During the 80s Mrs T cut higher tax rate from 83% to 40% the basic rate cut 33% to 25% The world did NOT END, the markets didn't Crash Last week higher tax was cut 5% from 45 back to 40% Basic rate was cut by just 1% and its the End of The World, financial markets are Doomed馃

Sep 29, 2022 路 5:37 AM UTC 路 Twitter Web App

5
31
2
82
I must add, the #MiniBudget was a DISASTER as it did NOTHING for consumer confidence and WHY did they do Tax-Free shopping, that ONLY helps London's mega-rich shops All they had to do was #CutVAT for 6 months
2
6
14
Replying to @martinpmurray
Co-ordinated attack
1
4
Replying to @martinpmurray
All true, but when she did that, UK national debt was less than 40% of GDP. Here in 2022, the UK debt is nearly 100% of GDP. Basic economics show you that your comparison is seriously flawed.
1
3
Bond market collapsing before budget. Budget just used as a reason by boe to qe and save pension funds.