It's going to hurt...a lot
After Liz Truss’ disastrous mini-budget in September, we now know how much it’ll cost us all. And it’s going to hurt. A lot.It is now beyond doubt that we have now well and truly entered a new age of austerity.
Now, don’t get me wrong - I accept that the war in Ukraine and the scarring of a global pandemic has had a major impact on our economy. No-one denies that but the thing that sticks in the craw of most of us has been the self-inflicted wounds to the UK economy. The Chancellor should have made fairer choices - properly taxing non-doms, banks, share buybacks, and expanding the windfall tax to companies making excess profits - but instead the Tories have chosen to impose devastating cuts to family budgets and public services.
The sad reality is that the Tories and the Labour Party are both in denial about the long-term damage they are causing with Brexit, which is reducing economic growth, lowering real wages, increasing costs, and harming public services. And that is why I want to see things done differently when it comes to building a fairer economy which protects the lowest earners.We need radical reform and overhaul of our economy to ensure that those who earn most - and that includes MPs like me - pay more to resource our public services.
Danmark Seneste Nyt, Danmark Overskrifter
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