I have seen you mention your allotment mate. I noticed because I have one too. For complete transparency I was cracking a joke, maybe badly, but was a bit of light hearted banter about being taxed. I seem to have caused some offence
Something that bugs me even more is when a married couple are stinking rich ( multi millionaires ) and one takes ill and claims a new car on mobility. I know the wife is ill and I wouldn’t wish her condition on anyone but they could buy 10 cars and not miss the money.
Powell is playing to the gallery. Reeves is not making the decisions now, the bond markets are making them.She has absolutely no choice but to raise taxes, as Labour cannot even contemplate reducing spending at all. Debt is debt, and must be secured and serviced. At one point, you have to do what the bloke lending you the money tells you to do. That is where we are now. Reeves' first budget was meant to demonstrate some sort of fiscal continence, but the money raised, (almost £30bn in prospect but, as with almost all tax increases will be a less), was all blasted away within a few weeks. Cue many jitters in the markets and rises to record levels in many critical gilt yields. The UK is way over budget. Spending has to be cut. The state has to be reduced. It is as simple as that really and sooner or later it will happen anyway, as it did in the seventies. As for Powell, she is just letting off hot air to appeal to the party faithful. Reeves has no choice now, and I really mean no choice.
