There is always a majority for heaping extra taxes on other people. But such policies have a habit of sticking around, and drawing more and more people in.
the risk is that the fiscal errors made by the Truss administration tarnish the vital goal of improving the UK’s sluggish long-term growth rate.
Labour would help with the cost of energy bills for two years – paid for by extending the windfall tax on oil and gas companies, she says.
The risk is that the Truss approach to business taxes will be that it is seen as being so out of touch with the public mood that she will provide a vulnerable target for the Government’s opponents.
It took a long time for voters to grasp the need for Britain to live within its means during the 1960s and 1970s. It may do so again.
But the Labour Party chairman is “concerned that there doesn’t seem to be any plan to deal with the causes of the cost of living crisis”.
The Chancellor has been dealt a bad hand, but has played it as well as he could have hoped in yesterday’s statement.
Attempts by the Leader of the Opposition to pin down the Prime Minister on the question of a windfall profits tax did not succeed.
Also: a windfall tax is an appropriate response to the cost-of-living crisis; banning supermarket deals is not.