David Vance SubstackRead More
One of the defining characteristics of this Labour Government is how tin-eared it is! Take the criticism of the £40bn tax grab by Chancellor of the Exchequer, Rachel “from accounts” Reeves.
Reeves has now told businesses she is “not coming back with more borrowing or more taxes” as she defended the tax rises on businesses announced in the Budget.
Reeves has told the Confederation of British Industry (CBI) conference today that despite “a lot of feedback” on her tax and spending plans, she had not heard many alternatives.
What? Is she clinically insane? There were loads of “alternatives” but none that allowed her to lavish cash at junior doctors and train drivers whilst escalating the Stalin-esque minimum wage by up to 20%. The alternatives to raising tax is CUTTING tax. But that means shrinking the State.
Her comments come after businesses warned that the Chancellor’s decisions had made it more difficult for firms to “take a chance” on hiring people.
Listen, her Budget will ensure business cuts employment numbers and raise prices. It will make the UK economy even more sclerotic in 2025 yet I don’t think she can see that. Like all leftists she thinks she can tax us into growth which is a bit like saying you can drink yourself into sobriety. If you are planning to make investments in 2025, the UK is a place to avoid as Rachel from Accounts and her ilk butcher our economic prospects in the name of “growth”
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