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.
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.
Chancellor Kwasi Kwarteng delivered a mini budget unfit to purpose by giving away a large slice of the government’s current income to rely heavily on borrowing instead. Cuts in government income and National Insurance is sure to have an impact on this government’s abilities to deliver on previous promises of improvements to the NHS and the seemingly forgotten pledge of ‘ levelling-up’. What’s also gone from the mandate of which this government was elected to do is the commitment to ‘Net Zero’ by scrapping or postponing the funding which was set aside to do this. So on almost all mandates from the 2019 Conservative Election Manifesto they have broken almost every Election Pledge. This goes to show that the Tories can’t be trusted to deliver.
Trickle Down Economics doesn’t work
Now Kwarteng is gambling with the economy. He has tried to convince us that he is a genius but instead he has shown that he has only a rudimentary grasp of economics. His most recent attempt shows that he can master smoke and mirrors. The majority of us in the UK will receive a mere 1 penny in the pound amounting to 2 bars of soap and a litre of milk over the course of a month and we are supposed to be grateful for that: whilst the rich benefit disproportionately. This is another attempt to install a failed economic theory first tried out by Margaret Thatcher. It didn’t work then and it won’t work now. It’s not a new idea it’s a rehash of Thatcherism. Trickle down economics doesn’t work. All it does is increase the divide between the rich and the poor and opens the door for the richest to exploit the poorest with unemployment and wage slashing.
To achieve this Kwarteng has sacrificed the government’s income and instead has reverted to borrowing to keep the County afloat. This equates to a situation of being afloat in the middle of the ocean in a boat full of holes which is sinking, whilst sending out a Mayday call to the Super Rich to come and rescue us. I doubt there will be much interest as the Rich will just remain at home counting their increased riches which this mini budget has so kindly laid at their doorstep.
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.
As we await the bold plan of the latest installment of the Tory Prime Minister number 4 , Liz Tuss, I am reminded of another bold and cunning plan by Baldrick of Black Adder fame. It might appear that the 2 have something in common with one another with the announcements of both that they have a bold and cunning plan. The similarities might not just end there though because Baldruck’s plans always came to nought and similarly those of Liz Truss’s may have the same auspicious ending as well. I suppose only time will tell. However during the leadership race I was pretty unconvinced by Truss whose wooly thinking often exposed her. I was also not convinced that Truss had any edge at all over Sunak and mostly to the contrary actually I thought Sunak gave the more convincing arguments. Remember that Truss’s plans to alter income tax actually didn’t benefit Pensioners at all. What struck me most about Truss’s win was that there must be a severe lack of any real talent at all in the Conservative Party at the moment if Truss was eventually crowned as the preferred candidate.
Video evidence exposes ‘ Levelling Up’ as a fraud. Boris Johnson’s policy exposed as a cover up to divert funds away from urban areas to wealthy Tory rural areas. Rishi Sunak was filmed admitting that he personally diverted money allocated to urban areas to more wealthy rural areas under Tory control. So this is what the Tories meant by levelling up.
‘Levelling up was always just a slogan without substance. Levelling up was just a slogan designed to attract Labour Party voters with empty promises. Levelling up was a slogan designed to divide loyalties in a blatant attempt to defraud voters and grab power.
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.
Tories are desperate to rid themselves of the continuing embarrassment of Brexit so they seem to be placing their faith in the dodgy building firm of Hunt & Bodge it. They seem to want a quick fix to Brexit (a Rush Job) in order to rid themselves of the continued embarrassment of seemingly not being able to successfully get the job done. In order to hide their incompetence they have given the work to Hunt & Bodge it a dodgy local firm with a poor reputation which rumour has it will soon be going into liquidation anyway. But wasting public money by giving contracts to dodgy businesses has never really worried the Tories anyway.
Both Hunt and Bodge it claim that they can get the job done on time by the deadline but neither can guarantee the quality of their workmanship or that people will not suffer as a result of their labour’s. Health and Safety are not really matters of concern for Hunt & Bodge it!