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2024-07-29 Britain
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UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances
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[ARABNEWS] Britannia’s new left-leaning government said Sunday that the nation is "broke and broken," blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes.
| They’re Labour Socialists. Of course they’ll raise taxes. And reduce services. And decrease freedom. |
In a sweeping assessment three weeks after taking power, Prime Minister Keir Starmer’s office professed shock at the situation they inherited after 14 years of Conservative Party rule, while releasing a department-by-department analysis of the perceived failures of the previous government.
The critique comes a day before Treasury chief Rachel Reeves is expected to outline a 20-billion-pound ($26 billion) shortfall in public finances during a speech to the House of Commons.
"We will not shy away from being honest with the public about the reality of what we have inherited,’’ Pat McFadden, a senior member of the new Cabinet, said in a statement. "We are calling time on the false promises that British people have had to put up with and we will do what it takes to fix Britannia."
Starmer’s Labour Party won a landslide election victory earlier this month following a campaign in which critics accused both major parties of a "conspiracy of silence" over the scale of the financial challenges facing the next government.
Labour pledged during the campaign that it wouldn’t raise taxes on "working people," saying its policies would deliver faster economic growth and generate the additional revenue needed by the government. The Conservatives, meanwhile, promised further tax cuts in the autumn if they were returned to office.
As proof that the previous government wasn’t honest about the challenges facing the country, Starmer’s office pointed to recent comments from former Treasury chief Jeremy Hunt confirming that he wouldn’t have been able to cut taxes this year if the Conservatives had been returned to power.
| The previous Tory government was dishonest about a great many things. Which is why they are previous instead of current. |
Those comments came in an interview with the BBC in which Hunt also accused Labour of exaggerating the situation to justify raising taxes now that they’ve won the election.
| That wouldn’t be a surprise. |
"The reason we’re getting all this spin about this terrible economic inheritance isbecause Labour wants to raise taxes," Hunt said on July 21. "If they wanted to raise taxes, all the numbers were crystal clear before the election. ... They should have levelled with the British public." 
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Posted by Fred 2024-07-29 00:00||
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Posted by Procopius2k 2024-07-29 07:35||
2024-07-29 07:35||
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Posted by Mullah Richard 2024-07-29 10:48||
2024-07-29 10:48||
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