The PM’s new economic head honcho led a landmark project calling for a series of massive tax rises. You’ll never guess who she was working with…
Starmer has brought former BoE Deputy Governor Baroness Minouche Shafik in as his new personal senior economic adviser in Number 10. Shafik was touted as a potential new Cabinet Secretary at the time of the election and has since undertaken a review of aid spending for Labour…
Shafik resigned as President of Columbia after the way the university dealt with protests over Gaza drew massive criticism. Prior to that Guido can reveal she was one of the few individuals on the Resolution Foundation’s special “commission” leading one Torsten Bell’s multi-year ‘Economy 2030‘ report. In fact, she co-chaired the entire ‘Economy 2030 Inquiry’ underpinning the report. Published on 4 December 2023, that report called for the following tax rises among others:
Many of these will be familiar to co-conspirators aware of the Treasury’s new ‘Budget Man Bell.’ The Resolution Foundation described Shafik’s role in the Commission:
“a small Commission of seven high-profile thinkers and doers provided the Inquiry’s strategic leadership and direction for future work.”
The PM’s economic adviser is meant to bridge with the Treasury and push back where required. She’ll be “pushing back” against her fellow tax-fan and Budget architect Mr Bell…
UPDATE: Mel Stride says:
“Labour’s appointment of Minouche Shafik confirms their intent – higher taxes, more borrowing, and punishing success. Shafik has previously proposed tax hikes on everything from inheritance and pensions to family homes and employers.
Far too many successful people are already quitting the country under Labour. This is yet another worrying sign that more will follow.”
Sarah Pochin at Reform Scotland’s manifesto launch event: “I really wanted to come on in a Reform tartan burka, but apparently I wasn’t allowed… One day let’s do one of these events not live-streamed. We’ll do all the naughty stuff…”