38 Degrees Internet Petition Calling for Scrapping of Mini-Budget

I also got this email and petition through from internet democracy organisation calling for ‘Cheeselab’ Truss and ‘Queasy’ Kwarteng to scrap their wretched mini-budget. I’ve had absolutely no problems about signing it. Please feel free to do the same if it frightens and appals you as much as it did me.

‘They’ve driven us off a cliff, David.

Markets in panic, pensions on the brink of bankruptcy, rising interest rates, the pound crashing. [1] It’s taken Liz Truss and Kwasi Kwarteng just 6 days to tank the economy with their ‘mini-budget’ – and put OUR livelihoods on the line. [2] Mini-budget, maximum chaos.

This is about the money left in our pockets at the end of the month. Rising interest rates send mortgages skyrocketing. [3] A weaker pound makes clothes and food more expensive. [4] This budget has plunged us into even more chaos, just when we needed urgent help to get through the cost of living crisis.

Millions of us across the country are enraged by their decision to borrow billions to give to the rich – and tank the economy in the process. [5] International financial institutions, the Bank of England and even Tory MPs have savaged the plan. [6] There’s only one option: rip up the budget.

We need to show where the British public stand today. So, David, will you add your name right now to the open letter calling on Liz Truss and Kwasi Kwarteng to RIP UP this disastrous mini-budget? Clicking the button below will add your name automatically.

ADD MY NAME

NO, I DISAGREE

Here’s the open letter:

To Liz Truss and Kwasi Kwarteng,

RIP UP your “mini-budget” and replace it with an urgent rescue plan to save our economy, save families during this cost of living crisis and save our public services already on the brink.
Signed,Thousands of members of the public 

ADD MY NAME

NO, I DISAGREE

Thank you for being involved,

Angus, Mike, Ellie, Tom and the 38 Degrees team

Notes:
[1] BBC News: Treasury rejects U-turn on mini-budget despite turmoil
[2] The Guardian: Kwarteng scraps top 45% rate of income tax and cuts stamp duty
The Daily Mirror: Mini-Budget 2022 summary: £45bn tax cut announcements at a glance and how they hit you
[3] The Guardian: Homeowners warned of ‘significant’ rise in UK interest rates
The Times: Prove you can afford 7% mortgage, borrowers to be told
[4] The Telegraph: How the tumbling pound is pushing up prices
Metro: Why is the pound falling and how does it affect me in the UK?
[5] The Guardian: ‘A budget for the 1%’: government accused of huge tax cut for super-wealthy
[6] BBC News: IMF openly criticises UK government tax plans
Reuters: Bank of England moves to calm bond market rout after tax cut storm
The i: All the Tory MPs who’ve publicly objected to Liz Truss and Kwasi Kwarteng’s mini-budget

Advertisement

Tags: , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: