The new Prime Minister is planning tax cuts.

The new chancellor is planning to lift restrictions on big boss bonuses for bankers.

Meanwhile last week, the Glasgow Times reported the latest poverty report showing since the pandemic another 2500 children are living in poverty.

READ MORE: Thousands more Glasgow children in poverty after pandemic

Now, you don't need to be a genius (and I am not for one minute suggesting that Liz Truss or Kwasi Kwarteng are not geniuses) to work out pushing ahead with that the first two policies is not going to improve the situation described in the third statement.

The plan is so-called trickle-down economics.

Let the rich get richer and as a result of them having more money it trickles down to the poorest, so the theory goes.

As far as I can see this has two problems.

The first problem being, what sort of society are we allowing where the Government enables a tiny number of people to get fantastically rich in the hope that the majority get a few crumbs falling from their table?

A warped, greedy, selfish society would be my guess.

The second problem is it doesn't work. When the super-rich get richer there comes a point where they don't spend it but instead hoard it.

They invest it in order to make even more money, while not always paying all the tax on it they perhaps should.

This is why we see rich lists of people's net-worth running into telephone number territory.

READ MORE: Hundreds of people 'trapped in unsuitable' homeless accommodation in Glasgow

But just because something is wrong and just because something doesn't work that doesn't mean that the new Government is not going to do it anyway.

On tax cuts, people working for the lowest wages, when you consider the tax-free personal allowance, are not going to benefit in significant amounts from a cut in income tax or national insurance.

Of course, every little helps but it is going to help those on higher wages more and those on much higher wages much more. Disproportionate, you could say.

Truss said on tax cuts she disagreed that it was “unfair”.

She said: "I mean, what we know is that people on higher incomes generally pay more tax.

"So, when you reduce taxes, there is often a disproportionate benefit because those people are paying more taxes in the first place.”

See what I mean about genius.

On the likelihood of bankers’ bonuses being allowed to rise, she said: "So what I want to see is that money in the City of London put to good use across our country - and yes, I'm prepared to do what it takes to get that money flowing."

Yes, Liz, ‘flowing’ into the already boated coffers of the sort of people who crashed the economy not so long ago and were bailed out by taxpayers’ cash.

And the resultant austerity fell disproportionately on the very people who not only didn’t cause the crash but who suffered most as a result.

Some people have suggested the Prime Minister is being “bullish” on tax and the economy.

That’s very nearly an anagram of what others are suggesting she is talking.

At this time you would think the opposition would be having a field day and measuring the Number Ten windows for new curtains and getting swatches of carpets delivered.

Sadly, His Majesty's opposition is busy with other matters.

Matters like getting ready to sing God Save the King at the opening of its party conference.

Are they really going to open conference with God Save the King and close it days later with the Red Flag?

READ MORE Stewart Paterson: So much changed over the Queen's reign, but so much didn't

With more kids in poverty, more working people in poverty, more people not in poverty worried they very soon will be, is this what should be exercising the minds of those who want to replace the Government?

We need to wait until after an emergency budget to see what the Scottish Government will do.

They tell us they can’t alter tax rates mid-financial year but haven’t exactly been radical so far and the £5 a week rise to the Scottish Child Payment, while welcomed by many, has also been recognised as nowhere near enough to make any meaningful difference to those in dire need.

Going back to our report on an increase in the number of children in poverty in Glasgow.

The number is an additional 2510 taking the total to 28,000.

Almost 30,000 children in one city, surviving below what is considered an acceptable standard of living.

Which means thousands of parents in this city are worried about feeding their children and many are going without food themselves in order to do so.

Thousands of parents worried about having money for school uniform to send their kids out to get an education.

And poverty is deepening.

The report found families in relative poverty are now £115  a week below the poverty line, whereas before the pandemic it was £107.

And it found that families newly in poverty are even worse off, with incomes of, on average, £121 per week below the poverty line.

It doesn’t look very much like these are the people who are the top priority for those newly moved into Downing Street.

But then again when have they ever been?