Welcome to Trickle Down Economics, United Kingdom!

Gomez Adams

Grammar Fascist
Staff member
Dec 1, 2020
12,571
7,437
113
Suwanee, Georgia
exposingwot.com

Once that official mourning period was over last Monday, her government unleashed a wave of radical policies, climaxing on Friday with the announcement of £45 billion ($48 billion) in tax cuts. The measures included scrapping the top rate paid by the highest earners, in adjustments that will benefit the rich far more than millions of people on lower incomes.​
The logic, according to Truss’s government, is that cutting personal and corporate tax will trigger an investment boom and kick-start the British economy.​

:ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO:

The same bullshit republicans have been trying to sell since Reagan that has never, ever worked.
 
As predicted


After days of turmoil, the U.K. drew a rare stinging rebuke from the International Monetary Fund, which urged the government to "re-evaluate" a plan that may fuel already-soaring inflation and increase economic inequality.

The Bank of England, the U.K.'s central bank, made its own emergency intervention Wednesday, announcing it would buy up as much government debt as needed in an effort to restore stability.
 
  • Haha
Reactions: Gomez Adams