Rupert Lowe MP@RupertLowe10
Inflation is the tax that makes all of us poorer. It makes your food shop more expensive, clothes more expensive, fuel more expensive. Everything. It impoverishes the British people.
This is not random. This is not accidental. This is not irreversible.
It is the direct result of government choices.
When the state grows too large, spends too much, borrows too much and taxes too much, the value of our money is steadily eroded. This is not complicated.
Prices rise, and savings are punished.
Wages fall behind, and the country becomes poorer.
Ordinary British men and women feel worse off even if they are working harder than ever.
With those on the lowest wages suffering the most. The economy is failing those who work hard and contribute, yet feel less and less reward. I detest it.
For decades, politicians have tried to pretend there are complicated solutions to this problem.
There aren’t. There are straightforward solutions. That doesn’t mean they’re painless, but they are straightforward. So far, no political party has had the courage to outline the way forward.
We will. Restore Britain will.
If you want to bring inflation down and keep it down, you must radically shrink the size of the state.
This is non-negotiable.
Government spending drives inflation, endless borrowing drives inflation, constant intervention in the economy drives inflation.
And when the state grows larger and larger, it must fund itself through either taxation, borrowing or money creation. All three ultimately push prices higher. It makes your money worth less. It makes your food shop more expensive. It is that simple.
If the state prints billions and billions (Quantitative Easing) , what happens to the existing money?
It all becomes worth less. This is so painfully obvious.
Yet what does the state do? Cheered on by gopher politicians? Print, print and print some more.
A Restore Britain would do the five following things, brutally and rapidly.
- Drastically cut Government spending.
- Radically reduce tax.
- Brutalise the size of the state.
- Ensure that the country lives within its means.
- Ban money printing (QE), without explicit parliamentary approval.
Is this a painless process? No. It is not. I am not going to tell you otherwise. It will be painful, it will be difficult. There will be immense cuts. I am simply being honest with you all.
But it is necessary. It is the only way.
When you allow businesses to grow, allow people to keep more of their own money and remove the bureaucratic dead weight suffocating the economy, production increases. More goods are produced, more services are delivered, and prices stabilise.
A smaller state means a stronger economy, and a stronger economy means stable prices. Inflation is kept under control.
For too long Britain has gone in completely the opposite direction. Taxes are at record highs, the state is larger than ever, and inflation has punished every household in the country. Every single one. Nobody has been exempt.
But it is the poorest who suffer the most, and that is simply unacceptable.
Restore Britain will reverse that.
You cannot tax, borrow and spend your way to stable prices. You cannot regulate your way for lower inflation.
A small responsible state puts the people, not itself, first.
What do we have? A state that now taxes, wastes and then misappropriates.
The only real path to low inflation is a smaller state and a freer economy.
That leads to a richer people. That leads to a cheaper food shop. A cheaper pint. A cheaper tank of fuel.
That is Restore Britain’s aim.
If you want the Government out of your lives, and more of your own money in your pocket, with that money worth more?
There is a political party willing to take the painful steps to deliver that.
Restore Britain.