@WvmVan@LexiBeaChorlton I have already left the UK with no intention to return to live. And more and more people are waking up to what is happening in the UK and are voting with their feet!
@middleman1980s@Trader_sarcasm It really wouldn’t surprise me if this is actually being said as it has been happening for years. Over 3 years of university, my son applied for over 150 internships and when these companies published photos of the cohort that got them it was very much in line with his !!
There’s a lot of self-serving spin emanating from the UK government about how virtuous it is re fiscal consolidation.
Here are the facts.
Labour inherited an OBR budget deficit forecast of £87bn (3.1% GDP) for FY2024/25. After R Reeves’ 1st disastrous budget the actual deficit was £153bn (5.2%). Massive jump.
Labour inherited OBR budget deficit of £77bn (2.7%) for FY2025/26. After RR’s disastrous 2nd budget that turned out to be £133bn (4.3%).
So in its first two years it added over £120bn to borrowing/deficit (despite huge increase in taxes).
The OBR forecast it inherited for this FY2026/27 was £69bn (2.3%). It is now forecast to be £116bn (3.3%). That looks like an underestimate. More likely to be closer to £130bn again.
Inherited budget forecast for 2027/28: £51bn (1.6%). Latest forecast: £97bn (2.9%).
Inherited budget forecast for 2028/29: £39bn (1.2%). Latest forecast: £86bn (2.5%).
Far from fiscal consolidation Labour is forecast to borrow an incredible £260bn more over the 5 years from 2024/25 than the forecasts it inherited. Despite the tax rises.
Which will continue. Alone among G7 countries the IMF projects the UK tax burden to rise by 3.7% of GDP 2025-31. The only other country with a rising tax burden is France (0.8%). Italy is static. Rest of G7 have falling tax burden.
And let’s not forget Labour’s so-called ‘fiscal consolidation’ is all backloaded to end-decade. Unlikely to happen. So taxes will have to rise by even more.
Public money, allocated in memory of the girls murdered by Axel Rudakubana in Southport, was diverted by Labour to fund a hard-left operation. Run by ex-Hope Not Hate staff, it trained council officials how to steer voters away from the Conservatives and Reform UK. (@Telegraph)
@WvmVan@LexiBeaChorlton A picture paints a thousand words. The social contract is broken. These people contribute more and more and get literally nothing in return if and when they are unfortunate enough to need some kind of support! It’s too one way and many have had enough!
Andy Burnham is attempting a remarkable piece of history rewriting by denying his own statements and blaming left-wing commentators.
Unluckily for him, the whole thing was caught on camera.
Labour is clearly gearing up to re-join the European Union without asking the people, to turbo-charge immigration from Afghanistan & Gaza without asking the people, to dropping ID checks at elections without any serious scrutiny.
Do you see what’s happening?
Paying taxes sucks. But paying taxes knowing they’ll end up spent on foreign wars, “developmental aid,” and free housing and welfare for third-worlders who hate us and were imported to replace us is a whole different ballgame.
We’re being forced to pay for our own destruction.
🚨 EXCLUSIVE: ANGELA RAYNER CAUGHT USING 15 MILLION POUNDS OF PUBLIC CASH TO RIG ELECTIONS!!!!
I want every working person in this country to confront the terrifying reality that the state is weaponizing your own wages against your ballot paper.
Under the guise of a 15 million pound recovery fund created after the Southport tragedy, Angela Rayner quietly financed a partisan propaganda machine inside local government.
Official evidence confirms public funds went straight to the Ella Baker School of Organising, an activist network founded by former operatives from Hope Not Hate.
Council staff across Birmingham, Sheffield, and Blackpool were forced through state funded sessions instructing them how to steer working class communities away from Nigel Farage.
Local bureaucrats were literally trained on how to distract ordinary residents from small boat arrivals and manipulate the public away from voting for Reform UK.
Course registration materials openly declared their core objective was to avert the impending disaster of a democratic right wing government.
The political establishment claims there is zero cash to protect military veterans or keep elderly pensioners warm, yet Angela Rayner finds unlimited funds to turn council offices into political re education camps.
Labour knows they have permanently lost the trust of ordinary Britons, so they are deploying taxpayer funded psychological operations to rig the ballot box from the inside.
Retweet this exclusive investigation immediately to expose Angela Rayner using public money to wage war on British voters. 🇬🇧
🚨 PANIC IN DOWNING STREET AS ANDY BURNHAM FORCED TO OPEN SECRET UAE FILES!
Days after I exposed Burnham acting as an unpaid defense lawyer for Man City, the Prime Minister has officially hit the panic button haha.
Faced with overwhelming public backlash, Burnham has surrendered and announced he will publish his private meeting logs with the club billionaire Emirati owners.
He rushed onto a podcast desperately trying to get ahead of the scandal, claiming he only had one significant meeting back in 2021 and that his mind was on other things when he defended the club on national television.
What an insulting, pathetic excuse from the man supposedly leading Great Britain.
Burnham conveniently failed to mention that he personally chaired the authority meetings that handed 55 million pounds in taxpayer loans to Jersey property companies owned by Sheikh Mansour.
He wants the public to believe football rules and foreign investments are totally separate, yet his local administration used public money to buy up land specifically for Abu Dhabi developers.
The Prime Minister is only agreeing to publish these records because he was caught red handed using his political office to shield foreign oligarchs while taxing British workers into the dirt.
I want every single unredacted diary entry, text message, and private meeting note released to the British public immediately without Whitehall censorship.
Retweet this right now to demand total transparency before Downing Street scrubs the files. 🇬🇧🔥
BREAKING: ‘Sweetheart deals’ between the Manchester City group and the Labour Council contained tightly-drawn gagging clauses and NDAs to prevent their secret terms from being scrutinised (via @TheTimes) https://t.co/aDVh0BWIgU
@WvmVan@LexiBeaChorlton Define rich? Is someone earning £360,000 rich. Most people would think so. They contribute £211,000 every year to the government coffers Don’t still think they don’t pay enough. That the same as 18 people on average salary !!!
Excellent article in the Wall Street Journal on Britain's unsustainable welfare spending:
— 7 million people (over 10% of the UK population) now claim at least one or more sickness or disability benefit. This is up 60% in the past 6 years.
— The UK will spend over £100 billion pound this year on sickness and disability benefits. This is projected to increase to £130 billion a year by 2030.
— No other Western country has seen such a rise in disability claims. In the US, 10.6 million people claim some form of federal disability payment, despite the population being 5x larger.
— 1 in 7 new cars sold in the UK are under the Motability scheme; however, only 10% of cars are modified for a disability. In one dealership, 25 out of 26 cars they sold in August were all under the Motability scheme.
— Charities, consultants, YouTubers and TikTokers have all sprung up, telling people how to maximise benefit access. Some of these videos receive hundreds of thousands of views. Over 1,000 people a day are signing on for PIP.
— According to a Government survey from 2024, 25% of the UK's working age population could theoretically be classed as disabled under the current criteria and access these benefits.
— A minimum wage worker who works 40 hours per week would take home around £1,880 per month after tax; however, if you are classed as too sick to work and claim PIP, you can take home £2,000 tax free per month.
https://t.co/ftFzSax9VH
@TrisOsborneMP That is for 2 reasons
1 the small boats become bloodey great big ones with 5x the number of people, and
2. You have started ferrying plane loads of them under the cover of early morning unregistered flights into numerous airport including Newcastle, Liverpool & Manchester
Call option volume on $TLT just hit a record 14.9 million contracts in a month. ~3x January.
Calls on TLT are a bet that long-term yields fall.
So at the exact moment the 30-year is near a 24-year high, someone is making the biggest bet in history that this is the top.