson described the job as a PM as the best job in the world, and he wanted to continue. But after nearly 60 members of his government stepped down, he was forced to do the same.

He had a speech in front of the famous 10 Downing Street door on Thursday and said that he would be stepping down. Just like his predecessors Thatcher and May when they delivered their own resignation addresses.

«It is clear now the will of the parliamentary Conservative Party that there should be a new leader of that party and therefore, a new prime minister,» Boris Johnson said.

His opponents said it was good news for Great Britain that Johnson decided to resign. They also believe that it should have happened long ago.

He was responsible for lies, scandals, and fraud on an industrial scale, Stamer said on Twitter.

Former British Prime Minister John Major said it would be «unwise and may be unsustainable» for Johnson to remain in the office of prime minister for long while a new Conservative leader is chosen. He too suggested Raab could serve as the acting prime minister.

The last thing PM Boris Johnson said in his speech on Thursday was that «the future together is golden».

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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