RE: Labour’s economy12 Jun 2025 09:51
Savage_KeyboardR
"Liz Truss defender you are"
Let’s have some facts it was not Liz Truss that caused the crisis, it was a manufactured one by the BOE and other government departments to get rid of her because they knew cuts were coming and that’s not allowed at any cost and the budget did not conform to their view of the world. You will no doubt say this is rubbish but you need to look at what the BOE have said a long time after in an obscure part of their website, they stated they caused 2/3s of the crises, if they admitted to 2/3s you can bet it was a lot higher. The crises was part caused by LDIs which the BOE were told was a ticking time bomb years before but ignored it. Now look a gilt yields which were a major part of the crises, 4.6% after Liz Truss budget, they have been over 5% for months now, add in world inflation was a lot higher at the time of Liz Truss budget.
Now look at present economy, shrinks 0.3% in April and the only reason it grow in the 1st quarter was rush of exports to the USA before the tariffs. Inflation far higher than in EU, interest rate far higher than in EU, unemployment up, job vacancies down. Tax take lower than expected, the increase in CGT caused a 10% drop in tax take, the VAT on school fees will cost £6bn. Expected tax rises in autumn budget to pay for spending splurge to keep the Corbynites in Labour happy and to try to keep her job. Record number billionaires and millionaires leaving the UK. We are now in a doom loop of more taxes causing contraction the economy leading too lower tax take which will cause Labour to increase taxes.
Starmer does not care about taxes he gets his stuff tax free with freebies, bet they won't tax that.
Flood of migrants crossing the Irish boarder as Rwanda cancelled, more cost and now riots, well done Keir.
These are some one of the many reasons why their poll rating are dropping like a stone, get real they are toast come the next election.
GoCPI
Seem you forgot about the NI increase which kicked in in April, also if this government was not attaching itself to the EU with rules, regulations and more we could get a much better trade deal with the USA.
They caved in again yesterday on Gibraltar, now Spanish troops on Gibraltar’s soil, a big RED LINE before Labour came to power, another one of Starmer’s great give always to prove he is a good globalist and European, all part of the great Labour fire sale of UK money and rights.
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