David Vance SubstackRead More
It’s surreal!
Prime Minister Sir Keir Starmer, the chancellor and business secretary have all written to the UK’s main regulators asking them to come up with ideas for reform that could boost economic growth. They contacted watchdogs, including energy regulator Ofgem and water regulator Ofwat, before Christmas asking them to submit proposals by mid-January.
Oh I see. That makes such sense. These bloated quangos whose very raison d’être is to impede economic growth and stifle effective investment will now provide the hapless Starmer with solutions to the missing economic growth! Are you kidding me?
Listen, the reason the economy is in the doldrums and likely to stay there is that cannot TAX and REGULATE your way into private sector growth. The October budget imposed a £40 billion hammer blow to business and enterprise and now Starmer and Reeves act all surprised as economic activity slumps.
The truism is that if socialists understood economics they would not be socialists. I think that is only partly true. I think the new breed of globalists simply don’t care.
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