Chancellor Kwarteng to reverse his planned tax cut for richest in UK

The Chancellor Kwasi Kwarteng said ditching the 45p tax rate for the highest earners had become too much of a distraction.
(Subscribe: bit.ly/C4_News_Subscribe)
But the sudden u-turn, just hours after Prime Minister Liz Truss stood by the policy, sent an already febrile party conference - in which there was much talk of whether this government can survive - into a spin.
This afternoon the Chancellor insisted he "gets it" but described the market reaction to his budget which sent the pound down and mortgage rates up as "a little turbulence".
So does he really “get it”?
-----------------------
Follow us on Instagram - / channel4news

[@gretareinarsson7461]

Worth remembering that they backed down not because of the people in the country but because they did not have support among their own.

[@NONAMENEEDEDOK]

No thats not correct

[@nirmalsandhu5256]

@@NONAMENEEDEDOK So give us your argument to rebut and back up your position .

[@apenisavatuniveivuke7650]

Like what the Rt.Hon James Hacker MP told his wife: "The nurses don't have to vote against me until the next election. Backbenchers can vote against me at 10'o'clock tonight!"

[@zephyr8072]

@@NONAMENEEDEDOK That is exactly correct. They were all set to give money to the rich and to fund it by looting from the poor and disabled, and they knew nobody in the British public would like this. The _only_ thing that made them back down was other Tory MPs rebelling due to _them_ losing money and their seats. Truss and Kwarbongo are nothing but psychopaths who only care about how much money they can make before they leave, the country be damned.

[@Miguel...160]

@@NONAMENEEDEDOKlets have a G.E. then

[@marcopalazzo9349]

What a disaster these thieves are.

[@NONAMENEEDEDOK]

What thieves? What did they steal? Be specific if your brain is capable

[@zephyr8072]

@@NONAMENEEDEDOK Money. From the British public. A mandate. Which they did not have. Power. From those who are actually capable. A future. From the nation. I could go on. But I know you're just a particularly dense and desperate bot.

[@dhall5785]

@@NONAMENEEDEDOK sorry speak up can't hear you with your tongue stuck so far up Kwasi's Krack

[@biggusdickus5986]

@@NONAMENEEDEDOK They stole millions wiped out in the market with their incompetency, they planned on stealing from the poorest to pay for those tax cuts, they're planning to steal from the public by cuts to services, but most of all they stole our TRUST.

[@edix1673]

@@NONAMENEEDEDOK should we start with the 32billion they "spent" on track and trace...... which turned out just to be a excel spread sheet....... and that didnt work because they coded rows and collumns the wrong way around? Or we could talk about the billions given to Tory donors like Randox Laboratories, advised by Owen Paterson, who won a 133million contract *unopposed* for testing kits that were unsuitable. Or when at the time international trade secretary Liz Truss gave Ayanda Capital £250million for PPE, delivering £150million worth of unusable face masks. £44million to a dormant firm with less than £500 in assets to provide hand sanitiser, without putting the contract to tender with large manufactureres of hand sanitiser.... PPE contacts going to investment bankers, while ignoring PPE firms in Britain emailing the government multiple times to clarify they had milions of PPE units available and ready to go, while Boris claimed there was a huge shortage and handed contracts to donors. Even Ordering 10,000 ventilators from Tory donor Dyson, who didnt produce ventilators, had to design it from scratch and set up manufacturing for them, while British companies already producing ventilators were ignored..... I could go on... and on and on and on... but is that specific enough for you?

[@bmichael3580]

Jacob Rees Mogg is a 90s man, unfortunately it’s the 1890s

[@JmeHayGreenz]

They’ve “listened” but they haven’t learned a damn thing.

[@dinkydaz6711]

Not even the slightest hint of a “sorry”

[@polliebain7450]

@@dinkydaz6711 funny that...

[@tjenadonn6158]

Learning and Tories go together about as poorly as compassion and Tories, or eloquence and Tories, or sobriety and Tories, or Tories and other Tories.

[@Google_Does_Evil_Now]

The hike in interest rates has already pulled 40% of mortgage products from the market. People on tracker mortgages have already seen massive jumps in their mortgage payments. People going through or about to remortgage have seen huge rises in quotes. Is it true that over 1-2 million homes will be repossessed within a year? Is it true this will also cause a crisis in renting, because the higher mortgage cost will be passed on to the renters? And the withdrawal of so many properties due to repossessions will drastically affect the renting market? Adding on to the thousands of pounds increase in energy costs, plus 10 to 20% rise in money goods and services, how many businesses are expected to fold? Because most people will struggle to afford to pay all their bills, how many are there of the extracurricular businesses such as restaurants, cafes, pubs, cinemas, gyms and so on are expected to fail because people will cut back and not afford to go to these places? Just how damaging is this expected to be to the economy?

[@dinkydaz6711]

They only acted because of the polls

[@tobyclayton2597]

I didn't think that we could get a government more horrifying than the last one, then Liz said "hold my beer".

[@jacpratt8608]

10mins Listen to this pompous twerp, Rees-Mogg, if that's who he is. Gross. Best evidence for Revolution needed in this nation I've ever seen. "Dealing with political realities is the right thing to do" - he's right there. Every other word sleazes out of his mouth like an evil serpent.

[@yaasmiinn]

Poor chancellor, Liz blaming him for everything to save her back as if she scammed her way to become the prime minister of UK 😂

[@snsn7251]

He is a willing fall guy. I don't feel sorry for him. As for Liz we saw her true colours a long time ago

[@jananders1351]

Can't say I feel sorry for the thief Kwarteng in the slightest.

[@NONAMENEEDEDOK]

Total rubbish

[@paulb9769]

Boohoohoo must be evil colonialists.

[@biggusdickus5986]

@@NONAMENEEDEDOK Yes you're right she is. They both are.

[@criticalfriend2300]

Kwarteng looked like a man with his back against a wall trying to negotiate with a hitman during his speech

[@tjenadonn6158]

I mean he's begging for his money, which is to Tories what begging for your life is to functional human beings.

[@globalismoblackman]

Lol 😆😆😆 well said maite

[@Geo65582]

@@tjenadonn6158 🤣🤣🤣🤣

[@wleon4068]

He is actually a 'dead man walking' inside of a 'Government' that are 'dead men [and women] walking'.

[@jjohnson5014]

That is classic. Not quite Joe Turturro's character in Miller's Crossing as he's getting escorted through the woods, but damn close

[@harryc8415]

A small victory was had with the reversal of the 45% tax cut. However it’s in danger of becoming a smoke screen for bankers bonuses,benefits reductions,deep spending cuts etc etc. These people are not only a danger to themselves every time they leave their beds but to us also.

[@bereal6590]

👏👏👏👏👏

[@soviet9366]

The arrogance remains breath taking. Day 1: Sacked the most senior civil servant in the Treasury for doubting him; Continues to repress the Office for Budget Responsibility report of his plans, and yet thinks it churlish of the markets to have no confidence in him. For anyone with a £100k mortgage renewal: The extra £1000 a year wasted in interest payments is your Kwarteng Tax

[@yangni7986]

In Dec the mortgage rate offered by bank is around 2% and now it’s around 6%, the 4% diff on 100k is 4k per year. The capped energy bill saving is nothing compared to the surge in interest rate.

[@soviet9366]

@@yangni7986 I am allowing for the rate being expected to rise anyway from other pressures (although they should get credit for the extra economic pressures inflicted by Brexit). Despite these; At least an additional 1% is just pure Tory ideological hubris. As one economist put it; they are like a Doomsday Cult

[@Glower22x4]

He should resign

[@wleon4068]

Then let us, the people, rip that arrogance from them at the next election. They are a monstrosity.

[@NONAMENEEDEDOK]

@@yangni7986 what exactly is your point lefty?

[@WellOilBeefHooked]

This is a huge mistake. People who are in their position should never make such massive errors. UK is in the toilet bowl and the flush is about to be pushed.

[@MrVidification]

It wasn't an error. It was a 'let's see what we can get away with'

[@astroboirap]

who are the brown turds? kwasi?

[@NONAMENEEDEDOK]

Leave then. The country will survive and get steonger. The last years have been tough but the only way through this is with the budget set forward.

[@NONAMENEEDEDOK]

@@MrVidification Rubbish. Another lefty dumb comment

[@MrVidification]

​@mr wpg It's rather ironic given russia is the one with the R and Z branding that recalls to mind certain symbols of that 1940s era that were used to bring the people together when it came to how and what to think. Some of the propaganda and army related posters on the streets of moscow don't look too far off that era either.. and what's even better is that somehow poland is also part of this 1940s neoalliance, lol. israel would likely be too if it wasn't for it's location and neighbours. nicht so gut sounding for russia. Some of the russian media seem to be branding nato as nazi as they are supporting ukraine which has had problems with extreme groups incl nazi groups, but that seems hypocritical when the media have also noted they exist in russia also and may be hired by either side to fight anyway

[@wleon4068]

They absolutely hated that they had to do this. Condescending isn't even the word. The sooner this monstrosity of a 'Government' is hurled from power, the better.

[@paulgibbon5991]

Hopefully, it's got to the point that even the regular Project Fear from their tame newspapers can't stop a red downpour.

[@merseybeat1963]

To put who in ..the Bolsheviks..

[@gtl.distributionshaon6071]

Enough is enough

[@realfreedom8932]

BoE saved the day at a massive cost to the tax payer... in any other job you would get fired straight away

[@globalismoblackman]

Only just lol 😆😆🤣

[@michaelrch]

The BoE doesn't cost taxes but it does drive inflation

[@realfreedom8932]

@@michaelrch inflation is the ultimate stealth tax...

[@michaelrch]

@@realfreedom8932 only if wages don't keep up

[@realfreedom8932]

@@michaelrch what do you think has happened since 2008? It will only get worse

[@wittyname212]

Most scary thing in this was the woman who didn't know who lizz truss was. And people wonder how we got here....

[@b3108]

So the Aussie tv hosts who didn’t recognise her either during the Queen’s funeral had a point after all 😂

[@biggusdickus5986]

@@b3108 Well they had an excuse. They are Aussies,,, but that woman on the news is possibly a good cross section of a lot of voter apathy.

[@mcm6660]

Lol true. Even after being informed about who Liz Truss is that lady didn't seem to really care and is unlikely to commit it to memory. She will probably vote for the Tories next term thinking Boris is still the PM. 🤣

[@Marenqo]

Rees mogg is sadly representative of the state of our country's higher education sector. My god, what a mediocre mind and what fluff.

[@eccentricbeliever7]

I think you mean the class system. I don't know whether Mogg is smart enough to get through the higher education without daddy's money

[@fireonawire]

Bet he's never had to apply for a mortgage.

[@JRattheranch]

I'm fascinated to hear the plan, because nothing I've heard so far could possibly improve the prosperity of the nation, only the few!

[@tjenadonn6158]

Bonus points of he can do it without cue cards written by the lobbyists he works for.

[@carlkligerman1981]

Well all this farce has achieved thus far is lining the pockets of FX traders

[@NONAMENEEDEDOK]

Then you dont underatand economics so read more

[@NONAMENEEDEDOK]

@@tjenadonn6158 Labour are bought and paid for by the unions so what are you talming about

[@NONAMENEEDEDOK]

@@carlkligerman1981 the pound has been dropping since 2010. Look at a chart. This is nothing to do with the government and more to do with the americans raising interest rates on the $ over the last 12 years.

[@colinmassey527]

No - he has merely delayed the cut - they will definitely try to sneak it through again when the time is right...

[@evolassunglasses4673]

Carry on up the Kwasi!

[@polliebain7450]

😁👍

[@liamhickey359]

Kwasi Krakatoa.

[@ascgazz7347]

Absolute STARK CONTRAST to Labours friendliest conferences in years. GET OUT TORIES, YOUR TIME IS UP

[@TimothyBushell]

Phrases starting "the public wants/expects" when defending an unelected mandate should come with an on the spot fine.

[@Google_Does_Evil_Now]

How much damage can they do to the British economy before it becomes a crime? How many people can they hurt financially before it becomes a crime?

[@winifredclarke1977]

Yeah probably a lot as British people are just ba ba ba 🐑🐑🐑 Just quietly saying,if it's would be in France or Hungary or Czech republic or Denmark or Spain or Greece or Romania or Bulgaria ect people would be already on the streets and until the whole government resigned wouldn't let it go. Here in the UK instead everyone just panic and quiet sadly mood taking back over backwards What a great Britain 🤣🤣🤣😁😁😁 Carry on prime minister, just carry on Btw, they forget to asking our opinion would we will be happy if you donate another 12 billion £ to Ukraine

[@whiskysam2036]

@@winifredclarke1977 the way the British government see it the Ukraines come first 🏴󠁧󠁢󠁳󠁣󠁴󠁿🇬🇧

[@paulgibbon5991]

It depends how long the electorate keep permitting them to do so. VOTE.

[@alikamal3464]

@@winifredclarke1977 people are to comfortable here and to well entertained to even care about things like this :(

[@winifredclarke1977]

@@whiskysam2036 You right, but very sad in the same time. I wouldn't be surprised if you Scotts going independent. UK government so tightly licking the USA a*** can't even realize how badly we getting f***ed over. Make me wonder who made s***t load's of money busting the £? Also, what slowly time to think, stop pushing more weapons to Ukraine, because they will be just making longer the war. USA bombed with Polish help the undersea pipe line. Now Zelenski winging to Musk... I'm already fed up have to pulled back my house buying process, because the rates. And if my Mercedes have no service because parts issues what coming from Germany I'll be really pissed. So yeah time to Sharma, or Sunak! Anyone, just get this idiot woman out of my sight. I already saw when she walked up to the podium with no etiquette or protocol, without shaking the hand, thanking again to bojo the nothing, she will be useless ...🤨

[@noodleppoodle]

It all started with the Brexit vote or even earlier

[@sararichardson737]

Yeah it’s the root of all evil

[@romanjimenezgil]

True. I believe British are making a mistake after another and it is a pity

[@MrVidification]

it was once monarchy, now it's the class system and nepotism to blame. the etonians are still running the country

[@jonsimmons4150]

Japan trades freely the world over, japan doesnt pay into a standover committee in a foreign land to do so, Japanese visa and immigration system isn't overridden by a standover foreign committee for 27 countries on the back of its international trading arrangements, giving 27 countries citizens unfettered access to Japanese jobs, welfare, healthcare,and housing and paying billions of yen for the privilege.. ~Its "Project Reality" ~its how the rest of the world works in 169 countries

[@zephyr8072]

It was always the ERG's intention to loot the country and gorge themselves on the profits of disaster capitalism. That's why we got Brexit. That's why we got Boris, and that's why we got.. this.

[@citykeys3495]

Kwateng has now confessed that his Champagne drink was spike by Liz Trus.

[@MoebiusUK]

Kweezy Kwarteng, it's time to go.

[@albertdula9799]

Rich getting Richer and Richer

[@frankthetank5708]

Wasn't that the goal of Brexit?

[@biggusdickus5986]

@@frankthetank5708 Its the goal of every tory government ever and a few Labour governments starting with Blair and now Starmers government in waiting.

[@frankthetank5708]

@@biggusdickus5986 You've lost hope for your own politicians obviously. That's one major reason for the coming end of the UK.

[@biggusdickus5986]

@@frankthetank5708 Oh it won't end its just a continuation already planned for like when people had had enough of the the tories in the 90s and John Smith a true Labour leader should have gotten in and changed much of the wrong done by the tories but conveniently suffered a demise so that tory plant Blair could con his way into being PM and continuing on with Tory lite policies he called the 3rd way a safe pair of hands for the basic tory ideology, and now Starmer ready to take up the riegns after disposing of Corbyin a true Labour leader. The tories are dead long live the tories.

[@mavericktamu]

Ritz Smug is a cartoon character, that is all I respect about him.

[@ravenuk2880]

£65 Billion to bail out pension funds, that is how much this fool has cost us. Incompetence doesn't measure.

[@agnesphilips2714]

He was doing Truss bidding

[@romanjimenezgil]

Why 65 billion? I do not understand.

[@keeganodonovan7753]

Hey could you explain what this means please? I don't understand. Is the £65m lost? What happens if the USD returns to where it was? It's very sad to think this. I'm thinking of all the good £65bn could do for people who need it. I grew up very poor and often didn't eat for 2-3 days it breaks my heart to think about young children now very sick way to grow up I had 6 brothers and we don't really talk much we used to fight for food of eathorher I'm very upset that the government have wasted tax payers money. God bless hoping that everyone is doing okay I am lucky and have had a stable job and they have raised my pay with inflation I have worked there for 25 years and the owner has always told me I'm a good worker. Thank you. Keegan odonovan.

[@zephyr8072]

65 billion is what the Bank of England had to spend in order to prevent the collapse of the pound and a total economic disaster that Kamakwasi and Truss triggered due to their greed and stupidity. Basically because of these two criminals the UK was on the verge of becoming a failed state if not for this massive expense at the taxpayer's cost.

[@SirDennisReynolds]

Krishnan is just ruthless. He eviscerates multiple people back to back and they’re just left on the wayside all mangled and confused. Love it.

[@christinethomas6763]

Don't find him ruthless at all. Just one of a very few journalists asking the kind of questions that anyone with a basic knowledge of the issues involved would expect to be asked of a politician but have ever since Brexit have rarely been asked by MSM. So much misinformation and spurious arguments for and against policies have been consistently allowed to go unchallenged that by constant repetition they hang around in the political climate like a foul smell that seems others are too polite or too patriotic to admit to even noticing.

[@bluehurachesx7785]

I find him to be a rat if that helps

[@SirDennisReynolds]

@@christinethomas6763 Oh I agree with you completely, you're spot on! If even half of journalists had his sense of integrity the UK would be in much better shape politically and even morally. You're especially right about misinformation/spurious arguments just going entirely unchallenged by most mainstream media. All of these politicians should be subject to factual interrogation and be forced to show their true colors as our public representatives

[@macred]

They....Listen.....My behind. They do not listen. Get them out! 12 years....

[@JoEsMhOe]

Jesus, listening to this business secretary guy is brutal. The words coming out of that mouth screams privilege. My favourite line was “I don’t want to change Prime Ministers as often as people change their suits” - what kind of analogy is that?!?

[@NeilJ894]

I think he was going to say underpants, but quickly realised he needed to make a u turn

[@stevec6427]

I've only got one suit

[@janszlazak9495]

The way he pronounced pound made me physically cringe. Checked his background - Etonian through and through, got a banking position straight out of college although he read History.

[@alexwentworth2293]

“A catastrophe is when there’s an earthquake and thousands of people lose their homes”… Jacob Rees Mogg

[@barringtonsmith9147]

Says the man with a hundred million in the bank

[@frederickmagill9454]

A disgrace Kwasi's arrogance is incredible.

[@cjheeley]

Nobody voted for Truss & Kwartang. Sign the petition for a general election now.

[@mattbrownartwork]

Get these thieves out... General Election now

[@winifredclarke1977]

Yeah I agree with you I'm wondering who made shait loads of money busting the £ 🤔🤔🤔

[@jon780249]

Is his plan that he should resign? That sounds like a good plan. It was interesting he didn’t answer the question ‘do you think you are good at your job’!

[@NONAMENEEDEDOK]

He is great at his job. Learn some economics and stop watching the lefty media.

[@biggusdickus5986]

Yep he could hardly say "well my actions speak for themselves 😂"

[@NONAMENEEDEDOK]

@@biggusdickus5986 So funny how none of you understand economics lol. Sooo delusional. Lefty dumbo

[@mattw8374]

Jacob Rees Mogg "it's not a catastrophe, a catastrophe is when you get an earthquake" well now he has a fracking revival plan, he may indeed get an earthquake.

[@marctemura2017]

No Matt, he is doing his job. Every 80 - 100 years England go through the "4th Turning", Jacob is doing his job in cycle his task is to destroy the intuitions of England so that you can re-built it anew. This is a cycle of history that you gone through since the time of Magna Carta. Your great grandchildren will go through this as well 80 - 100 years from now.

[@Google_Does_Evil_Now]

@@marctemura2017 no Marc, you you are being condescending while approximately 2 million people are about to lose their homes, and the ramifications will be that other businesses will go under also. As those people are struggling they will not be spending any money at all so this will impact the wider economy. The hike in interest rates has already pulled 40% of mortgage products from the market. People on tracker mortgages have already seen massive jumps in their mortgage payments. People going through or about to remortgage have seen huge rises in quotes. Is it true that over 1-2 million homes will be repossessed within a year? Is it true this will also cause a crisis in renting, because the higher mortgage cost will be passed on to the renters? The withdrawal of so many properties due to repossessions will drastically affect the renting market. Renters will also be evicted. Adding on to the thousands of pounds increase in energy costs, plus 10 to 20% rise in many goods and services, how many businesses are expected to fold? Because most people will struggle to afford to pay all their bills, how many are there of the extracurricular businesses such as restaurants, cafes, pubs, cinemas, gyms and so on are expected to fail because people will cut back and not afford to go to these places? Just how damaging is this expected to be to the economy?

[@Johnsilver1982]

Is he, in fact, a real person? He seems like a punch caricarture come to life.

[@robm.4512]

@@Johnsilver1982 I’m fairly sure that Mogg is not, in fact, a real person. I suspect that he is actually merely a very tiny piece of a person. I’ll leave the details of exactly which tiny piece I believe it is to your imagination. . . . I really do mean tiny, probably shrivelled too. Apologies if you find me coarse, I used to be a gentle soul, a pacifist, but these disgusting excuses for human beings have rather spoiled that.

[@rick-sr9nq]

​@@marctemura2017 Is it always Mogg? There is something sort of death-like about him. Typical English though, other cultures have their destruction/rebirth cycles every billion years. I blame the tories.

[@bullrider9617]

Lizz Truss wants to run the country by Trial and Error methodology !!

[@bobdebouwer7835]

For people like this the French would start a new revolution

[@rameshravi8669]

Damage is already done company's are laying of people even BBC has layed of many employees. They are shameless , I have no words can only Boooo them.

[@p-money33]

They say they've "listened" but they are abandoning this because they can't get it passed in law, not because they've seen the error of their ways. If it was truly so pivotal to growth, they wouldn't have ditched it. The fact they did (because it was electoral suicide) showed it was by choice. This was about rewarding their donors and the richest

[@kayatoney5585]

“do you think you’re good at your job” 😂😂😂

[@jacpratt8608]

a bit cruel. if you were talking to someone with any conscience at least. through to the keeper with this one.

[@4Clover128]

Get rid of Truss

[@roaldruss4211]

Listening to Jacob Rees-Mogg trying to defend Kwarteng and Truss' budget made me physically cringe.

[@you-know-who9023]

Looks increasingly like a general election will be called in 18 months, but it will not be soon enough for most people including voter's who usually vote for Tories.

[@TehScareM8]

increasingly likely? it has to be by law

[@you-know-who9023]

@@TehScareM8 It has to by law...... before January 2025 within 27 months.

[@samanthahardy9903]

The King should step in and dissolve parliament now to get a General Election sooner, but I don't think he will.

[@you-know-who9023]

He probably won't but he should definitely use the weekly briefing to express stronger than usual opinion. There is definitely a justification and he might be persuaded by the fact that there is probably a good chance this government will stumble along for another 18 months.🙂🙋

[@fuckbankers]

They can put that 2 billion into schools and the NHS now.

[@Christian988.]

Lizz and Kwasi finally listening to their SatNav and making a U-turn when possible.

[@athenakoios2418]

I am afraid it is too late.

[@samanthahardy9903]

Satnav, "Turn left and head straight." (Into the nearest deep water).

[@lafreeman4558]

Its not really the chancellors U-turn though is it. Thats just Truss using him as a fall guy.

[@biggusdickus5986]

I like how they played Blame Tennis back and forth with who started it,, she doesn't seem to get that ultimately the blame lies with her.

[@jacpratt8608]

its both of them

[@lafreeman4558]

@@biggusdickus5986 ...absolutely

[@enoch327]

By my count the Truss government has used up 3 of its 9 lives. And Chancellor Quasimodo has to go. Now. Someone has to fall on the sword. Take one for the team Mr. Chancellor.

[@joshufo9959]

Absolutely embarrassing

[@bilpat5123]

Listen to kwasi it sounded exactly like borris.. close your eyes and listen to him.....

[@sarahjf69]

I spotted that too

[@Totajee79]

Yep.

[@jbtv5617]

Hes been like that for a while now, probably got the same PR guy

[@propercomics5994]

They only scrapped it because they wouldn't get it through the Commons. They didn't 'listen'. Michael Gove realised this was terrible optics. Good on him

[@ppppp789]

well the hedge funds have made their profits so kwasi doesnt care anymore

[@realfreedom8932]

On the way down and on the way up... he literally met with them before the u turn... shocking, bankers are the real owners

[@jbtv5617]

Enjoying the clown show folks? 🤡💷🔥

[@jonsimmons4150]

Japan trades freely the world over, japan doesnt pay into a standover committee in a foreign land to do so, Japanese visa and immigration system isn't overridden by a standover foreign committee for 27 countries on the back of its international trading arrangements, giving 27 countries citizens unfettered access to Japanese jobs, welfare, healthcare,and housing and paying billions of yen for the privilege.. ~Its "Project Reality" ~its how the rest of the world works in 169 countries

[@ranabirroy9612]

Definition of incompetence

[@charlesflouvat1829]

All day to day, hedge fund accounts, should be published 🤭

[@zvilender247]

One wonders how come a pair displaying such a profound level of utter shallowness and lack of knowledge has found its way to Downing Street. Their greatest achievement should be marked by serving the shortest ever period of time in office.

[@whatsinaname11]

Westminster is full of Tories of the same ilk. You act surprised.

[@zvilender247]

@@whatsinaname11 'Westminster is full of Tories of the same ilk' -- A BBC production ridiculing the government would have done a far better job at handling the budget.

[@jacpratt8608]

@@whatsinaname11 no, these are a new level of low. possibly due to some combo of the class system and ruined education system.

[@burymeingarbage]

The health secretary, the epitome of health

[@nicolaisacc2014]

It's like closing the stable door after the horse has bolted

[@ajmaeenmahtab8456]

What a spineless leadership.

[@jacpratt8608]

when you think the spine is connected to the brain, maybe have a point.

[@colinmassey527]

Probably had machine guns and "CLAP NOW" signs pointing at the Tory MP audience - must have been a bit like a Putin rally...

[@jacpratt8608]

😆😅🤣😂🤣😅🤣

[@abritishexpatinthephilippines]

It's such a pity that the politics of today is about positioning the future of many MP's in the big picture for their own ego's. They were elected to represent the wishes of the voters, not align themselves with the many ego's within their party...they need to remember as time goes on their job isn't supposed to be for life. The trouble is they are so rapped up in their own importance to be bothered to be loyal to their party leader. The looser of the challenge for Prime Minister are clearly doing their best to keep destroying any hope of the ordinary people, who voted them into power... shameful 'the right honourable member's REALLY, HONOURABLE?

[@user-dg6bl2ry2y]

I can't get over that we are supposed to be levelling up and yet they still can't rule out cuts to benefits during a cost of living crisis.

[@mark861]

Hang on a second..I hope this conference building is being powered by wind power.

[@jacpratt8608]

flatulence?

[@112deeps]

I wonder If I may end up voting for Labour for the first time at next election ....!! I think now the conservatives know Rishi Sunak would have been better for Britain

[@jon780249]

Go on, give it a try. It has to be better than this shambles.

[@josephlennon8475]

This new Prime Minister and her cabinet are useless. But what is even more useless is the Labour Party. That lot will sell the British people out quicker than you could possibly imagine. Vote for a far right group if you can. It depends on how widespread their candidates are.

[@Ian_Paq]

We all know why they choose Lizzie! Because the Torie’s base is racist! Period… We all knew what to expect from Tuss! A disaster!

[@112deeps]

@@jon780249 , only problem is I saw Jeremy corbyn as labour leader and the labour's conference with Islamic Pakistani agenda and vote bank politicing trying to duplicate DNC .....and if trump had managed to stay in I would bet my mortgage interest rate that Afghanistan and Ukraine fiasco wouldn't have happened and inflation and interest rate would be nowhere as high. Sorry to say the American labour party has fcuked the whole worlds. As it says in book sins of father paid by sons and daughters etc..

[@112deeps]

@@Ian_Paq , still I was hoping for something better from independent common sense. One thing we can see is she ain't Margret Thatcher.. lol

[@jackhaggerty1066]

Kwarteng: 'What a day ! It has been tough.' What world is this blundering booby living in ? What does he know about life being tough ?

[@zephyr8072]

"I nearly collapsed the pound, cost the British taxpayer £65 billion and irrevocably damaged the economy for the next 40 years due to my arrogance, greed and stupidity. What a day! Good thing I'm in the Tory government, if this were any other job I'd be in jail right now." - Kwasi the Klown.

[@jackhaggerty1066]

@@zephyr8072 Well said. We have the D Stream running Westminster, Truss and Kwarteng. They belong in jail for what they did.

[@discostoo]

65bn their policy cost us already. Half the NHS budget. They need medieval punishment.

[@intenseninja8241]

Chancellor Kwarteng only changed his mind because the public told him he made a mistake.

[@gavinreid9184]

He cared not a fig about the general public, he only spoke, let alone acted, when the cons said they would kick him out if he did not move in this conference.

[@3dagedesign]

Have they changed their decision to uncap the limits on bonuses for bankers ?

[@whatsinaname11]

Or their reluctance to tax the Energy companies? Next - more poverty for those on universal credit, further cuts in public services, and yet more austerity.

[@allip4226]

No, we shouldn’t ask for pay rises because that could cause inflation but apparently bankers’ massive pay rises miraculously don’t cause inflation! 😂

[@giansideros]

@@allip4226 they should have cut VAT, it literally compounds inflation and doesn't take into account ability to pay. A £500 laptop with VAT should only cost someone £416.67 without VAT but because we won't tax the wealthy and big businesses properly, we have to pay these stealth taxes after our deductions to compensate the budget.

[@jacpratt8608]

@@allip4226 that's because they are bankers and know how to handle money

[@Greenpoloboy3]

I am at the point where I can't even look at these people let alone listen to their nonsense.

[@fuckbankers]

We can't wait 2 years. We need a General Election.

[@miakaal]

everyone at that conference has profited since 2017

[@RDHamel]

Rees moggs should insist on a laughter track. I'm sure he's great live but on the box you can't really get where the punchlines are.

[@alexperriman9298]

I lived for a long time in Somerset, best years of my life.. I cannot believe that such lovely, humorous and kind people would return this.... at the next election.

[@edix1673]

I cannot believe that any group of people who would ever vote Tory en masse could ever be described as lovely or kind.

[@bonk5207]

​@@edix1673 let's not demonise people who disagree with us in a democracy, its that binary us Vs them which is divisive and plays into their hands. people vote for what they believe will make things better and the Tories often are very good at selling a story which sounds very attractive to a lot of people. we have to understand why people voted for the Tories and welcome them back with open arms if we want to beat the conservatives at a general election

[@edix1673]

@@bonk5207 its actually quite simple. Left wing = the hope we can use what we have to build a better world for everyone. Right wing = the fear that someone else might get a little bit of what we already have.

[@alexperriman9298]

@@edix1673 Delusional?

[@edix1673]

@@alexperriman9298 informed

[@daiu48]

Conflict of interest: hedge fund cocktails on Kwarteng budget day. He worked for hedge fund manager Crispin Odey. Where is the media and parliamentary scrutiny…

[@jacpratt8608]

starts here

[@Thebearmre7]

“We have a plan” but we maybe forced by the party to change this plane again. Lol

[@toriesdontgettazered7464]

Monsters

[@jananders1351]

It's probably a given that a series of interviews with politicians at the Tory conference will look like a parade of fools. But this series; Kwarteng, Philips, Mogg, "red-wall" Tory MPs, were spectacularly well suited to their clownish roles.

[@winhtut9050]

Inexperienced Kwarteng made the first move and failed. Give him a second chance? No way. A Finance Minister from Zimbabwe would not make such a blunder.

[@adrianaspalinky1986]

Oh, but Rees Mogg says there were no Earthquakes, but only when he does FRACKING then!

[@Ian_Paq]

Mogg is a gravedigger!

[@imanovanar]

Hi everyone from Azerbaijan 🇦🇿

[@evolassunglasses4673]

Hi, from England 👍

[@mwd331]

Hi!

[@Sofus.]

hi from Denmark

[@julianshepherd2038]

Hi from Scotland

[@jimmybabe4790]

They clapped at their correcting their own mistakes which should not have been made in the first place. Horrid!

[@sisulart]

Mindbogglingly stupid thing to do in the current climate. How did they ever think it would be acceptable?

[@romanjimenezgil]

To balance the accounts they will privatize public sectors such as health. In the short term it will save money but after a couple of years it will get increasingly more expensive

[@diorocks5858]

Great we have a prime minister that looks and talks like a beat-up alcoholic a chancellor who is a newbie in financial markets.

[@he7281]

It’s good to know that Kwasi and spineless Truss has listened to the public pointing out their incompetency.

[@lostinmuzak]

That was a really really bad start of a new administration. It shows they are not up to the immense challenge UK is facing. If they love the country they should resign immediately and let more capable people take over. Tory voters are highly unlikely to vote Sunak into the number 10. Understandable. They are not their yet. The heredity matters to them - a lot. But surely there must be many other good candidates to take the job.

[@DeusShaggy]

Down with the Tories!

[@lauralishes1]

Do you think you're good at your job? Kwasi. _deflects and avoids the question_

[@jacpratt8608]

I want to know how he got the job. (apart from Eton).

[@lauralishes1]

@@jacpratt8608 hedge funder Crispin Odey - who employed Kwarteng - made a packet out of shorting the pound (then had a champagne party right after _with Kwasi_ As did his city buddies who he was having dinner with the night before the "mini" budget. To make it even more corrupt if that's possible. Crispin Odey and Kwasi's Eton chums then "just happened" to go long the pound just before Kwasi reversed his decision and so made another massive profit. If it smells corrupt it usually is, and there's usually a Tory behind it.

[@crimsonpirate1710]

We need change now. Another 2 years of this lot amd thats the UK destroyed for a generation

[@ScurvyRascal]

More like 2 generations!

[@lskourdoumpis]

One of the funniest series on politics I've ever watched was "The Thick of It"......this is funnier

[@Nick-kb6jd]

They let the pencil loose on Channel 4, Kamikwaze Torys! How many times does the M to the O to the dubble G have to be proved wrong before he'll be embarrassed to appear on the media? Just makes me laugh now when I hear him say things like "Nadine is marvellous". More Moggy on telly plz Lizzy.

[@romanjimenezgil]

I am learning English and I follow these videos to listen to different accents. But that of Rees...is so upper upper Eton oxford class that I dislike him deeply. I think that man should live for 6 months on 2000 pounds and pay the bills, the gas the insurance the petrol the food the clothes the mortgage the education...of a family of 4....

[@dougallwinship]

"i know the plan put forward only 10 year ... eugh ... only days ago..." whoopsie! oh well ... i guess it really doesn't matter too much if your party has been in power 10+ years and you're still doing the same/similar anyway?!?

[@mirandabrunskill7755]

A Freudian slip 😂

[@dougallwinship]

@@mirandabrunskill7755 it's deniable mishap

[@jacpratt8608]

truth will out

[@Mr---mr4ll]

Why is no one mentioning insider trading…. 😡 they said to their mates we are going to do A and then they celebrated that day in one of their mansions and then the week after they said we are going to do B and then those same twats made millions more!!!!! INSIDER TRADING !!!! Ffs

[@jacpratt8608]

its had quite a few mentions here

[@foreveryoungguy1]

Nothing ever changes in the UK. same shite over and over.

[@TheKt75]

PM threw KK under the bus at a recent interview. Markets were prepared for a u -turn. Tories are now trying to survive but they need an offering to sacrifice. Enter the Chancellor. He could have turned it around with a bit more detail in his speech but the markets smell blood and they will offer him. I guess the Iraqi business man will be next Chanellor.

[@jonsimmons4150]

Why do we have to have foreigners at the levers of power in the UK?

[@philipvjones397]

18.40 The tories' ideal voter.

[@mrhead8175]

UK what were you thinking letting a proto human in charge of your economy LOL

[@krisztiankramli3038]

Need to arrest and remove them all !