Chancellor Won’t Back Growth

Depressing news for fans of economic growth as Hunt claimed it’s “virtually impossible” to make any tax cuts until the economy improves on LBC’s Tonight with Andrew Marr. This is despite lower inflation and a stop to interest rate hikes. Who’s surprised?

Guido thinks its worth reminding the Chancellor and Number 10 what they said about tax when they were making “all the right noises.” 

  • Hunt graciously admitted that the “tax burden is too high. We would like to bring it down through growth.” In the meantime, Britain has the third highest integrated tax rate on corporate income in Europe. Singapore-on-Thames?
  • The Chancellor said he was desperate to “unlock investment in the North Sea as his continuing windfall tax has led nine out of ten capital projects to be put on hold.
  • Sunak told business leaders: “I’ve got your back“. At the same time as taxing them so highly they left to the United States…
  • Rishi said he was ready to listen” to calls to scrap the tourist tax, which he instituted and forfeits £3 billion of consumer spending annually. No movement there…

There used to be a time when Chancellors had the stomach to prioritise investment and growth despite loud calls from quangos, charities, and commentators to hike taxes ever-higher. Distant memories…

mdi-timer 22 September 2023 @ 11:48 22 Sep 2023 @ 11:48 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Andrew Marr: Liz Truss Was Right All Along
mdi-timer 10 September 2023 @ 11:18 10 Sep 2023 @ 11:18 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Marr’s Awe of Blairites

Andrew Marr is in awe

… the world of the Tony Blair Institute is to go back to a sunnier, lighter age; hyper-educated, beautiful young people with transatlantic accents play data ping-pong and talk admiringly of Kissinger on the balance of power. The raw desperation of life for ordinarily chaotic people trying to pay their bills in 2023 seems a long way away.

mdi-timer 27 July 2023 @ 09:18 27 Jul 2023 @ 09:18 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
China Throws Tantrum Over Truss’s Taiwan Trip

As predicted, the Chinese Communist Party (CCP) is throwing its toys out the pram over Liz Truss’s upcoming visit to Taiwan. Speaking to Andrew Marr on LBC last night, CCP media spokesman Victor Gao claimed Truss’s trip next week risks causing “mortal wounds to China-UK relations”, and somehow even escalates tensions “to the point of no return”. Just as they said of Pelosi’s trip…

Gao said the trip will “make it more likely that China will exercise jurisdiction over Taiwan sooner rather than later”, adding:

“Her proposed visit to Taiwan in her official capacity will only achieve one goal: that is to further alienate relations between China and Britain, hurting the fundamental interest of the British people.

[Truss should] pay attention to [how] she conducts herself, because she does not want to inflict mortal wounds to China-UK relations”.

The Chinese communists aren’t the only ones appalled at a former PM daring to set foot on Taiwanese soil. Alicia Kearns, Chair of the Foreign Affairs Select Committee, has also attacked Truss for making the trip, claiming “the trip is performative, not substantive“, and “the worst kind of example of Instagram diplomacy“. A spokesperson for Truss immediately fired back:

“The former Prime Minister has been invited to visit by the Taiwan government. They are better placed to know what is in the interests of the Taiwanese people than the MP for Rutland… Alicia Kearns should apologise for misusing her position as a select committee chair to engage in petty political attacks.”

Unsurprisingly, Downing Street are keeping out of it…

mdi-timer 11 May 2023 @ 08:49 11 May 2023 @ 08:49 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Jean-Claude Juncker: European Commission “Will Have More Authority Than it Seems” in Rishi’s Deal

Before ruminating on the “lies” and “propaganda” of the Brexit campaign, Jean-Claude Juncker heartily endorsed Rishi Sunak’s Northern Ireland deal. Speaking to Andrew Marr for LBC, he called the deal a “real breakthrough”, saying he was “quite happy” with what he described as “diplomacy at its best”. Jean-Claude then gave further insight into why he was so keen on the deal:

“I think that the European Commission will have more authority than it seems. And as the European Court of Justice has been reconfirmed in its role as arbiter, when it comes to internal market questions concerning Northern Ireland. So, I think that although the deal is giving response to the major British concerns, there is a part of European Union in the deal some in Britain is trying to hide.”

Rishi will not be grateful for this lavish endorsement. Boris might be onto something here…

mdi-timer 3 March 2023 @ 09:59 3 Mar 2023 @ 09:59 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
LISTEN: David Miliband Doesn’t Rule Out Westminster Return

The moment nobody’s been waiting for may soon be upon us. Speaking to Andrew Marr on LBC last night, David Miliband couldn’t deny his intentions to make a political comeback.

MARR: I’m putting it to you that you will be back in Parliament by the time of the next election.

MILIBAND: Well, erm (SPLUTTERS) that’s NOT been decided.

As Andrew Marr concluded, “He didn’t say No.”

What with Labour’s position in the polls, Miliband has certainly picked his moment. Brother Ed must be delighted…

mdi-timer 29 November 2022 @ 10:15 29 Nov 2022 @ 10:15 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
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