Chancellor Reeves still peddling the fiction on TV this morning that tax rises in last October’s Budget were forced on her by the £22bn Tory ‘black hole’ in nation’s accounts. Let’s deal with that once and for all before Wednesday’s Spring Statement.
Let’s accept, just this once, the ‘black hole’ even if, contrary to her claims on Sky News today, the OBR has never acknowledged its existence.
She taxed and borrowed by far more than necessary to fill in the alleged black hole — because she wanted to increase public spending, which she did by £70bn.
She financed this by £40bn more in taxes and £30bn more in borrowing.
She did not have to do anything like that to fill in her black hole.
But by doing what she did she lost the confidence of consumers, business and investors.
This has slowed the economy to a crawl and created a new black hole of her own making. Which she will attempt to fill in with spending cuts on Wednesday and, no doubt, more tax rises come next April’s Budget.
Watch this clip of Rachel Reeves about Tory ministers and private jets then clock that Labour ministers have spent over £2m on private jets in six months. I’m actually in favour of hard-working ministers being given the best possible transport facilities. But her hypocrisy is sickening.
You’re not kickstarting growth. You’re kicking the life out of it.
This kind of propaganda statement — of which there are a growing number from the government, nearly all divorced from reality — increasingly reads like Soviet propaganda in the 1930s boasting about wheat production while the kulaks starved.
Rachel from Accounts has been rumbled. It's time for her to make her way to HR and collect her P45 - or stay in China, where they're almost as commie as she is
https://t.co/luYm5f73if
Rudy’s Pizza Sheffield open’s this summer bringing 5,000 free Neapolitan pizza’s to the people 🍕🇮🇹
Rudy’s Sheffield will be a relaxed neighbourhood pizzeria situated at the former Lonestar Site on Division Street, in the bustling heart of the city
👉https://t.co/VWqdnQwJGT
'Thank you! Thank you!'
The Prime Minister received an emotional standing ovation from people attending the Ukrainian Cathedral of the Holy Family in Mayfair.
The Queen wishes to share this private photograph taken with The Duke of Edinburgh at the top of the Coyles of Muick, Scotland in 2003.
📷Photograph by The Countess of Wessex.