JUST RAISE TAX
Rachel Reeves cannot tweak her way out of a crisis. The tax system must be torn down. The government’s attempt to save £5.5bn has failed, as did the attempt to cut the winter fuel allowance, with the government spending slightly more than if it had done nothing at all.
Reeves is beginning to write her next budget. Her advisers will meet at the long, cabinet-style table in her office in Whitehall. It’s not an exaggeration to say that everyone around that table understands that taxes will almost certainly have to rise in the autumn. They will have to confront a terrible mistake that Labour made when it promised not to raise any of the three biggest revenue-raising taxes. The question that now hangs over this government is which would be worse: breaking that promise, or breaking Britain’s economy – before handing it over to Nigel Farage.
The truth is that middle earners, the people Reeves and Starmer’s advisers worry about the most, are not being taxed enough. The basic rate of income tax has not risen – not once, not by a penny – for more than 50 years. During that time the average life expectancy of people in the UK has increased by almost ten years, and as a result, our spending on healthcare and pensions as a share of GDP has doubled.
Tommy Shelby returns. A Peaky Blinders Film starring Cillian Murphy is coming to Netflix.
“It seems like Tommy Shelby wasn’t finished with me…It is very gratifying to be recollaborating with Steven Knight and Tom Harper on the film version of Peaky Blinders. This is one for the fans.”
A spectacular picture of a football covered in barnacles has been unveiled as the winner of this year's British Wildlife Photography Awards
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I don't know about you, but I am ridiculously excited to see @theboo_radleys at the @O2AcademyOxford tomorrow.
Huge thanks to @SiceBooRadleys for such a great interview for this week's @oxfordtimes - and thanks for the coffee!