Can Keir Starmer Persuade The Public There’s A ‘Right Time’ To Increase Taxes?
Labour leader under pressure, but can his partnership with business avoid the tax/spend conundrum?
PA
Labour leader Keir Starmer and shadow chancellor Anneliese Dodds during a visit to the Portsmouth Gin Distillery in Southsea, Portsmouth.
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It’s February 2021 and Jeremy Corbyn is prime minister, leading the UK’s fight against the Covid pandemic. John McDonnell is chancellor, sitting in his Treasury office and putting the final touches to his spring Budget, aka The People’s Budget.
Opinion: Has lockdown 2 0 been necessary? forgetoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forgetoday.com Daily Mail and Mail on Sunday newspapers.
Sen. Rand Paul, R-Ky., took to the Senate floor on Monday to deliver a historic speech, slamming his Republican colleagues for selling-out to the cult of the
Magic Money Tree, and that they were no better than “Democratic socialists” for wanting to spend the next generation’s wealth. Senators were preparing to vote for a $900 billion Coronavirus Relief package bill.
Some aid is apparently ear-marked for SME’s and hard-hit hospitality businesses, but it’s unlikely this money will only go to a fraction of those who need it.
Paul took Washington lawmakers to task over their currency-killing fantasy economics, and warning of the monetary fallout from this unprecedented debt-financed spending spree.
21st December 2020 10:31 am
Dire predictions for the economy could be offset by the UK’s agile SMEs writes Jason Ford
Former PM Theresa May denied the existence of a ‘Magic Money Tree’ in 2017 but her successor Boris Johnson and his chancellor Rishi Sunak knew exactly where to find it in 2020.
Forced into unplanned spending to cope with the Covid-19 crisis, the government was estimated by the National Audit Office to have spent £210bn during the first six months of the pandemic.
Out of necessity, funds were released for a raft of measures including the procurement of PPE for front line healthcare workers, the design and build of new ventilators, the much-criticised NHS Test and Trace programme, furlough and funding to support the self-employed and businesses struggling to cope with government-imposed lockdown conditions.
Government s denial of debt not a vibrant strategy - MP Harsha dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.