Hunt's gunning for NI, but not in the "save taxpayers' money" sense; instead, he intends to merge it with income tax.
Voila higher taxation at the flick of a pen!
You have been warned!
Hunt's gunning for NI, but not in the "save taxpayers' money" sense; instead, he intends to merge it with income tax.
Voila higher taxation at the flick of a pen!
You have been warned!
Stop fucking around, or rather threatening to fuck around, with taxes such as pension caps etc.
People and businesses need to be able to plan for the future, if every few years the rules of the game are changed people and businesses will stop investing in the future!
"Four Es to unlock our national potential," Says UK finance minister Hunt.
— William James (@WJames_Reuters) January 27, 2023
Same old shit rehashed by Labour and Tory alike over the decades.
Chancellor Hunt will give his Autumn Statement (Budget) in the next few minutes. In it he will tell us we are to "face into the storm", and outline spending cuts and tax rises that will amount to around £54BN.
There is a catch, many of these cuts/rises are set to come about over a five year period. The next election will be held within two years; as such, many of these cuts/tax rises may well never see the light of day!
Chancellor Hunt has just nixed Kwarteng's budget, whilst the FX and Gilt markets approve it may not be such a joyful occassion for mere humans.
Amongst others Hunt has:
-time limted the energy bailout to 6 months,
-abandoned the reduction in income tax,
-reintroduced the hated IR35 reforms,
-scrapped the freeze on alcohol duties and
-promised wide ranging spending cuts.
This of course is what the media and the markets, IMF etc have been pushing for.
Clearly Truss's days, and indeed the Tory Party's days, in office are limited (days/weeks/months....who knows?).
As such Labour and their suppoorters, not unreasonably, are champing at the bit to take power. However, they should bear this in mind, as and when they take office they will face exactly the same problems that Truss faces eg:
- global inflation
- gobal rising interest rates
- the war in Ukraine
- energy and food shortages
- hysterical media that looks to destroy whoever is in power etc.
As such, constrained by the markets and bullied by the media, the room for maneuver will be very limited.
Like it or not UK interest rates are on an upward trajectory, and there will be spending cuts (whovere is in power). Labour will need to explain this to its supporters (who have yet to understand who really runs the country).
Make no mistake, Jeremy Hunt (and his backers) is/are now de facto Prime Minsiter in all but name only.
Liz Truss is now but a figurehead mouthing words scripted to her by Hunt.
How long this state of affairs lasts is not yet clear. However, I suspect it won't last very long.
The Rt Hon Jeremy Hunt MP @Jeremy_Hunt has been appointed Chancellor of the Exchequer @HMTreasury. pic.twitter.com/bldKWr3crG
— UK Prime Minister (@10DowningStreet) October 14, 2022
Boris Johnson is live on LBC, answering listeners' questions. Watch it live.#AskBoris https://t.co/qm1ZPCVuox— LBC (@LBC) June 25, 2019
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Every older person should die with dignity and respect#C4debates #HastobeHunt pic.twitter.com/QUD77Cpgxi— Jeremy Hunt (@Jeremy_Hunt) June 16, 2019
RT when you see it. pic.twitter.com/z5OGFggULe
— Andrew Icke (@littleIckey) April 8, 2017
Who will ever tire of this photo? Hands up. What? No one. pic.twitter.com/XVb8RYJ7sn
— Andrew Brooks (@taxbod) October 5, 2016
"In The Times (£). The Duke of Edinburgh to Jeremy Hunt ..."Who are you?"
"I don't think this is a moment for getting into the blame game. G4S have been quite honourable. It is completely normal that you are going to find some contractors on a project of this size who are not going to be able to deliver."