"Taxes are going up not because of Brexit, Ukraine, Trump, poor productivity or the tooth fairy running away with the magic money tree at the end of the Downing Street gardens. They are increasing because of conscious Labour policy choices to abandon welfare reform, eschew any cuts in public spending and tax working people more to raise welfare benefits - the express demands of Labour backbenchers on a Prime Minister and Chancellor too weak to resist them."
"Reeves looks on her last legs. Forensic questions about her deceptions are batted away with a long, self-serving exegesis about child poverty, as she morphs from Iron Chancellor to Mother Teresa of the Treasury. Nobody is buying it and it won't save her skin. The OBR, which ironically she professed to worship, has blown the lid off her serial gaslighting of the British people. She can't survive the brutal exposé."
The Chancellor delivered an Autumn Budget that included significant tax increases while the Office for Budget Responsibility provided figures showing the country is in the black and no fiscal 'black hole' exists. Critics accuse the Chancellor of serial gaslighting and attribute tax rises to conscious Labour policy choices to abandon welfare reform, avoid public spending cuts, and raise taxes to increase welfare benefits. Critics argue these choices reflect pressure from Labour backbenchers and undermine the Chancellor's political standing. The Chancellor rejects accusations of lying, defends the Budget as necessary to repair public finances, build resilience and invest in the NHS while cutting bills.
Read at London Business News | Londonlovesbusiness.com
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