In the House of Commons chamber, Sir Keir Starmer seemed not just comfortable with the idea that he is a member of Miliband’s government – he was almost eager to admit it.
When markets forced up the interest rates in 2022 Rachel Reeves said Liz Truss had crashed the economy Reeves said 4.38 per cent for ten year money was too high. We have to report now that her own measure and words Rachel Reeves has crashed the economy.
Policy coordination needs to be improved.The Bank of England must be more accountable and aligned with broader macroeconomic objectives. It needs to do its job better. There is no alternatives. Desperate economic circumstances require hard-edged small state policies.
Such tax or spend changes would be economically apocalyptic; there is no realistic avenue in which to fund a return to the EU.
Reforming VAT in a first Conservative budget would create the basis for accelerated economic growth and be consistent with the reforming approach shown by the best of our predecessors.
It is absurd that our financial regulator cares more about whether you have enough women on your board than if you actually make any money.
A consistent blunder by successive governments has been to allow savings to become absorbed in day-to-day consumption rather than invested in Britain’s productive capacity. The British Growth Covenant will correct this issue.
Britain should use these geopolitical moments to strengthen relationships with countries that share our institutions, our outlook, and out strategic interests.
This cuts against the story our commentariat prefers. We are told that young men are the epicentre of radicalisation, volatile, misogynistic, one podcast away from extremism. Not only is this misandrist; it obscures the sharper electoral point.
For the Right to show it has not bought into the narrative of unfunded tax cuts it needs to be emphatic on the benefits of lower taxation as a vehicle for both collective and individual economic freedom and audacious in its pursuit to achieve it.
Churchill fought a war having argued for years that Britain was economically and militarily unprepared. Starmer is trying not to fight a war arguing via his Chancellor that never before has so much been promised for defence. For so little return when it matters, it seems.
Realism requires backbone. This government has none. Winter fuel payments: U-turn. Welfare reform: U-turn. The two-child benefit cap: U-turn. Farm taxes, family business taxes, pubs – all U-turns. Whenever pressure mounts, this government folds.
Britain’s unemployment rate is forecast to climb to its highest level since the pandemic, according to the OBR, the budget watchdog, with their growth forecast cut for the coming year to just 1.1 per cent.
As their pay rises above £100,000, MPs will feel the full absurdity of Britain’s hidden 60 per cent marginal rate. They may finally rediscover the case for growth.
It is time to stop taxing the Stock Exchange out of existence and start powering the next generation of British Tech giants and creating a new generation of shareholders.