Tory policies have caused Britain to run aground. Thatcherite policies and values have now backed Britain into a cul-de-sac. There is no route forward any longer and therefore no reason to cling to the values of Thatcherism. Britain has no income and longer is is also bankrupt of ideas. Now the only course of action available to the Tories is to raise levels of government income from taxation. This was inevitable as a result of privatisation of Britain’s assets. Recent Tory governments have relied upon borrowing as a way of shoring up the facade that everything was under control. Then along came Liz Truss who yore down the mirrors to reveal the true horror show that the Tories had created. Truss even managed to make matters worse. No level of Tinkering about by Jeremy Hunt will make matters better. He is about to reveal a new level of taxation and unleash that on the British Public. Taxes taxes and more taxes. As if the public weren’t already struggling with higher interests rates and mortgage repayments. As if they weren’t already struggling with paying the price Hikes in energy costs and the subsequent inflationary prices. It seems that at every new announcement or misguided policy or budget that the Tories impose on us, that matters actually get worse and worse.
It comes as no surprise that the Tories are viewing tax rises as their only option
It comes as no surprise that the Tories are raising taxation, after all it’s their only option. The Tories have run out of ideas. Thatcherism has run it’s course until it’s run out of steam. Trickle down economics is mis-trusted. Thatcherism was evaporation economics. However Thatcherite values still prevailed in the values of the Conservative Party. Thatcherism is still evident everywhere in Britain even after 40 years. The Railways, Electricity, Gas and Water still remain in private sector. This is due in part to Blair who led the country and the Labour Party up the garden path. Blair remains a traitor to the Labour Party. An experiment in middle of the road politics that spawned a monster. Blair’s Labour Party did nothing to reverse the excesses of Thatcher and Major. By doing nothing it seemed to endorse them. Blair’s legacy was complete failure and is a period best forgotten by the Labour Party.
Britain needs socialism now to turn round our economy and open up new avenues to prosperity
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The Tories have no answer to the ‘Cost of Living Crisis’. Now as a last resort they have turned to taxation as their preferred ( and only available) method of attempting to deal with the ‘Cost of Living Crisis’. Taxation and more taxation is their response to dealing with the gap in public finances largely caused by their election of an inept leader which they imposed on the Country and for which we all must now pay for her mistakes. The Tories are now the party of high taxation because they haven’t anything else in their locker. For the last 12 years in Government they have been forced to rely on borrowing to keep taxation down. Now in the time of crisis all their ineptitude is showing. The Tories have no other strategy available to them besides taxation. They have nothing that generates any substantial income for them because they have sold it all off. This is the legacy of Thatcherism. Sell off all your assets and by so doing the only income you will be left with is through taxation. Thatcherism has caused Britain to become bankrupt.
Continue reading The Tories have no answer to the ‘Cost of Living Crisis’
How to tackle the ‘Cost of Living Crisis’. Well the first obstacle is to remove the Tory Government because they are not equipped, ethically or ideologically, to deal effectively with the ‘Cost of Living Crisis’. In fact many of their policies have contributed to this situation. The legacy of Thatcherism is also a contributory factor. The current situation of having our Energy and other utilities in the private sector is a major factor contributing to the high levels of Inflation that we are seeing. These Energy Providers have just got increasingly greedy and any attempts to moderate this by Tory Government Policies has been ineffectual.
Continue reading How to tackle the ‘Cost of Living Crisis’
During 12 years of Tory management they have finally managed to turn Britain into a Third World Country. This is Third World Britain. The Tories have turned Britain into a third world country: an all done on their watch. The Tories have turned Britain into a Country where: people could die of hypothermia in the coming winter months, where people cannot find rental accommodation, where students cannot find affordable rents or suitable digs, where people are unable to find homes to rent and cannot afford to mortgages to buy homes. Britain is a country where people can no longer get a dentist, see a doctor or get timely health care. More and more people are relying on food banks. People have to make choices between feeding their families and keeping pets. People are having to make tough choices about heating their homes or eating food. People are seeing their businesses going down. People are being laid off due to the uncertainty that businesses are becoming unprofitable due to overhead costs spiralling out of control. This is Third World Britain. Welcome to Third World Britain a spectacular Tory Party vision and accomplishment.
Continue reading Third World Britain: a Tory accomplishment all done on their watch
This post has been made in response to Kevin Peachey’s article that appeared today on the BBC’s App and website https://www.bbc.co.uk/news/business-57764601 .It is widely expected that the Bank of England will raise interest rates today in order to tackle Inflation. This is a very predictable text book response to Inflation and seen by many as the preferred method to tackle Inflation. The BBC has inferred that this Inflation is as a result of the lack of goods in the Economy after the Pandemic. From what I remember of the Pandemic is wasn’t goods availability that was problematic it was just that there appeared to be a shift away from people actually going to get goods to a situation whereby goods were being mainly ordered and delivered. Sure enough there was some drop in production but this didn’t impact greatly on availability. There was however more of a drop in services in that sector of the Economy. However today all I ever see down our street and on our estate is loads and loads of delivery vans constantly shuffling about and delivering goods to people’s homes via Amazon and DPD to name but a few. Also I myself have ordered much since the Pandemic ended and have enjoyed taking advantage of one day delivery schemes. So when the BBC state lack of goods as a cause of this current period of Inflation , I simply have to laugh. I have never recently gone onto the Internet and Amazon, in particular, where I remember being informed that the goods that I wished to order were out of stock. This has been my recent experience. So where is this shortage of goods driving this Inflation? It simply does not exist but has become an easy scapegoat to avoid the real finger of suspicion.
The real cause of Inflation is the greedy energy and utilities companies hiking up profits and disguising these as pass on costs.
Continue reading It is widely expected that the Bank of England will raise interests rates today : why is this wrong to do so?
A sure fire way to get the utilities and railways back into public ownership and the less costly way of achieving this.
Yes I admire the ambition of the Labour Party Manifesto and it’s aim to get the Gas and Electricity utilities and railways back into public ownership. Success of this would lead to a more prosperous and fairer Britain and it would be the start of a new era for Britain. Yes it is high time to reverse the failed privatisations of Margaret Thatcher and John Major, and this would be a move which would put Britain on track again. However the scale and the cost of the task is dauntingly enormous and Thatcher knew how difficult it would be to ever go backwards. She tried to make her privatisations irreversible in an attempt to frustrate any attempts to ever develop socialism in Britain. She thought that she had had the final word but despite this there was a fundamental flaw in her plan and one which the Labour Party could exploit if it is savvy enough.
Continue reading Competition is the way forward for the public ownership of Gas and Electricity in Britain