me
38 posts
Capitalism is the worst economic system in practice
This is @KemiBadenoch’s chamber, you’re just sitting in it.
If you think the public finances are a mess now, you don’t want to think what they would be like under Miliband. One of the reasons he lost in 2015 was his point-blank refusal to accept that the Blair and Brown governments – in which he, of course, was a prime player as aide to Gordon Brown, followed by energy and climate secretary – spent and borrowed too much. The truth is that Miliband has little grip on fiscal reality and markets know it, which is why UK government bond yields have been shooting upwards whenever the chances of Starmer being forced out of office increase. His 2015 manifesto was also riddled with anti-business measures which would have destroyed economic growth. It was he who first launched an attack on zero hours contracts, in spite of them being popular with many people on them, such as students, who value the flexibility they offer. Miliband’s pitch to business in 2015 failed miserably with markedly fewer backers than were prepared to endorse Starmer in 2025. The public made a wise choice in 2015. To end up having him forced on us as PM anyway, without a mandate, would hasten the demise of the Labour party. ✍️ Ross Clark Article | spectator.com/article/the-in…
This is economic ignorance of a high degree, even for my old mate Diane. If you don’t want to be ‘dominated’ by the bond markets then don’t borrow £3 trillion from them. Be honest with the people and explain how your idea of socialism will entail EVERYBODY paying a shed load more in tax. If you can’t do that then you will be in hock to the bond markets. It’s as simple as that.
The following HMRC tax receipts have gone ‘down’ since Labour ‘increased’ their rates: 1. Capital Gains Tax (people just sold fewer assets) 2. North Sea oil & gas (people invested less because of 78% windfall tax) 3. National Insurance (people hired less staff) @CutMyTaxUK
Oddly terrifying. The public think the organisation which overpays for paracetamol is turning a healthy profit.
