So What Is In His Mini-Budget?

[harvey19]

11 minutes ago, West 77 said:

The gates receipts are only a very small part of a top English club's revenue.  It's global television revenue that make up the vast majority of revenue. If the top players are no longer attracted to the top English clubs then Premier League brand will be damaged and global television revenue will fall hugely meaning much less money for the treasury. 

If you Google the top salaries you may be amazed at the fantastic amount the top earners get.

They are only entertainers, skilled I agree, but that money could be better spent.

I watched the ladies football a couple of months ago and was greatly impressed by their skill levels, tactics, and sportsmanship.

They managed this without vast salaries.

If the salaries were slashed clubs would still have excellent players., look at the days of fixed wages for footballers. The players played for the clubs in the area they wanted to love in.

[Jack Grey]

12 minutes ago, harvey19 said:

If you Google the top salaries you may be amazed at the fantastic amount the top earners get.

They are only entertainers, skilled I agree, but that money could be better spent.

I watched the ladies football a couple of months ago and was greatly impressed by their skill levels, tactics, and sportsmanship.

They managed this without vast salaries.

If the salaries were slashed clubs would still have excellent players., look at the days of fixed wages for footballers. The players played for the clubs in the area they wanted to love in.

Women's football isnt about skill even though they are no where near as good as top level men

 

Its about revenue and sponsorship

 

You cant pay women footballers money you dont have

[harvey19]

9 minutes ago, West 77 said:

You've missed the point.  People around the world pay expensive television subscriptions because they like to watch the best men's players playing for the top English clubs.  The only reason why ladies football is on free British television is because it doesn't cost the broadcasters hardly anything to get the television rights.  We live in a different World now to when local men played for the top English football teams.  The best example is local Leeds born Kalvin Phillips who played for Leeds United and was their best player who recently moved to Manchester City. Kalvin Phillips when fit is unlikely to be a regular player for Manchester City and most likely will not get picked for England as a consequence.  It was money that motivated Kalvin Philips to become a Manchester City bench warmer.

 

14 minutes ago, Jack Grey said:

Women's football isnt about skill even though they are no where near as good as top level men

 

Its about revenue and sponsorship

 

You cant pay women footballers money you dont have

In all honestly I enjoyed the quality of play exhibited by the ladies England team more than mens football.

11 minutes ago, West 77 said:

You've missed the point.  People around the world pay expensive television subscriptions because they like to watch the best men's players playing for the top English clubs.  The only reason why ladies football is on free British television is because it doesn't cost the broadcasters hardly anything to get the television rights.  We live in a different World now to when local men played for the top English football teams.  The best example is local Leeds born Kalvin Phillips who played for Leeds United and was their best player who recently moved to Manchester City. Kalvin Phillips when fit is unlikely to be a regular player for Manchester City and most likely will not get picked for England as a consequence.  It was money that motivated Kalvin Philips to become a Manchester City bench warmer.

If the salaries were capped you would still get excellent players who would not be attracted to other clubs purely for financial considerations.

I fully appreciate the revenue from the media but  it is a vicious circle.

If the salaries were not so high media investment would not need to be so high.

[El Cid]

3 hours ago, ThaBoom said:

UK will follow suit as it normally does- BOE will raise interest rates again from whats going on.

It is being speculated that there will be another 1% increase this week.

The Conservative reputation for being good with the economy is history.

Will some start a thread about being able to afford your mortgage payments?

[Mister M]

Oh dear.

 

This is not going well for Liz Truss or crazy Kwasi.

Last week's budget went down like a lead balloon in the Square Mile. Now it looks like the BoE are going to have to raise interest rates.

 

Some Tory MPs are reportedly livid with rage, and are calling for Truss and Kwasi to go.

 

Could this be the shortest ever leadership in political history? 

Paul Donovan, chief economist of UBS Global Wealth Management.
In his morning comment, Donovan gives an absolutely blistering verdict on the government’s plans:
The global signals from the UK’s mini-budget matter. Modern monetary theory has been taken into a corner by the bond markets and beaten up. Advanced economy bond yields are not supposed to soar the way UK gilt yields rose.

This also reminds investors that modern politics produces parties that are more extreme than either the voter or the investor consensus. Investors seem inclined to regard the UK Conservative Party as a doomsday cult.

https://www.theguardian.com/business/live/2022/sep/26/sterling-record-low-tax-cuts-investors-kwarteng-truss-ftse-stock-markets-business-live

 

I've been saying for years that the Tories are cultish.

[steved32]

1 hour ago, Mister M said:

Some Tory MPs are reportedly livid with rage, and are calling for Truss and Kwasi to go.

 

Support for the greedy, not the needy.  Kwarteng is Gordon Gecko in disguise.

[Mister M]

13 minutes ago, steved32 said:

Support for the greedy, not the needy.  Kwarteng is Gordon Gecko in disguise.

Well done to that miniscule %age of the electorate who put Truss in charge. 

You must be so proud of yourselves.

But then they're the ones who put the incompetent, lying windbag Johnson in charge, so obviously they've got no shame.

Edited September 26, 2022 by Mister M

[Guest ThaBoom]

1 hour ago, Mister M said:

Oh dear.

 

This is not going well for Liz Truss or crazy Kwasi.

Last week's budget went down like a lead balloon in the Square Mile. Now it looks like the BoE are going to have to raise interest rates.

 

Some Tory MPs are reportedly livid with rage, and are calling for Truss and Kwasi to go.

 

Could this be the shortest ever leadership in political history? 

Paul Donovan, chief economist of UBS Global Wealth Management.
In his morning comment, Donovan gives an absolutely blistering verdict on the government’s plans:
The global signals from the UK’s mini-budget matter. Modern monetary theory has been taken into a corner by the bond markets and beaten up. Advanced economy bond yields are not supposed to soar the way UK gilt yields rose.

This also reminds investors that modern politics produces parties that are more extreme than either the voter or the investor consensus. Investors seem inclined to regard the UK Conservative Party as a doomsday cult.

https://www.theguardian.com/business/live/2022/sep/26/sterling-record-low-tax-cuts-investors-kwarteng-truss-ftse-stock-markets-business-live

 

I've been saying for years that the Tories are cultish.

I agree and now think Liz will be outed quickly, along with Kamikaze Kwasi.

 

Totally shot themselves in the foot- just saw on news a reporter following Kwasi as he made his way to the office- being asked for his reaction and has the BoE been in touch 😆 

 

Their cuts are just not right for the economy- apart from the NI reversal, nothing else will massively help most ppl.

[Anna B]

Pound has dropped to it's lowest level in 50 years. 

Not good.

[Jack Grey]

1 minute ago, Anna B said:

Pound has dropped to it's lowest level in 50 years. 

Not good.

I bet you couldnt be happier

 

Gives you another reason to complain about The Tories