A Socialist Budget by a Tory Chancellor

A Socialist Budget by a Tory Chancellor

Tax and spend – sound familiar? Its back to the 70’s again but this time with a Tory take on a Labour budget.


Do you want to be successful in the UK? Then we will punish you with higher taxes and [even higher] road taxes. Oh yes and we will stop you from providing for a comfortable retirement in your senior years by preventing you from investing in your pension as we want to tax you NOW so we can spend it NOW.

This was the new government’s chance to show REAL leadership by making HARDdecisions like tackling the public sector £1½T pension deficit & announcing dramatic cuts in an over bloated public sector which wastes £1 in every £6. Instead the issues were ducked and they forced higher taxes on the private sector to pay for all this largesse and utter nonsense. Back in the 80’s, the Conservative government announced massive public sector cuts in the midst of a deep recession, tackled the unions, told Big Pharma to rebate £100M [@ 1981 prices] for overcharging the NHS and fought against cartels. Taxes were reduced resulting in even more profits and more taxes being made and paid as well as enabling more entrepreneurial flair to come to the fore.

Higher taxes and the end of ambition are not the answer for the next 5 years.

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