News OnTheWight always welcomes a Letter to the Editor to share with our readers – unsurprisingly they don’t always reflect the views of this publication. If you have something you’d like to share, get in touch and of course, your considered comments are welcome below.
This from Hans Bromwich, Cowes. Ed
Prime minister Rishi Sunak said on Sunday with Laura Kuenssberg, ‘the best tax cut we can give is to cut inflation’
But inflation is not a tax, so let’s not lie and pretend reducing inflation is a, ‘tax cut’.
Why the deceit you might ask? Well the truth is that there is little scope for genuine tax cuts without doing yet more untold damage to the economy.
Rising National debt figure
Way back in February I took a screen shot of the National debt figure, it stood at stood at £77,160 for every taxpayer, today, 8 months on, it stands at a staggering £80,081 per taxpayer. It is not coming down, it hasn’t even stabilised, instead it is rising month on month. There is no money for tax cuts.
Trashed the economy
Global inflation has been caused in part by the Pandemic and War in Ukraine, but here in the UK it was made much, much worse by around 160,000 members of the Conservative Party, (not the electorate), electing Liz Truss as Prime Minister.
They clearly hoped she would keep the Treasury’s coffers open for the Tory chumocracy to plunder, but the markets weren’t having any of it. As we know, Liz Truss and Kwasi Kwarteng trashed the economy, costing the Treasury an estimated £30bn, (£30,000,000,000), in addition to fuelling huge rises in the cost of goods, services and mortgages.
Inflation caused by their fiscal incompetence
It’s a bit rich Rishi Sunak and the Conservative Party wanting to now be congratulated for seeking to reduce sky high inflation, inflation they caused by their fiscal incompetence, and that has inflicted crippling hardship on many hard working families.
Reducing inflation to 6% still means it is way above inflation in many other western economies, for example inflation in the US is running at around 3%.
Reducing benefits to fund tax cuts
There has been talk about reducing benefits to fund tax cuts, but I’m not even going say how despicable it would be to target the most disenfranchised sector of society to fund the rich. We already have a generation of young people with little prospect of ever owning their own home, surviving on food banks and charities, on waiting lists for help with mental health issues and other medical conditions that they can’t get treated promptly, and that are having a debilitating affect on their ability to work.
Kicking them further in the teeth when they are down, rather than giving them a helping hand up, is typical of this brain dead Conservative government that simply doesn’t care for many of its people.
Lining pockets of foreign shareholders
But fear not, Rishi Sunak says, ‘we are attracting £billions of investment in the UK from Countries around the world.’ We’ve been here before too. Come and make a fortune providing substandard services, governed by soft regulation, so you can line your foreign shareholders pockets at the expense of the British Taxpayer.
Not really a credible vision for the future is it? Unless you are one of the chosen ones benefiting from the practice.
Pound shop Tories
So let’s unravel this Conservative rebranding. What does it offer, a new vision? Not really, it’s the same old, same old.
Pound shop Tories offering the opportunity for corruption and sleaze that benefits the elites with their offshore accounts, along with the organisations and individuals who also benefit and understandably work tirelessly to keep the Conservatives in power.
The cycle surely needs to be broken.
