The fall of the Tory party

This is a specific allowance for a parent leaving a house to a son/daughter.

Either they leave it (or a proportion of it) to children and use the £500k allowance or they leave the property to their spouse (which doesn't trigger IHT) and that allowance also gets passed to the spouse in addition to theirs.

Without passing it on you'd just get a £500k proportion of the property being left to children on the death of the first parent.

That makes it ok then. 🤦♂️

Well it doesn't make it not OK.

If you're Frank T.J. Mackey and women start shouting "tame the cock" when you're working on your ppt in Starbucks, I'm not really that fussed.

She's not an admin assistant trying to confirm his remaining holiday entitlement.

Without passing it on you'd just get a £500k proportion of the property being left to children on the death of the first parent.

I knew there was no IHT passing to spouse, I just hadn't got as far as thinking it through to this. Also the H in InHeritance Tax always looks funny to me but I guess it stops it being Information Technology.

Which is something else I have problems with, government by bullying. Williamson can still push back but in a more professional / civil manner maybe?

She's not an admin assistant trying to confirm his remaining holiday entitlement.

It's probably fairly safe to assume how he speaks to junior staff when under pressure too.

Totally this.

There’s no way in the world I’d continue to employ someone who spoke to any colleague like this.

Plans for a national flagship yacht to promote the UK abroad have been shelved, the defence secretary has announced. Ben Wallace told MPs a competition to build the vessel, estimated to cost up to £250m, had been terminated. The ship was commissioned by former PM Boris Johnson last year to host trade fairs and diplomatic events.

cool.

cool, just another £49.75bn of cuts to find

Good thing no money will have been wasted so far in the process.

It probably wasn't wasted, it was probably given to their mates!

(Allegedly).

It’s probably been raised on here, but humour me
Gavin Williamson
He really does appear to have them by the short and curlies - is he really that dangerous/have so much dirt on colleagues to make him immovable?

So there is this huge black hole that they need to fill, yet sunak has said today at cop they will triple funding for other nations to adapt.

Is the debt fake news then, how can we be in so much of the shit yet throw more money about. I dont get it.

Whips generally know all the dirt, but tbh there are so many people who've been through the whips' office in recent years that you could fill a Cabinet with them alone. Also, there doesn't seem to be any scandalous behaviour the Tories won't just try to style out. Christ knows how he's hanging on.

debt is real, Sunak's commitment to climate spending less likely, they will commit to pay by some point in the future when he knows he will be out of power

The memoirs would be an interesting* read
I mean super-injunction

*in a desperate, ‘can’t look away compulsive’ rubbernecking sense

Yeah I know its real, I just mean why even say this shite and you've got that clown sturgeon saying we should be paying more. At this rate well all be paying 95 percent tax to cover all this noise.

But i get what you mean they know its a short lived career so once there turn is over they aren't bothered.

I assume the funding would go to the various foreign companies controlled by the government and their cronies

Williamson, what a tosser.

https://www.theguardian.com/politics/2022/nov/07/senior-civil-servant-claims-gavin-williamson-told-them-slit-your-throat

He always seemed like such an unassuming incompetent cunt, the opposite of a bully. But then again, he was a minister in lord cunts cabinet so I shouldn't be surprised.

Probably a classic case of the bullied becoming the bully.

This whole fiscal 'black hole' is complete rubbish. It reminds me of Osbourne's 'household budget' lie back in 2011.

We are running a budget deficit. And we can continue running a budget deficit as long as people are willing to buy Treasury bonds. And if the government wanted to spend more and incur more debt, we can do that as long as we have a long term plan to invest in and grow the economy, which will reduce the deficit over the long term.

Austerity is a political decision, not an economic one.

We are running a budget deficit. And we can continue running a budget deficit as long as people are willing to buy Treasury bonds. And if the government wanted to spend more and incur more debt, we can do that as long as we have a long term plan to invest in and grow the economy, which will reduce the deficit over the long term.

The problem with that (as Truss found out), is that the market might disagree with you on what is likely to grow the economy.

Tories have minimal credibility right now and therefore minimal fiscal room to manoeuvre. Any government from the other side of the house will struggle with the fact that things that we might think are "good" in some sort of ethical sense might not grow aggregate GDP in the medium term (the market doesn't really care about the distribution).

He has all the dirt, but they are going to have to cut him loose soon. Pressure is building and there will be plenty happy to see him fall (upwards). Taken the heat off cruella though.

Which forum folks live near Stroud?

https://www.bbc.co.uk/news/uk-england-gloucestershire-63547021

He got his knighthood for services to Russia didn't he?

Conservative MP for Stroud, Ms Baillie, said she found it "difficult to understand" the perpetrator's motivation.

😀